June 2026 U.S. Import and Export Price Indexes

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U.S. import prices increased 0.3 percent in June, the U.S. Bureau of Labor Statistics reported today, following a 1.7-percent advance in May. Higher prices for nonfuel imports more than offset lower prices for fuel imports in June. Prices for U.S. exports decreased 0.6 percent in June, after rising 1.2 percent the previous month.

Imports

Prices for U.S. imports rose 0.3 percent in June following increases of 1.7 percent in May and 2.1 percent in April. U.S. import prices advanced 7.1 percent from June 2025 to June 2026, the largest over-the-year increase since the index rose 7.7 percent in August 2022. (See table 1.)

Fuel Imports: Fuels and lubricants import prices decreased 0.4 percent in June following an increase of 12.6 percent in May. The June decline for import fuels and lubricants prices was the first monthly drop since the index fell 1.2 percent in January. In June, lower prices for import petroleum more than offset higher prices for import natural gas. Prices for import petroleum declined 0.7 percent in June and import natural gas prices increased 9.2 percent over the same period. Fuels and lubricants import prices increased 44.1 percent from June 2025 to June 2026. The price index for import petroleum increased 45.4 percent over the past 12 months and prices for import natural gas advanced 92.9 percent over the same period.

All Imports Excluding Fuel: Prices for nonfuel imports increased 0.4 percent in June following an advance of 0.7 percent in May. In June, higher prices for nonfuel industrial supplies and materials; capital goods; and consumer goods, excluding automotives, more than offset lower prices for automotive vehicles, parts, and engines as well as foods, feeds, and beverages. Nonfuel import prices rose 4.2 percent from June 2025 to June 2026, the largest 12-month increase since the index rose 4.6 percent for the year ended June 2022. Higher prices for nonfuel industrial supplies and materials; capital goods; and consumer goods, excluding automotives, more than offset lower prices for foods, feeds, and beverages as well as automotive vehicles, parts, and engines for the 12 months ended in June.

Foods, Feeds, and Beverages: Foods, feeds, and beverages import prices decreased 0.2 percent in June following a decline of 0.3 percent in May and an increase of 0.4 percent in April. Lower prices for vegetables as well as other animal and vegetable preparations and products more than offset higher prices for fruit, food oils and oilseeds, as well as meat in June.

Nonfuel Industrial Supplies and Materials: Import prices for nonfuel industrial supplies and materials rose 1.2 percent in June, after a 1.0-percent advance in May. Higher prices for chemicals and finished nonmetals (boxes, belting, glass, etc.) more than offset lower prices for major nonferrous metals-crude in June.

Finished Goods: Prices for the major finished goods import categories were mixed in June. Import capital goods prices increased 0.4 percent for the month. Higher prices for computers, peripherals, and semiconductors; industrial and service machinery; and scientific and medical machinery drove the advance. Import prices for consumer goods, excluding automotives, increased 0.3 percent in June, the fifth consecutive monthly advance for the index. Higher prices for apparel, footwear, and household goods more than offset lower prices for coins, gems, jewelry, and collectibles. The price index for import automotive vehicles, parts, and engines edged down 0.1 percent in June.

Exports

Prices for U.S. exports decreased 0.6 percent in June, the first monthly decline since the index fell 0.7 percent in May 2025. Lower prices for nonagricultural exports more than offset higher prices for agricultural exports in June. The price index for U.S. exports advanced 10.2 percent from June 2025 to June 2026. (See table 2.)

Agricultural Exports: Agricultural export prices rose 0.2 percent in June following a 0.9-percent advance in May. The price index for agricultural exports has not recorded a monthly decline since December 2025. Higher prices for other foods and food preparations as well as nuts more than offset lower prices for soybeans and corn. The price index for agricultural exports increased 4.6 percent over the past 12 months, as higher prices for soybeans, meat, and other foods and food preparations drove the over-the-year advance.

All Exports Excluding Agriculture: Nonagricultural export prices decreased 0.7 percent in June, after rising 1.2 percent in May and increasing 3.7 percent in April. Lower prices for nonagricultural industrial supplies and materials more than offset higher prices for capital goods; consumer goods, excluding automotives; and automotive vehicles, parts, and engines in June. Prices for nonagricultural exports increased 10.6 percent from June 2025 to June 2026. Higher prices for nonagricultural industrial supplies and materials; capital goods; and consumer goods, excluding automotives, contributed to the 12-month advance of the index for the year ended in June.

Nonagricultural Industrial Supplies and Materials: Nonagricultural industrial supplies and materials prices fell 2.1 percent in June, after increasing 2.4 percent the previous month. Lower prices for petroleum and nonferrous metals more than offset higher prices for natural gas in June.

Finished Goods: Prices for the major finished goods export categories were up in June. Capital goods prices increased 0.6 percent for the month. Higher prices for computers, peripherals, and semiconductors as well as civilian aircraft, aircraft engines, and parts more than offset lower prices for telecommunications equipment. In June, prices for export consumer goods, excluding automotives, rose 0.3 percent and prices for export automotive vehicles, parts, and engines ticked up 0.1 percent.

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 0.9 percent in June, the largest monthly advance since the index rose 0.9 percent in January 2008. The price index for imports from China rose 1.3 percent over the past 12 months, the largest over-the-year increase since the index advanced 1.7 percent from November 2021 to November 2022. Prices for imports from Japan decreased 0.6 percent in June following increases of 0.3 percent in May and 0.5 percent in April. The price index for imports from Japan advanced 1.2 percent from June 2025 to June 2026. Import prices from Mexico ticked up 0.1 percent in June and prices for imports from Canada increased 1.2 percent over the same period. In contrast, the price index for imports from the European Union edged down 0.1 percent in June, the first monthly decline since the index fell 0.1 percent in June 2025. (See table 7.)

Exports by Locality of Destination: Prices for exports to China decreased 0.2 percent in June, the first monthly decline since the index fell 0.7 percent in December 2025. Despite the monthly drop, the price index for exports to China increased 7.4 percent over the past 12 months, the largest over-the-year advance since the index rose 7.4 percent in August 2022. Prices for exports to Japan rose 0.6 percent in June following advances of 0.5 percent in May and 1.6 percent in April. The price index for exports to Japan increased 9.7 percent over the past 12 months. Prices for exports to the European Union decreased 1.4 percent in June and export prices to Mexico edged down 0.1 percent over the same period. In contrast, prices for exports to Canada advanced 2.0 percent in June. (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 1.1 percent in June following a 0.9-percent increase in May. The June decline in U.S. terms of trade with China was the largest monthly decrease since the index fell 2.5 percent in June 2025. The index for U.S. terms of trade with Japan increased 1.1 percent in June. The index for U.S. terms of trade with the European Union decreased 1.3 percent over the same period, after rising 0.3 percent in May. In June, the U.S. terms of trade index with Canada increased 0.7 percent and the index for U.S. terms of trade with Mexico decreased 0.1 percent. (See table 9.)

Import and Export Services

Imports: Import air passenger fares advanced 12.6 percent in June, after an 11.3-percent increase in May. The June advance was the largest monthly increase since the index rose 14.0 percent in September 2025. Higher European, Asian, and Latin American/Caribbean fares drove the overall advance in import air passenger fares in June. Import air passenger fares rose 12.5 percent from June 2025 to June 2026. Prices for import air freight advanced 1.9 percent in June, after rising 19.1 percent in May. Air freight import prices rose 33.8 percent over the past year, the largest 12-month advance since the index increased 35.2 percent for the year ended November 2021. (See table 10.)

Exports: Export air passenger fares advanced 3.5 percent in June following a 3.3-percent decrease the previous month. Higher European and Latin American/Caribbean fares more than offset lower Asian fares in June. The index for export air passenger fares declined 0.2 percent for the 12 months ended June 2026. Export air freight prices decreased 3.6 percent in June, the largest monthly decline since the index fell 5.0 percent in December 2024. Despite the monthly decrease, export prices for air freight advanced 8.8 percent from June 2025 to June 2026.

The U.S. Import and Export Price Indexes news release for July 2026 is scheduled to be published on Tuesday, August 18, 2026, at 8:30 a.m. (ET).