Construction machinery exports post sharp drop in first quarter

Africa was the only region showing growth in U.S. machinery imports for the quarter.

June 15, 2014
CDR Staff
Equipment & Products

The Association of Equipment Manufacturers, citing U.S. Department of Commerce data, has reported that the total export of U.S. construction machinery for the first quarter of 2014 totaled $4.292 billion, compared to $5.287 billion during the first quarter of 2013 – a drop of 18.8 percent.

The AEM off-road equipment manufacturing trade group produces global trends reports using Commerce Department information.

Nearly all world regions recorded high single-digit or double-digit declines except Africa, which experienced a double-digit growth in imports of U.S. machines. Saudi Arabia also increased its purchases by more than 30 percent.

The countries buying the most U.S.-made construction machinery during the first quarter of 2014 were:

  1. Canada, $1.577 billion, down 8.5 percent from 2013;
  2. Mexico, $369.9 million, down 27.2 percent
  3. South Africa, $241.5 million, up 103.8 percent
  4. Australia, $217.1 million, down 42.4 percent
  5. Chile, $197.1 million, down 19.1 percent
  6. Brazil, $159.9 million, down 48.1 percent
  7. Peru, $147.1 million, down 24.2 percent
  8. Saudi Arabia, $113 million, up 32.2 percent
  9. China, $107.2 million, down 11.3 percent; and
  10. Belgium, $98.1 million, down 45.5 percent.