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

Recent Price Trends in the Computer and Peripheral Industry

An overview of Computer and Peripheral Equipment Manufacturing price indexes

2024

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 2021–2023 period? (See chart 1)

  • The import price index for computer and peripheral manufacturing advanced 1.6 percent from December 2020 to December 2023. The index rose 1.9 percent for the year ended December 2021 and increased 2.1 percent in 2022. Import computer and peripheral manufacturing prices declined in 2023, falling 2.4 percent.
  • The 2.1-percent rise in import prices for computer and peripheral manufacturing in 2022 was the largest calendar-year advance since the index was first published in 2005.
  • In 2021 and 2022 advances in semiconductor prices put upward pressure on import 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 both domestic prices and export prices over the 3-year period. All three indexes rose from December 2020 to December 2023 and declined for the year ended December 2023. Import computer and peripheral manufacturing prices experienced a larger decline than export prices and producer prices from December 2022 to December 2023.
  • The producer price index for computer and peripheral manufacturing increased from December 2020 to December 2023, rising 7.2 percent. In 2021, prices advanced 3.4 percent. Producer prices continued to rise in 2022, increasing 4.2 percent. The index fell 0.5 percent for the year ended December 2023.

Q: How have export computer and peripheral prices trended over the 2021–2023 period? (See chart 1)

  • Export computer and peripheral manufacturing prices advanced 4.2 percent over the 3-year period. The 3-year rise was driven by a 7.6-percent increase in 2021. In contrast, in 2022 and 2023 export prices declined 1.4 percent and 1.9 percent, respectively.
  • The combination of supply chain issues and higher demand within the computer industry in 2021 contributed to the sharp increase in export prices.
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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 2023 was $48.8 billion, down 2.6 percent from 2022. The top 6 exporting states made up 66.1 percent of the value.
  • Texas ranked first in the United States in 2023 for exported computer and peripherals with $12.2 billion in export trade. That accounted for 24.9 percent of total U.S. computer and peripheral manufacturing exports. 
  • California ranked second with $9.6 billion in trade dollar value, accounting for 19.7 percent of total exports. Florida ranked third with $3.3 billion in trade, which accounted for 6.8 percent of total U.S. computer and peripheral manufacturing exports.
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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 19, 2024