August 2025 U.S. Import and Export Price Indexes

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U.S. import prices advanced 0.3 percent in August, the U.S. Bureau of Labor Statistics reported today, following a 0.2-percent increase in July. Higher prices for nonfuel imports more than offset lower prices for fuel imports in August. Prices for U.S. exports increased 0.3 percent in August, after rising 0.3 percent the previous month.

Imports

Import prices increased 0.3 percent in August following an advance of 0.2 percent in July and a decrease of 0.2 percent in June. Prices for U.S. imports were unchanged from August 2024 to August 2025. (See table 1.)

Fuel Imports: Import fuel prices decreased 0.8 percent in August following an increase of 2.5 percent in July and an advance of 0.6 percent in June. Lower prices for natural gas and petroleum drove the decrease. In August, prices for import petroleum decreased 0.2 percent and prices for import natural gas fell 13.2 percent, the sixth consecutive monthly decline for the index. Import fuel prices decreased 10.1 percent for the year ended August 2025. The import price index for petroleum decreased 10.7 percent over the past 12 months and has not increased on a 12-month basis since February 2025. Prices for import natural gas increased 43.5 percent over the same period.

All Imports Excluding Fuel: Prices for nonfuel imports increased 0.4 percent in August following no change in July. The August advance was the largest monthly increase since the index rose 0.6 percent in April 2024. Higher prices in August for consumer goods, nonfuel industrial supplies and materials, capital goods, and automotive vehicles more than offset lower prices for foods, feeds, and beverages. Nonfuel import prices increased 0.9 percent on an over-the-year basis. Higher prices for nonfuel industrial supplies and materials and capital goods more than offset lower prices for consumer goods and automotive vehicles, as well as for foods, feeds, and beverages for the 12-month period ended in August.

Foods, Feeds, and Beverages: Prices for import foods, feeds, and beverages declined 2.1 percent in August following decreases of 0.1 percent in July and 1.3 percent in June. The decline in August was the largest monthly decrease since the index fell 2.2 percent in November 2020. Lower prices for fruit, green coffee, and cocoa beans more than offset higher prices for bakery and confectionery products in August.

Nonfuel Industrial Supplies and Materials: Import prices for nonfuel industrial supplies and materials increased 1.0 percent in August, after rising 0.2 percent in July. August's advance was the largest increase since the index rose 1.2 percent in February 2025. Higher prices for finished nonmetals (boxes, belting, glass, etc.), major nonferrous metals, and iron and steel advanced manufacturing drove the increase.

Finished Goods: Prices for the major import finished goods categories were up in August. Import consumer goods prices increased 0.7 percent in August, the largest monthly advance since the index rose 1.1 percent in January 2024. Higher prices for medicinal, dental and pharmaceutical preparatory materials as well as apparel and household goods were the major contributors to the August advance. In August, capital goods import prices advanced 0.5 percent. Higher prices for computers, peripherals and semiconductors; industrial and service machinery; and scientific and medical machinery drove the increase. The price index for automotive vehicles advanced 0.2 percent in August.

Exports

Prices for U.S. exports advanced 0.3 percent in August. Higher prices for nonagricultural exports drove the increase. U.S. export prices rose 3.4 percent over the 12-month period ended in August, the largest over-the- year increase since the index rose 4.6 percent for the year ended December 2022. (See table 2.)

Agricultural Exports: The price index for agricultural exports was unchanged in August following a 0.2- percent decrease in July. Higher prices for fruit offset lower prices for nuts and soybeans. The price index for agricultural exports increased 5.1 percent over the past 12 months, as higher prices for nuts, meat, and fruit drove the over-the-year increase.

All Exports Excluding Agriculture: Nonagricultural export prices increased 0.3 percent in August, after rising 0.3 percent in July and advancing 0.6 percent in June. Higher prices for consumer goods, nonagricultural industrial supplies and materials, capital goods, and automotive vehicles drove the increase. Nonagricultural export prices increased 3.2 percent from August 2024 to August 2025, the largest over-the- year increase since the index rose 3.9 percent for the year ended December 2022. The 12-month increase in prices for nonagricultural exports was driven by higher prices for nonagricultural industrial supplies and materials, capital goods, and consumer goods.

Nonagricultural Industrial Supplies and Materials: Export prices for nonagricultural industrial supplies and materials increased 0.2 percent in August, after an advance of 0.8 percent the previous month. Higher prices for nonferrous metals, chemicals, and steelmaking and ferroalloying materials more than offset lower prices for fuel.

Finished Goods: Prices for the major finished goods export categories were up in August. Export consumer goods prices increased 0.6 percent in August. Higher prices for apparel and household goods and for jewelry contributed to the monthly advance. For the second consecutive month, export capital goods prices rose 0.2 percent in August. Higher prices for industrial and service machinery and for civilian aircraft, aircraft engines and parts, as well as for computers, peripherals, and semiconductors drove the increase. Export automotive vehicles prices advanced 0.2 percent in August, driven by higher prices for nonengine parts and accessories.

More information for the major import and export price indexes can be found at www.bls.gov/web/ximpim/largest.htm.

Measures of Import and Export Prices by Locality

Imports by Locality of Origin: Import prices from China increased 0.6 percent in August, the largest monthly advance since the index rose 0.7 percent in December 2021. The price index for imports from China decreased 3.1 percent over the past 12 months. Prices for imports from Japan rose 0.1 percent in August following an increase of 0.4 percent in July and an advance of 0.1 percent in June. The price index for imports from Japan advanced 1.4 percent for the year ended in August. The price index for imports from Canada increased 0.5 percent in August and import prices from Mexico advanced 0.3 percent, after rising 0.6 percent the previous month. Import prices from the European Union increased 0.5 percent in August, the largest monthly advance since the index rose 0.5 percent in April 2024. (See table 7.)

Exports by Locality of Destination: Prices for exports to China decreased 1.4 percent in August, after rising 1.3 percent in July and declining 2.6 percent in June. Despite the recent monthly declines, the price index for exports to China increased 1.2 percent over the past 12 months. Prices for exports to Japan increased 1.2 percent in August following a decrease of 0.3 percent in July and an increase of 0.3 percent in June. The August advance was the largest monthly increase since the index rose 1.2 percent in January 2025. Over the past 12 months, the price index for exports to Japan increased 3.1 percent. Prices for exports to Canada increased 2.3 percent in August, the largest monthly advance since the index rose 3.0 percent in March 2022. The index for export prices to the European Union increased 0.3 percent in August, after rising 0.6 percent the previous month. Export prices to Mexico ticked up 0.1 percent in August and advanced 2.8 percent over the past year. (See table 8.)

Terms of Trade Indexes: Terms of trade indexes are based on country, region, or grouping and measure the change in the purchasing power of exports relative to imports. The U.S. terms of trade index with China decreased 2.0 percent in August following a 2.3-percent increase in July. The August decline in the U.S. terms of trade with China was driven by the decrease in export prices to China. The index for U.S. terms of trade with Japan increased 1.1 percent in August, as higher export prices to Japan more than offset higher import prices from Japan. The U.S. terms of trade index with the European Union declined 0.2 percent in August, after advancing 0.2 percent in July. In August, the U.S. terms of trade index with Canada increased 1.9 percent and U.S. terms of trade with Mexico decreased 0.2 percent. (See table 9.)

Import and Export Services

Imports: Import air passenger fares decreased 8.3 percent in August, after a drop of 14.3 percent in July. Lower prices for European, Asian, and Latin America/Caribbean fares drove the decline in August. Import air passenger fares decreased 2.7 percent over the past year. Prices for import air freight decreased 0.5 percent in August and declined 6.5 percent over the past 12 months. The over-the-year drop in August was the largest decrease since the index declined 8.6 percent for the year ended February 2024. (See table 10.)

Exports: Export air passenger fares declined 7.1 percent in August following a 2.6-percent decrease the previous month. The August decline was the largest monthly decrease since the index fell 13.0 percent in February 2025. Lower prices for European, Latin America/Caribbean, and Asian fares drove the drop in August. The price index for export air passenger fares decreased 4.0 percent from August 2024 to August 2025. Export air freight prices decreased 2.7 percent in August and increased 2.3 percent over the past year. The August drop was the largest monthly decline since the index decreased 5.0 percent in December 2024.

U.S. Import and Export Price Index data for September 2025 are scheduled for release on Friday, October 17, 2025, at 8:30 a.m. (ET).