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Total U.S. construction machinery exports at midyear-2011 at $11 billion
Posted By Equipment World Staff On August 29, 2011 @ 8:40 am In Construction News | No Comments
U.S. exports of construction equipment continued to grow in 2011 and ended the first half of the year up 48 percent compared to January-June of 2010, according to the Association of Equipment Manufacturers (AEM).
Total construction machinery exports at midyear were $11 billion, AEM says. The off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into member global trend reports.
“Exports remain a bright spot for the U.S. construction machinery manufacturing industry with continued weakness in the domestic marketplace. Pro-American export policies such as free trade agreements are proven to spur economic growth, which means manufacturers can provide more jobs for U.S. workers. That’s a key message of our I Make America campaign, which underscores the significant role of manufacturing in U.S. job creation,” stated Al Cervero, AEM vice president and construction sector leader.
The top 10 export destinations for American-made construction equipment during the first half of 2011 were: (1) Canada – $3.4 billion, up 43 percent; (2) Australia – $1 billion, up 61 percent; (3) Mexico – $742 million, up 35 percent; (4) Chile – $608 million, up 32 percent; (5) China – $480 million, up 98 percent; (6) Brazil – $480 million, up 28 percent; (7) Colombia – $419 million, up 121 percent; (8) South Africa – $325 million, up 88 percent; (9) Russia – $319 million, up 195 percent; (10) Peru – $290 million, up 72 percent.
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