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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: June 2023 to June 2024(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
May
2024		 Jun.
2024		 Annual Monthly
Jun.
2023
to
Jun.
2024		 Feb.
2024
to
Mar.
2024		 Mar.
2024
to
Apr.
2024		 Apr.
2024
to
May
2024		 May
2024
to
Jun.
2024

Industrialized Countries(2)

 100.9 101.0 0.5 -0.3 -0.7 -0.9 0.1

Canada

 96.8 97.0 -0.9 -0.6 -2.7 0.1 0.2

European Union

 103.4 102.6 2.1 1.2 0.9 -1.4 -0.8

Germany

 114.8 114.6 7.4 0.4 0.7 0.0 -0.2

Latin America(3)

 105.7 104.1 -2.5 -0.6 0.6 -0.8 -1.5

Mexico

 108.4 110.2 0.2 -0.4 1.4 -0.4 1.7

Pacific Rim(4)

 110.7 110.9 2.7 0.2 0.8 -0.5 0.2

China

 107.5 107.1 1.2 0.4 0.8 -0.2 -0.4

Japan

 104.7 105.3 -0.8 -0.6 1.6 -0.4 0.6

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: July 16, 2024