Unlocking Global Trade Insights: AEM's Agriculture and Construction Equipment Global Trade Reports

Strategic Insights -

The Association of Equipment Manufacturers (AEM) has launched a new series of quarterly reports, providing AEM members with comprehensive insights into international trade dynamics related to agriculture and construction equipment. The reports offer timely and relevant data on trade statistics, including imports, exports, and trade balances for various product groups. AEM's Senior Director of Business Intelligence, Al Melhim, emphasizes the importance of these reports, stating that they provide clear, concise, and actionable information on recent market developments.

Key Takeaways:

  • The AEM reports utilize detailed trade data from the U.S. Census Bureau, analyzing imports, exports, and trade balances for agriculture and construction equipment product groups classified at the 6-digit level of the Harmonized System (HS) code.
  • The inaugural Agriculture Global Trade Report focuses on 10 specific categories of equipment, including agricultural machinery, cultivators, seeders, spreaders, and dairy machinery.
  • The newly launched Construction Equipment Global Trade Report covers 10 specific categories of equipment, including construction machinery, cranes, lifting frames, and lifting and handling machinery.
  • The reports offer essential trade statistics, including whole goods and components, to help inform operational decisions and assess the economic impact of trade policies.
  • AEM's Business Intelligence team, led by Senior Director Al Melhim, is responsible for developing and publishing these reports.
  • The reports are designed to provide actionable information, enabling AEM members to make informed decisions about their businesses.

Statistics:

  • The reports cover 10 specific categories of agriculture equipment and 10 categories of construction equipment.
  • The Agriculture Global Trade Report focuses on the following product groups:

+ Agricultural Machinery

+ Cultivators

+ Seeders and Planters

+ Spreaders and Distributors

+ Other Soil Preparation Equipment

+ Tractors

+ Mowers

+ Balers

+ Harvesters - Threshers

+ Dairy Machinery

+ Parts of Agricultural Equipment

  • The Construction Equipment Global Trade Report focuses on the following product groups:

+ Construction Machinery

+ Cranes and Lifting Frames

+ Lifting and Handling Machinery

Sources:

  • Association of Equipment Manufacturers (AEM)
  • U.S. Census Bureau