Import and export prices in March 2012
April 12, 2012
U.S. import prices advanced 1.3 percent in March; higher fuel and nonfuel prices contributed to the advance. U.S. export prices increased 0.8 percent in March, the largest monthly advance for the index since a 0.8-percent rise in April 2011.
From March 2011 to March 2012, import prices increased 3.4 percent. Overall export prices rose only 0.9 percent over the past 12 months, the smallest year-over-year advance since a 0.4 percent rise for the November 2008–November 2009 period.
A 3.8-percent rise in import fuel prices led the March increase in overall import prices. For the year ended in March, prices for import fuel rose 7.4 percent, driven by a 9.6-percent advance in petroleum prices. In contrast, natural gas prices fell 37.8 percent over the past 12 months.
In March, the price index for nonfuel imports increased 0.5 percent. From March 2011 to March 2012, nonfuel import prices increased 2.0 percent, the smallest year-over-year advance since a 1.9-percent rise for the year ended in February 2010.
Prices for agricultural exports rose 2.7 percent in March. An 8.3-percent increase in soybean prices and a 2.6-percent rise in corn prices more than offset a 6.5-percent drop in cotton prices. Despite the monthly increase, overall agricultural prices decreased 5.5 percent over the past year.
The price index for nonagricultural exports rose 0.5 percent in March, led by a 1.3-percent increase in nonagricultural industrial supplies and materials prices. Nonagricultural prices rose 1.7 percent over the past 12 months.
These data are from the BLS International Price program. Import and export price data are subject to revision. For more information, see "U.S. Import and Export Price Indexes — March 2012" (HTML) (PDF), news release USDL-12-0664.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import and export prices in March 2012 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20120412.htm (visited October 27, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.