U.S. Construction Machinery Exports down 21% at midyear.
Press Release Summary:
According to AEM, U.S. construction machinery exports dropped 21% during first half of 2013, with $10.8 billion shipped to global markets compared to $13.7 billion at midyear 2012. Exports to Europe declined 20% for total of $1.4 billion, and dropped 15% to Canada for total of $3.7 billion. Exports to Asia decreased 24% to $1.2 billion. While exports to Central America gained 15% to $1.2 billion, exports to South America dropped 13% to $1.9 billion.
Original Press Release:
U.S. Construction Machinery Exports Down 21 Percent at Midyear 2013
U.S. construction machinery exports dropped 21 percent during the first half of 2013, with $10.8 billion shipped to global markets compared to $13.7 billion at midyear 2012, according to the Association of Equipment Manufacturers (AEM). The AEM off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into global trend reports for members.
Nearly all world regions recorded double-digit declines, except Central America with a double-digit gain.
For construction equipment exports for the first half of 2013, compared with midyear 2012:
Exports to Europe declined 20 percent for a total $1.4 billion, and dropped 15 percent to Canada for a total $3.7 billion.
Exports to Asia decreased 24 percent to $1.2 billion.
Exports to Central America gained 15 percent to $1.2 billion, with exports to South America dropping 13 percent to $1.9 billion.
Australia/Oceania’s export purchases decreased 62 percent to $750 million, while Africa took delivery of $654 million worth of construction equipment, a 20-percent drop.
The top countries buying the most U.S.-made construction machinery during the first half of 2013 were: (1) Canada - $3.7 billion, down 15 percent; (2) Mexico - $1 billion, up 18 percent; (3) Australia - $715 million, down 63 percent; (4) Brazil - $513 million, up 17 percent; (5) Chile - $475 million, down 38 percent; (6) Colombia - $333 million, up 13 percent; (7) Belgium - $330 million, down 18 percent; (8) Peru - $329 million, down 9 percent; (9) South Africa- $316 million, down 36 percent; (10) Russia - $269 million, down 34 percent; (11) China - $243 million, down 38 percent.Â
Media Inquiries: Pat Monroe (pmonroe@aem.org, tel: 414-298-4123)
