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 the first six months of 2009, according to the Association of Equipment Manufacturers
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 the first six months of 2009, according to the Association of Equipment Manufacturers. AEM consolidates Commerce Department data with other sources into global trend reports.
ìThese numbers are encouraging, especially after the double-digit declines of last year,î says AEM Senior Vice President Al Cervero. ìWith U.S. markets still sluggish, they underscore the importance of global trade to the construction equipment industry. Export business helps U.S. manufacturers keep their doors open, and Congress can help create more jobs by passing free-trade agreements still pending with Colombia, Panama and Korea. We also need to rebuild our crumbling infrastructure to get products to market more efficiently; here, too, Congress can help by timely passage of a long-term, adequately funded highway bill. These two actions would result in more sustainable jobs and business growth than any short-term stimulus package.î
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. Asiaís export purchases increased 5% to $984 million.
European growth was flat with exports totaling $777 million, about the same as January to June 2009. Exports to Africa declined 20% to $423 million.
Australia/Oceania took delivery of 37% more American-made construction machinery for a total $679 million, and exports to Canada increased 32% and totaled $2.4 billion.
The top destinations for U.S. construction machinery exports January to June 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%.