Mixed fortunes for US machinery in the GCC
KSA construction machinery imports shrink but UAE leaps upwards
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.