Exports of U.S.-made construction equipment rose 13% to US$26.7 billion in 2012 compared to 2011, according to the Association of Equipment Manufacturers (AEM) citing of U.S. Commerce Dept. data in global market reports for members. AEM notes that the 13% 2012 gain follows a 43% year-on-year growth in 2011, and 28% growth in 2010, after a deep recession decline of 38% in 2009. "Exports have been called a bright spot for the U.S. economy, and this has been especially true for construction equipment manufactu
Exports of U.S.-made construction equipment rose 13% to US$26.7 billion in 2012 compared to 2011, according to the Association of Equipment Manufacturers (AEM) citing of U.S. Commerce Dept. data in global market reports for members.
AEM notes that the 13% 2012 gain follows a 43% year-on-year growth in 2011, and 28% growth in 2010, after a deep recession decline of 38% in 2009.
“Exports have been called a bright spot for the U.S. economy, and this has been especially true for construction equipment manufacturers. Exports have been essential to our industry’s rebound as we continue to struggle with uneven U.S. markets,” said Al Cervero, AEM vice president and construction sector leader.
Cervero added: “With this global slowing and continued domestic market uncertainties, it’s more important than ever for our lawmakers to enact job-creating export and manufacturing policies.”
U.S. construction equipment exports to Asia grew 2% compared to the previous year to a total $3.2 billion, while exports to South America increased 6% to total $4.6 billion.
Central America’s purchases of U.S. construction equipment gained 13% totalling $2.3 billion. Meanwhile exports to Europe also grew 13% to $3.2 billion; and exports to Africa increased 14% to $1.5 billion.
Exports of U.S. construction machinery to neighbouring Canada gained 12% taking the total value to $8.1 billion – making it the biggest worldwide recipient of U.S-made exported construction equipment.
Australia was the second highest recipient of U.S-made construction equipment – with exports to the country up 42% on 2011 to $3.8 billion.
