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Economic News Release
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Table 9 U.S. Terms of Trade Indexes, by Locality

Table 9. U.S. terms of trade indexes and percent changes by locality: March 2025 to March 2026(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Feb.
2026		 Mar.
2026		 Annual Monthly
Mar.
2025
to
Mar.
2026		 Nov.
2025
to
Dec.
2025		 Dec.
2025
to
Jan.
2026		 Jan.
2026
to
Feb.
2026		 Feb.
2026
to
Mar.
2026

Industrialized Countries(2)

 108.7 110.9 5.6 0.8 -0.2 1.5 2.0

Canada

 106.4 107.3 6.4 1.0 -0.2 1.1 0.8

European Union

 104.7 107.1 3.3 1.0 -0.6 2.4 2.3

Germany

 121.5 122.4 5.7 -1.3 -0.1 3.4 0.7

Latin America(3)

 105.1 107.4 2.2 0.0 -0.9 0.6 2.2

Mexico

 110.6 113.2 4.3 -0.5 -0.6 1.1 2.4

Pacific Rim(4)

 113.3 113.3 2.9 0.5 0.6 0.2 0.0

China

 113.4 115.2 4.7 -0.8 0.9 -0.6 1.6

Japan

 113.5 113.2 5.2 1.1 1.3 2.3 -0.3

Footnotes
(1) Terms of trade indexes are derived by dividing the export price index by the corresponding import price index and multiplying by 100.
(2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
(3) Mexico, Central America, South America, and the Caribbean.
(4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries.

NOTES: Data may be revised in each of the 3 months after original publication.
Regions are not mutually exclusive.
Dash = Not available
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Last Modified Date: April 15, 2026