Monday, August 23, 2010

Trade News

Midyear U.S. agricultural equipment exports up 4 percent compared to 2009
Washington--Exports of U.S. agricultural equipment have increased each quarter of 2010, with midyear shipments totaling $4.9 billion, a gain of 4 percent compared to January-June 2009, according to the Association of Equipment Manufacturers (AEM). The AEM off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into global trend reports for members.

“Over the past decade, exports have become a very significant source of business growth for many agricultural equipment manufacturers, and these positive numbers are welcome after the double-digit declines the industry experienced last year,” stated Charlie O’Brien, AEM vice president, agricultural sector. “However, while some economies are rebounding faster than the United States, there is still uncertainty in some regions.”

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