The 1100 Association of Equipment Manufacturers (AEM) U.S. say construction machinery exports dropped 21% during the first half of 2013, with US$10.8 billion shipped to global markets compared to $13.7 billion in H1 2012.
The AEM report that nearly all world regions recorded double-digit declines, except Central America with a double-digit gain.
Construction machinery exports to Europe in H1 2013, compared to H1 2012, declined 20% for a total $1.4 billion, with exports to Canada down 15% to a total value 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. In other key U.S. export markets, Australia/Oceania’s export purchases fell 62% to $750 million, while Africa took delivery of $654 million worth of construction equipment, down 20% on exports during the first half of 2012.
The five countries buying the most U.S.-made construction machinery during the first half of 2013 were: (1) Canada - $3.7 billion, down 1% (2) Mexico - $1 billion, up 18%; (3) Australia - $715 million, down 63%; (4) Brazil - $513 million, up 17%; and (5) Chile - $475 million, down 38%.
The AEM off-road equipment manufacturing trade group consolidates U.S. Commerce Department data with other sources into global trend reports for members.
The AEM report that nearly all world regions recorded double-digit declines, except Central America with a double-digit gain.
Construction machinery exports to Europe in H1 2013, compared to H1 2012, declined 20% for a total $1.4 billion, with exports to Canada down 15% to a total value 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. In other key U.S. export markets, Australia/Oceania’s export purchases fell 62% to $750 million, while Africa took delivery of $654 million worth of construction equipment, down 20% on exports during the first half of 2012.
The five countries buying the most U.S.-made construction machinery during the first half of 2013 were: (1) Canada - $3.7 billion, down 1% (2) Mexico - $1 billion, up 18%; (3) Australia - $715 million, down 63%; (4) Brazil - $513 million, up 17%; and (5) Chile - $475 million, down 38%.
The AEM off-road equipment manufacturing trade group consolidates U.S. Commerce Department data with other sources into global trend reports for members.
