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Transmission of material in this release is embargoed until USDL-25-0023 8:30 a.m. (ET) Thursday, January 16, 2025 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 - DECEMBER 2024 U.S. import prices advanced 0.1 percent in December following a 0.1-percent increase in each of the previous 2 months, the U.S. Bureau of Labor Statistics reported today. Higher fuel and nonfuel prices in December contributed to the overall rise in import prices. Prices for U.S. exports increased 0.3 percent in December, after being unchanged the previous month. Imports Prices for U.S. imports ticked up 0.1 percent for the third consecutive month in December. U.S. import prices have not risen by more than 0.1 percent since a 0.9-percent advance in April 2024. The price index for U.S. imports advanced 2.2 percent over the past 12 months, the largest over-the-year increase since the index rose 3.2 percent for the year ended December 2022. (See table 1.) Fuel Imports: The price index for import fuel rose 1.4 percent in December, the largest monthly advance since the index increased 3.9 percent in April 2024. Higher prices for natural gas and petroleum contributed to the advance in fuel prices. Import fuel prices rose 0.3 percent over the past 12 months, the first over-the- year increase since July 2024. Natural gas prices advanced 40.6 percent in December and 173.1 percent over the final quarter of 2024. Despite the increase over the past 3 months, prices for natural gas fell 5.2 percent for the year ended in December. Prices for import petroleum rose 0.3 percent in December, after advancing 0.4 percent in November. Petroleum prices advanced 0.7 percent from December 2023 to December 2024, the first 12-month increase since July 2024. All Imports Excluding Fuel: Nonfuel import prices ticked up 0.1 percent for the second consecutive month in December. Prices for nonfuel imports have not decreased on a monthly basis since a 0.2-percent drop in May 2024. Higher prices for foods, feeds, and beverages in December more than offset lower prices for nonfuel industrial supplies and materials, capital goods, and automotive vehicles. Prices for nonfuel imports rose 2.4 percent on a 12-month basis for the third consecutive month in December. Foods, Feeds, and Beverages: Prices for foods, feeds, and beverages increased 2.8 percent in December, after rising 1.4 percent the previous month. The December advance was the largest 1-month increase since a 3.3-percent rise in January 2022. Higher prices for vegetables, fruit, and coffee led the December advance in foods, feeds, and beverages prices. Nonfuel Industrial Supplies and Materials: The price index for nonfuel industrial supplies and materials decreased 0.4 percent in December, the largest monthly decline since a 0.5-percent drop in February 2024. Lower prices for unfinished metals and finished metals in December drove the decline in nonfuel industrial supplies and materials prices. Finished Goods: Prices for the major finished goods import categories were mostly down in December. Prices for capital goods fell 0.2 percent, the largest monthly decline since March 2024. The December decrease was led by lower prices for industrial and service machinery and computers, peripherals, and semiconductors. Automotive vehicles prices declined 0.2 percent in December, the largest 1-month drop since March 2023. The December decrease was driven by lower prices for parts, engines, bodies, and chassis. The price index for import consumer goods was unchanged for the second consecutive month in December. 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 |
||||||
December |
-0.7 | -8.0 | 0.1 | -0.7 | -0.3 | -0.7 |
2024 |
||||||
January |
0.7 | 1.7 | 0.6 | 0.7 | -1.4 | 0.9 |
February |
0.2 | 1.1 | 0.1 | 0.7 | 0.8 | 0.7 |
March |
0.6 | 5.0 | 0.2 | 0.1 | -1.0 | 0.3 |
April |
0.9 | 3.9 | 0.6 | 0.7 | -0.4 | 0.8 |
May |
-0.1 | 0.2 | -0.2 | -0.7 | 0.3 | -0.8 |
June |
0.1 | -1.7 | 0.2 | -0.3 | 1.1 | -0.4 |
July |
0.1 | 0.0 | 0.2 | 0.5 | -2.0 | 0.8 |
August |
-0.3 | -3.3 | 0.0 | -0.7 | -1.9 | -0.6 |
September |
-0.4 | -7.2 | 0.2 | -0.6 | 0.8 | -0.7 |
October |
0.1 | (r)-1.1 | 0.2 | 1.0 | 1.9 | (r)0.9 |
November |
0.1 | (r)0.9 | (r)0.1 | 0.0 | (r)0.1 | (r)0.0 |
December |
0.1 | 1.4 | 0.1 | 0.3 | 0.5 | 0.3 |
Dec. 2022 to 2023 |
-2.4 | -16.3 | -0.8 | -2.9 | -8.7 | -2.1 |
Dec. 2023 to 2024 |
2.2 | 0.3 | 2.4 | 1.8 | -1.2 | 2.2 |
Footnotes |
Exports The price index for U.S. exports advanced 0.3 percent in December, after being unchanged in November and increasing 1.0 percent in October. Higher prices for nonagricultural and agricultural exports each contributed to the December increase in U.S. export prices. Prices for U.S. exports rose 1.8 percent from December 2023 to December 2024, the largest 12-month advance for the index since a 2.0-percent increase in January 2023. (See table 2.) Agricultural Exports: Agricultural export prices rose 0.5 percent in December following a 0.1-percent advance the previous month. Higher prices for fruit, nuts, and corn in December more than offset lower meat prices. Despite the recent increases, prices for agricultural exports declined 1.2 percent over the past 12 months. All Exports Excluding Agriculture: Prices for nonagricultural exports advanced 0.3 percent in December, after being unchanged the previous month. Higher prices for nonagricultural industrial supplies and materials and automotive vehicles more than offset lower capital goods prices. Nonagricultural export prices increased 2.2 percent for the year ended in December, the largest 12-month rise since a 3.9-percent advance in December 2022. Nonagricultural Industrial Supplies and Materials: Nonagricultural industrial supplies and materials prices advanced 0.8 percent in December following a 0.1-percent decline in November. The December increase was driven by higher fuel prices. Prices for export fuel rose 3.2 percent in December, the largest 1-month advance since July 2024. Finished Goods: Prices for the major finished goods export categories were mixed in December. The price index for capital goods edged down 0.1 percent following a 0.1-percent advance in November. Lower prices for industrial and service machinery and telecommunications equipment in December led the decline in capital goods prices. In contrast, prices for automotive vehicles increased 0.2 percent in December, after advancing 0.1 percent the previous month. The December rise was driven by higher prices for passenger cars. Export consumer goods prices were unchanged for the second consecutive month in December. 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 were unchanged in December, after edging down 0.1 percent the previous month. The price index for imports from China decreased 0.6 percent for the year ended in December. Import prices from Japan declined 0.2 percent for the second consecutive month in December. Prices for imports from Japan fell 0.3 percent over the past year, the largest 12-month decrease since August 2020. The price index for imports from the European Union declined 0.2 percent in December, after being unchanged in November. Despite the December drop, import prices from the European Union rose 1.9 percent over the past 12 months. Prices for imports from Canada and Mexico each advanced 0.7 percent in December. (See table 7.) Exports by Locality of Destination: Prices for exports to China were unchanged in December following a 0.1-percent decline in November. Export prices to China fell 0.5 percent on a 12-month basis for the second consecutive month in December. The price index for exports to Japan declined 0.8 percent in December, after decreasing 0.4 percent the previous month. In spite of the recent declines, export prices to Japan rose 3.1 percent for the year ended in December. The price index for exports to the European Union decreased 0.3 percent for the second consecutive month in December. Despite the recent declines, prices for exports to the European Union increased 2.4 percent from December 2023 to December 2024. Export prices to Canada and Mexico each rose 0.3 percent in December, after falling 0.5 percent and 1.3 percent, respectively, the previous month. (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 were unchanged for the second consecutive month in December. The index for U.S. terms of trade with China increased 0.2 percent over the past 12 months. U.S. terms of trade with Japan fell 0.6 percent in December, after declining 0.2 percent the previous month. Lower export prices to Japan in December more than offset lower import prices from Japan. Despite the recent drops, U.S. terms of trade with Japan rose 3.4 percent over the past year. The index for U.S. terms of trade with the European Union edged down 0.1 percent in December following a 0.4-percent decline in November. U.S. terms of trade with Canada and Mexico each decreased 0.4 percent in December. (See table 9.) Import and Export Services Imports: Import air passenger fares rose 10.6 percent in December, after falling 4.8 percent the previous month. Higher European, Asian, and Latin American/Caribbean fares in December all contributed to the overall advance in import air passenger fares. The index for import air passenger fares increased over the past 12 months, rising 1.0 percent from December 2023 to December 2024. In contrast, import air freight prices decreased 0.8 percent in December following a 1.4-percent advance in November. Lower Asian air freight prices in December more than offset higher European air freight prices. Despite the December drop, prices for import air freight increased 2.0 percent over the past year. (See table 10.) Exports: Export air passenger fares rose 0.2 percent in December, after declining 0.8 percent in November. Higher Latin American/Caribbean fares in December more than offset lower Asian and European fares. Export air passenger fares increased 1.8 percent over the past 12 months, the largest over-the-year advance since the index rose 4.2 percent for the year ended June 2023. The price index for export air freight fell 5.6 percent in December, the largest monthly decline since March 2023. Export air freight prices decreased 2.1 percent for the year ended in December. U.S. Import and Export Price Index data for January 2025 are scheduled for release on Friday, February 14, 2025, at 8:30 a.m. (ET). _________________________________________________________________________________________________________________ Upcoming Change to Data Source for Import and Export Price Indexes With the release of the February 2025 U.S. Import and Export Price Indexes news release on March 18, 2025, BLS import and export price indexes will greatly expand the use of data from a non-survey source. Administrative trade records from the U.S. Census Bureau will be used in place of survey data for certain goods categories. This transition to an alternative data source will not create a break in series with currently published price indexes. Hundreds more detailed import and export price indexes will begin publication, starting with a base period of January 2025 = 100. More information is available at www.bls.gov/mxp/notices/2024/change-data-source-import-export-price-indexes.htm. _________________________________________________________________________________________________________________
Description | End Use |
Relative import- ance Nov. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Nov. 2024 |
Dec. 2024 |
Annual | Monthly | ||||||
Dec. 2023 to Dec. 2024 |
Aug. 2024 to Sep. 2024 |
Sep. 2024 to Oct. 2024 |
Oct. 2024 to Nov. 2024 |
Nov. 2024 to Dec. 2024 |
|||||
All commodities |
100.000 | 141.3 | 141.5 | 2.2 | -0.4 | 0.1 | 0.1 | 0.1 | |
All imports excluding food and fuels (Dec. 2010=100) |
84.907 | 109.6 | 109.4 | 1.9 | 0.3 | 0.3 | 0.0 | -0.2 | |
All imports excluding petroleum |
92.806 | 125.8 | 126.0 | 2.4 | 0.2 | 0.2 | 0.2 | 0.2 | |
All imports excluding fuels (Dec. 2001=100) |
92.377 | 129.8 | 129.9 | 2.4 | 0.2 | 0.2 | 0.1 | 0.1 | |
Foods, feeds, & beverages |
0 |
7.469 | 228.0 | 234.4 | 9.2 | 0.3 | -0.8 | 1.4 | 2.8 |
Agricultural foods, feeds & beverages, excluding distilled beverages |
00 |
6.118 | 257.8 | 265.7 | 9.7 | 0.2 | -1.0 | 1.7 | 3.1 |
Nonagricultural foods (fish, distilled beverages) |
01 |
1.351 | 155.9 | 158.2 | 7.0 | 1.0 | 0.5 | -0.2 | 1.5 |
Industrial supplies & materials |
1 |
22.891 | 242.1 | 242.5 | 3.2 | -2.0 | 0.4 | 0.2 | 0.2 |
Industrial supplies & materials excluding petroleum |
15.715 | 206.8 | 207.2 | 4.3 | 0.8 | 1.4 | 0.1 | 0.2 | |
Industrial supplies & materials excluding fuels (Dec. 2001=100) |
15.256 | 232.8 | 231.9 | 4.8 | 0.9 | 1.2 | -0.2 | -0.4 | |
Industrial supplies & materials, durable |
9.894 | 230.2 | 228.2 | 6.4 | 1.3 | 1.7 | 0.0 | -0.9 | |
Industrial supplies & materials nondurable excluding petroleum |
5.803 | 179.1 | 182.6 | 1.1 | -0.1 | 0.8 | 0.3 | 2.0 | |
Fuels & lubricants |
10 |
7.623 | 261.8 | 265.4 | 0.3 | -7.2 | -1.1 | 0.9 | 1.4 |
Petroleum & petroleum products |
100 |
7.194 | 282.8 | 283.7 | 0.7 | -7.4 | -1.6 | 0.4 | 0.3 |
Crude petroleum |
10000 |
4.824 | 285.1 | 286.7 | -0.3 | -7.0 | 0.0 | -2.2 | 0.6 |
Fuels, n.e.s.-coals & gas |
101 |
0.277 | 132.9 | 170.5 | -7.3 | -4.7 | 16.2 | 17.9 | 28.3 |
Natural gas |
10110 |
0.192 | 111.1 | 156.2 | -5.2 | -12.7 | 39.3 | 39.4 | 40.6 |
Paper & paper base stocks |
11 |
0.532 | 139.4 | 139.3 | -0.7 | -1.4 | 0.4 | -2.2 | -0.1 |
Materials associated with nondurable supplies & materials |
12 |
4.842 | 197.8 | 198.8 | 2.1 | 0.3 | 0.2 | -0.3 | 0.5 |
Unfinished metals related to durable goods |
14 |
3.652 | 340.3 | 334.9 | 7.2 | 1.5 | 3.3 | -0.9 | -1.6 |
Finished metals related to durable goods |
15 |
2.873 | 242.6 | 239.2 | 9.7 | 1.9 | 1.6 | 0.4 | -1.4 |
Capital goods |
2 |
28.567 | 93.9 | 93.7 | 0.6 | 0.2 | 0.1 | -0.1 | -0.2 |
Nonelectrical machinery |
21 |
22.622 | 84.6 | 84.4 | 0.5 | 0.1 | 0.1 | -0.1 | -0.2 |
Transportation equipment excluding motor vehicles (Dec. 2001=100) |
22 |
1.642 | 157.9 | 157.6 | 3.0 | 0.1 | 0.3 | 0.0 | -0.2 |
Automotive vehicles, parts & engines |
3 |
13.709 | 122.1 | 121.9 | 2.4 | 0.2 | 0.2 | -0.1 | -0.2 |
Automotive vehicles, parts and engines, 2 digit (Dec. 2023=100) |
30 |
13.709 | 102.5 | 102.3 | 2.3 | 0.1 | 0.3 | -0.1 | -0.2 |
Consumer goods, excluding automotives |
4 |
27.363 | 110.8 | 110.8 | 1.3 | 0.2 | 0.1 | 0.0 | 0.0 |
Nondurables, manufactured |
40 |
13.717 | 128.0 | 128.0 | 2.2 | 0.0 | -0.2 | 0.2 | 0.0 |
Durables, manufactured |
41 |
12.722 | 95.2 | 94.9 | 0.5 | 0.2 | 0.3 | 0.1 | -0.3 |
Nonmanufactured consumer goods |
42 |
0.924 | 117.9 | 120.6 | -2.7 | 1.9 | 0.5 | -0.9 | 2.3 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | End Use |
Relative import- ance Nov. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Nov. 2024 |
Dec. 2024 |
Annual | Monthly | ||||||
Dec. 2023 to Dec. 2024 |
Aug. 2024 to Sep. 2024 |
Sep. 2024 to Oct. 2024 |
Oct. 2024 to Nov. 2024 |
Nov. 2024 to Dec. 2024 |
|||||
All commodities |
100.000 | 148.8 | 149.2 | 1.8 | -0.6 | 1.0 | 0.0 | 0.3 | |
Agricultural commodities |
9.414 | 226.8 | 227.9 | -1.2 | 0.8 | 1.9 | 0.1 | 0.5 | |
All exports excluding food and fuels (Dec. 2010=100) |
76.469 | 117.5 | 117.2 | 2.6 | 0.3 | 0.6 | 0.1 | -0.3 | |
All exports excluding fuels (June 2022=100) |
85.154 | 101.5 | 101.3 | 2.3 | 0.3 | 0.7 | 0.1 | -0.2 | |
Nonagricultural commodities |
90.586 | 142.7 | 143.1 | 2.2 | -0.7 | 0.9 | 0.0 | 0.3 | |
Foods, feeds, & beverages |
0 |
8.685 | 230.7 | 232.0 | -0.2 | 1.0 | 1.9 | 0.0 | 0.6 |
Agricultural foods, feeds & beverages, excluding distilled beverages |
00 |
8.277 | 232.1 | 233.4 | -0.6 | 1.0 | 1.9 | -0.1 | 0.6 |
Nonagricultural foods (fish, distilled beverages) |
01 |
0.407 | 203.1 | 203.1 | 8.6 | 1.3 | 1.8 | 1.2 | 0.0 |
Industrial supplies & materials |
1 |
37.845 | 197.5 | 199.0 | 2.9 | -1.9 | 1.8 | -0.1 | 0.8 |
Industrial supplies & materials excluding fuels (Dec. 2020=100) |
23.025 | 122.5 | 121.5 | 5.7 | 0.7 | 1.5 | 0.2 | -0.8 | |
Industrial supplies & materials, durable |
11.832 | 231.2 | 228.2 | 8.4 | 0.9 | 2.8 | 0.4 | -1.3 | |
Industrial supplies & materials, nondurable |
26.013 | 182.5 | 185.6 | 0.8 | -3.2 | 1.3 | -0.2 | 1.7 | |
Agricultural industrial supplies & materials |
10 |
1.111 | 201.2 | 200.7 | -5.7 | -0.5 | 1.9 | 2.0 | -0.2 |
Nonagricultural industrial supplies & materials |
36.734 | 197.5 | 199.0 | 3.3 | -2.0 | 1.8 | -0.1 | 0.8 | |
Fuels & lubricants |
11 |
14.846 | 218.4 | 225.3 | -1.0 | -5.7 | 2.3 | -0.3 | 3.2 |
Nonagricultural supplies & materials excluding fuels & building materials |
12 |
21.122 | 205.6 | 203.8 | 6.5 | 0.7 | 1.5 | 0.0 | -0.9 |
Selected building materials |
13 |
0.766 | 152.6 | 153.3 | 1.9 | -0.1 | 0.1 | 0.1 | 0.5 |
Capital goods |
2 |
31.926 | 124.0 | 123.9 | 2.0 | 0.1 | 0.3 | 0.1 | -0.1 |
Nonelectrical machinery |
21 |
22.680 | 103.2 | 103.1 | 1.4 | 0.0 | 0.4 | 0.1 | -0.1 |
Transportation equipment excluding motor vehicles (Dec. 2001=100) |
22 |
5.696 | 221.7 | 221.7 | 4.3 | 0.3 | 0.3 | 0.1 | 0.0 |
Automotive vehicles, parts & engines |
3 |
8.774 | 130.3 | 130.5 | 2.7 | 0.0 | 0.5 | 0.1 | 0.2 |
Vehicles-passenger (Dec. 2023=100) |
30 |
8.774 | 102.5 | 102.7 | 2.7 | 0.0 | 0.5 | 0.1 | 0.2 |
Consumer goods, excluding automotives |
4 |
12.770 | 117.9 | 117.9 | -0.8 | 0.3 | -0.2 | 0.0 | 0.0 |
Nondurables, manufactured |
40 |
6.778 | 107.9 | 107.8 | -2.0 | 0.2 | 0.0 | -0.2 | -0.1 |
Durables, manufactured |
41 |
4.881 | 121.6 | 121.7 | 1.7 | 0.4 | -0.3 | 0.2 | 0.1 |
Nonmanufactured consumer goods (Dec. 2018=100) |
42 |
1.111 | 122.1 | 122.1 | -3.9 | 0.4 | 0.0 | 0.0 | 0.0 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | NAICS | Relative import- ance Nov. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Nov. 2024 |
Dec. 2024 |
Annual | Monthly | ||||||
Dec. 2023 to Dec. 2024 |
Aug. 2024 to Sep. 2024 |
Sep. 2024 to Oct. 2024 |
Oct. 2024 to Nov. 2024 |
Nov. 2024 to Dec. 2024 |
|||||
Nonmanufacturing |
7.742 | 144.6 | 150.8 | 4.9 | -4.7 | 0.2 | -0.1 | 4.3 | |
Agriculture, forestry, fishing and hunting |
11 |
2.334 | 250.0 | 269.7 | 17.3 | 0.7 | -0.9 | 1.9 | 7.9 |
Crop production |
111 |
1.955 | 263.8 | 288.5 | 18.4 | 0.4 | -1.8 | 3.2 | 9.4 |
Animal production (Dec. 2022=100) |
112 |
0.247 | 121.1 | 122.8 | 11.2 | 1.9 | 1.9 | -7.1 | 1.4 |
Mining |
21 |
5.408 | 131.3 | 135.0 | 0.2 | -6.8 | 0.7 | -1.0 | 2.8 |
Oil and gas extraction |
211 |
5.148 | 128.9 | 132.5 | -0.2 | -7.1 | 0.7 | -0.8 | 2.8 |
Mining (except oil and gas) (Dec. 2022=100) |
212 |
0.260 | 118.2 | 120.8 | 9.9 | 0.0 | 0.2 | -2.9 | 2.2 |
Manufacturing |
91.957 | 123.3 | 123.1 | 1.7 | 0.1 | 0.1 | 0.2 | -0.2 | |
Manufacturing, part 1 |
31 |
12.020 | 141.0 | 141.8 | 2.9 | 0.1 | -0.1 | 0.6 | 0.6 |
Food manufacturing |
311 |
4.481 | 197.1 | 200.2 | 8.7 | 0.3 | -0.4 | 1.6 | 1.6 |
Beverage and tobacco product manufacturing |
312 |
1.180 | 143.4 | 143.8 | 1.6 | 0.4 | 0.1 | -0.1 | 0.3 |
Textile mills (Dec. 2023=100) |
313 |
0.325 | 102.5 | 102.1 | 2.1 | -0.4 | 0.0 | -0.1 | -0.4 |
Textile product mills (Dec. 2023=100) |
314 |
0.888 | 99.8 | 99.7 | -0.3 | 0.0 | 0.1 | 0.0 | -0.1 |
Apparel manufacturing |
315 |
3.497 | 118.8 | 118.8 | 0.0 | -0.1 | -0.1 | 0.1 | 0.0 |
Manufacturing, part 2 |
32 |
18.878 | 141.7 | 141.4 | 1.1 | -0.9 | -0.7 | 0.6 | -0.2 |
Paper manufacturing |
322 |
0.991 | 120.5 | 120.5 | -1.7 | -1.9 | 0.2 | -1.3 | 0.0 |
Printing and related support activities (Dec. 2023=100) |
323 |
0.147 | 100.7 | 100.7 | 0.7 | 0.0 | 0.0 | 0.0 | 0.0 |
Petroleum and coal products manufacturing |
324 |
2.180 | 132.3 | 129.3 | 1.7 | -8.8 | -4.7 | 6.7 | -2.3 |
Chemical manufacturing |
325 |
11.033 | 150.8 | 150.7 | 0.9 | 0.3 | -0.3 | -0.2 | -0.1 |
Plastics and rubber products manufacturing |
326 |
2.545 | 131.9 | 131.0 | 0.2 | 0.3 | -0.2 | -0.2 | -0.7 |
Nonmetallic mineral product manufacturing |
327 |
1.097 | 145.1 | 145.5 | 0.6 | 0.3 | 0.0 | 0.1 | 0.3 |
Manufacturing, part 3 |
33 |
61.060 | 114.3 | 113.9 | 1.7 | 0.4 | 0.4 | -0.1 | -0.3 |
Primary metal manufacturing |
331 |
5.157 | 246.6 | 242.9 | 11.5 | 1.6 | 3.4 | 0.0 | -1.5 |
Fabricated metal product manufacturing |
332 |
3.189 | 146.0 | 145.6 | -0.7 | 0.8 | 0.1 | -0.3 | -0.3 |
Machinery manufacturing |
333 |
7.972 | 132.3 | 132.1 | 0.4 | 0.1 | 0.1 | -0.2 | -0.2 |
Computer and electronic product manufacturing |
334 |
16.566 | 72.7 | 72.6 | 0.6 | 0.1 | 0.1 | 0.3 | -0.1 |
Electrical equipment, appliance, and component manufacturing |
335 |
6.191 | 124.2 | 123.8 | -1.7 | 0.0 | -0.1 | -0.8 | -0.3 |
Transportation equipment manufacturing |
336 |
14.122 | 121.0 | 120.8 | 2.4 | 0.2 | 0.2 | -0.1 | -0.2 |
Furniture and related product manufacturing |
337 |
1.876 | 129.3 | 128.9 | 1.3 | 0.5 | 0.5 | -0.1 | -0.3 |
Miscellaneous manufacturing |
339 |
5.987 | 131.8 | 131.4 | 2.6 | 0.2 | 0.5 | 0.2 | -0.3 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | NAICS | Relative import- ance Nov. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Nov. 2024 |
Dec. 2024 |
Annual | Monthly | ||||||
Dec. 2023 to Dec. 2024 |
Aug. 2024 to Sep. 2024 |
Sep. 2024 to Oct. 2024 |
Oct. 2024 to Nov. 2024 |
Nov. 2024 to Dec. 2024 |
|||||
Nonmanufacturing |
13.550 | 161.5 | 169.9 | 0.1 | -2.5 | 2.1 | -0.1 | 5.2 | |
Agriculture, forestry, fishing and hunting |
11 |
4.286 | 175.6 | 178.2 | -6.7 | 0.8 | 3.4 | -0.7 | 1.5 |
Crop production |
111 |
4.141 | 185.2 | 188.8 | -6.4 | 1.1 | 3.4 | -0.3 | 1.9 |
Mining |
21 |
9.263 | 101.6 | 108.6 | 3.4 | -3.9 | 1.6 | 0.2 | 6.9 |
Oil and gas extraction (Dec. 2021=100) |
211 |
7.995 | 89.8 | 97.1 | 4.7 | -4.7 | 1.8 | 0.6 | 8.1 |
Mining (except oil and gas) |
212 |
1.269 | 129.4 | 128.6 | -4.0 | -0.1 | 0.5 | -1.7 | -0.6 |
Manufacturing |
84.744 | 135.6 | 135.0 | 1.7 | -0.3 | 0.7 | 0.0 | -0.4 | |
Manufacturing, part 1 |
31 |
6.525 | 173.2 | 172.0 | 0.4 | 0.5 | 0.5 | 0.3 | -0.7 |
Food manufacturing |
311 |
4.776 | 207.4 | 205.3 | 1.7 | 0.8 | 0.6 | 0.5 | -1.0 |
Beverage and tobacco product manufacturing |
312 |
0.498 | 132.6 | 132.6 | -7.5 | 0.1 | 0.8 | 0.2 | 0.0 |
Manufacturing, part 2 |
32 |
25.267 | 132.3 | 131.2 | -0.8 | -1.7 | 0.8 | -0.5 | -0.8 |
Wood product manufacturing (Dec. 2017=100) |
321 |
0.453 | 126.0 | 126.8 | 8.0 | -0.2 | 0.4 | 0.6 | 0.6 |
Petroleum and coal products manufacturing |
324 |
5.312 | 129.8 | 125.6 | -8.3 | -8.5 | 3.9 | -1.4 | -3.2 |
Chemical manufacturing |
325 |
14.740 | 132.9 | 132.6 | 0.8 | 0.3 | -0.1 | -0.3 | -0.2 |
Plastics and rubber products manufacturing |
326 |
2.261 | 135.6 | 135.7 | 1.1 | 0.2 | 0.1 | 0.1 | 0.1 |
Nonmetallic mineral product manufacturing |
327 |
0.732 | 131.5 | 131.3 | -1.1 | 0.2 | -0.1 | 0.2 | -0.2 |
Manufacturing, part 3 |
33 |
52.953 | 133.4 | 133.2 | 3.1 | 0.3 | 0.7 | 0.2 | -0.1 |
Primary metal manufacturing |
331 |
5.183 | 236.1 | 231.2 | 16.2 | 2.1 | 4.7 | 1.1 | -2.1 |
Machinery manufacturing |
333 |
9.674 | 154.0 | 153.7 | 2.2 | 0.1 | 0.5 | -0.1 | -0.2 |
Computer and electronic product manufacturing |
334 |
12.543 | 82.9 | 82.9 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 |
Transportation equipment manufacturing |
336 |
13.557 | 151.5 | 151.8 | 3.5 | 0.1 | 0.5 | 0.1 | 0.2 |
Furniture and related product manufacturing (Dec. 2023=100) |
337 |
0.360 | 103.9 | 104.0 | 4.0 | 0.5 | 0.5 | 0.2 | 0.1 |
Miscellaneous manufacturing |
339 |
5.083 | 142.0 | 141.9 | 1.9 | -0.3 | 0.2 | -0.2 | -0.1 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Harmo- nized system |
Relative importance Nov. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Nov. 2024 |
Dec. 2024 |
Annual | Monthly | ||||||
Dec. 2023 to Dec. 2024 |
Aug. 2024 to Sep. 2024 |
Sep. 2024 to Oct. 2024 |
Oct. 2024 to Nov. 2024 |
Nov. 2024 to Dec. 2024 |
|||||
Live animals; animal products |
I |
1.514 | 244.5 | 246.6 | 11.1 | 0.9 | 0.2 | -0.7 | 0.9 |
Meat and edible meat offal |
02 |
0.444 | 355.9 | 353.8 | 11.1 | -0.4 | -1.6 | 1.8 | -0.6 |
Fish and crustaceans, molluscs and other aquatic invertebrates |
03 |
0.711 | 151.5 | 154.7 | 14.0 | 1.3 | 0.9 | -0.7 | 2.1 |
Vegetable products |
II |
2.222 | 268.6 | 283.6 | 8.3 | -1.1 | -1.0 | 3.4 | 5.6 |
Edible vegetables, roots, and tubers |
07 |
0.618 | 599.7 | 640.4 | 18.4 | -7.1 | -12.9 | 16.4 | 6.8 |
Edible fruit and nuts; peel of citrus fruit or melons |
08 |
0.786 | 128.6 | 132.6 | 0.3 | -0.3 | 5.2 | -3.5 | 3.1 |
Coffee, tea, mate and spices |
09 |
0.463 | 353.5 | 383.0 | 24.3 | 2.1 | 3.8 | 4.8 | 8.3 |
Animal or vegetable fats and oils (Dec. 2009=100) |
III |
0.463 | 153.8 | 158.3 | 6.5 | 1.5 | -2.3 | 4.6 | 2.9 |
Animal or vegetable fats and oils and their cleavage products; prepared (Dec. 2023=100) |
15 |
0.463 | 103.6 | 106.6 | 6.6 | 1.5 | -2.3 | 4.6 | 2.9 |
Prepared foodstuffs, beverages, and tobacco |
IV |
3.573 | 206.9 | 210.1 | 5.7 | -0.2 | 0.0 | 0.1 | 1.5 |
Sugars and sugar confectionary (Dec. 2021=100) |
17 |
0.236 | 123.4 | 120.9 | -0.6 | -0.3 | -0.6 | 1.3 | -2.0 |
Cocoa and cocoa preparations (Dec. 2009=100) |
18 |
0.406 | 211.3 | 234.4 | 72.9 | -5.0 | -0.3 | 1.0 | 10.9 |
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100) |
19 |
0.495 | 100.9 | 101.1 | 1.1 | 0.3 | 0.5 | 0.3 | 0.2 |
Miscellaneous edible preparations (Dec. 2022=100) |
21 |
0.396 | 94.2 | 94.4 | -6.0 | 0.6 | 0.6 | -0.4 | 0.2 |
Beverages, spirits, and vinegar |
22 |
1.120 | 156.5 | 156.3 | 1.0 | 0.4 | 0.1 | -0.1 | -0.1 |
Mineral products |
V |
7.713 | 269.7 | 273.5 | 0.7 | -7.3 | -0.7 | 1.0 | 1.4 |
Mineral fuels, oils and residuals, bituminous substances and mineral waxes |
27 |
7.407 | 262.6 | 266.2 | 0.7 | -7.6 | -0.7 | 1.2 | 1.4 |
Products of the chemical or allied industries |
VI |
10.677 | 172.2 | 172.4 | 0.8 | 0.1 | -0.5 | 0.1 | 0.1 |
Organic chemicals |
29 |
2.169 | 134.3 | 134.9 | -5.4 | -0.1 | -1.5 | -0.4 | 0.4 |
Pharmaceutical products |
30 |
5.611 | 155.5 | 155.3 | 5.1 | 0.0 | -0.4 | 0.3 | -0.1 |
Fertilizers (Dec. 2022=100) |
31 |
0.201 | 57.9 | 58.5 | -7.0 | 1.4 | -0.7 | 1.0 | 1.0 |
Tanning extracts; dye, pigments, varnish, paints & putty (Dec. 2022=100) |
32 |
0.195 | 100.9 | 100.8 | -0.5 | -0.1 | 0.1 | -0.1 | -0.1 |
Miscellaneous chemical products |
38 |
0.875 | 111.4 | 111.3 | -4.5 | 0.5 | -0.7 | -1.0 | -0.1 |
Plastics and articles thereof; rubber and articles thereof |
VII |
3.786 | 155.5 | 154.3 | 0.6 | 0.8 | 0.0 | -0.4 | -0.8 |
Plastics and articles thereof |
39 |
2.511 | 151.7 | 150.1 | -0.2 | 1.1 | -0.1 | -0.5 | -1.1 |
Rubber and articles thereof |
40 |
1.275 | 166.1 | 165.9 | 2.2 | 0.2 | 0.2 | -0.1 | -0.1 |
Printed matter (Dec. 2023=100) |
49 |
0.168 | 100.1 | 100.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
Textile and textile articles |
XI |
4.523 | 120.7 | 120.6 | 0.2 | 0.0 | 0.0 | 0.0 | -0.1 |
Articles of apparel and clothing accessories, knitted or crocheted (Dec. 2023=100) |
61 |
1.981 | 99.1 | 99.1 | -0.9 | 0.0 | -0.2 | 0.0 | 0.0 |
Articles of apparel and clothing accessories, not knitted or crocheted |
62 |
1.471 | 128.0 | 128.1 | 1.2 | -0.1 | 0.2 | 0.0 | 0.1 |
Made-up or worn textile articles (Dec. 2023=100) |
63 |
0.631 | 98.4 | 98.4 | -1.6 | 0.0 | -0.3 | -0.1 | 0.0 |
Headgear, umbrellas, artificial flowers, etc. |
XII |
1.444 | 126.5 | 126.4 | -0.3 | -0.4 | -0.3 | 0.1 | -0.1 |
Footwear and parts of such articles |
64 |
1.181 | 123.5 | 123.5 | -0.2 | -0.4 | -0.1 | 0.0 | 0.0 |
Stone, plaster, cement, asbestos, ceramics, glass etc. |
XIII |
0.942 | 138.0 | 138.3 | 1.1 | 0.2 | 0.0 | 0.1 | 0.2 |
Articles of stone, plaster, cement, asbestos, or mica (Dec. 2020=100) |
68 |
0.326 | 100.9 | 100.8 | -0.5 | 0.6 | 0.0 | -0.4 | -0.1 |
Glass and glassware (Dec. 2021=100) |
70 |
0.347 | 111.7 | 111.7 | 3.6 | 0.5 | 0.1 | 0.7 | 0.0 |
Pearls, stones, precious metals, imitation jewelry, and coins |
XIV |
3.556 | 264.8 | 258.9 | 15.0 | 2.2 | 3.7 | 1.3 | -2.2 |
Pearls, precious stones, precious metals jewelry, coin (Dec. 2023=100) |
71 |
3.556 | 117.7 | 115.0 | 15.0 | 2.3 | 3.7 | 1.4 | -2.3 |
Base metals and articles of base metals |
XV |
5.889 | 230.5 | 229.3 | 0.9 | 0.5 | 1.2 | -1.2 | -0.5 |
Articles of iron or steel |
73 |
1.700 | 188.3 | 187.6 | -3.4 | 0.1 | 0.0 | -1.2 | -0.4 |
Copper and articles thereof |
74 |
0.554 | 425.3 | 405.0 | 7.9 | 0.7 | 6.4 | -2.9 | -4.8 |
Aluminum and articles thereof |
76 |
1.194 | 210.3 | 213.7 | 14.0 | 1.7 | 1.6 | 1.7 | 1.6 |
Tools, implements, cutlery, spoons and forks, of base metal; parts thereof |
82 |
0.409 | 131.7 | 131.3 | -0.8 | 0.5 | 0.2 | 0.1 | -0.3 |
Miscellaneous articles of base metal |
83 |
0.512 | 142.6 | 142.2 | -0.9 | 0.2 | 0.3 | -0.3 | -0.3 |
Machinery, electrical equipment, TV image and sound recorders, parts, etc. |
XVI |
30.443 | 82.4 | 82.3 | 0.2 | 0.1 | 0.1 | -0.1 | -0.1 |
Machinery and mechanical appliances; parts thereof |
84 |
15.311 | 90.1 | 89.9 | 0.8 | 0.1 | 0.2 | 0.2 | -0.2 |
Electrical machinery and equip, sound and TV recorders & reproducers, parts |
85 |
15.132 | 75.3 | 75.2 | -0.3 | 0.1 | 0.0 | -0.4 | -0.1 |
Vehicles, aircraft, vessels and associated transport equipment |
XVII |
11.882 | 125.0 | 124.8 | 1.8 | 0.1 | 0.1 | 0.0 | -0.2 |
Motor vehicles and their parts |
87 |
11.099 | 123.9 | 123.8 | 1.6 | 0.0 | 0.1 | -0.1 | -0.1 |
Aircraft, spacecraft, and parts thereof (Dec. 2020=100) |
88 |
0.642 | 111.5 | 111.7 | 4.2 | 0.2 | 0.1 | 0.3 | 0.2 |
Optical, photo, measuring, medical & musical instruments; & timepieces |
XVIII |
4.263 | 113.1 | 112.8 | 3.7 | 0.4 | 0.3 | -0.1 | -0.3 |
Optical, photographic, measuring and medical instruments |
90 |
3.954 | 108.5 | 108.4 | 3.8 | 0.2 | 0.2 | 0.0 | -0.1 |
Miscellaneous manufactured articles |
XX |
4.569 | 120.6 | 120.5 | 0.8 | 0.2 | 0.2 | -0.1 | -0.1 |
Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs |
94 |
2.551 | 128.0 | 127.6 | 0.9 | 0.4 | 0.3 | 0.0 | -0.3 |
Toys, games and sports equipment; parts and accessories thereof |
95 |
1.704 | 106.3 | 106.3 | -0.1 | 0.1 | 0.1 | -0.1 | 0.0 |
Miscellaneous manufactured articles |
96 |
0.314 | 153.4 | 153.4 | 3.9 | 0.0 | 0.5 | 0.0 | 0.0 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Harmo- nized system |
Relative import- ance Nov. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Nov. 2024 |
Dec. 2024 |
Annual | Monthly | ||||||
Dec. 2023 to Dec. 2024 |
Aug. 2024 to Sep. 2024 |
Sep. 2024 to Oct. 2024 |
Oct. 2024 to Nov. 2024 |
Nov. 2024 to Dec. 2024 |
|||||
Live animals; animal products |
I |
2.119 | 287.1 | 282.4 | 9.2 | 0.7 | 2.8 | 0.3 | -1.6 |
Meat & edible meat offal (Dec. 2006=100) |
02 |
1.409 | 247.7 | 243.5 | 10.4 | 0.6 | 1.6 | 0.7 | -1.7 |
Vegetable products |
II |
3.911 | 229.2 | 233.9 | -6.5 | 1.1 | 3.2 | -0.8 | 2.1 |
Edible fruit and nuts; peel of citrus fruit or melons |
08 |
0.964 | 168.9 | 178.9 | 21.9 | 3.5 | 1.3 | 3.3 | 5.9 |
Cereals |
10 |
1.112 | 226.9 | 229.7 | -6.1 | 1.9 | 6.9 | -0.2 | 1.2 |
Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder |
12 |
1.448 | 213.4 | 213.8 | -19.5 | -0.7 | 2.9 | -4.0 | 0.2 |
Prepared foodstuffs, beverages, and tobacco |
IV |
2.901 | 182.9 | 182.0 | -3.1 | 0.7 | -0.7 | 0.3 | -0.5 |
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100) |
19 |
0.308 | 104.4 | 104.4 | 4.4 | 0.1 | -0.1 | 3.4 | 0.0 |
Miscellaneous edible preparations (Dec. 2017=100) |
21 |
0.636 | 120.5 | 118.8 | -0.3 | 1.3 | -1.6 | -0.8 | -1.4 |
Residues and waste from the food industries; prepared animal feed |
23 |
0.586 | 244.9 | 242.9 | -19.5 | 1.1 | -2.3 | 0.7 | -0.8 |
Mineral products |
V |
14.611 | 262.4 | 271.1 | -0.7 | -5.6 | 2.4 | -0.4 | 3.3 |
Ores, slag and ash (Dec. 2012=100) |
26 |
0.466 | 139.2 | 138.8 | 14.4 | 3.8 | 4.1 | 0.4 | -0.3 |
Mineral fuels, oils and residuals, bituminous substances and mineral waxes |
27 |
13.951 | 249.7 | 258.4 | -1.1 | -6.0 | 2.4 | -0.4 | 3.5 |
Products of the chemical or allied industries |
VI |
12.613 | 160.0 | 159.8 | 0.6 | 0.1 | 0.1 | -0.2 | -0.1 |
Pharmaceutical products |
30 |
4.486 | 105.0 | 104.8 | -2.7 | 0.4 | 0.1 | -0.2 | -0.2 |
Essential oils and resinoids; perfumery cosmetic or toilet preparations |
33 |
0.830 | 148.5 | 148.4 | 0.3 | 0.1 | 0.1 | 0.0 | -0.1 |
Miscellaneous chemical products |
38 |
2.372 | 196.5 | 196.7 | 2.4 | 0.7 | -0.2 | 0.0 | 0.1 |
Rubber and articles thereof |
40 |
0.927 | 193.7 | 193.6 | 11.6 | 0.3 | -0.2 | 0.0 | -0.1 |
Wood, wood charcoal, cork, straw, baskets and wickerwork (Dec. 2014=100) |
IX |
0.487 | 113.2 | 114.0 | 6.3 | -0.2 | 0.3 | 0.2 | 0.7 |
Wood and articles of wood; wood charcoal (Dec. 2023=100) |
44 |
0.487 | 105.5 | 106.3 | 6.3 | -0.2 | 0.3 | 0.1 | 0.8 |
Woodpulp and recovered paper (Dec. 2019=100) |
47 |
0.585 | 176.2 | 174.4 | 10.9 | 0.2 | 0.1 | -0.2 | -1.0 |
Cotton, including yarns and woven fabrics thereof |
52 |
0.526 | 149.7 | 150.2 | -4.0 | 0.4 | 1.2 | 5.7 | 0.3 |
Stone, plaster, cement, asbestos, ceramics, glass etc. |
XIII |
0.750 | 154.4 | 154.1 | 1.4 | 0.2 | 0.0 | 0.1 | -0.2 |
Glass and glassware (Dec. 2019=100) |
70 |
0.357 | 115.9 | 115.3 | 0.3 | 0.4 | 0.0 | 0.3 | -0.5 |
Pearls, stones, precious metals, imitation jewelry, and coins |
XIV |
5.716 | 373.5 | 366.1 | 17.3 | 2.4 | 4.6 | 1.5 | -2.0 |
Pearls, precious stones, precious metals; jewelry, coin (Dec. 2023=100) |
71 |
5.716 | 119.6 | 117.3 | 17.3 | 2.5 | 4.6 | 1.4 | -1.9 |
Base metals and articles of base metals |
XV |
4.507 | 212.8 | 209.8 | 0.5 | -0.7 | 2.1 | -0.6 | -1.4 |
Copper and articles thereof |
74 |
0.606 | 292.8 | 277.2 | 8.2 | 0.4 | 9.3 | -4.2 | -5.3 |
Aluminum and articles thereof |
76 |
0.758 | 156.9 | 158.5 | 9.7 | -2.4 | 3.1 | -0.3 | 1.0 |
Miscellaneous articles of base metal (Dec. 2022=100) |
83 |
0.339 | 106.8 | 106.8 | 2.0 | -0.1 | 0.5 | 0.0 | 0.0 |
Machinery, electrical equipment, TV image and sound recorders, parts, etc. |
XVI |
26.632 | 109.0 | 108.9 | 2.3 | 0.2 | 0.2 | 0.2 | -0.1 |
Machinery and mechanical appliances; parts thereof |
84 |
15.858 | 134.9 | 134.4 | 2.8 | 0.1 | 0.4 | 0.1 | -0.4 |
Electrical machinery and equipment and parts and accessories thereof |
85 |
10.774 | 82.1 | 82.4 | 1.5 | 0.4 | -0.2 | 0.1 | 0.4 |
Vehicles, aircraft, vessels and associated transport equipment |
XVII |
9.887 | 157.2 | 157.5 | 2.3 | 0.0 | 0.6 | 0.1 | 0.2 |
Motor vehicles and their parts |
87 |
7.374 | 131.1 | 131.5 | 2.3 | 0.0 | 0.8 | 0.0 | 0.3 |
Optical, photo, measuring, medical & musical instruments; & timepieces |
XVIII |
5.798 | 120.0 | 120.1 | 1.1 | -0.7 | 0.1 | -0.2 | 0.1 |
Optical, photographic, measuring and medical instruments (Dec. 2023=100) |
90 |
5.742 | 101.0 | 101.0 | 1.0 | -0.8 | 0.1 | -0.2 | 0.0 |
Miscellaneous manufactured articles |
XX |
1.165 | 136.2 | 136.0 | 1.1 | -0.2 | 0.1 | 0.1 | -0.1 |
Furniture; stuffed furnishings; lamps and lighting fittings nesoi |
94 |
0.588 | 152.9 | 153.0 | 3.5 | 0.5 | 0.3 | 0.1 | 0.1 |
Toys, games and sports equipment; parts and accessories thereof |
95 |
0.432 | 114.4 | 114.0 | -3.9 | -1.3 | -0.1 | -0.5 | -0.3 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Nov. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Nov. 2024 |
Dec. 2024 |
Annual | Monthly | |||||
Dec. 2023 to Dec. 2024 |
Aug. 2024 to Sep. 2024 |
Sep. 2024 to Oct. 2024 |
Oct. 2024 to Nov. 2024 |
Nov. 2024 to Dec. 2024 |
||||
Industrialized Countries(2) |
100.000 | 146.9 | 146.9 | 2.9 | -0.3 | 0.3 | 0.1 | 0.0 |
Nonmanufacturing |
9.922 | 233.7 | 241.5 | 7.1 | -5.6 | 1.1 | 0.0 | 3.3 |
Manufacturing |
89.740 | 139.7 | 139.3 | 2.6 | 0.4 | 0.3 | 0.0 | -0.3 |
Canada |
100.000 | 168.3 | 169.5 | 2.6 | -1.6 | 0.5 | -0.1 | 0.7 |
Nonmanufacturing |
29.962 | 226.7 | 234.5 | 6.6 | -5.9 | 1.1 | 0.3 | 3.4 |
Manufacturing |
69.271 | 156.7 | 155.9 | 1.0 | 0.3 | 0.2 | -0.2 | -0.5 |
European Union |
100.000 | 158.8 | 158.5 | 1.9 | -0.1 | 0.1 | 0.0 | -0.2 |
Manufacturing |
99.307 | 154.4 | 154.1 | 1.9 | -0.1 | 0.1 | 0.0 | -0.2 |
France (Dec. 2003=100) |
100.000 | 159.0 | 158.1 | 4.9 | -0.1 | 0.3 | 0.1 | -0.6 |
Germany (Dec. 2003=100) |
100.000 | 125.2 | 124.5 | 0.6 | 0.0 | 0.2 | -0.4 | -0.6 |
United Kingdom (Dec. 2003=100) |
100.000 | 138.8 | 139.0 | 1.8 | -0.9 | 0.2 | 0.3 | 0.1 |
Latin America(3) |
100.000 | 175.1 | 176.3 | 3.7 | -0.5 | 0.1 | 0.3 | 0.7 |
Nonmanufacturing |
13.079 | 326.6 | 348.7 | 5.6 | -1.9 | -3.1 | 0.7 | 6.8 |
Manufacturing |
86.702 | 142.1 | 141.8 | 3.5 | -0.2 | 0.5 | 0.2 | -0.2 |
Mexico (Dec. 2003=100) |
100.000 | 149.4 | 150.4 | 4.3 | -0.1 | -0.5 | 0.4 | 0.7 |
Nonmanufacturing (Dec. 2008=100) |
8.494 | 178.0 | 193.2 | 15.3 | -1.6 | -11.1 | 2.5 | 8.5 |
Manufacturing (Dec. 2008=100) |
91.293 | 102.0 | 101.9 | 3.2 | 0.0 | 0.6 | 0.2 | -0.1 |
Pacific Rim (Dec. 2003=100)(4) |
100.000 | 102.8 | 102.8 | 0.6 | 0.2 | 0.3 | 0.1 | 0.0 |
China (Dec. 2003=100) |
100.000 | 100.4 | 100.4 | -0.6 | 0.0 | 0.1 | -0.1 | 0.0 |
Japan |
100.000 | 101.4 | 101.2 | -0.3 | 0.1 | 0.3 | -0.2 | -0.2 |
Taiwan (Dec. 2018=100) |
100.000 | 111.2 | 111.0 | 1.8 | 0.1 | 0.2 | 1.3 | -0.2 |
Asian NICs(5) |
100.000 | 95.6 | 95.0 | 0.3 | 0.6 | 0.3 | -0.1 | -0.6 |
ASEAN (Dec. 2003=100)(6) |
100.000 | 100.5 | 100.6 | 0.5 | 0.3 | 0.6 | -0.4 | 0.1 |
Asia Near East (Dec. 2003=100)(7) |
100.000 | 211.4 | 205.5 | -1.5 | -6.7 | 3.0 | 1.6 | -2.8 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Nov. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Nov. 2024 |
Dec. 2024 |
Annual | Monthly | |||||
Dec. 2023 to Dec. 2024 |
Aug. 2024 to Sep. 2024 |
Sep. 2024 to Oct. 2024 |
Oct. 2024 to Nov. 2024 |
Nov. 2024 to Dec. 2024 |
||||
Industrialized Countries(2) |
100.000 | 124.3 | 124.2 | 3.9 | -0.6 | 1.6 | 0.1 | -0.1 |
Nonmanufacturing |
14.054 | 137.1 | 139.9 | 2.7 | -6.1 | 6.6 | -1.9 | 2.0 |
Manufacturing |
84.282 | 122.7 | 122.2 | 3.8 | 0.3 | 0.7 | 0.3 | -0.4 |
Canada |
100.000 | 128.7 | 129.1 | 0.9 | -0.5 | 1.0 | -0.5 | 0.3 |
Nonmanufacturing (Dec. 2020=100) |
6.687 | 123.7 | 131.8 | -4.5 | -2.8 | 4.0 | -5.6 | 6.5 |
Manufacturing (Dec. 2020=100) |
91.349 | 120.5 | 120.4 | 0.8 | -0.4 | 0.7 | -0.2 | -0.1 |
European Union |
100.000 | 119.9 | 119.5 | 2.4 | -1.9 | 0.8 | -0.3 | -0.3 |
Nonmanufacturing |
20.733 | 128.8 | 128.6 | -4.7 | -7.4 | 2.3 | -2.7 | -0.2 |
Manufacturing |
77.499 | 118.5 | 118.2 | 4.3 | -0.3 | 0.3 | 0.3 | -0.3 |
Germany |
100.000 | 125.4 | 125.3 | 6.5 | 0.0 | 0.7 | -0.1 | -0.1 |
Latin America(3) |
100.000 | 120.7 | 120.6 | 0.0 | -1.8 | 1.2 | -0.9 | -0.1 |
Nonmanufacturing |
6.940 | 128.7 | 142.4 | 1.0 | -1.0 | 8.0 | -6.9 | 10.6 |
Manufacturing |
92.465 | 120.2 | 119.1 | -0.1 | -1.8 | 0.6 | -0.3 | -0.9 |
Mexico |
100.000 | 121.6 | 122.0 | 1.0 | -1.4 | 1.2 | -1.3 | 0.3 |
Nonmanufacturing |
5.538 | 104.5 | 124.8 | 3.9 | 0.8 | 15.0 | -13.8 | 19.4 |
Manufacturing |
93.522 | 123.6 | 122.6 | 0.7 | -1.5 | 0.4 | -0.5 | -0.8 |
Pacific Rim(4) |
100.000 | 113.6 | 113.5 | 1.1 | -1.0 | 1.7 | -0.4 | -0.1 |
Nonmanufacturing |
19.178 | 111.0 | 111.4 | -3.0 | -5.5 | 5.9 | -1.4 | 0.4 |
Manufacturing |
79.539 | 115.7 | 115.7 | 2.0 | 0.2 | 0.6 | -0.2 | 0.0 |
China |
100.000 | 107.6 | 107.6 | -0.5 | -0.2 | 2.4 | -0.1 | 0.0 |
Nonmanufacturing |
22.615 | 96.7 | 96.7 | -9.5 | -2.8 | 6.3 | -1.5 | 0.0 |
Manufacturing |
75.710 | 113.5 | 113.7 | 2.5 | 0.6 | 1.1 | 0.4 | 0.2 |
Japan |
100.000 | 113.3 | 112.4 | 3.1 | -0.4 | 2.6 | -0.4 | -0.8 |
Nonmanufacturing |
20.995 | 122.8 | 121.2 | 2.5 | -4.9 | 9.5 | 0.7 | -1.3 |
Manufacturing |
77.701 | 110.9 | 110.2 | 3.2 | 0.6 | 0.9 | -0.6 | -0.6 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Index | Percent change | |||||
---|---|---|---|---|---|---|---|
Nov. 2024 |
Dec. 2024 |
Annual | Monthly | ||||
Dec. 2023 to Dec. 2024 |
Aug. 2024 to Sep. 2024 |
Sep. 2024 to Oct. 2024 |
Oct. 2024 to Nov. 2024 |
Nov. 2024 to Dec. 2024 |
|||
Industrialized Countries(2) |
103.6 | 103.5 | 1.0 | -0.3 | 1.3 | 0.0 | -0.1 |
Canada |
100.5 | 100.1 | -1.7 | 1.1 | 0.5 | -0.4 | -0.4 |
European Union |
101.6 | 101.5 | 0.5 | -1.8 | 0.8 | -0.4 | -0.1 |
Germany |
115.3 | 115.8 | 5.9 | 0.0 | 0.4 | 0.3 | 0.4 |
Latin America(3) |
102.6 | 101.9 | -3.5 | -1.3 | 1.2 | -1.3 | -0.7 |
Mexico |
105.0 | 104.6 | -3.2 | -1.2 | 1.7 | -1.7 | -0.4 |
Pacific Rim(4) |
108.7 | 108.6 | 0.5 | -1.2 | 1.4 | -0.5 | -0.1 |
China |
107.3 | 107.3 | 0.2 | -0.2 | 2.3 | 0.0 | 0.0 |
Japan |
106.7 | 106.1 | 3.4 | -0.5 | 2.3 | -0.2 | -0.6 |
Footnotes |
|||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Nov. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Nov. 2024 |
Dec. 2024 |
Annual | Monthly | |||||
Dec. 2023 to Dec. 2024 |
Aug. 2024 to Sep. 2024 |
Sep. 2024 to Oct. 2024 |
Oct. 2024 to Nov. 2024 |
Nov. 2024 to Dec. 2024 |
||||
Air Freight |
||||||||
Import Air Freight |
100.000 | 275.5 | 273.4 | 2.0 | 6.3 | -4.1 | 1.4 | -0.8 |
Europe (Dec. 2003=100) |
18.406 | 156.3 | 160.8 | -12.0 | -1.6 | 7.8 | -4.0 | 2.9 |
Asia |
80.653 | 307.1 | 301.0 | 5.8 | 8.3 | -7.0 | 2.8 | -2.0 |
Export Air Freight |
100.000 | 182.7 | 172.4 | -2.1 | -0.6 | 4.9 | 1.2 | -5.6 |
Europe (Dec. 2006=100) |
26.925 | 134.4 | 132.0 | 1.2 | -1.9 | 4.4 | 2.4 | -1.8 |
Asia (Dec. 2011=100) |
48.531 | 143.1 | 135.6 | -7.2 | -0.4 | 7.6 | -4.3 | -5.2 |
Inbound Air Freight |
100.000 | 196.0 | 197.7 | 5.0 | 4.1 | 8.0 | -2.8 | 0.9 |
Europe (Dec. 2003=100) |
23.003 | 138.7 | 143.6 | -2.6 | -1.4 | 8.0 | -0.6 | 3.5 |
Asia |
65.298 | 204.1 | 203.8 | 8.1 | 6.9 | 9.2 | -6.2 | -0.1 |
Outbound Air Freight |
100.000 | 172.8 | 165.1 | -5.8 | -1.7 | 1.1 | 2.2 | -4.5 |
Europe (Dec. 2003=100) |
34.207 | 163.4 | 161.5 | -1.1 | -1.7 | 0.1 | 2.1 | -1.2 |
Asia |
45.365 | 192.0 | 174.0 | -11.9 | -2.2 | 2.0 | 3.2 | -9.4 |
Air Passenger Fares |
||||||||
Import Air Passenger Fares |
100.000 | 173.3 | 191.6 | 1.0 | 13.9 | 3.9 | -4.8 | 10.6 |
Europe |
48.551 | 195.5 | 205.6 | 6.6 | 23.8 | -4.3 | -0.2 | 5.2 |
Asia |
11.765 | 158.5 | 186.7 | -5.7 | 2.0 | 0.3 | 2.7 | 17.8 |
Latin America/Caribbean |
10.215 | 149.6 | 172.4 | -0.1 | -2.1 | 9.2 | 3.2 | 15.2 |
Export Air Passenger Fares |
100.000 | 177.7 | 178.0 | 1.8 | -1.4 | 0.7 | -0.8 | 0.2 |
Europe |
37.457 | 216.1 | 214.3 | 7.3 | 2.2 | -0.1 | -2.3 | -0.8 |
Asia |
11.496 | 175.7 | 167.0 | -12.7 | -13.0 | -2.5 | 4.2 | -5.0 |
Latin America/Caribbean |
31.440 | 173.0 | 180.4 | 2.9 | -1.5 | 1.9 | -1.1 | 4.3 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
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. 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. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.