US export prices rose 3.3% month-over-month in April 2026, accelerating from a downwardly revised 1.5% increase in March and exceeding market expectations of a 1.1% gain. This was the sharpest monthly rise in export prices since March 2022 and was largely driven by a stronger advance in nonagricultural export prices, which climbed 3.4% in April after a 1.6% increase in March. Higher prices for industrial supplies and materials, capital goods, and consumer goods excluding automobiles more than offset declines in prices for automotive vehicles, parts, and engines.
Meanwhile, the price index for agricultural exports rose 1.6% in April, the largest increase since October 2024, following a 0.6% gain in March. The advance primarily reflected higher prices for fruit and meat. On an annual basis, US export prices jumped 8.8% in April, the strongest year-on-year increase since September 2022, after a revised 5.4% rise in the previous month.
