Equipment Exports Jume 30.5%
Oct 1, 2008 12:00 PM, COMPILED BY GREG LAMP
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:
- Canada - $1.55 billion, up 35%
- Russia - $456 million, up 63%
- Germany - $331 million, up 25%
- Australia - $305.5 million, up 97%
- Mexico - $305 million, up 9%
- France - $244 million, up 23%
- Ukraine - $243 million, up 71%
- United Kingdom - $233 million, up 25%
- Belgium - $179 million, down 2%
- Kazakhstan - $156 million, up 56%
Brazil came in at number 11 with $145 million, a 29% increase.
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