U.S. Farm Machinery Exports Up 10%

Exports of U.S.-made farm machinery came in at $7.3 billion in 2006.

Published on: Apr 4, 2007

Led by gains in Asian markets, U.S.-made farm machinery exports went up more than 10% in 2006, according to the Association of Equipment Manufacturers. The fifth consecutive year of U.S. ag equipment export gains - including a 15% gain in 2005 - brought the value of the exports up to $7.3 billion in 2006.

Exports to Asia were up 28% at $684 million, followed by an 18% increase in South America ($471 million total), and a 17.5% boost in Central America ($726 million total). U.S. exports to Europe in 2006 gained 14% to total $2.64 billion, while Canada's purchases of $1.97 billion represented a 2% increase for 2006. Exports of U.S. farm machinery to Africa grew 15% in 2006 and totaled $193 million.

Australia/Oceania was the only world region showing a decrease in U.S. farm machinery purchases for 2006, with $589.5 million representing a decline of almost 8%.

The top 10 countries in terms of purchases of U.S.-made farm equipment in 2006 were:
1) Canada - $1.97 billion
2) Mexico - $558 million
3) Australia - $530 million
4) Germany - $412 million
5) France - $359 million
6) United Kingdom - $272 million
7) Belgium - $253 million
8) China - $194 million
9) Netherlands - $194 million
10) Russia - $175 million