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Transmission of material in this release is embargoed until USDL-24-1867 8:30 a.m. (ET) Friday, September 13, 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 - AUGUST 2024 U.S. import prices declined 0.3 percent in August following increases of 0.1 percent in July and June, the U.S. Bureau of Labor Statistics reported today. Lower fuel and nonfuel prices contributed to the August decrease. Prices for U.S. exports fell 0.7 percent in August, after advancing 0.5 percent the previous month. Imports The price index for U.S. imports fell 0.3 percent in August, after ticking up 0.1 percent from April to July. The August decline was the largest monthly drop since the index decreased 0.7 percent in December 2023. In spite of the August decline, U.S. import prices increased 0.8 percent over the past year. U.S. import prices last fell on a 12-month basis in February 2024. (See table 1.) Fuel Imports: Import fuel prices decreased 3.0 percent in August, after increasing 1.1 percent the previous month. The August drop was the largest 1-month decline since the index fell 8.0 percent in December 2023. Lower prices for petroleum and natural gas in August each contributed to the drop in import fuel prices. Import fuel prices decreased 4.6 percent for the year ended in August, the first 12-month decline since February 2024. Prices for import petroleum fell 3.2 percent in August, the largest monthly drop for the index since December 2023. Petroleum prices declined 3.2 percent over the past 12 months, the largest over-the-year decrease since January 2024. The price index for import natural gas declined 3.7 percent in August following a 2.0-percent advance in July. Natural gas prices fell 51.7 percent over the past year, the largest 12-month drop since January 2024. All Imports Excluding Fuel: Prices for nonfuel imports edged down 0.1 percent in August, after increasing 0.1 percent in July and 0.2 percent in June. Lower prices in August for nonfuel industrial supplies and materials; consumer goods; and foods, feeds, and beverages more than offset higher capital goods prices. Despite the August drop, nonfuel import prices advanced 1.3 percent over the past 12 months, and last declined on an over-the-year basis in February 2024. Foods, Feeds, and Beverages: The price index for foods, feeds, and beverages fell 0.1 percent in August following a 1.5-percent advance the previous month. Lower prices for feedstuff and foodgrains contributed to the decrease in foods, feeds, and beverages prices. Nonfuel Industrial Supplies and Materials: Nonfuel industrial supplies and materials prices decreased 0.4 percent in August, after edging down 0.1 percent in July. Lower prices in August for unfinished metals and agricultural products used for industrial supplies and materials drove the overall decrease. Finished Goods: Prices for the major finished goods import categories were mixed in August. Capital goods prices ticked up 0.1 percent, after being unchanged in July. Higher prices for industrial and service machinery and semiconductors led the August advance. In contrast, prices for consumer goods edged down 0.1 percent in August, after declining 0.2 percent in each of the previous 2 months. The August decrease was led by lower prices for gem diamonds and for toys, shooting, and sporting goods. The price index for automotive vehicles was unchanged in August following a 0.4-percent increase in July. 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 |
||||||
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 | 0.8 | 0.7 |
March |
0.6 | 5.0 | 0.2 | 0.1 | -1.0 | 0.3 |
April |
0.9 | 3.9 | 0.6 | 0.7 | -0.4 | 0.8 |
May |
-0.1 | 0.2 | -0.2 | -0.7 | 0.3 | -0.8 |
June |
(r)0.1 | -1.7 | 0.2 | -0.3 | (r)1.1 | (r)-0.5 |
July |
0.1 | (r)1.1 | 0.1 | (r)0.5 | (r)-2.0 | (r)0.8 |
August |
-0.3 | -3.0 | -0.1 | -0.7 | -2.0 | -0.6 |
Aug. 2022 to 2023 |
-3.0 | -18.2 | -0.9 | -5.7 | -7.4 | -5.6 |
Aug. 2023 to 2024 |
0.8 | -4.6 | 1.3 | -0.7 | -6.9 | -0.1 |
Footnotes |
Exports U.S. export prices declined 0.7 percent in August following a 0.5-percent increase the previous month. Lower prices for nonagricultural and agricultural exports each contributed to the decrease in U.S. export prices in August. U.S. export prices fell 0.7 percent for the year ended in August, the first over-the-year drop since April 2024. (See table 2.) Agricultural Exports: The price index for agricultural exports declined 2.0 percent for the second consecutive month in August. The August and July drops are the largest 1-month decreases since the index fell 2.3 percent in May 2023. A 9.8-percent decline in soybeans prices led the August drop. Lower prices for corn, wheat, and fruit in August also contributed to the decrease in agricultural prices. Higher nuts prices in August partially offset the declines. Prices for agricultural exports fell 6.9 percent over the past year. All Exports Excluding Agriculture: Nonagricultural export prices decreased 0.6 percent in August following a 0.8-percent advance the previous month. Lower prices in August for nonagricultural industrial supplies and materials and for capital goods more than offset higher prices for consumer goods, automotive vehicles, and nonagricultural foods. Nonagricultural export prices fell 0.1 percent for the year ended in August, the first 12-month decrease for the index since a 0.7-percent decline in March 2024. Nonagricultural Industrial Supplies and Materials: Prices for nonagricultural industrial supplies and materials declined 1.1 percent in August, after advancing 1.9 percent in July. The August drop was mostly driven by a 2.9-percent decrease in export fuel prices. Nonagricultural industrial supplies and materials prices fell 1.6 percent over the past year, the largest 12-month decline since March 2024. Finished Goods: Prices for the major finished goods export categories were mixed in August. The price index for capital goods fell 0.2 percent, the first monthly decline for the index since November 2023. A 3.0- percent drop in semiconductor prices led the August decrease. In contrast, consumer goods prices rose 0.1 percent in August following decreases of 0.1 percent in July and 0.3 percent in June. Prices for automotive vehicles advanced 0.1 percent in August, after increasing 0.3 percent the previous month. Higher prices for trucks, buses, and special purpose vehicles in August drove the rise in automotive vehicles prices. More information for the major import and export price indexes can be found at www.bls.gov/web/ximpim/largest.htm. Measures of Import and Export Prices by Locality Imports by Locality of Origin: Prices for imports from China decreased 0.2 percent in August, after the index was unchanged for 5 consecutive months. Import prices from China last increased on a monthly basis in October 2022. The price index for imports from China declined 1.4 percent for the year ended in August. Prices for imports from Japan were unchanged in August, after ticking up 0.1 percent in July. Import prices from Japan fell 0.2 percent on a 12-month basis for the second consecutive month in August. The price index for imports from Canada declined 1.4 percent in August following a 1.7-percent advance the previous month. The August drop was the largest monthly decrease since December 2023. Import prices from Mexico fell 0.3 percent in August, after rising 0.9 percent in July. In contrast, prices for imports from the European Union rose 0.2 percent in August following a 0.4-percent drop the previous month. (See table 7.) Exports by Locality of Destination: Export prices to China declined 1.7 percent in August, the largest 1- month decrease since June 2023. Prices for exports to China fell 3.5 percent over the past year. The price index for exports to Japan also decreased 1.7 percent in August, the largest monthly drop since November 2023. Despite the August decline, export prices to Japan rose 0.2 percent from August 2023 to August 2024. Prices for exports to Canada decreased 0.5 percent in August, after declining 0.2 percent the previous month. The price index for exports to Mexico fell 1.0 percent in August following a 0.9-percent increase in July. Export prices to the European Union decreased 1.7 percent in August, after rising 1.1 percent the previous month. (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 declined 1.5 percent in August, the largest monthly drop since May 2023. Lower export prices to China in August more than offset lower import prices from China. U.S. terms of trade with China declined 2.2 percent for the year ended in August. U.S. terms of trade with Japan decreased 1.7 percent in August following a 0.5- percent drop the previous month. Despite the August decline, the index for U.S. terms of trade with Japan rose 0.4 percent over the past 12 months. U.S. terms of trade with Mexico and the European Union decreased 0.6 percent and 1.9 percent, respectively, in August. In contrast, the index for U.S. terms of trade with Canada advanced 0.9 percent in August, after decreasing 1.8 percent in July. (See table 9.) Import and Export Services Imports: Import air passenger fares fell 12.4 percent in August following an 11.3-percent drop the previous month. The August decline was the largest 1-month decrease since August 2023. A 15.9-percent drop in European air passenger fares in August drove the overall decline. The index for import air passenger fares declined 2.8 percent over the past year. Prices for import air freight increased 2.5 percent in August, after advancing 13.6 percent in July. Higher prices for Asian air freight in August led the overall increase. Import air freight prices rose 22.1 percent for the year ended in August, the largest 12-month advance since a 27.0- percent rise in January 2022. (See table 10.) Exports: Export air passenger fares declined 8.1 percent in August following increases of 0.6 percent and 10.6 percent the previous 2 months. The August drop was the largest monthly decline since February 2024. Lower European, Latin American/Caribbean, and Asian fares in August all contributed to the decrease. Export air passenger fares fell 4.0 percent over the past 12 months. Prices for export air freight fell 3.4 percent in August, after advancing 3.7 percent in July. A 10.2-percent drop in European export air freight prices in August drove the overall decrease. Export air freight prices declined 5.3 percent from August 2023 to August 2024. U.S. Import and Export Price Index data for September 2024 are scheduled for release on Wednesday, October 16, 2024, at 8:30 a.m. (ET).
Description | End Use |
Relative import- ance Jul. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Jul. 2024 |
Aug. 2024 |
Annual | Monthly | ||||||
Aug. 2023 to Aug. 2024 |
Apr. 2024 to May 2024 |
May 2024 to Jun. 2024 |
Jun. 2024 to Jul. 2024 |
Jul. 2024 to Aug. 2024 |
|||||
All commodities |
100.000 | 141.8 | 141.4 | 0.8 | -0.1 | 0.1 | 0.1 | -0.3 | |
All imports excluding food and fuels (Dec. 2010=100) |
84.092 | 109.0 | 108.9 | 1.1 | -0.1 | 0.2 | 0.0 | -0.1 | |
All imports excluding petroleum |
91.809 | 124.9 | 124.8 | 1.2 | -0.2 | 0.2 | 0.1 | -0.1 | |
All imports excluding fuels (Dec. 2001=100) |
91.437 | 129.0 | 128.9 | 1.3 | -0.2 | 0.2 | 0.1 | -0.1 | |
Foods, feeds, & beverages |
0 |
7.345 | 225.2 | 225.0 | 4.8 | -1.5 | 1.1 | 1.5 | -0.1 |
Agricultural foods, feeds & beverages, excluding distilled beverages |
00 |
6.024 | 254.9 | 254.4 | 6.7 | -1.8 | 1.3 | 1.8 | -0.2 |
Nonagricultural foods (fish, distilled beverages) |
01 |
1.321 | 153.1 | 153.9 | -2.5 | 0.1 | 0.2 | -0.1 | 0.5 |
Industrial supplies & materials |
1 |
23.545 | 250.0 | 246.6 | -0.2 | -0.1 | -0.2 | 0.3 | -1.4 |
Industrial supplies & materials excluding petroleum |
15.365 | 203.1 | 202.2 | 1.5 | -0.4 | 0.7 | -0.1 | -0.4 | |
Industrial supplies & materials excluding fuels (Dec. 2001=100) |
14.969 | 229.4 | 228.4 | 2.6 | -0.2 | 0.6 | -0.1 | -0.4 | |
Industrial supplies & materials, durable |
9.584 | 223.9 | 223.3 | 2.9 | 0.8 | 1.1 | 0.0 | -0.3 | |
Industrial supplies & materials nondurable excluding petroleum |
5.770 | 178.6 | 177.3 | -0.7 | -2.2 | 0.1 | -0.3 | -0.7 | |
Fuels & lubricants |
10 |
8.563 | 295.4 | 286.4 | -4.6 | 0.2 | -1.7 | 1.1 | -3.0 |
Petroleum & petroleum products |
100 |
8.191 | 323.3 | 313.1 | -3.2 | 0.6 | -2.0 | 1.1 | -3.2 |
Crude petroleum |
10000 |
5.669 | 336.4 | 325.9 | -2.0 | -2.1 | -1.3 | 3.0 | -3.1 |
Fuels, n.e.s.-coals & gas |
101 |
0.220 | 105.9 | 105.3 | -37.6 | -12.3 | 7.6 | -0.7 | -0.6 |
Natural gas |
10110 |
0.124 | 72.4 | 69.7 | -51.7 | -14.4 | -3.1 | 2.0 | -3.7 |
Paper & paper base stocks |
11 |
0.550 | 144.8 | 145.5 | 3.9 | 1.4 | 1.1 | 2.3 | 0.5 |
Materials associated with nondurable supplies & materials |
12 |
4.848 | 198.9 | 197.2 | 1.9 | -2.2 | -0.3 | -0.6 | -0.9 |
Unfinished metals related to durable goods |
14 |
3.570 | 334.0 | 327.5 | 4.2 | 1.9 | 1.5 | -0.1 | -1.9 |
Finished metals related to durable goods |
15 |
2.709 | 229.7 | 232.9 | 7.3 | 1.0 | 1.5 | 0.1 | 1.4 |
Capital goods |
2 |
28.364 | 93.6 | 93.7 | 0.3 | -0.1 | 0.1 | 0.0 | 0.1 |
Nonelectrical machinery |
21 |
22.462 | 84.3 | 84.5 | 0.2 | 0.0 | 0.2 | 0.0 | 0.2 |
Transportation equipment excluding motor vehicles (Dec. 2001=100) |
22 |
1.626 | 156.9 | 157.1 | 2.5 | -0.5 | -0.7 | -0.9 | 0.1 |
Automotive vehicles, parts & engines |
3 |
13.567 | 121.3 | 121.3 | 2.3 | 0.0 | 0.0 | 0.4 | 0.0 |
Automotive vehicles, parts and engines, 2 digit (Dec. 2023=100) |
30 |
13.567 | 101.9 | 101.9 | - | 0.0 | 0.1 | 0.4 | 0.0 |
Consumer goods, excluding automotives |
4 |
27.179 | 110.5 | 110.4 | 0.5 | 0.1 | -0.2 | -0.2 | -0.1 |
Nondurables, manufactured |
40 |
13.687 | 128.2 | 128.2 | 2.5 | 0.0 | 0.1 | -0.1 | 0.0 |
Durables, manufactured |
41 |
12.570 | 94.5 | 94.4 | -0.9 | 0.0 | 0.0 | -0.1 | -0.1 |
Nonmanufactured consumer goods |
42 |
0.921 | 118.0 | 115.6 | -6.0 | 1.0 | -5.3 | -0.9 | -2.0 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | End Use |
Relative import- ance Jul. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Jul. 2024 |
Aug. 2024 |
Annual | Monthly | ||||||
Aug. 2023 to Aug. 2024 |
Apr. 2024 to May 2024 |
May 2024 to Jun. 2024 |
Jun. 2024 to Jul. 2024 |
Jul. 2024 to Aug. 2024 |
|||||
All commodities |
100.000 | 149.2 | 148.2 | -0.7 | -0.7 | -0.3 | 0.5 | -0.7 | |
Agricultural commodities |
9.301 | 224.7 | 220.1 | -6.9 | 0.3 | 1.1 | -2.0 | -2.0 | |
All exports excluding food and fuels (Dec. 2010=100) |
75.430 | 116.2 | 116.2 | 2.1 | 0.2 | 0.0 | 0.1 | 0.0 | |
All exports excluding fuels (June 2022=100) |
84.004 | 100.5 | 100.2 | 1.4 | 0.2 | 0.1 | 0.0 | -0.3 | |
Nonagricultural commodities |
90.699 | 143.2 | 142.4 | -0.1 | -0.8 | -0.5 | 0.8 | -0.6 | |
Foods, feeds, & beverages |
0 |
8.574 | 228.3 | 224.1 | -5.8 | 1.0 | 1.1 | -1.7 | -1.8 |
Agricultural foods, feeds & beverages, excluding distilled beverages |
00 |
8.192 | 230.3 | 225.8 | -6.0 | 1.0 | 1.2 | -1.8 | -2.0 |
Nonagricultural foods (fish, distilled beverages) |
01 |
0.382 | 190.7 | 191.9 | -0.7 | 1.1 | 0.6 | 1.1 | 0.6 |
Industrial supplies & materials |
1 |
38.339 | 200.6 | 198.3 | -2.0 | -2.1 | -1.0 | 1.8 | -1.1 |
Industrial supplies & materials excluding fuels (Dec. 2020=100) |
22.368 | 119.3 | 119.4 | 4.5 | 0.1 | 0.3 | 0.4 | 0.1 | |
Industrial supplies & materials, durable |
11.307 | 221.6 | 222.1 | 6.6 | 1.2 | 0.6 | 0.0 | 0.2 | |
Industrial supplies & materials, nondurable |
27.032 | 190.1 | 186.8 | -5.2 | -3.4 | -1.6 | 2.6 | -1.7 | |
Agricultural industrial supplies & materials |
10 |
1.083 | 196.6 | 191.5 | -12.8 | -4.1 | 0.3 | -3.7 | -2.6 |
Nonagricultural industrial supplies & materials |
37.256 | 200.8 | 198.5 | -1.6 | -2.0 | -1.0 | 1.9 | -1.1 | |
Fuels & lubricants |
11 |
15.996 | 236.0 | 229.1 | -9.9 | -4.9 | -2.6 | 3.8 | -2.9 |
Nonagricultural supplies & materials excluding fuels & building materials |
12 |
20.502 | 200.1 | 200.5 | 5.6 | 0.4 | 0.3 | 0.6 | 0.2 |
Selected building materials |
13 |
0.758 | 151.4 | 152.1 | 3.3 | -1.0 | 0.0 | 1.0 | 0.5 |
Capital goods |
2 |
31.684 | 123.4 | 123.1 | 1.4 | 0.1 | 0.0 | 0.0 | -0.2 |
Nonelectrical machinery |
21 |
22.551 | 102.9 | 102.5 | 0.9 | 0.2 | 0.0 | -0.1 | -0.4 |
Transportation equipment excluding motor vehicles (Dec. 2001=100) |
22 |
5.617 | 219.2 | 219.5 | 4.0 | 0.0 | 0.0 | 0.1 | 0.1 |
Automotive vehicles, parts & engines |
3 |
8.694 | 129.4 | 129.5 | 4.0 | 0.2 | 0.0 | 0.3 | 0.1 |
Vehicles-passenger (Dec. 2023=100) |
30 |
8.694 | 101.8 | 101.9 | - | 0.2 | 0.0 | 0.3 | 0.1 |
Consumer goods, excluding automotives |
4 |
12.709 | 117.6 | 117.7 | -1.5 | 0.0 | -0.3 | -0.1 | 0.1 |
Nondurables, manufactured |
40 |
6.763 | 108.0 | 108.0 | -2.5 | 0.0 | 0.2 | 0.5 | 0.0 |
Durables, manufactured |
41 |
4.849 | 121.1 | 121.2 | 0.9 | 0.1 | 0.0 | -0.7 | 0.1 |
Nonmanufactured consumer goods (Dec. 2018=100) |
42 |
1.097 | 120.9 | 121.6 | -5.1 | -0.2 | -3.8 | -0.2 | 0.6 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | NAICS | Relative import- ance Jul. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Jul. 2024 |
Aug. 2024 |
Annual | Monthly | ||||||
Aug. 2023 to Aug. 2024 |
Apr. 2024 to May 2024 |
May 2024 to Jun. 2024 |
Jun. 2024 to Jul. 2024 |
Jul. 2024 to Aug. 2024 |
|||||
Nonmanufacturing |
8.446 | 158.4 | 155.0 | 0.1 | -2.9 | -0.7 | 3.3 | -2.1 | |
Agriculture, forestry, fishing and hunting |
11 |
2.262 | 243.3 | 242.7 | 9.8 | -4.2 | 1.0 | 4.2 | -0.2 |
Crop production |
111 |
1.895 | 256.9 | 255.3 | 11.2 | -5.1 | 1.5 | 4.9 | -0.6 |
Animal production (Dec. 2022=100) |
112 |
0.247 | 121.8 | 124.6 | 5.4 | 0.5 | -3.9 | 4.0 | 2.3 |
Mining |
21 |
6.184 | 150.8 | 146.6 | -3.2 | -2.4 | -1.3 | 3.0 | -2.8 |
Oil and gas extraction |
211 |
5.930 | 149.0 | 144.4 | -3.9 | -2.5 | -1.5 | 3.0 | -3.1 |
Mining (except oil and gas) (Dec. 2022=100) |
212 |
0.254 | 116.1 | 122.3 | 10.9 | 0.9 | 5.0 | 0.2 | 5.3 |
Manufacturing |
91.250 | 122.9 | 122.7 | 0.5 | 0.2 | 0.0 | -0.1 | -0.2 | |
Manufacturing, part 1 |
31 |
11.950 | 140.7 | 140.7 | 1.3 | -0.4 | 0.2 | -0.6 | 0.0 |
Food manufacturing |
311 |
4.449 | 196.4 | 195.9 | 4.1 | -0.9 | 0.5 | -0.6 | -0.3 |
Beverage and tobacco product manufacturing |
312 |
1.167 | 142.4 | 142.6 | 1.1 | -0.1 | -0.1 | 0.2 | 0.1 |
Textile mills (Dec. 2023=100) |
313 |
0.325 | 102.9 | 102.9 | - | 0.2 | 0.2 | 0.5 | 0.0 |
Textile product mills (Dec. 2023=100) |
314 |
0.887 | 100.1 | 99.7 | - | 0.1 | 0.0 | 0.0 | -0.4 |
Apparel manufacturing |
315 |
3.478 | 118.6 | 118.9 | 0.2 | -0.1 | -0.1 | -0.2 | 0.3 |
Manufacturing, part 2 |
32 |
18.939 | 142.8 | 142.2 | -1.0 | 0.8 | -0.2 | -0.6 | -0.4 |
Paper manufacturing |
322 |
1.021 | 124.7 | 124.9 | 1.8 | 0.8 | 0.6 | 1.3 | 0.2 |
Printing and related support activities (Dec. 2023=100) |
323 |
0.147 | 100.7 | 100.7 | - | 0.0 | 0.7 | 0.0 | 0.0 |
Petroleum and coal products manufacturing |
324 |
2.309 | 140.7 | 135.8 | -7.5 | 7.7 | -3.1 | -3.4 | -3.5 |
Chemical manufacturing |
325 |
11.007 | 151.0 | 151.1 | 1.3 | 0.0 | 0.2 | -0.5 | 0.1 |
Plastics and rubber products manufacturing |
326 |
2.530 | 131.7 | 131.8 | -1.4 | -0.2 | 0.1 | 0.1 | 0.1 |
Nonmetallic mineral product manufacturing |
327 |
1.085 | 144.1 | 144.6 | -0.9 | 0.4 | -0.3 | -0.1 | 0.3 |
Manufacturing, part 3 |
33 |
60.361 | 113.4 | 113.4 | 0.9 | 0.1 | 0.2 | 0.1 | 0.0 |
Primary metal manufacturing |
331 |
4.928 | 236.6 | 234.4 | 7.2 | 2.1 | 1.4 | -0.2 | -0.9 |
Fabricated metal product manufacturing |
332 |
3.160 | 145.2 | 145.1 | -1.8 | 0.2 | 0.4 | -0.2 | -0.1 |
Machinery manufacturing |
333 |
7.928 | 132.1 | 132.4 | 0.4 | -0.1 | 0.0 | 0.2 | 0.2 |
Computer and electronic product manufacturing |
334 |
16.370 | 72.1 | 72.2 | -0.4 | -0.1 | 0.0 | 0.0 | 0.1 |
Electrical equipment, appliance, and component manufacturing |
335 |
6.223 | 125.3 | 125.1 | -2.1 | -0.3 | -0.2 | 0.1 | -0.2 |
Transportation equipment manufacturing |
336 |
13.981 | 120.3 | 120.3 | 2.3 | -0.1 | -0.1 | 0.4 | 0.0 |
Furniture and related product manufacturing |
337 |
1.848 | 127.9 | 128.0 | -0.7 | 0.1 | 0.2 | -0.2 | 0.1 |
Miscellaneous manufacturing |
339 |
5.922 | 130.9 | 130.4 | 1.8 | 0.0 | 0.5 | 0.4 | -0.4 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | NAICS | Relative import- ance Jul. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Jul. 2024 |
Aug. 2024 |
Annual | Monthly | ||||||
Aug. 2023 to Aug. 2024 |
Apr. 2024 to May 2024 |
May 2024 to Jun. 2024 |
Jun. 2024 to Jul. 2024 |
Jul. 2024 to Aug. 2024 |
|||||
Nonmanufacturing |
14.038 | 167.9 | 163.9 | -7.7 | -2.4 | -0.2 | -0.6 | -2.4 | |
Agriculture, forestry, fishing and hunting |
11 |
4.324 | 177.8 | 169.6 | -14.3 | 0.5 | 0.2 | -3.8 | -4.6 |
Crop production |
111 |
4.037 | 186.9 | 177.4 | -15.2 | 0.8 | 0.4 | -4.1 | -5.1 |
Mining |
21 |
9.714 | 106.9 | 105.4 | -4.5 | -3.6 | -0.4 | 0.8 | -1.4 |
Oil and gas extraction (Dec. 2021=100) |
211 |
8.414 | 94.8 | 93.5 | -5.2 | -4.7 | -0.3 | 1.3 | -1.4 |
Mining (except oil and gas) |
212 |
1.300 | 133.1 | 131.3 | -0.8 | 3.2 | -1.2 | -1.8 | -1.4 |
Manufacturing |
84.316 | 135.4 | 134.7 | 0.0 | -0.4 | -0.3 | 0.7 | -0.5 | |
Manufacturing, part 1 |
31 |
6.406 | 170.7 | 170.8 | -1.3 | -0.2 | 1.3 | -0.4 | 0.1 |
Food manufacturing |
311 |
4.654 | 202.9 | 203.5 | -0.6 | 0.1 | 2.0 | -0.2 | 0.3 |
Beverage and tobacco product manufacturing |
312 |
0.492 | 131.6 | 131.2 | -6.7 | -2.1 | -1.5 | -0.5 | -0.3 |
Manufacturing, part 2 |
32 |
25.790 | 135.5 | 133.7 | -3.9 | -1.8 | -1.4 | 2.5 | -1.3 |
Wood product manufacturing (Dec. 2017=100) |
321 |
0.445 | 124.3 | 124.7 | 9.0 | -1.5 | 0.7 | 1.6 | 0.3 |
Petroleum and coal products manufacturing |
324 |
6.015 | 147.5 | 138.4 | -17.0 | -6.5 | -6.3 | 8.9 | -6.2 |
Chemical manufacturing |
325 |
14.623 | 132.3 | 132.4 | 0.2 | -0.5 | 0.0 | 0.8 | 0.1 |
Plastics and rubber products manufacturing |
326 |
2.237 | 134.7 | 135.1 | 1.0 | 0.2 | 0.0 | 0.0 | 0.3 |
Nonmetallic mineral product manufacturing |
327 |
0.729 | 131.4 | 131.1 | -1.4 | -0.1 | -0.3 | -0.1 | -0.2 |
Manufacturing, part 3 |
33 |
52.120 | 131.8 | 131.7 | 2.3 | 0.2 | 0.0 | 0.0 | -0.1 |
Primary metal manufacturing |
331 |
4.751 | 217.2 | 218.5 | 9.5 | 1.6 | 1.7 | -0.1 | 0.6 |
Machinery manufacturing |
333 |
9.585 | 153.2 | 153.2 | 1.9 | 0.3 | 0.2 | 0.1 | 0.0 |
Computer and electronic product manufacturing |
334 |
12.500 | 82.9 | 82.2 | -1.0 | 0.0 | -0.4 | -0.4 | -0.8 |
Transportation equipment manufacturing |
336 |
13.382 | 150.1 | 150.3 | 4.2 | 0.1 | 0.0 | 0.2 | 0.1 |
Furniture and related product manufacturing (Dec. 2023=100) |
337 |
0.354 | 102.3 | 102.3 | - | 0.4 | 0.0 | 0.0 | 0.0 |
Miscellaneous manufacturing |
339 |
5.066 | 142.0 | 142.3 | 2.7 | 0.1 | -0.4 | -0.1 | 0.2 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Harmo- nized system |
Relative importance Jul. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Jul. 2024 |
Aug. 2024 |
Annual | Monthly | ||||||
Aug. 2023 to Aug. 2024 |
Apr. 2024 to May 2024 |
May 2024 to Jun. 2024 |
Jun. 2024 to Jul. 2024 |
Jul. 2024 to Aug. 2024 |
|||||
Live animals; animal products |
I |
1.489 | 241.6 | 243.7 | 1.8 | 0.3 | -0.3 | 0.2 | 0.9 |
Meat and edible meat offal |
02 |
0.435 | 350.3 | 360.8 | 7.5 | 1.5 | -1.5 | -0.6 | 3.0 |
Fish and crustaceans, molluscs and other aquatic invertebrates |
03 |
0.691 | 147.8 | 149.2 | -1.3 | 0.2 | 0.1 | -0.8 | 0.9 |
Vegetable products |
II |
2.158 | 262.0 | 261.6 | 2.6 | -3.9 | 0.1 | 4.4 | -0.2 |
Edible vegetables, roots, and tubers |
07 |
0.732 | 704.6 | 704.9 | 34.5 | -12.5 | 26.5 | 17.4 | 0.0 |
Edible fruit and nuts; peel of citrus fruit or melons |
08 |
0.645 | 104.8 | 106.4 | -13.5 | -4.4 | -15.6 | -0.5 | 1.5 |
Coffee, tea, mate and spices |
09 |
0.425 | 322.0 | 318.2 | 7.0 | 0.5 | 5.7 | 0.8 | -1.2 |
Animal or vegetable fats and oils (Dec. 2009=100) |
III |
0.448 | 149.4 | 146.4 | -1.9 | -0.4 | -0.4 | -1.1 | -2.0 |
Animal or vegetable fats and oils and their cleavage products; prepared (Dec. 2023=100) |
15 |
0.448 | 100.5 | 98.6 | - | -0.4 | -0.4 | -1.2 | -1.9 |
Prepared foodstuffs, beverages, and tobacco |
IV |
3.580 | 208.2 | 208.1 | 5.7 | -1.2 | 0.2 | -0.4 | 0.0 |
Sugars and sugar confectionary (Dec. 2021=100) |
17 |
0.234 | 122.7 | 126.8 | 8.9 | 0.4 | 0.6 | -4.7 | 3.3 |
Cocoa and cocoa preparations (Dec. 2009=100) |
18 |
0.444 | 231.6 | 227.6 | 82.1 | -10.8 | -1.1 | -2.8 | -1.7 |
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100) |
19 |
0.487 | 99.7 | 99.9 | - | 0.0 | 0.2 | -0.4 | 0.2 |
Miscellaneous edible preparations (Dec. 2022=100) |
21 |
0.386 | 92.2 | 92.6 | -5.3 | 1.0 | 0.1 | 0.3 | 0.4 |
Beverages, spirits, and vinegar |
22 |
1.106 | 155.3 | 155.6 | 0.6 | 0.0 | -0.1 | 0.2 | 0.2 |
Mineral products |
V |
8.611 | 302.5 | 293.8 | -4.5 | 0.2 | -1.8 | 1.2 | -2.9 |
Mineral fuels, oils and residuals, bituminous substances and mineral waxes |
27 |
8.312 | 296.0 | 286.5 | -4.9 | 0.2 | -1.9 | 1.3 | -3.2 |
Products of the chemical or allied industries |
VI |
10.661 | 172.7 | 172.5 | 1.0 | -0.1 | 0.2 | -0.5 | -0.1 |
Organic chemicals |
29 |
2.185 | 136.4 | 136.5 | -4.0 | 0.0 | 0.1 | -0.3 | 0.1 |
Pharmaceutical products |
30 |
5.583 | 156.0 | 156.0 | 6.0 | 0.1 | 0.2 | -0.5 | 0.0 |
Fertilizers (Dec. 2022=100) |
31 |
0.202 | 58.7 | 56.6 | -19.3 | -3.3 | -1.8 | -2.7 | -3.6 |
Tanning extracts; dye, pigments, varnish, paints & putty (Dec. 2022=100) |
32 |
0.193 | 100.6 | 101.0 | -1.8 | 0.7 | -0.6 | -0.1 | 0.4 |
Miscellaneous chemical products |
38 |
0.871 | 111.8 | 112.3 | -5.0 | -0.7 | 0.7 | -0.5 | 0.4 |
Plastics and articles thereof; rubber and articles thereof |
VII |
3.734 | 154.0 | 154.7 | -0.8 | -0.1 | 0.3 | -0.1 | 0.5 |
Plastics and articles thereof |
39 |
2.475 | 150.2 | 150.8 | -2.4 | -0.1 | 0.1 | -0.6 | 0.4 |
Rubber and articles thereof |
40 |
1.259 | 164.8 | 165.4 | 2.4 | 0.0 | 0.6 | 0.8 | 0.4 |
Printed matter (Dec. 2023=100) |
49 |
0.167 | 100.1 | 100.1 | - | 0.0 | 0.3 | 0.0 | 0.0 |
Textile and textile articles |
XI |
4.508 | 120.8 | 120.7 | 0.2 | 0.2 | 0.0 | -0.1 | -0.1 |
Articles of apparel and clothing accessories, knitted or crocheted (Dec. 2023=100) |
61 |
1.921 | 99.4 | 99.4 | - | -0.4 | -0.1 | -0.2 | 0.0 |
Articles of apparel and clothing accessories, not knitted or crocheted |
62 |
1.420 | 127.7 | 127.8 | 0.9 | 0.4 | 0.0 | 0.1 | 0.1 |
Made-up or worn textile articles (Dec. 2023=100) |
63 |
0.616 | 99.4 | 98.8 | - | 0.1 | 0.0 | -0.1 | -0.6 |
Headgear, umbrellas, artificial flowers, etc. |
XII |
1.441 | 126.8 | 127.3 | 0.4 | -0.4 | 0.1 | 0.3 | 0.4 |
Footwear and parts of such articles |
64 |
1.182 | 124.2 | 124.1 | 0.3 | -0.2 | 0.2 | 0.4 | -0.1 |
Stone, plaster, cement, asbestos, ceramics, glass etc. |
XIII |
0.935 | 137.6 | 137.5 | -0.4 | 0.9 | -0.4 | 0.0 | -0.1 |
Articles of stone, plaster, cement, asbestos, or mica (Dec. 2020=100) |
68 |
0.323 | 100.7 | 100.7 | -2.1 | -0.1 | 0.0 | 0.0 | 0.0 |
Glass and glassware (Dec. 2021=100) |
70 |
0.341 | 110.5 | 110.4 | 1.9 | 2.5 | -1.5 | 0.0 | -0.1 |
Pearls, stones, precious metals, imitation jewelry, and coins |
XIV |
3.274 | 244.9 | 245.3 | 9.2 | 0.5 | 1.3 | 1.2 | 0.2 |
Pearls, precious stones, precious metals jewelry, coin (Dec. 2023=100) |
71 |
3.274 | 108.8 | 109.0 | - | 0.5 | 1.2 | 1.2 | 0.2 |
Base metals and articles of base metals |
XV |
5.899 | 231.9 | 228.6 | -0.9 | 1.5 | 0.5 | -0.6 | -1.4 |
Articles of iron or steel |
73 |
1.697 | 190.2 | 190.1 | -5.5 | -0.1 | -0.4 | -0.3 | -0.1 |
Copper and articles thereof |
74 |
0.567 | 440.2 | 400.9 | 5.3 | 6.6 | 0.4 | -3.0 | -8.9 |
Aluminum and articles thereof |
76 |
1.130 | 201.4 | 199.8 | 7.1 | 3.8 | 4.3 | -0.9 | -0.8 |
Tools, implements, cutlery, spoons and forks, of base metal; parts thereof |
82 |
0.401 | 130.8 | 130.9 | -1.3 | -0.7 | -0.7 | 0.2 | 0.1 |
Miscellaneous articles of base metal |
83 |
0.504 | 142.2 | 142.1 | -3.1 | -0.1 | 0.0 | 0.2 | -0.1 |
Machinery, electrical equipment, TV image and sound recorders, parts, etc. |
XVI |
30.172 | 82.1 | 82.1 | -0.6 | -0.1 | -0.1 | 0.0 | 0.0 |
Machinery and mechanical appliances; parts thereof |
84 |
15.149 | 89.5 | 89.6 | -0.1 | -0.1 | 0.0 | -0.2 | 0.1 |
Electrical machinery and equip, sound and TV recorders & reproducers, parts |
85 |
15.023 | 75.1 | 75.1 | -0.9 | -0.1 | 0.0 | 0.0 | 0.0 |
Vehicles, aircraft, vessels and associated transport equipment |
XVII |
11.816 | 124.8 | 124.8 | 2.1 | 0.0 | 0.0 | 0.6 | 0.0 |
Motor vehicles and their parts |
87 |
11.044 | 123.9 | 123.9 | 2.1 | -0.1 | 0.1 | 0.6 | 0.0 |
Aircraft, spacecraft, and parts thereof (Dec. 2020=100) |
88 |
0.633 | 110.4 | 110.5 | 2.7 | 1.0 | 0.5 | 0.1 | 0.1 |
Optical, photo, measuring, medical & musical instruments; & timepieces |
XVIII |
4.214 | 112.3 | 112.4 | 3.6 | -0.3 | 1.2 | 0.2 | 0.1 |
Optical, photographic, measuring and medical instruments |
90 |
3.914 | 107.9 | 107.9 | 3.8 | -0.1 | 1.2 | 0.1 | 0.0 |
Miscellaneous manufactured articles |
XX |
4.542 | 120.5 | 120.1 | -0.1 | 0.1 | 0.1 | -0.1 | -0.3 |
Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs |
94 |
2.522 | 127.1 | 127.0 | -0.2 | 0.2 | 0.2 | -0.2 | -0.1 |
Toys, games and sports equipment; parts and accessories thereof |
95 |
1.709 | 107.1 | 106.4 | -0.3 | 0.0 | 0.0 | 0.0 | -0.7 |
Miscellaneous manufactured articles |
96 |
0.311 | 152.6 | 152.6 | 3.1 | 0.0 | 0.0 | 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 Jul. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|---|
Jul. 2024 |
Aug. 2024 |
Annual | Monthly | ||||||
Aug. 2023 to Aug. 2024 |
Apr. 2024 to May 2024 |
May 2024 to Jun. 2024 |
Jun. 2024 to Jul. 2024 |
Jul. 2024 to Aug. 2024 |
|||||
Live animals; animal products |
I |
2.025 | 275.3 | 276.1 | 7.0 | 0.6 | 1.4 | -0.5 | 0.3 |
Meat & edible meat offal (Dec. 2006=100) |
02 |
1.321 | 240.8 | 240.9 | 8.6 | 0.9 | 2.3 | -0.9 | 0.0 |
Vegetable products |
II |
3.933 | 231.2 | 220.6 | -15.5 | 1.9 | 0.1 | -3.4 | -4.6 |
Edible fruit and nuts; peel of citrus fruit or melons |
08 |
0.870 | 152.9 | 155.1 | 19.4 | 3.1 | 3.5 | -2.4 | 1.4 |
Cereals |
10 |
1.066 | 218.2 | 208.8 | -22.6 | 4.2 | -0.5 | -8.0 | -4.3 |
Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder |
12 |
1.611 | 238.3 | 216.6 | -25.5 | 0.2 | -0.7 | -1.3 | -9.1 |
Prepared foodstuffs, beverages, and tobacco |
IV |
2.879 | 182.1 | 182.6 | -2.4 | -1.0 | 1.9 | -0.3 | 0.3 |
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100) |
19 |
0.297 | 101.0 | 101.0 | - | 0.1 | 0.7 | 0.0 | 0.0 |
Miscellaneous edible preparations (Dec. 2017=100) |
21 |
0.637 | 120.9 | 122.7 | 2.7 | -0.8 | 3.5 | -2.7 | 1.5 |
Residues and waste from the food industries; prepared animal feed |
23 |
0.592 | 248.4 | 249.1 | -14.8 | -1.9 | -1.2 | 1.3 | 0.3 |
Mineral products |
V |
15.783 | 284.4 | 275.3 | -9.6 | -4.7 | -2.6 | 3.8 | -3.2 |
Ores, slag and ash (Dec. 2012=100) |
26 |
0.449 | 134.6 | 131.1 | 4.7 | 12.1 | 0.7 | -0.8 | -2.6 |
Mineral fuels, oils and residuals, bituminous substances and mineral waxes |
27 |
15.140 | 271.9 | 263.0 | -10.2 | -5.2 | -2.7 | 4.0 | -3.3 |
Products of the chemical or allied industries |
VI |
12.482 | 158.9 | 159.5 | -1.1 | -0.3 | -0.1 | 0.9 | 0.4 |
Pharmaceutical products |
30 |
4.380 | 104.7 | 104.8 | -3.5 | 0.1 | 0.2 | 0.8 | 0.1 |
Essential oils and resinoids; perfumery cosmetic or toilet preparations |
33 |
0.795 | 145.3 | 145.1 | -2.3 | -0.3 | -0.1 | -0.8 | -0.1 |
Miscellaneous chemical products |
38 |
2.294 | 194.1 | 194.1 | 0.5 | 0.0 | 0.1 | 0.0 | 0.0 |
Rubber and articles thereof |
40 |
0.922 | 193.3 | 193.5 | 13.6 | 1.5 | 0.0 | 0.2 | 0.1 |
Wood, wood charcoal, cork, straw, baskets and wickerwork (Dec. 2014=100) |
IX |
0.479 | 111.8 | 112.6 | 6.3 | -2.4 | 0.1 | 1.8 | 0.7 |
Wood and articles of wood; wood charcoal (Dec. 2023=100) |
44 |
0.479 | 104.2 | 105.0 | - | -2.4 | 0.1 | 1.8 | 0.8 |
Woodpulp and recovered paper (Dec. 2019=100) |
47 |
0.573 | 173.2 | 175.2 | 28.8 | 0.6 | 0.3 | 0.0 | 1.2 |
Cotton, including yarns and woven fabrics thereof |
52 |
0.559 | 148.4 | 139.3 | -15.3 | -6.9 | 4.0 | -7.8 | -6.1 |
Stone, plaster, cement, asbestos, ceramics, glass etc. |
XIII |
0.743 | 153.6 | 153.9 | 3.4 | -0.1 | -0.3 | 0.4 | 0.2 |
Glass and glassware (Dec. 2019=100) |
70 |
0.354 | 115.5 | 115.0 | 0.6 | 0.3 | -0.2 | 0.4 | -0.4 |
Pearls, stones, precious metals, imitation jewelry, and coins |
XIV |
5.148 | 337.6 | 343.2 | 11.3 | 1.2 | -0.3 | 0.0 | 1.7 |
Pearls, precious stones, precious metals; jewelry, coin (Dec. 2023=100) |
71 |
5.148 | 108.1 | 109.9 | - | 1.1 | -0.3 | 0.0 | 1.7 |
Base metals and articles of base metals |
XV |
4.512 | 213.7 | 211.2 | 1.1 | 0.9 | 0.8 | -0.4 | -1.2 |
Copper and articles thereof |
74 |
0.619 | 300.4 | 279.0 | 6.1 | 8.3 | 1.0 | -3.4 | -7.1 |
Aluminum and articles thereof |
76 |
0.759 | 157.7 | 156.4 | 10.5 | 4.0 | 2.4 | -0.5 | -0.8 |
Miscellaneous articles of base metal (Dec. 2022=100) |
83 |
0.338 | 106.8 | 106.8 | 3.7 | 0.0 | 0.0 | 1.0 | 0.0 |
Machinery, electrical equipment, TV image and sound recorders, parts, etc. |
XVI |
26.434 | 108.5 | 108.1 | 1.4 | 0.2 | -0.1 | 0.0 | -0.4 |
Machinery and mechanical appliances; parts thereof |
84 |
15.672 | 133.8 | 133.9 | 2.4 | 0.2 | 0.1 | 0.1 | 0.1 |
Electrical machinery and equipment and parts and accessories thereof |
85 |
10.761 | 82.3 | 81.3 | -0.1 | 0.1 | -0.4 | -0.2 | -1.2 |
Vehicles, aircraft, vessels and associated transport equipment |
XVII |
9.759 | 155.7 | 155.9 | 3.5 | 0.1 | 0.0 | 0.1 | 0.1 |
Motor vehicles and their parts |
87 |
7.277 | 129.9 | 130.0 | 3.5 | 0.1 | 0.0 | 0.0 | 0.1 |
Optical, photo, measuring, medical & musical instruments; & timepieces |
XVIII |
5.838 | 121.3 | 121.3 | 2.5 | 0.0 | 0.5 | 0.2 | 0.0 |
Optical, photographic, measuring and medical instruments (Dec. 2023=100) |
90 |
5.782 | 102.0 | 102.0 | - | 0.0 | 0.4 | 0.2 | 0.0 |
Miscellaneous manufactured articles |
XX |
1.157 | 135.7 | 136.0 | 0.5 | 0.0 | 0.1 | -0.4 | 0.2 |
Furniture; stuffed furnishings; lamps and lighting fittings nesoi |
94 |
0.578 | 151.0 | 151.0 | 1.5 | 0.5 | 0.0 | 0.0 | 0.0 |
Toys, games and sports equipment; parts and accessories thereof |
95 |
0.438 | 116.3 | 116.4 | -1.2 | -0.6 | -0.8 | -1.3 | 0.1 |
Footnotes |
|||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Jul. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Jul. 2024 |
Aug. 2024 |
Annual | Monthly | |||||
Aug. 2023 to Aug. 2024 |
Apr. 2024 to May 2024 |
May 2024 to Jun. 2024 |
Jun. 2024 to Jul. 2024 |
Jul. 2024 to Aug. 2024 |
||||
Industrialized Countries(2) |
100.000 | 147.9 | 147.5 | 0.8 | -0.1 | -0.1 | 0.3 | -0.3 |
Nonmanufacturing |
11.252 | 266.8 | 259.0 | -2.6 | -1.7 | -0.9 | 4.6 | -2.9 |
Manufacturing |
88.409 | 138.6 | 138.7 | 1.4 | 0.1 | 0.1 | -0.3 | 0.1 |
Canada |
100.000 | 176.3 | 173.8 | -2.1 | -0.8 | -0.2 | 1.7 | -1.4 |
Nonmanufacturing |
32.908 | 260.8 | 252.8 | -3.4 | -2.1 | -0.8 | 4.7 | -3.1 |
Manufacturing |
66.347 | 157.2 | 156.2 | -1.3 | -0.1 | 0.1 | 0.4 | -0.6 |
European Union |
100.000 | 158.4 | 158.7 | 1.4 | 0.2 | 0.1 | -0.4 | 0.2 |
Manufacturing |
99.336 | 154.1 | 154.4 | 1.5 | 0.2 | 0.1 | -0.3 | 0.2 |
France (Dec. 2003=100) |
100.000 | 158.0 | 158.1 | 3.7 | 0.0 | 0.0 | -0.3 | 0.1 |
Germany (Dec. 2003=100) |
100.000 | 124.9 | 125.3 | 0.5 | -0.1 | 0.2 | 0.1 | 0.3 |
United Kingdom (Dec. 2003=100) |
100.000 | 139.1 | 139.0 | 1.9 | 0.3 | 0.4 | -0.5 | -0.1 |
Latin America(3) |
100.000 | 175.6 | 174.6 | 2.5 | -0.6 | 0.3 | 0.5 | -0.6 |
Nonmanufacturing |
13.718 | 343.6 | 338.2 | 1.0 | -3.3 | 0.6 | 3.2 | -1.6 |
Manufacturing |
86.048 | 141.5 | 140.9 | 2.8 | -0.2 | 0.3 | 0.1 | -0.4 |
Mexico (Dec. 2003=100) |
100.000 | 149.2 | 148.7 | 1.5 | -0.5 | 0.1 | 0.9 | -0.3 |
Nonmanufacturing (Dec. 2008=100) |
9.253 | 193.7 | 189.7 | -0.3 | -4.4 | 0.7 | 8.3 | -2.1 |
Manufacturing (Dec. 2008=100) |
90.518 | 101.0 | 100.9 | 1.8 | -0.1 | 0.1 | 0.1 | -0.1 |
Pacific Rim (Dec. 2003=100)(4) |
100.000 | 102.1 | 102.1 | -0.7 | -0.1 | 0.0 | 0.0 | 0.0 |
China (Dec. 2003=100) |
100.000 | 100.5 | 100.3 | -1.4 | 0.0 | 0.0 | 0.0 | -0.2 |
Japan |
100.000 | 101.1 | 101.1 | -0.2 | 0.1 | -0.1 | 0.1 | 0.0 |
Taiwan (Dec. 2018=100) |
100.000 | 108.7 | 109.5 | -0.1 | -0.1 | -0.3 | 0.7 | 0.7 |
Asian NICs(5) |
100.000 | 94.8 | 94.6 | -1.4 | -0.2 | -0.1 | 0.5 | -0.2 |
ASEAN (Dec. 2003=100)(6) |
100.000 | 99.8 | 99.8 | -1.5 | -0.4 | -0.7 | 0.2 | 0.0 |
Asia Near East (Dec. 2003=100)(7) |
100.000 | 215.7 | 216.9 | -3.0 | -2.7 | -3.7 | 1.7 | 0.6 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Jul. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Jul. 2024 |
Aug. 2024 |
Annual | Monthly | |||||
Aug. 2023 to Aug. 2024 |
Apr. 2024 to May 2024 |
May 2024 to Jun. 2024 |
Jun. 2024 to Jul. 2024 |
Jul. 2024 to Aug. 2024 |
||||
Industrialized Countries(2) |
100.000 | 123.4 | 122.6 | 1.8 | -0.7 | 0.7 | 0.4 | -0.6 |
Nonmanufacturing |
15.016 | 145.5 | 140.6 | -2.0 | -4.9 | 2.1 | 2.0 | -3.4 |
Manufacturing |
83.451 | 120.7 | 120.5 | 2.2 | 0.0 | 0.5 | 0.1 | -0.2 |
Canada |
100.000 | 128.8 | 128.2 | 0.1 | -0.2 | 0.2 | -0.2 | -0.5 |
Nonmanufacturing (Dec. 2020=100) |
7.216 | 133.6 | 129.0 | -5.6 | -1.2 | 0.4 | -2.2 | -3.4 |
Manufacturing (Dec. 2020=100) |
91.081 | 120.3 | 120.0 | 0.3 | -0.1 | 0.2 | 0.0 | -0.2 |
European Union |
100.000 | 123.6 | 121.5 | 2.6 | -1.1 | 0.0 | 1.1 | -1.7 |
Nonmanufacturing |
23.079 | 147.8 | 139.3 | -3.8 | -4.8 | -0.6 | 2.5 | -5.8 |
Manufacturing |
75.229 | 118.6 | 118.2 | 3.8 | -0.1 | 0.2 | 0.9 | -0.3 |
Germany |
100.000 | 125.0 | 124.6 | 5.7 | 0.0 | 0.2 | 0.3 | -0.3 |
Latin America(3) |
100.000 | 124.6 | 122.9 | -1.9 | -1.6 | -1.0 | 1.8 | -1.4 |
Nonmanufacturing |
7.156 | 137.0 | 129.8 | -6.8 | -0.9 | 3.5 | -2.8 | -5.3 |
Manufacturing |
92.285 | 123.8 | 122.4 | -1.8 | -1.7 | -1.2 | 2.1 | -1.1 |
Mexico |
100.000 | 125.0 | 123.8 | -1.4 | -1.0 | -0.1 | 0.9 | -1.0 |
Nonmanufacturing |
5.758 | 111.6 | 104.8 | -12.9 | 1.0 | 8.5 | -5.6 | -6.1 |
Manufacturing |
93.387 | 126.8 | 126.0 | -0.9 | -1.1 | -0.6 | 1.3 | -0.6 |
Pacific Rim(4) |
100.000 | 114.6 | 113.1 | -0.4 | -0.8 | 0.4 | -0.4 | -1.3 |
Nonmanufacturing |
20.514 | 119.8 | 111.8 | -9.3 | -2.8 | 0.6 | 0.0 | -6.7 |
Manufacturing |
78.212 | 114.8 | 115.0 | 1.9 | -0.4 | 0.5 | -0.6 | 0.2 |
China |
100.000 | 106.4 | 104.6 | -3.5 | -0.5 | -0.2 | -0.7 | -1.7 |
Nonmanufacturing |
24.112 | 101.9 | 94.9 | -14.9 | -1.4 | -0.6 | -0.9 | -6.9 |
Manufacturing |
74.208 | 110.0 | 110.2 | 0.5 | -0.4 | 0.0 | -0.6 | 0.2 |
Japan |
100.000 | 112.5 | 110.6 | 0.2 | -0.1 | 1.5 | -0.4 | -1.7 |
Nonmanufacturing |
21.376 | 124.1 | 115.7 | -3.4 | -2.5 | 2.9 | -0.1 | -6.8 |
Manufacturing |
77.332 | 109.6 | 109.4 | 1.2 | 0.5 | 1.1 | -0.4 | -0.2 |
Footnotes |
||||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Index | Percent change | |||||
---|---|---|---|---|---|---|---|
Jul. 2024 |
Aug. 2024 |
Annual | Monthly | ||||
Aug. 2023 to Aug. 2024 |
Apr. 2024 to May 2024 |
May 2024 to Jun. 2024 |
Jun. 2024 to Jul. 2024 |
Jul. 2024 to Aug. 2024 |
|||
Industrialized Countries(2) |
102.1 | 101.7 | 1.0 | -0.5 | 0.7 | 0.1 | -0.4 |
Canada |
96.0 | 96.9 | 2.2 | 0.6 | 0.4 | -1.8 | 0.9 |
European Union |
105.0 | 103.0 | 1.2 | -1.2 | -0.1 | 1.5 | -1.9 |
Germany |
115.2 | 114.5 | 5.2 | 0.1 | 0.0 | 0.3 | -0.6 |
Latin America(3) |
105.7 | 104.8 | -4.4 | -1.0 | -1.2 | 1.3 | -0.9 |
Mexico |
108.1 | 107.4 | -2.9 | -0.5 | -0.2 | 0.0 | -0.6 |
Pacific Rim(4) |
110.4 | 109.0 | 0.3 | -0.7 | 0.5 | -0.5 | -1.3 |
China |
106.0 | 104.4 | -2.2 | -0.5 | -0.2 | -0.7 | -1.5 |
Japan |
106.3 | 104.5 | 0.4 | -0.2 | 1.6 | -0.5 | -1.7 |
Footnotes |
|||||||
NOTES: Data may be revised in each of the 3 months after original publication. |
Description | Relative import- ance Jul. 2024(1) |
Index | Percent change | |||||
---|---|---|---|---|---|---|---|---|
Jul. 2024 |
Aug. 2024 |
Annual | Monthly | |||||
Aug. 2023 to Aug. 2024 |
Apr. 2024 to May 2024 |
May 2024 to Jun. 2024 |
Jun. 2024 to Jul. 2024 |
Jul. 2024 to Aug. 2024 |
||||
Air Freight |
||||||||
Import Air Freight |
100.000 | 264.3 | 271.0 | 22.1 | -0.7 | 0.7 | 13.6 | 2.5 |
Europe (Dec. 2003=100) |
19.365 | 157.5 | 153.2 | -23.9 | 5.6 | -6.2 | 6.2 | -2.7 |
Asia |
79.709 | 290.7 | 302.7 | 42.4 | -2.4 | 2.7 | 16.3 | 4.1 |
Export Air Freight |
100.000 | 174.6 | 168.6 | -5.3 | -1.9 | -0.3 | 3.7 | -3.4 |
Europe (Dec. 2006=100) |
29.349 | 140.0 | 125.7 | -12.0 | -0.6 | -0.6 | 14.0 | -10.2 |
Asia (Dec. 2011=100) |
47.808 | 134.7 | 134.3 | -5.3 | -2.8 | -0.3 | -2.0 | -0.3 |
Inbound Air Freight |
100.000 | 183.6 | 184.3 | 14.5 | -4.2 | 3.5 | 5.9 | 0.4 |
Europe (Dec. 2003=100) |
24.257 | 137.0 | 130.9 | -17.7 | 2.7 | -6.6 | 5.7 | -4.5 |
Asia |
63.476 | 185.9 | 190.9 | 33.8 | -3.9 | 6.0 | 6.8 | 2.7 |
Outbound Air Freight |
100.000 | 167.8 | 164.5 | -1.5 | -0.7 | 1.4 | 0.0 | -2.0 |
Europe (Dec. 2003=100) |
37.278 | 172.9 | 160.3 | -6.9 | 0.3 | -0.4 | 9.4 | -7.3 |
Asia |
41.769 | 171.7 | 176.1 | 0.5 | -1.6 | 3.9 | -7.7 | 2.6 |
Air Passenger Fares |
||||||||
Import Air Passenger Fares |
100.000 | 175.5 | 153.8 | -2.8 | 0.4 | 9.0 | -11.3 | -12.4 |
Europe |
48.204 | 196.5 | 165.2 | -6.0 | 7.3 | 7.7 | -12.3 | -15.9 |
Asia |
12.170 | 166.1 | 151.0 | -8.9 | 2.4 | 9.5 | -11.8 | -9.1 |
Latin America/Caribbean |
10.001 | 148.3 | 135.6 | -4.9 | -3.2 | 8.8 | -1.0 | -8.6 |
Export Air Passenger Fares |
100.000 | 196.6 | 180.6 | -4.0 | -3.0 | 10.6 | 0.6 | -8.1 |
Europe |
39.225 | 250.3 | 216.7 | -8.1 | 5.2 | 15.5 | -1.0 | -13.4 |
Asia |
11.875 | 200.7 | 198.8 | -11.1 | -0.7 | 5.1 | 1.0 | -0.9 |
Latin America/Caribbean |
30.527 | 185.8 | 174.4 | -4.3 | -13.5 | 12.7 | 3.9 | -6.1 |
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.