U.S. Construction Machinery Exports are up 48% at mid-year 2011.

Association of Equipment Manufacturers Sep 02, 2011

Press Release Summary:

U.S. exports of construction equipment continued to grow in 2011 and ended first half of year up by 48% compared to January-June of 2010. According to AEM, total construction machinery exports at midyear were $11 billion. Specific increases include exports of U.S.-made construction machinery to South America by 51% and to Central America by 24%. Report also included information on export increases to Asia, Australia/Oceania, and Africa.

Original Press Release:

U.S. Construction Machinery Exports Up 48 Percent at Mid-Year 2011

U.S. exports of construction equipment continued to grow in 2011 and ended the first half of the year up 48 percent compared to January-June of 2010. Total construction machinery exports at midyear were $11 billion, according to the Association of Equipment Manufacturers (AEM). The off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into member global trend reports.

"Exports remain a bright spot for the U.S. construction machinery manufacturing industry with continued weakness in the domestic marketplace. Pro-American export policies such as free trade agreements are proven to spur economic growth, which means manufacturers can provide more jobs for U.S. workers. That's a key message of our I Make America campaign, which underscores the significant role of manufacturing in U.S. job creation," stated Al Cervero, AEM vice president and construction sector leader.

Exports of U.S.-made construction machinery to South America grew 51 percent to total $2.1 billion, and exports to Central America totaled $933 million for a 24-percent gain. Among the "top 10" countries buying equipment during the first half of 2011 were Brazil, Chile, Colombia, Mexico and Peru.

Asia's export purchases increased 54 percent to $1.5 billion, and Europe's 75-percent gain translated to $1.4 billion.

Australia/Oceania took delivery of 52 percent more American-made construction machinery for a total $1 billion, and exports to Canada increased 43 percent and totaled $3.4 billion.

U.S. exports to Africa grew 50 percent for a total $636 million.

The top 10 export destinations for American-made construction equipment during the first half of 2011 were: (1) Canada - $3.4 billion, up 43 percent; (2) Australia - $1 billion, up 61 percent; (3) Mexico - $742 million, up 35 percent; (4) Chile - $608 million, up 32 percent; (5) China - $480 million, up 98 percent; (6) Brazil - $480 million, up 28 percent; (7) Colombia - $419 million, up 121 percent; (8) South Africa - $325 million, up 88 percent; (9) Russia - $319 million, up 195 percent; (10) Peru - $290 million, up 72 percent.

Media Contact: Pat Monroe (pmonroe@aem.org, Tel: 414-298-4123)