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News Bureau of Labor Statistics United States Department of Labor Washington, D.C. 20212 Technical Information: (202) 691-7101 Media contact: (202) 691-5902 Internet Address: http://www.bls.gov/mxp USDL-07-0374 Transmission of This Material Is Embargoed Until 8:30 A.M. E.D.T. Wednesday, March 14, 2007 U.S. IMPORT AND EXPORT PRICE INDEXES - FEBRUARY 2007 The U.S. Import Price Index rose 0.2 percent in February, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The increase followed a 0.9 percent decline in January and was led by an upturn in petroleum prices. The price index for exports increased for the fourth consecutive month, advancing 0.7 percent in February. Percent changes in import and export price indexes by End Use category - not seasonally adjusted IMPORTS Month All Imports Petroleum Imports 2006 February March April May June July August September October November December -0.8 -0.1 2.1 1.8 0.1 0.8 0.5 -2.2 -2.5 0.4 r 1.1 -1.0 0.6 11.3 6.4 -1.1 3.6 1.0 -11.0 -10.4 -1.6 r 4.3 r 2007 January February -0.9 r 0.2 -5.3 r 2.0 February 2005-06 February 2006-07 6.9 1.3 38.8 -2.6 EXPORTS Nonpetroleum Imports -0.7 -0.3 0.1 0.7 0.4 0.0 0.5 0.1 -0.6 1.0 0.5 -0.1 r -0.1 1.6 2.1 r = revised to reflect late reports and corrections by respondents. All Exports Agricultural Exports Nonagricultural Exports 0.1 0.2 0.7 0.7 0.7 0.4 0.4 -0.4 -0.3 0.4 0.6 r -0.7 -0.1 -0.4 0.6 2.6 1.9 0.9 -0.5 1.0 4.4 2.3 r 0.2 0.2 0.7 0.7 0.6 0.2 0.5 -0.4 -0.5 0.1 r 0.5 0.4 r 0.7 0.6 r 2.3 0.3 0.6 2.7 4.7 4.6 16.9 2.7 3.7 2 Import Goods Prices for imports increased 0.2 percent in February as a 2.0 percent increase in petroleum prices more than offset a modest decline in nonpetroleum prices. The advance in petroleum prices followed declines in four of the previous five months, and despite the February upturn petroleum prices decreased 2.6 percent over the past year. Nonpetroleum prices recorded a second consecutive 0.1 percent decline in February after rising 0.5 percent and 1.0 percent, respectively, in December and November. The price index for nonpetroleum imports advanced 2.1 percent over the past 12 months while overall import prices advanced 1.3 percent for the same period. Decreases in the price indexes for capital goods and nonpetroleum industrial supplies and materials both contributed to the February decline in nonpetroleum prices. Prices for capital goods fell 0.3 percent, the largest monthly drop for the index since July 2005. The decrease was driven by a 0.9 percent decline in the price index for computers, peripherals, and semiconductors. Led by lower prices for lumber and some metals, nonpetroleum industrial supplies and materials prices edged down 0.1 percent in February. The decrease was tempered by an upturn in natural gas prices. In contrast, automotive vehicles prices and prices for foods, feeds, and beverages increased in February. The price index for automotive vehicles ticked up 0.1 percent, the first change for the index since a 0.2 percent advance in October. Foods, feeds, and beverages prices continued to trend upward, rising 0.2 percent in February. Higher fish prices more than offset declining fruits and vegetables prices. Consumer goods prices were unchanged in February following 0.3 percent increases in each of the previous two months. Export Goods Export prices rose 0.7 percent in February, the largest increase since June 2006, and both agricultural prices and nonagricultural prices contributed to the advance. Agricultural prices increased 2.3 percent for the month and 16.9 percent over the past year. The February advance was primarily led by higher corn and soybeans prices, although rising prices for meat, fish, fruit, and wheat also contributed to the increase. Nonagricultural prices rose 0.6 percent for the month and 3.7 percent for the year ended in February. Overall export prices rose 4.7 percent for the February 2006-2007 period. A 2.1 percent increase for nonagricultural industrial supplies and materials prices was the largest contributor to the rise in nonagricultural prices. The advance was the largest for the index since May 2006 and was driven by higher prices for fuels, metals, and paper. Over the past 12 months, the index rose 9.6 percent. Prices for each of the major finished goods areas recorded little movement in February. Automotive vehicles prices increased a modest 0.1 percent following 0.2 percent advances in each of the previous two months. In contrast, capital goods prices edged down 0.1 percent after increasing 0.2 percent in January. The price index for consumer goods was unchanged in February after a 0.9 percent jump the previous month. 3 Imports by Locality of Origin Import prices from Canada and the European Union each rose 0.2 percent in February. The increase in prices of imports from Canada followed a 1.5 percent decline in January and was led by a fuel-driven 3.4 percent rise in nonmanufactured articles prices, which more than countered a 0.7 percent decline in manufactured articles prices. The index rose 0.3 percent over the past year. The February advance in import prices from the European Union was also impacted by higher fuel prices. Import prices from the European Union rose 4.0 percent for the year ended in February. The price index of imports from Mexico increased 0.6 percent in February and was also led by higher petroleum prices. The February advance follows rises of 0.8 percent in January and 0.2 percent in December. The index increased 5.4 percent over the past 12 months. In contrast, prices of imports from China and from Japan each declined 0.2 percent in February. The decreases were the largest for both indexes since a similar change in October 2006. Import prices from China fell 1.1 percent over the past year, while the price index of imports from Japan declined 0.8 percent for the February 2006-2007 period. Import and Export Services In January, export travel and tourism prices increased 0.4 percent. Higher prices for travelers from Europe, Latin America, and Canada all contributed to the increase. Beginning with this release, monthly price indexes will be published for export travel and tourism. The indexes are published by the country of residence of travelers to the United States and are lagged one month. Import air passenger fares were unchanged in February after declining 2.1 percent the previous month. Export air passenger fares fell 1.8 percent in February. Despite the recent decreases, both indexes rose over the past year, import air passenger fares 7.1 percent and export air passenger fares 3.2 percent. Both import and export air freight prices declined in February, falling 1.1 percent and 1.4 percent, respectively. CONTENTS OF RELEASE This news release includes the following tables: Table 1 U.S. Import Price Indexes, by End Use.....page 4 Table 2 U.S. Export Price Indexes, by End Use.....page 5 Table 3 U.S. Import Price Indexes, by NAICS.....page 6 Table 4 U.S. Export Price Indexes, by NAICS.....page 7 Table 5 U.S. Import Price Indexes, by Harmonized System.....pages 8-9 Table 6 U.S. Export Price Indexes, by Harmonized System.....pages 10-11 Table 7 U.S. Import Price Indexes, by Locality of Origin.....page 12 Table 8 U.S. International Price Indexes for Selected Transportation Services.....page 13 Table 9 U.S. Export Price Indexes for Travel and Tourism Services….page 14 ------------------------------------------------------------------Import and Export Price Index data for March 2007 are scheduled for release on April 12 at 8:30 A.M. (E.D.T.). 4 Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 2000=100, unless otherwise noted Index Relative Importance END USE 0 00 01 1 10 100 10000 101 10110 Description Annual Feb. 2006 to Feb. 2007 Percent Change Oct. 2006 to Nov. 2006 Monthly Nov. 2006 to Dec. 2006 Dec. 2006 to Jan. 2007 Jan. 2007 to Feb. 2007 January 2007 1/ January 2007 February 2007 ALL COMMODITIES.................................................... ALL IMPORTS EXCLUDING PETROLEUM................. ALL IMPORTS EXCLUDING FUELS (Dec. 2001=100).................................................... 100.000 83.783 114.1 105.6 114.3 105.5 1.3 2.1 0.4 1.0 1.1 0.5 -0.9 -0.1 0.2 -0.1 81.459 108.4 108.2 2.5 0.1 0.3 0.3 -0.2 FOODS, FEEDS, & BEVERAGES............................. 4.445 124.4 124.7 6.9 0.4 0.8 1.5 0.2 Agricultural foods, feeds & beverages, excluding distilled beverages......................... 3.379 135.4 135.1 7.7 1.0 1.1 1.3 -0.2 Nonagricultural foods (fish, distilled beverages).... 1.066 99.8 101.5 4.4 -1.1 -0.2 1.9 1.7 INDUSTRIAL SUPPLIES & MATERIALS................... INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM............................... INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING FUELS (Dec. 2001=100).............. INDUSTRIAL SUPPLIES & MATERIALS, DURABLE......................................................... INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM..... 34.124 161.8 163.2 1.5 1.1 2.9 -3.1 0.9 17.907 137.0 136.8 5.6 3.9 1.6 -0.9 -0.1 15.583 145.5 144.8 8.1 0.3 0.5 0.6 -0.5 10.065 139.8 138.7 10.1 0.3 0.7 0.4 -0.8 7.841 132.6 133.5 0.5 8.9 2.7 -2.8 0.7 Fuels & lubricants................................................. Petroleum & petroleum products...................... Crude....................................................... 18.542 16.218 11.351 192.8 196.6 197.1 196.6 200.6 204.6 -3.3 -2.6 -0.5 1.7 -1.6 -2.2 4.8 4.3 4.7 -5.9 -5.3 -5.6 2.0 2.0 3.8 Fuels, n.e.s.-coals & gas.................................. 1.972 165.2 168.9 -14.0 38.6 9.0 -12.1 2.2 Gas-natural............................................... 1.807 161.2 165.3 -14.7 43.2 10.2 -13.2 2.5 11 Paper & paper base stocks.................................. 0.873 111.4 111.1 3.3 0.2 -0.3 -1.3 -0.3 12 Materials associated with nondurable supplies & materials...................................... 4.730 124.3 124.5 4.8 0.7 0.1 1.0 0.2 13 Selected building materials................................... 1.964 111.6 110.8 -6.5 -1.2 -0.2 0.9 -0.7 14 Unfinished metals related to durable goods.......... 4.607 197.8 197.0 25.2 0.7 1.1 1.0 -0.4 15 Finished metals related to durable goods............. 1.751 127.8 124.5 5.0 0.7 1.6 -1.0 -2.6 16 Nonmetals related to durable goods..................... 1.658 101.5 101.5 0.5 0.1 0.0 -0.1 0.0 CAPITAL GOODS...................................................... 22.570 91.4 91.1 0.0 0.1 0.1 -0.1 -0.3 20 Electric generating equipment.............................. 2.724 104.0 104.0 4.0 0.3 0.1 1.0 0.0 21 Nonelectrical machinery....................................... 18.136 87.7 87.3 -0.8 0.0 0.1 -0.2 -0.5 22 Transportation equipment excluding motor vehicles (Dec. 2001=100).................... 1.710 110.1 110.2 3.1 0.2 0.1 0.7 0.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES....... 14.353 104.3 104.4 0.9 0.0 0.0 0.0 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES.................................................. 24.508 101.3 101.3 1.4 0.1 0.3 0.3 0.0 40 Nondurables, manufactured................................. 11.329 104.2 104.1 1.2 0.2 0.3 0.8 -0.1 41 Durables, manufactured....................................... 11.966 98.2 98.3 1.9 0.1 0.2 -0.1 0.1 42 Nonmanufactured consumer goods...................... 1.213 102.1 102.2 0.8 -0.1 0.2 0.2 0.1 2 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 5 Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 2000=100, unless otherwise noted Index Relative Importance END USE Description Percent Change Annual Feb. 2006 to Feb. 2007 Oct. 2006 to Nov. 2006 Monthly Nov. Dec. 2006 2006 to to Dec. Jan. 2006 2007 Jan. 2007 to Feb. 2007 January 2007 1/ January 2007 February 2007 ALL COMMODITIES................................................................. AGRICULTURAL COMMODITIES............................................ NONAGRICULTURAL COMMODITIES.................................... 100.000 8.143 91.857 112.9 138.0 111.1 113.7 141.2 111.8 4.7 16.9 3.7 0.4 4.4 0.1 0.6 2.3 0.5 0.4 0.6 0.3 0.7 2.3 0.6 FOODS, FEEDS, & BEVERAGES......................................... 7.402 138.7 142.6 17.0 4.3 2.1 0.1 2.8 Agricultural foods, feeds & beverages, excluding distilled beverages..................................... 6.723 140.5 144.5 18.8 5.0 2.1 0.1 2.8 Nonagricultural foods (fish, distilled beverages)................ 0.679 124.3 127.0 2.3 -1.7 1.2 0.3 2.2 INDUSTRIAL SUPPLIES & MATERIALS............................... INDUSTRIAL SUPPLIES & MATERIALS, DURABLE..................................................................... INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE.............................................................. 29.193 140.3 143.1 9.6 0.4 1.5 0.4 2.0 11.654 152.7 156.9 17.0 0.8 2.3 1.7 2.8 17.539 133.6 135.7 5.4 0.2 0.9 -0.6 1.6 Agricultural industrial supplies & materials........................ 1.420 128.0 127.6 8.9 2.0 3.3 3.1 -0.3 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS........................................................... 27.773 141.2 144.1 9.6 0.3 1.4 0.2 2.1 11 Fuels & lubricants............................................................. 4.073 177.7 187.0 10.2 1.7 3.3 -4.7 5.2 12 Nonagricultural supplies & materials excluding fuels & building materials........................... 22.579 138.4 140.7 9.8 0.0 1.0 1.2 1.7 Selected building materials............................................... 1.121 111.6 112.0 3.3 0.0 0.8 0.2 0.4 CAPITAL GOODS.................................................................. 40.015 99.0 98.9 0.8 0.1 0.0 0.2 -0.1 20 Electrical generating equipment........................................ 3.751 105.8 105.7 1.6 0.1 0.2 -0.4 -0.1 21 Nonelectrical machinery................................................... 29.077 92.6 92.5 -0.2 -0.1 0.0 0.0 -0.1 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)................................ 7.187 120.3 120.5 4.4 0.5 0.3 1.1 0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 10.709 105.7 105.8 1.5 0.0 0.2 0.2 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES.............................................................. 12.681 104.9 104.9 2.4 0.0 0.1 0.9 0.0 40 Nondurables, manufactured.............................................. 6.010 105.3 105.4 2.8 0.1 0.3 1.2 0.1 41 Durables, manufactured................................................... 5.574 103.5 103.2 1.8 -0.1 -0.1 0.7 -0.3 0 00 01 1 10 13 2 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 6 Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Importance NAICS Description Annual Feb. 2006 to Feb. 2007 Oct. 2006 to Nov. 2006 Monthly Nov. Dec. 2006 2006 to to Dec. Jan. 2006 2007 Jan. 2007 to Feb. 2007 January 2007 1/ January 2007 February 2007 Nonmanufactured Articles...................................................... 15.571 95.5 98.6 -1.1 1.7 4.9 -5.9 3.2 11 111 AGRICULTURE AND LIVESTOCK PRODUCTS........... Agricultural products.................................................. 1.537 1.077 109.9 111.0 111.7 109.8 17.0 19.9 0.2 1.5 2.0 3.9 2.3 3.0 1.6 -1.1 21 212 OIL, GAS, MINERALS AND ORES................................ Minerals and ores (Dec. 2006=100)........................... 14.034 0.415 94.2 101.7 97.4 101.6 -2.7 n.a. 1.8 n.a. 5.1 n.a. -6.6 1.7 3.4 -0.1 Manufactured Articles............................................................ 83.844 103.3 102.9 2.1 0.2 0.5 0.1 -0.4 31 311 312 313 314 315 316 MANUFACTURED GOODS, PART 1............................. Food and kindred products......................................... Beverages and tobacco products............................... Textiles and fabrics.................................................... Textile mill products................................................... Apparel and accessories............................................ Leather and allied products........................................ 10.619 2.449 0.839 0.513 0.811 4.468 1.539 102.1 105.9 102.5 104.3 100.7 100.2 101.2 102.1 106.3 102.6 104.7 100.7 100.0 101.3 1.6 4.3 2.6 4.8 0.6 -0.1 1.3 0.1 0.4 0.0 0.1 -0.1 0.0 0.0 0.1 0.4 0.0 0.2 0.0 0.0 0.1 0.6 1.7 0.4 0.4 0.2 0.3 0.1 0.0 0.4 0.1 0.4 0.0 -0.2 0.1 32 321 322 324 325 326 327 MANUFACTURED GOODS, PART 2............................. Wood products........................................................... Paper......................................................................... Petroleum and coal products...................................... Chemicals.................................................................. Plastics and rubber products...................................... Nonmetallic mineral products..................................... 17.702 1.258 1.414 3.953 8.067 1.757 1.141 102.5 90.9 103.9 95.4 107.7 103.3 104.3 101.4 89.4 103.9 92.6 107.1 103.1 104.4 0.2 -11.9 2.6 -9.7 6.3 2.8 3.9 0.4 -1.5 0.1 0.1 0.9 0.1 -0.2 1.2 0.0 -0.1 3.1 1.1 0.1 0.1 -0.1 1.0 -1.3 -3.5 1.5 -0.2 0.9 -1.1 -1.7 0.0 -2.9 -0.6 -0.2 0.1 33 331 332 333 334 335 336 337 339 MANUFACTURED GOODS, PART 3............................. Primary metals........................................................... Fabricated metal products, nesoi............................... Machinery, except electrical....................................... Computer and electronic products.............................. Electrical equipment, appliances, and components.... Transportation equipment.......................................... Furniture and fixtures................................................. Miscellaneous manufactured commodities................. 55.523 5.462 2.609 6.897 15.063 3.779 15.111 1.530 5.073 103.8 137.4 106.1 103.9 96.6 104.8 100.8 101.0 105.4 103.5 135.5 105.3 104.1 96.1 104.8 100.8 101.0 105.9 2.8 26.2 3.3 3.1 -3.2 4.1 0.9 1.0 5.1 0.1 0.8 0.5 0.0 -0.1 0.2 -0.1 0.1 0.3 0.3 1.7 0.3 0.5 0.0 0.2 0.1 0.0 0.2 0.1 1.0 0.6 0.8 -0.9 1.1 0.0 0.3 0.1 -0.3 -1.4 -0.8 0.2 -0.5 0.0 0.0 0.0 0.5 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 7 Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Importance NAICS Description Annual Feb. 2006 to Feb. 2007 Oct. 2006 to Nov. 2006 Monthly Nov. Dec. 2006 2006 to to Dec. Jan. 2006 2007 Jan. 2007 to Feb. 2007 January 2007 1/ January 2007 February 2007 Nonmanufactured Articles...................................................... 6.027 111.0 115.0 11.3 10.1 2.3 -2.1 3.6 11 111 AGRICULTURE AND LIVESTOCK PRODUCTS........... Agricultural products.................................................. 4.414 4.005 117.9 119.4 121.5 123.1 21.1 23.0 7.6 8.5 2.7 2.9 -0.5 -0.5 3.1 3.1 21 211 212 OIL, GAS, MINERALS AND ORES................................ Oil and gas................................................................. Minerals and ores....................................................... 1.613 0.520 1.093 95.7 88.8 99.5 100.6 103.4 99.3 -8.3 11.2 -15.3 17.3 62.7 3.7 1.0 0.7 1.2 -6.4 -14.4 -2.1 5.1 16.4 -0.2 Manufactured Articles............................................................ 90.831 103.2 103.5 2.7 -0.2 0.3 0.3 0.3 31 311 312 313 315 MANUFACTURED GOODS, PART 1............................. Food and kindred products......................................... Beverages and tobacco products............................... Textiles and fabrics.................................................... Apparel and accessories............................................ 6.653 4.032 0.492 0.984 0.566 105.2 109.2 100.9 98.1 100.1 106.3 111.0 101.1 98.3 100.1 6.6 11.4 1.2 -1.2 0.1 0.3 0.6 -0.2 0.1 0.0 1.0 1.6 0.0 0.0 0.0 1.5 2.4 1.2 0.0 0.0 1.0 1.6 0.2 0.2 0.0 32 321 322 324 325 326 327 MANUFACTURED GOODS, PART 2............................. Wood products........................................................... Paper......................................................................... Petroleum and coal products...................................... Chemicals.................................................................. Plastics and rubber products...................................... Nonmetallic mineral products..................................... 22.225 0.554 2.120 2.266 13.959 2.355 0.862 104.7 105.8 107.6 106.3 104.0 103.9 105.3 105.3 107.2 108.4 109.9 104.3 104.1 105.9 3.8 6.8 6.5 5.5 3.3 2.6 5.1 -0.9 0.6 0.0 0.1 -1.3 -0.2 0.2 0.6 1.3 0.0 6.4 -0.4 -0.1 1.6 0.0 -0.3 -0.1 -4.7 0.7 0.6 1.0 0.6 1.3 0.7 3.4 0.3 0.2 0.6 33 331 332 333 334 335 336 339 MANUFACTURED GOODS, PART 3............................. Primary metals........................................................... Fabricated metal products, nesoi............................... Machinery, except electrical....................................... Computer and electronic products.............................. Electrical equipment, appliances, and components.... Transportation equipment.......................................... Miscellaneous manufactured commodities................. 61.953 4.071 2.778 12.274 17.569 3.644 16.747 4.526 102.4 117.5 108.4 103.7 96.7 103.2 103.2 103.1 102.5 120.0 109.0 103.8 96.4 103.3 103.4 103.1 1.9 14.8 5.4 2.9 -3.0 2.8 2.7 3.1 0.1 0.4 0.3 0.2 -0.3 0.1 0.2 -0.2 0.1 0.5 0.4 0.1 -0.2 0.3 0.2 -0.2 0.2 -0.8 0.6 0.8 -0.6 0.6 0.5 1.0 0.1 2.1 0.6 0.1 -0.3 0.1 0.2 0.0 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 8 Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 2000=100, unless otherwise noted Index Harmonized System I 02 03 II 07 08 09 IV 20 22 V 27 VI 28 29 30 32 33 38 VII 39 40 VIII 42 IX X 48 49 XI 61 62 63 XII 64 Percent Change Relative Importance Description Annual Feb. 2006 to Feb. 2007 Oct. 2006 to Nov. 2006 Monthly Nov. 2006 to Dec. 2006 Dec. 2006 to Jan. 2007 Jan. 2007 to Feb. 2007 January 2007 1/ January 2007 February 2007 LIVE ANIMALS; ANIMAL PRODUCTS.............................. Meat and edible meat offal........................................... Fish and crustaceans, molluscs and other aquatic invertebrates................................... 1.174 0.314 120.0 141.6 122.4 142.6 6.0 2.5 -0.8 0.6 -0.7 -1.1 0.8 0.0 2.0 0.7 0.602 97.8 99.7 6.9 -1.9 -0.6 2.3 1.9 VEGETABLE PRODUCTS................................................ Edible vegetables, roots, and tubers............................ Edible fruit and nuts; peel of citrus fruit or melons....................................................... Coffee, tea, mate and spices....................................... 1.208 0.340 129.5 191.3 126.3 186.6 13.5 50.7 2.2 -0.2 3.3 9.6 1.7 6.3 -2.5 -2.5 0.350 0.249 88.3 138.8 82.4 137.1 -2.9 8.9 0.9 4.0 2.6 1.3 -1.8 0.9 -6.7 -1.2 2.098 121.5 122.0 3.6 0.3 0.3 1.3 0.4 0.271 0.809 120.0 110.8 120.2 110.9 5.2 2.6 0.8 0.2 0.8 0.0 0.3 0.5 0.2 0.1 18.395 191.3 195.4 -3.6 1.6 4.7 -5.9 2.1 17.994 190.4 194.4 -3.9 1.6 4.8 -6.1 2.1 PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO............................................................... Preparations of vegetables, fruit, nuts, or other parts of plants................................. Beverages, spirits, and vinegar.................................... MINERAL PRODUCTS...................................................... Mineral fuels, oils and residuals, bituminous substances and mineral wax............... PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES........................................................... Inorganic chemicals..................................................... Organic chemicals....................................................... Pharmaceutical products............................................. Tanning & dyeing extracts; dye & pigments; varnish & paints; putty.......................... Essential oils and resinoids (Dec. 2001=100).............. Miscellaneous chemical products................................ 7.370 0.886 2.742 2.086 121.4 190.4 124.5 108.6 121.1 191.1 123.7 108.3 6.8 28.3 7.7 0.7 0.9 3.7 1.3 0.0 1.3 4.5 1.3 0.7 2.0 6.0 1.6 2.4 -0.2 0.4 -0.6 -0.3 0.185 0.417 0.431 102.2 110.1 94.3 101.8 105.4 95.5 0.8 -0.8 3.8 0.2 -0.4 -0.7 0.1 0.2 0.0 0.5 -0.5 -0.1 -0.4 -4.3 1.3 PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF..................................... Plastics and articles thereof......................................... Rubber and articles thereof.......................................... 3.002 1.949 1.053 120.0 117.5 125.0 120.5 116.8 127.8 1.9 -0.8 7.1 -0.3 -0.3 -0.3 -0.8 -0.8 -0.9 -0.1 -0.4 0.6 0.4 -0.6 2.2 RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC........................................... Articles of leather; travel goods, bags, etc. of various materials........................................ 0.612 105.3 105.4 1.4 -0.1 -0.2 -0.2 0.1 0.531 105.3 105.4 1.6 -0.1 -0.2 -0.2 0.1 WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK..................... 1.325 111.8 110.0 -10.9 -1.6 -0.1 0.9 -1.6 1.609 108.1 108.1 2.5 0.0 -0.1 -0.9 0.0 1.107 0.285 105.0 114.7 104.8 114.6 0.1 1.6 -0.2 -0.2 -0.1 -0.1 -1.0 0.1 -0.2 -0.1 5.596 101.3 101.3 0.6 0.0 -0.1 0.3 0.0 2.008 100.3 100.2 0.3 0.1 0.0 0.1 -0.1 2.253 0.550 100.0 94.3 99.8 94.4 -0.3 0.9 0.0 0.0 -0.1 -0.1 0.7 0.0 -0.2 0.1 1.283 1.087 101.3 101.5 101.3 101.5 1.1 0.8 0.1 0.0 0.1 0.1 0.3 0.2 0.0 0.0 WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS................................................... Paper and paperboard; articles of paper pulp, paper or paperboard..................................... Printed matter.............................................................. 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................................... HEADGEAR, UMBRELLAS, ARTIFICIAL FLOWERS, ETC..................................... Footwear and parts of such articles............................ See footnotes at end of table 9 Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 2000=100, unless otherwise noted Index Harmonized System XIII 68 69 70 XIV XV 72 73 74 76 82 83 XVI 84 85 XVII 87 88 XVIII 90 91 XX 94 95 96 Relative Importance Description January 2007 1/ STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC......................................... Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100).................... Ceramic products...................................................... Glass and glassware................................................. PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ BASE METALS AND ARTICLES OF BASE METAL....... 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......................... MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC....... Machinery and mechanical appliances; parts thereof Electrical machinery and equip, sound and TV recorders & reproducers, parts............... VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT.............. Motor vehicles and their parts.................................... Aircraft, spacecraft, and parts thereof (Dec. 2002=100)..................................... OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES............. Optical, photographic, measuring and medical instruments........................................... Clocks and watches and parts thereof....................... MISCELLANEOUS MANUFACTURED ARTICLES......... Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldg...................... Toys, games and sports equipment; parts and accessories thereof..................................... Miscellaneous manufactured articles......................... January 2007 February 2007 Percent Change Annual Feb. 2006 to Feb. 2007 Oct. 2006 to Nov. 2006 Monthly Nov. 2006 to Dec. 2006 Dec. 2006 to Jan. 2007 Jan. 2007 to Feb. 2007 0.994 109.1 108.9 3.2 -0.2 0.0 0.4 -0.2 0.350 0.312 0.333 102.7 114.3 109.4 102.7 114.1 108.8 0.9 3.8 4.7 -0.3 -0.1 -0.3 -1.0 0.6 0.4 0.6 0.4 0.2 0.0 -0.2 -0.5 2.873 128.4 130.6 16.0 0.4 2.2 0.6 1.7 6.631 1.479 1.493 0.851 1.179 163.4 183.6 126.0 269.0 148.1 161.5 186.6 126.1 236.6 146.8 16.7 20.3 2.0 21.5 11.9 0.7 -1.1 0.0 0.3 1.5 0.6 -0.9 0.1 -1.2 2.6 0.1 0.0 0.1 -5.6 1.5 -1.2 1.6 0.1 -12.0 -0.9 0.369 0.495 107.6 124.4 107.7 125.6 0.5 7.9 0.0 0.2 0.1 1.1 0.2 0.2 0.1 1.0 25.390 13.125 88.1 88.6 87.9 88.4 -0.2 0.0 0.0 0.1 0.0 0.2 0.0 0.0 -0.2 -0.2 12.265 87.6 87.4 -0.5 0.0 -0.1 -0.1 -0.2 13.127 12.121 105.4 104.6 105.5 104.7 1.0 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.890 108.1 108.2 2.4 0.3 0.2 0.2 0.1 3.117 99.7 98.9 -0.6 -0.2 0.2 -0.1 -0.8 2.771 0.254 98.1 115.5 97.2 115.3 -1.3 5.3 -0.2 0.0 0.1 1.9 -0.1 0.2 -0.9 -0.2 3.975 101.0 101.0 1.6 0.2 0.2 0.5 0.0 2.256 104.3 104.2 1.2 0.1 0.1 0.2 -0.1 1.498 0.221 96.2 107.8 96.2 107.8 1.6 5.9 0.4 0.0 0.3 0.1 0.3 5.7 0.0 0.0 1 Relative importance figures are based on 2005 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 10 Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 2000=100, unless otherwise noted Index Harmonized System I 02 03 II 08 10 12 IV 21 23 V 27 VI 28 29 30 32 33 34 38 VII 39 40 VIII IX X Percent Change Relative Importance Description Annual Feb. 2006 to Feb. 2007 Oct. 2006 to Nov. 2006 Monthly Nov. 2006 to Dec. 2006 Dec. 2006 to Jan. 2007 Jan. 2007 to Feb. 2007 January 2007 1/ January 2007 February 2007 LIVE ANIMALS; ANIMAL PRODUCTS.............................. Meat & edible meat offal (Dec. 2006=100)................... Fish and crustaceans, molluscs and other aquatic invertebrates................................... 1.454 0.724 136.4 104.3 141.7 109.1 10.7 n.a. -1.6 n.a. 0.5 n.a. 3.1 4.3 3.9 4.6 0.413 119.9 123.4 -0.2 -2.4 1.2 0.3 2.9 VEGETABLE PRODUCTS................................................ Edible fruit and nuts; peel of citrus fruit or melons....................................................... Cereals........................................................................ Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder.............................. 4.050 151.5 155.6 25.7 7.9 2.7 -0.5 2.7 0.647 1.774 112.8 167.0 113.8 177.2 3.6 39.3 -3.6 13.5 6.1 2.3 0.0 -4.6 0.9 6.1 0.986 134.6 144.9 19.4 11.8 0.7 -1.0 7.7 2.296 0.426 118.0 110.3 118.8 110.3 6.5 2.3 0.8 0.8 0.8 0.0 1.7 0.5 0.7 0.0 0.493 142.1 145.2 15.8 3.3 4.4 1.8 2.2 4.161 223.4 230.7 4.7 7.5 3.9 -3.6 3.3 3.383 206.3 217.9 9.0 6.6 4.0 -3.4 5.6 11.584 1.116 3.670 2.552 124.3 148.0 137.7 113.5 124.6 148.5 138.4 113.4 4.9 9.7 6.0 4.6 -0.8 -2.9 -2.0 0.5 -0.2 -3.0 -0.5 0.9 0.3 -2.1 -0.4 1.9 0.2 0.3 0.5 -0.1 0.605 113.4 113.1 5.3 1.2 1.3 0.7 -0.3 0.693 116.3 116.5 4.2 -0.2 0.3 1.0 0.2 0.411 1.637 109.7 114.2 109.8 114.3 2.4 2.4 1.4 0.3 -1.0 0.4 0.3 0.5 0.1 0.1 PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF..................................... Plastics and articles thereof......................................... Rubber and articles thereof.......................................... 5.442 4.360 1.082 127.9 123.9 144.6 128.4 124.6 144.4 0.2 -0.7 4.6 -1.7 -2.1 0.1 -0.4 -0.5 0.0 1.2 1.1 1.6 0.4 0.6 -0.1 RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC........................................... 0.493 124.1 125.5 11.0 1.0 1.8 0.9 1.1 WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK..................... 0.721 109.2 111.5 5.8 1.1 -0.3 -0.2 2.1 PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO............................................................... Miscellaneous edible preparations............................... Residues and waste from the food industries; prepared animal feed........................... MINERAL PRODUCTS...................................................... Mineral fuels, oils and residuals, bituminous substances and mineral wax............... PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES........................................................... Inorganic chemicals..................................................... Organic chemicals....................................................... Pharmaceutical products............................................. Tanning or dyeing extracts, dyes, paints, varnish, putty, & inks................................. Essential oils and resinoids; perfumery, cosmetic or toilet................................. Soap; lubricants; waxes, polishing or scouring products; candles, pastes....................... Miscellaneous chemical products................................ 2.685 0.652 108.1 108.6 109.7 114.6 7.3 22.6 -0.2 1.1 0.3 2.9 0.7 2.7 1.5 5.5 49 WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS................................................... Woodpulp and recovered paper................................... Paper and paperboard; articles of paper pulp, paper or paperboard..................................... Printed material........................................................... 1.459 0.573 107.1 113.6 107.4 113.4 5.4 -2.5 -0.3 -1.5 0.1 -1.4 0.1 0.3 0.3 -0.2 XI 52 TEXTILE AND TEXTILE ARTICLES.................................. Cotton, including yarns and woven fabrics thereof....... 2.483 0.677 102.4 94.8 102.2 93.8 0.2 -1.3 0.3 1.5 0.6 2.4 0.3 0.4 -0.2 -1.1 47 48 See footnotes at end of table 11 Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 2000=100, unless otherwise noted Index Harmonized System XIII 70 XIV XV 72 73 74 76 82 83 XVI 84 85 XVII 87 XVIII XX 94 95 Relative Importance Description January 2007 1/ January 2007 February 2007 Percent Change Annual Feb. 2006 to Feb. 2007 Oct. 2006 to Nov. 2006 Monthly Nov. 2006 to Dec. 2006 Dec. 2006 to Jan. 2007 Jan. 2007 to Feb. 2007 STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC......................................... Glass and glassware................................................. 0.802 0.435 106.3 95.9 108.5 95.9 3.8 0.9 0.1 0.1 1.2 0.3 0.8 0.1 2.1 0.0 PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 3.541 158.4 167.1 36.2 0.4 7.6 7.9 5.5 5.841 1.413 1.403 0.659 1.068 157.6 178.6 139.8 229.2 148.5 159.0 184.5 141.1 226.0 148.0 13.2 17.4 6.3 21.7 14.9 0.8 -0.6 0.3 2.9 2.1 0.4 0.6 0.1 -3.4 3.9 -0.6 -1.0 0.9 -6.9 -0.1 0.9 3.3 0.9 -1.4 -0.3 0.411 0.405 113.7 124.7 113.9 126.2 3.5 5.2 0.0 0.1 0.0 0.3 1.2 0.1 0.2 1.2 32.352 18.576 93.8 102.3 93.7 102.3 0.1 1.3 0.0 0.1 0.0 -0.1 -0.1 0.1 -0.1 0.0 13.776 84.5 84.4 -1.3 0.0 0.1 -0.4 -0.1 VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT.............. Motor vehicles and their parts.................................... 13.956 9.028 112.9 105.4 113.0 105.4 2.0 1.0 0.1 0.0 0.3 0.2 0.3 0.2 0.1 0.0 OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES............. 6.330 103.6 103.1 1.1 0.0 0.0 1.0 -0.5 1.459 103.1 103.1 2.5 0.5 -0.2 1.7 0.0 0.810 112.6 112.5 5.9 2.3 0.7 1.4 -0.1 0.485 87.5 87.5 -7.4 -2.0 -2.1 -2.1 0.0 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......................... MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC.. Machinery and mechanical appliances; parts thereof Electrical machinery and equipment and parts and accessories thereof...................... MISCELLANEOUS MANUFACTURED ARTICLES......... Furniture; stuffed furnishings; lamps and lighting fittings nesoi;......................... Toys, games and sports equipment; parts and accessories thereof..................................... 1 Relative importance figures are based on 2005 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 12 Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin February 2006-February 2007 2000=100, unless otherwise noted Index Description Percentage of U.S. Imports 1/ Percent Change Annual Feb. 2006 to Feb. 2007 Oct. 2006 to Nov. 2006 Monthly Nov. 2006 to Dec. 2006 Dec. 2006 to Jan. 2007 Jan. 2007 to Feb. 2007 January 2007 February 2007 44.813 4.582 39.766 116.2 167.3 112.0 116.1 172.6 111.6 1.8 -3.0 2.3 1.3 9.1 0.6 0.8 7.4 0.0 -0.5 -9.6 0.4 -0.1 3.2 -0.4 Nonmanufactured Articles....................................... Manufactured Articles.............................................. 55.204 11.023 43.982 110.7 185.5 100.3 112.1 192.0 100.9 1.1 1.3 1.0 -0.1 -0.9 0.1 1.1 3.9 0.3 -1.2 -3.1 -0.6 1.3 3.5 0.6 Canada......................................................................... Nonmanufactured Articles....................................... Manufactured Articles.............................................. 17.052 3.871 12.851 127.3 169.9 119.6 127.6 175.7 118.8 0.3 -2.2 0.8 2.6 12.9 0.2 1.6 7.5 0.0 -1.5 -9.2 0.8 0.2 3.4 -0.7 4/ European Union............................................................ Nonmanufactured Articles....................................... Manufactured Articles.............................................. 17.908 0.389 17.406 121.1 180.9 119.8 121.3 186.4 119.8 4.0 -13.2 4.4 -0.1 -5.3 0.2 0.6 1.3 0.6 0.7 -9.0 0.9 0.2 3.0 0.0 France (Dec. 2003=100)............................................... 1.888 107.2 107.3 4.2 -0.1 0.7 1.4 0.1 Germany (Dec. 2003=100)........................................... 5.008 106.2 105.8 3.5 -0.1 0.4 0.7 -0.4 United Kingdom (Dec. 2003=100)................................. 2.845 115.1 115.7 -0.1 -0.9 0.3 -0.5 0.5 5/ Latin America............................................................... Nonmanufactured Articles....................................... Manufactured Articles.............................................. 17.619 4.822 12.721 135.7 192.0 126.1 135.9 197.9 124.9 2.2 4.4 1.2 -0.4 0.2 -0.7 0.7 4.4 -0.8 -0.7 -3.0 0.2 0.1 3.1 -1.0 Mexico (Dec. 2003=100)............................................... 10.163 119.6 120.3 5.4 -0.1 0.2 0.8 0.6 6/ Pacific Rim (Dec. 2003=100)........................................ 33.452 98.1 98.1 -0.6 -0.1 0.1 -0.4 0.0 China (Dec. 2003=100)................................................ 14.941 97.2 97.0 -1.1 0.1 0.0 -0.1 -0.2 Japan........................................................................... 8.308 94.0 93.8 -0.8 -0.1 0.0 -0.1 -0.2 7/ Asian NICs................................................................... 6.124 88.6 88.7 -0.1 -0.2 0.1 -0.6 0.1 8/ ASEAN (Dec. 2003=100).............................................. 5.993 96.7 97.2 0.2 -0.3 0.0 -1.3 0.5 9/ Asia Near East (Dec. 2003=100).................................. 3.765 164.0 168.4 1.6 -1.1 2.5 -2.4 2.7 2/ Industrialized Countries................................................ Nonmanufactured Articles....................................... Manufactured Articles.............................................. 3/ Other Countries............................................................ 1 Percentage of trade figures are based on 2005 trade values. 2 Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa. 3 Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere. 4 Includes European Union countries. 5 Includes Mexico, Central America, South America and the Caribbean. 6 Includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and Asia Newly Industrialized Countries (see footnote 7). 7 Asia Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan. 8 Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. 9 Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen. NOTES: Data may be revised in each of the three months after original publication. Regions are not mutually exclusive. n.a. Not available 13 Table 8 U.S. International Price Indexes and Percent Changes for Selected Transportation Services February 2006-February 2007 2000=100, unless otherwise noted Index Percent Change Relative importance Description January 2007 1/ January 2007 February 2007 Annual Feb. 2006 to Feb. 2007 Oct. 2006 to Nov. 2006 Monthly Nov. Dec. 2006 2006 to to Dec. Jan. 2006 2007 Jan. 2007 to Feb. 2007 AIR FREIGHT Import Air Freight..................................................... Europe (Dec. 2003=100)..................................... Asia..................................................................... 100.000 27.936 61.252 132.3 130.9 115.3 130.8 129.1 113.9 0.8 6.5 -2.1 -2.3 -4.3 -1.2 1.0 1.8 0.5 0.8 2.6 0.2 -1.1 -1.4 -1.2 Export Air Freight..................................................... Europe (Dec. 2006=100)..................................... 100.000 38.814 118.3 101.0 116.6 100.6 2.8 n.a. -0.7 n.a. 0.1 n.a. 1.4 1.0 -1.4 -0.4 Inbound Air Freight................................................... Europe (Dec. 2003=100)..................................... Asia..................................................................... 100.000 29.805 57.493 128.0 126.7 110.4 126.5 125.1 109.1 1.4 6.6 -1.7 -1.2 -2.6 -0.5 0.6 1.1 0.3 0.6 2.6 -0.2 -1.2 -1.3 -1.2 Outbound Air Freight................................................ Europe (Dec. 2003=100)..................................... Asia..................................................................... 100.000 41.715 40.743 113.1 127.2 103.8 112.1 126.1 103.0 -0.8 -0.9 -2.1 -1.4 -1.5 -1.6 -0.4 0.0 -0.8 -0.6 -1.3 -0.3 -0.9 -0.9 -0.8 AIR PASSENGER FARES Import Air Passenger Fares..................................... Europe................................................................. Asia..................................................................... Latin America/Caribbean..................................... 100.000 40.825 25.849 13.898 122.8 114.8 116.6 123.2 122.8 118.0 113.0 123.7 7.1 10.3 4.0 9.8 -3.3 -4.4 -0.6 -0.6 3.3 0.1 18.1 3.2 -2.1 0.7 -9.9 -0.7 0.0 2.8 -3.1 0.4 Export Air Passenger Fares..................................... Europe................................................................. Asia..................................................................... Latin America/Caribbean..................................... 100.000 29.833 31.586 21.663 141.7 165.0 114.3 166.3 139.1 162.6 110.5 166.1 3.2 8.0 -5.3 12.9 -2.6 -7.1 -1.0 0.3 0.9 0.8 0.1 1.9 3.2 1.7 5.5 5.4 -1.8 -1.5 -3.3 -0.1 Inbound Air Passenger Fares (Dec. 2003=100)....... Europe (Dec. 2003=100)..................................... Asia (Dec. 2003=100)......................................... Latin America/Caribbean (Dec. 2003=100)......... Canada (Dec. 2003=100).................................... 100.000 36.880 30.249 14.295 7.841 122.2 117.3 112.5 131.4 160.2 118.2 116.0 105.2 130.7 159.0 6.0 8.0 0.2 13.2 5.6 -4.6 -8.9 -2.6 -0.3 -0.2 1.6 1.6 2.2 1.4 1.5 3.1 0.5 4.8 6.4 -2.6 -3.3 -1.1 -6.5 -0.5 -0.7 Outbound Air Passenger Fares (Dec. 2003=100).... Europe (Dec. 2003=100)..................................... Asia (Dec. 2003=100)......................................... Latin America/Caribbean (Dec. 2003=100)......... Canada (Dec. 2003=100).................................... 100.000 37.534 22.714 23.491 6.785 118.7 119.7 107.9 114.3 165.7 119.4 122.5 107.2 114.8 168.0 8.1 10.0 4.6 7.6 16.2 -2.8 -4.5 -2.5 0.0 0.0 1.4 -0.2 6.9 0.8 1.2 -0.5 1.0 -5.8 0.4 -0.1 0.6 2.3 -0.6 0.4 1.4 CRUDE OIL TANKER FREIGHT 2/ Inbound Crude Oil Tanker Freight............................ 100.000 n.a. n.a. n.a. -2.0 -2.3 n.a. n.a. OCEAN LINER FREIGHT Inbound Ocean Liner Freight................................... U.S. East Coast................................................... From Atlantic................................................. From Pacific.................................................. U.S. West Coast.................................................. 100.000 56.660 24.887 23.211 43.340 113.2 118.3 117.6 122.7 110.2 113.0 117.1 116.0 121.4 111.1 -10.5 -7.6 -12.1 -1.2 -12.2 0.2 0.3 -0.8 1.3 0.1 -0.1 -0.1 0.0 -0.1 0.0 -0.7 -0.3 -0.3 0.1 -1.3 -0.2 -1.0 -1.4 -1.1 0.8 1 Relative importance figures are based on 2005 trade values. 2 Publication of the Crude Oil Tanker Freight Indexes is lagged two months, as are the relative importance figures. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 14 Table 9 U.S. Export Price Indexes and Percent Changes for Travel and Tourism Services January 2006-January 2007 December 2006=100, unless otherwise noted Index Percent Change Relative importance Description December 2006 1/ Export Travel and Tourism........................ From Europe........................................ From Asia............................................ From Latin America/Caribbean............ From Canada....................................... 100.000 39.407 32.224 15.369 8.677 December 2006 100.0 100.0 100.0 100.0 100.0 January 2007 100.4 100.6 98.9 101.5 102.9 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Annual Jan. 2006 to Jan. 2007 n.a. n.a. n.a. n.a. n.a. Sept. 2006 to Oct. 2006 n.a. n.a. n.a. n.a. n.a. Monthly Oct. 2006 to Nov. 2006 n.a. n.a. n.a. n.a. n.a. Nov. 2006 to Dec. 2006 n.a. n.a. n.a. n.a. n.a. Dec. 2006 to Jan. 2007 0.4 0.6 -1.1 1.5 2.9 15 TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are not seasonally adjusted. Price indexes for merchandise goods are reweighted annually, with a two-year lag in the weights. Published series use a base year of 2000=100 where possible. More detailed index series and additional information may be obtained at http://www.bls.gov/mxp, or by calling (202) 6917101. Merchandise Goods Classification Systems -- The merchandise price indexes are published using three classification systems. Items are classified, respectively, by end use for the Bureau of Economic Analysis System, industry for the North American Industry Classification System (NAICS), and product category for the Harmonized System (HS). While classification by end use and product category are self-explanatory, a couple of notes are in order for classifying items by industry. In the NAICS tables, for both imports and exports, items are classified by output industry, not input industry. As an example, NAICS import index 326 (plastics and rubber products) would include outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS classification structure also matches the classification system used by the PPI to produce the NAICS primary products indexes. Import Price Indexes -- Products have been classified by the 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 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. Beginning with January 2002, the indexes are defined by locality of origin using a nomenclature based upon the North American Industry Classification System (NAICS). Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are defined as NAICS 31-33. Services Price Indexes -- Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represent transactions between U.S. and foreign residents) and International (which represent transactions inbound to and outbound from the U.S.). The Air Passenger Fares Indexes are calculated from data collected from a commercial airline reservation system. These data exclude frequent flyer tickets and those sold by consolidators. The Crude Oil Tanker Freight Indexes are calculated from data collected by the U. S. Department of Energy, and the publication of these indexes is lagged two months. The Air Freight and Ocean Liner Freight Indexes are calculated from data collected directly from companies. The Travel and Tourism Indexes are calculated from a subset of BLS Consumer Price Index data, and the publication of these indexes is lagged one month. Fact sheets specifying detailed information for each services industry are available at http://www.bls.gov/mxp/ under “Publications and Other Documentation.” 16 Revision Policy -- To reflect the availability of late reports and corrections by respondents, monthly data may be revised in each of the three months after original publication. After three months, no further data revisions take place. So, for example, data released in the January release will be subject to revision in the releases for February, March, and April. Uses of the Data -- The primary use of the indexes is to deflate trade statistics, notably the foreign trade sector of the National Income and Product Accounts constructed by the Department of Commerce. Other published indexes are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Income and Product Accounts, 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. Mailing List -- If you wish to be added to the mailing list to receive a copy of the U.S. Import and Export Price Index News Release, please either call the IPP information line at (202) 691-7101 or send e-mail to (mxpinfo@bls.gov) to provide your name and mailing address. 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