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Recent Price Trends in The Computer and Peripheral Industry: 2017 WWW - Bls.gov/mxp

The document summarizes recent price trends in the computer and peripheral industry from 2014-2016. It finds that import prices fell 5.4% over this period, while export prices declined 13.5%, driven largely by innovation and competition. Texas was the largest exporting state for computer parts, shipping over $16 billion worth in 2016, or about a third of US exports for this industry.

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23 views

Recent Price Trends in The Computer and Peripheral Industry: 2017 WWW - Bls.gov/mxp

The document summarizes recent price trends in the computer and peripheral industry from 2014-2016. It finds that import prices fell 5.4% over this period, while export prices declined 13.5%, driven largely by innovation and competition. Texas was the largest exporting state for computer parts, shipping over $16 billion worth in 2016, or about a third of US exports for this industry.

Uploaded by

John
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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RecentPriceTrendsintheComputerandPeripheralIndustry

AnoverviewofComputerandPeripheralEquipmentManufacturingpriceindexes
2017 www.bls.gov/mxp

U.S. Import and Export Price Indexes contain data on changes in the prices of nonmilitary goods
and services traded between the United States and the world. The U.S. Bureau of Labor Statistics
produces these indexes, which are Principal Federal Economic Indicators.
Q: How did import computer and peripheral
Q: How have import computer and peripheral
prices trended over the 20142016 period? (See prices compare with other economic data?
chart 1.) Both import and producer price indexes for computer
The price index for computer and peripheral imports, and peripherals declined over the 2014-2016 period.
which includes keyboards, monitors, and computer Domestic prices fell 11.7 percent over the 3 year period,
storage devices fell 5.4 percent from December 2013 while import prices dipped 5.4 percent. The difference
through December 2016, trending down over the in the market basket between the 2 indexes explains
duration of the 3-year period. some of the dissimilar price trends.
The total trade value for computer and peripheral
Continuous innovation and increasing market imports was $92.5 billion in 2014, decreasing 0.9
competition, specifically in lower-cost overseas percent over the year. Between 2015 and 2016, the
markets such as China, India, and Southeast Asia, trade value for computer and peripheral imports fell 5.5
greatly contributed to lower import prices. Additionally, percent from $91.7 billion to $86.7 billion.
semiconductor prices fell, placing further downward
pressure on computer prices.


Import/ExportPriceIndexes(MXP) www.bls.gov/mxp

Q: How have export computer and peripheral


Q: How are import and export price indexes useful
prices trended over the 20142016 period? to you?
(See chart 1.)

Computer and peripheral export prices trended


Import and export price indexes are the only data source that
provide unique measures of import and export price
downward from December 2013 to December 2016,
movement. Most other trade sources report trade volume or
declining 13.5 percent.
aggregate dollar value.
Rapid innovation and growing competition placed
For example, if you are involved in the computer and
downward pressure on export prices similar to
import prices.
peripherals industry and are considering conducting business
overseas, IPP computer and peripheral price indexes can
Q: What are the top six exporting states and supplement your industry research by providing long-term
territories for Computer and Peripheral import and export price trends of detailed prices actually
collected from industry sources.
Manufacturing? (See chart 2.)
In 2016, the total trade value of exported computer Q: How are import and export price indexes used?
and peripheral parts was over $45.1 billion. The top
six exporting states accounted for 73.4 percent of Import and export price indexes are used for a variety of
the total trade value. purposes:

Texas was the largest exporter for computer and In the conversion of U.S. trade figures from current dollars
peripheral parts manufacturing, exporting $16.6 to constant dollars in U.S. trade statistics including the
billion in 2016. Texas made up over one-third of all Bureau of Economic Analysis Quarterly Gross Domestic
exports for computers and peripherals in the United Product and the Census Bureaus monthly U.S. trade
States. statistics.
California was the second leading state with $8.8 To assess the impact of international trade on domestic
billion exported, comprising just under 20 percent of inflation and the competitive position of the United States.
all exports.
As a tool for analyzing fiscal and monetary policy,
Florida, Tennessee, New York, and Oregon measuring the impact of exchange rates, and escalating
rounded out the list of leading exporting states with trade contracts.
their combined trade value accounting for 17.1

percent of all computer and peripheral parts To identify specific industry and regional price trends.

exports.

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