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Import/Export Price Indexes

Puerto Rico: Price Movements of Top Exports and Other Highlights

January 2025

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, declined in December. Export prices for medical equipment and supplies manufacturing and navigational, measuring, electromedical, and control instruments manufacturing advanced over the same period.

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.

U.S. Export Price Indexes: Pharmaceutical and Medicine Manufacturing

  • Pharmaceutical and medicine manufacturing export prices decreased 0.2 percent in December.
  • A 0.4-percent decrease in prices for pharmaceutical preparation manufacturing led the December drop in prices for pharmaceutical and medicine manufacturing.
  • The export price index for pharmaceutical and medicine manufacturing decreased 0.5 percent over the past year.

U.S. Export Price Indexes: Medical Equipment and Supplies Manufacturing

  • Export prices for medical equipment and supplies manufacturing ticked up 0.1 percent in December.
  • The price index for medical equipment and supplies manufacturing rose 3.1 percent over the past year.
  • The over-the-year increase in export prices for medical equipment and supplies manufacturing was driven by a 5.6-percent rise in surgical and medical instrument manufacturing export prices.

U.S. Export Price Indexes: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing

  • Export navigational, measuring, electromedical, and control instruments manufacturing prices increased 0.2 percent in December.
  • The price index for export navigational, measuring, electromedical, and control instruments manufacturing declined 0.1 percent from December 2023 to December 2024.
  • The 12-month decline in export prices for navigational, measuring, electromedical, and control instruments manufacturing was driven by a 2.7-percent drop in electromedical and electrotherapeutic apparatus manufacturing export prices.

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.

 

New York-New Jersey Information Office • BLSInfoNY@bls.gov • https://www.bls.gov/regions/new-york-new-jersey/ • 646-264-3600 

 

Last Modified Date: January 27, 2025