Exports of construction equipment increase in 2004.* The market for exports of U.S.-made construction machinery closed 2004 with a total of $8.9 billion worth of equipment sold worldwide--a 30 percent increase from the previous year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Association of Equipment Manufacturers (AEM AEM Applied and Environmental Microbiology (journal) AEM Association of Equipment Manufacturers AEM Academic Emergency Medicine (journal) AEM Agnico-Eagle Mines Limited AEM Advanced Engine Management ). All world regions showed double-digit dou·ble-dig·it adj. Being between 10 and 99 percent: double-digit inflation. increases, according to the AEM, which consolidates data from the U.S. Commerce Department with information from other sources for its quarterly export trends report. Exports to Australia/Oceania led the way in 2004 by taking in $784.5 million in U.S.-made construction equipment, a 63 percent gain. Exports to South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. increased nearly 60 percent with $1.1 million in purchases. Asia ranked third in growth with exports to that region totaling $1.3 billion, an increase of 35 percent. Equipment exports to Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. increased 21 percent and totaled $801 million, while exports to Africa made a 24 percent gain with purchases worth $355 million. Europe Europe (y r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). bought $1.55 billion worth of American-made construction equipment, a 17 percent gain for 2004; and exports to Canada increased to $3 billion for a 23 percent gain. According to the AEM report, the 10 countries that bought the most U.S.-made construction machinery in 2004 are: Canada--$3 billion Austrailia--$747 million Mexico--$626 million Belgium--$408 million Chile--$363 million China--$262 million Brazil--$260 million Germany--$225 million Singapore--$224 million United Kingdom--$174 million |
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