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

Industrialized Countries(2)

 105.3 105.3 3.9 0.4 0.6 0.3 0.0

Canada

 102.1 103.8 6.6 -0.4 1.9 1.3 1.7

European Union

 102.9 101.6 -1.8 -0.7 0.3 -0.8 -1.3

Germany

 114.6 113.9 -0.9 -1.5 2.0 -0.9 -0.6

Latin America(3)

 104.8 103.8 -1.7 0.8 0.8 -0.3 -1.0

Mexico

 108.7 107.9 -0.4 1.5 0.6 0.2 -0.7

Pacific Rim(4)

 110.7 109.9 -0.5 0.3 0.0 0.5 -0.7

China

 111.6 112.0 4.7 0.4 0.7 1.6 0.4

Japan

 107.4 106.5 1.3 0.7 0.2 -0.2 -0.8

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: June 17, 2025