Exports of construction machinery fell 21% in the first half of 2013, according to data compiled by the Association of Equipment Manufacturers. Based on data from the U.S. Dept. of Commerce and other industry sources, AEM says equipment makers shipped $10.8 billion worth of construction machinery in the first half of 2013, down from the $13.7 billion shipped at the midpoint of 2012.
Deep declines were seen in exports to all global regions compared to the first half of 2012, with the exception of Central America, which saw an increase of 15%, to $1.2 billion. Construction equipment exports to South America were down 13%, to $1.9 billion, but year-over-year increases were seen in both Brazil and Colombia.