U.S. construction equipment exports experience 10 percent gain

Total exports of construction machinery made in the United States equaled $6.68 billion for the first half of this year, a 10 percent increase compared with this time last year, according to the quarterly export trends report issued by the Association of Equipment Manufacturers and the U.S. Commerce Department.

This rise in exports was partly because of increases in purchases from Central America, with 44 percent more American-made construction equipment, as well as South American purchases that increased by 16 percent.

Exports to China were raised to 20.5 percent, totaling $114 million and making China the 11th place as an export destination for U.S. construction machinery. In addition, Africa had a 66 percent increase and Canada had a 22 percent gain. Australia and Oceania also saw an increase of 10 percent.

“General construction (residential and commercial) projects and transportation infrastructure continue to account for the majority of recent equipment sales revenue in Latin America and China, according to participants in our quarterly industry conditions surveys,” said Arnold Huerta, AEM assistant director of international marketing.

Although there were several increases in exportation, there were declines in the Asia region by 19 percent and a 17 percent decrease in Europe.