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Export prices up 18.0 percent from October 2020 to October 2021, largest advance on record

November 29, 2021

Prices for U.S. exports rose 18.0 percent from October 2020 to October 2021. The increase was the largest since BLS first published 12-month percent changes for U.S. export prices in September 1984. Higher prices for both nonagricultural and agricultural exports contributed to the year-over-year advance. Nonagricultural export prices rose 17.2 percent over the past 12 months. Over the same period, prices for agricultural exports advanced 24.5 percent.

U.S. export prices, 12-month percent change, January 2011–October 2021
Month All exports Agricultural exports Nonagricultural exports

Jan 2011

7.0% 22.7% 5.4%

Feb 2011

8.7 33.6 6.3

Mar 2011

9.5 34.0 7.1

Apr 2011

9.2 33.9 6.8

May 2011

9.1 30.4 7.0

Jun 2011

10.1 31.4 8.0

Jul 2011

9.8 26.4 8.2

Aug 2011

9.4 23.2 8.0

Sep 2011

9.4 22.7 7.9

Oct 2011

6.3 11.5 5.8

Nov 2011

4.8 5.4 4.8

Dec 2011

3.6 1.0 4.0

Jan 2012

2.6 -0.9 3.2

Feb 2012

1.8 -5.7 2.8

Mar 2012

1.1 -5.4 1.9

Apr 2012

0.7 -3.1 1.2

May 2012

-0.2 -1.6 0.0

Jun 2012

-2.1 -5.8 -1.6

Jul 2012

-1.3 3.9 -1.9

Aug 2012

-0.9 7.1 -1.9

Sep 2012

-0.6 6.4 -1.5

Oct 2012

1.5 11.9 0.2

Nov 2012

0.8 10.6 -0.3

Dec 2012

1.1 13.4 -0.3

Jan 2013

1.2 10.7 0.0

Feb 2013

1.5 13.4 0.0

Mar 2013

0.2 8.7 -0.8

Apr 2013

-0.8 4.3 -1.5

May 2013

-0.8 5.0 -1.6

Jun 2013

0.8 9.6 -0.2

Jul 2013

0.3 3.1 -0.2

Aug 2013

-1.1 -5.6 -0.6

Sep 2013

-1.6 -6.3 -0.9

Oct 2013

-2.2 -5.9 -1.7

Nov 2013

-1.5 -6.6 -0.9

Dec 2013

-1.0 -6.4 -0.4

Jan 2014

-1.0 -5.3 -0.5

Feb 2014

-1.0 -5.9 -0.5

Mar 2014

0.4 -1.4 0.5

Apr 2014

-0.1 2.2 -0.2

May 2014

0.6 1.4 0.5

Jun 2014

0.2 -1.2 0.3

Jul 2014

0.4 -2.7 0.7

Aug 2014

0.4 -1.6 0.5

Sep 2014

-0.4 -3.7 -0.1

Oct 2014

-0.7 -4.6 -0.3

Nov 2014

-1.7 -4.2 -1.4

Dec 2014

-3.0 -5.2 -2.8

Jan 2015

-5.0 -6.4 -4.9

Feb 2015

-5.8 -9.7 -5.3

Mar 2015

-6.7 -13.7 -5.8

Apr 2015

-6.3 -15.7 -5.3

May 2015

-6.0 -17.0 -4.7

Jun 2015

-5.8 -16.8 -4.5

Jul 2015

-6.2 -14.4 -5.3

Aug 2015

-7.1 -13.9 -6.3

Sep 2015

-7.3 -13.8 -6.6

Oct 2015

-6.7 -11.8 -6.1

Nov 2015

-6.5 -12.7 -5.8

Dec 2015

-6.6 -12.9 -5.9

Jan 2016

-5.9 -12.8 -5.1

Feb 2016

-6.1 -10.2 -5.8

Mar 2016

-6.2 -10.7 -5.8

Apr 2016

-5.1 -9.1 -4.7

May 2016

-4.5 -5.2 -4.4

Jun 2016

-3.5 -1.3 -3.8

Jul 2016

-3.0 -2.6 -3.0

Aug 2016

-2.4 -3.5 -2.3

Sep 2016

-1.5 -3.1 -1.3

Oct 2016

-1.1 -2.7 -0.8

Nov 2016

-0.2 -1.1 -0.2

Dec 2016

1.3 -0.3 1.4

Jan 2017

2.4 1.3 2.4

Feb 2017

3.2 2.1 3.3

Mar 2017

3.4 5.4 3.2

Apr 2017

3.1 4.6 3.0

May 2017

1.4 -0.1 1.6

Jun 2017

0.6 -3.8 1.0

Jul 2017

0.9 -1.8 1.1

Aug 2017

2.3 1.7 2.4

Sep 2017

2.8 2.1 2.8

Oct 2017

2.7 3.6 2.6

Nov 2017

3.1 2.1 3.3

Dec 2017

2.8 1.9 2.8

Jan 2018

3.3 1.5 3.5

Feb 2018

3.1 0.7 3.4

Mar 2018

3.4 2.8 3.5

Apr 2018

3.7 1.6 3.9

May 2018

5.0 4.8 4.9

Jun 2018

5.3 5.3 5.3

Jul 2018

4.3 -1.9 5.0

Aug 2018

3.6 -1.5 4.1

Sep 2018

2.7 -2.1 3.3

Oct 2018

3.1 -4.1 3.9

Nov 2018

1.8 -1.7 2.2

Dec 2018

1.1 2.3 1.0

Jan 2019

-0.2 0.1 -0.2

Feb 2019

0.2 -0.3 0.3

Mar 2019

0.6 -2.4 0.9

Apr 2019

0.2 -2.7 0.5

May 2019

-0.9 -5.3 -0.3

Jun 2019

-1.6 -2.0 -1.5

Jul 2019

-0.9 3.5 -1.5

Aug 2019

-1.4 0.6 -1.6

Sep 2019

-1.7 0.2 -1.9

Oct 2019

-2.2 2.0 -2.7

Nov 2019

-1.3 2.7 -1.7

Dec 2019

-0.9 -1.2 -0.8

Jan 2020

0.4 3.1 0.2

Feb 2020

-1.4 -0.1 -1.6

Mar 2020

-3.5 -2.4 -3.7

Apr 2020

-7.0 -4.3 -7.2

May 2020

-6.7 -3.7 -7.0

Jun 2020

-4.5 -4.5 -4.5

Jul 2020

-3.7 -3.1 -3.8

Aug 2020

-2.7 -2.9 -2.6

Sep 2020

-1.8 1.4 -2.2

Oct 2020

-1.7 3.2 -2.1

Nov 2020

-1.0 4.3 -1.6

Dec 2020

0.4 5.4 -0.1

Jan 2021

2.5 9.6 1.6

Feb 2021

5.4 15.9 4.3

Mar 2021

9.6 20.4 8.4

Apr 2021

15.0 25.5 13.7

May 2021

17.6 33.7 15.8

Jun 2021

16.9 33.4 15.1

Jul 2021

17.0 29.1 15.6

Aug 2021

16.7 33.2 14.9

Sep 2021

16.5 27.5 15.3

Oct 2021

18.0 24.5 17.2

The 12-month rise in U.S. export prices was driven by a 7.0-percent increase from December 2020 to March 2021, the largest 3-month advance since the index was first published.

These data are from the International Price program. To learn more, see “U.S. Import and Export Price Indexes — October 2021." 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.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Export prices up 18.0 percent from October 2020 to October 2021, largest advance on record at https://www.bls.gov/opub/ted/2021/export-prices-up-18-0-percent-from-october-2020-to-october-2021-largest-advance-on-record.htm (visited September 29, 2022).

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