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U.S. import prices declined 1.1 percent from February 2022 to February 2023, the first 12-month decrease since the index fell 0.3 percent in December 2020 and the largest over-the-year drop since a 1.3-percent decline in September 2020. Prices for imports from China declined 0.4 percent over the past 12 months, the largest over-the-year decrease since July 2020.
Month | Canada | European Union | France | Germany | United Kingdom | Latin America | Mexico | Pacific Rim | China | Japan |
---|---|---|---|---|---|---|---|---|---|---|
Feb 2018 |
4.7% | 3.3% | 6.1% | -1.0% | 2.5% | 5.3% | 4.5% | 0.4% | 0.2% | -0.1% |
Mar 2018 |
5.3 | 3.2 | 5.8 | -1.1 | 2.9 | 5.1 | 3.9 | 0.5 | 0.2 | -0.1 |
Apr 2018 |
7.0 | 3.8 | 6.5 | -1.3 | 3.8 | 5.0 | 1.8 | 0.8 | 0.3 | 0.2 |
May 2018 |
9.7 | 4.1 | 6.9 | -1.1 | 4.3 | 6.2 | 1.8 | 1.0 | 0.4 | 0.2 |
Jun 2018 |
11.5 | 3.4 | 5.1 | -1.8 | 4.3 | 6.5 | 1.8 | 1.0 | 0.5 | 0.2 |
Jul 2018 |
11.5 | 3.5 | 4.6 | -2.2 | 3.8 | 6.2 | 1.4 | 0.8 | 0.3 | 0.6 |
Aug 2018 |
9.1 | 2.7 | 3.0 | -2.5 | 3.2 | 4.9 | 1.0 | 0.7 | 0.1 | 1.0 |
Sep 2018 |
6.0 | 2.2 | 2.4 | -2.8 | 2.6 | 4.3 | 0.4 | 0.7 | 0.4 | 0.8 |
Oct 2018 |
5.8 | 2.5 | 2.3 | -3.0 | 3.1 | 5.1 | 1.2 | 0.7 | 0.2 | 1.3 |
Nov 2018 |
-4.1 | 1.9 | 1.3 | -3.0 | 1.4 | 2.3 | 0.8 | 0.6 | -0.2 | 1.2 |
Dec 2018 |
-9.1 | 1.4 | 0.8 | -2.8 | 0.9 | -0.7 | -0.2 | 0.5 | -0.2 | 1.0 |
Jan 2019 |
-2.8 | 0.8 | -0.2 | 0.6 | 0.3 | -3.2 | -2.2 | 0.2 | -0.5 | 0.5 |
Feb 2019 |
5.8 | 0.4 | -0.7 | 0.2 | -0.1 | -2.1 | -1.2 | 0.0 | -0.8 | 0.4 |
Mar 2019 |
9.8 | 0.5 | -0.3 | 0.6 | 0.1 | -1.3 | -1.0 | -0.2 | -1.0 | 0.3 |
Apr 2019 |
9.9 | -0.1 | -0.3 | 0.0 | 0.3 | -1.3 | 0.2 | -0.7 | -1.2 | 0.1 |
May 2019 |
6.6 | -0.1 | -0.7 | -0.1 | -0.2 | -1.5 | 0.2 | -1.0 | -1.4 | 0.1 |
Jun 2019 |
1.7 | -0.3 | -1.0 | 0.2 | -1.1 | -2.3 | -0.9 | -1.2 | -1.6 | 0.2 |
Jul 2019 |
1.4 | -0.1 | -0.5 | 0.4 | -0.2 | -2.7 | -0.6 | -1.2 | -1.7 | 0.0 |
Aug 2019 |
1.8 | -0.3 | -0.6 | 0.4 | -0.2 | -2.8 | -1.0 | -1.2 | -1.7 | 0.2 |
Sep 2019 |
4.2 | -0.1 | -0.7 | 0.7 | 0.2 | -3.7 | -2.0 | -1.3 | -1.9 | 0.2 |
Oct 2019 |
2.8 | -0.4 | -1.0 | 0.6 | -0.2 | -5.9 | -2.8 | -1.4 | -1.8 | 0.2 |
Nov 2019 |
11.2 | 0.1 | 0.2 | 0.6 | 1.3 | -4.9 | -3.2 | -1.5 | -1.9 | 0.3 |
Dec 2019 |
15.5 | 0.4 | 0.4 | 1.0 | 1.9 | -2.0 | -2.1 | -1.2 | -1.7 | 0.3 |
Jan 2020 |
5.8 | 0.7 | 0.6 | 1.0 | 2.0 | -0.6 | -0.9 | -1.1 | -1.4 | 0.4 |
Feb 2020 |
-6.2 | 0.3 | 0.3 | 1.1 | 2.7 | -2.6 | -1.4 | -1.1 | -1.4 | 0.3 |
Mar 2020 |
-16.2 | -0.1 | -0.3 | 0.7 | 2.6 | -4.9 | -2.0 | -1.2 | -1.4 | 0.2 |
Apr 2020 |
-27.3 | -0.8 | -1.5 | 1.0 | -3.0 | -8.0 | -3.9 | -0.9 | -1.1 | 0.0 |
May 2020 |
-26.0 | -1.2 | -1.6 | 0.4 | -2.4 | -7.2 | -2.9 | -0.8 | -1.1 | -0.3 |
Jun 2020 |
-12.0 | -0.3 | -0.5 | 0.4 | -1.7 | -4.7 | -0.8 | -0.5 | -0.9 | 0.0 |
Jul 2020 |
-8.7 | 0.2 | 0.3 | 0.3 | -2.0 | -3.0 | -0.4 | -0.3 | -0.5 | -0.1 |
Aug 2020 |
-3.3 | 0.9 | 0.8 | 0.8 | -1.2 | -1.0 | 0.9 | -0.1 | -0.2 | -0.3 |
Sep 2020 |
-3.9 | 1.7 | 1.5 | 1.7 | -0.2 | -1.5 | 1.1 | 0.2 | 0.0 | -0.1 |
Oct 2020 |
-3.1 | 1.8 | 1.6 | 1.7 | -0.2 | -0.9 | 1.1 | 0.3 | 0.0 | 0.1 |
Nov 2020 |
-4.3 | 1.4 | 1.3 | 1.7 | -0.4 | -0.3 | 1.2 | 0.5 | 0.3 | 0.1 |
Dec 2020 |
0.1 | 2.1 | 2.0 | 1.8 | 0.9 | 0.3 | 1.0 | 0.6 | 0.5 | 0.4 |
Jan 2021 |
6.2 | 2.5 | 1.3 | 2.5 | 2.1 | 1.2 | 1.8 | 1.1 | 0.9 | 0.6 |
Feb 2021 |
15.5 | 3.6 | 4.0 | 2.8 | 2.7 | 3.3 | 2.8 | 1.4 | 1.4 | 0.7 |
Mar 2021 |
31.3 | 5.0 | 4.7 | 4.1 | 4.8 | 7.2 | 4.4 | 1.9 | 1.8 | 0.9 |
Apr 2021 |
51.5 | 5.7 | 5.5 | 3.7 | 9.8 | 11.2 | 6.5 | 2.2 | 2.1 | 1.7 |
May 2021 |
55.7 | 6.6 | 6.2 | 4.7 | 10.4 | 10.3 | 4.8 | 2.7 | 2.7 | 2.1 |
Jun 2021 |
41.6 | 6.4 | 6.1 | 4.3 | 9.3 | 10.5 | 4.5 | 2.9 | 3.1 | 1.9 |
Jul 2021 |
35.1 | 6.6 | 5.8 | 4.8 | 8.3 | 9.6 | 4.4 | 3.3 | 3.6 | 2.3 |
Aug 2021 |
24.4 | 6.2 | 5.7 | 4.5 | 8.5 | 8.7 | 4.1 | 3.6 | 3.8 | 2.4 |
Sep 2021 |
24.2 | 5.5 | 5.6 | 3.3 | 6.8 | 9.7 | 5.0 | 3.8 | 4.0 | 2.3 |
Oct 2021 |
31.6 | 5.2 | 5.9 | 3.5 | 6.4 | 12.2 | 6.2 | 4.4 | 4.4 | 2.0 |
Nov 2021 |
34.6 | 5.7 | 6.5 | 4.0 | 7.1 | 13.0 | 7.6 | 4.6 | 4.5 | 2.1 |
Dec 2021 |
25.5 | 4.9 | 5.8 | 3.6 | 6.0 | 11.3 | 6.7 | 4.8 | 4.8 | 1.9 |
Jan 2022 |
26.6 | 5.0 | 6.6 | 3.4 | 6.1 | 12.6 | 8.2 | 5.2 | 4.8 | 1.7 |
Feb 2022 |
28.1 | 5.5 | 6.0 | 3.8 | 5.5 | 12.7 | 8.5 | 5.2 | 4.8 | 1.8 |
Mar 2022 |
32.9 | 5.8 | 7.2 | 3.4 | 6.3 | 13.9 | 9.0 | 5.6 | 4.9 | 2.2 |
Apr 2022 |
31.2 | 6.1 | 7.3 | 4.5 | 5.4 | 14.4 | 8.7 | 5.6 | 4.6 | 1.9 |
May 2022 |
28.5 | 5.8 | 6.6 | 4.0 | 5.1 | 14.6 | 9.7 | 5.2 | 4.0 | 1.9 |
Jun 2022 |
25.5 | 6.8 | 8.0 | 5.1 | 6.7 | 12.9 | 9.5 | 4.9 | 3.3 | 1.8 |
Jul 2022 |
20.3 | 5.7 | 5.1 | 5.8 | 6.4 | 10.6 | 8.7 | 3.9 | 2.5 | 1.3 |
Aug 2022 |
19.0 | 4.9 | 4.5 | 5.1 | 4.8 | 8.6 | 5.9 | 3.2 | 2.1 | 1.2 |
Sep 2022 |
15.9 | 4.2 | 4.4 | 4.6 | 3.7 | 7.4 | 5.0 | 2.6 | 1.9 | 1.3 |
Oct 2022 |
7.4 | 4.3 | 4.2 | 6.3 | 4.0 | 5.4 | 4.1 | 2.3 | 2.0 | 2.2 |
Nov 2022 |
3.4 | 2.9 | 3.1 | 5.6 | 1.4 | 4.8 | 3.6 | 1.9 | 1.7 | 2.0 |
Dec 2022 |
4.5 | 4.3 | 3.4 | 5.9 | 3.0 | 4.0 | 4.0 | 1.3 | 0.9 | 2.1 |
Jan 2023 |
-1.6 | 4.2 | 4.8 | 5.3 | 3.0 | 1.8 | 2.2 | 0.3 | -0.1 | 2.1 |
Feb 2023 |
-10.3 | 3.2 | 3.5 | 5.1 | 1.2 | 1.2 | 1.5 | -0.1 | -0.4 | 1.4 |
Prices for imports from Japan rose 1.4 percent over the past year, despite dropping 0.5 percent in February 2023. Prices for imports from Canada decreased 10.3 percent over the past year, the largest 12-month decline since June 2020. In contrast, import prices from the European Union rose 3.2 percent over the year, while import prices from Mexico rose 1.5 percent.
These data are from the International Price program and are not seasonally adjusted. To learn more, see "U.S. Import and Export Price Indexes — February 2023." We also have more charts on U.S. import and export prices. Import price changes may be revised in each of the 3 months after original publication.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices from Canada down 10.3 percent over year ended February 2023 at https://www.bls.gov/opub/ted/2023/import-prices-from-canada-down-10-3-percent-over-year-ended-february-2023.htm (visited October 31, 2024).