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.

U.S. terms of trade with Mexico rose from March 2020 to March 2021

April 29, 2021

U.S terms of trade with Mexico advanced 4.9 percent for the year ended in March 2021, the largest over-the-year increase since the index was first published in December 2017. From March 2020 to March 2021, higher export prices to Mexico more than offset price increases for imports from Mexico, driving up the U.S. terms of trade. Prices for exports to Mexico advanced 9.3 percent over the past year, while import prices from Mexico rose 4.2 percent.

12-month percent change in U.S. terms of trade with Mexico, December 2018 to March 2021
Month Terms of trade Imports from Mexico Exports to Mexico

Dec 2018

1.8% -0.2% 1.6%

Jan 2019

1.3 -2.2 -0.9

Feb 2019

1.0 -1.2 -0.3

Mar 2019

2.2 -1.0 1.2

Apr 2019

0.2 0.2 0.3

May 2019

-0.9 0.2 -0.7

Jun 2019

-1.4 -0.9 -2.2

Jul 2019

-1.2 -0.6 -1.8

Aug 2019

-1.5 -1.0 -2.4

Sep 2019

-0.9 -2.0 -2.9

Oct 2019

-1.1 -2.8 -3.9

Nov 2019

1.0 -3.2 -2.3

Dec 2019

0.4 -2.1 -1.8

Jan 2020

1.6 -0.9 0.7

Feb 2020

-0.9 -1.4 -2.3

Mar 2020

-2.0 -2.0 -4.0

Apr 2020

-5.0 -3.9 -8.7

May 2020

-4.4 -2.9 -7.3

Jun 2020

-4.7 -0.8 -5.5

Jul 2020

-4.6 -0.4 -5.1

Aug 2020

-5.1 0.9 -4.3

Sep 2020

-4.3 1.1 -3.3

Oct 2020

-3.6 1.1 -2.6

Nov 2020

-3.1 1.2 -1.9

Dec 2020

-1.5 1.0 -0.5

Jan 2021

-0.5 1.8 1.4

Feb 2021

3.7 2.7 6.5

Mar 2021

4.9 4.2 9.3

The 12-month increase in U.S. terms of trade with Mexico was partly driven by a 5.5-percent advance from December to March, the largest 3-month rise since the index was first published in December 2017.

These data are from the International Price program. Terms of trade indexes are based on country, region, or grouping and measure the change in the purchasing power of exports relative to imports. To learn more, see “U.S. Import and Export Price Indexes — March 2021." 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.
 

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. terms of trade with Mexico rose from March 2020 to March 2021 at https://www.bls.gov/opub/ted/2021/u-s-terms-of-trade-with-mexico-rose-from-march-2020-to-march-2021.htm (visited October 26, 2021).

OF INTEREST
spotlight

Recent editions of Spotlight on Statistics

triangle