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U.S. machinery exports to Canada up 32 per cent


August 19, 2010
By Aggregates & Roadbuiding

US machinery exports to Canada up 32%NEWS HIGHLIGHT

U.S. machinery exports to Canada up 32 per cent
Exports of U.S.-made construction equipment increased
in the second quarter of 2010, with a big part of that gain coming from
Canada.

Aug. 19, 2010 – Exports of U.S.-made construction equipment increased in the second quarter of 2010, with a big part of that gain coming from Canada. Total construction machinery exports at midyear were $7.4 billion, a 15-per cent gain overall compared to January-June 2009 numbers, according to the Association of Equipment Manufacturers (AEM).

US machinery exports to Canada up 32% 

 

Canada as always outstripped all other export nations by a wide margin, importing $2.4 billion in construction machinery in the first half alone, up a staggering 32 per cent. That total is as much as the next six largest importing nations combined. The AEM off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into global trend reports for members.

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“These numbers are encouraging, especially after the double-digit declines of last year. With U.S. markets still sluggish, they underscore the importance of global trade to the construction equipment industry,” stated Al Cervero, AEM senior vice president.

Exports to Central and South America each gained 14 percent compared to midyear 2009 – $753 million for Central America and $1.4 billion for South America. Asia’s export purchases increased five percent to $984 million.

European growth was flat with exports totalling $777 million, about the same as January-June 2009, and exports to Africa declined 20 per cent to $423 million.

Australia/Oceania took delivery of 37 per cent more American-made construction machinery for a total $679 million, and exports to Canada increased 32 per cent and totalled $2.4 billion.

The top destinations for U.S. construction machinery exports January-June 2010 were: (1) Canada – $2.4 billion, up 32 percent; (2) Australia – $625 million, up 32 per cent; (3) Mexico – $549 million, up 8 percent; (4) Chile – $462 million, up 9 per cent; (5) Brazil – $376 million, up 74 per cent; (6) China – $242 million, up 15 per cent; (7) Colombia – $189 million, up 13 per cent; (8) South Africa – $173 million, down 25 per cent; (9) Peru – $168 million, down 5 per cent; (10) Belgium – $153 million, down 31 per cent.