The U.S terms of trade with Canada increased 4.1%, for the year ending in November 2020. Terms of trade with China increased 2.2%, and terms of trade decreased with the European Union (−3.0) and Latin America (−3.2) during the same period. The U.S terms of trade with Japan were essentially unchanged for the year ended in November 2020.
U.S terms of trade with Canada increased because of a 0.1% increase in export prices to Canada and a 3.8% decrease for import prices from Canada.
Terms of trade with the European Union declined because of a 1.5% decrease in export prices to the European Union and a 1.5% increase in import prices from the European Union.