FX.co ★ US Export Prices Unexpectedly Rise

In April 2025, prices for U.S. exports experienced a modest increase of 0.1% month-over-month, mirroring the revised figure for March and defying market expectations of a 0.5% decline. Remarkably, the price index for U.S. exports has remained stable on a monthly basis since September 2024. The prices of agricultural exports rose by 0.5% in April, reversing the 0.2% dip seen in March. This uptick was primarily driven by higher prices for fruit and nuts, which compensated for the decrease in soybean prices. Concurrently, nonagricultural export prices inched up by 0.1%, following a similar rise in March. Increases in consumer goods, capital goods, and automotive vehicles balanced out the reductions in industrial supplies and materials. Annually, export prices climbed by 2% in April, marking the slowest increase in four months and cooling from the upwardly revised 2.6% rise observed in March. It should be noted that export prices listed in the BLS index do not include tariffs but might still reflect their influence due to changes in market behavior.