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Import/Export Price Indexes
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New England: Price Movements of Top Exports and Other Highlights
July 2024
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 June. Export prices for computer and electronic product manufacturing declined over the same period and machinery manufacturing export prices advanced.
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.
U.S. Export Price Indexes: Chemical Manufacturing
- Export chemical manufacturing prices decreased 0.4 percent in June.
- The price index for chemical manufacturing exports declined 2.7 percent over the past year.
- A 7.5-percent decrease in prices for pharmaceutical preparation manufacturing led the 12-month decline in prices for chemical manufacturing.
U.S. Export Price Indexes: Computer and Electronic Product Manufacturing
- Computer and electronic product manufacturing export prices fell 0.1 percent in June.
- Despite the monthly decline, export computer and electronic product manufacturing prices increased 0.5 percent for the 12 months ended June 2024.
- A 1.2-percent rise in prices for navigational, measuring, electromedical and control instruments drove the 12-month advance in the price index for computer and electronic product manufacturing.
U.S. Export Price Indexes: Machinery Manufacturing
- The price index for export machinery manufacturing rose 0.1 percent in June.
- Export machinery manufacturing prices increased 2.3 percent from June 2023 to June 2024.
- A 2.8-percent advance in prices for agriculture, construction, and mining machinery manufacturing contributed to the 12-month rise in prices for machinery manufacturing.
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.
New England Information Office • BLSInfoBoston@bls.gov • https://www.bls.gov/regions/new-england/ • 617-565-2327
Last Modified Date: July 19, 2024