EXPORTS and TRADE As the globalization of mining has increased, the opening or expanding of mines in overseas locations has created more opportunities for marketing U.S. mining equipment in foreign countries. According to 2018 analysis by Freedonia Group, growth in industrializing countries like China and India is creating a global mining machinery market valued at more than $98 billion.
Mining Equipment Exports According to U.S. government data, more than $2 billion worth of U.S. mining and minerals processing equipment was shipped to overseas destinations in 2018. In addition, another $6.2 billion of construction machinery, including surface mining equipment, was shipped to foreign destinations in 2018. The table below shows in more detail the types of products mining machinery equipment suppliers shipped in 2016 (data latest available).
Shipments of Mining and Construction Machinery Product
Value (million $)
Mining and Mineral Processing Equipment — 2016
$3,185.7
Underground mining machinery (except parts)
$1,147.8
Mineral Processing and benefication machinery (except parts sold seperately)
$151.7
Crushing, pulverizing and screening (except parts sold seperately)
$450.1
Drills and other mining machinery (except parts sold seperately)
$198.8
Parts and attachments for mining machinery and equipment (sold seperately) Mining machinery and equipment, not specified by kind, total Construction Machinery — 2016
$1,035.6 $201.7 $24,010.4
Power cranes, excavation loaders, dozers, tractors, trucks, trailers, mixers, etc.
$17,383.5
Other construction machinery and equipment (excluding parts)
$3,526.0
Parts for construction machinery and equipment (sold seperately)
$2,428.6
Construction machinery, not specified by kind, total
$672.3
Department of Commerce, Bureau of the Census. Data latest available.
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