U.S. CE Exports Down 21% In First Half, AEM Reports
U.S. construction machinery exports fell 21% during the first half of 2013, according to a report from the Association of Equipment Manufacturers (AEM). The organization consolidates U.S. Commerce Dept. data with other sources into global trend reports for its members.
In the first six months of this year, U.S. manufacturers shipped $10.8 billion in equipment to global markets compared to $13.7 billion at midyear 2012. Nearly all world regions recorded double-digit declines, AEM said, save Central America which saw a double-digit gain.
Exports to Europe in the period declined 20% for a total $1.4 billion and dropped 15% to Canada for a total of $3.7 billion. Exports to Asia decreased 24% to $1.2 billion, while shipments to Australia/Oceania’s decreased 62% to $750 million. Africa took delivery of $654 million worth of construction equipment, a 20% drop.
Central America, led by Mexico, was a rare bright spot, gaining 15% to $1.2 billion, while exports to South America dropped 13% to $1.9 billion.
The countries buying the most U.S.-made construction machinery during the first half of 2013 were: Canada - $3.7 billion, down 15%; Mexico - $1 billion, up 18%; Australia - $715 million, down 63%; Brazil - $513 million, up 17%; Chile - $475 million, down 38%; Colombia - $333 million, up 13%; Belgium - $330 million, down 18%; Peru - $329 million, down 9%; South Africa- $316 million, down 36%; Russia - $269 million, down 34%; China - $243 million, down 38%.Edit Module