Wed November 27, 2013
Kentucky Vehicle Exports Top Last Year's Record
Kentucky exports are on a record pace this year, and vehicle exports are already at an all-time high.
Through the first nine months of the year, the commonwealth’s vehicle exports were up over 40 percent.
Gov. Steve Beshear says the state exported more than $3 billion worth of vehicles through September and will likely top $4 billion by year's end.
Beshear says that translates into more jobs and a stronger state economy.The previous record for vehicle exports was $2.7 billion, set last year.
Beshear says a significant part of the growth is from exports to Saudi Arabia, which is now the second largest buyer of Kentucky-made automobiles.
Canada remains the top consumer of vehicles produced in Kentucky. Total exports of all Kentucky products have topped $18 billion as of September.