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Exports of U.S.-made construction equipment grew 13 percent in 2012

Apr. 16, 2013 – Exports of U.S.-made construction equipment topped 13 per cent in 2012 compared to the previous year for a total $26.7 billion, with South America and Asia reporting the weakest gains, according to the Association of Equipment Manufacturers, citing U.S. Commerce Department data it uses in global markets reports for members.


April 12, 2013
By Association of Equipment Manufacturers


Apr. 16, 2013 – Exports of U.S.-made
construction equipment topped 13 per cent in 2012 compared to the previous year
for a total $26.7 billion, with South America and Asia reporting the weakest
gains, according to the Association of Equipment Manufacturers, citing U.S.
Commerce Department data it uses in global markets reports for members.

AEM noted that the 13 per cent gain
for 2012 follows 43 per cent growth in 2011 and 28 per cent growth in 2010,
after a 2009 decline of 38 per cent in the depths of the recession.

"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,"
stated Al Cervero, AEM vice-president and construction sector leader.
"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 per cent compared to the previous year for a total $3.2 billion,
while exports to South America increased 6 per cent to total $4.6 billion.

Central America's purchases of U.S.
construction equipment gained 13 per cent for a total $2.3 billion; exports to
Europe also grew 13 per cent, and totaled $3.2 billion; and exports to Africa
increased 14 per cent to $1.5 billion.

Exports of U.S. construction
machinery to Canada gained 12 per cent for a total $8.1 billion, and exports to
Australia/Oceania jumped 42 per cent to total $3.9 billion.

The top 10 export destinations for
American-made construction machinery in 2012 by dollar volume: (1) Canada –
$8.1 billion, up 12 per cent; (2) Australia – $3.8 billion, up 43 per cent; (3)
Mexico – $1.8 billion, up 13 per cent; (4) Chile – $1.7 billion, up 25 per cent;
(5) South Africa – $894 million, up 31 per cent; (6) Brazil – $886 million,
down 7 per cent; (7) Belgium – $806 million, up 43 per cent; (8) Peru – $779
million, up 36 per cent; (9) Russia – $715 million, up 10 per cent; (10) China
– $680 million, down 25 per cent.

Related Link
www.aem.org