Equipment Exports Jump 30.5%

Exports of U.S. agricultural-related equipment to nations around the world topped $5.8 billion for the first half of 2008 compared to mid-year 2007 numbers, for an increase of 30.5%, according to the Association of Equipment Manufacturers (AEM).

Asia and Central America recorded modest gains while all other major world regions reported substantial growth, led by Australia/Oceania and South America.

The top 10 export destinations for U.S. farm machinery exports for the first half of 2008 were:

1. Canada - $1.55 billion, up 35%
2. Russia - $456 million, up 63%
3. Germany - $331 million, up 25%
4. Australia - $305.5 million, up 97%
5. Mexico - $305 million, up 9%
6. France - $244 million, up 23%
7. Ukraine - $243 million, up 71%
8. United Kingdom - $233 million, up 25%
9. Belgium - $179 million, down 2%
10. Kazakhstan - $156 million, up 56%

Brazil came in at number 11 with $145 million, a 29% increase.