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Prices for U.S. imports increased 10.6 percent for the year ended in April 2021. This was the largest increase since a gain of 11.1 percent for the year ended in October 2011. Prices for imported manufactured goods increased 5.9 percent over the past year. Within manufactured goods, prices for imported petroleum and coal products increased 61.3 percent, while primary metal prices increased 42.6 percent and food manufacturing prices were up 8.3 percent over this 12-month period.
Industry | 12-month percent change, April 2020–April 2021 | 1-month percent change, March 2021–April 2021 | Relative importance weight, March 2021 |
---|---|---|---|
Manufacturing |
5.9% | 0.8% | 91.495% |
Transportation equipment manufacturing |
1.3 | 0.2 | 16.890 |
Computer and electronic product manufacturing |
0.1 | 0.1 | 16.113 |
Chemical manufacturing |
5.9 | 1.2 | 10.786 |
Machinery manufacturing |
1.8 | 0.4 | 7.716 |
Miscellaneous manufacturing |
2.1 | -0.4 | 5.300 |
Electrical equipment, appliance, and component manufacturing |
0.3 | 0.4 | 5.149 |
Primary metal manufacturing |
42.6 | 2.0 | 4.842 |
Food manufacturing |
8.3 | 2.2 | 3.641 |
Apparel manufacturing |
0.1 | -0.1 | 3.639 |
Fabricated metal product manufacturing |
5.6 | 1.0 | 3.228 |
Plastics and rubber products manufacturing |
4.0 | -0.2 | 2.435 |
Petroleum and coal products manufacturing |
61.3 | 6.0 | 2.419 |
Furniture and related product manufacturing |
1.3 | 0.3 | 1.729 |
Leather and allied product manufacturing |
-0.3 | 0.0 | 1.571 |
Beverage and tobacco product manufacturing |
2.2 | 0.2 | 1.197 |
Nonmetallic mineral product manufacturing |
0.7 | 0.2 | 0.996 |
Paper manufacturing |
4.4 | 0.7 | 0.937 |
Textile product mills |
0.7 | 0.4 | 0.930 |
Note: Data may be revised in each of the 3 months after original publication. Relative importance figures are based on 2019 trade values. Because not all industries are shown, manufacturing component industries do not sum to total. |
Prices for imports of computer and electronic products, which made up 16.1 percent of total imports, changed little over the year. Prices for transportation equipment, which were 16.9 percent of imports, increased 1.3 percent over the year ended in April 2021.
These data are from the International Price program. Import and export price data are subject to revision. To learn more, see “U.S. Import and Export Prices — April 2021.” Also see more charts on import and export price trends.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import petroleum and coal prices up 61.3 percent for the year ended in April 2021 at https://www.bls.gov/opub/ted/2021/import-petroleum-and-coal-prices-up-61-3-percent-for-the-year-ended-in-april-2021.htm (visited October 31, 2024).