Data Shows U.S. Farm Equipment Exports On the Rise

March 3, 2011 11:41 AM
 

Compared with the previous year, U.S. exports of agricultural-related machinery increased more than 12% compared to the previous year and totaled more than $8.95 billion according to the Association of Equipment Manufacturers (AEM).

The AEM North American-based international trade group consolidates U.S. Commerce Department data with other sources into a quarterly export trends report. Data from showed declines of more than 20%.

Exports to...

  • South America grew 59% with purchases totaling $970 million.
  • Central America gained 36% and totaled $882 million.
  • Asia increased 24% for a total $800 million.
  • Africa increased 16% for a total of $261 million.
  • Canada increased 13% for a total of $3.1 billion.

U.S. exports to Europe dropped 5% for a total $2.2 billion, and exports to Australia/Oceania declined 7% for a total $721 million.

The top countries buying the most U.S.-made farm machinery in 2010 were:

  • Canada - $3.1 billion, up 13%
  • Mexico - $720 million, up 35%
  • Australia - $658 million, down 10%
  • Germany - $356 million, up 2 percent%
  • Brazil - $338 million, up 85 percent%
  • China - $291 million, up 35 percent%
  • France - $273 million, down 20%
  • United Kingdom - $255 million, up 2%
  • Netherlands - $199 million, up 44%
  • Argentina - $168  million, up 104%
  • Belgium - $153 million, down 23%
  • Russia - $151 million, up 20%
  • Venezuela - $151 million, up 62%
  • South Africa - $133 million, down 1%
  • Ukraine - $116 million, up 26%    

 

For more: AEM

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