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U.S. export prices to Mexico decreased 16.7 percent from June 2022 to June 2023

July 21, 2023

U.S. export prices decreased 12.0 percent from June 2022 to June 2023, the largest 12-month decline since the 12-month percent change data was first published in September 1984. Six destinations had their largest 12-month percent decline in U.S. export prices since the 12-month percent change data for destinations began in December 2018. These were China (−14.1 percent), the European Union (−7.8 percent), Japan (−14.3 percent), Latin America (−20.2 percent), Mexico (−16.7 percent) and the Pacific Rim (−4.2 percent).

U.S. export price indexes by locality of destination, 12-month percent change, December 2018–June 2023
Month All exports Canada China European Union Germany Japan Latin America Mexico Pacific Rim

Dec 2018

1.1 7.1 -1.5 3.3 1.3 0.2 1.7 1.6 0.1

Jan 2019

-0.2 1.5 -2.9 1.7 1.1 -2.2 -1.0 -0.9 -0.7

Feb 2019

0.2 2.9 -2.9 2.0 0.4 -2.4 -0.1 -0.3 -0.9

Mar 2019

0.6 3.7 -3.3 2.0 0.0 -2.1 1.6 1.2 -1.1

Apr 2019

0.2 2.2 -2.7 1.8 0.5 -1.1 0.9 0.3 -0.8

May 2019

-0.9 1.2 -4.4 1.4 0.7 -1.9 -0.6 -0.7 -2.1

Jun 2019

-1.6 0.6 -4.0 1.2 1.3 -1.5 -2.6 -2.2 -1.9

Jul 2019

-0.9 0.9 -1.3 1.8 2.7 0.1 -2.0 -1.8 -0.1

Aug 2019

-1.4 0.1 -2.3 1.6 3.1 -0.5 -3.1 -2.4 -0.2

Sep 2019

-1.7 -0.4 -0.9 1.5 3.7 -0.2 -3.8 -2.9 0.2

Oct 2019

-2.2 -0.6 -1.7 0.9 3.3 0.2 -4.7 -3.9 0.1

Nov 2019

-1.3 -0.1 -1.7 0.6 3.2 -0.1 -3.0 -2.3 -0.7

Dec 2019

-0.9 -2.3 -1.2 1.2 3.3 0.3 -1.7 -1.8 -0.9

Jan 2020

0.4 1.0 -0.8 1.4 3.1 1.7 1.1 0.7 -0.2

Feb 2020

-1.4 -0.9 -2.4 -0.1 3.1 -0.6 -3.0 -2.3 -1.4

Mar 2020

-3.5 -4.4 -5.1 -1.9 3.3 -3.5 -5.2 -4.0 -3.0

Apr 2020

-7.0 -6.6 -7.9 -4.9 1.3 -7.5 -10.7 -8.7 -5.4

May 2020

-6.7 -6.2 -5.7 -5.0 2.0 -7.1 -10.8 -7.3 -4.7

Jun 2020

-4.5 -4.3 -2.7 -3.0 1.9 -3.1 -7.0 -5.5 -2.7

Jul 2020

-3.7 -3.2 -1.9 -2.6 1.8 -2.9 -6.1 -5.1 -3.2

Aug 2020

-2.7 -1.6 0.3 -1.8 3.1 -1.7 -5.3 -4.3 -2.0

Sep 2020

-1.8 -0.7 -0.6 -1.3 3.3 -1.0 -4.6 -3.3 -1.6

Oct 2020

-1.7 -0.3 0.1 -1.5 3.1 -0.8 -4.3 -2.6 -1.2

Nov 2020

-1.0 0.2 1.8 -1.3 2.7 0.2 -3.7 -1.9 0.5

Dec 2020

0.4 0.9 3.5 0.0 2.8 1.5 -1.3 -0.5 1.9

Jan 2021

2.5 2.6 4.0 1.0 2.9 3.7 1.2 1.5 3.5

Feb 2021

5.4 5.6 6.0 3.4 3.1 6.6 7.2 6.6 5.4

Mar 2021

9.6 9.4 12.2 6.1 3.0 11.1 13.1 11.4 9.4

Apr 2021

15.0 14.2 15.9 9.3 4.1 15.5 22.0 20.7 12.5

May 2021

17.6 15.8 16.7 10.6 3.9 19.5 28.8 28.1 14.5

Jun 2021

16.9 15.0 14.2 10.0 4.6 15.6 27.2 28.3 13.5

Jul 2021

17.0 15.1 13.2 8.7 0.6 14.5 25.9 27.1 15.4

Aug 2021

16.6 14.1 12.6 8.0 -0.2 13.5 26.5 27.5 14.4

Sep 2021

16.3 14.4 13.6 7.7 -0.6 13.5 26.0 26.6 14.5

Oct 2021

18.3 15.4 13.7 10.0 -0.1 13.7 28.6 28.3 15.2

Nov 2021

18.1 14.6 12.8 10.2 0.1 14.3 28.3 27.3 15.3

Dec 2021

14.9 12.7 9.9 7.8 -0.2 11.1 22.3 22.6 12.9

Jan 2022

15.0 13.7 12.3 9.3 1.0 13.1 22.7 22.6 12.5

Feb 2022

16.8 14.6 14.3 9.4 1.8 14.3 24.8 24.7 14.0

Mar 2022

18.4 16.5 15.8 13.1 3.3 18.4 25.9 24.2 15.3

Apr 2022

18.2 16.4 15.0 12.6 4.5 19.2 24.8 22.6 15.3

May 2022

18.6 16.5 14.7 13.1 4.7 17.7 26.4 19.2 14.8

Jun 2022

18.6 15.8 15.4 12.5 4.3 15.9 27.6 20.8 13.8

Jul 2022

12.9 11.7 9.6 10.0 7.4 12.5 18.5 14.1 8.7

Aug 2022

11.2 11.4 7.4 8.6 6.5 10.2 15.0 11.9 7.7

Sep 2022

9.8 8.8 5.2 6.7 5.8 7.0 14.2 11.2 5.9

Oct 2022

7.2 8.2 2.7 5.4 5.9 5.9 11.2 7.6 4.3

Nov 2022

6.1 7.2 1.3 4.8 5.7 5.7 9.3 5.0 3.0

Dec 2022

4.6 8.7 -0.5 4.1 5.8 4.1 5.3 3.5 1.3

Jan 2023

2.0 4.9 -2.2 1.0 5.6 -0.3 1.2 0.7 -0.3

Feb 2023

-0.8 2.8 -3.3 -0.5 4.6 -1.9 -3.7 -4.2 -1.5

Mar 2023

-5.0 0.2 -8.3 -4.7 2.8 -7.6 -9.1 -7.4 -5.7

Apr 2023

-6.0 -1.5 -8.6 -3.6 3.2 -9.1 -10.2 -8.8 -5.8

May 2023

-10.2 -3.8 -11.9 -6.7 2.2 -13.5 -18.2 -14.7 -9.2

Jun 2023

-12.0 -4.2 -14.1 -7.8 1.5 -14.3 -20.2 -16.7 -10.2

From June 2022 to June 2023, export prices to Canada decreased 4.2 percent, the largest 12-month decline since June 2020. Export prices to Germany increased 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 — June 2023." We also have more charts on U.S. import and export prices. Latin America includes Mexico, Central America, South America, and the Caribbean. The Pacific Rim includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, Hong Kong, Singapore, South Korea, and Taiwan. 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 to Mexico decreased 16.7 percent from June 2022 to June 2023 at https://www.bls.gov/opub/ted/2023/u-s-export-prices-to-mexico-decreased-16-7-percent-from-june-2022-to-june-2023.htm (visited June 25, 2024).

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