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 2023 to January 2024(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Dec.
2023
Jan.
2024
Annual Monthly
Jan.
2023
to
Jan.
2024
Sep.
2023
to
Oct.
2023
Oct.
2023
to
Nov.
2023
Nov.
2023
to
Dec.
2023
Dec.
2023
to
Jan.
2024

Industrialized Countries(2)

102.3 102.2 2.1 -0.1 0.5 1.0 -0.1

Canada

101.6 101.3 8.9 1.1 3.1 3.8 -0.3

European Union

100.9 101.7 -0.4 -0.4 -1.2 -0.7 0.8

Germany

109.5 114.5 8.3 -0.3 0.5 -0.2 4.6

Latin America(3)

105.6 105.2 -6.7 -0.4 -1.5 -1.9 -0.4

Mexico

108.1 107.5 -6.8 0.5 -1.7 -1.1 -0.6

Pacific Rim(4)

108.0 108.5 -0.7 -0.4 -0.5 -0.1 0.5

China

107.1 106.5 -0.6 -0.4 -0.4 0.3 -0.6

Japan

102.5 100.6 -9.2 0.4 -1.8 0.2 -1.9

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

Last Modified Date: February 15, 2024