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Import prices up 6.9 percent, export prices up 9.1 percent for year ending March 2021

April 19, 2021

U.S. import prices increased 6.9 percent from March 2020 to March 2021, the largest over-the-year rise since January 2012.

Percent change in U.S. import and export price indexes, March 2020 to March 2021
Category Percent change

All imports

6.9%

Fuel imports

54.3

Nonfuel imports

3.8

All exports

9.1

Agricultural exports

20.5

Nonagricultural exports

7.9

Import fuel prices rose 54.3 percent for the year ended in March 2021, the largest 12-month rise since February 2017.

Nonfuel import prices rose 3.8 percent from March 2020 to March 2021, the largest 12-month increase since October 2011.

U.S. export prices rose 9.1 percent from March 2020 to March 2021, the largest over-the-year increase since September 2011.

Agricultural export prices advanced 20.5 percent over the past 12 months, the largest over-the-year rise since September 2011. The 12-month increase was primarily driven by rising prices for soybeans, corn, meat, and fruit.

Nonagricultural export prices increased 7.9 percent over the past 12 months, the largest over-the-year advance since September 2011.

These data are from the International Price program. Import prices are subject to revision. To learn more, see “U.S. Import and Export Prices — March 2021.” See more charts on import and export price trends in Charts related to the latest “U.S. Import and Export Price Indexes” news release.    

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices up 6.9 percent, export prices up 9.1 percent for year ending March 2021 at https://www.bls.gov/opub/ted/2021/import-prices-up-6-9-percent-export-prices-up-9-1-percent-for-year-ending-march-2021.htm (visited December 05, 2021).

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