U.S. agricultural machinery exports decline in first-quarter

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Total U.S. agricultural machinery exports for first quarter 2014 totaled $2.185 billion compared to $3.04 billion in the first quarter of 2013 – a decline of 28.1 percent, according to the Association of Equipment Manufacturers (AEM), citing U.S. Department of Commerce data.



The AEM off-road equipment manufacturing trade group produces global trends reports using Commerce Dept. information to assist members' business planning. All world regions recorded double-digit declines, led by Asia.



Q1 2014 U.S. agricultural equipment exports by major world regions compared to Q1 2013:

Exports to Canada declined 30.7 percent, for a total $698.3 million.

Exports to South America declined 14 percent, for a total $240.3 million.

Exports to Asia decreased 36.7 percent, for a total $145.6 million.

Exports to Europe dropped 34 percent, for a total $628.1 million.

Exports to Central America decreased 17 percent, for a total $256.8 million.

Exports to Australia/Oceania declined 14.8 percent to $144 million.

Exports to Africa decreased 23.5 percent to $71.5 million.



The top countries buying the most U.S.-made agricultural machinery during the first quarter of 2014 were: (1) Canada - $698.3 million, down 30.7 percent; (2) Mexico - $225.2 million, down 17.3 percent; (3) Australia - $130.1 million, down 18.3 percent; (4) Russia - $109.9 million, down 9.2 percent; (5) Ukraine - $100.1 million, up 13.6 percent; (6) Brazil - $95.1 million, down 24.3 percent; (7) Germany - $71.8 million, down 54.3 percent; (8) France - $52.2 million, down 51 percent; (9) South Africa - $49.6 million, down 19.2 percent; (10) China - $48 million, down 26.7 percent.

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