Recent Price Trends in the Computer and Peripheral Industry
An overview of Computer and Peripheral Equipment Manufacturing price indexes
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 2020–2022 period? (See chart 1)
- The import price index for computer and peripheral manufacturing advanced 3.4 percent from December 2019 to December 2022. The index fell 0.6 percent for the year ended December 2020 and increased 1.9 percent in 2021. Import computer and peripheral manufacturing prices also advanced in 2022, rising 2.1 percent.
- The large inventory supply of computers and peripherals more than offset increased demand from remote workers due to the COVID-19 pandemic, driving import prices downward in 2020. In contrast, prices rebounded in 2021 and 2022, 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? (See chart 1)
- Computer and peripheral manufacturing import prices advanced less than domestic prices and more than export prices over the 3-year period. All three indexes rose from December 2019 to December 2022. The year-to-year changes were more moderate for import prices than export prices and, overall, import prices advanced less than producer prices.
- The producer price index for computer and peripheral manufacturing increased from December 2019 to December 2022, rising 4.7 percent. In 2020, prices fell 2.9 percent. Producer prices then rebounded with increases of 3.4 percent in 2021 and 4.2 percent in 2022.
Q: How have export computer and peripheral prices trended over the 2020–2022 period? (See chart 1)
- Export computer and peripheral manufacturing prices advanced 2.3 percent over the 3-year period. The 3-year rise was driven by a 7.6-percent increase in 2021. In contrast, in 2020 and 2022 export prices declined 3.7 percent and 1.4 percent, respectively.
- 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 2022 was $50.0 billion, up 6.7 percent from 2021. The top 6 exporting states made up 68.8 percent of the value.
- Texas ranked first in the United States in 2022 for exported computer and peripherals with $15.2 billion in export trade. That accounted for 30.3 percent of total U.S. computer and peripheral manufacturing exports.
- California ranked second with $10.4 billion in trade dollar value, accounting for 20.7 percent of total exports. Florida ranked third with $3.6 billion in trade, which accounted for 7.1 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: July 12, 2023