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U.S. IMPORT AND EXPORT PRICE INDEXES
- MARCH 2007 -
The U.S. Import Price Index rose 1.7 percent in March, the Bureau of
Labor Statistics of the U.S. Department of Labor reported today. The increase
followed a 0.1 percent rise in February and was led by an increase in petroleum
prices. The price index for exports increased for the fifth consecutive month,
advancing 0.7 percent in March.
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
2006
March -0.1 0.6 -0.3 0.2 -0.1 0.2
April 2.1 11.3 0.1 0.7 -0.4 0.7
May 1.8 6.4 0.7 0.7 0.6 0.7
June 0.1 -1.1 0.4 0.7 2.6 0.6
July 0.8 3.6 0.0 0.4 1.9 0.2
August 0.5 1.0 0.5 0.4 0.9 0.5
September -2.2 -11.0 0.1 -0.4 -0.5 -0.4
October -2.5 -10.4 -0.6 -0.3 1.0 -0.5
November 0.4 -1.6 1.0 0.4 4.4 0.1
December 1.1 4.0 r 0.5 0.6 2.4 r 0.5
2007
January -1.1 r -6.6 r -0.1 0.4 0.7 r 0.5 r
February 0.1 r 0.6 r 0.1 r 0.7 2.8 r 0.5 r
March 1.7 9.0 0.3 0.7 2.1 0.6
March 2005-06 4.5 23.1 1.0 2.3 0.7 2.5
March 2006-07 2.8 2.4 2.9 5.3 20.2 4.2
r = revised to reflect late reports and corrections by respondents.
Import Goods
The 1.7 percent rise in March was the largest increase since May 2006.
The price index for petroleum increased 9.0 percent in March following a 0.6
percent rise in February, and was the largest one-month jump since April 2006.
The two consecutive advances in petroleum prices followed declines in four of
the previous five months. Petroleum prices increased 2.4 percent over the past
year. Nonpetroleum prices increased 0.3 percent in March, following a modest
0.1 percent advance in February. The price index for nonpetroleum imports
increased 2.9 percent over the past 12 months while overall import prices
advanced 2.8 percent for the same period.
The March increase in nonpetroleum prices was led by a 1.3 percent
advance in prices for nonpetroleum industrial supplies and materials. The
increase in nonpetroleum industrial supplies and materials was driven by
higher metals and natural gas prices. The price index for unfinished metals
increased 2.4 percent in March and 25.3 percent over the past 12 months.
Increases in the price indexes for consumer goods and automotive
vehicles also contributed to the March rise in nonpetroleum prices, advancing
0.2 percent and 0.1 percent, respectively. For the year ended in March,
consumer goods prices increased 1.8 percent and automotive vehicles prices
rose 1.1 percent.
In contrast, capital goods prices and prices for foods, feeds, and
beverages decreased in March. The price index for capital goods ticked down
0.1 percent after falling 0.2 percent in February. Foods, feeds, and beverages
prices fell 0.1 percent, the first decline since June 2006. Lower vegetables
prices were primarily responsible for the decrease.
Export Goods
Export prices rose 0.7 percent for the second consecutive month, as
both agricultural prices and nonagricultural prices contributed to the advance.
Agricultural prices increased 2.1 percent for the month and 20.2 percent over
the past year. Higher corn, vegetables, meat, and wheat prices all contributed
to the increase. Nonagricultural prices rose 0.6 percent for the month and 4.2
percent for the year ended in March. Overall export prices rose 5.3 percent for
the March 2006-2007 period, the largest 12-month increase since September
1995.
A 1.9 percent increase in nonagricultural industrial supplies and
materials prices was the largest contributor to the rise in nonagricultural
prices. The advance followed a 2.0 percent increase in February and was driven
by higher prices for metals, fuels, and chemicals. Over the past 12 months, the
index rose 11.0 percent.
Prices for each of the major finished goods areas recorded little
movement for the second consecutive month. Automotive vehicles prices
increased a modest 0.1 percent for the second consecutive month. Prices for
capital goods and consumer goods were unchanged in March after both
indexes fell 0.1 percent in February. For the year ended in March, consumer
goods prices increased 2.4 percent, automotive vehicles prices increased 1.4
percent, and capital goods prices increased 0.8 percent.
Imports by Locality of Origin
Prices of imports from China and from Japan increased 0.2 percent and
0.1 percent, respectively, in March. The increase was the largest for China
since a similar change in October 2005. However, import prices from China
fell 0.6 percent over the past year, while the price index of imports from Japan
declined 0.7 percent for the March 2006-2007 period.
Import prices from Canada, Mexico, and the European Union all rose in
March, as higher petroleum prices contributed to the increases. The price index
for imports from Canada increased 1.6 percent for the month after rising 0.8
percent in February and increased 4.1 percent for the year ended in March.
Prices for imports from Mexico and from the European Union increased 1.4
percent and 0.4 percent, respectively. Import prices from Mexico advanced 4.5
percent over the past 12 months, while import prices from the European Union
rose 3.0 percent for the same period.
Import and Export Services
Import air passenger fares edged up 0.1 percent in March after recording no
change the previous month. Export air passenger fares rose 0.8 percent in
March. Both indexes advanced over the past year; import air passenger fares
7.0 percent and export air passenger fares 7.2 percent.
Import air freight prices declined 0.1 percent in March, while export air
freight prices were unchanged. Over the past 12 months, import air freight prices
rose 0.8 percent and export air freight rose 3.0 percent.
Export travel and tourism prices, which are lagged one month, increased 2.4
percent in February, following a 0.4 percent increase in January. The indexes are
published by the country of residence of those traveling to the United States.
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
Table 9 U.S. Export Price Indexes for Travel and Tourism Services
-------------------------------------------------------------------
Import and Export Price Index data for April 2007 are scheduled for release on May 10 at
8:30 A.M. (E.D.T.).
Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
March 2006-March 2007 2000=100, unless otherwise noted
Index Percent Change
Relative
Import- Annual Monthly
ance March Nov. Dec. Jan. Feb.
END Description 2006 2006 2006 2007 2007
USE February February March to to to to to
2007 2007 2007 March Dec. Jan. Feb. March
1/ 2007 2006 2007 2007 2007
ALL COMMODITIES.......................................... 100.000 113.9 115.8 2.8 1.1 -1.1 0.1 1.7
ALL IMPORTS EXCLUDING PETROLEUM.......................... 83.925 105.7 106.0 2.9 0.5 -0.1 0.1 0.3
ALL IMPORTS EXCLUDING FUELS
(Dec. 2001=100)................................... 81.512 108.3 108.5 2.6 0.3 0.3 -0.1 0.2
0 FOODS, FEEDS, & BEVERAGES.............................. 4.460 124.7 124.6 6.5 0.8 1.5 0.2 -0.1
00 Agricultural foods, feeds & beverages,
excluding distilled beverages............. 3.377 135.2 134.9 7.6 1.1 1.3 -0.1 -0.2
01 Nonagricultural foods (fish, distilled beverages) 1.083 101.2 101.5 3.3 -0.2 2.0 1.3 0.3
1 INDUSTRIAL SUPPLIES & MATERIALS........................ 34.042 161.1 169.1 5.4 2.7 -3.7 0.4 5.0
INDUSTRIAL SUPPLIES & MATERIALS
EXCLUDING PETROLEUM........................... 17.967 137.3 139.1 8.6 1.6 -1.0 0.3 1.3
INDUSTRIAL SUPPLIES & MATERIALS
EXCLUDING FUELS (Dec. 2001=100)............... 15.554 145.0 146.2 8.4 0.5 0.5 -0.3 0.8
INDUSTRIAL SUPPLIES & MATERIALS,
DURABLE....................................... 10.013 138.9 140.4 10.4 0.7 0.5 -0.7 1.1
INDUSTRIAL SUPPLIES & MATERIALS,
NONDURABLE EXCLUDING PETROLEUM................ 7.953 134.4 136.4 6.3 2.6 -2.8 1.4 1.5
10 Fuels & lubricants............................... 18.489 191.9 208.1 3.3 4.5 -7.0 0.9 8.4
100 Petroleum & petroleum products............... 16.076 194.6 212.2 2.4 4.0 -6.6 0.6 9.0
10000 Crude................................ 11.317 196.2 210.8 1.0 4.5 -7.5 1.7 7.4
101 Fuels, n.e.s.-coals & gas.................... 2.047 171.2 178.8 3.5 9.0 -12.2 3.7 4.4
10110 Gas-natural.......................... 1.883 167.7 175.5 3.7 10.2 -13.2 4.0 4.7
11 Paper & paper base stocks........................ 0.875 111.4 111.3 3.3 -0.4 -1.2 0.0 -0.1
12 Materials associated with nondurable
supplies & materials...................... 4.751 124.7 125.1 4.9 0.0 0.9 0.5 0.3
13 Selected building materials...................... 1.956 111.0 110.6 -6.3 -0.2 0.8 -0.4 -0.4
14 Unfinished metals related to durable goods....... 4.599 197.2 201.9 25.3 1.1 1.0 -0.4 2.4
15 Finished metals related to durable goods......... 1.708 124.5 125.0 4.9 1.4 -0.9 -2.6 0.4
16 Nonmetals related to durable goods............... 1.665 101.8 101.8 1.0 0.1 0.1 0.0 0.0
2 CAPITAL GOODS.......................................... 22.562 91.3 91.2 0.1 0.1 0.0 -0.2 -0.1
20 Electric generating equipment.................... 2.729 104.0 104.1 4.0 0.1 1.2 -0.2 0.1
21 Nonelectrical machinery.......................... 18.122 87.5 87.4 -0.7 0.1 -0.1 -0.3 -0.1
22 Transportation equipment excluding
motor vehicles (Dec. 2001=100)............ 1.711 110.0 109.9 2.7 -0.1 0.7 0.1 -0.1
3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 14.410 104.5 104.6 1.1 0.0 0.0 0.2 0.1
4 CONSUMER GOODS, EXCLUDING
AUTOMOTIVES..................................... 24.526 101.2 101.4 1.8 0.3 0.2 0.0 0.2
40 Nondurables, manufactured........................ 11.331 104.1 104.3 1.5 0.3 0.7 0.0 0.2
41 Durables, manufactured........................... 11.980 98.1 98.3 2.1 0.1 -0.1 0.0 0.2
42 Nonmanufactured consumer goods................... 1.215 102.1 102.2 4.1 0.1 0.3 0.0 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
Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
March 2006-March 2007 2000=100, unless otherwise noted
Index Percent Change
Relative
Import- Annual Monthly
ance March Nov. Dec. Jan. Feb.
END Description 2006 2006 2006 2007 2007
USE February February March to to to to to
2007 2007 2007 March Dec. Jan. Feb. March
1/ 2007 2006 2007 2007 2007
ALL COMMODITIES............................................. 100.000 113.8 114.6 5.3 0.6 0.4 0.7 0.7
AGRICULTURAL COMMODITIES.................................... 8.316 142.1 145.1 20.2 2.4 0.7 2.8 2.1
NONAGRICULTURAL COMMODITIES................................. 91.684 111.8 112.5 4.2 0.5 0.5 0.5 0.6
0 FOODS, FEEDS, & BEVERAGES................................. 7.597 143.6 146.9 20.7 2.1 0.2 3.3 2.3
00 Agricultural foods, feeds & beverages,
excluding distilled beverages................ 6.916 145.7 149.2 22.8 2.3 0.3 3.4 2.4
01 Nonagricultural foods (fish, distilled beverages)... 0.681 125.9 128.3 4.1 0.9 0.2 1.8 1.9
1 INDUSTRIAL SUPPLIES & MATERIALS........................... 29.496 142.9 145.6 10.9 1.2 0.6 1.9 1.9
INDUSTRIAL SUPPLIES & MATERIALS,
DURABLE.......................................... 11.829 156.4 159.7 17.7 2.3 1.7 2.4 2.1
INDUSTRIAL SUPPLIES & MATERIALS,
NONDURABLE....................................... 17.667 135.8 138.0 7.0 0.5 -0.1 1.6 1.6
10 Agricultural industrial supplies & materials........ 1.400 127.2 128.0 9.6 3.1 2.8 -0.2 0.6
NONAGRICULTURAL INDUSTRIAL SUPPLIES
& MATERIALS.................................. 28.097 144.0 146.8 11.0 1.1 0.5 2.0 1.9
11 Fuels & lubricants.................................. 4.146 182.4 189.0 8.9 1.7 -5.3 4.9 3.6
12 Nonagricultural supplies & materials
excluding fuels & building materials......... 22.834 141.2 143.6 11.8 1.0 1.6 1.6 1.7
13 Selected building materials......................... 1.117 112.1 112.3 3.5 0.9 0.1 0.4 0.2
2 CAPITAL GOODS............................................. 39.720 99.0 99.0 0.8 0.0 0.3 -0.1 0.0
20 Electrical generating equipment..................... 3.715 105.6 105.7 1.2 0.2 -0.5 -0.1 0.1
21 Nonelectrical machinery............................. 28.843 92.6 92.5 -0.2 0.0 0.1 -0.1 -0.1
22 Transportation equipment excluding
motor vehicles (Dec. 2001=100)............... 7.162 120.9 120.8 4.1 0.3 1.3 0.2 -0.1
3 AUTOMOTIVE VEHICLES, PARTS & ENGINES...................... 10.627 105.8 105.9 1.4 0.2 0.2 0.1 0.1
4 CONSUMER GOODS, EXCLUDING
AUTOMOTIVES........................................ 12.559 104.8 104.8 2.4 0.1 0.9 -0.1 0.0
40 Nondurables, manufactured........................... 5.963 105.3 105.1 2.6 0.3 1.2 0.1 -0.2
41 Durables, manufactured.............................. 5.508 103.1 103.1 1.8 -0.1 0.6 -0.3 0.0
1 Relative importance figures are based on 2005 trade values.
NOTES: Data may be revised in each of the three months after original publication.
n.a. Not available
Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
March 2006-March 2007 December 2005=100, unless otherwise noted
Index Percent Change
Relative
Import- Annual Monthly
ance March Nov. Dec. Jan. Feb.
NAICS Description 2006 2006 2006 2007 2007
February February March to to to to to
2007 2007 2007 March Dec. Jan. Feb. March
1/ 2007 2006 2007 2007 2007
Nonmanufactured Articles...................................... 15.681 96.0 101.7 2.5 4.6 -7.2 2.1 5.9
11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 1.564 111.5 110.5 17.2 2.0 2.3 1.5 -0.9
111 Agricultural products............................. 1.068 109.8 107.6 21.0 3.8 3.1 -1.1 -2.0
21 OIL, GAS, MINERALS AND ORES........................... 14.117 94.5 100.9 1.3 5.0 -8.1 2.1 6.8
212 Minerals and ores (Dec. 2006=100)................. 0.416 101.7 102.1 n.a. n.a. 1.7 0.0 0.4
Manufactured Articles......................................... 83.714 102.9 103.8 3.0 0.4 0.2 -0.4 0.9
31 MANUFACTURED GOODS, PART 1............................ 10.653 102.2 102.6 2.2 0.1 0.6 0.1 0.4
311 Food and kindred products......................... 2.466 106.5 106.8 4.8 0.4 1.7 0.6 0.3
312 Beverages and tobacco products.................... 0.842 102.7 102.7 2.1 0.1 0.4 0.1 0.0
313 Textiles and fabrics.............................. 0.517 104.9 105.4 5.7 0.3 0.4 0.5 0.5
314 Textile mill products............................. 0.813 100.7 100.7 0.5 0.0 0.2 0.0 0.0
315 Apparel and accessories........................... 4.472 100.1 100.6 0.8 0.0 0.3 -0.1 0.5
316 Leather and allied products....................... 1.543 101.3 101.3 1.3 0.1 0.1 0.1 0.0
32 MANUFACTURED GOODS, PART 2............................ 17.545 101.3 104.7 3.9 1.0 -0.1 -1.0 3.4
321 Wood products..................................... 1.244 89.7 89.3 -11.3 -0.1 1.0 -1.2 -0.4
322 Paper............................................. 1.421 104.1 104.1 2.7 -0.1 -1.3 0.2 0.0
324 Petroleum and coal products....................... 3.814 91.8 104.5 4.6 2.5 -3.4 -3.4 13.8
325 Chemicals......................................... 8.052 107.3 108.0 6.6 1.0 1.5 -0.3 0.7
326 Plastics and rubber products...................... 1.759 103.2 103.5 2.9 0.1 -0.1 -0.2 0.3
327 Nonmetallic mineral products...................... 1.145 104.4 104.5 3.9 0.1 0.9 0.1 0.1
33 MANUFACTURED GOODS, PART 3............................ 55.516 103.6 103.8 3.0 0.3 0.1 -0.2 0.2
331 Primary metals.................................... 5.398 135.5 138.4 25.9 1.6 1.0 -1.3 2.1
332 Fabricated metal products, nesoi.................. 2.599 105.4 106.0 4.0 0.3 0.6 -0.7 0.6
333 Machinery, except electrical...................... 6.935 104.3 104.4 3.3 0.5 0.8 0.4 0.1
334 Computer and electronic products.................. 15.006 96.1 95.8 -3.3 -0.1 -0.7 -0.6 -0.3
335 Electrical equipment, appliances, and components.. 3.790 104.9 105.0 4.2 0.3 1.2 -0.1 0.1
336 Transportation equipment.......................... 15.160 101.0 101.0 1.1 0.0 0.1 0.2 0.0
337 Furniture and fixtures............................ 1.533 101.0 101.2 1.2 0.0 0.3 0.0 0.2
339 Miscellaneous manufactured commodities............ 5.095 105.7 105.9 5.3 0.2 0.0 0.4 0.2
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
Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
March 2006-March 2007 December 2005=100, unless otherwise noted
Index Percent Change
Relative
Import- Annual Monthly
ance March Nov. Dec. Jan. Feb.
NAICS Description 2006 2006 2006 2007 2007
February February March to to to to to
2007 2007 2007 March Dec. Jan. Feb. March
1/ 2007 2006 2007 2007 2007
Nonmanufactured Articles...................................... 6.190 115.0 116.7 14.7 2.3 -2.1 3.6 1.5
11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 4.508 121.5 125.0 23.8 2.7 -0.5 3.1 2.9
111 Agricultural products............................. 4.094 123.1 126.7 26.8 2.9 -0.5 3.1 2.9
21 OIL, GAS, MINERALS AND ORES........................... 1.682 100.6 98.5 -4.6 1.0 -6.4 5.1 -2.1
211 Oil and gas....................................... 0.600 103.4 95.4 21.7 0.7 -14.4 16.4 -7.7
212 Minerals and ores................................. 1.082 99.3 100.3 -12.5 1.2 -2.1 -0.2 1.0
Manufactured Articles......................................... 90.417 103.6 104.1 3.1 0.2 0.4 0.4 0.5
31 MANUFACTURED GOODS, PART 1............................ 6.703 106.9 107.8 8.5 1.0 1.5 1.6 0.8
311 Food and kindred products......................... 4.099 111.9 113.3 14.4 1.6 2.4 2.5 1.3
312 Beverages and tobacco products.................... 0.489 101.1 101.8 2.1 0.0 1.2 0.2 0.7
313 Textiles and fabrics.............................. 0.976 98.2 98.5 -1.0 0.0 0.0 0.1 0.3
315 Apparel and accessories........................... 0.562 100.1 100.1 0.1 0.0 0.0 0.0 0.0
32 MANUFACTURED GOODS, PART 2............................ 22.206 105.5 106.8 4.8 0.3 0.4 0.7 1.2
321 Wood products..................................... 0.558 107.5 107.6 6.4 1.3 -0.2 1.5 0.1
322 Paper............................................. 2.115 108.3 108.2 5.9 0.0 0.0 0.6 -0.1
324 Petroleum and coal products....................... 2.244 106.1 114.3 5.3 3.9 -5.5 3.1 7.7
325 Chemicals......................................... 13.981 105.1 105.9 4.9 -0.4 1.4 0.4 0.8
326 Plastics and rubber products...................... 2.341 104.2 103.9 2.2 -0.1 0.6 0.3 -0.3
327 Nonmetallic mineral products...................... 0.860 105.9 105.9 6.9 1.6 1.0 0.6 0.0
33 MANUFACTURED GOODS, PART 3............................ 61.508 102.5 102.7 1.9 0.1 0.2 0.1 0.2
331 Primary metals.................................... 4.059 118.2 121.7 14.2 0.4 -0.9 0.8 3.0
332 Fabricated metal products, nesoi.................. 2.772 109.1 109.7 5.8 0.4 0.6 0.6 0.5
333 Machinery, except electrical...................... 12.202 104.0 104.1 3.2 0.2 0.8 0.2 0.1
334 Computer and electronic products.................. 17.390 96.5 96.2 -3.2 -0.2 -0.5 -0.3 -0.3
335 Electrical equipment, appliances, and components.. 3.619 103.4 103.5 2.5 0.3 0.5 0.3 0.1
336 Transportation equipment.......................... 16.646 103.5 103.5 2.5 0.2 0.7 0.1 0.0
339 Miscellaneous manufactured commodities............ 4.479 102.9 103.1 3.1 -0.2 0.9 -0.1 0.2
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
Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
March 2006-March 2007 2000=100, unless otherwise noted
Index Percent Change
Relative
Import- Annual Monthly
Harmo- ance March Nov. Dec. Jan. Feb.
nized Description 2006 2006 2006 2007 2007
System February February March to to to to to
2007 2007 2007 March Dec. Jan. Feb. March
1/ 2007 2006 2007 2007 2007
I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.199 122.3 123.4 5.5 -0.7 0.9 1.8 0.9
02 Meat and edible meat offal.......................... 0.317 142.7 142.6 3.3 -1.1 0.0 0.8 -0.1
03 Fish and crustaceans, molluscs and
other aquatic invertebrates.................. 0.614 99.6 102.0 7.0 -0.6 2.5 1.6 2.4
II VEGETABLE PRODUCTS........................................ 1.180 126.3 124.2 15.4 3.3 1.7 -2.5 -1.7
07 Edible vegetables, roots, and tubers................ 0.332 186.6 179.2 33.1 9.6 6.3 -2.5 -4.0
08 Edible fruit and nuts; peel of citrus
fruit or melons.............................. 0.327 82.2 82.0 0.6 2.6 -1.8 -6.9 -0.2
09 Coffee, tea, mate and spices........................ 0.247 137.8 135.2 11.6 1.2 1.3 -0.9 -1.9
IV PREPARED FOODSTUFFS, BEVERAGES, AND
TOBACCO......................................... 2.109 121.9 122.2 3.2 0.3 1.3 0.4 0.2
20 Preparations of vegetables, fruit,
nuts, or other parts of plants............... 0.272 120.1 121.3 4.7 0.8 0.3 0.1 1.0
22 Beverages, spirits, and vinegar..................... 0.807 110.4 110.4 0.9 0.0 0.2 -0.1 0.0
V MINERAL PRODUCTS.......................................... 18.337 190.5 205.9 2.3 4.4 -7.0 1.0 8.1
27 Mineral fuels, oils and residuals,
bituminous substances and mineral wax........ 17.930 189.4 205.1 2.1 4.5 -7.2 0.9 8.3
VI PRODUCTS OF THE CHEMICAL OR ALLIED
INDUSTRIES...................................... 7.372 121.2 122.1 7.6 1.2 1.9 0.1 0.7
28 Inorganic chemicals................................. 0.891 191.3 195.5 29.5 4.0 5.3 1.6 2.2
29 Organic chemicals................................... 2.738 124.1 125.4 9.4 1.3 1.6 -0.3 1.0
30 Pharmaceutical products............................. 2.076 107.9 107.5 -0.1 0.6 2.2 -0.4 -0.4
32 Tanning & dyeing extracts; dye &
pigments; varnish & paints; putty............ 0.184 101.6 101.9 1.1 0.1 0.3 -0.4 0.3
33 Essential oils and resinoids (Dec. 2001=100)........ 0.405 106.9 108.3 1.8 0.3 -0.2 -3.3 1.3
38 Miscellaneous chemical products..................... 0.437 95.3 95.3 3.9 0.0 -0.1 1.1 0.0
VII PLASTICS AND ARTICLES THEREOF; RUBBER
AND ARTICLES THEREOF............................ 3.029 120.9 120.6 2.0 -0.8 0.0 0.7 -0.2
39 Plastics and articles thereof....................... 1.951 117.4 117.1 -0.1 -0.8 -0.4 -0.1 -0.3
40 Rubber and articles thereof......................... 1.078 127.9 127.5 5.9 -0.8 0.6 2.2 -0.3
VIII RAW HIDES, SKINS, LEATHER, FURSKINS,
TRAVEL GOODS, ETC............................... 0.615 105.8 105.7 1.7 0.0 0.0 0.1 -0.1
42 Articles of leather; travel goods, bags,
etc. of various materials.................... 0.534 105.7 105.8 2.0 0.0 0.0 0.0 0.1
IX WOOD, WOOD CHARCOAL, CORK, STRAW,
BASKETWARE AND WICKERWORK....................... 1.310 110.3 109.8 -10.5 -0.1 0.8 -1.3 -0.5
X WOODPULP, RECOVERED PAPER, AND
PAPER PRODUCTS...................................... 1.613 108.3 108.3 2.5 -0.1 -0.9 0.2 0.0
48 Paper and paperboard; articles of paper
pulp, paper or paperboard.................... 1.109 105.0 105.0 0.1 -0.2 -0.9 0.0 0.0
49 Printed matter...................................... 0.285 114.6 114.9 1.8 -0.1 0.1 -0.1 0.3
XI TEXTILE AND TEXTILE ARTICLES.............................. 5.602 101.2 101.7 1.2 0.0 0.2 -0.1 0.5
61 Articles of apparel and clothing
accessories, knitted or crocheted............ 2.010 100.2 100.3 0.4 0.0 0.1 -0.1 0.1
62 Articles of apparel and clothing
accessories, not knitted or crocheted........ 2.251 99.7 100.7 1.1 0.0 0.6 -0.3 1.0
63 Made-up or worn textile articles.................... 0.551 94.4 94.4 0.9 -0.1 0.0 0.1 0.0
XII HEADGEAR, UMBRELLAS,
ARTIFICIAL FLOWERS, ETC............................. 1.285 101.3 101.6 1.5 0.1 0.2 0.1 0.3
64 Footwear and parts of such articles................ 1.089 101.5 101.5 0.9 0.1 0.1 0.1 0.0
XIII STONE, PLASTER, CEMENT, ASBESTOS,
CERAMICS, GLASS ETC................................. 0.994 109.0 109.4 3.6 0.0 0.4 -0.1 0.4
68 Articles of stone, plaster, cement,
asbestos, or mica (Dec. 2001=100)............ 0.350 102.7 102.8 0.8 -1.0 0.6 0.0 0.1
69 Ceramic products.................................... 0.312 114.1 114.5 4.1 0.6 0.4 -0.2 0.4
70 Glass and glassware................................. 0.332 109.1 109.8 5.9 0.4 0.2 -0.3 0.6
XIV PEARLS, STONES, PRECIOUS METALS,
IMITATION JEWELRY, AND COINS........................ 2.925 130.6 132.9 18.2 2.2 0.6 1.7 1.8
XV BASE METALS AND ARTICLES OF BASE METAL.................... 6.570 161.6 163.6 16.4 0.6 0.1 -1.1 1.2
72 Iron and steel...................................... 1.509 187.1 192.2 22.6 -0.8 0.1 1.7 2.7
73 Articles of iron or steel........................... 1.501 126.5 126.9 2.5 0.2 0.1 0.2 0.3
74 Copper and articles thereof......................... 0.747 235.8 237.0 20.0 -1.7 -5.7 -11.8 0.5
76 Aluminum and articles thereof....................... 1.171 146.8 146.1 6.7 2.6 1.5 -0.9 -0.5
82 Tools, implements, cutlery, spoons and
forks, of base metal; parts thereof.......... 0.370 107.9 107.9 0.7 0.3 0.2 0.1 0.0
83 Miscellaneous articles of base metal................ 0.500 125.6 125.9 8.0 1.1 0.3 0.8 0.2
XVI MACHINERY, ELECTRICAL EQUIPMENT, TV
IMAGE & SOUND RECORDERS, PARTS, ETC................. 25.415 88.0 87.9 -0.2 0.0 0.1 -0.2 -0.1
84 Machinery and mechanical appliances; parts thereof.. 13.133 88.5 88.3 -0.1 0.2 0.1 -0.2 -0.2
85 Electrical machinery and equip, sound
and TV recorders & reproducers, parts........ 12.282 87.6 87.6 -0.2 -0.1 -0.1 0.0 0.0
XVII VEHICLES, AIRCRAFT, VESSELS AND
ASSOCIATED TRANSPORT EQUIPMENT...................... 13.163 105.6 105.6 1.1 -0.1 0.1 0.2 0.0
87 Motor vehicles and their parts...................... 12.157 104.8 104.8 0.9 0.0 0.1 0.1 0.0
88 Aircraft, spacecraft, and parts
thereof (Dec. 2002=100)...................... 0.890 107.8 107.8 1.9 -0.2 0.2 0.1 0.0
XVIII OPTICAL, PHOTO, MEASURING, MEDICAL &
MUSICAL INSTRUMENTS; & TIMEPIECES................... 3.094 98.9 99.0 -0.1 0.2 -0.1 -0.8 0.1
90 Optical, photographic, measuring and
medical instruments.......................... 2.747 97.1 97.3 -0.8 0.1 -0.1 -1.0 0.2
91 Clocks and watches and parts thereof................ 0.254 115.3 116.0 5.9 1.9 0.2 -0.2 0.6
XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 3.970 100.7 100.8 1.5 0.1 0.4 -0.1 0.1
94 Furniture & stuffed furnishings; lamps &
lighting fittings, nesoi; prefab bldg........ 2.258 104.2 104.4 1.6 0.1 0.2 -0.1 0.2
95 Toys, games and sports equipment; parts
and accessories thereof...................... 1.494 95.8 95.7 0.9 0.2 0.0 0.0 -0.1
96 Miscellaneous manufactured articles................. 0.219 106.4 106.6 4.8 0.1 4.2 0.1 0.2
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
Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
March 2006-March 2007 2000=100, unless otherwise noted
Index Percent Change
Relative
Import- Annual Monthly
Harmo- ance March Nov. Dec. Jan. Feb.
nized Description 2006 2006 2006 2007 2007
System February February March to to to to to
2007 2007 2007 March Dec. Jan. Feb. March
1/ 2007 2006 2007 2007 2007
I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.514 143.0 147.8 18.9 0.4 2.5 5.6 3.4
02 Meat & edible meat offal (Dec. 2006=100)............ 0.755 109.3 113.6 n.a. n.a. 4.3 4.8 3.9
03 Fish and crustaceans, molluscs and
other aquatic invertebrates.................. 0.416 121.6 124.4 1.7 0.8 -0.3 2.3 2.3
II VEGETABLE PRODUCTS........................................ 4.139 155.9 160.6 28.8 2.7 -0.5 2.8 3.0
08 Edible fruit and nuts; peel of citrus
fruit or melons.............................. 0.649 113.8 112.4 4.5 6.1 0.0 0.9 -1.2
10 Cereals............................................. 1.871 177.3 183.8 41.5 2.3 -4.5 6.1 3.7
12 Oilseeds and misc. grains, seeds,
fruits, plants, straw and fodder............. 1.055 144.9 146.8 19.9 0.7 -1.0 7.7 1.3
IV PREPARED FOODSTUFFS, BEVERAGES, AND
TOBACCO......................................... 2.319 119.9 120.4 8.0 1.1 2.1 0.9 0.4
21 Miscellaneous edible preparations................... 0.424 110.3 110.3 2.1 0.0 0.5 0.0 0.0
23 Residues and waste from the food
industries; prepared animal feed............. 0.500 145.1 144.7 15.9 4.4 1.7 2.2 -0.3
V MINERAL PRODUCTS.......................................... 4.113 222.3 230.0 5.0 1.6 -5.2 3.4 3.5
27 Mineral fuels, oils and residuals,
bituminous substances and mineral wax........ 3.395 208.4 216.2 8.0 1.1 -5.3 6.0 3.7
VI PRODUCTS OF THE CHEMICAL OR ALLIED
INDUSTRIES...................................... 11.611 125.4 126.9 6.5 -0.2 1.1 0.2 1.2
28 Inorganic chemicals................................. 1.141 152.3 154.0 6.4 -3.0 -0.9 1.7 1.1
29 Organic chemicals................................... 3.649 137.8 141.6 9.0 -0.6 -0.1 0.0 2.8
30 Pharmaceutical products............................. 2.533 113.4 112.9 4.5 0.9 1.9 -0.1 -0.4
32 Tanning or dyeing extracts, dyes,
paints, varnish, putty, & inks............... 0.600 113.1 119.7 10.5 1.3 0.7 -0.3 5.8
33 Essential oils and resinoids;
perfumery, cosmetic or toilet................ 0.690 116.5 116.4 4.0 0.3 1.0 0.2 -0.1
34 Soap; lubricants; waxes, polishing or
scouring products; candles, pastes........... 0.408 109.8 109.9 0.9 -1.0 0.3 0.1 0.1
38 Miscellaneous chemical products..................... 1.695 119.0 119.0 6.6 0.4 4.4 0.3 0.0
VII PLASTICS AND ARTICLES THEREOF; RUBBER
AND ARTICLES THEREOF............................ 5.423 128.3 127.9 0.5 -0.4 1.1 0.4 -0.3
39 Plastics and articles thereof....................... 4.349 124.4 124.3 -0.2 -0.5 1.1 0.4 -0.1
40 Rubber and articles thereof......................... 1.074 144.5 143.2 3.5 0.0 1.7 -0.1 -0.9
VIII RAW HIDES, SKINS, LEATHER, FURSKINS,
TRAVEL GOODS, ETC............................... 0.496 125.5 125.5 8.6 1.8 0.9 1.1 0.0
IX WOOD, WOOD CHARCOAL, CORK, STRAW,
BASKETWARE AND WICKERWORK....................... 0.733 111.8 112.0 5.3 -0.3 0.0 2.2 0.2
X WOODPULP, RECOVERED PAPER, AND
PAPER PRODUCTS...................................... 2.708 109.8 110.0 7.2 0.3 0.7 1.6 0.2
47 Woodpulp and recovered paper........................ 0.687 115.1 115.4 22.9 2.9 2.8 5.9 0.3
48 Paper and paperboard; articles of paper
pulp, paper or paperboard.................... 1.454 107.3 107.5 5.2 0.1 0.1 0.2 0.2
49 Printed material.................................... 0.567 113.1 113.3 -2.8 -1.7 0.2 -0.1 0.2
XI TEXTILE AND TEXTILE ARTICLES.............................. 2.464 102.3 102.6 1.1 0.6 0.4 -0.2 0.3
52 Cotton, including yarns and woven fabrics thereof... 0.666 93.8 94.5 1.9 2.4 0.4 -1.1 0.7
XIII STONE, PLASTER, CEMENT, ASBESTOS,
CERAMICS, GLASS ETC................................. 0.814 108.5 108.2 4.8 1.2 0.8 2.1 -0.3
70 Glass and glassware................................. 0.432 95.9 95.9 0.9 0.3 0.1 0.0 0.0
XIV PEARLS, STONES, PRECIOUS METALS,
IMITATION JEWELRY, AND COINS........................ 3.712 167.1 171.9 37.9 7.6 7.9 5.5 2.9
XV BASE METALS AND ARTICLES OF BASE METALS................... 5.839 158.6 162.3 14.3 0.4 -0.6 0.6 2.3
72 Iron and steel...................................... 1.430 182.0 192.3 19.8 0.6 -1.3 2.2 5.7
73 Articles of iron or steel........................... 1.410 141.4 142.2 7.2 0.3 1.1 0.8 0.6
74 Copper and articles thereof......................... 0.645 226.0 232.0 22.0 -3.4 -6.9 -1.4 2.7
76 Aluminum and articles thereof....................... 1.058 148.0 148.3 12.3 3.9 -0.1 -0.3 0.2
82 Tools, implements, cutlery, spoons and
forks, of base metal; parts thereof.......... 0.409 113.9 113.9 3.4 0.0 1.2 0.2 0.0
83 Miscellaneous articles of base metal................ 0.408 126.3 126.3 4.6 0.3 0.2 1.2 0.0
XVI MACHINERY, ELECTRICAL EQUIPMENT, TV
IMAGE AND SOUND RECORDERS, PARTS, ETC............... 32.167 93.9 93.8 0.1 0.0 0.0 0.0 -0.1
84 Machinery and mechanical appliances; parts thereof.. 18.479 102.5 102.5 1.5 -0.1 0.3 0.0 0.0
85 Electrical machinery and equipment
and parts and accessories thereof............ 13.688 84.5 84.3 -1.5 0.1 -0.4 0.0 -0.2
XVII VEHICLES, AIRCRAFT, VESSELS AND
ASSOCIATED TRANSPORT EQUIPMENT...................... 13.899 113.2 113.1 1.8 0.3 0.4 0.2 -0.1
87 Motor vehicles and their parts...................... 8.971 105.4 105.4 0.9 0.2 0.1 0.1 0.0
XVIII OPTICAL, PHOTO, MEASURING, MEDICAL &
MUSICAL INSTRUMENTS; & TIMEPIECES................... 6.265 103.2 103.4 1.4 0.0 1.0 -0.4 0.2
XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 1.441 102.5 102.7 2.1 -0.2 1.1 0.0 0.2
94 Furniture; stuffed furnishings;
lamps and lighting fittings nesoi;........... 0.805 112.5 112.9 6.3 0.7 1.4 -0.1 0.4
95 Toys, games and sports equipment; parts
and accessories thereof...................... 0.474 85.9 86.0 -9.1 -2.0 -3.9 -0.1 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
Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin
March 2006-March 2007 2000=100, unless otherwise noted
Index Percent Change
Annual Monthly
Percentage March Nov. Dec. Jan. Feb.
Description of 2006 2006 2006 2007 2007
U.S. February March to to to to to
Imports 2007 2007 March Dec. Jan. Feb. March
1/ 2007 2006 2007 2007 2007
2/ Industrialized Countries............................ 44.813 116.4 117.9 3.9 0.4 -0.2 0.2 1.3
Nonmanufactured Articles....................... 4.582 177.4 187.9 9.9 7.4 -8.7 5.1 5.9
Manufactured Articles.......................... 39.766 111.5 112.3 3.0 -0.4 0.8 -0.4 0.7
3/ Other Countries..................................... 55.204 110.5 112.2 1.3 0.9 -1.8 0.6 1.5
Nonmanufactured Articles....................... 11.023 179.2 188.4 -1.7 3.7 -6.6 0.4 5.1
Manufactured Articles.......................... 43.982 100.9 101.5 2.1 0.1 -0.5 0.7 0.6
Canada.............................................. 17.052 128.6 130.6 4.1 1.6 -1.2 0.8 1.6
Nonmanufactured Articles....................... 3.871 181.0 192.0 12.1 7.4 -8.3 5.5 6.1
Manufactured Articles.......................... 12.851 119.1 119.3 1.8 0.0 0.8 -0.5 0.2
4/ European Union...................................... 17.908 120.7 121.2 3.0 0.0 0.7 0.2 0.4
Nonmanufactured Articles....................... 0.389 188.0 199.4 -5.7 1.3 -9.0 3.9 6.1
Manufactured Articles.......................... 17.406 119.2 119.5 3.0 0.0 0.9 0.1 0.3
France (Dec. 2003=100).............................. 1.888 107.6 107.4 4.6 0.8 1.4 0.3 -0.2
Germany (Dec. 2003=100)............................. 5.008 106.1 106.5 4.2 0.4 0.7 -0.1 0.4
United Kingdom (Dec. 2003=100)...................... 2.845 115.8 116.9 0.9 0.3 -0.5 0.6 0.9
5/ Latin America....................................... 17.619 133.5 136.0 1.5 0.5 -1.8 -0.4 1.9
Nonmanufactured Articles....................... 4.822 185.5 195.3 -0.1 4.0 -6.9 1.1 5.3
Manufactured Articles.......................... 12.721 125.0 125.7 2.0 -0.9 0.3 -1.0 0.6
Mexico (Dec. 2003=100).............................. 10.163 118.2 119.8 4.5 0.2 -0.4 0.0 1.4
6/ Pacific Rim (Dec. 2003=100)......................... 33.452 98.2 98.2 -0.4 0.1 -0.4 0.1 0.0
China (Dec. 2003=100)............................... 14.941 97.1 97.3 -0.6 0.0 -0.1 -0.1 0.2
Japan............................................... 8.308 93.8 93.9 -0.7 0.0 -0.1 -0.2 0.1
7/ Asian NICs.......................................... 6.124 88.7 88.7 -0.1 0.1 -0.6 0.1 0.0
8/ ASEAN (Dec. 2003=100)............................... 5.993 97.0 96.8 -0.2 0.1 -1.4 0.3 -0.2
9/ Asia Near East (Dec. 2003=100)...................... 3.765 163.3 171.5 2.3 2.5 -4.0 1.3 5.0
1 Percentage of trade figures are based on 2005 trade values.
2 Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa.
3 Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere.
4 Includes European Union countries.
5 Includes Mexico, Central America, South America and the Caribbean.
6 Includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and Asia Newly Industrialized Countries (see footnote 7).
7 Asia Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan.
8 Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
9 Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen.
NOTES: Data may be revised in each of the three months after original publication.
Regions are not mutually exclusive.
n.a. Not available
Table 8 U.S. International Price Indexes and Percent Changes for Selected Transportation Services
March 2006-March 2007 2000=100, unless otherwise noted
Index Percent Change
Relative
import- Annual Monthly
ance March Nov. Dec. Jan. Feb.
Description 2006 2006 2006 2007 2007
February February March to to to to to
2007 2007 2007 March Dec. Jan. Feb. March
1/ 2007 2006 2007 2007 2007
AIR FREIGHT
Import Air Freight................................ 100.000 130.8 130.7 0.8 1.0 0.8 -1.1 -0.1
Europe (Dec. 2003=100)....................... 27.874 129.1 129.4 7.2 1.8 2.6 -1.4 0.2
Asia......................................... 61.236 113.9 113.7 -3.2 0.5 0.2 -1.2 -0.2
Export Air Freight................................ 100.000 117.0 117.0 3.0 0.1 1.6 -1.3 0.0
Europe (Dec. 2006=100)....................... 39.347 101.2 101.2 n.a. n.a. 1.5 -0.3 0.0
Inbound Air Freight............................... 100.000 126.6 126.6 1.6 0.6 0.7 -1.1 0.0
Europe (Dec. 2003=100)....................... 29.768 125.1 125.5 7.1 1.1 2.6 -1.3 0.3
Asia......................................... 57.484 109.1 109.0 -1.8 0.3 -0.2 -1.2 -0.1
Outbound Air Freight.............................. 100.000 112.4 112.3 -1.1 -0.4 -0.4 -0.8 -0.1
Europe (Dec. 2003=100)....................... 41.827 126.7 126.6 -0.6 0.0 -1.0 -0.7 -0.1
Asia......................................... 40.691 103.0 102.9 -2.8 -0.8 -0.3 -0.8 -0.1
AIR PASSENGER FARES
Import Air Passenger Fares........................ 100.000 122.8 122.9 7.0 3.3 -2.1 0.0 0.1
Europe....................................... 41.970 118.0 118.6 10.5 0.1 0.7 2.8 0.5
Asia......................................... 25.054 113.0 113.3 4.2 18.1 -9.9 -3.1 0.3
Latin America/Caribbean...................... 13.947 123.7 123.7 9.8 3.2 -0.7 0.4 0.0
Export Air Passenger Fares........................ 100.000 139.1 140.2 7.2 0.9 3.2 -1.8 0.8
Europe....................................... 29.960 162.6 164.8 12.9 0.8 1.7 -1.5 1.4
Asia......................................... 31.121 110.5 109.7 -1.3 0.1 5.5 -3.3 -0.7
Latin America/Caribbean...................... 22.050 166.1 168.0 16.0 1.9 5.4 -0.1 1.1
Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000 118.2 119.5 8.1 1.6 3.1 -3.3 1.1
Europe (Dec. 2003=100)....................... 37.722 116.0 117.9 13.1 1.6 0.5 -1.1 1.6
Asia (Dec. 2003=100)......................... 29.224 105.2 106.8 -0.4 2.2 4.8 -6.5 1.5
Latin America/Caribbean (Dec. 2003=100)...... 14.700 130.7 129.1 14.1 1.4 6.4 -0.5 -1.2
Canada (Dec. 2003=100)....................... 8.043 159.0 159.5 4.4 1.5 -2.6 -0.7 0.3
Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000 119.4 119.3 7.9 1.4 -0.5 0.6 -0.1
Europe (Dec. 2003=100)....................... 38.214 122.5 122.8 10.0 -0.2 1.0 2.3 0.2
Asia (Dec. 2003=100)......................... 22.445 107.2 107.1 4.5 6.9 -5.8 -0.6 -0.1
Latin America/Caribbean (Dec. 2003=100)...... 23.475 114.8 114.7 7.1 0.8 0.4 0.4 -0.1
Canada (Dec. 2003=100)....................... 6.843 168.0 168.0 14.9 1.2 -0.1 1.4 0.0
CRUDE OIL TANKER FREIGHT
2/ Inbound Crude Oil Tanker Freight.................. 100.000 n.a. n.a. n.a. -2.3 1.0 n.a. n.a.
OCEAN LINER FREIGHT
Inbound Ocean Liner Freight....................... 100.000 113.0 112.6 -10.2 -0.1 -0.7 -0.2 -0.4
U.S. East Coast.............................. 56.204 117.1 116.4 -8.1 -0.1 -0.3 -1.0 -0.6
From Atlantic.......................... 24.596 116.0 114.2 -13.4 0.0 -0.3 -1.4 -1.6
From Pacific........................... 23.025 121.4 121.5 -0.7 -0.1 0.1 -1.1 0.1
U.S. West Coast.............................. 43.796 111.1 111.3 -11.1 0.0 -1.3 0.8 0.2
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
Table 9 U.S. Export Price Indexes and Percent Changes for Travel and Tourism Services
February 2006-February 2007 December 2006=100, unless otherwise noted
Index Percent Change
Relative
import- Annual Monthly
ance Feb. Oct. Nov. Dec. Jan.
Description 2006 2006 2006 2006 2007
January January February to to to to to
2007 2007 2007 Feb. Nov. Dec. Jan. Feb.
1/ 2007 2006 2006 2007 2007
Export Travel and Tourism.......... 100.000 100.4 102.8 n.a. n.a. n.a. 0.4 2.4
From Europe................... 39.492 100.6 103.6 n.a. n.a. n.a. 0.6 3.0
From Asia..................... 31.739 98.9 100.4 n.a. n.a. n.a. -1.1 1.5
From Latin America/Caribbean.. 15.530 101.5 104.5 n.a. n.a. n.a. 1.5 3.0
From Canada................... 8.890 102.9 105.2 n.a. n.a. n.a. 2.9 2.2
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
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. The Travel and Tourism Indexes are calculated from a subset of BLS Consumer Price Index data, and
the publication of these indexes is lagged one month. Fact sheets specifying detailed information for each
services industry are available at http://www.bls.gov/mxp under "Publications and Other Documentation."
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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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).
To access data using Anonymous FTP, use the Internet address 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.