United States Export Prices

Export prices in the US increased 0.2 percent month-over-month in November 2019, after a 0.1 percent drop in the prior month and above market expectations of a 0.1 percent rise. Prices of agricultural exports went up 2.2 percent, after rising 1.7 percent in October, while those of non agricultural products showed no growth after decreasing 0.2 percent in the previous month. Year-on-year, export prices declined 1.3 percent, following a 2.2 percent fall in October and against market consensus of a 2.0 percent drop.

Export prices in the US edged down 0.1 percent month-over-month in October of 2019, following a 0.2 percent decline in the previous month and matching market expectations. Prices decreased for nonagricultural exports (-0.3 percent vs -0.1 percent in September) driven by industrial supplies and materials, capital goods, and consumer goods. On the other hand, prices for agricultural exports went up 1.9 percent, following a 1.7 percent drop in the previous month, mainly boosted by a 4.9 percent increase in soybean cost. Year-on-year, export prices slumped 2.2 percent, the largest 12-month decrease in the index since a 2.4 percent drop in August of 2016.

Export prices in the US decreased 0.2 percent from a month earlier in September of 2019, compared to a 0.6 percent decline in the previous month and market expectations of a flat reading. Prices for agricultural exports slid 1.8 percent, following a 2.3 percent decline in August, amid lower prices for corn, meat, wheat, and soybeans which more than offset higher fruit prices. Cost of nonagricultural exports, edged down 0.1 percent, after a 0.3 percent drop, led by prices of nonagricultural industrial supplies and materials, consumer goods, and automotive vehicles. Year-on-year, export prices declined 1.6 percent, following a 1.4 percent fall in the previous month and compared with market forecasts of a 1.5 percent decrease.

Export prices in the US decreased 0.6 percent from a month earlier in August of 2019, down from a 0.2 percent rise in the previous month and compared with market expectations of a 0.2 percent drop. Prices for agricultural exports slumped 2.5 percent in August, the largest decline since July of 2018 and after a 0.2 percent increase in July, mainly due to lower prices for vegetables, corn, soybeans, cotton, meat, and wheat. Cost of nonagricultural export fell 0.4 percent, following a 0.2 percent gain, led by by price declines for nonagricultural industrial supplies and materials and automotive vehicles. Year-on-year, export prices went down 1.4 percent, after a 0.9 percent decrease in July. It is the fourth straight monthly decrease.

Export prices in the US increased 0.2 percent from a month earlier in July 2019, following a downwardly revised 0.6 percent fall in the prior month and against market expectations of a flat reading. It was the largest rise since March when prices advanced 0.7 percent. Prices of agricultural exports rose 0.4 percent (vs 2.5 percent in June), led by higher prices for soybeans, other animal feeds, nuts, and vegetables which more than offset lower prices for fruit and wheat. Prices for nonagricultural exports rebounded slightly (0.2 percent vs -1.0 percent in June), primarily due to higher nonagricultural industrial supplies and materials prices, though rising consumer goods prices also contributed to the advance. In contrast, prices for capital goods and automotive vehicles went down. Year-on-year, export prices fell 0.9 percent, after a 1.6 percent decline in June but less than an expected 1.4 percent decrease.

Export prices in the US fell 0.7 percent from a month earlier in June of 2019, following a 0.2 percent decrease in the previous month and worse than market expectations of a 0.2 percent drop. It is largest monthly drop since November of 2018 when it declined by 0.8 percent. Prices for nonagricultural exports slumped 1.1 percent (vs -0.2 percent in May), the largest monhly decrease since last December as lower prices for nonagricultural industrial supplies and materials more than offset higher prices for capital goods and consumer goods. Prices for agricultural exports increased 2.7 percent in June (vs-1.1 percent in May), led by a 13.5 percent rise in corn prices and a 5.0 percent increase in soybean prices; higher fruit, wheat, and nut prices also contributed to the overall rise in agricultural prices. Year-on-year, export prices decreased 1.6 percent, the largest decline since August of 2016.