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Import prices down 0.1 percent, export prices down 2.1 percent, September 2023 to September 2024
October 22, 2024
U.S. import prices decreased 0.1 percent over the year ended September 2024. Prices for U.S. exports decreased 2.1 percent over the past year, the largest 12-month decrease since January 2024. Over the month, from August to September 2024, import prices decreased 0.4 percent, while export prices decreased 0.7 percent.
Percent change and relative importance weight, U.S. import and export price indexes for end use categories of goods, September 2024
End use category
Imports
Exports
1-month percent change, Aug 2024–Sep 2024
12-month percent change, Sep 2023–Sep 2024
Relative importance weight (percent), August 2024
1-month percent change, Aug 2024–Sep 2024
12-month percent change, Sep 2023–Sep 2024
Relative importance weight (percent), August 2024
All commodities
-0.4
-0.1
100.000
-0.7
-2.1
100.000
Foods, feeds, & beverages
-1.5
3.8
7.379
0.9
-3.7
8.475
Industrial supplies & materials
-1.8
-4.3
23.210
-2.4
-6.3
38.007
Capital goods
0.0
0.4
28.502
0.2
1.6
31.924
Automotive vehicles, parts & engines
0.2
2.7
13.648
-0.1
2.9
8.770
Consumer goods, excluding automotives
0.2
0.8
27.260
0.3
-0.9
12.824
By end use category, import and export prices for industrial supplies and materials were lower over the year ended in September 2024. Import prices for industrial supplies and materials, which made up 23 percent of total imports, fell 4.3 percent over the 12-month period. Export prices for these goods, which were 38 percent of exports, fell 6.3 percent.
Import prices of end use capital goods, which were 29 percent of imports, increased 0.4 percent over the year. Capital goods export prices, 32 percent of exports, were up 1.6 percent.
Prices for end use automotive vehicles, parts, and engines increased 2.7 percent for imports and 2.9 percent for exports and represented 14 percent of imports and 9 percent of exports, respectively.
Import prices of consumer goods, excluding automotives, which were 27 percent of imports, increased 0.8 percent; export prices of consumer goods, excluding automotives, 13 percent of exports, decreased 0.9 percent over the year.
United States Department of Labor
