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U.S. construction machinery exports decline


September 5, 2014
By Rock to Road

September 5, 2014, Milwaukee, Wis. – 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.

September 5, 2014, Milwaukee, Wis. – 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 per cent increase. Canada saw the small decline in sales percentage, dropping 4.6 per cent to total $3.51 billion.

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Australia /Oceania recorded the steepest decline, at 38.6
per cent, followed by South America with a 33.1-per cent drop.

 

At midyear 2014, exports of construction machinery to Europe
declined 25.4 per cent compared to first-half 2013, for a total $1.02 billion.

 

Exports to Asia declined 13.9 per cent to $1.04 billion for
the first half of 2014. Mid-year exports to Central America decreased 23.7
per cent to $949.3 million, and exports to South America declined 33.1 per cent
to $1.28 billion.

 

Australia/Oceania’s construction equipment export purchases
decreased 38.6 per cent for a total $460.7 million, while Africa took delivery
of $682.1 million worth of construction equipment, a gain of 4.3 per cent.

 

The top countries buying the most U.S.-made construction
machinery during the first half of 2014 were: (1) Canada – $3.51 billion, down
4.6 percent; (2) Mexico – $770.4 million, down 24.6 percent; (3) Australia –
$424.7 million, down 40.6 percent; (4) South Africa – $400.5 million, down 26.7
percent; (5) Brazil – $358.3 million, down 30.1 percent; (6) Chile – $299.8
million, down 37 percent; (7) Peru – $279.4 million, down 15.1 percent; (8)
Belgium – $210.4 million, down 36.3 percent; (9) Saudi Arabia – $206.2 million,
down 43.1 percent; (10) China – $189.8 million, down 21.8 percent; (11) Russia
– $172.1 million, down 36 percent.