New Locality of Destination and Terms of Trade Data
Beginning with the August news release on September 14, the BLS introduced two new data series. Locality of Destination price indexes measure export prices based on the country, region, or grouping where items are exported. Terms of Trade indexes are based on the country, region, or grouping and measure the relative price for exports in terms of import prices and are defined as the all-export price index divided by the corresponding all-import price index. For more information on Terms of Trade indexes, please see U.S. Import and Export Prices and the Terms of Trade.
The Locality of Destination price indexes are published at the all-export level and also include a breakdown by manufacturing industries and nonmanufacturing industries where possible. The countries, regions, or groupings for which indexes are published include the Industrialized Countries, the European Union, Latin America, the Pacific Rim, Canada, China, Germany, Japan, and Mexico. Indexes by manufacturing industries and nonmanufacturing industries are available for all countries and regions except Canada and Germany.
Terms of Trade indexes are available for all countries, regions, and groupings where both the import Locality of Origin price index and the export Locality of Destination price index are published. These include the Industrialized Countries, the European Union, Latin America, the Pacific Rim, Canada, China, Germany, Japan, and Mexico.
The first publication month for the data series for both Locality of Destination price indexes and the Terms of Trade indexes is December 2017.
In addition to the new indexes, the numbering of the tables in the Import and Export Price Index news release changed. Tables 1 through 7 remain the same, and the new Locality of Destination data are in table 8 and the new Terms of Trade data are in table 9. The previous table for Selected Transportation Services changed from table 8 to table 10.
Last Modified Date: September 14, 2018