U.S. Ag Equipment Exports Increase 15%

The Association of Equipment Manu-facturers (AEM) reported that U.S. exports of agricultural machinery continued to grow in 2011 and ended the first half of the year with a gain of 15%. Midyear 2011 exports totaled $5.6 billion.

Highlights from the report:

• South America took delivery of $579 million worth of U.S.-made agricultural equipment, an increase of 56% and Central America increased its purchases 9% to total $506 million.
• Asia’s export purchases gained 13% to $483 million, and exports to Australia/Oceania grew 20%, representing $452 million worth of farm-related equipment.
• Exports to Europe gained 19% to $1.6 billion, and exports to Canada increased 4% and totaled $1.8 billion.
• U.S. exports to Africa grew 13% for a total $131 million.

The top 10 export destinations for American-made agricultural equipment during the first half of 2011 were:

1. Canada: $1.8 billion, up 4%
2. Australia: $423 million, up 21%
3. Mexico: $395 million, up 1%;
4. Germany: $260 million, up 20%
5. Brazil: $242 million, up 82%
6. France: $185 million, up 7%
7. China: $179 million, down 3%
8. Ukraine: $159 million, up 111%
9. UK: $145 million, down 4%
10. Russia: $124 million, up 13% ◆