Made in the USA: Toyota increasing exports from Mississippi

Thursday, 26 Sep 2013 | 6:30 AM ET
Toyota exporting 'Made in the USA' vehicles
Thursday, 26 Sep 2013 | 8:07 AM ET
CNBC's Phil LeBeau and Jim Lentz, CEO of Toyota North America, discuss its plan to export Corollas built in Mississippi to Latin America and the Caribbean.

Toyota Motor, the world's largest automaker, is increasing the number of vehicles it will build in the U.S. and export to other countries.

Starting next April the company will take more than 7,500 Corolla models built in Tupelo, Miss., and ship them to 21 countries in Latin America and the Caribbean. It's the latest sign that Toyota is diversifying and exporting more vehicles from plants outside of its home country of Japan. The company has designated the U.S. as an export hub.

(Read more: Toyota recalling more than 1 million vehicles)

In recent years, the strength of the Japanese yen compared to the U.S. dollar has made it more expensive to export models from Japan.

In 2012, Toyota exported more than 124,000 vehicles from the U.S. to 23 countries, an increase of 45 percent compared to 2011.

Toyota is not the only automaker exporting more vehicles from plants in the United States. The Big Three—Ford Motor, General Motors, and Chrysler—as well as foreign automakers have been shipping more models from America to foreign countries.

—By CNBC's Phil LeBeau. Follow him on Twitter @LeBeauCarNews.

Questions? Comments? BehindTheWheel@cnbc.com.

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  • Phil LeBeau is a CNBC auto and airline industry reporter based in the Chicago bureau and editor of the Behind the Wheel section on CNBC.com.