US Construction Machinery Exports Down 18.8 percent Year-on-year says AEM

By Admin
The latest report released by the Association of Equipment Manufacturers (AEM) reveals US construction machinery exports dropped 18.8 percent in Q1 2014...

The latest report released by the Association of Equipment Manufacturers (AEM) reveals US construction machinery exports dropped 18.8 percent in Q1 2014 compared to Q1 2013.

During the first quarter of this year, US construction machinery exports totalled $4.292 billion, down from $5.287 billion for the same period last year, representing an 18.8 percent drop, according to US Commerce Department data.

America was not alone however, in experiencing a considerable decline. Nearly all world regions recorded high single-digit or double-digit declines, with the exception of Africa, which experienced double-digit growth in exports, according to the AEM report.

The 10 countries who purchased the most US-made construction machinery during Q1 2014 were (in order): Canada, Mexico, South Africa, Australia, Chile, Brazil, Peru, Saudi Arabia, China and Belgium.

Exports to Australia/Oceania saw the biggest percentage decline, with a 41 percent fall year-on-year, to a total $232.5 million.

Share

Featured Articles

Top 10 sustainable construction startups

Construction Digital takes a look at 10 leading sustainable startups driving greener construction across the industry

How to lead a successful EDI migration process

Software developer Comarch, which has over 20 years of experience in data management, shares tips on the potentially challenging EDI migration process

Changing EDI provider & how to find the right one

How to find the right EDI provider for your business

Tinamu drone automation revolutionises inventory management

Digital Construction

COBOD's BOD2 3D printer used to build a school in Ukraine

Construction Projects

All you need to know about Saudi real estate developer ROSHN

Construction Projects