U.S. Farm Equipment Exports Decline 9.5 Percent In First Half 2013

Exports of U.S. agricultural equipment dropped 9.5 percent during the first half of 2013 compared to midyear 2012 to total $6.5 billion, down from $7.2 billion a year earlier, according to the Association of Equipment Manufacturers (AEM). The AEM off-road equipment manufacturing trade group produces global trends reports for members consolidating U.S. Commerce Department data with other sources.
 
The steepest declines in American farm machinery exports were to South America, Europe and Australia/Oceania, with Asia among the regions showing a modest gain.

For agricultural equipment exports for the first half of 2013, compared with midyear 2012:

• Exports to South America declined 29 percent to $574 million; exports to Europe dropped 23 percent to $1.7     billion; and exports to Australia/Oceania decreased 24 percent to $463 million.
• Exports to Asia increased 7 percent for a total $654 million, with exports to Central America gaining 2 percent to     $603 million.
• Exports to Canada increased 8 percent for a total $2.4 billion.
• Exports to Africa declined 8 percent for a total $220 million.