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

  • Liebherr sees steady performance worldwide
    June 8, 2015
    The Liebherr Group has seen a steady financial performance in 2014, with turnover reaching a healthy €8.823 billion, similar to the previous financial year. The company continued to invest in developing its operations, spending €816 million in expanding and modernising its manufacturing facilities and also strengthening the sales and service organisation. The number of employees has now risen to 40,839 in total. The €8.823 billion turnover was slightly lower, 1.6%, than for the previous financial year howev
    Read More
  • Euro Auctions brings in the euros at its Leeds, UK site
    September 6, 2016
    Euro Auctions reports that it had record sales at its three-day auction at its recently expanded Leeds site in the United Kingdom at the end of August. A total of 4,645 lots went under the hammer at the 10.5 hectare site, achieving over €37 million. More than 40% of sales were placed via the internet, a record for internet sales, said Jonnie Keys, general manager of Euro Auctions.
    Read More
  • VDMA holding road show through key Latin American nations
    April 12, 2013
    The German VDMA association for construction equipment and building material machinery is holding road show called Cement + Minerals during May 2013 that will stop in Peru, Chile and Brazil. Seven companies working in the field of cement engineering and mineral processing are joining forces. These companies will invite South American cement manufacturers and extraction industry operators to familiarise themselves with advanced solutions for secondary breaking, thermal treatment, feeding and screening techno
    Read More
  • AEM names Charlie O’Brien as its new senior vice president
    January 11, 2013
    The Association of Equipment Manufacturers (AEM) in the United States has named Charlie O’Brien as senior vice president. The appointment is said by the AEM to be in recognition of his increased leadership role for the association. These include activities under AEM’s new strategic plan, initiated in 2012, to better serve all members’ current and future business-development needs.
    Read More

Highlighted Content