US export prices rose by 1.3% month-over-month in May 2026, following an upwardly revised 3.5% surge in the prior month and slightly above market forecasts of a 1.2% increase. This marked the sixth consecutive monthly advance for the index, albeit the softest since January. Nonagricultural export prices increased 1.2% in May, reflecting higher prices for nonagricultural industrial supplies and materials; capital goods; consumer goods, excluding automotives; and automotive vehicles, parts, and engines. Prices of agricultural exports rose 1.2%, largely driven by prices for dairy products and eggs, meat, and vegetables. On a yearly basis, export prices accelerated further, climbing by 11.2% in May, the most since August 2022, after a 8.8% jump in the previous month.