Export prices rise in March

April 08, 2004

Export prices rose 0.9 percent in March, the largest monthly increase in this index in nine years.

Over-the-month percent change in price index for exports, March 2003–March 2004 (not seasonally adjusted)
[Chart data—TXT]

Over the first quarter of 2004, export prices were up 2.3 percent, the largest 3-month jump in export prices since the second quarter of 1988.

Prices for both agricultural and nonagricultural exports contributed to the recent increase in overall export prices. The price index for agricultural exports rose 3.3 percent in March, led by a sharp increase in soybean prices. Agricultural prices have been trending upward since the middle of 2003 and were up 20.7 percent over the past 12 months.

Nonagricultural export prices rose 0.6 percent last month, following increases of 0.6 percent and 0.7 percent in February and January. Prices for nonagricultural exports were up 1.9 percent for the year ended in March, while overall export prices rose 3.4 percent over the same period.

Import prices continued an upward trend in March, rising 0.9 percent for the month and 2.9 percent over the first quarter of 2004. Over the past 12 months, the index was up 1.9 percent.

These data are from the BLS International Price program. Import and export price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes - March 2004" (PDF) (TXT), news release USDL 04-600.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Export prices rise in March on the Internet at http://www.bls.gov/opub/ted/2004/apr/wk1/art04.htm (visited September 30, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.