US equipment exports fell -25% in 2013
26 February 2014
Exports of US-made construction equipment fell -25% in 2013 to US$ 20 billion, according to the US-based Association of Equipment Manufacturers (AEM). The decline, which was seen across all regions of the world, followed three years of growth in overseas sales - +13% in 2012, +43% in 2011 and +28% in 2010.
The steepest fall was in exports to Australia/Oceania, where sales of US-made equipment fell -66% to US$ 2.1 billion. The biggest export market for US equipment makers, Canada, was down -16% to US$ 6.8 billion.
Elsewhere, exports to South America were down -22% to US$ 3.6 billion, Central America was down -2% to US$ 2.2 billion, Europe was down -19% to US$ 2.6 billion and Asia was down -33% to US$ 2.1 billion.
The leading destinations for US-made construction equipment last year were:
- Canada, US$ 6.8 billion, down -16%
- Mexico, US$ 1,8 billion, down -1%
- Australia, US$ 1.2 billion, down -68%
- Chile, US$ 999 million, down -40%
- Brazil, US$ 890 million, down -1.5%
- South Africa, US$ 674 million, down -25%
- Peru, US$ 638 million, down -18%
- Belgium, US$ 617 million, down -24%
- Colombia, US$ 562 million, up +1%
- Russia, US$ 548 million, down -23%
