Technical Information: USDL-07-0022 (202) 691-7101 Transmission of This Media contact: Material Is Embargoed (202) 691-5902 Until 8:30 A.M. E.S.T. Internet Address: http://www.bls.gov/mxp Friday, January 12, 2007 U.S. IMPORT AND EXPORT PRICE INDEXES - DECEMBER 2006 - The U.S. Import Price Index increased 1.1 percent in December, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The advance followed a 0.5 percent rise in November and was led by a 4.8 percent upturn in petroleum prices. Export prices rose 0.7 percent in December, after increasing 0.4 percent the previous month. Percent changes in import and export price indexes by End Use category -not seasonally adjusted- IMPORTS EXPORTS Month Non- Agri- Nonagri- All Petroleum petroleum All cultural cultural Imports Imports Imports Exports Exports Exports 2005 December 0.0 -0.3 0.0 0.1 -0.5 0.2 2006 January 1.2 5.8 0.3 0.7 0.6 0.7 February -0.8 -1.0 -0.7 0.1 -0.7 0.2 March -0.1 0.6 -0.3 0.2 -0.1 0.2 April 2.1 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 r 0.1 -0.4 -0.5 r -0.4 October -2.6 r -10.8 r -0.6 r -0.3 0.9 r -0.4 r November 0.5 r -1.2 r 0.9 r 0.4 4.4 0.1 December 1.1 4.8 0.4 0.7 2.2 0.5 December 2004-05 8.0 42.4 2.4 2.8 4.9 2.6 December 2005-06 2.5 6.2 1.7 4.6 13.2 3.8 r = revised to reflect late reports and corrections by respondents. Import Goods Import prices rose for the second consecutive month in December and the 1.1 percent increase was the largest monthly advance since May. The price index for overall imports also increased for the fifth straight year in 2006, advancing 2.5 percent after more substantial increases of 8.0 percent and 6.7 percent in 2005 and 2004, respectively. A 4.8 percent increase in petroleum prices was the largest contributor to the overall December rise. Petroleum prices resumed their upward trend after declining 21.5 percent for the three-month period ended in November. The index rose 6.2 percent overall in 2006, the fifth consecutive year the index advanced, but the smallest annual increase over that period. Nonpetroleum prices increased 0.4 percent in December after a 0.9 percent advance the previous month. Prices for nonpetroleum imports rose 1.7 percent over the past 12 months after advancing 2.4 percent and 3.7 percent in 2005 and 2004, respectively. The December increase in nonpetroleum prices was driven by a 1.5 percent rise in nonpetroleum industrial supplies and materials prices. That advance in turn was led by higher prices for natural gas, up for the second consecutive month, metals and chemicals prices. The price index for nonpetroleum industrial supplies and materials increased 4.5 percent over the past year. The price indexes for consumer goods, capital goods, and foods, feeds, and beverages also contributed to the higher prices for nonpetroleum imports in December. Consumer goods prices rose 0.2 percent in December and 1.2 percent for the year ended in December. Prices for capital goods edged up 0.1 percent after remaining unchanged over the previous four months. Overall, the index increased a modest 0.4 percent in 2006. Foods, feeds, and beverages prices rose 0.6 percent for the month and 4.1 percent for the December 2005- 2006 period. In contrast, prices for automotive vehicles decreased 0.1 percent in December, the first downturn for the index since a 0.2 percent drop in January. Despite the December decline, automotive vehicle prices rose 0.6 percent over the past 12 months. Export Goods Export prices increased 0.7 percent in December as higher prices for both agricultural and nonagricultural exports contributed to the rise. The advance in the prices for overall exports followed a 0.4 percent rise in November and was the largest monthly gain since a similar 0.7 percent increase in June. Prices for overall exports rose 4.6 percent in 2006, the largest annual increase for the index since a 6.2 percent jump in 1988. The 2006 rise followed a 2.8 percent advance the previous year. Both the December and annual increases in overall export prices were partly driven by higher prices for agricultural exports, which rose 2.2 percent in December, led primarily by higher corn prices. The price index for export corn increased 5.2 percent in December after a 20.7 percent jump in November. For the year ended in December, agricultural prices rose 13.2 percent compared to a 4.9 percent increase in 2005. Nonagricultural prices also increased in December, rising 0.5 percent. The index rose 3.8 percent over the past 12 months. A 1.6 percent advance in nonagricultural industrial supplies and materials prices led the December increase. Higher prices for fuels, metals, and selected building materials all contributed to that advance. For the year ended in December, nonagricultural industrial supplies and materials prices rose 9.8 percent. Prices for each of the major finished goods areas also increased in December. Capital goods prices ticked up 0.1 percent, the fourth consecutive monthly advance. The index rose 1.2 percent over the past 12 months. Automotive vehicle prices increased 0.3 percent, the largest one-month advance since October 2005. Prices for automotive vehicles rose 1.5 percent for the year ended in December. The price index for consumer goods advanced 0.1 percent for the month and 2.1 percent over 2006. Summary of December-to-December Percent Changes 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 All Commodity Imports -5.2 -6.4 7.0 3.2 -9.1 4.2 2.4 6.7 8.0 2.5 Excluding Petroleum -2.8 -3.3 0.0 1.3 -4.5 0.3 1.2 3.7 2.4 1.7 Petroleum -25.5 -40.8 137.2 17.6 -39.5 56.9 12.8 30.3 42.4 6.2 All Commodity Exports -1.2 -3.4 0.5 1.1 -2.5 1.0 2.2 4.0 2.8 4.6 Excluding Agricultural -1.0 -2.7 1.2 0.9 -2.5 0.4 1.3 5.0 2.6 3.8 Agricultural -2.9 -9.3 -6.8 3.1 -1.8 8.0 13.4 -5.9 4.9 13.2 Imports by Locality of Origin Import prices from Canada increased 1.6 percent in December after a 3.3 percent advance in November. Both increases resulted mostly from higher fuel prices and followed declines of 4.5 percent and 2.3 percent in October and September, respectively. Despite the recent increases, prices of imports from Canada only rose a modest 0.3 percent for the December 2005-2006 period. Prices of imports from the European Union and Mexico also rose in December, increasing 0.4 percent and 0.2 percent, respectively. Higher petroleum prices contributed to those increases. Import prices from the European Union increased 5.7 percent in 2006, while the price index of imports from Mexico rose 5.2 percent over the same period. Import prices from China and from Japan each increased 0.1 percent in December, and both indexes declined 1.1 percent for the year ended in December. The December increase in prices from China was the first in four months. The index has not recorded an advance larger than 0.1 percent since October 2005. Import prices from Japan rose for the first time since June. Import and Export Services Import air passenger fares rose 3.3 percent in December after declining in each of the four previous months. In December the increase was led by an 18.1 percent jump in Asian fares. Overall, in 2006, import air passenger fares increased 7.8 percent. Export air passenger fares also reversed a recent downturn in December, rising 0.9 percent. The index rose 7.0 percent over the past year. Prices for import air freight increased 0.9 percent in December following a 2.3 percent decrease the previous month. Higher air freight prices from both Europe and Asia, up 1.8 percent and 0.5 percent, respectively, contributed to the increase. Overall import air freight prices rose 1.7 percent for the year ended in December. The price index for export air freight ticked up 0.1 percent in December and rose 4.2 percent over the past 12 months. CONTENTS OF RELEASE This news release includes the following tables: Table 1 U.S. Import Price Indexes, by End Use Table 2 U.S. Export Price Indexes, by End Use Table 3 U.S. Import Price Indexes, by NAICS Table 4 U.S. Export Price Indexes, by NAICS Table 5 U.S. Import Price Indexes, by Harmonized System Table 6 U.S. Export Price Indexes, by Harmonized System Table 7 U.S. Import Price Indexes, by Locality of Origin Table 8 U.S. International Price Indexes for Selected Transportation Services ------------------------------------------------------------------- Import and Export Price Index data for January 2007 are scheduled for release on February 15 at 8:30 A.M. (E.S.T.). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods December 2005-December 2006 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. END Description 2005 2006 2006 2006 2006 USE November November December to to to to to 2006 2006 2006 Dec. Sept. Oct. Nov. Dec. 1/ 2006 2006 2006 2006 2006 ALL COMMODITIES.......................................... 100.000 113.8 115.1 2.5 -2.2 -2.6 0.5 1.1 ALL IMPORTS EXCLUDING PETROLEUM.......................... 82.786 105.1 105.5 1.7 0.1 -0.6 0.9 0.4 ALL IMPORTS EXCLUDING FUELS (Dec. 2001=100)................................... 80.358 107.8 108.0 2.8 0.3 -0.1 0.1 0.2 0 FOODS, FEEDS, & BEVERAGES.............................. 4.487 121.6 122.3 4.1 0.2 0.1 0.5 0.6 00 Agricultural foods, feeds & beverages, excluding distilled beverages............. 3.400 132.0 133.3 4.8 0.4 0.3 0.9 1.0 01 Nonagricultural foods (fish, distilled beverages) 1.087 98.1 97.6 1.8 0.0 -0.7 -1.0 -0.5 1 INDUSTRIAL SUPPLIES & MATERIALS........................ 35.276 162.1 167.2 5.4 -5.8 -7.0 1.2 3.1 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM........................... 18.062 136.2 138.2 4.5 0.5 -3.0 4.0 1.5 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING FUELS (Dec. 2001=100)............... 15.634 144.3 145.0 11.3 1.0 -0.8 0.6 0.5 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE....................................... 10.127 138.4 139.3 14.7 1.5 -1.4 0.4 0.7 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM................ 7.936 132.5 135.9 -5.8 -0.7 -5.3 8.9 2.6 10 Fuels & lubricants............................... 19.643 195.1 205.2 1.4 -10.2 -11.5 1.9 5.2 100 Petroleum & petroleum products............... 17.215 199.1 208.7 6.2 -11.0 -10.8 -1.2 4.8 10000 Crude................................ 12.555 200.2 210.8 9.0 -10.9 -10.1 -1.8 5.3 11 Paper & paper base stocks........................ 0.967 113.4 113.2 6.7 0.2 0.1 0.2 -0.2 12 Materials associated with nondurable supplies & materials...................... 4.636 123.2 123.5 4.8 0.3 0.2 1.0 0.2 13 Selected building materials...................... 1.940 110.8 110.5 -5.5 0.5 -3.2 -1.2 -0.3 14 Unfinished metals related to durable goods....... 4.824 193.8 195.9 34.4 3.0 -0.9 0.6 1.1 15 Finished metals related to durable goods......... 1.682 128.4 129.3 9.9 -0.4 -1.7 1.7 0.7 16 Nonmetals related to durable goods............... 1.585 101.7 101.8 1.3 -0.2 0.2 0.2 0.1 2 CAPITAL GOODS.......................................... 21.560 91.3 91.4 0.4 0.0 0.0 0.0 0.1 20 Electric generating equipment.................... 2.603 103.0 103.1 3.8 0.6 -0.1 0.4 0.1 21 Nonelectrical machinery.......................... 17.251 87.8 87.8 -0.3 -0.1 0.0 0.0 0.0 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............ 1.707 109.2 109.3 3.0 0.1 0.6 0.2 0.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 14.703 104.3 104.2 0.6 0.0 0.2 0.0 -0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES..................................... 23.974 100.6 100.8 1.2 0.1 0.1 0.0 0.2 40 Nondurables, manufactured........................ 11.327 102.9 103.0 0.3 0.0 -0.1 0.0 0.1 41 Durables, manufactured........................... 11.442 98.0 98.2 2.1 0.1 0.1 0.1 0.2 42 Nonmanufactured consumer goods................... 1.205 102.0 102.2 1.0 0.4 1.6 -0.1 0.2 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 Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods December 2005-December 2006 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. END Description 2005 2006 2006 2006 2006 USE November November December to to to to to 2006 2006 2006 Dec. Sept. Oct. Nov. Dec. 1/ 2006 2006 2006 2006 2006 ALL COMMODITIES............................................. 100.000 111.9 112.7 4.6 -0.4 -0.3 0.4 0.7 AGRICULTURAL COMMODITIES.................................... 8.106 134.0 137.0 13.2 -0.5 0.9 4.4 2.2 NONAGRICULTURAL COMMODITIES................................. 91.894 110.3 110.9 3.8 -0.4 -0.4 0.1 0.5 0 FOODS, FEEDS, & BEVERAGES................................. 7.344 135.8 138.4 13.5 -0.5 1.1 4.3 1.9 00 Agricultural foods, feeds & beverages, excluding distilled beverages................ 6.619 137.5 140.3 15.3 -0.5 1.4 5.0 2.0 01 Nonagricultural foods (fish, distilled beverages)... 0.725 121.8 123.4 -0.2 -0.7 -1.0 -2.4 1.3 1 INDUSTRIAL SUPPLIES & MATERIALS........................... 30.141 137.9 140.1 9.5 -1.2 -1.6 0.4 1.6 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE.......................................... 11.121 146.7 150.3 16.4 0.1 -1.0 0.8 2.5 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE....................................... 19.019 133.3 134.8 5.8 -1.9 -2.0 0.2 1.1 10 Agricultural industrial supplies & materials........ 1.487 119.7 123.3 5.0 -0.6 -0.3 1.7 3.0 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS.................................. 28.654 139.1 141.3 9.8 -1.3 -1.6 0.4 1.6 11 Fuels & lubricants.................................. 4.543 181.4 189.1 15.7 -7.8 -7.1 2.2 4.2 12 Nonagricultural supplies & materials excluding fuels & building materials......... 22.964 135.5 136.9 8.9 0.2 -0.7 0.1 1.0 13 Selected building materials......................... 1.147 110.4 112.2 5.4 -0.1 0.3 0.1 1.6 2 CAPITAL GOODS............................................. 39.600 98.8 98.9 1.2 0.2 0.2 0.1 0.1 20 Electrical generating equipment..................... 3.862 106.0 106.2 2.5 0.2 0.8 0.1 0.2 21 Nonelectrical machinery............................. 29.114 92.7 92.7 0.2 0.2 0.1 0.0 0.0 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............... 6.624 118.7 119.2 4.7 0.2 0.3 0.5 0.4 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES...................... 10.675 105.2 105.5 1.5 0.1 0.1 -0.1 0.3 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES........................................ 12.240 103.9 104.0 2.1 0.1 -0.1 0.0 0.1 40 Nondurables, manufactured........................... 5.989 103.5 103.6 2.0 0.1 -0.2 -0.1 0.1 41 Durables, manufactured.............................. 5.255 103.1 103.3 1.8 0.2 0.0 0.0 0.2 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 Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods December 2005-December 2006 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. NAICS Description 2005 2006 2006 2006 2006 November November December to to to to to 2006 2006 2006 Dec. Sept. Oct. Nov. Dec. 1/ 2006 2006 2006 2006 2006 Nonmanufactured Articles...................................... 16.660 97.0 102.2 2.2 -8.9 -10.6 2.0 5.4 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 1.498 105.9 107.7 7.7 0.2 -0.8 0.7 1.7 111 Agricultural products............................. 1.075 104.4 107.9 7.9 1.0 0.2 2.0 3.4 21 OIL, GAS, MINERALS AND ORES........................... 15.162 96.2 101.7 1.7 -9.7 -11.5 2.1 5.7 Manufactured Articles......................................... 82.696 102.6 103.0 3.0 -0.5 -0.7 0.1 0.4 31 MANUFACTURED GOODS, PART 1............................ 10.698 101.4 101.4 1.4 0.0 0.0 0.2 0.0 311 Food and kindred products......................... 2.570 103.6 103.8 3.8 0.1 0.2 0.3 0.2 312 Beverages and tobacco products.................... 0.835 102.2 102.2 2.2 0.1 0.3 0.1 0.0 313 Textiles and fabrics.............................. 0.531 103.6 103.7 3.7 -0.3 0.3 0.0 0.1 314 Textile mill products............................. 0.748 100.6 100.6 0.6 -0.1 -0.1 0.0 0.0 315 Apparel and accessories........................... 4.500 100.0 100.0 0.0 0.0 -0.1 0.1 0.0 316 Leather and allied products....................... 1.513 100.9 101.0 1.0 0.1 0.1 -0.1 0.1 32 MANUFACTURED GOODS, PART 2............................ 17.397 100.8 101.8 1.8 -3.3 -3.2 0.2 1.0 321 Wood products..................................... 1.242 89.6 89.5 -10.5 0.8 -4.8 -2.0 -0.1 322 Paper............................................. 1.523 105.6 105.5 5.5 0.3 0.0 0.2 -0.1 324 Petroleum and coal products....................... 3.861 94.6 98.1 -1.9 -13.5 -12.1 0.6 3.7 325 Chemicals......................................... 7.891 104.3 104.8 4.8 0.3 0.3 0.4 0.5 326 Plastics and rubber products...................... 1.663 103.5 103.6 3.6 0.5 0.1 0.2 0.1 327 Nonmetallic mineral products...................... 1.110 103.1 102.9 2.9 0.1 0.1 -0.6 -0.2 33 MANUFACTURED GOODS, PART 3............................ 54.601 103.5 103.7 3.7 0.3 0.0 0.2 0.2 331 Primary metals.................................... 5.542 134.9 136.9 36.9 2.9 -1.6 1.5 1.5 332 Fabricated metal products, nesoi.................. 2.549 105.1 105.4 5.4 0.4 -0.1 0.4 0.3 333 Machinery, except electrical...................... 6.460 102.6 102.9 2.9 0.1 0.2 0.0 0.3 334 Computer and electronic products.................. 14.304 97.5 97.5 -2.5 -0.2 0.0 -0.1 0.0 335 Electrical equipment, appliances, and components.. 3.639 103.5 103.7 3.7 0.5 0.1 0.2 0.2 336 Transportation equipment.......................... 15.601 100.7 100.7 0.7 0.0 0.3 -0.1 0.0 337 Furniture and fixtures............................ 1.520 100.7 100.6 0.6 0.2 0.0 0.1 -0.1 339 Miscellaneous manufactured commodities............ 4.984 105.0 105.1 5.1 0.0 0.7 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 Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods December 2005-December 2006 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. NAICS Description 2005 2006 2006 2006 2006 November November December to to to to to 2006 2006 2006 Dec. Sept. Oct. Nov. Dec. 1/ 2006 2006 2006 2006 2006 Nonmanufactured Articles...................................... 6.292 111.0 113.7 13.7 -3.7 -0.9 10.2 2.4 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 4.507 115.5 118.5 18.5 -2.0 1.9 7.7 2.6 111 Agricultural products............................. 4.081 116.7 120.1 20.1 -1.9 2.2 8.6 2.9 21 OIL, GAS, MINERALS AND ORES........................... 1.785 101.2 103.2 3.2 -7.7 -7.9 17.3 2.0 211 Oil and gas....................................... 0.569 103.0 103.7 3.7 -12.9 -24.1 62.7 0.7 212 Minerals and ores................................. 1.216 100.4 103.0 3.0 -5.7 -1.5 3.7 2.6 Manufactured Articles......................................... 91.281 102.7 103.1 3.1 -0.2 -0.3 -0.1 0.4 31 MANUFACTURED GOODS, PART 1............................ 6.668 102.5 103.6 3.6 0.3 0.2 0.3 1.1 311 Food and kindred products......................... 3.849 104.7 106.3 6.3 0.7 -0.1 0.5 1.5 312 Beverages and tobacco products.................... 0.560 99.8 100.0 0.0 -0.8 -0.3 -0.1 0.2 313 Textiles and fabrics.............................. 1.059 98.2 98.2 -1.8 0.2 1.1 0.2 0.0 315 Apparel and accessories........................... 0.622 100.1 100.1 0.1 0.0 0.0 0.0 0.0 32 MANUFACTURED GOODS, PART 2............................ 23.628 104.2 105.0 5.0 -1.1 -1.3 -0.7 0.8 321 Wood products..................................... 0.567 105.2 106.5 6.5 0.0 0.1 1.1 1.2 322 Paper............................................. 2.156 107.7 107.7 7.7 0.3 0.5 0.0 0.0 324 Petroleum and coal products....................... 2.451 104.9 111.9 11.9 -11.5 -8.8 0.3 6.7 325 Chemicals......................................... 15.008 103.8 103.7 3.7 0.5 -0.6 -1.2 -0.1 326 Plastics and rubber products...................... 2.451 103.6 103.6 3.6 0.1 0.4 0.0 0.0 327 Nonmetallic mineral products...................... 0.892 102.4 104.1 4.1 0.3 -0.3 0.1 1.7 33 MANUFACTURED GOODS, PART 3............................ 60.985 102.2 102.3 2.3 0.2 0.0 0.1 0.1 331 Primary metals.................................... 3.909 117.9 118.5 18.5 0.2 -2.2 0.4 0.5 332 Fabricated metal products, nesoi.................. 2.769 107.3 107.4 7.4 -0.1 0.3 0.3 0.1 333 Machinery, except electrical...................... 12.152 102.9 103.1 3.1 0.2 0.3 0.2 0.2 334 Computer and electronic products.................. 17.852 97.6 97.4 -2.6 0.2 -0.2 -0.2 -0.2 335 Electrical equipment, appliances, and components.. 3.495 102.3 102.5 2.5 -0.1 0.7 0.1 0.2 336 Transportation equipment.......................... 16.233 102.5 102.8 2.8 0.2 0.2 0.2 0.3 339 Miscellaneous manufactured commodities............ 4.244 102.7 102.8 2.8 0.2 0.4 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 Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods December 2005-December 2006 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Dec. Aug. Sept. Oct. Nov. nized Description 2005 2006 2006 2006 2006 System November November December to to to to to 2006 2006 2006 Dec. Sept. Oct. Nov. Dec. 1/ 2006 2006 2006 2006 2006 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.240 119.9 118.9 3.1 0.4 -0.2 -0.7 -0.8 02 Meat and edible meat offal.......................... 0.360 143.1 141.5 2.1 -0.1 1.4 0.5 -1.1 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.643 96.4 95.6 3.7 0.4 -0.9 -1.7 -0.8 2/ Other live animals; animal products................. 0.236 154.7 153.8 2.9 1.6 -1.2 0.3 -0.6 II VEGETABLE PRODUCTS........................................ 1.221 123.3 127.0 6.7 0.1 0.9 2.2 3.0 07 Edible vegetables, roots, and tubers................ 0.339 164.3 180.0 7.5 -0.4 1.9 -0.2 9.6 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.304 87.6 89.0 1.4 -0.3 -1.0 0.9 1.6 09 Coffee, tea, mate and spices........................ 0.271 135.7 137.4 19.3 1.7 2.4 4.0 1.3 2/ Other vegetable products............................ 0.307 123.3 121.7 1.7 0.0 0.6 4.8 -1.3 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.090 119.4 119.8 3.6 0.1 -0.1 0.3 0.3 2/ Other prepared foodstuffs........................... 0.811 128.2 129.2 3.8 0.2 -0.1 0.5 0.8 20 Preparations of vegetables, fruit, nuts, or other parts of plants............... 0.264 118.7 119.8 9.4 0.3 0.3 0.7 0.9 22 Beverages, spirits, and vinegar..................... 0.794 110.3 110.3 3.2 0.1 -0.5 0.2 0.0 V MINERAL PRODUCTS.......................................... 19.443 194.1 204.1 1.3 -10.1 -11.5 1.9 5.2 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 19.089 193.2 203.4 1.1 -10.2 -11.7 1.9 5.3 2/ Other mineral products (Dec. 2001=100).............. 0.354 144.5 145.4 14.3 0.5 1.1 0.8 0.6 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 7.217 116.9 117.7 4.9 0.1 1.0 0.3 0.7 28 Inorganic chemicals................................. 0.787 168.7 173.6 14.4 3.0 3.8 1.6 2.9 29 Organic chemicals................................... 2.876 119.9 120.2 9.9 -0.7 1.6 0.0 0.3 30 Pharmaceutical products............................. 1.971 105.3 106.0 -3.7 -0.2 -0.5 -0.1 0.7 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty............ 0.179 101.8 101.8 1.1 2.8 0.3 0.1 0.0 33 Essential oils and resinoids (Dec. 2001=100)........ 0.394 110.4 110.4 3.3 -0.2 1.4 -0.4 0.0 38 Miscellaneous chemical products..................... 0.410 95.1 95.5 3.5 0.9 0.5 -0.1 0.4 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 2.908 121.2 120.4 2.6 -0.2 -0.5 -0.2 -0.7 39 Plastics and articles thereof....................... 1.903 119.0 118.4 0.1 0.3 -0.3 -0.3 -0.5 40 Rubber and articles thereof......................... 1.005 125.5 124.4 7.5 -1.2 -0.9 -0.2 -0.9 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.636 105.7 105.8 1.7 0.1 0.1 -0.1 0.1 42 Articles of leather; travel goods, bags, etc. of various materials.................... 0.546 105.8 105.9 1.9 0.1 0.0 0.0 0.1 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 1.331 110.8 110.9 -8.8 0.8 -4.8 -1.7 0.1 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 1.714 109.4 109.3 4.8 0.3 -0.2 0.0 -0.1 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard............. 0.238 126.6 126.6 20.0 1.4 0.2 1.0 0.0 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.200 106.4 106.3 2.7 0.0 -0.3 -0.2 -0.1 49 Printed matter...................................... 0.277 115.0 115.0 2.4 0.3 0.3 0.0 0.0 XI TEXTILE AND TEXTILE ARTICLES.............................. 5.588 101.1 101.1 0.5 0.0 0.1 0.0 0.0 61 Articles of apparel and clothing accessories, knitted or crocheted............ 2.028 100.2 100.2 0.6 -0.1 0.0 0.1 0.0 62 Articles of apparel and clothing accessories, not knitted or crocheted........ 2.248 99.5 99.5 -0.6 0.0 -0.2 0.1 0.0 63 Made-up or worn textile articles.................... 0.501 94.4 94.4 1.2 0.0 -0.1 0.0 0.0 2/ Other textile & textile articles.................... 0.811 111.3 111.2 3.2 0.5 0.7 -0.2 -0.1 XII HEADGEAR, UMBRELLAS, ARTIFICIAL FLOWERS, ETC............................. 1.267 100.7 100.8 0.6 0.1 0.0 0.0 0.1 64 Footwear and parts of such articles................ 1.067 101.2 101.3 0.6 0.1 0.0 0.0 0.1 2/ Other footwear, headgear, umbrellas, whips, art. flowers, etc...................... 0.200 97.7 97.7 0.4 0.0 0.0 0.0 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.979 108.6 108.6 3.2 0.1 0.1 -0.5 0.0 68 Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100)............ 0.327 103.4 102.1 1.2 -0.1 0.3 -0.2 -1.3 69 Ceramic products.................................... 0.312 113.2 113.9 3.5 0.3 -0.2 0.0 0.6 70 Glass and glassware................................. 0.340 108.3 108.7 4.7 0.1 0.0 -1.2 0.4 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 2.814 125.0 128.1 20.2 0.6 -0.8 0.3 2.5 XV BASE METALS AND ARTICLES OF BASE METAL.................... 6.792 162.8 163.5 23.0 1.8 -0.6 1.0 0.4 72 Iron and steel...................................... 1.765 185.5 184.1 19.5 4.8 0.1 -1.4 -0.8 73 Articles of iron or steel........................... 1.458 125.6 125.9 2.4 -0.2 0.0 -0.2 0.2 74 Copper and articles thereof......................... 0.865 296.8 292.5 61.4 1.1 -6.2 3.2 -1.4 76 Aluminum and articles thereof....................... 1.054 142.2 144.2 19.0 -1.3 0.4 1.5 1.4 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.386 107.3 107.6 3.4 0.2 0.2 0.0 0.3 83 Miscellaneous articles of base metal................ 0.478 123.1 124.7 10.9 1.1 0.5 0.3 1.3 2/ Other base metals and articles of base metals....... 0.785 246.1 256.5 96.3 5.7 0.9 6.8 4.2 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC................. 23.897 88.1 88.1 -0.1 0.0 -0.1 0.1 0.0 84 Machinery and mechanical appliances; parts thereof.. 12.425 88.4 88.5 0.1 -0.1 -0.1 0.1 0.1 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts........ 11.472 87.7 87.7 -0.2 0.0 0.0 -0.1 0.0 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 13.591 105.4 105.3 0.7 0.0 0.3 0.1 -0.1 87 Motor vehicles and their parts...................... 12.510 104.6 104.6 0.6 0.0 0.3 -0.1 0.0 88 Aircraft, spacecraft, and parts thereof (Dec. 2002=100)...................... 0.934 107.7 107.8 2.6 0.1 0.6 0.3 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 3.178 99.6 99.8 0.1 0.1 0.2 -0.1 0.2 90 Optical, photographic, measuring and medical instruments.......................... 2.823 98.1 98.2 -0.6 0.1 0.2 -0.2 0.1 91 Clocks and watches and parts thereof................ 0.256 113.2 115.7 7.2 0.0 1.3 0.0 2.2 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 3.873 100.1 100.2 0.7 0.1 0.3 0.0 0.1 94 Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldg........ 2.247 104.0 104.1 0.8 0.2 0.2 0.1 0.1 95 Toys, games and sports equipment; parts and accessories thereof...................... 1.410 95.3 95.3 0.8 0.1 0.3 0.1 0.0 96 Miscellaneous manufactured articles................. 0.216 101.8 101.9 0.7 -0.1 0.1 0.0 0.1 1 Relative importance figures are based on 2004 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods December 2005-December 2006 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Dec. Aug. Sept. Oct. Nov. nized Description 2005 2006 2006 2006 2006 System November November December to to to to to 2006 2006 2006 Dec. Sept. Oct. Nov. Dec. 1/ 2006 2006 2006 2006 2006 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.346 131.6 132.2 0.8 -0.1 -1.0 -1.5 0.5 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.431 118.2 119.5 -2.6 -1.0 -2.3 -2.4 1.1 II VEGETABLE PRODUCTS........................................ 4.097 148.3 152.6 23.7 -0.8 2.7 7.9 2.9 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.614 106.8 113.1 -2.6 -2.9 -7.0 -3.2 5.9 10 Cereals............................................. 2.008 171.0 175.0 44.2 1.7 6.9 13.5 2.3 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder............. 0.930 135.0 136.0 11.2 -2.9 1.8 11.8 0.7 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.312 115.0 116.0 4.8 0.2 0.4 0.7 0.9 21 Miscellaneous edible preparations................... 0.436 109.7 109.7 0.9 0.2 0.1 0.8 0.0 23 Residues and waste from the food industries; prepared animal feed............. 0.432 133.2 138.7 12.3 0.5 2.3 2.9 4.1 2/ Other prepared foods................................ 0.795 110.5 111.0 3.2 -0.3 -0.6 0.2 0.5 V MINERAL PRODUCTS.......................................... 4.464 222.8 232.0 12.5 -8.1 -7.2 7.4 4.1 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 3.608 205.1 213.3 9.7 -9.0 -8.5 6.5 4.0 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 12.314 124.3 124.4 6.1 0.5 -0.1 -0.6 0.1 28 Inorganic chemicals................................. 1.237 161.0 161.7 27.2 1.3 0.9 0.4 0.4 29 Organic chemicals................................... 4.311 138.5 137.6 5.9 1.1 -0.8 -2.2 -0.6 30 Pharmaceutical products............................. 2.426 109.7 110.1 3.2 0.4 -0.1 -0.2 0.4 31 Fertilizers......................................... 0.375 150.2 150.2 -6.2 -1.1 1.3 0.0 0.0 32 Tanning or dyeing extracts, dyes, paints, varnish, putty, & inks............... 0.655 113.7 117.5 10.2 0.1 0.1 3.5 3.3 33 Essential oils and resinoids; perfumery, cosmetic or toilet................ 0.703 113.9 113.9 1.8 0.1 0.8 -1.1 0.0 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes........... 0.414 110.2 109.0 3.2 -0.6 0.5 1.3 -1.1 37 Photographic or cinematographic goods............... 0.366 104.2 104.4 1.5 0.2 -0.2 -0.3 0.2 38 Miscellaneous chemical products..................... 1.624 112.9 113.1 3.7 0.2 0.4 0.2 0.2 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 5.827 127.0 126.2 -0.9 0.2 -1.1 -1.6 -0.6 39 Plastics and articles thereof....................... 4.695 123.3 122.3 -2.4 0.2 -1.4 -2.1 -0.8 40 Rubber and articles thereof......................... 1.132 142.5 142.4 6.0 -0.2 0.1 0.2 -0.1 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.494 119.9 122.7 8.3 0.6 1.1 0.6 2.3 41 Raw hides and skins (other than furskins) and leather........................ 0.356 114.9 118.7 9.6 0.8 1.4 0.9 3.3 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 0.761 110.2 110.2 5.9 -0.4 0.2 1.6 0.0 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 2.701 107.2 108.0 7.0 0.5 0.0 0.0 0.7 47 Woodpulp and recovered paper........................ 0.603 102.7 106.5 14.1 1.7 0.0 1.1 3.7 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.504 106.9 106.9 6.9 0.2 0.5 -0.3 0.0 49 Printed material.................................... 0.594 116.1 115.8 0.8 -0.2 -1.2 -0.4 -0.3 XI TEXTILE AND TEXTILE ARTICLES.............................. 2.695 101.5 102.2 0.9 -0.5 -0.4 0.3 0.7 52 Cotton, including yarns and woven fabrics thereof... 0.722 92.2 94.4 1.6 -2.6 -1.7 1.5 2.4 61 Apparel & clothing knitted or crocheted (Dec. 2001=100)................. 0.319 94.6 94.6 -0.2 0.1 -0.1 0.0 0.0 2/ Other textile and textile articles (Dec. 2001=100).. 1.654 115.0 115.0 0.7 0.3 0.2 -0.2 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.818 103.8 105.2 2.0 0.3 -0.2 -0.1 1.3 70 Glass and glassware................................. 0.460 95.1 95.2 -0.1 0.5 -0.4 0.0 0.1 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 2.849 136.4 146.7 25.3 0.4 -1.7 0.4 7.6 XV BASE METALS AND ARTICLES OF BASE METALS................... 5.700 158.0 158.5 16.6 0.4 -0.6 0.8 0.3 72 Iron and steel...................................... 1.201 178.9 179.9 14.1 1.7 -1.7 -0.8 0.6 73 Articles of iron or steel........................... 1.334 138.4 138.6 9.1 0.0 -0.1 0.3 0.1 74 Copper and articles thereof......................... 0.837 254.8 246.2 44.7 -0.2 -1.0 2.9 -3.4 76 Aluminum and articles thereof....................... 0.945 143.1 148.7 23.0 -1.5 0.2 2.1 3.9 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.420 112.8 112.8 5.8 0.0 1.3 0.0 0.0 83 Miscellaneous articles of base metal................ 0.441 124.2 124.3 6.0 -0.6 -0.3 0.1 0.1 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC............... 32.184 93.9 93.9 0.2 0.1 0.2 0.0 0.0 84 Machinery and mechanical appliances; parts thereof.. 18.018 102.3 102.3 2.1 0.2 0.2 0.0 0.0 85 Electrical machinery and equipment and parts and accessories thereof............ 14.166 84.8 84.8 -2.0 0.0 0.1 0.1 0.0 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 13.353 112.3 112.7 2.5 0.2 0.2 0.1 0.4 87 Motor vehicles and their parts...................... 8.791 104.9 105.2 1.2 0.0 0.2 -0.1 0.3 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 6.274 102.6 102.6 1.0 0.1 0.2 0.0 0.0 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 1.441 103.0 104.0 3.9 0.1 0.0 1.3 1.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi;........... 0.796 110.2 112.3 6.5 -0.1 0.2 2.3 1.9 95 Toys, games and sports equipment; parts and accessories thereof...................... 0.505 94.7 94.7 0.6 0.4 -0.4 -0.1 0.0 1 Relative importance figures are based on 2004 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin December 2005-December 2006 2000=100, unless otherwise noted Index Percent Change Annual Monthly Percentage Dec. Aug. Sept. Oct. Nov. Description of 2005 2006 2006 2006 2006 U.S. November December to to to to to Imports 2006 2006 Dec. Sept. Oct. Nov. Dec. 1/ 2006 2006 2006 2006 2006 2/ Industrialized Countries............................ 46.371 116.3 117.3 2.8 -0.6 -2.2 1.7 0.9 Nonmanufactured Articles....................... 3.994 177.4 189.8 -4.7 -9.1 -14.2 12.6 7.0 Manufactured Articles.......................... 41.944 111.5 111.7 3.7 0.5 -0.9 0.6 0.2 3/ Other Countries..................................... 53.651 110.7 112.0 2.3 -2.6 -2.7 -0.2 1.2 Nonmanufactured Articles....................... 9.299 183.0 192.0 5.9 -9.4 -9.2 -1.5 4.9 Manufactured Articles.......................... 44.152 100.7 100.8 1.2 -0.3 -0.7 0.2 0.1 Canada.............................................. 17.089 128.0 130.0 0.3 -2.3 -4.5 3.3 1.6 Nonmanufactured Articles....................... 3.239 179.0 192.8 -7.0 -9.7 -16.0 16.4 7.7 Manufactured Articles.......................... 13.575 118.8 118.6 2.6 0.0 -1.2 0.3 -0.2 4/ European Union...................................... 18.654 120.5 121.0 5.7 1.3 0.2 -0.2 0.4 Nonmanufactured Articles....................... 0.367 200.4 208.8 9.3 -6.9 -5.8 -3.2 4.2 Manufactured Articles.......................... 18.150 119.0 119.3 5.7 1.5 0.3 0.3 0.3 France (Dec. 2003=100).............................. 1.971 105.0 105.7 4.0 0.2 1.0 -0.1 0.7 Germany (Dec. 2003=100)............................. 5.187 105.5 105.7 2.3 0.4 0.3 0.3 0.2 United Kingdom (Dec. 2003=100)...................... 2.947 117.8 118.6 5.2 1.3 -0.4 -0.6 0.7 5/ Latin America....................................... 17.406 135.8 136.8 4.4 -3.3 -2.7 -0.4 0.7 Nonmanufactured Articles....................... 4.158 189.4 199.0 7.8 -10.1 -8.0 0.1 5.1 Manufactured Articles.......................... 13.173 127.0 125.8 2.9 -0.2 -0.4 -0.7 -0.9 Mexico (Dec. 2003=100).............................. 10.594 118.5 118.7 5.2 -2.9 -1.9 -0.1 0.2 6/ Pacific Rim (Dec. 2003=100)......................... 34.090 98.4 98.5 -0.3 -0.1 -0.3 -0.1 0.1 China (Dec. 2003=100)............................... 13.773 97.3 97.4 -1.1 -0.2 -0.1 0.0 0.1 Japan............................................... 8.920 94.1 94.2 -1.1 -0.1 -0.2 -0.1 0.1 7/ Asian NICs.......................................... 7.216 88.9 89.0 0.6 -0.3 -0.1 -0.3 0.1 8/ ASEAN (Dec. 2003=100)............................... 6.086 98.0 98.0 0.6 -0.6 -0.6 -0.4 0.0 9/ Asia Near East (Dec. 2003=100)...................... 3.547 162.3 168.9 5.8 -8.1 -6.4 -2.1 4.1 1 Percentage of trade figures are based on 2004 trade values. 2 Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa. 3 Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere. 4 Includes European Union countries. 5 Includes Mexico, Central America, South America and the Caribbean. 6 Includes China, Japan, Asia Newly Industrialized Countries, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea and Philippines. 7 Asia Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan. 8 Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. 9 Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen. NOTES: Data may be revised in each of the three months after original publication. Regions are not mutually exclusive. n.a. Not available Table 8 U.S. International Price Indexes and Percent Changes for Selected Transportation Services December 2005-December 2006 2000=100, unless otherwise noted Index Percent Change Relative import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. Description 2005 2006 2006 2006 2006 November November December to to to to to 2006 2006 2006 Dec. Sept. Oct. Nov. Dec. 1/ 2006 2006 2006 2006 2006 AIR FREIGHT Import Air Freight................................ 100.000 129.9 131.1 1.7 0.5 -0.2 -2.3 0.9 Europe (Dec. 2003=100)....................... 38.410 125.2 127.4 6.2 1.4 -0.7 -4.4 1.8 Asia......................................... 49.314 114.5 115.1 -1.7 -0.2 0.3 -1.2 0.5 Export Air Freight................................ 100.000 116.6 116.7 4.2 1.4 -0.4 -0.7 0.1 Inbound Air Freight............................... 100.000 126.4 127.1 2.0 0.5 -0.7 -1.2 0.6 Europe (Dec. 2003=100)....................... 38.835 122.1 123.3 6.3 0.8 -1.3 -2.5 1.0 Asia......................................... 48.633 110.3 110.6 -1.4 0.1 -0.1 -0.5 0.3 Outbound Air Freight.............................. 100.000 114.2 113.8 1.6 0.7 -1.0 -1.3 -0.4 Europe (Dec. 2003=100)....................... 41.860 128.6 128.6 1.7 0.1 -1.4 -1.6 0.0 Asia......................................... 41.914 105.1 104.3 -0.6 -0.6 -0.7 -1.4 -0.8 AIR PASSENGER FARES Import Air Passenger Fares........................ 100.000 121.4 125.4 7.8 -5.4 -4.1 -3.3 3.3 Europe....................................... 59.943 113.9 114.0 8.9 -3.8 -6.8 -4.4 0.1 Asia......................................... 13.471 109.6 129.4 0.6 -15.2 -2.3 -0.6 18.1 Latin America/Caribbean...................... 10.776 120.2 124.1 7.4 -3.6 1.8 -0.6 3.2 Export Air Passenger Fares........................ 100.000 136.1 137.3 7.0 -7.6 -1.9 -2.6 0.9 Europe....................................... 30.648 160.9 162.2 12.7 -7.8 -1.0 -7.1 0.8 Asia......................................... 34.132 108.2 108.3 1.5 -15.2 -4.5 -1.0 0.1 Latin America/Caribbean...................... 18.670 154.9 157.8 5.3 1.5 0.8 0.3 1.9 Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000 116.6 118.5 9.2 -7.5 -1.4 -4.6 1.6 Europe (Dec. 2003=100)....................... 39.978 114.9 116.7 13.0 -9.6 -0.4 -8.9 1.6 Asia (Dec. 2003=100)......................... 28.959 105.0 107.3 4.3 -12.4 -4.5 -2.6 2.2 Latin America/Caribbean (Dec. 2003=100)...... 15.176 121.8 123.5 7.0 1.3 1.1 -0.3 1.4 Canada (Dec. 2003=100)....................... 10.459 161.9 164.4 13.8 2.9 -0.3 -0.2 1.5 Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000 117.7 119.3 7.7 -3.7 -4.2 -2.8 1.4 Europe (Dec. 2003=100)....................... 50.220 118.7 118.5 8.6 -3.1 -7.9 -4.5 -0.2 Asia (Dec. 2003=100)......................... 14.920 107.2 114.6 4.4 -11.8 -2.0 -2.5 6.9 Latin America/Caribbean (Dec. 2003=100)...... 20.143 113.0 113.9 4.8 -0.8 0.5 0.0 0.8 Canada (Dec. 2003=100)....................... 9.471 164.0 165.9 15.9 0.1 0.0 0.0 1.2 CRUDE OIL TANKER FREIGHT 2/ Inbound Crude Oil Tanker Freight.................. 100.000 n.a. n.a. n.a. 5.3 -0.7 n.a. n.a. OCEAN LINER FREIGHT Inbound Ocean Liner Freight....................... 100.000 114.1 114.0 -10.1 0.3 -0.3 0.2 -0.1 U.S. East Coast.............................. 40.383 118.7 118.6 -7.6 0.2 -0.6 0.3 -0.1 From Atlantic.......................... 17.507 118.0 118.0 -11.1 0.1 -1.2 -0.8 0.0 From Pacific........................... 16.968 122.7 122.6 -1.5 0.3 -0.1 1.3 -0.1 U.S. West Coast.............................. 59.617 111.7 111.7 -11.6 0.2 0.0 0.1 0.0 1 Relative importance figures are based on 2000 trade values. 2 Publication of the Crude Oil Tanker Freight Indexes is lagged two months, as are the relative importance figures. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are not seasonally adjusted. Price indexes for merchandise goods are reweighted annually, with a two-year lag in the weights. Published series use a base year of 2000=100 where possible. More detailed index series and additional information may be obtained at http://www.bls.gov/mxp, or by calling (202) 691-7101. Merchandise Goods Classification Systems -- The merchandise price indexes are published using three classification systems. Items are classified, respectively, by end use for the Bureau of Economic Analysis System, industry for the North American Industry Classification System (NAICS), and product category for the Harmonized System (HS). While classification by end use and product category are self-explanatory, a couple of notes are in order for classifying items by industry. In the NAICS tables, for both imports and exports, items are classified by output industry, not input industry. As an example, NAICS import index 326 (plastics and rubber products) would include outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS classification structure also matches the classification system used by the PPI to produce the NAICS primary products indexes. Import Price Indexes -- Products have been classified by the Harmonized Tariff Schedule of the United States Annotated (TSUSA). Import prices are based on U.S. dollar prices paid by the U.S. importer. The prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) U.S. port transaction prices, depending on the practices of the individual industry. The index for crude petroleum is calculated from data collected by the U.S. Department of Energy. Export Price Indexes -- Products have been classified by the Harmonized Schedule B classification system of the U.S. Bureau of the Census. The prices used are generally either "free alongside ship" (f.a.s.) factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture. Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for the Import Price Indexes. Beginning with January 2002, the indexes are defined by locality of origin using a nomenclature based upon the North American Industry Classification System (NAICS). Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are defined as NAICS 31-33. Services Price Indexes -- Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represent transactions between U.S. and foreign residents) and International (which represent transactions inbound to and outbound from the U.S.). The Air Passenger Fares Indexes are calculated from data collected from a commercial airline reservation system. These data exclude frequent flyer tickets and those sold by consolidators. The Crude Oil Tanker Freight Indexes are calculated from data collected by the U. S. Department of Energy, and the publication of these indexes is lagged two months. The Air Freight and Ocean Liner Freight Indexes are calculated from data collected directly from companies. Fact sheets specifying detailed information for each services industry are available at http://www.bls.gov/mxp under "Publications and Other Documentation." Revision Policy -- To reflect the availability of late reports and corrections by respondents, monthly data may be revised in each of the three months after original publication. After three months, no further data revisions take place. So, for example, data released in the January release will be subject to revision in the releases for February, March, and April. Uses of the Data -- The primary use of the indexes is to deflate trade statistics, notably the foreign trade sector of the National Income and Product Accounts constructed by the Department of Commerce. Other published indexes are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Income and Product Accounts, while International indexes are more appropriate for market analysis. Merchandise and services indexes also can be used to study U.S. competitiveness and price elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade analysis. Mailing List -- If you wish to be added to the mailing list to receive a copy of the U.S. Import and Export Price Index News Release, please either call the IPP information line at (202) 691-7101 or send e-mail to (mxpinfo@bls.gov) to provide your name and mailing address. You may also contact the IPP at the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212-0001 The information you provide will be used to register you for delivery of selected publications. The Bureau of Labor Statistics (BLS) is authorized to request this information under 5 United States Code (USC) Section 301. Furnishing such information is voluntary, however, BLS may not be able to register you for the subscription service if you fail to do so. As part of helping us assess the quality of our customer service, BLS may contact subscribers with a customer service survey. In addition, the IPP news release is now available through an e-mail subscription service at (http://www.bls.gov/mxp) or (http://www.bls.gov/bls/newsrels.htm). Additional Information -- More detailed IPP data are available on the IPP home page at (http://www.bls.gov/mxp). 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.