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World Trade Week: Import prices from around the globe
May 24, 2024
Today we recognize World Trade Week by looking at U.S. import prices from around the globe. Overall, U.S. import prices advanced 0.9 percent in April, the largest 1-month increase since the index rose 2.9 percent in March 2022. Import prices advanced 1.1 percent over the past 12 months, the largest over-the-year increase since December 2022.
12-month percent change in U.S. import prices by locality of origin
Month
Canada
European Union
France
Germany
United Kingdom
Latin America
Mexico
Pacific Rim
China
Japan
Apr 2014
2.0
2.1
0.4
3.0
1.9
-1.3
-1.6
-1.1
-0.3
-2.3
May 2014
1.2
2.7
0.8
3.2
2.7
-0.2
-1.5
-0.7
0.6
-2.0
Jun 2014
2.4
2.9
1.2
3.7
2.8
-0.1
-0.7
-0.7
0.4
-1.7
Jul 2014
2.0
2.6
1.2
2.7
3.6
-1.0
-1.4
-0.6
0.3
-1.6
Aug 2014
-1.7
3.2
1.4
2.8
3.5
-2.6
-1.9
-0.7
0.1
-1.4
Sep 2014
-2.3
1.3
1.1
1.9
2.6
-4.1
-2.4
-1.0
0.0
-1.4
Oct 2014
-1.7
0.5
1.0
1.4
1.6
-4.8
-2.5
-0.9
0.1
-1.2
Nov 2014
-2.8
0.7
0.6
0.9
-1.6
-5.5
-2.5
-1.2
-0.1
-1.2
Dec 2014
-8.5
0.5
0.2
0.7
-1.4
-9.6
-4.5
-1.3
-0.1
-1.4
Jan 2015
-15.2
-1.9
0.2
-0.3
-7.3
-14.1
-7.3
-1.6
-0.2
-1.8
Feb 2015
-20.0
-2.2
-0.6
-0.8
-5.7
-14.5
-7.0
-1.7
-0.5
-1.9
Mar 2015
-21.9
-2.5
0.1
-1.4
-5.9
-14.5
-7.9
-1.7
-0.5
-2.2
Apr 2015
-19.2
-3.5
-0.2
-2.3
-7.0
-14.1
-7.7
-1.9
-0.5
-2.5
May 2015
-16.9
-3.2
-1.1
-2.5
-7.2
-13.1
-7.3
-2.1
-1.1
-2.5
Jun 2015
-16.4
-3.0
-1.1
-2.5
-7.3
-13.2
-7.2
-2.3
-1.2
-3.0
Jul 2015
-17.7
-3.2
-1.1
-1.7
-8.0
-14.0
-7.6
-2.3
-1.2
-3.0
Aug 2015
-20.0
-3.9
-1.2
-1.9
-8.3
-15.4
-8.6
-2.3
-1.1
-3.3
Sep 2015
-21.6
-3.5
-1.1
-1.4
-8.1
-15.3
-8.8
-2.3
-1.3
-3.4
Oct 2015
-19.9
-2.9
-1.5
-1.8
-7.5
-14.4
-8.3
-2.5
-1.4
-3.4
Nov 2015
-17.8
-3.7
-1.5
-1.4
-5.3
-13.1
-7.6
-2.5
-1.5
-3.2
Dec 2015
-15.1
-3.7
-1.4
-1.4
-6.1
-11.2
-6.5
-2.5
-1.7
-2.9
Jan 2016
-13.4
-2.4
-0.7
-4.1
1.5
-8.3
-4.4
-2.4
-1.6
-2.4
Feb 2016
-13.8
-2.6
-0.2
-3.2
-0.4
-9.9
-5.4
-2.3
-1.7
-2.0
Mar 2016
-11.8
-2.5
0.1
-3.1
-3.0
-9.2
-5.4
-2.3
-1.8
-1.9
Apr 2016
-9.5
-1.8
0.5
-3.0
-2.5
-8.7
-5.2
-2.1
-1.9
-1.3
May 2016
-9.1
-1.9
1.1
-2.8
-2.3
-8.6
-4.8
-1.8
-1.7
-1.1
Jun 2016
-8.3
-2.1
0.6
-3.2
-2.4
-7.4
-4.2
-1.8
-1.8
-0.6
Jul 2016
-6.3
-2.4
0.7
-3.3
-2.4
-5.5
-3.2
-1.6
-1.7
0.0
Aug 2016
-2.6
-2.2
0.6
-3.4
-1.9
-3.5
-2.5
-1.4
-1.8
0.7
Sep 2016
0.5
-1.1
0.2
-3.3
-2.4
-2.3
-1.7
-1.2
-1.7
0.9
Oct 2016
1.8
-0.9
0.4
-4.0
-2.5
-1.0
-1.2
-1.0
-1.7
1.2
Nov 2016
1.8
-0.5
0.6
-4.0
-2.3
-0.7
-1.9
-1.1
-1.8
1.4
Dec 2016
6.7
-0.3
0.7
-4.1
-1.7
3.3
-1.1
-1.0
-1.7
1.6
Jan 2017
13.0
0.4
-0.7
-0.1
-3.5
5.3
-1.7
-0.8
-1.9
1.3
Feb 2017
15.8
0.8
-1.1
-0.2
-3.0
7.4
-0.2
-0.6
-1.6
1.2
Mar 2017
12.8
1.1
-0.9
-0.1
-0.5
5.9
0.0
-0.4
-1.2
1.4
Apr 2017
9.2
0.8
-1.4
0.7
-1.1
5.8
1.6
-0.3
-1.2
1.3
May 2017
6.6
0.2
-1.6
0.4
-1.3
4.1
1.1
-0.3
-1.1
1.2
Jun 2017
2.8
0.5
-0.1
0.8
-1.0
2.3
0.2
-0.1
-1.0
1.0
Jul 2017
2.8
0.8
0.2
1.1
-0.9
2.1
0.1
0.0
-0.9
0.5
Aug 2017
5.2
1.9
2.0
2.0
-0.8
3.2
1.1
0.0
-0.7
-0.3
Sep 2017
6.2
2.1
2.8
1.9
0.1
4.9
2.6
-0.2
-0.9
-0.3
Oct 2017
5.1
1.6
3.1
2.8
0.5
4.7
2.4
-0.3
-0.8
-0.8
Nov 2017
8.8
1.8
3.2
2.9
1.2
6.7
3.4
0.0
-0.1
-1.1
Dec 2017
7.7
2.3
3.4
3.1
1.4
4.6
3.6
0.1
-0.1
-1.1
Jan 2018
7.2
2.5
5.2
-1.3
2.2
6.2
5.5
0.3
0.2
-0.2
Feb 2018
4.7
3.3
6.1
-1.0
2.5
5.3
4.5
0.4
0.2
-0.1
Mar 2018
5.3
3.2
5.8
-1.1
2.9
5.1
3.9
0.5
0.2
-0.1
Apr 2018
7.0
3.8
6.5
-1.3
3.8
5.0
1.8
0.8
0.3
0.2
May 2018
9.7
4.1
6.9
-1.1
4.3
6.2
1.8
1.0
0.4
0.2
Jun 2018
11.5
3.4
5.1
-1.8
4.3
6.5
1.8
1.0
0.5
0.2
Jul 2018
11.5
3.5
4.6
-2.2
3.8
6.2
1.4
0.8
0.3
0.6
Aug 2018
9.1
2.7
3.0
-2.5
3.2
4.9
1.0
0.7
0.1
1.0
Sep 2018
6.0
2.2
2.4
-2.8
2.6
4.3
0.4
0.7
0.4
0.8
Oct 2018
5.8
2.5
2.3
-3.0
3.1
5.1
1.2
0.7
0.2
1.3
Nov 2018
-4.1
1.9
1.3
-3.0
1.4
2.3
0.8
0.6
-0.2
1.2
Dec 2018
-9.1
1.4
0.8
-2.8
0.9
-0.7
-0.2
0.5
-0.2
1.0
Jan 2019
-2.8
0.8
-0.2
0.6
0.3
-3.2
-2.2
0.2
-0.5
0.5
Feb 2019
5.8
0.4
-0.7
0.2
-0.1
-2.1
-1.2
0.0
-0.8
0.4
Mar 2019
9.8
0.5
-0.3
0.6
0.1
-1.3
-1.0
-0.2
-1.0
0.3
Apr 2019
9.9
-0.1
-0.3
0.0
0.3
-1.3
0.2
-0.7
-1.2
0.1
May 2019
6.6
-0.1
-0.7
-0.1
-0.2
-1.5
0.2
-1.0
-1.4
0.1
Jun 2019
1.7
-0.3
-1.0
0.2
-1.1
-2.3
-0.9
-1.2
-1.6
0.2
Jul 2019
1.4
-0.1
-0.5
0.4
-0.2
-2.7
-0.6
-1.2
-1.7
0.0
Aug 2019
1.8
-0.3
-0.6
0.4
-0.2
-2.8
-1.0
-1.2
-1.7
0.2
Sep 2019
4.2
-0.1
-0.7
0.7
0.2
-3.7
-2.0
-1.3
-1.9
0.2
Oct 2019
2.8
-0.4
-1.0
0.6
-0.2
-5.9
-2.8
-1.4
-1.8
0.2
Nov 2019
11.2
0.1
0.2
0.6
1.3
-4.9
-3.2
-1.5
-1.9
0.3
Dec 2019
15.5
0.4
0.4
1.0
1.9
-2.0
-2.1
-1.2
-1.7
0.3
Jan 2020
5.8
0.7
0.6
1.0
2.0
-0.6
-0.9
-1.1
-1.4
0.4
Feb 2020
-6.2
0.3
0.3
1.1
2.7
-2.6
-1.4
-1.1
-1.4
0.3
Mar 2020
-16.2
-0.1
-0.3
0.7
2.6
-4.9
-2.0
-1.2
-1.4
0.2
Apr 2020
-27.3
-0.8
-1.5
1.0
-3.0
-8.0
-3.9
-0.9
-1.1
0.0
May 2020
-26.0
-1.2
-1.6
0.4
-2.4
-7.2
-2.9
-0.8
-1.1
-0.3
Jun 2020
-12.0
-0.3
-0.5
0.4
-1.7
-4.7
-0.8
-0.5
-0.9
0.0
Jul 2020
-8.7
0.2
0.3
0.3
-2.0
-3.0
-0.4
-0.3
-0.5
-0.1
Aug 2020
-3.3
0.9
0.8
0.8
-1.2
-1.0
0.9
-0.1
-0.2
-0.3
Sep 2020
-3.9
1.7
1.5
1.7
-0.2
-1.5
1.1
0.2
0.0
-0.1
Oct 2020
-3.1
1.8
1.6
1.7
-0.2
-0.9
1.1
0.3
0.0
0.1
Nov 2020
-4.3
1.4
1.3
1.7
-0.4
-0.3
1.2
0.5
0.3
0.1
Dec 2020
0.1
2.1
2.0
1.8
0.9
0.3
1.0
0.6
0.5
0.4
Jan 2021
6.2
2.5
1.3
2.5
2.1
1.2
1.8
1.1
0.9
0.6
Feb 2021
15.5
3.6
4.0
2.8
2.7
3.3
2.8
1.4
1.4
0.7
Mar 2021
31.3
5.0
4.7
4.1
4.8
7.2
4.4
1.9
1.8
0.9
Apr 2021
51.5
5.7
5.5
3.7
9.8
11.2
6.5
2.2
2.1
1.7
May 2021
55.7
6.6
6.2
4.7
10.4
10.3
4.8
2.7
2.7
2.1
Jun 2021
41.6
6.4
6.1
4.3
9.3
10.5
4.5
2.9
3.1
1.9
Jul 2021
35.1
6.6
5.8
4.8
8.3
9.6
4.4
3.3
3.6
2.3
Aug 2021
24.4
6.2
5.7
4.5
8.5
8.7
4.1
3.6
3.8
2.4
Sep 2021
24.2
5.5
5.6
3.3
6.8
9.7
5.0
3.8
4.0
2.3
Oct 2021
31.6
5.2
5.9
3.5
6.4
12.2
6.2
4.4
4.4
2.0
Nov 2021
34.6
5.7
6.5
4.0
7.1
13.0
7.6
4.6
4.5
2.1
Dec 2021
25.5
4.9
5.8
3.6
6.0
11.3
6.7
4.8
4.8
1.9
Jan 2022
26.6
5.0
6.6
3.4
6.1
12.6
8.2
5.2
4.8
1.7
Feb 2022
28.1
5.5
6.0
3.8
5.5
12.7
8.5
5.2
4.8
1.8
Mar 2022
32.9
5.8
7.2
3.4
6.3
13.9
9.0
5.6
4.9
2.2
Apr 2022
31.2
6.1
7.3
4.5
5.4
14.4
8.7
5.6
4.6
1.9
May 2022
28.5
5.8
6.6
4.0
5.1
14.6
9.7
5.2
4.0
1.9
Jun 2022
25.5
6.8
8.0
5.1
6.7
12.9
9.5
4.9
3.3
1.8
Jul 2022
20.3
5.7
5.1
5.8
6.4
10.6
8.7
3.9
2.5
1.3
Aug 2022
19.0
4.9
4.5
5.1
4.8
8.6
5.9
3.2
2.1
1.2
Sep 2022
15.9
4.2
4.4
4.6
3.7
7.4
5.0
2.6
1.9
1.3
Oct 2022
7.4
4.3
4.2
6.3
4.0
5.4
4.1
2.3
2.0
2.2
Nov 2022
3.4
2.9
3.1
5.6
1.4
4.8
3.6
1.9
1.7
2.0
Dec 2022
4.5
4.3
3.4
5.9
3.0
4.0
3.9
1.3
0.8
2.1
Jan 2023
-1.6
4.3
4.7
4.9
3.0
1.7
2.2
0.3
-0.2
2.0
Feb 2023
-10.0
3.4
3.6
4.2
1.2
0.8
1.1
-0.1
-0.6
1.6
Mar 2023
-18.0
1.6
2.1
2.3
-3.0
-1.7
-0.4
-1.3
-1.5
0.6
Apr 2023
-17.7
1.7
5.2
1.5
-0.1
-2.6
-0.6
-1.9
-2.0
0.8
May 2023
-21.2
1.6
5.9
2.2
-1.7
-4.2
-1.4
-2.1
-2.1
0.5
Jun 2023
-22.4
0.3
4.5
1.1
-2.5
-4.2
-1.3
-2.4
-2.2
0.5
Jul 2023
-16.8
0.8
6.1
-0.2
-1.2
-2.0
1.0
-2.0
-2.4
1.2
Aug 2023
-10.3
1.8
7.1
0.2
0.0
-0.6
3.4
-1.7
-2.3
1.2
Sep 2023
-6.2
1.9
6.2
0.1
2.4
0.8
3.5
-1.4
-2.5
1.2
Oct 2023
-5.7
1.7
5.3
-2.2
1.6
0.0
2.3
-1.8
-3.0
0.4
Nov 2023
-7.1
2.6
5.7
-2.0
3.3
-0.1
2.2
-1.9
-3.2
0.6
Dec 2023
-8.9
1.6
5.9
-1.9
1.2
1.0
2.3
-2.0
-3.1
0.4
Jan 2024
-8.4
1.8
8.5
-1.9
-0.2
2.0
3.1
-1.8
-3.0
1.5
Feb 2024
-3.6
1.7
7.7
-1.7
1.5
2.1
3.5
-1.8
-3.0
1.3
Mar 2024
-1.4
2.1
7.5
-0.5
2.8
3.0
4.4
-1.6
-2.5
0.8
Apr 2024
-0.4
2.1
4.6
0.0
1.8
3.6
4.5
-1.1
-2.2
0.3
Note: Data are not seasonally adjusted.
Prices for imports from Mexico increased 4.5 percent over the year and import prices from the European Union increased 2.1 percent during the same period. Despite recent over-the-month decreases, import prices from Japan rose 0.3 percent from April 2023 to April 2024. In contrast, the price index for imports from Canada fell 0.4 percent over the past 12 months, while import prices from China declined 2.2 percent.
United States Department of Labor
