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

  • Wacker Neuson remains on growth track
    August 9, 2023
    Wacker Neuson remains on its growth track in 2023.
    Read More
  • Ritchie Bros. auction in Dubai passes US$41 million mark
    March 3, 2016
    Ritchie Bros. started strong with its first Dubai auction of 2016, selling more than US$41 million of equipment and trucks on March 1-2. This was a 54% increase in gross auction proceeds compared to the March Dubai sale last year, the company said. Around $4.5 million worth of equipment went to on-line bidders. The Canadian company shifted more than 2,000 items for over 200 sellers during the two-day unreserved public auction. "People from 71 countries registered for the auction, with buyers from a
    Read More
  • Zoomlion develops key strategy for expansion
    June 10, 2015
    The implementation of a new strategy looks set to lead to strong development among infrastructure-related industries in export markets for Chinese firms. And as an industry leader in the production of construction machinery, Zoomlion has long been preparing to compete against the major international companies At the bauma China 2014 event in Shanghai, Zoomlion gave an insight into its international ambitions according to the firm. At the show, the senior director in charge of Zoomlion overseas business,
    Read More
  • Future growth for construction machinery rental
    March 30, 2020
    Future growth is envisaged for the construction machinery rental market.
    Read More

Highlighted Content