FX.co ★ US Export Prices Unchanged in March

In March 2025, prices for U.S. exports remained steady, in line with expectations, following a revised 0.5% increase recorded in February. Notably, U.S. export prices have consistently held steady on a month-to-month basis since September 2024. Specifically, agricultural export prices showed no change compared to a 0.6% increase in February, as elevated soybean prices balanced out decreases in wheat and rice prices. Conversely, nonagricultural export prices experienced a 0.1% drop, marking the first decline in six months. This was primarily due to reduced prices for nonagricultural industrial supplies, materials, and food items, which outweighed the rise in prices for capital goods, consumer goods, and automotive vehicles. On an annual scale, export prices rose by 2.4% in March, following a 2.6% increase in the previous month. It should be noted that the export price index calculated by the Bureau of Labor Statistics (BLS) does not incorporate tariffs, although such duties can still influence market dynamics indirectly.