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U.S. export prices decreased 7.9 percent over the year ended July 2023

August 21, 2023

Prices for U.S. exports decreased 7.9 percent over the year ended July 2023. The 12-month percent change in U.S. export prices was up from its recent low in June 2023 (−11.9 percent) but down from its recent peak in mid-2022 (18.6 percent).

12-month percent change in U.S. export prices, July 2018–July 2023
Month All exports Agricultural exports Nonagricultural exports Foods, feeds, & beverages Industrial supplies & materials Capital goods Automotive vehicles, parts & engines Consumer goods, excluding automotives

Jul 2018

4.3 -1.9 5.0 -2.2 12.1 1.9 0.8 0.8

Aug 2018

3.6 -1.5 4.1 -1.7 9.5 1.9 0.6 0.5

Sep 2018

2.7 -2.1 3.3 -2.4 6.9 1.9 0.7 0.5

Oct 2018

3.1 -4.1 3.9 -4.3 9.4 1.4 0.6 0.5

Nov 2018

1.8 -1.7 2.2 -1.6 4.1 1.4 0.6 0.5

Dec 2018

1.1 2.3 1.0 2.6 0.9 1.3 0.7 0.3

Jan 2019

-0.2 0.1 -0.2 0.8 -2.8 1.5 0.4 0.1

Feb 2019

0.2 -0.3 0.3 0.3 -1.4 1.6 0.7 0.2

Mar 2019

0.6 -2.4 0.9 -1.7 0.4 1.6 0.6 0.2

Apr 2019

0.2 -2.7 0.5 -2.2 -0.3 1.0 0.6 0.4

May 2019

-0.9 -5.3 -0.3 -4.3 -2.7 0.9 0.4 0.4

Jun 2019

-1.6 -2.0 -1.5 -0.6 -6.1 0.9 0.5 0.6

Jul 2019

-0.9 3.5 -1.5 4.5 -5.5 0.7 0.4 0.9

Aug 2019

-1.4 0.6 -1.6 1.8 -6.1 0.6 0.3 0.8

Sep 2019

-1.7 0.2 -1.9 1.6 -6.7 0.6 0.0 0.6

Oct 2019

-2.2 2.0 -2.7 3.1 -8.3 0.5 -0.1 0.5

Nov 2019

-1.3 2.7 -1.7 3.5 -5.7 0.5 0.0 0.5

Dec 2019

-0.9 -1.2 -0.8 -0.4 -3.1 0.5 -0.3 0.5

Jan 2020

0.4 3.1 0.2 3.9 -0.6 0.5 0.2 0.7

Feb 2020

-1.4 -0.1 -1.6 0.7 -5.4 0.5 -0.3 0.5

Mar 2020

-3.5 -2.4 -3.7 -2.0 -10.7 0.7 -0.3 -0.2

Apr 2020

-7.0 -4.3 -7.2 -3.4 -20.2 0.7 -0.5 -0.7

May 2020

-6.7 -3.7 -7.0 -2.7 -19.4 0.6 -0.5 -1.0

Jun 2020

-4.5 -4.5 -4.5 -4.4 -12.5 0.5 -0.6 -1.3

Jul 2020

-3.7 -3.1 -3.8 -3.0 -10.7 0.8 -0.6 -1.3

Aug 2020

-2.7 -2.9 -2.6 -3.0 -7.7 0.7 -0.4 -0.9

Sep 2020

-1.8 1.4 -2.2 1.2 -6.6 0.6 -0.3 0.0

Oct 2020

-1.7 3.2 -2.1 3.2 -6.8 0.7 0.2 0.4

Nov 2020

-1.0 4.3 -1.6 4.3 -4.8 0.6 0.4 -0.3

Dec 2020

0.4 5.4 -0.1 5.2 -1.0 0.5 0.7 0.1

Jan 2021

2.5 9.6 1.6 8.7 4.1 0.6 0.5 -0.5

Feb 2021

5.4 15.9 4.3 14.9 11.7 0.7 0.5 -0.5

Mar 2021

9.6 20.4 8.4 20.0 23.2 0.7 0.6 0.9

Apr 2021

15.0 25.5 13.7 24.8 40.8 1.1 1.0 1.3

May 2021

17.6 33.7 15.8 33.1 46.6 1.3 0.8 2.3

Jun 2021

16.9 33.4 15.1 33.7 41.2 1.8 1.0 3.3

Jul 2021

17.0 29.1 15.6 29.1 41.8 2.0 1.7 2.8

Aug 2021

16.6 33.2 14.8 33.1 39.0 2.2 1.8 2.4

Sep 2021

16.3 27.6 15.1 27.3 39.5 2.6 1.8 1.4

Oct 2021

18.3 24.7 17.6 24.0 46.0 3.1 1.9 1.4

Nov 2021

18.1 21.9 17.7 20.5 45.0 3.5 1.8 2.5

Dec 2021

14.9 21.5 14.1 20.2 33.9 3.8 2.0 2.6

Jan 2022

15.0 18.0 14.6 17.3 32.3 4.2 2.3 4.3

Feb 2022

16.8 18.2 16.6 17.7 35.7 4.3 2.7 4.8

Mar 2022

18.4 20.6 18.1 20.1 37.2 4.5 3.5 4.9

Apr 2022

18.2 21.2 17.8 20.3 35.7 4.8 4.0 5.3

May 2022

18.6 16.9 18.9 15.7 36.8 4.9 4.6 4.3

Jun 2022

18.6 15.3 19.0 13.4 37.4 4.4 4.8 3.4

Jul 2022

12.9 13.6 12.9 12.0 23.2 4.6 5.0 3.6

Aug 2022

11.2 12.0 11.1 10.3 19.3 4.3 5.1 4.0

Sep 2022

9.8 12.7 9.5 11.4 15.7 4.2 5.2 4.2

Oct 2022

7.2 10.9 6.8 10.1 10.0 3.7 4.6 4.2

Nov 2022

6.1 12.8 5.2 13.0 6.9 3.2 4.5 3.3

Dec 2022

4.6 9.3 3.9 9.6 4.6 3.0 4.6 3.0

Jan 2023

2.0 5.3 1.5 5.4 -0.5 2.8 5.4 3.0

Feb 2023

-0.8 3.1 -1.4 3.3 -6.4 3.0 4.9 2.9

Mar 2023

-5.0 -3.1 -5.2 -3.5 -13.3 2.9 4.1 2.4

Apr 2023

-6.0 -3.9 -6.3 -4.1 -15.0 2.5 3.0 2.2

May 2023

-10.3 -8.3 -10.7 -8.3 -23.2 2.2 2.7 2.7

Jun 2023

-11.9 -9.7 -12.2 -9.2 -26.1 2.4 2.6 2.8

Jul 2023

-7.9 -5.8 -8.2 -5.4 -18.9 2.0 2.1 2.6

From July 2022 to July 2023, U.S. export prices declined for agricultural exports (−5.8 percent), foods, feeds, & beverages (−5.4 percent), and industrial supplies & materials (−18.9 percent). These 12-month percent changes were also up from their recent lows in June 2023.

Over the year ended July 2023, U.S. export prices increased for capital goods (2.0 percent), automotive vehicles, parts & engines (2.1 percent), and consumer goods, excluding automotives (2.6 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 — July 2023." We also have more charts on U.S. import and export prices. 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. export prices decreased 7.9 percent over the year ended July 2023 at https://www.bls.gov/opub/ted/2023/u-s-export-prices-decreased-7-9-percent-over-the-year-ended-july-2023.htm (visited April 17, 2024).

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