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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: April 2025 to April 2026(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Mar.
2026		 Apr.
2026		 Annual Monthly
Apr.
2025
to
Apr.
2026		 Dec.
2025
to
Jan.
2026		 Jan.
2026
to
Feb.
2026		 Feb.
2026
to
Mar.
2026		 Mar.
2026
to
Apr.
2026

Industrialized Countries(2)

 108.8 109.1 3.5 -0.3 1.3 0.4 0.3

Canada

 103.5 99.7 -2.0 -0.2 0.7 -2.3 -3.7

European Union

 107.1 111.0 7.5 -0.6 2.3 2.4 3.6

Germany

 123.2 125.5 8.4 0.2 3.3 1.2 1.9

Latin America(3)

 106.0 108.8 4.0 -0.9 0.6 0.8 2.6

Mexico

 111.1 112.6 3.7 -0.6 1.0 0.5 1.4

Pacific Rim(4)

 114.7 116.7 5.7 0.5 0.6 0.9 1.7

China

 115.4 116.9 4.5 1.1 -0.3 1.2 1.3

Japan

 113.0 115.4 7.3 1.3 2.3 -0.5 2.1

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: May 14, 2026