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

Industrialized Countries(2)

 107.2 108.1 3.5 - 0.8 -0.1 0.8

Canada

 105.2 105.5 6.7 - 1.1 -0.3 0.3

European Union

 102.6 105.3 1.8 - 0.9 -0.1 2.6

Germany

 118.4 120.7 6.5 - -1.3 0.6 1.9

Latin America(3)

 104.6 105.6 1.2 - 0.1 -0.9 1.0

Mexico

 109.5 110.9 2.8 - -0.5 -0.5 1.3

Pacific Rim(4)

 113.5 113.5 3.0 - 0.5 1.0 0.0

China

 114.9 115.1 5.6 - 0.0 0.8 0.2

Japan

 110.9 113.0 5.2 - 1.1 1.2 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.
Nov 2025 one-month percent changes are not available due to the 2025 lapse in appropriations.
Regions are not mutually exclusive.
Dash = Not available
Table of Contents
Last Modified Date: March 25, 2026