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
