April 2026 U.S. Import and Export Price Indexes

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U.S. import prices increased 1.9 percent in April, the U.S. Bureau of Labor Statistics reported today, following a 0.9-percent rise in March. Higher prices for fuel imports and nonfuel imports drove the advance in April. Prices for U.S. exports advanced 3.3 percent in April, after rising 1.5 percent the previous month.

Imports

U.S. import prices advanced 1.9 percent in April following an increase of 0.9 percent in March and a rise of 1.0 percent in February. Prices for U.S. imports increased 4.2 percent from April 2025 to April 2026. The 12-month rise in U.S. import prices was the largest over-the-year advance since the index increased 4.2 percent for the year ended October 2022. (See All commodities in table 1.)

Fuel Imports: Import prices for fuels and lubricants increased 16.3 percent in April following an advance of 10.0 percent in March. The April increase was the largest monthly advance since the index rose 17.8 percent in March 2022. Higher prices for import petroleum more than offset lower prices for import natural gas. In April, prices for import petroleum and petroleum products increased 19.0 percent. In contrast, import natural gas prices declined over the same period, falling 22.1 percent. Prices for import fuels and lubricants advanced 20.0 percent from April 2025 to April 2026. Over the past 12 months, the price index for import petroleum and petroleum products rose 22.0 percent and prices for import natural gas ticked up 0.1 percent.

All Imports Excluding Fuel: Prices for nonfuel imports increased 0.8 percent in April following an advance of 0.2 percent in March. Higher prices for capital goods; nonfuel industrial supplies and materials; consumer goods, excluding automotives; and foods, feeds, and beverages more than offset lower prices for automotive vehicles, parts and engines. Nonfuel import prices increased 2.9 percent from April 2025 to April 2026. The 12-month advance in nonfuel import prices was the largest over-the-year rise since the index increased 2.9 for the year ended October 2022. Higher prices for capital goods; nonfuel industrial supplies and materials; and consumer goods, excluding automotives more than offset lower prices for automotive vehicles, parts and engines as well as for foods, feeds, and beverages from April 2025 to April 2026.

Foods, Feeds, and Beverages: Import foods, feeds, and beverages prices rose 0.9 percent in April following an increase of 1.1 percent in March and an advance of 0.3 percent in February. Higher prices for vegetables, meat, fruit, and other animal and vegetable preparations and products more than offset lower prices for green coffee in April.

Nonfuel Industrial Supplies and Materials: Import prices for nonfuel industrial supplies and materials increased 1.6 percent in April, after declining 0.8 percent in March. Higher prices for finished metals shapes and advanced manufacturing more than offset lower prices for major nonferrous metals-crude.

Finished Goods: Finished goods import prices were mixed in April. Import capital goods prices increased 1.1 percent. Higher prices for computers, peripherals and semiconductors as well as for oil drilling, mining, and construction machinery and equipment more than offset lower prices for electric apparatus and parts in April. Over the same period, prices for import consumer goods, excluding automotives increased 0.4 percent. In contrast, the price index for import automotive vehicles, parts and engines fell 0.1 percent in April.

Exports

Prices for U.S. exports increased 3.3 percent in April. Higher prices for nonagricultural and agricultural exports contributed to the monthly advance. U.S. export prices rose 8.8 percent over the 12-month period ended April 2026. The 12-month rise in U.S. export prices was the largest over-the-year advance since the index rose 9.8 percent for the year ended September 2022. (See All commodities in table 2.)

Agricultural Exports: The price index for agricultural exports increased 1.6 percent in April following a 0.6-percent rise in March. The April advance was the largest monthly increase since the index rose 2.1 percent in October 2024. Higher prices for fruit as well as for meat contributed to the April increase. The price index for agricultural exports advanced 4.3 percent over the past 12 months, as higher prices for soybeans as well as for meat drove the over-the-year increase.

All Exports Excluding Agriculture: Nonagricultural export prices increased 3.4 percent in April, after rising 1.6 percent in March and advancing 2.1 percent in February. Higher prices for nonagricultural industrial supplies and materials; capital goods; and consumer goods, excluding automotives more than offset lower prices for automotive vehicles, parts and engines in April. Prices for nonagricultural exports increased 9.3 percent from April 2025 to April 2026. Higher prices for nonagricultural industrial supplies and materials; capital goods; and consumer goods, excluding automotives drove the 12-month increase.

Nonagricultural Industrial Supplies and Materials: Nonagricultural industrial supplies and materials prices rose 7.3 percent in April, after an increase of 3.8 percent the previous month. Higher export prices for petroleum as well as for chemicals more than offset lower prices for nonferrous metals in April.

Finished Goods: Finished goods export prices were mixed in April. Capital goods export prices increased 0.7 percent. Higher prices for computers, peripherals, and semiconductors and for industrial and service machinery more than offset lower prices for civilian aircraft, aircraft engines and parts. The price index for export consumer goods, excluding automotives advanced 0.5 percent over the same period. In contrast, export automotive vehicles, parts and engines prices decreased 0.1 percent in April, the first monthly decline for the price index since July 2025.

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 rose 0.8 percent in April, the largest 1-month advance since the index increased 0.8 percent in July 2008. The price index for imports from China increased 0.3 percent over the past 12 months, the first year-over-year advance since December 2022. Prices for imports from Japan advanced 0.9 percent in April following a drop of 0.1 percent in March. The price index for imports from Japan rose 1.7 percent over the past 12 months. Import prices from the European Union and Mexico increased 0.9 percent and 1.2 percent, respectively, in April. Prices for imports from Canada increased 5.6 percent in April, the largest monthly rise since the index advanced 8.6 percent in March 2022. (See table 7.)

Exports by Locality of Destination: Prices for exports to China increased 2.1 percent in April following a rise of 1.8 percent the previous month. The price index for exports to China advanced 4.8 percent over the past 12 months, the largest over-the-year rise since the index increased 5.2 percent from September 2021 to September 2022. Prices for exports to Japan advanced 3.0 percent in April following a decline of 0.6 percent in March. The price index for exports to Japan increased 9.1 percent over the past 12 months. The price index for exports to the European Union increased 4.5 percent in April, the largest monthly rise since the index advanced 4.6 percent in March 2022. Export prices to Mexico increased 2.6 percent in April and prices for exports to Canada advanced 1.8 percent over the same period. (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 increased 1.3 percent in April following a 1.2-percent advance in March. Higher export prices to China in April more than offset higher import prices from China. Over the same period, the index for U.S. terms of trade with Japan increased 2.1 percent, after declining 0.5 percent the previous month. In April, the index for U.S. terms of trade with the European Union increased 3.6 percent and the U.S. terms of trade index with Mexico advanced 1.4 percent. In contrast, the U.S. terms of trade index with Canada fell 3.7 percent over the same period. (See table 9.)

Import and Export Services

Imports: Import air passenger fares decreased 2.7 percent in April, after advancing 2.0 percent in March. Lower European and Asian fares more than offset higher Latin American/Caribbean fares. Over the past year, import air passenger fares rose 1.6 percent. Prices for import air freight increased 0.9 percent in April following a decline of 1.7 percent the previous month. Higher import prices for Asian air freight more than offset lower import prices for European air freight in April. Over the past 12 months, import air freight prices advanced 3.2 percent. (See table 10.)

Exports: Export air passenger fares rose 5.2 percent in April following a 5.6-percent advance the previous month. Higher Latin American/Caribbean and Asian fares more than offset lower European fares. The price index for export air passenger fares increased 5.4 percent from April 2025 to April 2026, the largest over- the-year rise since the index advanced 9.1 percent for the year ended April 2023. Export air freight prices increased 8.5 percent in April, the largest 1-month advance since percent changes were first published on a monthly basis in January 2006. Higher prices for export Asian and European air freight contributed to the monthly advance. Over the past 12 months, the price index for export air freight increased 4.6 percent, the largest over-the-year rise since October 2024.

U.S. Import and Export Price Index data for May 2026 are scheduled for release on Tuesday, June 16, 2026, at 8:30 a.m. (ET).