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Prices for U.S. exports rose 4.5 percent in March 2022

April 22, 2022

Prices for U.S. exports rose 4.5 percent in March 2022 following a 3.0-percent rise in February and a 2.8-percent increase in January. All three advances were the largest monthly increases since 1-month percent changes were first published in January 1989.

Percent changes in U.S. export prices for selected goods, March 2022
Month All commodities, 1-month change Agricultural commodities, 1-month change Nonagricultural commodities, 1-month change All commodities, 12-month change Agricultural commodities, 12-month change Nonagricultural commodities, 12-month change

Mar 2017

0.1% 1.1% 0.0% 3.4% 5.4% 3.2%

Apr 2017

0.2 0.1 0.3 3.1 4.6 3.0

May 2017

-0.6 -1.6 -0.4 1.4 -0.1 1.6

Jun 2017

-0.1 -1.4 0.0 0.6 -3.8 1.0

Jul 2017

0.5 1.8 0.3 0.9 -1.8 1.1

Aug 2017

0.6 0.0 0.7 2.3 1.7 2.4

Sep 2017

0.8 -0.7 0.9 2.8 2.1 2.8

Oct 2017

0.1 2.0 -0.1 2.7 3.6 2.6

Nov 2017

0.5 -0.7 0.7 3.1 2.1 3.3

Dec 2017

0.1 -0.3 0.0 2.8 1.9 2.8

Jan 2018

0.7 0.0 0.8 3.3 1.5 3.5

Feb 2018

0.2 0.6 0.2 3.1 0.7 3.4

Mar 2018

0.4 3.2 0.1 3.4 2.8 3.5

Apr 2018

0.5 -1.1 0.7 3.7 1.6 3.9

May 2018

0.7 1.6 0.6 5.0 4.8 4.9

Jun 2018

0.2 -1.0 0.3 5.3 5.3 5.3

Jul 2018

-0.5 -5.2 0.1 4.3 -1.9 5.0

Aug 2018

-0.1 0.4 -0.2 3.6 -1.5 4.1

Sep 2018

0.0 -1.3 0.2 2.7 -2.1 3.3

Oct 2018

0.5 -0.1 0.5 3.1 -4.1 3.9

Nov 2018

-0.8 1.7 -1.0 1.8 -1.7 2.2

Dec 2018

-0.6 3.8 -1.1 1.1 2.3 1.0

Jan 2019

-0.6 -2.1 -0.4 -0.2 0.1 -0.2

Feb 2019

0.6 0.2 0.7 0.2 -0.3 0.3

Mar 2019

0.7 0.9 0.7 0.6 -2.4 0.9

Apr 2019

0.1 -1.4 0.2 0.2 -2.7 0.5

May 2019

-0.3 -1.1 -0.2 -0.9 -5.3 -0.3

Jun 2019

-0.6 2.4 -0.9 -1.6 -2.0 -1.5

Jul 2019

0.2 0.2 0.2 -0.9 3.5 -1.5

Aug 2019

-0.6 -2.4 -0.3 -1.4 0.6 -1.6

Sep 2019

-0.3 -1.6 -0.2 -1.7 0.2 -1.9

Oct 2019

0.0 1.7 -0.2 -2.2 2.0 -2.7

Nov 2019

0.1 2.4 -0.1 -1.3 2.7 -1.7

Dec 2019

-0.2 -0.1 -0.2 -0.9 -1.2 -0.8

Jan 2020

0.6 2.0 0.6 0.4 3.1 0.2

Feb 2020

-1.2 -2.9 -1.1 -1.4 -0.1 -1.6

Mar 2020

-1.4 -1.4 -1.4 -3.5 -2.4 -3.7

Apr 2020

-3.5 -3.3 -3.5 -7.0 -4.3 -7.2

May 2020

0.0 -0.4 0.0 -6.7 -3.7 -7.0

Jun 2020

1.8 1.6 1.7 -4.5 -4.5 -4.5

Jul 2020

1.0 1.6 0.9 -3.7 -3.1 -3.8

Aug 2020

0.5 -2.2 0.9 -2.7 -2.9 -2.6

Sep 2020

0.6 2.8 0.3 -1.8 1.4 -2.2

Oct 2020

0.2 3.5 -0.2 -1.7 3.2 -2.1

Nov 2020

0.8 3.5 0.5 -1.0 4.3 -1.6

Dec 2020

1.2 1.0 1.3 0.4 5.4 -0.1

Jan 2021

2.7 6.0 2.3 2.5 9.6 1.6

Feb 2021

1.6 2.7 1.5 5.4 15.9 4.3

Mar 2021

2.5 2.4 2.5 9.6 20.4 8.4

Apr 2021

1.2 0.7 1.2 15.0 25.5 13.7

May 2021

2.3 6.1 1.8 17.6 33.7 15.8

Jun 2021

1.2 1.4 1.1 16.9 33.4 15.1

Jul 2021

1.1 -1.7 1.3 17.0 29.1 15.6

Aug 2021

0.2 0.9 0.1 16.6 33.2 14.8

Sep 2021

0.3 -1.5 0.5 16.3 27.6 15.1

Oct 2021

1.9 1.1 2.0 18.3 24.7 17.6

Nov 2021

0.7 1.1 0.6 18.1 21.9 17.7

Dec 2021

-1.6 0.7 -1.9 14.9 21.5 14.1

Jan 2022

2.8 3.0 2.7 15.0 18.0 14.5

Feb 2022

3.0 2.9 3.0 16.5 18.2 16.2

Mar 2022

4.5 4.7 4.5 18.8 20.8 18.5

Higher prices for both agricultural and nonagricultural exports in March contributed to the overall rise in U.S. export prices. The price index for agricultural exports rose 4.7 percent in March, the largest monthly advance since May 2021. Nonagricultural export prices rose 4.5 percent in March, after 3.0-percent and 2.7-percent increases the 2 previous months.

U.S. export prices advanced 18.8 percent over the past year, the largest over-the-year increase since 12-month percent changes were first published in September 1984.

These data are from the International Price program and are not seasonally adjusted. To learn more, see "U.S. Import and Export Price Indexes — March 2022." Also see 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, Prices for U.S. exports rose 4.5 percent in March 2022 at https://www.bls.gov/opub/ted/2022/prices-for-u-s-exports-rose-4-5-percent-in-march-2022.htm (visited May 27, 2022).

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