Machinery & Equipment

Machinery manufacturing remains among the most competitive sectors of the manufacturing economy. Construction machinery, engine equipment, agricultural equipment, industrial process controls and turbines continue to lead the export category. High-value services such as specialized architecture, engineering and logistics accompany sales in the sector, with a broad reach and impact on the economy as a whole.

Key challenges are faced in foreign markets, including trade barriers based on import substitution policies and local content requirements. Additionally, access to capital remains challenging in 2019 despite high private sector profits.