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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: December 2020 to December 2021(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Nov.
2021
Dec.
2021
Annual Monthly
Dec.
2020
to
Dec.
2021
Aug.
2021
to
Sep.
2021
Sep.
2021
to
Oct.
2021
Oct.
2021
to
Nov.
2021
Nov.
2021
to
Dec.
2021

Industrialized Countries(2)

99.2 98.6 -1.5 0.7 -0.4 -0.3 -0.6

Canada

88.5 89.3 -11.0 1.5 -4.0 -1.6 0.9

European Union

104.8 103.7 3.2 0.0 2.2 0.4 -1.0

Germany

103.8 103.8 -3.5 0.0 0.0 -0.5 0.0

Latin America(3)

113.2 109.6 8.4 -0.7 0.7 -0.4 -3.2

Mexico

117.8 115.0 14.2 -1.0 1.0 -0.1 -2.4

Pacific Rim(4)

110.8 108.9 7.6 -0.1 0.8 0.9 -1.7

China

109.0 106.8 4.6 -0.6 0.7 0.8 -2.0

Japan

111.1 108.9 8.7 0.6 1.1 1.0 -2.0

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

Last Modified Date: January 14, 2022