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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 2024 to February 2025(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Jan.
2025		 Feb.
2025		 Annual Monthly
Feb.
2024
to
Feb.
2025		 Oct.
2024
to
Nov.
2024		 Nov.
2024
to
Dec.
2024		 Dec.
2024
to
Jan.
2025		 Jan.
2025
to
Feb.
2025

Industrialized Countries(2)

 104.0 103.7 0.9 0.0 -0.3 0.7 -0.3

Canada

 99.4 100.7 0.7 -0.2 -0.7 -0.5 1.3

European Union

 103.9 102.5 -0.3 -0.5 -0.1 2.4 -1.3

Germany

 115.2 112.1 -1.3 0.4 0.3 -0.5 -2.7

Latin America(3)

 103.5 103.4 -2.9 -1.0 -0.8 1.5 -0.1

Mexico

 106.1 106.9 -0.7 -1.7 -0.5 1.6 0.8

Pacific Rim(4)

 109.6 109.4 -0.7 -0.5 -0.1 0.9 -0.2

China

 107.8 107.2 0.8 -0.1 0.0 0.5 -0.6

Japan

 106.6 107.8 3.7 0.3 -1.0 0.5 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: March 18, 2025