AEM highlights drop in US equipment exports

The US-based Association of Equipment Manufacturers (AEM) has revealed data showing that exports of construction equipment dropped 25% in 2013 compared to the previous year. The exports of machines were worth some US$$20 billion in all. The data comes from the US Commerce Department and is being highlighted in the AEM’s trend reports. According to the information, all world regions recorded declines in imports of construction machines.
February 27, 2014 Read time: 2 mins
The US-based 1100 Association of Equipment Manufacturers (AEM) has revealed data showing that exports of construction equipment dropped 25% in 2013 compared to the previous year. The exports of machines were worth some US$$20 billion in all. The data comes from the US Commerce Department and is being highlighted in the AEM’s trend reports. According to the information, all world regions recorded declines in imports of construction machines.  

The AEM noted that the 25% decline for 2013 follows three years of export growth (13% in 2012, 43% in 2011 and 28% in 2010), after a 2009 decline of 38% in the depths of the recession. Exports to Europe declined 19% for a Total $2.6 billion, and dropped 16% to Canada for a Total $6.8 billion, while exports to Asia decreased 33% to $2.1 billion. Exports to Central America dropped 2% to $2.2 billion, with exports to South America declining 22% to $3.6 billion. Australia/Oceania’s export purchases decreased 66% to $1.3 billion, while exports to Africa dropped 13% to $1.3 billion. The top export destinations for American-made construction machinery in 2013 by dollar volume were Canada - $6.8 billion, down 16%, followed by Mexico - $1.8 billion, down 1%, Australia - $1.2 billion, down 68% and Chile - $999 million, down 40%.
www.aem.org

For more information on companies in this article

Related Content

  • Italian construction equipment sales inch upwards, Unacea reports
    April 30, 2015
    In the first quarter of 2015, sales of construction equipment in the Italian market reached 1,605 units, a rise of 19% year on year. Sales of earthmoving machines were up 16% to 1,556 units and road machine sales jumped nearly 400% to 49 units. Paolo Venturi, president of Unacea, the Italian Construction Equipment Association, said the first quarter figures look promising and continue an upward trend that started last year. But there is still a long way to go because there has been an 80% loss of sales in
    Read More
  • China looks to the future with major highway plans
    February 15, 2012
    China is still moving ahead with plans that will give it the world's biggest highway system. Patrick Smith reports. As China's economy grows even more, keeping the country on the move has become a priority for the government. While the country has made great strides over the past decade in improving its infrastructure, the number of vehicles has also increased rapidly, and in some instances restrictions have been placed on them.
    Read More
  • Volvo CE sees sluggish growth for Q1
    April 25, 2022
    Volvo CE is experiencing sluggish growth for Q1, 2022.
    Read More
  • UK machine parts exports and imports
    March 1, 2017
    The Construction Equipment Association (CEA) reports improvements in UK exports and imports of components and parts for construction and earthmoving machines. According to the CEA report, exports of components and parts showed modest improvements in the fourth quarter of 2016 compared with the third quarter,. This shows a 1.5% increase in weight (tonnes) terms, and an 11.3% increase in value terms.
    Read More

Highlighted Content