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Import/Export Price Indexes

Georgia: Price Movements of Top Exports and Other Highlights

April 2024

Photo of a park and fountain in Savannah, Georgia

Exports from Georgia totaled $49.8 billion in 2023, up 5.1 percent from 2022. The price index for the largest export industry in Georgia, transportation equipment manufacturing, was unchanged in March. Export prices for machinery manufacturing, computer and electronic product manufacturing, and chemical manufacturing advanced over the same period.

Top Six Georgia Exports by Trade Dollar Value, 2023

  • Overall exports from Georgia represented 2.5 percent of the U.S. total export trade dollar value in 2023.
  • Georgia accounted for 4.2 percent of total U.S. exports of transportation equipment manufacturing by trade dollar value in 2023.
  • The top 6 export industries from Georgia accounted for 68.6 percent of the state’s total 2023 export trade dollar value.

U.S. Export Price Indexes: Transportation Equipment Manufacturing

  • The price index for export transportation equipment manufacturing was unchanged in March.
  • Transportation equipment manufacturing export prices rose 4.8 percent for the 12 months ended March 2024.
  • An 8.1-percent increase in prices for aerospace product and parts manufacturing led the 12-month advance in prices for transportation equipment manufacturing.

U.S. Export Price Indexes: Machinery Manufacturing

  • The price index for export machinery manufacturing rose 0.1 percent in March.
  • Export machinery manufacturing prices increased 2.2 percent over the past year.
  • A 3.9-percent increase in prices for agriculture, construction, and mining machinery manufacturing contributed to the 12-month advance in prices for machinery manufacturing.

U.S. Export Price Indexes: Computer and Electronic Product Manufacturing

  • Computer and electronic product manufacturing export prices increased 0.2 percent in March.
  • Despite the monthly advance, export computer and electronic product manufacturing prices decreased 0.2 percent for the 12 months ended March 2024.
  • A 2.5-percent decline in prices for semiconductor and other electronic component manufacturing drove the 12-month drop in the price index for computer and electronic product manufacturing.

U.S. Export Price Indexes: Chemical Manufacturing

  • Export chemical manufacturing prices increased 0.5 percent in March.
  • The price index for chemical manufacturing exports declined 2.8 percent over the past year.
  • A 10.0-percent decrease in prices for other basic inorganic chemical manufacturing led the 12-month decline in prices for chemical manufacturing.

 

Southeast Information Office • BLSInfoAtlanta@bls.gov • https://www.bls.gov/regions/southeast/ • 404-893-4222 

 

Last Modified Date: April 19, 2024