Trading Options Lab

equipment

  South Korea happened in the U.S. heavy equipment sales fiery situation. Excavators, bulldozers and other construction equipment exports to the U.S. in April has reached 1.04 million U.S. dollars, compared with the same period last year increased by 81%. The data has reached the year 2003, exports (151 million U.S. dollars) 70% to the current pace can break the record. Forklift and other handling equipment, especially the United States exports in April reached 026 million U.S. dollars, compared with the same period last year grew 54%.

    Korea Trade-Investment Promotion Agency (KOTRA) Chicago Board of Trade Center’s report on that: With the U.S. economic recovery and heavy equipment in South Korea’s power, increase brand awareness, South Korea’s heavy equipment has a high popularity in the United States .

    According to the U.S. import statistics: Construction Equipment (HSCode reference 8429) area, close to South Korea’s exports to the U.S. in March compared to last year increased by 133.6%, in the competitors to reach the highest level. Handling equipment (HSCode base 8427) are compared with the same period last year increased 98.6%.

    South Korea’s exports to the U.S. growth of reasons: as the U.S. domestic economy recovers, the U.S. business investment in equipment to restore the psychological. Meanwhile, the U.S. economic recovery required 2 to 3 years, the aging of long-term stagnation of the construction equipment replacement.

    Pointed out that the U.S. economy: impact of the largest U.S. construction equipment market is the U.S. macroeconomic factors. U.S. macroeconomic recovery or a direct impact on construction equipment in the second half and next year’s business.

    Meanwhile, South Korea to the U.S. aggressive marketing campaign has achieved gratifying results. South Korea to expand exports to the U.S. have set up “training center” to provide customers with better service increased investment.