Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Import/Export Price Indexes

Recent Price Trends in the Computer and Peripheral Industry

An overview of Computer and Peripheral Equipment Manufacturing price indexes

2022

Computer keyboard

U.S. Import and Export Price Indexes contain data on changes in the prices of nonmilitary goods and services traded between the United States and the world. The U.S. Bureau of Labor Statistics produces these indexes, which are Principal Federal Economic Indicators.

Q: How have import computer and peripheral prices trended over the 2019–2021 period? (See chart 1)

  • The import price index for computer and peripheral manufacturing declined 4.5 percent from December 2018 to December 2021. The index fell 5.7 percent for the year ended December 2019, and decreased 0.6 percent in 2020. Import computer and peripheral manufacturing prices advanced in 2021, rising 1.9 percent.
  • In 2019 and 2020, continuous innovation and increasing market competition, specifically in lower-cost overseas markets such as China, India, and Southeast Asia, greatly contributed to lower import prices. In contrast, prices began to rebound in 2021, including semiconductor prices, which put upward pressure on computer and peripheral prices.

Q: How did import computer and peripheral prices compare with other economic data?

  • Import prices for computer and peripheral manufacturing trended similarly to producer and export prices over the 3-year period. All three indexes fell from December 2018 to December 2021. Import prices fell over the 3-year period by a higher rate than producer or export prices.
  • The producer price index for computer and peripheral manufacturing decreased from December 2019 to December 2021, declining 2.5 percent. Both in 2019 and 2020, prices fell 2.9 percent and producer prices advanced 3.4 percent in 2021.

Q: How have export computer and peripheral prices trended over the 2019–2021 period? (See chart 1)

  • Export computer and peripheral manufacturing prices decreased 3.6 percent over the 3-year period. Prices fell 7.0 percent in 2019 and 3.7 percent in 2020. In 2021, the price index advanced 7.6 percent. 
  • In 2019 and 2020, rapid innovation and growing competition placed downward pressure on export prices similar to import and domestic prices. However, the combination of supply chain issues and higher demand within the computer industry in 2021 contributed to the increase in export prices.

Q: What are the top six exporting states and territories for computer and peripheral manufacturing? (See chart 2)

  • The total trade value of exported computer and peripheral manufacturing in 2021 was $46.9 billion, up 13.6 percent from 2020. The top 6 exporting states made up 69.2 percent of the value.
  • Texas ranked first in the United States in 2021 for exported computer and peripherals with just over $14.1 billion in export trade. That accounted for 30.8 percent of total U.S. computer and peripheral manufacturing exports. 
  • California ranked second with $9.6 billion in trade dollar value, accounting for 20.9 percent of total exports. Florida ranked third with $3.7 billion in trade, which accounted for 8.0 percent of total U.S. trade.

Q: How are import and export price indexes useful to you?

Import and export price indexes can provide a new perspective for your trade analyses. Although many sources report domestic market prices and trade volume, IPP data are unique in measuring import and export price movement.

For example, if you are involved in the computer and peripheral manufacturing industry and are considering conducting business overseas, IPP computer and peripherals indexes can supplement your industry research by providing long-term import and export price trends.

Q: How are import and export price indexes used?

Import and export price indexes are used for a variety of purposes:

  • In the conversion of U.S. trade figures from current dollars to constant dollars in U.S. trade statistics including the Bureau of Economic Analysis’ Quarterly Gross Domestic Product and the Census Bureau’s monthly U.S. trade statistics.
  • To assess the impact of international trade on domestic inflation and the competitive position of the United States.
  • As a tool for analyzing fiscal and monetary policy, measuring the impact of exchange rates, and escalating trade contracts.
  • To identify industry-specific and global price trends.

Last Modified Date: August 16, 2022