Australian car manufacturers are planning to increase car exports this year, according to a Reuters report.

The report says that exports of cars and components, including engines, have doubled over the past five years to nearly A$5 billion in 2001. Moreover, the industry expects 10 percent annual export growth going forward.

The Reuters reports points out that executives from GM visited the group's Holden facilities this week to consider exporting the new Monaro to the United States. Under that plan, Holden could be shipping 20,000 units a year to the US.

The Reuters item also says that Mitsubishi will benefit from large orders from the Middle East, to be delivered this year.

The weak Australian dollar is seen as a significant factor behind Australia's rising auto exports.