U.S. Ag Equipment Exports Show Strength

August 24, 2010 05:15 AM
 

According to the Association of Equipment Manufacturers (AEM) halfway through 2010, U.S. ag equipment exports are up 4% compared with 2009 numbers. Midyear shipments total $4.9 billion.

AEM’s off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into global trend reports for members.

 

Charlie O’Brien, AEM vice president agricultural sector, cautions that while some economies are rebounding, there is still uncertainty in some regions.

 

U.S. exports to Central America and Asia showed the most growth with a gain of 44% for Central America, with export purchases totaling $466 million, and an increase of 29% for Asia for its export purchases of $426 million.

 

Exports to Europe dropped 19% to $1.4 billion, and exports to Africa decreased 13% to $116 million.

 

South America took delivery of $370 million worth of U.S.-made agricultural equipment, an increase of 18%. Exports to Canada grew 15% and totaled $1.8 billion, and Australia/Oceania’s purchases of $377 million represented a 3% increase.

 

The top destinations for U.S. agricultural machinery exports from January through June 2010 were:

  1. Canada - $1.8 billion, up 15%
  2. Mexico - $392 million, up 45%
  3. Australia - $350 million, up 2%
  4. Germany - $216 million, down 7%
  5. China - $184 million, up 53%
  6. France - $173 million, down 23%
  7. United Kingdom - $151 million, down 8%
  8. Brazil - $133 million, up 43 percent;
  9. Netherlands - $118 million, up 60%
  10. Russia - $111 million, down 1%

 

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