Prices for U.S. imports decreased 1.8 percent for the year ending July 2019

August 19, 2019

Prices for U.S. imports decreased 1.8 percent for the year ending July 2019, while prices for exports decreased 0.9 percent over the same 12 months. 

Percent changes in import and export prices, by selected locality, July 2018 to July 2019

Locality

Import Prices

Export Prices

Total

-1.8% -0.9%
Industrialized Countries[1] 1.3 1.1

Canada

3.2 1.3

European Union

-0.1 1.5

Germany

0.4 2.8
Latin America[2] -2.6 -2.1

Mexico

-0.9 -1.9
Pacific Rim[3] -1.1 0.0

China

-1.6 -1.7

Japan

-0.1 0.2

[1] Western Europe, Canada, Japan, Australia, New Zealand, and South Africa

[2] Mexico, Central America, South America, and the Caribbean

[3] China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, Hong Kong, Singapore, South Korea, and Taiwan

Prices for U.S. imports from all industrialized countries increased 1.3 percent from July 2018 to July 2019.  Export prices increased 1.1 percent over the same 1-year period.  The largest increase in import prices among the selected localities was 3.2 percent for goods from Canada, while the largest increase in export prices was 2.8 percent, for goods exported from Germany.

U.S import prices from Latin America decreased 2.6 percent, while U.S. export prices to this region decreased 2.1 percent.  These were the largest price decreases from July 2018 to July 2019.  Prices for exports to the Pacific Rim were unchanged over the year. 

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 — July 2019.” See more charts on import and export price trends in 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, Prices for U.S. imports decreased 1.8 percent for the year ending July 2019 on the Internet at https://www.bls.gov/opub/ted/2019/prices-for-u-s-imports-decreased-1-point-8-percent-for-the-year-ending-july-2019.htm (visited September 16, 2019).

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