Construction machinery, export, Us--Construction Machinery Exports Up

Exports of U.S.-made construction equipment increased in the second quarter of 2010, and total construction machinery exports at midyear were $7.4 billion, a 15% gain overall compared to January-June 2009 numbers, according to the Association of Equipment Manufacturers (AEM). The off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into global trend reports for members.

Exports to Central and South America each gained 14% compared to midyear 2009 - $753 million for Central America and $1.4 billion for South America. Asia’s export purchases increased 5% to $984 million. European growth was flat with exports totaling $777 million, about the same as January-June 2009, and exports to Africa declined 20% to $423 million. Australia/Oceania took delivery of 37% more U.S.-built construction machinery for a total $679 million and exports to Canada increased 32% to $2.4 billion.

“These numbers are encouraging, especially after the double-digit declines of last year,” said Al Cervero, AEM senior vice president. “With U.S. markets still sluggish, they underscore the importance of global trade to the construction equipment industry.”

The top destinations for U.S. construction machinery exports January-June 2010 were: Canada - $2.4 billion, up 32%; Australia - $625 million, up 32%; Mexico - $549 million, up 8%; Chile - $462 million, up 9%; Brazil - $376 million, up 74%; China - $242 million, up 15%; Colombia - $189 million, up 13%; South Africa – $173 million, down 25%; Peru - $168 million, down 5%; Belgium - $153 million, down 31%.

Source: Diesel Progress Online