U.S. construction machinery exports dropped 17.3 percent during the first half of 2014 compared with midyear 2013. $8.93 billion in exports were shipped to global markets compared to $10.8 billion for first-half 2013, according to the Association of Equipment Manufacturers (AEM), citing U.S. Department of Commerce data.
Africa was the only world area in the plus column, with a 4.3 percent increase. Australia /Oceania recorded the steepest decline, at 38.6 percent, followed by South America with a 33.1-percent drop.
At midyear 2014, exports of construction machinery to Europe declined 25.4 percent compared to first-half 2013, for a total $1.02 billion, and exports to Canada dropped 4.6 percent to total $3.51 billion.
Exports to Asia declined 13.9 percent to $1.04 billion for the first half of 2014. Mid-year exports to Central America decreased 23.7 percent to $949.3 million, and exports to South America declined 33.1 percent to $1.28 billion.
Australia/Oceania’s construction equipment export purchases decreased 38.6 percent for a total $460.7 million, while Africa took delivery of $682.1 million worth of construction equipment, a gain of 4.3 percent.
The top countries buying the most U.S.-made construction machinery during the first half of 2014 were:
- Canada - $3.51 billion, down 4.6 percent
- Mexico - $770.4 million, down 24.6 percent
- Australia - $424.7 million, down 40.6 percent
- South Africa - $400.5 million, down 26.7 percent
- Brazil - $358.3 million, down 30.1 percent
- Chile - $299.8 million, down 37 percent
- Peru - $279.4 million, down 15.1 percent
- Belgium - $210.4 million, down 36.3 percent
- Saudi Arabia - $206.2 million, down 43.1 percent
- China - $189.8 million, down 21.8 percent
- Russia - $172.1 million, down 36 percent
The AEM off-road equipment manufacturing trade group produces global trends reports using U.S. Commerce Dept. information to assist members’ business planning.