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Vroom…Auto Industry Shows Growth
Posted By rosannatorres On October 18, 2011 @ 6:26 am In Foreign Trade Data | 7 Comments
By: Terri Long
On October 4, 2011, the Full Report on Manufacturer’s Shipments, Inventories and Orders  for August 2011 was released. Preliminary estimates show January – August 2011 shipments of transportation equipment were $365.8 billion, up 4.1% over the $351.3 billion from January – August 2010. (All data are not seasonally adjusted.)
Using USA Trade Online , we can see that U.S. exports of transportation equipment also increased. Exports were up 12.3% from January – August 2010 ($124.2 billion) to January – August 2011 ($139.5 billion).
The chart below takes a deeper look into the January – August Year-to-Date (YTD) export figures beginning in 2006 through 2011. Between August 2006 YTD and August 2008 YTD, exports of transportation equipment grew 22.5%. Automobiles and light truck exports alone increased 51.8%, while heavy duty truck exports rose 6.1%. However, over the next year (August 2008 YTD to August 2009 YTD), the industry sharply declined 28.0%. Heavy duty truck exports dropped 29.2%. Automobiles and light trucks declined 53.2%.
From August 2009 YTD through the current period of August 2011, transportation equipment exports rebounded significantly, up 35.8%. Automobiles and light truck exports surged an astounding 92.4% and heavy duty truck exports jumped 70.7%.
To obtain more information about U.S. exports of automobiles and other goods, you may register for a free 7-day trial to USA Trade Online .
Article printed from Global Reach Blog: http://globalreach.blogs.census.gov
URL to article: http://globalreach.blogs.census.gov/2011/10/18/vroomauto-industry-shows-growth/
URLs in this post:
 Full Report on Manufacturer’s Shipments, Inventories and Orders: http://www.census.gov/manufacturing/m3/index.html
 USA Trade Online: http://usatrade.census.gov/
 Image: http://globalreach.blogs.census.gov/files/2012/04/6a0120a61b56ed970c0162fbb97f42970d-pi.png
 Download Data on U.S. Exports of Automobiles and Trucks: http://blogs.census.gov/files/data-on-u.s.-exports-of-automobiles-and-trucks.xls