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Bureau of Labor Statistics > Import/Export Price Indexes > Home

Trade Invoicing Currency Information in the Import and Export Price Indexes

To help users assess patterns of invoicing currency for U.S. trade, the U.S. Bureau of Labor Statistics (BLS) provides data on the shares of trade invoicing currencies reflected in the Import and Export Price Indexes (MXPI).

What is a Trade Invoicing Currency Share?

Traders may pay for goods and services in any number of currencies. A trade invoicing currency share is the aggregate percentage of exports and imports paid for in a particular currency. While the U.S. dollar is the dominant currency used in U.S. trade, a U.S. importer or exporter may invoice trade in any currency.

What are the Limitations to the Data?

BLS does not sample specifically for currency, only accepts foreign currency prices if respondents cannot provide a U.S. dollar price, and publishes the MXPI in U.S. dollar terms. The data are provided for informational purposes only.

Why are Trade Invoicing Currency Shares of Interest to Users?

Trade invoicing is pertinent for several reasons.

To track the dominance of the U.S. dollar in trade
To measure the overall stability of currency patterns in trade
To evaluate exchange rate movements and pass-through, as well as cross-border spillovers in the United States and in trading partners

These data have been included in the International Monetary Fund/European Central Bank database on global trade invoicing currency, covering 120 countries from 1990–2023. To learn more and download the data, visit the database.

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Last Modified Date: August 28, 2024