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Economic News Release
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Table 9 U.S. Terms of Trade Indexes, by Locality

Table 9. U.S. terms of trade indexes and percent changes by locality: October 2022 to October 2023(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Sep.
2023		 Oct.
2023		 Annual Monthly
Oct.
2022
to
Oct.
2023		 Jun.
2023
to
Jul.
2023		 Jul.
2023
to
Aug.
2023		 Aug.
2023
to
Sep.
2023		 Sep.
2023
to
Oct.
2023

Industrialized Countries(2)

 100.8 101.1 0.4 0.4 -0.2 0.1 0.3

Canada

 93.9 96.1 6.3 -0.8 -2.4 -0.9 2.3

European Union

 103.1 102.7 -2.5 1.0 0.3 1.3 -0.4

Germany

 109.1 108.6 4.5 1.7 0.2 0.4 -0.5

Latin America(3)

 109.6 108.5 -9.6 -0.4 2.8 0.2 -1.0

Mexico

 110.9 110.2 -9.8 -0.9 1.4 0.4 -0.6

Pacific Rim(4)

 109.0 108.9 -2.6 0.3 0.3 0.4 -0.1

China

 107.5 106.5 -2.1 1.2 -0.4 0.7 -0.9

Japan

 104.0 103.2 -9.3 -1.8 -0.1 -0.1 -0.8

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
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Last Modified Date: November 16, 2023