U.S. terms of trade with Canada rise 22.0 percent for year ending April 2020
May 21, 2020
Terms of trade measure the change in the purchasing power of U.S. exports compared with imports. From April 2019 to April 2020, the U.S. terms of trade with Canada rose 22.0 percent, due to a 6.7-percent drop in export prices to Canada and a 23.5-percent drop in import prices from Canada. Over the same period, the U.S. terms of trade with industrialized countries rose 2.7 percent. Terms of trade with Pacific Rim countries fell 5.8 percent from April 2019 to April 2020.
|Country or group of countries||Percent change|
Among Pacific Rim countries, U.S. terms of trade with Japan fell 8.3 percent over the year. The U.S. terms of trade fell because export prices to Japan dropped 8.5 percent, while import prices from Japan declined by 0.1 percent.
These data are from the International Price program. To learn more, see “U.S. Import and Export Price Indexes — April 2020." Also see our blog post about measuring terms of trade. We also have more charts on U.S. import and export prices. Import and export price changes may be revised in each of the 3 months after original publication.
The countries that compose the groups are:
Industrialized countries: Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
Latin America: Mexico, Central America, South America, and the Caribbean.
Pacific Rim: China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, Hong Kong, Singapore, South Korea, and Taiwan.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. terms of trade with Canada rise 22.0 percent for year ending April 2020 on the Internet at https://www.bls.gov/opub/ted/2020/u-s-terms-of-trade-with-canada-rise-22-point-0-percent-for-year-ending-april-2020.htm (visited May 28, 2020).
Recent editions of Spotlight on Statistics
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.
- Job Flexibilities and Work Schedules in 2017–18
Examines data on job flexibilities, such as working at home, flexible schedules, and shift work.
- Labor Market Activity of Blacks in the United States
Examines data on the labor market and related topics for the Black or African American population.
- Workers’ Access to and Use of Leave from Their Jobs in 2017–18
Examines the reasons for which workers can take leave, their use of leave, and the reasons they did not take available leave even when they needed to.