US construction equipment exports down -17.3%

By Chris Sleight08 September 2014

Changes in exports of US-made construction equipment in the first half of 2014.

Changes in exports of US-made construction equipment in the first half of 2014.

Exports of US-made construction equipment were down -17.3% in the first half of 2014 compared with the same period last year. The value of exports for the first six months of 2014 was US$ 8.93 billion, compared to US$ 10.8 billion for the first-half 2013, according to the US-based Association of Equipment Manufacturers (AEM), citing US Department of Commerce data.

Africa was the only region where US exports grew, with a +4.3% increase. Australia /Oceania recorded the steepest decline, -38.6%, followed by South America with a -33.1% drop. Exports to Europe were down -25.4%, Canada dropped -4.6%, Asia -13.9% and, Central America -23.7.

In terms of the most significant countries, total exports in the first half of the year and changes over the same period last year came in at:

Position

Country

Value

Change on H1 2013

1

Canada

US$ 3.51 billion

-4.6%

2

Mexico

US$ 770 million

-24.6%

3

Australia

US$ 425 million

-40.6%

4

South Africa

US$ 401 million

-26.7%

5

Brazil

US$ 358 million

-30.1%

6

Chile

US$ 300 million

-37.0%

7

Peru

US$ 279 million

-15.1%

8

Belgium

US$ 210 million

-36.3%

9

Saudi Arabia

US$ 206 million

-43.1%

10

China

US$ 190 million

-21.8%

11

Russia

US$ 172 million

-36%

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