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Import/Export Price Indexes
Bureau of Labor Statistics > Import/Export Price Indexes > Home

Puerto Rico: Price Movements of Top Exports and Other Highlights

March 2024

Photo of a fort in San Juan, Puerto Rico

Total exports for Puerto Rico amounted to $22.5 billion in 2023, a 9.2-percent increase from 2022. Prices for the largest export industry in Puerto Rico, pharmaceutical and medicine manufacturing, advanced in February. The export price indexes for medical equipment and supplies manufacturing and navigational, measuring, electromedical and control instruments rose over the same period.

Top Puerto Rico Exports by Trade Dollar Value, 2023

  • Puerto Rico led U.S. exports of pharmaceutical and medicine manufacturing in 2023, accounting for 16.4 percent of the total U.S. trade dollar value.
  • Medical equipment and supplies manufacturing was Puerto Rico's second largest export in 2023, representing 7.1 percent of total exports for the island.
  • Puerto Rico's top 3 exports accounted for approximately 89.7 percent of the territory's total exports in 2023.
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U.S. Export Price Indexes: Pharmaceutical and Medicine Manufacturing

  • Pharmaceutical and medicine manufacturing export prices increased 0.1 percent in February.
  • The pharmaceutical and medicine manufacturing export price index fell 1.4 percent from February 2023 to February 2024.
  • A 7.3-percent decrease in prices for pharmaceutical preparation manufacturing led the 12-month decline in prices for pharmaceutical and medicine manufacturing.
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U.S. Export Price Indexes: Medical Equipment and Supplies Manufacturing

  • Export prices for medical equipment and supplies manufacturing advanced 0.4 percent in February.
  • The index for medical equipment and supplies manufacturing prices rose 4.5 percent over the past year.
  • An 8.7-percent increase in prices for surgical and medical instrument manufacturing led the 12-month advance in prices for medical equipment and supplies manufacturing.
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U.S. Export Price Indexes: Navigational, Measuring, Electromedical and Control Instruments

  • Export navigational, measuring, electromedical and control instruments prices rose 0.1 percent in February.
  • The price index for export navigational, measuring, electromedical and control instruments advanced 2.9 percent over the past year.
  • A 2.9-percent increase in analytical laboratory instrument manufacturing prices led the 12-month rise in prices for navigational, measuring, electromedical and control instruments.
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Top States and Territories in Exports for Pharmaceutical and Medicine Manufacturing, 2023

  • The United States exported $108.9 billion of pharmaceutical and medicine manufacturing products in 2023.
  • Puerto Rico remained the top U.S. exporter of pharmaceutical and medicine manufacturing in 2023, accounting for 16.4 percent of U.S. exports.
  • The 2 highest states, Indiana and North Carolina, accounted for 15.0 percent and 10.2 percent of 2023 U.S. exports of pharmaceutical and medicine manufacturing by trade dollar value, respectively.
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New York-New Jersey Information Office • BLSInfoNY@bls.gov • https://www.bls.gov/regions/new-york-new-jersey/ • 646-264-3600 

 

Last Modified Date: March 22, 2024