Mixed fortunes for US machinery in the GCC

KSA construction machinery imports shrink but UAE leaps upwards

US giant Caterpillar Q1 sparkling results show it has continued where it left off in 2011
US giant Caterpillar Q1 sparkling results show it has continued where it left off in 2011

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US construction machinery imports to the UAE leapt up by 38% in 2010. Conversely US exports fell by 34% to Saudi Arabia.

Despite the decline The Kingdom has maintained its position ahead of the UAE in the list of top countries.

The total market for exports of US-made construction machinery closed out 2010 with a gain of more than 28% compared to the previous year, for a total of $16.4 billion.

"Global trade is extremely important to our industry and export sales continue to sustain many companies as we still face a fragile domestic upturn," stated AEM Senior Vice President Al Cervero. "While these numbers are positive we have to remember they follow a 2009 decline of more than 38%.

The list itself is headed by Canada which at $5.1 billion is someway ahead of second placed Australia on $1.5 billion.

Saudi Arabia ranked 13th on the list with $227 million and the UAE jumped over Germany into 14th with $197 million.

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