Agriculture Industry Municipal/Domestic Source: Bank of America Merrill Lynch, The Global Water Sector, September 28, 2011.
ASIAN AND LATIN AMERICAN MARKETS ARE DRIVING U.S. EXPORT GROWTH
The United States is one of the leading global exporters of water filtration and purification equipment, with $1.8 billion in equipment and parts exports in 2011. During the recession, equipment exports fell more than exports of parts, but both subsequently recovered and surpassed prerecession levels. The U.S. trade surplus was $548 million in 2011, and U.S. exports were about 17% of global exports of water filtration and purification equipment (excluding parts). Asia and Latin America driving export growth: The value of U.S. exports to Asia rose 30% during 2007–11, with four countries—Korea, China, Japan, and India—accounting for most of the growth in exports to the region. China is the largest U.S. export destination in Asia. China’s membrane, filtration, and disinfection equipment market was about $1.1 billion in 2010, and U.S. exports of water filtration and purification equipment to China totaled $204 million in 2011. U.S. exports to Latin America rose by 75% during 2007–11. Mexico and Chile accounted for the biggest increases in U.S. exports. Demand in Mexico, the region’s largest U.S. export destination, is rising and U.S. producers are strongly positioned in the market. The Chilean market is growing due to factors such as the expansion of mining. Chile has significant demand for advanced treatment technologies, which are commonly produced in the United States.
U.S. industry competitively positioned: U.S. exporters include small firms and diversified multinationals that export products ranging from small residential filtration systems to high-end technologies.
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