U.S. Construction Equipment Exports Down Nearly 15% in Q1 2015

June 8, 2015

Exports of U.S.-made construction equipment declined 14.9 percent for first quarter 2015 compared to first quarter 2014, with a total $3.65 billion shipped to global markets.

All world regions experienced declines, and all in the double digits except Europe and Canada, with Africa the hardest hit, according to the Association of Equipment Manufacturers (AEM), the North American-based international trade group representing the off-road equipment manufacturing industry. AEM cited U.S. Department of Commerce data it uses in global market reports for members.

Exports by World Region:

First quarter 2015 U.S. construction equipment exports by major world regions compared to first quarter 2014:

  • Canada dropped 4.6 percent, for a total $1.5 billion
  • South America declined 26 percent, for a total $482.5 million
  • Asia decreased 15.8 percent, for a total $458.2 million
  • Europe dropped 6.6 percent, for a total $433.1 million
  • Central America fell 15.3 percent, for a total $382.7 million
  • Australia/Oceania fell 23 percent to $179 million
  • Africa decreased 43.3 percent to $210.1 million 

Exports by Top 10 Countries:

The top countries buying the most U.S.-made construction machinery during first quarter 2015 (by dollar volume) were:

  1. Canada - $1.5 billion, down 4.6 percent
  2. Mexico - $310.3 million, down 16.1 percent
  3. Australia - $164 million, down 24.5 percent
  4. Brazil - $134 million, down 16.2 percent
  5. Chile - $116.7 million, down 40.8 percent
  6. South Africa - $116.4 million, down 51.8 percent
  7. Peru - $101.9 million, down 30.7 percent
  8. Belgium - $73.1 million, down 25.4 percent
  9. China - $70.1 million, down 34.6 percent
  10. South Korea - $64.9 million, down 10.9 percent
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