US CE exports down in 2016
Exports of the US-made construction equipment (CE) were down 24 per cent overall at midyear 2016 compared to the first half of 2015 with a total $5.65 billion shipped to global markets. Europe was the sole region with a gain - up 2 per cent, and South America and Africa led the double-digit declines, according to the Association of Equipment Manufacturers (AEM). The January-June 2016 US CE exports by major world regions compared to January-June 2015: Canada dropped 23 per cent, for a total $2.4 billion; Europe gained 2 per cent, for a total $898 million; Central America fell 7 per cent, for a total $696 million; Asia decreased 28 per cent, for a total $664 million; South America declined 49 per cent, for a total $504 million; Australia/Oceania fell 30 per cent to $294 million; and Africa declined 43 per cent to $220 million.