Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Export prices in March 2008

April 15, 2008

Export prices rose 1.5 percent in March, after advancing 1.1 percent and 1.2 percent for the prior two months.

Over-the-month percent change in price index for exports, March 2007-March 2008 (not seasonally adjusted)
[Chart data—TXT]

The rise in the export price index in March was the largest one-month increase for the index since overall export prices were first published monthly in December 1988. The index advanced 7.9 percent over the past year, the largest 12-month advance since an 8.7-percent increase for the September 1987-88 period.

Both the monthly and annual increases were driven by higher agricultural prices, up 4.1 percent in March and 33.4 percent over the past 12 months. Soybeans and corn prices were the largest contributors to the March increases, rising 9.6 percent and 7.9 percent, respectively. In contrast, the increase over the past year was led by a 145.2-percent jump in wheat prices.

Nonagricultural prices advanced 1.2 percent in March which was the largest monthly rise since October 1990. The index increased 5.6 percent over the past year.

These data are from the BLS International Price program. Export price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes -- March 2008" (PDF) (HTML), news release USDL 08-0457.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Export prices in March 2008 at https://www.bls.gov/opub/ted/2008/apr/wk2/art02.htm (visited March 28, 2024).

OF INTEREST
spotlight
Recent editions of Spotlight on Statistics


triangle