Exports of U.S. agricultural equipment dropped 6 percent in 2013 compared to the previous year for a total $12 billion shipped to global markets, according to the Association of Equipment Manufacturers (AEM), citing U.S. Commerce Department data it uses in trend reports for members. Results were mixed by world region.
AEM said the 6-percent decrease for 2013 follows three years of export growth (16 percent in 2012, 23 percent in 2011 and 12 percent in 2010), after a 2009 decline of 23 percent in the depths of the recession.
For 2013 U.S. agricultural equipment exports compared with 2012:
- Exports to South America declined 18 percent to $1.2 billion; exports to Central America remained steady with a gain of 1 percent to $1.2 billion
- Exports to Europe dropped 14 percent to $2.8 billion; exports to Australia/Oceania decreased 26 percent to $912 million
- Exports to Asia increased 5 percent for a total $1.2 billion
- Exports to Canada increased 6 percent for a total $4.3 billion; exports to Africa remained steady with a loss of less than one-half percent to $442 million
The top export destinations for American-made agricultural machinery in 2013 by dollar volume: (1) Canada - $4.3 billion, up 6 percent; (2) Mexico - $988 million, up 3 percent; (3) Australia - $822 million, down 28 percent; (4) Brazil - $517 million, down 29 percent; (5) China - $491 million, down 5 percent; (6) Germany - $470 million, down 5 percent; (7) France - $344 million, down 7 percent; (8) South Africa - $303 million, down 4 percent; (9) Russia - $303 million, down 9 percent; (10) Ukraine - $269 million, down 30 percent.
About the Association of Equipment Manufacturers (AEM) - www.aem.org
AEM is the North American-based international trade group providing innovative business development resources to advance the off-road equipment manufacturing industry in the global marketplace. AEM membership comprises more than 900 companies and more than 200 product lines in the agriculture, construction, forestry, mining and utility sectors worldwide. AEM is headquartered in Milwaukee, Wisconsin, with offices in the world capitals of Washington, D.C.: Ottawa, Canada; and Beijing, China.