U.S. flag

An official website of the United States government

Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Economic News Release
PRINT:Print
MXP MXP Program Links

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

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

Industrialized Countries(2)

 107.3 107.9 3.8 - - 0.8 0.6

Canada

 105.7 108.9 9.7 - - 1.3 3.0

European Union

 102.8 102.9 -1.2 - - 1.0 0.1

Germany

 117.8 117.7 2.3 - - -1.3 -0.1

Latin America(3)

 105.6 105.0 1.4 - - 0.1 -0.6

Mexico

 110.0 110.1 3.6 - - -0.5 0.1

Pacific Rim(4)

 112.4 113.6 3.4 - - 0.5 1.1

China

 113.8 113.0 4.1 - - -0.2 -0.7

Japan

 109.2 112.5 5.4 - - 0.8 3.0

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.
Oct and Nov 2025 one-month percent changes are not available due to the 2025 lapse in appropriations.
Regions are not mutually exclusive.
Dash = Not available
Table of Contents
Last Modified Date: March 05, 2026