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

Recent Price Trends in the Motor Vehicle Parts Industry

An overview of Motor Vehicle Parts Manufacturing price indexes

2025

Engine parts

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 motor vehicle parts prices trended over the 2022–2024 period? (See chart 1)

  • The import price index for motor vehicle parts manufacturing advanced 5.7 percent from December 2021 to December 2024. The index increased 2.0 percent for the year ended December 2022 and ticked up 0.1 percent in 2023. Import motor vehicle parts manufacturing prices then rose 3.5 percent in 2024.
  • The price index for import motor vehicle parts manufacturing has not recorded a 12-month decrease since the year ended February 2020.
  • Higher prices for motor vehicle electrical and electronic equipment manufacturing drove the price advance for import motor vehicle parts manufacturing in 2024.

Q: How did import motor vehicle parts prices compare with other economic data? (See chart 1)

  • Import prices for motor vehicle parts manufacturing trended lower than producer and export prices for the 3-year period ended December 2024. Export prices trended upward overall from December 2021 to December 2024, while ending higher than producer prices over the same period.
  • The motor vehicle parts producer price index increased 4.2 percent in 2022. The index continued this upward trend, rising 1.3 percent in 2023 and 0.8 percent in 2024. Producer prices rose 6.4 percent over the 3-year period.
  • Export prices for motor vehicle parts manufacturing rose more sharply than import and producer prices for motor vehicle parts from December 2021 to December 2024.

Q: How have export motor vehicle parts prices trended over the 2022–2024 period? (See chart 1)

  • Export motor vehicle parts manufacturing prices rose 17.1 percent from December 2021 to December 2024. Prices increased 7.4 percent in 2022, the largest calendar-year increase since the series was first published in 2005. Export prices rose 5.5 percent in 2023 and advanced 3.3 percent in 2024.
  • Higher prices for metals drove the increase in motor vehicle parts manufacturing export prices from December 2021 to December 2024.
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Q: What are the top six exporting states and territories for motor vehicle parts manufacturing? (See chart 2)

  • The total trade value of motor vehicle parts manufacturing exports was $60.9 billion in 2024, 5.9 percent lower than 2023. The top 6 exporting states accounted for 59.3 percent of this value.
  • Michigan ranked first in the United States in 2024 with $10.5 billion in export trade value, contributing 17.2 percent of total U.S. motor vehicle parts manufacturing exports.
  • Texas ranked second with $8.4 billion in trade value, accounting for 13.8 percent of the U.S. total. Ohio ranked third with $5.2 billion in export trade value, or 8.5 percent of the total from the United States.
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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 motor vehicle parts industry and are considering conducting business overseas, IPP motor vehicle parts 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: July 18, 2025