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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: March 2023 to March 2024(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Feb.
2024		 Mar.
2024		 Annual Monthly
Mar.
2023
to
Mar.
2024		 Nov.
2023
to
Dec.
2023		 Dec.
2023
to
Jan.
2024		 Jan.
2024
to
Feb.
2024		 Feb.
2024
to
Mar.
2024

Industrialized Countries(2)

 102.8 103.1 0.4 1.3 0.2 0.1 0.3

Canada

 99.9 99.7 1.1 4.2 -1.0 -0.9 -0.2

European Union

 102.4 103.6 1.4 -0.7 0.2 1.2 1.2

Germany

 113.5 114.4 7.5 -0.3 3.9 -0.2 0.8

Latin America(3)

 106.3 105.8 -4.9 -1.9 0.2 0.5 -0.5

Mexico

 107.7 107.3 -6.3 -1.1 -0.6 0.3 -0.4

Pacific Rim(4)

 110.4 111.4 1.0 0.0 1.0 1.1 0.9

China

 107.0 107.2 -1.7 0.1 -0.9 0.8 0.2

Japan

 103.8 104.7 -6.0 0.3 -0.2 1.4 0.9

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: April 12, 2024