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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-07-1033 Transmission of this material is embargoed until 8:30 A.M. E.D.T. Friday, July 13, 2007 U.S. IMPORT AND EXPORT PRICE INDEXES - JUNE 2007 The U.S. Import Price Index advanced 1.0 percent in June, the Bureau of Labor Statistics of the U.S. Department of Labor reported today, after a similar 1.1 percent increase the previous month. Higher petroleum prices drove the June rise. Export prices also continued to trend upward in June, increasing 0.3 percent following a 0.2 percent advance in May. Percent changes in import and export price indexes by End Use category - not seasonally adjusted IMPORTS Month All Imports 2006 June July August September October November December 0.1 0.8 0.5 -2.2 -2.5 0.4 1.1 2007 January February March April May June -1.2 0.4 1.6 1.4 1.1 r 1.0 June 2005-06 June 2006-07 7.4 2.3 Petroleum Imports -1.1 3.6 1.0 -11.0 -10.4 -1.6 4.0 -6.6 1.7 8.5 r 6.8 r 3.7 r 4.7 33.7 2.1 EXPORTS Nonpetroleum Imports 0.4 0.0 0.5 0.1 -0.6 1.0 0.5 -0.1 0.0 0.3 0.3 0.5 0.2 2.2 2.6 r = revised to reflect late reports and corrections by respondents. All Exports Agricultural Exports Nonagricultural Exports 0.7 0.4 0.4 -0.4 -0.3 0.4 0.6 2.6 1.9 0.9 -0.5 1.0 4.4 2.4 0.6 0.2 0.5 -0.4 -0.5 0.1 0.5 0.4 0.8 0.7 0.4 r 0.2 r 0.3 0.6 2.8 2.1 -1.4 0.1 r 2.9 0.5 0.6 0.6 r 0.5 0.2 0.1 4.2 4.1 0.2 18.5 4.6 2.9 2 Import Goods Import prices rose 1.0 percent in June, the fifth consecutive increase for the index. Petroleum prices were also up for the fifth month in a row, increasing 4.7 percent in June after a 3.7 percent advance the previous month. After declining at the end of 2006, the price index for import petroleum rose 28.1 percent from January through June. However, the index was only up 2.1 percent over the past year compared to a 33.7 percent increase over the previous 12 months. Nonpetroleum prices also advanced in June, rising 0.2 percent after advancing 0.5 percent in May. Prices for nonpetroleum imports increased 2.6 percent for the year ended in June, while overall import prices rose 2.3 percent for the same period. The June increase in nonpetroleum prices was led by a 0.5 percent rise in the price index for nonpetroleum industrial supplies and materials, which had risen 4.3 percent over the three months prior to June. Metal prices, which drove the increases in March, April, and May, continued to rise, but a turnaround in building materials prices also contributed to the June increase. Advances in the price indexes for capital goods, automotive vehicles, and foods, feeds, and beverages also factored into the overall increase in nonpetroleum import prices. Capital goods prices rose 0.2 percent, the first increase for the index since a 0.1 percent uptick in December 2006. Prices for automotive vehicles advanced 0.1 percent for the third consecutive month. Foods, feeds, and beverages prices edged up 0.2 percent, following increases of 0.9 percent and 1.4 percent, respectively, in May and April. The price index for consumer goods was unchanged in June, the fifth consecutive month the index has recorded little change. Export Goods Export prices increased 0.3 percent in June following a 0.2 percent rise in May and a 0.4 percent advance in April. The June rise was mostly led by a 2.9 percent increase in agricultural prices, which resumed an upward trend after declining 1.4 percent in April and recording little movement in May. A sharp rise in soybean prices led the June advance, although higher prices for corn, meat, and agricultural industrial supplies and materials contributed as well. Prices for agricultural exports rose 18.5 percent over the past year. Nonagricultural prices also increased in June by 0.1 percent. For the June 20062007 period, nonagricultural prices rose 2.9 percent while overall export prices increased 4.1 percent. The June advance in nonagricultural prices was driven mostly by a 0.3 percent rise in the price index for nonagricultural industrial supplies and materials. Higher chemicals and fuel prices were the largest contributors to the increase. Prices for each of the major finished goods categories exhibited little movement in June, with the price index for automotive vehicles ticking up 0.1 percent, while prices for capital goods and consumer goods were each unchanged. Consumer goods prices had increased 0.3 percent and 0.6 percent, respectively, in May and April. 3 Imports by Locality of Origin Import prices from China increased 0.3 percent for the second consecutive month and were up 0.6 percent over the past year. The June increase was the third monthly advance in the past four months, a turnaround from the declining trend dating back to when the index was first published in December 2003. Prices for imports from Mexico, Canada, and the European Union all increased in June, led in each case by higher petroleum prices. Import prices from Mexico rose 1.9 percent for the month and 5.8 percent for the year ended in June. The price index for imports from Canada increased 1.3 percent in June and 4.1 percent over the past 12 months. June prices for imports from the European Union advanced 0.4 percent. The index increased 2.1 percent for the June 2006-2007 period. Import prices from Japan also rose in June, edging up 0.1 percent. Despite the increase, the index declined 0.7 percent over the past year. Import and Export Services Export travel and tourism prices, which are lagged one month, were unchanged in May after increasing 0.2 percent, 2.2 percent, and 2.4 percent over the previous three months. Import air passenger fares jumped 13.4 percent in June, driven by advances of 17.9 percent and 16.7 percent, respectively, in European and Asian fares. In contrast, export air passenger fares declined 1.5 percent in June after rising 3.9 percent in May. Despite the June decrease, the index for export air passenger fares rose 5.7 percent over the past year. Prices for both import and export air freight fell in June, declining 0.2 percent and 0.4 percent, respectively. For the year ended in June, import air freight prices decreased 2.1 percent while export air freight prices advanced 0.9 percent. CONTENTS OF RELEASE This news release includes the following tables: Table 1 U.S. Import Price Indexes, by End Use.....page 4 Table 2 U.S. Export Price Indexes, by End Use.....page 5 Table 3 U.S. Import Price Indexes, by NAICS.....page 6 Table 4 U.S. Export Price Indexes, by NAICS.....page 7 Table 5 U.S. Import Price Indexes, by Harmonized System.....pages 8-9 Table 6 U.S. Export Price Indexes, by Harmonized System.....pages 10-11 Table 7 U.S. Import Price Indexes, by Locality of Origin.....page 12 Table 8 U.S. International Price Indexes for Selected Transportation Services.....page 13 Table 9 U.S. Export Price Indexes for Travel and Tourism Services….page 14 Table 10 U.S. Export Price Indexes for Post-secondary Education Services…..page 14 ------------------------------------------------------------------Import and Export Price Index data for July 2007 are scheduled for release on August 10 at 8:30 A.M. (E.D.T.). 4 Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods June 2006-June 2007 2000=100, unless otherwise noted Index Relative Importance END USE Description Percent Change Annual Monthly June Feb. March April 2006 2007 2007 2007 to to to to June March April May 2007 2007 2007 2007 May 2007 to June 2007 May 2007 1/ May 2007 June 2007 ALL COMMODITIES............................................................ ALL IMPORTS EXCLUDING PETROLEUM......................... ALL IMPORTS EXCLUDING FUELS (Dec. 2001=100)........................................................... 100.000 81.260 118.8 106.7 120.0 106.9 2.3 2.6 1.6 0.3 1.4 0.3 1.1 0.5 1.0 0.2 78.771 109.1 109.3 2.0 0.2 0.3 0.4 0.2 FOODS, FEEDS, & BEVERAGES..................................... 4.372 127.4 127.6 8.1 -0.2 1.4 0.9 0.2 Agricultural foods, feeds & beverages, excluding distilled beverages................................ 3.334 139.1 139.5 10.0 -0.2 1.9 1.1 0.3 Nonagricultural foods (fish, distilled beverages)........... 1.038 101.2 100.9 2.4 0.2 -0.4 0.3 -0.3 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............ 36.711 181.2 186.0 4.4 4.8 3.9 2.7 2.6 17.971 143.2 143.9 7.5 1.5 1.1 1.7 0.5 15.482 150.5 151.3 5.3 1.0 1.2 1.7 0.5 10.171 147.1 148.6 6.8 1.3 1.9 2.4 1.0 7.801 137.5 137.3 8.4 1.6 0.1 0.8 -0.1 Fuels & lubricants........................................................ Petroleum & petroleum products............................. Crude............................................................... 21.230 18.741 12.929 229.8 236.6 233.7 239.6 247.8 247.9 4.1 2.1 1.9 8.0 8.5 6.1 6.0 6.8 6.8 3.5 3.7 3.5 4.3 4.7 6.1 Fuels, n.e.s.-coals & gas......................................... 2.063 179.9 181.1 15.4 4.4 -2.1 2.2 0.7 Gas-natural...................................................... 1.900 176.5 177.4 17.6 4.8 -2.5 2.2 0.5 11 Paper & paper base stocks.......................................... 0.832 110.6 110.9 -0.4 0.1 -0.8 0.0 0.3 12 Materials associated with nondurable supplies & materials............................................. 4.561 124.8 124.1 2.9 0.2 0.2 0.4 -0.6 13 Selected building materials.......................................... 1.887 111.6 113.5 -3.2 0.4 0.4 -0.3 1.7 14 Unfinished metals related to durable goods................. 4.855 217.0 219.9 13.8 2.6 3.2 3.6 1.3 15 Finished metals related to durable goods.................... 1.753 133.2 134.1 7.0 0.6 2.0 4.1 0.7 16 Nonmetals related to durable goods............................ 1.594 101.6 101.6 0.5 -0.2 -0.3 0.1 0.0 CAPITAL GOODS............................................................. 21.557 90.9 91.1 -0.1 -0.1 -0.2 0.0 0.2 20 Electric generating equipment..................................... 2.647 105.2 105.6 3.4 0.2 0.5 0.4 0.4 21 Nonelectrical machinery............................................... 17.258 86.9 87.1 -0.8 -0.2 -0.3 0.0 0.2 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)........................... 1.653 110.7 110.9 2.8 0.1 0.5 0.1 0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES.............. 13.829 104.6 104.7 0.8 0.0 0.1 0.1 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES......................................................... 23.531 101.3 101.3 1.5 0.1 0.0 0.0 0.0 40 Nondurables, manufactured......................................... 10.877 104.1 104.2 1.6 0.1 0.0 0.0 0.1 41 Durables, manufactured............................................... 11.487 98.1 98.1 1.1 0.2 -0.2 0.0 0.0 42 Nonmanufactured consumer goods............................. 1.167 102.3 102.4 3.9 0.1 0.1 0.0 0.1 0 00 01 1 10 100 10000 101 10110 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 June 2006-June 2007 2000=100, unless otherwise noted Index Relative Importance END USE Description Percent Change Annual Monthly June Feb. March April 2006 2007 2007 2007 to to to to June March April May 2007 2007 2007 2007 May 2007 to June 2007 May 2007 1/ May 2007 June 2007 ALL COMMODITIES................................................................. AGRICULTURAL COMMODITIES............................................ NONAGRICULTURAL COMMODITIES.................................... 100.000 8.254 91.745 115.4 143.0 113.4 115.8 147.1 113.5 4.1 18.5 2.9 0.7 2.1 0.6 0.4 -1.4 0.5 0.2 0.1 0.2 0.3 2.9 0.1 FOODS, FEEDS, & BEVERAGES......................................... 7.579 145.2 148.6 18.3 2.4 -1.1 -0.1 2.3 Agricultural foods, feeds & beverages, excluding distilled beverages..................................... 6.887 147.1 151.0 20.1 2.5 -1.6 0.2 2.7 Nonagricultural foods (fish, distilled beverages)................ 0.692 129.7 128.0 2.4 1.9 4.6 -3.1 -1.3 INDUSTRIAL SUPPLIES & MATERIALS............................... INDUSTRIAL SUPPLIES & MATERIALS, DURABLE..................................................................... INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE.............................................................. 30.095 147.8 148.6 7.1 1.7 1.2 0.3 0.5 12.007 160.9 160.9 10.1 2.3 0.6 -0.1 0.0 18.089 140.9 142.1 5.3 1.4 1.6 0.8 0.9 Agricultural industrial supplies & materials........................ 1.367 126.0 130.7 11.4 0.4 -0.3 -0.7 3.7 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS........................................................... 28.728 149.3 149.8 6.8 1.8 1.3 0.5 0.3 11 Fuels & lubricants............................................................. 4.454 198.7 200.2 2.0 3.7 5.2 0.1 0.8 12 Nonagricultural supplies & materials excluding fuels & building materials........................... 23.159 145.1 145.4 7.9 1.6 0.6 0.5 0.2 Selected building materials............................................... 1.115 113.4 114.9 4.6 0.4 0.2 0.4 1.3 CAPITAL GOODS.................................................................. 39.320 99.4 99.4 1.0 0.0 0.1 0.1 0.0 20 Electrical generating equipment........................................ 3.692 106.4 106.6 1.7 0.1 0.5 -0.1 0.2 21 Nonelectrical machinery................................................... 28.506 92.8 92.8 0.1 0.1 -0.1 0.1 0.0 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)................................ 7.122 121.8 122.0 4.2 0.2 0.6 0.0 0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 10.508 106.0 106.1 1.1 0.1 0.1 0.0 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES.............................................................. 12.497 105.7 105.7 2.1 0.0 0.6 0.3 0.0 40 Nondurables, manufactured.............................................. 5.936 106.3 106.4 3.0 -0.1 0.7 0.6 0.1 41 Durables, manufactured................................................... 5.485 104.1 103.6 1.2 0.1 0.6 0.1 -0.5 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 June 2006-June 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Importance NAICS Description Annual Monthly June Feb. March April 2006 2007 2007 2007 to to to to June March April May 2007 2007 2007 2007 May 2007 to June 2007 May 2007 1/ May 2007 June 2007 Nonmanufactured Articles...................................................... 17.342 110.7 115.6 4.0 4.9 5.5 3.0 4.4 11 111 AGRICULTURE AND LIVESTOCK PRODUCTS........... Agricultural products.................................................. 1.534 1.051 114.2 112.8 112.0 111.3 13.7 21.5 -1.1 -1.9 3.1 4.6 0.6 -0.1 -1.9 -1.3 21 212 OIL, GAS, MINERALS AND ORES................................ Minerals and ores (Dec. 2006=100)........................... 15.808 0.400 110.4 102.1 115.9 102.7 3.2 n.a. 5.5 -0.8 5.8 1.2 3.2 0.3 5.0 0.6 Manufactured Articles............................................................ 82.054 105.2 105.6 2.2 1.1 0.5 0.7 0.4 31 311 312 313 314 315 316 MANUFACTURED GOODS, PART 1............................. Food and kindred products......................................... Beverages and tobacco products............................... Textiles and fabrics.................................................... Textile mill products................................................... Apparel and accessories............................................ Leather and allied products........................................ 10.320 2.431 0.809 0.499 0.777 4.321 1.483 103.3 109.5 102.9 105.7 100.4 100.9 101.5 103.7 110.7 103.0 106.6 100.6 100.9 101.7 2.9 8.1 2.1 3.1 0.3 1.1 1.1 0.3 0.6 0.0 0.4 -0.2 0.5 0.0 0.3 0.7 -0.1 0.3 -0.3 0.2 0.2 0.5 1.6 0.3 0.1 0.0 0.2 0.0 0.4 1.1 0.1 0.9 0.2 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..................................... 18.010 1.202 1.354 4.708 7.843 1.689 1.107 108.5 90.4 103.5 118.3 109.0 103.4 105.4 109.2 92.8 103.8 121.0 108.6 103.4 105.6 3.2 -5.5 0.0 0.7 7.4 1.8 2.3 3.9 0.1 0.1 16.9 0.4 0.2 0.2 1.7 0.9 -0.7 5.6 0.7 -0.2 0.1 1.2 -0.3 0.0 4.3 0.3 0.1 0.5 0.6 2.7 0.3 2.3 -0.4 0.0 0.2 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................. 53.724 5.722 2.545 6.698 14.177 3.661 14.556 1.471 4.894 104.6 149.9 107.7 105.1 94.7 105.7 101.1 101.1 105.9 104.8 151.5 108.1 105.8 94.6 106.0 101.2 101.2 106.0 1.8 14.0 5.0 3.5 -3.6 3.4 0.9 0.9 3.6 0.2 2.3 0.7 0.3 -0.3 0.2 0.0 0.1 0.2 0.2 3.3 0.3 0.3 -0.6 0.2 0.1 -0.1 0.0 0.6 4.5 0.7 0.3 -0.3 0.3 0.1 0.1 0.0 0.2 1.1 0.4 0.7 -0.1 0.3 0.1 0.1 0.1 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 June 2006-June 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Importance NAICS Description Annual Monthly June Feb. March April 2006 2007 2007 2007 to to to to June March April May 2007 2007 2007 2007 May 2007 to June 2007 May 2007 1/ May 2007 June 2007 Nonmanufactured Articles...................................................... 6.069 114.0 115.9 9.9 1.7 -1.7 -1.0 1.7 11 111 AGRICULTURE AND LIVESTOCK PRODUCTS........... Agricultural products.................................................. 4.408 3.987 120.1 121.3 123.5 125.4 17.6 19.7 2.9 2.9 -2.7 -3.9 -1.2 -0.4 2.8 3.4 21 211 212 OIL, GAS, MINERALS AND ORES................................ Oil and gas................................................................. Minerals and ores....................................................... 1.661 0.587 1.074 100.6 102.3 99.8 99.2 95.9 101.0 -7.0 18.4 -14.7 -1.2 -5.6 1.2 1.1 6.7 -1.8 -0.3 -1.7 0.5 -1.4 -6.3 1.2 Manufactured Articles............................................................ 90.764 105.2 105.5 2.7 0.5 0.6 0.5 0.3 31 311 312 313 315 MANUFACTURED GOODS, PART 1............................. Food and kindred products......................................... Beverages and tobacco products............................... Textiles and fabrics.................................................... Apparel and accessories............................................ 6.736 4.153 0.491 0.967 0.556 108.7 114.8 102.9 98.4 100.3 110.0 117.0 103.0 98.4 100.6 10.4 17.1 2.4 2.0 0.6 0.8 1.2 1.3 0.1 0.1 0.2 0.4 -0.2 0.2 -0.1 0.7 1.1 0.8 0.0 0.0 1.2 1.9 0.1 0.0 0.3 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..................................... 22.647 0.562 2.105 2.540 14.183 2.297 0.853 108.8 109.6 109.0 121.6 107.8 103.4 106.2 109.5 111.0 109.3 125.6 108.1 104.0 105.5 3.6 7.9 3.4 1.2 4.3 1.6 3.1 1.0 1.7 -0.1 7.2 0.6 -0.2 0.1 1.4 0.3 0.4 7.1 0.9 0.0 0.2 0.7 0.2 0.3 0.0 1.2 -0.5 0.6 0.6 1.3 0.3 3.3 0.3 0.6 -0.7 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................. 61.381 4.302 2.846 12.153 17.166 3.597 16.522 4.453 103.5 126.7 113.3 104.8 96.4 103.9 103.9 103.6 103.5 126.7 113.4 104.8 96.3 104.1 104.1 103.9 1.7 6.7 7.7 3.4 -2.5 2.8 2.5 2.0 0.3 3.1 0.6 0.3 -0.1 0.1 0.1 0.2 0.2 1.2 1.1 0.2 -0.2 0.4 0.2 0.5 0.4 2.5 2.4 0.3 0.0 0.0 0.1 0.0 0.0 0.0 0.1 0.0 -0.1 0.2 0.2 0.3 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 June 2006-June 2007 2000=100, unless otherwise noted Index Harmonized System I 02 03 II 07 08 09 IV 20 22 V 27 VI 28 29 30 32 33 38 VII 39 40 VIII 42 IX X 48 49 XI 61 62 63 XII 64 Percent Change Relative Importance Description Annual Monthly June Feb. March April 2006 2007 2007 2007 to to to to June March April May 2007 2007 2007 2007 May 2007 to June 2007 May 2007 1/ May 2007 June 2007 LIVE ANIMALS; ANIMAL PRODUCTS.............................. Meat and edible meat offal........................................... Fish and crustaceans, molluscs and other aquatic invertebrates................................... 1.188 0.309 126.3 145.4 125.7 145.0 6.3 5.7 0.4 -0.1 0.7 0.7 2.4 1.5 -0.5 -0.3 0.596 100.7 99.1 2.6 1.2 -0.4 0.3 -1.6 VEGETABLE PRODUCTS................................................ Edible vegetables, roots, and tubers............................ Edible fruit and nuts; peel of citrus fruit or melons....................................................... Coffee, tea, mate and spices....................................... 1.161 0.323 129.5 189.3 130.3 177.2 20.0 23.4 -1.7 -4.7 5.3 14.6 -1.1 -7.7 0.6 -6.4 0.338 0.233 88.7 135.2 91.1 144.6 11.5 27.5 -0.1 -2.0 3.6 0.2 4.1 -0.1 2.7 7.0 2.051 123.5 124.1 3.6 0.5 0.2 0.6 0.5 0.265 0.785 121.8 111.8 122.9 112.2 4.2 1.8 0.7 0.5 0.1 0.3 0.0 0.4 0.9 0.4 20.913 226.4 236.6 3.2 7.7 5.7 3.4 4.5 20.527 226.0 236.3 3.2 7.9 5.8 3.5 4.6 PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO............................................................... Preparations of vegetables, fruit, nuts, or other parts of plants................................. Beverages, spirits, and vinegar.................................... MINERAL PRODUCTS...................................................... Mineral fuels, oils and residuals, bituminous substances and mineral wax............... PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES........................................................... Inorganic chemicals..................................................... Organic chemicals....................................................... Pharmaceutical products............................................. Tanning & dyeing extracts; dye & pigments; varnish & paints; putty.......................... Essential oils and resinoids (Dec. 2001=100).............. Miscellaneous chemical products................................ 7.144 0.927 2.585 1.982 122.5 207.4 122.1 107.4 121.5 203.4 119.2 107.8 6.1 33.8 1.0 1.2 0.3 2.8 -0.1 -0.6 0.7 4.8 -0.5 0.0 0.2 -0.4 0.2 0.2 -0.8 -1.9 -2.4 0.4 0.176 0.414 0.422 101.4 113.7 96.0 101.7 113.8 96.3 2.9 6.6 4.2 0.3 1.2 -0.4 -0.1 0.3 -0.3 -0.4 1.3 2.0 0.3 0.1 0.3 PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF..................................... Plastics and articles thereof......................................... Rubber and articles thereof.......................................... 2.926 1.888 1.038 121.7 118.4 128.2 122.1 119.1 128.0 1.7 1.8 1.3 0.2 0.3 0.2 0.1 0.1 0.2 0.5 0.4 0.5 0.3 0.6 -0.2 0.595 106.7 106.9 1.6 0.1 0.5 0.2 0.2 0.517 106.7 107.0 1.8 0.3 0.5 0.1 0.3 1.269 111.4 113.8 -5.7 0.4 0.8 -0.4 2.2 1.541 107.8 108.0 0.1 0.2 -0.6 0.0 0.2 1.053 0.275 103.9 115.3 103.9 115.6 -2.4 2.0 0.1 0.3 -1.0 0.2 -0.1 0.1 0.0 0.3 5.413 102.0 102.1 1.4 0.4 0.1 0.3 0.1 1.932 100.4 100.3 0.2 0.1 0.2 0.0 -0.1 2.189 0.526 101.1 93.9 101.2 93.9 2.0 0.2 1.0 -0.2 0.2 -0.5 0.3 0.0 0.1 0.0 1.238 1.045 101.7 101.4 101.7 101.5 1.1 0.5 0.2 -0.1 0.1 0.0 0.1 0.0 0.0 0.1 RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC........................................... Articles of leather; travel goods, bags, etc. of various materials........................................ WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK..................... WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS................................................... Paper and paperboard; articles of paper pulp, paper or paperboard..................................... Printed matter.............................................................. TEXTILE AND TEXTILE ARTICLES.................................. Articles of apparel and clothing accessories, knitted or crocheted......................... Articles of apparel and clothing accessories, not knitted or crocheted.................... Made-up or worn textile articles................................... HEADGEAR, UMBRELLAS, ARTIFICIAL FLOWERS, ETC..................................... Footwear and parts of such articles............................ See footnotes at end of table 9 Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods June 2006-June 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 May 2007 1/ STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC......................................... Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100).................... Ceramic products...................................................... Glass and glassware................................................. PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ BASE METALS AND ARTICLES OF BASE METAL....... Iron and steel............................................................ Articles of iron or steel............................................... Copper and articles thereof....................................... Aluminum and articles thereof................................... Tools, implements, cutlery, spoons and forks, of base metal; parts thereof...................... Miscellaneous articles of base metal......................... MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC....... Machinery and mechanical appliances; parts thereof Electrical machinery and equip, sound and TV recorders & reproducers, parts............... VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT.............. Motor vehicles and their parts.................................... Aircraft, spacecraft, and parts thereof (Dec. 2002=100)..................................... OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES............. Optical, photographic, measuring and medical instruments........................................... Clocks and watches and parts thereof....................... MISCELLANEOUS MANUFACTURED ARTICLES......... Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldg...................... Toys, games and sports equipment; parts and accessories thereof..................................... Miscellaneous manufactured articles......................... May 2007 June 2007 Percent Change Annual June 2006 to June 2007 Feb. 2007 to March 2007 Monthly March 2007 to April 2007 April 2007 to May 2007 May 2007 to June 2007 0.966 110.4 110.5 1.7 0.4 0.2 0.6 0.1 0.336 0.305 0.325 102.7 116.6 111.1 102.7 116.6 111.3 -0.6 4.4 1.5 0.2 0.4 0.6 -0.2 0.1 0.6 0.0 1.7 0.4 0.0 0.0 0.2 2.867 133.4 132.5 5.9 1.7 -0.7 1.1 -0.7 6.803 1.549 1.457 0.930 1.132 174.4 200.2 128.0 306.0 147.9 177.0 207.1 128.5 307.6 147.5 12.1 19.2 2.7 5.5 -1.7 1.4 3.0 0.4 1.0 -0.5 3.0 2.8 0.3 11.4 -0.1 3.3 0.5 0.5 15.3 1.4 1.5 3.4 0.4 0.5 -0.3 0.356 0.476 108.1 124.6 107.9 125.0 0.2 5.5 0.0 0.2 0.1 -1.0 0.1 0.2 -0.2 0.3 24.258 12.526 87.6 88.0 87.7 88.2 -0.5 -0.1 -0.1 -0.3 -0.2 -0.1 0.0 0.0 0.1 0.2 11.732 87.2 87.3 -0.7 -0.1 -0.3 0.0 0.1 12.650 11.676 105.7 104.9 105.9 105.0 1.0 0.7 0.1 0.0 0.1 0.0 0.1 0.2 0.2 0.1 0.862 108.8 108.9 2.2 0.1 0.6 0.1 0.1 2.978 99.2 99.4 -0.2 0.2 0.2 -0.1 0.2 2.644 0.245 97.4 115.9 97.7 116.1 -0.6 3.8 0.1 0.6 0.3 -0.2 -0.2 0.1 0.3 0.2 3.817 100.9 101.0 1.5 0.1 0.1 -0.1 0.1 2.170 104.4 104.4 1.1 0.1 0.1 -0.1 0.0 1.437 0.210 96.1 106.4 96.1 106.5 1.9 3.7 0.1 -0.1 0.1 0.3 0.1 -0.2 0.0 0.1 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 June 2006-June 2007 2000=100, unless otherwise noted Index Harmonized System I 02 03 II 08 10 12 IV 21 23 V 27 VI 28 29 30 32 33 34 38 VII 39 40 VIII IX X Percent Change Relative Importance Description Annual Monthly June Feb. March April 2006 2007 2007 2007 to to to to June March April May 2007 2007 2007 2007 May 2007 to June 2007 May 2007 1/ May 2007 June 2007 LIVE ANIMALS; ANIMAL PRODUCTS.............................. Meat & edible meat offal (Dec. 2006=100)................... Fish and crustaceans, molluscs and other aquatic invertebrates................................... 1.570 0.813 150.2 119.3 153.3 125.3 22.5 n.a. 3.2 3.8 1.6 1.2 0.5 3.7 2.1 5.0 0.425 125.9 123.9 0.9 2.4 5.9 -4.2 -1.6 VEGETABLE PRODUCTS................................................ Edible fruit and nuts; peel of citrus fruit or melons....................................................... Cereals........................................................................ Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder.............................. 4.059 154.8 159.4 21.7 3.0 -3.0 -0.6 3.0 0.681 1.817 121.1 174.3 117.7 179.2 2.8 30.9 -1.2 3.7 11.8 -10.0 -3.7 5.4 -2.8 2.8 1.033 143.8 157.4 29.5 1.3 1.2 -3.2 9.5 2.305 0.424 120.7 111.7 120.7 111.1 7.3 2.8 0.7 0.7 0.1 -0.1 0.1 0.0 0.0 -0.5 0.484 142.1 143.6 13.2 0.1 -0.4 -0.5 1.1 4.411 241.5 243.9 2.3 3.5 4.5 0.4 1.0 3.672 228.3 230.9 5.1 3.7 6.2 -0.6 1.1 11.737 1.105 3.878 2.501 128.4 149.3 148.3 113.4 128.7 148.9 149.0 113.5 4.8 -4.1 8.7 4.0 0.6 0.9 1.9 -0.4 0.6 -0.6 1.4 0.2 1.3 -1.5 4.2 0.5 0.2 -0.3 0.5 0.1 0.593 113.2 113.3 2.3 0.5 -0.1 -0.4 0.1 0.684 116.9 117.2 2.1 -0.2 -0.1 0.8 0.3 0.406 1.677 110.5 119.3 110.6 119.7 1.0 7.3 0.0 0.1 -0.3 0.3 0.5 -0.2 0.1 0.3 PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF..................................... Plastics and articles thereof......................................... Rubber and articles thereof.......................................... 5.456 4.369 1.087 130.7 126.6 148.1 131.4 127.4 148.1 2.1 1.4 4.6 0.2 0.1 0.5 0.6 0.6 1.0 0.8 1.0 0.1 0.5 0.6 0.0 RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC........................................... 0.485 124.5 124.0 6.2 -0.1 -0.3 -0.3 -0.4 WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK..................... 0.732 113.1 113.8 5.6 1.1 0.3 0.0 0.6 PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO............................................................... Miscellaneous edible preparations............................... Residues and waste from the food industries; prepared animal feed........................... MINERAL PRODUCTS...................................................... Mineral fuels, oils and residuals, bituminous substances and mineral wax............... PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES........................................................... Inorganic chemicals..................................................... Organic chemicals....................................................... Pharmaceutical products............................................. Tanning or dyeing extracts, dyes, paints, varnish, putty, & inks................................. Essential oils and resinoids; perfumery, cosmetic or toilet................................. Soap; lubricants; waxes, polishing or scouring products; candles, pastes....................... Miscellaneous chemical products................................ 2.675 0.650 109.8 110.3 110.4 112.7 4.6 16.2 0.0 -0.3 0.1 -2.4 -0.1 -1.5 0.5 2.2 49 WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS................................................... Woodpulp and recovered paper................................... Paper and paperboard; articles of paper pulp, paper or paperboard..................................... Printed material........................................................... 1.451 0.574 108.5 116.0 108.2 117.0 2.2 -0.1 0.2 0.2 0.7 1.3 0.3 1.0 -0.3 0.9 XI 52 TEXTILE AND TEXTILE ARTICLES.................................. Cotton, including yarns and woven fabrics thereof....... 2.399 0.632 100.9 90.2 102.0 92.7 0.1 -1.6 0.3 0.7 -0.3 -0.8 -1.4 -3.7 1.1 2.8 47 48 See footnotes at end of table 11 Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods June 2006-June 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 May 2007 1/ May 2007 June 2007 Percent Change Annual June 2006 to June 2007 Feb. 2007 to March 2007 Monthly March 2007 to April 2007 April 2007 to May 2007 May 2007 to June 2007 STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC......................................... Glass and glassware................................................. 0.799 0.427 108.0 96.0 108.5 95.9 4.2 0.5 -0.2 0.0 0.5 0.0 0.0 0.1 0.5 -0.1 PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 3.577 163.1 163.0 15.0 2.9 -0.2 -5.0 -0.1 6.144 1.581 1.493 0.683 1.063 169.0 203.7 151.6 242.4 150.7 168.7 202.9 151.7 242.5 149.5 11.1 16.8 12.7 5.2 2.4 2.4 5.0 1.3 3.0 0.2 1.6 4.5 0.1 3.1 0.1 2.2 1.7 4.9 1.0 1.4 -0.2 -0.4 0.1 0.0 -0.8 0.406 0.406 114.6 127.3 114.6 127.6 3.6 3.1 0.1 0.6 0.5 0.5 0.0 0.2 0.0 0.2 31.877 18.239 94.2 102.4 94.2 102.5 0.4 1.0 0.0 -0.1 0.1 -0.1 0.1 0.1 0.0 0.1 13.638 85.2 85.1 -0.2 0.2 0.4 0.0 -0.1 VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT.............. Motor vehicles and their parts.................................... 13.761 8.873 113.5 105.6 113.7 105.7 2.0 1.1 0.1 0.0 0.0 0.1 0.2 0.1 0.2 0.1 OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES............. 6.195 103.4 103.4 1.0 0.2 -0.1 0.1 0.0 1.453 104.7 104.9 3.8 0.4 1.6 0.1 0.2 0.800 113.3 113.7 6.3 0.4 0.3 0.1 0.4 0.487 89.6 89.6 -5.1 0.8 3.2 0.0 0.0 BASE METALS AND ARTICLES OF BASE METALS..... Iron and steel............................................................ Articles of iron or steel............................................... Copper and articles thereof....................................... Aluminum and articles thereof................................... Tools, implements, cutlery, spoons and forks, of base metal; parts thereof...................... Miscellaneous articles of base metal......................... MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC.. Machinery and mechanical appliances; parts thereof Electrical machinery and equipment and parts and accessories thereof...................... MISCELLANEOUS MANUFACTURED ARTICLES......... Furniture; stuffed furnishings; lamps and lighting fittings nesoi;......................... Toys, games and sports equipment; parts and accessories thereof..................................... 1 Relative importance figures are based on 2005 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 12 Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin June 2006-June 2007 2000=100, unless otherwise noted Index Description Percentage of U.S. Imports 1/ Percent Change Annual June Feb. 2006 2007 to to June March 2007 2007 Monthly March 2007 to April 2007 April 2007 to May 2007 May 2007 to June 2007 May 2007 June 2007 44.813 4.582 39.766 120.1 198.7 113.9 121.0 205.0 114.5 3.1 7.9 2.4 1.3 5.5 0.8 0.6 1.8 0.4 1.3 5.2 0.8 0.7 3.2 0.5 Nonmanufactured Articles....................................... Manufactured Articles.............................................. 55.204 11.023 43.982 116.3 210.4 103.1 118.2 220.9 103.7 2.3 2.6 2.5 1.8 4.5 1.1 1.6 6.7 0.3 1.2 2.5 0.8 1.6 5.0 0.6 Canada......................................................................... Nonmanufactured Articles....................................... Manufactured Articles.............................................. 17.052 3.871 12.851 134.3 198.1 122.7 136.0 203.3 123.7 4.1 7.5 3.1 1.6 5.4 0.3 1.6 0.9 1.8 1.5 4.5 0.8 1.3 2.6 0.8 4/ European Union............................................................ Nonmanufactured Articles....................................... Manufactured Articles.............................................. 17.908 0.389 17.406 122.4 249.8 119.9 122.9 263.8 120.1 2.1 13.8 1.8 0.4 6.5 0.3 -0.1 4.5 -0.2 1.0 16.5 0.5 0.4 5.6 0.2 France (Dec. 2003=100)............................................... 1.888 108.9 109.5 5.5 -0.1 -0.1 1.4 0.6 Germany (Dec. 2003=100)........................................... 5.008 107.4 107.8 4.0 0.4 0.5 0.4 0.4 United Kingdom (Dec. 2003=100)................................. 2.845 121.7 122.6 2.3 1.1 0.8 2.8 0.7 5/ Latin America............................................................... Nonmanufactured Articles....................................... Manufactured Articles.............................................. 17.619 4.822 12.721 144.0 217.1 130.5 146.7 226.8 131.4 2.7 4.4 1.9 2.5 3.5 2.1 1.4 6.3 -0.6 2.9 2.5 3.1 1.9 4.5 0.7 Mexico (Dec. 2003=100)............................................... 10.163 123.8 126.1 5.8 1.2 2.2 0.7 1.9 6/ Pacific Rim (Dec. 2003=100)........................................ 33.452 98.3 98.6 -0.1 0.0 0.0 0.1 0.3 China (Dec. 2003=100)................................................ 14.941 97.7 98.0 0.6 0.2 0.0 0.3 0.3 Japan........................................................................... 8.308 93.9 94.0 -0.7 0.1 0.0 0.0 0.1 7/ Asian NICs................................................................... 6.124 88.2 88.5 -0.8 0.0 -0.5 -0.1 0.3 8/ ASEAN (Dec. 2003=100).............................................. 5.993 96.2 96.4 -1.2 -0.3 -0.7 0.2 0.2 9/ Asia Near East (Dec. 2003=100).................................. 3.765 184.2 190.9 1.3 5.0 2.8 3.5 3.6 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 Asian Newly Industrialized Countries. 7 Asian 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 June 2006-June 2007 2000=100, unless otherwise noted Index Percent Change Relative Importance Description May 2007 1/ May 2007 June 2007 Annual June 2006 to June 2007 Monthly Feb. March April 2007 2007 2007 to to to March April May 2007 2007 2007 May 2007 to June 2007 AIR FREIGHT Import Air Freight..................................................... Europe (Dec. 2003=100)..................................... Asia..................................................................... 100.000 28.202 60.927 132.5 132.3 114.8 132.3 132.3 114.5 -2.1 0.6 -4.4 -0.1 0.2 -0.2 0.3 -1.0 0.9 1.1 3.3 0.1 -0.2 0.0 -0.3 Export Air Freight..................................................... Europe (Dec. 2006=100)..................................... 100.000 39.052 117.5 100.9 117.0 100.4 0.9 n.a. 0.0 0.0 0.3 -0.5 0.2 0.2 -0.4 -0.5 Inbound Air Freight................................................... Europe (Dec. 2003=100)..................................... Asia..................................................................... 100.000 30.125 57.111 127.5 127.6 109.3 127.3 127.6 108.9 -1.5 1.4 -3.4 0.0 0.3 -0.1 0.2 -0.7 0.7 0.5 2.4 -0.5 -0.2 0.0 -0.4 Outbound Air Freight................................................ Europe (Dec. 2003=100)..................................... Asia..................................................................... 100.000 41.866 40.640 114.3 129.0 104.6 114.3 129.5 104.2 -2.5 -3.4 -4.6 -0.1 -0.1 -0.1 0.8 0.9 0.6 1.0 0.9 1.1 0.0 0.4 -0.4 AIR PASSENGER FARES Import Air Passenger Fares..................................... Europe................................................................. Asia..................................................................... Latin America/Caribbean..................................... 100.000 44.719 24.791 12.546 127.5 130.5 116.1 115.5 144.6 153.9 135.5 116.0 5.8 15.5 2.3 -0.5 0.1 0.5 0.3 0.0 3.5 8.8 1.9 -7.8 0.2 1.2 0.6 1.2 13.4 17.9 16.7 0.4 Export Air Passenger Fares..................................... Europe................................................................. Asia..................................................................... Latin America/Caribbean..................................... 100.000 31.012 31.954 20.257 149.5 180.8 121.9 164.0 147.3 180.1 116.7 163.9 5.7 6.3 3.2 9.9 0.8 1.4 -0.7 1.1 2.6 8.3 -0.1 -0.6 3.9 1.3 11.2 -1.8 -1.5 -0.4 -4.3 -0.1 Inbound Air Passenger Fares (Dec. 2003=100)....... Europe (Dec. 2003=100)..................................... Asia (Dec. 2003=100)......................................... Latin America/Caribbean (Dec. 2003=100)......... Canada (Dec. 2003=100).................................... 100.000 39.117 29.993 12.849 7.733 128.4 130.7 117.2 124.1 166.1 127.2 130.9 112.6 124.4 172.1 5.1 6.0 2.0 6.0 6.5 1.1 1.6 1.5 -1.2 0.3 3.4 9.5 -1.1 -2.1 0.0 3.9 1.2 11.0 -1.8 4.1 -0.9 0.2 -3.9 0.2 3.6 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 40.373 22.679 21.954 6.378 124.3 134.8 112.8 111.8 163.1 136.9 157.3 125.4 111.6 167.4 6.4 13.1 3.7 1.5 7.7 -0.1 0.2 -0.1 -0.1 0.0 3.5 8.6 2.3 -2.5 -1.8 0.6 1.1 2.9 0.0 -1.2 10.1 16.7 11.2 -0.2 2.6 CRUDE OIL TANKER FREIGHT 2/ Inbound Crude Oil Tanker Freight............................ 100.000 n.a. n.a. n.a. 1.2 -1.0 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 56.164 24.368 23.216 43.836 113.1 117.2 115.0 122.6 111.4 112.5 117.3 115.0 122.7 109.9 -2.1 -2.4 -4.4 2.1 -2.0 -0.4 -0.6 -1.6 0.1 0.2 0.2 0.1 0.7 -0.5 0.1 0.3 0.6 0.0 1.4 0.0 -0.5 0.1 0.0 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 Table 9 U.S. Export Price Indexes and Percent Changes for Travel and Tourism Services May 2006-May 2007 December 2006=100, unless otherwise noted Index Percent Change Relative Importance Description Export Travel and Tourism......................................... From Europe......................................................... From Asia.............................................................. From Latin America/Caribbean............................. From Canada........................................................ April 2007 1/ April 2007 May 2007 100.000 39.797 31.596 15.401 8.868 105.3 106.4 103.3 105.6 107.7 105.3 106.1 104.0 105.1 105.8 Annual May 2006 to May 2007 n.a. n.a. n.a. n.a. n.a. Jan. 2007 to Feb. 2007 2.4 3.0 1.5 3.0 2.2 Monthly Feb. 2007 to March 2007 March 2007 to April 2007 2.2 2.1 2.9 1.5 1.6 0.2 0.6 0.0 -0.5 0.7 April 2007 to May 2007 0.0 -0.3 0.7 -0.5 -1.8 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 Table 10 U.S. Export Price Indexes and Percent Changes for Postsecondary Education Services Academic Year 2001/02 to 2006/07 Academic Year 2001/02 = 100, unless otherwise noted Relative Importance Description Academic Year 2005/06 1/ Index Annual Percent Change Academic Year 2005/06 2006/07 Academic Years 2001/02 2002/03 2003/04 2004/05 2005/06 to to to to to 2002/03 2003/04 2004/05 2005/06 2006/07 EXPORT POSTSECONDARY EDUCATION Tuition & Fees and Room & Board........................ Graduate............................................................ Undergraduate................................................... 100.000 53.006 46.994 128.8 128.5 129.0 135.1 134.6 135.7 6.5 6.4 6.6 7.5 7.4 7.7 7.0 7.0 6.8 5.1 5.1 5.2 4.9 4.7 5.2 Private................................................................ Public................................................................. 47.874 52.126 123.0 134.2 129.4 140.5 5.2 7.8 5.7 9.2 5.1 8.6 5.2 5.0 5.2 4.7 Tuition & Fees.................................................... Graduate Tuition & Fees............................... Undergraduate Tuition & Fees...................... 73.181 38.417 34.764 131.6 131.4 131.7 138.2 137.7 138.8 7.1 7.0 7.2 8.4 8.3 8.6 7.8 7.8 7.6 5.2 5.2 5.2 5.0 4.8 5.4 Private Tuition & Fees................................... Public Tuition & Fees.................................... 35.497 37.686 124.3 138.7 131.2 145.1 5.6 8.7 6.1 10.7 5.3 9.8 5.4 5.0 5.6 4.6 Room & Board.................................................... Graduate Room & Board............................... Undergraduate Room & Board...................... 26.819 14.589 12.230 121.5 121.3 121.7 127.1 127.1 127.2 5.0 5.0 5.0 5.1 5.1 5.1 4.9 5.0 4.9 4.9 4.7 5.1 4.6 4.8 4.5 Private Room & Board................................... Public Room & Board................................... 12.377 14.440 119.1 123.6 124.3 129.5 4.2 5.7 4.8 5.5 4.5 5.2 4.4 5.4 4.4 4.8 1 Relative importance figures are based on 2005/06 academic year trade values. 15 TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are not seasonally adjusted. Price indexes for merchandise goods are reweighted annually, with a two-year lag in the weights. Published series use a base year of 2000=100 where possible. More detailed index series and additional information may be obtained at http://www.bls.gov/mxp, or by calling (202) 6917101. Merchandise Goods Classification Systems -- The merchandise price indexes are published using three classification systems. Items are classified, respectively, by end use for the Bureau of Economic Analysis System, industry for the North American Industry Classification System (NAICS), and product category for the Harmonized System (HS). While classification by end use and product category are self-explanatory, a couple of notes are in order for classifying items by industry. In the NAICS tables, for both imports and exports, items are classified by output industry, not input industry. As an example, NAICS import index 326 (plastics and rubber products) would include outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS classification structure also matches the classification system used by the PPI to produce the NAICS primary products indexes. Import Price Indexes -- Products have been classified by the Harmonized Tariff Schedule of the United States Annotated (TSUSA). Import prices are based on U.S. dollar prices paid by the U.S. importer. The prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) U.S. port transaction prices, depending on the practices of the individual industry. The index for crude petroleum is calculated from data collected by the U.S. Department of Energy. Export Price Indexes -- Products have been classified by the Harmonized Schedule B classification system of the U.S. Bureau of the Census. The prices used are generally either "free alongside ship" (f.a.s.) factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture. Services Price Indexes -- Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represent transactions between U.S. and foreign residents) and International (which represent transactions inbound to and outbound from the U.S.). The Air Passenger Fares Indexes are calculated from data collected from a commercial airline reservation system. These data exclude frequent flyer tickets and those sold by consolidators. The Crude Oil Tanker Freight Indexes are calculated from data collected by the U. S. Department of Energy, and the publication of these indexes is lagged two months. The Air Freight and Ocean Liner Freight Indexes are calculated from data collected directly from companies. The Export Travel and Tourism Indexes are calculated from a subset of BLS Consumer Price Index data, and the publication of these indexes is lagged one month. The indexes are published by the country of residence of those traveling to the United States. Post-secondary Education Indexes are calculated from preliminary data collected by the U.S. Department of Education, and are calculated annually. Export post-secondary education refers to receipts from foreign students studying at U.S. institutions, including colleges, universities, and technical/professional schools. Fact sheets specifying detailed information for each services industry are available at http://www.bls.gov/mxp/ under “Publications and Other Documentation.” 16 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. 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. You may also contact the IPP at the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212-0001 The information you provide will be used to register you for delivery of selected publications. The Bureau of Labor Statistics (BLS) is authorized to request this information under 5 United States Code (USC) Section 301. Furnishing such information is voluntary; however, BLS may not be able to register you for the subscription service if you fail to do so. As part of helping us assess the quality of our customer service, BLS may contact subscribers with a customer service survey. In addition, the IPP news release is now available through an e-mail subscription service at (http://www.bls.gov/mxp) or (http://www.bls.gov/bls/newsrels.htm). Additional Information -- More detailed IPP data are available on the IPP home page at (http://www.bls.gov/mxp). Flat Files and the FTP server are available for users requiring access to either a large volume of time series data or other IPP-related documentation. The FTP site can be accessed at ftp://ftp.bls.gov. For technical assistance in using the BLS Internet site, send e-mail to (labstat.helpdesk@bls.gov). For IPP data requests, send e-mail to (mxpinfo@bls.gov). Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.