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

Puerto Rico: Price Movements of Top Exports and Other Highlights

November 2024

Photo of a fort in San Juan, Puerto Rico

Total exports for Puerto Rico amounted to $22.5 billion in 2023, a 9.2-percent increase from 2022. Prices for the largest export industry in Puerto Rico, pharmaceutical and medicine manufacturing, advanced in October. Export prices for medical equipment and supplies manufacturing and navigational, measuring, electromedical and control instruments also increased for the month.

Top Puerto Rico Exports by Trade Dollar Value, 2023

  • Puerto Rico led U.S. exports of pharmaceutical and medicine manufacturing in 2023, accounting for 16.4 percent of the total U.S. trade dollar value.
  • Medical equipment and supplies manufacturing was Puerto Rico's second largest export in 2023, representing 7.1 percent of total exports for the island.
  • Puerto Rico's top 3 exports accounted for approximately 89.7 percent of the territory's total exports in 2023.
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U.S. Export Price Indexes: Pharmaceutical and Medicine Manufacturing

  • Pharmaceutical and medicine manufacturing export prices increased 0.2 percent in October.
  • The export price index for pharmaceutical and medicine manufacturing advanced 0.2 percent over the past year.
  • A 14.7-percent increase in prices for in-vitro diagnostic substance manufacturing led the rise in prices for pharmaceutical and medicine manufacturing from October 2023 to October 2024.
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U.S. Export Price Indexes: Medical Equipment and Supplies Manufacturing

  • Export prices for medical equipment and supplies manufacturing ticked up 0.1 percent in October.
  • The price index for medical equipment and supplies manufacturing rose 4.5 percent over the past year.
  • The over-the-year increase in export prices for medical equipment and supplies manufacturing was driven by a 6.9-percent rise in surgical and medical instrument manufacturing export prices.
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U.S. Export Price Indexes: Navigational, Measuring, Electromedical and Control Instruments

  • Export navigational, measuring, electromedical and control instruments prices ticked up 0.1 percent in October.
  • The price index for export navigational, measuring, electromedical and control instruments edged down 0.1 percent from October 2023 to October 2024.
  • The 12-month decline in export prices for navigational, measuring, electromedical and control instruments was the first over-the-year decrease since the index fell 0.1 percent in April 2021.
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Top States and Territories in Exports for Pharmaceutical and Medicine Manufacturing, 2023

  • The United States exported $108.9 billion of pharmaceutical and medicine manufacturing products in 2023.
  • Puerto Rico remained the top U.S. exporter of pharmaceutical and medicine manufacturing in 2023, accounting for 16.4 percent of U.S. exports.
  • The 2 highest states, Indiana and North Carolina, accounted for 15.0 percent and 10.2 percent of 2023 U.S. exports of pharmaceutical and medicine manufacturing by trade dollar value, respectively.
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New York-New Jersey Information Office • BLSInfoNY@bls.gov • https://www.bls.gov/regions/new-york-new-jersey/ • 646-264-3600 

 

Last Modified Date: November 25, 2024