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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: July 2025 to July 2026(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Jun.
2026		 Jul.
2026		 Annual Monthly
Jul.
2025
to
Jul.
2026		 Mar.
2026
to
Apr.
2026		 Apr.
2026
to
May
2026		 May
2026
to
Jun.
2026		 Jun.
2026
to
Jul.
2026

Industrialized Countries(2)

 107.2 107.0 1.2 -0.3 -1.1 -0.4 -0.2

Canada

 94.7 98.8 -4.5 -4.7 -3.8 -0.1 4.3

European Union

 110.5 108.7 6.0 3.3 0.5 -0.8 -1.6

Germany

 131.3 126.1 8.9 1.5 1.9 3.0 -4.0

Latin America(3)

 109.9 110.2 5.4 2.2 1.1 0.2 0.3

Mexico

 115.5 116.2 6.8 1.7 1.7 0.3 0.6

Pacific Rim(4)

 116.7 113.1 1.3 2.4 0.1 -0.8 -3.1

China

 116.3 114.8 2.8 0.6 0.4 -0.5 -1.3

Japan

 115.2 114.8 8.6 1.0 0.3 1.1 -0.3

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: August 18, 2026