Export prices in the US fell 0.9% month-over-month in May 2025, the most since October 2023 and more than market expectations of a 0.2% decrease. Nonagricultural export prices dropped 1%, as lower prices for nonagricultural industrial supplies and materials more than offset higher prices for capital goods, consumer goods, and automotive vehicles. On the other hand, agricultural export prices increased 0.2%, as higher prices for nuts and for bakery and confectionery products more than offset lower prices for meat. On a yearly basis, export prices rose 1.7%. Export prices in the BLS index exclude tariffs but may still reflect their impact through market behavior changes.
