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Manufacturing export prices up 5.8 percent over the year ended November 2022
December 22, 2022
Prices for U.S. exports increased 6.3 percent from November 2021 to November 2022, the smallest 12-month increase since February 2021. Prices for manufacturing exports increased 5.8 percent over the year ended November 2022, after increasing 11.8 percent over the year ended November 2021. Manufacturing export prices decreased 0.8 percent over the year ended November 2020, and 0.6 percent over the year ended November 2019.
Percent change in U.S. export prices, selected manufacturing industries, 12 months ending in November, 2018–2022
12 months ending
Manufacturing, total
Chemical manufacturing
Computer and electronic product manufacturing
Transportation equipment manufacturing
Petroleum and coal products manufacturing
Machinery manufacturing
Food manufacturing
Nov 2018
2.4%
3.6%
-0.4%
1.9%
10.0%
2.1%
-0.9%
Nov 2019
-0.6
-2.3
-1.7
1.3
-9.3
1.6
2.0
Nov 2020
-0.8
1.1
-0.1
0.9
-30.8
-0.3
1.1
Nov 2021
11.8
17.3
1.8
2.7
90.0
4.9
20.7
Nov 2022
5.8
-2.3
1.3
4.1
37.4
5.8
8.0
Prices for petroleum and coal products exports increased 37.4 percent over the 12 months ended November 2022. Over the 12-month period ended November 2021, export prices for these products increased 90.0 percent.
Export food prices went up 8.0 percent over the most recent 12 months, after increasing 20.7 percent over the 12-month period ended November 2021.
United States Department of Labor
