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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: March 2020 to March 2021(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Feb.
2021		 Mar.
2021		 Annual Monthly
Mar.
2020
to
Mar.
2021		 Nov.
2020
to
Dec.
2020		 Dec.
2020
to
Jan.
2021		 Jan.
2021
to
Feb.
2021		 Feb.
2021
to
Mar.
2021

Industrialized Countries(2)

 98.3 97.5 -4.0 -1.1 -0.8 -1.0 -0.8

Canada

 94.8 92.5 -16.3 -3.4 -3.0 -2.6 -2.4

European Union

 101.9 102.1 1.3 0.5 0.7 0.7 0.2

Germany

 107.1 106.0 -0.9 -0.3 0.0 -0.5 -1.0

Latin America(3)

 105.6 108.2 4.7 0.9 2.9 1.5 2.5

Mexico

 104.8 106.2 4.9 0.9 2.3 1.7 1.3

Pacific Rim(4)

 103.5 105.9 7.5 0.9 1.5 0.8 2.3

China

 102.4 105.6 9.8 1.2 -0.3 0.6 3.1

Japan

 103.6 104.7 10.0 1.1 2.0 1.4 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: April 14, 2021