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This statistic highlights Deere & Co’s Revenue by Region, split across US and Canada, and Other countries, reported on a yearly basis, from 2013 onwards.
|Region||2019||2020||2021||Contribution in 2021|
|US & Canada||$23.75||$21.38||$25.82||58.65%|
(All figures in billions, except percentages)
The total revenue of Deere & Co. decreased from $39.25 billion in 2019 to $35.54 billion in 2020, which was a decrease of 9.45%. Fortunately, it increased to $44.02 billion in 2021, from $35.54 billion in 2021, which was an increase of around 23.86%. Between the two years of 2019 and 2021, the revenue witnessed an increment of 12.15%, from $39.25 billion in 2019 to $44.02 billion in 2021.
The company earned its maximum revenue from US & Canada, amounting to $25.82 billion, accounting for 58.65% of the total revenue in 2021. Lastly, the company earned the rest of its revenue from other countries, contributing 41.32% to the total revenue in 2021, equalling to $18.19 billion in the year 2021.
Deere & Co’s total revenue can be further bifurcated into the different regions as follows:
U.S & Canada
Large and mid-size tractors, combines, cotton pickers, sugarcane harvesters and loaders, and soil preparation, seeding, application, crop care equipment, crawler dozers & loaders, four-wheel-drive loaders, excavators, skid-steer loaders, milling machines, and log harvesters are among some of the company’s principal products in U.S & Canada.
The revenue from these countries has decreased from $23.75 billion in 2019 to $21.38 billion in 2020, which was a decrease of 9.97%. Fortunately, the revenue increased in the year 2021 to $25.82 billion, which was an increase of 20.76%. Between the two years of 2019 and 2021, the revenue witnessed an increment of 8.7%, from $23.75 billion in 2019 to $25.82 billion in 2021. The company earned its maximum revenue from U.S & Canada, amounting to $25.82 billion, having 58.65% share in revenue in the year 2021.
Other countries that contribute to the revenue of Deere & Co are Argentina, Australia, Brazil, China, India, Mexico, New Zealand, Russia, Thailand, and several other countries in Africa, Asia, Europe, and Latin America. The products remain almost the same as in the U.S and Canada.
The revenue from these countries decreased from $15.51 billion in 2019 to $14.15 billion in 2020, which was a decrease of around 8.76%. Fortunately, the revenue increased in the year 2021 to $18.19 billion which was an increase of 28.15%. Between the two years of 2019 and 2021, the revenue witnessed an increment of 17.28%, from $15.51 billion in 2019 to $18.19 billion in 2021. The company earned a revenue of $18.19 billion from other countries, accounting for 41.32% of the total revenue in the year 2021.
Deere & Company is an American firm that makes heavy agricultural, and forestry machinery, as well as diesel engines, heavy equipment drivetrains (axles, transmissions, and gearboxes), and lawn care equipment. It was placed 87th in the Fortune 500 Americas rating and 329th in the worldwide ranking in 2019. Financial services and other associated operations are also provided by the organization. The common stock of Deere & Co are listed on the New York Stock Exchange (NYSE) under the ticker DE.
COVID is caused by a virus that was discovered in late 2019 and has since spread over the world (COVID pandemic). As a result of the epidemic, governments and other authorities have implemented a variety of measures to try to limit the virus, including travel bans and restrictions, quarantines, shelter-in-place orders, and business closures. These actions have had an impact on John Deere’s personnel and operations, as well as the operations of customers, dealers, and suppliers, and may continue to do so. Although some restrictions connected to the COVID epidemic have relaxed, there is still concern about these and potential future restrictions.
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* Billed annually, local taxes extra.
* Local taxes extra.