2013 Exports of U.S. Ag Equipment Drop 6% from Previous Year

2013 Exports of U.S. Ag Equipment Drop 6% from Previous Year

Association of Equipment Manufacturers says exports totaled $12 billion in 2013

Exports of U.S. agricultural equipment dropped 6% in 2013 compared to the previous year for a total $12 billion shipped to global markets, according to the Association of Equipment Manufacturers.

The data is compiled using U.S. Commerce Department data. Results were mixed by world region.

AEM said the 6% decrease for 2013 follows three years of export growth (16% in 2012, 23% in 2011 and 12% in 2010), after a 2009 decline of 23% in the depths of the recession.

For 2013 U.S. agricultural equipment exports compared with 2012:

• Exports to South America declined 18% to $1.2 billion; exports to Central America remained steady with a gain of 1% to $1.2 billion

Association of Equipment Manufacturers says exports totaled $12 billion in 2013

• Exports to Europe dropped 14% to $2.8 billion; exports to Australia/Oceania decreased 26% to $912 million

• Exports to Asia increased 5% for a total $1.2 billion

• Exports to Canada increased 6% for a total $4.3 billion; exports to Africa remained steady with a loss of less than one-half% to $442 million

The top export destinations for American-made agricultural machinery in 2013 by dollar volume: Canada - $4.3 billion, up 6%; Mexico - $988 million, up 3%; Australia - $822 million, down 28%; Brazil - $517 million, down 29%; China - $491 million, down 5%; Germany - $470 million, down 5%; France - $344 million, down 7%; South Africa - $303 million, down 4%; Russia - $303 million, down 9%; Ukraine - $269 million, down 30%.

Source: AEM

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