The AEM off-road equipment manufacturing trade group produces global trends reports using U.S. Commerce Department information to assist members’ business planning.
All world regions experienced declines, from South America with a drop of 8 percent to Asia with a 35.7 percent decrease in purchases of U.S.-made agricultural machinery.
At midyear 2014, exports of agricultural machinery to Europe declined 26.9 percent compared to first-half 2013, for a total of $1.21 billion, and exports to Canada dropped 34.3 percent to total $1.55 billion.
Exports to Asia declined 35.7 percent to $420.7 million for the first half of 2014. Mid-year exports to Central America decreased 12.5 percent to $528 million, and exports to South America declined 8 percent to $528.5 million.
Australia/Oceania’s agricultural equipment export purchases dropped 22 percent for a total of $360.9 million, and Africa took delivery of $168.7 million worth of agricultural equipment, a 23.4 percent decrease. FG
The top countries buying U.S.-made agricultural machinery for the first half of 2014 were:
- Canada - $1.55 billion, down 34.3 percent
- Mexico - $442.6 million, down 15.1 percent
- Australia - $321.9 million, down 24.9 percent
- Brazil - $230.1 million, down 11.9 percent
- China - $208.5 million, down 27.8 percent
- Germany - $175 million, down 36.2 percent
- Russia - $154.9 million, down 15.6 percent
- Ukraine - $144.1 million, down 0.3 percent
- France - $116.2 million, down 40.8 percent
- South Africa - $113.6 million, down 27.1 percent
—From Association of Equipment Manufacturers news release
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