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'already exceeds' is a correct and usable phrase in written English.
It is used to indicate that something is greater or more than something else that was previously mentioned. For example, "The price of the item already exceeds our budget."
Exact(60)
Their total already exceeds £41,000.
It already exceeds limits on air and noise pollution.
The net cost saving already exceeds £60,000.
Its total GDP already exceeds that of Germany.
Revenue from the pilgrimage already exceeds thirty billion dollars.
Health-care spending already exceeds a quarter of federal outlays.
After all, why expand when the capacity to produce already exceeds demand?
One state, Washington, already exceeds Obama's proposal at $9.19 an hour.
The basic fee already exceeds the £13m they paid for Asamoah Gyan six years ago.
The number of active wireless devices already exceeds the population, according to industry group CTIA.
Demand for property already exceeds supply in some parts of Britain.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com