When is an “import” not an import? That’s no longer a rhetorical question, suggests Honda Motor Co. which says it is now exporting more vehicles from the U.S. than it is importing.
Its U.S. subsidiary American Honda exported 108,705 vehicles to 50 countries outside North American last year while importing just 88,537 vehicles from Japan. With the midsize Accord leading the way, Honda has increased the export of American-made vehicles nearly six-fold since 2009 while reducing imports by more than 50% over the same period. The value of those exports reached $2.66 billion last year.
“This is really a significant milestone for our North American operations, and one that’s been 30 years in the making,” said Honda Senior Vice President Rick Schostek, making reference to the launch of Honda’s first U.S. assembly plant, in Marysville, Ohio, three decades ago.