U.S.-made construction equipment exports fall 25% in 2013, Canada the top destination
| February 26, 2014 |
A total of $20 billion worth of equipment was shipped from the U.S. to global markets, according to analysis of Commerce Department data by the Association of Equipment Manufacturers.
Exports to all global regions saw declines, according to AEM. Exports to Australia/Oceania saw the biggest decline, falling 66 percent to $1.3 billion.
Next were exports to Asia which fell 33 percent to $2.1 billion. Exports to South America fell 22 percent to $3.6 billion. Exports to Europe fell 19 percent to $2.6 billion, while those to Canada decreased 16 percent to $6.8 billion. Exports to Africa fell 13 percent to $1.3 billion and those to Central America fell 2 percent to $2.2 billion.
Below is a ranking of the top 11 export destinations for U.S.-made construction equipment in 2013.