U.S.-made ag equipment exports drop 6%

U.S.-made ag equipment exports drop 6%

U.S. agricultural equipment exports dropped 6% in 2013 compared to the previous year, totaling $12 billion shipped to global markets, according to the Association of Equipment Manufacturers (AEM), citing U.S. Department of Commerce data it uses in trend reports for members.

Results were mixed by world region.

AEM said the 6% decrease follows three years of export growth — 16% in 2012, 23% in 2011 and 12% in 2010 — that were preceded by a decline of 23% in 2009 during the depths of the recession.

Compared to 2012, U.S. agricultural equipment exports in 2013 amounted to:

* $4.3 billion to Canada, a 6% increase;

* $2.8 billion to Europe, a 14% decline;

* $1.2 billion to South America, an 18% decline;

* $1.2 billion to Central America, virtually steady with a 1% gain;

* $1.2 billion to Asia, a 5% increase;

* $912 million to Australia/Oceania, a 26% decrease, and

* $442 million to Africa, virtually steady with a loss of less than 0.5%.

The top export destinations for American-made agricultural machinery in 2013 by dollar value were: (1) Canada at $4.3 billion, (2) Mexico at $988 million, (3) Australia at $822 million, (4) Brazil at $517 million, (5) China at $491 million, (6) Germany at $470 million, (7) France at $344 million, (8) South Africa at $303 million, (9) Russia at $303 million and (10) the Ukraine at $269 million.

Volume:86 Issue:10

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