U.S. construction machinery exports decline midyear 2014

By |  September 8, 2014

Compared with midyear 2013, U.S. construction machinery exports dropped 17.3 percent during the first half of 2014. According to the Association of Equipment Manufacturers (AEM), citing U.S. Department of Commerce data, $8.93 billion in exports were shipped to global markets compared to $10.8 billion in the first half of 2013.

Africa was the only world area in the plus column, with a 4.3 percent increase, while Australia/ Oceania recorded the steepest declines, at 38.6 percent, followed by South America with a 33.1 percent drop.

At midyear 2014, exports of construction machinery to Europe and Canada both declined compared to the first half 2013, 25.4 percent and 4.6 percent, respectively. Exports to Asia declined 13.9 percent, exports to Central America decreased 23.7 percent and exports to South America declined 33.1 percent.

Australia/ Oceania’s construction equipment export purchases decreased 38.6 percent, while Africa’s increased 4.3 percent.

The top countries buying the most U.S.-made construction machinery during the first half of 2014 were Canada, Mexico, Australia, South Africa, Brazil, Chile, Peru, Belgium, Saudi Arabia, China and Russia.

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About the Author:

Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.

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