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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-07-0246 Transmission of This Material Is Embargoed Until 8:30 A.M. E.S.T. Thursday, February 15, 2007 U.S. IMPORT AND EXPORT PRICE INDEXES - JANUARY 2007 The U.S. Import Price Index decreased 1.2 percent in January, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decline followed a 1.1 percent rise in December and was led by a 7.3 percent downturn in petroleum prices. Export prices rose 0.3 percent in January, after increasing 0.7 percent the previous month. Percent changes in import and export price indexes by End Use category - not seasonally adjusted IMPORTS Month All Imports EXPORTS Agricultural Exports Petroleum Imports Nonpetroleum Imports 5.8 -1.0 0.6 11.3 6.4 -1.1 3.6 1.0 -11.0 -10.4 r -1.7 r 4.6 r 0.3 -0.7 -0.3 0.1 0.7 0.4 0.0 0.5 0.1 -0.6 1.0 r 0.5 r 0.7 0.1 0.2 0.7 0.7 0.7 0.4 0.4 -0.4 -0.3 0.4 0.7 r 0.6 -0.7 -0.1 -0.4 0.6 2.6 1.9 0.9 -0.5 1.0 r 4.4 2.4 r 0.7 0.2 0.2 0.7 0.7 0.6 0.2 0.5 -0.4 -0.5 r 0.2 r 0.5 r All Exports Nonagricultural Exports 2006 January February March April May June July August September October November December 1.2 -0.8 -0.1 2.1 1.8 0.1 0.8 0.5 -2.2 -2.5 r 0.5 1.1 r 2007 January -1.2 -7.3 0.0 0.3 0.7 0.3 8.7 0.1 47.4 -7.3 2.4 1.6 2.7 4.1 4.8 13.5 2.6 3.3 January 2005-06 January 2006-07 r = revised to reflect late reports and corrections by respondents. 2 Import Goods Import prices fell 1.2 percent in January after increases of 1.1 percent and 0.5 percent, respectively, in December and November. A 7.3 percent decrease in petroleum prices drove the overall January drop, as petroleum prices resumed a recent downward pattern after increasing 4.6 percent in December. Nonpetroleum prices were unchanged in January after a 0.5 percent advance the previous month. Prices for nonpetroleum imports rose 1.6 percent over the 12 months ended in January. Changes in prices for nonpetroleum imports were highlighted by a turnaround in the index for nonpetroleum industrial supplies and materials prices, which declined 1.0 percent. The January decrease followed increases of 1.7 percent and 4.1 percent, respectively, in December and November. The drop in nonpetroleum industrial supplies and materials prices was driven by a downturn in natural gas prices. In the previous two months, natural gas prices had led the advance in nonpetroleum industrial supplies and materials prices. Capital goods prices edged down 0.1 percent, declining for the first time since a 0.1 percent decrease in April 2006. In contrast, the price index for consumer goods rose 0.3 percent. The increase in consumer goods prices was driven by higher prices for medicinal, dental, and pharmaceutical preparatory materials. The price indexes for foods, feeds, and beverages and for automotive vehicles also increased in January, advancing 1.5 percent and 0.1 percent, respectively. A 4.9 percent increase in vegetables prices led the January rise in foods, feeds, and beverages prices. In December, the index for foods, feeds, and beverages had increased 0.7 percent. The modest increase in prices for automotive vehicles in January followed a 0.1 percent drop in December. Export Goods Export prices increased 0.3 percent in January as higher prices for both agricultural and nonagricultural exports contributed to the rise. The advance in the prices for overall exports followed increases of 0.7 percent and 0.4 percent, respectively, in December and November. For the year ended in January, export prices rose 4.1 percent. The 0.7 percent increase in agricultural prices was led by higher prices for vegetables and meat, which more than offset lower prices for corn, wheat, and soybeans. Agricultural prices rose 13.5 percent over the past 12 months. Nonagricultural prices also increased in January, rising 0.3 percent. A 0.3 percent advance in nonagricultural industrial supplies and materials prices led the January increase in nonagricultural prices. Metals prices continued to rise in January. However, prices for fuels and lubricants, up over the past 12 months, fell in January. For the year ended in January, nonagricultural industrial supplies and materials prices rose 8.4 percent. Prices for each of the major finished goods areas also increased in January. The price index for capital goods, which makes up about 40 percent of overall exports, rose 0.2 percent for the month and 0.9 percent over the past year. Automotive vehicles prices increased 0.2 percent for the second consecutive month. Prices for automotive vehicles rose 1.5 percent for the year ended in January. The price index for consumer goods advanced 0.8 percent for the month and 2.4 percent for the January 2006-2007 period. 3 Imports by Locality of Origin Import prices from Japan ticked up 0.1 percent in January, the first increase since a 0.2 percent rise in June 2006. Prices of imports from Japan decreased 0.4 percent over the past 12 months. For the second consecutive month, import prices from China recorded no change. Over the past year, prices of imports from China declined 0.8 percent. Prices for imports from Canada and Mexico decreased in January, led by lower petroleum prices. Import prices from Canada declined 1.6 percent for the month after advances of 1.9 percent and 2.6 percent, respectively, in December and November. Prices for imports from Canada fell 2.3 percent for the January 2006-2007 period. Import prices from Mexico decreased 0.4 percent for the month. Despite the January decline, prices of imports from Mexico increased 2.0 percent over the past 12 months. In contrast, prices of imports from the European Union rose in January, increasing 0.5 percent. Import prices from the European Union advanced 4.4 percent for the year ended in January. Import and Export Services Import air passenger fares fell 2.1 percent in January after increasing 3.3 percent in December. In January, the decrease was led by a 9.9 percent drop in Asian fares. Despite declines in five of the past six months, import air passenger fares increased 7.0 percent over the past 12 months. Export air passenger fares increased 3.3 percent in January, following a 0.9 percent upturn in December. The index rose 6.9 percent over the past year. Prices for import air freight rose 0.8 percent in January following a 1.0 percent increase the previous month. Higher air freight prices from both Europe and Asia, up 2.6 percent and 0.2 percent, respectively, contributed to the increase. Import air freight prices rose 4.3 percent for the year ended in January. The price index for export air freight increased 1.5 percent in January and rose 6.0 percent over the past 12 months. 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 ------------------------------------------------------------------Import and Export Price Index data for February 2007 are scheduled for release on March 14 at 8:30 A.M. (E.D.T.). 4 Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods January 2006-January 2007 2000=100, unless otherwise noted Index Percent Change Relative Importance END USE 0 00 01 1 Description Annual Jan. 2006 to Jan. 2007 Sept. 2006 to Oct. 2006 Monthly Oct. Nov. 2006 2006 to to Nov. Dec. 2006 2006 Dec. 2006 to Jan. 2007 December 2006 1/ December 2006 January 2007 ALL COMMODITIES............................................................ ALL IMPORTS EXCLUDING PETROLEUM......................... ALL IMPORTS EXCLUDING FUELS (Dec. 2001=100)........................................................... 100.000 83.007 115.2 105.7 113.8 105.7 0.1 1.6 -2.5 -0.6 0.5 1.0 1.1 0.5 -1.2 0.0 80.440 108.1 108.4 2.8 -0.1 0.2 0.2 0.3 FOODS, FEEDS, & BEVERAGES..................................... 4.332 122.5 124.3 4.3 0.2 0.4 0.7 1.5 Agricultural foods, feeds & beverages, excluding distilled beverages................................ 3.299 133.6 135.4 4.4 0.4 0.9 1.1 1.3 Nonagricultural foods (fish, distilled beverages)........... 1.033 97.7 99.4 3.8 -0.6 -1.1 -0.4 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............ 34.928 167.3 160.5 -2.0 -6.9 1.2 3.1 -4.1 17.934 138.7 137.3 3.1 -3.0 4.1 1.7 -1.0 15.367 144.9 145.5 10.1 -0.8 0.6 0.3 0.4 9.937 139.4 139.8 12.9 -1.4 0.7 0.5 0.3 7.997 136.8 133.4 -7.2 -5.1 8.9 3.0 -2.5 10 100 10000 101 10110 Fuels & lubricants........................................................ Petroleum & petroleum products............................. Crude............................................................... Fuels, n.e.s.-coals & gas......................................... Gas-natural...................................................... 19.561 16.994 11.954 2.246 2.081 205.5 208.2 209.7 190.1 187.5 190.0 192.9 192.5 168.9 165.0 -10.3 -7.3 -7.4 -32.9 -35.2 -11.1 -10.4 -10.1 -21.4 -23.0 1.6 -1.7 -2.2 38.6 43.2 5.2 4.6 5.2 10.2 11.3 -7.5 -7.3 -8.2 -11.2 -12.0 11 Paper & paper base stocks.......................................... 0.876 112.9 111.7 4.7 -0.1 0.2 -0.3 -1.1 12 Materials associated with nondurable supplies & materials............................................. 4.638 123.2 124.3 5.1 0.2 0.8 0.1 0.9 13 Selected building materials.......................................... 1.924 110.5 111.4 -6.0 -3.2 -1.2 -0.3 0.8 14 Unfinished metals related to durable goods................. 4.514 195.8 198.0 31.3 -1.0 0.6 1.1 1.1 15 Finished metals related to durable goods.................... 1.775 130.8 128.0 7.8 -1.7 2.9 0.7 -2.1 16 Nonmetals related to durable goods............................ 1.640 101.5 101.4 0.5 0.2 0.1 -0.1 -0.1 CAPITAL GOODS............................................................. 22.352 91.5 91.4 0.3 0.0 0.1 0.1 -0.1 20 Electric generating equipment..................................... 2.672 103.1 104.0 4.2 -0.1 0.4 0.1 0.9 21 Nonelectrical machinery............................................... 17.998 87.9 87.6 -0.6 0.0 0.1 0.0 -0.3 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)........................... 1.682 109.3 110.6 3.7 0.6 0.2 0.1 1.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES.............. 14.201 104.2 104.3 0.9 0.2 0.0 -0.1 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES......................................................... 24.188 101.0 101.3 1.5 0.1 0.1 0.3 0.3 40 Nondurables, manufactured......................................... 11.131 103.4 104.1 1.0 -0.1 0.2 0.3 0.7 41 Durables, manufactured............................................... 11.860 98.3 98.2 2.0 0.2 0.1 0.2 -0.1 42 Nonmanufactured consumer goods............................. 1.197 101.8 102.3 0.7 1.3 -0.1 0.1 0.5 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 January 2006-January 2007 2000=100, unless otherwise noted Index Percent Change Relative Importance END USE Description Annual Jan. 2006 to Jan. 2007 Sept. 2006 to Oct. 2006 Monthly Oct. Nov. 2006 2006 to to Nov. Dec. 2006 2006 Dec. 2006 to Jan. 2007 December 2006 1/ December 2006 January 2007 ALL COMMODITIES................................................................. AGRICULTURAL COMMODITIES............................................ NONAGRICULTURAL COMMODITIES.................................... 100.000 8.108 91.891 112.7 137.2 110.9 113.0 138.1 111.2 4.1 13.5 3.3 -0.3 1.0 -0.5 0.4 4.4 0.2 0.7 2.4 0.5 0.3 0.7 0.3 FOODS, FEEDS, & BEVERAGES......................................... 7.408 138.6 138.8 13.0 1.1 4.3 2.1 0.1 Agricultural foods, feeds & beverages, excluding distilled beverages..................................... 6.730 140.3 140.5 14.4 1.4 5.0 2.1 0.1 Nonagricultural foods (fish, distilled beverages)................ 0.678 124.0 124.5 1.5 -1.2 -1.7 1.3 0.4 INDUSTRIAL SUPPLIES & MATERIALS............................... INDUSTRIAL SUPPLIES & MATERIALS, DURABLE..................................................................... INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE.............................................................. 29.254 140.3 140.9 8.5 -1.6 0.5 1.7 0.4 11.476 150.1 152.9 16.3 -1.0 0.8 2.3 1.9 17.778 135.2 134.5 4.2 -2.0 0.4 1.3 -0.5 Agricultural industrial supplies & materials........................ 1.378 123.9 128.3 9.8 -0.3 1.9 3.2 3.6 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS........................................................... 27.875 141.4 141.8 8.4 -1.6 0.5 1.5 0.3 11 Fuels & lubricants............................................................. 4.387 191.0 184.0 7.0 -7.1 2.8 4.7 -3.7 12 Nonagricultural supplies & materials excluding fuels & building materials........................... 22.366 136.8 138.3 8.9 -0.6 0.0 1.0 1.1 Selected building materials............................................... 1.122 111.5 111.5 4.0 0.5 0.0 0.9 0.0 CAPITAL GOODS.................................................................. 40.034 98.8 99.0 0.9 0.2 0.1 0.0 0.2 20 Electrical generating equipment........................................ 3.776 106.3 105.7 1.9 0.8 0.1 0.3 -0.6 21 Nonelectrical machinery................................................... 29.124 92.6 92.6 -0.2 0.1 -0.1 0.0 0.0 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)................................ 7.134 119.2 120.5 4.8 0.3 0.5 0.4 1.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 10.710 105.5 105.7 1.5 0.1 0.0 0.2 0.2 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES.............................................................. 12.594 104.0 104.8 2.4 -0.1 0.0 0.1 0.8 40 Nondurables, manufactured.............................................. 5.954 104.1 105.1 2.7 -0.2 0.2 0.3 1.0 41 Durables, manufactured................................................... 5.548 102.8 103.1 1.6 -0.1 -0.2 0.0 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 January 2006-January 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Importance NAICS Description Annual Jan. 2006 to Jan. 2007 Sept. 2006 to Oct. 2006 Monthly Oct. Nov. 2006 2006 to to Nov. Dec. 2006 2006 Dec. 2006 to Jan. 2007 December 2006 1/ December 2006 January 2007 Nonmanufactured Articles...................................................... 16.450 101.9 94.2 -10.5 -10.5 1.7 5.3 -7.6 11 111 AGRICULTURE AND LIVESTOCK PRODUCTS........... Agricultural products.................................................. 1.493 1.040 107.8 108.2 110.7 111.8 6.4 6.5 -0.8 0.1 0.7 2.1 1.9 3.6 2.7 3.3 21 212 OIL, GAS, MINERALS AND ORES................................ Minerals and ores (Dec. 2006=100)........................... 14.957 0.408 101.4 100.0 92.7 101.9 -12.0 n.a. -11.4 n.a. 1.8 n.a. 5.6 n.a. -8.6 1.9 Manufactured Articles............................................................ 82.974 103.2 103.3 2.8 -0.7 0.3 0.4 0.1 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........................................ 10.445 2.380 0.828 0.505 0.802 4.410 1.521 101.4 103.9 102.1 103.7 100.5 99.9 101.1 101.9 105.7 102.2 104.1 100.5 99.9 101.3 1.6 4.4 2.2 4.6 0.3 -0.2 1.3 0.1 0.2 0.3 0.3 -0.1 -0.1 0.1 0.1 0.4 0.0 0.0 -0.1 0.1 0.0 0.0 0.2 0.0 0.1 0.0 -0.1 0.1 0.5 1.7 0.1 0.4 0.0 0.0 0.2 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..................................... 17.545 1.232 1.420 4.053 7.870 1.743 1.119 102.6 89.9 105.3 98.8 106.1 103.5 103.3 102.2 90.7 104.2 94.2 107.7 103.3 104.4 0.9 -11.1 3.5 -8.3 6.7 3.1 4.4 -2.8 -4.8 -0.1 -10.4 0.4 0.1 -0.1 0.4 -1.5 0.1 0.1 1.0 0.1 -0.2 1.2 -0.1 -0.1 3.0 1.0 0.1 0.0 -0.4 0.9 -1.0 -4.7 1.5 -0.2 1.1 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................. 54.984 5.417 2.572 6.771 15.044 3.703 14.949 1.511 5.017 103.8 137.6 105.6 103.0 97.5 103.7 100.7 100.7 105.3 103.9 138.3 106.3 103.9 96.6 104.9 100.9 100.9 105.3 3.6 34.3 4.9 3.2 -3.0 4.3 1.0 0.8 5.2 0.0 -1.8 -0.1 0.2 0.0 0.1 0.3 0.0 0.7 0.3 2.3 0.5 0.0 0.0 0.2 -0.1 0.1 0.3 0.2 1.3 0.4 0.4 -0.1 0.2 0.0 0.0 0.2 0.1 0.5 0.7 0.9 -0.9 1.2 0.2 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 7 Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods January 2006-January 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Importance NAICS Description Annual Jan. 2006 to Jan. 2007 Sept. 2006 to Oct. 2006 Monthly Oct. Nov. 2006 2006 to to Nov. Dec. 2006 2006 Dec. 2006 to Jan. 2007 December 2006 1/ December 2006 January 2007 Nonmanufactured Articles...................................................... 6.169 113.4 111.6 7.8 -0.9 10.1 2.3 -1.6 11 111 AGRICULTURE AND LIVESTOCK PRODUCTS........... Agricultural products.................................................. 4.443 4.032 118.5 120.0 118.2 119.7 16.3 17.7 1.9 2.2 7.6 8.5 2.7 2.9 -0.3 -0.2 21 211 212 OIL, GAS, MINERALS AND ORES................................ Oil and gas................................................................. Minerals and ores....................................................... 1.726 0.608 1.118 102.2 103.7 101.6 97.0 88.8 101.5 -10.0 -17.5 -5.9 -7.9 -24.1 -1.5 17.3 62.7 3.7 1.0 0.7 1.2 -5.1 -14.4 -0.1 Manufactured Articles............................................................ 90.951 103.1 103.3 2.8 -0.3 -0.1 0.4 0.2 31 311 312 313 315 MANUFACTURED GOODS, PART 1............................. Food and kindred products......................................... Beverages and tobacco products............................... Textiles and fabrics.................................................... Apparel and accessories............................................ 6.565 3.947 0.485 0.986 0.568 103.6 106.7 99.3 98.2 100.1 105.2 109.3 100.2 98.1 100.1 5.4 9.7 0.6 -1.6 0.1 0.3 0.0 -0.3 1.1 0.0 0.2 0.6 -0.5 0.2 0.0 1.1 1.7 -0.1 0.0 0.0 1.5 2.4 0.9 -0.1 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..................................... 22.409 0.556 2.125 2.398 14.021 2.347 0.856 105.3 106.1 107.7 112.2 104.3 103.3 104.2 105.3 105.8 107.6 107.0 105.0 103.8 104.6 4.3 5.8 6.3 1.0 4.6 2.9 4.4 -1.2 0.1 0.5 -8.7 -0.6 0.4 -0.1 -0.6 0.6 0.0 0.4 -1.0 -0.2 0.2 0.9 1.3 0.0 6.8 0.2 -0.1 1.5 0.0 -0.3 -0.1 -4.6 0.7 0.5 0.4 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................. 61.976 4.111 2.759 12.206 17.719 3.631 16.715 4.491 102.2 118.5 107.4 102.9 97.3 102.6 102.8 102.1 102.4 117.4 108.0 103.8 96.7 102.9 103.3 103.1 2.0 14.9 5.9 3.2 -3.3 2.9 2.8 3.1 -0.1 -2.2 0.3 0.2 -0.2 0.7 0.2 0.2 0.1 0.4 0.2 0.2 -0.3 0.1 0.2 -0.2 0.1 0.5 0.2 0.1 -0.2 0.3 0.3 -0.2 0.2 -0.9 0.6 0.9 -0.6 0.3 0.5 1.0 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 January 2006-January 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 LIVE ANIMALS; ANIMAL PRODUCTS.............................. Meat and edible meat offal........................................... Fish and crustaceans, molluscs and other aquatic invertebrates................................... VEGETABLE PRODUCTS................................................ Edible vegetables, roots, and tubers............................ Edible fruit and nuts; peel of citrus fruit or melons....................................................... Coffee, tea, mate and spices....................................... 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............... Annual Jan. 2006 to Jan. 2007 Sept. 2006 to Oct. 2006 Monthly Oct. Nov. 2006 2006 to to Nov. Dec. 2006 2006 Dec. 2006 to Jan. 2007 December 2006 1/ December 2006 January 2007 1.150 0.311 118.6 141.5 119.5 141.6 4.5 3.2 -0.2 1.4 -0.8 0.6 -1.0 -1.2 0.8 0.1 0.581 95.3 97.6 6.9 -0.9 -1.9 -0.9 2.4 1.177 0.317 127.4 180.0 130.3 194.7 5.3 5.1 0.9 1.9 2.2 -0.2 3.3 9.6 2.3 8.2 0.353 0.244 89.9 137.5 88.5 138.8 7.5 8.4 -1.0 2.4 0.9 4.0 2.6 1.3 -1.6 0.9 2.050 119.8 121.2 3.8 0.0 0.3 0.3 1.2 0.268 0.798 119.7 110.3 120.0 110.4 6.2 2.7 0.2 -0.5 0.8 0.2 0.8 0.0 0.3 0.1 19.431 204.1 188.7 -10.7 -11.1 1.5 5.1 -7.5 19.044 203.4 187.7 -11.0 -11.3 1.6 5.2 -7.7 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................................ 7.149 0.828 2.665 2.018 118.9 179.7 122.2 106.1 121.0 190.5 123.5 108.5 6.8 26.9 8.6 -0.2 0.8 3.8 1.1 -0.5 0.9 3.7 1.3 0.0 1.2 4.5 1.2 0.7 1.8 6.0 1.1 2.3 0.182 0.415 0.429 101.7 110.6 94.8 102.1 110.2 94.9 1.3 3.1 3.0 0.0 1.4 0.4 0.2 -0.4 -0.5 0.1 0.2 0.2 0.4 -0.4 0.1 PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF..................................... Plastics and articles thereof......................................... Rubber and articles thereof.......................................... 2.975 1.939 1.036 120.1 118.0 124.2 119.8 117.0 125.5 1.8 -0.8 6.9 -0.5 -0.3 -0.9 -0.3 -0.3 -0.3 -0.8 -0.8 -0.9 -0.2 -0.8 1.0 RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC........................................... Articles of leather; travel goods, bags, etc. of various materials........................................ 0.606 105.5 105.4 1.5 0.1 -0.1 -0.2 -0.1 0.526 105.5 105.3 1.6 0.0 -0.1 -0.2 -0.2 WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK..................... 1.301 110.8 111.6 -9.9 -4.8 -1.6 -0.1 0.7 1.607 109.1 108.4 3.2 -0.4 0.0 -0.1 -0.6 1.107 0.281 106.1 114.6 104.8 114.7 0.5 1.8 -0.5 0.2 -0.2 -0.2 -0.1 -0.1 -1.2 0.1 5.527 101.0 101.1 0.4 0.1 0.0 -0.1 0.1 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................................... 1.986 100.1 100.2 0.3 0.0 0.1 -0.1 0.1 2.218 0.544 99.4 94.3 99.5 94.3 -0.5 0.7 -0.2 -0.1 0.0 0.0 0.0 -0.1 0.1 0.0 HEADGEAR, UMBRELLAS, ARTIFICIAL FLOWERS, ETC..................................... Footwear and parts of such articles............................ 1.267 1.075 101.0 101.3 101.3 101.5 1.1 0.8 0.1 0.0 0.1 0.0 0.1 0.1 0.3 0.2 See footnotes at end of table 9 Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods January 2006-January 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 December 2006 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......................... December 2006 January 2007 Percent Change Annual Jan. 2006 to Jan. 2007 Sept. 2006 to Oct. 2006 Monthly Oct. 2006 to Nov. 2006 Nov. 2006 to Dec. 2006 Dec. 2006 to Jan. 2007 0.980 108.6 109.2 3.9 -0.2 -0.3 0.0 0.6 0.344 0.307 0.329 102.0 113.8 109.1 102.7 114.3 109.6 1.5 4.2 6.0 0.1 -0.2 -0.5 -0.3 -0.1 -0.4 -1.1 0.6 0.4 0.7 0.4 0.5 2.826 127.6 128.3 18.2 -1.0 0.3 2.2 0.5 6.590 1.462 1.478 0.926 1.150 164.0 183.5 126.1 295.8 145.9 163.8 183.6 126.4 273.6 148.1 20.8 19.9 2.1 44.8 16.5 -0.7 -0.3 0.0 -6.2 0.4 1.4 -1.1 0.0 6.0 1.5 0.4 -1.0 0.2 -3.0 2.6 -0.1 0.1 0.2 -7.5 1.5 0.364 0.490 107.5 124.4 107.7 124.7 1.5 9.2 0.2 0.4 0.0 0.2 0.2 1.2 0.2 0.2 25.155 12.998 88.1 88.6 88.1 88.5 0.0 0.0 0.0 -0.1 0.0 0.1 0.0 0.2 0.0 -0.1 12.157 87.7 87.6 -0.1 0.0 0.0 -0.1 -0.1 12.993 11.998 105.4 104.6 105.5 104.7 1.0 0.8 0.4 0.2 0.0 0.0 0.0 0.0 0.1 0.1 0.880 107.9 108.1 2.6 0.6 0.3 0.2 0.2 3.089 99.8 99.8 0.5 0.3 -0.2 0.2 0.0 2.747 0.251 98.2 115.3 98.1 115.5 -0.2 5.7 0.2 1.3 -0.1 0.0 0.0 1.9 -0.1 0.2 3.915 100.5 101.0 1.6 0.3 0.2 0.2 0.5 2.230 104.1 104.4 1.3 0.2 0.1 0.1 0.3 1.478 0.207 95.8 102.0 96.1 107.8 1.5 6.1 0.3 0.2 0.4 0.0 0.2 0.1 0.3 5.7 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 January 2006-January 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 Description Annual Jan. 2006 to Jan. 2007 Sept. 2006 to Oct. 2006 Monthly Oct. Nov. 2006 2006 to to Nov. Dec. 2006 2006 Dec. 2006 to Jan. 2007 December 2006 1/ December 2006 January 2007 1.414 0.697 132.3 100.0 136.4 104.1 5.8 n.a. -0.9 n.a. -1.5 n.a. 0.5 n.a. 3.1 4.1 0.413 119.7 120.0 -1.3 -2.3 -2.4 1.3 0.3 4.086 152.5 152.4 21.2 2.7 7.8 2.9 -0.1 0.649 1.863 112.8 175.0 112.8 167.0 -0.9 33.8 -7.0 6.9 -3.6 13.5 6.1 2.3 0.0 -4.6 0.999 136.0 134.7 7.3 1.8 11.8 0.7 -1.0 2.262 0.425 115.9 109.7 117.7 110.3 5.8 2.7 0.4 0.1 0.7 0.8 0.8 0.0 1.6 0.5 0.486 139.7 142.2 12.9 2.3 3.3 4.5 1.8 4.327 231.8 225.4 2.7 -7.2 7.5 3.9 -2.8 3.510 213.5 206.3 0.6 -8.5 6.6 4.0 -3.4 11.688 1.268 3.674 2.497 125.2 168.4 138.0 111.2 125.9 170.5 137.6 113.2 6.7 35.5 4.9 4.9 0.0 0.9 -0.8 -0.1 -0.3 2.5 -2.2 0.4 0.4 2.5 -0.4 0.8 0.6 1.2 -0.3 1.8 0.609 114.2 114.9 7.7 0.1 2.0 1.9 0.6 0.682 114.6 115.3 3.5 0.5 -0.4 0.2 0.6 0.409 1.621 109.4 113.3 109.7 113.7 2.1 2.5 0.6 0.4 1.4 0.2 -1.0 0.3 0.3 0.4 PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF..................................... Plastics and articles thereof......................................... Rubber and articles thereof.......................................... 5.391 4.324 1.067 126.4 122.6 142.3 127.4 123.3 145.0 -0.2 -1.4 5.6 -1.1 -1.4 0.1 -1.7 -2.1 0.1 -0.4 -0.5 0.0 0.8 0.6 1.9 RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC........................................... 0.490 123.0 124.1 10.1 1.4 1.0 1.8 0.9 WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK..................... 0.724 109.4 109.3 4.5 0.2 1.1 -0.3 -0.1 2.688 0.636 108.0 105.7 108.7 108.6 6.9 17.2 0.0 0.0 0.1 1.1 0.7 2.9 0.6 2.7 1.462 0.590 107.0 116.5 107.1 116.1 5.6 0.0 0.5 -1.2 -0.3 -0.1 0.1 0.0 0.1 -0.3 2.482 0.676 102.1 94.4 102.4 94.9 -0.1 0.0 -0.4 -1.7 0.3 1.5 0.6 2.4 0.3 0.5 LIVE ANIMALS; ANIMAL PRODUCTS.............................. Meat & edible meat offal (Dec. 2006=100)................... Fish and crustaceans, molluscs and other aquatic invertebrates................................... VEGETABLE PRODUCTS................................................ Edible fruit and nuts; peel of citrus fruit or melons....................................................... Cereals........................................................................ Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder.............................. 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................................ 49 WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS................................................... Woodpulp and recovered paper................................... Paper and paperboard; articles of paper pulp, paper or paperboard..................................... Printed material........................................................... XI 52 TEXTILE AND TEXTILE ARTICLES.................................. Cotton, including yarns and woven fabrics thereof....... 47 48 Percent Change Relative Importance See footnotes at end of table 11 Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods January 2006-January 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 December 2006 1/ December 2006 January 2007 Percent Change Annual Jan. 2006 to Jan. 2007 Sept. 2006 to Oct. 2006 Monthly Oct. 2006 to Nov. 2006 Nov. 2006 to Dec. 2006 Dec. 2006 to Jan. 2007 STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC......................................... Glass and glassware................................................. 0.798 0.435 105.5 95.8 106.1 95.9 2.3 0.8 0.0 -0.1 0.1 0.1 1.2 0.3 0.6 0.1 PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 3.289 146.8 158.7 33.1 -1.7 0.4 7.6 8.1 5.889 1.429 1.394 0.709 1.072 158.5 180.3 138.6 246.2 148.7 157.4 177.6 139.6 229.3 148.5 13.6 12.8 8.0 27.6 16.7 -0.6 -1.6 -0.1 -1.0 0.2 0.8 -0.7 0.3 2.9 2.1 0.3 0.6 0.1 -3.4 3.9 -0.7 -1.5 0.7 -6.9 -0.1 0.407 0.406 112.4 124.6 113.7 124.7 4.0 4.5 1.0 -0.3 0.0 0.1 0.0 0.3 1.2 0.1 32.438 18.576 93.8 102.1 93.8 102.3 0.0 1.4 0.2 0.1 0.0 0.0 -0.1 -0.1 0.0 0.2 13.862 84.8 84.4 -1.9 0.1 0.1 0.0 -0.5 VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT.............. Motor vehicles and their parts.................................... 13.959 9.031 112.7 105.2 113.0 105.4 2.3 1.1 0.2 0.2 0.1 0.0 0.4 0.2 0.3 0.2 OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES............. 6.282 102.6 103.3 1.5 0.2 0.0 0.0 0.7 1.445 101.9 103.7 3.2 -0.6 0.5 0.3 1.8 0.808 112.0 113.5 7.1 0.2 2.3 1.6 1.3 0.497 89.4 87.7 -7.2 -2.1 -2.0 -2.1 -1.9 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 January 2006-January 2007 2000=100, unless otherwise noted Index Description Percentage of U.S. Imports 1/ Percent Change Annual Jan. 2006 to Jan. 2007 Sept. 2006 to Oct. 2006 Monthly Oct. 2006 to Nov. 2006 Nov. 2006 to Dec. 2006 Dec. 2006 to Jan. 2007 December 2006 January 2007 44.813 4.582 39.766 117.1 187.4 111.7 116.4 170.9 112.1 1.6 -13.8 3.5 -2.2 -14.0 -0.9 1.5 9.0 0.8 0.9 8.9 0.0 -0.6 -8.8 0.4 Nonmanufactured Articles....................................... Manufactured Articles.............................................. 55.204 11.023 43.982 111.9 190.5 100.9 109.4 176.7 100.1 -1.6 -9.2 0.5 -2.7 -9.1 -0.7 -0.1 -1.1 0.1 1.0 3.6 0.3 -2.2 -7.2 -0.8 Canada......................................................................... Nonmanufactured Articles....................................... Manufactured Articles.............................................. 17.052 3.871 12.851 129.6 190.1 118.7 127.5 171.9 119.5 -2.3 -16.6 2.3 -4.4 -15.7 -1.2 2.6 12.8 0.3 1.9 9.3 -0.1 -1.6 -9.6 0.7 4/ European Union............................................................ Nonmanufactured Articles....................................... Manufactured Articles.............................................. 17.908 0.389 17.406 120.6 199.0 119.1 121.2 185.4 119.8 4.4 -13.1 4.8 -0.7 -5.8 -0.5 0.1 -5.1 0.4 0.7 1.2 0.7 0.5 -6.8 0.6 France (Dec. 2003=100)............................................... 1.888 105.7 106.3 3.2 1.0 -0.1 0.7 0.6 Germany (Dec. 2003=100)........................................... 5.008 106.1 106.1 3.9 0.3 0.6 0.3 0.0 United Kingdom (Dec. 2003=100)................................. 2.845 115.7 115.1 -0.4 -2.1 -0.9 0.3 -0.5 5/ Latin America............................................................... Nonmanufactured Articles....................................... Manufactured Articles.............................................. 17.619 4.822 12.721 136.3 195.9 125.9 133.5 183.0 125.7 -0.5 -7.7 2.4 -2.8 -8.0 -0.5 -0.6 -0.5 -0.7 0.6 4.0 -0.8 -2.1 -6.6 -0.2 Mexico (Dec. 2003=100)............................................... 10.163 118.6 118.1 2.0 -1.9 -0.1 0.1 -0.4 6/ Pacific Rim (Dec. 2003=100)........................................ 33.452 98.5 98.3 -0.5 -0.3 -0.1 0.1 -0.2 China (Dec. 2003=100)................................................ 14.941 97.3 97.3 -0.8 -0.2 0.1 0.0 0.0 Japan........................................................................... 8.308 94.1 94.2 -0.4 -0.2 -0.1 0.0 0.1 7/ Asian NICs................................................................... 6.124 89.1 88.7 -0.3 -0.1 -0.2 0.1 -0.4 8/ ASEAN (Dec. 2003=100).............................................. 5.993 98.0 96.6 0.1 -0.7 -0.3 0.0 -1.4 9/ Asia Near East (Dec. 2003=100).................................. 3.765 169.2 161.1 -4.4 -6.4 -1.0 3.2 -4.8 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 January 2006-January 2007 2000=100, unless otherwise noted Index Percent Change Relative importance Description December 2006 1/ December 2006 January 2007 Annual Jan. 2006 to Jan. 2007 Sept. 2006 to Oct. 2006 Monthly Oct. 2006 to Nov. 2006 Nov. 2006 to Dec. 2006 Dec. 2006 to Jan. 2007 AIR FREIGHT Import Air Freight..................................................... Europe (Dec. 2003=100)..................................... Asia..................................................................... 100.000 27.470 61.659 131.2 127.6 115.1 132.3 130.9 115.3 4.3 10.9 0.2 -0.1 -0.5 0.3 -2.3 -4.3 -1.2 1.0 1.8 0.5 0.8 2.6 0.2 Export Air Freight..................................................... Europe (Dec. 2006=100)..................................... 100.000 38.968 116.7 100.0 118.4 100.9 6.0 n.a. -0.4 n.a. -0.7 n.a. 0.1 n.a. 1.5 0.9 Inbound Air Freight................................................... Europe (Dec. 2003=100)..................................... Asia..................................................................... 100.000 29.229 57.996 127.1 123.4 110.6 128.0 126.7 110.4 3.9 9.9 -0.2 -0.7 -1.3 -0.1 -1.2 -2.6 -0.5 0.6 1.1 0.3 0.7 2.7 -0.2 Outbound Air Freight................................................ Europe (Dec. 2003=100)..................................... Asia..................................................................... 100.000 41.980 40.654 113.9 128.9 104.3 113.8 128.7 104.1 2.2 3.0 -0.6 -0.9 -1.3 -0.7 -1.3 -1.5 -1.4 -0.3 0.0 -0.8 -0.1 -0.2 -0.2 AIR PASSENGER FARES Import Air Passenger Fares..................................... Europe................................................................. Asia..................................................................... Latin America/Caribbean..................................... 100.000 39.686 28.097 13.707 125.4 114.0 129.4 124.1 122.8 114.8 116.6 123.2 7.0 8.6 5.0 6.6 -4.1 -6.8 -2.3 1.8 -3.3 -4.4 -0.6 -0.6 3.3 0.1 18.1 3.2 -2.1 0.7 -9.9 -0.7 Export Air Passenger Fares..................................... Europe................................................................. Asia..................................................................... Latin America/Caribbean..................................... 100.000 30.297 30.913 21.231 137.3 162.2 108.3 157.8 141.8 165.0 114.3 166.4 6.9 14.2 0.8 6.9 -1.9 -1.0 -4.5 0.8 -2.6 -7.1 -1.0 0.3 0.9 0.8 0.1 1.9 3.3 1.7 5.5 5.4 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 37.823 29.748 13.849 8.295 118.5 116.7 107.3 123.5 164.4 122.2 117.3 112.5 131.4 160.2 9.5 13.1 3.3 9.1 11.4 -1.4 -0.4 -4.5 1.1 -0.3 -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 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 36.967 24.011 23.296 6.759 119.3 118.5 114.6 113.9 165.9 118.7 119.7 107.9 114.3 165.7 6.8 8.6 2.2 5.1 15.8 -4.2 -7.9 -2.0 0.5 0.0 -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 CRUDE OIL TANKER FREIGHT 2/ Inbound Crude Oil Tanker Freight............................ 100.000 n.a. n.a. n.a. -0.7 -2.0 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 56.393 24.805 23.040 43.607 114.0 118.6 118.0 122.6 111.7 113.2 118.3 117.5 122.7 110.2 -10.6 -7.4 -11.5 -0.2 -12.8 -0.3 -0.6 -1.2 -0.1 0.0 0.2 0.3 -0.8 1.3 0.1 -0.1 -0.1 0.0 -0.1 0.0 -0.7 -0.3 -0.4 0.1 -1.3 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 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. Fact sheets specifying detailed information for each services industry are available at http://www.bls.gov/mxp/ under “Publications and Other Documentation.” 15 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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