Agricultural Equipment is produced in the United States by a robust and highly successful manufacturing industry, with total domestic and foreign sales of $38.9 billion in 2013. U.S. exports were worth $11.1 billion in 2014. More than 1,000 U.S. manufacturers provide commercial producers of food, fiber, fuel crops, and livestock around the world with a wide range of high-technology agricultural equipment. Despite intense global competition and globally weak prices for commodities produced by many U.S. exporters’ customers, the United States enjoys a strong trade surplus in agricultural equipment. Export growth is driven by a global population that is expected to reach 9 billion by 2050, as well as expanding middle class populations in many emerging economies. Technologies to produce more food, in greater variety, more efficiently, while conserving scarce water and other resources will be in demand for the foreseeable future.
This report is part of the Top Markets Series. Each report ranks future export opportunities within a particular industry based on a sector-specific methodology.
Padraic Sweeney served as the lead author of this report. A note of thanks goes to Kit Rudd, Forrest Nielsen, and Andrew Moyseowicz for their helpful contributions and support.