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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: September 2025 to September 2026(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Aug.
2026		 Sep.
2026		 Annual Monthly
Sep.
2025
to
Sep.
2026		 May
2026
to
Jun.
2026		 Jun.
2026
to
Jul.
2026		 Jul.
2026
to
Aug.
2026		 Aug.
2026
to
Sep.
2026

Industrialized Countries(2)

 108.0 108.4 2.1 -0.5 -0.1 0.9 0.4

Canada

 97.7 97.4 -6.7 -0.6 2.1 1.6 -0.3

European Union

 108.2 112.1 10.1 -0.9 -2.1 0.1 3.6

Germany

 127.2 131.3 12.5 2.3 -3.9 1.4 3.2

Latin America(3)

 111.8 113.3 7.2 0.1 0.2 1.6 1.3

Mexico

 119.1 121.4 10.7 0.3 1.5 1.6 1.9

Pacific Rim(4)

 113.2 114.2 2.5 -0.6 -2.5 -0.9 0.9

China

 115.1 117.4 4.3 -0.3 -0.6 -0.6 2.0

Japan

 114.2 115.5 4.9 1.2 -0.3 -0.7 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: October 16, 2026