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U.S. export prices fell 5.5 percent from August 2022 to August 2023

September 25, 2023

Prices for U.S. exports advanced 1.3 percent in August 2023, after increasing 0.5 percent the previous month. Despite the advance in August, U.S. export prices declined 5.5 percent over the past year.

U.S. export price indexes for selected categories, 12-month percent change
Month All exports Agricultural exports Nonagricultural exports Foods, feeds, and beverages Industrial supplies and materials Capital goods Automotive vehicles, parts and engines Consumer goods, excluding automotives

Aug 2013

-1.1 -5.6 -0.6 -6.8 -1.8 0.9 0.5 -1.5

Sep 2013

-1.6 -6.3 -0.9 -7.1 -2.8 0.9 0.4 -1.9

Oct 2013

-2.2 -5.9 -1.7 -6.9 -4.6 0.8 0.6 -2.0

Nov 2013

-1.5 -6.6 -0.9 -7.6 -2.7 0.7 0.6 -1.5

Dec 2013

-1.0 -6.4 -0.4 -7.0 -1.4 0.8 0.6 -1.2

Jan 2014

-1.0 -5.3 -0.5 -6.0 -1.2 0.2 0.4 -1.2

Feb 2014

-1.0 -5.9 -0.5 -6.4 -0.9 0.2 0.1 -1.3

Mar 2014

0.4 -1.4 0.5 -2.0 1.5 0.4 0.0 -0.9

Apr 2014

-0.1 2.2 -0.2 2.1 -1.3 0.7 0.4 -0.3

May 2014

0.6 1.4 0.5 1.8 0.2 0.9 0.5 -0.3

Jun 2014

0.2 -1.2 0.3 -0.6 -0.3 0.9 0.6 -0.2

Jul 2014

0.4 -2.7 0.7 -1.6 0.8 0.6 0.6 0.2

Aug 2014

0.4 -1.6 0.5 -0.1 -0.3 0.8 0.6 0.9

Sep 2014

-0.4 -3.7 -0.1 -2.4 -1.7 0.8 0.6 0.6

Oct 2014

-0.7 -4.6 -0.3 -3.3 -2.5 0.8 0.5 0.1

Nov 2014

-1.7 -4.2 -1.4 -3.1 -5.0 0.8 0.5 -0.4

Dec 2014

-3.0 -5.2 -2.8 -4.3 -8.7 0.8 0.4 -0.6

Jan 2015

-5.0 -6.4 -4.9 -5.6 -13.9 0.9 0.3 -1.2

Feb 2015

-5.8 -9.7 -5.3 -8.9 -15.1 0.8 0.2 -1.3

Mar 2015

-6.7 -13.7 -5.8 -12.4 -16.3 0.7 0.4 -1.7

Apr 2015

-6.3 -15.7 -5.3 -14.9 -14.4 0.4 0.0 -2.3

May 2015

-6.0 -17.0 -4.7 -16.4 -12.6 0.1 0.0 -2.1

Jun 2015

-5.8 -16.8 -4.5 -17.0 -12.0 0.0 -0.1 -1.7

Jul 2015

-6.2 -14.4 -5.3 -14.5 -13.8 0.3 -0.4 -2.4

Aug 2015

-7.1 -13.9 -6.3 -14.6 -16.2 0.1 -0.3 -2.9

Sep 2015

-7.3 -13.8 -6.6 -14.5 -16.9 0.1 -0.2 -2.8

Oct 2015

-6.7 -11.8 -6.1 -12.2 -15.9 -0.1 -0.4 -2.4

Nov 2015

-6.5 -12.7 -5.8 -12.8 -15.4 -0.2 -0.5 -2.2

Dec 2015

-6.6 -12.9 -5.9 -13.2 -15.5 -0.5 -0.5 -2.4

Jan 2016

-5.9 -12.8 -5.1 -12.9 -13.1 -0.7 -0.4 -2.6

Feb 2016

-6.1 -10.2 -5.8 -10.1 -15.1 -0.8 -0.4 -2.3

Mar 2016

-6.2 -10.7 -5.8 -10.8 -14.8 -0.7 -0.7 -2.2

Apr 2016

-5.1 -9.1 -4.7 -9.0 -12.4 -0.5 -0.7 -2.0

May 2016

-4.5 -5.2 -4.4 -5.0 -11.5 -0.4 -0.8 -1.9

Jun 2016

-3.5 -1.3 -3.8 -0.3 -9.6 -0.4 -0.7 -2.6

Jul 2016

-3.0 -2.6 -3.0 -2.3 -7.5 -0.6 -0.5 -1.8

Aug 2016

-2.4 -3.5 -2.3 -3.1 -5.3 -0.6 -1.1 -1.6

Sep 2016

-1.5 -3.1 -1.3 -2.6 -2.6 -0.6 -1.0 -1.3

Oct 2016

-1.1 -2.7 -0.8 -2.5 -1.0 -0.5 -0.8 -1.6

Nov 2016

-0.2 -1.1 -0.2 -1.1 1.1 -0.4 -0.7 -1.8

Dec 2016

1.3 -0.3 1.4 -0.4 6.1 0.0 -0.9 -2.4

Jan 2017

2.4 1.3 2.4 1.6 9.1 0.3 -0.4 -2.6

Feb 2017

3.2 2.1 3.3 2.0 11.8 0.4 -0.2 -2.4

Mar 2017

3.4 5.4 3.2 5.4 10.9 0.5 0.0 -2.3

Apr 2017

3.1 4.6 3.0 5.1 9.9 0.4 0.2 -1.9

May 2017

1.4 -0.1 1.6 -0.2 5.2 0.5 0.2 -2.0

Jun 2017

0.6 -3.8 1.0 -4.1 3.3 0.6 0.0 -1.5

Jul 2017

0.9 -1.8 1.1 -1.6 3.1 0.9 0.0 -1.5

Aug 2017

2.3 1.7 2.4 2.2 6.3 1.1 0.7 -1.1

Sep 2017

2.8 2.1 2.8 2.5 7.8 1.1 0.6 -1.3

Oct 2017

2.7 3.6 2.6 4.2 5.9 1.7 0.5 -0.8

Nov 2017

3.1 2.1 3.3 2.3 8.0 1.7 0.4 -0.5

Dec 2017

2.8 1.9 2.8 2.3 6.0 1.7 0.6 0.6

Jan 2018

3.3 1.5 3.5 1.5 7.6 1.7 0.5 1.7

Feb 2018

3.1 0.7 3.4 0.7 7.3 1.6 0.7 1.9

Mar 2018

3.4 2.8 3.5 2.9 7.5 1.4 0.8 1.8

Apr 2018

3.7 1.6 3.9 1.0 8.3 2.0 0.8 1.6

May 2018

5.0 4.8 4.9 4.3 11.9 2.0 0.9 1.5

Jun 2018

5.3 5.3 5.3 4.8 12.9 1.9 0.9 1.2

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 -8.2 -23.2 2.2 2.7 2.7

Jun 2023

-11.8 -9.6 -12.2 -9.2 -26.1 2.4 2.6 2.8

Jul 2023

-8.0 -6.2 -8.2 -5.8 -19.1 2.0 2.1 2.7

Aug 2023

-5.5 -7.8 -5.3 -7.7 -13.3 2.1 2.1 2.5

Prices for agricultural exports fell 7.8 percent for the year ended in August. Prices for nonagricultural exports rose 1.7 percent in August, after advancing 0.6 percent the previous month. Despite the recent increase, nonagricultural prices fell 5.3 percent from August 2022 to August 2023.

Export prices for foods, feeds and beverages dropped 7.7 percent over the year, while prices for industrial supplies and materials dropped 13.3 percent.

Export prices for automotive vehicles, parts and engines rose 2.1 percent over the year ended August 2023, while prices for consumer goods excluding automotives rose 2.5 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 — August 2023." Also see 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 fell 5.5 percent from August 2022 to August 2023 at https://www.bls.gov/opub/ted/2023/u-s-export-prices-fell-5-5-percent-from-august-2022-to-august-2023.htm (visited April 13, 2024).

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