U.S. Import and Export Price Indexes News Release

Transmission of material in this release is embargoed until					USDL-22-1628
8:30 a.m. (ET) Friday, August 12, 2022

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Media contact:	       (202) 691-5902 * PressOffice@bls.gov


                            U.S. IMPORT AND EXPORT PRICE INDEXES - JULY 2022

U.S. import prices decreased 1.4 percent in July, after advancing 0.3 percent in June, the U.S. Bureau of 
Labor Statistics reported today. Lower fuel and nonfuel prices in July contributed to the decline in U.S. 
import prices. The price index for U.S. exports fell 3.3 percent in July following a 0.7-percent advance the 
previous month.


Imports 

Prices for U.S. imports declined on a monthly basis in July for the first time since December 2021, 
decreasing 1.4 percent. The decline was the largest drop in import prices since the index fell 2.6 percent in 
April 2020. U.S. import prices rose 8.8 percent over the past 12 months, the smallest over-the-year increase 
since the index advanced 7.1 percent from March 2020 to March 2021. (See table 1.)

Fuel Imports: Import fuel prices declined 7.5 percent in July following 6.2-percent increases in June and 
May. The July decrease was the first 1-month drop since a 7.7-percent decline in December 2021. Despite 
the July drop, import fuel prices advanced 56.6 percent over the past year. Lower prices for petroleum and 
natural gas contributed to the July decline in import fuel prices. Petroleum prices fell 6.8 percent, after rising 
5.9 percent in June and 5.4 percent in May. Natural gas prices decreased 20.6 percent following a 54.3-
percent advance in the second quarter of 2022. The July decline was the largest monthly drop in natural gas 
prices since a 22.1-percent decrease in June 2019. Prices for petroleum increased 56.6 percent for the year 
ended in July and natural gas prices rose 69.8 percent over the same period.  

All Imports Excluding Fuel: The price index for nonfuel imports fell for the third consecutive month, 
decreasing 0.5 percent in July, after declines of 0.6 percent in June and 0.3 percent in May. The July drop 
was driven by lower prices for nonfuel industrial supplies and materials; and foods, feeds, and beverages, 
which more than offset higher prices for automotive vehicles and capital goods. Despite the recent declines, 
nonfuel import prices advanced 4.1 percent over the past year.    

Foods, Feeds, and Beverages: Foods, feeds, and beverages prices fell 0.9 percent in July following 0.7-
percent and 0.6-percent decreases in June and May, respectively. The July decline was the largest 1-month 
drop since November 2020. The monthly decrease was led by lower prices for fish and shellfish; and food 
oils and oilseeds which more than offset higher vegetable and bakery product prices.

Nonfuel Industrial Supplies and Materials: Prices for nonfuel industrial supplies and materials fell 2.6 
percent in July, after decreasing 2.3 percent in June. The July drop was the largest monthly decline since the 
index fell 3.3 percent in April 2020. Lower prices for unfinished metals, finished metals, selected building 
materials, and chemicals drove the July decline in nonfuel industrial supplies and materials prices.  

Finished Goods: Prices for most of the major finished goods categories were up in July. Automotive 
vehicles prices advanced 0.6 percent following a 0.3-percent increase in June. Higher prices in July for 
passenger cars led the advance in automotive vehicles prices. The price index for capital goods increased 0.2 
percent in July, after no change the previous month. The July rise in capital goods prices was driven by 
higher prices for industrial and service machinery. Prices for consumer goods were unchanged in July, after 
decreasing 0.4 percent in June. 

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
2021
July	0.3	2.9	0.0	1.1	-1.7	1.3
August	-0.2	-2.2	0.0	0.2	0.9	0.1
September	0.4	3.6	0.1	0.3	-1.5	0.5
October	1.5	11.1	0.5	1.9	1.1	2.0
November	0.7	2.5	0.6	0.7	1.1	0.6
December	-0.4	-7.7	0.5	-1.6	0.7	-1.9
2022
January	2.0	7.3	1.4	2.8	3.0	2.8
February	1.8	10.6	0.8	3.2	2.9	3.3
March	2.9	17.8	1.2	3.9	4.5	3.8
April	(r)0.5	0.8	(r)0.4	(r)1.0	1.2	(r)1.1
May	0.5	(r)6.2	-0.3	(r)2.7	(r)2.0	(r)2.8
June	(r)0.3	(r)6.2	(r)-0.6	0.7	(r)-0.1	(r)0.8
July	-1.4	-7.5	-0.5	-3.3	-3.0	-3.3
Jul. 2020 to 2021	10.2	65.6	6.3	17.0	29.1	15.6
Jul. 2021 to 2022	8.8	56.6	4.1	13.1	13.3	13.1
Footnotes (r) Revised

Exports 

U.S. export prices fell 3.3 percent in July, after rising 0.7 percent in June. The July decline was the largest 1-
month decrease since the index fell 3.5 percent in April 2020. Lower agricultural and nonagricultural prices 
each contributed to the July decline. Prices for U.S. exports rose 13.1 percent over the past year, the lowest 
12-month advance since the index increased 9.6 percent in March 2021. (See table 2.)

Agricultural Exports: The price index for agricultural exports fell 3.0 percent in July, after edging down 
0.1 percent the previous month. The July decline was the largest monthly drop since the index decreased 3.3 
percent in April 2020. Lower prices for soybeans, wheat, and cotton in July led the decline in agricultural 
prices. Despite the July decrease, agricultural export prices rose 13.3 percent over the past 12 months.

All Exports Excluding Agriculture: Prices for nonagricultural exports decreased 3.3 percent in July, after 
advancing 0.8 percent in June and 2.8 percent in May. The July decline was led by lower prices for 
nonagricultural industrial supplies and materials; consumer goods; and nonagricultural foods which more 
than offset higher prices for capital goods and automotive vehicles. Nonagricultural export prices increased 
13.1 percent over the past year. 

Nonagricultural Industrial Supplies and Materials: Nonagricultural industrial supplies and materials prices 
fell 7.0 percent in July, the first monthly decline since December 2021 and the largest decrease since a 10.4-
percent drop in April 2020. The July decrease was driven by a 12.3-percent decline in fuel prices, the largest 
1-month decrease since a 29.5-percent drop in April 2020. 

Finished Goods: Prices were mostly up for the major finished goods categories in July. Capital goods prices 
increased 0.8 percent following no change the previous month. The July advance was the largest monthly 
increase since the index rose 0.9 percent in January 2022. Automotive vehicles prices advanced 0.6 percent 
in July, led by higher prices for engines and engine parts. In contrast, consumer goods prices edged down 
0.1 percent for the second consecutive month in July.  

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 were unchanged in July, after declining 0.2 
percent in June and 0.1 percent in May. Import prices from China prior to May recorded advances every 
month from November 2020 to April 2022. Despite the recent drops, the price index for imports from China 
rose 2.8 percent over the past year. Import prices from Japan fell 0.3 percent in July following a 0.1-percent 
decrease the previous month. The July decline was the largest 1-month drop since May 2020. Prices for 
imports from Japan rose 1.0 percent for the year ended in July. The price indexes for imports from Canada 
and Mexico also declined in July, falling 5.0 percent and 0.6 percent, respectively. The July decreases in 
import prices from Canada and Mexico were the first monthly drops since December 2021. Prices for 
imports from the European Union were unchanged in July, after rising 1.2 percent in June. (See table 7.)

Exports by Locality of Destination: Export prices to China fell 4.9 percent in July following a 1.7-percent 
increase in June and a 1.6-percent advance in May. The July decrease was the largest 1-month decline since 
the monthly percent change series began in January 2018. Despite the July drop, prices for exports to China 
rose 9.7 percent over the past 12 months. The price index for exports to Japan declined 3.0 percent in July, 
the largest 1-month decrease since the index fell 3.5 percent in April 2020. Export prices to Japan advanced 
12.3 percent from July 2021 to July 2022. Prices for exports to Canada decreased 2.5 percent in July and 
export prices to Mexico declined 5.0 percent over the same period. The price index for exports to the 
European Union fell 2.1 percent in July, after rising 0.6 percent the previous month. The July drop was the 
largest monthly decline since the index fell 2.5 percent in April 2020. (See table 8.)

Terms of Trade Indexes: Terms of trade indexes are based on country, region, or grouping and measure 
the change in the purchasing power of exports relative to imports. U.S. terms of trade with China fell 5.0 
percent in July, after advancing 1.9 percent in June. The July drop was the largest 1-month decline since the 
monthly percent change series began in January 2018. Despite the decrease in July, the index for U.S. terms 
of trade with China rose 6.7 percent over the past year. U.S. terms of trade with Japan decreased 2.7 percent 
in July and advanced 11.2 percent over the past 12 months. Lower export prices to Japan in July more than 
offset lower import prices from Japan. U.S. terms of trade with Mexico and the European Union decreased 
in July, falling 4.4 percent and 2.1 percent, respectively. In contrast, U.S. terms of trade with Canada 
advanced 2.6 percent in July following a 0.7-percent decline in June. Despite the July increase, the index for 
U.S. terms of trade with Canada decreased 8.2 percent over the past 12 months. (See table 9.)


Import and Export Services

Imports: Import air passenger fares edged down 0.2 percent in July following a 10.1-percent advance the 
previous month. The July decrease was the first monthly drop since a 19.4-percent decline in January 2022. 
Lower European fares in July more than offset higher Latin American/Caribbean fares. The index for import 
air passenger fares rose 11.6 percent over the past year. Prices for import air freight fell 13.2 percent in July, 
after rising 5.1 percent in June. The July drop was the largest 1-month decline since a 14.0-percent decrease 
in July 2020. Import air freight prices increased 1.5 percent for the year ended in July. (See table 10.)

Exports: Export air passenger fares advanced 8.3 percent in July following a 5.3-percent increase in June. 
The July rise was the largest monthly increase since January 2021. Higher Latin American/Caribbean, 
European, and Asian fares all contributed to the July advance. Export air passenger fares rose 12.1 percent 
over the past 12 months. The price index for export air freight fell 1.9 percent in July, after declining 1.1 
percent the previous month. Despite the recent decreases, export air freight prices advanced 23.4 percent 
from July 2021 to July 2022.

U.S. Import and Export Price Index data for August 2022 are scheduled for release on Thursday, September 
15, 2022 at 8:30 a.m. (ET).

Table 1. U.S. import price indexes and percent changes for selected categories of goods: July 2021 to July 2022 [2000=100, unless otherwise noted]

Description	End Use	Relative import- ance Jun. 2022(1)	Index		Percent change
			Jun. 2022	Jul. 2022	Annual	Monthly
					Jul. 2021 to Jul. 2022	Mar. 2022 to Apr. 2022	Apr. 2022 to May 2022	May 2022 to Jun. 2022	Jun. 2022 to Jul. 2022
All commodities		100.000	148.6	146.5	8.8	0.5	0.5	0.3	-1.4
All imports excluding food and fuels (Dec. 2010=100)		79.621	109.8	109.3	3.8	0.3	-0.2	-0.6	-0.5
All imports excluding petroleum		87.377	126.1	125.2	4.6	0.5	-0.1	-0.5	-0.7
All imports excluding fuels (Dec. 2001=100)		86.352	129.2	128.6	4.1	0.4	-0.3	-0.6	-0.5
Foods, feeds, & beverages	0	6.731	210.0	208.1	7.0	0.9	-0.6	-0.7	-0.9
Agricultural foods, feeds & beverages, excluding distilled beverages	00	5.363	228.5	227.3	8.8	1.3	-0.9	-0.1	-0.5
Nonagricultural foods (fish, distilled beverages)	01	1.368	168.2	164.1	0.6	-0.7	0.6	-2.9	-2.4
Industrial supplies & materials	1	32.220	306.2	291.9	23.7	0.7	1.4	1.1	-4.7
Industrial supplies & materials excluding petroleum		19.574	229.5	221.7	9.7	0.9	-0.7	-1.6	-3.4
Industrial supplies & materials excluding fuels (Dec. 2001=100)		18.296	249.6	243.2	7.6	0.6	-1.6	-2.3	-2.6
Industrial supplies & materials, durable		12.400	241.1	231.3	1.5	0.0	-2.4	-3.6	-4.1
Industrial supplies & materials nondurable excluding petroleum		7.197	216.3	211.3	24.4	2.8	2.4	2.0	-2.3
Fuels & lubricants	10	13.648	433.9	401.4	56.6	0.8	6.2	6.2	-7.5
Petroleum & petroleum products	100	12.623	459.5	428.1	56.6	0.3	5.4	5.9	-6.8
Crude petroleum	10000	8.744	476.4	425.4	47.8	1.6	2.9	6.6	-10.7
Fuels, n.e.s.-coals & gas	101	0.912	376.0	309.1	62.8	10.4	19.1	10.4	-17.8
Natural gas	10110	0.783	382.2	303.4	69.8	13.0	22.9	11.1	-20.6
Paper & paper base stocks	11	0.501	136.9	152.0	20.3	3.5	1.2	3.8	11.0
Materials associated with nondurable supplies & materials	12	5.671	223.4	222.3	20.2	1.8	0.1	0.3	-0.5
Selected building materials	13	1.953	218.3	213.2	-4.4	-5.7	1.1	-6.8	-2.3
Unfinished metals related to durable goods	14	5.534	380.4	354.2	0.2	2.0	-3.9	-4.7	-6.9
Finished metals related to durable goods	15	3.213	214.9	209.6	6.1	-0.5	-3.5	-2.1	-2.5
Nonmetals related to durable goods	16	1.701	129.0	129.2	8.3	1.3	0.7	0.7	0.2
Capital goods	2	24.824	92.9	93.1	3.7	0.4	0.3	0.0	0.2
Electric generating equipment	20	3.117	128.9	129.8	6.2	1.0	0.3	0.2	0.7
Nonelectrical machinery	21	20.156	84.2	84.3	3.2	0.5	0.1	0.0	0.1
Transportation equipment excluding motor vehicles (Dec. 2001=100)	22	1.552	143.5	144.0	3.8	0.3	1.3	0.3	0.3
Automotive vehicles, parts & engines	3	12.020	116.2	116.9	3.7	0.3	0.5	0.3	0.6
Consumer goods, excluding automotives	4	24.205	110.0	110.0	1.9	0.0	-0.1	-0.4	0.0
Nondurables, manufactured	40	12.279	124.9	124.9	0.6	-0.2	-0.2	-0.1	0.0
Durables, manufactured	41	11.218	95.2	95.3	2.8	0.2	-0.1	-0.5	0.1
Nonmanufactured consumer goods	42	0.708	132.3	131.9	9.3	0.2	0.0	-2.1	-0.3
Footnotes (1) Relative importance figures are based on 2020 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 2. U.S. export price indexes and percent changes for selected categories of goods: July 2021 to July 2022 [2000=100, unless otherwise noted]

Description	End Use	Relative import- ance Jun. 2022(1)	Index		Percent change
			Jun. 2022	Jul. 2022	Annual	Monthly
					Jul. 2021 to Jul. 2022	Mar. 2022 to Apr. 2022	Apr. 2022 to May 2022	May 2022 to Jun. 2022	Jun. 2022 to Jul. 2022
All commodities		100.000	166.1	160.7	13.1	1.0	2.7	0.7	-3.3
Agricultural commodities		12.045	264.1	256.1	13.3	1.2	2.0	-0.1	-3.0
All exports excluding food and fuels (Dec. 2010=100)		64.581	115.9	116.0	5.2	1.2	-0.2	-0.3	0.1
All exports excluding fuels (June 2022=100)		75.584	100.0	100.0	-	-	-	-	0.0
Nonagricultural commodities		87.955	158.8	153.5	13.1	1.1	2.8	0.8	-3.3
Foods, feeds, & beverages	0	11.003	266.4	258.8	12.1	1.0	2.1	-0.5	-2.9
Agricultural foods, feeds & beverages, excluding distilled beverages	00	10.588	268.6	260.8	12.7	1.0	2.1	-0.1	-2.9
Nonagricultural foods (fish, distilled beverages)	01	0.415	225.8	222.1	0.0	0.2	0.9	-9.1	-1.6
Industrial supplies & materials	1	46.385	259.9	242.1	23.4	1.5	5.2	1.6	-6.8
Industrial supplies & materials, durable		9.985	223.9	215.1	2.1	1.9	-2.4	-2.4	-3.9
Industrial supplies & materials, nondurable		36.400	267.7	247.2	31.1	1.4	7.7	2.8	-7.7
Agricultural industrial supplies & materials	10	1.457	244.8	234.9	17.2	2.5	0.9	0.1	-4.0
Nonagricultural industrial supplies & materials		44.928	260.6	242.4	23.5	1.5	5.4	1.7	-7.0
Fuels & lubricants	11	24.416	376.8	330.5	47.3	0.7	11.7	4.1	-12.3
Nonagricultural supplies & materials excluding fuels & building materials	12	19.639	212.4	211.0	5.5	2.2	-1.0	-1.1	-0.7
Selected building materials	13	0.873	170.8	171.3	12.2	2.4	-0.2	-0.5	0.3
Capital goods	2	26.220	118.5	119.5	5.0	0.6	0.3	0.0	0.8
Electrical generating equipment	20	2.909	131.5	133.2	8.5	0.5	-0.2	0.2	1.3
Nonelectrical machinery	21	19.068	100.5	101.3	5.0	0.8	0.3	0.0	0.8
Transportation equipment excluding motor vehicles (Dec. 2001=100)	22	4.243	195.5	197.1	3.2	0.5	0.2	-0.1	0.8
Automotive vehicles, parts & engines	3	6.917	120.6	121.3	4.7	0.8	0.3	0.2	0.6
Consumer goods, excluding automotives	4	9.474	116.4	116.3	3.4	0.5	-0.3	-0.1	-0.1
Nondurables, manufactured	40	4.988	109.9	109.2	-0.2	0.2	-0.4	-0.4	-0.6
Durables, manufactured	41	3.609	113.7	114.6	4.6	0.9	-0.1	0.3	0.8
Nonmanufactured consumer goods (Dec. 2018=100)	42	0.877	126.3	126.0	21.6	0.0	0.2	0.0	-0.2
Footnotes (1) Relative importance figures are based on 2020 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 3. U.S. import price indexes and percent changes for selected industries: July 2021 to July 2022 [December 2005=100, unless otherwise noted]

Description	NAICS	Relative import- ance Jun. 2022(1)	Index		Percent change
			Jun. 2022	Jul. 2022	Annual	Monthly
					Jul. 2021 to Jul. 2022	Mar. 2022 to Apr. 2022	Apr. 2022 to May 2022	May 2022 to Jun. 2022	Jun. 2022 to Jul. 2022
Nonmanufacturing		12.046	208.6	189.6	41.0	2.0	3.1	4.9	-9.1
Agriculture, forestry, fishing and hunting	11	2.148	213.5	214.3	14.3	1.0	-0.6	-2.9	0.4
Crop production	111	1.764	225.7	226.9	16.1	0.6	-0.1	-1.8	0.5
Mining	21	9.897	223.2	198.2	49.6	2.3	4.0	6.8	-11.2
Oil and gas extraction	211	9.626	224.3	198.7	50.4	2.3	4.1	6.9	-11.4
Manufacturing		87.606	125.6	125.2	5.9	0.2	0.2	-0.3	-0.3
Manufacturing, part 1	31	10.774	138.6	138.2	4.4	0.6	-0.1	0.2	-0.3
Food manufacturing	311	4.055	188.9	186.6	6.7	1.1	-0.7	0.6	-1.2
Beverage and tobacco product manufacturing	312	1.040	134.5	134.7	1.6	0.4	-0.1	0.1	0.1
Textile mills (Dec. 2011=100)	313	0.390	126.5	126.6	18.5	0.1	0.8	-0.3	0.1
Textile product mills	314	1.416	111.7	112.5	1.7	-0.1	0.4	-0.3	0.7
Apparel manufacturing	315	2.763	117.0	117.3	3.6	0.4	0.3	0.3	0.3
Leather and allied product manufacturing	316	1.110	127.3	127.7	0.6	0.2	0.0	-0.2	0.3
Manufacturing, part 2	32	21.056	159.2	159.4	14.1	-0.8	1.9	0.0	0.1
Wood product manufacturing (Dec. 2019=100)	321	1.220	183.4	176.8	-14.3	-11.4	1.9	-12.8	-3.6
Paper manufacturing	322	0.945	122.7	128.5	9.3	1.8	0.5	2.2	4.7
Petroleum and coal products manufacturing	324	3.513	195.1	200.1	78.7	-2.9	12.6	4.4	2.6
Chemical manufacturing	325	11.932	162.0	161.0	8.2	0.4	-0.1	0.1	-0.6
Plastics and rubber products manufacturing	326	2.396	133.0	133.4	6.6	1.1	0.2	0.4	0.3
Nonmetallic mineral product manufacturing	327	0.890	141.2	141.6	5.2	0.7	0.2	-0.1	0.3
Manufacturing, part 3	33	55.776	113.2	112.6	3.3	0.4	-0.3	-0.6	-0.5
Primary metal manufacturing	331	7.091	247.9	232.2	0.5	1.4	-4.0	-3.4	-6.3
Fabricated metal product manufacturing	332	3.067	151.2	152.3	9.0	0.3	0.6	-1.5	0.7
Machinery manufacturing	333	6.499	126.9	127.7	4.0	0.4	0.2	-0.1	0.6
Computer and electronic product manufacturing	334	15.176	74.0	74.0	1.6	0.1	0.1	-0.1	0.0
Electrical equipment, appliance, and component manufacturing	335	5.112	126.9	127.5	6.7	0.7	0.1	-0.1	0.5
Transportation equipment manufacturing	336	12.450	114.9	115.5	3.0	0.3	0.4	0.3	0.5
Furniture and related product manufacturing	337	1.724	126.2	128.7	9.0	0.2	0.2	-0.5	2.0
Miscellaneous manufacturing	339	4.656	126.5	126.0	4.5	0.9	-0.2	-0.4	-0.4
Footnotes (1) Relative importance figures are based on 2020 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 4. U.S. export price indexes and percent changes for selected industries: July 2021 to July 2022 [December 2005=100, unless otherwise noted]

Description	NAICS	Relative import- ance Jun. 2022(1)	Index		Percent change
			Jun. 2022	Jul. 2022	Annual	Monthly
					Jul. 2021 to Jul. 2022	Mar. 2022 to Apr. 2022	Apr. 2022 to May 2022	May 2022 to Jun. 2022	Jun. 2022 to Jul. 2022
Nonmanufacturing		21.305	253.8	227.5	28.9	1.0	6.2	2.1	-10.4
Agriculture, forestry, fishing and hunting	11	6.804	244.6	230.1	15.5	0.3	2.4	-0.8	-5.9
Crop production	111	6.489	261.2	245.0	16.8	0.4	2.6	-0.4	-6.2
Mining	21	14.501	170.5	149.3	37.0	1.3	8.2	3.6	-12.4
Oil and gas extraction (Dec. 2021=100)	211	13.009	154.2	134.2	-	-0.1	9.5	4.5	-13.0
Mining (except oil and gas)	212	1.491	182.7	169.3	47.1	12.5	-1.0	-3.9	-7.3
Manufacturing		76.924	142.0	140.3	10.7	0.9	2.1	0.4	-1.2
Manufacturing, part 1	31	6.629	178.1	178.9	10.0	1.9	1.6	-0.3	0.4
Food manufacturing	311	5.031	210.4	212.0	11.9	2.3	1.9	-0.6	0.8
Beverage and tobacco product manufacturing	312	0.514	147.3	146.4	6.1	0.7	0.6	2.1	-0.6
Manufacturing, part 2	32	28.077	165.2	159.0	21.2	0.9	5.5	1.7	-3.8
Wood product manufacturing (Dec. 2017=100)	321	0.485	143.1	141.2	5.7	0.0	0.2	-0.3	-1.3
Paper manufacturing	322	1.485	150.4	154.4	13.3	1.7	1.1	3.1	2.7
Petroleum and coal products manufacturing	324	10.090	239.9	209.1	66.9	-0.8	17.1	4.5	-12.8
Chemical manufacturing	325	13.338	144.8	147.0	6.3	1.9	0.3	-0.3	1.5
Plastics and rubber products manufacturing	326	1.878	130.5	130.9	7.9	0.4	-0.3	0.9	0.3
Nonmetallic mineral product manufacturing	327	0.660	135.2	135.4	9.7	2.6	0.4	0.1	0.1
Manufacturing, part 3	33	42.217	126.8	127.2	5.1	0.9	-0.1	-0.2	0.3
Primary metal manufacturing	331	4.057	223.1	213.7	0.9	1.8	-3.0	-3.2	-4.2
Fabricated metal product manufacturing	332	2.316	170.1	171.2	9.3	0.2	1.6	0.1	0.6
Machinery manufacturing	333	7.458	141.7	143.6	7.4	1.1	0.3	0.1	1.3
Computer and electronic product manufacturing	334	11.060	85.1	85.5	3.3	0.6	0.1	0.1	0.5
Electrical equipment, appliance, and component manufacturing	335	2.944	129.6	131.2	9.4	0.6	0.1	0.2	1.2
Transportation equipment manufacturing	336	10.257	137.3	138.1	4.1	0.7	0.3	0.1	0.6
Miscellaneous manufacturing	339	3.831	132.5	133.2	7.2	0.5	0.1	0.2	0.5
Footnotes (1) Relative importance figures are based on 2020 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 5. U.S. import price indexes and percent changes for selected categories of goods: July 2021 to July 2022 [2000=100, unless otherwise noted]

Description	Harmo- nized system	Relative importance Jun. 2022(1)	Index		Percent change
			Jun. 2022	Jul. 2022	Annual	Monthly
					Jul. 2021 to Jul. 2022	Mar. 2022 to Apr. 2022	Apr. 2022 to May 2022	May 2022 to Jun. 2022	Jun. 2022 to Jul. 2022
Live animals; animal products	I	1.479	237.4	233.4	0.2	0.6	-0.9	-3.4	-1.7
Meat and edible meat offal	02	0.438	340.2	337.8	-7.9	-2.0	-0.8	-1.1	-0.7
Fish and crustaceans, molluscs and other aquatic invertebrates	03	0.758	165.2	160.3	1.5	-0.6	1.0	-5.2	-3.0
Vegetable products	II	2.173	250.9	250.5	16.3	1.3	-0.1	-1.1	-0.2
Edible vegetables, roots, and tubers	07	0.403	418.6	438.9	9.3	1.9	0.7	-5.5	4.8
Edible fruit and nuts; peel of citrus fruit or melons	08	0.807	127.6	126.6	15.6	0.2	-0.3	-1.2	-0.8
Coffee, tea, mate and spices	09	0.436	323.0	316.8	28.1	4.3	-2.1	1.5	-1.9
Animal or vegetable fats and oils (Dec. 2009=100)	III	0.439	160.4	150.7	2.0	3.0	-4.9	1.6	-6.0
Prepared foodstuffs, beverages, and tobacco	IV	3.080	187.3	188.3	7.0	0.8	-0.1	0.9	0.5
Sugars and sugar confectionary (Dec. 2021=100)	17	0.204	105.1	107.7	-	2.3	-1.1	1.0	2.5
Cocoa and cocoa preparations (Dec. 2009=100)	18	0.190	101.7	102.4	6.1	-0.5	0.0	-0.6	0.7
Beverages, spirits, and vinegar	22	1.019	147.9	148.1	2.0	0.6	0.0	-0.1	0.1
Mineral products	V	13.570	441.5	407.2	56.7	0.9	6.1	6.0	-7.8
Mineral fuels, oils and residuals, bituminous substances and mineral waxes	27	13.204	437.0	402.3	58.0	0.9	6.3	6.1	-7.9
Products of the chemical or allied industries	VI	11.050	180.0	180.0	8.1	0.4	-0.3	0.3	0.0
Inorganic chemicals	28	0.754	557.4	545.1	31.5	2.2	1.7	0.7	-2.2
Organic chemicals	29	2.635	155.4	157.5	13.1	1.2	0.1	2.2	1.4
Pharmaceutical products	30	5.037	148.7	148.4	-1.6	-0.8	-0.5	-0.1	-0.2
Miscellaneous chemical products	38	0.786	117.8	118.5	4.8	0.1	0.3	-0.2	0.6
Plastics and articles thereof; rubber and articles thereof	VII	3.676	162.4	162.9	5.6	0.9	0.2	0.3	0.3
Plastics and articles thereof	39	2.557	165.9	166.3	4.7	0.4	-0.1	0.2	0.2
Rubber and articles thereof	40	1.119	158.6	159.2	7.9	2.0	1.2	0.5	0.4
Articles of leather; travel goods, bags, etc. of various materials	42	0.399	142.2	142.5	3.7	0.6	0.0	0.0	0.2
Wood, wood charcoal, cork, straw, basketware and wickerwork	IX	1.292	277.1	266.6	-12.0	-10.2	1.7	-11.5	-3.8
Wood and articles of wood; wood charcoal (Dec. 2019=100)	44	1.259	194.5	186.9	-12.2	-10.4	1.8	-11.8	-3.9
Woodpulp, recovered paper, and paper products	X	0.932	130.2	136.2	11.7	1.4	0.6	2.3	4.6
Paper and paperboard; articles of paper pulp, paper or paperboard	48	0.623	120.5	124.7	15.1	0.5	0.8	1.3	3.5
Textile and textile articles	XI	4.426	120.5	120.9	4.1	0.3	0.3	0.1	0.3
Articles of apparel and clothing accessories, not knitted or crocheted	62	1.225	126.1	126.3	3.0	0.7	0.5	0.3	0.2
Made-up or worn textile articles	63	1.167	105.7	106.6	2.1	0.1	0.1	0.0	0.9
Headgear, umbrellas, artificial flowers, etc.	XII	0.967	126.1	126.4	0.5	0.2	0.0	-0.2	0.2
Footwear and parts of such articles	64	0.792	123.2	123.5	-0.4	0.1	0.1	-0.2	0.2
Stone, plaster, cement, asbestos, ceramics, glass etc.	XIII	0.765	134.5	134.4	1.4	0.8	-0.1	0.1	-0.1
Articles of stone, plaster, cement, asbestos, or mica (Dec. 2020=100)	68	0.284	102.0	102.0	1.7	0.5	-0.2	1.0	0.0
Glass and glassware (Dec. 2021=100)	70	0.264	101.8	101.5	-	0.4	0.3	0.0	-0.3
Pearls, stones, precious metals, imitation jewelry, and coins	XIV	4.445	235.2	225.4	-5.6	-0.6	-4.9	-2.0	-4.2
Base metals and articles of base metals	XV	6.098	253.6	244.0	11.7	2.4	-1.0	-3.2	-3.8
Iron and steel	72	1.197	347.8	342.3	15.5	9.5	-1.4	-4.4	-1.6
Articles of iron or steel	73	1.802	206.5	206.5	16.5	0.5	0.4	-2.8	0.0
Copper and articles thereof	74	0.501	417.5	342.4	-18.7	0.7	-7.7	2.4	-18.0
Aluminum and articles thereof	76	1.128	210.6	200.8	12.4	-1.0	0.4	-5.7	-4.7
Tools, implements, cutlery, spoons and forks, of base metal; parts thereof	82	0.399	130.2	130.0	3.8	1.0	1.1	-0.4	-0.2
Miscellaneous articles of base metal	83	0.511	152.3	152.7	8.3	2.2	0.7	0.2	0.3
Machinery, electrical equipment, TV image and sound recorders, parts, etc.	XVI	26.994	82.7	82.8	2.9	0.4	0.2	-0.1	0.1
Machinery and mechanical appliances; parts thereof	84	13.856	89.1	89.3	3.0	0.5	0.1	-0.2	0.2
Electrical machinery and equip, sound and TV recorders & reproducers, parts	85	13.138	76.7	76.7	2.7	0.1	0.3	0.1	0.0
Vehicles, aircraft, vessels and associated transport equipment	XVII	10.500	119.4	120.0	3.0	0.3	0.4	0.3	0.5
Motor vehicles and their parts	87	9.750	118.7	119.3	3.0	0.2	0.5	0.3	0.5
Aircraft, spacecraft, and parts thereof (Dec. 2020=100)	88	0.663	103.2	103.4	2.7	0.5	-0.4	0.5	0.2
Optical, photo, measuring, medical & musical instruments; & timepieces	XVIII	3.608	105.3	105.1	2.6	1.0	-0.3	-0.3	-0.2
Optical, photographic, measuring and medical instruments	90	3.410	101.4	101.1	2.7	1.0	-0.2	-0.2	-0.3
Miscellaneous manufactured articles	XX	3.997	117.6	118.7	5.2	-0.1	-0.1	-0.3	0.9
Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs	94	2.425	125.7	127.6	6.8	0.0	0.0	-0.5	1.5
Toys, games and sports equipment; parts and accessories thereof	95	1.324	104.3	104.3	2.7	-0.2	0.1	0.1	0.0
Miscellaneous manufactured articles	96	0.247	135.2	135.2	4.6	-0.7	-1.0	0.2	0.0
Footnotes (1) Relative importance figures are based on 2020 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 6. U.S. export price indexes and percent changes for selected categories of goods: July 2021 to July 2022 [2000=100, unless otherwise noted]

Description	Harmo- nized system	Relative import- ance Jun. 2022(1)	Index		Percent change
			Jun. 2022	Jul. 2022	Annual	Monthly
					Jul. 2021 to Jul. 2022	Mar. 2022 to Apr. 2022	Apr. 2022 to May 2022	May 2022 to Jun. 2022	Jun. 2022 to Jul. 2022
Live animals; animal products	I	2.196	289.7	287.8	10.2	2.6	2.1	-1.7	-0.7
Meat & edible meat offal (Dec. 2006=100)	02	1.415	233.6	230.9	5.9	2.0	0.8	-1.0	-1.2
Vegetable products	II	6.368	319.6	302.6	16.3	-0.2	2.9	0.2	-5.3
Edible fruit and nuts; peel of citrus fruit or melons	08	0.893	146.7	141.8	1.1	1.6	1.4	0.8	-3.3
Cereals	10	2.023	373.7	346.6	17.7	0.8	4.3	-3.3	-7.3
Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder	12	2.914	347.0	324.4	15.5	-1.7	2.3	2.5	-6.5
Prepared foodstuffs, beverages, and tobacco	IV	2.744	181.1	184.8	6.2	1.3	0.3	-1.3	2.0
Miscellaneous edible preparations (Dec. 2017=100)	21	0.537	107.0	106.9	3.0	1.2	1.2	-0.6	-0.1
Beverages, spirits, and vinegar (Dec. 2008=100)	22	0.427	108.8	108.4	-1.9	-0.3	-0.5	-0.2	-0.4
Residues and waste from the food industries; prepared animal feed	23	0.855	324.8	336.7	11.0	3.2	0.2	-3.7	3.7
Mineral products	V	24.530	455.2	397.9	47.9	0.4	11.5	4.0	-12.6
Ores, slag and ash (Dec. 2012=100)	26	0.551	147.2	135.2	6.5	4.2	-2.5	-6.2	-8.2
Mineral fuels, oils and residuals, bituminous substances and mineral waxes	27	23.818	442.3	385.7	49.3	0.3	12.0	4.2	-12.8
Products of the chemical or allied industries	VI	10.867	167.0	171.5	12.7	1.8	0.5	0.4	2.7
Organic chemicals	29	2.760	210.6	216.0	26.2	3.7	2.6	1.8	2.6
Pharmaceutical products	30	2.874	106.8	105.7	-2.8	0.1	-0.6	-0.7	-1.0
Essential oils and resinoids; perfumery cosmetic or toilet preparations	33	0.728	139.8	141.1	4.4	-0.4	0.2	-0.3	0.9
Soap; lubricants; waxes, polishing or scouring products; candles, pastes	34	0.395	132.3	132.3	4.1	1.2	0.0	0.0	0.0
Miscellaneous chemical products	38	2.007	186.6	187.8	-0.1	-0.1	-0.2	-1.1	0.6
Plastics and articles thereof; rubber and articles thereof	VII	4.855	177.0	175.0	-0.3	0.4	-0.1	-0.1	-1.1
Plastics and articles thereof	39	4.189	177.7	175.2	-1.4	0.3	-0.1	-0.2	-1.4
Rubber and articles thereof	40	0.666	167.1	168.3	6.7	0.6	0.4	0.3	0.7
Wood, wood charcoal, cork, straw, baskets and wickerwork (Dec. 2014=100)	IX	0.589	139.8	138.3	7.2	0.7	0.4	-1.1	-1.1
Woodpulp, recovered paper, and paper products	X	1.740	156.6	157.3	7.9	1.3	0.7	2.9	0.4
Woodpulp and recovered paper (Dec. 2019=100)	47	0.675	188.2	183.8	3.5	0.0	1.3	6.7	-2.3
Paper and paperboard; articles of paper pulp, paper or paperboard	48	0.872	144.7	148.6	13.0	2.6	0.2	0.8	2.7
Textile and textile articles	XI	1.601	154.6	148.8	13.7	2.9	1.2	-0.9	-3.8
Cotton, including yarns and woven fabrics thereof	52	0.720	200.4	183.8	29.8	6.3	1.5	-1.8	-8.3
Stone, plaster, cement, asbestos, ceramics, glass etc.	XIII	0.631	147.2	146.3	9.7	2.0	0.3	0.1	-0.6
Glass and glassware (Dec. 2019=100)	70	0.375	110.7	109.5	9.7	1.2	0.5	0.5	-1.1
Pearls, stones, precious metals, imitation jewelry, and coins	XIV	3.715	329.7	315.2	-3.5	0.8	-2.9	-3.0	-4.4
Base metals and articles of base metals	XV	4.337	219.6	208.5	4.4	2.7	-2.6	-2.7	-5.1
Iron and steel (Dec. 2020=100)	72	1.220	173.4	154.7	1.4	4.3	-5.6	-6.9	-10.8
Copper and articles thereof	74	0.557	290.8	241.8	-11.0	1.6	-4.8	3.0	-16.9
Aluminum and articles thereof	76	0.760	154.5	152.0	8.5	5.9	-4.8	-6.4	-1.6
Machinery, electrical equipment, TV image and sound recorders, parts, etc.	XVI	21.776	104.2	105.1	5.5	0.7	0.3	0.2	0.9
Machinery and mechanical appliances; parts thereof	84	12.618	125.2	126.6	6.6	0.8	0.5	0.2	1.1
Electrical machinery and equipment and parts and accessories thereof	85	9.158	81.9	82.2	3.9	0.6	0.0	0.1	0.4
Vehicles, aircraft, vessels and associated transport equipment	XVII	7.602	146.6	147.2	4.4	0.8	0.2	0.1	0.4
Motor vehicles and their parts	87	5.712	123.3	123.9	4.3	0.9	0.2	0.1	0.5
Optical, photo, measuring, medical & musical instruments; & timepieces	XVIII	4.749	113.9	114.7	2.7	0.6	0.0	0.0	0.7
Miscellaneous manufactured articles	XX	1.006	129.1	131.8	11.2	2.8	0.5	0.3	2.1
Furniture; stuffed furnishings; lamps and lighting fittings nesoi	94	0.538	150.2	150.7	8.7	5.0	-0.1	0.0	0.3
Toys, games and sports equipment; parts and accessories thereof	95	0.329	100.7	106.7	17.4	0.4	0.3	1.1	6.0
Footnotes (1) Relative importance figures are based on 2020 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 7. U.S. import price indexes and percent changes by locality of origin: July 2021 to July 2022 [2000=100, unless otherwise noted]

Description	Relative import- ance Jun. 2022(1)	Index		Percent change
		Jun. 2022	Jul. 2022	Annual	Monthly
				Jul. 2021 to Jul. 2022	Mar. 2022 to Apr. 2022	Apr. 2022 to May 2022	May 2022 to Jun. 2022	Jun. 2022 to Jul. 2022
Industrialized Countries(2)	100.000	157.8	154.3	10.1	0.1	0.6	0.5	-2.2
Nonmanufacturing	16.453	387.6	349.0	48.0	1.7	4.0	5.9	-10.0
Manufacturing	82.671	140.0	139.3	5.5	-0.2	0.2	-0.4	-0.5
Canada	100.000	219.8	208.9	21.5	0.5	2.6	1.4	-5.0
Nonmanufacturing	40.110	389.8	349.5	49.6	1.8	4.1	6.3	-10.3
Manufacturing	58.816	175.7	174.0	9.8	-0.5	1.9	-1.4	-1.0
European Union	100.000	155.1	155.1	5.9	0.4	0.4	1.2	0.0
Manufacturing	98.612	150.2	150.4	5.8	0.3	0.4	1.2	0.1
France (Dec. 2003=100)	100.000	145.3	142.7	5.0	-0.1	-0.3	1.8	-1.8
Germany (Dec. 2003=100)	100.000	123.5	125.0	5.8	0.7	-0.2	0.7	1.2
United Kingdom (Dec. 2003=100)	100.000	139.1	137.6	6.3	-1.2	0.9	0.7	-1.1
Latin America(3)	100.000	176.2	174.0	10.7	1.3	1.1	0.1	-1.2
Nonmanufacturing	19.086	403.0	376.6	31.7	3.5	2.9	2.8	-6.6
Manufacturing	80.654	137.0	137.0	6.9	0.9	0.7	-0.6	0.0
Mexico (Dec. 2003=100)	100.000	145.1	144.3	8.7	0.9	0.8	0.4	-0.6
Nonmanufacturing (Dec. 2008=100)	12.469	208.1	195.2	35.0	4.6	1.7	1.3	-6.2
Manufacturing (Dec. 2008=100)	87.272	96.5	96.7	5.9	0.4	0.6	0.3	0.2
Pacific Rim (Dec. 2003=100)(4)	100.000	105.3	105.0	4.0	0.3	0.1	-0.1	-0.3
China (Dec. 2003=100)	100.000	104.5	104.5	2.8	0.1	-0.1	-0.2	0.0
Japan	100.000	100.1	99.8	1.0	0.2	0.0	-0.1	-0.3
Taiwan (Dec. 2018=100)	100.000	112.0	112.1	8.2	0.2	1.0	0.0	0.1
Asian NICs(5)	100.000	101.3	100.1	8.7	0.1	1.5	-0.1	-1.2
ASEAN (Dec. 2003=100)(6)	100.000	106.2	105.2	5.0	0.6	1.2	0.2	-0.9
Asia Near East (Dec. 2003=100)(7)	100.000	273.5	252.7	27.9	3.5	2.0	0.8	-7.6
Footnotes (1) Relative importance figures are based on 2020 trade values. (2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. (3) Mexico, Central America, South America, and the Caribbean. (4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries. (5) Asian Newly Industrialized Countries - Hong Kong, Singapore, South Korea, and Taiwan. (6) Association of Southeast Asian Nations - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. (7) Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, and Yemen.
NOTES: Data may be revised in each of the 3 months after original publication. Regions are not mutually exclusive. Dash = Not available

Table 8. U.S. export price indexes and percent changes by locality of destination: July 2021 to July 2022 [December 2017=100, unless otherwise noted]

Description	Relative import- ance Jun. 2022(1)	Index		Percent change
		Jun. 2022	Jul. 2022	Annual	Monthly
				Jul. 2021 to Jul. 2022	Mar. 2022 to Apr. 2022	Apr. 2022 to May 2022	May 2022 to Jun. 2022	Jun. 2022 to Jul. 2022
Industrialized Countries(2)	100.000	127.6	124.6	11.1	1.0	1.4	0.2	-2.4
Nonmanufacturing	18.546	193.1	174.3	33.7	1.6	4.2	1.8	-9.7
Manufacturing	79.828	119.1	118.5	7.7	0.9	0.8	-0.1	-0.5
Canada	100.000	133.5	130.2	11.6	1.2	1.5	0.6	-2.5
Nonmanufacturing (Dec. 2020=100)	14.047	196.8	173.5	29.1	2.1	4.5	2.6	-11.8
Manufacturing (Dec. 2020=100)	84.577	120.1	119.1	9.7	1.2	1.1	0.3	-0.8
European Union	100.000	125.7	123.1	10.4	-0.1	1.5	0.6	-2.1
Nonmanufacturing	22.692	185.4	169.8	33.2	-0.3	2.6	1.7	-8.4
Manufacturing	75.663	114.9	114.8	6.1	0.0	1.1	0.3	-0.1
Germany	100.000	114.3	114.5	7.2	0.9	0.7	0.2	0.2
Latin America(3)	100.000	152.4	143.0	19.1	0.6	6.8	2.0	-6.2
Nonmanufacturing	14.160	260.1	213.9	28.8	4.9	13.4	3.5	-17.8
Manufacturing	85.210	143.0	137.0	17.8	0.0	5.9	1.6	-4.2
Mexico	100.000	147.1	139.8	14.8	1.3	4.9	2.1	-5.0
Nonmanufacturing	13.093	253.1	198.6	27.4	9.8	18.4	4.5	-21.5
Manufacturing	86.554	139.1	135.7	13.5	0.4	3.2	1.8	-2.4
Pacific Rim(4)	100.000	125.3	122.0	8.4	0.5	1.2	0.1	-2.6
Nonmanufacturing	28.469	166.8	152.7	18.1	-1.2	3.1	-0.1	-8.5
Manufacturing	69.307	114.7	115.1	6.5	1.3	0.7	0.1	0.3
China	100.000	126.4	120.2	9.7	0.0	1.6	1.7	-4.9
Nonmanufacturing	38.928	160.2	143.8	24.1	-1.8	4.1	3.4	-10.2
Manufacturing	59.522	113.8	112.8	3.2	1.2	0.3	0.5	-0.9
Japan	100.000	129.8	125.9	12.3	1.0	1.9	-0.8	-3.0
Nonmanufacturing	34.727	189.3	171.0	29.4	-1.1	3.7	1.1	-9.7
Manufacturing	63.882	111.1	111.8	6.6	2.4	1.2	-1.4	0.6
Footnotes (1) Relative importance figures are based on 2020 trade values. (2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. (3) Mexico, Central America, South America, and the Caribbean. (4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries.
NOTES: Data may be revised in each of the 3 months after original publication. Regions are not mutually exclusive. Dash = Not available

Table 9. U.S. terms of trade indexes and percent changes by locality: July 2021 to July 2022(1) [December 2017=100, unless otherwise noted]

Description	Index		Percent change
	Jun. 2022	Jul. 2022	Annual	Monthly
			Jul. 2021 to Jul. 2022	Mar. 2022 to Apr. 2022	Apr. 2022 to May 2022	May 2022 to Jun. 2022	Jun. 2022 to Jul. 2022
Industrialized Countries(2)	99.0	98.8	0.8	0.8	0.7	-0.2	-0.2
Canada	79.8	81.9	-8.2	0.7	-1.1	-0.7	2.6
European Union	109.1	106.8	4.2	-0.5	1.1	-0.5	-2.1
Germany	106.5	105.4	1.2	0.2	0.9	-0.5	-1.0
Latin America(3)	128.8	122.4	7.6	-0.7	5.6	2.0	-5.0
Mexico	130.8	125.0	5.7	0.4	4.0	1.7	-4.4
Pacific Rim(4)	117.1	114.3	4.3	0.2	1.1	0.2	-2.4
China	121.1	115.1	6.7	-0.1	1.6	1.9	-5.0
Japan	123.8	120.5	11.2	0.8	2.0	-0.7	-2.7
Footnotes (1) Terms of trade indexes are derived by dividing the export price index by the corresponding import price index and multiplying by 100. (2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. (3) Mexico, Central America, South America, and the Caribbean. (4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries.
NOTES: Data may be revised in each of the 3 months after original publication. Regions are not mutually exclusive. Dash = Not available

Table 10. U.S. international price indexes and percent changes for selected transportation services: July 2021 to July 2022 [2000=100, unless otherwise noted]

Description	Relative import- ance Jun. 2022(1)	Index		Percent change
		Jun. 2022	Jul. 2022	Annual	Monthly
				Jul. 2021 to Jul. 2022	Mar. 2022 to Apr. 2022	Apr. 2022 to May 2022	May 2022 to Jun. 2022	Jun. 2022 to Jul. 2022
Air Freight
Import Air Freight	100.000	383.5	332.7	1.5	-2.6	4.1	5.1	-13.2
Europe (Dec. 2003=100)	24.351	308.9	305.5	21.4	13.7	1.5	-12.1	-1.1
Asia	75.414	385.8	319.4	-4.9	-8.2	5.3	12.3	-17.2
Export Air Freight	100.000	212.2	208.2	23.4	0.7	3.1	-1.1	-1.9
Europe (Dec. 2006=100)	27.689	171.6	171.2	16.8	5.4	3.7	-4.9	-0.2
Asia (Dec. 2011=100)	50.667	168.2	162.6	31.6	-2.5	1.8	1.2	-3.3
Inbound Air Freight	100.000	268.7	249.1	0.1	-3.1	2.9	-0.8	-7.3
Europe (Dec. 2003=100)	23.213	201.9	203.8	16.2	2.7	2.3	-12.1	0.9
Asia	68.744	280.5	249.4	-2.3	-5.9	4.5	4.2	-11.1
Outbound Air Freight	100.000	227.9	214.3	45.3	5.2	-1.3	3.7	-6.0
Europe (Dec. 2003=100)	27.835	202.8	203.1	23.5	14.9	0.6	-3.5	0.1
Asia	55.469	260.4	233.7	74.8	2.2	-4.3	8.8	-10.3
Air Passenger Fares
Import Air Passenger Fares	100.000	191.1	190.8	11.6	3.6	3.2	10.1	-0.2
Europe	38.686	214.1	207.5	22.6	2.2	5.7	9.4	-3.1
Asia	22.059	216.2	215.5	9.3	8.4	8.2	9.1	-0.3
Latin America/Caribbean	12.749	156.4	164.8	17.5	7.3	-5.7	24.1	5.4
Export Air Passenger Fares	100.000	190.0	205.8	12.1	0.1	2.6	5.3	8.3
Europe	26.905	228.5	249.6	15.4	-0.7	4.3	6.5	9.2
Asia	23.186	202.9	215.5	8.0	-14.5	7.3	1.6	6.2
Latin America/Caribbean	32.687	188.1	206.5	22.0	12.5	0.8	10.1	9.8
Footnotes (1) Relative importance figures are based on 2020 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

                                                TECHNICAL NOTE                                                

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

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

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

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

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

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

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

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

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

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

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.   

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