US export prices increased 1.3% month-over-month in May 2026, following an upwardly revised 3.5% surge in April and slightly exceeding market expectations of a 1.2% gain. This was the sixth consecutive monthly rise in the export price index, though it was the smallest increase since January.
Nonagricultural export prices climbed 1.2% in May, driven by higher prices for nonagricultural industrial supplies and materials, capital goods, consumer goods excluding automobiles, and motor vehicles, parts, and engines. Agricultural export prices also rose 1.2%, largely reflecting higher prices for dairy products and eggs, meat, and vegetables.
On an annual basis, export prices accelerated further, rising 11.2% in May — the fastest pace since August 2022 — after an 8.8% increase in the previous month.
