Impact of the coronavirus (COVID-19) pandemic on the Import and Export Price Index data for July 2020

This page provides further information on the effects of the COVID-19 pandemic for the July 2020 U.S. Import and Export Price Indexes.

Collection

The Import/Export Price program collects nearly all of its data by web collection. There were no changes to collection made in response to the pandemic.

Response Rates

The impact of the current pandemic on Import and Export Price Index data was relatively minor for July 2020 data published on August 13, 2020. The response rates for the current month’s import prices and export prices are shown in tables 1 and 2 below. In each case, the response rates for the current month’s indexes are compared to the response rates from the previous month, the same month a year ago, and the average response rates for the 12-month period ended February 2020. In all cases, the response rate is the percent of prices requested from respondents that were collected for the initial publication of a given month. Note that the Import and Export Price Indexes are revised in each of the 3 months after initial publication and that response rates improve as more data are subsequently collected.

Response rates for July 2020 import prices were 69.4 percent, 5.2 percentage points lower than the same period in 2019. Response rates varied by major end use category, ranging from 68.6 percent for industrial supplies and materials to 73.7 percent for automotive vehicles. Among the major import groupings, response rates for consumer goods showed the greatest difference from July 2019 to July 2020. Response rates for July 2020 import prices were 1.6 percentage points lower than response rates at the same point in June 2020. 

Response rates for July 2020 export prices were 70.5 percent, 4.3 percentage points lower than the same period in 2019. Response rates varied by major end-use category, ranging from 64.6 percent for industrial supplies and materials to 78.1 percent for consumer goods. Among the major export groupings, response rates for industrial supplies and materials showed the greatest difference from July 2019 to July 2020. Response rates for July 2020 export prices were 1.5 percentage points lower than response rates at the same point in June 2020. 

The response rates here differ from those in the BLS response rate report maintained by the Office of Survey Methods Research (OSMR). The OSMR response rates include services data which are not used to derive the top level import and export price indexes. 

Index Suppression

Publication quality is evaluated monthly and annually. Each month, the number of respondents contacted and prices requested varies. These changes occur as the market basket is updated monthly to add new representative items and exclude items no longer traded and as respondents establish different schedules to report price changes. Information on the data collection process provides metrics to evaluate the number and representative share of prices that support index quality. Published indexes ensure confidentiality of respondents, sample representativeness, and robustness of coverage for items and companies. 

The top-level price indexes continue to be representative of total trade. Detailed indexes face greater likelihood of suppression. If the number of prices collected is insufficient to support index publication, the index’s publication is suppressed for the month(s) that insufficient price data are collected. 

A list of indexes published prior to the COVID-19 pandemic that were inadequate for publication in July 2020 is shown in table 3 below. There were 7 indexes where the index value and percent changes needed to be suppressed. 

Changes to Methods

There were no changes to estimation methodology for the July release of U.S. Import and Export Price Indexes.

Last Modified Date: August 13, 2020