U.S. Exports Up Significantly

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

The North American-based international trade group produces a quarterly global markets report for members that consolidates U.S. Commerce Department data.

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

Exports to Australia/Oceania grew the most during the first half of 2008, an increase of 94 percent as the region took delivery of $347 million dollars worth of U.S. farm equipment. Exports to South America rose 37 percent, to total $406 million, while Central America purchased $398 million worth of American-made farm machinery, a gain of 8 percent.

Agricultural equipment exports to Europe rose 30 percent for January-June 2008 compared to a year earlier to total $2.6 billion, and exports to Canada were $1.55 billion, an increase of 35 percent. Exports to Asia increased 6 percent to total $398 million, and exports to Africa of U.S.-made farm equipment grew 29 percent and totaled $141 million.

"U.S. exports of farm machinery have been on the upswing for the past several years, and these numbers demonstrate the important and continuing role of exports in maintaining a vital agricultural equipment manufacturing industry," says AEM Vice President Agricultural Services Charlie O’Brien.

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

Leave a Reply

Latest News
Soybean field
FungicidesFour Arysta Fungicide Formulations Given FIFRA Approval…
February 8, 2016
Arysta LifeScience North America recently announced the issuance of Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) Section 2(ee) Recommendations for Read More
FungicidesAgri-Fos Systemic Fungicide Plus Receives EPA Registrat…
February 8, 2016
Vivid Life Sciences has announced the EPA registration of Agri-Fos Systemic Fungicide Plus, a highly concentrated active ingredient phosphite fungicide, Read More
Crop InputsBayer Contests EPA’s Decision On Valuable Insecticide F…
February 5, 2016
Crop Science, a division of Bayer, has announced it has refused a request by the Environmental Protection Agency (EPA) to Read More
Wheat Field North Dakota
Seed/BiotechSyngenta Wins Seed Fraud Suit Against South Dakota Grow…
February 5, 2016
Syngenta has obtained a $25,000 settlement from Paul and John Mayclin, Mayclin Farms, Plankinton, SD, in response to their Plant Read More
ManagementOABA Annual Conference Wraps Up In Columbus
February 5, 2016
More than 300 Ohio AgriBusiness Association (OABA) members and industry professionals were on hand to engage in collaborative learning and Read More
Crop InputsBayer To Contest EPA Flubendiamide Decision
February 5, 2016
Crop Science, a division of Bayer, announced today it has refused a request by EPA to voluntarily cancel the uses Read More
Syngenta
Seed/BiotechNot So Fast: ChemChina Syngenta Takeover Could Draw Nat…
February 5, 2016
State-owned China National Chemical Corp. (ChemChina), which plans to buy Swiss seeds and pesticide maker Syngenta, will promptly start preparations Read More
Rendering of Syngenta Seedcare Institute expansion
Seed/BiotechExpansion Of Syngenta’s North America Seedcare In…
February 4, 2016
As demand for seed treatment knowledge and products grows among farmers, retailers and others in the seed industry, Syngenta is Read More
Soybean Field
Industry NewsArysta LifeScience Strengthens Sales Team
February 4, 2016
Arysta LifeScience North America recently announced three new personnel additions: Jake Cook and Peter White are Territory Sales Managers for Read More
Davor Pisk Syngenta COO
Crop InputsSyngenta COO: Why ChemChina Offer Beat Monsanto’s
February 4, 2016
Syngenta Chief Operating Officer Davor Pisk says he is confident the proposed acquisition by ChemChina will ultimately help preserve choice Read More
Young corn plants in soil
Crop InputsKoch Biological Solutions Invests In Pathway Biologic
February 4, 2016
An affiliate of Koch Biological Solutions, LLC has acquired a minority equity position in, and entered into collaboration with, Pathway Read More
Crop InputsABG: China Signs Off On Monsanto’s Roundup Ready …
February 3, 2016
Monsanto Co. on Wednesday announced it plans to launch its Roundup Ready 2 Xtend soybeans in time for the 2016 Read More
Syngenta headquarters in Basel, Switzerland
Crop Inputs6 Things To Know About The ChemChina-Syngenta Deal
February 3, 2016
After months of rumors and speculation, Syngenta has announced that ChemChina has offered to acquire the Swiss-based company. “In making Read More
FertilizerPhosphorus: Is Band Or Broadcast Application The Better…
February 3, 2016
Is band or broadcast application the better method when it comes to phosphorus? The answer to this question depends mostly Read More
Syngenta Sign
Crop InputsChemChina Nearing Deal To Buy Syngenta For Record $43 B…
February 3, 2016
China National Chemical Corp. is nearing an agreement to buy Swiss pesticide-and-seeds-maker Syngenta AG for about 43.7 billion francs ($42.8 Read More
Herbicides2015 ASA Trials Demonstrate Valent Fierce XLT Herbicide…
February 2, 2016
Valent U.S.A. today announced that new Fierce XLT Soybean Herbicide ranks in the top tier among growers for length of Read More
Crop Protection Products in storage
Paul SchrimpfCrop Input Selling: Return Of The Price List
February 2, 2016
It was a good 15 years ago, shortly after I first started writing for this esteemed publication, that it all Read More
Potash storage at Growmark
FertilizerThe Phosphate And Potash Outlook For 2016
February 2, 2016
Like other commodities, prices of the leading plant nutrient products dropped sharply in 2015. At this writing, the price of Read More