from the Bureau of Labor Statistics
In August 2019, U.S. terms of trade with China, which measure the change in the prices of U.S. exports to China relative to prices of imports from China, decreased 1.5 percent. This was largest decline since a 1.7-percent decrease in September 2018. U.S. terms of trade with China dropped 1.5 percent over the past 12 months.
U.S. terms of trade with Japan declined 0.8 percent in August 2019, following a 0.9-percent increase the previous month. From August 2018 to August 2019, U.S. terms of trade with Japan fell from 99.5 to 99.0 (0.5 percent).
U.S. terms of trade with the European Union was unchanged in August, after increasing 0.6 percent in July.
U.S. terms of trade with Mexico declined 0.7 percent in August and 1.9 percent over the past year. U.S. terms of trade with Canada rose 0.6 percent in August but declined 0.7 percent over the past 12 months.
These data are from the International Price program. To learn more, see “U.S. Import and Export Price Indexes – August 2019.” Also, see charts on U.S. import and export prices and New Measures of Prices for Global Trade on the Commissioner’s Corner Blog. Import and export price changes may be revised in each of the 3 months after their initial publication. Terms of trade indexes measure the relative price of exports in terms of import prices for a specific country, region, or grouping. The indexes are calculated as one country, region, or grouping’s all-export goods price index divided by the corresponding all-import goods price index on a scale of 100.
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