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Import/Export Price Indexes
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Recent Price Trends in the Semiconductor Industry
An overview of Semiconductor Manufacturing price indexes
2026
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 semiconductor prices trended over the 2023–2025 period? (See chart 1)
- Semiconductor manufacturing import prices declined 2.8 percent from December 2022 to December 2025. The import semiconductor manufacturing price index decreased 3.8 percent in 2023 and recorded no change in 2024. The price index advanced 1.0 percent in 2025.
- Import prices for semiconductor manufacturing peaked in December 2022 for the 3-year period ended December 2025. Prices for import semiconductor manufacturing were at their lowest in July 2025.
Q: How did import semiconductor prices compare with other economic data? (See chart 1)
- Throughout 2023, import and export semiconductor prices fell sharply, outpacing a slight drop in producer prices. Import and export prices for semiconductors held steady in 2024, while producer prices grew. From December 2024 to December 2025, import and export prices for semiconductor manufacturing increased, but producer prices for semiconductor manufacturing rose at a faster rate.
- The producer price index for semiconductor manufacturing increased 6.0 percent over the 3-year period from December 2022 to December 2025. The index edged down 0.1 percent in 2023 before advancing 2.2 percent in 2024. Producer prices rose 3.8 percent in 2025.
Q: How have export semiconductor prices trended over the 2023–2025 period? (See chart 1)
- The export semiconductor manufacturing price index decreased 4.4 percent from December 2022 to December 2025. Export semiconductor manufacturing prices declined 4.7 percent in 2023, followed by a decrease of 0.2 percent in 2024. In 2025, export semiconductor manufacturing prices advanced 0.6 percent.
- The 2023 decline was the largest calendar-year drop since 2006, when the price index for export semiconductor manufacturing fell 5.4 percent.
Q: What are the top six exporting states and territories for semiconductor manufacturing? (See chart 2)
- In 2025, the total trade value of exported semiconductors was $71.3 billion, a 1.9 percent increase from 2024. The top 6 exporting states made up 75.3 percent of the total trade value.
- In 2025, Texas ranked first in the United States for export semiconductor manufacturing with $19.7 billion in export trade value. That accounted for 27.6 percent of total U.S. semiconductor manufacturing exports.
- Oregon ranked second with $9.2 billion in trade dollar value, accounting for 13.0 percent of total U.S. semiconductor manufacturing exports. California ranked third with $8.7 billion in trade, which represented 12.2 percent of semiconductor manufacturing exports.
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 semiconductor industry and are considering conducting business overseas, IPP semiconductor 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: August 28, 2026