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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: September 2023 to September 2024(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Aug.
2024
Sep.
2024
Annual Monthly
Sep.
2023
to
Sep.
2024
May
2024
to
Jun.
2024
Jun.
2024
to
Jul.
2024
Jul.
2024
to
Aug.
2024
Aug.
2024
to
Sep.
2024

Industrialized Countries(2)

102.2 102.4 1.5 0.8 0.5 -0.4 0.2

Canada

98.5 99.6 6.0 0.5 -0.7 1.3 1.1

European Union

103.0 101.3 -1.8 -0.1 1.5 -1.8 -1.7

Germany

114.4 114.5 4.7 -0.1 0.3 -0.7 0.1

Latin America(3)

104.2 103.2 -5.8 -1.2 1.1 -1.1 -1.0

Mexico

106.7 106.5 -3.8 -0.4 -0.2 -0.9 -0.2

Pacific Rim(4)

108.7 107.4 -1.5 0.5 -0.5 -1.5 -1.2

China

104.0 103.6 -3.7 -0.2 -0.7 -1.9 -0.4

Japan

104.9 104.5 0.7 1.6 -0.5 -1.3 -0.4

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: October 16, 2024