An official website of the United States government
Transmission of material in this release is embargoed until USDL-24-0488 8:30 a.m. (ET) Friday, March 15, 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 - FEBRUARY 2024 U.S. import prices rose 0.3 percent in February, after advancing 0.8 percent in January, the U.S. Bureau of Labor Statistics reported today. Higher prices for both nonfuel and fuel imports contributed to the overall increase. Prices for U.S. exports advanced 0.8 percent in February following a 0.9-percent increase the previous month. Imports U.S. import prices increased for the second consecutive month in February, rising 0.3 percent. The February and January advances were the first consecutive increases since September and August 2023. Despite the recent advances, prices for U.S. imports decreased 0.8 percent over the past year. (See table 1.) Fuel Imports: Prices for import fuel rose 1.8 percent in February, after advancing 1.2 percent the previous month. The February increase was the largest advance since a 6.4-percent rise in September 2023. Higher prices for petroleum and natural gas in February each contributed to the overall increase in import fuel prices. In spite of the recent advances, import fuel prices fell 4.1 percent over the past year. Import petroleum prices increased 1.7 percent in February following a 1.8-percent advance in January. Prices for import petroleum fell 1.8 percent for the year ended in February, the smallest 12-month decline since the index last rose on an over-the-year basis in December 2022. The price index for import natural gas increased 6.8 percent in February, after decreases of 12.2 percent in January and 3.6 percent in December. Import natural gas prices declined 40.2 percent from February 2023 to February 2024. All Imports Excluding Fuel: The price index for nonfuel imports advanced 0.2 percent in February following a 0.7-percent increase the previous month. Prices for nonfuel imports last declined on a monthly basis in October 2023. Higher prices for consumer goods; foods, feeds, and beverages; capital goods; and automotive vehicles in February more than offset lower prices for nonfuel industrial supplies and materials. Despite the recent increases, prices for nonfuel imports declined 0.5 percent over the past 12 months. Foods, Feeds, and Beverages: Prices for foods, feeds, and beverages rose 1.1 percent in February, after advancing 1.7 percent in January. The February increase was led by higher prices for fish and shellfish, meat, and bakery and confectionary products. Nonfuel Industrial Supplies and Materials: Nonfuel industrial supplies and materials prices fell 0.5 percent in February, the largest 1-month decline since October 2023. The February decrease was driven by lower prices for unfinished metals and chemicals. Finished Goods: Prices for each of the major finished goods import categories increased in February. Consumer goods prices advanced 0.3 percent following a 1.2-percent increase in January. The February rise was led by higher prices for nonmanufactured consumer goods. Capital goods prices rose 0.2 percent in February, after advancing 0.4 percent the previous month. The February increase was driven by a 3.0- percent rise in prices for engines for civilian aircraft. The price index for automotive vehicles ticked up 0.1 percent in February following a 0.7-percent rise in January. Table A. Percent change in Import and Export Price Indexes, selected categories
Month | IMPORTS | EXPORTS | ||||
---|---|---|---|---|---|---|
All imports |
Fuel imports |
Nonfuel imports |
All exports |
Agri- cultural exports |
Non- agricultural exports |
|
2023 |
||||||
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 | 6.4 | -0.2 | 0.5 | -1.1 | 0.7 |
October |
-0.6 | -3.9 | -0.2 | -0.9 | -1.0 | -0.9 |
November |
-0.5 | -6.3 | 0.1 | -0.7 | (r)0.0 | -0.8 |
December |
-0.7 | (r)-8.0 | (r)0.1 | -0.7 | -0.2 | (r)-0.7 |
2024 |
||||||
January |
0.8 | 1.2 | 0.7 | (r)0.9 | -1.0 | (r)1.1 |
February |
0.3 | 1.8 | 0.2 | 0.8 | 0.8 | 0.8 |
Feb. 2022 to 2023 |
-1.1 | -12.3 | 0.2 | -0.8 | 3.1 | -1.4 |
Feb. 2023 to 2024 |
-0.8 | -4.1 | -0.5 | -1.8 | -8.9 | -1.0 |
Footnotes |
Exports The price index for U.S. exports increased 0.8 percent in February, after rising 0.9 percent in January. Higher nonagricultural and agricultural prices contributed to the February advance. Despite the recent increases, U.S. export prices declined 1.8 percent for the year ended in February. That was the smallest 12- month drop since the index decreased 0.8 percent from February 2022 to February 2023. (See table 2.) Agricultural Exports: Agricultural export prices advanced 0.8 percent in February following a 1.0-percent decrease in January. Higher prices for nuts, fruit, vegetables, and wheat in February more than offset lower soybean prices. Prices for agricultural exports declined 8.9 percent over the past 12 months. Lower prices for soybeans, corn, and wheat all contributed to the over-the-year drop in agricultural prices. All Exports Excluding Agriculture: Prices for nonagricultural exports rose 0.8 percent in February following a 1.1-percent advance the previous month. Higher prices for nonagricultural industrial supplies and materials, capital goods, and nonagricultural foods in February all contributed to the rise in nonagricultural export prices. Prices for nonagricultural exports decreased 1.0 percent for the year ended in February, the smallest over-the-year decline since the index last increased on a 12-month basis from January 2022 to January 2023. Nonagricultural Industrial Supplies and Materials: The price index for nonagricultural industrial supplies and materials advanced 1.6 percent in February, after increasing 2.2 percent the previous month. The February rise was driven by a 2.8-percent advance in fuel prices that followed a 5.4-percent increase in January. Finished Goods: Prices for the major finished goods export categories were up overall in February. Export capital goods prices rose 0.4 percent in February following a 0.8-percent advance in January. The increase in February was led by higher prices for industrial and service machinery; computers, peripherals, and semiconductors; and telecommunications equipment. The price indexes for consumer goods and automotive vehicles were unchanged in February, after consumer goods prices fell 1.2 percent in January and automotive vehicles prices rose 0.4 percent. 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 declined 0.2 percent in February following a 0.4- percent drop the previous month. The price index for imports from China last rose on a monthly basis in October 2022. Prices for imports from China decreased 3.1 percent for the year ended in February. Import prices from Japan edged down 0.1 percent in February, after increasing 1.1 percent in January. The price index for imports from Japan rose 1.5 percent over the past year, the largest 12-month increase since February 2023. Prices for imports from Canada advanced 1.2 percent in February, the largest 1-month increase since a 1.4-percent rise in September 2023. Import prices from Canada decreased 3.9 percent over the past 12 months. The price index for imports from the European Union ticked up 0.1 percent in February and prices for imports from Mexico rose 0.5 percent. (See table 7.) Exports by Locality of Destination: Export prices to China advanced 1.1 percent in February following a 1.4-percent drop the previous month. The February increase was the largest monthly advance since February 2023. Despite the February increase, prices for exports to China fell 4.4 percent over the past year. The price index for exports to Japan rose 0.5 percent in February, after advancing 0.9 percent in January. In spite of the recent increases, export prices to Japan decreased 6.9 percent for the year ended in February. Prices for exports to Canada rose 0.3 percent in February, the largest 1-month advance since a 0.6-percent increase in September 2023. The price index for exports to Canada declined 0.8 percent over the past year. Export prices to the European Union advanced 1.5 percent in February and prices for exports to Mexico rose 0.8 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 increased 1.3 percent in February, the largest monthly advance since February 2023. Higher export prices to China in February and lower import prices from China each contributed to the advance. Despite the February rise, the index for U.S. terms of trade with China fell 1.4 percent over the past 12 months. U.S. terms of trade with Japan advanced 0.6 percent in February, after decreasing 0.2 percent the previous month. The index for U.S. terms of trade with Japan declined 8.2 percent from February 2023 to February 2024. U.S. terms of trade with Canada fell 0.9 percent in February following a 0.8-percent drop in January. U.S. terms of trade with the European Union advanced 1.4 percent in February and the index for U.S. terms of trade with Mexico increased 0.3 percent over the same period. (See table 9.) Import and Export Services Imports: Import air passenger fares were unchanged in February following a 6.2-percent decrease in January and a 6.9-percent increase in December. The index for import air passenger fares advanced 0.5 percent from February 2023 to February 2024. Import air freight prices decreased 1.3 percent in February, after declining 14.8 percent the previous month. Lower Asian air freight prices in February more than offset higher prices for European air freight. Prices for import air freight fell 5.9 percent for the year ended in February. (See table 10.) Exports: Export air passenger fares fell 10.1 percent in February, after increasing 10.8 percent the previous month. The February decline was the largest monthly drop since a 13.7-percent decrease in February 2023. Lower Latin American/Caribbean, Asian, and European fares in February all contributed to the overall decline. The index for export air passenger fares fell 2.7 percent for the year ended in February. Export air freight prices rose 1.9 percent in February following a 2.5-percent advance in January. Despite the recent increases, prices for export air freight declined 9.5 percent over the past 12 months. U.S. Import and Export Price Index data for March 2024 are scheduled for release on Friday, April 12, 2024, at 8:30 a.m. (ET).
Description | End Use |
Relative import- ance Jan. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Jan. 2024 |
Feb. 2024 |
Annual | Monthly | ||||||
Feb. 2023 to Feb. 2024 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
|||||
All commodities |
100.000 | 139.5 | 139.9 | -0.8 | -0.5 | -0.7 | 0.8 | 0.3 | |
All imports excluding food and fuels (Dec. 2010=100) |
84.854 | 108.1 | 108.2 | -0.7 | 0.1 | 0.0 | 0.7 | 0.1 | |
All imports excluding petroleum |
92.614 | 123.9 | 124.1 | -0.8 | 0.2 | 0.0 | 0.6 | 0.2 | |
All imports excluding fuels (Dec. 2001=100) |
92.103 | 127.8 | 128.0 | -0.5 | 0.1 | 0.1 | 0.7 | 0.2 | |
Foods, feeds, & beverages |
0 |
7.249 | 218.5 | 220.9 | 2.9 | 1.0 | -0.1 | 1.7 | 1.1 |
Agricultural foods, feeds & beverages, excluding distilled beverages |
00 |
5.945 | 247.3 | 249.0 | 5.4 | 1.7 | 0.2 | 2.0 | 0.7 |
Nonagricultural foods (fish, distilled beverages) |
01 |
1.304 | 148.5 | 153.0 | -6.8 | -2.1 | -1.5 | 0.4 | 3.0 |
Industrial supplies & materials |
1 |
22.605 | 236.0 | 236.8 | -5.4 | -2.3 | -2.7 | 0.5 | 0.3 |
Industrial supplies & materials excluding petroleum |
15.247 | 198.1 | 197.5 | -7.3 | 0.8 | 0.4 | -0.2 | -0.3 | |
Industrial supplies & materials excluding fuels (Dec. 2001=100) |
14.695 | 221.4 | 220.4 | -6.1 | 0.3 | 0.5 | 0.0 | -0.5 | |
Industrial supplies & materials, durable |
9.343 | 214.6 | 213.4 | -7.0 | 0.4 | 0.4 | 0.1 | -0.6 | |
Industrial supplies & materials nondurable excluding petroleum |
5.875 | 179.6 | 179.7 | -7.6 | 1.6 | 0.3 | -0.5 | 0.1 | |
Fuels & lubricants |
10 |
7.897 | 267.8 | 272.6 | -4.1 | -6.3 | -8.0 | 1.2 | 1.8 |
Petroleum & petroleum products |
100 |
7.386 | 286.6 | 291.5 | -1.8 | -7.5 | -8.4 | 1.8 | 1.7 |
Crude petroleum |
10000 |
4.969 | 290.0 | 300.7 | 3.9 | -9.2 | -10.3 | 0.8 | 3.7 |
Fuels, n.e.s.-coals & gas |
101 |
0.353 | 167.2 | 174.6 | -34.7 | 21.0 | -2.9 | -9.1 | 4.4 |
Natural gas |
10110 |
0.253 | 144.7 | 154.6 | -40.2 | 30.4 | -3.6 | -12.2 | 6.8 |
Paper & paper base stocks |
11 |
0.542 | 140.2 | 138.2 | -5.9 | 1.3 | -0.2 | -0.1 | -1.4 |
Materials associated with nondurable supplies & materials |
12 |
4.823 | 194.5 | 194.3 | -4.5 | -0.1 | 0.7 | 0.0 | -0.1 |
Unfinished metals related to durable goods |
14 |
3.432 | 315.8 | 310.4 | -11.8 | 1.2 | 0.4 | 1.1 | -1.7 |
Finished metals related to durable goods |
15 |
2.573 | 214.5 | 212.9 | -2.2 | 1.2 | 1.5 | -1.6 | -0.7 |
Capital goods |
2 |
28.829 | 93.5 | 93.7 | -0.1 | 0.0 | -0.1 | 0.4 | 0.2 |
Nonelectrical machinery |
21 |
22.779 | 84.1 | 84.1 | -0.8 | -0.1 | -0.1 | 0.1 | 0.0 |
Transportation equipment excluding motor vehicles (Dec. 2001=100) |
22 |
1.638 | 155.5 | 157.5 | 5.1 | -0.1 | 0.1 | 1.6 | 1.3 |
Automotive vehicles, parts & engines |
3 |
13.645 | 119.9 | 120.0 | 2.0 | -0.1 | 0.0 | 0.7 | 0.1 |
Automotive vehicles, parts and engines, 2 digit (Dec. 2023=100) |
30 |
13.645 | 100.8 | 100.8 | - | - | - | 0.8 | 0.0 |
Consumer goods, excluding automotives |
4 |
27.673 | 110.7 | 111.0 | 0.5 | 0.0 | -0.1 | 1.2 | 0.3 |
Nondurables, manufactured |
40 |
13.884 | 127.9 | 128.0 | 2.2 | 0.2 | 0.0 | 2.1 | 0.1 |
Durables, manufactured |
41 |
12.806 | 94.6 | 94.6 | -1.1 | -0.2 | -0.1 | 0.2 | 0.0 |
Nonmanufactured consumer goods |
42 |
0.983 | 123.8 | 132.8 | -0.8 | 0.5 | 0.3 | -0.2 | 7.3 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | End Use |
Relative import- ance Jan. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Jan. 2024 |
Feb. 2024 |
Annual | Monthly | ||||||
Feb. 2023 to Feb. 2024 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
|||||
All commodities |
100.000 | 147.8 | 149.0 | -1.8 | -0.7 | -0.7 | 0.9 | 0.8 | |
Agricultural commodities |
9.520 | 228.5 | 230.3 | -8.9 | 0.0 | -0.2 | -1.0 | 0.8 | |
All exports excluding food and fuels (Dec. 2010=100) |
74.864 | 114.3 | 114.7 | -0.2 | 0.2 | 0.3 | 0.1 | 0.3 | |
All exports excluding fuels (June 2022=100) |
83.587 | 98.9 | 99.3 | -0.8 | 0.1 | 0.2 | 0.0 | 0.4 | |
Nonagricultural commodities |
90.480 | 141.5 | 142.6 | -1.0 | -0.8 | -0.7 | 1.1 | 0.8 | |
Foods, feeds, & beverages |
0 |
8.724 | 230.1 | 231.6 | -9.5 | 0.0 | 0.1 | -1.0 | 0.7 |
Agricultural foods, feeds & beverages, excluding distilled beverages |
00 |
8.344 | 232.4 | 233.9 | -9.2 | 0.0 | 0.0 | -1.1 | 0.6 |
Nonagricultural foods (fish, distilled beverages) |
01 |
0.380 | 188.0 | 189.5 | -14.3 | 0.2 | 0.5 | 0.6 | 0.8 |
Industrial supplies & materials |
1 |
38.074 | 197.4 | 200.6 | -4.1 | -1.9 | -2.0 | 2.1 | 1.6 |
Industrial supplies & materials, durable |
10.839 | 210.4 | 210.8 | -2.6 | 1.1 | 1.1 | 0.0 | 0.2 | |
Industrial supplies & materials, nondurable |
27.235 | 189.7 | 194.0 | -4.6 | -3.0 | -3.2 | 2.9 | 2.3 | |
Agricultural industrial supplies & materials |
10 |
1.176 | 211.5 | 216.0 | -6.0 | -0.3 | -1.8 | -1.1 | 2.1 |
Nonagricultural industrial supplies & materials |
36.898 | 197.0 | 200.2 | -4.0 | -1.9 | -2.0 | 2.2 | 1.6 | |
Fuels & lubricants |
11 |
16.413 | 239.8 | 246.6 | -4.4 | -5.0 | -5.1 | 5.4 | 2.8 |
Nonagricultural supplies & materials excluding fuels & building materials |
12 |
19.740 | 190.9 | 192.2 | -3.7 | 0.7 | 0.6 | -0.2 | 0.7 |
Selected building materials |
13 |
0.746 | 147.6 | 147.2 | -2.5 | 0.1 | 0.3 | -1.9 | -0.3 |
Capital goods |
2 |
31.759 | 122.5 | 123.0 | 2.2 | -0.1 | 0.1 | 0.8 | 0.4 |
Nonelectrical machinery |
21 |
22.599 | 102.1 | 102.6 | 1.5 | -0.1 | 0.0 | 0.4 | 0.5 |
Transportation equipment excluding motor vehicles (Dec. 2001=100) |
22 |
5.679 | 219.6 | 220.4 | 7.8 | 0.2 | 0.2 | 3.3 | 0.4 |
Automotive vehicles, parts & engines |
3 |
8.638 | 127.4 | 127.4 | 2.8 | 0.3 | 0.3 | 0.4 | 0.0 |
Vehicles-passenger (Dec. 2023=100) |
30 |
8.638 | 100.4 | 100.4 | - | - | - | 0.4 | 0.0 |
Consumer goods, excluding automotives |
4 |
12.804 | 117.4 | 117.4 | -1.1 | -0.2 | 0.3 | -1.2 | 0.0 |
Nondurables, manufactured |
40 |
6.796 | 107.5 | 107.3 | -2.6 | -0.3 | 0.2 | -2.3 | -0.2 |
Durables, manufactured |
41 |
4.845 | 119.9 | 120.0 | 1.6 | -0.1 | 0.4 | 0.2 | 0.1 |
Nonmanufactured consumer goods (Dec. 2018=100) |
42 |
1.163 | 127.1 | 127.1 | -3.5 | 0.0 | -0.1 | 0.0 | 0.0 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | NAICS | Relative import- ance Jan. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Jan. 2024 |
Feb. 2024 |
Annual | Monthly | ||||||
Feb. 2023 to Feb. 2024 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
|||||
Nonmanufacturing |
7.857 | 145.1 | 151.2 | 2.4 | -4.6 | -6.7 | 0.9 | 4.2 | |
Agriculture, forestry, fishing and hunting |
11 |
2.256 | 238.9 | 249.8 | 10.5 | 3.1 | 0.4 | 3.7 | 4.6 |
Crop production |
111 |
1.880 | 255.4 | 265.7 | 12.3 | 4.3 | 0.5 | 4.6 | 4.0 |
Animal production (Dec. 2022=100) |
112 |
0.219 | 108.2 | 120.4 | 3.1 | -2.1 | 0.4 | -2.0 | 11.3 |
Mining |
21 |
5.601 | 134.5 | 139.9 | -0.6 | -7.1 | -9.3 | -0.1 | 4.0 |
Oil and gas extraction |
211 |
5.369 | 132.9 | 138.3 | 0.0 | -7.3 | -9.7 | 0.1 | 4.1 |
Mining (except oil and gas) (Dec. 2022=100) |
212 |
0.232 | 104.3 | 107.2 | -12.3 | -2.5 | -1.2 | -5.1 | 2.8 |
Manufacturing |
91.814 | 121.8 | 121.7 | -1.2 | -0.2 | -0.2 | 0.7 | -0.1 | |
Manufacturing, part 1 |
31 |
11.885 | 137.8 | 138.8 | -0.2 | -0.1 | 0.1 | 0.0 | 0.7 |
Food manufacturing |
311 |
4.236 | 184.2 | 187.3 | -1.0 | -0.2 | -0.1 | 0.1 | 1.7 |
Beverage and tobacco product manufacturing |
312 |
1.176 | 141.4 | 141.6 | 2.3 | 0.1 | 0.4 | -0.1 | 0.1 |
Textile mills (Dec. 2023=100) |
313 |
0.321 | 100.1 | 100.7 | - | - | - | 0.1 | 0.6 |
Textile product mills (Dec. 2023=100) |
314 |
0.901 | 100.1 | 100.2 | - | - | - | 0.1 | 0.1 |
Apparel manufacturing |
315 |
3.547 | 119.1 | 119.2 | -0.2 | 0.0 | 0.1 | 0.3 | 0.1 |
Manufacturing, part 2 |
32 |
19.135 | 142.1 | 141.4 | -3.0 | -0.9 | -0.7 | 1.6 | -0.5 |
Paper manufacturing |
322 |
1.017 | 122.4 | 121.0 | -4.2 | 0.9 | -0.3 | -0.1 | -1.1 |
Printing and related support activities (Dec. 2023=100) |
323 |
0.147 | 100.0 | 99.8 | - | - | - | 0.0 | -0.2 |
Petroleum and coal products manufacturing |
324 |
2.205 | 132.3 | 127.3 | -12.3 | -4.7 | -5.2 | 4.1 | -3.8 |
Chemical manufacturing |
325 |
11.257 | 152.1 | 151.9 | -0.9 | -0.1 | 0.2 | 1.8 | -0.1 |
Plastics and rubber products manufacturing |
326 |
2.546 | 130.5 | 131.2 | -1.6 | -0.3 | -0.5 | -0.2 | 0.5 |
Nonmetallic mineral product manufacturing |
327 |
1.114 | 145.7 | 145.8 | 1.6 | -0.1 | 0.1 | 0.7 | 0.1 |
Manufacturing, part 3 |
33 |
60.795 | 112.5 | 112.5 | -0.8 | 0.0 | 0.0 | 0.4 | 0.0 |
Primary metal manufacturing |
331 |
4.641 | 219.4 | 215.8 | -9.1 | 1.8 | 0.6 | 0.8 | -1.6 |
Fabricated metal product manufacturing |
332 |
3.200 | 144.8 | 144.7 | -3.1 | -0.5 | 0.4 | -1.2 | -0.1 |
Machinery manufacturing |
333 |
8.039 | 131.9 | 132.3 | 1.1 | 0.0 | 0.0 | 0.2 | 0.3 |
Computer and electronic product manufacturing |
334 |
16.645 | 72.2 | 72.2 | -2.2 | 0.0 | 0.0 | 0.0 | 0.0 |
Electrical equipment, appliance, and component manufacturing |
335 |
6.405 | 127.0 | 127.4 | 0.2 | -0.6 | -0.2 | 0.8 | 0.3 |
Transportation equipment manufacturing |
336 |
14.061 | 119.1 | 119.3 | 2.3 | -0.1 | 0.0 | 0.9 | 0.2 |
Furniture and related product manufacturing |
337 |
1.882 | 128.3 | 128.0 | -0.8 | -0.3 | -1.1 | 0.8 | -0.2 |
Miscellaneous manufacturing |
339 |
5.922 | 128.9 | 128.8 | 1.1 | 0.1 | 0.1 | 0.7 | -0.1 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | NAICS | Relative import- ance Jan. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Jan. 2024 |
Feb. 2024 |
Annual | Monthly | ||||||
Feb. 2023 to Feb. 2024 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
|||||
Nonmanufacturing |
14.845 | 176.2 | 179.6 | -5.7 | -2.5 | -1.6 | 3.8 | 1.9 | |
Agriculture, forestry, fishing and hunting |
11 |
4.574 | 186.7 | 188.3 | -15.6 | 0.3 | 0.5 | -2.3 | 0.9 |
Crop production |
111 |
4.279 | 196.6 | 198.1 | -16.6 | 0.4 | 0.6 | -2.6 | 0.8 |
Mining |
21 |
10.271 | 112.2 | 114.8 | -0.4 | -3.9 | -2.8 | 6.9 | 2.3 |
Oil and gas extraction (Dec. 2021=100) |
211 |
8.923 | 99.8 | 102.7 | 1.6 | -5.0 | -2.9 | 7.7 | 2.9 |
Mining (except oil and gas) |
212 |
1.348 | 137.0 | 134.9 | -12.0 | 2.9 | -2.0 | 2.2 | -1.5 |
Manufacturing |
83.501 | 133.1 | 133.9 | -1.0 | -0.4 | -0.6 | 0.2 | 0.6 | |
Manufacturing, part 1 |
31 |
6.488 | 171.5 | 172.0 | -2.7 | -0.2 | -0.2 | -0.1 | 0.3 |
Food manufacturing |
311 |
4.679 | 202.4 | 202.9 | -2.8 | -0.5 | -0.2 | 0.0 | 0.2 |
Beverage and tobacco product manufacturing |
312 |
0.537 | 142.5 | 141.8 | -5.1 | 1.3 | 0.4 | -0.6 | -0.5 |
Manufacturing, part 2 |
32 |
25.278 | 131.8 | 133.7 | -4.9 | -1.8 | -2.3 | -0.4 | 1.4 |
Wood product manufacturing (Dec. 2017=100) |
321 |
0.427 | 118.3 | 117.7 | -0.3 | 0.5 | 0.4 | 0.8 | -0.5 |
Petroleum and coal products manufacturing |
324 |
5.758 | 140.1 | 146.2 | -10.4 | -6.5 | -9.2 | 2.3 | 4.4 |
Chemical manufacturing |
325 |
14.438 | 129.6 | 130.6 | -3.0 | -0.1 | -0.2 | -1.5 | 0.8 |
Plastics and rubber products manufacturing |
326 |
2.258 | 134.9 | 135.4 | 1.6 | -0.1 | 0.1 | 0.5 | 0.4 |
Nonmetallic mineral product manufacturing |
327 |
0.739 | 132.2 | 131.8 | 0.8 | -0.2 | 0.1 | -0.5 | -0.3 |
Manufacturing, part 3 |
33 |
51.734 | 129.9 | 130.1 | 1.2 | 0.2 | 0.2 | 0.5 | 0.2 |
Primary metal manufacturing |
331 |
4.361 | 197.9 | 196.0 | -6.7 | 3.1 | 0.9 | -0.5 | -1.0 |
Machinery manufacturing |
333 |
9.516 | 150.9 | 151.5 | 2.6 | -0.1 | 0.0 | 0.4 | 0.4 |
Computer and electronic product manufacturing |
334 |
12.606 | 83.0 | 83.3 | -0.5 | -0.2 | 0.0 | 0.1 | 0.4 |
Transportation equipment manufacturing |
336 |
13.375 | 148.9 | 149.2 | 4.9 | 0.3 | 0.3 | 1.6 | 0.2 |
Furniture and related product manufacturing (Dec. 2023=100) |
337 |
0.354 | 101.8 | 101.8 | - | - | - | 1.8 | 0.0 |
Miscellaneous manufacturing |
339 |
5.046 | 140.4 | 140.8 | 3.1 | 0.1 | 0.6 | 0.9 | 0.3 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Harmo- nized system |
Relative importance Jan. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Jan. 2024 |
Feb. 2024 |
Annual | Monthly | ||||||
Feb. 2023 to Feb. 2024 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
|||||
Live animals; animal products |
I |
1.408 | 225.2 | 237.4 | -0.3 | -2.7 | -0.6 | 1.5 | 5.4 |
Meat and edible meat offal |
02 |
0.462 | 322.1 | 336.3 | 13.0 | -2.6 | 1.1 | 1.5 | 4.4 |
Fish and crustaceans, molluscs and other aquatic invertebrates |
03 |
0.755 | 140.1 | 148.8 | -8.9 | -3.4 | -2.6 | 3.2 | 6.2 |
Vegetable products |
II |
2.300 | 275.4 | 273.0 | 4.4 | 3.0 | 0.5 | 4.8 | -0.9 |
Edible vegetables, roots, and tubers |
07 |
0.604 | 577.5 | 505.9 | 6.3 | 3.6 | -1.2 | 7.5 | -12.4 |
Edible fruit and nuts; peel of citrus fruit or melons |
08 |
0.927 | 149.5 | 146.2 | 11.3 | 5.0 | 0.8 | 11.6 | -2.2 |
Coffee, tea, mate and spices |
09 |
0.387 | 290.7 | 294.4 | -3.3 | 2.7 | 3.6 | -5.6 | 1.3 |
Animal or vegetable fats and oils (Dec. 2009=100) |
III |
0.441 | 145.0 | 145.7 | -3.3 | -0.3 | 0.8 | -2.4 | 0.5 |
Animal or vegetable fats and oils and their cleavage products; prepared (Dec. 2023=100) |
15 |
0.441 | 97.6 | 98.1 | - | - | - | -2.4 | 0.5 |
Prepared foodstuffs, beverages, and tobacco |
IV |
3.459 | 198.4 | 200.5 | 3.4 | 0.8 | 0.3 | -0.2 | 1.1 |
Sugars and sugar confectionary (Dec. 2021=100) |
17 |
0.239 | 123.7 | 123.3 | 10.3 | 0.3 | 0.7 | 1.7 | -0.3 |
Cocoa and cocoa preparations (Dec. 2009=100) |
18 |
0.275 | 141.5 | 159.2 | 40.5 | 2.8 | 3.6 | 4.4 | 12.5 |
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100) |
19 |
0.497 | 100.2 | 100.2 | - | - | - | 0.2 | 0.0 |
Miscellaneous edible preparations (Dec. 2022=100) |
21 |
0.423 | 99.6 | 99.2 | -0.8 | 0.9 | 0.6 | -0.8 | -0.4 |
Beverages, spirits, and vinegar |
22 |
1.113 | 154.1 | 154.4 | 1.8 | -0.2 | 0.3 | -0.4 | 0.2 |
Mineral products |
V |
7.937 | 274.8 | 279.7 | -4.3 | -6.2 | -7.9 | 1.2 | 1.8 |
Mineral fuels, oils and residuals, bituminous substances and mineral waxes |
27 |
7.638 | 268.1 | 272.8 | -4.0 | -6.4 | -8.2 | 1.4 | 1.8 |
Products of the chemical or allied industries |
VI |
10.882 | 173.8 | 173.9 | -0.8 | 0.0 | 0.1 | 1.6 | 0.1 |
Organic chemicals |
29 |
2.271 | 137.5 | 137.7 | -7.1 | -0.3 | -0.7 | -3.6 | 0.1 |
Pharmaceutical products |
30 |
5.713 | 154.9 | 155.4 | 5.1 | 0.3 | 0.1 | 4.8 | 0.3 |
Fertilizers (Dec. 2022=100) |
31 |
0.220 | 61.8 | 60.0 | -27.6 | -3.3 | 1.3 | -0.6 | -2.9 |
Tanning extracts; dye, pigments, varnish, paints & putty (Dec. 2022=100) |
32 |
0.200 | 101.4 | 100.9 | -2.2 | -1.0 | 0.2 | 0.1 | -0.5 |
Miscellaneous chemical products |
38 |
0.938 | 116.8 | 116.8 | -5.0 | -0.9 | -0.2 | 0.1 | 0.0 |
Plastics and articles thereof; rubber and articles thereof |
VII |
3.773 | 153.5 | 153.8 | -1.9 | -0.3 | -0.4 | 0.1 | 0.2 |
Plastics and articles thereof |
39 |
2.520 | 150.8 | 151.2 | -3.5 | -0.2 | -0.8 | 0.3 | 0.3 |
Rubber and articles thereof |
40 |
1.253 | 161.7 | 162.0 | 1.2 | -0.2 | 0.3 | -0.4 | 0.2 |
Printed matter (Dec. 2023=100) |
49 |
0.170 | 100.0 | 100.0 | - | - | - | 0.0 | 0.0 |
Textile and textile articles |
XI |
4.565 | 120.6 | 120.7 | -0.1 | 0.0 | 0.1 | 0.2 | 0.1 |
Articles of apparel and clothing accessories, knitted or crocheted (Dec. 2023=100) |
61 |
1.958 | 100.4 | 100.4 | - | - | - | 0.4 | 0.0 |
Articles of apparel and clothing accessories, not knitted or crocheted |
62 |
1.422 | 126.7 | 126.8 | -0.5 | 0.0 | 0.0 | 0.1 | 0.1 |
Made-up or worn textile articles (Dec. 2023=100) |
63 |
0.623 | 99.6 | 99.6 | - | - | - | -0.4 | 0.0 |
Headgear, umbrellas, artificial flowers, etc. |
XII |
1.459 | 126.6 | 126.6 | 0.3 | 0.1 | -0.2 | -0.2 | 0.0 |
Footwear and parts of such articles |
64 |
1.194 | 123.6 | 123.7 | 0.7 | 0.2 | -0.3 | -0.1 | 0.1 |
Stone, plaster, cement, asbestos, ceramics, glass etc. |
XIII |
0.949 | 137.6 | 137.6 | 1.3 | -0.2 | 0.0 | 0.6 | 0.0 |
Articles of stone, plaster, cement, asbestos, or mica (Dec. 2020=100) |
68 |
0.330 | 101.1 | 101.1 | -1.2 | -0.2 | -0.2 | -0.2 | 0.0 |
Glass and glassware (Dec. 2021=100) |
70 |
0.344 | 109.6 | 109.6 | 5.8 | -0.1 | 0.2 | 1.7 | 0.0 |
Pearls, stones, precious metals, imitation jewelry, and coins |
XIV |
3.056 | 225.4 | 223.2 | -6.5 | 2.8 | 0.7 | 0.2 | -1.0 |
Pearls, precious stones, precious metals jewelry, coin (Dec. 2023=100) |
71 |
3.056 | 100.2 | 99.2 | - | - | - | 0.2 | -1.0 |
Base metals and articles of base metals |
XV |
5.862 | 227.2 | 225.6 | -6.0 | -0.4 | 0.4 | 0.0 | -0.7 |
Articles of iron or steel |
73 |
1.755 | 194.0 | 193.3 | -6.4 | -0.7 | 0.0 | -0.2 | -0.4 |
Copper and articles thereof |
74 |
0.496 | 380.0 | 370.1 | -6.4 | 1.7 | 2.6 | 1.3 | -2.6 |
Aluminum and articles thereof |
76 |
1.043 | 183.4 | 181.5 | -8.6 | -0.6 | 1.1 | -2.1 | -1.0 |
Tools, implements, cutlery, spoons and forks, of base metal; parts thereof |
82 |
0.414 | 133.0 | 133.8 | 1.6 | -0.1 | 0.2 | 0.5 | 0.6 |
Miscellaneous articles of base metal |
83 |
0.513 | 142.9 | 142.8 | -5.3 | -0.5 | -0.1 | -0.4 | -0.1 |
Machinery, electrical equipment, TV image and sound recorders, parts, etc. |
XVI |
30.721 | 82.4 | 82.5 | -0.6 | -0.1 | -0.1 | 0.4 | 0.1 |
Machinery and mechanical appliances; parts thereof |
84 |
15.381 | 89.6 | 89.9 | -0.3 | -0.2 | -0.1 | 0.4 | 0.3 |
Electrical machinery and equip, sound and TV recorders & reproducers, parts |
85 |
15.340 | 75.6 | 75.6 | -0.9 | 0.0 | -0.1 | 0.3 | 0.0 |
Vehicles, aircraft, vessels and associated transport equipment |
XVII |
11.855 | 123.5 | 123.5 | 1.6 | 0.0 | -0.1 | 0.7 | 0.0 |
Motor vehicles and their parts |
87 |
11.089 | 122.6 | 122.7 | 1.7 | 0.0 | -0.1 | 0.7 | 0.1 |
Aircraft, spacecraft, and parts thereof (Dec. 2020=100) |
88 |
0.624 | 107.3 | 106.9 | -1.0 | 0.0 | 0.0 | 0.1 | -0.4 |
Optical, photo, measuring, medical & musical instruments; & timepieces |
XVIII |
4.182 | 109.8 | 109.8 | 3.0 | -0.1 | 0.5 | 0.9 | 0.0 |
Optical, photographic, measuring and medical instruments |
90 |
3.934 | 105.2 | 105.1 | 2.7 | 0.0 | 0.5 | 0.8 | -0.1 |
Miscellaneous manufactured articles |
XX |
4.600 | 120.3 | 120.2 | 0.0 | -0.2 | -0.3 | 0.7 | -0.1 |
Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs |
94 |
2.558 | 127.1 | 126.9 | -0.8 | -0.5 | -0.3 | 0.6 | -0.2 |
Toys, games and sports equipment; parts and accessories thereof |
95 |
1.729 | 106.9 | 107.0 | 0.6 | -0.1 | 0.0 | 0.5 | 0.1 |
Miscellaneous manufactured articles |
96 |
0.313 | 151.4 | 151.4 | 3.4 | 0.0 | 0.0 | 2.6 | 0.0 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Harmo- nized system |
Relative import- ance Jan. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Jan. 2024 |
Feb. 2024 |
Annual | Monthly | ||||||
Feb. 2023 to Feb. 2024 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
|||||
Live animals; animal products |
I |
1.918 | 258.4 | 260.0 | -3.7 | -1.2 | -0.3 | 0.0 | 0.6 |
Meat & edible meat offal (Dec. 2006=100) |
02 |
1.238 | 223.6 | 224.7 | 8.1 | -1.7 | 0.1 | 1.4 | 0.5 |
Vegetable products |
II |
4.184 | 243.8 | 244.6 | -17.3 | -0.1 | 0.9 | -2.6 | 0.3 |
Edible fruit and nuts; peel of citrus fruit or melons |
08 |
0.836 | 144.7 | 152.0 | 10.9 | 5.6 | 4.0 | -1.4 | 5.0 |
Cereals |
10 |
1.179 | 237.7 | 240.0 | -28.8 | -3.2 | -2.0 | -2.9 | 1.0 |
Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder |
12 |
1.782 | 259.5 | 249.7 | -21.8 | 1.5 | -0.6 | -2.3 | -3.8 |
Prepared foodstuffs, beverages, and tobacco |
IV |
3.001 | 188.2 | 187.7 | -0.6 | 0.6 | 0.6 | 0.2 | -0.3 |
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100) |
19 |
0.297 | 100.0 | 100.3 | - | - | - | 0.0 | 0.3 |
Miscellaneous edible preparations (Dec. 2017=100) |
21 |
0.653 | 123.0 | 123.1 | 5.5 | -1.4 | 2.7 | 3.2 | 0.1 |
Residues and waste from the food industries; prepared animal feed |
23 |
0.710 | 295.4 | 292.7 | -10.5 | 3.3 | 0.6 | -2.2 | -0.9 |
Mineral products |
V |
16.077 | 287.2 | 295.9 | -4.2 | -4.9 | -5.3 | 5.2 | 3.0 |
Ores, slag and ash (Dec. 2012=100) |
26 |
0.401 | 119.1 | 117.7 | -17.7 | -1.6 | -1.1 | -1.8 | -1.2 |
Mineral fuels, oils and residuals, bituminous substances and mineral waxes |
27 |
15.482 | 275.6 | 284.4 | -3.8 | -5.1 | -5.6 | 5.5 | 3.2 |
Products of the chemical or allied industries |
VI |
12.381 | 156.2 | 157.3 | -4.1 | -0.6 | -0.3 | -1.7 | 0.7 |
Pharmaceutical products |
30 |
4.368 | 103.5 | 103.6 | -3.4 | -0.1 | 0.1 | -3.9 | 0.1 |
Essential oils and resinoids; perfumery cosmetic or toilet preparations |
33 |
0.824 | 149.3 | 145.0 | -1.6 | 0.0 | -0.3 | 0.9 | -2.9 |
Miscellaneous chemical products |
38 |
2.257 | 189.3 | 189.8 | -0.1 | -0.3 | 0.1 | -1.5 | 0.3 |
Rubber and articles thereof |
40 |
0.840 | 174.5 | 191.4 | 13.4 | -0.2 | 0.4 | 0.6 | 9.7 |
Wood, wood charcoal, cork, straw, baskets and wickerwork (Dec. 2014=100) |
IX |
0.468 | 108.3 | 108.2 | -4.0 | 0.4 | 0.6 | 1.0 | -0.1 |
Wood and articles of wood; wood charcoal (Dec. 2023=100) |
44 |
0.468 | 101.0 | 100.9 | - | - | - | 1.0 | -0.1 |
Woodpulp and recovered paper (Dec. 2019=100) |
47 |
0.531 | 159.1 | 159.9 | -11.0 | 0.5 | 4.4 | 1.1 | 0.5 |
Cotton, including yarns and woven fabrics thereof |
52 |
0.574 | 153.5 | 161.9 | -5.3 | -1.3 | -2.9 | -1.9 | 5.5 |
Stone, plaster, cement, asbestos, ceramics, glass etc. |
XIII |
0.752 | 154.0 | 153.7 | 5.3 | -0.1 | 0.1 | 1.3 | -0.2 |
Glass and glassware (Dec. 2019=100) |
70 |
0.432 | 114.3 | 114.3 | 3.7 | 0.0 | 0.3 | -0.5 | 0.0 |
Pearls, stones, precious metals, imitation jewelry, and coins |
XIV |
4.835 | 314.2 | 310.9 | -4.2 | 4.0 | 1.2 | 0.6 | -1.1 |
Pearls, precious stones, precious metals; jewelry, coin (Dec. 2023=100) |
71 |
4.835 | 100.6 | 99.6 | - | - | - | 0.6 | -1.0 |
Base metals and articles of base metals |
XV |
4.435 | 208.2 | 209.6 | -1.5 | -1.4 | 1.9 | -0.3 | 0.7 |
Copper and articles thereof |
74 |
0.536 | 258.0 | 260.1 | -7.6 | -0.5 | 2.6 | 0.7 | 0.8 |
Aluminum and articles thereof |
76 |
0.707 | 145.5 | 146.2 | -3.0 | 0.0 | 0.7 | 0.7 | 0.5 |
Miscellaneous articles of base metal (Dec. 2022=100) |
83 |
0.329 | 103.1 | 105.2 | 6.6 | 0.0 | -0.1 | -1.5 | 2.0 |
Machinery, electrical equipment, TV image and sound recorders, parts, etc. |
XVI |
26.427 | 107.5 | 108.1 | 1.9 | -0.1 | 0.0 | 0.9 | 0.6 |
Machinery and mechanical appliances; parts thereof |
84 |
15.701 | 132.8 | 133.6 | 4.0 | -0.1 | -0.1 | 1.5 | 0.6 |
Electrical machinery and equipment and parts and accessories thereof |
85 |
10.726 | 81.3 | 81.7 | -1.1 | -0.1 | 0.0 | 0.1 | 0.5 |
Vehicles, aircraft, vessels and associated transport equipment |
XVII |
9.751 | 154.2 | 154.3 | 2.9 | 0.3 | 0.3 | 0.4 | 0.1 |
Motor vehicles and their parts |
87 |
7.283 | 128.9 | 128.9 | 3.0 | 0.4 | 0.4 | 0.4 | 0.0 |
Optical, photo, measuring, medical & musical instruments; & timepieces |
XVIII |
5.811 | 119.6 | 119.6 | 3.9 | 0.1 | 0.3 | 0.7 | 0.0 |
Optical, photographic, measuring and medical instruments (Dec. 2023=100) |
90 |
5.759 | 100.7 | 100.7 | - | - | - | 0.7 | 0.0 |
Miscellaneous manufactured articles |
XX |
1.165 | 135.5 | 135.6 | -0.7 | -0.5 | 0.1 | 0.7 | 0.1 |
Furniture; stuffed furnishings; lamps and lighting fittings nesoi |
94 |
0.578 | 149.7 | 149.7 | 0.1 | 0.0 | 0.0 | 1.3 | 0.0 |
Toys, games and sports equipment; parts and accessories thereof |
95 |
0.451 | 118.7 | 118.8 | 0.8 | -0.1 | 0.6 | 0.1 | 0.1 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Jan. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Jan. 2024 |
Feb. 2024 |
Annual | Monthly | |||||
Feb. 2023 to Feb. 2024 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
||||
Industrialized Countries(2) |
100.000 | 143.9 | 144.6 | -0.3 | -1.1 | -1.2 | 0.8 | 0.5 |
Nonmanufacturing |
9.819 | 226.6 | 236.0 | -1.4 | -7.3 | -11.1 | 0.5 | 4.1 |
Manufacturing |
89.785 | 137.0 | 137.0 | -0.1 | -0.1 | 0.1 | 0.9 | 0.0 |
Canada |
100.000 | 165.5 | 167.5 | -3.9 | -3.3 | -4.0 | 0.2 | 1.2 |
Nonmanufacturing |
29.706 | 221.1 | 230.2 | -2.0 | -7.5 | -11.8 | 0.5 | 4.1 |
Manufacturing |
69.396 | 154.4 | 154.2 | -4.8 | -1.0 | -0.3 | 0.1 | -0.1 |
European Union |
100.000 | 157.6 | 157.7 | 1.6 | -0.2 | 0.4 | 1.3 | 0.1 |
Manufacturing |
99.320 | 153.2 | 153.4 | 1.7 | -0.2 | 0.4 | 1.3 | 0.1 |
France (Dec. 2003=100) |
100.000 | 157.4 | 157.6 | 7.9 | -0.1 | 0.3 | 4.4 | 0.1 |
Germany (Dec. 2003=100) |
100.000 | 123.8 | 124.2 | -1.7 | 0.1 | 0.4 | 0.1 | 0.3 |
United Kingdom (Dec. 2003=100) |
100.000 | 137.2 | 139.2 | 2.5 | -0.3 | 0.0 | 0.4 | 1.5 |
Latin America(3) |
100.000 | 171.8 | 173.5 | 2.6 | -0.1 | -0.2 | 1.1 | 1.0 |
Nonmanufacturing |
13.805 | 338.4 | 354.1 | 11.1 | -1.6 | -2.6 | 2.1 | 4.6 |
Manufacturing |
85.942 | 138.3 | 138.8 | 1.3 | 0.2 | 0.2 | 0.9 | 0.4 |
Mexico (Dec. 2003=100) |
100.000 | 145.9 | 146.7 | 3.5 | -0.1 | -0.4 | 1.2 | 0.5 |
Nonmanufacturing (Dec. 2008=100) |
8.691 | 177.9 | 186.9 | 22.6 | -2.9 | -4.5 | 6.5 | 5.1 |
Manufacturing (Dec. 2008=100) |
91.061 | 99.4 | 99.5 | 1.7 | 0.1 | 0.0 | 0.8 | 0.1 |
Pacific Rim (Dec. 2003=100)(4) |
100.000 | 102.2 | 102.1 | -1.8 | -0.2 | -0.3 | 0.1 | -0.1 |
China (Dec. 2003=100) |
100.000 | 100.6 | 100.4 | -3.1 | -0.3 | -0.1 | -0.4 | -0.2 |
Japan |
100.000 | 102.6 | 102.5 | 1.5 | 0.1 | -0.1 | 1.1 | -0.1 |
Taiwan (Dec. 2018=100) |
100.000 | 108.5 | 108.5 | -2.3 | -0.3 | 0.0 | -0.5 | 0.0 |
Asian NICs(5) |
100.000 | 94.4 | 94.1 | -3.1 | -0.5 | -0.4 | -0.3 | -0.3 |
ASEAN (Dec. 2003=100)(6) |
100.000 | 100.1 | 100.0 | -3.5 | -0.5 | -0.6 | 0.0 | -0.1 |
Asia Near East (Dec. 2003=100)(7) |
100.000 | 207.8 | 213.0 | -3.3 | -3.7 | -3.7 | 0.0 | 2.5 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Jan. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Jan. 2024 |
Feb. 2024 |
Annual | Monthly | |||||
Feb. 2023 to Feb. 2024 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
||||
Industrialized Countries(2) |
100.000 | 120.9 | 121.3 | 0.5 | -0.7 | 0.1 | 1.2 | 0.3 |
Nonmanufacturing |
15.139 | 144.0 | 145.4 | -0.2 | -5.1 | -1.4 | 5.7 | 1.0 |
Manufacturing |
83.318 | 118.3 | 118.5 | 0.5 | -0.1 | 0.2 | 0.5 | 0.2 |
Canada |
100.000 | 127.4 | 127.8 | -0.8 | -0.5 | 0.2 | -0.5 | 0.3 |
Nonmanufacturing (Dec. 2020=100) |
7.401 | 135.9 | 137.9 | 0.9 | -0.8 | -0.1 | -1.5 | 1.5 |
Manufacturing (Dec. 2020=100) |
90.855 | 119.0 | 119.2 | -1.1 | -0.7 | 0.2 | -0.4 | 0.2 |
European Union |
100.000 | 118.7 | 120.5 | 2.8 | -1.3 | -0.3 | 1.7 | 1.5 |
Nonmanufacturing |
22.486 | 138.3 | 143.1 | 2.6 | -6.7 | -2.3 | 2.5 | 3.5 |
Manufacturing |
75.984 | 115.1 | 116.2 | 2.7 | -0.3 | -0.1 | 1.6 | 1.0 |
Germany |
100.000 | 122.5 | 122.9 | 6.4 | 0.6 | 0.3 | 4.0 | 0.3 |
Latin America(3) |
100.000 | 122.2 | 123.5 | -2.6 | -1.5 | -2.0 | 1.3 | 1.1 |
Nonmanufacturing |
7.722 | 145.1 | 144.7 | -5.9 | -1.5 | -0.5 | 2.9 | -0.3 |
Manufacturing |
91.671 | 120.6 | 122.1 | -2.2 | -1.6 | -2.2 | 1.2 | 1.2 |
Mexico |
100.000 | 121.8 | 122.8 | -2.1 | -1.8 | -1.5 | 0.8 | 0.8 |
Nonmanufacturing |
6.421 | 121.4 | 116.5 | -11.5 | -2.2 | -2.0 | 1.1 | -4.0 |
Manufacturing |
92.692 | 122.8 | 124.2 | -1.4 | -1.8 | -1.5 | 0.8 | 1.1 |
Pacific Rim(4) |
100.000 | 113.5 | 114.5 | -2.1 | -0.6 | -0.2 | 1.1 | 0.9 |
Nonmanufacturing |
20.559 | 118.9 | 121.2 | -9.2 | -4.9 | -1.0 | 3.6 | 1.9 |
Manufacturing |
78.218 | 113.8 | 114.6 | 0.1 | 0.5 | 0.0 | 0.4 | 0.7 |
China |
100.000 | 106.6 | 107.8 | -4.4 | -0.5 | 0.0 | -1.4 | 1.1 |
Nonmanufacturing |
24.545 | 104.0 | 103.8 | -13.9 | -2.6 | 0.0 | -2.7 | -0.2 |
Manufacturing |
73.965 | 109.9 | 111.5 | -0.6 | 0.4 | -0.1 | -0.9 | 1.5 |
Japan |
100.000 | 110.0 | 110.5 | -6.9 | -1.7 | 0.2 | 0.9 | 0.5 |
Nonmanufacturing |
22.339 | 126.8 | 129.5 | -10.6 | -5.4 | 2.5 | 7.3 | 2.1 |
Manufacturing |
76.503 | 106.0 | 105.9 | -4.6 | -0.5 | -0.7 | -0.7 | -0.1 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Index | Percent change | |||||
---|---|---|---|---|---|---|---|
Jan. 2024 |
Feb. 2024 |
Annual | Monthly | ||||
Feb. 2023 to Feb. 2024 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
|||
Industrialized Countries(2) |
102.8 | 102.7 | 0.9 | 0.4 | 1.3 | 0.3 | -0.1 |
Canada |
101.2 | 100.3 | 3.3 | 2.8 | 4.4 | -0.8 | -0.9 |
European Union |
101.4 | 102.8 | 1.2 | -1.1 | -0.7 | 0.4 | 1.4 |
Germany |
113.9 | 113.9 | 8.2 | 0.5 | -0.1 | 3.9 | 0.0 |
Latin America(3) |
105.9 | 106.0 | -5.1 | -1.5 | -1.9 | 0.3 | 0.1 |
Mexico |
107.7 | 108.0 | -5.3 | -1.7 | -1.1 | -0.4 | 0.3 |
Pacific Rim(4) |
109.3 | 110.4 | -0.3 | -0.5 | 0.1 | 1.0 | 1.0 |
China |
106.1 | 107.5 | -1.4 | -0.2 | 0.1 | -0.9 | 1.3 |
Japan |
102.4 | 103.0 | -8.2 | -1.8 | 0.3 | -0.2 | 0.6 |
Footnotes |
|||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Jan. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Jan. 2024 |
Feb. 2024 |
Annual | Monthly | |||||
Feb. 2023 to Feb. 2024 |
Oct. 2023 to Nov. 2023 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
||||
Air Freight |
||||||||
Import Air Freight |
100.000 | 228.4 | 225.5 | -5.9 | 4.2 | 12.0 | -14.8 | -1.3 |
Europe (Dec. 2003=100) |
23.229 | 161.0 | 167.8 | -38.1 | -3.3 | 2.1 | -11.9 | 4.2 |
Asia |
75.912 | 235.9 | 228.5 | 10.2 | 6.5 | 15.7 | -17.1 | -3.1 |
Export Air Freight |
100.000 | 180.5 | 183.9 | -9.5 | 3.4 | -0.3 | 2.5 | 1.9 |
Europe (Dec. 2006=100) |
26.376 | 130.1 | 131.6 | -13.1 | -2.3 | -1.3 | -0.2 | 1.2 |
Asia (Dec. 2011=100) |
51.574 | 150.2 | 154.7 | -4.8 | 8.1 | 1.1 | 2.8 | 3.0 |
Inbound Air Freight |
100.000 | 173.9 | 174.8 | -3.1 | 6.3 | 5.5 | -7.6 | 0.5 |
Europe (Dec. 2003=100) |
25.078 | 134.2 | 140.7 | -23.5 | -0.6 | 2.6 | -9.0 | 4.8 |
Asia |
61.556 | 170.8 | 168.4 | 7.4 | 11.1 | 8.0 | -9.4 | -1.4 |
Outbound Air Freight |
100.000 | 178.3 | 181.4 | -14.5 | -1.9 | -1.1 | 1.8 | 1.7 |
Europe (Dec. 2003=100) |
33.169 | 163.5 | 164.9 | -16.2 | -2.2 | -0.9 | 0.1 | 0.9 |
Asia |
46.567 | 203.3 | 209.9 | -12.9 | -2.0 | -0.8 | 2.9 | 3.2 |
Air Passenger Fares |
||||||||
Import Air Passenger Fares |
100.000 | 178.0 | 178.0 | 0.5 | -0.4 | 6.9 | -6.2 | 0.0 |
Europe |
47.189 | 195.1 | 197.7 | 3.6 | -7.6 | 1.6 | 1.2 | 1.3 |
Asia |
11.705 | 162.0 | 157.9 | -7.3 | 0.2 | 11.4 | -18.2 | -2.5 |
Latin America/Caribbean |
9.071 | 136.4 | 145.6 | -13.2 | 5.3 | 9.2 | -20.9 | 6.7 |
Export Air Passenger Fares |
100.000 | 193.8 | 174.3 | -2.7 | 1.3 | -3.4 | 10.8 | -10.1 |
Europe |
33.950 | 213.6 | 204.1 | -2.9 | -8.0 | -5.1 | 7.0 | -4.4 |
Asia |
13.232 | 220.6 | 179.2 | -8.9 | 2.6 | -3.8 | 15.4 | -18.8 |
Latin America/Caribbean |
34.277 | 205.7 | 173.4 | -4.1 | 4.9 | -4.5 | 17.3 | -15.7 |
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.