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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: July 2024 to July 2025(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Jun.
2025		 Jul.
2025		 Annual Monthly
Jul.
2024
to
Jul.
2025		 Mar.
2025
to
Apr.
2025		 Apr.
2025
to
May
2025		 May
2025
to
Jun.
2025		 Jun.
2025
to
Jul.
2025

Industrialized Countries(2)

 106.3 105.6 2.9 0.4 0.0 0.9 -0.7

Canada

 103.6 104.7 7.7 0.9 1.4 0.5 1.1

European Union

 102.4 101.7 -3.1 -0.4 -1.4 0.5 -0.7

Germany

 115.6 114.9 -0.3 0.0 -0.2 0.0 -0.6

Latin America(3)

 104.6 104.2 -1.1 -0.5 -0.5 0.5 -0.4

Mexico

 109.2 108.4 0.7 0.1 -0.2 0.7 -0.7

Pacific Rim(4)

 110.6 111.1 0.6 0.3 -0.5 0.6 0.5

China

 109.4 110.5 3.6 1.7 0.4 -2.6 1.0

Japan

 106.7 105.4 -1.0 -0.1 -1.2 0.5 -1.2

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: August 15, 2025