U.S. CE Exports Still Strong
U.S. exports of construction equipment continued to grow in 2011 and ended the first half of the year up 48% compared to January-June of 2010 according to figures from the Association of Equipment Manufacturers (AEM). Total construction machinery exports at midyear were $11 billion said AEM, which consolidates U.S. Commerce Dept. data with other sources into member global trend reports.
The top 10 export destinations for American-made construction equipment during the first half of 2011 were: Canada - $3.4 billion, up 43%; Australia - $1 billion, up 61%; Mexico - $742 million, up 35%; Chile - $608 million, up 32%; China - $480 million, up 98%; Brazil - $480 million, up 28%; Colombia - $419 million, up 121%; South Africa – $325 million, up 88%; Russia - $319 million, up 195%; and Peru - $290 million, up 72%.Edit Module