
An official website of the United States government
Transmission of material in this release is embargoed until USDL-24-0066 8:30 a.m. (ET) Wednesday, January 17, 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 - DECEMBER 2023 U.S. import prices were unchanged in December, after declining 0.5 percent in November, the U.S. Bureau of Labor Statistics reported today. Import fuel prices decreased 0.3 percent in December and nonfuel prices were unchanged. Prices for U.S. exports fell 0.9 percent in December following a 0.9-percent decline the previous month. Imports The price index for U.S. imports was unchanged in December, after declining in each of the previous 2 months. Prices for U.S. imports fell 1.6 percent for the year ended in December. U.S. import prices have not risen on a 12-month basis since January 2023. (See table 1.) Fuel Imports: Prices for import fuel declined 0.3 percent in December following decreases of 6.4 percent in November and 3.9 percent in October. Lower petroleum prices in December more than offset higher natural gas prices. Import fuel prices fell 9.4 percent from December 2022 to December 2023. The price index for import petroleum decreased 0.3 percent in December, after declining 7.7 percent in November and 4.1 percent in October. Import petroleum prices fell 4.0 percent over the past 12 months. In contrast, prices for import natural gas rose 0.3 percent in December following a 35.7-percent increase in November. Despite the recent increases, natural gas prices fell 61.9 percent over the past year, the largest 12-month drop since the index decreased 70.7 percent for the year ended June 2023. All Imports Excluding Fuel: Nonfuel import prices were unchanged in December, after ticking up 0.1 percent in November and declining 0.1 percent in October. Higher prices in December for nonfuel industrial supplies and materials and automotive vehicles were offset by lower prices for capital goods and foods, feeds, and beverages. The price index for nonfuel imports declined 0.8 percent for the year ended in December. Foods, Feeds, and Beverages: Prices for import foods, feeds, and beverages edged down 0.1 percent in December following a 1.0-percent advance the previous month. The December drop was driven by a 2.4- percent decrease in fish and shellfish prices. Nonfuel Industrial Supplies and Materials: Nonfuel industrial supplies and materials prices rose 0.4 percent in December, after increasing 0.2 percent in November. The December advance was the largest monthly rise since the index increased 1.2 percent in December 2022 and was led by higher metals prices. Finished Goods: Prices for the major finished goods import categories were mixed in December. Capital goods prices edged down 0.1 percent for the third consecutive month in December. Lower prices for semiconductors and computer accessories, peripherals, and parts led the December drop in capital goods prices. In contrast, prices for import automotive vehicles ticked up 0.1 percent in December, after declining 0.1 percent the previous month. The advance was driven by higher prices for automotive tires and tubes. Import consumer goods prices were unchanged in December for the fifth consecutive month. 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 |
|
2022 |
||||||
December |
0.1 | -2.3 | 0.4 | -3.0 | -2.4 | -3.1 |
2023 |
||||||
January |
-0.4 | -4.8 | 0.2 | 0.2 | -0.8 | 0.3 |
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 | (r)6.4 | -0.2 | 0.5 | -1.1 | (r)0.7 |
October |
-0.6 | (r)-3.9 | (r)-0.1 | -0.9 | -1.0 | (r)-0.9 |
November |
(r)-0.5 | (r)-6.4 | (r)0.1 | -0.9 | (r)0.1 | -1.0 |
December |
0.0 | -0.3 | 0.0 | -0.9 | -0.6 | -0.9 |
Dec. 2021 to 2022 |
3.2 | 15.9 | 1.9 | 4.6 | 9.3 | 3.9 |
Dec. 2022 to 2023 |
-1.6 | -9.4 | -0.8 | -3.2 | -8.9 | -2.4 |
Footnotes |
Exports The price index for U.S. exports decreased 0.9 percent for the third consecutive month in December. Those were the first 1-month declines since June 2023. Lower prices for both agricultural and nonagricultural exports contributed to the December drop. U.S. export prices fell 3.2 percent over the past year. Despite the recent declines, the December decrease was the smallest 12-month drop since February 2023. (See table 2.) Agricultural Exports: Export agricultural prices declined 0.6 percent in December following a 0.1-percent advance in November. Lower prices in December for soybeans and other oilseeds, corn, meat, and nuts more than offset higher fruit prices. Prices for agricultural exports decreased 8.9 percent for the year ended in December. The 12-month drop was largely driven by lower prices for corn, soybeans, wheat, and vegetables over the past year. All Exports Excluding Agriculture: Prices for nonagricultural exports declined 0.9 percent in December following decreases of 1.0 percent in November and 0.9 percent in October. Lower prices in December for nonagricultural industrial supplies and materials and nonagricultural foods more than offset higher prices for consumer goods and automotive vehicles. The price index for nonagricultural exports fell 2.4 percent from December 2022 to December 2023. Nonagricultural Industrial Supplies and Materials: Nonagricultural industrial supplies and materials prices declined 2.3 percent for the second consecutive month in December. The December and November drops were driven by lower fuel prices. The 2.3-percent declines were the largest 1-month drops since a 5.0- percent decrease in May. Finished Goods: Prices for the major finished goods export categories were mostly up in December. Consumer goods prices rose 0.3 percent following a 0.2-percent drop in November. Higher prices for coins, gems, jewelry, and collectables in December led the advance in consumer goods prices. The price index for automotive vehicles advanced 0.2 percent in December, after a 0.1-percent decline the previous month. The increase was driven by a 0.6-percent rise in passenger car prices. Prices for export capital goods were unchanged in December following a 0.1-percent decrease in November. 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 edged down 0.1 percent in December, after declining 0.2 percent the previous month. Prices for imports from China last increased on a monthly basis in October 2022. Prices for imports from China decreased 3.0 percent for the year ended in December. The price index for imports from Japan also fell 0.1 percent in December following 0.1-percent increases in each of the previous 3 months. The December drop was the first monthly decrease for import prices from Japan since May 2023. Prices for imports from Japan advanced 0.4 percent over the past year. The price index for imports from Canada fell 1.3 percent in December, after declining 2.8 percent in November and 1.3 percent in October. The price index for imports from Canada decreased 6.0 percent from December 2022 to December 2023. In contrast, prices for imports from the European Union and Mexico advanced in December, rising 0.3 percent and 0.1 percent, respectively. (See table 7.) Exports by Locality of Destination: Prices for exports to China decreased 0.7 percent in December following a 1.0-percent drop the previous month. The price index for exports to China declined 3.1 percent for the year ended in December. Export prices to Japan fell 1.7 percent in December, after decreasing 1.8 percent in November. Prices for exports to Japan declined 9.5 percent over the past 12 months. The price index for exports to Canada was unchanged in December following a 0.5-percent drop in November. Export prices to Canada fell 1.0 percent over the past year. Prices for exports to the European Union decreased 0.3 percent in December and the price index for exports to Mexico declined 1.5 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 fell 0.6 percent in December, after declining 0.8 percent in November and 0.4 percent in October. Lower export prices to China in December more than offset lower import prices from China. The index for U.S. terms of trade with China declined 0.2 percent over the past 12 months. U.S. terms of trade with Japan fell 1.7 percent in December following a 1.9-percent decrease the previous month. The index for U.S. terms of trade with Japan declined 9.9 percent from December 2022 to December 2023. In contrast, U.S. terms of trade with Canada rose 1.3 percent in December, after advancing 2.4 percent in November. The indexes for U.S. terms of trade with the European Union and Mexico fell 0.6 percent and 1.5 percent, respectively, in December. (See table 9.) Import and Export Services Imports: Import air passenger fares rose 6.9 percent in December, after declining 0.4 percent in November. Higher Latin American/Caribbean, European, and Asian fares all contributed to the December advance. Despite the increase, import air passenger fares declined 4.2 percent over the past year. Import air freight prices rose 13.3 percent in December following a 4.5-percent advance in November. The December increase was the largest 1-month advance since the index rose 13.9 percent in November 2021. In spite of the December increase, import air freight prices fell 4.6 percent over the past 12 months. (See table 10.) Exports: The index for export air passenger fares decreased 3.4 percent in December, after increasing 1.3 percent the previous month. Lower Latin American/Caribbean, European, and Asian fares all contributed to the December drop. Export air passenger fares declined 5.3 percent for the year ended in December. Export air freight prices rose 0.4 percent in December following a 0.5-percent decline in November. Higher prices for export air freight to Asia and Europe contributed to the advance. Prices for export air freight decreased 12.9 percent from December 2022 to December 2023. U.S. Import and Export Price Index data for January 2024 are scheduled for release on Thursday, February 15, 2024, at 8:30 a.m. (ET).
Description | End Use |
Relative import- ance Nov. 2023(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Nov. 2023 |
Dec. 2023 |
Annual | Monthly | ||||||
Dec. 2022 to Dec. 2023 |
Aug. 2023 to Sep. 2023 |
Sep. 2023 to Oct. 2023 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
|||||
All commodities |
100.000 | 139.5 | 139.5 | -1.6 | 0.5 | -0.6 | -0.5 | 0.0 | |
All imports excluding food and fuels (Dec. 2010=100) |
83.462 | 107.4 | 107.5 | -1.0 | -0.2 | -0.1 | 0.0 | 0.1 | |
All imports excluding petroleum |
91.322 | 123.2 | 123.2 | -1.5 | -0.2 | -0.2 | 0.2 | 0.0 | |
All imports excluding fuels (Dec. 2001=100) |
90.713 | 126.9 | 126.9 | -0.8 | -0.2 | -0.1 | 0.1 | 0.0 | |
Foods, feeds, & beverages |
0 |
7.250 | 215.0 | 214.7 | 2.7 | -0.3 | -0.5 | 1.0 | -0.1 |
Agricultural foods, feeds & beverages, excluding distilled beverages |
00 |
5.895 | 241.9 | 242.4 | 5.3 | 0.0 | -0.2 | 1.7 | 0.2 |
Nonagricultural foods (fish, distilled beverages) |
01 |
1.355 | 150.1 | 147.6 | -7.6 | -1.3 | -1.7 | -2.1 | -1.7 |
Industrial supplies & materials |
1 |
24.477 | 241.3 | 241.6 | -7.4 | 2.0 | -2.0 | -2.4 | 0.1 |
Industrial supplies & materials excluding petroleum |
15.923 | 197.8 | 198.6 | -9.6 | -0.9 | -0.7 | 0.9 | 0.4 | |
Industrial supplies & materials excluding fuels (Dec. 2001=100) |
15.203 | 220.0 | 220.9 | -6.1 | -0.8 | -0.7 | 0.2 | 0.4 | |
Industrial supplies & materials, durable |
9.565 | 213.6 | 214.5 | -5.3 | -0.8 | -1.2 | 0.4 | 0.4 | |
Industrial supplies & materials nondurable excluding petroleum |
6.234 | 179.9 | 180.5 | -15.5 | -1.1 | 0.1 | 1.7 | 0.3 | |
Fuels & lubricants |
10 |
9.287 | 287.4 | 286.5 | -9.4 | 6.4 | -3.9 | -6.4 | -0.3 |
Petroleum & petroleum products |
100 |
8.678 | 306.6 | 305.6 | -4.0 | 7.0 | -4.1 | -7.7 | -0.3 |
Crude petroleum |
10000 |
5.566 | 319.4 | 306.4 | 2.5 | 8.4 | -2.0 | -9.6 | -4.1 |
Fuels, n.e.s.-coals & gas |
101 |
0.474 | 195.4 | 195.6 | -56.3 | -5.5 | -1.8 | 24.9 | 0.1 |
Natural gas |
10110 |
0.371 | 177.8 | 178.4 | -61.9 | -6.7 | -2.7 | 35.7 | 0.3 |
Paper & paper base stocks |
11 |
0.530 | 140.6 | 139.6 | -7.0 | -2.8 | 1.9 | 1.3 | -0.7 |
Materials associated with nondurable supplies & materials |
12 |
5.094 | 192.5 | 193.3 | -7.6 | -0.5 | 0.1 | -0.2 | 0.4 |
Selected building materials |
13 |
1.700 | 184.7 | 185.2 | -4.1 | -0.7 | -1.0 | -1.7 | 0.3 |
Unfinished metals related to durable goods |
14 |
3.796 | 311.1 | 313.3 | -8.9 | -1.2 | -1.0 | 1.2 | 0.7 |
Finished metals related to durable goods |
15 |
2.321 | 214.7 | 217.8 | 0.6 | -0.5 | -1.7 | 1.1 | 1.4 |
Nonmetals related to durable goods |
16 |
1.748 | 121.9 | 120.3 | -5.4 | -0.4 | -1.3 | -0.2 | -1.3 |
Capital goods |
2 |
27.819 | 93.2 | 93.1 | -0.2 | 0.0 | -0.1 | -0.1 | -0.1 |
Electric generating equipment |
20 |
3.759 | 129.5 | 129.7 | 0.4 | -0.1 | -0.2 | 0.0 | 0.2 |
Nonelectrical machinery |
21 |
22.652 | 84.1 | 84.0 | -0.6 | 0.0 | -0.1 | -0.1 | -0.1 |
Transportation equipment excluding motor vehicles (Dec. 2001=100) |
22 |
1.407 | 152.8 | 152.8 | 3.4 | -0.2 | 0.0 | -0.1 | 0.0 |
Automotive vehicles, parts & engines |
3 |
13.000 | 119.0 | 119.1 | 1.6 | 0.1 | 0.3 | -0.1 | 0.1 |
Consumer goods, excluding automotives |
4 |
27.454 | 109.8 | 109.8 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
Nondurables, manufactured |
40 |
12.867 | 125.3 | 125.3 | 0.7 | -0.1 | 0.0 | 0.2 | 0.0 |
Durables, manufactured |
41 |
13.625 | 95.1 | 95.1 | -0.4 | -0.1 | 0.1 | -0.2 | 0.0 |
Nonmanufactured consumer goods |
42 |
0.962 | 123.6 | 123.9 | -4.2 | 0.2 | -0.2 | 0.5 | 0.2 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | End Use |
Relative import- ance Nov. 2023(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Nov. 2023 |
Dec. 2023 |
Annual | Monthly | ||||||
Dec. 2022 to Dec. 2023 |
Aug. 2023 to Sep. 2023 |
Sep. 2023 to Oct. 2023 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
|||||
All commodities |
100.000 | 147.3 | 146.0 | -3.2 | 0.5 | -0.9 | -0.9 | -0.9 | |
Agricultural commodities |
10.612 | 231.7 | 230.2 | -8.9 | -1.1 | -1.0 | 0.1 | -0.6 | |
All exports excluding food and fuels (Dec. 2010=100) |
73.934 | 113.7 | 113.9 | 0.4 | 0.1 | -0.1 | -0.1 | 0.2 | |
All exports excluding fuels (June 2022=100) |
83.612 | 98.6 | 98.7 | 0.1 | 0.0 | -0.2 | 0.0 | 0.1 | |
Nonagricultural commodities |
89.388 | 140.8 | 139.5 | -2.4 | 0.7 | -0.9 | -1.0 | -0.9 | |
Foods, feeds, & beverages |
0 |
9.678 | 232.5 | 230.9 | -9.7 | -1.4 | -1.0 | 0.2 | -0.7 |
Agricultural foods, feeds & beverages, excluding distilled beverages |
00 |
9.308 | 235.0 | 233.4 | -9.3 | -1.4 | -1.0 | 0.2 | -0.7 |
Nonagricultural foods (fish, distilled beverages) |
01 |
0.370 | 185.5 | 184.8 | -17.4 | -2.8 | -1.2 | -0.1 | -0.4 |
Industrial supplies & materials |
1 |
37.781 | 196.5 | 192.1 | -8.3 | 1.5 | -2.1 | -2.2 | -2.2 |
Industrial supplies & materials, durable |
10.844 | 208.0 | 210.5 | -1.5 | 0.0 | -1.2 | 1.0 | 1.2 | |
Industrial supplies & materials, nondurable |
26.937 | 189.5 | 182.5 | -11.0 | 2.1 | -2.5 | -3.5 | -3.7 | |
Agricultural industrial supplies & materials |
10 |
1.272 | 218.7 | 218.1 | -6.5 | 0.4 | -0.6 | -0.3 | -0.3 |
Nonagricultural industrial supplies & materials |
36.509 | 195.9 | 191.3 | -8.4 | 1.5 | -2.1 | -2.3 | -2.3 | |
Fuels & lubricants |
11 |
16.388 | 239.4 | 225.3 | -14.0 | 3.6 | -4.2 | -5.2 | -5.9 |
Nonagricultural supplies & materials excluding fuels & building materials |
12 |
19.295 | 189.1 | 190.1 | -3.7 | -0.2 | -0.4 | 0.2 | 0.5 |
Selected building materials |
13 |
0.826 | 150.0 | 150.5 | -1.8 | 0.5 | 1.1 | 0.1 | 0.3 |
Capital goods |
2 |
31.246 | 121.5 | 121.5 | 2.2 | 0.1 | 0.1 | -0.1 | 0.0 |
Electrical generating equipment |
20 |
3.457 | 136.5 | 136.8 | 0.7 | -0.4 | 0.1 | 0.1 | 0.2 |
Nonelectrical machinery |
21 |
22.839 | 101.7 | 101.6 | 1.5 | 0.1 | 0.1 | -0.1 | -0.1 |
Transportation equipment excluding motor vehicles (Dec. 2001=100) |
22 |
4.950 | 211.8 | 211.9 | 6.6 | 0.2 | 0.0 | 0.1 | 0.0 |
Automotive vehicles, parts & engines |
3 |
8.428 | 126.0 | 126.2 | 3.3 | 1.0 | 0.3 | -0.1 | 0.2 |
Consumer goods, excluding automotives |
4 |
12.867 | 118.5 | 118.8 | 1.8 | -0.3 | -0.3 | -0.2 | 0.3 |
Nondurables, manufactured |
40 |
6.793 | 109.8 | 110.0 | 1.2 | -0.5 | -0.2 | -0.3 | 0.2 |
Durables, manufactured |
41 |
4.830 | 119.2 | 119.6 | 3.2 | -0.1 | -0.6 | -0.1 | 0.3 |
Nonmanufactured consumer goods (Dec. 2018=100) |
42 |
1.245 | 127.2 | 127.1 | -0.2 | -0.8 | 0.0 | 0.0 | -0.1 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | NAICS | Relative import- ance Nov. 2023(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Nov. 2023 |
Dec. 2023 |
Annual | Monthly | ||||||
Dec. 2022 to Dec. 2023 |
Aug. 2023 to Sep. 2023 |
Sep. 2023 to Oct. 2023 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
|||||
Nonmanufacturing |
8.720 | 154.2 | 150.4 | -2.8 | 6.0 | -1.6 | -4.5 | -2.5 | |
Agriculture, forestry, fishing and hunting |
11 |
2.334 | 230.8 | 231.9 | 8.0 | 2.0 | -1.2 | 3.5 | 0.5 |
Crop production |
111 |
1.904 | 244.8 | 246.3 | 8.4 | 2.6 | -0.7 | 4.7 | 0.6 |
Animal production (Dec. 2022=100) |
112 |
0.260 | 109.9 | 110.3 | 10.3 | -1.9 | -3.1 | -2.1 | 0.4 |
Mining |
21 |
6.386 | 148.4 | 143.1 | -6.4 | 7.3 | -1.7 | -7.1 | -3.6 |
Oil and gas extraction |
211 |
6.107 | 146.9 | 141.4 | -7.2 | 7.6 | -1.9 | -7.4 | -3.7 |
Mining (except oil and gas) (Dec. 2022=100) |
212 |
0.279 | 111.3 | 110.9 | 10.9 | 1.2 | 2.2 | -2.4 | -0.4 |
Manufacturing |
91.009 | 121.3 | 121.6 | -1.5 | -0.1 | -0.4 | -0.2 | 0.2 | |
Manufacturing, part 1 |
31 |
11.393 | 137.8 | 137.8 | -0.2 | -0.8 | 0.0 | 0.0 | 0.0 |
Food manufacturing |
311 |
4.173 | 184.2 | 183.9 | -1.1 | -2.1 | 0.2 | -0.2 | -0.2 |
Beverage and tobacco product manufacturing |
312 |
1.193 | 141.1 | 141.7 | 4.8 | 0.1 | -0.3 | 0.1 | 0.4 |
Apparel manufacturing |
315 |
3.225 | 118.9 | 119.0 | -0.5 | -0.1 | 0.1 | 0.2 | 0.1 |
Leather and allied product manufacturing |
316 |
1.383 | 127.4 | 127.2 | 0.2 | 0.1 | 0.1 | 0.2 | -0.2 |
Manufacturing, part 2 |
32 |
19.647 | 140.6 | 142.0 | -5.0 | 0.4 | -1.5 | -1.0 | 1.0 |
Paper manufacturing |
322 |
0.975 | 122.9 | 122.3 | -4.4 | -1.8 | 1.1 | 0.9 | -0.5 |
Petroleum and coal products manufacturing |
324 |
2.915 | 134.2 | 143.7 | -13.3 | 4.9 | -8.6 | -4.6 | 7.1 |
Chemical manufacturing |
325 |
11.029 | 148.8 | 148.8 | -3.5 | -0.3 | 0.3 | -0.3 | 0.0 |
Plastics and rubber products manufacturing |
326 |
2.609 | 131.5 | 130.7 | -1.8 | -0.2 | -1.2 | -0.2 | -0.6 |
Nonmetallic mineral product manufacturing |
327 |
1.069 | 144.4 | 144.5 | 1.8 | -0.5 | -0.3 | -0.1 | 0.1 |
Manufacturing, part 3 |
33 |
59.969 | 112.2 | 112.2 | -0.6 | -0.1 | -0.2 | 0.1 | 0.0 |
Primary metal manufacturing |
331 |
4.668 | 216.4 | 217.7 | -6.6 | -1.3 | -1.5 | 1.8 | 0.6 |
Fabricated metal product manufacturing |
332 |
3.275 | 146.1 | 147.2 | -2.3 | -0.3 | -0.3 | -0.5 | 0.8 |
Machinery manufacturing |
333 |
7.761 | 131.7 | 131.8 | 2.7 | 0.1 | -0.3 | 0.1 | 0.1 |
Computer and electronic product manufacturing |
334 |
16.797 | 72.5 | 72.4 | -2.3 | 0.0 | 0.0 | 0.0 | -0.1 |
Electrical equipment, appliance, and component manufacturing |
335 |
5.960 | 126.6 | 126.6 | -0.1 | -0.2 | -0.2 | -0.5 | 0.0 |
Transportation equipment manufacturing |
336 |
13.217 | 118.0 | 117.9 | 1.5 | 0.1 | 0.3 | 0.0 | -0.1 |
Furniture and related product manufacturing |
337 |
2.018 | 128.6 | 127.7 | -1.3 | 0.2 | -0.1 | -0.4 | -0.7 |
Miscellaneous manufacturing |
339 |
6.272 | 127.9 | 128.2 | 1.3 | -0.2 | 0.1 | 0.0 | 0.2 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | NAICS | Relative import- ance Nov. 2023(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Nov. 2023 |
Dec. 2023 |
Annual | Monthly | ||||||
Dec. 2022 to Dec. 2023 |
Aug. 2023 to Sep. 2023 |
Sep. 2023 to Oct. 2023 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
|||||
Nonmanufacturing |
14.515 | 172.0 | 168.0 | -15.7 | 2.0 | -2.3 | -2.8 | -2.3 | |
Agriculture, forestry, fishing and hunting |
11 |
5.066 | 190.0 | 190.3 | -15.2 | -2.5 | -1.8 | 0.2 | 0.2 |
Crop production |
111 |
4.741 | 200.3 | 200.9 | -15.9 | -2.8 | -1.8 | 0.3 | 0.3 |
Mining |
21 |
9.449 | 107.5 | 103.6 | -16.0 | 4.4 | -2.5 | -4.4 | -3.6 |
Oil and gas extraction (Dec. 2021=100) |
211 |
8.094 | 95.0 | 91.3 | -17.0 | 5.2 | -3.1 | -5.5 | -3.9 |
Mining (except oil and gas) |
212 |
1.355 | 136.8 | 133.6 | -9.9 | -0.7 | 1.1 | 2.9 | -2.3 |
Manufacturing |
83.855 | 133.4 | 132.5 | -0.8 | 0.2 | -0.6 | -0.6 | -0.7 | |
Manufacturing, part 1 |
31 |
6.970 | 172.4 | 171.8 | -2.8 | -0.1 | -0.3 | 0.0 | -0.3 |
Food manufacturing |
311 |
5.163 | 203.6 | 202.6 | -3.2 | 0.1 | -0.5 | -0.1 | -0.5 |
Beverage and tobacco product manufacturing |
312 |
0.533 | 142.8 | 143.4 | -1.6 | 0.2 | 0.1 | 1.3 | 0.4 |
Manufacturing, part 2 |
32 |
26.087 | 135.0 | 131.7 | -4.9 | 0.7 | -1.6 | -2.1 | -2.4 |
Wood product manufacturing (Dec. 2017=100) |
321 |
0.414 | 116.8 | 117.4 | 0.6 | 1.2 | 0.4 | 0.4 | 0.5 |
Paper manufacturing |
322 |
1.543 | 142.6 | 143.4 | -8.9 | -1.3 | 3.0 | -0.8 | 0.6 |
Petroleum and coal products manufacturing |
324 |
6.669 | 151.3 | 137.0 | -11.6 | 3.1 | -6.2 | -6.1 | -9.5 |
Chemical manufacturing |
325 |
14.175 | 130.9 | 130.7 | -2.8 | -0.2 | 0.0 | -0.7 | -0.2 |
Plastics and rubber products manufacturing |
326 |
2.312 | 134.1 | 134.2 | 0.9 | 0.5 | -0.1 | -0.1 | 0.1 |
Nonmetallic mineral product manufacturing |
327 |
0.776 | 132.6 | 132.9 | -0.2 | -0.2 | 0.2 | -0.2 | 0.2 |
Manufacturing, part 3 |
33 |
50.797 | 128.8 | 129.0 | 1.7 | 0.1 | -0.2 | 0.2 | 0.2 |
Primary metal manufacturing |
331 |
4.199 | 197.0 | 198.7 | -5.1 | -0.8 | -3.4 | 3.0 | 0.9 |
Machinery manufacturing |
333 |
9.665 | 150.2 | 150.1 | 3.9 | 0.0 | 0.0 | -0.1 | -0.1 |
Computer and electronic product manufacturing |
334 |
12.901 | 83.0 | 82.9 | -1.0 | 0.1 | 0.0 | -0.1 | -0.1 |
Electrical equipment, appliance, and component manufacturing |
335 |
3.590 | 135.1 | 135.3 | 1.5 | -0.6 | 0.3 | 0.0 | 0.1 |
Transportation equipment manufacturing |
336 |
12.397 | 145.7 | 145.8 | 4.7 | 0.8 | 0.3 | 0.0 | 0.1 |
Miscellaneous manufacturing |
339 |
4.980 | 138.4 | 138.8 | 3.5 | -0.3 | 0.1 | 0.1 | 0.3 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Harmo- nized system |
Relative importance Nov. 2023(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Nov. 2023 |
Dec. 2023 |
Annual | Monthly | ||||||
Dec. 2022 to Dec. 2023 |
Aug. 2023 to Sep. 2023 |
Sep. 2023 to Oct. 2023 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
|||||
Live animals; animal products |
I |
1.485 | 222.8 | 220.6 | -2.1 | -2.1 | -2.1 | -2.8 | -1.0 |
Meat and edible meat offal |
02 |
0.396 | 313.3 | 315.3 | 4.3 | -3.3 | -0.8 | -2.7 | 0.6 |
Fish and crustaceans, molluscs and other aquatic invertebrates |
03 |
0.723 | 139.0 | 134.8 | -13.9 | -2.1 | -2.6 | -3.6 | -3.0 |
Vegetable products |
II |
2.287 | 261.6 | 263.7 | 4.0 | -0.2 | -0.4 | 3.3 | 0.8 |
Edible vegetables, roots, and tubers |
07 |
0.618 | 551.8 | 558.9 | 13.0 | 2.7 | -2.5 | 5.1 | 1.3 |
Edible fruit and nuts; peel of citrus fruit or melons |
08 |
0.831 | 131.4 | 130.7 | 3.6 | 1.2 | 1.7 | 3.8 | -0.5 |
Coffee, tea, mate and spices |
09 |
0.386 | 297.5 | 306.9 | 7.8 | -1.1 | -1.3 | 2.5 | 3.2 |
Animal or vegetable fats and oils (Dec. 2009=100) |
III |
0.384 | 147.4 | 148.3 | -2.4 | -2.3 | 1.4 | -0.3 | 0.6 |
Prepared foodstuffs, beverages, and tobacco |
IV |
3.434 | 198.0 | 198.9 | 4.1 | -0.2 | 0.1 | 0.7 | 0.5 |
Sugars and sugar confectionary (Dec. 2021=100) |
17 |
0.226 | 120.8 | 121.7 | 13.4 | 0.5 | 2.8 | 0.4 | 0.7 |
Cocoa and cocoa preparations (Dec. 2009=100) |
18 |
0.265 | 130.9 | 135.6 | 21.1 | 1.0 | 0.9 | 2.8 | 3.6 |
Miscellaneous edible preparations (Dec. 2022=100) |
21 |
0.401 | 99.5 | 99.7 | -0.3 | -0.2 | 1.3 | 0.6 | 0.2 |
Beverages, spirits, and vinegar |
22 |
1.119 | 154.2 | 154.7 | 4.6 | 0.2 | -0.3 | -0.2 | 0.3 |
Mineral products |
V |
9.405 | 294.7 | 294.2 | -9.0 | 6.4 | -4.0 | -6.3 | -0.2 |
Mineral fuels, oils and residuals, bituminous substances and mineral waxes |
27 |
9.062 | 287.8 | 287.3 | -9.5 | 6.7 | -4.3 | -6.4 | -0.2 |
Products of the chemical or allied industries |
VI |
10.525 | 170.5 | 170.4 | -2.0 | -0.1 | 0.2 | -0.2 | -0.1 |
Inorganic chemicals |
28 |
0.607 | 498.5 | 511.5 | -6.5 | 1.7 | -0.5 | 1.1 | 2.6 |
Organic chemicals |
29 |
2.373 | 143.3 | 142.0 | -1.3 | 0.6 | 0.7 | -0.5 | -0.9 |
Pharmaceutical products |
30 |
5.263 | 147.5 | 147.6 | 1.0 | 0.1 | -0.1 | 0.2 | 0.1 |
Fertilizers (Dec. 2022=100) |
31 |
0.328 | 61.1 | 61.4 | -38.6 | -10.7 | 1.4 | -3.8 | 0.5 |
Tanning extracts; dye, pigments, varnish, paints & putty (Dec. 2022=100) |
32 |
0.205 | 101.1 | 101.3 | 1.3 | 0.1 | -0.9 | -1.0 | 0.2 |
Miscellaneous chemical products |
38 |
0.804 | 116.0 | 114.7 | -4.8 | -0.2 | -0.1 | -1.6 | -1.1 |
Plastics and articles thereof; rubber and articles thereof |
VII |
4.071 | 154.0 | 153.3 | -2.7 | -0.5 | -0.5 | -0.3 | -0.5 |
Plastics and articles thereof |
39 |
2.613 | 151.5 | 150.1 | -5.7 | -0.8 | -0.9 | -0.3 | -0.9 |
Rubber and articles thereof |
40 |
1.458 | 162.0 | 162.5 | 3.0 | 0.1 | 0.3 | -0.2 | 0.3 |
Woodpulp, recovered paper, and paper products |
X |
0.966 | 128.5 | 127.9 | -4.8 | -1.8 | 1.0 | 0.5 | -0.5 |
Textile and textile articles |
XI |
4.439 | 120.5 | 120.6 | -0.3 | -0.1 | -0.1 | 0.2 | 0.1 |
Articles of apparel and clothing accessories, not knitted or crocheted |
62 |
1.215 | 126.7 | 126.7 | -0.7 | -0.2 | 0.1 | 0.1 | 0.0 |
Headgear, umbrellas, artificial flowers, etc. |
XII |
1.211 | 127.1 | 126.8 | -0.2 | 0.0 | 0.1 | 0.2 | -0.2 |
Footwear and parts of such articles |
64 |
0.981 | 124.0 | 123.7 | -0.2 | 0.0 | 0.1 | 0.2 | -0.2 |
Stone, plaster, cement, asbestos, ceramics, glass etc. |
XIII |
0.932 | 136.8 | 136.8 | 2.0 | -0.5 | -0.2 | -0.2 | 0.0 |
Articles of stone, plaster, cement, asbestos, or mica (Dec. 2020=100) |
68 |
0.341 | 101.5 | 101.3 | -0.4 | -1.0 | -0.2 | -0.2 | -0.2 |
Glass and glassware (Dec. 2021=100) |
70 |
0.328 | 107.6 | 107.8 | 7.5 | -0.3 | -0.3 | -0.1 | 0.2 |
Pearls, stones, precious metals, imitation jewelry, and coins |
XIV |
3.191 | 223.5 | 225.7 | -3.1 | -0.8 | -2.4 | 2.8 | 1.0 |
Base metals and articles of base metals |
XV |
6.092 | 226.6 | 227.4 | -4.1 | -1.0 | -0.4 | -0.4 | 0.4 |
Articles of iron or steel |
73 |
1.798 | 194.5 | 194.4 | -4.8 | -2.0 | -0.6 | -0.7 | -0.1 |
Copper and articles thereof |
74 |
0.525 | 365.5 | 374.9 | -1.4 | -3.2 | -2.4 | 1.7 | 2.6 |
Aluminum and articles thereof |
76 |
1.045 | 185.3 | 187.4 | -2.8 | 0.1 | -0.1 | -0.6 | 1.1 |
Tools, implements, cutlery, spoons and forks, of base metal; parts thereof |
82 |
0.450 | 132.0 | 132.2 | 1.8 | -0.2 | -0.2 | -0.1 | 0.2 |
Miscellaneous articles of base metal |
83 |
0.537 | 143.7 | 143.5 | -5.6 | 0.0 | -1.4 | -0.6 | -0.1 |
Machinery, electrical equipment, TV image and sound recorders, parts, etc. |
XVI |
29.977 | 82.4 | 82.3 | -0.6 | -0.1 | 0.0 | -0.1 | -0.1 |
Machinery and mechanical appliances; parts thereof |
84 |
15.277 | 89.4 | 89.3 | -0.3 | 0.0 | -0.2 | -0.1 | -0.1 |
Electrical machinery and equip, sound and TV recorders & reproducers, parts |
85 |
14.700 | 75.9 | 75.7 | -0.9 | 0.0 | 0.1 | 0.0 | -0.3 |
Vehicles, aircraft, vessels and associated transport equipment |
XVII |
10.995 | 122.6 | 122.6 | 1.2 | 0.0 | 0.3 | 0.0 | 0.0 |
Motor vehicles and their parts |
87 |
10.477 | 121.8 | 121.8 | 1.4 | 0.1 | 0.3 | 0.0 | 0.0 |
Aircraft, spacecraft, and parts thereof (Dec. 2020=100) |
88 |
0.517 | 107.2 | 107.1 | -0.7 | -0.4 | 0.0 | 0.0 | -0.1 |
Optical, photo, measuring, medical & musical instruments; & timepieces |
XVIII |
4.173 | 108.3 | 108.9 | 2.8 | 0.0 | 0.0 | -0.2 | 0.6 |
Optical, photographic, measuring and medical instruments |
90 |
3.879 | 103.9 | 104.4 | 2.5 | 0.0 | 0.0 | -0.1 | 0.5 |
Miscellaneous manufactured articles |
XX |
4.844 | 119.8 | 119.7 | -0.3 | 0.1 | -0.2 | -0.2 | -0.1 |
Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs |
94 |
2.749 | 126.8 | 126.7 | -1.0 | 0.1 | 0.0 | -0.5 | -0.1 |
Toys, games and sports equipment; parts and accessories thereof |
95 |
1.793 | 106.4 | 106.5 | 0.0 | 0.1 | -0.3 | -0.1 | 0.1 |
Miscellaneous manufactured articles |
96 |
0.302 | 147.6 | 147.6 | 6.9 | -0.1 | -0.1 | 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. 2023(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Nov. 2023 |
Dec. 2023 |
Annual | Monthly | ||||||
Dec. 2022 to Dec. 2023 |
Aug. 2023 to Sep. 2023 |
Sep. 2023 to Oct. 2023 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
|||||
Live animals; animal products |
I |
2.085 | 259.5 | 257.4 | -6.3 | 0.7 | 0.9 | -1.1 | -0.8 |
Meat & edible meat offal (Dec. 2006=100) |
02 |
1.317 | 220.8 | 220.1 | 4.0 | -0.6 | 1.6 | -1.4 | -0.3 |
Fish and crustaceans, mollusks and aquatic invertebrates (Dec. 2022=100) |
03 |
0.217 | 75.3 | 74.8 | -25.2 | -4.2 | -1.0 | -0.1 | -0.7 |
Vegetable products |
II |
4.760 | 247.9 | 248.8 | -15.3 | -2.8 | -2.3 | 0.0 | 0.4 |
Edible fruit and nuts; peel of citrus fruit or melons |
08 |
0.850 | 140.6 | 146.7 | 5.5 | 1.2 | 1.4 | 5.5 | 4.3 |
Cereals |
10 |
1.552 | 249.6 | 244.7 | -25.5 | -5.2 | 0.8 | -3.1 | -2.0 |
Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder |
12 |
1.841 | 267.3 | 267.0 | -13.4 | -3.2 | -6.4 | 1.5 | -0.1 |
Prepared foodstuffs, beverages, and tobacco |
IV |
3.063 | 186.5 | 186.6 | -0.5 | -0.2 | -0.6 | 0.5 | 0.1 |
Miscellaneous edible preparations (Dec. 2017=100) |
21 |
0.677 | 116.1 | 116.7 | 5.6 | -0.4 | -1.0 | -1.4 | 0.5 |
Beverages, spirits, and vinegar (Dec. 2008=100) |
22 |
0.471 | 107.6 | 107.6 | -0.3 | -0.6 | -0.5 | 0.0 | 0.0 |
Residues and waste from the food industries; prepared animal feed |
23 |
0.772 | 300.0 | 301.2 | -10.9 | -0.6 | -0.1 | 3.3 | 0.4 |
Mineral products |
V |
16.196 | 287.9 | 270.8 | -14.1 | 3.8 | -4.1 | -5.1 | -5.9 |
Ores, slag and ash (Dec. 2012=100) |
26 |
0.468 | 123.1 | 123.9 | -3.7 | -1.0 | 1.0 | -1.7 | 0.6 |
Mineral fuels, oils and residuals, bituminous substances and mineral waxes |
27 |
15.505 | 276.2 | 259.0 | -14.7 | 4.0 | -4.3 | -5.2 | -6.2 |
Products of the chemical or allied industries |
VI |
12.698 | 159.0 | 158.5 | -3.0 | -0.4 | -0.2 | -0.7 | -0.3 |
Pharmaceutical products |
30 |
4.493 | 107.6 | 107.8 | 2.2 | -0.5 | -0.4 | -0.1 | 0.2 |
Essential oils and resinoids; perfumery cosmetic or toilet preparations |
33 |
0.880 | 148.4 | 148.3 | 5.1 | -0.1 | 0.0 | 0.0 | -0.1 |
Soap; lubricants; waxes, polishing or scouring products; candles, pastes |
34 |
0.495 | 140.1 | 140.0 | 3.4 | -0.1 | 1.7 | -0.8 | -0.1 |
Miscellaneous chemical products |
38 |
2.333 | 192.0 | 192.1 | 4.3 | -0.2 | -0.1 | -0.3 | 0.1 |
Plastics and articles thereof; rubber and articles thereof |
VII |
4.595 | 157.3 | 156.7 | -1.0 | 0.4 | 0.3 | -0.3 | -0.4 |
Plastics and articles thereof |
39 |
3.773 | 153.7 | 152.9 | -1.8 | 0.5 | 0.0 | -0.3 | -0.5 |
Rubber and articles thereof |
40 |
0.822 | 172.6 | 173.2 | 2.7 | -0.2 | 1.8 | -0.3 | 0.3 |
Wood, wood charcoal, cork, straw, baskets and wickerwork (Dec. 2014=100) |
IX |
0.471 | 106.6 | 107.3 | -4.3 | 1.0 | -0.7 | 0.4 | 0.7 |
Woodpulp, recovered paper, and paper products |
X |
1.710 | 144.2 | 144.8 | -5.1 | -1.4 | 4.0 | -0.9 | 0.4 |
Woodpulp and recovered paper (Dec. 2019=100) |
47 |
0.504 | 149.1 | 151.6 | -9.9 | -1.5 | 11.9 | -0.5 | 1.7 |
Paper and paperboard; articles of paper pulp, paper or paperboard |
48 |
0.960 | 143.2 | 143.2 | -4.4 | -1.7 | 1.0 | -1.5 | 0.0 |
Cotton, including yarns and woven fabrics thereof |
52 |
0.479 | 160.7 | 162.4 | -10.2 | 0.4 | -0.2 | -2.4 | 1.1 |
Stone, plaster, cement, asbestos, ceramics, glass etc. |
XIII |
0.776 | 151.8 | 152.1 | 3.2 | 0.0 | 2.0 | -0.1 | 0.2 |
Glass and glassware (Dec. 2019=100) |
70 |
0.469 | 114.6 | 114.9 | 2.0 | 0.0 | 0.3 | 0.0 | 0.3 |
Pearls, stones, precious metals, imitation jewelry, and coins |
XIV |
4.553 | 308.4 | 312.2 | -1.7 | -1.0 | -2.9 | 4.0 | 1.2 |
Base metals and articles of base metals |
XV |
4.428 | 204.5 | 208.4 | -1.4 | 0.4 | -1.1 | -1.4 | 1.9 |
Copper and articles thereof |
74 |
0.568 | 249.9 | 256.3 | -5.2 | -0.3 | -4.3 | -0.5 | 2.6 |
Aluminum and articles thereof |
76 |
0.673 | 143.5 | 144.5 | -0.8 | -1.3 | 2.7 | 0.0 | 0.7 |
Miscellaneous articles of base metal (Dec. 2022=100) |
83 |
0.331 | 104.8 | 104.7 | 4.7 | 0.0 | 1.7 | 0.0 | -0.1 |
Machinery, electrical equipment, TV image and sound recorders, parts, etc. |
XVI |
26.210 | 106.6 | 106.5 | 1.8 | 0.1 | 0.0 | -0.1 | -0.1 |
Machinery and mechanical appliances; parts thereof |
84 |
15.295 | 130.9 | 130.6 | 4.1 | 0.1 | 0.2 | -0.1 | -0.2 |
Electrical machinery and equipment and parts and accessories thereof |
85 |
10.915 | 81.3 | 81.5 | -1.0 | 0.2 | -0.2 | -0.1 | 0.2 |
Vehicles, aircraft, vessels and associated transport equipment |
XVII |
9.311 | 152.5 | 152.7 | 2.8 | 1.0 | 0.2 | 0.0 | 0.1 |
Motor vehicles and their parts |
87 |
7.042 | 127.4 | 127.5 | 2.2 | 1.1 | 0.3 | 0.0 | 0.1 |
Optical, photo, measuring, medical & musical instruments; & timepieces |
XVIII |
5.721 | 118.4 | 118.6 | 3.9 | 0.0 | 0.1 | 0.0 | 0.2 |
Miscellaneous manufactured articles |
XX |
1.206 | 134.2 | 134.4 | 0.1 | -0.3 | 0.1 | -0.6 | 0.1 |
Furniture; stuffed furnishings; lamps and lighting fittings nesoi |
94 |
0.579 | 147.8 | 147.8 | -0.7 | -0.6 | 0.0 | 0.0 | 0.0 |
Toys, games and sports equipment; parts and accessories thereof |
95 |
0.494 | 117.8 | 118.3 | 3.7 | 0.1 | 0.1 | -0.2 | 0.4 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Nov. 2023(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Nov. 2023 |
Dec. 2023 |
Annual | Monthly | |||||
Dec. 2022 to Dec. 2023 |
Aug. 2023 to Sep. 2023 |
Sep. 2023 to Oct. 2023 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
||||
Industrialized Countries(2) |
100.000 | 144.6 | 144.2 | -1.7 | 0.3 | -0.6 | -1.0 | -0.3 |
Nonmanufacturing |
11.477 | 257.5 | 249.0 | -5.8 | 6.1 | -3.0 | -5.9 | -3.3 |
Manufacturing |
88.078 | 135.6 | 135.7 | -1.2 | -0.3 | -0.4 | -0.2 | 0.1 |
Canada |
100.000 | 172.8 | 170.5 | -6.0 | 1.4 | -1.3 | -2.8 | -1.3 |
Nonmanufacturing |
32.427 | 253.5 | 244.4 | -6.7 | 6.4 | -3.2 | -6.0 | -3.6 |
Manufacturing |
66.729 | 154.6 | 154.2 | -5.7 | -0.8 | -0.4 | -1.1 | -0.3 |
European Union |
100.000 | 154.7 | 155.2 | 1.4 | -0.4 | -0.4 | -0.3 | 0.3 |
Manufacturing |
99.165 | 150.4 | 150.9 | 1.5 | -0.4 | -0.5 | -0.3 | 0.3 |
France (Dec. 2003=100) |
100.000 | 150.2 | 150.6 | 5.8 | -0.7 | -0.7 | -0.1 | 0.3 |
Germany (Dec. 2003=100) |
100.000 | 123.1 | 123.5 | -2.1 | -0.6 | -0.9 | 0.2 | 0.3 |
United Kingdom (Dec. 2003=100) |
100.000 | 136.6 | 136.3 | 1.0 | 0.9 | -0.4 | -0.3 | -0.2 |
Latin America(3) |
100.000 | 171.5 | 172.7 | 2.6 | 0.9 | -0.2 | 0.0 | 0.7 |
Nonmanufacturing |
14.650 | 341.4 | 337.7 | 4.8 | 4.5 | -0.9 | -1.6 | -1.1 |
Manufacturing |
85.037 | 137.7 | 139.1 | 2.4 | 0.3 | 0.0 | 0.2 | 1.0 |
Mexico (Dec. 2003=100) |
100.000 | 146.0 | 146.1 | 3.6 | 0.1 | -0.4 | -0.1 | 0.1 |
Nonmanufacturing (Dec. 2008=100) |
9.087 | 175.4 | 172.4 | 13.7 | -1.5 | -3.6 | -2.9 | -1.7 |
Manufacturing (Dec. 2008=100) |
90.606 | 99.6 | 99.8 | 2.7 | 0.3 | -0.1 | 0.3 | 0.2 |
Pacific Rim (Dec. 2003=100)(4) |
100.000 | 102.4 | 102.2 | -2.0 | 0.0 | -0.1 | -0.3 | -0.2 |
China (Dec. 2003=100) |
100.000 | 101.2 | 101.1 | -3.0 | -0.2 | -0.1 | -0.2 | -0.1 |
Japan |
100.000 | 101.6 | 101.5 | 0.4 | 0.1 | 0.1 | 0.1 | -0.1 |
Taiwan (Dec. 2018=100) |
100.000 | 109.5 | 109.0 | -2.0 | -0.1 | 0.3 | -0.3 | -0.5 |
Asian NICs(5) |
100.000 | 95.3 | 94.7 | -2.7 | 0.0 | -0.2 | -0.4 | -0.6 |
ASEAN (Dec. 2003=100)(6) |
100.000 | 100.7 | 100.2 | -3.0 | -0.1 | 0.0 | -0.5 | -0.5 |
Asia Near East (Dec. 2003=100)(7) |
100.000 | 215.4 | 208.1 | -7.7 | 1.1 | -0.9 | -3.8 | -3.4 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Nov. 2023(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Nov. 2023 |
Dec. 2023 |
Annual | Monthly | |||||
Dec. 2022 to Dec. 2023 |
Aug. 2023 to Sep. 2023 |
Sep. 2023 to Oct. 2023 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
||||
Industrialized Countries(2) |
100.000 | 119.4 | 119.2 | -0.5 | 0.6 | -0.7 | -0.7 | -0.2 |
Nonmanufacturing |
12.506 | 137.2 | 132.9 | -8.3 | 3.1 | -1.7 | -5.7 | -3.1 |
Manufacturing |
85.708 | 117.6 | 117.8 | 0.7 | 0.3 | -0.5 | 0.0 | 0.2 |
Canada |
100.000 | 127.9 | 127.9 | -1.0 | 0.6 | -0.3 | -0.5 | 0.0 |
Nonmanufacturing (Dec. 2020=100) |
7.786 | 136.5 | 133.4 | -18.4 | 2.0 | -0.5 | -1.7 | -2.3 |
Manufacturing (Dec. 2020=100) |
90.460 | 119.5 | 119.7 | 0.6 | 0.6 | -0.2 | -0.5 | 0.2 |
European Union |
100.000 | 116.8 | 116.5 | -0.6 | 0.9 | -0.8 | -1.5 | -0.3 |
Nonmanufacturing |
15.504 | 137.0 | 133.5 | -4.0 | 7.0 | -4.5 | -7.4 | -2.6 |
Manufacturing |
82.818 | 113.3 | 113.3 | 0.3 | -0.3 | 0.0 | -0.3 | 0.0 |
Germany |
100.000 | 117.2 | 117.3 | 3.3 | 0.0 | -1.0 | 0.4 | 0.1 |
Latin America(3) |
100.000 | 122.6 | 119.9 | -5.7 | 1.0 | -1.3 | -1.8 | -2.2 |
Nonmanufacturing |
9.062 | 137.1 | 134.0 | -28.0 | 0.4 | 1.7 | -3.5 | -2.3 |
Manufacturing |
90.351 | 121.9 | 119.2 | -2.5 | 1.0 | -1.6 | -1.6 | -2.2 |
Mexico |
100.000 | 122.6 | 120.8 | -4.1 | 0.2 | -0.8 | -1.8 | -1.5 |
Nonmanufacturing |
8.028 | 120.8 | 117.4 | -32.8 | -0.9 | 4.9 | -3.4 | -2.8 |
Manufacturing |
91.344 | 123.7 | 122.0 | -0.6 | 0.3 | -1.3 | -1.8 | -1.4 |
Pacific Rim(4) |
100.000 | 112.0 | 111.4 | -3.6 | 0.3 | -0.6 | -1.1 | -0.5 |
Nonmanufacturing |
20.493 | 115.6 | 112.6 | -12.8 | 1.1 | -2.0 | -5.2 | -2.6 |
Manufacturing |
78.354 | 112.8 | 112.7 | -0.4 | 0.0 | -0.1 | 0.0 | -0.1 |
China |
100.000 | 107.5 | 106.8 | -3.1 | 0.6 | -0.5 | -1.0 | -0.7 |
Nonmanufacturing |
27.089 | 106.8 | 103.8 | -9.4 | 0.7 | -2.2 | -2.7 | -2.8 |
Manufacturing |
71.822 | 110.2 | 110.2 | -0.7 | 0.5 | 0.4 | -0.4 | 0.0 |
Japan |
100.000 | 108.6 | 106.7 | -9.5 | -0.2 | 0.4 | -1.8 | -1.7 |
Nonmanufacturing |
23.591 | 114.9 | 109.8 | -20.5 | -1.4 | 3.0 | -5.6 | -4.4 |
Manufacturing |
75.363 | 107.3 | 106.3 | -4.7 | 0.3 | -0.5 | -0.6 | -0.9 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Index | Percent change | |||||
---|---|---|---|---|---|---|---|
Nov. 2023 |
Dec. 2023 |
Annual | Monthly | ||||
Dec. 2022 to Dec. 2023 |
Aug. 2023 to Sep. 2023 |
Sep. 2023 to Oct. 2023 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
|||
Industrialized Countries(2) |
101.1 | 101.2 | 1.2 | 0.2 | -0.1 | 0.3 | 0.1 |
Canada |
97.3 | 98.6 | 5.3 | -0.8 | 1.1 | 2.4 | 1.3 |
European Union |
101.6 | 101.0 | -1.9 | 1.4 | -0.3 | -1.3 | -0.6 |
Germany |
109.6 | 109.3 | 5.5 | 0.6 | -0.1 | 0.3 | -0.3 |
Latin America(3) |
106.4 | 103.4 | -8.0 | 0.0 | -1.1 | -1.8 | -2.8 |
Mexico |
108.3 | 106.7 | -7.5 | 0.1 | -0.4 | -1.8 | -1.5 |
Pacific Rim(4) |
107.6 | 107.3 | -1.6 | 0.3 | -0.5 | -0.8 | -0.3 |
China |
106.3 | 105.7 | -0.2 | 0.8 | -0.4 | -0.8 | -0.6 |
Japan |
102.1 | 100.4 | -9.9 | -0.3 | 0.3 | -1.9 | -1.7 |
Footnotes |
|||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Nov. 2023(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Nov. 2023 |
Dec. 2023 |
Annual | Monthly | |||||
Dec. 2022 to Dec. 2023 |
Aug. 2023 to Sep. 2023 |
Sep. 2023 to Oct. 2023 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
||||
Air Freight |
||||||||
Import Air Freight |
100.000 | 239.9 | 271.7 | -4.6 | 4.1 | -0.6 | 4.5 | 13.3 |
Europe (Dec. 2003=100) |
22.581 | 178.9 | 183.1 | -30.6 | -7.7 | -0.3 | -3.3 | 2.3 |
Asia |
76.981 | 248.0 | 290.5 | 6.5 | 9.1 | -0.4 | 7.4 | 17.1 |
Export Air Freight |
100.000 | 169.5 | 170.1 | -12.9 | 1.0 | -5.2 | -0.5 | 0.4 |
Europe (Dec. 2006=100) |
25.318 | 133.1 | 134.9 | -15.8 | 1.1 | -5.8 | -2.1 | 1.4 |
Asia (Dec. 2011=100) |
53.298 | 134.0 | 135.4 | -10.5 | 0.8 | -6.9 | 0.8 | 1.0 |
Inbound Air Freight |
100.000 | 173.6 | 185.7 | -5.2 | 3.7 | 0.5 | 3.5 | 7.0 |
Europe (Dec. 2003=100) |
25.759 | 143.6 | 149.7 | -14.2 | -6.4 | -3.0 | -0.6 | 4.2 |
Asia |
63.444 | 168.7 | 185.4 | 0.9 | 10.1 | 0.0 | 7.4 | 9.9 |
Outbound Air Freight |
100.000 | 169.5 | 169.8 | -16.6 | 8.0 | 0.4 | -6.4 | 0.2 |
Europe (Dec. 2003=100) |
29.204 | 165.6 | 167.1 | -14.2 | 0.9 | -2.6 | -2.1 | 0.9 |
Asia |
54.161 | 184.2 | 185.5 | -18.9 | 13.0 | 3.2 | -9.9 | 0.7 |
Air Passenger Fares |
||||||||
Import Air Passenger Fares |
100.000 | 177.5 | 189.7 | -4.2 | 9.9 | 2.5 | -0.4 | 6.9 |
Europe |
43.207 | 189.7 | 192.8 | -0.9 | 17.7 | -0.8 | -7.6 | 1.6 |
Asia |
5.876 | 177.8 | 198.0 | -4.0 | 3.1 | 3.8 | 0.2 | 11.4 |
Latin America/Caribbean |
16.175 | 157.9 | 172.5 | -11.0 | -2.8 | 8.2 | 5.3 | 9.2 |
Export Air Passenger Fares |
100.000 | 181.0 | 174.9 | -5.3 | -4.5 | -0.6 | 1.3 | -3.4 |
Europe |
19.911 | 210.4 | 199.7 | -4.3 | 0.8 | -3.8 | -8.0 | -5.1 |
Asia |
12.034 | 198.8 | 191.2 | -5.8 | -10.8 | -2.9 | 2.6 | -3.8 |
Latin America/Caribbean |
54.371 | 183.6 | 175.4 | -7.1 | -4.3 | 0.5 | 4.9 | -4.5 |
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. 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. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.