US Export Prices Fall at Fastest Pace Since 2023

US export prices rose 2.2% in September, the largest monthly increase since April, accelerating from a 1.2% gain in August and well above expectations of 1%. Nonagricultural export prices climbed 2.1%, following a 1.3% rise in the previous month. Gains were recorded in industrial supplies and materials, capital goods, consumer goods excluding automobiles, and automotive vehicles, parts and engines. Agricultural export prices increased 2.6%, marking their strongest monthly advance since November 2022. Higher prices for soybeans, corn and wheat contributed to the increase. On an annual basis, US export prices advanced 11.6%, reaching their highest growth rate since July 2022.

US export prices increased 0.6% month-over-month in August 2026, exceeding market expectations for a 0.5% rise and rebounding from a revised 1.4% decline in July. The increase was broad-based, with both agricultural and nonagricultural export prices advancing. Agricultural export prices rose 0.5% after a 0.4% gain in July, extending a period of monthly increases that began in January. Higher prices for corn and animal feeds more than offset declines in meat prices. Meanwhile, nonagricultural export prices climbed 0.7%, reversing declines of 1.6% in July and 0.8% in June. The increase was driven by higher prices for industrial supplies and materials, capital goods, and automotive vehicles, parts and engines. Overall, US export prices rose 8.6% in the 12 months through August, highlighting continued upward pressure on the prices of goods sold abroad despite the sharp monthly decline recorded in July.

US export prices fell 1.3% month-over-month in July 2026, reversing a upwardly revised 0.7% decline in June, missing market expectations for a 0.2% increase. It marked the second consecutive monthly drop and the largest monthly decline since May 2023, driven by a 1.5% fall in nonagricultural export prices, as lower prices for industrial supplies and materials (-4%), reflecting lower prices for fuel, nonferrous metals, and chemicals, outweighed gains in capital goods (0.5%), consumer goods, excluding automotives (0.2%), and automotive products (0.7%). The latter marks its the largest monthly increase since April 2025. Meanwhile, agricultural export prices rose 1%, extending gains for a seventh straight month. On an annual basis, US export prices increased 8.2% in July.