U.S. import and export prices down over the year ending January 2016

February 17, 2016

Overall import prices declined 6.2 percent from January 2015 to January 2016, after decreasing 8.9 percent for the year ending January 2015. The over-the-year decrease was the smallest since the index fell 5.6 percent from December 2013 and December 2014. Overall export prices also declined over the past 12 months, decreasing 5.7 percent after a 5.0-percent decline for the year ending January 2015.

12-month percent change in U.S. import and export price indexes, January 2006–January 2016
Month All imports Fuel imports Nonfuel imports All exports Agricultural exports Nonagricultural exports

Jan 2006

8.7% 48.6% 0.9% 2.7% 4.8% 2.6%

Feb 2006

6.9 37.4 0.8 2.7 4.6 2.7

Mar 2006

4.5 21.7 0.7 2.3 0.7 2.5

Apr 2006

5.8 27.8 0.6 2.5 -0.1 2.6

May 2006

8.6 41.0 1.5 3.5 -1.5 3.9

Jun 2006

7.4 29.3 2.2 4.2 0.2 4.6

Jul 2006

7.0 24.3 2.5 4.5 2.1 4.7

Aug 2006

6.0 17.7 2.9 5.2 3.7 5.3

Sep 2006

1.6 -2.6 2.9 3.9 4.6 3.8

Oct 2006

-1.0 -13.2 2.6 2.9 5.3 2.6

Nov 2006

1.3 -4.2 2.8 3.9 10.3 3.4

Dec 2006

2.5 0.9 2.9 4.5 13.5 3.7

Jan 2007

0.0 -10.2 2.8 4.1 13.5 3.3

Feb 2007

1.2 -4.6 2.5 4.9 17.5 3.8

Mar 2007

2.8 4.0 2.6 5.4 20.1 4.3

Apr 2007

2.1 0.5 2.7 5.1 18.9 4.0

May 2007

1.2 -2.4 2.4 4.6 18.1 3.6

Jun 2007

2.3 3.5 2.1 4.3 18.2 3.2

Jul 2007

2.8 5.1 2.4 4.0 17.8 2.9

Aug 2007

1.9 1.3 2.4 3.7 17.9 2.5

Sep 2007

4.8 15.6 2.1 4.5 23.4 2.9

Oct 2007

9.1 36.5 2.7 5.6 26.8 3.9

Nov 2007

12.0 50.8 3.0 6.2 23.0 4.7

Dec 2007

10.6 42.1 3.1 6.0 23.3 4.5

Jan 2008

13.6 58.8 3.5 6.8 28.5 4.9

Feb 2008

13.5 54.6 4.3 6.9 30.7 4.8

Mar 2008

15.2 57.0 5.1 7.9 34.0 5.5

Apr 2008

16.9 59.7 6.0 8.0 33.3 5.7

May 2008

19.1 70.2 6.0 8.1 33.6 5.7

Jun 2008

21.3 77.9 6.4 8.7 33.1 6.5

Jul 2008

21.4 75.2 6.7 10.2 39.7 7.6

Aug 2008

18.1 60.7 6.6 8.3 25.0 6.8

Sep 2008

13.1 38.5 6.1 7.0 20.1 5.8

Oct 2008

4.9 4.5 4.8 4.0 6.0 3.8

Nov 2008

-5.9 -32.9 2.6 -0.3 -2.7 0.0

Dec 2008

-10.1 -47.0 1.2 -2.9 -10.9 -2.2

Jan 2009

-12.5 -51.4 -0.3 -3.4 -10.0 -2.7

Feb 2009

-12.7 -49.8 -1.2 -4.5 -15.4 -3.4

Mar 2009

-14.9 -50.7 -2.8 -6.7 -22.0 -5.0

Apr 2009

-16.4 -50.8 -3.8 -6.7 -17.5 -5.4

May 2009

-17.3 -50.7 -4.1 -6.6 -14.7 -5.6

Jun 2009

-17.5 -47.6 -4.5 -6.6 -13.1 -5.9

Jul 2009

-19.1 -50.6 -5.3 -8.3 -22.5 -6.6

Aug 2009

-15.3 -41.0 -5.1 -6.2 -14.1 -5.3

Sep 2009

-12.0 -34.0 -4.2 -5.6 -16.7 -4.4

Oct 2009

-5.6 -14.2 -3.1 -3.6 -9.7 -2.9

Nov 2009

3.4 26.4 -1.1 0.4 0.7 0.3

Dec 2009

8.6 62.2 0.3 3.4 9.2 2.9

Jan 2010

11.4 77.8 1.3 3.5 4.4 3.3

Feb 2010

11.3 72.0 1.9 3.4 2.0 3.6

Mar 2010

11.2 61.7 2.7 4.9 7.7 4.6

Apr 2010

11.2 54.4 3.2 5.5 3.5 5.7

May 2010

8.5 33.5 3.5 5.6 1.5 5.8

Jun 2010

4.3 10.7 2.9 3.7 -2.6 4.4

Jul 2010

4.9 14.7 2.8 3.9 2.3 4.1

Aug 2010

3.8 8.4 2.7 4.1 6.4 3.9

Sep 2010

3.6 8.1 2.5 4.9 12.2 4.3

Oct 2010

3.9 9.5 2.5 5.8 16.2 4.8

Nov 2010

4.1 8.0 3.0 6.5 20.3 5.1

Dec 2010

5.3 14.2 3.0 6.5 20.5 5.1

Jan 2011

5.6 13.9 3.4 7.0 22.7 5.4

Feb 2011

7.6 21.1 3.8 8.7 33.6 6.3

Mar 2011

10.3 31.0 4.4 9.5 34.0 7.1

Apr 2011

11.9 37.3 4.6 9.2 33.9 6.8

May 2011

12.9 43.7 4.5 9.1 30.4 7.0

Jun 2011

13.6 46.1 5.0 10.1 31.4 8.0

Jul 2011

13.7 44.8 5.4 9.8 26.4 8.2

Aug 2011

12.9 40.3 5.4 9.4 23.2 8.0

Sep 2011

12.7 40.9 5.4 9.4 22.7 7.9

Oct 2011

11.1 34.3 4.8 6.3 11.5 5.8

Nov 2011

10.1 32.4 3.7 4.8 5.4 4.8

Dec 2011

8.5 24.9 3.4 3.6 1.0 4.0

Jan 2012

6.9 19.8 2.9 2.6 -0.9 3.2

Feb 2012

5.1 13.4 2.4 1.8 -5.7 2.8

Mar 2012

3.5 7.9 2.0 1.1 -5.4 1.9

Apr 2012

0.8 -0.5 1.3 0.7 -3.1 1.2

May 2012

-0.8 -5.5 0.9 -0.2 -1.6 0.0

Jun 2012

-2.5 -11.5 0.6 -2.1 -5.8 -1.6

Jul 2012

-3.3 -13.4 0.0 -1.3 3.9 -1.9

Aug 2012

-1.8 -6.1 -0.4 -0.9 7.1 -1.9

Sep 2012

-0.6 -1.5 -0.4 -0.6 6.4 -1.5

Oct 2012

0.0 -0.8 0.1 1.5 11.9 0.2

Nov 2012

-1.4 -6.2 0.2 0.8 10.6 -0.3

Dec 2012

-2.0 -7.9 0.0 1.1 13.4 -0.3

Jan 2013

-1.5 -6.0 0.0 1.2 10.7 0.0

Feb 2013

-0.6 -2.5 0.1 1.5 13.4 0.0

Mar 2013

-2.1 -6.6 -0.4 0.2 8.7 -0.8

Apr 2013

-2.7 -8.1 -0.7 -0.8 4.3 -1.5

May 2013

-1.8 -4.3 -1.1 -0.8 5.0 -1.6

Jun 2013

0.1 3.8 -1.0 0.8 9.6 -0.2

Jul 2013

0.9 7.7 -1.0 0.3 3.1 -0.2

Aug 2013

0.0 4.1 -1.0 -1.1 -5.6 -0.6

Sep 2013

-0.7 1.2 -1.2 -1.6 -6.3 -0.9

Oct 2013

-1.6 -2.2 -1.3 -2.2 -5.9 -1.7

Nov 2013

-1.8 -4.1 -1.2 -1.5 -6.6 -0.9

Dec 2013

-1.1 -1.2 -1.2 -1.0 -6.4 -0.4

Jan 2014

-1.3 -2.2 -1.1 -1.0 -5.3 -0.5

Feb 2014

-1.1 -0.1 -1.2 -1.0 -5.9 -0.5

Mar 2014

-0.5 1.0 -0.7 0.4 -1.4 0.5

Apr 2014

-0.4 0.8 -0.6 -0.1 2.2 -0.2

May 2014

0.5 3.8 -0.2 0.6 1.4 0.5

Jun 2014

1.2 6.2 0.0 0.2 -1.2 0.3

Jul 2014

0.9 2.9 0.5 0.4 -2.7 0.7

Aug 2014

-0.3 -3.5 0.7 0.4 -1.6 0.5

Sep 2014

-1.4 -7.9 0.4 -0.4 -3.7 -0.1

Oct 2014

-2.1 -11.2 0.3 -0.7 -4.6 -0.3

Nov 2014

-3.1 -15.9 0.0 -1.7 -4.2 -1.4

Dec 2014

-5.6 -29.1 0.0 -3.0 -5.2 -2.8

Jan 2015

-8.9 -43.8 -0.9 -5.0 -6.4 -4.9

Feb 2015

-10.2 -47.9 -1.1 -5.8 -9.7 -5.3

Mar 2015

-10.8 -47.7 -1.8 -6.7 -13.7 -5.8

Apr 2015

-10.5 -45.3 -2.2 -6.3 -15.7 -5.3

May 2015

-9.7 -40.1 -2.2 -6.0 -17.0 -4.7

Jun 2015

-9.9 -40.1 -2.3 -5.8 -16.8 -4.5

Jul 2015

-10.5 -42.9 -2.6 -6.2 -14.4 -5.3

Aug 2015

-11.4 -48.2 -2.9 -7.1 -13.9 -6.3

Sep 2015

-11.6 -50.8 -3.0 -7.3 -13.8 -6.6

Oct 2015

-10.7 -47.4 -3.2 -6.7 -11.8 -6.1

Nov 2015

-9.5 -44.4 -3.2 -6.5 -12.7 -5.8

Dec 2015

-8.1 -40.3 -3.4 -6.6 -13.0 -5.9

Jan 2016

-6.2 -34.5 -2.9 -5.7 -12.7 -5.0

For the year ending January 2016, fuel import prices declined 34.5 percent. Over the same period, petroleum prices fell 35.3 percent and natural gas prices decreased 40.1 percent. Nonfuel import prices declined 2.9 percent over the past year.

Agricultural export prices fell 12.7 percent from January 2015 to January 2016, after decreasing 6.4 percent for the year ending January 2015. The price index for nonagricultural exports declined 5.0 percent for the year ending January 2016, following a 4.9-percent decrease from January 2014 to January 2015.

These data are from the International Price program. Import and export prices are subject to revision. To learn more, see "U.S. Import and Export Prices — January 2016" (HTML) (PDF). For more charts on import and export price trends, see Charts related to the latest "U.S. Import and Export Price Indexes" news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. import and export prices down over the year ending January 2016 on the Internet at https://www.bls.gov/opub/ted/2016/us-import-and-export-prices-down-over-the-year-ending-january-2016.htm (visited September 21, 2019).

OF INTEREST
spotlight

Recent editions of Spotlight on Statistics