U.S. Ag Machinery Exports Increase 23% In 2011
U.S. agricultural equipment exports increased 23% in 2011 compared to the previous year for a total $11 billion of machinery shipped to other nations, according to the Association of Equipment Manufacturers (AEM). This follows export growth of 12% in 2010 after a 2009 decline of 23% in the depths of the recession.
Exports by World Regions and Top 10 Countries: Exports to Australia/Oceania led the way in 2011 with a 60% gain as the region took delivery of $1.2 billion of U.S.-made agricultural equipment. Agricultural machinery exports to South America increased 31% in 2011 with purchases worth $1.3 billion and exports of agricultural equipment to Central America gained 14% and totaled $1.0 billion. Export sales to Asia grew 17% to total $937 million for 2011 and Africa’s purchases of U.S. agricultural machinery increased 28% to total $334 million last year. Exports of agricultural equipment to Europe gained 31% for a total $2.9 billion in 2011, and export business to Canada grew 10% and totaled $3.4 billion.
The 10 Countries Buying The Most U.S.-Made Agricultural Machinery In 2011:
- Canada: $3.4 billion, up 10%
- Australia: $1.1 billion, up 64%
- Mexico: $806 million, up 12%
- Brazil: $517 million, up 53%
- Germany: $454 million, up 28%
- China: $328 million, up 13%
- France: $313 million, up 14%
- Ukraine: $293 million, up 153%
- United Kingdom: $268 million, up 5%
- Russia: $235 million, up 55%