U.S. Import and Export Price Indexes News Release

Transmission of material in this release is embargoed until                                      USDL-24-2306
8:30 a.m. (ET) Friday, November 15, 2024

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


                              U.S. IMPORT AND EXPORT PRICE INDEXES - OCTOBER 2024                               

U.S. import prices increased 0.3 percent in October following a 0.4-percent decline in September, the U.S. 
Bureau of Labor Statistics reported today. Higher nonfuel and fuel prices contributed to the October 
advance. The price index for U.S. exports rose 0.8 percent in October, after decreasing 0.6 percent the 
previous month.

Imports 

Prices for U.S. imports rose 0.3 percent in October, the largest 1-month advance since a 0.9-percent increase 
in April 2024. The advance in October followed declines of 0.4 percent in September and 0.3 percent in 
August. U.S. import prices increased 0.8 percent from October 2023 to October 2024. (See table 1.)

Fuel Imports: The price index for import fuel advanced 1.5 percent in October, after a 7.5-percent decrease 
in September. The rise in October was the largest monthly increase since a 3.9-percent advance in April 
2024. Higher prices for petroleum and natural gas in October contributed to the overall rise in import fuel 
prices. Despite the monthly increase, import fuel prices declined for the year ended in October, falling 13.6 
percent. Prices for import petroleum advanced 1.2 percent in October following a 10.8-percent decrease for 
the third quarter of 2024. Import petroleum prices fell 13.2 percent over the past 12 months. The price index 
for import natural gas rose 30.8 percent in October, the largest monthly advance since a 68.4-percent 
increase in December 2022. Despite the October rise, import natural gas prices fell 42.9 percent over the 
past year. 

All Imports Excluding Fuel: Nonfuel import prices increased 0.2 percent for the second consecutive 
month in October. Higher prices for nonfuel industrial supplies and materials, capital goods, consumer 
goods, and automotive vehicles in October more than offset lower foods, feeds, and beverages prices. The 
price index for nonfuel imports has not recorded a monthly decline since May 2024. Prices for nonfuel 
imports rose 2.3 percent over the past year, the largest 12-month increase since October 2022.            

Foods, Feeds, and Beverages: Import foods, feeds, and beverages prices fell 1.6 percent in October, the 
largest 1-month decline since November 2020. The October drop was led by a 13.3-percent decrease in 
prices for vegetables.

Nonfuel Industrial Supplies and Materials: Prices for nonfuel industrial supplies and materials advanced 1.3 
percent in October, the largest monthly increase since a 2.8-percent rise in April 2024. Higher unfinished 
and finished metals prices drove the advance in October.

Finished Goods: Prices for the major finished goods import categories increased in October. Capital goods 
prices ticked up 0.1 percent for the third consecutive month. Higher computer accessories, peripherals, and 
parts prices in October more than offset lower prices for telecommunications equipment and 
semiconductors. The price index for automotive vehicles advanced 0.1 percent in October, after increases of 
0.2 percent in September and August. The October rise was led by higher prices for non-engine parts and 
accessories. Prices for consumer goods advanced 0.1 percent for the second consecutive month in October.

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
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	0.1	-1.7	0.2	-0.3	1.1	-0.4
July	0.1	0.0	(r)0.2	0.5	-2.0	0.8
August	(r)-0.3	(r)-3.3	(r)0.0	(r)-0.7	(r)-2.0	(r)-0.6
September	-0.4	(r)-7.5	(r)0.2	(r)-0.6	(r)0.9	(r)-0.8
October	0.3	1.5	0.2	0.8	2.0	0.6
Oct. 2022 to 2023	-1.8	-8.8	-0.9	-4.7	-8.1	-4.4
Oct. 2023 to 2024	0.8	-13.6	2.3	-0.1	-1.9	0.0
Footnotes (r) Revised

Exports 

Prices for U.S. exports increased 0.8 percent in October following a 0.6-percent decline the previous month. 
The October advance was the largest monthly rise since the index increased 1.2 percent in August 2023. 
Higher prices for nonagricultural and agricultural exports in October contributed to the monthly increase. 
Despite the October rise, U.S. export prices declined 0.1 percent over the past year. (See table 2.)

Agricultural Exports: Prices for agricultural exports advanced 2.0 percent in October, the largest monthly 
increase since the index rose 2.8 percent in November 2022. Price increases for corn, soybeans, meat, and 
fruit in October drove the advance in export agricultural prices. Despite the rise in October, the price index 
for agricultural exports declined 1.9 percent over the past year.              

All Exports Excluding Agriculture: Prices for nonagricultural exports increased 0.6 percent in October, 
after declines of 0.8 percent in September and 0.6 percent in August. Higher prices for nonagricultural 
industrial supplies and materials; capital goods; automotive vehicles; and nonagricultural foods in October 
more than offset lower consumer goods prices. The price index for nonagricultural exports was unchanged 
from October 2023 to October 2024.

Nonagricultural Industrial Supplies and Materials: Nonagricultural industrial supplies and materials prices 
rose 1.3 percent in October following a 2.0-percent decline the previous month. A 6.0-percent increase in 
export prices for nonmonetary gold led the October advance in nonagricultural industrial supplies and 
materials prices.

Finished Goods: Prices for the major finished goods export categories were mixed in October. Capital 
goods prices rose 0.2 percent in October, after being unchanged in September. Higher prices for industrial 
and service machinery, and computer accessories, peripherals, and parts drove the October advance. The 
price index for automotive vehicles increased 0.5 percent in October, the largest 1-month rise since April 
2024. Higher prices for passenger cars led the October advance in automotive vehicles prices. In contrast, 
prices for consumer goods declined 0.2 percent in October following increases of 0.3 percent in September 
and 0.1 percent in August. 

More information for the major import and export price indexes can be found at 
www.bls.gov/web/ximpim/largest.htm.

Measures of Import and Export Prices by Locality

Imports by Locality of Origin: Import prices from China edged down 0.1 percent in October, after being 
unchanged the 2 previous months. Prices for imports from China have not increased on a monthly basis 
since rising 0.4 percent in October 2022. The price index for imports from China declined 1.1 percent for 
the 12 months ended in October. In contrast, import prices from Japan advanced 0.2 percent for the second 
consecutive month in October. Prices for imports from Japan ticked up 0.1 percent over the past year. The 
price index for imports from Canada increased 1.5 percent in October following a 1.3-percent drop in 
September. Despite the October advance, prices for imports from Canada declined 4.0 percent over the past 
12 months. Import prices from Mexico fell 1.1 percent in October and prices for imports from the European 
Union ticked up 0.1 percent over the same period. (See table 7.)
	
Exports by Locality of Destination: The price index for exports to China increased 1.8 percent in October, 
after declining 0.2 percent in September. Despite the monthly advance, prices for exports to China fell 1.4 
percent for the year ended in October. Export prices to Japan rose 1.7 percent in October following a 0.4-
percent decrease the previous month. Prices for exports to Japan advanced 1.9 percent over the past 12 
months. Export prices to Canada increased 1.0 percent in October, the largest 1-month rise since the index 
advanced 1.5 percent in May 2022. Prices for exports to Canada rose 0.7 percent from October 2023 to 
October 2024. Export prices to Mexico increased 1.2 percent in October, the largest monthly advance since 
April 2024. The price index for exports to the European Union rose 0.9 percent in October and increased 1.7 
percent over the past year. (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. The index for U.S. terms of trade with 
China advanced 1.9 percent in October following a 0.2-percent decline in September. Despite the monthly 
rise, U.S. terms of trade with China fell 0.3 percent over the past year. U.S. terms of trade with Japan 
increased 1.5 percent in October, after declines of 0.6 percent in September and 1.4 percent in August. The 
index for U.S. terms of trade with Japan advanced 1.7 percent from October 2023 to October 2024. In 
contrast, U.S. terms of trade with Canada declined 0.4 percent in October following a 0.9-percent rise the 
previous month. U.S. terms of trade with Mexico and the European Union advanced 2.4 percent and 0.8 
percent, respectively, in October. (See table 9.)

Import and Export Services

Imports: The index for import air passenger fares increased 3.9 percent in October, after rising 13.9 percent 
the previous month. The September advance was the largest 1-month increase since the index rose 18.3 
percent in June 2008. The increases in import air passenger fares in October and September followed 
declines of 12.4 percent in August and 11.3 percent in July. Import air passenger fares increased 2.1 percent 
over the past year, the largest 12-month advance since the index rose 5.9 percent from April 2023 to April 
2024. Prices for import air freight fell 4.8 percent in October following a 6.6-percent advance the previous 
month. Despite the decline in October, prices for import air freight increased 17.9 percent over the past 12 
months. (See table 10.)

Exports: Export air passenger fares advanced 0.7 percent in October following a 1.4-percent drop the 
previous month. Higher Latin American/Caribbean fares in October more than offset lower Asian and 
European fares. Export air passenger fares rose 0.3 percent over the past 12 months. Prices for export air 
freight increased 8.5 percent in October, after declining 1.2 percent in September. Higher prices for Asian 
air freight in October drove the overall advance. Export air freight prices rose 8.5 percent over the past year.       
		
U.S. Import and Export Price Index data for November 2024 are scheduled for release on Friday, 
December 13, 2024, at 8:30 a.m. (ET).

Table 1. U.S. import price indexes and percent changes for End Use categories of goods: October 2023 to October 2024 [2000=100, unless otherwise noted]

Description	End Use	Relative import- ance Sep. 2024(1)	Index		Percent change
			Sep. 2024	Oct. 2024	Annual	Monthly
					Oct. 2023 to Oct. 2024	Jun. 2024 to Jul. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024
All commodities		100.000	140.8	141.2	0.8	0.1	-0.3	-0.4	0.3
All imports excluding food and fuels (Dec. 2010=100)		84.973	109.3	109.7	2.2	0.0	0.0	0.3	0.4
All imports excluding petroleum		92.721	125.2	125.5	2.2	0.2	0.0	0.2	0.2
All imports excluding fuels (Dec. 2001=100)		92.366	129.4	129.6	2.3	0.2	0.0	0.2	0.2
Foods, feeds, & beverages	0	7.393	225.0	221.3	3.9	2.0	-0.5	-0.1	-1.6
Agricultural foods, feeds & beverages, excluding distilled beverages	00	6.042	253.8	248.5	4.5	2.5	-0.8	-0.3	-2.1
Nonagricultural foods (fish, distilled beverages)	01	1.350	155.3	156.1	1.8	-0.2	0.7	0.9	0.5
Industrial supplies & materials	1	22.815	240.5	243.8	-1.4	-0.1	-1.4	-2.0	1.4
Industrial supplies & materials excluding petroleum		15.546	203.9	207.0	5.5	-0.2	-0.4	0.9	1.5
Industrial supplies & materials excluding fuels (Dec. 2001=100)		15.169	230.8	233.9	6.5	-0.2	-0.3	1.1	1.3
Industrial supplies & materials, durable		9.771	226.6	231.1	8.7	-0.1	-0.2	1.5	2.0
Industrial supplies & materials nondurable excluding petroleum		5.766	177.1	178.3	0.6	-0.3	-0.8	-0.1	0.7
Fuels & lubricants	10	7.634	261.4	265.2	-13.6	0.0	-3.3	-7.5	1.5
Petroleum & petroleum products	100	7.279	285.2	288.5	-13.2	0.0	-3.3	-7.8	1.2
Crude petroleum	10000	4.926	290.2	301.6	-14.6	1.4	-5.4	-7.5	3.9
Fuels, n.e.s.-coals & gas	101	0.203	97.0	109.2	-30.3	-0.7	-3.9	-4.7	12.6
Natural gas	10110	0.099	57.2	74.8	-42.9	2.1	-9.5	-12.7	30.8
Paper & paper base stocks	11	0.543	142.0	142.5	2.7	2.0	-0.3	-1.4	0.4
Materials associated with nondurable supplies & materials	12	4.867	198.2	198.6	2.7	-0.5	-0.8	0.3	0.2
Unfinished metals related to durable goods	14	3.569	331.5	343.6	11.8	-0.1	-2.0	1.3	3.7
Finished metals related to durable goods	15	2.851	240.0	245.1	15.4	0.1	1.6	2.8	2.1
Capital goods	2	28.641	93.8	93.9	0.8	0.0	0.1	0.1	0.1
Nonelectrical machinery	21	22.683	84.5	84.6	0.5	0.0	0.2	0.0	0.1
Transportation equipment excluding motor vehicles (Dec. 2001=100)	22	1.644	157.5	157.9	3.3	-0.9	0.1	0.1	0.3
Automotive vehicles, parts & engines	3	13.729	121.9	122.0	2.3	0.5	0.2	0.2	0.1
Automotive vehicles, parts and engines, 2 digit (Dec. 2023=100)	30	13.729	102.3	102.5	-	0.4	0.2	0.1	0.2
Consumer goods, excluding automotives	4	27.422	110.7	110.8	1.2	-0.1	0.0	0.1	0.1
Nondurables, manufactured	40	13.786	128.2	128.2	2.5	-0.1	0.0	0.0	0.0
Durables, manufactured	41	12.705	94.8	95.0	0.3	0.0	0.0	0.2	0.2
Nonmanufactured consumer goods	42	0.931	118.4	119.0	-3.3	-0.7	-1.8	1.9	0.5
Footnotes (1) Relative importance figures are based on 2022 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 End Use categories of goods: October 2023 to October 2024 [2000=100, unless otherwise noted]

Description	End Use	Relative import- ance Sep. 2024(1)	Index		Percent change
			Sep. 2024	Oct. 2024	Annual	Monthly
					Oct. 2023 to Oct. 2024	Jun. 2024 to Jul. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024
All commodities		100.000	147.2	148.4	-0.1	0.5	-0.7	-0.6	0.8
Agricultural commodities		9.325	222.4	226.9	-1.9	-2.0	-2.0	0.9	2.0
All exports excluding food and fuels (Dec. 2010=100)		76.644	116.6	117.3	3.2	0.3	-0.1	0.3	0.6
All exports excluding fuels (June 2022=100)		85.263	100.6	101.3	2.7	0.0	-0.2	0.3	0.7
Nonagricultural commodities		90.675	141.3	142.2	0.0	0.8	-0.6	-0.8	0.6
Foods, feeds, & beverages	0	8.619	226.6	231.2	-0.5	-1.6	-1.8	1.1	2.0
Agricultural foods, feeds & beverages, excluding distilled beverages	00	8.219	228.1	232.7	-0.9	-1.8	-2.0	1.1	2.0
Nonagricultural foods (fish, distilled beverages)	01	0.400	197.2	200.7	8.1	1.9	1.3	1.3	1.8
Industrial supplies & materials	1	37.545	193.9	196.5	-2.3	1.7	-1.4	-1.9	1.3
Industrial supplies & materials excluding fuels (Dec. 2020=100)		22.835	120.2	122.0	7.2	0.5	0.2	0.5	1.5
Industrial supplies & materials, durable		11.574	223.9	230.1	11.6	-0.1	0.2	0.9	2.8
Industrial supplies & materials, nondurable		25.971	180.3	181.6	-7.5	2.4	-2.0	-3.1	0.7
Agricultural industrial supplies & materials	10	1.080	193.5	197.2	-9.7	-3.0	-1.8	-0.5	1.9
Nonagricultural industrial supplies & materials		36.466	194.0	196.6	-1.9	1.8	-1.3	-2.0	1.3
Fuels & lubricants	11	14.737	214.6	216.9	-14.1	3.5	-3.5	-5.5	1.1
Nonagricultural supplies & materials excluding fuels & building materials	12	20.957	201.9	205.1	8.6	0.7	0.2	0.6	1.6
Selected building materials	13	0.772	152.2	152.4	1.7	1.0	0.7	-0.1	0.1
Capital goods	2	32.101	123.4	123.7	1.8	0.1	-0.2	0.0	0.2
Nonelectrical machinery	21	22.804	102.7	103.0	1.2	-0.1	-0.3	0.0	0.3
Transportation equipment excluding motor vehicles (Dec. 2001=100)	22	5.719	220.3	220.3	4.0	0.4	0.1	0.0	0.0
Automotive vehicles, parts & engines	3	8.814	129.5	130.2	3.3	0.3	0.1	0.0	0.5
Vehicles-passenger (Dec. 2023=100)	30	8.814	101.9	102.5	-	0.3	0.1	0.0	0.6
Consumer goods, excluding automotives	4	12.921	118.1	117.9	-0.7	0.0	0.1	0.3	-0.2
Nondurables, manufactured	40	6.859	108.1	108.1	-1.8	0.5	-0.1	0.2	0.0
Durables, manufactured	41	4.940	121.8	121.3	1.7	-0.6	0.1	0.4	-0.4
Nonmanufactured consumer goods (Dec. 2018=100)	42	1.122	122.1	122.1	-4.0	-0.2	0.6	0.4	0.0
Footnotes (1) Relative importance figures are based on 2022 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 NAICS industries: October 2023 to October 2024 [December 2005=100, unless otherwise noted]

Description	NAICS	Relative import- ance Sep. 2024(1)	Index		Percent change
			Sep. 2024	Oct. 2024	Annual	Monthly
					Oct. 2023 to Oct. 2024	Jun. 2024 to Jul. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024
Nonmanufacturing		7.705	143.4	146.4	-9.3	2.5	-3.8	-5.2	2.1
Agriculture, forestry, fishing and hunting	11	2.287	244.1	236.6	6.3	5.3	-0.5	-0.2	-3.1
Crop production	111	1.902	255.9	244.5	5.0	6.2	-1.1	-0.6	-4.5
Animal production (Dec. 2022=100)	112	0.259	126.9	129.1	14.9	4.0	2.3	1.8	1.7
Mining	21	5.418	131.2	136.7	-14.5	1.5	-5.0	-7.1	4.2
Oil and gas extraction	211	5.151	128.5	134.1	-15.4	1.5	-5.4	-7.5	4.4
Mining (except oil and gas) (Dec. 2022=100)	212	0.268	121.4	123.5	8.3	0.3	4.4	0.0	1.7
Manufacturing		91.983	123.0	123.2	1.5	-0.2	0.0	0.1	0.2
Manufacturing, part 1	31	11.993	140.2	140.1	1.7	-0.6	-0.4	0.0	-0.1
Food manufacturing	311	4.429	194.1	193.6	4.9	-0.6	-1.3	0.1	-0.3
Beverage and tobacco product manufacturing	312	1.183	143.3	143.5	1.8	0.2	0.2	0.4	0.1
Textile mills (Dec. 2023=100)	313	0.326	102.6	102.6	-	0.5	0.1	-0.4	0.0
Textile product mills (Dec. 2023=100)	314	0.891	99.7	99.8	-	0.0	-0.4	0.0	0.1
Apparel manufacturing	315	3.513	118.9	118.7	0.0	-0.2	0.3	0.0	-0.2
Manufacturing, part 2	32	18.960	141.9	141.0	-0.8	-0.6	0.2	-0.8	-0.6
Paper manufacturing	322	1.004	121.8	122.1	0.2	1.2	-0.3	-1.9	0.2
Printing and related support activities (Dec. 2023=100)	323	0.148	100.7	100.7	-	0.0	0.0	0.0	0.0
Petroleum and coal products manufacturing	324	2.147	129.9	123.9	-11.9	-3.6	1.6	-9.0	-4.6
Chemical manufacturing	325	11.143	151.8	151.6	1.5	-0.3	0.1	0.3	-0.1
Plastics and rubber products manufacturing	326	2.563	132.4	132.2	0.3	0.2	0.2	0.3	-0.2
Nonmetallic mineral product manufacturing	327	1.098	144.8	144.7	0.1	0.0	0.1	0.3	-0.1
Manufacturing, part 3	33	61.030	113.9	114.4	2.1	0.2	0.0	0.4	0.4
Primary metal manufacturing	331	5.024	239.4	248.6	17.0	-0.2	-0.7	1.9	3.8
Fabricated metal product manufacturing	332	3.207	146.3	146.3	-0.3	-0.1	-0.1	0.8	0.0
Machinery manufacturing	333	8.008	132.4	132.5	0.7	0.1	0.2	0.1	0.1
Computer and electronic product manufacturing	334	16.552	72.4	72.5	0.4	0.1	0.1	0.1	0.1
Electrical equipment, appliance, and component manufacturing	335	6.263	125.2	124.9	-1.7	0.2	-0.1	-0.1	-0.2
Transportation equipment manufacturing	336	14.139	120.7	121.0	2.5	0.4	0.1	0.1	0.2
Furniture and related product manufacturing	337	1.869	128.4	128.2	-0.7	-0.1	0.1	0.2	-0.2
Miscellaneous manufacturing	339	5.968	131.0	131.6	3.0	0.5	-0.2	0.2	0.5
Footnotes (1) Relative importance figures are based on 2022 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 NAICS industries: October 2023 to October 2024 [December 2005=100, unless otherwise noted]

Description	NAICS	Relative import- ance Sep. 2024(1)	Index		Percent change
			Sep. 2024	Oct. 2024	Annual	Monthly
					Oct. 2023 to Oct. 2024	Jun. 2024 to Jul. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024
Nonmanufacturing		13.439	158.6	160.1	-9.5	-0.9	-3.0	-2.3	0.9
Agriculture, forestry, fishing and hunting	11	4.220	171.2	176.9	-6.6	-3.8	-4.6	0.9	3.3
Crop production	111	3.933	179.6	185.8	-7.0	-4.1	-5.0	1.1	3.5
Mining	21	9.219	100.1	99.9	-11.1	0.5	-2.4	-3.7	-0.2
Oil and gas extraction (Dec. 2021=100)	211	7.926	88.1	88.0	-12.4	0.7	-2.4	-4.2	-0.1
Mining (except oil and gas)	212	1.293	130.6	130.1	-2.0	-1.5	-2.0	-0.2	-0.4
Manufacturing		84.926	134.5	135.5	1.0	0.7	-0.4	-0.3	0.7
Manufacturing, part 1	31	6.528	171.6	172.6	0.1	-0.4	0.0	0.5	0.6
Food manufacturing	311	4.774	205.2	206.8	1.4	-0.2	0.3	0.8	0.8
Beverage and tobacco product manufacturing	312	0.499	131.5	132.4	-6.1	-0.5	-0.3	0.2	0.7
Manufacturing, part 2	32	25.398	131.6	132.7	-3.8	2.6	-1.2	-1.8	0.8
Wood product manufacturing (Dec. 2017=100)	321	0.453	124.8	125.3	7.7	1.6	0.6	-0.2	0.4
Petroleum and coal products manufacturing	324	5.239	126.7	131.7	-18.3	8.9	-6.2	-8.5	3.9
Chemical manufacturing	325	14.919	133.2	133.0	0.8	0.9	0.3	0.2	-0.2
Plastics and rubber products manufacturing	326	2.280	135.4	135.6	1.0	0.0	0.3	0.2	0.1
Nonmetallic mineral product manufacturing	327	0.739	131.4	131.3	-1.2	-0.1	-0.2	0.2	-0.1
Manufacturing, part 3	33	53.001	132.2	133.1	3.5	0.1	-0.1	0.2	0.7
Primary metal manufacturing	331	4.947	223.1	233.7	22.2	-0.1	0.6	2.1	4.8
Machinery manufacturing	333	9.722	153.3	153.9	2.3	0.1	0.0	0.1	0.4
Computer and electronic product manufacturing	334	12.646	82.7	82.8	-0.4	-0.2	-0.6	0.1	0.1
Transportation equipment manufacturing	336	13.602	150.5	151.1	3.7	0.3	0.1	0.0	0.4
Furniture and related product manufacturing (Dec. 2023=100)	337	0.361	103.0	103.3	-	0.0	0.4	0.3	0.3
Miscellaneous manufacturing	339	5.135	142.0	142.3	3.0	0.0	0.2	-0.3	0.2
Footnotes (1) Relative importance figures are based on 2022 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 Harmonized categories of goods: October 2023 to October 2024 [2000=100, unless otherwise noted]

Description	Harmo- nized system	Relative importance Sep. 2024(1)	Index		Percent change
			Sep. 2024	Oct. 2024	Annual	Monthly
					Oct. 2023 to Oct. 2024	Jun. 2024 to Jul. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024
Live animals; animal products	I	1.519	244.6	245.0	6.8	0.2	0.5	0.7	0.2
Meat and edible meat offal	02	0.445	355.1	348.7	8.2	-0.4	1.5	-0.4	-1.8
Fish and crustaceans, molluscs and other aquatic invertebrates	03	0.710	150.7	152.4	5.7	-0.9	1.1	1.0	1.1
Vegetable products	II	2.149	259.0	250.4	-1.3	6.5	-1.2	-1.9	-3.3
Edible vegetables, roots, and tubers	07	0.609	588.8	504.9	-3.8	12.2	-5.7	-7.3	-14.2
Edible fruit and nuts; peel of citrus fruit or melons	08	0.749	122.1	120.8	-4.7	11.4	6.7	-2.5	-1.1
Coffee, tea, mate and spices	09	0.427	324.8	342.9	18.5	0.8	-1.2	2.1	5.6
Animal or vegetable fats and oils (Dec. 2009=100)	III	0.452	149.5	142.0	-3.9	-1.1	-1.3	1.4	-5.0
Animal or vegetable fats and oils and their cleavage products; prepared (Dec. 2023=100)	15	0.452	100.6	95.6	-	-1.2	-1.2	1.3	-5.0
Prepared foodstuffs, beverages, and tobacco	IV	3.579	206.6	206.7	5.1	-0.4	-0.5	-0.3	0.0
Sugars and sugar confectionary (Dec. 2021=100)	17	0.231	120.4	119.5	-0.7	-5.8	1.2	-1.9	-0.7
Cocoa and cocoa preparations (Dec. 2009=100)	18	0.405	210.0	209.3	64.4	-2.6	-4.7	-5.0	-0.3
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100)	19	0.493	100.1	101.0	-	-0.4	0.1	0.3	0.9
Miscellaneous edible preparations (Dec. 2022=100)	21	0.396	94.0	94.5	-4.4	0.9	0.8	0.6	0.5
Beverages, spirits, and vinegar	22	1.122	156.4	156.6	1.4	0.2	0.3	0.4	0.1
Mineral products	V	7.682	267.8	272.8	-13.2	0.1	-3.2	-7.6	1.9
Mineral fuels, oils and residuals, bituminous substances and mineral waxes	27	7.363	260.2	265.3	-13.7	0.1	-3.5	-7.9	2.0
Products of the chemical or allied industries	VI	10.766	173.1	172.6	1.0	-0.3	0.0	0.1	-0.3
Organic chemicals	29	2.219	136.9	135.3	-6.0	-0.1	0.2	-0.1	-1.2
Pharmaceutical products	30	5.649	156.0	156.0	6.0	-0.5	0.0	0.0	0.0
Fertilizers (Dec. 2022=100)	31	0.200	57.3	56.7	-10.7	-2.7	-3.1	0.7	-1.0
Tanning extracts; dye, pigments, varnish, paints & putty (Dec. 2022=100)	32	0.196	100.9	101.0	-1.1	-0.1	0.4	-0.1	0.1
Miscellaneous chemical products	38	0.894	113.5	112.1	-5.0	-0.2	0.5	0.6	-1.2
Plastics and articles thereof; rubber and articles thereof	VII	3.813	156.1	156.4	1.3	-0.1	0.5	0.8	0.2
Plastics and articles thereof	39	2.534	152.7	152.8	0.6	-0.6	0.5	1.1	0.1
Rubber and articles thereof	40	1.279	166.1	166.5	2.6	0.9	0.4	0.3	0.2
Printed matter (Dec. 2023=100)	49	0.169	100.1	100.1	-	0.0	0.0	0.0	0.0
Textile and textile articles	XI	4.539	120.7	120.7	0.3	-0.1	-0.1	0.0	0.0
Articles of apparel and clothing accessories, knitted or crocheted (Dec. 2023=100)	61	1.940	99.4	99.1	-	-0.2	0.0	0.0	-0.3
Articles of apparel and clothing accessories, not knitted or crocheted	62	1.434	127.7	128.0	1.1	0.2	0.0	-0.1	0.2
Made-up or worn textile articles (Dec. 2023=100)	63	0.618	98.8	98.5	-	-0.1	-0.6	0.0	-0.3
Headgear, umbrellas, artificial flowers, etc.	XII	1.453	126.9	126.5	-0.4	0.3	0.4	-0.3	-0.3
Footwear and parts of such articles	64	1.185	123.6	123.5	-0.3	0.4	-0.1	-0.4	-0.1
Stone, plaster, cement, asbestos, ceramics, glass etc.	XIII	0.944	137.8	137.8	0.5	-0.1	0.0	0.2	0.0
Articles of stone, plaster, cement, asbestos, or mica (Dec. 2020=100)	68	0.328	101.3	101.4	-0.3	0.0	0.0	0.6	0.1
Glass and glassware (Dec. 2021=100)	70	0.345	110.7	110.9	3.0	-0.2	0.0	0.4	0.2
Pearls, stones, precious metals, imitation jewelry, and coins	XIV	3.412	253.3	263.4	21.2	1.5	0.4	2.6	4.0
Pearls, precious stones, precious metals jewelry, coin (Dec. 2023=100)	71	3.412	112.5	117.0	-	1.6	0.4	2.6	4.0
Base metals and articles of base metals	XV	5.903	230.3	233.8	2.9	-0.6	-1.2	0.5	1.5
Articles of iron or steel	73	1.722	190.0	189.7	-3.1	-0.3	0.0	-0.2	-0.2
Copper and articles thereof	74	0.538	411.4	455.4	26.6	-3.0	-7.2	0.7	10.7
Aluminum and articles thereof	76	1.160	203.5	206.7	10.9	-0.9	-0.6	1.7	1.6
Tools, implements, cutlery, spoons and forks, of base metal; parts thereof	82	0.410	131.7	131.9	-0.2	0.0	0.1	0.8	0.2
Miscellaneous articles of base metal	83	0.513	142.6	142.3	-1.5	0.1	0.1	0.2	-0.2
Machinery, electrical equipment, TV image and sound recorders, parts, etc.	XVI	30.512	82.4	82.5	0.2	-0.1	0.2	0.1	0.1
Machinery and mechanical appliances; parts thereof	84	15.299	89.7	90.0	0.6	-0.2	0.1	0.1	0.3
Electrical machinery and equip, sound and TV recorders & reproducers, parts	85	15.213	75.5	75.5	0.0	0.3	0.1	0.1	0.0
Vehicles, aircraft, vessels and associated transport equipment	XVII	11.919	124.9	124.9	1.8	0.5	0.0	0.1	0.0
Motor vehicles and their parts	87	11.136	124.0	124.0	1.8	0.6	0.0	0.1	0.0
Aircraft, spacecraft, and parts thereof (Dec. 2020=100)	88	0.642	111.1	111.2	3.7	0.1	0.1	0.2	0.1
Optical, photo, measuring, medical & musical instruments; & timepieces	XVIII	4.269	112.9	113.1	4.3	0.2	0.2	0.4	0.2
Optical, photographic, measuring and medical instruments	90	3.958	108.3	108.4	4.3	0.1	0.2	0.2	0.1
Miscellaneous manufactured articles	XX	4.569	120.3	120.2	0.1	-0.2	-0.1	0.2	-0.1
Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs	94	2.547	127.4	127.1	-0.2	-0.2	0.0	0.2	-0.2
Toys, games and sports equipment; parts and accessories thereof	95	1.709	106.3	106.4	-0.1	-0.5	-0.4	0.1	0.1
Miscellaneous manufactured articles	96	0.314	152.6	153.4	3.9	0.0	0.0	0.0	0.5
Footnotes (1) Relative importance figures are based on 2022 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 Harmonized categories of goods: October 2023 to October 2024 [2000=100, unless otherwise noted]

Description	Harmo- nized system	Relative import- ance Sep. 2024(1)	Index		Percent change
			Sep. 2024	Oct. 2024	Annual	Monthly
					Oct. 2023 to Oct. 2024	Jun. 2024 to Jul. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024
Live animals; animal products	I	2.077	278.6	286.5	9.2	-0.3	0.4	0.7	2.8
Meat & edible meat offal (Dec. 2006=100)	02	1.348	242.3	246.1	9.8	-0.8	0.0	0.6	1.6
Vegetable products	II	3.859	223.8	231.2	-6.9	-3.4	-4.4	1.2	3.3
Edible fruit and nuts; peel of citrus fruit or melons	08	0.933	161.8	163.9	22.7	-2.4	1.5	4.3	1.3
Cereals	10	1.054	212.8	227.4	-11.8	-8.0	-4.3	1.9	6.9
Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder	12	1.480	216.0	222.4	-15.6	-1.3	-8.7	-0.7	3.0
Prepared foodstuffs, beverages, and tobacco	IV	2.943	183.7	182.8	-1.5	-0.2	-0.1	0.8	-0.5
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100)	19	0.301	101.0	101.0	-	0.0	0.0	0.0	0.0
Miscellaneous edible preparations (Dec. 2017=100)	21	0.660	123.8	123.3	4.7	-2.7	1.0	1.6	-0.4
Residues and waste from the food industries; prepared animal feed	23	0.601	248.9	242.1	-16.6	1.3	-0.9	1.1	-2.7
Mineral products	V	14.508	257.9	261.1	-13.9	3.5	-3.9	-5.4	1.2
Ores, slag and ash (Dec. 2012=100)	26	0.451	133.2	136.8	9.8	-0.8	-4.7	3.8	2.7
Mineral fuels, oils and residuals, bituminous substances and mineral waxes	27	13.860	245.6	248.6	-14.7	3.7	-3.9	-5.8	1.2
Products of the chemical or allied industries	VI	12.720	159.7	159.6	-0.4	0.9	0.4	0.1	-0.1
Pharmaceutical products	30	4.455	105.1	105.2	-2.3	0.8	0.0	0.4	0.1
Essential oils and resinoids; perfumery cosmetic or toilet preparations	33	0.823	148.3	148.2	-0.1	0.3	0.9	0.1	-0.1
Miscellaneous chemical products	38	2.327	194.2	193.9	0.7	0.0	0.1	0.0	-0.2
Rubber and articles thereof	40	0.939	194.1	194.2	12.2	0.2	0.2	0.3	0.1
Wood, wood charcoal, cork, straw, baskets and wickerwork (Dec. 2014=100)	IX	0.490	112.7	113.0	6.4	1.8	1.0	-0.2	0.3
Wood and articles of wood; wood charcoal (Dec. 2023=100)	44	0.490	105.1	105.4	-	1.8	1.1	-0.2	0.3
Woodpulp and recovered paper (Dec. 2019=100)	47	0.592	176.5	176.8	18.0	0.4	1.3	0.2	0.2
Cotton, including yarns and woven fabrics thereof	52	0.534	139.9	141.6	-13.3	-7.8	-6.1	0.4	1.2
Stone, plaster, cement, asbestos, ceramics, glass etc.	XIII	0.756	154.2	154.2	1.5	0.4	0.2	0.2	0.0
Glass and glassware (Dec. 2019=100)	70	0.359	115.5	115.5	0.8	0.4	-0.4	0.4	0.0
Pearls, stones, precious metals, imitation jewelry, and coins	XIV	5.440	351.9	368.0	24.1	0.1	1.7	2.4	4.6
Pearls, precious stones, precious metals; jewelry, coin (Dec. 2023=100)	71	5.440	112.7	117.9	-	0.1	1.7	2.5	4.6
Base metals and articles of base metals	XV	4.483	209.5	213.9	2.9	-0.5	-1.2	-0.8	2.1
Copper and articles thereof	74	0.584	279.5	308.2	22.7	-3.4	-7.3	0.4	10.3
Aluminum and articles thereof	76	0.744	152.4	156.8	9.3	-0.5	-0.8	-2.6	2.9
Miscellaneous articles of base metal (Dec. 2022=100)	83	0.341	106.3	106.3	1.4	0.8	-0.1	-0.1	0.0
Machinery, electrical equipment, TV image and sound recorders, parts, etc.	XVI	26.813	108.6	108.7	2.0	0.1	-0.3	0.2	0.1
Machinery and mechanical appliances; parts thereof	84	15.918	134.0	134.4	2.6	0.1	0.1	0.0	0.3
Electrical machinery and equipment and parts and accessories thereof	85	10.895	82.2	82.0	0.9	0.1	-1.0	0.4	-0.2
Vehicles, aircraft, vessels and associated transport equipment	XVII	9.921	156.1	157.1	2.9	0.2	0.1	0.1	0.6
Motor vehicles and their parts	87	7.385	130.0	131.1	2.9	0.0	0.1	0.0	0.8
Optical, photo, measuring, medical & musical instruments; & timepieces	XVIII	5.858	120.1	120.1	1.4	0.2	-0.1	-0.8	0.0
Optical, photographic, measuring and medical instruments (Dec. 2023=100)	90	5.802	101.0	101.0	-	0.1	-0.1	-0.8	0.0
Miscellaneous manufactured articles	XX	1.175	135.9	136.1	0.8	-0.5	0.4	-0.3	0.1
Furniture; stuffed furnishings; lamps and lighting fittings nesoi	94	0.591	152.2	152.5	3.2	0.0	0.4	0.4	0.2
Toys, games and sports equipment; parts and accessories thereof	95	0.439	115.1	115.1	-2.5	-1.3	0.2	-1.3	0.0
Footnotes (1) Relative importance figures are based on 2022 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: October 2023 to October 2024 [2000=100, unless otherwise noted]

Description	Relative import- ance Sep. 2024(1)	Index		Percent change
		Sep. 2024	Oct. 2024	Annual	Monthly
				Oct. 2023 to Oct. 2024	Jun. 2024 to Jul. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024
Industrialized Countries(2)	100.000	146.4	147.5	1.0	0.0	-0.5	-0.2	0.8
Nonmanufacturing	9.933	233.0	242.5	-11.3	1.5	-5.4	-4.7	4.1
Manufacturing	89.728	139.2	139.7	2.8	-0.2	0.1	0.3	0.4
Canada	100.000	168.1	170.6	-4.0	0.6	-2.3	-1.3	1.5
Nonmanufacturing	29.835	225.6	235.3	-12.7	1.4	-5.9	-5.0	4.3
Manufacturing	69.397	156.8	157.1	0.5	0.4	-0.6	0.4	0.2
European Union	100.000	159.0	159.1	2.4	-0.3	0.3	0.0	0.1
Manufacturing	99.345	154.6	154.7	2.5	-0.4	0.3	0.0	0.1
France (Dec. 2003=100)	100.000	158.3	158.8	5.7	-0.1	0.1	-0.1	0.3
Germany (Dec. 2003=100)	100.000	125.4	125.7	2.1	0.1	0.4	0.0	0.2
United Kingdom (Dec. 2003=100)	100.000	137.9	137.8	0.6	-0.5	0.1	-0.9	-0.1
Latin America(3)	100.000	174.5	174.2	2.2	0.6	-0.2	-0.5	-0.2
Nonmanufacturing	13.522	336.7	321.8	-7.0	3.6	-0.6	-1.8	-4.4
Manufacturing	86.261	141.0	141.6	3.8	0.1	-0.1	-0.3	0.4
Mexico (Dec. 2003=100)	100.000	149.9	148.3	2.3	1.1	0.3	-0.1	-1.1
Nonmanufacturing (Dec. 2008=100)	9.550	200.7	170.1	-5.6	10.3	2.2	-0.5	-15.2
Manufacturing (Dec. 2008=100)	90.240	101.2	101.6	3.1	0.2	0.1	0.0	0.4
Pacific Rim (Dec. 2003=100)(4)	100.000	102.4	102.6	0.0	0.0	0.1	0.2	0.2
China (Dec. 2003=100)	100.000	100.4	100.3	-1.1	-0.1	0.0	0.0	-0.1
Japan	100.000	101.4	101.6	0.1	0.1	0.1	0.2	0.2
Taiwan (Dec. 2018=100)	100.000	109.4	109.4	0.1	0.7	0.8	-0.1	0.0
Asian NICs(5)	100.000	95.3	95.5	-0.1	0.5	0.0	0.5	0.2
ASEAN (Dec. 2003=100)(6)	100.000	100.4	100.5	-0.7	0.3	0.2	0.3	0.1
Asia Near East (Dec. 2003=100)(7)	100.000	202.3	210.0	-6.2	2.4	-0.4	-6.6	3.8
Footnotes (1) Relative importance figures are based on 2022 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: October 2023 to October 2024 [December 2017=100, unless otherwise noted]

Description	Relative import- ance Sep. 2024(1)	Index		Percent change
		Sep. 2024	Oct. 2024	Annual	Monthly
				Oct. 2023 to Oct. 2024	Jun. 2024 to Jul. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024
Industrialized Countries(2)	100.000	122.3	123.6	2.8	0.5	-0.6	-0.5	1.1
Nonmanufacturing	13.672	131.2	135.4	-6.9	1.7	-3.9	-5.8	3.2
Manufacturing	84.743	121.4	122.2	3.9	0.3	0.0	0.3	0.7
Canada	100.000	128.1	129.4	0.7	-0.1	-0.3	-0.4	1.0
Nonmanufacturing (Dec. 2020=100)	6.882	126.7	133.1	-4.5	-2.5	-2.8	-2.2	5.1
Manufacturing (Dec. 2020=100)	91.295	119.9	120.7	0.5	0.1	-0.2	-0.3	0.7
European Union	100.000	119.5	120.6	1.7	1.1	-1.5	-1.7	0.9
Nonmanufacturing	21.028	130.1	133.9	-9.5	1.8	-4.8	-6.9	2.9
Manufacturing	77.369	117.9	118.1	3.9	0.9	-0.4	-0.3	0.2
Germany	100.000	124.6	125.5	7.5	0.4	-0.3	0.0	0.7
Latin America(3)	100.000	120.5	121.9	-2.5	1.7	-1.5	-1.7	1.2
Nonmanufacturing	6.911	127.9	136.1	-5.4	-2.9	-5.5	-1.1	6.4
Manufacturing	92.489	119.9	120.9	-2.4	2.1	-1.2	-1.9	0.8
Mexico	100.000	121.7	123.2	-1.4	0.8	-1.1	-1.4	1.2
Nonmanufacturing	5.578	105.3	119.6	-4.5	-5.2	-6.5	0.6	13.6
Manufacturing	93.530	123.7	124.3	-1.3	1.2	-0.8	-1.5	0.5
Pacific Rim(4)	100.000	112.1	113.6	0.4	-0.4	-1.2	-1.0	1.3
Nonmanufacturing	18.731	107.0	111.6	-8.5	-0.3	-5.9	-4.8	4.3
Manufacturing	80.068	115.0	115.6	2.5	-0.3	0.0	0.0	0.5
China	100.000	105.2	107.1	-1.4	-0.2	-1.5	-0.2	1.8
Nonmanufacturing	22.134	92.5	97.1	-11.6	-1.0	-6.6	-2.7	5.0
Manufacturing	76.310	111.9	112.6	1.8	0.2	0.3	0.6	0.6
Japan	100.000	110.9	112.8	1.9	-0.3	-1.2	-0.4	1.7
Nonmanufacturing	19.744	113.0	118.9	-2.5	-0.1	-5.8	-3.3	5.2
Manufacturing	79.046	110.4	111.2	3.0	-0.3	0.1	0.5	0.7
Footnotes (1) Relative importance figures are based on 2022 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: October 2023 to October 2024(1) [December 2017=100, unless otherwise noted]

Description	Index		Percent change
	Sep. 2024	Oct. 2024	Annual	Monthly
			Oct. 2023 to Oct. 2024	Jun. 2024 to Jul. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024
Industrialized Countries(2)	102.3	102.6	1.8	0.5	-0.1	-0.2	0.3
Canada	100.1	99.7	4.9	-0.7	2.1	0.9	-0.4
European Union	101.2	102.0	-0.8	1.5	-1.9	-1.7	0.8
Germany	114.4	114.9	5.3	0.3	-0.7	0.0	0.4
Latin America(3)	102.8	104.2	-4.6	1.1	-1.2	-1.2	1.4
Mexico	104.7	107.2	-3.6	-0.3	-1.4	-1.3	2.4
Pacific Rim(4)	107.7	108.9	0.3	-0.5	-1.3	-1.2	1.1
China	104.9	106.9	-0.3	-0.1	-1.5	-0.2	1.9
Japan	104.4	106.0	1.7	-0.3	-1.4	-0.6	1.5
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: October 2023 to October 2024 [2000=100, unless otherwise noted]

Description	Relative import- ance Sep. 2024(1)	Index		Percent change
		Sep. 2024	Oct. 2024	Annual	Monthly
				Oct. 2023 to Oct. 2024	Jun. 2024 to Jul. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024
Air Freight
Import Air Freight	100.000	284.4	270.8	17.9	12.2	2.3	6.6	-4.8
Europe (Dec. 2003=100)	17.256	151.0	162.8	-12.0	6.2	-2.5	-1.6	7.8
Asia	81.832	321.2	296.9	28.6	14.4	3.7	8.3	-7.6
Export Air Freight	100.000	171.0	185.5	8.5	3.8	-1.9	-1.2	8.5
Europe (Dec. 2006=100)	27.323	127.6	133.5	-1.3	14.0	-10.3	-0.5	4.6
Asia (Dec. 2011=100)	49.325	136.1	155.2	16.1	-2.0	3.1	-2.4	14.0
Inbound Air Freight	100.000	187.0	202.7	20.8	5.4	-0.4	4.4	8.4
Europe (Dec. 2003=100)	22.464	129.3	140.4	-2.8	5.7	-4.3	-1.4	8.6
Asia	66.596	198.7	218.8	39.3	6.2	3.4	6.6	10.1
Outbound Air Freight	100.000	166.1	168.2	-6.9	0.1	0.2	-2.4	1.3
Europe (Dec. 2003=100)	35.178	161.5	162.1	-3.7	9.4	-7.4	-0.7	0.4
Asia	43.886	178.5	181.0	-10.9	-7.7	8.0	-4.4	1.4
Air Passenger Fares
Import Air Passenger Fares	100.000	175.2	182.1	2.1	-11.3	-12.4	13.9	3.9
Europe	50.243	204.6	195.9	-4.5	-12.3	-15.9	23.8	-4.3
Asia	11.303	154.0	154.4	-13.0	-11.8	-9.1	2.0	0.3
Latin America/Caribbean	8.959	132.7	144.9	-3.4	-1.0	-8.6	-2.1	9.2
Export Air Passenger Fares	100.000	178.0	179.2	0.3	0.6	-8.1	-1.4	0.7
Europe	38.321	221.5	221.3	-3.2	-1.0	-13.4	2.2	-0.1
Asia	11.297	173.0	168.6	-13.0	1.0	-0.9	-13.0	-2.5
Latin America/Caribbean	31.147	171.7	175.0	-0.1	3.9	-6.1	-1.5	1.9
Footnotes (1) Relative importance figures are based on 2022 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. 

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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