U.S. Terms of Trade Indexes by Locality

Import/Export Price Indexes

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Table 9. U.S. terms of trade indexes by locality(1) [December 2017=100, unless otherwise noted]
Category	Months
Category	Jan.	Feb.	Mar.	Apr.	May	Jun.	Jul.	Aug.	Sep.	Oct.	Nov.	Dec.
Industrialized Countries(2)
2017	-	-	-	-	-	-	-	-	-	-	-	100.0
2018	100.5	100.1	100.4	100.1	99.5	99.6	99.5	100.0	101.0	100.9	103.3	105.7
2019	101.7	99.8	99.4	98.7	98.2	99.6	99.6	99.6	99.3	99.7	99.4	99.3
2020	100.1	100.5	101.6	103.5	102.9	100.7	100.9	99.4	99.9	100.4	101.2	100.1
2021	99.2	98.4	97.4	97.4	97.1	97.1	98.0	99.2	99.9	99.4	99.2	99.1
2022	98.8	98.2	97.7	98.5	99.2	98.9	99.0	99.7	100.1	100.7	101.4	100.0
2023	100.1	101.8	102.7	101.8	100.4	100.5	100.9	100.7	100.9	100.8	101.2	102.5
2024	102.7	102.8	102.5	101.8	101.3	102.1	102.4	-	-	-	-	-

Canada
2017	-	-	-	-	-	-	-	-	-	-	-	100.0
2018	101.0	101.3	102.5	101.6	99.2	99.1	99.2	100.5	102.8	102.7	110.4	117.8
2019	105.4	98.4	96.9	94.5	94.2	98.1	98.7	98.8	98.3	99.4	99.1	99.6
2020	100.6	104.0	110.5	121.5	119.4	106.7	104.7	100.5	101.6	102.3	103.8	100.3
2021	97.2	95.0	92.0	91.7	88.8	86.6	89.2	92.2	93.6	89.7	88.4	90.0
2022	87.3	85.0	80.7	81.3	80.5	80.0	82.8	86.3	87.9	90.4	91.6	93.6
2023	93.0	97.1	98.6	97.3	97.5	97.9	97.1	94.8	94.0	95.0	97.7	101.8
2024	100.8	100.0	99.4	96.8	97.4	97.8	96.6	-	-	-	-	-

European Union
2017	-	-	-	-	-	-	-	-	-	-	-	100.0
2018	101.2	100.9	101.1	101.2	101.2	101.4	101.4	101.3	101.6	101.8	102.3	101.9
2019	102.1	102.5	102.6	103.1	102.7	102.8	103.4	103.3	103.1	103.1	102.7	102.7
2020	102.8	102.1	100.8	98.9	98.8	100.1	100.5	100.6	100.1	99.7	100.0	100.5
2021	101.3	101.9	101.9	102.2	102.6	103.5	102.5	102.2	102.2	104.3	104.2	103.2
2022	105.4	105.6	109.0	108.5	109.7	109.1	106.8	105.8	104.8	105.3	106.1	103.0
2023	102.1	101.6	102.2	102.9	100.9	100.5	101.5	101.8	103.2	102.8	101.7	101.0
2024	101.5	102.8	104.0	104.8	103.5	103.5	105.7	-	-	-	-	-

Germany
2017	-	-	-	-	-	-	-	-	-	-	-	100.0
2018	104.3	104.2	104.9	104.8	104.7	104.5	104.5	104.0	103.7	104.0	104.2	104.2
2019	104.7	104.5	104.3	105.3	105.5	105.7	106.8	106.8	106.7	106.7	106.8	106.5
2020	107.0	106.6	107.0	105.6	107.2	107.3	108.5	109.2	108.4	108.2	107.9	107.6
2021	107.5	106.9	105.8	106.0	106.4	107.7	104.1	104.3	104.3	104.4	103.8	103.7
2022	105.0	104.8	105.8	106.0	107.1	106.8	105.7	105.8	105.4	103.9	103.8	103.6
2023	105.7	105.3	106.4	107.6	106.9	106.7	108.5	108.8	109.4	109.1	109.7	109.4
2024	113.6	113.6	114.0	114.8	114.8	115.0	115.5	-	-	-	-	-

Latin America(3)
2017	-	-	-	-	-	-	-	-	-	-	-	100.0
2018	100.0	100.1	100.6	100.7	100.9	101.6	101.7	102.3	101.4	101.5	101.6	102.5
2019	102.4	102.1	103.5	103.0	101.8	101.3	102.4	102.0	101.4	102.8	103.6	102.8
2020	104.1	101.7	103.3	100.0	97.8	98.8	99.1	97.6	98.2	99.3	100.2	101.1
2021	104.1	105.5	108.9	109.6	114.3	113.7	113.8	113.6	112.8	113.8	113.7	111.0
2022	113.4	116.9	120.4	119.6	126.2	128.5	121.8	120.4	120.0	120.0	118.6	112.4
2023	112.8	111.7	111.3	110.2	107.1	106.8	106.4	109.6	109.6	109.2	107.6	105.6
2024	105.7	106.5	105.9	106.7	105.7	104.4	105.6	-	-	-	-	-

Mexico
2017	-	-	-	-	-	-	-	-	-	-	-	100.0
2018	100.6	101.0	101.1	101.6	102.1	102.6	103.1	103.0	102.1	102.6	102.0	101.8
2019	101.9	102.0	103.3	101.8	101.2	101.2	101.9	101.5	101.2	101.5	103.0	102.2
2020	103.5	101.1	101.2	96.7	96.7	96.4	97.2	96.3	96.8	97.8	99.8	100.7
2021	103.1	104.8	108.0	109.6	118.2	118.4	118.3	117.9	116.7	118.2	118.1	115.7
2022	116.9	120.4	123.1	123.6	128.5	130.6	124.3	124.5	123.5	122.2	119.7	115.3
2023	115.3	114.1	114.5	113.3	111.0	110.0	109.0	110.6	110.7	111.2	109.3	108.1
2024	107.4	107.7	107.3	108.8	108.4	108.1	108.0	-	-	-	-	-

Pacific Rim(4)
2017	-	-	-	-	-	-	-	-	-	-	-	100.0
2018	100.4	100.9	101.2	100.8	101.1	100.8	99.9	99.6	99.0	99.3	99.5	99.6
2019	99.5	100.0	100.3	100.7	100.0	100.1	101.0	100.6	100.5	100.8	100.3	99.9
2020	100.4	99.7	98.5	96.2	96.1	97.9	98.1	98.7	98.7	99.3	100.3	101.2
2021	102.8	103.6	105.7	105.9	107.1	108.0	109.6	109.0	108.9	109.6	110.6	109.0
2022	110.0	112.3	115.4	115.6	117.0	117.2	114.7	113.8	112.5	111.8	111.8	109.1
2023	109.3	110.7	110.3	111.0	108.7	108.0	108.3	108.7	109.0	108.6	108.1	108.1
2024	109.0	110.2	110.4	111.2	110.5	111.4	111.4	-	-	-	-	-

China
2017	-	-	-	-	-	-	-	-	-	-	-	100.0
2018	100.8	101.4	102.4	102.2	102.4	101.8	99.7	99.7	98.0	99.0	99.2	98.7
2019	98.4	99.3	100.0	100.6	99.3	99.3	100.1	99.1	99.0	99.1	99.4	99.2
2020	99.0	98.3	96.2	93.7	94.7	97.5	98.7	99.6	98.4	99.2	100.9	102.1
2021	102.0	102.7	106.0	106.3	107.7	108.1	107.9	108.0	107.4	108.0	109.0	107.2
2022	109.3	112.0	117.0	116.9	118.8	120.8	115.4	113.8	111.0	108.8	108.6	105.9
2023	107.1	109.0	109.0	109.3	107.2	105.8	107.1	106.7	107.6	107.2	107.0	107.1
2024	106.1	106.4	106.8	107.5	107.0	106.8	106.0	-	-	-	-	-

Japan
2017	-	-	-	-	-	-	-	-	-	-	-	100.0
2018	100.5	101.7	101.2	100.7	100.7	100.5	99.5	99.5	99.4	99.5	99.5	99.2
2019	97.8	98.8	98.9	99.5	98.8	98.9	99.5	98.9	99.0	99.4	99.0	99.2
2020	99.0	97.9	95.2	92.0	92.0	95.8	96.8	97.5	98.1	98.6	99.1	100.2
2021	102.1	103.6	104.8	104.5	107.7	108.7	108.4	108.1	108.8	109.9	111.0	109.3
2022	113.4	116.3	121.3	122.3	124.4	123.7	120.3	117.6	114.9	113.8	115.1	111.4
2023	110.8	112.2	111.4	110.3	107.1	106.1	104.2	104.1	103.8	104.2	102.3	102.6
2024	102.2	104.0	103.4	105.3	104.9	107.0	106.6	-	-	-	-	-


Footnotes (1) Terms of trade indexes are derived by dividing the export price index by the corresponding import price index and multiplying by 100. (2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. (3) Mexico, Central America, South America, and the Caribbean. (4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries.
NOTES: Data may be revised in each of the 3 months after original publication. Regions are not mutually exclusive. Dash = Not available

Last Modified Date: August 15, 2024