US construction machinery exports fall
Latest AEM figures report double-digit declines across all regions of the world except Central America
US construction machinery exports dropped 21% during the first half of 2013, with US$10.8 billion shipped to global markets compared to UK$13.7 billion at mid-year 2012, according to the off-road equipment manufacturing trade group of the Association of Equipment Manufacturers (AEM).
Nearly all world regions recorded double-digit declines, except Central America which saw a double-digit gain.
For construction equipment exports for the first half of 2013, compared with mid-year 2012:
- Exports to Europe declined by 20% to $1.4 billion;
- Exports to Canada dropped by 15% to $3.7 billion;
- Exports to Asia decreased by 24% to $1.2 billion;
- Exports to Central America increased by 15% to $1.2 billion;
- Exports to South America dropped by 13% to $1.9 billion;
- Exports to Australia/Oceania decreased by 62% to $750 million;
- Exports to Africa dropped by 20% to $654 million.
The top 11 countries buying the most US-made construction machinery during the first half of 2013 were: (1) Canada – $3.7 billion, down 15%; (2) Mexico – $1 billion, up 18%; (3) Australia – $715 million, down 63%; (4) Brazil – $513 million, up 17%; (5) Chile – $475 million, down 38%; (6) Colombia – $333 million, up 13%; (7) Belgium – $330 million, down 18%; (8) Peru – $329 million, down 9%; (9) South Africa – $316 million, down 36%; (10) Russia – $269 million, down 34%; and (11) China – $243 million, down 38%.
