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Technical Information Jim Thomas (202) 606-7155 Bill Alterman (202) 606-7108 Media contact: Kathryn Hoyle (202) 606-5902 Internet Address: http://stats.bls.gov/ipphome.htm USDL-98-99 Transmission of this Material is Embargoed Until: 10:00 A.M. E.S.T. Thursday, March 12, 1998 U.S. IMPORT AND EXPORT PRICE INDEXES -FEBRUARY 1998The U.S. Import Price Index fell 0.8 percent in February, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decline marked the fourth month in a row the index was down and was again attributable to decreases in both petroleum and nonpetroleum prices. The U.S. Export Price Index, down 0.2 percent, fell for the third month in a row, primarily due to falling agricultural prices. Percent changes in import and export price indexes by End Use category - not seasonally adjusted - Month IMPORTS All Petroleum Imports Imports Nonpetroleum Imports All Exports EXPORTS AgriNonagricultural cultural Exports Exports 1997 February March April May June July August September October November December -0.9 -1.3 -1.1 0.0 -0.1 -0.2 -0.1 -0.1 0.2 -0.4 -1.0r -8.1 -8.7 -7.3 1.1 -2.0 -1.3 2.3 0.2 5.6 -3.5 -6.7r -0.1 -0.4 -0.5 -0.1 0.1 -0.2 -0.3 0.0 -0.3 -0.2 -0.4 0.2 0.1 0.0 -0.3 -0.1 0.0 0.0 -0.3 -0.4 0.0 -0.4 2.1 1.5 -0.4 -1.2 -2.0 -1.1 0.1 -0.1 -1.8 0.7 -0.8 0.0 -0.1 0.0 0.0 0.1 0.0 0.0 -0.3 -0.2 -0.1 -0.4 -1.2r -0.8 -9.0r -7.4 -0.6 -0.3 -0.7r -0.2 -2.7r -1.5 -0.4r 0.0 1998 January February Feb. 1996-97 Feb. 1997-98 0.3 -6.1 19.7 -32.0 -1.9 -3.3 -1.2 -2.3 -6.3 -9.0 -0.4 -1.4 r = revised to reflect late reports and corrections by respondents. Import Goods The February import price decline of 0.8 percent followed slightly larger declines of 1.2 percent and 1.0 percent in the previous two months, respectively. Over the past 12 months, the import price index decreased 6.1 percent. Petroleum prices fell 7.4 percent in February and declined 32.0 percent for the year ended in February. Over the past four months alone, the index for petroleum prices dropped 24.1 percent. Nonpetroleum import prices also continued to slide, falling 0.3 percent in February, the eighth consecutive month without an increase. In January, nonpetroleum import prices decreased 0.6 percent. The nonpetroleum price index decreased 3.3 percent for the year ended in February, and was down 5.1 percent over the past two years. The index for imported capital goods led the drop in nonpetroleum import prices, falling 0.7 percent. The index has declined for eight consecutive months and has posted monthly increases only twice since December 1995. For the year ended in February, the index decreased 6.7 percent compared with a 5.6 percent drop over the February 1996-97 period. The index for industrial supplies and materials excluding petroleum continued a recent three month slide, falling 0.5 percent last month after declining 1.6 percent in January and 1.4 percent in December; decreasing chemical and textile prices had the largest impact on the February decline. For the second consecutive month, the index for foods, feeds, and beverages fell, dropping 0.7 percent in February and 0.5 percent the previous month. In contrast, the indexes for automotive vehicles, parts, and engines and for consumer goods each increased in February, rising 0.4 percent and 0.2 percent, respectively. The increase in auto prices last month followed no change in January, while consumer goods were pushed up in February largely due to a seasonal increase in flower prices. Export Goods The 0.2 percent price decline for exported goods followed decreases of 0.7 percent and 0.4 percent in January and December, respectively. For the past 12 months, the index fell 2.3 percent. The decline in February was attributable to falling agricultural prices as nonagricultural export prices posted no change. Agricultural export prices fell for the third consecutive month, down 1.5 percent after falling 2.7 percent in January and 0.8 percent in December. The February decline was largely attributable to a drop in vegetable prices which countered an upturn in prices for grains and oilseeds. Export prices for nonagricultural commodities were unchanged on average in February after decreasing in each of the preceding five months. For the February 1997-98 period, prices for nonagricultural exports were down 1.4 percent. The index for nonagricultural industrial supplies and materials fell for the seventh consecutive month in February, dipping 0.1 percent after falling 1.1 percent in January. For the year ended in February, the index decreased 2.7 percent. In contrast, the indexes for all the major finished goods categories posted no change in February. The indexes for capital goods and consumer goods were unchanged last month after each fell 0.2 percent in January. Export prices for automotive vehicles, parts, and engines posted no change, on average,in each of the past three months. Imports by Locality of Origin Prices for imports from the Asian Newly Industrialized Countries continued to decline in February, down 0.2 percent. (See table 7.) The February decline,however, was less than the 1.1 percent monthly average decrease over the preceding three months. For the year ended in February, the index decreased 5.9 percent. Prices of goods imported from Japan also fell 0.2 percent last month, continuing a two-year downward slide. The drop followed larger decreases of 1.1 percent and 0.7 percent in January and December, respectively. For the February 1997-98 period, the index decreased 5.1 percent. The price index for imports from Canada fell 0.7 percent in February, following declines in each of the preceding three months. Over the past 12 months, the index was down 3.6 percent. Prices for imports from the European Union also continued a recent downturn, falling 0.3 percent last month after decreasing 0.5 percent in January. The index decreased 2.1 percent over the February 1997-98 period. Prices for goods imported from Latin America decreased 1.1 percent in February after falling 2.5 percent in January. This index was first published last month. CONTENTS OF RELEASE This news release includes the following tables: Table 1 Import Price Indexes, by End Use.....page 4 Table 2 Export Price Indexes, by End Use.....page 5 Table 3 Import Price Indexes, by SITC.....pages 6-7 Table 4 Export Price Indexes, by SITC.....pages 8-9 Table 5 Import Price Indexes, by Harmonized System.....pages 10-11 Table 6 Export Price Indexes, by Harmonized System.....pages 12-13 Table 7 Import Price Indexes, by Locality of Origin.....page 14 Table 8 U.S. Import and Export Price Indexes for Services.....page 15 Table 9 U.S. International Price Indexes for Services.....page 16 ------------------------------------------------------------------Import and Export Price Index data for March 1998 are scheduled for release on April 15, 1998 at 10:00 a.m. (EDT). Table 1 END USE U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, February 1997-February 1995=100, unless otherwise noted Index Percent Change Relative ImportAnnual Monthly ance Feb. Oct. Nov. Description 1997 1997 1997 January January February to to to 1998 1998 1998 Feb. Nov. Dec. 1/ 2/ 1998 1997 1997 ALL COMMODITIES ALL IMPORTS EXCLUDING PETROLEUM 0 00 01 1 1998 Dec. 1997 to Jan. 1998 Jan. 1998 to Feb. 1998 100.000 92.513 95.4 95.3 94.6 95.0 -6.1 -3.3 -0.4 -0.2 -1.0 -0.4 -1.2 -0.6 -0.8 -0.3 4.797 97.6 96.9 -1.6 -0.9 0.2 -0.5 -0.7 Agricultural foods, feeds & beverages, excluding distilled beverages 3.406 95.2 93.8 -4.1 -1.1 0.5 -0.5 -1.5 Nonagricultural foods (fish, distilled beverages) 1.391 104.0 105.0 4.9 0.0 -1.0 -0.1 1.0 26.087 94.8 92.5 -14.1 -0.7 -3.0 -4.0 -2.4 18.599 95.5 95.0 -4.7 0.6 -1.4 -1.6 -0.5 9.788 96.2 95.8 -2.9 -0.4 -0.6 -1.5 -0.4 8.812 94.7 94.0 -6.6 1.8 -2.2 -1.8 -0.7 FOODS, FEEDS, & BEVERAGES INDUSTRIAL SUPPLIES & MATERIALS INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM INDUSTRIAL SUPPLIES & MATERIALS, DURABLE INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 10 Fuels & lubricants 100 Petroleum & petroleum products 10000 Crude 8.734 94.9 88.7 -30.8 -1.5 -7.2 -8.3 -6.5 7.488 91.5 84.7 -32.0 -3.5 -6.7 -9.0 -7.4 5.816 89.5 81.8 -34.7 -4.0 -8.2 -9.2 -8.6 11 Paper & paper base stocks 1.818 81.5 80.6 2.0 0.8 -1.3 -2.2 -1.1 12 Materials associated with nondurable supplies & materials 5.955 92.7 92.3 -4.6 -0.3 -0.5 -1.2 -0.4 13 Selected building materials 2.102 105.0 104.6 -8.2 0.7 -0.6 -2.4 -0.4 14 Unfinished metals associated with durable goods 4.525 93.9 93.8 0.2 -1.0 -0.9 -1.7 -0.1 Finished metals associated with durable goods 1.461 95.1 94.6 -3.2 -0.6 0.2 -1.3 -0.5 Nonmetals associated with durable goods 1.492 93.8 93.0 -4.4 0.0 0.0 -0.4 -0.9 28.348 88.2 87.6 -6.7 -0.4 -0.6 -0.8 -0.7 3.377 95.5 95.8 -2.6 -0.2 -0.6 -0.5 0.3 23.232 85.6 84.9 -7.8 -0.5 -0.6 -1.0 -0.8 15 16 2 CAPITAL GOODS 20 Electric & electrical generating equipment 21 Nonelectrical machinery 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 18.238 101.3 101.7 1.0 0.0 -0.1 0.0 0.4 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 22.531 99.0 99.2 -1.0 -0.2 0.1 -0.2 0.2 40 Nondurables, manufactured 11.164 101.0 100.9 0.3 -0.3 0.2 0.0 -0.1 41 Durables, manufactured 10.265 97.0 96.7 -2.3 -0.2 0.2 -0.3 -0.3 42 Nonmanufactured consumer goods 1.102 98.9 105.8 -2.2 -1.3 -0.7 -0.5 7.0 1 2 Relative importance figures are based on 1995 trade values. Data for November and December 1997 and January 1998 have been revised to reflect the availability of late reports and corrections by respondents. n.a. Not available All data are subject to revision in each of the three months after original publication. NOTE: Table 2 END USE Published categories may include price data not shown separately U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, February 1997-February 1995=100, unless otherwise noted Index Percent Change Relative ImportAnnual Monthly ance Feb. Oct. Nov. Description 1997 1997 1997 January January February to to to 1998 1998 1998 Feb. Nov. Dec. 1/ 2/ 1998 1997 1997 ALL COMMODITIES AGRICULTURAL COMMODITIES NONAGRICULTURAL COMMODITIES 0 00 01 1 10 1998 Dec. 1997 to Jan. 1998 Jan. 1998 to Feb. 1998 100.000 10.189 89.811 97.5 95.6 97.7 97.3 94.2 97.7 -2.3 -9.0 -1.4 0.0 0.7 -0.1 -0.4 -0.8 -0.4 -0.7 -2.7 -0.4 -0.2 -1.5 0.0 9.205 96.9 95.0 -8.9 0.4 -0.9 -2.4 -2.0 Agricultural foods, feeds & beverages, excluding distilled beverages 8.477 97.6 96.1 -9.0 0.6 -0.7 -2.4 -1.5 Nonagricultural foods (fish, distilled beverages) 0.728 90.9 83.8 -8.3 -2.3 -1.7 -3.4 -7.8 25.008 92.5 92.3 -3.1 -0.3 -0.8 -1.3 -0.2 9.652 92.6 92.8 -3.8 -0.5 -1.2 -0.6 0.2 15.355 92.4 92.0 -2.7 0.0 -0.6 -1.8 -0.4 1.712 88.3 87.1 -9.1 1.0 -1.4 -4.7 -1.4 23.296 92.8 92.7 -2.7 -0.3 -0.8 -1.1 -0.1 2.396 107.2 106.2 -4.7 -0.5 -0.5 -2.7 -0.9 19.401 90.6 90.5 -2.0 -0.1 -1.0 -0.9 -0.1 FOODS, FEEDS, & BEVERAGES INDUSTRIAL SUPPLIES & MATERIALS INDUSTRIAL SUPPLIES & MATERIALS, DURABLE INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE Agricultural industrial supplies & materials NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 11 Fuels & lubricants 12 Nonagricultural supplies & materials excluding fuels & building materials 13 Selected building materials 2 CAPITAL GOODS 20 Electric & electrical generating Equipment 21 Nonelectrical machinery 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 1.499 89.3 89.1 -9.6 -2.1 0.0 0.0 -0.2 44.048 98.8 98.8 -1.6 0.0 -0.3 -0.2 0.0 4.471 101.9 101.3 1.0 0.3 0.1 -0.4 -0.6 34.115 95.8 95.9 -2.5 -0.1 -0.4 -0.2 0.1 9.778 102.3 102.3 0.6 0.1 0.0 0.0 0.0 11.961 102.5 102.5 0.5 0.0 0.1 -0.2 0.0 40 Nondurables, manufactured 6.303 102.1 102.2 0.6 -0.1 0.1 0.0 0.1 41 Durables, manufactured 5.082 101.7 101.6 -0.1 -0.1 -0.1 -0.3 -0.1 1 2 Relative importance figures are based on 1995 trade values. Data for November and December 1997 and January 1998 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Table 3 SITC Rev. 3 Not available Published categories may include price data not shown separately U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, February 1997-February 1998 1995=100, unless otherwise noted Index Percent Change Relative ImportAnnual Monthly ance Feb. Oct. Nov. Dec. Description 1997 1997 1997 1997 January January February to to to to 1998 1998 1998 Feb. Nov. Dec. Jan. 1/ 2/ 1998 1997 1997 1998 ALL COMMODITIES 0 01 n.a. FOOD AND LIVE ANIMALS Meat and meat preparations Jan. 1998 to Feb. 1998 100.000 95.4 94.6 -6.1 -0.4 -1.0 -1.2 -0.8 4.125 0.356 99.2 101.3 97.7 101.3 0.5 3.5 -1.0 0.0 0.2 1.5 -0.4 -2.8 -1.5 0.0 03 05 07 1 11 2 23 24 25 28 29 3 33 34 5 51 52 53 54 55 57 58 59 6 62 63 64 Fish, crustaceans, aquatic invertebrates and preparations thereof Vegetables, fruit and nuts, fresh or dried Coffee, tea, cocoa, spices and manufactures thereof 3/ Other food and live animals (9612=100) BEVERAGES AND TOBACCO Beverages CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS Crude rubber (including synthetic and reclaimed) Cork and wood Pulp and waste paper Metalliferous ores and metal scrap Crude animal and vegetable materials, n.e.s. (9612=100) 3/ Other crude materials, inedible, except fuels (9612=100) MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS Petroleum, petroleum products and related materials Gas, natural and manufactured CHEMICALS AND RELATED PRODUCTS, N.E.S. Organic chemicals Inorganic chemicals Dyeing, tanning and coloring materials Medicinal and pharmaceutical products Essential oils; polishing and cleansing preps Plastics in primary forms Plastics in nonprimary forms Chemical materials and products, n.e.s. MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL Rubber manufactures, n.e.s. Cork and wood manufactures other than furniture Paper, paperboard, and articles of paper pulp, paper or paper board 1.063 105.4 106.6 6.5 -0.1 -1.6 -0.2 1.1 1.107 102.9 94.3 -9.4 0.7 -1.3 0.4 -8.4 0.672 0.927 93.9 96.2 96.8 96.0 12.8 -3.0 -6.4 -0.8 6.8 -0.9 2.0 -2.0 3.1 -0.2 0.874 0.734 109.0 105.4 109.5 105.9 2.6 2.8 0.5 0.7 0.2 0.1 0.4 0.2 0.5 0.5 2.899 91.7 95.7 -6.3 -0.8 -0.5 -1.9 4.4 0.222 1.024 0.388 0.628 65.3 109.7 68.3 100.3 70.4 110.0 64.6 100.0 -20.1 -12.3 -1.7 -2.5 -1.7 0.8 0.3 -1.2 -2.9 -0.8 -0.7 -0.2 -5.5 -3.0 -0.6 -2.0 7.8 0.3 -5.4 -0.3 0.287 108.6 158.2 6.7 -7.4 2.1 1.5 45.7 0.350 95.2 94.6 -1.0 -0.4 -0.1 -0.9 -0.6 8.417 94.5 88.1 -31.2 -1.1 -7.4 -8.7 -6.8 7.083 1.207 90.8 127.6 83.9 124.2 -32.2 -27.2 -3.3 13.4 -7.0 -10.9 -9.5 -4.3 -7.6 -2.7 5.583 1.593 0.650 0.290 0.931 94.1 94.0 93.0 95.3 96.4 93.9 92.9 93.0 94.7 95.6 -4.1 -6.4 -9.4 -2.8 -1.0 -0.4 0.0 -0.7 2.2 0.0 0.0 0.0 -1.7 0.7 0.6 -1.2 -1.4 -4.4 -1.8 -0.4 -0.2 -1.2 0.0 -0.6 -0.8 0.324 0.377 0.535 0.668 96.2 92.4 82.4 102.8 96.3 96.5 82.4 102.3 -2.4 4.4 -3.9 -2.3 -0.8 -1.2 -3.5 0.0 0.9 0.4 -0.1 0.3 -1.3 0.4 -0.5 -0.3 0.1 4.4 0.0 -0.5 12.668 0.732 95.1 95.2 94.7 95.2 -0.7 -2.8 -0.1 0.1 -0.6 0.1 -0.9 -0.3 -0.4 0.0 0.561 97.3 94.4 -6.1 1.0 -1.8 -1.8 -3.0 1.610 86.7 86.7 3.5 1.0 -1.3 -2.0 0.0 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product Nonmetallic mineral manufactures, n.e.s. Iron and steel Nonferrous metals Manufactures of metals, n.e.s. 66 67 68 69 7 71 72 73 74 75 76 77 78 8 81 82 83 84 85 87 88 89 1 2 1.432 98.9 97.6 -2.8 0.2 -1.0 -0.3 -1.3 2.164 2.080 1.914 2.008 101.3 95.9 90.5 97.9 100.7 95.9 90.4 97.5 -2.8 -0.1 3.1 -2.4 0.0 0.1 -2.0 -0.2 -0.5 0.0 -1.4 0.2 -0.4 -0.4 -1.7 -0.6 -0.6 0.0 -0.1 -0.4 MACHINERY AND TRANSPORT EQUIPMENT Power generating machinery and equipment (9612=100) Machinery specialized for particular industries Metalworking machinery General industrial machinery and equipment, n.e.s. and machine parts, n.e.s Computer equipment and office machines Telecommunications & sound recording & reproducing apparatus & equipment Electrical machinery and equipment Road vehicles 47.217 93.6 93.2 -3.7 -0.2 -0.3 -0.4 -0.4 3.072 99.8 99.7 -0.1 0.4 -0.4 0.8 -0.1 2.742 0.844 98.8 98.3 98.1 97.6 -2.5 -2.6 0.4 0.4 0.1 0.4 -0.3 -0.4 -0.7 -0.7 3.476 6.950 97.0 75.3 96.4 74.3 -3.2 -13.2 -0.1 -0.5 0.0 0.1 -0.3 -2.0 -0.6 -1.3 4.595 9.483 14.984 91.4 86.1 101.4 91.3 86.0 101.4 -3.6 -4.7 0.8 -0.4 -1.0 0.0 -0.2 -1.4 -0.1 -0.3 -0.5 -0.1 -0.1 -0.1 0.0 MISCELLANEOUS MANUFACTURED ARTICLES Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s. Furniture and parts thereof Travel goods, handbags and similar containers Articles of apparel and clothing accessories Footwear Professional, scientific and controlling instruments and apparatus, n.e.s. Photographic apparatus, equipment and supplies and optical goods, n.e.s.; Miscellaneous manufactured articles, n.e.s. 17.792 99.6 99.5 -0.8 -0.2 0.0 -0.1 -0.1 0.393 1.297 96.0 103.3 95.4 103.1 -3.3 1.2 0.2 0.1 0.2 0.0 -0.3 0.2 -0.6 -0.2 0.516 101.2 100.7 -0.4 -0.3 -0.4 0.9 -0.5 5.987 1.815 103.0 101.2 102.8 101.1 1.3 -0.6 -0.3 0.0 0.0 0.2 0.2 0.0 -0.2 -0.1 1.607 95.7 96.5 -2.2 0.1 -0.1 -0.6 0.8 1.349 92.3 92.2 -4.0 -0.9 0.5 -0.9 -0.1 4.828 97.9 97.4 -2.7 -0.3 0.0 -0.3 -0.5 Relative importance figures are based on 1995 trade values. Data for November and December 1997 and January 1998 have been revised to reflect the availability of late reports and corrections by respondents. n.a. Not available. 3 All data are subject to revision in each of the three months after original publication. Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Table 4 SITC Rev. 3 Published categories may include price data not shown separately U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, February 1997-February 1998 1995=100, unless otherwise noted Index Percent Change Relative ImportAnnual Monthly ance Feb. Oct. Nov. Dec. Description 1997 1997 1997 1997 January January February to to to to 1998 1998 1998 Feb. Nov. Dec. Jan. 1/ 2/ 1998 1997 1997 1998 ALL COMMODITIES 0 01 03 04 05 08 09 FOOD AND LIVE ANIMALS Meat and meat preparations Fish, crustaceans, aquatic invertebrates and preparations thereof Cereals and cereal preparations Vegetables, fruit and nuts, fresh or dried Feeding stuff for animals (not including unmilled cereals) Miscellaneous edible products and preparations 3/ Other food and live animals (9612=100) Jan. 1998 to Feb. 1998 100.000 97.5 97.3 -2.3 0.0 -0.4 -0.7 -0.2 7.441 1.100 94.9 91.3 92.4 90.8 -9.7 -3.9 -0.9 0.9 -0.9 -1.6 -1.9 -3.5 -2.6 -0.5 0.549 2.655 89.6 88.9 80.7 91.5 -10.5 -11.0 -3.4 1.5 -2.5 -0.5 -3.8 -5.8 -9.9 2.9 1.430 99.8 88.2 -13.4 -4.9 -1.5 8.5 -11.6 0.762 107.9 104.9 -14.6 -1.5 -1.0 -4.9 -2.8 0.393 0.551 104.9 102.8 104.8 98.3 1.4 -3.5 0.6 -3.5 0.3 0.8 0.0 1.5 -0.1 -4.4 1 12 BEVERAGES AND TOBACCO Tobacco and tobacco manufactures 1.503 1.236 100.0 99.7 100.2 99.9 -0.2 -0.5 0.1 0.0 -0.3 -0.4 -0.6 -0.7 0.2 0.2 2 21 22 24 25 26 27 28 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS Hides, skins and furskins, raw Oil seeds and oleaginous fruits Cork and wood Pulp and waste paper Textile fibers and their waste Crude fertilizers and crude minerals Metalliferous ores and metal scrap 5.537 0.266 1.215 0.903 0.746 0.783 0.336 0.855 84.8 80.9 110.8 86.0 64.2 78.2 97.5 82.1 85.3 83.3 113.1 86.0 65.4 78.0 97.2 81.4 -7.5 -27.4 -10.7 -12.5 10.1 -6.3 -0.4 -8.3 0.2 2.0 9.1 -3.2 -1.6 -2.6 -0.1 -4.6 -1.2 -1.0 -1.4 -0.1 -2.2 -1.5 -0.4 -2.3 -3.4 -21.2 -4.9 0.4 -3.9 -2.2 0.1 -2.1 0.6 3.0 2.1 0.0 1.9 -0.3 -0.3 -0.9 3/ Other crude materials, inedible, except fuels (9612=100) 3 32 33 4 5 51 52 53 54 55 56 57 58 59 6 62 63 64 65 66 67 68 69 7 71 72 73 74 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS Coal, coke and briquettes Petroleum, petroleum products and related materials ANIMAL AND VEGETABLE OILS, FATS AND WAXES CHEMICALS AND RELATED PRODUCTS, N.E.S. Organic chemicals Inorganic chemicals Dyeing, tanning and coloring materials Medicinal and pharmaceutical products Essential oils; polishing and cleansing preps Fertilizers (9612=100) Plastics in primary forms Plastics in nonprimary forms Chemical materials and products, n.e.s. MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL Rubber manufactures, n.e.s. Cork and wood manufactures other than furniture Paper, paperboard, and articles of paper pulp, paper or paperboard Textile yarn, fabrics, made-up articles, n.e.s., and related product Nonmetallic mineral manufactures, n.e.s. Iron and steel Nonferrous metals Manufactures of metals, n.e.s. MACHINERY AND TRANSPORT EQUIPMENT Power generating machinery and equipment Machinery specialized for particular industries Metalworking machinery General industrial machinery and equip- 0.433 102.0 100.6 -2.0 1.4 -0.6 0.8 -1.4 2.133 0.692 109.5 101.0 108.7 101.3 -3.2 -0.9 -0.5 -0.4 0.7 -0.5 -2.9 -0.3 -0.7 0.3 1.277 116.1 114.4 -5.8 -1.0 -1.0 -2.4 -1.5 0.494 104.5 101.3 3.8 9.1 -0.3 -1.9 -3.1 10.808 2.497 0.868 0.498 1.240 94.8 82.0 102.6 102.3 101.9 94.5 81.2 102.9 102.3 101.6 -2.0 -5.4 2.9 0.5 0.4 -0.2 -0.1 0.7 0.0 0.1 -0.3 -0.1 0.0 0.0 0.0 -0.1 -1.8 3.4 -0.4 1.0 -0.3 -1.0 0.3 0.0 -0.3 0.749 0.555 1.825 0.841 1.736 101.3 93.8 92.9 100.1 101.9 102.0 92.4 92.5 100.0 101.6 -0.5 -5.7 -3.4 1.6 -1.5 -1.4 -0.7 -0.3 -0.2 -0.4 -0.2 0.2 -0.5 0.2 -1.1 -0.6 -0.4 -0.2 1.4 0.0 0.7 -1.5 -0.4 -0.1 -0.3 9.763 0.667 98.3 101.8 98.6 101.8 1.1 -0.8 0.2 -0.1 -0.3 -0.1 -0.3 -0.2 0.3 0.0 0.291 91.0 91.1 -0.7 -0.4 0.9 -1.0 0.1 1.537 84.7 85.0 2.2 -0.1 -0.1 -0.5 0.4 1.424 103.6 103.5 0.8 -0.3 0.3 0.4 -0.1 1.332 1.103 1.251 2.005 106.7 102.2 89.4 105.5 107.3 102.2 91.1 105.7 3.1 -0.9 -1.4 3.4 0.2 0.4 1.6 -0.1 0.8 -0.4 -2.6 -0.4 -0.4 -1.0 -1.8 1.1 0.6 0.0 1.9 0.2 50.363 99.7 99.6 -0.9 0.1 -0.3 -0.1 -0.1 4.296 106.8 106.8 1.5 0.1 -0.1 0.6 0.0 4.691 0.973 104.6 106.1 105.1 106.2 1.3 2.6 0.0 0.8 0.4 0.2 -0.3 0.5 0.5 0.1 ment, n.e.s. and machine parts, n.e.s Computer equipment and office machines Telecommunications & sound recording & reproducing apparatus & equipment Electrical machinery and equipment Road vehicles 75 76 77 78 8 82 84 87 MISCELLANEOUS MANUFACTURED ARTICLES Furniture and parts thereof Articles of apparel and clothing accessories Professional, scientific and controlling instruments and apparatus, n.e.s. Photographic apparatus, equipment and supplies and optical goods, n.e.s. Miscellaneous manufactured articles, n.e.s. 3/ Other miscellaneous manufactured articles (9612=100) 88 89 1 2 3 Harmonized System 105.6 80.8 105.6 80.5 1.7 -7.4 0.0 -0.4 0.0 -1.3 0.2 -1.0 0.0 -0.4 3.780 11.634 9.102 98.7 94.2 102.0 98.6 93.9 102.0 -1.6 -3.1 0.5 -0.1 0.1 0.1 -0.7 -0.4 0.1 0.0 -0.3 0.0 -0.1 -0.3 0.0 11.248 0.636 101.6 103.9 101.7 104.3 0.2 1.8 0.0 0.0 0.0 0.0 -0.2 0.1 0.1 0.4 1.281 103.6 103.6 2.3 0.0 0.2 0.1 0.0 3.712 103.5 103.7 0.0 0.0 0.2 0.0 0.2 0.936 97.5 97.5 -1.2 0.0 -0.2 -0.5 0.0 4.224 99.9 99.8 -0.2 -0.1 -0.1 -0.3 -0.1 0.459 101.4 102.1 1.4 0.2 0.1 0.0 0.7 Relative importance figures are based on 1995 trade values. Data for November and December 1997 and January 1998 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Table 5 5.037 6.386 n.a. Not available. Published categories may include price data not shown separately U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, February 1997-February 1998 1995=100, unless otherwise noted Index Percent Change Relative ImportAnnual Monthly ance Feb. Oct. Nov. Dec. Description 1997 1997 1997 1997 January January February to to to to 1998 1998 1998 Feb. Nov. Dec. Jan. Jan. 1998 to Feb. 1/ I 02 03 LIVE ANIMALS; ANIMAL PRODUCTS Meat and edible meat offal Fish and crustaceans, molluscs and other aquatic invertebrates 3/ Other live animals and animal products (9612=100) II 07 3/ VEGETABLE PRODUCTS Edible vegetables and certain roots and tubers Edible fruit and nuts; peel of citrus fruit or melons Coffee, tea, mate and spices Other vegetable products 3/ PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO Preparations of vegetables, fruit, nuts, or other parts of plants Beverages, spirits, and vinegar Other prepared foodstuffs (9612=100) 08 09 IV 20 22 V 26 27 MINERAL PRODUCTS Ores, slag and ash Mineral fuels, oils and residuals, bituminous substances and mineral wax VI 28 29 30 32 37 38 3/ VII 39 PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES Inorganic chemicals Organic chemicals Pharmaceutical products Tanning & dyeing extracts; dye & pigments; varnish & paints; putty Photographic or cinematographic goods Miscellaneous chemical products (9612=100) Other products of the chemical or allied industries (9612=100) PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF Plastics and articles thereof 2/ 1998 1997 1997 1998 1998 1.607 0.279 102.3 97.7 102.9 97.5 4.7 4.6 0.0 0.2 -1.8 0.2 -0.3 -2.9 0.6 -0.2 0.942 106.9 107.9 7.1 0.6 -2.0 0.7 0.9 0.386 97.7 97.9 -0.8 -1.6 -2.6 -0.8 0.2 1.626 92.6 92.1 -2.7 -0.5 -0.1 -0.1 -0.5 0.337 122.3 91.6 -7.2 6.3 -0.7 -4.7 -25.1 0.440 0.434 0.415 95.9 87.7 93.8 96.5 87.5 110.6 -9.5 11.3 -4.5 -0.4 -2.8 -3.7 -2.8 3.1 0.1 2.5 1.2 -0.2 0.6 -0.2 17.9 2.103 101.1 101.2 -0.4 0.0 -0.1 -0.7 0.1 0.273 0.762 1.068 89.3 104.1 99.9 88.4 104.6 100.1 -9.1 1.6 0.8 -2.1 1.2 -0.4 1.6 0.0 -0.5 0.3 0.0 -1.5 -1.0 0.5 0.2 9.070 0.298 95.2 101.7 89.2 101.6 -29.8 2.3 -0.8 -0.1 -7.3 0.0 -8.0 -0.7 -6.3 -0.1 8.536 94.7 88.4 -31.2 -0.9 -7.6 -8.5 -6.7 5.250 0.828 2.013 0.572 97.2 97.9 94.3 103.1 96.5 97.4 93.6 101.1 -4.4 -7.1 -5.3 -0.5 -0.2 -0.9 -0.3 0.2 0.1 -1.5 0.1 1.1 -1.3 -4.0 -1.3 -0.4 -0.7 -0.5 -0.7 -1.9 0.288 0.357 93.7 96.9 92.9 96.6 -3.3 -1.3 1.3 0.0 0.8 -0.1 -2.1 -1.2 -0.9 -0.3 0.426 98.5 97.8 -2.1 0.0 0.7 0.0 -0.7 0.765 95.9 96.2 -4.2 0.0 0.7 0.0 0.3 2.796 1.754 90.0 93.6 90.6 93.8 -3.4 -0.5 -0.9 -1.1 -0.2 0.1 -0.4 0.0 0.7 0.2 40 Rubber and articles thereof VIII IX 48 49 XI 61 62 63 3/ 69 70 XIV XV 72 73 -7.8 -0.5 -0.8 -0.9 1.2 1.026 103.1 102.6 -1.2 -0.3 -0.4 0.5 -0.5 0.825 101.2 100.7 -0.6 -0.5 -0.3 0.5 -0.5 1.626 103.3 102.8 -10.3 0.9 -0.8 -2.8 -0.5 2.377 84.0 83.2 1.0 0.7 -1.0 -1.4 -1.0 0.389 69.0 65.2 -2.1 0.0 -0.4 -0.7 -5.5 1.630 0.358 87.6 99.3 87.7 98.9 2.8 -3.6 1.0 0.3 -1.4 0.3 -1.8 -1.1 0.1 -0.4 7.063 101.7 101.2 0.5 -0.2 -0.2 0.1 -0.5 2.090 101.9 101.8 1.2 0.0 0.0 0.4 -0.1 3.407 104.0 103.6 1.5 -0.5 0.1 0.2 -0.4 0.339 94.4 93.9 -4.0 0.0 -3.9 -0.3 -0.5 1.228 100.1 98.7 -1.8 0.1 -0.2 -0.5 -1.4 2.122 101.4 101.2 -0.4 0.1 0.1 0.0 -0.2 1.827 101.0 100.9 -0.7 0.1 0.1 0.0 -0.1 0.295 101.5 101.5 1.5 0.2 -0.1 -0.6 0.0 STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. Ceramic products Glass and glassware 1.161 0.442 0.447 101.6 99.1 100.9 100.8 97.7 100.8 -3.4 -4.3 -4.9 0.0 -0.4 0.2 -0.3 0.2 -1.1 -0.2 0.0 -0.2 -0.8 -1.4 -0.1 PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 2.185 95.9 97.0 0.5 0.1 -1.5 -0.7 1.1 BASE METALS AND ARTICLES OF BASE METAL Iron and steel Articles of iron or steel 5.865 1.789 1.307 92.8 95.1 96.4 92.3 95.0 96.1 -2.6 0.3 -3.2 -1.2 0.2 -0.3 -0.1 0.0 0.2 -1.4 -0.2 -0.6 -0.5 -0.1 -0.3 WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF Pulp wood or other fibrous cellulosic material; waste paper/paperboard Paper and paperboard; articles of paper pulp, paper or paperboard Printed matter 47 XIII 85.8 WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER X 64 84.8 RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC Articles of leather; travel goods, bags, etc. of various materials 42 XII 1.042 TEXTILE AND TEXTILE ARTICLES Articles of apparel and clothing accessories, knitted or crocheted Articles of apparel and clothing accessories, not knitted or crocheted Made-up or worn textile articles and clothing; needlecraft sets; rags Other textile & textile articles (9612=100) FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. Footwear, gaiters and the like; parts of such articles 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 74 76 83 3/ XVI Copper and articles thereof Aluminum and articles thereof Miscellaneous articles of base metal Miscellaneous nonferrous metals and articles, including scrap (9612=100) MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. Specialized machinery & computer equipment Electrical machinery and equip, sound and TV recorders & reproducers, parts 84 85 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT Motor vehicles and their parts 87 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES Optical, photographic, measuring and medical instruments Clocks and watches and parts thereof 90 91 XX 94 MISCELLANEOUS MANUFACTURED ARTICLES Furniture; stuffed furnishings; lamps and lighting fittings nes; Toys, games and sports equipment; parts and accessories thereof Miscellaneous manufactured articles 95 96 1 2 3 0.410 0.980 0.418 74.2 91.6 100.8 73.2 90.2 100.9 -13.0 -3.4 -1.7 -0.9 0.2 -0.3 -2.8 0.4 0.9 -3.6 -2.4 -1.8 -1.3 -1.5 0.1 0.510 99.5 98.4 -2.4 -10.4 -1.5 -4.2 -1.1 30.264 87.7 87.2 -6.9 -0.4 -0.7 -0.9 -0.6 15.829 88.5 87.7 -8.6 0.0 -0.2 -1.2 -0.9 14.435 86.9 86.7 -5.0 -1.0 -1.0 -0.5 -0.2 16.226 15.323 101.4 101.1 101.4 101.1 0.5 0.5 0.1 0.0 -0.2 -0.1 -0.1 -0.2 0.0 0.0 3.596 93.2 93.5 -2.7 -0.4 0.4 -0.5 0.3 3.071 0.382 93.1 93.7 93.4 94.1 -2.7 -2.6 -0.1 -3.1 0.2 2.6 -0.5 -0.3 0.3 0.4 3.789 99.6 99.4 -0.6 0.0 0.0 -0.2 -0.2 1.636 100.3 100.1 0.1 0.1 0.0 0.0 -0.2 1.863 0.290 100.1 93.4 99.9 93.1 -1.0 -1.2 0.0 -0.3 0.0 0.4 -0.2 -0.7 -0.2 -0.3 Relative importance figures are based on 1995 trade values. Data for November and December 1997 and January 1998 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately n.a. Not available Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, February 1997-February 1998 1995=100, unless otherwise noted Index Percent Change Relative ImportAnnual Monthly ance Feb. Oct. Nov. Dec. Description 1997 1997 1997 1997 January January February to to to to 1998 1998 1998 Feb. Nov. Dec. Jan. 1/ 2/ 1998 1997 1997 1998 Harmonized System I 02 03 LIVE ANIMALS; ANIMAL PRODUCTS Meat & edible meat offal Fish and crustaceans, molluscs and other aquatic invertebrates 3/ Other live animals and animal products (9612=100) Jan. 1998 to Feb. 1998 1.859 1.010 92.2 88.1 88.5 88.2 -7.1 -4.6 -0.5 0.6 -0.9 -1.7 -3.4 -4.1 -4.0 0.1 0.488 87.5 76.8 -12.8 -2.4 -0.9 -4.9 -12.2 0.361 98.3 93.6 -6.9 -0.9 1.5 1.1 -4.8 VEGETABLE PRODUCTS Edible vegetables and certain roots and tubers Edible fruit and nuts; peel of citrus fruit or melons Cereals Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 5.203 96.4 95.7 -10.1 1.5 -0.7 -2.5 -0.7 0.403 126.5 87.9 -8.0 10.5 -8.0 31.1 -30.5 0.689 2.431 93.2 87.7 90.4 90.5 -10.6 -11.6 -12.4 1.6 5.5 -0.5 -0.5 -6.2 -3.0 3.2 1.419 112.6 114.4 -8.6 8.2 -1.8 -3.8 1.6 III ANIMAL OR VEGETABLE FATS AND OILS 0.540 106.1 103.0 5.5 9.2 0.5 -1.9 -2.9 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO Preparations of vegetables, fruit, nuts, or other parts of plants Miscellaneous edible preparations Beverages, spirits, and vinegar Residues and waste from the food industries; prepared animal feed Tobacco and manufactured tobacco substitutes Other prepared foods 3.464 100.4 99.6 -5.5 -0.8 -0.2 -1.0 -0.8 0.333 0.366 0.333 92.6 105.9 99.6 91.7 105.9 99.6 -16.6 1.7 -0.1 -2.4 -0.6 0.2 1.1 0.3 -0.2 2.4 0.0 0.0 -1.0 0.0 0.0 0.678 103.6 99.6 -18.2 -2.0 -0.9 -4.9 -3.9 1.244 0.510 99.8 101.9 100.0 101.9 -0.4 1.6 0.0 -0.3 -0.4 0.0 -0.6 -0.2 0.2 0.0 2.721 106.2 105.1 -4.8 -1.7 -0.2 -2.1 -1.0 2.187 110.5 109.6 -4.4 -0.8 0.3 -2.6 -0.8 II 07 08 10 12 20 21 22 23 24 3/ V 27 MINERAL PRODUCTS Mineral fuels, oils and residuals, bituminous substances and mineral wax VI 28 29 30 31 32 33 34 37 38 VII 39 40 VIII 41 IX X 47 48 49 XI 52 XIII 70 XIV PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES Inorganic chemicals Organic chemicals Pharmaceutical products Fertilizers (9612=100) Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink Essential oils and resinoids; perfumery, cosmetic or toilet Soap; lubricants; waxes, polishing or scouring products; candles, pastes Photographic or cinematographic goods Miscellaneous chemical products 8.757 0.934 2.796 0.911 0.617 95.3 101.7 85.0 103.2 93.8 95.0 101.8 84.2 103.2 92.4 -2.6 -0.3 -5.7 2.2 -5.7 0.0 0.9 0.0 0.1 -0.7 -0.4 -0.2 -0.1 0.0 0.2 -0.6 -0.4 -2.1 2.8 -0.4 -0.3 0.1 -0.9 0.0 -1.5 0.507 101.9 102.0 0.5 0.0 -0.1 -0.4 0.1 0.527 102.0 103.4 0.6 -0.8 -0.3 -1.0 1.4 0.319 0.424 1.499 104.1 93.6 100.4 103.1 93.5 100.4 1.7 -3.8 -2.5 0.1 0.1 -0.4 0.0 -0.4 -1.5 1.0 -1.3 -0.6 -1.0 -0.1 0.0 4.334 3.438 0.896 96.3 95.8 98.2 96.1 95.6 98.2 -1.6 -1.2 -2.8 -0.1 -0.1 -0.3 -0.2 -0.2 -0.1 0.1 0.1 0.0 -0.2 -0.2 0.0 0.507 86.4 86.4 -18.0 1.1 -0.5 -11.7 0.0 0.356 81.4 81.4 -19.5 1.7 -0.7 -15.9 0.0 1.218 87.8 87.7 -10.0 -2.4 0.1 0.1 -0.1 3.006 78.7 78.9 4.2 -0.1 -0.5 -1.0 0.3 0.703 62.8 62.5 8.5 -0.7 -2.0 -3.5 -0.5 1.506 0.798 85.4 106.7 85.8 107.3 3.2 2.8 0.1 0.0 0.0 0.3 -0.2 -0.3 0.5 0.6 3.240 92.9 92.8 -0.4 -0.7 -0.1 -0.4 -0.1 0.675 78.1 77.5 -7.8 -3.0 -1.4 -2.0 -0.8 STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. Glass and glassware 0.852 0.492 103.0 101.7 104.0 101.9 0.7 0.7 -0.2 -0.2 -0.1 0.1 0.4 0.4 1.0 0.2 PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.816 93.1 95.2 -2.2 0.3 -3.1 -1.9 2.3 PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF Plastics and articles thereof Rubber and articles thereof RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. Raw hides and skins (other than furskins) and leather WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF Pulp wood or other fibrous cellulosic material; waste paper/paperboard Paper and paperboard; articles of paper pulp, paper or paperboard Printed material TEXTILE AND TEXTILE ARTICLES Cotton, including yarns and woven fabrics thereof XV 72 73 74 76 82 BASE METALS AND ARTICLES OF BASE METALS Iron and steel Articles of iron or steel Copper and articles thereof Aluminum and articles thereof Tools, implements, cutlery, spoons and forks, of base metal; parts thereof Miscellaneous articles of base metal 83 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC Specialized machinery & computer equipment Electrical machinery and equip, sound & tv recorders & reproducers, parts 84 85 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT Motor vehicles and their parts 87 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES XX 94 MISCELLANEOUS MANUFACTURED ARTICLES Furniture; stuffed furnishings; lamps and lighting fittings nesoi; Toys, games and sports equipment; parts and accessories thereof 95 1 2 3 4.563 0.945 1.285 0.369 0.878 94.5 90.5 109.8 70.3 88.1 94.6 90.0 109.9 69.4 88.9 -1.0 -4.1 6.7 -19.0 -0.4 0.2 -0.1 -0.2 -0.4 1.9 -1.1 -1.2 -0.4 -4.1 -1.4 -0.5 -1.4 1.7 -5.4 -1.3 0.1 -0.6 0.1 -1.3 0.9 0.417 0.374 104.1 100.0 103.6 100.4 -0.3 0.9 -0.1 0.2 0.2 -1.4 0.7 -0.1 -0.5 0.4 36.734 95.8 95.7 -2.4 -0.1 -0.4 -0.3 -0.1 20.386 96.5 96.5 -2.0 -0.1 -0.3 -0.4 0.0 16.348 94.9 94.7 -2.9 0.1 -0.5 -0.3 -0.2 13.776 9.531 105.0 102.1 105.0 102.1 1.4 0.5 0.2 0.1 0.0 0.1 0.1 0.0 0.0 0.0 5.408 102.3 102.5 -0.1 -0.1 0.2 0.1 0.2 1.784 102.4 102.6 1.0 0.2 0.0 0.0 0.2 0.875 103.9 104.5 1.7 0.3 -0.1 0.1 0.6 0.735 101.0 100.7 0.2 0.1 0.0 0.0 -0.3 Relative importance figures are based on 1995 trade values. Data for November and December 1997 and January 1998 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately n.a. Not available Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin, February 1997-February 1998 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports Feb. Oct. Nov. Dec. Description 1/ 1997 1997 1997 1997 1995 Jan. Feb. to to to to 1998 1998 Feb. Nov. Dec. Jan. 2/ 1998 1997 1997 1998 Jan. 1998 to Feb. 1998 3/ Developed Countries Manufactured Goods Nonmanufactured Goods 55.6 52.2 3.1 96.1 96.1 99.9 95.7 96.0 95.4 -3.7 -2.1 -23.9 0.1 0.1 0.2 -0.4 -0.1 -5.1 -0.9 -0.7 -4.1 -0.4 -0.1 -4.5 3/ Developing Countries Manufactured Goods Nonmanufactured Goods 42.7 35.4 7.1 97.2 96.7 94.4 96.1 96.3 90.3 -7.7 -3.8 -23.8 -1.3 -0.8 -3.5 -1.7 -0.6 -6.2 -1.8 -0.7 -7.2 -1.1 -0.4 -4.3 Canada Manufactured Goods Nonmanufactured Goods 18.9 16.5 2.2 98.0 97.9 102.5 97.3 97.7 98.3 -3.6 -0.2 -22.8 -0.2 -0.2 0.4 -1.1 -0.2 -7.1 -0.4 -0.1 -2.6 -0.7 -0.2 -4.1 4/ European Union Manufactured Goods Nonmanufactured Goods 17.0 16.4 0.5 100.7 100.9 97.1 100.4 100.8 91.8 -2.1 -0.9 -30.3 0.4 0.4 1.2 0.2 0.2 -0.1 -0.5 -0.1 -10.7 -0.3 -0.1 -5.5 5/ Latin America (9712=100) Manufactured Goods (9712=100) Nonmanufactured Goods (9712=100) 14.1 10.4 3.5 97.5 99.0 92.7 96.4 98.2 90.8 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. -2.5 -1.0 -7.3 -1.1 -0.8 -2.0 Japan 16.6 90.0 89.8 -5.1 -0.2 -0.7 -1.1 -0.2 6/ Asian Newly Industrialized Countries 10.9 90.8 90.6 -5.9 -1.2 -0.8 -1.3 -0.2 1 Regions are not mutually exclusive. 2 Data for November and December 1997 and January 1998 have been revised to reflect the availability of late reports and corrections by respondents. 3 Defined according to the Standard Census Definition. 4 Includes EU 15 countries. 5 Includes Mexico, Central America, South America, and the Caribbean. 6 Includes Hong Kong, Singapore, South Korea, and Taiwan. Table 8 U.S. Import and Export Price Indexes and Percent Changes for Selected Categories of Services. December 1996-December 1997 1995 = 100, unless otherwise noted Index Percent Change Description Trade (Mil. of Dollars) Sept. 1997 Dec. 1997 Annual Dec. 1996 to Dec. 1997 Dec. 1996 to March 1997 Quarterly March 1997 to June 1997 June 1997 to Sept. 1997 Sept. 1997 to Dec. 1997 IMPORT Air Freight Atlantic Pacific 3188 1278 1674 88.6 86.4 91.5 86.6 90.2 84.7 -9.4 -8.1 -10.7 -5.8 -7.1 -4.5 0.3 -1.0 1.4 -2.0 -4.3 -0.3 -2.3 4.4 -7.4 1/ 1/ 1/ Air Passenger Fares Atlantic Pacific Latin American / Caribbean 11127 4922 2340 3021 111.5 122.1 100.5 105.9 104.3 100.4 106.2 105.2 4.3 2.0 7.3 1.1 0.5 1.9 -0.9 1.0 12.6 20.8 13.6 1.0 -1.5 0.7 -9.8 -0.2 -6.5 -17.8 5.7 -0.7 1/ Crude Oil Tanker Freight 1346 92.0 n.a. n.a. 5.8 2.2 -9.7 n.a. Ocean Liner Freight U.S. East Coast from Atlantic from Pacific U.S. West Coast from Pacific 9868 4271 1952 1774 5596 5126 95.3 98.3 98.3 97.0 92.4 92.2 93.5 96.7 96.7 94.8 90.6 90.3 -5.2 -4.9 -6.0 -5.6 -5.3 -4.8 -0.6 -1.2 -2.4 -0.2 -0.3 0.1 -0.9 0.1 -0.5 0.6 -1.6 -1.6 -1.9 -2.3 -1.6 -3.8 -1.6 -1.4 -1.9 -1.6 -1.6 -2.3 -1.9 -2.1 2562 96.6 92.4 -7.6 n.a. -0.7 -1.2 -4.3 EXPORT Air Freight (9612 = 100) Air Passenger Fares Atlantic Pacific Latin American / Caribbean Canadian 1/ 1/ 1 17272 4120 10700 1392 1006 100.0 109.5 86.4 107.5 157.5 Detailed data available upon request. 92.1 101.4 78.1 106.5 147.0 n.a. -7.6 -3.2 -12.8 4.8 0.8 -9.9 -5.8 -15.7 0.2 6.3 14.7 11.3 20.7 5.0 1.3 -2.9 -0.2 -5.2 0.6 0.3 -7.9 -7.4 -9.6 -0.9 -6.7 Not available. Table 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. December 1996-December 1997 1995 = 100 Index Percent Change Description Trade (Mil. of Dollars) Sept. 1997 Dec. 1997 Annual Dec. 1996 to Dec. 1997 Dec. 1996 to March 1997 Quarterly March 1997 to June 1997 June 1997 to Sept. 1997 Sept. 1997 to Dec. 1997 Air Freight (Inbound) Atlantic Pacific 5495 1880 3151 88.5 85.6 91.0 86.5 89.6 84.9 -8.9 -7.2 -9.7 -5.8 -7.1 -4.5 0.4 -0.9 1.4 -1.6 -3.7 -0.1 -2.3 4.7 -6.7 Air Freight (Outbound) Atlantic Pacific 5835 2080 3222 99.6 101.1 99.7 98.0 101.1 96.7 -1.2 2.1 -3.5 0.6 0.9 0.1 -0.6 -0.5 -0.3 0.4 1.7 -0.3 -1.6 0.0 -3.0 Air Passenger Fares (U.S. Carrier) Atlantic Pacific Latin American / Caribbean Canadian 30673 8811 15900 4542 1367 109.2 119.0 95.9 110.5 162.2 99.5 97.8 90.2 109.2 154.1 -2.1 -1.8 -5.1 6.1 0.3 -4.4 -2.1 -9.1 3.8 1.4 15.4 21.3 18.2 2.6 3.5 -2.6 0.6 -6.1 0.8 0.6 -8.9 -17.8 -5.9 -1.2 -5.0 1/ 1/ 1/ Air Passenger Fares (Foreign Carrier) Atlantic Pacific Latin American / Caribbean 31694 13572 12570 4224 104.6 111.6 91.0 104.4 99.7 100.5 89.2 104.8 -1.0 0.2 -5.3 1.2 -2.2 -3.2 -2.0 0.9 7.7 13.5 4.4 0.3 -1.4 1.3 -5.6 -0.4 -4.7 -9.9 -2.0 0.4 1/ Crude Oil Tanker Freight (Inbound) 1949 97.8 n.a. n.a. 7.2 0.8 -9.6 n.a. Ocean Liner Freight (Inbound) U.S. East Coast from Atlantic 12253 5410 2647 94.9 97.0 96.0 92.9 95.7 94.8 -5.6 -5.9 -6.5 -0.8 -1.9 -2.0 -0.8 -0.2 -0.7 -2.0 -2.6 -2.7 -2.1 -1.3 -1.3 1/ 1/ 1/ from Pacific U.S. West Coast from Pacific 1 1874 6844 6347 Detailed data available upon request. 95.2 92.8 92.7 93.1 90.2 90.1 n.a. TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are weighted with 1995 trade weights. The merchandise price indexes are published using three classifications: the Harmonized System (HS), the Bureau of Economic Analysis End Use System, and the Standard International Trade Classification (SITC) system, Rev. 3. Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represents transactions between U.S. and foreign residents) and International (which represents all transactions with U.S. importers or exporters, regardless of nationality). Published series use a base year of 1995=100 where possible. Net transaction price data are collected every month for over 20,000 products from over 6,000 companies and secondary sources. Indexes are not seasonally adjusted. More detailed index series and additional information may be obtained from the Division of International Prices, Bureau of Labor Statistics, 2 Massachusetts Avenue N.E., PSB 3955, Washington, DC 20212 or (202) 606-7155. Import Price Indexes -- Products have been classified by the 1995 Harmonized Tariff Schedule of the United States Annotated (TSUSA). Import prices are based on U.S. dollar prices paid by the U.S. importer. The prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) U.S. port transaction prices, depending on the practices of the individual industry. The index for crude petroleum is calculated from data collected by the U.S. Department of Energy. Export Price Indexes -- Products have been classified by the 1995 Harmonized Schedule B classification system of the U.S. Bureau of the Census. The prices used are generally either "free alongside ship" (f.a.s.) factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture. Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for the Import Price Indexes. Prior to January 1993, nonmanufactured goods were defined as SITC 0-4 and manufactured -5.5 -5.5 -5.0 -0.1 0.0 0.3 Not available. 0.5 -1.4 -1.3 -3.7 -1.4 -1.3 -2.2 -2.8 -2.8 goods were defined as SITC 5-8. Beginning with January 1993, the indexes are defined by locality of origin using a nomenclature based upon the Standard Industrial Classification (SIC-based). Nonmanufactured goods are defined as SIC 0-1, and manufactured goods are defined as SIC 2-3. The indexes use 1995 weights and a base of 1995=100. Import, Export, and International Services Indexes -- Indexes are calculated on a quarterly basis. The figures for services indexes will not sum up to the aggregate dollar value because not all categories are shown in the tables. Revenue figures for air passenger indexes exclude frequent flyer tickets and those sold by consolidators. Indexes for crude oil tanker freight are calculated from data collected by the U. S. Department of Energy and the publication of these indexes is lagged one quarter. Revision policy -- Data are revised for the previous three months to reflect the availability of late reports and corrections by respondents. Uses of the Data -- The primary use of the indexes is to deflate trade statistics. For merchandise trade, the End Use classification system is the structure used by the U.S. Department of Commerce in the construction of the foreign trade sector of the National Income and Product Accounts. Indexes published using the Harmonized System and the Standard International Trade Classification, Rev. 3, both international structures, are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Accounts data, while International indexes are more appropriate for market analysis. Merchandise and services indexes also can be used to study U.S. competitiveness and price elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade analysis. The import and export news release contains monthly price indexes at the two-digit level of detail. If you would like to be added to the mailing list for more detailed index and percent change tables, please fill out the form below and mail or fax it to the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212 Phone Number: (202) 606-7155 Fax Number: (202) 606-7179 IPP Order Form Please add my name to the mailing list for the following publications. 1. Monthly News Release ______ 2. Harmonized System Indexes ______ 3. SITC Indexes ______ 4. BEA End-Use Indexes ______ 5. Locality of Origin Indexes ------ 6. Services Indexes ------ Name______________________________________________ Address___________________________________________ ____________________________________ ____________________________________ ____________________________________ Phone Number ( ) ______________________