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The Association of Equipment Manufacturers (AEM)’s mid-year construction machinery report saw Africa report a 4.3 per cent increase in exports for the first half of 2014
While Canada, Central America, South America, Australia/Oceania, Asia and Europe all reported a decline in exports, Africa reported a hike in exports with the continent generating US$682.1mn.
Overall, construction machinery exports fell globally. In the first half of 2014, the report said that exports were at US$8.93bn in 2014, representing a decline of 17.3 per cent from US$10.8bn for the same period in 2013.
Australia/Oceania’s exports were at 38.6 per cent, which is the steepest decline among all nations that were part of the study. South America’s exports dropped by 33.1 per cent, Europe by 25.4 per cent, Central America by 23.7 per cent, Asia by 13.9 per cent and Canada by 4.6 per cent.