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 Date:9/13/2007 AEM |
| News Release Construction Equipment Exports at Mid-Year 2007 Up 22 Percent; Asia Business Leads World Regions Exports of U.S.-made construction machinery totaled $8.2 billion for the first half of 2007, a 22-percent increase compared to January-June 2006, according to the Association of Equipment Manufacturers (AEM). The AEM North American-based international trade group consolidates U.S. Commerce Department data into a quarterly export trends report. Construction equipment export volume to the Asia region overall rose 67 percent to total $1.16 billion at mid-year 2007. Exports to China gained 181 percent for the first half of 2007 to total $319.5 million, giving that country the sixth-place ranking among leading export destinations for U.S. construction machinery. Central America took delivery of 28 percent more American-made construction equipment during the first half of 2007 compared to 2006 by midyear, for a total of $815 million, and South America increased its purchases 14 percent to total $1.08 billion. Europe increased its construction equipment exports 52 percent to total $1.36 billion for the first half of 2007. Canada took delivery of $2.6 billion worth of U.S.-made construction equipment, a 3-percent gain. Exports to Africa grew 37 percent and totaled $434 million, and exports to Australia/Oceania increased 9 percent, representing $719 million worth of construction machinery. The top 10 export destinations for American-made construction equipment for the first half of 2007 were: Canada $2.6 billion, up 3 percent Australia $696 million, up 9 percent Mexico $588 million, up 26 percent Chile $346 million, up 40 percent Belgium $331 million, up 78 percent China $319.5 million, up 181 percent South Africa $251 million, up 63 percent Venezuela $177 million, up 72 percent Germany $176 million, up 70 percent Russia - $165 million, up 57 percent |
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