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Import/Export Price Indexes

Mid-Atlantic: Price Movements of Top Exports and Other Highlights

May 2023

scenery in the Mid-Atlantic

The Mid-Atlantic region, composed of Pennsylvania, Virginia, Maryland, Delaware, and the District of Columbia, exported a total trade dollar value of $99.1 billion in 2022, an increase of 13.3 percent from 2021. Prices for chemical manufacturing, the largest export industry for the region, advanced in April. Export prices for transportation equipment manufacturing and machinery manufacturing also increased in April and computer and electronic product manufacturing prices declined.

Top Six Mid-Atlantic Exports by Trade Dollar Value, 2022

  • Overall exports from the Mid-Atlantic represented 4.8 percent of the U.S. total export trade dollar value in 2022.
  • Mid-Atlantic chemical manufacturing exports accounted for 6.9 percent of the industry's total U.S. exports by trade dollar value in 2022.
  • The top 6 export industries from the Mid-Atlantic accounted for 62.2 percent of the region's total 2022 export trade dollar value.

U.S. Export Price Indexes: Chemical Manufacturing

  • The price index for chemical manufacturing exports increased 0.1 percent in April.
  • A 0.5-percent rise in prices for soap, cleaning compound, and toilet preparation manufacturing contributed to the monthly increase in prices for chemical manufacturing.
  • Export chemical manufacturing prices declined 6.4 percent over the past year.

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

  • Computer and electronic product manufacturing export prices edged down 0.1 percent in April.
  • Export computer and electronic product manufacturing prices decreased 1.6 percent for the 12 months ended April 2023.
  • The 12-month decrease in the price index for computer and electronic product manufacturing was led by a 5.0-percent decrease in computer and peripheral equipment manufacturing prices.

U.S. Export Price Indexes: Transportation Equipment Manufacturing

  • Transportation equipment manufacturing export prices advanced 0.1 percent in April.
  • The index for export transportation equipment manufacturing prices increased 4.2 percent for the 12 months ended April 2023.
  • The 12-month increase in prices for export transportation equipment manufacturing was driven by a 6.7-percent increase in prices for aerospace product and parts manufacturing.

U.S. Export Price Indexes: Machinery Manufacturing

  • Export machinery manufacturing prices rose 0.4 percent in April.
  • Prices for export machinery manufacturing advanced 5.5 percent over the past year.
  • A 7.4-percent increase in commercial and service industry machinery manufacturing export prices contributed to the 12-month rise in machinery manufacturing prices.

 

Mid-Atlantic Information Office • BLSInfoPhiladelphia@bls.gov • https://www.bls.gov/regions/mid-atlantic/ • 215-597-3282 

 

Last Modified Date: May 24, 2023