U.S. Agricultural Machinery Exports Gain 29 Percent at Midyear 2012, Total $7.2 Billion
Targeted News Service -- MILWAUKEE, WI -- August 30, 2012 -- Exports of American-made agricultural machinery increased 29 percent to total $7.2 billion for the first half of 2012 compared to January-June 2011, according to the Association of Equipment Manufacturers (AEM). The off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into member global trend reports."Despite some volatility in world markets, global trade remains positive for agricultural equipment manufacturers, as producers in both emerging and industrialized regions seek to boost productivity. And exports are vital for U.S. manufacturers to stay in business and provide jobs for U.S. workers," stated Charlie O'Brien, AEM vice president and agriculture sector leader.
O'Brien noted that AEM has historically supported sound export policies to assist manufacturers and farmers to sell to international markets, and its I Make America national grassroots campaign has underscored the "exports equal jobs" message.
AEM and the campaign also advocate a balanced and long-term Farm Bill with an adequate safety net that allows American agriculture to continue to provide safe and affordable food for the U.S. and growing world populations.
U.S. Exports by World Regions and Top 10 Countries
South America bought 40 percent more American-made agricultural machinery than the same time period last year, for a total $810 million, and exports to Central America grew 17 percent during January-June 2012 to total $592 million.
Exports to Asia increased 27 percent for the first half of 2012 compared to midyear 2011, with purchases totaling $614 million. Exports to Europe rose 34 percent for a total $2.2 billion worth of agricultural machinery.
Exports to Africa gained 82 percent and totaled $238 million; exports to Australia/Oceania totaled $612 million for a 35-percent increase; and agricultural machinery export volume to Canada increased 19 percent to total $2.2 billion. The top 10 buyers of U.S.-made agricultural equipment at midyear 2012 were: (1) Canada - $2.2 billion, up 19 percent; (2) Australia - $574 million, up 36 percent; (3) Mexico - $509 million, up 29 percent; (4) Brazil - $422 million, up 75 percent; (5) Germany - $327 million, up 26 percent; (6) China - $291 million, up 63 percent; (7) Ukraine - $266 million, up 67 percent; (8) France - $253 million, up 37 percent; (9) Russia - $233 million, up 88 percent; (10) United Kingdom - $192 million, up 33 percent.
(c) 2012 Targeted News Service
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