
An official website of the United States government
Transmission of material in this release is embargoed until USDL-24-1126 8:30 a.m. (ET) Friday, June 14, 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 - MAY 2024 Prices for U.S. imports decreased 0.4 percent in May following a 0.9-percent advance the previous month, the U.S. Bureau of Labor Statistics reported today. Lower fuel and nonfuel import prices contributed to the overall decline. U.S. export prices fell 0.6 percent in May, after increasing 0.6 percent in April. Imports U.S. import prices declined 0.4 percent in May following a 0.9-percent increase in April and a 1.5-percent advance for the first quarter of 2024. The May decrease was the first monthly drop since the index fell 0.7 percent in December 2023. Prices for U.S. imports rose 1.1 percent for the year ended in May, matching the over-the-year increase in April. The May and April 12-month advances are the largest over-the-year increases since December 2022. (See table 1.) Fuel Imports: Prices for import fuel fell 2.0 percent in May, after increasing 4.1 percent in April. The May decline was the first 1-month decrease since the index fell 8.0 percent in December 2023. Lower prices in May for petroleum and natural gas each contributed to the drop in fuel prices. Import fuel prices rose 7.9 percent over the past 12 months, the largest over-the-year advance since December 2022. The price index for import petroleum decreased 1.7 percent in May following a 4.6-percent increase the previous month. Import petroleum prices advanced 9.8 percent over the past year. Import natural gas prices declined 19.5 percent in May, after falling 9.4 percent in April. Prices for import natural gas decreased 39.3 percent for the year ended in May. All Imports Excluding Fuel: The price index for nonfuel imports decreased 0.3 percent in May, after increasing 0.7 percent the previous month. The May decline was the first 1-month drop since October 2023. Lower prices in May for foods, feeds, and beverages; nonfuel industrial supplies and materials; consumer goods; capital goods; and automotive vehicles all contributed to the overall decline in nonfuel import prices. In spite of the May decline, nonfuel import prices advanced 0.5 percent over the past 12 months. Foods, Feeds, and Beverages: Prices for foods, feeds, and beverages declined 1.6 percent in May following a 1.3-percent advance the previous month. The decline in May was the largest monthly decrease since November 2020. The May drop was led by a 10.9-percent decrease in vegetable prices and a 4.6-percent decline in fruit prices. Nonfuel Industrial Supplies and Materials: Nonfuel industrial supplies and materials prices fell 0.4 percent in May, after advancing 3.0 percent the previous month. The May decline was driven by a 17.9-percent decrease in other agricultural products prices. Finished Goods: Prices for each of the major finished goods import categories decreased in May. The price index for consumer goods declined 0.2 percent following a 0.1-percent decrease the previous month. Lower prices for household goods in May more than offset higher prices for medicinal, dental, and pharmaceutical products. Prices for import capital goods edged down 0.1 percent in May, after ticking up 0.1 percent the previous month. Automotive vehicles prices fell 0.1 percent in May, the first monthly decline since November 2023. 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 |
||||||
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 | -0.3 | -0.7 |
2024 |
||||||
January |
0.7 | 1.7 | 0.6 | 0.7 | -1.4 | 0.9 |
February |
0.2 | 1.1 | 0.1 | 0.7 | (r)0.8 | 0.7 |
March |
0.6 | (r)5.0 | 0.2 | 0.1 | (r)-1.0 | 0.3 |
April |
0.9 | (r)4.1 | 0.7 | (r)0.6 | (r)-0.4 | 0.7 |
May |
-0.4 | -2.0 | -0.3 | -0.6 | 0.5 | -0.8 |
May 2022 to 2023 |
-5.7 | -33.9 | -1.6 | -10.3 | -8.3 | -10.7 |
May 2023 to 2024 |
1.1 | 7.9 | 0.5 | 0.6 | -6.6 | 1.5 |
Footnotes |
Exports Prices for U.S. exports declined 0.6 percent in May, after rising 0.6 percent the previous month. The May decrease was the first monthly decline since the index fell 0.7 percent in December 2023. Lower prices for nonagricultural exports in May more than offset higher agricultural prices. Despite the drop in May, prices for U.S. exports rose 0.6 percent from May 2023 to May 2024, the first 12-month advance since January 2023. (See table 2.) Agricultural Exports: Agricultural export prices advanced 0.5 percent in May following a 0.4-percent decline in April. Higher prices in May for wheat, fruit, corn, and meat all contributed to the increase in export agricultural prices. Despite the May increase, export agricultural prices decreased 6.6 percent over the past 12 months. All Exports Excluding Agriculture: The price index for nonagricultural exports decreased 0.8 percent in May, the first monthly decline since December 2023. Lower prices for nonagricultural industrial supplies and materials in May more than offset higher prices for capital goods, consumer goods, and nonagricultural foods. In spite of the May drop, nonagricultural export prices rose 1.5 percent over the past year, the largest 12-month increase since January 2023. Nonagricultural Industrial Supplies and Materials: Prices for nonagricultural industrial supplies and materials fell 2.0 percent in May, the first 1-month decline since December 2023. The May drop was driven by a 5.1-percent decrease in export fuel prices. Despite the May drop, prices for export fuel increased 3.1 percent over the past year, the first 12-month advance since January 2023. Finished Goods: Prices for the major finished goods export categories mostly increased in May. Capital goods prices ticked up 0.1 percent following a 0.5-percent advance in April. The May increase was led by a 0.9-percent rise in semiconductor prices. Prices for export consumer goods rose 0.1 percent for the second consecutive month in May. Higher prices for household goods; recreational equipment; and coins, gems, jewelry, and collectibles all contributed to the increase in consumer goods prices. The price index for export automotive vehicles was unchanged in May, after a 0.8-percent advance the previous month. 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 fell 0.2 percent in May, after being unchanged in each of the previous 2 months. The May decline was the largest 1-month drop since a 0.4-percent decrease in January 2024. Prices for imports from China last advanced on a monthly basis in October 2022. The price index for imports from China fell 2.1 percent for the year ended in May. Import prices from Japan were unchanged in May following a 0.1-percent decline in April. Prices for imports from Japan increased 0.3 percent from May 2023 to May 2024. Import prices from Canada and Mexico decreased in May, declining 1.9 percent and 1.0 percent, respectively. In contrast, prices for imports from the European Union rose 0.3 percent for the second consecutive month in May. The price index for imports from the European Union advanced 1.9 percent over the past year. (See table 7.) Exports by Locality of Destination: Prices for exports to China decreased 0.3 percent in May, after increasing 0.8 percent in April. The May drop was the first 1-month decrease since the index fell 1.4 percent in January 2024. The price index for exports to China declined 1.7 percent over the past 12 months. Export prices to Japan fell 0.2 percent in May following a 1.5-percent advance the previous month. Prices for exports to Japan decreased 1.8 percent over the past year. The price index for exports to Canada edged down 0.1 percent in May, after rising 0.4 percent the previous month. Prices for exports to Canada rose 1.7 percent for the year ended in May. Export prices to Mexico fell 1.0 percent in May, the first monthly decrease since December 2023. The price index for exports to the European Union declined 1.5 percent in May, the largest 1-month decrease since May 2023. (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 edged down 0.1 percent in May, after increasing 0.8 percent the previous month. Lower export prices to China in May more than offset lower import prices from China. Despite the May decline, U.S. terms of trade with China increased 0.4 percent over the past year, the first 12-month advance since December 2023. The index for U.S. terms of trade with Japan fell 0.1 percent in May following a 1.5-percent rise in April. U.S. terms of trade with Japan declined 2.1 percent for the year ended in May. The index for U.S. terms of trade with Mexico was unchanged in May, and U.S. terms of trade with the European Union decreased 1.7 percent over the same period. In contrast, U.S. terms of trade with Canada rose 1.9 percent in May, the first monthly increase since December 2023. (See table 9.) Import and Export Services Imports: Import air passenger fares rose 0.4 percent in May following a 1.2-percent increase the previous month. Higher European and Asian fares in May more than offset lower Latin American/Caribbean fares. Despite the May advance, import air passenger fares declined 1.6 percent over the past 12 months. The price index for import air freight decreased 1.7 percent in May, after rising 5.4 percent in April and 1.6 percent in March. In spite of the May decline, import air freight prices increased 1.5 percent over the past year, the first 12-month advance since June 2022. (See table 10.) Exports: Export air passenger fares fell 3.0 percent in May following a 0.5-percent rise the previous month. Lower prices for Latin American/Caribbean and Asian fares more than offset higher European fares. The index for export air passenger fares declined 2.5 percent for the year ended in May. Prices for export air freight decreased 1.0 percent in May, after falling 2.5 percent in April. Lower European and Asian air freight prices contributed to the overall decline in air freight prices in May. Export air freight prices decreased 5.3 percent from May 2023 to May 2024. U.S. Import and Export Price Index data for June 2024 are scheduled for release on Tuesday, July 16, 2024, at 8:30 a.m. (ET).
Description | End Use |
Relative import- ance Apr. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Apr. 2024 |
May 2024 |
Annual | Monthly | ||||||
May 2023 to May 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
Mar. 2024 to Apr. 2024 |
Apr. 2024 to May 2024 |
|||||
All commodities |
100.000 | 141.8 | 141.2 | 1.1 | 0.2 | 0.6 | 0.9 | -0.4 | |
All imports excluding food and fuels (Dec. 2010=100) |
84.052 | 108.9 | 108.7 | 0.1 | 0.1 | 0.0 | 0.6 | -0.2 | |
All imports excluding petroleum |
91.621 | 124.8 | 124.4 | 0.4 | 0.0 | 0.2 | 0.6 | -0.3 | |
All imports excluding fuels (Dec. 2001=100) |
91.383 | 128.9 | 128.5 | 0.5 | 0.1 | 0.2 | 0.7 | -0.3 | |
Foods, feeds, & beverages |
0 |
7.331 | 224.6 | 220.9 | 5.6 | 0.2 | 1.6 | 1.3 | -1.6 |
Agricultural foods, feeds & beverages, excluding distilled beverages |
00 |
6.018 | 254.5 | 249.4 | 8.4 | -0.4 | 2.0 | 1.7 | -2.0 |
Nonagricultural foods (fish, distilled beverages) |
01 |
1.313 | 152.0 | 151.7 | -5.5 | 3.1 | -0.5 | -0.3 | -0.2 |
Industrial supplies & materials |
1 |
23.582 | 250.3 | 247.8 | 2.0 | 0.0 | 2.5 | 3.3 | -1.0 |
Industrial supplies & materials excluding petroleum |
15.339 | 203.0 | 201.6 | -1.8 | -0.8 | 0.6 | 2.7 | -0.7 | |
Industrial supplies & materials excluding fuels (Dec. 2001=100) |
14.952 | 229.1 | 228.1 | -1.1 | -0.5 | 1.1 | 3.0 | -0.4 | |
Industrial supplies & materials, durable |
9.409 | 219.8 | 222.0 | -1.6 | -0.5 | 1.1 | 1.8 | 1.0 | |
Industrial supplies & materials nondurable excluding petroleum |
5.794 | 183.8 | 177.7 | -2.0 | -1.4 | -0.3 | 4.1 | -3.3 | |
Fuels & lubricants |
10 |
8.617 | 297.1 | 291.2 | 7.9 | 1.1 | 5.0 | 4.1 | -2.0 |
Petroleum & petroleum products |
100 |
8.379 | 324.8 | 319.4 | 9.8 | 1.7 | 6.3 | 4.6 | -1.7 |
Crude petroleum |
10000 |
5.815 | 338.9 | 321.0 | 8.1 | 3.4 | 5.1 | 7.3 | -5.3 |
Fuels, n.e.s.-coals & gas |
101 |
0.239 | 113.0 | 95.4 | -33.2 | -11.0 | -21.3 | -9.1 | -15.6 |
Natural gas |
10110 |
0.150 | 85.6 | 68.9 | -39.3 | -14.3 | -29.7 | -9.4 | -19.5 |
Paper & paper base stocks |
11 |
0.527 | 138.7 | 140.9 | -0.1 | -1.3 | -0.6 | 1.3 | 1.6 |
Materials associated with nondurable supplies & materials |
12 |
5.028 | 206.2 | 199.4 | -0.3 | -0.7 | 1.3 | 5.6 | -3.3 |
Unfinished metals related to durable goods |
14 |
3.457 | 323.3 | 330.8 | -3.4 | -1.7 | 1.2 | 2.9 | 2.3 |
Finished metals related to durable goods |
15 |
2.639 | 223.7 | 227.3 | 3.8 | -0.5 | 2.3 | 2.2 | 1.6 |
Capital goods |
2 |
28.376 | 93.6 | 93.5 | -0.2 | 0.2 | -0.2 | 0.1 | -0.1 |
Nonelectrical machinery |
21 |
22.422 | 84.1 | 84.1 | -0.6 | 0.0 | 0.1 | -0.1 | 0.0 |
Transportation equipment excluding motor vehicles (Dec. 2001=100) |
22 |
1.665 | 160.6 | 161.0 | 5.3 | 1.4 | 1.6 | 0.2 | 0.2 |
Automotive vehicles, parts & engines |
3 |
13.514 | 120.8 | 120.7 | 2.3 | 0.1 | 0.2 | 0.4 | -0.1 |
Automotive vehicles, parts and engines, 2 digit (Dec. 2023=100) |
30 |
13.514 | 101.4 | 101.3 | - | 0.0 | 0.2 | 0.4 | -0.1 |
Consumer goods, excluding automotives |
4 |
27.196 | 110.6 | 110.4 | 0.0 | 0.4 | -0.3 | -0.1 | -0.2 |
Nondurables, manufactured |
40 |
13.659 | 127.9 | 128.0 | 1.9 | 0.2 | 0.0 | -0.1 | 0.1 |
Durables, manufactured |
41 |
12.558 | 94.3 | 93.8 | -1.9 | 0.1 | -0.1 | -0.2 | -0.5 |
Nonmanufactured consumer goods |
42 |
0.980 | 125.5 | 127.1 | -1.8 | 7.3 | -5.9 | 0.4 | 1.3 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | End Use |
Relative import- ance Apr. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Apr. 2024 |
May 2024 |
Annual | Monthly | ||||||
May 2023 to May 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
Mar. 2024 to Apr. 2024 |
Apr. 2024 to May 2024 |
|||||
All commodities |
100.000 | 149.7 | 148.8 | 0.6 | 0.7 | 0.1 | 0.6 | -0.6 | |
Agricultural commodities |
9.300 | 226.2 | 227.3 | -6.6 | 0.8 | -1.0 | -0.4 | 0.5 | |
All exports excluding food and fuels (Dec. 2010=100) |
74.952 | 115.9 | 116.1 | 1.0 | 0.3 | 0.4 | 0.6 | 0.2 | |
All exports excluding fuels (June 2022=100) |
83.457 | 100.2 | 100.4 | 0.6 | 0.4 | 0.3 | 0.6 | 0.2 | |
Nonagricultural commodities |
90.700 | 143.7 | 142.6 | 1.5 | 0.7 | 0.3 | 0.7 | -0.8 | |
Foods, feeds, & beverages |
0 |
8.505 | 227.4 | 229.5 | -6.6 | 0.7 | -1.2 | -0.2 | 0.9 |
Agricultural foods, feeds & beverages, excluding distilled beverages |
00 |
8.136 | 229.6 | 231.7 | -6.5 | 0.6 | -1.2 | -0.2 | 0.9 |
Nonagricultural foods (fish, distilled beverages) |
01 |
0.370 | 185.4 | 187.1 | -9.2 | 0.8 | -0.7 | -1.7 | 0.9 |
Industrial supplies & materials |
1 |
38.651 | 203.0 | 199.0 | 1.3 | 1.5 | 0.5 | 1.1 | -2.0 |
Industrial supplies & materials, durable |
11.073 | 217.8 | 220.5 | 2.2 | 0.3 | 1.1 | 2.0 | 1.2 | |
Industrial supplies & materials, nondurable |
27.578 | 194.7 | 188.3 | 1.0 | 2.0 | 0.2 | 0.8 | -3.3 | |
Agricultural industrial supplies & materials |
10 |
1.164 | 212.2 | 206.3 | -6.9 | 1.9 | 0.7 | -1.6 | -2.8 |
Nonagricultural industrial supplies & materials |
37.487 | 202.8 | 198.8 | 1.6 | 1.4 | 0.5 | 1.2 | -2.0 | |
Fuels & lubricants |
11 |
16.543 | 245.0 | 232.6 | 3.1 | 2.2 | -0.3 | 1.0 | -5.1 |
Nonagricultural supplies & materials excluding fuels & building materials |
12 |
20.188 | 197.8 | 198.8 | 0.5 | 0.8 | 1.1 | 1.4 | 0.5 |
Selected building materials |
13 |
0.755 | 151.5 | 150.0 | 1.0 | 0.5 | 0.9 | 0.7 | -1.0 |
Capital goods |
2 |
31.533 | 123.3 | 123.4 | 2.0 | 0.4 | 0.0 | 0.5 | 0.1 |
Nonelectrical machinery |
21 |
22.433 | 102.7 | 102.9 | 1.4 | 0.3 | -0.1 | 0.4 | 0.2 |
Transportation equipment excluding motor vehicles (Dec. 2001=100) |
22 |
5.585 | 218.8 | 218.9 | 5.8 | 0.5 | 0.1 | 0.2 | 0.0 |
Automotive vehicles, parts & engines |
3 |
8.611 | 128.7 | 128.7 | 4.0 | 0.1 | 0.0 | 0.8 | 0.0 |
Vehicles-passenger (Dec. 2023=100) |
30 |
8.611 | 101.2 | 101.3 | - | 0.0 | 0.1 | 0.7 | 0.1 |
Consumer goods, excluding automotives |
4 |
12.700 | 118.0 | 118.1 | -1.3 | -0.1 | 0.4 | 0.1 | 0.1 |
Nondurables, manufactured |
40 |
6.692 | 107.2 | 107.1 | -3.5 | -0.3 | -0.1 | 0.0 | -0.1 |
Durables, manufactured |
41 |
4.868 | 122.0 | 122.5 | 2.5 | 0.1 | 1.3 | 0.2 | 0.4 |
Nonmanufactured consumer goods (Dec. 2018=100) |
42 |
1.141 | 126.3 | 126.0 | -4.2 | 0.0 | -0.2 | -0.4 | -0.2 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | NAICS | Relative import- ance Apr. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Apr. 2024 |
May 2024 |
Annual | Monthly | ||||||
May 2023 to May 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
Mar. 2024 to Apr. 2024 |
Apr. 2024 to May 2024 |
|||||
Nonmanufacturing |
8.522 | 159.7 | 151.2 | 6.7 | 2.6 | 2.2 | 4.7 | -5.3 | |
Agriculture, forestry, fishing and hunting |
11 |
2.271 | 244.0 | 232.8 | 10.5 | 2.8 | -0.5 | 0.5 | -4.6 |
Crop production |
111 |
1.869 | 257.7 | 243.4 | 11.7 | 2.0 | -1.0 | 0.7 | -5.5 |
Animal production (Dec. 2022=100) |
112 |
0.242 | 121.1 | 121.1 | 9.4 | 10.9 | 2.4 | -1.5 | 0.0 |
Mining |
21 |
6.251 | 152.3 | 143.8 | 5.3 | 2.6 | 3.2 | 6.2 | -5.6 |
Oil and gas extraction |
211 |
6.011 | 151.0 | 142.2 | 6.3 | 2.6 | 3.3 | 6.5 | -5.8 |
Mining (except oil and gas) (Dec. 2022=100) |
212 |
0.240 | 109.4 | 110.0 | -12.5 | 2.6 | 3.4 | -0.9 | 0.5 |
Manufacturing |
91.159 | 122.7 | 122.8 | 0.2 | -0.1 | 0.3 | 0.5 | 0.1 | |
Manufacturing, part 1 |
31 |
12.085 | 142.2 | 141.5 | 1.6 | 0.6 | 0.7 | 1.8 | -0.5 |
Food manufacturing |
311 |
4.533 | 200.0 | 197.4 | 4.3 | 1.5 | 1.9 | 4.9 | -1.3 |
Beverage and tobacco product manufacturing |
312 |
1.167 | 142.3 | 142.5 | 1.9 | 0.1 | 0.5 | 0.1 | 0.1 |
Textile mills (Dec. 2023=100) |
313 |
0.322 | 102.0 | 102.1 | - | 0.4 | 0.3 | 1.2 | 0.1 |
Textile product mills (Dec. 2023=100) |
314 |
0.888 | 100.1 | 100.0 | - | 0.1 | -0.1 | 0.0 | -0.1 |
Apparel manufacturing |
315 |
3.494 | 119.0 | 119.0 | -0.2 | 0.0 | 0.0 | -0.1 | 0.0 |
Manufacturing, part 2 |
32 |
18.907 | 142.5 | 143.8 | 0.6 | -0.4 | 0.8 | -0.1 | 0.9 |
Paper manufacturing |
322 |
0.996 | 121.6 | 122.7 | -0.5 | -1.0 | -0.2 | 0.7 | 0.9 |
Printing and related support activities (Dec. 2023=100) |
323 |
0.146 | 100.0 | 100.0 | - | -0.2 | -0.2 | -0.1 | 0.0 |
Petroleum and coal products manufacturing |
324 |
2.289 | 139.4 | 150.5 | 13.5 | -3.0 | 9.4 | -0.7 | 8.0 |
Chemical manufacturing |
325 |
11.003 | 150.9 | 150.9 | -0.7 | -0.2 | -0.3 | -0.2 | 0.0 |
Plastics and rubber products manufacturing |
326 |
2.529 | 131.5 | 131.4 | -2.2 | 0.8 | -0.2 | 0.2 | -0.1 |
Nonmetallic mineral product manufacturing |
327 |
1.085 | 144.0 | 144.7 | -2.1 | 0.1 | -0.4 | -0.3 | 0.5 |
Manufacturing, part 3 |
33 |
60.166 | 113.0 | 113.0 | -0.1 | 0.0 | 0.1 | 0.4 | 0.0 |
Primary metal manufacturing |
331 |
4.770 | 228.9 | 234.0 | 0.8 | -1.4 | 1.4 | 4.2 | 2.2 |
Fabricated metal product manufacturing |
332 |
3.146 | 144.5 | 145.2 | -2.9 | -0.1 | 1.5 | -1.6 | 0.5 |
Machinery manufacturing |
333 |
7.935 | 132.1 | 131.8 | -0.2 | 0.3 | -0.1 | 0.0 | -0.2 |
Computer and electronic product manufacturing |
334 |
16.359 | 72.0 | 71.7 | -1.5 | 0.0 | -0.1 | -0.1 | -0.4 |
Electrical equipment, appliance, and component manufacturing |
335 |
6.253 | 125.8 | 125.1 | -2.2 | 0.1 | -1.2 | 0.2 | -0.6 |
Transportation equipment manufacturing |
336 |
13.971 | 120.1 | 120.0 | 2.6 | 0.3 | 0.3 | 0.3 | -0.1 |
Furniture and related product manufacturing |
337 |
1.846 | 127.7 | 127.7 | -1.2 | -0.2 | 0.0 | -0.2 | 0.0 |
Miscellaneous manufacturing |
339 |
5.886 | 130.0 | 130.1 | 1.2 | 0.2 | 0.2 | 0.5 | 0.1 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | NAICS | Relative import- ance Apr. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Apr. 2024 |
May 2024 |
Annual | Monthly | ||||||
May 2023 to May 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
Mar. 2024 to Apr. 2024 |
Apr. 2024 to May 2024 |
|||||
Nonmanufacturing |
14.410 | 173.0 | 168.8 | -1.6 | 1.0 | -2.4 | 0.3 | -2.4 | |
Agriculture, forestry, fishing and hunting |
11 |
4.444 | 183.4 | 185.2 | -11.3 | 1.1 | -2.7 | -0.1 | 1.0 |
Crop production |
111 |
4.143 | 192.5 | 194.9 | -12.1 | 0.9 | -3.0 | 0.0 | 1.2 |
Mining |
21 |
9.967 | 110.1 | 105.7 | 4.2 | 1.0 | -2.3 | 0.5 | -4.0 |
Oil and gas extraction (Dec. 2021=100) |
211 |
8.677 | 98.1 | 93.3 | 6.9 | 1.1 | -2.6 | 0.7 | -4.9 |
Mining (except oil and gas) |
212 |
1.289 | 132.5 | 136.0 | -8.5 | 0.3 | -0.4 | -1.7 | 2.6 |
Manufacturing |
84.007 | 135.4 | 134.8 | 0.9 | 0.6 | 0.5 | 0.7 | -0.4 | |
Manufacturing, part 1 |
31 |
6.340 | 169.5 | 169.0 | -3.1 | 0.0 | 0.4 | -0.7 | -0.3 |
Food manufacturing |
311 |
4.553 | 199.2 | 199.1 | -2.9 | -0.4 | 0.7 | -0.6 | -0.1 |
Beverage and tobacco product manufacturing |
312 |
0.511 | 137.2 | 134.3 | -9.5 | -0.5 | -1.1 | -2.1 | -2.1 |
Manufacturing, part 2 |
32 |
25.885 | 136.5 | 134.1 | -0.8 | 1.6 | 0.8 | 0.8 | -1.8 |
Wood product manufacturing (Dec. 2017=100) |
321 |
0.441 | 123.6 | 121.8 | 4.5 | 0.9 | 1.5 | 1.2 | -1.5 |
Petroleum and coal products manufacturing |
324 |
6.274 | 154.4 | 144.7 | 2.6 | 4.6 | 3.1 | 2.1 | -6.3 |
Chemical manufacturing |
325 |
14.521 | 131.9 | 131.3 | -3.0 | 0.9 | 0.2 | 0.2 | -0.5 |
Plastics and rubber products manufacturing |
326 |
2.225 | 134.4 | 134.7 | 1.1 | 0.4 | -0.6 | -0.2 | 0.2 |
Nonmetallic mineral product manufacturing |
327 |
0.730 | 132.1 | 131.9 | 0.6 | -0.2 | 0.0 | 0.2 | -0.2 |
Manufacturing, part 3 |
33 |
51.782 | 131.5 | 131.7 | 2.2 | 0.2 | 0.4 | 0.8 | 0.2 |
Primary metal manufacturing |
331 |
4.585 | 210.4 | 212.9 | 2.0 | -1.0 | 3.0 | 4.3 | 1.2 |
Machinery manufacturing |
333 |
9.485 | 152.2 | 152.1 | 2.0 | 0.3 | -0.1 | 0.6 | -0.1 |
Computer and electronic product manufacturing |
334 |
12.522 | 83.4 | 83.6 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 |
Transportation equipment manufacturing |
336 |
13.281 | 149.6 | 149.6 | 4.9 | 0.2 | 0.1 | 0.6 | 0.0 |
Furniture and related product manufacturing (Dec. 2023=100) |
337 |
0.351 | 101.9 | 102.3 | - | 0.0 | 0.0 | 0.1 | 0.4 |
Miscellaneous manufacturing |
339 |
5.071 | 142.7 | 142.9 | 3.1 | 0.2 | 0.6 | 0.7 | 0.1 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Harmo- nized system |
Relative importance Apr. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Apr. 2024 |
May 2024 |
Annual | Monthly | ||||||
May 2023 to May 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
Mar. 2024 to Apr. 2024 |
Apr. 2024 to May 2024 |
|||||
Live animals; animal products |
I |
1.479 | 239.9 | 240.3 | 1.7 | 4.6 | 0.9 | 0.8 | 0.2 |
Meat and edible meat offal |
02 |
0.440 | 353.6 | 363.2 | 12.9 | 2.4 | 3.8 | 2.8 | 2.7 |
Fish and crustaceans, molluscs and other aquatic invertebrates |
03 |
0.687 | 146.9 | 146.2 | -6.7 | 6.4 | -0.7 | -0.7 | -0.5 |
Vegetable products |
II |
2.164 | 262.6 | 250.8 | 1.2 | -2.1 | -1.2 | 0.3 | -4.5 |
Edible vegetables, roots, and tubers |
07 |
0.564 | 542.5 | 469.2 | -2.9 | -14.1 | 9.2 | -2.2 | -13.5 |
Edible fruit and nuts; peel of citrus fruit or melons |
08 |
0.818 | 132.9 | 126.5 | 9.7 | -4.9 | -1.7 | 1.4 | -4.8 |
Coffee, tea, mate and spices |
09 |
0.397 | 300.7 | 302.4 | -0.3 | 1.3 | 1.0 | 1.1 | 0.6 |
Animal or vegetable fats and oils (Dec. 2009=100) |
III |
0.457 | 152.3 | 150.4 | 2.7 | 0.5 | 3.0 | 1.5 | -1.2 |
Animal or vegetable fats and oils and their cleavage products; prepared (Dec. 2023=100) |
15 |
0.457 | 102.5 | 101.3 | - | 0.5 | 3.0 | 1.5 | -1.2 |
Prepared foodstuffs, beverages, and tobacco |
IV |
3.696 | 214.8 | 211.9 | 8.7 | 1.0 | 1.8 | 5.4 | -1.4 |
Sugars and sugar confectionary (Dec. 2021=100) |
17 |
0.244 | 127.8 | 128.6 | 12.5 | 1.1 | 1.7 | -0.5 | 0.6 |
Cocoa and cocoa preparations (Dec. 2009=100) |
18 |
0.544 | 283.7 | 250.2 | 111.3 | 14.1 | 21.4 | 44.7 | -11.8 |
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100) |
19 |
0.488 | 99.8 | 99.7 | - | -0.1 | -0.1 | 0.0 | -0.1 |
Miscellaneous edible preparations (Dec. 2022=100) |
21 |
0.414 | 98.8 | 99.7 | 1.9 | -2.2 | -2.1 | 5.6 | 0.9 |
Beverages, spirits, and vinegar |
22 |
1.106 | 155.2 | 155.4 | 1.1 | 0.1 | 0.5 | 0.1 | 0.1 |
Mineral products |
V |
8.659 | 304.0 | 297.9 | 7.2 | 0.9 | 4.8 | 4.2 | -2.0 |
Mineral fuels, oils and residuals, bituminous substances and mineral waxes |
27 |
8.366 | 297.8 | 291.5 | 8.3 | 0.9 | 4.9 | 4.4 | -2.1 |
Products of the chemical or allied industries |
VI |
10.665 | 172.7 | 172.8 | -0.3 | 0.1 | -0.2 | -0.4 | 0.1 |
Organic chemicals |
29 |
2.190 | 136.7 | 136.6 | -6.8 | 0.1 | -0.2 | -0.4 | -0.1 |
Pharmaceutical products |
30 |
5.562 | 155.3 | 156.0 | 5.0 | 0.6 | 0.1 | -0.1 | 0.5 |
Fertilizers (Dec. 2022=100) |
31 |
0.220 | 63.7 | 61.2 | -9.5 | -1.4 | 2.6 | -0.2 | -3.9 |
Tanning extracts; dye, pigments, varnish, paints & putty (Dec. 2022=100) |
32 |
0.193 | 100.6 | 101.5 | -1.4 | -0.5 | -0.1 | -0.2 | 0.9 |
Miscellaneous chemical products |
38 |
0.878 | 112.7 | 111.7 | -8.1 | -0.5 | -0.7 | -1.2 | -0.9 |
Plastics and articles thereof; rubber and articles thereof |
VII |
3.732 | 153.9 | 154.0 | -2.6 | 0.2 | -0.2 | 0.3 | 0.1 |
Plastics and articles thereof |
39 |
2.493 | 151.2 | 151.2 | -4.2 | 0.2 | -0.3 | 0.4 | 0.0 |
Rubber and articles thereof |
40 |
1.239 | 162.1 | 162.4 | 0.2 | 0.2 | 0.0 | -0.1 | 0.2 |
Printed matter (Dec. 2023=100) |
49 |
0.167 | 99.8 | 99.8 | - | 0.0 | -0.2 | 0.0 | 0.0 |
Textile and textile articles |
XI |
4.505 | 120.7 | 120.7 | -0.3 | 0.0 | 0.0 | 0.1 | 0.0 |
Articles of apparel and clothing accessories, knitted or crocheted (Dec. 2023=100) |
61 |
1.927 | 100.1 | 99.8 | - | 0.0 | 0.0 | -0.2 | -0.3 |
Articles of apparel and clothing accessories, not knitted or crocheted |
62 |
1.406 | 127.1 | 127.6 | 0.2 | 0.1 | 0.0 | 0.2 | 0.4 |
Made-up or worn textile articles (Dec. 2023=100) |
63 |
0.614 | 99.4 | 99.5 | - | 0.0 | 0.0 | -0.2 | 0.1 |
Headgear, umbrellas, artificial flowers, etc. |
XII |
1.441 | 126.8 | 126.3 | -0.2 | 0.0 | 0.0 | 0.1 | -0.4 |
Footwear and parts of such articles |
64 |
1.179 | 123.8 | 123.5 | 0.2 | 0.1 | -0.1 | 0.1 | -0.2 |
Stone, plaster, cement, asbestos, ceramics, glass etc. |
XIII |
0.931 | 136.9 | 138.0 | -0.9 | 0.0 | -0.5 | 0.0 | 0.8 |
Articles of stone, plaster, cement, asbestos, or mica (Dec. 2020=100) |
68 |
0.323 | 100.6 | 100.5 | -2.3 | 0.0 | -0.9 | 0.4 | -0.1 |
Glass and glassware (Dec. 2021=100) |
70 |
0.339 | 109.5 | 112.1 | 2.0 | 0.0 | -0.1 | 0.0 | 2.4 |
Pearls, stones, precious metals, imitation jewelry, and coins |
XIV |
3.202 | 239.4 | 242.5 | 1.9 | -0.8 | 1.7 | 5.1 | 1.3 |
Pearls, precious stones, precious metals jewelry, coin (Dec. 2023=100) |
71 |
3.202 | 106.4 | 107.7 | - | -0.8 | 1.8 | 5.1 | 1.2 |
Base metals and articles of base metals |
XV |
5.821 | 228.7 | 232.3 | -1.9 | -0.5 | 0.8 | 0.4 | 1.6 |
Articles of iron or steel |
73 |
1.710 | 191.7 | 191.4 | -7.0 | -0.3 | -1.1 | 0.4 | -0.2 |
Copper and articles thereof |
74 |
0.546 | 424.2 | 452.1 | 19.2 | -1.0 | 3.0 | 9.0 | 6.6 |
Aluminum and articles thereof |
76 |
1.054 | 187.8 | 196.1 | 2.3 | -1.0 | 5.4 | -1.8 | 4.4 |
Tools, implements, cutlery, spoons and forks, of base metal; parts thereof |
82 |
0.409 | 133.1 | 132.9 | 0.6 | 0.5 | -0.4 | -0.1 | -0.2 |
Miscellaneous articles of base metal |
83 |
0.503 | 141.9 | 141.8 | -4.3 | -0.1 | -0.1 | -0.5 | -0.1 |
Machinery, electrical equipment, TV image and sound recorders, parts, etc. |
XVI |
30.241 | 82.2 | 82.0 | -0.8 | 0.1 | -0.4 | 0.0 | -0.2 |
Machinery and mechanical appliances; parts thereof |
84 |
15.229 | 89.9 | 89.9 | 0.1 | 0.4 | 0.0 | 0.0 | 0.0 |
Electrical machinery and equip, sound and TV recorders & reproducers, parts |
85 |
15.012 | 75.0 | 74.6 | -2.1 | -0.1 | -0.5 | -0.1 | -0.5 |
Vehicles, aircraft, vessels and associated transport equipment |
XVII |
11.747 | 124.0 | 123.9 | 1.9 | 0.0 | 0.1 | 0.3 | -0.1 |
Motor vehicles and their parts |
87 |
10.989 | 123.2 | 123.1 | 2.1 | 0.1 | 0.1 | 0.3 | -0.1 |
Aircraft, spacecraft, and parts thereof (Dec. 2020=100) |
88 |
0.618 | 107.7 | 107.8 | -0.6 | -0.3 | 0.4 | 0.3 | 0.1 |
Optical, photo, measuring, medical & musical instruments; & timepieces |
XVIII |
4.174 | 111.1 | 111.0 | 2.8 | 0.5 | 0.3 | 0.2 | -0.1 |
Optical, photographic, measuring and medical instruments |
90 |
3.874 | 106.7 | 106.7 | 2.9 | 0.6 | 0.5 | 0.3 | 0.0 |
Miscellaneous manufactured articles |
XX |
4.541 | 120.4 | 120.2 | -0.1 | 0.0 | 0.2 | 0.0 | -0.2 |
Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs |
94 |
2.519 | 126.9 | 126.7 | -0.8 | -0.1 | 0.0 | 0.0 | -0.2 |
Toys, games and sports equipment; parts and accessories thereof |
95 |
1.710 | 107.2 | 107.1 | 0.4 | 0.0 | 0.3 | 0.0 | -0.1 |
Miscellaneous manufactured articles |
96 |
0.312 | 152.6 | 152.6 | 3.6 | 0.0 | 0.8 | 0.0 | 0.0 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Harmo- nized system |
Relative import- ance Apr. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Apr. 2024 |
May 2024 |
Annual | Monthly | ||||||
May 2023 to May 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
Mar. 2024 to Apr. 2024 |
Apr. 2024 to May 2024 |
|||||
Live animals; animal products |
I |
1.982 | 270.4 | 272.6 | 3.5 | 0.3 | 2.0 | 2.0 | 0.8 |
Meat & edible meat offal (Dec. 2006=100) |
02 |
1.286 | 235.3 | 238.4 | 9.3 | -0.2 | 2.6 | 2.6 | 1.3 |
Vegetable products |
II |
3.976 | 234.7 | 239.4 | -13.7 | 0.5 | -3.6 | -0.7 | 2.0 |
Edible fruit and nuts; peel of citrus fruit or melons |
08 |
0.839 | 146.9 | 151.4 | 5.9 | 6.4 | -1.0 | -3.5 | 3.1 |
Cereals |
10 |
1.123 | 229.2 | 238.7 | -21.3 | 1.0 | -5.1 | 0.7 | 4.1 |
Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder |
12 |
1.645 | 242.6 | 243.2 | -18.2 | -3.8 | -4.8 | 2.1 | 0.2 |
Prepared foodstuffs, beverages, and tobacco |
IV |
2.852 | 181.1 | 178.5 | -4.9 | -0.6 | -0.3 | -1.4 | -1.4 |
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100) |
19 |
0.294 | 100.3 | 100.3 | - | 0.3 | -0.1 | 0.1 | 0.0 |
Miscellaneous edible preparations (Dec. 2017=100) |
21 |
0.634 | 120.9 | 120.0 | 2.1 | 0.3 | 2.1 | 0.2 | -0.7 |
Residues and waste from the food industries; prepared animal feed |
23 |
0.602 | 253.4 | 246.7 | -20.5 | -2.5 | -3.4 | -6.6 | -2.6 |
Mineral products |
V |
16.275 | 294.4 | 280.1 | 3.7 | 2.3 | -0.3 | 1.2 | -4.9 |
Ores, slag and ash (Dec. 2012=100) |
26 |
0.400 | 120.4 | 131.8 | -4.6 | -1.4 | 1.6 | 0.8 | 9.5 |
Mineral fuels, oils and residuals, bituminous substances and mineral waxes |
27 |
15.681 | 282.7 | 267.8 | 4.1 | 2.4 | -0.4 | 1.2 | -5.3 |
Products of the chemical or allied industries |
VI |
12.381 | 158.2 | 157.5 | -3.9 | 0.6 | 0.3 | 0.1 | -0.4 |
Pharmaceutical products |
30 |
4.395 | 103.5 | 103.3 | -4.7 | -0.1 | -0.1 | 0.1 | -0.2 |
Essential oils and resinoids; perfumery cosmetic or toilet preparations |
33 |
0.817 | 146.9 | 146.7 | -1.7 | -2.1 | 0.0 | -0.1 | -0.1 |
Miscellaneous chemical products |
38 |
2.328 | 194.0 | 194.0 | 0.9 | 0.6 | 0.4 | 0.3 | 0.0 |
Rubber and articles thereof |
40 |
0.904 | 190.2 | 193.0 | 14.1 | 9.6 | -0.8 | 0.2 | 1.5 |
Wood, wood charcoal, cork, straw, baskets and wickerwork (Dec. 2014=100) |
IX |
0.480 | 112.5 | 109.8 | 0.8 | 1.3 | 1.1 | 0.6 | -2.4 |
Wood and articles of wood; wood charcoal (Dec. 2023=100) |
44 |
0.480 | 104.9 | 102.4 | - | 1.4 | 1.0 | 0.7 | -2.4 |
Woodpulp and recovered paper (Dec. 2019=100) |
47 |
0.566 | 171.6 | 172.6 | 18.4 | 0.5 | 1.9 | 5.3 | 0.6 |
Cotton, including yarns and woven fabrics thereof |
52 |
0.691 | 166.2 | 160.5 | 1.2 | 5.0 | 3.5 | -0.4 | -3.4 |
Stone, plaster, cement, asbestos, ceramics, glass etc. |
XIII |
0.742 | 153.9 | 153.6 | 4.8 | -0.2 | 0.1 | 0.1 | -0.2 |
Glass and glassware (Dec. 2019=100) |
70 |
0.351 | 114.9 | 114.4 | 3.0 | 0.0 | 0.3 | 0.2 | -0.4 |
Pearls, stones, precious metals, imitation jewelry, and coins |
XIV |
5.084 | 334.6 | 338.6 | 4.0 | -1.1 | 3.6 | 3.8 | 1.2 |
Pearls, precious stones, precious metals; jewelry, coin (Dec. 2023=100) |
71 |
5.084 | 107.2 | 108.5 | - | -1.1 | 3.6 | 3.9 | 1.2 |
Base metals and articles of base metals |
XV |
4.435 | 210.9 | 213.3 | 0.3 | 0.7 | -0.4 | 0.9 | 1.1 |
Copper and articles thereof |
74 |
0.583 | 284.0 | 299.9 | 13.9 | 0.8 | 1.5 | 7.6 | 5.6 |
Aluminum and articles thereof |
76 |
0.714 | 148.9 | 154.8 | 4.7 | 0.5 | 0.8 | 1.1 | 4.0 |
Miscellaneous articles of base metal (Dec. 2022=100) |
83 |
0.333 | 105.7 | 105.7 | 3.9 | 1.8 | -0.2 | -0.1 | 0.0 |
Machinery, electrical equipment, TV image and sound recorders, parts, etc. |
XVI |
26.308 | 108.4 | 108.6 | 2.1 | 0.4 | 0.2 | 0.5 | 0.2 |
Machinery and mechanical appliances; parts thereof |
84 |
15.530 | 133.0 | 133.1 | 2.8 | 0.5 | -0.2 | 0.4 | 0.1 |
Electrical machinery and equipment and parts and accessories thereof |
85 |
10.778 | 82.7 | 83.1 | 1.3 | 0.4 | 0.7 | 0.5 | 0.5 |
Vehicles, aircraft, vessels and associated transport equipment |
XVII |
9.698 | 155.3 | 155.3 | 3.5 | 0.1 | 0.1 | 0.4 | 0.0 |
Motor vehicles and their parts |
87 |
7.238 | 129.7 | 129.7 | 3.9 | 0.1 | 0.0 | 0.4 | 0.0 |
Optical, photo, measuring, medical & musical instruments; & timepieces |
XVIII |
5.771 | 120.3 | 120.3 | 2.6 | -0.2 | -0.3 | 1.1 | 0.0 |
Optical, photographic, measuring and medical instruments (Dec. 2023=100) |
90 |
5.720 | 101.3 | 101.3 | - | -0.2 | -0.2 | 1.1 | 0.0 |
Miscellaneous manufactured articles |
XX |
1.162 | 136.8 | 137.5 | 0.6 | 0.2 | 0.3 | 0.4 | 0.5 |
Furniture; stuffed furnishings; lamps and lighting fittings nesoi |
94 |
0.573 | 150.2 | 151.0 | 0.7 | 0.0 | 0.1 | 0.2 | 0.5 |
Toys, games and sports equipment; parts and accessories thereof |
95 |
0.453 | 120.7 | 121.5 | 2.8 | 0.3 | 0.8 | 0.7 | 0.7 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Apr. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Apr. 2024 |
May 2024 |
Annual | Monthly | |||||
May 2023 to May 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
Mar. 2024 to Apr. 2024 |
Apr. 2024 to May 2024 |
||||
Industrialized Countries(2) |
100.000 | 147.7 | 147.2 | 1.7 | 0.6 | 0.5 | 1.4 | -0.3 |
Nonmanufacturing |
11.122 | 263.4 | 250.9 | 5.3 | 3.8 | 3.1 | 7.6 | -4.7 |
Manufacturing |
88.517 | 138.6 | 138.8 | 1.4 | 0.2 | 0.1 | 0.8 | 0.1 |
Canada |
100.000 | 175.5 | 172.2 | 0.9 | 1.1 | 1.0 | 3.4 | -1.9 |
Nonmanufacturing |
32.705 | 258.1 | 244.1 | 4.6 | 3.7 | 3.1 | 8.0 | -5.4 |
Manufacturing |
66.497 | 156.8 | 156.5 | -0.6 | -0.1 | 0.2 | 1.3 | -0.2 |
European Union |
100.000 | 158.4 | 158.8 | 1.9 | 0.3 | 0.1 | 0.3 | 0.3 |
Manufacturing |
99.322 | 154.1 | 154.4 | 1.9 | 0.3 | 0.1 | 0.4 | 0.2 |
France (Dec. 2003=100) |
100.000 | 158.3 | 158.3 | 4.7 | 0.1 | 0.1 | 0.5 | 0.0 |
Germany (Dec. 2003=100) |
100.000 | 124.7 | 124.6 | -0.6 | 0.3 | 0.2 | 0.3 | -0.1 |
United Kingdom (Dec. 2003=100) |
100.000 | 139.1 | 139.4 | 2.6 | 0.7 | 0.3 | 0.7 | 0.2 |
Latin America(3) |
100.000 | 175.4 | 173.6 | 2.9 | 0.5 | 0.8 | 0.8 | -1.0 |
Nonmanufacturing |
13.675 | 342.2 | 322.5 | 4.6 | 2.6 | 0.0 | -0.8 | -5.8 |
Manufacturing |
86.070 | 141.4 | 141.0 | 2.6 | 0.2 | 0.9 | 1.1 | -0.3 |
Mexico (Dec. 2003=100) |
100.000 | 148.6 | 147.1 | 3.2 | 0.4 | 0.7 | 0.6 | -1.0 |
Nonmanufacturing (Dec. 2008=100) |
8.896 | 185.5 | 170.0 | 9.7 | 3.0 | 2.2 | -3.0 | -8.4 |
Manufacturing (Dec. 2008=100) |
90.854 | 101.0 | 100.7 | 2.5 | 0.2 | 0.6 | 0.9 | -0.3 |
Pacific Rim (Dec. 2003=100)(4) |
100.000 | 102.2 | 102.0 | -1.2 | -0.1 | -0.2 | 0.3 | -0.2 |
China (Dec. 2003=100) |
100.000 | 100.5 | 100.3 | -2.1 | -0.1 | 0.0 | 0.0 | -0.2 |
Japan |
100.000 | 101.1 | 101.1 | 0.3 | -0.5 | -1.0 | -0.1 | 0.0 |
Taiwan (Dec. 2018=100) |
100.000 | 108.6 | 108.5 | -1.4 | -0.1 | 0.0 | 0.2 | -0.1 |
Asian NICs(5) |
100.000 | 95.1 | 94.9 | -0.3 | -0.2 | 0.1 | 0.8 | -0.2 |
ASEAN (Dec. 2003=100)(6) |
100.000 | 100.8 | 99.8 | -2.6 | -0.2 | 0.2 | 0.8 | -1.0 |
Asia Near East (Dec. 2003=100)(7) |
100.000 | 225.2 | 217.8 | 3.4 | 1.4 | 1.7 | 4.5 | -3.3 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Apr. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Apr. 2024 |
May 2024 |
Annual | Monthly | |||||
May 2023 to May 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
Mar. 2024 to Apr. 2024 |
Apr. 2024 to May 2024 |
||||
Industrialized Countries(2) |
100.000 | 122.8 | 122.3 | 3.0 | 0.7 | 0.2 | 0.7 | -0.4 |
Nonmanufacturing |
15.194 | 146.5 | 142.7 | 8.9 | 3.5 | -1.9 | 0.9 | -2.6 |
Manufacturing |
83.363 | 119.9 | 119.8 | 2.0 | 0.3 | 0.4 | 0.7 | -0.1 |
Canada |
100.000 | 128.9 | 128.8 | 1.7 | 0.3 | 0.4 | 0.4 | -0.1 |
Nonmanufacturing (Dec. 2020=100) |
7.423 | 137.5 | 135.1 | 5.2 | 1.2 | 0.6 | -0.1 | -1.7 |
Manufacturing (Dec. 2020=100) |
90.929 | 120.1 | 120.2 | 1.3 | 0.3 | 0.3 | 0.3 | 0.1 |
European Union |
100.000 | 123.4 | 121.6 | 4.1 | 1.6 | 1.2 | 1.2 | -1.5 |
Nonmanufacturing |
23.719 | 151.6 | 143.5 | 8.0 | 2.8 | 3.9 | 4.0 | -5.3 |
Manufacturing |
74.698 | 117.5 | 117.1 | 3.2 | 1.2 | 0.4 | 0.3 | -0.3 |
Germany |
100.000 | 124.4 | 124.0 | 6.4 | 0.3 | 0.6 | 1.1 | -0.3 |
Latin America(3) |
100.000 | 125.6 | 123.7 | 2.0 | 1.2 | 0.3 | 1.5 | -1.5 |
Nonmanufacturing |
7.119 | 137.4 | 135.5 | 0.9 | -0.6 | -5.8 | 1.3 | -1.4 |
Manufacturing |
92.328 | 124.8 | 122.9 | 1.9 | 1.3 | 0.8 | 1.5 | -1.5 |
Mexico |
100.000 | 125.2 | 124.0 | 1.1 | 0.7 | 0.3 | 1.9 | -1.0 |
Nonmanufacturing |
5.538 | 107.6 | 108.5 | -6.1 | -4.8 | -9.5 | 2.9 | 0.8 |
Manufacturing |
93.637 | 127.4 | 126.0 | 1.5 | 1.1 | 1.0 | 1.8 | -1.1 |
Pacific Rim(4) |
100.000 | 115.6 | 115.0 | 0.9 | 1.0 | 0.0 | 1.1 | -0.5 |
Nonmanufacturing |
20.745 | 122.2 | 119.3 | -1.6 | 2.4 | -1.7 | 2.6 | -2.4 |
Manufacturing |
78.047 | 115.6 | 115.4 | 1.6 | 0.6 | 0.5 | 0.7 | -0.2 |
China |
100.000 | 108.1 | 107.8 | -1.7 | 0.2 | 0.4 | 0.8 | -0.3 |
Nonmanufacturing |
24.411 | 104.8 | 103.0 | -8.2 | -1.3 | 0.4 | 1.8 | -1.7 |
Manufacturing |
74.028 | 111.5 | 111.5 | 0.4 | 0.7 | 0.4 | 0.4 | 0.0 |
Japan |
100.000 | 111.2 | 111.0 | -1.8 | 1.3 | -1.5 | 1.5 | -0.2 |
Nonmanufacturing |
21.551 | 123.6 | 123.6 | -0.5 | 5.3 | -7.2 | -0.2 | 0.0 |
Manufacturing |
77.214 | 108.1 | 107.7 | -1.9 | 0.2 | 0.2 | 1.8 | -0.4 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Index | Percent change | |||||
---|---|---|---|---|---|---|---|
Apr. 2024 |
May 2024 |
Annual | Monthly | ||||
May 2023 to May 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
Mar. 2024 to Apr. 2024 |
Apr. 2024 to May 2024 |
|||
Industrialized Countries(2) |
101.8 | 101.7 | 1.3 | 0.1 | -0.3 | -0.7 | -0.1 |
Canada |
96.5 | 98.3 | 0.8 | -0.8 | -0.6 | -2.9 | 1.9 |
European Union |
104.9 | 103.1 | 2.2 | 1.3 | 1.1 | 1.0 | -1.7 |
Germany |
114.8 | 114.5 | 7.1 | 0.0 | 0.4 | 0.7 | -0.3 |
Latin America(3) |
106.6 | 106.1 | -0.9 | 0.8 | -0.6 | 0.7 | -0.5 |
Mexico |
108.7 | 108.7 | -2.1 | 0.3 | -0.4 | 1.3 | 0.0 |
Pacific Rim(4) |
111.3 | 110.9 | 2.0 | 1.1 | 0.2 | 0.8 | -0.4 |
China |
107.7 | 107.6 | 0.4 | 0.3 | 0.4 | 0.8 | -0.1 |
Japan |
105.0 | 104.9 | -2.1 | 1.8 | -0.6 | 1.5 | -0.1 |
Footnotes |
|||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Apr. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Apr. 2024 |
May 2024 |
Annual | Monthly | |||||
May 2023 to May 2024 |
Jan. 2024 to Feb. 2024 |
Feb. 2024 to Mar. 2024 |
Mar. 2024 to Apr. 2024 |
Apr. 2024 to May 2024 |
||||
Air Freight |
||||||||
Import Air Freight |
100.000 | 234.4 | 230.3 | 1.5 | -3.4 | 1.6 | 5.4 | -1.7 |
Europe (Dec. 2003=100) |
20.872 | 149.7 | 144.8 | -32.3 | 3.7 | 7.3 | -15.0 | -3.3 |
Asia |
78.317 | 251.8 | 248.0 | 15.4 | -5.4 | 0.0 | 13.0 | -1.5 |
Export Air Freight |
100.000 | 172.1 | 170.4 | -5.3 | 2.4 | 1.1 | -2.5 | -1.0 |
Europe (Dec. 2006=100) |
26.466 | 124.4 | 122.2 | -11.4 | 1.6 | 1.0 | -5.8 | -1.8 |
Asia (Dec. 2011=100) |
51.117 | 141.9 | 141.0 | 0.3 | 3.9 | 2.1 | -1.7 | -0.6 |
Inbound Air Freight |
100.000 | 175.8 | 169.1 | 3.2 | -2.1 | 6.3 | 3.0 | -3.8 |
Europe (Dec. 2003=100) |
24.961 | 135.0 | 126.8 | -19.6 | 4.4 | 8.2 | -9.0 | -6.1 |
Asia |
61.463 | 172.4 | 169.4 | 14.8 | -3.2 | 4.9 | 8.4 | -1.7 |
Outbound Air Freight |
100.000 | 166.7 | 167.2 | -4.5 | 2.1 | -1.6 | -0.9 | 0.3 |
Europe (Dec. 2003=100) |
34.339 | 158.3 | 157.2 | -7.1 | 1.0 | 1.0 | -4.4 | -0.7 |
Asia |
44.584 | 182.1 | 184.9 | -2.1 | 4.2 | -4.0 | 1.5 | 1.5 |
Air Passenger Fares |
||||||||
Import Air Passenger Fares |
100.000 | 180.8 | 181.5 | -1.6 | 0.0 | 0.3 | 1.2 | 0.4 |
Europe |
46.179 | 194.0 | 208.1 | -4.0 | 1.3 | -1.5 | -0.4 | 7.3 |
Asia |
11.947 | 167.9 | 172.0 | -7.0 | -2.5 | 7.2 | -0.8 | 2.4 |
Latin America/Caribbean |
9.310 | 142.2 | 137.7 | -9.0 | 6.7 | 7.3 | -9.0 | -3.2 |
Export Air Passenger Fares |
100.000 | 182.1 | 176.7 | -2.5 | -10.1 | 4.0 | 0.5 | -3.0 |
Europe |
35.197 | 208.0 | 218.8 | -1.9 | -4.4 | 4.7 | -2.7 | 5.2 |
Asia |
12.163 | 190.5 | 189.2 | -6.1 | -18.8 | 4.4 | 1.9 | -0.7 |
Latin America/Caribbean |
32.557 | 183.6 | 158.8 | -11.6 | -15.8 | 3.2 | 2.7 | -13.5 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
TECHNICAL NOTE Import and Export Goods and Services Price Indexes - All indexes use a modified Laspeyres formula and are not seasonally adjusted. Price indexes are reweighted annually, with a 2-year lag in the weights. Published series use a base year of 2000=100 where possible. More detailed index series and additional information may be obtained at www.bls.gov/mxp or by calling (202) 691-7101. Merchandise Goods Classification Systems - The merchandise price indexes are published using three classification systems. Items are classified by end use according to the Bureau of Economic Analysis Classification System, by industry according to the North American Industry Classification System (NAICS), and by product category according to the Harmonized System (HS). While classification by end use and product category are self-explanatory, some notes are in order for classifying items by industry. In the NAICS imports and exports tables, items are classified by output industry, not input industry. As an example, NAICS import index 326 (plastics and rubber products manufacturing) includes outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS classification structure also matches the classification system used by the Producer Price Index (PPI) to produce the NAICS primary products indexes. Import Price Goods Indexes - Items are classified by the Harmonized Tariff Schedule of the United States Annotated (TSUSA). Import prices are based on U.S. dollar prices paid by the U.S. importer. The prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) U.S. port transaction prices, depending on the practices of the individual industry. The index for crude petroleum is calculated from data collected by the U.S. Department of Energy. Export Price Goods Indexes - Items are classified by the Harmonized Schedule B classification system of the U.S. Bureau of the Census. The prices used are generally either "free alongside ship" (f.a.s.) factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture. Services Price Indexes - Indexes for import and export air passenger fares calculate changes in the average revenue received per passenger by foreign carriers from U.S. residents and by U.S. carriers from foreign residents, respectively. Data are obtained from an airline consulting service and report on tickets sold by travel agencies, travel websites, and directly by the airlines. Taxes and fees are included in both the import and export air passenger fares indexes. Import air passenger fares data have used the airline consulting service source since September 2008. Before April 2018, the export air passenger fares data were collected directly by BLS from U.S. airlines. The air freight indexes are calculated from data collected directly from airlines. These data exclude mail and passenger baggage. The scope of the service being priced is the movement of freight from airport to airport only, and does not include any ground transportation or port service. The air freight indexes are presented using two definitions: balance of payments (which represents transactions between U.S. and foreign residents) and international (which represents transactions inbound to and outbound from the United States.) Fact sheets specifying detailed information for each services industry are available at www.bls.gov/mxp under "MXP Publications." Import Price Indexes by Locality of Origin - Prices used in these indexes are a subset of the data collected for the import price indexes. The indexes are specific to a country, region, or grouping and, beginning with January 2002, are based on the North American Industry Classification System (NAICS) covering goods-producing industries. Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are defined as NAICS 31-33. Export Price Indexes by Locality of Destination - Prices used in these indexes are a subset of the data collected for the export price indexes. The indexes are specific to a country, region, or grouping and are based on the North American Industry Classification System (NAICS) covering goods-producing industries. Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are defined as NAICS 31-33. Terms of Trade Indexes - Terms of trade indexes measure the relative price of exports in terms of import prices for a specific country, region, or grouping. The indexes are calculated as one country, region, or grouping's all-export goods price index divided by the corresponding all-import goods price index on a scale of 100. Relative Importance - A relative importance is a specific index's price-updated value share (expressed as a percentage) of overall imports or exports at a specific point in time. Relative importance values are affected by the trade weights at the point indexes are reweighted and index changes relative to other indexes since the reweight point. If an index is rising in value relative to other indexes over time, the relative importance will increase as well. Revision Policy - To reflect the availability of late reports and corrections by respondents, monthly data may be revised in each of the 3 months after original publication. After 3 months, no further data revisions take place. For example, data first published in the January release will be subject to revision in the releases for February, March, and April. Rounding Policy - Index values are rounded to the tenth decimal place after being calculated. All percent changes are then derived from the rounded index values and subsequently rounded to the tenth decimal place. Uses of the Data - The primary use of the indexes is to deflate trade statistics, notably the foreign trade sector of the National Income and Product Accounts (NIPA) constructed by the Department of Commerce. Other published indexes are useful for general market analysis. For trade in international services, balance of payments indexes are used for deflating NIPA, while international indexes are more appropriate for market analysis. 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.