Farm equipment exports for 2008 increase 26 percent

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MILWAUKEE, Wis. — U.S. exports of agricultural-related machinery totaled $10.4 billion in 2008, an increase of 26 percent compared to the previous year, according to the Association of Equipment Manufacturers.

Australia/Oceania led the way in percentage growth, followed by Canada, South America and Europe.

The Association of Equipment Manufacturers trade group consolidates U.S. Commerce Department data for off-road equipment with other sources into quarterly export trend reports.

Australia/Oceania

U.S. farm equipment exports to Australia/Oceania totaled $794 million, a 59 percent increase for 2008 and exports to Canada grew 31 percent in 2008, with purchases totaling $2.8 billion.

South America took delivery of $888 million worth of American-made agricultural equipment, a gain of 29 percent and exports to Europe increased 23 percent and totaled $4 billion.

Asia bought $793 million worth of U.S. agricultural machinery, a 12 percent increase, while Central America’s export purchases of $813 million represented a 13 percent increase.

Africa

Africa’s farm equipment export purchases were $299 million, a gain of 21 percent.

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