AEM sees +48% rise in US equipment exports
By Sally Cooling30 August 2011
The Association of Equipment Manufacturers (AEM) says US$ 11 billion worth of construction equipment was exported from the US in the first six months of the year. This was a +48% increase on January-June 2010.
Al Cervero, AEM vice present and construction section leader said, "Exports remain a bright spot for the US construction machinery manufacturing industry with continued weakness in the domestic workplace. Pro-American export policies such as free trade agreements are proven to spur economic growth which means manufacturers can provide more jobs for US workers."
Exports of US made construction machinery to South America grew by +51% to US$ 2.1 billion whilst exports to Central America totaled US$ 933 million for a +24% gain. Asia's export purchases increased +54% to US$ 1.5 billion while Europe's +75% increase saw them hit US$ 1.4 billion. Africa saw a +50% rise in US-made machinery sales, translating to US$ 636 million in total.
The top 10 export destinations for American-made construction equipment during the first half of 2011 were:
1. Canada: US$ 3.4 billion - up +43%
2. Australia: US$ 1 billion - up +61%
3. Mexico: US$ 742 million - up +35%
4. Chile: US$ 608 million - up +32%
5. China: US$ 480 million - up +98%
6. Brazil: US$ 480 million - up +28%
7. Colombia: US$ 419 million - up +121%
8. South Africa: US$ 325 million - up +88%
9. Russia: US$ 319 million - up +195%
10. Peru: US$ 290 million - up +72%