Technical information: USDL-07-1742 (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, November 9, 2007 U.S. IMPORT AND EXPORT PRICE INDEXES - OCTOBER 2007 - The U.S. Import Price Index advanced 1.8 percent in October, the Bureau of Labor Statistics of the U.S. Department of Labor reported today, led by a 6.9 percent rise in petroleum prices. The increase followed a 0.8 percent advance in September. Prices for U.S. exports rose 0.9 percent in October after a 0.3 percent increase 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 2006 October -2.5 -10.4 -0.6 -0.3 1.0 -0.5 November 0.4 -1.6 1.0 0.4 4.4 0.1 December 1.1 4.0 0.5 0.6 2.4 0.5 2007 January -1.2 -6.6 -0.1 0.4 0.6 0.5 February 0.4 1.7 0.0 0.8 2.8 0.6 March 1.6 8.5 0.3 0.7 2.1 0.6 April 1.4 6.8 0.3 0.4 -1.4 0.5 May 0.9 2.7 0.6 0.3 -0.1 0.4 June 1.2 4.8 0.3 0.4 2.7 0.2 July 1.2 6.0 0.1 0.1 1.6 -0.1 August -0.4 r -1.6 r 0.0 r 0.2 1.0 r 0.2 r September 0.8 r 4.6 r -0.2 0.3 4.1 -0.1 r October 1.8 6.9 0.5 0.9 3.9 0.5 October 2005-06 -1.0 -6.9 0.4 2.9 5.3 2.6 October 2006-07 9.6 41.4 3.2 5.6 26.8 3.9 r = revised to reflect late reports and corrections by respondents. Import Goods The 1.8 percent rise in import prices in October was the largest monthly increase since a similar change in May 2006. The advance followed a 0.8 percent rise in September as the increase during the past two months continued the upward trend over most of 2007 after a 0.4 percent downturn in August. The 6.9 percent increase in petroleum prices was the largest contributor to the October increase, although nonpetroleum prices also advanced, rising 0.5 percent. Petroleum prices continued an upward trend over the past year, rising 41.4 percent for the 12 months ended in October. The increase in nonpetroleum prices in October followed a 0.2 percent decline in September. Nonpetroleum prices advanced 3.2 percent over the past year while the price index for overall imports rose 9.6 percent for the same period. A 1.5 percent increase in the price index for nonpetroleum industrial supplies and materials was the largest contributor to the overall rise in nonpetroleum prices in October. The advance followed declines in each of the three prior months. In October, higher prices for natural gas, chemicals, and some metals more than offset decreasing prices for building materials. The price indexes for automotive vehicles and consumer goods also rose in October. The 0.4 percent advance in automotive vehicle prices was the largest increase since a 0.7 percent jump in October 2003 and was driven by higher prices for passenger automobiles and parts. The increase in passenger automobile prices was partially due to year-end model changeovers. Prices for consumer goods ticked up 0.1 percent for the third consecutive month. In contrast, capital goods prices edged down 0.1 percent in October, the first monthly drop for the index since April. The decline was led by a 0.9 percent decrease in computer prices. Excluding computers, prices for capital goods increased 0.2 percent. Export Goods The 0.9 percent increase in export prices was the largest one-month gain in the index since a 1.0 percent increase in April 1995. Higher prices for both agricultural and nonagricultural exports contributed to the advance. Agricultural prices increased 3.9 percent in October after a 4.1 percent rise the previous month and advanced 26.8 percent over the past year. The October increase was driven by a sharp rise in wheat prices, which rose 18.9 percent following a 22.0 percent increase in September. Higher prices for soybeans, vegetables, and corn also contributed to the overall advance in agricultural prices. Nonagricultural prices increased 0.5 percent in October after recording a 0.1 percent decline the previous month. For the year ended in October, nonagricultural prices rose 3.9 percent while overall export prices advanced 5.6 percent. The October increase in nonagricultural prices was led by a 1.2 percent rise in the price index for nonagricultural industrial supplies and materials. The advance followed a 0.3 percent downturn in September. Rising prices for fuel, metals, and chemicals were the main contributors to the October increase. Each of the major finished goods indexes also recorded advances in October. The price indexes for consumer goods and capital goods rose 0.4 percent and 0.2 percent, respectively. Automotive vehicle prices increased 0.3 percent in October, which was mostly attributable to year-end model changeovers. Imports by Locality of Origin Prices for imports from China rose for the sixth consecutive month in October, increasing 0.3 percent. The index had risen 0.1 percent in September following 0.4 percent increases in July and August. The index rose 2.2 percent over the past 12 months after declining 1.4 percent for the October 2005-2006 period. Import prices from Canada and from the European Union advanced 1.8 percent and 0.6 percent, respectively, in October. Higher fuel prices and a decline in the value of the dollar contributed to the increases. For the year ended in October, prices for imports from Canada rose 11.4 percent while import prices from the European Union were up 2.4 percent. The price indexes for imports from Mexico and from Japan also increased in October, rising 2.5 percent and 0.1 percent, respectively. Higher petroleum prices led the advance in prices for imports from Mexico, which rose 12.6 percent over the past year. In contrast, import prices from Japan declined 0.2 percent over the same period. Import and Export Services The price index for export travel and tourism, which is lagged one month, increased 2.1 percent in September after a 0.4 percent advance in August. Import air passenger fares decreased for the second consecutive month in October, falling 5.6 percent following a 6.3 percent drop in September. The decline in October was driven by lower seasonal European fares, which declined 12.7 percent. Despite the recent drops, the index rose 5.5 percent over the past 12 months. Export air passenger fares fell 0.6 percent in October, but advanced 10.0 percent over the past year. The price indexes for import air freight and export air freight each rose in October, advancing 0.8 percent and 0.9 percent, respectively. Import air freight prices increased 1.7 percent for the year ended in October, while prices for export air freight rose 2.8 percent. CONTENTS OF RELEASE This news release includes the following tables: Table 1 U.S. Import Price Indexes, by End Use Table 2 U.S. Export Price Indexes, by End Use Table 3 U.S. Import Price Indexes, by NAICS Table 4 U.S. Export Price Indexes, by NAICS Table 5 U.S. Import Price Indexes, by Harmonized System Table 6 U.S. Export Price Indexes, by Harmonized System Table 7 U.S. Import Price Indexes, by Locality of Origin Table 8 U.S. International Price Indexes for Selected Transportation Services Table 9 U.S. Export Price Indexes for Travel and Tourism Services Table 10 U.S. Export Price Indexes for Postsecondary Education Services ------------------------------------------------------------------- Import and Export Price Index data for November 2007 are scheduled for release on December 12 at 8:30 A.M. (E.S.T.). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods October 2006-October 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. END Description 2006 2007 2007 2007 2007 USE September September October to to to to to 2007 2007 2007 Oct. July Aug. Sept. Oct. 1/ 2007 2007 2007 2007 2007 ALL COMMODITIES.......................................... 100.000 122.0 124.2 9.6 1.2 -0.4 0.8 1.8 ALL IMPORTS EXCLUDING PETROLEUM.......................... 79.354 107.0 107.5 3.2 0.1 0.0 -0.2 0.5 ALL IMPORTS EXCLUDING FUELS (Dec. 2001=100)................................... 77.258 110.0 110.3 2.4 0.3 0.2 0.0 0.3 0 FOODS, FEEDS, & BEVERAGES.............................. 4.396 131.7 133.0 9.8 1.3 0.5 1.2 1.0 00 Agricultural foods, feeds & beverages, excluding distilled beverages............. 3.365 144.3 146.5 11.9 1.4 0.5 1.5 1.5 01 Nonagricultural foods (fish, distilled beverages) 1.031 103.3 102.8 3.6 1.2 0.4 0.2 -0.5 1 INDUSTRIAL SUPPLIES & MATERIALS........................ 37.833 191.8 200.4 24.9 2.9 -1.4 1.9 4.5 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM........................... 17.187 140.6 142.7 8.9 -0.5 -1.1 -1.2 1.5 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING FUELS (Dec. 2001=100)............... 15.091 150.7 152.4 6.2 0.1 0.3 -0.9 1.1 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE....................................... 9.841 146.3 147.0 6.7 -0.3 0.3 -1.4 0.5 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM................ 7.346 132.8 136.6 12.1 -0.7 -2.9 -1.0 2.9 10 Fuels & lubricants............................... 22.742 252.9 269.9 40.4 4.9 -2.4 3.8 6.7 100 Petroleum & petroleum products............... 20.646 267.8 286.4 41.4 6.0 -1.6 4.6 6.9 10000 Crude................................ 14.922 277.1 298.7 46.5 6.7 0.1 5.4 7.8 101 Fuels, n.e.s.-coals & gas.................... 1.604 143.8 158.8 27.6 -7.2 -11.6 -1.9 10.4 10110 Gas-natural.......................... 1.431 136.6 151.7 28.9 -8.0 -12.8 -2.6 11.1 11 Paper & paper base stocks........................ 0.815 111.2 112.1 -0.8 -0.5 0.5 0.4 0.8 12 Materials associated with nondurable supplies & materials...................... 4.515 127.0 130.0 6.5 1.0 0.1 0.2 2.4 13 Selected building materials...................... 1.922 116.9 115.5 3.0 3.4 -0.3 0.3 -1.2 14 Unfinished metals related to durable goods....... 4.548 208.9 210.7 9.5 -2.1 0.1 -3.0 0.9 15 Finished metals related to durable goods......... 1.727 134.8 137.1 8.6 0.1 1.7 -1.0 1.7 16 Nonmetals related to durable goods............... 1.564 102.5 102.9 1.4 0.5 0.1 0.3 0.4 2 CAPITAL GOODS.......................................... 21.180 91.8 91.7 0.4 0.3 0.2 0.0 -0.1 20 Electric generating equipment.................... 2.606 106.4 106.6 3.9 0.1 0.6 0.0 0.2 21 Nonelectrical machinery.......................... 16.927 87.6 87.4 -0.5 0.2 0.2 0.0 -0.2 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............ 1.647 113.4 113.9 4.5 2.1 0.1 0.0 0.4 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 13.536 105.2 105.6 1.2 0.1 0.2 0.2 0.4 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES..................................... 23.055 101.9 102.0 1.4 0.3 0.1 0.1 0.1 40 Nondurables, manufactured........................ 10.680 105.1 105.2 2.2 0.5 0.1 0.2 0.1 41 Durables, manufactured........................... 11.227 98.5 98.7 0.7 0.1 0.2 0.0 0.2 42 Nonmanufactured consumer goods................... 1.148 103.4 103.3 1.5 0.5 0.3 0.0 -0.1 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods October 2006-October 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. END Description 2006 2007 2007 2007 2007 USE September September October to to to to to 2007 2007 2007 Oct. July Aug. Sept. Oct. 1/ 2007 2007 2007 2007 2007 ALL COMMODITIES............................................. 100.000 116.6 117.6 5.6 0.1 0.2 0.3 0.9 AGRICULTURAL COMMODITIES.................................... 8.948 156.7 162.8 26.8 1.6 1.0 4.1 3.9 NONAGRICULTURAL COMMODITIES................................. 91.051 113.8 114.4 3.9 -0.1 0.2 -0.1 0.5 0 FOODS, FEEDS, & BEVERAGES................................. 8.146 157.8 164.0 26.0 0.4 1.5 4.2 3.9 00 Agricultural foods, feeds & beverages, excluding distilled beverages................ 7.444 160.7 167.6 28.0 0.3 1.5 4.6 4.3 01 Nonagricultural foods (fish, distilled beverages)... 0.702 133.0 133.9 7.6 1.3 1.5 0.6 0.7 1 INDUSTRIAL SUPPLIES & MATERIALS........................... 29.918 148.6 150.3 9.5 -0.3 0.1 -0.1 1.1 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE.......................................... 11.451 155.1 157.2 8.0 -3.2 0.4 -0.9 1.4 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE....................................... 18.465 145.4 147.0 10.5 1.6 -0.1 0.3 1.1 10 Agricultural industrial supplies & materials........ 1.504 140.1 142.6 21.1 7.7 -0.9 2.0 1.8 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS.................................. 28.413 149.2 151.0 8.9 -0.7 0.1 -0.3 1.2 11 Fuels & lubricants.................................. 4.453 200.8 205.4 15.7 0.9 -2.7 1.7 2.3 12 Nonagricultural supplies & materials excluding fuels & building materials......... 22.846 144.7 146.2 7.9 -1.0 0.8 -0.7 1.0 13 Selected building materials......................... 1.114 114.6 114.6 3.7 0.2 0.0 0.4 0.0 2 CAPITAL GOODS............................................. 39.105 99.9 100.1 1.4 0.1 0.2 0.0 0.2 20 Electrical generating equipment..................... 3.663 106.7 107.2 1.2 0.1 0.1 0.0 0.5 21 Nonelectrical machinery............................. 28.303 93.1 93.2 0.5 0.2 0.0 0.0 0.1 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............... 7.139 123.5 124.1 5.1 0.3 0.4 0.2 0.5 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES...................... 10.417 106.2 106.5 1.1 0.1 0.0 0.0 0.3 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES........................................ 12.414 106.1 106.5 2.5 0.3 0.2 -0.2 0.4 40 Nondurables, manufactured........................... 5.913 107.0 107.4 3.7 0.3 0.3 -0.3 0.4 41 Durables, manufactured.............................. 5.431 104.2 104.2 1.2 0.3 0.1 0.1 0.0 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods October 2006-October 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. NAICS Description 2006 2007 2007 2007 2007 September September October to to to to to 2007 2007 2007 Oct. July Aug. Sept. Oct. 1/ 2007 2007 2007 2007 2007 Nonmanufactured articles...................................... 18.930 124.1 133.3 40.0 5.1 -1.3 4.2 7.4 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 1.528 116.7 118.7 12.9 2.9 0.1 0.8 1.7 111 Agricultural products............................. 1.085 119.6 121.8 19.1 5.3 0.7 2.0 1.8 21 OIL, GAS, MINERALS AND ORES........................... 17.402 124.8 134.7 42.8 5.4 -1.5 4.5 7.9 212 Minerals and ores (Dec. 2006=100)................. 0.395 103.5 105.0 n.a. 0.1 0.0 0.9 1.4 Manufactured articles......................................... 80.488 106.0 106.4 3.8 0.5 -0.2 0.0 0.4 31 MANUFACTURED GOODS, PART 1............................ 10.227 105.1 105.6 4.2 0.6 0.2 0.6 0.5 311 Food and kindred products......................... 2.470 114.2 115.6 11.9 1.3 0.8 0.9 1.2 312 Beverages and tobacco products.................... 0.790 103.2 103.3 1.2 0.3 0.2 0.0 0.1 313 Textiles and fabrics.............................. 0.494 107.3 108.4 4.6 0.3 0.5 -0.1 1.0 314 Textile mill products............................. 0.753 99.9 99.9 -0.7 0.2 0.3 -1.2 0.0 315 Apparel and accessories........................... 4.262 102.2 102.2 2.3 0.3 0.1 0.8 0.0 316 Leather and allied products....................... 1.459 102.6 102.9 1.9 0.5 0.0 0.6 0.3 32 MANUFACTURED GOODS, PART 2............................ 17.815 110.2 111.3 10.2 1.7 -1.5 0.4 1.0 321 Wood products..................................... 1.234 95.3 93.3 2.1 3.7 -0.4 0.0 -2.1 322 Paper............................................. 1.327 104.2 104.9 -0.4 -0.1 0.3 0.3 0.7 324 Petroleum and coal products....................... 4.549 117.3 122.4 27.8 2.3 -5.9 2.2 4.3 325 Chemicals......................................... 7.838 111.9 111.5 7.2 1.7 0.1 -0.5 -0.4 326 Plastics and rubber products...................... 1.662 104.5 105.1 1.7 0.6 0.3 0.3 0.6 327 Nonmetallic mineral products...................... 1.099 107.4 108.6 4.9 1.5 0.3 0.0 1.1 33 MANUFACTURED GOODS, PART 3............................ 52.446 104.8 105.0 1.6 -0.1 0.3 -0.3 0.2 331 Primary metals.................................... 5.362 144.2 145.7 9.8 -2.2 0.3 -3.0 1.0 332 Fabricated metal products, nesoi.................. 2.522 109.6 110.5 5.5 0.6 0.6 -0.1 0.8 333 Machinery, except electrical...................... 6.592 106.2 106.4 3.7 0.2 0.3 0.1 0.2 334 Computer and electronic products.................. 13.824 94.8 94.4 -3.3 -0.1 0.2 -0.1 -0.4 335 Electrical equipment, appliances, and components.. 3.624 107.5 107.9 4.5 0.4 0.6 0.2 0.4 336 Transportation equipment.......................... 14.293 102.0 102.3 1.5 0.3 0.1 0.3 0.3 337 Furniture and fixtures............................ 1.442 101.8 102.0 1.4 0.3 0.1 0.1 0.2 339 Miscellaneous manufactured commodities............ 4.788 106.4 106.7 1.8 0.0 0.2 0.0 0.3 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods October 2006-October 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. NAICS Description 2006 2007 2007 2007 2007 September September October to to to to to 2007 2007 2007 Oct. July Aug. Sept. Oct. 1/ 2007 2007 2007 2007 2007 Nonmanufactured articles...................................... 6.566 124.8 134.0 33.1 1.6 0.6 5.5 7.4 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 5.050 139.3 149.3 39.3 3.8 1.1 7.6 7.2 111 Agricultural products............................. 4.629 142.5 153.8 43.1 4.1 1.2 8.1 7.9 21 OIL, GAS, MINERALS AND ORES........................... 1.516 92.9 100.0 15.9 -4.2 -1.1 -0.6 7.6 211 Oil and gas....................................... 0.478 84.3 96.3 52.1 -10.4 -3.5 1.7 14.2 212 Minerals and ores................................. 1.038 97.5 102.1 5.5 -1.0 0.0 -1.7 4.7 Manufactured articles......................................... 90.610 106.2 106.6 3.7 0.4 0.1 0.0 0.4 31 MANUFACTURED GOODS, PART 1............................ 6.851 111.8 112.3 9.8 0.5 0.9 0.3 0.4 311 Food and kindred products......................... 4.302 120.3 120.8 15.8 1.0 1.3 0.6 0.4 312 Beverages and tobacco products.................... 0.486 102.9 104.2 4.3 -0.3 0.5 0.3 1.3 313 Textiles and fabrics.............................. 0.956 98.4 99.0 1.0 0.0 0.1 -0.1 0.6 315 Apparel and accessories........................... 0.551 100.5 100.5 0.4 0.0 0.0 0.0 0.0 32 MANUFACTURED GOODS, PART 2............................ 22.977 111.7 112.0 6.7 1.1 0.3 0.0 0.3 321 Wood products..................................... 0.564 111.2 111.2 6.8 0.1 0.0 0.4 0.0 322 Paper............................................. 2.118 111.0 111.2 3.2 0.9 0.4 0.2 0.2 324 Petroleum and coal products....................... 2.620 126.8 128.3 22.5 2.9 -4.7 3.3 1.2 325 Chemicals......................................... 14.407 110.8 111.0 5.6 1.0 1.2 -0.7 0.2 326 Plastics and rubber products...................... 2.316 105.5 105.8 2.1 0.5 0.6 0.2 0.3 327 Nonmetallic mineral products...................... 0.847 106.7 106.9 4.3 0.6 -0.6 0.0 0.2 33 MANUFACTURED GOODS, PART 3............................ 60.783 103.7 104.0 2.0 0.1 0.0 0.0 0.3 331 Primary metals.................................... 4.135 123.3 126.0 7.3 -1.7 -0.1 -1.4 2.2 332 Fabricated metal products, nesoi.................. 2.795 112.6 112.7 5.3 0.1 -0.2 0.1 0.1 333 Machinery, except electrical...................... 12.133 105.8 106.1 3.4 0.6 0.2 0.0 0.3 334 Computer and electronic products.................. 16.933 96.2 96.0 -1.8 -0.2 -0.1 0.0 -0.2 335 Electrical equipment, appliances, and components.. 3.583 104.8 105.1 2.8 0.5 0.1 0.1 0.3 336 Transportation equipment.......................... 16.424 104.5 104.9 2.5 0.1 0.2 0.1 0.4 339 Miscellaneous manufactured commodities............ 4.437 104.4 105.3 2.7 0.5 0.1 0.1 0.9 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods October 2006-October 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Oct. June July Aug. Sept. nized Description 2006 2007 2007 2007 2007 System September September October to to to to to 2007 2007 2007 Oct. July Aug. Sept. Oct. 1/ 2007 2007 2007 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.174 128.1 125.9 4.2 0.7 0.5 -0.6 -1.7 02 Meat and edible meat offal.......................... 0.307 147.7 148.6 4.4 0.7 0.3 -0.5 0.6 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.585 101.4 99.5 1.4 1.2 0.0 0.0 -1.9 II VEGETABLE PRODUCTS........................................ 1.223 140.1 145.5 20.6 3.4 0.6 4.2 3.9 07 Edible vegetables, roots, and tubers................ 0.330 198.6 191.5 16.3 15.7 0.1 -2.3 -3.6 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.375 101.0 111.1 28.0 -3.3 1.7 13.0 10.0 09 Coffee, tea, mate and spices........................ 0.246 146.8 151.4 16.0 0.3 1.2 1.7 3.1 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.035 125.9 126.3 6.0 0.6 0.2 0.5 0.3 20 Preparations of vegetables, fruit, nuts, or other parts of plants............... 0.271 128.1 130.0 10.4 -0.6 0.1 4.6 1.5 22 Beverages, spirits, and vinegar..................... 0.761 111.3 111.0 0.8 -0.6 0.2 -0.1 -0.3 V MINERAL PRODUCTS.......................................... 22.399 248.9 266.6 39.4 4.7 -2.3 4.0 7.1 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 22.011 248.8 266.7 40.1 4.7 -2.4 4.1 7.2 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 7.082 124.6 124.9 7.3 1.4 -0.1 -0.6 0.2 28 Inorganic chemicals................................. 0.961 220.7 204.1 23.0 5.8 -1.4 -4.5 -7.5 29 Organic chemicals................................... 2.458 119.2 121.7 2.0 -0.4 -0.2 -0.4 2.1 30 Pharmaceutical products............................. 1.962 109.2 109.1 3.5 0.9 0.3 0.3 -0.1 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty............ 0.173 102.3 103.7 2.3 0.6 0.0 0.1 1.4 33 Essential oils and resinoids (Dec. 2001=100)........ 0.404 114.0 114.2 3.1 0.1 -0.1 0.2 0.2 38 Miscellaneous chemical products..................... 0.422 98.5 98.8 3.9 0.8 0.5 0.0 0.3 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 2.878 122.9 123.9 2.0 0.7 0.2 0.2 0.8 39 Plastics and articles thereof....................... 1.873 120.5 121.1 1.5 1.1 0.0 0.3 0.5 40 Rubber and articles thereof......................... 1.005 127.6 129.4 2.9 -0.1 0.2 -0.1 1.4 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.594 109.3 110.0 4.0 0.8 0.1 1.2 0.6 42 Articles of leather; travel goods, bags, etc. of various materials.................... 0.517 109.6 110.5 4.4 0.8 0.1 1.4 0.8 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 1.298 117.0 114.2 1.3 3.7 -0.6 0.0 -2.4 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 1.514 108.7 109.4 0.2 0.0 0.4 0.3 0.6 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.027 104.1 104.4 -1.9 -0.1 0.1 0.3 0.3 49 Printed matter...................................... 0.272 117.1 117.3 2.1 0.6 0.0 0.7 0.2 XI TEXTILE AND TEXTILE ARTICLES.............................. 5.317 102.8 102.9 1.8 0.2 0.2 0.3 0.1 61 Articles of apparel and clothing accessories, knitted or crocheted............ 1.885 100.5 100.5 0.4 0.1 0.1 -0.1 0.0 62 Articles of apparel and clothing accessories, not knitted or crocheted........ 2.173 103.0 103.0 3.6 0.3 0.1 1.4 0.0 63 Made-up or worn textile articles.................... 0.502 92.0 92.0 -2.5 0.2 0.0 -2.2 0.0 XII HEADGEAR, UMBRELLAS, ARTIFICIAL FLOWERS, ETC............................. 1.210 102.0 102.2 1.4 0.5 0.0 0.0 0.2 64 Footwear and parts of such articles................ 1.022 101.8 102.0 0.8 0.5 0.1 -0.1 0.2 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.953 111.8 112.7 3.5 1.0 0.3 0.0 0.8 68 Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100)............ 0.330 103.5 104.7 1.3 1.2 0.1 -0.5 1.2 69 Ceramic products.................................... 0.305 119.6 120.6 6.5 2.0 0.0 0.7 0.8 70 Glass and glassware................................. 0.318 111.8 112.1 2.7 -0.1 0.5 0.0 0.3 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 2.770 132.3 135.5 8.9 -0.3 0.4 -0.5 2.4 XV BASE METALS AND ARTICLES OF BASE METAL.................... 6.466 170.2 170.5 5.9 -1.4 0.1 -2.4 0.2 72 Iron and steel...................................... 1.550 205.6 205.7 9.8 1.6 0.0 -1.9 0.0 73 Articles of iron or steel........................... 1.448 130.6 132.6 5.4 0.6 0.7 -0.1 1.5 74 Copper and articles thereof......................... 0.897 303.0 306.5 6.6 -1.8 4.8 -4.3 1.2 76 Aluminum and articles thereof....................... 1.058 141.9 138.8 -0.9 -2.2 1.3 -2.4 -2.2 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.347 108.3 108.5 1.1 0.0 0.3 0.1 0.2 83 Miscellaneous articles of base metal................ 0.469 125.9 126.1 2.9 0.2 0.4 0.2 0.2 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC................. 23.808 88.2 88.1 0.0 0.2 0.3 -0.1 -0.1 84 Machinery and mechanical appliances; parts thereof.. 12.317 88.8 88.8 0.6 0.5 0.2 0.0 0.0 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts........ 11.491 87.7 87.4 -0.5 0.0 0.2 0.0 -0.3 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 12.406 106.4 106.9 1.4 0.2 0.1 0.2 0.5 87 Motor vehicles and their parts...................... 11.452 105.6 106.0 1.3 0.2 0.1 0.2 0.4 88 Aircraft, spacecraft, and parts thereof (Dec. 2002=100)...................... 0.844 109.4 110.1 2.5 0.3 0.1 0.0 0.6 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 2.907 99.4 99.5 -0.3 -0.4 0.3 0.1 0.1 90 Optical, photographic, measuring and medical instruments.......................... 2.580 97.6 97.7 -0.6 -0.4 0.2 0.1 0.1 91 Clocks and watches and parts thereof................ 0.240 116.8 117.1 3.4 0.2 0.3 0.2 0.3 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 3.742 101.6 101.8 1.7 0.2 0.1 0.2 0.2 94 Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldg........ 2.126 105.0 105.5 1.5 0.2 0.1 0.1 0.5 95 Toys, games and sports equipment; parts and accessories thereof...................... 1.410 96.8 96.7 1.6 0.2 0.1 0.2 -0.1 96 Miscellaneous manufactured articles................. 0.206 107.1 106.8 4.8 0.1 0.0 0.1 -0.3 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods October 2006-October 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Oct. June July Aug. Sept. nized Description 2006 2007 2007 2007 2007 System September September October to to to to to 2007 2007 2007 Oct. July Aug. Sept. Oct. 1/ 2007 2007 2007 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.656 160.2 155.1 16.0 2.5 1.8 0.3 -3.2 02 Meat & edible meat offal (Dec. 2006=100)............ 0.885 131.3 126.6 n.a. 1.8 2.3 1.1 -3.6 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.435 130.5 131.7 8.8 1.9 2.1 1.0 0.9 II VEGETABLE PRODUCTS........................................ 4.625 178.4 191.8 39.5 2.5 1.2 7.9 7.5 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.682 122.7 126.2 14.4 -2.1 3.9 2.7 2.9 10 Cereals............................................. 2.072 201.2 221.3 46.9 -2.5 2.9 12.0 10.0 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder............. 1.241 174.6 185.7 53.9 6.3 -0.8 5.2 6.4 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.323 123.0 125.6 10.0 -0.2 1.1 1.2 2.1 21 Miscellaneous edible preparations................... 0.432 115.2 115.4 6.1 0.7 3.3 -0.1 0.2 23 Residues and waste from the food industries; prepared animal feed............. 0.516 153.3 163.9 26.7 0.6 1.2 5.2 6.9 V MINERAL PRODUCTS.......................................... 4.352 241.0 248.8 19.9 0.5 -2.9 1.4 3.2 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 3.643 229.0 237.0 23.1 0.7 -3.4 2.2 3.5 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 11.873 131.4 131.9 5.4 1.0 1.1 -1.1 0.4 28 Inorganic chemicals................................. 1.214 166.6 163.7 2.1 3.6 2.2 1.3 -1.7 29 Organic chemicals................................... 3.711 144.1 147.1 3.8 -0.4 2.1 -3.5 2.1 30 Pharmaceutical products............................. 2.494 114.7 115.3 4.9 0.4 0.2 -0.1 0.5 32 Tanning or dyeing extracts, dyes, paints, varnish, putty, & inks............... 0.590 114.2 115.3 4.9 1.0 -1.6 -0.2 1.0 33 Essential oils and resinoids; perfumery, cosmetic or toilet................ 0.673 116.7 116.8 1.7 0.3 0.9 -1.4 0.1 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes........... 0.419 115.9 109.0 0.0 0.4 3.5 0.1 -6.0 38 Miscellaneous chemical products..................... 1.663 120.0 119.3 5.8 0.0 0.1 0.2 -0.6 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 5.503 133.4 133.8 3.6 0.6 0.7 0.3 0.3 39 Plastics and articles thereof....................... 4.416 129.4 129.9 3.2 0.6 0.8 0.4 0.4 40 Rubber and articles thereof......................... 1.087 149.8 150.5 5.8 0.4 0.3 -0.3 0.5 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.459 119.1 118.4 -1.0 -2.9 0.0 0.0 -0.6 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 0.724 113.1 113.0 4.1 -0.4 -0.6 0.6 -0.1 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 2.713 112.6 113.6 6.0 1.1 0.3 0.4 0.9 47 Woodpulp and recovered paper........................ 0.685 117.6 120.8 18.9 2.7 0.1 1.6 2.7 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.449 109.5 109.5 2.1 0.6 0.3 0.3 0.0 49 Printed material.................................... 0.579 118.3 119.6 2.6 0.5 0.3 -0.2 1.1 XI TEXTILE AND TEXTILE ARTICLES.............................. 2.458 104.5 105.2 4.0 2.2 -0.2 0.6 0.7 52 Cotton, including yarns and woven fabrics thereof... 0.699 100.9 103.5 14.0 7.7 -1.5 3.0 2.6 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.806 110.1 110.7 6.3 0.0 0.0 0.0 0.5 70 Glass and glassware................................. 0.435 98.9 99.4 4.2 0.3 0.1 0.0 0.5 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 3.403 157.0 163.9 20.7 -6.0 2.5 0.1 4.4 XV BASE METALS AND ARTICLES OF BASE METALS................... 5.814 161.8 162.5 3.7 -1.9 -0.8 -1.8 0.4 72 Iron and steel...................................... 1.471 191.8 193.5 7.3 -4.6 -2.6 -1.3 0.9 73 Articles of iron or steel........................... 1.438 147.8 148.1 7.3 -0.2 -0.4 0.1 0.2 74 Copper and articles thereof......................... 0.669 240.2 248.4 0.3 0.4 1.5 -3.3 3.4 76 Aluminum and articles thereof....................... 0.984 141.0 137.9 -1.6 -1.9 0.6 -4.4 -2.2 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.405 115.5 115.8 3.0 0.6 0.1 0.1 0.3 83 Miscellaneous articles of base metal................ 0.404 128.1 128.3 3.4 0.2 0.1 0.1 0.2 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC............... 31.568 94.4 94.4 0.5 0.1 0.0 0.0 0.0 84 Machinery and mechanical appliances; parts thereof.. 18.097 102.8 103.0 0.8 0.1 0.0 0.0 0.2 85 Electrical machinery and equipment and parts and accessories thereof............ 13.471 85.2 85.0 0.4 0.0 -0.1 0.1 -0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 13.713 114.4 114.7 2.2 0.2 0.2 0.2 0.3 87 Motor vehicles and their parts...................... 8.794 105.8 106.1 1.0 0.1 0.0 0.1 0.3 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 6.154 103.9 104.5 1.9 0.2 0.4 0.0 0.6 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 1.445 105.3 105.7 4.5 0.4 0.3 -0.1 0.4 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi;........... 0.790 113.2 113.5 5.4 0.4 0.2 -0.4 0.3 95 Toys, games and sports equipment; parts and accessories thereof...................... 0.491 91.3 92.1 -1.2 0.4 0.6 0.3 0.9 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin October 2006-October 2007 2000=100, unless otherwise noted Index Percent Change Annual Monthly Percentage Oct. June July Aug. Sept. Description of 2006 2007 2007 2007 2007 U.S. September October to to to to to Imports 2007 2007 Oct. July Aug. Sept. Oct. 1/ 2007 2007 2007 2007 2007 2/ Industrialized Countries............................ 44.813 120.5 122.1 6.7 0.6 -0.2 0.2 1.3 Nonmanufactured articles....................... 4.582 199.0 214.1 35.6 0.8 -3.2 3.1 7.6 Manufactured articles.......................... 39.766 114.4 115.0 3.8 0.6 0.3 -0.1 0.5 3/ Other Countries..................................... 55.187 119.8 122.6 10.6 1.8 0.2 -0.4 2.3 Nonmanufactured articles....................... 11.023 233.4 250.0 34.5 7.2 -0.3 -1.0 7.1 Manufactured articles.......................... 43.965 103.7 104.6 4.1 0.1 0.3 -0.3 0.9 Canada.............................................. 17.052 135.7 138.1 11.4 0.4 -0.3 0.4 1.8 Nonmanufactured articles....................... 3.871 191.3 206.3 33.7 -0.4 -3.7 1.8 7.8 Manufactured articles.......................... 12.851 125.4 125.5 5.9 0.6 0.7 0.0 0.1 4/ European Union...................................... 17.908 121.9 122.6 2.4 0.4 -0.2 0.1 0.6 Nonmanufactured articles....................... 0.389 244.7 261.1 26.1 7.9 -4.3 0.9 6.7 Manufactured articles.......................... 17.406 119.6 120.1 2.0 0.3 0.1 0.0 0.4 France (Dec. 2003=100).............................. 1.888 109.7 110.2 4.9 1.8 0.3 0.1 0.5 Germany (Dec. 2003=100)............................. 5.008 108.5 108.2 2.9 0.3 0.5 0.1 -0.3 United Kingdom (Dec. 2003=100)...................... 2.845 120.8 122.7 5.3 1.6 -1.3 0.0 1.6 5/ Latin America....................................... 17.619 149.6 153.3 12.5 2.5 0.3 -0.5 2.5 Nonmanufactured articles....................... 4.822 242.1 257.3 35.9 8.7 -0.6 -0.5 6.3 Manufactured articles.......................... 12.721 131.2 132.2 3.4 -0.2 0.6 -0.5 0.8 Mexico (Dec. 2003=100).............................. 10.163 130.4 133.6 12.6 1.7 0.4 1.2 2.5 6/ Pacific Rim (Dec. 2003=100)......................... 33.452 99.4 99.5 1.0 0.3 0.2 0.3 0.1 China (Dec. 2003=100)............................... 14.941 99.0 99.3 2.2 0.4 0.4 0.1 0.3 Japan............................................... 8.308 93.9 94.0 -0.2 -0.2 0.0 0.1 0.1 7/ Asian NICs.......................................... 6.124 88.9 88.6 -0.7 0.2 0.0 0.2 -0.3 8/ ASEAN (Dec. 2003=100)............................... 5.993 97.0 97.0 -1.3 0.9 0.1 -0.1 0.0 9/ Asia Near East (Dec. 2003=100)...................... 3.765 203.1 214.9 29.7 5.3 0.6 0.6 5.8 1 Percentage of trade figures are based on 2005 trade values. 2 Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa. 3 Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere. 4 Includes European Union countries. 5 Includes Mexico, Central America, South America and the Caribbean. 6 Includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and Asian Newly Industrialized Countries. 7 Asian Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan. 8 Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. 9 Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen. NOTES: Data may be revised in each of the three months after original publication. Regions are not mutually exclusive. n.a. Not available Table 8 U.S. International Price Indexes and Percent Changes for Selected Transportation Services October 2006-October 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. Description 2006 2007 2007 2007 2007 September September October to to to to to 2007 2007 2007 Oct. July Aug. Sept. Oct. 1/ 2007 2007 2007 2007 2007 AIR FREIGHT Import Air Freight................................ 100.000 134.2 135.3 1.7 0.0 1.3 0.1 0.8 Europe (Dec. 2003=100)....................... 28.306 134.5 137.5 4.9 0.0 2.4 -0.5 2.2 Asia......................................... 60.907 116.3 116.7 0.7 0.0 0.9 0.6 0.3 Export Air Freight................................ 100.000 119.6 120.7 2.8 0.6 0.4 1.2 0.9 Europe (Dec. 2006=100)....................... 38.885 102.3 104.8 n.a. 0.6 0.8 0.5 2.4 Inbound Air Freight............................... 100.000 129.6 130.9 2.3 0.1 1.6 0.2 1.0 Europe (Dec. 2003=100)....................... 30.132 129.7 132.6 5.8 -0.2 2.6 -0.5 2.2 Asia......................................... 57.058 110.9 111.4 0.5 0.0 1.2 0.6 0.5 Outbound Air Freight.............................. 100.000 117.0 118.1 2.0 0.5 1.1 0.7 0.9 Europe (Dec. 2003=100)....................... 41.722 131.6 132.2 1.0 0.6 0.8 0.2 0.5 Asia......................................... 40.117 105.7 106.6 0.0 0.2 1.2 -0.2 0.9 AIR PASSENGER FARES Import Air Passenger Fares........................ 100.000 140.2 132.4 5.5 3.3 0.1 -6.3 -5.6 Europe....................................... 47.355 152.0 132.7 11.3 0.3 0.8 -2.3 -12.7 Asia......................................... 23.049 118.7 116.2 5.3 5.8 -2.0 -15.5 -2.1 Latin America/Caribbean...................... 11.943 120.9 124.0 2.6 5.6 0.7 -2.0 2.6 Export Air Passenger Fares........................ 100.000 154.6 153.7 10.0 5.1 3.4 -3.4 -0.6 Europe....................................... 31.091 187.6 186.7 7.8 9.3 2.9 -7.4 -0.5 Asia......................................... 32.091 126.7 121.9 11.5 2.7 10.4 -4.2 -3.8 Latin America/Caribbean...................... 20.127 168.6 168.6 9.1 3.5 -3.2 2.7 0.0 Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000 134.1 133.2 9.0 7.7 3.6 -5.6 -0.7 Europe (Dec. 2003=100)....................... 38.724 135.1 134.5 6.7 12.1 3.1 -10.7 -0.4 Asia (Dec. 2003=100)......................... 30.349 123.9 117.8 9.3 3.2 10.8 -3.8 -4.9 Latin America/Caribbean (Dec. 2003=100)...... 12.776 128.9 131.4 7.5 4.9 -3.2 2.1 1.9 Canada (Dec. 2003=100)....................... 8.056 180.7 191.8 18.2 1.9 1.8 1.3 6.1 Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000 134.3 128.8 6.4 2.5 0.5 -4.8 -4.1 Europe (Dec. 2003=100)....................... 42.860 154.6 137.0 10.2 0.6 0.8 -3.1 -11.4 Asia (Dec. 2003=100)......................... 21.651 116.4 115.4 5.0 4.7 -0.3 -11.1 -0.9 Latin America/Caribbean (Dec. 2003=100)...... 20.638 113.6 115.6 2.3 1.8 0.5 -0.5 1.8 Canada (Dec. 2003=100)....................... 6.271 173.3 183.4 11.8 0.6 5.3 -2.3 5.8 CRUDE OIL TANKER FREIGHT 2/ Inbound Crude Oil Tanker Freight.................. 100.000 n.a. n.a. n.a. 4.0 -11.9 n.a. n.a. OCEAN LINER FREIGHT Inbound Ocean Liner Freight....................... 100.000 112.3 112.4 -1.3 0.0 -0.2 0.0 0.1 U.S. East Coast.............................. 56.510 117.1 117.2 -1.0 -0.3 0.1 0.0 0.1 From Atlantic.......................... 24.503 114.9 114.6 -3.7 -0.1 0.0 0.0 -0.3 From Pacific........................... 23.357 122.5 122.0 0.7 -0.4 0.2 0.1 -0.4 U.S. West Coast.............................. 43.490 109.7 109.8 -1.6 0.3 -0.5 0.0 0.1 1 Relative importance figures are based on 2005 trade values. 2 Publication of the Crude Oil Tanker Freight Indexes is lagged two months, as are the relative importance figures. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 9 U.S. Export Price Indexes and Percent Changes for Travel and Tourism Services September 2006-September 2007 December 2006=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Sept. May June July Aug. Description 2006 2007 2007 2007 2007 August August September to to to to to 2007 2007 2007 Sept. June July Aug. Sept. 1/ 2007 2007 2007 2007 2007 Export Travel and Tourism............. 100.000 104.1 106.3 n.a. -0.2 -1.3 0.4 2.1 From Europe...................... 39.600 104.6 106.7 n.a. -0.6 -1.3 0.5 2.0 From Asia........................ 31.932 103.1 106.0 n.a. 0.8 -1.8 0.2 2.8 From Latin America/Caribbean..... 15.343 103.9 105.7 n.a. -0.2 -1.1 0.2 1.7 From Canada...................... 8.746 104.9 106.3 n.a. -0.9 -0.1 0.1 1.3 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 10 U.S. Export Price Indexes and Percent Changes for Postsecondary Education Services Academic Year 2001/02 to 2006/07 Academic Year 2001/02 = 100, unless otherwise noted Relative Index Annual Percent Change Import- ance Academic Year Academic Years Description Academic 2001/02 2002/03 2003/04 2004/05 2005/06 Year 2005/06 2006/07 to to to to to 2005/06 2002/03 2003/04 2004/05 2005/06 2006/07 1/ EXPORT POSTSECONDARY EDUCATION Tuition & Fees and Room & Board......... 100.000 128.8 135.1 6.5 7.5 7.0 5.1 4.9 Graduate............................. 53.006 128.5 134.6 6.4 7.4 7.0 5.1 4.7 Undergraduate........................ 46.994 129.0 135.7 6.6 7.7 6.8 5.2 5.2 Private.............................. 47.874 123.0 129.4 5.2 5.7 5.1 5.2 5.2 Public............................... 52.126 134.2 140.5 7.8 9.2 8.6 5.0 4.7 Tuition & Fees....................... 73.181 131.6 138.2 7.1 8.4 7.8 5.2 5.0 Graduate Tuition & Fees......... 38.417 131.4 137.7 7.0 8.3 7.8 5.2 4.8 Undergraduate Tuition & Fees.... 34.764 131.7 138.8 7.2 8.6 7.6 5.2 5.4 Private Tuition & Fees.......... 35.497 124.3 131.2 5.6 6.1 5.3 5.4 5.6 Public Tuition & Fees........... 37.686 138.7 145.1 8.7 10.7 9.8 5.0 4.6 Room & Board......................... 26.819 121.5 127.1 5.0 5.1 4.9 4.9 4.6 Graduate Room & Board........... 14.589 121.3 127.1 5.0 5.1 5.0 4.7 4.8 Undergraduate Room & Board...... 12.230 121.7 127.2 5.0 5.1 4.9 5.1 4.5 Private Room & Board............ 12.377 119.1 124.3 4.2 4.8 4.5 4.4 4.4 Public Room & Board............ 14.440 123.6 129.5 5.7 5.5 5.2 5.4 4.8 1 Relative importance figures are based on 2005/06 academic year trade values. 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. Services Price Indexes -- Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represent transactions between U.S. and foreign residents) and International (which represent transactions inbound to and outbound from the U.S.). The Air Passenger Fares Indexes are calculated from data collected from a commercial airline reservation system. These data exclude frequent flyer tickets and those sold by consolidators. The Crude Oil Tanker Freight Indexes are calculated from data collected by the U. S. Department of Energy, and the publication of these indexes is lagged two months. The Air Freight and Ocean Liner Freight Indexes are calculated from data collected directly from companies. The Export Travel and Tourism Indexes are calculated from a subset of BLS Consumer Price Index data, and the publication of these indexes is lagged one month. The indexes are published by the country of residence of those traveling to the United States. Post-secondary Education Indexes are calculated from preliminary data collected by the U.S. Department of Education, and are calculated annually. Export post- secondary education refers to receipts from foreign students studying at U.S. institutions, including colleges, universities, and technical/professional schools. Fact sheets specifying detailed information for each services industry are available at http://www.bls.gov/mxp under "Publications and Other Documentation." Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for the Import Price Indexes. Beginning with January 2002, the indexes are defined by locality of origin using a nomenclature based upon the North American Industry Classification System (NAICS). Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are defined as NAICS 31-33. Revision Policy -- To reflect the availability of late reports and corrections by respondents, monthly data may be revised in each of the three months after original publication. After three months, no further data revisions take place. So, for example, data released in the January release will be subject to revision in the releases for February, March, and April. Uses of the Data -- The primary use of the indexes is to deflate trade statistics, notably the foreign trade sector of the National Income and Product Accounts constructed by the Department of Commerce. Other published indexes are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Income and Product Accounts, while International indexes are more appropriate for market analysis. Merchandise and services indexes also can be used to study U.S. competitiveness and price elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade analysis. Mailing List -- If you wish to be added to the mailing list to receive a copy of the U.S. Import and Export Price Index News Release, please either call the IPP information line at (202) 691-7101 or send e-mail to (mxpinfo@bls.gov) to provide your name and mailing address. You may also contact the IPP at the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212-0001 The information you provide will be used to register you for delivery of selected publications. The Bureau of Labor Statistics (BLS) is authorized to request this information under 5 United States Code (USC) Section 301. Furnishing such information is voluntary; however, BLS may not be able to register you for the subscription service if you fail to do so. As part of helping us assess the quality of our customer service, BLS may contact subscribers with a customer service survey. In addition, the IPP news release is now available through an e-mail subscription service at (http://www.bls.gov/mxp) or (http://www.bls.gov/bls/newsrels.htm). Additional Information -- More detailed IPP data are available on the IPP home page at (http://www.bls.gov/mxp). Flat Files and the FTP server are available for users requiring access to either a large volume of time series data or other IPP-related documentation. The FTP site can be accessed at ftp://ftp.bls.gov. For technical assistance in using the BLS Internet site, send e-mail to (labstat.helpdesk@bls.gov). For IPP data requests, send e-mail to (mxpinfo@bls.gov). Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.