April 2, 2007
U.S. machinery exports rise
MILWAUKEE, WI
The market for exports of U.S. made construction machinery closed out 2006 with a gain of more than 34 per cent compared to the previous year, for a total of $13.7 billion worth of equipment sold worldwide, according to the Association of Equipment Manufacturers.
Exports to Central America led the way in 2006 with a 40.5 gain in 2006 purchases. The region took delivery of $1.3 billion worth of U.S.-made construction equipment. Construction machinery exports to Canada improved 22 per cent in 2006 and totalled $5 billion.
The two world regions showing overall declines for machinery export were Asia and Europe. Exports to Asia dropped 11 per cent in 2006 and totaled $1.5 billion while exports to Europe were 12 per cent lower than the previous year, for a total of $1.85 billion.
DCN NEWS SERVICES
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