US exports down by a quarter last year
Exports of US-made construction equipment declined by 25% to US$20 billion in 2013
EXPORTS of US-made construction equipment fell by a quarter in 2013, compared with 2012, for a total US$20 billion shipped to global markets, according to the Association of Equipment Manufacturers (AEM).
Citing US Commerce Department data that AEM uses in the trend reports it produces for members, the Association said all world regions recorded declines.
AEM also noted that the 25% decline for 2013 followed three years of export growth (13% in 2012, 43% in 2011 and 28% in 2010), after a 2009 decline of 38% in the depths of the recession.
In 2013, exports to Europe declined 19% to US$2.6 billion, while exports to Canada fell 16% to US$6.8 billion. Exports to Asia decreased 33% to $2.1 billion.
Exports to Central America dropped 2% to US$2.2 billion, while exports to South America declined 22% to $3.6 billion.
Australia/Oceania’s export purchases decreased 66% to US$1.3 billion, while exports to Africa dropped 13% to US$1.3 billion.
The top 11 export destinations for American-made construction machinery in 2013 by US dollar volume were: (1) Canada – $6.8 billion, down 16%; (2) Mexico – $1.8 billion, down 1%; (3) Australia – $1.2 billion, down 68%; (4) Chile – $999 million, down 40%; (5) Brazil – $890 million, down 0.5%; (6) South Africa – $674 million, down 25%; (7) Peru – $638 million, down 18%; (8) Belgium – $617 million, down 24%; (9) Colombia – $562 million, up 1%; (10) Russia – $548 million, down 23%; and (11) China – $380 million, down 44%.
