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Import/Export Price Indexes

Recent Price Trends in the Computer and Peripheral Industry

An overview of Computer and Peripheral Equipment Manufacturing price indexes

2021

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 2018–2020 period? (See chart 1)

  • The import price index for computers and peripheral manufacturing declined 8.3 percent from December 2017 to December 2020. The index fell 2.1 percent for the year ended December 2018, and decreased 5.7 percent in 2019. Import computer and peripheral manufacturing prices declined in 2020, falling 0.6 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. Additionally, semiconductor prices remained weak, putting further downward pressure on computer prices.

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

  • The export price index for computer and peripheral manufacturing decreased more than the corresponding import and producer price indexes. All three indexes fell sharply from December 2017 to December 2020. Over the same 3-year period, export and producer prices declined 11.6 percent and 7.2 percent, respectively.
  • The producer price index for computer and peripheral manufacturing decreased over the 3-year period. In 2018 and 2019, prices fell 1.5 and 2.9 percent, respectively. The decline in producer prices continued in 2020 when prices fell 2.9 percent.

Q: How have export computer and peripheral prices trended over the 2018–2020 period? (See chart 1)

  • Export computer and peripheral manufacturing prices decreased 11.6 percent over the 3-year period. Prices fell 1.3 percent in 2018 and 7.0 percent in 2019. In 2020, the price index declined 3.7 percent.
  • Rapid innovation and growing competition placed downward pressure on export prices similar to import and domestic 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 2020 was $41.3 billion, down 12.4 percent from 2019. The top 6 exporting states made up 66.1 percent of the value.
  • Texas ranked first in the United States in 2020 for exported computer and peripherals with just over $12.0 billion in export trade. That accounted for 29.1 percent of total U.S. computer and peripheral manufacturing exports.
  • California ranked second with $8.3 billion in trade dollar value, accounting for 20.1 percent of total exports. Florida ranked third with $2.8 billion in trade, which accounted for 6.7 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 chemical industry and are considering conducting business overseas, IPP chemical manufacturing 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: October 29, 2021