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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).
United States Department of Labor
