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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-06-1785 Transmission of This Material Is Embargoed Until 8:30 A.M. E.D.T. Friday, October 13, 2006 U.S. IMPORT AND EXPORT PRICE INDEXES - SEPTEMBER 2006 The U.S. Import Price Index fell 2.1 percent in September, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decline was the first in six months and was driven by a 10.3 percent drop in petroleum prices. Export prices decreased 0.5 percent in September, the first decline for the index since November 2005. Percent changes in import and export price indexes by End Use category - not seasonally adjusted IMPORTS Month All Imports Petroleum Imports EXPORTS All Exports Agricultural Exports Nonagricultural Exports 0.9 1.0 -0.1 0.0 0.8 0.7 -0.6 0.1 -1.4 0.3 -0.2 -0.5 1.0 0.8 -0.7 0.2 Nonpetroleum Imports 2005 September October November December 2.1 0.1 -1.9 0.0 2006 January February March April May June July August September 1.2 -0.8 -0.1 2.1 1.8 0.1 0.8 r 0.8 -2.1 5.8 -1.0 0.6 11.3 6.4 -1.1 3.9 r 2.1 r -10.3 0.3 -0.7 -0.3 0.1 0.7 0.4 0.1 r 0.5 0.1 0.7 0.1 0.2 0.7 0.7 0.7 0.4 0.4 -0.5 0.6 -0.7 -0.1 -0.4 0.6 2.6 r 1.9 0.9 r -0.7 0.7 0.2 0.2 0.7 0.7 0.6 0.2 r 0.5 r -0.5 9.9 2.0 50.4 2.9 2.7 2.0 3.6 3.7 3.3 4.4 3.6 3.7 September 2004-05 September 2005-06 6.9 -3.1 -9.4 -0.3 r = revised to reflect late reports and corrections by respondents. 2 Import Goods Prices for overall imports fell 2.1 percent in September, the largest one-month decrease in the index since a 3.1 percent drop in April 2003. The decline was led by a 10.3 percent decrease in petroleum prices, which had been up in five of the previous six months. The September decrease in petroleum prices was the largest monthly drop since the index fell 11.4 percent in December 2004. In contrast, nonpetroleum prices edged up 0.1 percent in September, the sixth consecutive month the index increased. For the year ended in September, the price index for nonpetroleum imports rose 2.0 percent, the same increase as overall import prices for the September 2005-2006 period. The modest September increase in nonpetroleum prices was primarily driven by a 0.4 percent advance in prices for nonpetroleum industrial supplies and materials. A 3.1 percent increase in unfinished metals prices led the advance in prices for nonpetroleum industrial supplies and materials, with higher prices for building materials and textile supplies also contributing. Partially offsetting those increases were decreasing prices for natural gas and chemicals. The price index for nonpetroleum industrial supplies and materials rose 6.6 percent over the past 12 months. Prices for foods, feeds, and beverages also increased, up 0.4 percent in September and 6.3 percent over the past year. More modest increases in the price indexes for consumer goods and automotive vehicles also contributed to the September advance in nonpetroleum prices. Consumer goods prices and prices for automotive vehicles each advanced 0.1 percent for the month, and 0.9 percent and 0.6 percent for the year ended in September, respectively. The price index for capital goods was unchanged in September and declined 0.2 percent over the past 12 months. Export Goods Export prices fell 0.5 percent in September as a 0.7 percent decrease in agricultural prices and a 0.5 percent drop in the price index for nonagricultural goods each factored into the decline. The September drop in export prices was the first in 10 months and followed increases of 0.4 percent the previous two months. The decline in agricultural prices followed increases in each of the four previous months as lower prices for soybeans, vegetables, and cotton all contributed to the decrease. Despite the drop, agricultural prices increased 4.4 percent for the year ended in September. Nonagricultural prices also rose over the past 12 months, advancing 3.7 percent for the period. The September decrease in nonagricultural prices was led by a 1.8 percent decline in the price index for nonagricultural industrial supplies and materials. Nonagricultural industrial supplies and materials prices were driven by a sharp decline in fuel prices, with lower chemicals prices also contributing to the decrease. In contrast, metal prices continued to rise. Prices for nonagricultural supplies and materials rose 9.5 percent over the past year. Prices for the major finished goods areas were either up or unchanged in September. The price indexes for consumer goods and automotive vehicles each rose 0.1 percent in September, and increased 2.1 percent and 1.4 percent for the September 2005-2006 period, respectively. Capital goods prices were unchanged in September, although excluding computer prices, prices for capital goods advanced 0.1 percent. The price index for overall capital goods rose 0.7 percent for the year ended in September. 3 Imports by Locality of Origin The price indexes for imports from Canada and from Mexico decreased in September, declining 2.0 percent and 2.5 percent, respectively. In each case, a downturn in fuel prices drove the decrease. Despite the September declines, prices for imports from Canada advanced 1.9 percent over the past year, while prices for imports from Mexico rose 6.2 percent. Prices for imports from the European Union edged down 0.1 percent in September, also led by lower fuel prices. The price index for imports from the European Union increased 4.1 percent over the past year. Prices for imports from China and from Japan also fell in September. The 0.2 percent decline in the prices for imports from China followed increases in the previous two months. The price index for imports from Japan fell 0.1 percent for the third consecutive month. For the year ended in September, prices for imports from China declined 1.0 percent while prices for imports from Japan fell 1.5 percent. Import and Export Services Both import and export air passenger fares declined in September, led by seasonal drops in European and Asian fares. Import air passenger fares decreased 5.4 percent, while export air passenger fares fell 7.6 percent. Despite the decreases, the price indexes for import and export air passenger fares rose for the year ended in September, up 5.6 percent and 2.1 percent, respectively. Import air freight prices increased 0.5 percent in September after declining in each of the previous two months. A 1.4 percent advance in European air freight prices led the increase. The price index for export air freight prices increased 1.4 percent in September and 6.6 percent over the past year. CONTENTS OF RELEASE This news release includes the following tables: Table 1 U.S. Import Price Indexes, by End Use.....page 4 Table 2 U.S. Export Price Indexes, by End Use.....page 5 Table 3 U.S. Import Price Indexes, by NAICS.....page 6 Table 4 U.S. Export Price Indexes, by NAICS.....page 7 Table 5 U.S. Import Price Indexes, by Harmonized System.....pages 8-9 Table 6 U.S. Export Price Indexes, by Harmonized System.....pages 10-11 Table 7 U.S. Import Price Indexes, by Locality of Origin.....page 12 Table 8 U.S. International Price Indexes for Selected Transportation Services.....page 13 ------------------------------------------------------------------Import and Export Price Index data for October are scheduled for release on November 9 at 8:30 A.M. (E.S.T.). 4 Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods September 2005-September 2006 2000=100, unless otherwise noted Index Relative Importance END USE 0 00 01 1 Description Percent Change Annual Sept. 2005 September to 2006 Sept. 2006 May 2006 to June 2006 Monthly June July 2006 2006 to to July Aug. 2006 2006 Aug. 2006 to Sept. 2006 August 2006 1/ August 2006 ALL COMMODITIES............................................................ ALL IMPORTS EXCLUDING PETROLEUM......................... ALL IMPORTS EXCLUDING FUELS (Dec. 2001=100)........................................................... 100.000 78.755 119.2 104.8 116.7 104.9 2.0 2.0 0.1 0.4 0.8 0.1 0.8 0.5 -2.1 0.1 76.490 107.5 107.8 2.9 0.6 0.0 0.3 0.3 FOODS, FEEDS, & BEVERAGES..................................... 4.261 120.9 121.4 6.3 -0.1 0.0 2.5 0.4 Agricultural foods, feeds & beverages, excluding distilled beverages................................ 3.204 130.3 131.0 6.9 -0.2 -0.3 3.1 0.5 Nonagricultural foods (fish, distilled beverages)........... 1.057 100.0 99.9 4.5 0.4 1.0 0.5 -0.1 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............ 38.289 184.3 174.1 4.1 -0.1 1.7 1.8 -5.5 17.044 134.6 135.2 6.6 1.2 -1.0 1.5 0.4 14.779 142.9 144.4 12.4 2.4 -1.0 0.5 1.0 9.630 137.9 140.3 17.8 3.0 -1.7 0.9 1.7 7.414 129.7 128.1 -5.4 -1.2 0.1 2.3 -1.2 10 100 10000 Fuels & lubricants........................................................ Petroleum & petroleum products............................. Crude............................................................... 23.509 21.244 15.382 244.6 257.3 257.0 220.9 230.8 231.7 -0.5 2.9 3.7 -1.6 -1.1 -0.6 3.5 3.9 4.5 2.7 2.1 1.1 -9.7 -10.3 -9.8 11 Paper & paper base stocks.......................................... 0.915 112.5 112.8 8.1 0.8 0.3 0.8 0.3 12 Materials associated with nondurable supplies & materials............................................. 4.326 120.4 120.1 2.4 0.9 0.4 -0.6 -0.2 13 Selected building materials.......................................... 1.926 115.2 117.1 -0.4 -2.3 -0.3 -1.4 1.6 14 Unfinished metals related to durable goods................. 4.489 188.9 194.8 41.0 7.2 -4.5 2.4 3.1 15 Finished metals related to durable goods.................... 1.611 128.9 128.2 9.3 1.8 2.6 0.3 -0.5 16 Nonmetals related to durable goods............................ 1.512 101.6 101.6 0.9 0.1 0.2 0.3 0.0 CAPITAL GOODS............................................................. 20.576 91.3 91.3 -0.2 0.2 0.1 0.0 0.0 20 Electric generating equipment..................................... 2.463 102.1 102.7 3.7 1.2 0.2 -0.2 0.6 21 Nonelectrical machinery............................................... 16.498 87.9 87.9 -0.9 0.1 0.1 0.0 0.0 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)........................... 1.615 108.2 108.4 1.9 0.3 0.2 0.1 0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES.............. 14.002 104.1 104.2 0.6 0.2 0.2 0.0 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES......................................................... 22.872 100.5 100.6 0.9 0.1 0.6 0.1 0.1 40 Nondurables, manufactured......................................... 10.835 103.1 103.0 -0.1 0.1 0.4 0.1 -0.1 41 Durables, manufactured............................................... 10.907 97.9 98.0 1.9 0.1 0.8 0.1 0.1 42 Nonmanufactured consumer goods............................. 1.130 100.2 100.5 -0.1 0.2 1.1 0.5 0.3 2 1 Relative importance figures are based on 2004 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 5 Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods September 2005-September 2006 2000=100, unless otherwise noted Index Relative Importance END USE Description Percent Change Annual Sept. 2005 September to 2006 Sept. 2006 May 2006 to June 2006 Monthly June July 2006 2006 to to July Aug. 2006 2006 Aug. 2006 to Sept. 2006 August 2006 1/ August 2006 ALL COMMODITIES................................................................. AGRICULTURAL COMMODITIES............................................ NONAGRICULTURAL COMMODITIES.................................... 100.000 7.708 92.292 112.1 127.7 111.0 111.5 126.8 110.4 3.7 4.4 3.7 0.7 2.6 0.6 0.4 1.9 0.2 0.4 0.9 0.5 -0.5 -0.7 -0.5 FOODS, FEEDS, & BEVERAGES......................................... 6.992 129.6 128.6 4.7 3.0 2.3 0.9 -0.8 Agricultural foods, feeds & beverages, excluding distilled beverages..................................... 6.236 129.8 128.9 5.1 3.1 2.5 0.8 -0.7 Nonagricultural foods (fish, distilled beverages)................ 0.756 127.2 126.3 2.2 1.7 0.6 1.2 -0.7 INDUSTRIAL SUPPLIES & MATERIALS............................... INDUSTRIAL SUPPLIES & MATERIALS, DURABLE..................................................................... INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE.............................................................. 30.865 141.5 139.0 9.1 1.7 0.4 1.6 -1.8 11.174 147.7 148.3 20.2 2.7 -0.5 1.6 0.4 19.692 138.3 134.1 3.3 1.1 1.0 1.5 -3.0 Agricultural industrial supplies & materials........................ 1.472 118.7 118.1 1.5 0.8 -0.7 1.9 -0.5 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS........................................................... 29.393 143.0 140.4 9.5 1.7 0.5 1.5 -1.8 11 Fuels & lubricants............................................................. 5.190 207.8 184.7 -0.1 0.7 1.4 4.4 -11.1 12 Nonagricultural supplies & materials excluding fuels & building materials........................... 23.061 136.4 136.5 11.7 2.0 0.2 1.0 0.1 Selected building materials............................................... 1.142 110.1 110.0 4.1 0.7 0.0 0.3 -0.1 CAPITAL GOODS.................................................................. 39.287 98.3 98.3 0.7 0.0 0.1 -0.2 0.0 20 Electrical generating equipment........................................ 3.820 105.0 105.1 2.4 0.2 0.0 0.2 0.1 21 Nonelectrical machinery................................................... 28.930 92.4 92.4 -0.3 0.0 0.0 -0.3 0.0 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)................................ 6.537 117.4 117.5 4.4 0.2 0.0 0.3 0.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 10.642 105.1 105.2 1.4 0.2 0.2 0.0 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES.............................................................. 12.214 103.9 104.0 2.1 0.3 0.3 0.1 0.1 40 Nondurables, manufactured.............................................. 5.990 103.8 103.9 2.4 0.3 0.4 0.1 0.1 41 Durables, manufactured................................................... 5.230 102.8 103.1 1.3 0.2 0.1 0.3 0.3 0 00 01 1 10 13 2 1 Relative importance figures are based on 2004 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 6 Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods September 2005-September 2006 2005=100, unless otherwise noted Index Relative Importance NAICS Description Percent Change Annual Sept. 2005 September to 2006 Sept. 2006 May 2006 to June 2006 Monthly June July 2006 2006 to to July Aug. 2006 2006 Aug. 2006 to Sept. 2006 August 2006 1/ August 2006 Nonmanufactured Articles...................................................... 19.369 118.1 108.6 n.a. -1.1 3.7 2.4 -8.0 11 111 AGRICULTURE AND LIVESTOCK PRODUCTS........... Agricultural products.................................................. 1.427 0.997 105.7 101.4 106.0 102.9 n.a. n.a. 2.0 -0.1 0.9 -0.4 6.3 11.2 0.3 1.5 21 OIL, GAS, MINERALS AND ORES................................ 17.942 119.2 108.8 n.a. -1.3 3.9 2.1 -8.7 Manufactured Articles............................................................ 80.009 104.0 103.4 n.a. 0.4 0.2 0.5 -0.6 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........................................ 10.214 2.449 0.794 0.507 0.718 4.301 1.445 101.3 103.3 101.7 103.6 101.0 100.1 101.0 101.3 103.4 101.7 103.3 101.0 100.0 101.0 n.a. n.a. n.a. n.a. n.a. n.a. n.a. 0.1 -0.1 0.1 1.1 0.0 0.0 0.4 0.3 0.3 0.7 0.0 0.5 0.2 0.3 0.2 0.6 0.1 0.2 0.2 0.1 0.1 0.0 0.1 0.0 -0.3 0.0 -0.1 0.0 32 321 322 324 325 326 327 MANUFACTURED GOODS, PART 2............................. Wood products........................................................... Paper......................................................................... Petroleum and coal products...................................... Chemicals.................................................................. Plastics and rubber products...................................... Nonmetallic mineral products..................................... 17.852 1.260 1.444 4.942 7.465 1.573 1.065 108.3 95.2 104.8 126.8 103.3 102.5 103.5 104.4 97.3 105.1 109.4 103.3 102.7 103.7 n.a. n.a. n.a. n.a. n.a. n.a. n.a. -0.8 -4.2 0.7 -2.8 0.3 0.4 0.5 0.9 -0.7 0.5 1.8 1.1 0.3 0.3 1.4 -2.4 0.5 3.6 1.1 0.6 0.0 -3.6 2.2 0.3 -13.7 0.0 0.2 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................. 51.943 5.157 2.418 6.149 13.704 3.450 14.863 1.448 4.754 103.1 131.4 104.4 102.2 97.8 102.8 100.5 100.4 104.8 103.4 135.0 104.9 102.4 97.7 103.3 100.6 100.6 104.9 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 0.8 7.0 0.5 0.4 -0.2 1.0 0.2 0.3 0.3 -0.1 -3.3 0.6 0.1 -0.2 0.3 0.2 0.1 2.2 0.3 2.3 0.8 -0.1 -0.1 0.0 0.0 0.0 0.2 0.3 2.7 0.5 0.2 -0.1 0.5 0.1 0.2 0.1 1 Relative importance figures are based on 2004 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 7 Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods September 2005-September 2006 2005=100, unless otherwise noted Index Relative Importance NAICS Description Percent Change Annual Sept. 2005 September to 2006 Sept. 2006 May 2006 to June 2006 Monthly June July 2006 2006 to to July Aug. 2006 2006 Aug. 2006 to Sept. 2006 August 2006 1/ August 2006 Nonmanufactured Articles...................................................... 6.064 107.3 104.4 n.a. 2.7 0.0 1.7 -2.7 11 111 AGRICULTURE AND LIVESTOCK PRODUCTS........... Agricultural products.................................................. 4.178 3.736 107.3 107.2 104.9 104.9 n.a. n.a. 4.0 4.6 1.8 1.9 0.4 0.4 -2.2 -2.1 21 211 212 OIL, GAS, MINERALS AND ORES................................ Oil and gas................................................................. Minerals and ores....................................................... 1.886 0.528 1.358 107.2 95.7 112.4 103.3 83.4 112.3 n.a. n.a. n.a. 0.1 -2.2 0.8 -4.1 -0.5 -5.2 4.8 18.7 0.2 -3.6 -12.9 -0.1 Manufactured Articles............................................................ 91.571 103.3 102.9 n.a. 0.6 0.2 0.4 -0.4 31 311 312 313 315 MANUFACTURED GOODS, PART 1............................. Food and kindred products......................................... Beverages and tobacco products............................... Textiles and fabrics.................................................... Apparel and accessories............................................ 6.604 3.803 0.567 1.040 0.620 101.8 103.7 101.3 96.7 100.2 102.2 104.5 100.5 96.8 100.1 n.a. n.a. n.a. n.a. n.a. 0.6 1.0 -0.5 0.3 0.1 0.8 1.5 0.6 0.1 0.0 1.4 2.3 0.1 0.1 0.2 0.4 0.8 -0.8 0.1 -0.1 32 321 322 324 325 326 327 MANUFACTURED GOODS, PART 2............................. Wood products........................................................... Paper......................................................................... Petroleum and coal products...................................... Chemicals.................................................................. Plastics and rubber products...................................... Nonmetallic mineral products..................................... 24.307 0.559 2.133 3.024 15.160 2.437 0.891 107.5 104.0 106.9 129.8 105.2 103.3 102.5 105.7 104.0 107.2 112.1 105.0 103.6 103.0 n.a. n.a. n.a. n.a. n.a. n.a. n.a. 1.1 0.8 0.9 0.2 1.3 0.1 2.9 0.8 0.4 0.8 0.8 0.9 0.4 0.1 0.9 0.7 0.4 3.8 0.7 0.5 0.1 -1.7 0.0 0.3 -13.6 -0.2 0.3 0.5 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................. 60.660 3.969 2.751 12.032 17.829 3.468 16.090 4.203 101.9 120.0 106.9 102.2 97.7 101.8 101.9 102.1 102.0 119.9 106.8 102.3 97.8 101.9 101.9 102.2 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 0.3 4.9 0.2 0.1 -0.2 0.3 0.1 0.2 0.1 -1.4 1.2 0.7 -0.5 0.1 0.2 0.1 0.0 2.6 0.3 0.1 -0.6 0.4 0.1 0.1 0.1 -0.1 -0.1 0.1 0.1 0.1 0.0 0.1 1 Relative importance figures are based on 2004 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 8 Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods September 2005-September 2006 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 Relative Importance Description LIVE ANIMALS; ANIMAL PRODUCTS.............................. Meat and edible meat offal........................................... Fish and crustaceans, molluscs and other aquatic invertebrates................................... 2/ Other live animals; animal products............................. VEGETABLE PRODUCTS................................................ Edible vegetables, roots, and tubers............................ Edible fruit and nuts; peel of citrus fruit or melons....................................................... Coffee, tea, mate and spices....................................... 2/ Other vegetable products............................................. PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO............................................................... 2/ Other prepared foodstuffs............................................ 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............... 2/ Other mineral products (Dec. 2001=100)..................... Aug. 2006 to Sept. 2006 August 2006 1/ August 2006 1.193 0.339 120.8 140.7 121.2 140.8 4.8 1.1 0.3 -0.7 1.6 1.0 0.6 1.5 0.3 0.1 0.630 0.225 98.8 153.9 99.0 155.7 6.9 4.7 0.9 -0.1 1.4 3.0 0.8 -1.7 0.2 1.2 1.130 0.320 119.5 162.4 120.0 162.1 9.8 18.5 -0.3 3.7 0.7 -4.5 9.2 18.4 0.4 -0.2 0.292 0.239 0.279 88.0 125.3 117.3 87.6 129.4 117.2 2.6 18.5 1.7 -1.9 -4.7 1.5 -2.7 3.1 7.9 10.7 7.2 0.4 -0.5 3.3 -0.1 1.995 0.770 119.3 127.4 119.3 127.6 3.7 1.9 0.6 0.8 -0.1 -0.8 -0.3 -0.8 0.0 0.2 0.252 0.760 118.6 110.6 118.9 110.4 16.9 3.0 0.9 0.5 -0.1 0.7 0.6 -0.4 0.3 -0.2 23.247 242.9 219.8 -0.6 -1.7 3.5 2.4 -9.5 22.917 0.330 242.8 141.3 219.3 142.3 -0.9 13.9 -1.7 1.8 3.6 1.7 2.4 0.6 -9.7 0.7 114.6 158.6 116.3 105.9 0.7 6.2 2.6 -5.0 0.9 0.3 2.0 0.5 0.4 1.6 1.4 -0.2 0.1 0.0 -1.3 -0.1 -0.4 2.7 -1.6 -0.3 0.166 0.374 0.387 98.6 109.5 93.8 98.6 109.5 93.8 -1.8 1.9 1.2 0.3 -0.1 0.7 -0.1 0.9 0.5 -0.1 1.6 1.0 0.0 0.0 0.0 PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF..................................... Plastics and articles thereof......................................... Rubber and articles thereof.......................................... 2.780 1.807 0.973 121.3 118.3 127.2 120.6 118.7 124.3 5.9 4.3 8.8 1.5 0.3 3.8 0.8 0.1 2.1 0.2 1.0 -1.4 -0.6 0.3 -2.3 0.607 105.6 105.7 1.6 0.6 0.3 0.1 0.1 0.520 105.6 105.7 1.5 0.6 0.4 0.1 0.1 1.348 117.5 120.3 -2.3 -3.4 -0.6 -2.1 2.4 1.633 109.1 109.3 5.7 0.6 0.6 0.5 0.2 0.222 123.4 125.2 23.0 1.1 2.7 3.2 1.5 1.150 0.262 106.7 113.9 106.7 113.9 3.9 1.2 0.7 0.2 0.2 0.5 0.0 0.0 0.0 0.0 5.339 101.1 101.1 0.4 0.1 0.3 0.1 0.0 1.942 100.4 100.2 0.4 0.0 0.0 0.3 -0.2 RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC........................................... Articles of leather; travel goods, bags, etc. of various materials........................................ WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS................................................... Pulp wood or other fibrous cellulosic material; waste paper/paperboard......................... Paper and paperboard; articles of paper pulp, paper or paperboard..................................... Printed matter.............................................................. XI 61 Monthly June July 2006 2006 to to July Aug. 2006 2006 115.1 154.5 118.2 106.2 X 49 May 2006 to June 2006 6.793 0.688 2.708 1.899 WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK..................... 48 Annual Sept. 2005 September to 2006 Sept. 2006 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................................ IX 47 Percent Change TEXTILE AND TEXTILE ARTICLES.................................. Articles of apparel and clothing accessories, knitted or crocheted......................... See footnotes at end of table 9 Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods September 2005-September 2006 2000=100, unless otherwise noted Index Relative Importance Harmonized System Description August 2006 1/ 62 63 2/ XII 64 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 Articles of apparel and clothing accessories, not knitted or crocheted................. Made-up or worn textile articles................................. Other textile & textile articles..................................... HEADGEAR, UMBRELLAS, ARTIFICIAL FLOWERS, ETC................................... Footwear and parts of such articles.......................... 2/ Other footwear, headgear, umbrellas, whips, art. flowers, etc......................................... August 2006 Percent Change Annual Sept. 2005 September to 2006 Sept. 2006 May 2006 to June 2006 Monthly June 2006 to July 2006 July 2006 to Aug. 2006 Aug. 2006 to Sept. 2006 2.150 0.479 0.768 99.6 94.6 110.2 99.6 94.6 110.9 -0.7 1.9 2.7 -0.1 -0.1 0.6 0.5 1.0 0.5 -0.1 0.0 0.2 0.0 0.0 0.6 1.212 1.021 100.9 101.4 100.9 101.4 0.7 0.7 0.3 0.3 0.2 0.4 0.1 0.0 0.0 0.0 0.191 97.7 97.7 0.4 0.5 -0.5 0.0 0.0 STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC......................................... Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100).................... Ceramic products...................................................... Glass and glassware................................................. 0.939 109.0 109.3 3.7 0.3 0.4 0.0 0.3 0.312 0.298 0.329 103.4 113.1 109.5 103.5 113.4 109.7 3.8 1.8 5.4 0.3 0.3 0.4 0.2 1.2 -0.4 -0.1 0.1 0.2 0.1 0.3 0.2 PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 2.712 126.1 126.9 25.4 2.2 -1.0 1.9 0.6 6.351 1.633 1.400 0.844 1.001 159.3 179.6 126.2 303.1 141.3 162.1 187.8 125.8 307.0 139.5 23.4 17.3 1.5 90.6 21.8 5.1 4.6 0.8 15.1 5.4 -0.5 2.5 0.7 -1.2 -4.9 1.4 0.8 0.2 5.2 -1.0 1.8 4.6 -0.3 1.3 -1.3 0.367 0.446 0.659 106.8 120.2 216.2 106.9 121.7 228.5 2.0 8.8 77.8 0.3 0.9 9.7 -0.9 0.6 -3.6 0.1 0.8 6.2 0.1 1.2 5.7 22.854 11.873 88.1 88.4 88.2 88.4 -0.6 -0.7 0.2 0.1 0.1 0.1 -0.1 0.0 0.1 0.0 10.981 87.9 88.0 -0.3 0.2 0.1 -0.1 0.1 12.941 11.922 105.0 104.4 105.1 104.5 0.5 0.5 0.2 0.2 0.1 0.1 0.0 0.0 0.1 0.1 0.885 106.7 107.0 1.2 0.5 0.0 0.1 0.3 3.030 99.4 99.4 -0.6 0.2 -0.2 0.0 0.0 2.694 0.241 98.0 111.8 98.0 111.8 -1.1 4.4 0.2 0.1 -0.3 -0.1 0.0 0.0 0.0 0.0 3.682 99.6 99.7 0.4 0.3 0.1 0.0 0.1 2.134 103.4 103.4 0.0 0.4 0.1 0.0 0.0 1.339 0.209 94.7 102.8 94.8 102.9 0.9 1.8 0.0 0.5 0.2 0.1 0.2 0.0 0.1 0.1 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......................... 2/ Other base metals and articles of base metals.......... 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......................... 1 Relative importance figures are based on 2004 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 10 Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods September 2005-September 2006 2000=100, unless otherwise noted Index Harmonized System I 03 II 08 10 12 IV 21 23 V 27 VI 28 29 30 31 32 33 34 37 38 VII 39 40 VIII 41 IX X 47 48 49 Relative Importance Description Percent Change Annual Sept. 2005 September to 2006 Sept. 2006 May 2006 to June 2006 Monthly June July 2006 2006 to to July Aug. 2006 2006 Aug. 2006 to Sept. 2006 August 2006 1/ August 2006 LIVE ANIMALS; ANIMAL PRODUCTS.............................. Fish and crustaceans, molluscs and other aquatic invertebrates................................... 1.379 135.0 134.9 0.2 2.7 4.2 3.5 -0.1 0.456 125.2 123.6 2.7 1.3 0.7 1.3 -1.3 VEGETABLE PRODUCTS................................................ Edible fruit and nuts; peel of citrus fruit or melons....................................................... Cereals........................................................................ Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder.............................. 3.753 136.0 134.1 8.2 4.6 1.8 1.9 -1.4 0.701 1.626 122.1 138.6 118.6 140.9 -4.1 21.2 3.5 5.4 7.3 2.3 -0.7 -1.1 -2.9 1.7 0.841 122.1 118.5 -4.2 -0.1 2.4 -1.8 -2.9 2.286 0.431 113.8 108.5 114.1 108.7 3.1 -0.2 0.2 0.1 0.4 0.4 0.8 0.0 0.3 0.2 0.408 0.805 125.7 111.9 126.3 111.7 4.6 2.1 0.7 0.3 -1.2 0.6 0.2 1.7 0.5 -0.2 4.914 245.4 225.0 1.9 -0.1 -0.8 3.7 -8.3 4.066 231.3 208.1 -4.6 -0.5 1.0 4.3 -10.0 12.322 1.191 4.422 2.418 0.366 124.4 155.1 142.1 109.4 146.5 124.0 154.7 141.0 109.6 144.5 5.4 19.6 7.4 2.3 -8.0 1.3 2.3 2.6 0.6 -0.5 0.9 0.5 2.2 0.3 0.6 0.4 -0.6 1.4 0.0 -0.7 -0.3 -0.3 -0.8 0.2 -1.4 0.631 109.6 109.6 3.4 0.2 -1.3 0.3 0.0 0.710 115.1 115.3 1.8 0.5 0.3 0.0 0.2 0.409 0.367 1.605 108.9 104.4 111.6 107.2 104.6 111.8 2.4 0.2 4.1 0.5 -0.8 0.6 0.0 2.2 -0.3 -0.5 -0.2 0.3 -1.6 0.2 0.2 6.005 4.854 1.151 131.0 127.6 145.1 131.4 127.9 146.1 8.3 7.0 14.5 0.8 1.0 0.4 0.9 0.8 1.6 0.8 0.8 0.9 0.3 0.2 0.7 PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO............................................................... Miscellaneous edible preparations............................... Residues and waste from the food industries; prepared animal feed........................... 2/ Other prepared foods................................................... 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............................................. Fertilizers..................................................................... 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....................... Photographic or cinematographic goods...................... Miscellaneous chemical products................................ PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF..................................... Plastics and articles thereof......................................... Rubber and articles thereof.......................................... RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC........................................... Raw hides and skins (other than furskins) and leather............................................. 0.483 117.2 117.9 4.5 -0.1 -0.1 0.4 0.6 0.345 111.4 112.2 4.3 0.5 -0.1 0.6 0.7 WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK..................... 0.750 108.7 108.3 4.4 0.5 0.0 0.8 -0.4 2.687 0.586 106.7 99.9 107.3 101.6 5.5 6.8 1.1 0.8 0.9 1.8 0.3 1.2 0.6 1.7 1.498 0.603 106.5 118.1 106.7 118.4 5.7 3.4 1.3 0.4 0.4 1.0 0.2 -0.2 0.2 0.3 WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS................................................... Woodpulp and recovered paper................................... Paper and paperboard; articles of paper pulp, paper or paperboard..................................... Printed material........................................................... See footnotes at end of table 11 Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods September 2005-September 2006 2000=100, unless otherwise noted Index Harmonized System XI 52 61 XIII 70 XIV XV 72 73 74 76 82 83 XVI 84 85 XVII 87 XVIII XX 94 95 Relative Importance Description August 2006 1/ August 2006 Percent Change Annual Sept. 2005 September to 2006 Sept. 2006 May 2006 to June 2006 Monthly June 2006 to July 2006 July 2006 to Aug. 2006 Aug. 2006 to Sept. 2006 2.707 0.742 102.0 94.9 101.4 92.2 0.9 0.0 0.8 1.9 -0.6 -2.1 0.7 2.9 -0.6 -2.8 0.319 1.646 94.6 114.5 94.6 114.8 -0.3 1.7 0.0 0.4 0.0 0.0 0.0 -0.1 0.0 0.3 STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC......................................... Glass and glassware................................................. 0.820 0.461 104.1 95.5 104.6 96.4 1.1 0.0 0.9 0.3 0.0 0.1 0.0 0.0 0.5 0.9 PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 2.871 137.6 138.1 26.5 4.7 -4.8 1.9 0.4 5.670 1.219 1.331 0.823 0.936 157.3 181.7 138.1 250.8 141.9 158.0 184.2 138.1 251.2 139.8 20.6 23.2 10.0 63.5 21.4 2.1 3.0 0.1 1.7 6.5 2.0 1.5 2.2 4.6 -4.3 1.5 3.1 0.4 4.0 1.6 0.4 1.4 0.0 0.2 -1.5 0.414 0.445 111.3 125.3 111.3 124.8 6.2 6.5 0.0 0.7 0.6 1.4 0.0 -0.2 0.0 -0.4 32.043 17.916 93.6 101.8 93.6 102.1 -0.1 2.0 0.0 0.0 0.0 0.3 -0.2 0.0 0.0 0.3 14.127 84.6 84.4 -2.5 -0.1 -0.4 -0.5 -0.2 VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT.............. Motor vehicles and their parts.................................... 13.279 8.772 111.8 104.8 111.8 104.8 2.1 1.1 0.1 0.0 0.2 0.2 0.1 0.0 0.0 0.0 OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES............. 6.251 102.3 102.4 0.6 0.1 -0.2 0.1 0.1 1.422 101.6 101.7 0.9 0.1 0.4 0.1 0.1 0.780 108.0 108.1 1.6 0.2 0.7 0.3 0.1 0.503 94.3 94.3 -0.1 0.2 -0.1 0.0 0.0 TEXTILE AND TEXTILE ARTICLES................................ Cotton, including yarns and woven fabrics thereof..... Apparel & clothing knitted or crocheted (Dec. 2001=100)............................ 2/ Other textile and textile articles (Dec. 2001=100)...... 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 2004 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 12 Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin September 2005-September 2006 2000=100, unless otherwise noted Index Percent Change Annual Description Percentage of U.S. Imports August 2006 1/ 2/ Industrialized Countries................................................ Sept. 2005 September to 2006 Sept. 2006 Monthly May 2006 to June 2006 June 2006 to July 2006 July 2006 to Aug. 2006 Aug. 2006 to Sept. 2006 46.371 3.994 41.944 118.5 205.9 111.8 117.7 190.3 112.0 3.7 -6.3 5.0 0.4 -2.4 0.8 -0.2 2.1 -0.4 1.1 6.1 0.4 -0.7 -7.6 0.2 Nonmanufactured Articles....................................... Manufactured Articles.............................................. 53.651 9.299 44.152 117.7 228.3 101.8 114.7 208.3 101.4 2.3 4.3 2.1 0.0 -0.6 0.1 1.6 4.3 0.7 0.3 1.6 -0.1 -2.5 -8.8 -0.4 Canada......................................................................... Nonmanufactured Articles....................................... Manufactured Articles.............................................. 17.089 3.239 13.575 133.2 207.0 119.8 130.6 191.0 119.6 1.9 -9.4 5.7 -0.5 -2.8 0.3 0.0 2.3 -0.7 2.0 7.0 0.5 -2.0 -7.7 -0.2 4/ European Union............................................................ Nonmanufactured Articles....................................... Manufactured Articles.............................................. 18.654 0.367 18.150 120.6 238.8 118.3 120.5 219.2 118.4 4.1 4.5 4.0 1.3 3.1 1.0 0.1 0.5 0.1 0.1 2.5 0.2 -0.1 -8.2 0.1 France (Dec. 2003=100)............................................... 1.971 103.9 104.1 1.9 0.4 0.0 0.1 0.2 Germany (Dec. 2003=100)........................................... 5.187 104.6 105.1 1.5 0.5 0.8 0.1 0.5 United Kingdom (Dec. 2003=100)................................. 2.947 119.9 119.0 3.4 1.4 -0.3 0.3 -0.8 5/ Latin America............................................................... Nonmanufactured Articles....................................... Manufactured Articles.............................................. 17.406 4.158 13.173 145.5 231.4 128.7 141.4 211.9 128.4 5.7 3.3 6.9 0.1 -1.2 0.8 2.0 4.8 0.7 -0.1 1.6 -0.8 -2.8 -8.4 -0.2 Mexico (Dec. 2003=100)............................................... 10.594 124.6 121.5 6.2 -0.4 2.3 2.1 -2.5 6/ Pacific Rim (Dec. 2003=100)........................................ 34.090 98.9 98.8 -0.8 0.2 0.2 0.0 -0.1 China (Dec. 2003=100)................................................ 13.773 97.6 97.4 -1.0 -0.2 0.1 0.1 -0.2 Japan........................................................................... 8.920 94.5 94.4 -1.5 0.2 -0.1 -0.1 -0.1 7/ Asian NICs................................................................... 7.216 89.6 89.4 -0.3 0.1 0.6 -0.1 -0.2 8/ ASEAN (Dec. 2003=100).............................................. 6.086 98.9 98.2 0.4 0.4 1.4 -0.1 -0.7 9/ Asia Near East (Dec. 2003=100).................................. 3.547 191.5 177.6 1.4 2.0 2.8 -1.1 -7.3 Nonmanufactured Articles....................................... Manufactured Articles.............................................. 3/ Other Countries............................................................ 1 Percentage of trade figures are based on 2004 trade values. 2 Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa. 3 Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere. 4 Includes European Union countries. 5 Includes Mexico, Central America, South America and the Caribbean. 6 Includes China, Japan, Asia Newly Industrialized Countries, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea and Philippines. 7 Asia Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan. 8 Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. 9 Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen. NOTES: Data may be revised in each of the three months after original publication. Regions are not mutually exclusive. n.a. Not available 13 Table 8 U.S. International Price Indexes and Percent Changes for Selected Transportation Services September 2005-September 2006 2000=100, unless otherwise noted Index Relative importance Description August 2006 1/ August 2006 Percent Change Annual Sept. 2005 September to 2006 Sept. 2006 May 2006 to June 2006 Monthly June 2006 to July 2006 July 2006 to Aug. 2006 Aug. 2006 to Sept. 2006 AIR FREIGHT Import Air Freight..................................................... Europe (Dec. 2003=100)..................................... Asia..................................................................... 100.000 39.178 48.801 132.6 130.5 115.7 133.3 132.3 115.5 2.8 7.9 -1.7 3.0 5.4 2.0 -1.2 -0.8 -1.9 -0.7 0.1 -1.5 0.5 1.4 -0.2 Export Air Freight..................................................... 100.000 116.6 118.2 6.6 1.0 -0.3 0.9 1.4 Inbound Air Freight................................................... Europe (Dec. 2003=100)..................................... Asia..................................................................... 100.000 39.533 48.109 128.3 126.1 110.7 128.8 127.1 110.8 1.0 4.9 -2.8 1.7 3.3 0.7 -0.9 -0.8 -1.1 0.2 1.0 -0.7 0.4 0.8 0.1 Outbound Air Freight................................................ Europe (Dec. 2003=100)..................................... Asia..................................................................... 100.000 42.468 42.286 116.3 132.9 108.0 117.0 133.0 107.4 4.1 5.5 0.9 1.4 1.4 1.7 -0.5 -1.4 0.2 -0.3 0.6 -1.3 0.6 0.1 -0.6 AIR PASSENGER FARES Import Air Passenger Fares..................................... Europe................................................................. Asia..................................................................... Latin America/Caribbean..................................... 100.000 61.509 14.376 9.703 138.3 133.0 133.2 123.2 130.9 127.9 112.9 118.8 5.6 5.1 3.8 6.1 11.4 13.8 16.7 1.0 2.0 0.3 4.2 5.1 -0.8 -0.4 -3.4 0.5 -5.4 -3.8 -15.2 -3.6 Export Air Passenger Fares..................................... Europe................................................................. Asia..................................................................... Latin America/Caribbean..................................... 100.000 31.921 37.609 16.071 154.1 189.7 134.9 151.0 142.4 174.9 114.4 153.3 2.1 6.0 -4.3 7.5 0.1 3.2 -3.6 0.5 5.2 9.2 2.7 6.2 5.2 2.5 16.1 -4.6 -7.6 -7.8 -15.2 1.5 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 42.436 30.936 12.942 8.897 133.9 140.0 128.9 119.3 158.2 123.9 126.6 113.0 120.9 162.8 4.7 6.7 -1.4 9.9 7.8 1.2 4.1 -3.4 1.0 3.8 6.3 10.7 2.5 5.3 0.7 4.1 2.4 13.9 -3.5 -2.8 -7.5 -9.6 -12.3 1.3 2.9 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 52.796 15.866 18.091 8.476 131.3 139.3 127.2 113.3 163.9 126.4 135.0 112.2 112.4 164.0 5.2 4.2 3.8 6.8 17.6 9.1 14.0 10.0 0.2 1.3 1.8 0.4 3.2 2.5 1.9 0.2 -0.2 1.9 0.5 3.5 -3.7 -3.1 -11.8 -0.8 0.1 CRUDE OIL TANKER FREIGHT 2/ Inbound Crude Oil Tanker Freight............................ 100.000 n.a. n.a. n.a. 12.2 1.8 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 40.502 17.873 16.719 59.498 113.9 118.9 120.4 120.8 111.4 114.2 119.1 120.5 121.2 111.6 -10.7 -4.7 -2.0 -3.4 -14.4 -2.3 -0.7 -0.9 -0.1 -3.3 -1.9 -1.7 0.0 -0.2 -2.1 1.1 0.6 0.1 0.8 1.5 0.3 0.2 0.1 0.3 0.2 1 Relative importance figures are based on 2000 trade values. 2 Publication of the Crude Oil Tanker Freight Indexes is lagged two months, as are the relative importance figures. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available 14 TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are not seasonally adjusted. Price indexes for merchandise goods are reweighted annually, with a two-year lag in the weights. Published series use a base year of 2000=100 where possible. More detailed index series and additional information may be obtained at http://www.bls.gov/mxp, or by calling (202) 6917101. Merchandise Goods Classification Systems -- The merchandise price indexes are published using three classification systems. Items are classified, respectively, by end use for the Bureau of Economic Analysis System, industry for the North American Industry Classification System (NAICS), and product category for the Harmonized System (HS). While classification by end use and product category are self-explanatory, a couple of notes are in order for classifying items by industry. In the NAICS tables, for both imports and exports, items are classified by output industry, not input industry. As an example, NAICS import index 326 (plastics and rubber products) would include outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS classification structure also matches the classification system used by the PPI to produce the NAICS primary products indexes. Import Price Indexes -- Products have been classified by the Harmonized Tariff Schedule of the United States Annotated (TSUSA). Import prices are based on U.S. dollar prices paid by the U.S. importer. The prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) U.S. port transaction prices, depending on the practices of the individual industry. The index for crude petroleum is calculated from data collected by the U.S. Department of Energy. Export Price Indexes -- Products have been classified by the Harmonized Schedule B classification system of the U.S. Bureau of the Census. The prices used are generally either "free alongside ship" (f.a.s.) factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture. Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for the Import Price Indexes. Beginning with January 2002, the indexes are defined by locality of origin using a nomenclature based upon the North American Industry Classification System (NAICS). Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are defined as NAICS 31-33. Services Price Indexes -- Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represent transactions between U.S. and foreign residents) and International (which represent transactions inbound to and outbound from the U.S.). The Air Passenger Fares Indexes are calculated from data collected from a commercial airline reservation system. These data exclude frequent flyer tickets and those sold by consolidators. The Crude Oil Tanker Freight Indexes are calculated from data collected by the U. S. Department of Energy, and the publication of these indexes is lagged two months. The Air Freight and Ocean Liner Freight Indexes are calculated from data collected directly from companies. Fact sheets specifying detailed information for each services industry are available at http://www.bls.gov/mxp/ under “Publications and Other Documentation.” 15 Revision Policy -- To reflect the availability of late reports and corrections by respondents, monthly data may be revised in each of the three months after original publication. After three months, no further data revisions take place. So, for example, data released in the January release will be subject to revision in the releases for February, March, and April. Uses of the Data -- The primary use of the indexes is to deflate trade statistics, notably the foreign trade sector of the National Income and Product Accounts constructed by the Department of Commerce. Other published indexes are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Income and Product Accounts, while International indexes are more appropriate for market analysis. Merchandise and services indexes also can be used to study U.S. competitiveness and price elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade analysis. Mailing List -- If you wish to be added to the mailing list to receive a copy of the U.S. Import and Export Price Index News Release, please either call the IPP information line at (202) 691-7101 or send e-mail to (mxpinfo@bls.gov) to provide your name and mailing address. 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. 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