{"id":6684,"date":"2016-09-13T04:52:59","date_gmt":"2016-09-13T04:52:59","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=6684"},"modified":"2016-09-13T04:52:59","modified_gmt":"2016-09-13T04:52:59","slug":"u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016\/","title":{"rendered":"U.S. Construction-Equipment Exports Continue to Drop First Quarter, 2016"},"content":{"rendered":"

A\u00a0midyear report\u00a0from the\u00a0Association of Equipment Manufacturers<\/a>\u00a0(AEM)\u00a0shows that\u00a0global sales of\u00a0U.S.-made\u00a0construction equipment continue to drop, despite overall growth in the global\u00a0construction market.\u00a0Business Monitor International predicts that the global construction industry will grow 3.4% in 2016, but roughly half of that growth is expected to be from sales within the North American market.<\/p>\n

\"\"<\/p>\n

The AEM report shows that first quarter 2016 exports of U.S. equipment were down\u00a0a 24% compared to first quarter sales in\u00a02015.\u00a0With a total $2.7-billion of U.S.-made equipment shipped to global markets, the 2016 midyear sales mark the 13th<\/sup>\u00a0quarter in which year-over-year\u00a0U.S.\u00a0exports continue\u00a0to decrease.<\/p>\n

The report cites data from the\u00a0Department of Commerce to measure U.S. exports by dollar volume for seven world regions (fig. 1.)\u00a0<\/em>\u00a0Europe was the only region to increase purchases of construction equipment from the U.S. (by 5%). Meanwhile exports to Central America were relatively steady, only decreasing by 1%. The sharpest declines in exports were to Africa and South America, which are both down nearly 50%.<\/p>\n

The AEM\u2019s director of market intelligence, Benjamin\u00a0Duyck<\/span>\u00a0says the decreases in global sales are due to the increasing value of the U.S. dollar, which makes U.S.\u00a0equipment more expensive compared to equipment made in other countries.<\/p>\n

Earthmoving<\/span>\u00a0equipment saw the largest decrease in exports, measuring roughly 35%. A small increase was seen by the lifting equipment segment, which is driven by self-propelled aerial work platforms.<\/p>\n

The AEM\u00a0report also shows\u00a0the countries that bought the most U.S.-made construction machinery during Q1 2016. These were:<\/p>\n

    \n
  1. Canada – $1.1 billion, down 28%<\/li>\n
  2. Mexico – $310 million, down 0.01%<\/li>\n
  3. Australia – $148 million, down 10%<\/li>\n
  4. Belgium – $101 million,\u00a0up<\/strong>\u00a038%<\/li>\n
  5. Peru – $85 million, down 17%<\/li>\n
  6. Germany – $74 million,\u00a0up<\/strong>\u00a058%<\/li>\n
  7. Chile – $60 million, down 48%<\/li>\n
  8. China – $49 million, down 31%<\/li>\n
  9. United Kingdom – $47 million,\u00a0up<\/strong>\u00a08%<\/li>\n
  10. South Africa – $40 million, down 65%<\/li>\n<\/ol>\n

    In addition to increasing its purchase of U.S. construction equipment by 38%, Belgium ranked as the fourth highest importer of U.S. equipment, perhaps because its Port of Antwerp serves as a pass-through for the European continent. Growth in Germany is accredited to a boost in excavators and wheel loader exports, while increased exports to the UK appear to be driven by an increase in self-propelled aerial work platforms.<\/p>\n

    AEM also released reports for U.S. agriculture equipment.\u00a0Both global-market reports are available for\u00a0download by\u00a0members<\/a>.<\/p>\n

    Leah Scully<\/a> <\/span>| <\/strong>Hydraulics & Pneumatics<\/span><\/p>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    A\u00a0midyear report\u00a0from the\u00a0Association of Equipment Manufacturers\u00a0(AEM)\u00a0shows that\u00a0global sales of\u00a0U.S.-made\u00a0construction equipment continue to drop, despite overall growth in the global\u00a0construction market.\u00a0Business Monitor International predicts that the global construction industry will grow 3.4% in 2016, but roughly half of that growth is expected to be from sales within the North American market. The AEM report shows that […]<\/p>\n","protected":false},"author":1,"featured_media":6688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[8],"tags":[320],"yoast_head":"\nU.S. Construction-Equipment Exports Continue to Drop First Quarter, 2016 - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Construction-Equipment Exports Continue to Drop First Quarter, 2016 - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"A\u00a0midyear report\u00a0from the\u00a0Association of Equipment Manufacturers\u00a0(AEM)\u00a0shows that\u00a0global sales of\u00a0U.S.-made\u00a0construction equipment continue to drop, despite overall growth in the global\u00a0construction market.\u00a0Business Monitor International predicts that the global construction industry will grow 3.4% in 2016, but roughly half of that growth is expected to be from sales within the North American market. The AEM report shows that […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cranemarket.com\/blog\/u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016\/\" \/>\n<meta property=\"og:site_name\" content=\"MachineMarket Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-13T04:52:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2016\/09\/construction-equipment-machine.market.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/machine.market\/blog\/#organization\",\"name\":\"CraneMarket | Cranes for Sale and Rent\",\"url\":\"https:\/\/machine.market\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/machine.market\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2019\/03\/crane-market-logo.png\",\"width\":282,\"height\":81,\"caption\":\"CraneMarket | Cranes for Sale and Rent\"},\"image\":{\"@id\":\"https:\/\/machine.market\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/machine.market\/blog\/#website\",\"url\":\"https:\/\/machine.market\/blog\/\",\"name\":\"MachineMarket Blog\",\"description\":\"Machine News\",\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/machine.market\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cranemarket.com\/blog\/u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2016\/09\/construction-equipment-machine.market.jpg\",\"width\":1600,\"height\":900},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cranemarket.com\/blog\/u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016\/#webpage\",\"url\":\"https:\/\/cranemarket.com\/blog\/u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016\/\",\"name\":\"U.S. Construction-Equipment Exports Continue to Drop First Quarter, 2016 - MachineMarket Blog\",\"isPartOf\":{\"@id\":\"https:\/\/machine.market\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016\/#primaryimage\"},\"datePublished\":\"2016-09-13T04:52:59+00:00\",\"dateModified\":\"2016-09-13T04:52:59+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cranemarket.com\/blog\/u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016\/\"]}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/cranemarket.com\/blog\/u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016\/#webpage\"},\"author\":{\"@id\":\"https:\/\/machine.market\/blog\/#\/schema\/person\/d55314291bc2800387533231d1e82150\"},\"headline\":\"U.S. Construction-Equipment Exports Continue to Drop First Quarter, 2016\",\"datePublished\":\"2016-09-13T04:52:59+00:00\",\"dateModified\":\"2016-09-13T04:52:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/u-s-construction-equipment-exports-continue-to-drop-first-quarter-2016\/#primaryimage\"},\"keywords\":\"construction equipment\",\"articleSection\":\"Manufacturer News\",\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/machine.market\/blog\/#\/schema\/person\/d55314291bc2800387533231d1e82150\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/machine.market\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6761c958e8b054582d0855a0e4bc5407?s=96&d=mm&r=g\",\"caption\":\"admin\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/posts\/6684"}],"collection":[{"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/comments?post=6684"}],"version-history":[{"count":0,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/posts\/6684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/media\/6688"}],"wp:attachment":[{"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/media?parent=6684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/categories?post=6684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/tags?post=6684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}