A record number of
international visitors at CONEXPO-CON/AGG could act as the catalyst to boost
worldwide machinery sales.
Al Cervero, senior vice
president of the Association of Equipment Manufacturers (AEM), confirmed, “Our
international attendees this year have exceeded our record year of 2008.”
And Megan Tanel, AEM vice
president of exhibitions and events, added that among the international
attendance there is a spike in visitors from south and central Latin America.
With signs of economic
recovery in the construction equipment business in many areas, the event offers
Cervero said: “A lot of
countries are developing their infrastructure, minerals and energy sectors and
with this comes productive opportunities for the construction equipment
“In this kind of economy we
are thrilled to have a gathering place to be able to conduct more of this
The feelgood factor follows
hard on the heels of a big improvement in the market for exports of US-made construction
machinery, which closed out 2010 with a gain of more than 28% compared to the
previous year, for a total of $16.4 billion dollars’ worth of equipment sold
trade is extremely important to our industry and export sales continue to
sustain many companies as we still face a fragile domestic upturn. While these
numbers are positive, we have to remember they follow a 2009 decline of more
than 38%,” said Cervero.
AEM consolidates US Commerce Department data with other sources into a
quarterly export trends report to arrive at the figures, which show that
construction machinery exports to Canada gained 39% and totaled $5.1 billion to
lead the export market.
business to Europe gained 23% for a total US$1.88 billion, and exports to Asia
grew 10%, totaling $2.2 billion.
machinery exports to South America increased 31% in 2010 for a total $3.1
billion; and exports to Central America came in at $1.6 billion, a 24%
largest gain was to Australia/Oceania with a 66% increase for a total $1.6
only decline was to Africa with a 5% drop for $934 million worth of purchases.
the domestic market is much reduced from its typical volumes, and certainly in
the US it is, the US companies become more aggressive and get out there and try
to do business in other parts of the world,” said Cervero.
would think this goes for any of the manufacturing companies. The developed
market companies should look for opportunities and developing markets continue
to improve and utilize their materials to put their economies a step ahead.”