Exports of U.S.-made construction equipment grew 24% and totaled $13.7 billion for the first half of 2012 compared to January-June 2011, according to the Association of Equipment Manufacturers (AEM). The off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into member global trend reports.
"Construction machinery manufacturers still look to international markets for business growth, even with increased uncertainty in some regions. With domestic construction still subpar, continued export growth has been critical for U.S. equipment manufacturers to keep their factories operating and American workers employed," stated Al Cervero, AEM vice president and construction sector leader.
Cervero pointed to AEM's longtime support of export-friendly policies as a proven way to sustain and expand American jobs, and its I Make America national grassroots campaign has advanced this message.
AEM and the campaign have also spotlighted the proven job-creation benefits from rebuilding and modernizing America's infrastructure, working with industry allies to help secure passage of a surface transportation bill in late June; they continue to advocate comprehensive infrastructure investment that includes a long-term strategic vision and a sustainable funding mechanism.