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

New England: Price Movements of Top Exports and Other Highlights

November 2024

Photo of lighthouse on the New England coast

The New England region, which consists of Massachusetts, Connecticut, New Hampshire, Maine, Rhode Island, and Vermont, exported a total trade dollar value of $66.6 billion in 2023, a 3.9-percent increase from 2022. Prices for the largest export industry in New England, chemical manufacturing, decreased in October. Export prices for computer and electronic product manufacturing and machinery manufacturing advanced over the same period.

Top Six New England Exports by Trade Dollar Value, 2023

  • New England exports represented 3.3 percent of the trade dollar value for U.S. exports in 2023.
  • The New England states accounted for 4.8 percent of the 2023 U.S. total of chemical manufacturing exports. Massachusetts alone accounted for 3.7 percent.
  • The top six New England export industries accounted for 77.9 percent of the region's total exports in 2023.
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U.S. Export Price Indexes: Chemical Manufacturing

  • Export chemical manufacturing prices declined 0.2 percent in October.
  • A 1.3-percent decrease in prices for other basic inorganic chemical manufacturing led the drop in prices for chemical manufacturing in October.
  • The price index for chemical manufacturing exports advanced 0.8 percent over the past year.
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U.S. Export Price Indexes: Computer and Electronic Product Manufacturing

  • Computer and electronic product manufacturing export prices ticked up 0.1 percent in October.
  • Export computer and electronic product manufacturing prices decreased 0.4 percent for the 12 months ended October 2024.
  • A 1.6-percent decline in computer and peripheral equipment manufacturing prices drove the 12-month drop in prices for computer and electronic product manufacturing.
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U.S. Export Price Indexes: Machinery Manufacturing

  • The price index for export machinery manufacturing advanced 0.4 percent in October.
  • Export machinery manufacturing prices increased 2.3 percent from October 2023 to October 2024.
  • A 2.7-percent advance in prices for agriculture, construction, and mining machinery manufacturing contributed to the 12-month rise in prices for machinery manufacturing.
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New England Chemical Manufacturing Exporting States by Trade Dollar Value, 2023

  • Massachusetts exports of chemical manufacturing accounted for 15.9 percent of total New England exports in 2023.
  • New England ranked seventh in exports of chemical manufacturing in 2023.
  • The total value of chemical manufacturing exports from New England increased 34.1 percent in 2023 compared to 2022.
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New England Information Office • BLSInfoBoston@bls.gov • https://www.bls.gov/regions/new-england/ • 617-565-2327 

 

Last Modified Date: November 25, 2024