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Import/Export Price Indexes

Pacific Northwest: Price Movements of Top Exports and Other Highlights

March 2024

Photo of cliffs and beaches on the Pacific Northwest coast

Exports from the Pacific Northwest—composed of Washington, Oregon, and Alaska—totaled $94.2 billion in 2023, down 7.0 percent from 2022. The price index for the top export industry in the Pacific Northwest, transportation equipment manufacturing, rose in February. Export prices for crop production, computer and electronic product manufacturing, and machinery manufacturing all increased over the same period.

Top Six Pacific Northwest Exports by Trade Dollar Value, 2023

  • Exports from the Pacific Northwest represented 4.7 percent of U.S. exports by trade dollar value in 2023.
  • Transportation equipment manufacturing was the largest 2023 export industry in the Pacific Northwest, with the region representing 9.8 percent of total U.S. exports by trade dollar value for the industry.
  • The top 6 export industries from the Pacific Northwest accounted for 75.2 percent of the region's total 2023 export trade dollar value.

U.S. Export Price Indexes: Transportation Equipment Manufacturing

  • The index for export transportation equipment manufacturing prices advanced 0.2 percent in February.
  • Transportation equipment manufacturing export prices rose 4.9 percent for the 12 months ended February 2024.
  • An 8.3-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: Crop Production

  • Crop production export prices increased 0.8 percent in February.
  • Export prices for crop production declined 16.6 percent over the past 12 months.
  • A 25.6-percent decrease in prices for oilseed and grain farming contributed to the 12-month decline in prices for crop production.

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

  • Computer and electronic product manufacturing export prices increased 0.4 percent in February.
  • Despite the monthly advance, export computer and electronic product manufacturing prices decreased 0.5 percent for the 12 months ended February 2024.
  • A 3.5-percent decline in prices for semiconductor and other electronic component manufacturing led the 12-month drop 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 0.4 percent in February.
  • A 0.9-percent increase in prices for agriculture, construction, and mining machinery manufacturing led the 1-month advance in prices for machinery manufacturing.
  • Export machinery manufacturing prices advanced 2.6 percent over the past year.


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Last Modified Date: March 22, 2024