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Transmission of material in this release is embargoed until USDL-24-0656 8:30 a.m. (ET) Friday, April 12, 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 - MARCH 2024 Prices for U.S. imports advanced 0.4 percent in March following a 0.3-percent rise the previous month, the U.S. Bureau of Labor Statistics reported today. Higher prices for fuel and nonfuel imports contributed to the overall increase. U.S. export prices rose 0.3 percent in March, after advancing 0.7 percent in February. Imports U.S. import prices increased for the third consecutive month in March, advancing 1.4 percent over the first quarter of 2024. The quarterly increase was the largest 3-month rise since the index rose 3.9 percent from February to May 2022. Prices for U.S. imports advanced 0.4 percent for the year ended in March, the first 12-month increase since January 2023. (See table 1.) Fuel Imports: The price index for import fuel rose 4.7 percent in March, after increasing 1.3 percent the previous month. The March advance was the largest 1-month rise since the index increased 6.4 percent in September 2023. Higher petroleum prices in March more than offset lower natural gas prices. Prices for import fuel rose 4.8 percent over the past year, the first 12-month advance since January 2023. Prices for import petroleum increased 6.0 percent in March, the largest monthly advance since September 2023. Petroleum prices rose 7.5 percent for the year ended in March, the largest 12-month increase since the index last advanced on a 12-month basis in December 2022. In contrast, import natural gas prices declined 31.9 percent in March following a 14.3-percent drop in February. The March decrease was the largest monthly decline since February 2023. Prices for natural gas fell 50.3 percent over the past year. All Imports Excluding Fuel: Prices for nonfuel imports ticked up 0.1 percent in March following a 0.2- percent advance in February. Nonfuel import prices last recorded a monthly decline in October 2023. Higher prices for foods, feeds, and beverages; nonfuel industrial supplies and materials; and automotive vehicles in March more than offset lower prices for consumer goods and capital goods. Prices for nonfuel imports were unchanged for the year ended in March. Foods, Feeds, and Beverages: Foods, feeds, and beverages prices rose 1.6 percent in March, the largest 1- month advance since July 2023. Higher prices for vegetables, meat, and bakery and confectionary products in March more than offset lower fruit prices. Nonfuel Industrial Supplies and Materials: The price index for nonfuel industrial supplies and materials increased 0.6 percent in March, after decreasing 0.5 percent the previous month. The March advance was the largest monthly rise since December 2022. Higher prices for both finished and unfinished metals more than offset lower chemicals prices. Finished Goods: Prices for each of the major finished goods import categories were mixed in March. Consumer goods prices declined 0.3 percent following a 0.4-percent increase in February. Prices for capital goods fell 0.3 percent in March, the largest 1-month decrease since November 2019. The March drop was driven by a 3.5-percent decline in electric apparatus and parts not elsewhere specified. In contrast, automotive vehicles prices rose 0.2 percent in March, after advancing 0.1 percent the previous month. Table A. Percent change in Import and Export Price Indexes, selected categories
Month | IMPORTS | EXPORTS | ||||
---|---|---|---|---|---|---|
All imports |
Fuel imports |
Nonfuel imports |
All exports |
Agri- cultural exports |
Non- agricultural exports |
|
2023 |
||||||
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 | 0.0 | -0.8 |
December |
-0.7 | -8.0 | 0.1 | -0.7 | (r)-0.3 | -0.7 |
2024 |
||||||
January |
(r)0.7 | (r)1.5 | (r)0.6 | (r)0.8 | (r)-1.1 | (r)1.0 |
February |
0.3 | (r)1.3 | 0.2 | (r)0.7 | (r)0.7 | (r)0.6 |
March |
0.4 | 4.7 | 0.1 | 0.3 | -0.7 | 0.4 |
Mar. 2022 to 2023 |
-4.7 | -28.8 | -1.5 | -5.0 | -3.1 | -5.2 |
Mar. 2023 to 2024 |
0.4 | 4.8 | 0.0 | -1.4 | -8.1 | -0.6 |
Footnotes |
Exports Prices for U.S. exports advanced 0.3 percent in March, after rising 0.7 percent in February and 0.8 percent in January. Higher nonagricultural prices in March more than offset lower agricultural prices. Despite the recent increases, U.S. export prices fell 1.4 percent from March 2023 to March 2024, the smallest 12-month drop since the index declined 0.8 percent for the year ended February 2023. (See table 2.) Agricultural Exports: Agricultural export prices decreased 0.7 percent in March following a 0.7-percent increase the previous month. Lower prices for soybeans, corn, and wheat in March more than offset higher meat prices. Prices for agricultural exports declined 8.1 percent for the year ended in March. Price decreases for soybeans, corn, and wheat over the past year led the 12-month decline in agricultural prices. All Exports Excluding Agriculture: The price index for nonagricultural exports rose 0.4 percent in March, after increasing 0.6 percent in February. Nonagricultural export prices advanced 2.0 percent for the first quarter of 2024. Higher prices for nonagricultural industrial supplies and materials, consumer goods, and capital goods in March more than offset lower prices for nonagricultural foods. In spite of the recent increases, nonagricultural export prices fell 0.6 percent over the past 12 months, the smallest over the year decline since the index last advanced on an over-the-year basis in January 2023. Nonagricultural Industrial Supplies and Materials: Prices for nonagricultural industrial supplies and materials increased 0.6 percent in March following a 1.3-percent rise the previous month. The March advance was led by a 3.4-percent rise in nonferrous metals prices. Finished Goods: Prices for the major finished goods export categories were mostly up in March. Export consumer goods prices increased 0.5 percent, after being unchanged in February. The March advance was the largest monthly increase since February 2023. Higher prices in March for jewelry and household and kitchen appliances drove the increase in consumer goods prices. Prices for export capital goods rose 0.2 percent in March following a 0.3-percent advance the previous month. Higher prices for semiconductors and telecommunications equipment in March more than offset lower computer prices. The price index for automotive vehicles was unchanged for the second consecutive month in March. 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 edged down 0.1 percent for the second consecutive month in March. The price index for imports from China last increased on a 1-month basis in October 2022. The price index for imports from China declined 2.6 percent for the year ended in March. Import prices from Japan fell 0.7 percent in March following a 0.1-percent drop in February and a 1.1- percent advance in January. The March decrease was the largest monthly decline since the index fell 0.8 percent in April 2013. Despite the March drop, prices for imports from Japan rose 1.2 percent over the past year. In contrast, the price indexes for imports from Canada and Mexico increased in March, up 0.5 percent and 0.6 percent, respectively. Import prices from the European Union ticked up 0.1 percent in March, after advancing 0.4 percent the previous month. (See table 7.) Exports by Locality of Destination: The price index for exports to China ticked up 0.1 percent in March following a 0.8-percent advance in February. In spite of the recent increases, prices for exports to China declined 4.3 percent for the year ended in March. Export prices to Japan advanced 0.2 percent in March, after rising 1.3 percent the previous month. The price index for exports to Japan has not recorded a monthly decrease since November 2023. Despite the recent increases, prices for exports to Japan fell 4.9 percent over the past 12 months. Export prices to Canada advanced 0.3 percent in March, the largest 1-month increase since September 2023. Prices for exports to Canada fell 0.9 percent over the past year. The price index for exports to Mexico rose 0.2 percent in March and export prices to the European Union advanced 1.3 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 rose 0.2 percent in March, after increasing 0.8 percent the previous month. Both higher export prices to China and lower import prices from China in March contributed to the advance in the index for U.S. terms of trade. Despite the recent increases, U.S. terms of trade with China fell 1.7 percent over the past 12 months. U.S. terms of trade with Japan rose 0.9 percent in March following a 1.4-percent increase in February. In spite of the recent advances, U.S. terms of trade with Japan fell 6.0 percent over the past year. The index for U.S. terms of trade with Canada decreased 0.2 percent in March, after declining 0.9 percent the previous month. U.S. terms of trade with Mexico fell 0.4 percent in March and, in contrast, the index for U.S. terms of trade with the European Union rose 1.2 percent over the same period. (See table 9.) Import and Export Services Imports: Import air passenger fares rose 0.3 percent in March, after being unchanged the previous month. Higher Asian and Latin American/Caribbean fares in March more than offset lower European fares. Import air passenger fares declined 1.1 percent over the past 12 months. Prices for import air freight fell 1.6 percent in March following a 4.7-percent drop in February and a 15.2-percent decrease in January. The March decline was primarily driven by a 2.5-percent drop in Asian air freight prices. Import air freight prices decreased 8.5 percent for the year ended in March. (See table 10.) Exports: Export air passenger fares increased 4.0 percent in March, after falling 10.1 percent in February and rising 10.8 percent in January. Higher European, Latin American/Caribbean, and Asian fares all contributed to the March advance. The index for export air passenger fares declined 4.9 percent over the past year. Export air freight prices fell 1.3 percent in March, the largest monthly decrease since October 2023. The March decline was led by a 1.8-percent drop in Asian air freight prices. Export air freight prices fell 4.6 percent from March 2023 to March 2024. U.S. Import and Export Price Index data for April 2024 are scheduled for release on Thursday, May 16, 2024, at 8:30 a.m. (ET).
Description | End Use |
Relative import- ance Feb. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Feb. 2024 |
Mar. 2024 |
Annual | Monthly | ||||||
Mar. 2023 to Mar. 2024 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
|||||
All commodities |
100.000 | 139.8 | 140.4 | 0.4 | -0.7 | 0.7 | 0.3 | 0.4 | |
All imports excluding food and fuels (Dec. 2010=100) |
84.763 | 108.2 | 108.2 | -0.4 | 0.0 | 0.7 | 0.1 | 0.0 | |
All imports excluding petroleum |
92.487 | 124.0 | 124.0 | -0.2 | 0.0 | 0.6 | 0.1 | 0.0 | |
All imports excluding fuels (Dec. 2001=100) |
91.997 | 127.9 | 128.0 | 0.0 | 0.1 | 0.6 | 0.2 | 0.1 | |
Foods, feeds, & beverages |
0 |
7.234 | 218.5 | 221.9 | 4.5 | -0.2 | 1.5 | 0.3 | 1.6 |
Agricultural foods, feeds & beverages, excluding distilled beverages |
00 |
5.893 | 245.6 | 250.7 | 7.7 | 0.1 | 1.7 | -0.3 | 2.1 |
Nonagricultural foods (fish, distilled beverages) |
01 |
1.342 | 153.1 | 152.3 | -7.7 | -1.5 | 0.4 | 3.1 | -0.5 |
Industrial supplies & materials |
1 |
22.618 | 236.6 | 241.4 | -1.1 | -2.7 | 0.5 | 0.2 | 2.0 |
Industrial supplies & materials excluding petroleum |
15.131 | 197.1 | 197.0 | -5.2 | 0.4 | -0.1 | -0.7 | -0.1 | |
Industrial supplies & materials excluding fuels (Dec. 2001=100) |
14.603 | 220.5 | 221.8 | -4.1 | 0.5 | 0.1 | -0.5 | 0.6 | |
Industrial supplies & materials, durable |
9.274 | 213.5 | 215.8 | -4.6 | 0.4 | 0.1 | -0.5 | 1.1 | |
Industrial supplies & materials nondurable excluding petroleum |
5.831 | 178.5 | 175.4 | -6.2 | 0.3 | -0.1 | -1.1 | -1.7 | |
Fuels & lubricants |
10 |
8.003 | 272.0 | 284.7 | 4.8 | -8.0 | 1.5 | 1.3 | 4.7 |
Petroleum & petroleum products |
100 |
7.513 | 292.1 | 309.6 | 7.5 | -8.4 | 1.8 | 1.9 | 6.0 |
Crude petroleum |
10000 |
5.143 | 300.8 | 315.0 | 10.7 | -10.3 | 0.8 | 3.8 | 4.7 |
Fuels, n.e.s.-coals & gas |
101 |
0.332 | 157.9 | 121.9 | -40.7 | -2.9 | -3.6 | -11.0 | -22.8 |
Natural gas |
10110 |
0.234 | 134.4 | 91.5 | -50.3 | -3.6 | -4.8 | -14.3 | -31.9 |
Paper & paper base stocks |
11 |
0.531 | 137.6 | 136.4 | -5.0 | -0.2 | -0.6 | -1.3 | -0.9 |
Materials associated with nondurable supplies & materials |
12 |
4.810 | 194.4 | 193.9 | -3.2 | 0.8 | 0.1 | -0.2 | -0.3 |
Unfinished metals related to durable goods |
14 |
3.368 | 310.5 | 314.3 | -7.8 | 0.4 | 1.1 | -1.7 | 1.2 |
Finished metals related to durable goods |
15 |
2.560 | 213.9 | 219.0 | 1.4 | 1.5 | -1.5 | -0.5 | 2.4 |
Capital goods |
2 |
28.816 | 93.7 | 93.4 | -0.3 | -0.1 | 0.4 | 0.2 | -0.3 |
Nonelectrical machinery |
21 |
22.748 | 84.1 | 84.2 | -0.7 | -0.1 | 0.1 | 0.0 | 0.1 |
Transportation equipment excluding motor vehicles (Dec. 2001=100) |
22 |
1.658 | 157.7 | 160.3 | 6.2 | 0.1 | 1.6 | 1.4 | 1.6 |
Automotive vehicles, parts & engines |
3 |
13.634 | 120.1 | 120.3 | 2.4 | 0.0 | 0.8 | 0.1 | 0.2 |
Automotive vehicles, parts and engines, 2 digit (Dec. 2023=100) |
30 |
13.634 | 100.8 | 101.0 | - | - | 0.8 | 0.0 | 0.2 |
Consumer goods, excluding automotives |
4 |
27.699 | 111.0 | 110.7 | 0.5 | -0.1 | 1.1 | 0.4 | -0.3 |
Nondurables, manufactured |
40 |
13.873 | 128.0 | 128.0 | 2.3 | 0.0 | 2.0 | 0.2 | 0.0 |
Durables, manufactured |
41 |
12.773 | 94.6 | 94.4 | -1.3 | -0.1 | 0.1 | 0.1 | -0.2 |
Nonmanufactured consumer goods |
42 |
1.052 | 132.8 | 125.0 | -2.3 | 0.3 | -0.2 | 7.3 | -5.9 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | End Use |
Relative import- ance Feb. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Feb. 2024 |
Mar. 2024 |
Annual | Monthly | ||||||
Mar. 2023 to Mar. 2024 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
|||||
All commodities |
100.000 | 148.6 | 149.0 | -1.4 | -0.7 | 0.8 | 0.7 | 0.3 | |
Agricultural commodities |
9.541 | 229.6 | 227.9 | -8.1 | -0.3 | -1.1 | 0.7 | -0.7 | |
All exports excluding food and fuels (Dec. 2010=100) |
74.726 | 114.7 | 115.3 | 0.3 | 0.3 | 0.1 | 0.3 | 0.5 | |
All exports excluding fuels (June 2022=100) |
83.437 | 99.3 | 99.6 | -0.4 | 0.3 | -0.1 | 0.4 | 0.3 | |
Nonagricultural commodities |
90.459 | 142.3 | 142.8 | -0.6 | -0.7 | 1.0 | 0.6 | 0.4 | |
Foods, feeds, & beverages |
0 |
8.711 | 231.1 | 228.4 | -8.9 | 0.0 | -1.1 | 0.5 | -1.2 |
Agricultural foods, feeds & beverages, excluding distilled beverages |
00 |
8.329 | 233.3 | 230.4 | -8.8 | 0.0 | -1.1 | 0.5 | -1.2 |
Nonagricultural foods (fish, distilled beverages) |
01 |
0.382 | 190.0 | 188.9 | -12.2 | 0.6 | 0.7 | 0.8 | -0.6 |
Industrial supplies & materials |
1 |
38.268 | 199.5 | 200.8 | -3.2 | -2.0 | 1.9 | 1.3 | 0.7 |
Industrial supplies & materials, durable |
10.806 | 211.0 | 213.6 | -0.3 | 1.1 | 0.0 | 0.2 | 1.2 | |
Industrial supplies & materials, nondurable |
27.462 | 192.4 | 193.3 | -4.3 | -3.3 | 2.7 | 1.7 | 0.5 | |
Agricultural industrial supplies & materials |
10 |
1.185 | 214.4 | 219.6 | -3.4 | -2.2 | -1.2 | 1.9 | 2.4 |
Nonagricultural industrial supplies & materials |
37.083 | 199.1 | 200.3 | -3.2 | -2.0 | 2.0 | 1.3 | 0.6 | |
Fuels & lubricants |
11 |
16.563 | 243.4 | 243.5 | -4.6 | -5.1 | 4.9 | 2.0 | 0.0 |
Nonagricultural supplies & materials excluding fuels & building materials |
12 |
19.779 | 192.3 | 194.3 | -2.2 | 0.6 | -0.2 | 0.7 | 1.0 |
Selected building materials |
13 |
0.740 | 147.3 | 150.7 | -0.1 | 0.3 | -1.9 | -0.2 | 2.3 |
Capital goods |
2 |
31.684 | 122.9 | 123.1 | 1.9 | 0.1 | 0.8 | 0.3 | 0.2 |
Nonelectrical machinery |
21 |
22.544 | 102.5 | 102.6 | 1.2 | 0.0 | 0.4 | 0.4 | 0.1 |
Transportation equipment excluding motor vehicles (Dec. 2001=100) |
22 |
5.668 | 220.4 | 220.6 | 7.4 | 0.1 | 3.2 | 0.5 | 0.1 |
Automotive vehicles, parts & engines |
3 |
8.606 | 127.6 | 127.6 | 2.9 | 0.5 | 0.4 | 0.0 | 0.0 |
Vehicles-passenger (Dec. 2023=100) |
30 |
8.606 | 100.4 | 100.4 | - | - | 0.4 | 0.0 | 0.0 |
Consumer goods, excluding automotives |
4 |
12.731 | 117.4 | 118.0 | -0.8 | 0.3 | -1.2 | 0.0 | 0.5 |
Nondurables, manufactured |
40 |
6.748 | 107.3 | 107.3 | -2.5 | 0.2 | -2.3 | -0.2 | 0.0 |
Durables, manufactured |
41 |
4.827 | 120.1 | 121.9 | 2.5 | 0.4 | 0.3 | 0.1 | 1.5 |
Nonmanufactured consumer goods (Dec. 2018=100) |
42 |
1.157 | 127.1 | 126.8 | -3.8 | -0.1 | 0.0 | 0.0 | -0.2 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | NAICS | Relative import- ance Feb. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Feb. 2024 |
Mar. 2024 |
Annual | Monthly | ||||||
Mar. 2023 to Mar. 2024 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
|||||
Nonmanufacturing |
8.061 | 149.2 | 152.1 | 7.6 | -6.7 | 1.0 | 2.8 | 1.9 | |
Agriculture, forestry, fishing and hunting |
11 |
2.289 | 243.0 | 241.8 | 12.1 | 0.2 | 3.2 | 2.4 | -0.5 |
Crop production |
111 |
1.921 | 257.1 | 254.7 | 14.2 | 0.2 | 4.0 | 1.5 | -0.9 |
Animal production (Dec. 2022=100) |
112 |
0.247 | 120.2 | 122.9 | 8.8 | 0.4 | -2.0 | 11.1 | 2.2 |
Mining |
21 |
5.772 | 138.9 | 142.9 | 5.9 | -9.3 | 0.3 | 2.8 | 2.9 |
Oil and gas extraction |
211 |
5.535 | 137.3 | 141.3 | 6.6 | -9.7 | 0.5 | 2.8 | 2.9 |
Mining (except oil and gas) (Dec. 2022=100) |
212 |
0.237 | 106.9 | 110.3 | -8.4 | -1.2 | -5.3 | 2.7 | 3.2 |
Manufacturing |
91.611 | 121.8 | 122.2 | -0.3 | -0.2 | 0.7 | 0.0 | 0.3 | |
Manufacturing, part 1 |
31 |
11.955 | 139.0 | 139.6 | 0.6 | 0.1 | 0.1 | 0.8 | 0.4 |
Food manufacturing |
311 |
4.317 | 188.2 | 190.3 | 1.0 | -0.1 | 0.2 | 2.0 | 1.1 |
Beverage and tobacco product manufacturing |
312 |
1.175 | 141.6 | 142.3 | 2.1 | 0.4 | -0.1 | 0.1 | 0.5 |
Textile mills (Dec. 2023=100) |
313 |
0.323 | 101.0 | 100.7 | - | - | 0.1 | 0.9 | -0.3 |
Textile product mills (Dec. 2023=100) |
314 |
0.900 | 100.2 | 100.1 | - | - | 0.1 | 0.1 | -0.1 |
Apparel manufacturing |
315 |
3.540 | 119.2 | 119.0 | -0.1 | 0.1 | 0.3 | 0.1 | -0.2 |
Manufacturing, part 2 |
32 |
19.014 | 141.5 | 142.8 | -0.8 | -0.7 | 1.6 | -0.4 | 0.9 |
Paper manufacturing |
322 |
1.002 | 120.8 | 120.4 | -3.4 | -0.2 | -0.3 | -1.1 | -0.3 |
Printing and related support activities (Dec. 2023=100) |
323 |
0.148 | 100.3 | 100.1 | - | - | 0.5 | -0.2 | -0.2 |
Petroleum and coal products manufacturing |
324 |
2.131 | 128.2 | 140.1 | 1.8 | -5.2 | 4.1 | -3.1 | 9.3 |
Chemical manufacturing |
325 |
11.218 | 152.0 | 151.8 | -0.1 | 0.2 | 1.8 | -0.1 | -0.1 |
Plastics and rubber products manufacturing |
326 |
2.555 | 131.3 | 130.7 | -2.2 | -0.5 | -0.2 | 0.6 | -0.5 |
Nonmetallic mineral product manufacturing |
327 |
1.105 | 144.9 | 144.1 | 0.2 | 0.1 | 0.1 | 0.0 | -0.6 |
Manufacturing, part 3 |
33 |
60.642 | 112.5 | 112.6 | -0.4 | 0.0 | 0.4 | 0.0 | 0.1 |
Primary metal manufacturing |
331 |
4.569 | 216.6 | 219.7 | -4.6 | 0.6 | 0.9 | -1.4 | 1.4 |
Fabricated metal product manufacturing |
332 |
3.187 | 144.6 | 146.9 | -1.6 | 0.4 | -1.2 | -0.1 | 1.6 |
Machinery manufacturing |
333 |
8.044 | 132.3 | 132.3 | 0.8 | 0.0 | 0.2 | 0.4 | 0.0 |
Computer and electronic product manufacturing |
334 |
16.599 | 72.2 | 72.1 | -1.9 | 0.0 | 0.0 | 0.0 | -0.1 |
Electrical equipment, appliance, and component manufacturing |
335 |
6.403 | 127.3 | 125.4 | -1.5 | -0.2 | 0.8 | 0.2 | -1.5 |
Transportation equipment manufacturing |
336 |
14.059 | 119.4 | 119.7 | 2.7 | 0.0 | 0.9 | 0.3 | 0.3 |
Furniture and related product manufacturing |
337 |
1.873 | 128.0 | 127.9 | -0.8 | -1.1 | 0.6 | -0.1 | -0.1 |
Miscellaneous manufacturing |
339 |
5.908 | 128.9 | 129.2 | 1.3 | 0.2 | 0.5 | 0.1 | 0.2 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | NAICS | Relative import- ance Feb. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Feb. 2024 |
Mar. 2024 |
Annual | Monthly | ||||||
Mar. 2023 to Mar. 2024 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
|||||
Nonmanufacturing |
14.847 | 177.2 | 173.5 | -6.5 | -1.6 | 3.3 | 1.1 | -2.1 | |
Agriculture, forestry, fishing and hunting |
11 |
4.593 | 188.5 | 184.3 | -14.9 | 0.5 | -2.3 | 1.0 | -2.2 |
Crop production |
111 |
4.290 | 198.2 | 193.3 | -16.0 | 0.6 | -2.6 | 0.8 | -2.5 |
Mining |
21 |
10.253 | 112.6 | 110.3 | -2.0 | -2.8 | 6.0 | 1.2 | -2.0 |
Oil and gas extraction (Dec. 2021=100) |
211 |
8.934 | 100.4 | 98.3 | 0.4 | -2.9 | 6.7 | 1.5 | -2.1 |
Mining (except oil and gas) |
212 |
1.320 | 134.8 | 133.3 | -14.8 | -2.0 | 2.2 | -1.6 | -1.1 |
Manufacturing |
83.510 | 133.8 | 134.6 | -0.4 | -0.6 | 0.2 | 0.5 | 0.6 | |
Manufacturing, part 1 |
31 |
6.421 | 170.7 | 171.6 | -2.2 | -0.3 | -0.2 | -0.2 | 0.5 |
Food manufacturing |
311 |
4.621 | 200.9 | 202.4 | -2.0 | -0.5 | -0.1 | -0.3 | 0.7 |
Beverage and tobacco product manufacturing |
312 |
0.532 | 141.8 | 140.2 | -6.2 | 0.4 | -0.6 | -0.5 | -1.1 |
Manufacturing, part 2 |
32 |
25.525 | 133.8 | 135.2 | -4.2 | -2.3 | -0.3 | 1.4 | 1.0 |
Wood product manufacturing (Dec. 2017=100) |
321 |
0.423 | 118.0 | 123.0 | 4.2 | 0.4 | 0.8 | -0.3 | 4.2 |
Petroleum and coal products manufacturing |
324 |
5.978 | 146.2 | 150.4 | -8.6 | -9.2 | 2.3 | 4.4 | 2.9 |
Chemical manufacturing |
325 |
14.482 | 130.7 | 131.4 | -2.8 | -0.2 | -1.4 | 0.7 | 0.5 |
Plastics and rubber products manufacturing |
326 |
2.255 | 135.5 | 134.7 | 0.9 | 0.1 | 0.5 | 0.4 | -0.6 |
Nonmetallic mineral product manufacturing |
327 |
0.733 | 131.9 | 132.1 | 1.0 | 0.1 | -0.5 | -0.2 | 0.2 |
Manufacturing, part 3 |
33 |
51.564 | 130.1 | 130.7 | 1.8 | 0.2 | 0.5 | 0.2 | 0.5 |
Primary metal manufacturing |
331 |
4.297 | 196.0 | 202.3 | -0.6 | 0.9 | -0.5 | -1.0 | 3.2 |
Machinery manufacturing |
333 |
9.497 | 151.4 | 151.5 | 2.2 | 0.1 | 0.3 | 0.3 | 0.1 |
Computer and electronic product manufacturing |
334 |
12.569 | 83.2 | 83.4 | -0.2 | 0.0 | 0.1 | 0.2 | 0.2 |
Transportation equipment manufacturing |
336 |
13.338 | 149.3 | 149.3 | 4.8 | 0.3 | 1.6 | 0.2 | 0.0 |
Furniture and related product manufacturing (Dec. 2023=100) |
337 |
0.352 | 101.8 | 101.8 | - | - | 1.8 | 0.0 | 0.0 |
Miscellaneous manufacturing |
339 |
5.038 | 140.9 | 142.0 | 3.0 | 0.7 | 0.9 | 0.3 | 0.8 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Harmo- nized system |
Relative importance Feb. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Feb. 2024 |
Mar. 2024 |
Annual | Monthly | ||||||
Mar. 2023 to Mar. 2024 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
|||||
Live animals; animal products |
I |
1.481 | 237.4 | 239.5 | 1.0 | -0.5 | 1.7 | 5.1 | 0.9 |
Meat and edible meat offal |
02 |
0.426 | 338.4 | 351.8 | 17.0 | 1.4 | 2.2 | 4.0 | 4.0 |
Fish and crustaceans, molluscs and other aquatic invertebrates |
03 |
0.705 | 149.0 | 147.9 | -10.3 | -2.6 | 3.2 | 6.4 | -0.7 |
Vegetable products |
II |
2.225 | 266.8 | 263.6 | 5.1 | 0.2 | 3.3 | -1.4 | -1.2 |
Edible vegetables, roots, and tubers |
07 |
0.509 | 506.1 | 553.9 | 18.5 | -0.5 | 9.4 | -14.5 | 9.4 |
Edible fruit and nuts; peel of citrus fruit or melons |
08 |
0.790 | 132.6 | 130.1 | 4.1 | -0.6 | 6.1 | -5.4 | -1.9 |
Coffee, tea, mate and spices |
09 |
0.376 | 294.4 | 297.2 | -2.8 | 3.6 | -5.6 | 1.3 | 1.0 |
Animal or vegetable fats and oils (Dec. 2009=100) |
III |
0.442 | 145.7 | 150.0 | 2.4 | 0.8 | -2.4 | 0.5 | 3.0 |
Animal or vegetable fats and oils and their cleavage products; prepared (Dec. 2023=100) |
15 |
0.442 | 98.1 | 101.0 | - | - | -2.4 | 0.5 | 3.0 |
Prepared foodstuffs, beverages, and tobacco |
IV |
3.497 | 200.9 | 203.4 | 4.3 | 0.3 | -0.2 | 1.3 | 1.2 |
Sugars and sugar confectionary (Dec. 2021=100) |
17 |
0.243 | 126.2 | 128.4 | 13.9 | 0.7 | 2.6 | 1.1 | 1.7 |
Cocoa and cocoa preparations (Dec. 2009=100) |
18 |
0.313 | 161.5 | 182.5 | 57.7 | 3.6 | 4.4 | 14.1 | 13.0 |
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100) |
19 |
0.495 | 100.0 | 99.9 | - | - | 0.1 | -0.1 | -0.1 |
Miscellaneous edible preparations (Dec. 2022=100) |
21 |
0.420 | 99.2 | 99.1 | -1.4 | 0.6 | -0.8 | -0.4 | -0.1 |
Beverages, spirits, and vinegar |
22 |
1.113 | 154.4 | 155.2 | 1.4 | 0.3 | -0.4 | 0.2 | 0.5 |
Mineral products |
V |
8.024 | 278.4 | 290.8 | 4.2 | -7.9 | 1.4 | 1.1 | 4.5 |
Mineral fuels, oils and residuals, bituminous substances and mineral waxes |
27 |
7.729 | 271.9 | 284.2 | 4.8 | -8.2 | 1.7 | 1.1 | 4.5 |
Products of the chemical or allied industries |
VI |
10.880 | 174.1 | 174.3 | 0.5 | 0.1 | 1.6 | 0.2 | 0.1 |
Organic chemicals |
29 |
2.272 | 137.8 | 138.5 | -5.4 | -0.7 | -3.6 | 0.2 | 0.5 |
Pharmaceutical products |
30 |
5.724 | 155.4 | 155.6 | 5.2 | 0.1 | 4.6 | 0.5 | 0.1 |
Fertilizers (Dec. 2022=100) |
31 |
0.221 | 62.2 | 63.7 | -14.7 | 2.4 | 0.3 | -1.4 | 2.4 |
Tanning extracts; dye, pigments, varnish, paints & putty (Dec. 2022=100) |
32 |
0.199 | 100.9 | 100.8 | -1.3 | 0.2 | 0.1 | -0.5 | -0.1 |
Miscellaneous chemical products |
38 |
0.935 | 116.7 | 116.4 | -4.4 | -0.3 | 0.2 | -0.1 | -0.3 |
Plastics and articles thereof; rubber and articles thereof |
VII |
3.772 | 153.7 | 153.3 | -2.9 | -0.4 | 0.1 | 0.1 | -0.3 |
Plastics and articles thereof |
39 |
2.518 | 151.0 | 150.3 | -5.2 | -0.8 | 0.3 | 0.1 | -0.5 |
Rubber and articles thereof |
40 |
1.254 | 162.1 | 162.2 | 1.4 | 0.3 | -0.4 | 0.2 | 0.1 |
Printed matter (Dec. 2023=100) |
49 |
0.169 | 100.0 | 99.8 | - | - | 0.0 | 0.0 | -0.2 |
Textile and textile articles |
XI |
4.560 | 120.7 | 120.6 | -0.1 | 0.1 | 0.2 | 0.1 | -0.1 |
Articles of apparel and clothing accessories, knitted or crocheted (Dec. 2023=100) |
61 |
1.955 | 100.4 | 100.3 | - | - | 0.4 | 0.0 | -0.1 |
Articles of apparel and clothing accessories, not knitted or crocheted |
62 |
1.420 | 126.8 | 126.8 | -0.5 | 0.0 | 0.1 | 0.1 | 0.0 |
Made-up or worn textile articles (Dec. 2023=100) |
63 |
0.622 | 99.6 | 99.6 | - | - | -0.4 | 0.0 | 0.0 |
Headgear, umbrellas, artificial flowers, etc. |
XII |
1.458 | 126.7 | 126.8 | 0.6 | -0.2 | -0.1 | 0.0 | 0.1 |
Footwear and parts of such articles |
64 |
1.192 | 123.7 | 123.8 | 0.9 | -0.3 | 0.0 | 0.0 | 0.1 |
Stone, plaster, cement, asbestos, ceramics, glass etc. |
XIII |
0.947 | 137.6 | 136.7 | 0.2 | 0.0 | 0.6 | 0.0 | -0.7 |
Articles of stone, plaster, cement, asbestos, or mica (Dec. 2020=100) |
68 |
0.329 | 101.1 | 100.2 | -2.3 | -0.2 | -0.2 | 0.0 | -0.9 |
Glass and glassware (Dec. 2021=100) |
70 |
0.343 | 109.6 | 109.5 | 5.0 | 0.2 | 1.7 | 0.0 | -0.1 |
Pearls, stones, precious metals, imitation jewelry, and coins |
XIV |
3.029 | 223.8 | 227.7 | -0.2 | 0.7 | 0.2 | -0.8 | 1.7 |
Pearls, precious stones, precious metals jewelry, coin (Dec. 2023=100) |
71 |
3.029 | 99.4 | 101.2 | - | - | 0.2 | -0.8 | 1.8 |
Base metals and articles of base metals |
XV |
5.822 | 226.1 | 227.9 | -4.9 | 0.4 | 0.0 | -0.5 | 0.8 |
Articles of iron or steel |
73 |
1.760 | 193.3 | 191.3 | -7.7 | 0.0 | -0.2 | -0.4 | -1.0 |
Copper and articles thereof |
74 |
0.496 | 377.7 | 389.1 | -1.3 | 2.6 | 1.6 | -1.0 | 3.0 |
Aluminum and articles thereof |
76 |
1.039 | 181.5 | 191.3 | -1.0 | 1.1 | -2.1 | -1.0 | 5.4 |
Tools, implements, cutlery, spoons and forks, of base metal; parts thereof |
82 |
0.419 | 133.7 | 133.1 | 0.7 | 0.2 | 0.6 | 0.5 | -0.4 |
Miscellaneous articles of base metal |
83 |
0.516 | 142.7 | 142.6 | -5.4 | -0.1 | -0.5 | -0.1 | -0.1 |
Machinery, electrical equipment, TV image and sound recorders, parts, etc. |
XVI |
30.707 | 82.5 | 82.2 | -0.8 | -0.1 | 0.4 | 0.1 | -0.4 |
Machinery and mechanical appliances; parts thereof |
84 |
15.409 | 89.9 | 90.0 | 0.0 | -0.1 | 0.3 | 0.4 | 0.1 |
Electrical machinery and equip, sound and TV recorders & reproducers, parts |
85 |
15.298 | 75.6 | 75.0 | -1.7 | -0.1 | 0.3 | 0.0 | -0.8 |
Vehicles, aircraft, vessels and associated transport equipment |
XVII |
11.833 | 123.5 | 123.6 | 1.8 | -0.1 | 0.7 | 0.1 | 0.1 |
Motor vehicles and their parts |
87 |
11.070 | 122.6 | 122.8 | 1.9 | 0.0 | 0.7 | 0.0 | 0.2 |
Aircraft, spacecraft, and parts thereof (Dec. 2020=100) |
88 |
0.621 | 107.0 | 107.6 | -0.6 | 0.0 | 0.1 | -0.3 | 0.6 |
Optical, photo, measuring, medical & musical instruments; & timepieces |
XVIII |
4.193 | 110.3 | 110.5 | 3.1 | 0.5 | 1.1 | 0.3 | 0.2 |
Optical, photographic, measuring and medical instruments |
90 |
3.880 | 105.6 | 106.0 | 2.9 | 0.5 | 0.9 | 0.3 | 0.4 |
Miscellaneous manufactured articles |
XX |
4.588 | 120.2 | 120.4 | 0.2 | -0.2 | 0.5 | 0.0 | 0.2 |
Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs |
94 |
2.549 | 126.9 | 126.8 | -0.6 | -0.3 | 0.5 | -0.1 | -0.1 |
Toys, games and sports equipment; parts and accessories thereof |
95 |
1.727 | 106.9 | 107.4 | 0.8 | 0.0 | 0.5 | 0.0 | 0.5 |
Miscellaneous manufactured articles |
96 |
0.313 | 151.4 | 152.6 | 4.0 | 0.0 | 2.6 | 0.0 | 0.8 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Harmo- nized system |
Relative import- ance Feb. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Feb. 2024 |
Mar. 2024 |
Annual | Monthly | ||||||
Mar. 2023 to Mar. 2024 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
|||||
Live animals; animal products |
I |
1.915 | 259.5 | 264.0 | -0.3 | -0.2 | 0.2 | 0.2 | 1.7 |
Meat & edible meat offal (Dec. 2006=100) |
02 |
1.230 | 223.6 | 229.1 | 8.3 | 0.1 | 1.5 | -0.1 | 2.5 |
Vegetable products |
II |
4.177 | 244.8 | 236.2 | -17.8 | 0.9 | -2.6 | 0.4 | -3.5 |
Edible fruit and nuts; peel of citrus fruit or melons |
08 |
0.872 | 152.7 | 150.9 | 9.5 | 4.0 | -1.6 | 5.7 | -1.2 |
Cereals |
10 |
1.176 | 240.0 | 227.7 | -29.1 | -2.0 | -2.9 | 1.0 | -5.1 |
Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder |
12 |
1.693 | 249.7 | 238.3 | -23.4 | -0.6 | -2.3 | -3.8 | -4.6 |
Prepared foodstuffs, beverages, and tobacco |
IV |
2.960 | 186.7 | 186.5 | -0.9 | 0.6 | -0.1 | -0.5 | -0.1 |
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100) |
19 |
0.296 | 100.3 | 100.1 | - | - | 0.0 | 0.3 | -0.2 |
Miscellaneous edible preparations (Dec. 2017=100) |
21 |
0.642 | 121.6 | 124.1 | 5.9 | 2.7 | 1.7 | 0.3 | 2.1 |
Residues and waste from the food industries; prepared animal feed |
23 |
0.692 | 289.5 | 284.0 | -10.5 | 0.6 | -2.2 | -2.0 | -1.9 |
Mineral products |
V |
16.272 | 292.3 | 291.6 | -4.5 | -5.3 | 4.7 | 2.3 | -0.2 |
Ores, slag and ash (Dec. 2012=100) |
26 |
0.393 | 117.5 | 116.4 | -18.7 | -1.1 | -1.7 | -1.4 | -0.9 |
Mineral fuels, oils and residuals, bituminous substances and mineral waxes |
27 |
15.685 | 280.8 | 280.1 | -4.2 | -5.6 | 4.9 | 2.4 | -0.2 |
Products of the chemical or allied industries |
VI |
12.391 | 157.2 | 158.7 | -3.2 | -0.3 | -1.6 | 0.6 | 1.0 |
Pharmaceutical products |
30 |
4.348 | 103.6 | 103.5 | -3.4 | 0.1 | -3.9 | 0.1 | -0.1 |
Essential oils and resinoids; perfumery cosmetic or toilet preparations |
33 |
0.796 | 145.0 | 144.9 | -1.6 | -0.3 | 0.9 | -2.9 | -0.1 |
Miscellaneous chemical products |
38 |
2.265 | 191.0 | 190.8 | 0.2 | 0.1 | -1.0 | 0.4 | -0.1 |
Rubber and articles thereof |
40 |
0.916 | 191.3 | 189.8 | 12.2 | 0.4 | 0.6 | 9.7 | -0.8 |
Wood, wood charcoal, cork, straw, baskets and wickerwork (Dec. 2014=100) |
IX |
0.466 | 108.4 | 113.7 | 1.0 | 0.6 | 1.0 | 0.1 | 4.9 |
Wood and articles of wood; wood charcoal (Dec. 2023=100) |
44 |
0.466 | 101.1 | 106.0 | - | - | 1.0 | 0.1 | 4.8 |
Woodpulp and recovered paper (Dec. 2019=100) |
47 |
0.531 | 159.9 | 164.6 | -7.2 | 4.4 | 1.1 | 0.5 | 2.9 |
Cotton, including yarns and woven fabrics thereof |
52 |
0.610 | 161.2 | 174.1 | 5.8 | -2.9 | -1.9 | 5.0 | 8.0 |
Stone, plaster, cement, asbestos, ceramics, glass etc. |
XIII |
0.746 | 153.7 | 154.0 | 5.6 | 0.1 | 1.3 | -0.2 | 0.2 |
Glass and glassware (Dec. 2019=100) |
70 |
0.352 | 114.3 | 114.7 | 4.1 | 0.3 | -0.5 | 0.0 | 0.3 |
Pearls, stones, precious metals, imitation jewelry, and coins |
XIV |
4.756 | 310.9 | 322.2 | 2.5 | 1.2 | 0.6 | -1.1 | 3.6 |
Pearls, precious stones, precious metals; jewelry, coin (Dec. 2023=100) |
71 |
4.756 | 99.6 | 103.2 | - | - | 0.6 | -1.0 | 3.6 |
Base metals and articles of base metals |
XV |
4.442 | 209.7 | 209.5 | -2.4 | 1.9 | -0.2 | 0.6 | -0.1 |
Copper and articles thereof |
74 |
0.538 | 260.1 | 262.8 | -1.8 | 2.6 | 0.7 | 0.8 | 1.0 |
Aluminum and articles thereof |
76 |
0.706 | 146.2 | 147.3 | -1.9 | 0.7 | 0.7 | 0.5 | 0.8 |
Miscellaneous articles of base metal (Dec. 2022=100) |
83 |
0.336 | 106.0 | 105.8 | 4.3 | -0.1 | -0.6 | 1.8 | -0.2 |
Machinery, electrical equipment, TV image and sound recorders, parts, etc. |
XVI |
26.388 | 108.0 | 108.2 | 1.9 | 0.0 | 0.9 | 0.5 | 0.2 |
Machinery and mechanical appliances; parts thereof |
84 |
15.688 | 133.5 | 133.2 | 3.5 | -0.1 | 1.5 | 0.5 | -0.2 |
Electrical machinery and equipment and parts and accessories thereof |
85 |
10.700 | 81.6 | 82.2 | -0.2 | 0.0 | 0.1 | 0.4 | 0.7 |
Vehicles, aircraft, vessels and associated transport equipment |
XVII |
9.721 | 154.6 | 154.6 | 3.0 | 0.5 | 0.3 | 0.1 | 0.0 |
Motor vehicles and their parts |
87 |
7.259 | 129.1 | 129.1 | 3.1 | 0.5 | 0.4 | 0.0 | 0.0 |
Optical, photo, measuring, medical & musical instruments; & timepieces |
XVIII |
5.774 | 119.6 | 119.7 | 2.7 | 0.3 | 0.7 | 0.0 | 0.1 |
Optical, photographic, measuring and medical instruments (Dec. 2023=100) |
90 |
5.723 | 100.7 | 100.7 | - | - | 0.7 | 0.0 | 0.0 |
Miscellaneous manufactured articles |
XX |
1.160 | 135.6 | 135.6 | -0.4 | 0.1 | 0.7 | 0.1 | 0.0 |
Furniture; stuffed furnishings; lamps and lighting fittings nesoi |
94 |
0.575 | 149.7 | 149.7 | 0.7 | 0.0 | 1.3 | 0.0 | 0.0 |
Toys, games and sports equipment; parts and accessories thereof |
95 |
0.448 | 118.8 | 118.6 | 0.7 | 0.6 | 0.1 | 0.1 | -0.2 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Feb. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Feb. 2024 |
Mar. 2024 |
Annual | Monthly | |||||
Mar. 2023 to Mar. 2024 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
||||
Industrialized Countries(2) |
100.000 | 145.0 | 145.5 | 1.0 | -1.2 | 1.0 | 0.6 | 0.3 |
Nonmanufacturing |
10.202 | 237.1 | 241.6 | 3.3 | -11.1 | 1.1 | 4.0 | 1.9 |
Manufacturing |
89.396 | 137.4 | 137.7 | 1.0 | 0.1 | 1.0 | 0.2 | 0.2 |
Canada |
100.000 | 168.0 | 168.9 | -2.0 | -3.9 | 0.5 | 1.2 | 0.5 |
Nonmanufacturing |
30.642 | 231.4 | 235.7 | 2.7 | -11.8 | 1.2 | 4.0 | 1.9 |
Manufacturing |
68.454 | 154.5 | 154.7 | -3.7 | -0.3 | 0.1 | 0.0 | 0.1 |
European Union |
100.000 | 158.3 | 158.5 | 2.5 | 0.4 | 1.3 | 0.4 | 0.1 |
Manufacturing |
99.321 | 153.9 | 154.1 | 2.5 | 0.4 | 1.3 | 0.5 | 0.1 |
France (Dec. 2003=100) |
100.000 | 157.6 | 157.6 | 7.8 | 0.3 | 4.4 | 0.1 | 0.0 |
Germany (Dec. 2003=100) |
100.000 | 124.2 | 124.4 | -0.5 | 0.4 | -0.1 | 0.5 | 0.2 |
United Kingdom (Dec. 2003=100) |
100.000 | 137.9 | 138.5 | 3.1 | -0.1 | 0.4 | 0.6 | 0.4 |
Latin America(3) |
100.000 | 172.8 | 174.2 | 3.1 | -0.2 | 1.1 | 0.6 | 0.8 |
Nonmanufacturing |
13.965 | 344.3 | 347.7 | 13.1 | -2.9 | 1.8 | 2.4 | 1.0 |
Manufacturing |
85.779 | 138.8 | 139.9 | 1.6 | 0.2 | 0.9 | 0.4 | 0.8 |
Mexico (Dec. 2003=100) |
100.000 | 146.8 | 147.7 | 4.4 | -0.3 | 1.5 | 0.3 | 0.6 |
Nonmanufacturing (Dec. 2008=100) |
9.027 | 185.8 | 190.4 | 28.5 | -4.2 | 8.4 | 2.4 | 2.5 |
Manufacturing (Dec. 2008=100) |
90.723 | 99.6 | 100.1 | 2.4 | 0.1 | 0.8 | 0.1 | 0.5 |
Pacific Rim (Dec. 2003=100)(4) |
100.000 | 102.1 | 101.8 | -1.7 | -0.2 | 0.0 | -0.1 | -0.3 |
China (Dec. 2003=100) |
100.000 | 100.5 | 100.4 | -2.6 | -0.1 | -0.4 | -0.1 | -0.1 |
Japan |
100.000 | 102.5 | 101.8 | 1.2 | -0.1 | 1.1 | -0.1 | -0.7 |
Taiwan (Dec. 2018=100) |
100.000 | 108.5 | 108.6 | -2.3 | 0.0 | -0.5 | 0.0 | 0.1 |
Asian NICs(5) |
100.000 | 94.2 | 94.3 | -2.5 | -0.4 | -0.3 | -0.2 | 0.1 |
ASEAN (Dec. 2003=100)(6) |
100.000 | 100.0 | 100.0 | -3.2 | -0.6 | 0.0 | -0.1 | 0.0 |
Asia Near East (Dec. 2003=100)(7) |
100.000 | 212.1 | 216.1 | -0.1 | -3.3 | 0.1 | 1.6 | 1.9 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Feb. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Feb. 2024 |
Mar. 2024 |
Annual | Monthly | |||||
Mar. 2023 to Mar. 2024 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
||||
Industrialized Countries(2) |
100.000 | 121.8 | 122.5 | 1.4 | 0.1 | 1.2 | 0.7 | 0.6 |
Nonmanufacturing |
15.510 | 148.5 | 150.4 | 4.2 | -1.4 | 5.1 | 3.8 | 1.3 |
Manufacturing |
82.969 | 118.6 | 119.0 | 0.6 | 0.2 | 0.5 | 0.3 | 0.3 |
Canada |
100.000 | 127.7 | 128.1 | -0.9 | 0.2 | -0.5 | 0.2 | 0.3 |
Nonmanufacturing (Dec. 2020=100) |
7.456 | 137.2 | 138.1 | 3.1 | -0.1 | -2.1 | 1.6 | 0.7 |
Manufacturing (Dec. 2020=100) |
90.818 | 119.2 | 119.4 | -1.6 | 0.2 | -0.4 | 0.2 | 0.2 |
European Union |
100.000 | 120.4 | 122.0 | 3.9 | -0.3 | 1.5 | 1.6 | 1.3 |
Nonmanufacturing |
22.681 | 141.4 | 147.5 | 6.0 | -2.3 | 1.3 | 3.5 | 4.3 |
Manufacturing |
75.787 | 116.4 | 116.9 | 3.1 | -0.1 | 1.6 | 1.1 | 0.4 |
Germany |
100.000 | 122.5 | 123.6 | 7.0 | 0.2 | 3.8 | 0.3 | 0.9 |
Latin America(3) |
100.000 | 123.4 | 123.8 | -2.0 | -2.0 | 1.2 | 1.1 | 0.3 |
Nonmanufacturing |
7.603 | 144.1 | 133.5 | -11.5 | -0.5 | 2.6 | -0.4 | -7.4 |
Manufacturing |
91.835 | 122.0 | 123.2 | -1.2 | -2.2 | 1.2 | 1.2 | 1.0 |
Mexico |
100.000 | 122.6 | 122.9 | -2.1 | -1.5 | 0.8 | 0.7 | 0.2 |
Nonmanufacturing |
6.080 | 115.6 | 102.5 | -21.9 | -2.0 | 1.1 | -4.8 | -11.3 |
Manufacturing |
93.085 | 124.0 | 125.2 | -0.8 | -1.5 | 0.7 | 1.1 | 1.0 |
Pacific Rim(4) |
100.000 | 114.5 | 115.3 | -0.7 | -0.2 | 1.0 | 1.0 | 0.7 |
Nonmanufacturing |
20.832 | 121.6 | 123.2 | -5.2 | -1.0 | 3.1 | 2.7 | 1.3 |
Manufacturing |
77.995 | 114.4 | 115.1 | 0.7 | 0.0 | 0.4 | 0.5 | 0.6 |
China |
100.000 | 107.4 | 107.5 | -4.3 | 0.0 | -1.4 | 0.8 | 0.1 |
Nonmanufacturing |
24.072 | 102.7 | 101.7 | -14.1 | 0.0 | -2.9 | -1.1 | -1.0 |
Manufacturing |
74.456 | 111.4 | 111.8 | -0.4 | -0.1 | -0.9 | 1.4 | 0.4 |
Japan |
100.000 | 111.4 | 111.6 | -4.9 | 0.2 | 0.9 | 1.3 | 0.2 |
Nonmanufacturing |
23.223 | 133.5 | 133.4 | -6.3 | 2.5 | 7.2 | 5.4 | -0.1 |
Manufacturing |
75.625 | 106.1 | 106.3 | -3.7 | -0.7 | -0.8 | 0.2 | 0.2 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Index | Percent change | |||||
---|---|---|---|---|---|---|---|
Feb. 2024 |
Mar. 2024 |
Annual | Monthly | ||||
Mar. 2023 to Mar. 2024 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
|||
Industrialized Countries(2) |
102.8 | 103.1 | 0.4 | 1.3 | 0.2 | 0.1 | 0.3 |
Canada |
99.9 | 99.7 | 1.1 | 4.2 | -1.0 | -0.9 | -0.2 |
European Union |
102.4 | 103.6 | 1.4 | -0.7 | 0.2 | 1.2 | 1.2 |
Germany |
113.5 | 114.4 | 7.5 | -0.3 | 3.9 | -0.2 | 0.8 |
Latin America(3) |
106.3 | 105.8 | -4.9 | -1.9 | 0.2 | 0.5 | -0.5 |
Mexico |
107.7 | 107.3 | -6.3 | -1.1 | -0.6 | 0.3 | -0.4 |
Pacific Rim(4) |
110.4 | 111.4 | 1.0 | 0.0 | 1.0 | 1.1 | 0.9 |
China |
107.0 | 107.2 | -1.7 | 0.1 | -0.9 | 0.8 | 0.2 |
Japan |
103.8 | 104.7 | -6.0 | 0.3 | -0.2 | 1.4 | 0.9 |
Footnotes |
|||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Feb. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Feb. 2024 |
Mar. 2024 |
Annual | Monthly | |||||
Mar. 2023 to Mar. 2024 |
Nov. 2023 to Dec. 2023 |
Dec. 2023 to Jan. 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
||||
Air Freight |
||||||||
Import Air Freight |
100.000 | 216.6 | 213.1 | -8.5 | 12.0 | -15.2 | -4.7 | -1.6 |
Europe (Dec. 2003=100) |
24.864 | 164.5 | 162.5 | -36.9 | 2.1 | -13.4 | 4.0 | -1.2 |
Asia |
74.241 | 220.2 | 214.8 | 5.7 | 15.7 | -17.2 | -6.5 | -2.5 |
Export Air Freight |
100.000 | 182.9 | 180.6 | -4.6 | -0.3 | 2.5 | 1.3 | -1.3 |
Europe (Dec. 2006=100) |
26.096 | 130.4 | 130.1 | -12.8 | -1.3 | -0.2 | 0.2 | -0.2 |
Asia (Dec. 2011=100) |
52.093 | 153.7 | 151.0 | 1.8 | 1.1 | 2.8 | 2.3 | -1.8 |
Inbound Air Freight |
100.000 | 164.2 | 166.1 | -3.3 | 5.5 | -8.9 | -4.3 | 1.2 |
Europe (Dec. 2003=100) |
27.177 | 137.3 | 139.9 | -21.8 | 2.6 | -10.9 | 4.6 | 1.9 |
Asia |
60.447 | 158.4 | 157.2 | 7.9 | 8.0 | -11.0 | -5.7 | -0.8 |
Outbound Air Freight |
100.000 | 180.4 | 178.6 | -8.8 | -1.1 | 1.8 | 1.2 | -1.0 |
Europe (Dec. 2003=100) |
32.825 | 163.7 | 163.9 | -13.4 | -0.9 | 0.1 | 0.1 | 0.1 |
Asia |
47.212 | 208.6 | 204.7 | -5.1 | -0.8 | 2.9 | 2.6 | -1.9 |
Air Passenger Fares |
||||||||
Import Air Passenger Fares |
100.000 | 178.0 | 178.6 | -1.1 | 6.9 | -6.2 | 0.0 | 0.3 |
Europe |
47.806 | 197.7 | 194.7 | 0.5 | 1.6 | 1.2 | 1.3 | -1.5 |
Asia |
11.407 | 157.9 | 169.3 | 0.8 | 11.4 | -18.2 | -2.5 | 7.2 |
Latin America/Caribbean |
9.678 | 145.6 | 156.2 | -12.0 | 9.2 | -20.9 | 6.7 | 7.3 |
Export Air Passenger Fares |
100.000 | 174.3 | 181.2 | -4.9 | -3.4 | 10.8 | -10.1 | 4.0 |
Europe |
36.068 | 204.1 | 213.7 | -0.5 | -5.1 | 7.0 | -4.4 | 4.7 |
Asia |
11.950 | 179.2 | 187.0 | 4.1 | -3.8 | 15.4 | -18.8 | 4.4 |
Latin America/Caribbean |
32.117 | 173.4 | 179.0 | -12.0 | -4.5 | 17.3 | -15.7 | 3.2 |
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.