Technical Information Jim Thomas (202) 606-7155 USDL-98-11 Bill Alterman (202) 606-7108 For release: 10:00 A.M. E.S.T. Media contact: Wednesday, January 14, 1998 Kathryn Hoyle (202) 606-5902 Internet Address: http://stats.bls.gov/ipphome.htm U.S. IMPORT AND EXPORT PRICE INDEXES -DECEMBER 1997- The U.S. Import Price Index fell 0.6 percent in December, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decrease was attributable to the continuing decline in nonpetroleum prices, as well as the recent downturn in petroleum prices. The U.S. Export Price Index also fell in December, decreasing 0.4 percent. 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 1996 December 0.3 2.0 0.1 0.0 -0.9 0.1 1997 January -0.3 0.6 -0.4 0.1 0.1 0.0 February -0.9 -8.1 -0.1 0.2 2.1 0.0 March -1.3 -8.7 -0.4 0.1 1.5 -0.1 April -1.1 -7.3 -0.5 0.0 -0.4 0.0 May 0.0 1.1 -0.1 -0.3 -1.2 0.0 June -0.1 -2.0 0.1 -0.1 -2.0 0.1 July -0.2 -1.3 -0.2 0.0 -1.1 0.0 August -0.1 2.3 -0.3 0.0 0.1 0.0 September -0.1 0.2 r 0.0 r -0.3 -0.1 -0.3 October 0.2 r 5.6 r -0.3 -0.4 -1.8 -0.2 November -0.5 r -5.0 r -0.1 0.0 0.7 r -0.1 December -0.6 -5.4 -0.2 -0.4 -0.8 -0.3 December 1995-96 1.5 33.8 -1.7 -1.2 -6.9 -0.3 December 1996-97 -4.9 -25.5 -2.5 -1.1 -3.0 -0.9 r = revised to reflect late reports and corrections by respondents. For the year ended in December, import prices fell 4.9 percent, compared with a 1.5 percent gain for the December 1995-96 period. The annual decrease was the largest recorded for the import price index since publication of the series began in 1983. Export prices fell 1.1 percent for the year ended in December 1997, about the same as the 1.2 percent decline over the previous 12-month period. Import Goods The December import price decrease of 0.6 percent was the tenth decline in the last 12 months and followed a drop of 0.5 percent in November. Nonpetroleum import prices continued a two-year downward trend, falling 0.2 percent in December. Over the past 12 months, the index for nonpetroleum imports fell 2.5 percent after declining 1.7 percent over the December 1995-96 period. Petroleum prices also contributed to the recent drop in import prices, falling 5.4 percent in December and 5.0 percent in November. The price index for petroleum imports dropped 25.5 percent for the December 1996-97 period, in contrast to a 33.8 percent increase over the previous 12-month period. The index for imported capital goods decreased 0.3 percent for the second consecutive month. Capital goods prices fell 7.2 percent for the year ended in December, compared with a 3.8 percent decline over the previous 12-month period. Import prices for industrial supplies and materials excluding petroleum reversed trend in December, falling 0.5 percent after rising 0.6 percent in the previous month. For the year ended in December, this index was down 0.8 percent. Automotive vehicles, parts, and engines also fell in December, edging down 0.1 percent. Despite the decrease, this index was up a modest 0.5 percent over the 12 months ended in December. In contrast, the index for foods, feeds, and beverages rose 0.7 percent last month, following declines of 0.9 percent in November and 0.8 percent in October. The turnaround was primarily attributable to a rebound in coffee prices. In addition, import prices for consumer goods edged up 0.1 percent in December. Over the past 12 months, however, the index was down 0.9 percent. Export Goods The price index for all exports declined for the third time in the last four months, as a decrease in agricultural export prices combined with a continuing decline in the price index for nonagricultural exports. Agricultural export prices resumed a downward trend, falling 0.8 percent in December after increasing 0.7 percent in the previous month. The agricultural index has fallen in seven of the past nine months and was down 3.0 percent for the year compared with a 6.9 percent decline during the previous year. Nonagricultural export prices, down 0.3 percent in December, fell for the fourth month in a row. The recent downturn in the index followed eight months of little or no movement. For the year ended in December, the nonagricultural export index dropped 0.9 percent. In the previous year, this index fell 0.3 percent. The December drop in nonagricultural export prices was attributable to declining prices for capital goods and for industrial supplies and materials. The capital goods index, which accounts for more than 40 percent of aggregate exports, dropped 0.3 percent in December after posting no change in November. This index fell in three of the past four months and was down 1.5 percent for the year. Nonagricultural industrial supplies and materials fell for the fifth consecutive month, down 0.6 percent in December. Over the past 12 months this index fell 1.2 percent. In contrast, the index for automotive vehicles was unchanged and prices for consumer goods excluding autos edged up 0.1 percent in December. Over the past 12 months, these indexes rose 0.8 and 0.9 percent, respectively. Summary of December-to-December percent changes 1989 1990 1991 1992 1993 1994 1995 1996 1997 All merchandise imports 2.6 7.4 -4.2 0.2 -1.0 5.3 2.6 1.5 -4.9 Excluding petroleum -0.2 3.1 0.2 0.8 1.4 3.9 2.2 -1.7 -2.5 Petroleum 32.6 48.7 -33.0 -6.0 -21.7 20.3 6.0 33.8 -25.5 All merchandise exports 0.6 2.1 -0.6 0.7 1.1 3.7 3.4 -1.2 -1.1 Excluding agricultural 1.3 3.4 -1.1 0.9 0.1 4.4 1.6 -0.3 -0.9 Agricultural -3.7 -4.8 1.7 -0.5 8.3 -0.2 17.4 -6.9 -3.0 Imports by Locality of Origin Prices of goods imported from Japan fell for the fifth consecutive month, dropping 0.4 percent in December. (See table 7.) The decrease continues a two-year slide, as prices of imported Japanese goods fell 5.0 percent in 1997 and 4.1 percent in 1996. Prices for imports from the Asian Newly Industrialized Countries also continued to decline, falling 0.5 percent in December after falling 1.1 percent in November. The recent decline has paralleled the relative strengthening of the U.S. dollar versus several Asian currencies. For the year ended in December, the index dropped 4.7 percent after falling 2.9 percent over the previous 12-month period. The price index for imports from Canada also fell last month, decreasing 0.6 percent in December after a 0.3 percent decrease in November. Over the December 1996-97 period, the index was down 2.9 percent. In contrast, the price index for imports from the European Union rose for the third consecutive month, up 0.2 percent on average in December. The index, however, decreased 1.7 percent over the past year. Import and Export Services The Import Air Freight Index decreased 2.3 percent from September to December, led by a 7.4 percent drop in the Pacific region. For the year ended in December, the Import Air Freight Index declined 9.4 percent. The Export Air Freight Index dropped 4.3 percent from September to December. Over the past 12 months, the index decreased 7.6 percent. The Import Air Passenger Fares Index continued a recent downward trend, posting a 6.5 percent decrease from September to December. This decline was primarily attributable to a 17.8 percent drop in the Atlantic region that was moderated by a 5.7 percent increase in the Pacific region. Over the past year, the Import Air Passenger Fares Index advanced 4.3 percent, reflecting gains in all regional indexes. The Export Air Passenger Fares Index also fell in the fourth quarter, with a 7.9 percent decrease that was attributable to declines in all the regional indexes. The Export Air Passenger Fares Index fell 7.6 percent over the past 12 months. December marked the seventh consecutive quarterly decrease for the Import Ocean Liner Freight Index. The index edged down 1.9 percent this quarter, as the indexes for the U.S. East Coast and U.S. West Coast regions fell 1.6 percent and 1.9 percent, respectively. For the year, the Import Ocean Liner Freight Index posted a decline of 5.2 percent. CONTENTS OF RELEASE This news release includes the following tables: Table 1 Import Price Indexes, by End Use.....page 5 Table 2 Export Price Indexes, by End Use.....page 6 Table 3 Import Price Indexes, by SITC.....pages 7-8 Table 4 Export Price Indexes, by SITC.....pages 9-10 Table 5 Import Price Indexes, by Harmonized System.....pages 11-12 Table 6 Export Price Indexes, by Harmonized System.....pages 13-14 Table 7 Import Price Indexes, by Locality of Origin.....page 15 Table 8 U.S. Import and Export Price Indexes for Services.....page 16 Table 9 U.S. International Price Indexes for Services.....page 17 ------------------------------------------------------------------- Import and Export Price Index data for January 1998 are scheduled for release on February 13, 1998 at 10:00 a.m. (EST). The import and export news release contains monthly price indexes at the two-digit level of detail. If you would like to be added to the mailing list for more detailed tables, please fill out the form below and mail or fax it to the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212 Phone Number: (202) 606-7155 Fax Number: (202) 606-7179 ------------------------------------------------------------------------- IPP Order Form Please add my name to the mailing list for the following publications. 1. Monthly News Release ______ 2. Harmonized System Indexes ______ 3. SITC Indexes ______ 4. BEA End-Use Indexes ______ 5. Locality Of Origin Indexes ______ 6. Services Indexes ______ Name _____________________________________________________________ Address _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ Phone Number ( ) _______________________________________________ Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, December 1996-December 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. END Description 1996 1997 1997 1997 1997 USE November November December to to to to to 1997 1997 1997 Dec. Sept. Oct. Nov. Dec. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 97.5 96.9 -4.9 -0.1 0.2 -0.5 -0.6 ALL IMPORTS EXCLUDING PETROLEUM 91.512 96.4 96.2 -2.5 0.0 -0.3 -0.1 -0.2 0 FOODS, FEEDS, & BEVERAGES 4.706 97.9 98.6 1.9 0.4 -0.8 -0.9 0.7 00 Agricultural foods, feeds & beverages, excluding distilled beverages 3.330 95.2 96.5 0.8 0.6 -1.6 -1.1 1.4 01 Nonagricultural foods (fish, distilled beverages) 1.376 105.2 104.0 4.5 0.0 1.1 0.0 -1.1 1 INDUSTRIAL SUPPLIES & MATERIALS 27.245 101.3 99.2 -9.9 0.3 1.4 -1.2 -2.1 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.757 98.5 98.0 -0.8 0.4 -0.5 0.6 -0.5 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.785 98.3 97.8 0.1 0.4 -1.2 -0.4 -0.5 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.973 98.5 98.0 -1.9 0.3 0.3 1.7 -0.5 10 Fuels & lubricants 9.906 110.0 104.7 -22.7 0.6 5.6 -2.8 -4.8 100 Petroleum & petroleum products 8.489 106.0 100.3 -25.5 0.2 5.6 -5.0 -5.4 10000 Crude 6.698 105.3 98.6 -27.2 -0.3 6.5 -5.9 -6.4 11 Paper & paper base stocks 1.841 84.4 84.3 4.2 0.8 0.5 0.7 -0.1 12 Materials associated with nondurable supplies & materials 5.920 94.2 93.8 -3.9 -0.2 -0.8 -0.4 -0.4 13 Selected building materials 2.121 108.3 107.9 -2.2 -0.1 -3.6 0.7 -0.4 14 Unfinished metals associated with durable goods 4.544 96.4 95.5 3.4 1.2 -1.1 -1.0 -0.9 15 Finished metals associated with durable goods 1.446 96.2 96.3 -2.3 0.0 0.5 -0.6 0.1 16 Nonmetals associated with durable goods 1.467 94.3 94.4 -4.0 -1.1 0.0 0.2 0.1 2 CAPITAL GOODS 28.142 89.5 89.2 -7.2 -0.5 -0.8 -0.3 -0.3 20 Electric & electrical generating equipment 3.334 96.4 95.9 -3.1 -0.3 -0.2 -0.2 -0.5 21 Nonelectrical machinery 23.110 87.1 86.8 -8.1 -0.7 -0.9 -0.5 -0.3 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 17.851 101.4 101.3 0.5 0.2 0.2 0.0 -0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 22.056 99.1 99.2 -0.9 -0.2 0.1 -0.2 0.1 40 Nondurables, manufactured 10.896 100.8 101.0 0.5 0.0 0.3 -0.3 0.2 41 Durables, manufactured 10.069 97.3 97.3 -2.3 -0.4 -0.1 0.0 0.0 42 Nonmanufactured consumer goods 1.091 100.1 99.9 -1.1 0.1 1.5 -1.3 -0.2 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for September, October and November 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, December 1996-December 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. END Description 1996 1997 1997 1997 1997 USE November November December to to to to to 1997 1997 1997 Dec. Sept. Oct. Nov. Dec. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.6 98.2 -1.1 -0.3 -0.4 0.0 -0.4 AGRICULTURAL COMMODITIES 10.455 99.1 98.3 -3.0 -0.1 -1.8 0.7 -0.8 NONAGRICULTURAL COMMODITIES 89.545 98.5 98.2 -0.9 -0.3 -0.2 -0.1 -0.3 0 FOODS, FEEDS, & BEVERAGES 9.408 100.1 99.3 -3.3 0.0 -2.0 0.3 -0.8 00 Agricultural foods, feeds & beverages, excluding distilled beverages 8.649 100.7 99.9 -3.4 -0.3 -2.1 0.6 -0.8 01 Nonagricultural foods (fish, distilled beverages) 0.759 95.7 94.1 -3.4 2.4 -0.5 -2.3 -1.7 1 INDUSTRIAL SUPPLIES & MATERIALS 25.288 94.5 93.9 -1.2 -0.3 -0.4 -0.2 -0.6 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.734 94.4 93.5 -2.6 -0.5 -0.9 -0.5 -1.0 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 15.555 94.6 94.1 -0.2 -0.2 0.0 -0.1 -0.5 10 Agricultural industrial supplies & materials 1.806 94.1 92.8 -1.1 0.8 0.1 1.1 -1.4 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 23.482 94.6 94.0 -1.2 -0.4 -0.4 -0.3 -0.6 11 Fuels & lubricants 2.442 110.5 110.5 -3.7 0.5 0.1 -0.5 0.0 12 Nonagricultural supplies & materials excluding fuels & building materials 19.555 92.3 91.5 -0.3 -0.4 -0.4 -0.1 -0.9 13 Selected building materials 1.485 89.4 89.4 -8.7 -1.1 -1.7 -2.0 0.0 2 CAPITAL GOODS 43.785 99.3 99.0 -1.5 -0.6 -0.2 0.0 -0.3 20 Electric & electrical generating Equipment 4.439 102.2 102.3 1.7 -0.4 0.1 0.3 0.1 21 Nonelectrical machinery 33.959 96.4 96.0 -2.6 -0.8 -0.2 -0.1 -0.4 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 9.670 102.3 102.3 0.8 -0.2 0.1 0.1 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 11.849 102.6 102.7 0.9 0.4 0.1 -0.1 0.1 40 Nondurables, manufactured 6.234 102.1 102.2 0.6 0.6 -0.1 -0.1 0.1 41 Durables, manufactured 5.050 102.1 102.0 0.7 -0.2 0.3 -0.1 -0.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for September, October and November 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, December 1996-December 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. SITC Description 1996 1997 1997 1997 1997 Rev. 3 November November December to to to to to 1997 1997 1997 Dec. Sept. Oct. Nov. Dec. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 97.5 96.9 -4.9 -0.1 0.2 -0.5 -0.6 0 FOOD AND LIVE ANIMALS 4.045 99.4 100.4 6.1 0.4 -0.9 -1.0 1.0 01 Meat and meat preparations 0.354 102.7 104.1 5.3 -0.3 -1.2 0.0 1.4 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 1.060 107.3 105.6 7.5 -0.1 2.8 -0.1 -1.6 05 Vegetables and fruit, prepared fresh or dried 1.093 103.8 105.6 3.7 0.2 -0.3 0.7 1.7 07 Coffee, tea, cocoa, spices and manufactures thereof 0.604 86.2 92.2 22.9 2.6 -7.9 -6.4 7.0 3/ Other food and live animals (9612=100) 0.934 99.1 98.5 -1.5 -0.3 -0.1 -0.8 -0.6 1 BEVERAGES AND TOBACCO 0.850 108.4 108.6 3.2 0.1 0.1 0.5 0.2 11 Beverages 0.715 105.1 105.2 2.2 0.1 0.1 0.7 0.1 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 2.909 94.0 94.1 -2.3 -0.2 -1.9 -0.8 0.1 23 Crude rubber (including synthetic and reclaimed) 0.237 71.2 69.1 -21.7 -3.5 -2.8 -1.7 -2.9 24 Cork and wood 1.041 114.0 114.0 -5.5 0.2 -6.7 0.8 0.0 25 Pulp and waste paper 0.385 69.2 68.7 3.8 0.4 1.2 0.3 -0.7 28 Metalliferous ores and metal scrap 0.629 102.6 102.4 5.0 -0.2 -0.8 -1.1 -0.2 29 Crude animal and vegetable materials, n.e.s. (9612=100) 0.271 104.8 110.1 10.1 1.3 9.8 -7.4 5.1 3/ Other crude materials, inedible, except fuels (9612=100) 0.346 96.2 96.1 -3.9 -1.0 -0.2 -0.4 -0.1 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 9.613 110.3 104.9 -22.6 0.8 5.7 -2.5 -4.9 33 Petroleum, petroleum products and related materials 8.103 106.1 100.1 -25.2 0.4 5.7 -4.8 -5.7 34 Gas, natural and manufactured 1.386 149.7 148.9 -5.5 3.3 6.7 13.4 -0.5 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 5.520 95.1 95.2 -3.9 -0.2 -0.7 -0.4 0.1 51 Organic chemicals 1.578 95.2 95.1 -4.3 -0.3 -1.9 -0.1 -0.1 52 Inorganic chemicals 0.677 99.0 97.3 -6.0 1.1 0.0 -0.7 -1.7 53 Dyeing, tanning and coloring materials 0.284 95.3 96.1 -4.3 -1.5 0.2 1.2 0.8 54 Medicinal and pharmaceutical products 0.909 96.2 97.0 -2.0 -0.5 0.4 0.1 0.8 55 Essential oils; polishing and cleansing preps 0.319 96.6 97.7 -2.4 -0.9 0.5 -0.8 1.1 57 Plastics in primary forms 0.365 91.6 91.9 -3.3 0.8 -0.4 -0.7 0.3 58 Plastics in nonprimary forms 0.526 82.9 82.6 -4.7 -0.6 -1.2 -3.5 -0.4 59 Chemical materials and products, n.e.s. 0.654 102.8 103.1 -2.6 -0.1 -0.4 0.0 0.3 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 12.593 96.6 96.1 0.6 0.3 -0.1 -0.1 -0.5 62 Rubber manufactures, n.e.s. 0.718 95.4 95.5 -3.0 -0.7 0.2 0.1 0.1 63 Cork and wood manufactures other than furniture 0.569 100.8 98.6 -0.2 -0.5 0.5 0.9 -2.2 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.631 89.7 89.7 4.1 0.9 0.1 0.9 0.0 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.420 100.2 99.3 -1.2 0.2 0.0 0.2 -0.9 66 Nonmetallic mineral manufactures, n.e.s. 2.137 102.2 101.5 -1.5 -0.4 0.1 0.0 -0.7 67 Iron and steel 2.044 96.3 96.3 -0.8 0.0 0.0 0.0 0.0 68 Nonferrous metals 1.934 93.4 92.2 9.0 2.4 -1.7 -2.0 -1.3 69 Manufactures of metals, n.e.s. 1.974 98.3 98.4 -2.6 -0.2 0.4 -0.2 0.1 7 MACHINERY AND TRANSPORT EQUIPMENT 46.578 94.3 94.1 -4.1 -0.2 -0.3 -0.2 -0.2 71 Power generating machinery and equipment (9612=100) 2.979 98.9 98.6 -1.4 -0.2 0.0 0.1 -0.3 72 Machinery specialized for particular industries 2.690 99.0 99.1 -2.4 -0.2 0.2 0.4 0.1 73 Metalworking machinery 0.826 98.3 98.7 -2.6 -0.6 0.6 0.4 0.4 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.416 97.4 97.4 -3.3 -0.4 0.2 0.0 0.0 75 Computer equipment and office machines 6.931 76.7 76.8 -12.9 -0.9 -1.4 -0.5 0.1 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.514 91.7 91.5 -4.5 -0.3 -0.4 -0.5 -0.2 77 Electrical machinery and equipment 9.482 88.0 87.2 -5.9 -0.4 -0.6 -0.8 -0.9 78 Road vehicles 14.698 101.6 101.5 0.7 0.2 0.3 0.0 -0.1 8 MISCELLANEOUS MANUFACTURED ARTICLES 17.448 99.8 99.8 -0.5 -0.3 0.2 -0.2 0.0 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s. 0.385 96.1 96.3 -2.9 -0.3 0.7 0.2 0.2 82 Furniture and parts thereof 1.267 103.1 103.1 1.3 -0.5 0.6 0.1 0.0 83 Travel goods, handbags and similar containers 0.502 100.7 100.5 -0.2 -0.2 0.0 -0.3 -0.2 84 Articles of apparel and clothing accessories 5.847 102.8 102.8 1.7 0.3 0.3 -0.3 0.0 85 Footwear 1.773 101.0 101.2 0.3 -0.3 0.2 0.0 0.2 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.594 97.0 96.8 -3.0 -0.3 -0.1 0.2 -0.2 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.336 93.4 93.5 -3.5 -0.8 -0.2 0.0 0.1 89 Miscellaneous manufactured articles, n.e.s. 4.744 98.3 98.4 -1.9 -0.6 -0.1 -0.2 0.1 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for September, October and November 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, December 1996-December 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. SITC Description 1996 1997 1997 1997 1997 Rev. 3 November November December to to to to to 1997 1997 1997 Dec. Sept. Oct. Nov. Dec. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.6 98.2 -1.1 -0.3 -0.4 0.0 -0.4 0 FOOD AND LIVE ANIMALS 7.580 97.6 96.7 -5.1 -0.2 -1.0 -0.9 -0.9 01 Meat and meat preparations 1.145 96.0 94.5 -3.4 -1.0 0.0 0.8 -1.6 03 Fish, crustaceans, aquatic invertebrates and preparations 0.580 95.5 93.2 -3.7 3.2 -0.2 -3.4 -2.4 04 Cereals and cereal preparations 2.807 94.9 94.4 -6.1 1.9 -1.6 1.5 -0.5 05 Vegetables, fruit and nuts, fresh or dried 1.324 93.3 92.1 -8.8 -5.5 0.6 -5.0 -1.3 08 Feeding stuff for animals (not including unmilled cereals) 0.802 114.6 113.5 -5.4 0.8 -3.6 -1.5 -1.0 09 Miscellaneous edible products and preparations 0.388 104.6 104.9 1.2 1.4 -1.0 0.6 0.3 3/ Other food and live animals (9612=100) 0.533 100.5 100.2 0.2 -1.5 -0.9 -3.5 -0.3 1 BEVERAGES AND TOBACCO 1.501 100.9 100.6 0.2 0.2 -0.2 0.1 -0.3 12 Tobacco and tobacco manufactures 1.237 100.8 100.4 0.0 0.2 -0.2 0.0 -0.4 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 5.756 89.0 87.9 -0.9 -1.2 -3.2 0.3 -1.2 21 Hides, skins and furskins, raw 0.337 103.6 101.9 -10.4 1.8 1.5 2.0 -1.6 22 Oil seeds and oleaginous fruits 1.284 118.2 116.5 1.4 -0.2 -9.9 9.1 -1.4 24 Cork and wood 0.893 85.9 85.8 -12.1 -1.6 -2.5 -3.0 -0.1 25 Pulp and waste paper 0.786 68.3 66.8 19.5 -4.5 1.8 -1.6 -2.2 26 Textile fibers and their waste 0.807 81.5 80.2 -4.0 -0.6 -0.6 -2.3 -1.6 27 Crude fertilizers and crude minerals 0.333 97.8 97.4 0.2 0.0 0.0 -0.1 -0.4 28 Metalliferous ores and metal scrap 0.886 85.9 84.6 -1.3 -2.0 -4.7 -4.6 -1.5 3/ Other crude materials, inedible, except fuels (9612=100) 0.429 101.8 101.2 1.2 1.0 -0.2 1.4 -0.6 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 2.154 111.7 113.4 -2.9 0.5 0.4 -0.4 1.5 32 Coal, coke and briquettes 0.691 101.9 101.5 -0.3 0.3 0.3 -0.3 -0.4 33 Petroleum, petroleum products and related materials 1.309 120.2 119.5 -7.0 0.4 -0.4 -0.9 -0.6 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.501 106.8 106.5 14.5 1.7 3.2 9.1 -0.3 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 10.742 95.2 94.9 -1.2 0.0 -0.1 -0.2 -0.3 51 Organic chemicals 2.521 83.6 83.5 -1.6 -0.6 0.0 -0.1 -0.1 52 Inorganic chemicals 0.831 99.2 98.7 -3.0 0.8 -0.2 0.7 -0.5 53 Dyeing, tanning and coloring materials 0.495 102.7 102.7 0.6 0.9 0.0 0.0 0.0 54 Medicinal and pharmaceutical products 1.223 101.4 101.4 -0.4 0.1 0.3 -0.1 0.0 55 Essential oils; polishing and cleansing preps 0.745 101.8 101.6 0.1 1.1 -0.4 -1.5 -0.2 56 Fertilizers (9612=100) 0.550 93.9 94.2 -5.8 0.4 -0.3 -0.8 0.3 57 Plastics in primary forms 1.818 93.5 93.1 -0.7 -0.3 0.2 -0.4 -0.4 58 Plastics in nonprimary forms 0.819 98.5 98.7 1.3 -0.1 -0.2 -0.2 0.2 59 Chemical materials and products, n.e.s. 1.738 103.0 102.0 -1.1 -0.4 -0.2 -0.4 -1.0 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.739 99.0 98.8 1.9 0.1 0.0 0.3 -0.2 62 Rubber manufactures, n.e.s. 0.664 102.2 102.0 -1.0 -0.3 0.3 0.0 -0.2 63 Cork and wood manufactures other than furniture 0.289 91.1 91.7 1.0 0.6 0.2 -0.4 0.7 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.530 85.2 85.2 0.4 -0.4 0.4 -0.1 0.0 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.400 102.9 103.2 0.8 0.1 -0.1 -0.3 0.3 66 Nonmetallic mineral manufactures, n.e.s. 1.314 106.3 107.2 3.2 1.4 0.0 0.2 0.8 67 Iron and steel 1.108 103.7 103.4 1.7 -0.1 0.3 0.5 -0.3 68 Nonferrous metals 1.300 93.9 91.6 3.7 -0.1 -1.2 2.0 -2.4 69 Manufactures of metals, n.e.s. 1.974 104.9 105.0 3.3 -0.5 0.6 0.0 0.1 7 MACHINERY AND TRANSPORT EQUIPMENT 50.081 100.1 99.8 -0.7 -0.5 -0.1 0.1 -0.3 71 Power generating machinery and equipment 4.237 106.3 106.2 1.5 0.0 0.0 0.1 -0.1 72 Machinery specialized for particular industries 4.642 104.6 105.0 2.0 0.1 0.0 0.1 0.4 73 Metalworking machinery 0.950 104.7 104.9 2.4 0.2 0.1 0.1 0.2 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 4.983 105.4 105.4 2.2 -0.1 0.2 0.0 0.0 75 Computer equipment and office machines 6.470 82.7 81.7 -7.1 -0.4 -0.8 -0.4 -1.2 76 Telecommunications & sound recording & reproducing apparatus & equipment 3.767 99.4 98.7 -2.0 -0.5 0.3 -0.1 -0.7 77 Electrical machinery and equipment 11.617 94.9 94.6 -3.0 -1.7 -0.3 0.1 -0.3 78 Road vehicles 9.011 101.9 102.0 0.6 -0.2 0.1 0.1 0.1 8 MISCELLANEOUS MANUFACTURED ARTICLES 11.155 101.8 101.8 0.5 0.0 0.0 0.0 0.0 82 Furniture and parts thereof 0.629 103.8 103.8 1.8 -0.1 0.3 0.0 0.0 84 Articles of apparel and clothing accessories 1.266 103.3 103.6 2.7 1.9 -0.2 0.0 0.3 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.671 103.3 103.5 0.8 -0.1 -0.1 0.0 0.2 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s. 0.934 98.2 98.0 -1.2 -0.4 -0.4 0.0 -0.2 89 Miscellaneous manufactured articles, n.e.s. 4.201 100.3 100.3 -0.3 -0.2 0.0 -0.1 0.0 3/ Other miscellaneous manufactured articles (9612=100) 0.454 101.3 101.4 1.4 0.1 0.0 0.2 0.1 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for September, October and November 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, December 1996-December 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Dec. Aug. Sept. Oct. Nov. nized Description 1996 1997 1997 1997 1997 System November November December to to to to to 1997 1997 1997 Dec. Sept. Oct. Nov. Dec. 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.603 104.5 102.6 5.6 0.1 1.5 0.0 -1.8 02 Meat and edible meat offal 0.280 100.4 100.6 6.8 1.4 -1.2 0.2 0.2 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.933 108.4 106.2 8.5 -0.4 3.1 0.6 -2.0 3/ Other live animals and animal products (9612=100) 0.390 101.1 98.5 -1.5 0.3 -0.3 -1.6 -2.6 II VEGETABLE PRODUCTS 1.592 92.8 94.6 10.1 0.3 -1.6 -0.5 1.9 07 Edible vegetables and certain roots and tubers 0.348 129.2 135.7 46.2 n.a. n.a. 6.3 5.0 08 Edible fruit and nuts; peel of citrus fruit or melons 0.431 96.3 95.2 -14.5 -0.4 -0.8 -0.4 -1.1 09 Coffee, tea, mate and spices 0.407 84.1 86.7 28.3 2.0 -7.2 -2.8 3.1 3/ Other vegetable products 0.406 93.9 95.2 3.5 -0.8 1.8 -3.7 1.4 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 2.070 101.9 101.9 -0.2 -0.3 0.2 0.0 0.0 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.262 87.6 89.0 -9.5 -0.5 -1.2 -2.1 1.6 22 Beverages, spirits, and vinegar 0.744 104.1 104.1 1.1 -0.4 -0.3 1.2 0.0 3/ Other prepared foodstuffs (9612=100) 1.064 101.9 101.7 1.7 -0.2 1.0 -0.4 -0.2 V MINERAL PRODUCTS 10.249 110.2 105.2 -21.4 0.7 5.5 -2.0 -4.5 26 Ores, slag and ash 0.294 102.6 102.6 3.6 -0.1 0.1 0.1 0.0 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 9.725 110.5 105.3 -22.3 0.8 5.9 -2.2 -4.7 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 5.188 98.3 98.5 -3.1 -0.4 -0.4 -0.3 0.2 28 Inorganic chemicals 0.855 103.6 102.0 -2.4 1.5 -0.4 -0.9 -1.5 29 Organic chemicals 1.987 95.3 95.5 -4.2 -0.5 -0.8 -0.4 0.2 30 Pharmaceutical products 0.554 102.4 103.5 -0.1 -0.5 -0.1 0.2 1.1 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.284 94.4 95.5 -4.5 -2.1 0.2 0.7 1.2 37 Photographic or cinematographic goods 0.354 98.2 98.2 -0.7 -0.1 -0.2 0.0 0.0 38 Miscellaneaous chemical products (9612=100) 0.413 97.8 98.5 -1.5 -1.0 0.4 0.0 0.7 3/ Other products of the chemical or allied industries (9612=100) 0.741 95.1 96.1 -3.9 -1.2 -0.6 0.0 1.1 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.747 90.6 90.4 -4.4 -0.7 -0.3 -0.8 -0.2 39 Plastics and articles thereof 1.711 93.5 93.5 -1.6 -0.4 -0.3 -1.0 0.0 40 Rubber and articles thereof 1.036 86.3 85.7 -8.7 -1.0 -0.2 -0.5 -0.7 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 1.001 103.0 102.8 -0.8 -0.7 0.2 -0.3 -0.2 42 Articles of leather; travel goods, bags, etc. of various materials 0.804 101.0 100.9 0.2 -0.4 0.1 -0.5 -0.1 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.648 107.2 106.7 -4.0 0.2 -4.6 0.9 -0.5 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.380 86.0 86.1 3.1 0.5 0.4 0.6 0.1 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.385 69.8 69.5 3.7 0.3 1.2 0.0 -0.4 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.643 90.4 90.4 3.4 0.7 0.1 0.9 0.0 49 Printed matter 0.353 100.1 100.6 0.1 -0.9 0.5 0.3 0.5 XI TEXTILE AND TEXTILE ARTICLES 6.908 101.8 101.6 1.3 0.4 0.2 -0.2 -0.2 61 Articles of apparel and clothing accessories, knitted or crocheted 2.035 101.5 101.4 0.1 0.1 0.5 0.0 -0.1 62 Articles of apparel and clothing accessories, not knitted or crocheted 3.321 103.7 103.8 2.9 0.6 0.0 -0.5 0.1 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.345 98.5 94.7 -5.0 1.5 -0.1 0.0 -3.9 3/ Other textile & textile articles (9612=100) 1.207 100.8 100.7 0.7 0.6 0.1 0.1 -0.1 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 2.072 101.3 101.4 0.5 -0.5 0.3 0.1 0.1 64 Footwear, gaiters and the like; parts of such articles 1.782 100.9 101.0 0.2 -0.4 0.3 0.1 0.1 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 0.290 102.2 102.1 2.1 -0.6 0.3 0.2 -0.1 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.139 102.1 101.6 -1.8 -0.6 0.3 0.0 -0.5 69 Ceramic products 0.430 98.9 99.0 -3.0 0.4 0.1 -0.4 0.1 70 Glass and glassware 0.442 102.2 100.9 -3.3 -1.6 0.5 0.2 -1.3 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 2.184 98.1 96.5 -1.6 0.1 -0.2 0.1 -1.6 XV BASE METALS AND ARTICLES OF BASE METAL 5.820 94.2 94.1 0.2 0.5 -0.4 -1.2 -0.1 72 Iron and steel 1.752 95.3 95.2 -0.6 -0.1 -0.2 0.2 -0.1 73 Articles of iron or steel 1.281 96.7 97.0 -3.0 -0.1 0.3 -0.4 0.3 74 Copper and articles thereof 0.427 79.2 77.2 -4.6 -1.5 -4.1 -0.9 -2.5 76 Aluminum and articles thereof 0.976 93.5 93.9 8.6 2.8 -1.6 0.2 0.4 83 Miscellaneous articles of base metal 0.413 101.7 102.2 -1.1 -0.3 0.2 -0.3 0.5 3/ Miscellaneous nonferrous metals and articles, including scrap (9612=100) 0.527 105.5 103.9 3.9 2.2 1.1 -10.4 -1.5 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 30.022 89.1 88.7 -7.4 -0.6 -1.0 -0.4 -0.4 84 Specialized machinery & computer equipment 15.687 89.8 89.6 -8.0 -0.8 -1.4 0.0 -0.2 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 14.335 88.4 87.8 -6.6 -0.6 -0.4 -0.8 -0.7 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 15.889 101.7 101.5 0.4 0.2 0.2 0.1 -0.2 87 Motor vehicles and their parts 15.013 101.4 101.3 0.5 0.2 0.2 0.0 -0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 3.537 93.9 94.1 -3.4 -0.5 0.3 0.0 0.2 90 Optical, photographic, measuring and medical instruments 3.019 93.7 93.9 -3.6 -0.4 0.3 -0.1 0.2 91 Clocks and watches and parts thereof 0.377 94.7 95.3 -3.2 -0.6 0.4 0.2 0.6 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.706 99.8 99.8 -0.5 -0.3 0.2 0.0 0.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.598 100.3 100.3 0.3 -0.5 0.5 0.1 0.0 95 Toys, games and sports equipment; parts and accessories thereof 1.824 100.3 100.3 -0.9 -0.1 -0.3 0.0 0.0 96 Miscellaneous manufactured articles 0.284 93.7 94.2 -2.3 -0.7 1.3 -0.3 0.5 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for September, October and November 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, December 1996-December 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Dec. Aug. Sept. Oct. Nov. nized Description 1996 1997 1997 1997 1997 System November November December to to to to to 1997 1997 1997 Dec. Sept. Oct. Nov. Dec. 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.920 96.2 95.1 -4.5 0.0 -0.6 -0.6 -1.1 02 Meat & edible meat offal 1.059 93.4 91.8 -4.4 -0.9 -0.3 0.5 -1.7 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.513 92.8 92.0 -5.2 3.0 -1.0 -2.4 -0.9 3/ Other live animals and animal products (9612=100) 0.348 95.8 96.0 -4.0 -1.4 -1.2 -0.9 0.2 II VEGETABLE PRODUCTS 5.318 99.6 98.9 -3.5 0.0 -2.6 1.5 -0.7 07 Edible vegetables and certain roots and tubers 0.330 104.7 96.9 0.0 -1.9 -3.3 10.3 -7.4 08 Edible fruit and nuts; peel of citrus fruit or melons 0.650 88.8 93.7 -6.3 -6.7 5.0 -12.4 5.5 10 Cereals 2.580 94.0 93.5 -6.5 2.2 -1.7 1.6 -0.5 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.487 119.2 117.1 2.6 0.8 -8.2 8.2 -1.8 III ANIMAL OR VEGETABLE FATS AND OILS 0.542 107.6 108.1 15.7 2.4 3.0 9.2 0.5 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.471 101.6 101.4 -3.0 -0.6 -0.6 -0.8 -0.2 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.318 89.4 90.4 -14.1 -9.1 2.6 -2.4 1.1 21 Miscellaneous edible preparations 0.361 105.6 105.9 1.4 1.3 -1.0 -0.6 0.3 22 Beverages, spirits, and vinegar 0.330 99.8 99.6 -1.8 0.4 -0.2 0.2 -0.2 23 Residues and waste from the food industries; prepared animal feed 0.711 109.9 109.0 -8.8 0.0 -3.5 -2.0 -0.8 24 Tobacco and manufactured tobacco substitutes 1.244 100.8 100.4 0.0 0.2 -0.2 0.0 -0.4 3/ Other prepared foods 0.506 102.1 102.2 3.1 0.9 0.4 -0.3 0.1 V MINERAL PRODUCTS 2.750 108.4 108.8 -3.2 0.1 -1.3 -1.7 0.4 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 2.210 112.8 113.9 -3.7 0.4 0.4 -0.8 1.0 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 8.759 96.3 95.9 -1.4 0.0 -0.3 -0.1 -0.4 28 Inorganic chemicals 0.930 102.3 101.9 -1.0 1.0 -0.2 0.9 -0.4 29 Organic chemicals 2.827 86.8 86.7 -1.8 -0.6 -0.7 -0.1 -0.1 30 Pharmaceutical products 0.884 101.2 101.2 0.1 0.2 0.6 0.0 0.0 31 Fertilizers (9612=100) 0.611 93.9 94.2 -5.8 0.4 -0.3 -0.8 0.3 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.504 102.4 102.3 0.4 0.9 0.1 0.0 -0.1 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.526 102.7 102.4 1.1 0.9 -0.8 -0.8 -0.3 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.313 103.2 103.1 1.7 1.5 0.0 0.2 -0.1 37 Photographic or cinematographic goods 0.426 95.2 94.8 -3.3 -0.9 -0.9 0.1 -0.4 38 Miscellaneous chemical products 1.515 102.5 101.1 -2.0 -0.5 -0.2 -0.4 -1.4 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.295 96.4 96.2 -0.6 -0.5 0.0 -0.1 -0.2 39 Plastics and articles thereof 3.407 95.9 95.6 -0.4 -0.6 0.1 -0.1 -0.3 40 Rubber and articles thereof 0.888 98.4 98.2 -1.8 -0.3 0.1 -0.2 -0.2 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.571 98.3 97.5 -7.5 1.4 1.4 1.1 -0.8 41 Raw hides and skins (other than furskins) and leather 0.421 97.5 96.4 -4.7 1.9 1.8 1.7 -1.1 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.206 87.7 87.8 -9.0 -1.2 -1.9 -2.3 0.1 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 3.019 79.9 79.6 3.9 -0.8 1.0 -0.1 -0.4 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.736 66.4 65.1 13.8 -2.5 2.9 -0.7 -2.0 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.494 85.6 85.6 0.8 -0.4 0.5 0.1 0.0 49 Printed material 0.790 106.7 107.0 1.6 0.1 0.1 0.0 0.3 XI TEXTILE AND TEXTILE ARTICLES 3.227 93.5 93.3 0.1 0.4 -0.2 -0.6 -0.2 52 Cotton, including yarns and woven fabrics thereof 0.694 81.1 80.0 -5.1 -0.6 -0.6 -2.6 -1.4 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. 0.841 102.7 102.7 -0.4 0.0 0.1 -0.2 0.0 70 Glass and glassware 0.484 101.2 101.3 0.0 0.1 0.0 -0.2 0.1 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.889 97.9 94.9 -5.8 -0.3 0.6 0.3 -3.1 XV BASE METALS AND ARTICLES OF BASE METALS 4.604 96.3 95.6 1.7 -0.4 -0.5 0.2 -0.7 72 Iron and steel 0.962 93.1 92.6 0.0 -1.2 -0.9 0.0 -0.5 73 Articles of iron or steel 1.257 108.4 108.2 5.7 0.2 1.1 -0.2 -0.2 74 Copper and articles thereof 0.409 78.8 76.2 -8.9 -3.4 -3.4 0.1 -3.3 76 Aluminum and articles thereof 0.894 90.6 89.3 4.1 0.9 -1.2 1.9 -1.4 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof 0.409 103.2 103.4 0.1 0.0 0.0 -0.1 0.2 83 Miscellaneous articles of base metal 0.376 101.5 102.3 2.7 0.0 0.0 0.2 0.8 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 36.646 96.5 96.1 -2.3 -0.7 -0.2 -0.1 -0.4 84 Specialized machinery & computer equipment 20.332 97.2 96.9 -1.5 -0.1 -0.3 -0.1 -0.3 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 16.314 95.7 95.2 -3.3 -1.4 -0.2 0.1 -0.5 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 13.619 104.9 104.9 1.6 -0.1 0.1 0.2 0.0 87 Motor vehicles and their parts 9.428 102.0 102.1 0.6 -0.2 0.1 0.1 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 5.341 102.1 102.2 0.4 0.1 -0.1 0.0 0.1 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.766 102.4 102.4 1.1 -0.2 0.0 0.2 0.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.866 103.9 103.8 1.5 -0.6 0.3 0.3 -0.1 95 Toys, games and sports equipment; parts and accessories thereof 0.728 101.0 101.0 0.8 0.1 -0.2 0.1 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for September, October and November 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin, December 1996-December 1997 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports Dec. Aug. Sept. Oct. Nov. Description 1/ 1996 1997 1997 1997 1997 1995 Nov. Dec. to to to to to 1997 1997 Dec. Sept. Oct. Nov. Dec. 2/ 1997 1997 1997 1997 1997 3/ Developed Countries 55.6 97.4 97.1 -3.2 -0.3 0.0 0.1 -0.3 Manufactured Goods 52.2 96.9 96.8 -2.0 -0.4 -0.2 0.1 -0.1 Nonmanufactured Goods 3.1 109.0 105.7 -17.6 0.8 3.7 -0.5 -3.0 3/ Developing Countries 42.7 100.5 99.1 -5.9 -0.4 0.8 -1.5 -1.4 Manufactured Goods 35.4 98.0 97.4 -3.0 -0.2 -0.2 -0.8 -0.6 Nonmanufactured Goods 7.1 107.1 102.2 -18.0 -1.3 5.5 -4.6 -4.6 Canada 18.9 99.4 98.8 -2.9 0.4 0.0 -0.3 -0.6 Manufactured Goods 16.5 98.2 98.1 0.0 0.3 -0.7 -0.2 -0.1 Nonmanufactured Goods 2.2 112.3 108.2 -19.1 1.5 4.3 -0.4 -3.7 4/ European Union 17.0 101.0 101.2 -1.7 -0.6 0.4 0.4 0.2 Manufactured Goods 16.4 100.8 101.2 -1.1 -0.4 0.3 0.4 0.4 Nonmanufactured Goods 0.5 108.8 104.4 -17.8 -3.5 1.4 1.2 -4.0 Japan 16.6 91.5 91.1 -5.0 -0.2 -0.8 -0.3 -0.4 5/ Asian Newly Industrialized Countries 10.9 92.8 92.3 -4.7 -0.7 -0.2 -1.1 -0.5 1 Regions are not mutually exclusive. 2 Data for September, October and November 1997 have been revised to reflect the availability of late reports and corrections by respondents. 3 Defined according to the Standard Census Definition. 4 Includes EU 15 countries 5 Includes Hong Kong, Singapore, South Korea, and Taiwan. Table 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. December 1996-December 1997 1995 = 100 Index Percent Change Annual Quarterly Trade Dec. Dec. March June Sept. Description (Mil. 1996 1996 1997 1997 1997 of Sept. Dec. to to to to to Dollars) 1997 1997 Dec. March June Sept. Dec. 1997 1997 1997 1997 1997 Air Freight (Inbound) 5495 88.5 86.5 -8.9 -5.8 0.4 -1.6 -2.3 Atlantic 1880 85.6 89.6 -7.2 -7.1 -0.9 -3.7 4.7 Pacific 3151 91.0 84.9 -9.7 -4.5 1.4 -0.1 -6.7 Air Freight (Outbound) 5835 99.6 98.0 -1.2 0.6 -0.6 0.4 -1.6 Atlantic 2080 101.1 101.1 2.1 0.9 -0.5 1.7 0.0 Pacific 3222 99.7 96.7 -3.5 0.1 -0.3 -0.3 -3.0 Air Passenger Fares (U.S. Carrier) 30673 109.2 99.5 -2.1 -4.4 15.4 -2.6 -8.9 1/ Atlantic 8811 119.0 97.8 -1.8 -2.1 21.3 0.6 -17.8 1/ Pacific 15900 95.9 90.2 -5.1 -9.1 18.2 -6.1 -5.9 1/ Latin American / Caribbean 4542 110.5 109.2 6.1 3.8 2.6 0.8 -1.2 Canadian 1367 162.2 154.1 0.3 1.4 3.5 0.6 -5.0 Air Passenger Fares (Foreign Carrier) 31694 104.6 99.7 -1.0 -2.2 7.7 -1.4 -4.7 1/ Atlantic 13572 111.6 100.5 0.2 -3.2 13.5 1.3 -9.9 1/ Pacific 12570 91.0 89.2 -5.3 -2.0 4.4 -5.6 -2.0 1/ Latin American / Caribbean 4224 104.4 104.8 1.2 0.9 0.3 -0.4 0.4 1/ Crude Oil Tanker Freight (Inbound) 1949 97.8 n.a. n.a. 7.2 0.8 -9.6 n.a. Ocean Liner Freight (Inbound) 12253 94.9 92.9 -5.6 -0.8 -0.8 -2.0 -2.1 U.S. East Coast 5410 97.0 95.7 -5.9 -1.9 -0.2 -2.6 -1.3 from Atlantic 2647 96.0 94.8 -6.5 -2.0 -0.7 -2.7 -1.3 from Pacific 1874 95.2 93.1 -5.5 -0.1 0.5 -3.7 -2.2 U.S. West Coast 6844 92.8 90.2 -5.5 0.0 -1.4 -1.4 -2.8 from Pacific 6347 92.7 90.1 -5.0 0.3 -1.3 -1.3 -2.8 1 Detailed data available upon request. n.a. N Table 8 U.S. Import and Export Price Indexes and Percent Changes for Selected Categories of Services. December 1996-December 1997 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade Dec. Dec. March June Sept. Description (Mil. 1996 1996 1997 1997 1997 of Sept. Dec. to to to to to Dollars) 1997 1997 Dec. March June Sept. Dec. 1997 1997 1997 1997 1997 IMPORT Air Freight 3188 88.6 86.6 -9.4 -5.8 0.3 -2.0 -2.3 Atlantic 1278 86.4 90.2 -8.1 -7.1 -1.0 -4.3 4.4 Pacific 1674 91.5 84.7 -10.7 -4.5 1.4 -0.3 -7.4 Air Passenger Fares 11127 111.5 104.3 4.3 0.5 12.6 -1.5 -6.5 1/ Atlantic 4922 122.1 100.4 2.0 1.9 20.8 0.7 -17.8 1/ Pacific 2340 100.5 106.2 7.3 -0.9 13.6 -9.8 5.7 1/ Latin American / Caribbean 3021 105.9 105.2 1.1 1.0 1.0 -0.2 -0.7 1/ Crude Oil Tanker Freight 1346 92.0 n.a. n.a. 5.8 2.2 -9.7 n.a. Ocean Liner Freight 9868 95.3 93.5 -5.2 -0.6 -0.9 -1.9 -1.9 U.S. East Coast 4271 98.3 96.7 -4.9 -1.2 0.1 -2.3 -1.6 from Atlantic 1952 98.3 96.7 -6.0 -2.4 -0.5 -1.6 -1.6 from Pacific 1774 97.0 94.8 -5.6 -0.2 0.6 -3.8 -2.3 U.S. West Coast 5596 92.4 90.6 -5.3 -0.3 -1.6 -1.6 -1.9 from Pacific 5126 92.2 90.3 -4.8 0.1 -1.6 -1.4 -2.1 EXPORT Air Freight (9612 = 100) 2562 96.6 92.4 -7.6 -1.5 -0.7 -1.2 -4.3 Air Passenger Fares 17272 100.0 92.1 -7.6 -9.9 14.7 -2.9 -7.9 1/ Atlantic 4120 109.5 101.4 -3.2 -5.8 11.3 -0.2 -7.4 1/ Pacific 10700 86.4 78.1 -12.8 -15.7 20.7 -5.2 -9.6 Latin American / Caribbean 1392 107.5 106.5 4.8 0.2 5.0 0.6 -0.9 Canadian 1006 157.5 147.0 0.8 6.3 1.3 0.3 -6.7 1 Detailed data available upon request. n.a. N TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are weighted with 1995 trade weights. The merchandise price indexes are published using three classifications: the Harmonized System (HS), the Bureau of Economic Analysis End Use System, and the Standard International Trade Classification (SITC) system, Rev. 3. Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represents transactions between U.S. and foreign residents) and International (which represents all transactions with U.S. importers or exporters, regardless of nationality). Published series use a base year of 1995=100 where possible. Net transaction price data are collected every month for over 20,000 products from over 6,000 companies and secondary sources. Indexes are not seasonally adjusted. More detailed index series and additional information may be obtained from the Division of International Prices, Bureau of Labor Statistics, 2 Massachusetts Avenue N.E., PSB 3955, Washington, DC 20212 or (202) 606-7155. Import Price Indexes -- Products have been classified by the 1995 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 1995 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. Prior to January 1993, nonmanufactured goods were defined as SITC 0-4 and manufactured goods were defined as SITC 5-8. Beginning with January 1993, the indexes are defined by locality of origin using a nomenclature based upon the Standard Industrial Classification (SIC-based). Nonmanufactured goods are defined as SIC 0-1, and manufactured goods are defined as SIC 2-3. The indexes use 1995 weights and a base of 1995=100. Import, Export, and International Services Indexes -- Indexes are calculated on a quarterly basis. The figures for services indexes will not sum up to the aggregate dollar value because not all categories are shown in the tables. Revenue figures for air passenger indexes exclude frequent flyer tickets and those sold by consolidators. Indexes for crude oil tanker freight are calculated from data collected by the U. S. Department of Energy and the publication of these indexes is lagged one quarter. Revision policy -- Data are revised for the previous three months to reflect the availability of late reports and corrections by respondents. Uses of the Data -- The primary use of the indexes is to deflate trade statistics. For merchandise trade, the End Use classification system is the structure used by the U.S. Department of Commerce in the construction of the foreign trade sector of the National Income and Product Accounts. Indexes published using the Harmonized System and the Standard International Trade Classification, Rev. 3, both international structures, are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Accounts data, 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. The import and export news release contains monthly price indexes at the two-digit level of detail. If you would like to be added to the mailing list for more detailed index and percent change tables, please fill out the form below and mail or fax it to the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212 Phone Number: (202) 606-7155 Fax Number: (202) 606-7179 IPP Order Form Please add my name to the mailing list for the following publications. 1. Monthly News Release ______ 2. Harmonized System Indexes ______ 3. SITC Indexes ______ 4. BEA End-Use Indexes ______ 5. Locality of Origin Indexes ------ 6. 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