Industryweek 3817 Construction Equipment Promo
Industryweek 3817 Construction Equipment Promo
Industryweek 3817 Construction Equipment Promo
Industryweek 3817 Construction Equipment Promo
Industryweek 3817 Construction Equipment Promo

Exports of US-made Construction Equipment Hit $26.7 Billion in 2012

Feb. 27, 2013
Exports to Central America and Europe gained 13%, Africa increased 14%, Canada gained 12% and Australia/Oceania jumped 42%.

The Association of Equipment Manufacturers Exports reported on Wednesday that exports of U.S.-made construction equipment increased 13% in 2012 compared to the previous year for a total $26.7 billion, with South America and Asia reporting the weakest gains.

This gain was much smaller however than the 43% gain from 2011 to 2012.

In 2010 the gain was 38%, following a 2009 decline of 38% 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," said Al Cervero, AEM vice president and construction sector leader.

Cervero pointed out that with ”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 for a total $3.2 billion.

Exports to South America increased 6% to total $4.6 billion.

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

Exports of U.S. construction machinery to Canada gained 12% for a total $8.1 billion, and exports to Australia/Oceania jumped 42% 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%
  2. Australia - $3.8 billion, up 43%
  3. Mexico - $1.8 billion, up 13%
  4. Chile - $1.7 billion, up 25%
  5. South Africa - $894 million, up 31%
  6. Brazil - $886 million, down 7%
  7. Belgium - $806 million, up 43%
  8. Peru - $779 million, up 36%
  9. Russia - $715 million, up 10%
  10. China - $680 million, down 25%   

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!