US construction equipment exports down -17.3%
08 September 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% |