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U.S. export prices increased 9.5 percent from September 2021 to September 2022

October 26, 2022

Prices for U.S. exports rose 9.5 percent from September 2021 to September 2022. U.S. export prices to industrialized countries increased 8.0 percent from September 2021 to September 2022.  This was down from the 9.5-percent increase from August 2021 to August 2022.

 12-month percent changes in U.S. export price indexes by locality of destination, September 2021 to September 2022
Country Percent change

Industrialized countries

8.0%

Canada

8.8

European Union

6.7

Germany

5.8

Latin America

14.1

Mexico

10.7

Pacific Rim

6.0

China

5.2

Japan

7.2

The largest price increase in September exports was for goods exported to Latin America, at 14.1 percent, while the smallest increase was for goods exported to China, at 5.2 percent. Industrialized countries are defined as Western Europe, Canada, Japan, Australia, New Zealand, and South Africa, while Latin America includes Mexico, Central America, South America, and the Caribbean. The Pacific Rim includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries. 

These data are from the International Price program and are not seasonally adjusted. To learn more, see "U.S. Import and Export Price Indexes — September 2022." We also have more charts on U.S. import and export prices. Export price changes may be revised in each of the 3 months after original publication.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. export prices increased 9.5 percent from September 2021 to September 2022 at https://www.bls.gov/opub/ted/2022/u-s-export-prices-increased-9-5-percent-from-september-2021-to-september-2022.htm (visited January 29, 2023).

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