U.S. Import and Export Price Indexes News Release

Transmission of material in this release is embargoed until					USDL-25-0177
8:30 a.m. (ET) Friday, February 14, 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 - JANUARY 2025

Prices for U.S. imports increased 0.3 percent in January, after advancing 0.2 percent in December, the U.S. 
Bureau of Labor Statistics reported today. Higher fuel and nonfuel prices in January contributed to the 
overall increase in import prices. U.S. export prices rose 1.3 percent in January following a 0.5-percent 
advance the previous month.


Imports 

The price index for U.S. imports advanced 0.3 percent in January, the largest 1-month rise since the index 
increased 0.9 percent in April 2024. Prices for U.S. imports advanced 1.9 percent from January 2024 to 
January 2025. (See table 1.)

Fuel Imports: Import fuel prices rose 3.2 percent in January, after increasing 1.7 percent in December. The 
January advance was the largest monthly rise since April 2024. Higher prices for petroleum and natural gas 
contributed to the overall increase in import fuel prices in January. Prices for import fuel rose 2.4 percent for 
the year ended in January. Petroleum import prices advanced 2.9 percent in January, the largest 1-month rise 
since April 2024. Prices for import petroleum increased 2.3 percent over the past year, the largest 12-month 
advance since the year ended July 2024. The price index for import natural gas rose 13.4 percent in January 
following a 173.1-percent increase over the final quarter of 2024. Natural gas prices advanced 12.9 percent 
from January 2024 to January 2025, the first over-the-year increase since the index rose 80.5 percent for the 
year ended January 2023. 

All Imports Excluding Fuel: Prices for nonfuel imports ticked up 0.1 percent for the third consecutive 
month in January. Nonfuel import prices have not declined on a monthly basis since a 0.2-percent drop in 
May 2024. Higher prices for nonfuel industrial supplies and materials; capital goods; and foods, feeds, and 
beverages in January more than offset lower prices for automotive vehicles and consumer goods. The price 
index for nonfuel imports advanced 1.8 percent for the year ended in January.           

Foods, Feeds, and Beverages: Foods, feeds, and beverages prices increased 0.2 percent in January, after 
advancing 3.0 percent the previous month. Higher prices in January for fish and shellfish, fruit, food oils, 
and bakery and confectionery products more than offset lower vegetable prices.   

Nonfuel Industrial Supplies and Materials: The price index for nonfuel industrial supplies and materials 
rose 0.6 percent in January following a 0.2-percent decrease in December. The January increase in nonfuel 
industrial supplies and materials prices was driven by a 17.0-percent advance in other agricultural products 
prices.  

Finished Goods: Prices for the major finished goods import categories were mixed in January. Capital 
goods prices ticked up 0.1 percent, after declining 0.2 percent in each of the 2 previous months. Higher 
prices for civilian aircraft, engines, and parts drove the advance. In contrast, automotive vehicles prices fell 
0.4 percent in January, the largest monthly decline since January 2017. Lower passenger cars prices led the 
January decrease. The price index for import consumer goods fell 0.2 percent in January, the largest 1-
month drop since June 2024. Lower prices for medicinal, dental, and pharmaceutical preparatory materials 
drove the decline in consumer goods prices.  

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
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)-1.0	0.2	1.0	(r)2.1	0.9
November	0.1	(r)1.1	0.1	0.0	(r)0.2	0.0
December	(r)0.2	(r)1.7	0.1	(r)0.5	(r)0.7	(r)0.4
2025
January	0.3	3.2	0.1	1.3	-0.2	1.5
Jan. 2023 to 2024	-1.3	-10.6	-0.3	-2.4	-9.3	-1.5
Jan. 2024 to 2025	1.9	2.4	1.8	2.7	0.5	2.9
Footnotes (r) Revised

Exports 

Prices for U.S. exports rose 1.3 percent in January, the largest monthly increase since the index advanced 
2.7 percent in May 2022. Higher nonagricultural export prices in January more than offset lower agricultural 
export prices. U.S. export prices have not declined on a 1-month basis since September 2024. The price 
index for U.S. exports increased 2.7 percent over the past year, the largest 12-month advance since the year 
ended December 2022. (See table 2.)

Agricultural Exports: Agricultural export prices declined 0.2 percent in January following a 0.7-percent 
increase the previous month. Lower prices for nuts, meat, fruit, and vegetables in January more than offset 
higher corn prices. Despite the January decrease, prices for export agricultural goods increased 0.5 percent 
over the past 12 months, the first over-the-year advance since February 2023.               

All Exports Excluding Agriculture: The price index for nonagricultural exports rose 1.5 percent in 
January, after increasing 0.4 percent in December. The January advance was the largest monthly rise since 
August 2023. Higher prices in January for nonagricultural industrial supplies and materials, capital goods, 
consumer goods, and nonagricultural foods more than offset lower prices for automotive vehicles. Prices for 
nonagricultural exports increased 2.9 percent over the past 12 months, the largest over-the-year advance 
since December 2022.    

Nonagricultural Industrial Supplies and Materials: Nonagricultural industrial supplies and materials prices 
increased 3.5 percent in January following a 1.0-percent rise the previous month. The January advance was 
the largest 1-month increase since a 3.9-percent rise in August 2023. The January increase was led by a 7.0-
percent advance in fuel prices.  

Finished Goods: Prices for the major finished goods export categories were mixed in January. Capital goods 
prices rose 0.2 percent following a 0.1-percent increase the previous month. Export consumer goods prices 
advanced 0.3 percent in January, after edging down 0.1 percent in December. The January increase was led 
by higher prices for medicinal, dental, and pharmaceutical preparatory materials. Prices for automotive 
vehicles fell 0.2 percent in January, after rising 0.2 percent in December. The January decline was the first 
monthly decrease since April 2023 and was driven by lower parts prices.

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: Prices for imports from China rose 0.3 percent in January, after edging 
down 0.1 percent in December. The January advance was the first 1-month increase since a 0.4-percent rise 
in October 2022. Higher prices for communications equipment manufacturing in January led the advance. 
Import prices from China were unchanged over the past 12 months. The price index for imports from Japan 
increased 0.4 percent in January following 0.2-percent declines in each of the 2 previous months. Prices for 
imports from Japan fell 1.1 percent over the past 12 months, the largest over-the-year decline since 
December 2017. Import prices from Canada rose 1.8 percent in January, after advancing 1.1 percent the 
previous month. In contrast, the price indexes for imports from the European Union and Mexico declined in 
January, decreasing 0.7 percent and 0.3 percent, respectively. (See table 7.)

Exports by Locality of Destination: Export prices to China rose 0.8 percent in January, after edging down 
0.1 percent in each of the 2 previous months. Prices for exports to China advanced 1.7 percent over the past 
year, the largest 12-month increase since October 2022. The price index for exports to Japan rose 1.2 
percent in January following a 1.2-percent drop in December. Export prices to Japan advanced 3.2 percent 
over the past 12 months. Prices for exports to Canada increased 1.2 percent in January, the largest monthly 
rise since May 2022. The price index for exports to Canada advanced 2.8 percent for the year ended in 
January. The price indexes for exports to the European Union and Mexico each rose in January, increasing 
1.6 percent and 1.5 percent, respectively. (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 rose 0.6 
percent in January, after being unchanged in December. Higher export prices to China in January more than 
offset higher import prices from China. The index for U.S. terms of trade with China increased 1.7 percent 
over the past 12 months, the largest over-the-year advance since September 2022. U.S. terms of trade with 
Japan advanced 0.8 percent in January following a 1.0-percent decline in December. U.S. terms of trade 
with Japan rose 4.3 percent for the year ended in January. The index for U.S. terms of trade with Canada fell 
0.6 percent in January, after declining 0.5 percent in December. U.S. terms of trade with the European 
Union and Mexico rose 2.4 percent and 1.8 percent, respectively, in January. (See table 9.)

Import and Export Services

Imports: Import air passenger fares fell 12.8 percent in January, after advancing 10.6 percent the previous 
month. The January decrease was the largest monthly decline since the index fell 14.1 percent in August 
2023. Lower European, Asian, and Latin American/Caribbean fares in January contributed to the decline in 
import air passenger fares. The index for import air passenger fares decreased 6.2 percent for the year ended 
in January, the largest drop since August 2023. Prices for import air freight declined 2.6 percent in January 
following a 0.9-percent drop in December. Lower Asian and European air freight prices contributed to the 
January decrease. Despite the recent declines, import air freight prices rose 17.5 percent from January 2024 
to January 2025. (See table 10.)

Exports: Export air passenger fares advanced 12.8 percent in January, after a 0.2-percent increase in 
December. The January rise was the largest advance since the index increased 14.5 percent in November 
2020. Higher prices in January for Latin American/Caribbean, Asian, and European fares contributed to the 
overall advance. Export air passenger fares rose 3.6 percent over the past 12 months, the largest over-the-
year increase since June 2023. Prices for export air freight advanced 4.7 percent in January following a 6.0-
percent decline the previous month. Export air freight prices rose 5.5 percent over the past year.

U.S. Import and Export Price Index data for February 2025 are scheduled for release on Tuesday, 
March 18, 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. 
________________________________________________________________________________________________________________

Table 1. U.S. import price indexes and percent changes for End Use categories of goods: January 2024 to January 2025 [2000=100, unless otherwise noted]

Description	End Use	Relative import- ance Dec. 2024(1)	Index		Percent change
			Dec. 2024	Jan. 2025	Annual	Monthly
					Jan. 2024 to Jan. 2025	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024	Nov. 2024 to Dec. 2024	Dec. 2024 to Jan. 2025
All commodities		100.000	141.6	142.0	1.9	0.1	0.1	0.2	0.3
All imports excluding food and fuels (Dec. 2010=100)		84.188	109.4	109.4	1.2	0.3	-0.1	-0.1	0.0
All imports excluding petroleum		92.251	126.0	126.1	1.8	0.2	0.2	0.2	0.1
All imports excluding fuels (Dec. 2001=100)		91.656	129.9	130.0	1.8	0.2	0.1	0.1	0.1
Foods, feeds, & beverages	0	7.467	235.5	236.0	8.4	-0.6	1.6	3.0	0.2
Agricultural foods, feeds & beverages, excluding distilled beverages	00	6.197	267.2	265.8	7.9	-0.8	2.0	3.2	-0.5
Nonagricultural foods (fish, distilled beverages)	01	1.270	158.2	164.3	10.6	0.5	-0.2	1.5	3.9
Industrial supplies & materials	1	22.537	243.2	247.0	4.6	0.4	0.2	0.4	1.6
Industrial supplies & materials excluding petroleum		14.838	207.5	209.3	5.6	1.3	0.1	0.4	0.9
Industrial supplies & materials excluding fuels (Dec. 2001=100)		14.159	232.3	233.6	5.6	1.1	-0.1	-0.2	0.6
Industrial supplies & materials, durable		9.219	228.8	227.6	6.1	1.7	0.0	-0.6	-0.5
Industrial supplies & materials nondurable excluding petroleum		5.568	182.5	188.2	4.8	0.7	0.3	2.1	3.1
Fuels & lubricants	10	8.344	266.9	275.5	2.4	-1.0	1.1	1.7	3.2
Petroleum & petroleum products	100	7.749	285.5	293.8	2.3	-1.5	0.6	0.6	2.9
Crude petroleum	10000	5.365	289.2	304.2	4.6	0.0	-1.7	1.0	5.2
Fuels, n.e.s.-coals & gas	101	0.398	170.5	187.9	5.9	16.3	15.0	31.5	10.2
Natural gas	10110	0.279	156.2	177.1	12.9	39.3	34.5	45.7	13.4
Paper & paper base stocks	11	0.448	139.1	136.4	-2.2	0.4	-2.3	-0.1	-1.9
Materials associated with nondurable supplies & materials	12	4.525	198.8	204.9	5.6	0.1	-0.3	0.6	3.1
Unfinished metals related to durable goods	14	3.498	335.0	332.9	5.4	3.3	-0.9	-1.6	-0.6
Finished metals related to durable goods	15	2.613	241.1	239.3	11.4	1.6	0.4	-0.6	-0.7
Capital goods	2	28.815	93.6	93.7	0.2	0.1	-0.2	-0.2	0.1
Nonelectrical machinery	21	22.208	84.3	84.2	0.1	0.1	-0.2	-0.2	-0.1
Transportation equipment excluding motor vehicles (Dec. 2001=100)	22	1.951	158.4	160.2	3.1	0.3	0.1	0.2	1.1
Automotive vehicles, parts & engines	3	15.813	121.9	121.4	1.2	0.2	-0.2	-0.1	-0.4
Automotive vehicles, parts and engines, 2 digit (Dec. 2023=100)	30	15.813	102.3	102.0	1.2	0.3	-0.1	-0.2	-0.3
Consumer goods, excluding automotives	4	25.368	110.8	110.6	0.0	0.1	0.0	0.0	-0.2
Nondurables, manufactured	40	13.112	128.0	127.1	-0.5	-0.2	0.2	0.0	-0.7
Durables, manufactured	41	11.390	94.9	94.9	0.4	0.3	0.0	-0.2	0.0
Nonmanufactured consumer goods	42	0.866	120.7	126.8	2.4	0.5	-1.0	2.5	5.1
Footnotes (1) Relative importance figures are based on 2023 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 2. U.S. export price indexes and percent changes for End Use categories of goods: January 2024 to January 2025 [2000=100, unless otherwise noted]

Description	End Use	Relative import- ance Dec. 2024(1)	Index		Percent change
			Dec. 2024	Jan. 2025	Annual	Monthly
					Jan. 2024 to Jan. 2025	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024	Nov. 2024 to Dec. 2024	Dec. 2024 to Jan. 2025
All commodities		100.000	149.5	151.5	2.7	1.0	0.0	0.5	1.3
Agricultural commodities		8.720	229.0	228.6	0.5	2.1	0.2	0.7	-0.2
All exports excluding food and fuels (Dec. 2010=100)		75.397	117.5	117.8	3.1	0.7	0.1	-0.1	0.3
All exports excluding fuels (June 2022=100)		83.563	101.5	101.8	2.9	0.8	0.1	-0.1	0.3
Nonagricultural commodities		91.280	143.3	145.4	2.9	0.9	0.0	0.4	1.5
Foods, feeds, & beverages	0	8.166	233.7	233.7	2.0	2.2	0.0	1.0	0.0
Agricultural foods, feeds & beverages, excluding distilled beverages	00	7.718	235.2	235.1	1.6	2.2	-0.1	1.0	0.0
Nonagricultural foods (fish, distilled beverages)	01	0.448	203.1	205.6	9.1	1.8	1.2	0.0	1.2
Industrial supplies & materials	1	37.855	199.3	206.0	4.6	1.8	-0.1	1.0	3.4
Industrial supplies & materials excluding fuels (Dec. 2020=100)		21.344	122.1	122.7	6.9	1.4	0.2	-0.2	0.5
Industrial supplies & materials, durable		10.821	227.8	229.7	9.1	2.8	0.4	-1.4	0.8
Industrial supplies & materials, nondurable		27.035	186.1	194.2	2.7	1.3	-0.3	2.0	4.4
Agricultural industrial supplies & materials	10	0.978	197.2	195.1	-7.3	1.6	2.2	-1.8	-1.1
Nonagricultural industrial supplies & materials		36.877	199.4	206.3	4.9	1.8	-0.1	1.0	3.5
Fuels & lubricants	11	16.437	224.5	240.3	1.0	2.3	-0.3	2.8	7.0
Nonagricultural supplies & materials excluding fuels & building materials	12	19.680	205.2	206.2	7.8	1.5	0.0	-0.1	0.5
Selected building materials	13	0.760	153.4	155.7	4.9	0.1	0.2	0.5	1.5
Capital goods	2	31.812	124.1	124.4	1.8	0.4	0.0	0.1	0.2
Nonelectrical machinery	21	21.962	103.1	103.4	1.3	0.5	0.0	-0.1	0.3
Transportation equipment excluding motor vehicles (Dec. 2001=100)	22	6.193	222.1	223.5	3.0	0.4	0.1	0.1	0.6
Automotive vehicles, parts & engines	3	9.314	130.5	130.3	2.1	0.5	0.1	0.2	-0.2
Vehicles-passenger (Dec. 2023=100)	30	9.314	102.7	102.5	2.1	0.5	0.1	0.2	-0.2
Consumer goods, excluding automotives	4	12.853	117.9	118.2	0.6	-0.1	0.0	-0.1	0.3
Nondurables, manufactured	40	7.130	107.7	109.0	1.3	0.0	-0.2	-0.2	1.2
Durables, manufactured	41	4.671	121.9	121.9	1.6	-0.1	0.2	0.0	0.0
Nonmanufactured consumer goods (Dec. 2018=100)	42	1.052	122.1	116.8	-8.1	0.0	0.0	0.0	-4.3
Footnotes (1) Relative importance figures are based on 2023 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 3. U.S. import price indexes and percent changes for NAICS industries: January 2024 to January 2025 [December 2005=100, unless otherwise noted]

Description	NAICS	Relative import- ance Dec. 2024(1)	Index		Percent change
			Dec. 2024	Jan. 2025	Annual	Monthly
					Jan. 2024 to Jan. 2025	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024	Nov. 2024 to Dec. 2024	Dec. 2024 to Jan. 2025
Nonmanufacturing		8.297	151.7	158.3	8.8	0.3	0.1	4.7	4.4
Agriculture, forestry, fishing and hunting	11	2.445	270.1	274.6	15.7	-0.7	1.9	7.8	1.7
Crop production	111	2.116	289.0	292.1	15.3	-1.5	3.2	9.3	1.1
Animal production (Dec. 2022=100)	112	0.226	122.8	133.5	23.4	1.9	-7.1	1.4	8.7
Mining	21	5.851	136.0	143.5	6.0	0.7	-0.7	3.3	5.5
Oil and gas extraction	211	5.636	133.5	141.2	5.5	0.7	-0.6	3.3	5.8
Mining (except oil and gas) (Dec. 2022=100)	212	0.215	120.8	120.3	15.6	0.2	-2.9	2.2	-0.4
Manufacturing		91.434	123.2	122.9	0.9	0.1	0.2	-0.1	-0.2
Manufacturing, part 1	31	10.709	142.0	143.0	3.7	-0.1	0.6	0.6	0.7
Food manufacturing	311	4.518	200.7	205.3	11.4	-0.2	1.6	1.6	2.3
Beverage and tobacco product manufacturing	312	1.086	143.7	141.8	0.4	0.1	-0.1	0.2	-1.3
Textile mills (Dec. 2023=100)	313	0.294	102.3	101.5	1.4	0.0	0.0	-0.3	-0.8
Textile product mills (Dec. 2023=100)	314	0.759	99.7	99.8	-0.3	0.1	0.0	-0.1	0.1
Apparel manufacturing	315	2.775	118.8	118.2	-0.8	-0.1	0.1	0.0	-0.5
Manufacturing, part 2	32	19.068	141.6	140.4	-1.1	-0.7	0.7	-0.1	-0.8
Paper manufacturing	322	0.798	120.4	118.5	-3.0	0.2	-1.3	-0.1	-1.6
Petroleum and coal products manufacturing	324	2.245	129.5	125.5	-5.1	-4.5	6.7	-2.3	-3.1
Chemical manufacturing	325	11.667	150.9	150.2	-1.1	-0.4	-0.1	0.0	-0.5
Plastics and rubber products manufacturing	326	2.410	131.1	130.7	0.2	-0.2	-0.2	-0.5	-0.3
Nonmetallic mineral product manufacturing	327	0.984	145.7	145.2	0.2	0.0	0.1	0.4	-0.3
Manufacturing, part 3	33	61.657	113.9	113.8	1.2	0.4	-0.2	-0.3	-0.1
Primary metal manufacturing	331	4.814	244.0	242.3	10.3	3.4	-0.1	-1.0	-0.7
Fabricated metal product manufacturing	332	3.018	145.6	145.3	0.3	0.1	-0.3	-0.3	-0.2
Machinery manufacturing	333	8.117	132.1	132.5	0.5	0.1	-0.2	-0.2	0.3
Computer and electronic product manufacturing	334	15.638	72.5	72.5	0.4	0.1	0.1	-0.1	0.0
Electrical equipment, appliance, and component manufacturing	335	6.642	123.6	123.9	-2.4	-0.1	-0.9	-0.4	0.2
Transportation equipment manufacturing	336	16.450	120.9	120.6	1.3	0.2	-0.1	-0.1	-0.2
Furniture and related product manufacturing	337	1.520	129.1	129.7	1.2	0.5	0.0	-0.2	0.5
Miscellaneous manufacturing	339	5.457	131.0	130.0	0.9	0.5	0.0	-0.5	-0.8
Footnotes (1) Relative importance figures are based on 2023 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 4. U.S. export price indexes and percent changes for NAICS industries: January 2024 to January 2025 [December 2005=100, unless otherwise noted]

Description	NAICS	Relative import- ance Dec. 2024(1)	Index		Percent change
			Dec. 2024	Jan. 2025	Annual	Monthly
					Jan. 2024 to Jan. 2025	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024	Nov. 2024 to Dec. 2024	Dec. 2024 to Jan. 2025
Nonmanufacturing		14.787	169.6	178.7	2.1	2.3	-0.1	5.0	5.4
Agriculture, forestry, fishing and hunting	11	3.937	179.7	180.0	-3.5	3.7	-0.6	1.9	0.2
Crop production	111	3.793	190.2	190.9	-2.9	3.9	-0.3	2.2	0.4
Mining	21	10.850	107.9	115.8	4.2	1.5	0.2	6.3	7.3
Oil and gas extraction (Dec. 2021=100)	211	9.660	96.8	105.0	6.2	1.8	0.4	7.9	8.5
Mining (except oil and gas)	212	1.190	124.7	121.6	-9.9	0.5	-2.0	-3.3	-2.5
Manufacturing		83.695	135.3	136.2	2.4	0.7	0.0	-0.2	0.7
Manufacturing, part 1	31	6.110	171.9	171.6	0.9	0.5	0.4	-0.8	-0.2
Food manufacturing	311	4.473	205.2	204.5	2.3	0.6	0.5	-1.1	-0.3
Beverage and tobacco product manufacturing	312	0.470	132.6	132.7	-6.9	0.8	0.2	0.0	0.1
Manufacturing, part 2	32	25.089	131.9	134.6	1.8	0.8	-0.5	-0.3	2.0
Wood product manufacturing (Dec. 2017=100)	321	0.459	126.8	127.3	6.8	0.4	0.6	0.6	0.4
Petroleum and coal products manufacturing	324	5.223	125.7	135.3	-3.6	3.9	-1.4	-3.2	7.6
Chemical manufacturing	325	14.965	133.7	134.7	3.5	-0.1	-0.3	0.6	0.7
Plastics and rubber products manufacturing	326	2.155	135.7	136.4	1.1	0.1	0.1	0.1	0.5
Nonmetallic mineral product manufacturing	327	0.708	131.5	131.8	-0.3	0.0	0.1	0.0	0.2
Manufacturing, part 3	33	52.495	133.3	133.5	2.9	0.8	0.2	-0.1	0.2
Primary metal manufacturing	331	4.475	231.2	233.0	17.7	4.7	1.1	-2.1	0.8
Machinery manufacturing	333	9.046	153.4	153.8	1.9	0.5	-0.2	-0.3	0.3
Computer and electronic product manufacturing	334	12.346	83.0	83.2	0.2	0.2	0.0	0.1	0.2
Transportation equipment manufacturing	336	14.605	151.9	152.1	2.6	0.5	0.1	0.2	0.1
Furniture and related product manufacturing (Dec. 2023=100)	337	0.345	104.0	105.3	3.4	0.5	0.2	0.1	1.3
Miscellaneous manufacturing	339	5.022	142.4	141.3	0.6	0.3	-0.1	0.1	-0.8
Footnotes (1) Relative importance figures are based on 2023 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 5. U.S. import price indexes and percent changes for Harmonized categories of goods: January 2024 to January 2025 [2000=100, unless otherwise noted]

Description	Harmo- nized system	Relative importance Dec. 2024(1)	Index		Percent change
			Dec. 2024	Jan. 2025	Annual	Monthly
					Jan. 2024 to Jan. 2025	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024	Nov. 2024 to Dec. 2024	Dec. 2024 to Jan. 2025
Live animals; animal products	I	1.469	247.1	255.8	13.4	0.2	-0.7	1.1	3.5
Meat and edible meat offal	02	0.474	356.2	356.9	10.3	-1.6	1.8	0.1	0.2
Fish and crustaceans, molluscs and other aquatic invertebrates	03	0.697	154.7	166.2	18.6	0.9	-0.7	2.1	7.4
Vegetable products	II	2.342	286.1	285.4	5.5	-0.4	3.6	5.6	-0.2
Edible vegetables, roots, and tubers	07	0.632	641.1	565.6	-4.4	-12.4	16.1	6.5	-11.8
Edible fruit and nuts; peel of citrus fruit or melons	08	0.813	133.6	138.0	-1.6	5.5	-3.1	3.2	3.3
Coffee, tea, mate and spices	09	0.445	383.0	369.5	27.1	3.8	4.8	8.3	-3.5
Animal or vegetable fats and oils (Dec. 2009=100)	III	0.552	158.3	161.0	11.0	-2.3	4.6	2.9	1.7
Animal or vegetable fats and oils and their cleavage products; prepared (Dec. 2023=100)	15	0.552	106.6	108.4	11.1	-2.3	4.6	2.9	1.7
Prepared foodstuffs, beverages, and tobacco	IV	3.476	210.3	214.6	8.3	0.0	0.1	1.6	2.0
Sugars and sugar confectionary (Dec. 2021=100)	17	0.237	120.9	120.5	-3.4	-0.6	1.3	-2.0	-0.3
Cocoa and cocoa preparations (Dec. 2009=100)	18	0.395	230.7	272.9	92.9	-0.3	0.5	9.7	18.3
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100)	19	0.490	100.5	100.3	0.3	0.4	0.1	-0.1	-0.2
Miscellaneous edible preparations (Dec. 2022=100)	21	0.387	97.5	100.3	2.6	0.6	1.0	2.1	2.9
Beverages, spirits, and vinegar	22	1.026	156.2	154.6	0.3	0.1	-0.1	-0.2	-1.0
Mineral products	V	8.243	275.1	283.7	2.8	-0.6	1.2	1.8	3.1
Mineral fuels, oils and residuals, bituminous substances and mineral waxes	27	7.966	267.9	276.7	2.7	-0.6	1.4	1.8	3.3
Products of the chemical or allied industries	VI	11.206	172.5	171.9	-0.9	-0.5	0.2	0.1	-0.3
Inorganic chemicals (Dec. 2024=100)	28	0.551	100.0	100.6	-	-	-	-	0.6
Organic chemicals	29	2.059	134.4	134.9	-1.9	-1.5	-0.4	0.1	0.4
Pharmaceutical products	30	6.281	155.3	153.9	-0.4	-0.4	0.3	-0.1	-0.9
Fertilizers (Dec. 2022=100)	31	0.259	59.0	61.2	-3.0	-0.7	0.9	2.1	3.7
Soap, lubricants; waxes, candles, polishing products, and modeling paste (Dec. 2024=100)	34	0.186	100.0	99.6	-	-	-	-	-0.4
Miscellaneous chemical products	38	0.823	111.2	111.0	-3.9	-0.7	-1.1	-0.1	-0.2
Plastics and articles thereof; rubber and articles thereof	VII	3.378	154.5	154.3	0.5	0.0	-0.4	-0.6	-0.1
Plastics and articles thereof	39	2.237	150.4	150.2	-0.4	-0.1	-0.6	-0.9	-0.1
Rubber and articles thereof	40	1.141	165.7	165.4	2.2	0.2	-0.2	-0.1	-0.2
Textile and textile articles	XI	3.700	120.6	119.8	-0.7	0.0	-0.1	0.0	-0.7
Articles of apparel and clothing accessories, knitted or crocheted (Dec. 2023=100)	61	1.477	99.1	98.7	-1.6	-0.2	0.0	0.0	-0.4
Articles of apparel and clothing accessories, not knitted or crocheted	62	1.210	128.1	127.0	0.2	0.2	0.0	0.1	-0.9
Made-up or worn textile articles (Dec. 2023=100)	63	0.528	98.4	97.9	-1.7	-0.3	-0.1	0.0	-0.5
Headgear, umbrellas, artificial flowers, etc.	XII	1.074	126.6	126.6	-0.1	-0.2	0.0	0.0	0.0
Footwear and parts of such articles	64	0.872	123.6	123.7	0.0	0.0	0.1	-0.1	0.1
Stone, plaster, cement, asbestos, ceramics, glass etc.	XIII	0.844	138.3	137.9	0.2	0.0	0.1	0.2	-0.3
Articles of stone, plaster, cement, asbestos, or mica (Dec. 2020=100)	68	0.302	100.8	100.6	-0.5	0.0	-0.4	-0.1	-0.2
Ceramic products (Dec. 2024=100)	69	0.241	100.0	99.7	-	-	-	-	-0.3
Glass and glassware (Dec. 2021=100)	70	0.301	111.7	111.5	1.7	0.1	0.7	0.0	-0.2
Pearls, stones, precious metals, imitation jewelry, and coins	XIV	3.420	260.1	258.1	14.4	3.7	1.1	-1.6	-0.8
Pearls, precious stones, precious metals jewelry, coin (Dec. 2023=100)	71	3.420	115.6	114.7	14.5	3.7	1.1	-1.5	-0.8
Base metals and articles of base metals	XV	5.385	229.7	229.0	0.8	1.3	-1.2	-0.4	-0.3
Articles of iron or steel	73	1.601	187.4	187.6	-3.2	-0.1	-1.2	-0.4	0.1
Copper and articles thereof	74	0.532	410.2	415.5	8.9	6.4	-2.9	-3.6	1.3
Aluminum and articles thereof	76	1.051	213.6	210.1	14.6	1.6	1.7	1.6	-1.6
Tools, implements, cutlery, spoons and forks, of base metal; parts thereof	82	0.362	131.6	133.3	0.2	0.2	0.2	-0.2	1.3
Miscellaneous articles of base metal	83	0.473	142.6	142.2	-0.4	0.5	-0.3	-0.2	-0.3
Machinery, electrical equipment, TV image and sound recorders, parts, etc.	XVI	30.470	82.3	82.4	0.0	0.1	-0.1	-0.1	0.1
Machinery and mechanical appliances; parts thereof	84	15.223	89.9	90.1	0.7	0.2	0.2	-0.2	0.2
Electrical machinery and equip, sound and TV recorders & reproducers, parts	85	15.247	75.1	75.2	-0.5	0.0	-0.4	-0.3	0.1
Vehicles, aircraft, vessels and associated transport equipment	XVII	13.950	124.8	124.4	0.7	0.1	0.0	-0.2	-0.3
Motor vehicles and their parts	87	12.986	123.8	123.2	0.5	0.1	-0.1	-0.1	-0.5
Aircraft, spacecraft, and parts thereof (Dec. 2020=100)	88	0.814	111.8	113.6	5.9	0.2	0.2	0.3	1.6
Optical, photo, measuring, medical & musical instruments; & timepieces	XVIII	4.362	111.9	111.2	1.1	0.3	-0.5	-0.6	-0.6
Optical, photographic, measuring and medical instruments	90	4.065	107.4	106.7	1.3	0.2	-0.5	-0.6	-0.7
Miscellaneous manufactured articles	XX	3.865	120.6	120.8	0.5	0.2	0.0	-0.1	0.2
Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs	94	2.163	127.7	128.2	0.9	0.4	-0.1	-0.2	0.4
Toys, games and sports equipment; parts and accessories thereof	95	1.427	106.3	106.1	-0.7	0.1	-0.1	0.0	-0.2
Miscellaneous manufactured articles	96	0.274	154.9	156.4	3.3	0.5	0.0	1.0	1.0
Footnotes (1) Relative importance figures are based on 2023 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 6. U.S. export price indexes and percent changes for Harmonized categories of goods: January 2024 to January 2025 [2000=100, unless otherwise noted]

Description	Harmo- nized system	Relative import- ance Dec. 2024(1)	Index		Percent change
			Dec. 2024	Jan. 2025	Annual	Monthly
					Jan. 2024 to Jan. 2025	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024	Nov. 2024 to Dec. 2024	Dec. 2024 to Jan. 2025
Live animals; animal products	I	2.017	282.8	280.2	8.2	2.5	0.4	-1.4	-0.9
Meat & edible meat offal (Dec. 2006=100)	02	1.320	243.6	242.2	8.2	1.5	0.7	-1.6	-0.6
Vegetable products	II	3.732	237.3	238.2	-2.3	3.8	-0.8	3.0	0.4
Edible fruit and nuts; peel of citrus fruit or melons	08	1.039	182.8	180.4	24.8	3.7	3.2	5.8	-1.3
Cereals	10	0.967	229.7	236.1	-0.7	6.9	-0.2	1.2	2.8
Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder	12	1.287	213.1	213.3	-17.8	2.9	-4.0	-0.1	0.1
Prepared foodstuffs, beverages, and tobacco	IV	2.793	182.1	181.9	-1.9	-0.6	0.3	-0.5	-0.1
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100)	19	0.288	104.3	103.3	3.3	-0.1	3.4	-0.1	-1.0
Miscellaneous edible preparations (Dec. 2017=100)	21	0.556	118.9	118.7	0.8	-1.4	-0.6	-1.8	-0.2
Beverages, spirits, and vinegar (Dec. 2024=100)	22	0.495	100.0	100.0	-	-	-	-	0.0
Residues and waste from the food industries; prepared animal feed	23	0.639	243.1	243.8	-15.4	-2.3	0.7	-0.7	0.3
Mineral products	V	16.157	270.0	289.8	1.5	2.3	-0.5	3.0	7.3
Ores, slag and ash (Dec. 2012=100)	26	0.433	133.7	136.0	14.1	3.8	-1.0	-2.3	1.7
Mineral fuels, oils and residuals, bituminous substances and mineral waxes	27	15.558	257.6	277.1	1.2	2.4	-0.5	3.2	7.6
Products of the chemical or allied industries	VI	12.684	163.7	165.5	5.6	0.1	-0.2	2.3	1.1
Pharmaceutical products	30	4.568	104.7	106.2	2.5	0.1	-0.2	-0.3	1.4
Tanning or dyeing extracts, dyes, paints varnish, putty, & inks (Dec. 2024=100)	32	0.433	100.0	101.4	-	-	-	-	1.4
Essential oils and resinoids; perfumery cosmetic or toilet preparations	33	0.786	148.1	147.9	-1.5	0.1	0.0	-0.3	-0.1
Miscellaneous chemical products	38	2.080	196.7	194.0	1.3	-0.2	0.0	0.1	-1.4
Rubber and articles thereof	40	0.876	193.6	196.4	12.6	-0.2	0.0	-0.1	1.4
Wood, wood charcoal, cork, straw, baskets and wickerwork (Dec. 2014=100)	IX	0.517	114.0	115.5	5.8	0.3	0.2	0.7	1.3
Wood and articles of wood; wood charcoal (Dec. 2023=100)	44	0.517	106.3	107.7	5.8	0.3	0.1	0.8	1.3
Woodpulp and recovered paper (Dec. 2019=100)	47	0.527	171.3	169.7	6.7	-0.3	-0.9	-1.7	-0.9
Cotton, including yarns and woven fabrics thereof	52	0.399	142.3	141.0	-8.1	1.2	5.7	-4.9	-0.9
Stone, plaster, cement, asbestos, ceramics, glass etc.	XIII	0.710	154.2	157.0	1.9	0.0	0.2	-0.2	1.8
Glass and glassware (Dec. 2019=100)	70	0.338	115.3	115.5	1.0	0.0	0.3	-0.5	0.2
Pearls, stones, precious metals, imitation jewelry, and coins	XIV	4.694	366.1	363.2	15.6	4.6	1.5	-2.0	-0.8
Pearls, precious stones, precious metals; jewelry, coin (Dec. 2023=100)	71	4.694	117.3	116.3	15.5	4.6	1.4	-1.9	-0.9
Base metals and articles of base metals	XV	4.583	209.7	210.8	1.2	2.1	-0.6	-1.4	0.5
Copper and articles thereof	74	0.653	277.2	276.2	7.1	9.3	-4.2	-5.3	-0.4
Aluminum and articles thereof	76	0.874	157.9	157.9	8.5	3.1	-0.3	0.6	0.0
Miscellaneous articles of base metal (Dec. 2022=100)	83	0.344	106.8	107.0	2.8	0.5	0.0	0.0	0.2
Machinery, electrical equipment, TV image and sound recorders, parts, etc.	XVI	26.104	109.0	109.2	1.8	0.4	0.0	0.0	0.2
Machinery and mechanical appliances; parts thereof	84	15.350	134.4	134.9	2.0	0.5	0.0	-0.4	0.4
Electrical machinery and equipment and parts and accessories thereof	85	10.755	82.6	82.6	1.5	-0.1	0.1	0.5	0.0
Vehicles, aircraft, vessels and associated transport equipment	XVII	10.766	157.6	157.9	2.3	0.6	0.1	0.3	0.2
Motor vehicles and their parts	87	7.934	131.5	131.4	1.8	0.8	0.1	0.2	-0.1
Optical, photo, measuring, medical & musical instruments; & timepieces	XVIII	5.843	120.5	120.3	0.7	0.1	-0.2	0.3	-0.2
Optical, photographic, measuring and medical instruments (Dec. 2023=100)	90	5.843	101.4	101.2	0.6	0.1	-0.2	0.4	-0.2
Miscellaneous manufactured articles	XX	1.093	136.0	136.1	0.4	0.1	0.0	-0.1	0.1
Furniture; stuffed furnishings; lamps and lighting fittings nesoi	94	0.570	152.9	153.4	2.4	0.3	0.1	0.1	0.3
Toys, games and sports equipment; parts and accessories thereof	95	0.384	114.1	113.9	-4.0	-0.1	-0.5	-0.3	-0.2
Footnotes (1) Relative importance figures are based on 2023 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 7. U.S. import price indexes and percent changes by locality of origin: January 2024 to January 2025 [2000=100, unless otherwise noted]

Description	Relative import- ance Dec. 2024(1)	Index		Percent change
		Dec. 2024	Jan. 2025	Annual	Monthly
				Jan. 2024 to Jan. 2025	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024	Nov. 2024 to Dec. 2024	Dec. 2024 to Jan. 2025
Industrialized Countries(2)	100.000	147.2	147.3	2.2	0.3	0.1	0.2	0.1
Nonmanufacturing	10.046	243.4	257.3	12.5	1.1	-0.2	4.4	5.7
Manufacturing	89.602	139.4	138.6	1.2	0.3	0.0	-0.2	-0.6
Canada	100.000	170.2	173.2	4.2	0.5	-0.1	1.1	1.8
Nonmanufacturing	28.787	236.8	250.3	12.0	1.1	0.2	4.6	5.7
Manufacturing	70.523	156.3	156.5	1.2	0.2	-0.1	-0.3	0.1
European Union	100.000	158.4	157.3	0.0	0.1	-0.1	-0.2	-0.7
Manufacturing	99.339	154.0	153.0	0.1	0.1	-0.1	-0.2	-0.6
France (Dec. 2003=100)	100.000	158.1	156.3	-0.6	0.3	0.1	-0.5	-1.1
Germany (Dec. 2003=100)	100.000	124.6	126.4	2.3	0.2	-0.4	-0.5	1.4
United Kingdom (Dec. 2003=100)	100.000	138.7	137.4	0.4	0.2	0.1	0.1	-0.9
Latin America(3)	100.000	176.0	176.7	2.9	0.1	0.2	0.6	0.4
Nonmanufacturing	14.460	347.3	354.0	5.3	-3.1	0.7	6.3	1.9
Manufacturing	85.255	141.6	141.8	2.5	0.5	0.1	-0.3	0.1
Mexico (Dec. 2003=100)	100.000	150.3	149.9	2.6	-0.5	0.4	0.6	-0.3
Nonmanufacturing (Dec. 2008=100)	9.603	192.5	183.8	1.3	-11.0	2.5	8.0	-4.5
Manufacturing (Dec. 2008=100)	90.128	101.9	102.1	2.8	0.6	0.2	-0.1	0.2
Pacific Rim (Dec. 2003=100)(4)	100.000	102.7	102.8	0.6	0.3	0.1	-0.1	0.1
China (Dec. 2003=100)	100.000	100.3	100.6	0.0	0.0	0.0	-0.1	0.3
Japan	100.000	101.2	101.6	-1.1	0.3	-0.2	-0.2	0.4
Taiwan (Dec. 2018=100)	100.000	110.0	109.9	1.3	0.2	0.4	-0.2	-0.1
Asian NICs(5)	100.000	94.9	94.7	0.3	0.3	-0.1	-0.7	-0.2
ASEAN (Dec. 2003=100)(6)	100.000	100.6	101.1	1.1	0.6	-0.4	0.1	0.5
Asia Near East (Dec. 2003=100)(7)	100.000	206.6	210.8	1.0	3.0	1.1	-1.8	2.0
Footnotes (1) Relative importance figures are based on 2023 trade values. (2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. (3) Mexico, Central America, South America, and the Caribbean. (4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries. (5) Asian Newly Industrialized Countries - Hong Kong, Singapore, South Korea, and Taiwan. (6) Association of Southeast Asian Nations - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. (7) Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, and Yemen.
NOTES: Data may be revised in each of the 3 months after original publication. Regions are not mutually exclusive. Dash = Not available

Table 8. U.S. export price indexes and percent changes by locality of destination: January 2024 to January 2025 [December 2017=100, unless otherwise noted]

Description	Relative import- ance Dec. 2024(1)	Index		Percent change
		Dec. 2024	Jan. 2025	Annual	Monthly
				Jan. 2024 to Jan. 2025	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024	Nov. 2024 to Dec. 2024	Dec. 2024 to Jan. 2025
Industrialized Countries(2)	100.000	124.1	125.2	3.6	1.6	-0.1	0.0	0.9
Nonmanufacturing	14.703	138.9	146.1	2.2	6.6	-1.9	1.3	5.2
Manufacturing	83.896	122.3	122.5	3.6	0.7	0.2	-0.2	0.2
Canada	100.000	129.6	131.1	2.8	0.9	-0.3	0.6	1.2
Nonmanufacturing (Dec. 2020=100)	8.015	135.1	143.4	6.1	4.0	-5.7	9.3	6.1
Manufacturing (Dec. 2020=100)	89.944	120.7	121.6	2.1	0.6	0.0	0.1	0.7
European Union	100.000	119.6	121.5	2.4	0.9	-0.5	-0.2	1.6
Nonmanufacturing	20.353	128.9	138.1	1.2	2.3	-2.8	0.2	7.1
Manufacturing	78.617	118.3	118.5	2.8	0.3	0.3	-0.2	0.2
Germany	100.000	125.4	124.8	2.3	0.7	-0.1	0.0	-0.5
Latin America(3)	100.000	120.5	122.9	0.8	1.1	-0.7	-0.2	2.0
Nonmanufacturing	8.538	141.0	155.0	7.1	7.2	-5.1	8.3	9.9
Manufacturing	90.922	119.1	120.6	0.2	0.6	-0.4	-0.8	1.3
Mexico	100.000	121.8	123.6	1.6	1.2	-1.2	0.2	1.5
Nonmanufacturing	7.309	121.9	134.7	11.0	13.0	-11.2	15.2	10.5
Manufacturing	91.960	122.7	123.7	0.9	0.4	-0.5	-0.7	0.8
Pacific Rim(4)	100.000	113.4	114.5	1.1	1.7	-0.4	-0.2	1.0
Nonmanufacturing	20.992	109.8	115.9	-2.1	5.8	-1.4	-1.0	5.6
Manufacturing	77.270	115.9	115.8	2.0	0.6	-0.1	0.1	-0.1
China	100.000	107.5	108.4	1.7	2.4	-0.1	-0.1	0.8
Nonmanufacturing	26.263	96.0	98.7	-4.9	6.3	-1.5	-0.7	2.8
Manufacturing	71.936	113.7	114.0	3.7	1.1	0.4	0.2	0.3
Japan	100.000	112.1	113.4	3.2	2.6	-0.2	-1.2	1.2
Nonmanufacturing	22.131	117.0	123.2	-2.8	9.3	0.7	-4.6	5.3
Manufacturing	76.687	110.8	110.9	4.8	0.9	-0.4	-0.3	0.1
Footnotes (1) Relative importance figures are based on 2023 trade values. (2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. (3) Mexico, Central America, South America, and the Caribbean. (4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries.
NOTES: Data may be revised in each of the 3 months after original publication. Regions are not mutually exclusive. Dash = Not available

Table 9. U.S. terms of trade indexes and percent changes by locality: January 2024 to January 2025(1) [December 2017=100, unless otherwise noted]

Description	Index		Percent change
	Dec. 2024	Jan. 2025	Annual	Monthly
			Jan. 2024 to Jan. 2025	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024	Nov. 2024 to Dec. 2024	Dec. 2024 to Jan. 2025
Industrialized Countries(2)	103.2	104.0	1.3	1.3	-0.2	-0.2	0.8
Canada	100.1	99.5	-1.3	0.4	-0.2	-0.5	-0.6
European Union	101.6	104.0	2.5	0.9	-0.5	0.0	2.4
Germany	115.8	113.6	0.0	0.4	0.3	0.4	-1.9
Latin America(3)	101.9	103.6	-2.0	1.1	-1.0	-0.9	1.7
Mexico	104.5	106.4	-0.9	1.6	-1.6	-0.5	1.8
Pacific Rim(4)	108.7	109.6	0.6	1.4	-0.5	0.0	0.8
China	107.3	107.9	1.7	2.4	-0.1	0.0	0.6
Japan	105.8	106.6	4.3	2.3	0.0	-1.0	0.8
Footnotes (1) Terms of trade indexes are derived by dividing the export price index by the corresponding import price index and multiplying by 100. (2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. (3) Mexico, Central America, South America, and the Caribbean. (4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries.
NOTES: Data may be revised in each of the 3 months after original publication. Regions are not mutually exclusive. Dash = Not available

Table 10. U.S. international price indexes and percent changes for selected transportation services: January 2024 to January 2025 [2000=100, unless otherwise noted]

Description	Relative import- ance Dec. 2024(1)	Index		Percent change
		Dec. 2024	Jan. 2025	Annual	Monthly
				Jan. 2024 to Jan. 2025	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024	Nov. 2024 to Dec. 2024	Dec. 2024 to Jan. 2025
Air Freight
Import Air Freight	100.000	273.4	266.4	17.5	-4.1	1.5	-0.9	-2.6
Europe (Dec. 2003=100)	20.793	156.4	146.1	-7.7	7.8	-4.0	0.1	-6.6
Asia	77.148	303.1	292.4	24.1	-7.0	3.0	-1.4	-3.5
Export Air Freight	100.000	171.8	179.8	5.5	4.9	1.2	-6.0	4.7
Europe (Dec. 2006=100)	32.801	130.9	130.7	1.6	4.4	2.3	-2.5	-0.2
Asia (Dec. 2011=100)	42.506	135.1	143.3	5.3	7.7	-4.4	-5.6	6.1
Inbound Air Freight	100.000	196.3	191.7	17.0	8.2	-3.6	0.8	-2.3
Europe (Dec. 2003=100)	22.002	139.2	129.9	-1.1	8.0	-0.6	0.4	-6.7
Asia	64.313	202.5	193.2	23.4	9.4	-7.2	0.1	-4.6
Outbound Air Freight	100.000	163.8	172.5	3.0	1.1	2.2	-5.2	5.3
Europe (Dec. 2003=100)	35.639	160.3	168.5	3.8	0.1	2.1	-1.9	5.1
Asia	37.186	171.9	185.7	3.6	2.0	3.2	-10.5	8.0
Air Passenger Fares
Import Air Passenger Fares	100.000	191.6	167.0	-6.2	3.9	-4.8	10.6	-12.8
Europe	42.809	205.6	183.8	-5.8	-4.3	-0.2	5.2	-10.6
Asia	19.933	186.7	154.5	-4.6	0.3	2.7	17.8	-17.2
Latin America/Caribbean	9.013	172.4	146.0	7.0	9.2	3.2	15.2	-15.3
Export Air Passenger Fares	100.000	178.0	200.7	3.6	0.7	-0.8	0.2	12.8
Europe	33.535	214.3	227.4	6.5	-0.1	-2.3	-0.8	6.1
Asia	16.132	167.0	204.7	-7.2	-2.5	4.2	-5.0	22.6
Latin America/Caribbean	28.593	180.4	225.2	9.5	1.9	-1.1	4.3	24.8
Footnotes (1) Relative importance figures are based on 2023 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

                                                TECHNICAL NOTE                                                

Import and Export Goods and Services Price Indexes - All indexes use a modified Laspeyres 
formula and are not seasonally adjusted. Price indexes are reweighted annually, with a 2-year lag in the 
weights. Published series use a base year of 2000=100 where possible. More detailed index series and 
additional information may be obtained at www.bls.gov/mxp or by calling (202) 691-7101.

Merchandise Goods Classification Systems - The merchandise price indexes are published using three 
classification systems. Items are classified by end use according to the Bureau of Economic Analysis 
Classification System, by industry according to the North American Industry Classification System 
(NAICS), and by product category according to the Harmonized System (HS). While classification by 
end use and product category are self-explanatory, some notes are in order for classifying items by 
industry. In the NAICS imports and exports tables, items are classified by output industry, not input 
industry. As an example, NAICS import index 326 (plastics and rubber products manufacturing) 
includes outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS 
classification structure also matches the classification system used by the Producer Price Index (PPI) to 
produce the NAICS primary products indexes.

Import Price Goods Indexes - Items are classified by the Harmonized Tariff Schedule of the United 
States Annotated (TSUSA). Import prices are based on U.S. dollar prices paid by the U.S. importer. The 
prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) 
U.S. port transaction prices, depending on the practices of the individual industry. The index for crude 
petroleum is calculated from data collected by the U.S. Department of Energy.  

Export Price Goods Indexes - Items are classified by the Harmonized Schedule B classification system 
of the U.S. Bureau of the Census. The prices used are generally either "free alongside ship" (f.a.s.) 
factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual 
industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of 
Agriculture.

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

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

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

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

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

Uses of the Data - The primary use of the indexes is to deflate trade statistics, notably the foreign trade 
sector of the National Income and Product Accounts (NIPA) constructed by the Department of 
Commerce. Other published indexes are useful for general market analysis. For trade in international 
services, balance of payments indexes are used for deflating NIPA, while international indexes are more 
appropriate for market analysis. 

Additional Information - More detailed data are available on the Import/Export Price Indexes home 
page at www.bls.gov/mxp. For import and export price indexes data requests, send an email to 
mxpinfo@bls.gov.   

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