US construction machinery exports gain 28%

The market for exports of US-made construction machinery closed out 2010 with a gain of more than 28% compared to the previous year, for a total of $16.4 billion dollars’ worth of equipment sold worldwide, according to the Association of Equipment Manufacturers (AEM).
February 10, 2012 Read time: 2 mins

The market for exports of US-made construction machinery closed out 2010 with a gain of more than 28% compared to the previous year, for a total of $16.4 billion dollars’ worth of equipment sold worldwide, according to the 1100 Association of Equipment Manufacturers (AEM).

The AEM North American-based international trade group consolidates US Commerce Department data with other sources into a quarterly export trends report.

"Global trade is extremely important to our industry and export sales continue to sustain many companies as we still face a fragile domestic upturn," stated AEM senior vice president Al Cervero.

"While these numbers are positive we have to remember they follow a 2009 decline of more than 38%.

"It's important to pass the pending free-trade agreements with Colombia, Korea and Panama to help manufacturers create more US jobs by selling their products to international buyers."

Export business to Europe gained 23% for a total US$1.88 billion, and exports to Asia grew 10%, totalling $2.2 billion.

Construction machinery exports to South America increased 31% in 2010 for a total $3.1 billion; and exports to Central America came in at $1.6 billion, a 24% increase.

The largest gain was to Australia/Oceania with a 66% increase for a total $1.6 billion.

The only decline was to Africa with a 5% drop for $934 million worth of purchases. Construction machinery exports to Canada gained 39% and totalled $5.1 billion.

The top countries buying the most US-made construction machinery in 2010 were Canada ($5.1 billion); Australia ($1.5 billion, up 62%),; Mexico ($1.2 billion, up 25%); Chile ($920 million, up 21%); Brazil ($758 million, up 48%); Colombia ($588 million, up 50%); China ($499 million, up 2%); Peru ($437 million, up 37%); Belgium ($399 million, up 11%); South Africa ($396 million, up 12%); Russia ($333 million, up 60%); Singapore ($299 million, up 40%); Saudi Arabia ($227 million, down 4%); Arab Emirates ($197 million, up 38%), and Germany ($197 million, up 34%).

For more information on companies in this article

Related Content

  • bauma CONEXPO India underlines a turnaround
    December 15, 2016
    Business transactions, high-quality trade visitors and more participants than in 2014 mark out this year’s bauma CONEXPO India which took place at HUDA Ground in Delhi from December 12-15. More than 31,000 participants and 647 exhibitors - of which 57% were international companies from 30 countries - came to the fourth International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles, which occupied a total of 150,000m². Igor Palka, chief execut
    Read More
  • UK construction machine exports growth
    August 23, 2016
    The latest figures from the UK’s Construction Equipment Association (CEA) show that exports of machines continued to show modest growth in Q2 2016. This continued to reverse the declining trend seen in 2015, which reflected poor demand in many major overseas markets according to the CEA. Measured in volume terms (tonnes), exports showed 6.1% growth in Apr/Jun compared with Jan/Mar 2016. However, compared with the same quarter in 2015, Apr/Jun was still 10.3% below last year’s level. For the first half year,
    Read More
  • High demand for German-made construction machinery
    February 14, 2018
    The German construction equipment industry is in the middle of a boom, according to data from the country’s equipment manufacturing body, the VDMA. A new report highlights that turnover and incoming orders saw a double-digit increase in 2017 and Germany manufacturers are starting 2018 with a high degree of optimism. According to the VDMA figures, the German construction equipment industry ended 2017 with turnover of €10.8 billion– an increase of 15% compared to the previous year. It is the fourth
    Read More
  • XCMG boosting capacity
    January 6, 2017
    Increased manufacturing capacity has been a key focus for XCMG in recent years, with the firm having committed to upgrading its production facilities. XCMG has invested heavily in new manufacturing capacity for its ranges of cranes and wheeled loaders and both the Heavy Machinery and Wheeled Loader divisions now have new factories. The heavy crane facility produces machines in the 90tonne category and above and all production moved to the new plant in 2012 as the old factory was too small. The new facility
    Read More

Highlighted Content