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U.S. IMPORT AND EXPORT PRICE INDEXES
- JULY 2006 -
The U.S. Import Price Index increased 0.9 percent in July, the Bureau
of Labor Statistics of the U.S. Department of Labor reported today. A 4.7
percent advance in petroleum prices more than offset a modest 0.1 percent
decline in nonpetroleum prices. The price index of overall exports rose 0.4
percent in July following a 0.7 percent increase in June.
Percent changes in import and export price indexes
by End Use category
-not seasonally adjusted-
IMPORTS EXPORTS
Month Non- Agri- Nonagri-
All Petroleum petroleum All cultural cultural
Imports Imports Imports Exports Exports Exports
2005
July 1.2 7.7 -0.2 0.1 0.0 0.1
August 1.4 7.4 0.1 -0.2 -0.6 -0.1
September 2.1 6.9 0.9 0.8 -1.4 1.0
October 0.1 -3.1 1.0 0.7 0.3 0.8
November -1.9 -9.4 -0.1 -0.6 -0.2 -0.7
December 0.0 -0.3 0.0 0.1 -0.5 0.2
2006
January 1.2 5.8 0.3 0.7 0.6 0.7
February -0.8 -1.0 -0.7 0.1 -0.7 0.2
March -0.1 0.6 -0.3 0.2 -0.1 0.2
April 2.1 r 11.3 r 0.1 0.7 -0.4 r 0.7
May 1.8 r 6.4 r 0.7 0.6 0.6 0.7
June 0.0 r -1.4 0.4 0.7 r 2.5 r 0.5 r
July 0.9 4.7 -0.1 0.4 1.9 0.2
July 2004-05 8.2 47.3 2.1 2.8 -1.7 3.2
July 2005-06 7.0 29.6 2.3 4.4 1.9 4.6
r = revised to reflect late reports and corrections by respondents.
Import Goods
Import prices rose 0.9 percent in July, led up for the third time in the
past four months by rising petroleum prices. The price index for import
petroleum, which advanced 11.3 percent in April and 6.4 percent in May,
increased 4.7 percent in July following a 1.4 downturn in June. For the year,
petroleum prices rose 29.6 percent. In contrast, nonpetroleum prices edged
down a modest 0.1 percent in July after increasing in each of the previous three
months. Prices for nonpetroleum imports advanced 2.3 percent over the past
12 months, while overall import prices rose 7.0 percent for the same period.
The small July decrease in nonpetroleum prices was led by a downturn
in the price index for nonpetroleum industrial supplies and materials, which
fell 0.9 percent following increases of 2.8 percent and 1.3 percent,
respectively, in May and June. The drop in nonpetroleum industrial supplies
and materials prices was driven by a turnaround in unfinished metal prices,
although lower prices for natural gas and building materials also contributed to
the July decline. Higher chemicals and finished metal prices, however, served
to offset some of the decline in nonpetroleum industrial supplies and materials.
A modest 0.1 percent decrease in consumer goods prices also
contributed to lower July prices for nonpetroleum imports. Consumer goods
prices were unchanged over the past 12 months.
In contrast, the price indexes for automotive vehicles, capital goods, and
foods, feeds, and beverages all rose in July. Automotive vehicle prices
increased 0.2 percent for the second consecutive month, and advanced 0.7
percent for the year ended in July. Capital goods prices and prices for foods,
feeds, and beverages each ticked up 0.1 percent for the month. The increase in
capital goods prices followed a 0.3 percent rise in June, but despite those
increases, the index declined 0.4 percent over the past year. Prices for foods,
feeds, and beverages rose 3.9 percent for the July 2005-2006 period.
Export Goods
Export prices increased 0.4 percent in July, as both agricultural prices
and nonagricultural prices contributed to the advance. Prices for agricultural
exports rose 1.9 percent after a 2.5 percent increase in June. Higher prices for
wheat, fruit, and soybeans all contributed to the increase. Agricultural prices
advanced 1.9 percent over the past year, as the recent increases more than
offset lower prices at the end of 2005 and the beginning of 2006.
Nonagricultural prices continued a steady upward trend in July, rising 0.2
percent. Over the past 12 months, nonagricultural prices increased 4.6 percent,
and overall export prices rose a similar 4.4 percent.
The advance in nonagricultural prices was again led by rising prices for
nonagricultural industrial supplies and materials, which increased 0.6 percent.
The latter increase was led by higher prices for chemicals, plastic materials,
and fuels. However, lower metals prices were an offsetting factor and prices
for nonagricultural industrial supplies and materials rose at a smaller rate than
in the previous three months, when the increases ranged between 1.7 and 2.0
percent. The index increased 13.5 percent for the year ended in July. Prices
for consumer goods and automotive vehicles rose 0.4 percent and 0.3 percent,
respectively, contributing to the overall increase in nonagricultural prices.
Consumer goods prices increased 2.5 percent over the past year, while prices
for automotive vehicles advanced 1.6 percent.
Capital goods prices fell a modest 0.1 percent for the second consecutive
month, but increased 0.3 percent over the past 12 months.
Imports by Locality of Origin
Prices for imports from Canada and from the European Union
increased 0.2 percent in July after each index recorded little movement the
previous month. Both increases were driven by higher petroleum prices.
Import prices from Canada resumed an upward trend following a 0.1 percent
downturn in June, and increased 8.0 percent over the past 12 months. The
price index for imports from Europe was up 5.5 percent for the year ended in
July.
Rising petroleum prices also led the 1.7 percent advance in import
prices from Mexico. The increase followed a 0.3 percent downturn in June,
and contributed to an 8.4 percent rise in the price index of imports from
Mexico over the past year.
Import prices from both Japan and from China declined 0.2 percent in
July. The drop in prices from Japan resumed a downward trend after the index
rose 0.2 percent in June and remained unchanged in May. Prices for imports
from Japan declined 1.8 percent over the past 12 months. The price index for
imports from China fell for the fifth consecutive month and decreased 1.3
percent over the past year.
Import and Export Services
Import air passenger fares increased 2.0 percent in July following an 11.4
percent jump in June. The July increase was led by higher Asian and Latin
American fares. Export air passenger fares rose 5.0 percent in July after a 0.1
percent uptick in June. For the year ended in July, import air passenger fares
advanced 5.6 percent, while export air passenger fares declined 0.7 percent.
Both import and export air freight prices decreased in July following three
consecutive increases. Prices for import air freight declined 1.2 percent as air
freight prices from both Asia and Europe fell. Export air freight prices edged
down 0.2 percent.
ANNOUNCEMENT OF CHANGES IN THE U.S. IMPORT AND EXPORT PRICE INDEXES
Due to budget constraints, the U.S. Import and Export Price Indexes classified by
the Standard International Classification System (SITC), previously found in Tables 7
and 8, will no longer be published beginning with this release of the July 2006 data.
CONTENTS OF RELEASE
This news release includes the following tables:
Table 1 U.S. Import Price Indexes, by End Use
Table 2 U.S. Export Price Indexes, by End Use
Table 3 U.S. Import Price Indexes, by NAICS
Table 4 U.S. Export Price Indexes, by NAICS
Table 5 U.S. Import Price Indexes, by Harmonized System
Table 6 U.S. Export Price Indexes, by Harmonized System
Table 7 U.S. Import Price Indexes, by Locality of Origin
Table 8 U.S. International Price Indexes for Selected Transportation Services
-------------------------------------------------------------------
Import and Export Price Index data for August are scheduled for release on September 14 at
8:30 A.M. (E.D.T.).
Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
July 2005-July 2006 2000=100, unless otherwise noted
Index Percent Change
Relative
Import- Annual Monthly
ance July March April May June
END Description 2005 2006 2006 2006 2006
USE June June July to to to to to
2006 2006 2006 July April May June July
1/ 2006 2006 2006 2006 2006
ALL COMMODITIES.......................................... 100.000 117.2 118.2 7.0 2.1 1.8 0.0 0.9
ALL IMPORTS EXCLUDING PETROLEUM.......................... 79.691 104.2 104.1 2.3 0.1 0.7 0.4 -0.1
ALL IMPORTS EXCLUDING FUELS
(Dec. 2001=100)................................... 77.556 107.2 107.1 2.4 0.1 0.7 0.7 -0.1
0 FOODS, FEEDS, & BEVERAGES.............................. 4.228 118.0 118.1 3.9 -0.7 1.6 -0.1 0.1
00 Agricultural foods, feeds & beverages,
excluding distilled beverages............. 3.169 126.8 126.5 3.6 -0.6 2.0 -0.2 -0.2
01 Nonagricultural foods (fish, distilled beverages) 1.059 98.5 99.4 4.9 -0.7 0.5 0.4 0.9
1 INDUSTRIAL SUPPLIES & MATERIALS........................ 37.568 177.9 181.7 19.8 6.0 4.8 -0.2 2.1
INDUSTRIAL SUPPLIES & MATERIALS
EXCLUDING PETROLEUM........................... 17.259 134.0 132.8 10.0 0.5 2.8 1.3 -0.9
INDUSTRIAL SUPPLIES & MATERIALS
EXCLUDING FUELS (Dec. 2001=100)............... 15.124 143.8 142.6 12.2 0.9 3.2 2.4 -0.8
INDUSTRIAL SUPPLIES & MATERIALS,
DURABLE....................................... 9.881 139.2 136.9 15.4 1.4 4.6 3.2 -1.7
INDUSTRIAL SUPPLIES & MATERIALS,
NONDURABLE EXCLUDING PETROLEUM................ 7.378 126.8 126.9 3.1 -0.7 0.7 -1.2 0.1
10 Fuels & lubricants............................... 22.443 229.6 239.1 25.1 9.7 5.8 -1.9 4.1
100 Petroleum & petroleum products............... 20.308 241.9 253.3 29.6 11.3 6.4 -1.4 4.7
10000 Crude................................ 14.738 242.2 256.3 29.4 11.4 5.3 -1.1 5.8
11 Paper & paper base stocks........................ 0.918 111.0 111.6 6.5 1.5 1.0 0.5 0.5
12 Materials associated with nondurable
supplies & materials...................... 4.418 120.9 121.6 6.3 -0.3 0.5 1.1 0.6
13 Selected building materials...................... 1.994 117.3 116.4 1.3 0.1 1.7 -2.3 -0.8
14 Unfinished metals related to durable goods....... 4.673 193.4 185.8 33.9 2.7 8.8 7.4 -3.9
15 Finished metals related to durable goods......... 1.592 125.3 128.3 9.6 1.2 2.1 1.8 2.4
16 Nonmetals related to durable goods............... 1.529 101.0 101.0 0.4 0.2 0.0 0.0 0.0
2 CAPITAL GOODS.......................................... 20.895 91.2 91.3 -0.4 -0.1 -0.1 0.3 0.1
20 Electric generating equipment.................... 2.502 102.0 102.0 3.7 0.2 0.4 1.3 0.0
21 Nonelectrical machinery.......................... 16.756 87.8 87.9 -1.3 -0.2 -0.1 0.1 0.1
22 Transportation equipment excluding
motor vehicles (Dec. 2001=100)............ 1.637 107.9 108.0 1.5 0.4 0.2 0.3 0.1
3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 14.216 103.9 104.1 0.7 0.1 0.1 0.2 0.2
4 CONSUMER GOODS, EXCLUDING
AUTOMOTIVES..................................... 23.093 99.8 99.7 0.0 -0.1 0.2 0.1 -0.1
40 Nondurables, manufactured........................ 10.966 102.6 102.5 -0.5 -0.2 -0.1 0.1 -0.1
41 Durables, manufactured........................... 10.996 97.0 96.9 0.7 0.1 0.5 0.1 -0.1
42 Nonmanufactured consumer goods................... 1.131 98.6 99.7 -0.4 0.2 0.0 0.2 1.1
1 Relative importance figures are based on 2004 trade values.
NOTES: Data may be revised in each of the three months after original publication.
n.a. Not available
Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
July 2005-July 2006 2000=100, unless otherwise noted
Index Percent Change
Relative
Import- Annual Monthly
ance July March April May June
END Description 2005 2006 2006 2006 2006
USE June June July to to to to to
2006 2006 2006 July April May June July
1/ 2006 2006 2006 2006 2006
ALL COMMODITIES............................................. 100.000 111.1 111.5 4.4 0.7 0.6 0.7 0.4
AGRICULTURAL COMMODITIES.................................... 7.544 123.9 126.3 1.9 -0.4 0.6 2.5 1.9
NONAGRICULTURAL COMMODITIES................................. 92.457 110.2 110.4 4.6 0.7 0.7 0.5 0.2
0 FOODS, FEEDS, & BEVERAGES................................. 6.828 125.4 128.3 2.3 -0.6 0.9 2.7 2.3
00 Agricultural foods, feeds & beverages,
excluding distilled beverages................ 6.077 125.4 128.6 2.4 -0.6 0.9 2.9 2.6
01 Nonagricultural foods (fish, distilled beverages)... 0.751 125.3 125.4 2.5 -0.6 0.5 1.8 0.1
1 INDUSTRIAL SUPPLIES & MATERIALS........................... 30.462 138.4 139.1 12.8 2.0 1.6 1.7 0.5
INDUSTRIAL SUPPLIES & MATERIALS,
DURABLE.......................................... 11.186 146.6 145.9 19.0 2.4 2.5 2.9 -0.5
INDUSTRIAL SUPPLIES & MATERIALS,
NONDURABLE....................................... 19.275 134.2 135.6 9.4 1.7 1.2 1.1 1.0
10 Agricultural industrial supplies & materials........ 1.467 117.3 116.4 0.3 0.3 -0.7 0.8 -0.8
NONAGRICULTURAL INDUSTRIAL SUPPLIES
& MATERIALS.................................. 28.995 139.8 140.6 13.5 2.0 1.9 1.7 0.6
11 Fuels & lubricants.................................. 4.843 192.1 194.7 23.2 7.8 2.6 0.2 1.4
12 Nonagricultural supplies & materials
excluding fuels & building materials......... 23.005 134.8 135.4 12.2 1.0 1.7 2.1 0.4
13 Selected building materials......................... 1.147 109.6 109.6 3.4 0.1 0.3 0.6 0.0
2 CAPITAL GOODS............................................. 39.709 98.4 98.3 0.3 0.2 0.1 -0.1 -0.1
20 Electrical generating equipment..................... 3.847 104.8 104.9 1.9 0.1 0.1 0.2 0.1
21 Nonelectrical machinery............................. 29.283 92.7 92.4 -1.0 0.0 0.0 0.0 -0.3
22 Transportation equipment excluding
motor vehicles (Dec. 2001=100)............... 6.579 117.1 117.1 4.6 0.6 0.2 0.2 0.0
3 AUTOMOTIVE VEHICLES, PARTS & ENGINES...................... 10.715 104.9 105.2 1.6 0.2 0.2 0.1 0.3
4 CONSUMER GOODS, EXCLUDING
AUTOMOTIVES........................................ 12.287 103.6 104.0 2.5 0.3 0.6 0.4 0.4
40 Nondurables, manufactured........................... 6.008 103.1 103.4 2.3 0.3 0.2 0.2 0.3
41 Durables, manufactured.............................. 5.248 102.3 102.3 0.8 0.1 0.8 0.1 0.0
1 Relative importance figures are based on 2004 trade values.
NOTES: Data may be revised in each of the three months after original publication.
n.a. Not available
Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
July 2005-July 2006 2005=100, unless otherwise noted
Index Percent Change
Relative
Import- Annual Monthly
ance July March April May June
NAICS Description 2005 2006 2006 2006 2006
June June July to to to to to
2006 2006 2006 July April May June July
1/ 2006 2006 2006 2006 2006
Nonmanufactured Articles...................................... 18.488 110.8 115.9 n.a. 8.3 4.7 -1.4 4.6
11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 1.354 98.5 99.8 n.a. -2.5 5.1 2.0 1.3
111 Agricultural products............................. 0.916 91.6 91.8 n.a. -2.9 6.3 -0.1 0.2
21 OIL, GAS, MINERALS AND ORES........................... 17.134 111.9 117.3 n.a. 9.1 4.7 -1.7 4.8
Manufactured Articles......................................... 80.890 103.3 103.2 n.a. 0.8 1.3 0.4 -0.1
31 MANUFACTURED GOODS, PART 1............................ 10.333 100.7 100.8 n.a. 0.2 0.1 0.0 0.1
311 Food and kindred products......................... 2.469 102.3 102.6 n.a. -0.1 0.6 -0.1 0.3
312 Beverages and tobacco products.................... 0.803 101.0 101.6 n.a. 0.1 0.2 0.1 0.6
313 Textiles and fabrics.............................. 0.517 103.8 103.7 n.a. 2.6 0.0 1.5 -0.1
314 Textile mill products............................. 0.726 100.3 100.9 n.a. 0.1 0.0 0.0 0.6
315 Apparel and accessories........................... 4.360 99.7 99.7 n.a. 0.3 -0.3 -0.1 0.0
316 Leather and allied products....................... 1.459 100.1 100.1 n.a. 0.0 0.1 0.0 0.0
32 MANUFACTURED GOODS, PART 2............................ 17.774 105.9 106.4 n.a. 2.8 3.1 -0.8 0.5
321 Wood products..................................... 1.323 98.2 96.9 n.a. -0.7 2.5 -4.2 -1.3
322 Paper............................................. 1.452 103.6 104.1 n.a. 1.0 0.7 0.5 0.5
324 Petroleum and coal products....................... 4.782 120.6 122.4 n.a. 12.6 10.0 -2.6 1.5
325 Chemicals......................................... 7.446 101.3 101.5 n.a. -0.8 0.4 0.4 0.2
326 Plastics and rubber products...................... 1.587 101.6 101.8 n.a. 0.5 0.1 0.4 0.2
327 Nonmetallic mineral products...................... 1.081 103.2 103.5 n.a. 2.0 0.1 0.5 0.3
33 MANUFACTURED GOODS, PART 3............................ 52.783 102.9 102.7 n.a. 0.3 0.9 0.9 -0.2
331 Primary metals.................................... 5.312 133.0 129.2 n.a. 3.0 9.5 7.3 -2.9
332 Fabricated metal products, nesoi.................. 2.428 103.0 103.4 n.a. 0.2 0.4 0.5 0.4
333 Machinery, except electrical...................... 6.257 102.2 102.2 n.a. 0.3 0.3 0.5 0.0
334 Computer and electronic products.................. 13.987 98.1 97.9 n.a. -0.5 -0.4 -0.1 -0.2
335 Electrical equipment, appliances, and components.. 3.500 102.4 102.6 n.a. 0.1 0.5 1.0 0.2
336 Transportation equipment.......................... 15.102 100.3 100.5 n.a. 0.2 0.0 0.2 0.2
337 Furniture and fixtures............................ 1.472 100.3 100.5 n.a. 0.1 -0.1 0.3 0.2
339 Miscellaneous manufactured commodities............ 4.725 102.4 102.4 n.a. 0.3 1.1 0.4 0.0
1 Relative importance figures are based on 2004 trade values.
NOTES: Data may be revised in each of the three months after original publication.
n.a. Not available
Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
July 2005-July 2006 2005=100, unless otherwise noted
Index Percent Change
Relative
Import- Annual Monthly
ance July March April May June
NAICS Description 2005 2006 2006 2006 2006
June June July to to to to to
2006 2006 2006 July April May June July
1/ 2006 2006 2006 2006 2006
Nonmanufactured Articles...................................... 6.045 106.2 106.5 n.a. 1.2 0.2 3.0 0.3
11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 4.112 104.9 106.8 n.a. -0.4 0.4 3.9 1.8
111 Agricultural products............................. 3.675 104.7 106.6 n.a. -0.1 0.4 4.5 1.8
21 OIL, GAS, MINERALS AND ORES........................... 1.933 109.1 105.9 n.a. 4.5 -0.1 1.2 -2.9
211 Oil and gas....................................... 0.449 81.0 80.6 n.a. 11.2 -5.0 -2.2 -0.5
212 Minerals and ores................................. 1.484 121.9 117.4 n.a. 2.4 1.6 2.3 -3.7
Manufactured Articles......................................... 91.610 102.6 102.9 n.a. 0.4 0.7 0.5 0.3
31 MANUFACTURED GOODS, PART 1............................ 6.508 99.6 100.5 n.a. -0.9 0.5 0.6 0.9
311 Food and kindred products......................... 3.684 99.7 101.3 n.a. -0.8 0.7 0.8 1.6
312 Beverages and tobacco products.................... 0.570 101.0 101.7 n.a. 1.3 0.3 -0.3 0.7
313 Textiles and fabrics.............................. 1.045 96.5 96.6 n.a. -3.5 0.2 0.3 0.1
315 Apparel and accessories........................... 0.624 100.0 100.0 n.a. -0.1 0.0 0.1 0.0
32 MANUFACTURED GOODS, PART 2............................ 24.001 105.4 106.5 n.a. 1.1 1.4 1.0 1.0
321 Wood products..................................... 0.556 102.7 103.0 n.a. 0.0 0.9 0.7 0.3
322 Paper............................................. 2.125 105.7 106.7 n.a. 2.3 0.3 0.9 0.9
324 Petroleum and coal products....................... 2.913 124.1 125.0 n.a. 8.5 5.3 0.2 0.7
325 Chemicals......................................... 14.973 103.1 104.4 n.a. -0.1 1.0 1.2 1.3
326 Plastics and rubber products...................... 2.435 102.4 102.9 n.a. 0.2 0.4 0.1 0.5
327 Nonmetallic mineral products...................... 0.896 102.3 102.3 n.a. 0.0 0.3 2.9 0.0
33 MANUFACTURED GOODS, PART 3............................ 61.101 101.9 101.8 n.a. 0.3 0.4 0.4 -0.1
331 Primary metals.................................... 3.966 119.0 116.7 n.a. 1.4 4.6 5.2 -1.9
332 Fabricated metal products, nesoi.................. 2.730 105.3 106.0 n.a. 1.1 0.3 0.2 0.7
333 Machinery, except electrical...................... 12.045 101.6 102.3 n.a. 0.4 0.1 0.2 0.7
334 Computer and electronic products.................. 18.128 98.7 97.8 n.a. -0.3 -0.1 -0.3 -0.9
335 Electrical equipment, appliances, and components.. 3.478 101.3 101.4 n.a. 0.0 0.1 0.2 0.1
336 Transportation equipment.......................... 16.178 101.7 101.8 n.a. 0.4 0.1 0.2 0.1
339 Miscellaneous manufactured commodities............ 4.259 102.7 103.3 n.a. 0.5 1.4 0.8 0.6
1 Relative importance figures are based on 2004 trade values.
NOTES: Data may be revised in each of the three months after original publication.
n.a. Not available
Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
July 2005-July 2006 2000=100, unless otherwise noted
Index Percent Change
Relative
Import- Annual Monthly
Harmo- ance July March April May June
nized Description 2005 2006 2006 2006 2006
System June June July to to to to to
2006 2006 2006 July April May June July
1/ 2006 2006 2006 2006 2006
I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.187 118.2 120.0 4.6 -1.2 2.0 0.3 1.5
02 Meat and edible meat offal.......................... 0.335 137.2 138.6 -0.7 -0.2 0.3 -0.7 1.0
03 Fish and crustaceans, molluscs and
other aquatic invertebrates.................. 0.626 96.6 97.8 7.5 -0.7 1.2 0.9 1.2
2/ Other live animals; animal products................. 0.225 151.9 156.5 5.1 -4.1 6.8 -0.1 3.0
II VEGETABLE PRODUCTS........................................ 1.044 108.6 109.7 -0.6 -2.9 4.1 -0.2 1.0
07 Edible vegetables, roots, and tubers................ 0.288 143.6 137.7 3.6 -8.1 12.0 3.7 -4.1
08 Edible fruit and nuts; peel of citrus
fruit or melons.............................. 0.275 81.7 80.3 -7.4 -0.4 2.7 -2.0 -1.7
09 Coffee, tea, mate and spices........................ 0.220 113.4 116.9 2.7 -2.6 0.8 -4.7 3.1
2/ Other vegetable products............................ 0.261 107.9 116.3 -1.0 -0.4 1.0 1.4 7.8
IV PREPARED FOODSTUFFS, BEVERAGES, AND
TOBACCO......................................... 2.037 119.8 119.8 4.6 0.5 0.1 0.6 0.0
2/ Other prepared foodstuffs........................... 0.795 129.4 128.7 3.5 1.1 -0.1 0.8 -0.5
20 Preparations of vegetables, fruit,
nuts, or other parts of plants............... 0.254 117.8 117.4 15.9 0.4 0.4 0.8 -0.3
22 Beverages, spirits, and vinegar..................... 0.771 110.3 111.1 3.8 0.3 0.1 0.5 0.7
V MINERAL PRODUCTS.......................................... 22.254 228.6 238.1 24.7 9.6 5.7 -1.9 4.2
27 Mineral fuels, oils and residuals,
bituminous substances and mineral wax........ 21.928 228.5 238.0 24.9 9.7 5.8 -2.0 4.2
2/ Other mineral products (Dec. 2001=100).............. 0.326 137.1 139.2 11.8 2.0 0.1 1.0 1.5
VI PRODUCTS OF THE CHEMICAL OR ALLIED
INDUSTRIES...................................... 6.885 114.7 114.5 2.0 -0.5 0.5 1.1 -0.2
28 Inorganic chemicals................................. 0.686 151.5 153.9 12.8 0.5 -0.2 0.1 1.6
29 Organic chemicals................................... 2.762 118.6 120.2 7.7 -0.2 1.1 2.5 1.3
30 Pharmaceutical products............................. 1.938 106.6 105.0 -5.9 -1.6 0.1 0.6 -1.5
32 Tanning & dyeing extracts; dye &
pigments; varnish & paints; putty............ 0.173 100.8 100.8 -0.5 -0.3 0.2 0.1 0.0
33 Essential oils and resinoids (Dec. 2001=100)........ 0.371 106.9 107.9 1.7 0.2 0.3 0.0 0.9
38 Miscellaneous chemical products..................... 0.386 92.2 92.6 -0.4 0.0 0.2 0.3 0.4
VII PLASTICS AND ARTICLES THEREOF; RUBBER
AND ARTICLES THEREOF............................ 2.801 120.1 121.2 6.7 -0.1 0.2 1.5 0.9
39 Plastics and articles thereof....................... 1.818 117.0 117.3 3.2 -0.5 0.0 0.3 0.3
40 Rubber and articles thereof......................... 0.983 126.3 129.0 14.0 0.5 0.6 3.8 2.1
VIII RAW HIDES, SKINS, LEATHER, FURSKINS,
TRAVEL GOODS, ETC............................... 0.611 104.4 104.4 0.6 0.1 0.2 0.2 0.0
42 Articles of leather; travel goods, bags,
etc. of various materials.................... 0.523 104.3 104.3 0.3 0.1 0.3 0.2 0.0
IX WOOD, WOOD CHARCOAL, CORK, STRAW,
BASKETWARE AND WICKERWORK....................... 1.409 120.8 119.4 0.3 -0.4 2.2 -3.3 -1.2
X WOODPULP, RECOVERED PAPER, AND
PAPER PRODUCTS...................................... 1.641 107.8 108.4 4.5 0.9 0.6 0.5 0.6
47 Pulp wood or other fibrous cellulosic
material; waste paper/paperboard............. 0.212 116.2 120.1 15.8 2.7 3.8 1.0 3.4
48 Paper and paperboard; articles of paper
pulp, paper or paperboard.................... 1.164 106.3 106.4 3.4 0.7 0.3 0.4 0.1
49 Printed matter...................................... 0.265 113.3 113.9 1.4 0.1 0.1 0.2 0.5
XI TEXTILE AND TEXTILE ARTICLES.............................. 5.405 100.6 100.8 0.4 0.3 -0.2 0.0 0.2
61 Articles of apparel and clothing
accessories, knitted or crocheted............ 1.968 100.1 99.9 0.2 0.8 -0.6 0.0 -0.2
62 Articles of apparel and clothing
accessories, not knitted or crocheted........ 2.178 99.2 99.3 -0.5 -0.3 0.0 -0.1 0.1
63 Made-up or worn textile articles.................... 0.483 93.8 94.8 2.4 0.1 0.1 0.0 1.1
2/ Other textile & textile articles.................... 0.776 109.6 109.7 1.9 0.9 0.4 0.7 0.1
XII HEADGEAR, UMBRELLAS,
ARTIFICIAL FLOWERS, ETC............................. 1.226 100.3 100.2 0.0 0.1 0.0 0.1 -0.1
64 Footwear and parts of such articles................ 1.030 100.6 100.6 -0.1 0.1 0.0 -0.1 0.0
2/ Other footwear, headgear, umbrellas,
whips, art. flowers, etc...................... 0.196 98.2 97.7 0.2 -0.2 0.6 0.5 -0.5
XIII STONE, PLASTER, CEMENT, ASBESTOS,
CERAMICS, GLASS ETC................................. 0.951 108.7 109.0 3.5 2.5 0.1 0.4 0.3
68 Articles of stone, plaster, cement,
asbestos, or mica (Dec. 2001=100)............ 0.317 103.3 103.4 4.1 0.9 0.1 0.3 0.1
69 Ceramic products.................................... 0.300 111.8 113.1 1.5 1.1 0.2 0.4 1.2
70 Glass and glassware................................. 0.334 109.7 109.3 5.0 5.4 0.0 0.4 -0.4
XIV PEARLS, STONES, PRECIOUS METALS,
IMITATION JEWELRY, AND COINS........................ 2.730 124.8 119.2 20.5 2.4 6.1 2.2 -4.5
XV BASE METALS AND ARTICLES OF BASE METAL.................... 6.409 158.1 157.5 19.8 1.6 5.2 5.2 -0.4
72 Iron and steel...................................... 1.614 174.6 180.4 9.4 3.0 3.0 5.0 3.3
73 Articles of iron or steel........................... 1.410 125.0 125.9 2.3 0.1 0.2 0.7 0.7
74 Copper and articles thereof......................... 0.826 291.6 288.4 91.1 5.1 22.0 15.1 -1.1
76 Aluminum and articles thereof....................... 1.081 150.0 142.7 27.4 0.1 3.8 5.4 -4.9
82 Tools, implements, cutlery, spoons and
forks, of base metal; parts thereof.......... 0.377 107.7 106.5 0.9 0.1 0.2 0.3 -1.1
83 Miscellaneous articles of base metal................ 0.448 118.6 119.3 6.7 0.4 0.3 0.9 0.6
2/ Other base metals and articles of base metals....... 0.654 211.0 204.4 51.9 2.8 17.2 9.7 -3.1
XVI MACHINERY, ELECTRICAL EQUIPMENT, TV
IMAGE & SOUND RECORDERS, PARTS, ETC................. 23.231 88.1 88.2 -1.0 -0.2 0.0 0.2 0.1
84 Machinery and mechanical appliances; parts thereof.. 12.063 88.3 88.4 -1.1 -0.1 -0.1 0.1 0.1
85 Electrical machinery and equip, sound
and TV recorders & reproducers, parts........ 11.168 87.9 88.0 -0.8 -0.1 -0.1 0.3 0.1
XVII VEHICLES, AIRCRAFT, VESSELS AND
ASSOCIATED TRANSPORT EQUIPMENT...................... 13.144 104.9 105.0 0.6 0.1 0.1 0.2 0.1
87 Motor vehicles and their parts...................... 12.109 104.3 104.4 0.5 0.2 0.0 0.2 0.1
88 Aircraft, spacecraft, and parts
thereof (Dec. 2002=100)...................... 0.898 106.5 106.6 0.7 0.0 0.3 0.4 0.1
XVIII OPTICAL, PHOTO, MEASURING, MEDICAL &
MUSICAL INSTRUMENTS; & TIMEPIECES................... 3.086 99.5 99.2 -0.7 0.2 0.1 0.1 -0.3
90 Optical, photographic, measuring and
medical instruments.......................... 2.744 98.1 97.9 -1.1 0.0 -0.1 0.1 -0.2
91 Clocks and watches and parts thereof................ 0.246 111.9 111.8 4.3 1.0 1.1 0.1 -0.1
XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 3.738 99.5 99.6 0.3 -0.1 0.0 0.3 0.1
94 Furniture & stuffed furnishings; lamps &
lighting fittings, nesoi; prefab bldg........ 2.169 103.3 103.4 0.3 0.1 0.0 0.4 0.1
95 Toys, games and sports equipment; parts
and accessories thereof...................... 1.357 94.4 94.5 0.0 -0.4 0.0 0.0 0.1
96 Miscellaneous manufactured articles................. 0.212 102.7 102.8 2.3 0.2 0.3 0.5 0.1
1 Relative importance figures are based on 2004 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
Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
July 2005-July 2006 2000=100, unless otherwise noted
Index Percent Change
Relative
Import- Annual Monthly
Harmo- ance July March April May June
nized Description 2005 2006 2006 2006 2006
System June June July to to to to to
2006 2006 2006 July April May June July
1/ 2006 2006 2006 2006 2006
I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.290 125.2 130.6 0.5 -3.5 1.6 2.7 4.3
03 Fish and crustaceans, molluscs and
other aquatic invertebrates.................. 0.452 123.2 123.5 4.8 -1.1 0.3 1.5 0.2
II VEGETABLE PRODUCTS........................................ 3.640 130.8 133.3 2.0 -0.1 0.5 4.5 1.9
08 Edible fruit and nuts; peel of citrus
fruit or melons.............................. 0.659 113.9 122.5 -1.4 3.6 -0.8 3.0 7.6
10 Cereals............................................. 1.619 136.9 140.1 16.8 -0.5 0.5 5.4 2.3
12 Oilseeds and misc. grains, seeds,
fruits, plants, straw and fodder............. 0.843 121.5 124.4 -9.1 -5.1 4.7 -0.1 2.4
IV PREPARED FOODSTUFFS, BEVERAGES, AND
TOBACCO......................................... 2.275 112.4 112.4 1.4 0.5 0.3 0.0 0.0
21 Miscellaneous edible preparations................... 0.433 108.1 108.5 -0.9 0.0 0.0 0.1 0.4
23 Residues and waste from the food
industries; prepared animal feed............. 0.415 126.9 125.3 3.1 1.1 -0.2 0.7 -1.3
2/ Other prepared foods................................ 0.795 109.6 110.1 0.6 1.0 0.3 0.4 0.5
V MINERAL PRODUCTS.......................................... 4.854 240.5 239.4 25.1 6.4 2.8 0.3 -0.5
27 Mineral fuels, oils and residuals,
bituminous substances and mineral wax........ 3.891 219.6 221.4 20.5 7.2 2.7 -0.5 0.8
VI PRODUCTS OF THE CHEMICAL OR ALLIED
INDUSTRIES...................................... 12.193 122.2 123.9 6.8 0.4 0.8 1.4 1.4
28 Inorganic chemicals................................. 1.189 154.0 154.9 20.7 2.4 1.9 1.9 0.6
29 Organic chemicals................................... 4.246 135.8 140.0 9.6 0.3 1.3 2.9 3.1
30 Pharmaceutical products............................. 2.416 108.8 109.2 2.1 0.0 0.3 0.5 0.4
31 Fertilizers......................................... 0.368 146.6 149.6 2.2 1.4 -0.3 -0.5 2.0
32 Tanning or dyeing extracts, dyes,
paints, varnish, putty, & inks............... 0.641 110.7 110.4 4.0 0.8 1.2 0.2 -0.3
33 Essential oils and resinoids;
perfumery, cosmetic or toilet................ 0.707 114.1 113.9 0.5 1.5 0.2 0.3 -0.2
34 Soap; lubricants; waxes, polishing or
scouring products; candles, pastes........... 0.414 109.5 110.4 6.4 -0.8 0.8 0.6 0.8
37 Photographic or cinematographic goods............... 0.361 102.2 106.6 2.6 -0.4 0.3 -0.9 4.3
38 Miscellaneous chemical products..................... 1.614 111.7 111.5 3.8 -0.9 0.3 0.7 -0.2
VII PLASTICS AND ARTICLES THEREOF; RUBBER
AND ARTICLES THEREOF............................ 5.945 128.6 129.8 9.5 -0.9 1.1 0.8 0.9
39 Plastics and articles thereof....................... 4.812 125.5 126.3 8.4 -1.3 1.1 1.0 0.6
40 Rubber and articles thereof......................... 1.133 141.6 144.0 14.4 0.9 1.0 0.4 1.7
VIII RAW HIDES, SKINS, LEATHER, FURSKINS,
TRAVEL GOODS, ETC............................... 0.485 116.8 116.6 3.2 0.6 0.5 -0.1 -0.2
41 Raw hides and skins (other than
furskins) and leather........................ 0.346 110.9 110.5 2.4 0.7 0.6 0.5 -0.4
IX WOOD, WOOD CHARCOAL, CORK, STRAW,
BASKETWARE AND WICKERWORK....................... 0.749 107.7 107.6 3.5 0.2 0.6 0.5 -0.1
X WOODPULP, RECOVERED PAPER, AND
PAPER PRODUCTS...................................... 2.678 105.5 106.2 4.8 1.4 0.4 1.1 0.7
47 Woodpulp and recovered paper........................ 0.573 97.0 98.8 3.3 1.2 1.3 0.8 1.9
48 Paper and paperboard; articles of paper
pulp, paper or paperboard.................... 1.501 105.9 106.4 6.2 2.1 0.2 1.3 0.5
49 Printed material.................................... 0.603 117.1 117.1 2.9 -0.3 0.3 0.4 0.0
XI TEXTILE AND TEXTILE ARTICLES.............................. 2.727 101.9 101.4 0.5 -0.1 -0.2 0.7 -0.5
52 Cotton, including yarns and woven fabrics thereof... 0.742 94.1 92.1 0.3 1.4 -1.7 1.8 -2.1
61 Apparel & clothing knitted
or crocheted (Dec. 2001=100)................. 0.321 94.6 94.6 -0.3 -0.1 0.0 0.0 0.0
2/ Other textile and textile articles (Dec. 2001=100).. 1.663 114.8 114.9 0.9 -0.7 0.4 0.4 0.1
XIII STONE, PLASTER, CEMENT, ASBESTOS,
CERAMICS, GLASS ETC................................. 0.826 104.1 104.1 0.8 -0.1 0.1 0.9 0.0
70 Glass and glassware................................. 0.465 95.4 95.5 -0.7 -0.1 0.2 0.3 0.1
XIV PEARLS, STONES, PRECIOUS METALS,
IMITATION JEWELRY, AND COINS........................ 3.012 143.2 137.6 27.4 3.0 5.8 5.4 -3.9
XV BASE METALS AND ARTICLES OF BASE METALS................... 5.533 152.3 154.8 18.1 2.3 2.5 2.4 1.6
72 Iron and steel...................................... 1.177 174.1 179.7 16.7 3.7 1.3 3.3 3.2
73 Articles of iron or steel........................... 1.306 134.5 135.6 8.6 1.0 0.3 0.1 0.8
74 Copper and articles thereof......................... 0.773 233.8 242.7 59.1 9.2 9.1 3.1 3.8
76 Aluminum and articles thereof....................... 0.971 146.0 136.2 21.8 -0.4 4.2 6.5 -6.7
82 Tools, implements, cutlery, spoons and
forks, of base metal; parts thereof.......... 0.415 110.6 111.3 6.4 0.1 0.3 0.0 0.6
83 Miscellaneous articles of base metal................ 0.442 123.8 125.7 7.3 1.3 0.6 0.7 1.5
XVI MACHINERY, ELECTRICAL EQUIPMENT, TV
IMAGE AND SOUND RECORDERS, PARTS, ETC............... 32.358 93.8 93.7 -0.6 0.1 0.0 0.0 -0.1
84 Machinery and mechanical appliances; parts thereof.. 18.003 101.5 101.7 1.6 0.3 0.2 0.0 0.2
85 Electrical machinery and equipment
and parts and accessories thereof............ 14.355 85.3 85.0 -3.4 -0.1 -0.1 -0.1 -0.4
XVII VEHICLES, AIRCRAFT, VESSELS AND
ASSOCIATED TRANSPORT EQUIPMENT...................... 13.356 111.5 111.7 2.5 0.2 0.1 0.1 0.2
87 Motor vehicles and their parts...................... 8.832 104.7 104.8 1.5 0.0 0.1 0.1 0.1
XVIII OPTICAL, PHOTO, MEASURING, MEDICAL &
MUSICAL INSTRUMENTS; & TIMEPIECES................... 6.309 102.4 101.5 -0.1 0.0 0.3 0.1 -0.9
XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 1.423 100.9 101.3 0.6 0.3 0.1 -0.1 0.4
94 Furniture; stuffed furnishings;
lamps and lighting fittings nesoi;........... 0.776 106.7 107.3 0.8 0.7 -0.1 -0.1 0.6
95 Toys, games and sports equipment; parts
and accessories thereof...................... 0.507 94.4 94.3 0.2 -0.5 0.1 0.2 -0.1
1 Relative importance figures are based on 2004 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
Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin
July 2005-July 2006 2000=100, unless otherwise noted
Index Percent Change
Annual Monthly
Percentage July March April May June
Description of 2005 2006 2006 2006 2006
June June July to to to to to
2006 2006 2006 July April May June July
1/ 2006 2006 2006 2006 2006
2/ Industrialized Countries............................ 46.371 117.6 117.5 5.8 1.1 2.0 0.5 -0.1
Nonmanufactured Articles....................... 3.994 193.1 199.6 14.8 6.8 6.6 -0.8 3.4
Manufactured Articles.......................... 41.944 111.8 111.2 4.5 0.4 1.5 0.7 -0.5
3/ Other Countries..................................... 53.651 115.3 117.1 8.0 2.6 1.6 -0.2 1.6
Nonmanufactured Articles....................... 9.299 214.1 225.4 26.6 8.9 3.8 -1.2 5.3
Manufactured Articles.......................... 44.152 101.3 101.6 2.8 0.8 0.9 0.2 0.3
Canada.............................................. 17.089 131.1 131.4 8.0 1.9 2.7 -0.1 0.2
Nonmanufactured Articles....................... 3.239 192.9 198.6 12.0 6.0 7.3 -0.9 3.0
Manufactured Articles.......................... 13.575 119.9 119.1 6.3 0.8 1.3 0.3 -0.7
4/ European Union...................................... 18.654 120.6 120.8 5.5 -0.6 3.1 0.0 0.2
Nonmanufactured Articles....................... 0.367 217.2 226.4 17.9 7.6 -1.1 -3.5 4.2
Manufactured Articles.......................... 18.150 118.5 118.5 4.8 -0.9 3.1 -0.1 0.0
France (Dec. 2003=100).............................. 1.971 103.6 103.8 2.0 0.0 0.4 0.5 0.2
Germany (Dec. 2003=100)............................. 5.187 103.7 104.3 0.7 0.4 0.6 0.5 0.6
United Kingdom (Dec. 2003=100)...................... 2.947 118.9 119.4 5.6 1.6 0.9 0.3 0.4
5/ Latin America....................................... 17.406 143.4 145.6 13.8 4.3 2.1 0.5 1.5
Nonmanufactured Articles....................... 4.158 216.6 227.7 26.6 10.1 2.2 -1.5 5.1
Manufactured Articles.......................... 13.173 129.9 129.8 8.6 1.8 2.2 1.4 -0.1
Mexico (Dec. 2003=100).............................. 10.594 119.5 121.5 8.4 3.0 1.5 -0.3 1.7
6/ Pacific Rim (Dec. 2003=100)......................... 34.090 98.7 98.8 -1.0 -0.1 0.0 0.2 0.1
China (Dec. 2003=100)............................... 13.773 97.4 97.2 -1.3 -0.2 -0.2 -0.1 -0.2
Japan............................................... 8.920 94.6 94.4 -1.8 -0.2 0.0 0.2 -0.2
7/ Asian NICs.......................................... 7.216 89.2 89.5 0.0 0.2 0.1 0.1 0.3
8/ ASEAN (Dec. 2003=100)............................... 6.086 97.6 98.1 0.4 0.1 0.1 0.4 0.5
9/ Asia Near East (Dec. 2003=100)...................... 3.547 186.2 192.8 18.2 6.0 3.9 0.8 3.5
1 Percentage of trade figures are based on 2004 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, Asia Newly Industrialized Countries, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea and Philippines.
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
Table 8 U.S. International Price Indexes and Percent Changes for Selected Transportation Services
July 2005-July 2006 2000=100, unless otherwise noted
Index Percent Change
Relative
import- Annual Monthly
ance July March April May June
Description 2005 2006 2006 2006 2006
June June July to to to to to
2006 2006 2006 July April May June July
1/ 2006 2006 2006 2006 2006
AIR FREIGHT
Import Air Freight................................ 100.000 135.2 133.6 n.a. 0.1 1.1 3.0 -1.2
Europe (Dec. 2003=100)....................... 38.722 131.5 130.5 n.a. 0.7 2.6 5.4 -0.8
Asia......................................... 49.540 119.8 117.5 n.a. -0.1 0.0 2.0 -1.9
Export Air Freight................................ 100.000 115.6 115.4 n.a. 0.0 0.8 1.0 -0.2
Inbound Air Freight............................... 100.000 129.2 128.1 n.a. 0.0 1.9 1.7 -0.9
Europe (Dec. 2003=100)....................... 39.141 125.8 124.8 n.a. 0.4 3.5 3.3 -0.8
Asia......................................... 48.621 112.7 111.5 n.a. -0.2 1.0 0.7 -1.1
Outbound Air Freight.............................. 100.000 117.1 116.3 n.a. 0.1 1.6 1.5 -0.7
Europe (Dec. 2003=100)....................... 42.406 133.6 131.4 n.a. 0.5 2.8 1.4 -1.6
Asia......................................... 42.499 109.2 109.3 n.a. -0.2 1.6 1.7 0.1
AIR PASSENGER FARES
Import Air Passenger Fares........................ 100.000 136.7 139.4 5.6 5.7 1.1 11.4 2.0
Europe....................................... 62.287 133.2 133.6 5.1 8.1 0.9 13.8 0.3
Asia......................................... 14.461 132.4 137.9 4.0 2.4 2.0 16.7 4.2
Latin America/Caribbean...................... 9.291 116.6 122.6 2.3 -0.2 2.7 1.0 5.1
Export Air Passenger Fares........................ 100.000 139.3 146.2 -0.7 0.7 5.6 0.1 5.0
Europe....................................... 31.542 169.5 185.1 -2.2 10.0 2.2 3.2 9.2
Asia......................................... 34.874 113.1 115.4 -4.9 -4.9 11.0 -3.6 2.0
Latin America/Caribbean...................... 17.550 149.1 158.3 4.1 1.3 1.2 0.5 6.2
Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000 121.0 128.2 1.8 2.6 5.5 1.2 6.0
Europe (Dec. 2003=100)....................... 41.379 123.5 136.7 0.1 11.1 2.4 4.1 10.7
Asia (Dec. 2003=100)......................... 29.303 110.4 112.2 -2.9 -4.7 11.8 -3.4 1.6
Latin America/Caribbean (Dec. 2003=100)...... 14.081 117.4 123.6 6.2 1.1 1.6 1.0 5.3
Canada (Dec. 2003=100)....................... 10.052 161.6 162.7 20.4 -4.6 6.9 3.8 0.7
Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000 128.7 131.0 5.0 5.4 1.2 9.1 1.8
Europe (Dec. 2003=100)....................... 53.790 139.1 139.6 5.0 8.4 0.8 14.0 0.4
Asia (Dec. 2003=100)......................... 15.380 120.9 124.8 0.2 3.2 3.9 10.0 3.2
Latin America/Caribbean (Dec. 2003=100)...... 17.896 109.9 112.7 4.4 1.2 1.2 0.2 2.5
Canada (Dec. 2003=100)....................... 8.199 155.4 158.3 23.5 2.0 2.9 1.3 1.9
CRUDE OIL TANKER FREIGHT
2/ Inbound Crude Oil Tanker Freight.................. 100.000 n.a. n.a. n.a. -6.1 -18.0 n.a. n.a.
OCEAN LINER FREIGHT
Inbound Ocean Liner Freight....................... 100.000 114.9 112.7 -12.2 0.0 -6.2 -2.3 -1.9
U.S. East Coast.............................. 40.595 120.2 118.2 -6.0 -0.1 -4.3 -0.7 -1.7
From Atlantic.......................... 17.710 120.3 120.3 -2.8 0.0 -8.0 -0.9 0.0
From Pacific........................... 16.497 120.2 119.9 -4.9 0.0 -1.7 -0.1 -0.2
U.S. West Coast.............................. 59.405 112.1 109.7 -16.0 0.0 -7.4 -3.3 -2.1
1 Relative importance figures are based on 2000 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
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) 691-7101.
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."
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.
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