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

  • German VDMA organisation members optimistic
    February 7, 2020
    The German VDMA construction equipment manufacturers organisation members are optimistic for the future.
    Read More
  • Italian equipment sales remain strong to Q3 2018
    January 10, 2019
    Italian construction machinery exports reached nearly €2.2 billion for the first nine months of 2018, up 6.2% on the same period 2017. Imports were also up, rising 14.4% to hit €710 million, according to the latest surveys made available by the SaMoTer - Prometeia Observatory based on the information input from Unacea, the Italian construction equipment manufacturers’ association. Italian-built earthmoving machinery and equipment took the largest share of orders from abroad, worth more than €1 billio
    Read More
  • AEM leaders’ set agenda for boosting manufacturing jobs and lift U.S. economy
    March 1, 2013
    Two senior U.S. construction equipment industry figures have called for action on priority policies to create manufacturing jobs and expand the American economy. Speaking during the Association of Equipment Manufacturers (AEM) ‘state of the industry policy update’ press conference, 2013 AEM chair and Caterpillar Group president Stu Levenick and AEM president Dennis Slater said the Association’s agenda in dealings with Government was focussed on improving transport and transport infrastructure, energy infras
    Read More
  • Volvo CE sees slide in Chinese sales but growth in developed markets
    July 18, 2014
    Volvo Construction Equipment has seen sales in China fall, while its performance in the developed markets of North America and Europe has improved. The company has seen sales drop 9% for its second quarter results as improvements in North America and Europe fail to compensate for weak demand from China. The 25% improvement in North America and 11% improvement in Europe, compared to the same period in the year before, has been a cause for optimism. Net sales in the second quarter fell 9% to US$2.144 billion
    Read More

Highlighted Content