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Economic News Release
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U.S. Import and Export Price Indexes News Release

Transmission of material in this release is embargoed until                                      USDL-24-0488
8:30 a.m. (ET) Friday, March 15, 2024

Technical information: (202) 691-7101 * MXPinfo@bls.gov * www.bls.gov/mxp
Media contact:         (202) 691-5902 * PressOffice@bls.gov


                              U.S. IMPORT AND EXPORT PRICE INDEXES - FEBRUARY 2024                              

U.S. import prices rose 0.3 percent in February, after advancing 0.8 percent in January, the U.S. Bureau of 
Labor Statistics reported today. Higher prices for both nonfuel and fuel imports contributed to the overall 
increase. Prices for U.S. exports advanced 0.8 percent in February following a 0.9-percent increase the 
previous month.

Imports 

U.S. import prices increased for the second consecutive month in February, rising 0.3 percent. The February 
and January advances were the first consecutive increases since September and August 2023. Despite the 
recent advances, prices for U.S. imports decreased 0.8 percent over the past year. (See table 1.)

Fuel Imports: Prices for import fuel rose 1.8 percent in February, after advancing 1.2 percent the previous 
month. The February increase was the largest advance since a 6.4-percent rise in September 2023. Higher 
prices for petroleum and natural gas in February each contributed to the overall increase in import fuel 
prices. In spite of the recent advances, import fuel prices fell 4.1 percent over the past year. Import 
petroleum prices increased 1.7 percent in February following a 1.8-percent advance in January. Prices for 
import petroleum fell 1.8 percent for the year ended in February, the smallest 12-month decline since the 
index last rose on an over-the-year basis in December 2022. The price index for import natural gas increased 
6.8 percent in February, after decreases of 12.2 percent in January and 3.6 percent in December. Import 
natural gas prices declined 40.2 percent from February 2023 to February 2024.  

All Imports Excluding Fuel: The price index for nonfuel imports advanced 0.2 percent in February 
following a 0.7-percent increase the previous month. Prices for nonfuel imports last declined on a monthly 
basis in October 2023. Higher prices for consumer goods; foods, feeds, and beverages; capital goods; and 
automotive vehicles in February more than offset lower prices for nonfuel industrial supplies and materials. 
Despite the recent increases, prices for nonfuel imports declined 0.5 percent over the past 12 months.        

Foods, Feeds, and Beverages: Prices for foods, feeds, and beverages rose 1.1 percent in February, after 
advancing 1.7 percent in January. The February increase was led by higher prices for fish and shellfish, 
meat, and bakery and confectionary products.     

Nonfuel Industrial Supplies and Materials: Nonfuel industrial supplies and materials prices fell 0.5 percent 
in February, the largest 1-month decline since October 2023. The February decrease was driven by lower 
prices for unfinished metals and chemicals. 

Finished Goods: Prices for each of the major finished goods import categories increased in February. 
Consumer goods prices advanced 0.3 percent following a 1.2-percent increase in January. The February rise 
was led by higher prices for nonmanufactured consumer goods. Capital goods prices rose 0.2 percent in 
February, after advancing 0.4 percent the previous month. The February increase was driven by a 3.0-
percent rise in prices for engines for civilian aircraft. The price index for automotive vehicles ticked up 0.1 
percent in February following a 0.7-percent rise in January.            

Table A. Percent change in Import and Export Price Indexes, selected categories

Month IMPORTS EXPORTS
All
imports
Fuel
imports
Nonfuel
imports
All
exports
Agri-
cultural
exports
Non-
agricultural
exports

2023

February

-0.2 -5.6 0.4 0.4 0.8 0.3

March

-0.8 -4.4 -0.5 -0.4 -1.8 -0.2

April

0.3 4.6 -0.1 -0.1 0.4 -0.1

May

-0.4 -5.0 0.0 -2.1 -2.3 -2.1

June

-0.2 1.1 -0.3 -0.6 -1.4 -0.5

July

0.0 1.2 -0.1 0.3 0.5 0.4

August

0.6 8.8 -0.2 1.2 -1.9 1.6

September

0.5 6.4 -0.2 0.5 -1.1 0.7

October

-0.6 -3.9 -0.2 -0.9 -1.0 -0.9

November

-0.5 -6.3 0.1 -0.7 (r)0.0 -0.8

December

-0.7 (r)-8.0 (r)0.1 -0.7 -0.2 (r)-0.7

2024

January

0.8 1.2 0.7 (r)0.9 -1.0 (r)1.1

February

0.3 1.8 0.2 0.8 0.8 0.8

Feb. 2022 to 2023

-1.1 -12.3 0.2 -0.8 3.1 -1.4

Feb. 2023 to 2024

-0.8 -4.1 -0.5 -1.8 -8.9 -1.0

Footnotes
(r) Revised

Exports 

The price index for U.S. exports increased 0.8 percent in February, after rising 0.9 percent in January. 
Higher nonagricultural and agricultural prices contributed to the February advance. Despite the recent 
increases, U.S. export prices declined 1.8 percent for the year ended in February. That was the smallest 12-
month drop since the index decreased 0.8 percent from February 2022 to February 2023. (See table 2.)

Agricultural Exports: Agricultural export prices advanced 0.8 percent in February following a 1.0-percent 
decrease in January. Higher prices for nuts, fruit, vegetables, and wheat in February more than offset lower 
soybean prices. Prices for agricultural exports declined 8.9 percent over the past 12 months. Lower prices 
for soybeans, corn, and wheat all contributed to the over-the-year drop in agricultural prices.         

All Exports Excluding Agriculture: Prices for nonagricultural exports rose 0.8 percent in February 
following a 1.1-percent advance the previous month. Higher prices for nonagricultural industrial supplies 
and materials, capital goods, and nonagricultural foods in February all contributed to the rise in 
nonagricultural export prices. Prices for nonagricultural exports decreased 1.0 percent for the year ended in 
February, the smallest over-the-year decline since the index last increased on a 12-month basis from January 
2022 to January 2023.       

Nonagricultural Industrial Supplies and Materials: The price index for nonagricultural industrial supplies 
and materials advanced 1.6 percent in February, after increasing 2.2 percent the previous month. The 
February rise was driven by a 2.8-percent advance in fuel prices that followed a 5.4-percent increase in 
January. 

Finished Goods: Prices for the major finished goods export categories were up overall in February. Export 
capital goods prices rose 0.4 percent in February following a 0.8-percent advance in January. The increase 
in February was led by higher prices for industrial and service machinery; computers, peripherals, and 
semiconductors; and telecommunications equipment. The price indexes for consumer goods and automotive 
vehicles were unchanged in February, after consumer goods prices fell 1.2 percent in January and 
automotive vehicles prices rose 0.4 percent.      

More information for the major import and export price indexes can be found at 
www.bls.gov/web/ximpim/largest.htm.

Measures of Import and Export Prices by Locality

Imports by Locality of Origin: Import prices from China declined 0.2 percent in February following a 0.4-
percent drop the previous month. The price index for imports from China last rose on a monthly basis in 
October 2022. Prices for imports from China decreased 3.1 percent for the year ended in February. Import 
prices from Japan edged down 0.1 percent in February, after increasing 1.1 percent in January. The price 
index for imports from Japan rose 1.5 percent over the past year, the largest 12-month increase since 
February 2023. Prices for imports from Canada advanced 1.2 percent in February, the largest 1-month 
increase since a 1.4-percent rise in September 2023. Import prices from Canada decreased 3.9 percent over 
the past 12 months. The price index for imports from the European Union ticked up 0.1 percent in February 
and prices for imports from Mexico rose 0.5 percent. (See table 7.)
	
Exports by Locality of Destination: Export prices to China advanced 1.1 percent in February following a 
1.4-percent drop the previous month. The February increase was the largest monthly advance since February 
2023. Despite the February increase, prices for exports to China fell 4.4 percent over the past year. The price 
index for exports to Japan rose 0.5 percent in February, after advancing 0.9 percent in January. In spite of 
the recent increases, export prices to Japan decreased 6.9 percent for the year ended in February. Prices for 
exports to Canada rose 0.3 percent in February, the largest 1-month advance since a 0.6-percent increase in 
September 2023. The price index for exports to Canada declined 0.8 percent over the past year. Export 
prices to the European Union advanced 1.5 percent in February and prices for exports to Mexico rose 0.8 
percent over the same period. (See table 8.)

Terms of Trade Indexes: Terms of trade indexes are based on country, region, or grouping and measure 
the change in the purchasing power of exports relative to imports. U.S. terms of trade with China increased 
1.3 percent in February, the largest monthly advance since February 2023. Higher export prices to China in 
February and lower import prices from China each contributed to the advance. Despite the February rise, the 
index for U.S. terms of trade with China fell 1.4 percent over the past 12 months. U.S. terms of trade with 
Japan advanced 0.6 percent in February, after decreasing 0.2 percent the previous month. The index for U.S. 
terms of trade with Japan declined 8.2 percent from February 2023 to February 2024. U.S. terms of trade 
with Canada fell 0.9 percent in February following a 0.8-percent drop in January. U.S. terms of trade with 
the European Union advanced 1.4 percent in February and the index for U.S. terms of trade with Mexico 
increased 0.3 percent over the same period. (See table 9.)

Import and Export Services

Imports: Import air passenger fares were unchanged in February following a 6.2-percent decrease in 
January and a 6.9-percent increase in December. The index for import air passenger fares advanced 0.5 
percent from February 2023 to February 2024. Import air freight prices decreased 1.3 percent in February, 
after declining 14.8 percent the previous month. Lower Asian air freight prices in February more than offset 
higher prices for European air freight. Prices for import air freight fell 5.9 percent for the year ended in 
February. (See table 10.)

Exports: Export air passenger fares fell 10.1 percent in February, after increasing 10.8 percent the previous 
month. The February decline was the largest monthly drop since a 13.7-percent decrease in February 2023. 
Lower Latin American/Caribbean, Asian, and European fares in February all contributed to the overall 
decline. The index for export air passenger fares fell 2.7 percent for the year ended in February. Export air 
freight prices rose 1.9 percent in February following a 2.5-percent advance in January. Despite the recent 
increases, prices for export air freight declined 9.5 percent over the past 12 months.       
		
U.S. Import and Export Price Index data for March 2024 are scheduled for release on Friday, April 
12, 2024, at 8:30 a.m. (ET).


Table 1. U.S. import price indexes and percent changes for selected categories of goods: February 2023 to February 2024 [2000=100, unless otherwise noted]
Description End
Use
Relative
import-
ance
Jan.
2024(1)
Index Percent change
Jan.
2024
Feb.
2024
Annual Monthly
Feb.
2023
to
Feb.
2024
Oct.
2023
to
Nov.
2023
Nov.
2023
to
Dec.
2023
Dec.
2023
to
Jan.
2024
Jan.
2024
to
Feb.
2024

All commodities

  100.000 139.5 139.9 -0.8 -0.5 -0.7 0.8 0.3

All imports excluding food and fuels (Dec. 2010=100)

  84.854 108.1 108.2 -0.7 0.1 0.0 0.7 0.1

All imports excluding petroleum

  92.614 123.9 124.1 -0.8 0.2 0.0 0.6 0.2

All imports excluding fuels (Dec. 2001=100)

  92.103 127.8 128.0 -0.5 0.1 0.1 0.7 0.2

Foods, feeds, & beverages

0

7.249 218.5 220.9 2.9 1.0 -0.1 1.7 1.1

Agricultural foods, feeds & beverages, excluding distilled beverages

00

5.945 247.3 249.0 5.4 1.7 0.2 2.0 0.7

Nonagricultural foods (fish, distilled beverages)

01

1.304 148.5 153.0 -6.8 -2.1 -1.5 0.4 3.0

Industrial supplies & materials

1

22.605 236.0 236.8 -5.4 -2.3 -2.7 0.5 0.3

Industrial supplies & materials excluding petroleum

  15.247 198.1 197.5 -7.3 0.8 0.4 -0.2 -0.3

Industrial supplies & materials excluding fuels (Dec. 2001=100)

  14.695 221.4 220.4 -6.1 0.3 0.5 0.0 -0.5

Industrial supplies & materials, durable

  9.343 214.6 213.4 -7.0 0.4 0.4 0.1 -0.6

Industrial supplies & materials nondurable excluding petroleum

  5.875 179.6 179.7 -7.6 1.6 0.3 -0.5 0.1

Fuels & lubricants

10

7.897 267.8 272.6 -4.1 -6.3 -8.0 1.2 1.8

Petroleum & petroleum products

100

7.386 286.6 291.5 -1.8 -7.5 -8.4 1.8 1.7

Crude petroleum

10000

4.969 290.0 300.7 3.9 -9.2 -10.3 0.8 3.7

Fuels, n.e.s.-coals & gas

101

0.353 167.2 174.6 -34.7 21.0 -2.9 -9.1 4.4

Natural gas

10110

0.253 144.7 154.6 -40.2 30.4 -3.6 -12.2 6.8

Paper & paper base stocks

11

0.542 140.2 138.2 -5.9 1.3 -0.2 -0.1 -1.4

Materials associated with nondurable supplies & materials

12

4.823 194.5 194.3 -4.5 -0.1 0.7 0.0 -0.1

Unfinished metals related to durable goods

14

3.432 315.8 310.4 -11.8 1.2 0.4 1.1 -1.7

Finished metals related to durable goods

15

2.573 214.5 212.9 -2.2 1.2 1.5 -1.6 -0.7

Capital goods

2

28.829 93.5 93.7 -0.1 0.0 -0.1 0.4 0.2

Nonelectrical machinery

21

22.779 84.1 84.1 -0.8 -0.1 -0.1 0.1 0.0

Transportation equipment excluding motor vehicles (Dec. 2001=100)

22

1.638 155.5 157.5 5.1 -0.1 0.1 1.6 1.3

Automotive vehicles, parts & engines

3

13.645 119.9 120.0 2.0 -0.1 0.0 0.7 0.1

Automotive vehicles, parts and engines, 2 digit (Dec. 2023=100)

30

13.645 100.8 100.8 - - - 0.8 0.0

Consumer goods, excluding automotives

4

27.673 110.7 111.0 0.5 0.0 -0.1 1.2 0.3

Nondurables, manufactured

40

13.884 127.9 128.0 2.2 0.2 0.0 2.1 0.1

Durables, manufactured

41

12.806 94.6 94.6 -1.1 -0.2 -0.1 0.2 0.0

Nonmanufactured consumer goods

42

0.983 123.8 132.8 -0.8 0.5 0.3 -0.2 7.3

Footnotes
(1) Relative importance figures are based on 2022 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.
Dash = Not available


Table 2. U.S. export price indexes and percent changes for selected categories of goods: February 2023 to February 2024 [2000=100, unless otherwise noted]
Description End
Use
Relative
import-
ance
Jan.
2024(1)
Index Percent change
Jan.
2024
Feb.
2024
Annual Monthly
Feb.
2023
to
Feb.
2024
Oct.
2023
to
Nov.
2023
Nov.
2023
to
Dec.
2023
Dec.
2023
to
Jan.
2024
Jan.
2024
to
Feb.
2024

All commodities

  100.000 147.8 149.0 -1.8 -0.7 -0.7 0.9 0.8

Agricultural commodities

  9.520 228.5 230.3 -8.9 0.0 -0.2 -1.0 0.8

All exports excluding food and fuels (Dec. 2010=100)

  74.864 114.3 114.7 -0.2 0.2 0.3 0.1 0.3

All exports excluding fuels (June 2022=100)

  83.587 98.9 99.3 -0.8 0.1 0.2 0.0 0.4

Nonagricultural commodities

  90.480 141.5 142.6 -1.0 -0.8 -0.7 1.1 0.8

Foods, feeds, & beverages

0

8.724 230.1 231.6 -9.5 0.0 0.1 -1.0 0.7

Agricultural foods, feeds & beverages, excluding distilled beverages

00

8.344 232.4 233.9 -9.2 0.0 0.0 -1.1 0.6

Nonagricultural foods (fish, distilled beverages)

01

0.380 188.0 189.5 -14.3 0.2 0.5 0.6 0.8

Industrial supplies & materials

1

38.074 197.4 200.6 -4.1 -1.9 -2.0 2.1 1.6

Industrial supplies & materials, durable

  10.839 210.4 210.8 -2.6 1.1 1.1 0.0 0.2

Industrial supplies & materials, nondurable

  27.235 189.7 194.0 -4.6 -3.0 -3.2 2.9 2.3

Agricultural industrial supplies & materials

10

1.176 211.5 216.0 -6.0 -0.3 -1.8 -1.1 2.1

Nonagricultural industrial supplies & materials

  36.898 197.0 200.2 -4.0 -1.9 -2.0 2.2 1.6

Fuels & lubricants

11

16.413 239.8 246.6 -4.4 -5.0 -5.1 5.4 2.8

Nonagricultural supplies & materials excluding fuels & building materials

12

19.740 190.9 192.2 -3.7 0.7 0.6 -0.2 0.7

Selected building materials

13

0.746 147.6 147.2 -2.5 0.1 0.3 -1.9 -0.3

Capital goods

2

31.759 122.5 123.0 2.2 -0.1 0.1 0.8 0.4

Nonelectrical machinery

21

22.599 102.1 102.6 1.5 -0.1 0.0 0.4 0.5

Transportation equipment excluding motor vehicles (Dec. 2001=100)

22

5.679 219.6 220.4 7.8 0.2 0.2 3.3 0.4

Automotive vehicles, parts & engines

3

8.638 127.4 127.4 2.8 0.3 0.3 0.4 0.0

Vehicles-passenger (Dec. 2023=100)

30

8.638 100.4 100.4 - - - 0.4 0.0

Consumer goods, excluding automotives

4

12.804 117.4 117.4 -1.1 -0.2 0.3 -1.2 0.0

Nondurables, manufactured

40

6.796 107.5 107.3 -2.6 -0.3 0.2 -2.3 -0.2

Durables, manufactured

41

4.845 119.9 120.0 1.6 -0.1 0.4 0.2 0.1

Nonmanufactured consumer goods (Dec. 2018=100)

42

1.163 127.1 127.1 -3.5 0.0 -0.1 0.0 0.0

Footnotes
(1) Relative importance figures are based on 2022 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.
Dash = Not available


Table 3. U.S. import price indexes and percent changes for selected industries: February 2023 to February 2024 [December 2005=100, unless otherwise noted]
Description NAICS Relative
import-
ance
Jan.
2024(1)
Index Percent change
Jan.
2024
Feb.
2024
Annual Monthly
Feb.
2023
to
Feb.
2024
Oct.
2023
to
Nov.
2023
Nov.
2023
to
Dec.
2023
Dec.
2023
to
Jan.
2024
Jan.
2024
to
Feb.
2024

Nonmanufacturing

  7.857 145.1 151.2 2.4 -4.6 -6.7 0.9 4.2

Agriculture, forestry, fishing and hunting

11

2.256 238.9 249.8 10.5 3.1 0.4 3.7 4.6

Crop production

111

1.880 255.4 265.7 12.3 4.3 0.5 4.6 4.0

Animal production (Dec. 2022=100)

112

0.219 108.2 120.4 3.1 -2.1 0.4 -2.0 11.3

Mining

21

5.601 134.5 139.9 -0.6 -7.1 -9.3 -0.1 4.0

Oil and gas extraction

211

5.369 132.9 138.3 0.0 -7.3 -9.7 0.1 4.1

Mining (except oil and gas) (Dec. 2022=100)

212

0.232 104.3 107.2 -12.3 -2.5 -1.2 -5.1 2.8

Manufacturing

  91.814 121.8 121.7 -1.2 -0.2 -0.2 0.7 -0.1

Manufacturing, part 1

31

11.885 137.8 138.8 -0.2 -0.1 0.1 0.0 0.7

Food manufacturing

311

4.236 184.2 187.3 -1.0 -0.2 -0.1 0.1 1.7

Beverage and tobacco product manufacturing

312

1.176 141.4 141.6 2.3 0.1 0.4 -0.1 0.1

Textile mills (Dec. 2023=100)

313

0.321 100.1 100.7 - - - 0.1 0.6

Textile product mills (Dec. 2023=100)

314

0.901 100.1 100.2 - - - 0.1 0.1

Apparel manufacturing

315

3.547 119.1 119.2 -0.2 0.0 0.1 0.3 0.1

Manufacturing, part 2

32

19.135 142.1 141.4 -3.0 -0.9 -0.7 1.6 -0.5

Paper manufacturing

322

1.017 122.4 121.0 -4.2 0.9 -0.3 -0.1 -1.1

Printing and related support activities (Dec. 2023=100)

323

0.147 100.0 99.8 - - - 0.0 -0.2

Petroleum and coal products manufacturing

324

2.205 132.3 127.3 -12.3 -4.7 -5.2 4.1 -3.8

Chemical manufacturing

325

11.257 152.1 151.9 -0.9 -0.1 0.2 1.8 -0.1

Plastics and rubber products manufacturing

326

2.546 130.5 131.2 -1.6 -0.3 -0.5 -0.2 0.5

Nonmetallic mineral product manufacturing

327

1.114 145.7 145.8 1.6 -0.1 0.1 0.7 0.1

Manufacturing, part 3

33

60.795 112.5 112.5 -0.8 0.0 0.0 0.4 0.0

Primary metal manufacturing

331

4.641 219.4 215.8 -9.1 1.8 0.6 0.8 -1.6

Fabricated metal product manufacturing

332

3.200 144.8 144.7 -3.1 -0.5 0.4 -1.2 -0.1

Machinery manufacturing

333

8.039 131.9 132.3 1.1 0.0 0.0 0.2 0.3

Computer and electronic product manufacturing

334

16.645 72.2 72.2 -2.2 0.0 0.0 0.0 0.0

Electrical equipment, appliance, and component manufacturing

335

6.405 127.0 127.4 0.2 -0.6 -0.2 0.8 0.3

Transportation equipment manufacturing

336

14.061 119.1 119.3 2.3 -0.1 0.0 0.9 0.2

Furniture and related product manufacturing

337

1.882 128.3 128.0 -0.8 -0.3 -1.1 0.8 -0.2

Miscellaneous manufacturing

339

5.922 128.9 128.8 1.1 0.1 0.1 0.7 -0.1

Footnotes
(1) Relative importance figures are based on 2022 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.
Dash = Not available


Table 4. U.S. export price indexes and percent changes for selected industries: February 2023 to February 2024 [December 2005=100, unless otherwise noted]
Description NAICS Relative
import-
ance
Jan.
2024(1)
Index Percent change
Jan.
2024
Feb.
2024
Annual Monthly
Feb.
2023
to
Feb.
2024
Oct.
2023
to
Nov.
2023
Nov.
2023
to
Dec.
2023
Dec.
2023
to
Jan.
2024
Jan.
2024
to
Feb.
2024

Nonmanufacturing

  14.845 176.2 179.6 -5.7 -2.5 -1.6 3.8 1.9

Agriculture, forestry, fishing and hunting

11

4.574 186.7 188.3 -15.6 0.3 0.5 -2.3 0.9

Crop production

111

4.279 196.6 198.1 -16.6 0.4 0.6 -2.6 0.8

Mining

21

10.271 112.2 114.8 -0.4 -3.9 -2.8 6.9 2.3

Oil and gas extraction (Dec. 2021=100)

211

8.923 99.8 102.7 1.6 -5.0 -2.9 7.7 2.9

Mining (except oil and gas)

212

1.348 137.0 134.9 -12.0 2.9 -2.0 2.2 -1.5

Manufacturing

  83.501 133.1 133.9 -1.0 -0.4 -0.6 0.2 0.6

Manufacturing, part 1

31

6.488 171.5 172.0 -2.7 -0.2 -0.2 -0.1 0.3

Food manufacturing

311

4.679 202.4 202.9 -2.8 -0.5 -0.2 0.0 0.2

Beverage and tobacco product manufacturing

312

0.537 142.5 141.8 -5.1 1.3 0.4 -0.6 -0.5

Manufacturing, part 2

32

25.278 131.8 133.7 -4.9 -1.8 -2.3 -0.4 1.4

Wood product manufacturing (Dec. 2017=100)

321

0.427 118.3 117.7 -0.3 0.5 0.4 0.8 -0.5

Petroleum and coal products manufacturing

324

5.758 140.1 146.2 -10.4 -6.5 -9.2 2.3 4.4

Chemical manufacturing

325

14.438 129.6 130.6 -3.0 -0.1 -0.2 -1.5 0.8

Plastics and rubber products manufacturing

326

2.258 134.9 135.4 1.6 -0.1 0.1 0.5 0.4

Nonmetallic mineral product manufacturing

327

0.739 132.2 131.8 0.8 -0.2 0.1 -0.5 -0.3

Manufacturing, part 3

33

51.734 129.9 130.1 1.2 0.2 0.2 0.5 0.2

Primary metal manufacturing

331

4.361 197.9 196.0 -6.7 3.1 0.9 -0.5 -1.0

Machinery manufacturing

333

9.516 150.9 151.5 2.6 -0.1 0.0 0.4 0.4

Computer and electronic product manufacturing

334

12.606 83.0 83.3 -0.5 -0.2 0.0 0.1 0.4

Transportation equipment manufacturing

336

13.375 148.9 149.2 4.9 0.3 0.3 1.6 0.2

Furniture and related product manufacturing (Dec. 2023=100)

337

0.354 101.8 101.8 - - - 1.8 0.0

Miscellaneous manufacturing

339

5.046 140.4 140.8 3.1 0.1 0.6 0.9 0.3

Footnotes
(1) Relative importance figures are based on 2022 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.
Dash = Not available


Table 5. U.S. import price indexes and percent changes for selected categories of goods: February 2023 to February 2024 [2000=100, unless otherwise noted]
Description Harmo-
nized
system
Relative
importance
Jan.
2024(1)
Index Percent change
Jan.
2024
Feb.
2024
Annual Monthly
Feb.
2023
to
Feb.
2024
Oct.
2023
to
Nov.
2023
Nov.
2023
to
Dec.
2023
Dec.
2023
to
Jan.
2024
Jan.
2024
to
Feb.
2024

Live animals; animal products

I

1.408 225.2 237.4 -0.3 -2.7 -0.6 1.5 5.4

Meat and edible meat offal

02

0.462 322.1 336.3 13.0 -2.6 1.1 1.5 4.4

Fish and crustaceans, molluscs and other aquatic invertebrates

03

0.755 140.1 148.8 -8.9 -3.4 -2.6 3.2 6.2

Vegetable products

II

2.300 275.4 273.0 4.4 3.0 0.5 4.8 -0.9

Edible vegetables, roots, and tubers

07

0.604 577.5 505.9 6.3 3.6 -1.2 7.5 -12.4

Edible fruit and nuts; peel of citrus fruit or melons

08

0.927 149.5 146.2 11.3 5.0 0.8 11.6 -2.2

Coffee, tea, mate and spices

09

0.387 290.7 294.4 -3.3 2.7 3.6 -5.6 1.3

Animal or vegetable fats and oils (Dec. 2009=100)

III

0.441 145.0 145.7 -3.3 -0.3 0.8 -2.4 0.5

Animal or vegetable fats and oils and their cleavage products; prepared (Dec. 2023=100)

15

0.441 97.6 98.1 - - - -2.4 0.5

Prepared foodstuffs, beverages, and tobacco

IV

3.459 198.4 200.5 3.4 0.8 0.3 -0.2 1.1

Sugars and sugar confectionary (Dec. 2021=100)

17

0.239 123.7 123.3 10.3 0.3 0.7 1.7 -0.3

Cocoa and cocoa preparations (Dec. 2009=100)

18

0.275 141.5 159.2 40.5 2.8 3.6 4.4 12.5

Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100)

19

0.497 100.2 100.2 - - - 0.2 0.0

Miscellaneous edible preparations (Dec. 2022=100)

21

0.423 99.6 99.2 -0.8 0.9 0.6 -0.8 -0.4

Beverages, spirits, and vinegar

22

1.113 154.1 154.4 1.8 -0.2 0.3 -0.4 0.2

Mineral products

V

7.937 274.8 279.7 -4.3 -6.2 -7.9 1.2 1.8

Mineral fuels, oils and residuals, bituminous substances and mineral waxes

27

7.638 268.1 272.8 -4.0 -6.4 -8.2 1.4 1.8

Products of the chemical or allied industries

VI

10.882 173.8 173.9 -0.8 0.0 0.1 1.6 0.1

Organic chemicals

29

2.271 137.5 137.7 -7.1 -0.3 -0.7 -3.6 0.1

Pharmaceutical products

30

5.713 154.9 155.4 5.1 0.3 0.1 4.8 0.3

Fertilizers (Dec. 2022=100)

31

0.220 61.8 60.0 -27.6 -3.3 1.3 -0.6 -2.9

Tanning extracts; dye, pigments, varnish, paints & putty (Dec. 2022=100)

32

0.200 101.4 100.9 -2.2 -1.0 0.2 0.1 -0.5

Miscellaneous chemical products

38

0.938 116.8 116.8 -5.0 -0.9 -0.2 0.1 0.0

Plastics and articles thereof; rubber and articles thereof

VII

3.773 153.5 153.8 -1.9 -0.3 -0.4 0.1 0.2

Plastics and articles thereof

39

2.520 150.8 151.2 -3.5 -0.2 -0.8 0.3 0.3

Rubber and articles thereof

40

1.253 161.7 162.0 1.2 -0.2 0.3 -0.4 0.2

Printed matter (Dec. 2023=100)

49

0.170 100.0 100.0 - - - 0.0 0.0

Textile and textile articles

XI

4.565 120.6 120.7 -0.1 0.0 0.1 0.2 0.1

Articles of apparel and clothing accessories, knitted or crocheted (Dec. 2023=100)

61

1.958 100.4 100.4 - - - 0.4 0.0

Articles of apparel and clothing accessories, not knitted or crocheted

62

1.422 126.7 126.8 -0.5 0.0 0.0 0.1 0.1

Made-up or worn textile articles (Dec. 2023=100)

63

0.623 99.6 99.6 - - - -0.4 0.0

Headgear, umbrellas, artificial flowers, etc.

XII

1.459 126.6 126.6 0.3 0.1 -0.2 -0.2 0.0

Footwear and parts of such articles

64

1.194 123.6 123.7 0.7 0.2 -0.3 -0.1 0.1

Stone, plaster, cement, asbestos, ceramics, glass etc.

XIII

0.949 137.6 137.6 1.3 -0.2 0.0 0.6 0.0

Articles of stone, plaster, cement, asbestos, or mica (Dec. 2020=100)

68

0.330 101.1 101.1 -1.2 -0.2 -0.2 -0.2 0.0

Glass and glassware (Dec. 2021=100)

70

0.344 109.6 109.6 5.8 -0.1 0.2 1.7 0.0

Pearls, stones, precious metals, imitation jewelry, and coins

XIV

3.056 225.4 223.2 -6.5 2.8 0.7 0.2 -1.0

Pearls, precious stones, precious metals jewelry, coin (Dec. 2023=100)

71

3.056 100.2 99.2 - - - 0.2 -1.0

Base metals and articles of base metals

XV

5.862 227.2 225.6 -6.0 -0.4 0.4 0.0 -0.7

Articles of iron or steel

73

1.755 194.0 193.3 -6.4 -0.7 0.0 -0.2 -0.4

Copper and articles thereof

74

0.496 380.0 370.1 -6.4 1.7 2.6 1.3 -2.6

Aluminum and articles thereof

76

1.043 183.4 181.5 -8.6 -0.6 1.1 -2.1 -1.0

Tools, implements, cutlery, spoons and forks, of base metal; parts thereof

82

0.414 133.0 133.8 1.6 -0.1 0.2 0.5 0.6

Miscellaneous articles of base metal

83

0.513 142.9 142.8 -5.3 -0.5 -0.1 -0.4 -0.1

Machinery, electrical equipment, TV image and sound recorders, parts, etc.

XVI

30.721 82.4 82.5 -0.6 -0.1 -0.1 0.4 0.1

Machinery and mechanical appliances; parts thereof

84

15.381 89.6 89.9 -0.3 -0.2 -0.1 0.4 0.3

Electrical machinery and equip, sound and TV recorders & reproducers, parts

85

15.340 75.6 75.6 -0.9 0.0 -0.1 0.3 0.0

Vehicles, aircraft, vessels and associated transport equipment

XVII

11.855 123.5 123.5 1.6 0.0 -0.1 0.7 0.0

Motor vehicles and their parts

87

11.089 122.6 122.7 1.7 0.0 -0.1 0.7 0.1

Aircraft, spacecraft, and parts thereof (Dec. 2020=100)

88

0.624 107.3 106.9 -1.0 0.0 0.0 0.1 -0.4

Optical, photo, measuring, medical & musical instruments; & timepieces

XVIII

4.182 109.8 109.8 3.0 -0.1 0.5 0.9 0.0

Optical, photographic, measuring and medical instruments

90

3.934 105.2 105.1 2.7 0.0 0.5 0.8 -0.1

Miscellaneous manufactured articles

XX

4.600 120.3 120.2 0.0 -0.2 -0.3 0.7 -0.1

Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs

94

2.558 127.1 126.9 -0.8 -0.5 -0.3 0.6 -0.2

Toys, games and sports equipment; parts and accessories thereof

95

1.729 106.9 107.0 0.6 -0.1 0.0 0.5 0.1

Miscellaneous manufactured articles

96

0.313 151.4 151.4 3.4 0.0 0.0 2.6 0.0

Footnotes
(1) Relative importance figures are based on 2022 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.
Dash = Not available


Table 6. U.S. export price indexes and percent changes for selected categories of goods: February 2023 to February 2024 [2000=100, unless otherwise noted]
Description Harmo-
nized
system
Relative
import-
ance
Jan.
2024(1)
Index Percent change
Jan.
2024
Feb.
2024
Annual Monthly
Feb.
2023
to
Feb.
2024
Oct.
2023
to
Nov.
2023
Nov.
2023
to
Dec.
2023
Dec.
2023
to
Jan.
2024
Jan.
2024
to
Feb.
2024

Live animals; animal products

I

1.918 258.4 260.0 -3.7 -1.2 -0.3 0.0 0.6

Meat & edible meat offal (Dec. 2006=100)

02

1.238 223.6 224.7 8.1 -1.7 0.1 1.4 0.5

Vegetable products

II

4.184 243.8 244.6 -17.3 -0.1 0.9 -2.6 0.3

Edible fruit and nuts; peel of citrus fruit or melons

08

0.836 144.7 152.0 10.9 5.6 4.0 -1.4 5.0

Cereals

10

1.179 237.7 240.0 -28.8 -3.2 -2.0 -2.9 1.0

Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder

12

1.782 259.5 249.7 -21.8 1.5 -0.6 -2.3 -3.8

Prepared foodstuffs, beverages, and tobacco

IV

3.001 188.2 187.7 -0.6 0.6 0.6 0.2 -0.3

Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100)

19

0.297 100.0 100.3 - - - 0.0 0.3

Miscellaneous edible preparations (Dec. 2017=100)

21

0.653 123.0 123.1 5.5 -1.4 2.7 3.2 0.1

Residues and waste from the food industries; prepared animal feed

23

0.710 295.4 292.7 -10.5 3.3 0.6 -2.2 -0.9

Mineral products

V

16.077 287.2 295.9 -4.2 -4.9 -5.3 5.2 3.0

Ores, slag and ash (Dec. 2012=100)

26

0.401 119.1 117.7 -17.7 -1.6 -1.1 -1.8 -1.2

Mineral fuels, oils and residuals, bituminous substances and mineral waxes

27

15.482 275.6 284.4 -3.8 -5.1 -5.6 5.5 3.2

Products of the chemical or allied industries

VI

12.381 156.2 157.3 -4.1 -0.6 -0.3 -1.7 0.7

Pharmaceutical products

30

4.368 103.5 103.6 -3.4 -0.1 0.1 -3.9 0.1

Essential oils and resinoids; perfumery cosmetic or toilet preparations

33

0.824 149.3 145.0 -1.6 0.0 -0.3 0.9 -2.9

Miscellaneous chemical products

38

2.257 189.3 189.8 -0.1 -0.3 0.1 -1.5 0.3

Rubber and articles thereof

40

0.840 174.5 191.4 13.4 -0.2 0.4 0.6 9.7

Wood, wood charcoal, cork, straw, baskets and wickerwork (Dec. 2014=100)

IX

0.468 108.3 108.2 -4.0 0.4 0.6 1.0 -0.1

Wood and articles of wood; wood charcoal (Dec. 2023=100)

44

0.468 101.0 100.9 - - - 1.0 -0.1

Woodpulp and recovered paper (Dec. 2019=100)

47

0.531 159.1 159.9 -11.0 0.5 4.4 1.1 0.5

Cotton, including yarns and woven fabrics thereof

52

0.574 153.5 161.9 -5.3 -1.3 -2.9 -1.9 5.5

Stone, plaster, cement, asbestos, ceramics, glass etc.

XIII

0.752 154.0 153.7 5.3 -0.1 0.1 1.3 -0.2

Glass and glassware (Dec. 2019=100)

70

0.432 114.3 114.3 3.7 0.0 0.3 -0.5 0.0

Pearls, stones, precious metals, imitation jewelry, and coins

XIV

4.835 314.2 310.9 -4.2 4.0 1.2 0.6 -1.1

Pearls, precious stones, precious metals; jewelry, coin (Dec. 2023=100)

71

4.835 100.6 99.6 - - - 0.6 -1.0

Base metals and articles of base metals

XV

4.435 208.2 209.6 -1.5 -1.4 1.9 -0.3 0.7

Copper and articles thereof

74

0.536 258.0 260.1 -7.6 -0.5 2.6 0.7 0.8

Aluminum and articles thereof

76

0.707 145.5 146.2 -3.0 0.0 0.7 0.7 0.5

Miscellaneous articles of base metal (Dec. 2022=100)

83

0.329 103.1 105.2 6.6 0.0 -0.1 -1.5 2.0

Machinery, electrical equipment, TV image and sound recorders, parts, etc.

XVI

26.427 107.5 108.1 1.9 -0.1 0.0 0.9 0.6

Machinery and mechanical appliances; parts thereof

84

15.701 132.8 133.6 4.0 -0.1 -0.1 1.5 0.6

Electrical machinery and equipment and parts and accessories thereof

85

10.726 81.3 81.7 -1.1 -0.1 0.0 0.1 0.5

Vehicles, aircraft, vessels and associated transport equipment

XVII

9.751 154.2 154.3 2.9 0.3 0.3 0.4 0.1

Motor vehicles and their parts

87

7.283 128.9 128.9 3.0 0.4 0.4 0.4 0.0

Optical, photo, measuring, medical & musical instruments; & timepieces

XVIII

5.811 119.6 119.6 3.9 0.1 0.3 0.7 0.0

Optical, photographic, measuring and medical instruments (Dec. 2023=100)

90

5.759 100.7 100.7 - - - 0.7 0.0

Miscellaneous manufactured articles

XX

1.165 135.5 135.6 -0.7 -0.5 0.1 0.7 0.1

Furniture; stuffed furnishings; lamps and lighting fittings nesoi

94

0.578 149.7 149.7 0.1 0.0 0.0 1.3 0.0

Toys, games and sports equipment; parts and accessories thereof

95

0.451 118.7 118.8 0.8 -0.1 0.6 0.1 0.1

Footnotes
(1) Relative importance figures are based on 2022 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.
Dash = Not available


Table 7. U.S. import price indexes and percent changes by locality of origin: February 2023 to February 2024 [2000=100, unless otherwise noted]
Description Relative
import-
ance
Jan.
2024(1)
Index Percent change
Jan.
2024
Feb.
2024
Annual Monthly
Feb.
2023
to
Feb.
2024
Oct.
2023
to
Nov.
2023
Nov.
2023
to
Dec.
2023
Dec.
2023
to
Jan.
2024
Jan.
2024
to
Feb.
2024

Industrialized Countries(2)

100.000 143.9 144.6 -0.3 -1.1 -1.2 0.8 0.5

Nonmanufacturing

9.819 226.6 236.0 -1.4 -7.3 -11.1 0.5 4.1

Manufacturing

89.785 137.0 137.0 -0.1 -0.1 0.1 0.9 0.0

Canada

100.000 165.5 167.5 -3.9 -3.3 -4.0 0.2 1.2

Nonmanufacturing

29.706 221.1 230.2 -2.0 -7.5 -11.8 0.5 4.1

Manufacturing

69.396 154.4 154.2 -4.8 -1.0 -0.3 0.1 -0.1

European Union

100.000 157.6 157.7 1.6 -0.2 0.4 1.3 0.1

Manufacturing

99.320 153.2 153.4 1.7 -0.2 0.4 1.3 0.1

France (Dec. 2003=100)

100.000 157.4 157.6 7.9 -0.1 0.3 4.4 0.1

Germany (Dec. 2003=100)

100.000 123.8 124.2 -1.7 0.1 0.4 0.1 0.3

United Kingdom (Dec. 2003=100)

100.000 137.2 139.2 2.5 -0.3 0.0 0.4 1.5

Latin America(3)

100.000 171.8 173.5 2.6 -0.1 -0.2 1.1 1.0

Nonmanufacturing

13.805 338.4 354.1 11.1 -1.6 -2.6 2.1 4.6

Manufacturing

85.942 138.3 138.8 1.3 0.2 0.2 0.9 0.4

Mexico (Dec. 2003=100)

100.000 145.9 146.7 3.5 -0.1 -0.4 1.2 0.5

Nonmanufacturing (Dec. 2008=100)

8.691 177.9 186.9 22.6 -2.9 -4.5 6.5 5.1

Manufacturing (Dec. 2008=100)

91.061 99.4 99.5 1.7 0.1 0.0 0.8 0.1

Pacific Rim (Dec. 2003=100)(4)

100.000 102.2 102.1 -1.8 -0.2 -0.3 0.1 -0.1

China (Dec. 2003=100)

100.000 100.6 100.4 -3.1 -0.3 -0.1 -0.4 -0.2

Japan

100.000 102.6 102.5 1.5 0.1 -0.1 1.1 -0.1

Taiwan (Dec. 2018=100)

100.000 108.5 108.5 -2.3 -0.3 0.0 -0.5 0.0

Asian NICs(5)

100.000 94.4 94.1 -3.1 -0.5 -0.4 -0.3 -0.3

ASEAN (Dec. 2003=100)(6)

100.000 100.1 100.0 -3.5 -0.5 -0.6 0.0 -0.1

Asia Near East (Dec. 2003=100)(7)

100.000 207.8 213.0 -3.3 -3.7 -3.7 0.0 2.5

Footnotes
(1) Relative importance figures are based on 2022 trade values.
(2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
(3) Mexico, Central America, South America, and the Caribbean.
(4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries.
(5) Asian Newly Industrialized Countries - Hong Kong, Singapore, South Korea, and Taiwan.
(6) Association of Southeast Asian Nations - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
(7) 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 3 months after original publication.
Regions are not mutually exclusive.
Dash = Not available


Table 8. U.S. export price indexes and percent changes by locality of destination: February 2023 to February 2024 [December 2017=100, unless otherwise noted]
Description Relative
import-
ance
Jan.
2024(1)
Index Percent change
Jan.
2024
Feb.
2024
Annual Monthly
Feb.
2023
to
Feb.
2024
Oct.
2023
to
Nov.
2023
Nov.
2023
to
Dec.
2023
Dec.
2023
to
Jan.
2024
Jan.
2024
to
Feb.
2024

Industrialized Countries(2)

100.000 120.9 121.3 0.5 -0.7 0.1 1.2 0.3

Nonmanufacturing

15.139 144.0 145.4 -0.2 -5.1 -1.4 5.7 1.0

Manufacturing

83.318 118.3 118.5 0.5 -0.1 0.2 0.5 0.2

Canada

100.000 127.4 127.8 -0.8 -0.5 0.2 -0.5 0.3

Nonmanufacturing (Dec. 2020=100)

7.401 135.9 137.9 0.9 -0.8 -0.1 -1.5 1.5

Manufacturing (Dec. 2020=100)

90.855 119.0 119.2 -1.1 -0.7 0.2 -0.4 0.2

European Union

100.000 118.7 120.5 2.8 -1.3 -0.3 1.7 1.5

Nonmanufacturing

22.486 138.3 143.1 2.6 -6.7 -2.3 2.5 3.5

Manufacturing

75.984 115.1 116.2 2.7 -0.3 -0.1 1.6 1.0

Germany

100.000 122.5 122.9 6.4 0.6 0.3 4.0 0.3

Latin America(3)

100.000 122.2 123.5 -2.6 -1.5 -2.0 1.3 1.1

Nonmanufacturing

7.722 145.1 144.7 -5.9 -1.5 -0.5 2.9 -0.3

Manufacturing

91.671 120.6 122.1 -2.2 -1.6 -2.2 1.2 1.2

Mexico

100.000 121.8 122.8 -2.1 -1.8 -1.5 0.8 0.8

Nonmanufacturing

6.421 121.4 116.5 -11.5 -2.2 -2.0 1.1 -4.0

Manufacturing

92.692 122.8 124.2 -1.4 -1.8 -1.5 0.8 1.1

Pacific Rim(4)

100.000 113.5 114.5 -2.1 -0.6 -0.2 1.1 0.9

Nonmanufacturing

20.559 118.9 121.2 -9.2 -4.9 -1.0 3.6 1.9

Manufacturing

78.218 113.8 114.6 0.1 0.5 0.0 0.4 0.7

China

100.000 106.6 107.8 -4.4 -0.5 0.0 -1.4 1.1

Nonmanufacturing

24.545 104.0 103.8 -13.9 -2.6 0.0 -2.7 -0.2

Manufacturing

73.965 109.9 111.5 -0.6 0.4 -0.1 -0.9 1.5

Japan

100.000 110.0 110.5 -6.9 -1.7 0.2 0.9 0.5

Nonmanufacturing

22.339 126.8 129.5 -10.6 -5.4 2.5 7.3 2.1

Manufacturing

76.503 106.0 105.9 -4.6 -0.5 -0.7 -0.7 -0.1

Footnotes
(1) Relative importance figures are based on 2022 trade values.
(2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
(3) Mexico, Central America, South America, and the Caribbean.
(4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries.

NOTES: Data may be revised in each of the 3 months after original publication.
Regions are not mutually exclusive.
Dash = Not available


Table 9. U.S. terms of trade indexes and percent changes by locality: February 2023 to February 2024(1) [December 2017=100, unless otherwise noted]
Description Index Percent change
Jan.
2024
Feb.
2024
Annual Monthly
Feb.
2023
to
Feb.
2024
Oct.
2023
to
Nov.
2023
Nov.
2023
to
Dec.
2023
Dec.
2023
to
Jan.
2024
Jan.
2024
to
Feb.
2024

Industrialized Countries(2)

102.8 102.7 0.9 0.4 1.3 0.3 -0.1

Canada

101.2 100.3 3.3 2.8 4.4 -0.8 -0.9

European Union

101.4 102.8 1.2 -1.1 -0.7 0.4 1.4

Germany

113.9 113.9 8.2 0.5 -0.1 3.9 0.0

Latin America(3)

105.9 106.0 -5.1 -1.5 -1.9 0.3 0.1

Mexico

107.7 108.0 -5.3 -1.7 -1.1 -0.4 0.3

Pacific Rim(4)

109.3 110.4 -0.3 -0.5 0.1 1.0 1.0

China

106.1 107.5 -1.4 -0.2 0.1 -0.9 1.3

Japan

102.4 103.0 -8.2 -1.8 0.3 -0.2 0.6

Footnotes
(1) Terms of trade indexes are derived by dividing the export price index by the corresponding import price index and multiplying by 100.
(2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
(3) Mexico, Central America, South America, and the Caribbean.
(4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries.

NOTES: Data may be revised in each of the 3 months after original publication.
Regions are not mutually exclusive.
Dash = Not available


Table 10. U.S. international price indexes and percent changes for selected transportation services: February 2023 to February 2024 [2000=100, unless otherwise noted]
Description Relative
import-
ance
Jan.
2024(1)
Index Percent change
Jan.
2024
Feb.
2024
Annual Monthly
Feb.
2023
to
Feb.
2024
Oct.
2023
to
Nov.
2023
Nov.
2023
to
Dec.
2023
Dec.
2023
to
Jan.
2024
Jan.
2024
to
Feb.
2024

Air Freight

Import Air Freight

100.000 228.4 225.5 -5.9 4.2 12.0 -14.8 -1.3

Europe (Dec. 2003=100)

23.229 161.0 167.8 -38.1 -3.3 2.1 -11.9 4.2

Asia

75.912 235.9 228.5 10.2 6.5 15.7 -17.1 -3.1

Export Air Freight

100.000 180.5 183.9 -9.5 3.4 -0.3 2.5 1.9

Europe (Dec. 2006=100)

26.376 130.1 131.6 -13.1 -2.3 -1.3 -0.2 1.2

Asia (Dec. 2011=100)

51.574 150.2 154.7 -4.8 8.1 1.1 2.8 3.0

Inbound Air Freight

100.000 173.9 174.8 -3.1 6.3 5.5 -7.6 0.5

Europe (Dec. 2003=100)

25.078 134.2 140.7 -23.5 -0.6 2.6 -9.0 4.8

Asia

61.556 170.8 168.4 7.4 11.1 8.0 -9.4 -1.4

Outbound Air Freight

100.000 178.3 181.4 -14.5 -1.9 -1.1 1.8 1.7

Europe (Dec. 2003=100)

33.169 163.5 164.9 -16.2 -2.2 -0.9 0.1 0.9

Asia

46.567 203.3 209.9 -12.9 -2.0 -0.8 2.9 3.2

Air Passenger Fares

Import Air Passenger Fares

100.000 178.0 178.0 0.5 -0.4 6.9 -6.2 0.0

Europe

47.189 195.1 197.7 3.6 -7.6 1.6 1.2 1.3

Asia

11.705 162.0 157.9 -7.3 0.2 11.4 -18.2 -2.5

Latin America/Caribbean

9.071 136.4 145.6 -13.2 5.3 9.2 -20.9 6.7

Export Air Passenger Fares

100.000 193.8 174.3 -2.7 1.3 -3.4 10.8 -10.1

Europe

33.950 213.6 204.1 -2.9 -8.0 -5.1 7.0 -4.4

Asia

13.232 220.6 179.2 -8.9 2.6 -3.8 15.4 -18.8

Latin America/Caribbean

34.277 205.7 173.4 -4.1 4.9 -4.5 17.3 -15.7

Footnotes
(1) Relative importance figures are based on 2022 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.
Dash = Not available


                                                TECHNICAL NOTE                                                

Import and Export Goods and Services Price Indexes - All indexes use a modified Laspeyres 
formula and are not seasonally adjusted. Price indexes are reweighted annually, with a 2-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 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 by end use according to the Bureau of Economic Analysis 
Classification System, by industry according to the North American Industry Classification System 
(NAICS), and by product category according to the Harmonized System (HS). While classification by 
end use and product category are self-explanatory, some notes are in order for classifying items by 
industry. In the NAICS imports and exports tables, items are classified by output industry, not input 
industry. As an example, NAICS import index 326 (plastics and rubber products manufacturing) 
includes outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS 
classification structure also matches the classification system used by the Producer Price Index (PPI) to 
produce the NAICS primary products indexes.

Import Price Goods Indexes - Items are 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 Goods Indexes - Items are 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 - Indexes for import and export air passenger fares calculate changes in the 
average revenue received per passenger by foreign carriers from U.S. residents and by U.S. carriers from 
foreign residents, respectively. Data are obtained from an airline consulting service and report on tickets 
sold by travel agencies, travel websites, and directly by the airlines. Taxes and fees are included in both 
the import and export air passenger fares indexes. Import air passenger fares data have used the airline 
consulting service source since September 2008. Before April 2018, the export air passenger fares data 
were collected directly by BLS from U.S. airlines. The air freight indexes are calculated from data 
collected directly from airlines. These data exclude mail and passenger baggage. The scope of the 
service being priced is the movement of freight from airport to airport only, and does not include any 
ground transportation or port service. The air freight indexes are presented using two definitions: 
balance of payments (which represents transactions between U.S. and foreign residents) and 
international (which represents transactions inbound to and outbound from the United States.) Fact 
sheets specifying detailed information for each services industry are available at www.bls.gov/mxp 
under "MXP Publications."

Import Price Indexes by Locality of Origin - Prices used in these indexes are a subset of the data 
collected for the import price indexes. The indexes are specific to a country, region, or grouping and, 
beginning with January 2002, are based on the North American Industry Classification System (NAICS) 
covering goods-producing industries. Nonmanufactured goods are defined as NAICS 11 and 21, and 
manufactured goods are defined as NAICS 31-33. 

Export Price Indexes by Locality of Destination - Prices used in these indexes are a subset of the data 
collected for the export price indexes. The indexes are specific to a country, region, or grouping and are 
based on the North American Industry Classification System (NAICS) covering goods-producing 
industries. Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are 
defined as NAICS 31-33. 

Terms of Trade Indexes - Terms of trade indexes measure the relative price of exports in terms of 
import prices for a specific country, region, or grouping. The indexes are calculated as one country, 
region, or grouping's all-export goods price index divided by the corresponding all-import goods price 
index on a scale of 100. 
   
Relative Importance - A relative importance is a specific index's price-updated value share (expressed 
as a percentage) of overall imports or exports at a specific point in time. Relative importance values are 
affected by the trade weights at the point indexes are reweighted and index changes relative to other 
indexes since the reweight point. If an index is rising in value relative to other indexes over time, the 
relative importance will increase as well. 
 
Revision Policy - To reflect the availability of late reports and corrections by respondents, monthly data 
may be revised in each of the 3 months after original publication. After 3 months, no further data 
revisions take place. For example, data first published in the January release will be subject to revision 
in the releases for February, March, and April.

Rounding Policy - Index values are rounded to the tenth decimal place after being calculated. All 
percent changes are then derived from the rounded index values and subsequently rounded to the tenth 
decimal place.

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 (NIPA) 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 NIPA, while international indexes are more 
appropriate for market analysis. 

Email Subscription - The U.S. import and export price indexes news release is available through an 
email subscription service at www.bls.gov/bls/list.htm. 
 
Additional Information - More detailed data are available on the Import/Export Price Indexes home 
page at www.bls.gov/mxp. For import and export price indexes data requests, send an email to 
mxpinfo@bls.gov.   

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Last Modified Date: March 15, 2024