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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: December 2021 to December 2022(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Nov.
2022
Dec.
2022
Annual Monthly
Dec.
2021
to
Dec.
2022
Aug.
2022
to
Sep.
2022
Sep.
2022
to
Oct.
2022
Oct.
2022
to
Nov.
2022
Nov.
2022
to
Dec.
2022

Industrialized Countries(2)

101.4 99.5 0.4 0.4 0.7 0.6 -1.9

Canada

91.3 91.7 1.9 1.9 3.0 0.9 0.4

European Union

106.3 103.0 -0.2 -0.9 0.5 0.9 -3.1

Germany

105.3 105.0 1.3 -0.4 0.0 -0.1 -0.3

Latin America(3)

118.6 112.2 1.1 -0.3 0.1 -1.2 -5.4

Mexico

119.7 115.2 -0.4 -0.8 -1.0 -2.1 -3.8

Pacific Rim(4)

111.7 110.0 0.9 -1.1 -0.6 -0.1 -1.5

China

108.4 106.0 -1.1 -2.5 -2.1 -0.3 -2.2

Japan

113.1 110.0 0.6 -2.3 -1.1 -0.4 -2.7

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

Last Modified Date: October 16, 2023