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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 2024 to March 2025(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Feb.
2025		 Mar.
2025		 Annual Monthly
Mar.
2024
to
Mar.
2025		 Nov.
2024
to
Dec.
2024		 Dec.
2024
to
Jan.
2025		 Jan.
2025
to
Feb.
2025		 Feb.
2025
to
Mar.
2025

Industrialized Countries(2)

 104.4 105.2 2.6 -0.4 0.8 0.4 0.8

Canada

 99.2 103.1 3.7 -0.7 -0.6 -0.1 3.9

European Union

 103.5 103.4 -0.6 -0.1 2.6 -0.6 -0.1

Germany

 113.6 116.1 1.8 0.3 -0.7 -1.2 2.2

Latin America(3)

 104.4 104.2 -1.6 -0.8 1.6 0.8 -0.2

Mexico

 107.8 107.4 0.1 -0.5 1.8 1.4 -0.4

Pacific Rim(4)

 110.1 110.0 -0.4 -0.1 1.1 0.3 -0.1

China

 109.0 109.3 2.3 0.0 1.2 0.4 0.3

Japan

 107.1 107.3 3.8 -1.0 0.6 0.4 0.2

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, 2025