LONDON: The Agricultural Engineers Association (AEA) has released May’s agricultural machinery sales figures, showing a 4.1 per cent increase.
UK registrations of agricultural tractors (over 50hp) remained ahead of last year for the month of May, showing a marginally smaller year-on-year increase than April at 4.1%. Every month of the year to this point has seen a rise, and the five month total is in fact up 16.7% at 5,104 units. Tractor sales in the UK have began to improve in the first half of 2017, after a period of relative decline. Meanwhile, AEA says UK exports of agricultural and outdoor power products rose by 3.1% in 2016 to £1.76 billion.
The EU remains the UK’s key trading partner taking 62% of all exports, up from 60% in 2015. Other European destinations accounted for a further 7%, while North America’s share of exports declined to 17%.
