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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: December 2019 to December 2020(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Nov.
2020
Dec.
2020
Annual Monthly
Dec.
2019
to
Dec.
2020
Aug.
2020
to
Sep.
2020
Sep.
2020
to
Oct.
2020
Oct.
2020
to
Nov.
2020
Nov.
2020
to
Dec.
2020

Industrialized Countries(2)

100.9 100.0 0.7 0.5 0.5 0.5 -0.9

Canada

103.4 100.1 0.5 1.1 0.6 1.2 -3.2

European Union

99.7 100.6 -2.0 -0.5 -0.6 0.2 0.9

Germany

107.8 108.0 1.4 -0.7 -0.2 -0.4 0.2

Latin America(3)

100.1 100.8 -1.9 0.6 1.1 0.8 0.7

Mexico

99.6 100.6 -1.6 0.5 1.0 1.8 1.0

Pacific Rim(4)

100.1 101.0 1.1 0.0 0.5 0.9 0.9

China

100.7 102.2 3.0 -1.2 0.8 1.5 1.5

Japan

99.0 100.1 0.9 0.6 0.5 0.4 1.1

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: January 14, 2021