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US Import and Export Prices Reflect Varied Movements in March
WASHINGTON, D.C. – A recent report from the U.S. Labor Department reveals fluctuations in import and export prices for March. The data indicates a slight decrease in overall import prices, while export prices remained stable. This report offers key insights into the current state of international trade and economic trends, closely watched by economists and policymakers alike.
Import Prices Overview
Monthly Import Price Changes
In March, overall import prices in the United States experienced a marginal decrease of 0.1%, contrasting with a 0.2% increase in February. Key categories showed the following changes:
- All Imports: -0.1% (Mar) vs 0.2% (Feb)
- Petroleum: -1.5% (Mar) vs 1.2% (Feb)
- Nonpetroleum: 0.0% (Mar) vs 0.1% (Feb)
- Food, Feed, and Drink: 0.1% (Mar) vs 0.0% (Feb)
- Industrial Supplies: -0.6% (Mar) vs 1.3% (Feb)
- Capital Goods: 0.3% (Mar) vs -0.1% (Feb)
- Motor Vehicles, Parts: -0.1% (Mar) vs -0.1% (Feb)
- Consumer Goods Excluding Autos: -0.2% (Mar) vs -0.2% (Feb)
Year-Over-Year Import Price Changes (March ’25 vs March ’24)
Comparing March of this year to March of the previous year, the report indicates:
- All Imports: +0.9%
- Petroleum: -6.7%
- Nonpetroleum: +1.6%
- Food, Feed, and Drink: +6.4%
- Industrial Supplies: +2.4%
- Capital Goods: +0.1%
- Motor Vehicles, Parts: +1.1%
- Consumer Goods Excluding Autos: -0.7%
Export Prices Overview
Monthly Export Price Changes
Export prices displayed no change in March, following a 0.5% increase in February. Notable changes across export sectors include:
- All Exports: 0.0% (Mar) vs 0.5% (Feb)
- Agricultural: 0.0% (Mar) vs 0.6% (Feb)
- Non-Agricultural: -0.1% (Mar) vs 0.5% (Feb)
- Food, Feed, and Drink: 0.2% (Mar) vs 0.6% (Feb)
- Industrial Supplies: -0.6% (Mar) vs 1.0% (Feb)
- Capital Goods: 0.5% (Mar) vs 0.1% (Feb)
- Motor Vehicles, Parts: 0.2% (Mar) vs 0.2% (Feb)
- Consumer Goods Excluding Autos: 0.3% (Mar) vs 0.3% (Feb)
Year-Over-Year Export Price Changes (March ’25 vs March ’24)
Year-on-year export price comparisons reveal:
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- All Exports: +2.4%
- Agricultural: +1.4%
- Non-Agricultural: +2.5%
- Food, Feed, and Drink: +3.4%
- Industrial Supplies: +3.0%
- Capital Goods: +2.0%
- Motor Vehicles, Parts: +2.7%
- Consumer Goods Excluding Autos: +0.8%
Price Indexes (Base Year 2000=100)
The import and export price indexes, based on the year 2000 equaling 100, are as follows for March:
- Import Prices Index: 141.8
- Export Prices Index: 152.4
Economic Forecasts and Expectations
A Reuters survey of economists had anticipated stable import and export prices for March. The actual figures show a slight deviation from these forecasts, particularly in import pricing.
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