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U.S. Equipment Exports Slipped In 2013: AEM

Posted on February 26, 2014

Exports of U.S.-made construction equipment dropped 25% in 2013 compared to the previous year,  according to the Association of Equipment Manufacturers (AEM). The association said that total equipment shipped to global markets was $20 billion, citing U.S. Commerce Dept. data it uses in trend reports for members. All world regions recorded declines.   

AEM noted that the 25% decline for 2013 followed three years of export growth (13% in 2012, 43% in 2011 and 28% in 2010), which came after a fall of 38% in the depths of the recession.

Looking at specific regions:

- Exports to Europe declined 19% for a total $2.6 billion and fell 16% to Canada for a total $6.8 billion.

- Exports to Asia decreased 33% to $2.1 billion.

- Exports to Central America dropped 2% to $2.2 billion, with exports to South America declining 22% to $3.6 billion.

- Australia/Oceania’s export purchases decreased 66% to $1.3 billion, while exports to Africa fell 13% to $1.3 billion. 

The top export destinations for American-made construction machinery in 2013 by dollar volume were: Canada - $6.8 billion; Mexico - $1.8 billion, down 1%; Australia - $1.2 billion, down 68%; Chile - $999 million, down 40%; Brazil - $890 million, down 0.5%; South Africa - $674 million, down 25%; Peru - $638 million, down 18%; Belgium - $617 million, down 24%; Colombia- $562 million, up 1%; Russia - $548 million, down 23%; and China - $380 million, down 44%.

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