American Auto exports on the rise

NewYork, NY— After getting over the  downtrend 5 years back,he U.S. auto industry  is now  powering up   for record  Auto export sales ,  partially due   to   favorable exchange rates and controlled  labor costs  its showing a positive pattern to continue for years to come.

 Honda leads the turnaround saying that it expects by end 2014 to export more vehicles from North America—with nearly all of them coming from its U.S. factories—than it brings from Japan 

Last year, more than one million cars and light trucks were exported from U.S. auto plants, the highest recorded and a more than threefold rise from 2003, according to the  agency International Trade Administration.

 Very  competitive labor costs and restructurings that closed unproductive factories have made American auto plants  major competitors in  international exports .  Many are  looking at U.S. production as a way to serve booming emerging markets.

Wine Exports keep growing

Napa Valley, California.....New figures show U.S. wine exports grew for the third consecutive year in 2012, setting a record of $1.45 billion in revenue terms.

Ninety percent of those exports were from California. Volume shipments reached 424.6 million liters or 112.2 million cases.

The European Union remained the top market for California wines, accounting for about 34 percent of all sales. The state’s wineries also saw significant growth in Canada and Asia.

Sales in China reached $74 million in 2012, up 18 percent from the previous year. South Korea, at $16 million, was up 26 percent. And Vietnam, at $27 million, was up 22 percent.

Exports to Mexico also grew for a second consecutive year, to $20 million, an amount that was double the 2009 figure.

In Canada, the second largest market for California wines, sales reached $434 million, up 14 percent.