U.S. Import and Export Price Indexes News Release

Transmission of material in this release is embargoed until                                      USDL-23-2566
8:30 a.m. (ET) Thursday, December 14, 2023

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 - NOVEMBER 2023                              

Prices for U.S. imports decreased 0.4 percent in November following a 0.6-percent decline the previous 
month, the U.S. Bureau of Labor Statistics reported today. Lower fuel prices in November more than offset 
an increase in nonfuel prices. U.S. export prices fell 0.9 percent for the second consecutive month in 
November.

Imports 

U.S. import prices decreased 0.4 percent in November and 0.6 percent in October, the first 1-month declines 
since June 2023. The October decrease was the largest 1-month decline since the index fell 0.8 percent in 
March 2023. Prices for U.S. imports fell 1.4 percent for the year ended in November. (See table 1.)

Fuel Imports: The price index for import fuel declined 5.6 percent in November following a 3.7-percent 
drop in October. The November decrease was the largest monthly decline since the index fell 5.6 percent in 
February 2023. Lower petroleum prices in November more than offset higher natural gas prices. Prices for 
import petroleum declined 7.1 percent in November, after decreasing 3.8 percent the previous month. The 
November drop was the largest 1-month decrease since August 2022. In contrast, natural gas prices rose 
38.3 percent in November, the largest 1-month rise since December 2022. Prices for import fuel declined 
10.3 percent over the past 12 months. Petroleum prices decreased 9.2 percent for the year ended in 
November, and prices for natural gas, despite the November advance, declined 34.8 percent over the same 
period.     

All Imports Excluding Fuel: Prices for nonfuel imports rose 0.2 percent in November, after declining 0.2 
percent in each of the 3 previous months. The November increase was the first 1-month advance since a 0.4-
percent rise in February 2023. Higher prices for foods, feeds, and beverages and nonfuel industrial supplies 
and materials more than offset lower prices for automotive vehicles. Despite the November increase, 
nonfuel import prices declined 0.4 percent over the past year.    

Foods, Feeds, and Beverages: Import foods, feeds, and beverages prices advanced 0.9 percent in November, 
after declining 0.5 percent in October and 0.3 percent in September. Higher prices in November for 
vegetables and fruit more than offset lower prices for fish and shellfish, and meat.    

Nonfuel Industrial Supplies and Materials: The price index for nonfuel industrial supplies and materials 
rose 0.2 percent in November following a 0.6-percent decline the previous month. The November advance 
was the first 1-month increase since February 2023. Higher prices for nonmonetary gold in November drove 
the advance in nonfuel industrial supplies and materials prices.      

Finished Goods: Prices for the major finished goods import categories were mostly unchanged in 
November. Automotive vehicles prices edged down 0.1 percent in November, after increasing 0.3 percent in 
October. The November decline was the first monthly drop since June 2023 and was led by lower prices for 
parts, engines, bodies, and chassis. The price index for capital goods was unchanged in November, after 
declining 0.1 percent the previous month. Prices for consumer goods were unchanged in November 
following a 0.1-percent drop 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
2022
November	-0.8	-3.9	-0.3	-0.4	2.8	-0.9
December	0.1	-2.3	0.4	-3.0	-2.4	-3.1
2023
January	-0.4	-4.8	0.2	0.2	-0.8	0.3
February	-0.2	-5.6	0.4	0.4	0.8	0.3
March	-0.8	-4.4	-0.5	-0.4	-1.8	-0.2
April	0.3	4.6	-0.1	-0.1	0.4	-0.1
May	-0.4	-5.0	0.0	-2.1	-2.3	-2.1
June	-0.2	1.1	-0.3	-0.6	-1.4	-0.5
July	0.0	1.2	-0.1	0.3	0.5	0.4
August	0.6	8.8	-0.2	1.2	(r)-1.9	1.6
September	(r)0.5	6.3	-0.2	0.5	(r)-1.1	(r)0.8
October	(r)-0.6	(r)-3.7	-0.2	(r)-0.9	(r)-1.0	-1.0
November	-0.4	-5.6	0.2	-0.9	0.2	-1.0
Nov. 2021 to 2022	2.7	9.4	2.0	6.1	12.8	5.2
Nov. 2022 to 2023	-1.4	-10.3	-0.4	-5.2	-10.5	-4.5
Footnotes (r) Revised

Exports 

U.S. export prices decreased 0.9 percent in November, after a 0.9-percent decline the previous month. 
Lower prices for nonagricultural exports in November more than offset higher agricultural prices. The price 
index for U.S. exports also declined over the past 12 months, decreasing 5.2 percent from November 2022 
to November 2023. (See table 2.)

Agricultural Exports: The price index for export agricultural goods advanced 0.2 percent in November 
following a 4.1-percent decline over the past 3 months. Higher fruit and soybeans prices in November more 
than offset lower prices for corn, meat, and other foods and food preparations. In spite of the advance, prices 
for agricultural exports declined 10.5 percent for the year ended in November, the largest 12-month drop for 
the index since a 10.7-percent decrease from March 2015 to March 2016.      

All Exports Excluding Agriculture: Nonagricultural export prices decreased 1.0 percent for the second 
consecutive month in November. The declines followed a 2.7-percent increase for the third quarter of 2023. 
Lower prices in November for nonagricultural industrial supplies and materials, capital goods, consumer 
goods, and automotive vehicles more than offset higher nonagricultural food prices. Prices for 
nonagricultural exports decreased 4.5 percent for the year ended in November.   

Nonagricultural Industrial Supplies and Materials: The price index for nonagricultural industrial supplies 
and materials fell 2.2 percent in November, after decreasing 2.4 percent the previous month. Lower fuel 
prices drove the declines for both months, decreasing 5.1 percent in November and 4.3 percent in October. 
The November drop in fuel prices was the largest monthly decline since May 2023. 

Finished Goods: Prices for each of the major finished goods export categories declined in November. 
Consumer goods prices fell 0.2 percent following a 0.4-percent drop in October. Prices for consumer goods 
last rose on a monthly basis in June 2023. The price index for capital goods edged down 0.1 percent in 
November, the first 1-month decline since November 2022. Automotive vehicles prices also declined 0.1 
percent in November, the first monthly decrease since April 2023. The November drop was led by lower 
prices for parts, engines, bodies, and chassis.   

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

Measures of Import and Export Prices by Locality

Imports by Locality of Origin: Prices for imports from China edged down 0.1 percent in November, after 
being unchanged the previous month. Prices for imports from China last increased on a monthly basis in 
October 2022. The price index for imports from China declined 2.9 percent from November 2022 to 
November 2023. In contrast, prices for imports from Japan ticked up 0.1 percent for the third consecutive 
month in November. Import prices from Japan last fell on a monthly basis in May 2023. Prices for imports 
from Japan rose 0.6 percent over the past year. Import prices from Canada declined 2.3 percent in 
November, the largest monthly decrease since a 4.0-percent drop in February 2023. The price index for 
imports from Canada fell 5.7 percent for the year ended November 2023. Import prices from the European 
Union fell 0.3 percent in November and prices for imports from Mexico decreased 0.1 percent over the 
same period. (See table 7.)
	
Exports by Locality of Destination: Export prices to China decreased 1.2 percent in November following a 
0.6-percent drop the previous month. The November decline was the largest monthly decrease since June 
2023. The price index for exports to China fell 5.5 percent over the past 12 months. Prices for exports to 
Japan decreased 2.0 percent in November, the largest monthly drop since May 2023. Export prices to Japan 
fell 10.8 percent for the year ended in November. Export prices to Canada fell 0.4 percent in November, 
after decreasing 0.3 percent in October. The November drop was the largest monthly decline since a 1.7-
percent decrease in May 2023. The price indexes for exports to the European Union and Mexico each fell in 
November, down 1.4 percent and 1.7 percent, respectively. (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 decreased 
1.1 percent in November, after a 0.6-percent decline the previous month. Lower export prices in November 
to China more than offset lower import prices from China. The index for U.S. terms of trade with China fell 
2.7 percent for the year ended in November. U.S. terms of trade with Japan decreased 2.1 percent in 
November following a 0.4-percent increase in October. U.S. terms of trade with Japan declined 11.4 percent 
over the past year. In contrast, the index for U.S. terms of trade with Canada rose 2.0 percent in November, 
the largest monthly increase since February 2023. U.S. terms of trade with the European Union and Mexico 
fell 1.1 percent and 1.5 percent, respectively, in November. (See table 9.)

Import and Export Services

Imports: Import air passenger fares fell 0.4 percent in November, after rising 2.5 percent in October and 9.9 
percent in September. Lower European fares in November more than offset higher Latin 
American/Caribbean and Asian fares. The index for import air passenger fares declined 5.1 percent over the 
past 12 months. Prices for import air freight rose 2.9 percent in November following a 0.6-percent decrease 
the previous month. A 5.0-percent advance in air freight prices from Asia drove the November increase. 
Despite the November rise, import air freight prices declined 8.7 percent over the past year. (See table 10.)

Exports: Export air passenger fares rose 1.3 percent in November, after declining 0.6 percent in October 
and 4.5 percent in September. The November advance was led by higher Latin American/Caribbean fares 
which more than offset lower European fares. In spite of the monthly increase, export air passenger fares 
fell 5.2 percent for the year ended in November. Export air freight prices declined 1.2 percent in November 
following a 4.4-percent drop in October. Lower European and Asian air freight prices each contributed to 
the November decline. Prices for export air freight decreased 11.4 percent from November 2022 to 
November 2023.     
		
U.S. Import and Export Price Index data for December 2023 are scheduled for release on Wednesday, 
January 17, 2024, at 8:30 a.m. (ET).

Table 1. U.S. import price indexes and percent changes for selected categories of goods: November 2022 to November 2023 [2000=100, unless otherwise noted]

Description	End Use	Relative import- ance Oct. 2023(1)	Index		Percent change
			Oct. 2023	Nov. 2023	Annual	Monthly
					Nov. 2022 to Nov. 2023	Jul. 2023 to Aug. 2023	Aug. 2023 to Sep. 2023	Sep. 2023 to Oct. 2023	Oct. 2023 to Nov. 2023
All commodities		100.000	140.2	139.6	-1.4	0.6	0.5	-0.6	-0.4
All imports excluding food and fuels (Dec. 2010=100)		82.975	107.4	107.5	-0.6	-0.3	-0.2	-0.1	0.1
All imports excluding petroleum		90.626	122.9	123.2	-0.6	-0.2	-0.2	-0.2	0.2
All imports excluding fuels (Dec. 2001=100)		90.114	126.7	126.9	-0.4	-0.2	-0.2	-0.2	0.2
Foods, feeds, & beverages	0	7.139	212.8	214.7	3.3	0.6	-0.3	-0.5	0.9
Agricultural foods, feeds & beverages, excluding distilled beverages	00	5.762	237.7	241.4	5.7	0.6	-0.1	-0.2	1.6
Nonagricultural foods (fish, distilled beverages)	01	1.377	153.3	150.2	-5.9	0.7	-1.3	-1.7	-2.0
Industrial supplies & materials	1	24.964	247.4	242.3	-7.2	2.6	2.0	-1.9	-2.1
Industrial supplies & materials excluding petroleum		15.701	196.1	198.1	-6.5	-0.7	-0.9	-0.7	1.0
Industrial supplies & materials excluding fuels (Dec. 2001=100)		15.092	219.6	220.1	-5.3	-1.0	-0.8	-0.6	0.2
Industrial supplies & materials, durable		9.479	212.8	213.6	-3.4	-0.6	-0.8	-1.2	0.4
Industrial supplies & materials nondurable excluding petroleum		6.112	176.9	180.4	-10.5	-0.8	-1.1	0.1	2.0
Fuels & lubricants	10	9.886	307.5	290.2	-10.3	8.8	6.3	-3.7	-5.6
Petroleum & petroleum products	100	9.374	333.0	309.5	-9.2	8.9	7.0	-3.8	-7.1
Crude petroleum	10000	6.144	354.4	324.5	-2.9	8.8	8.3	-1.5	-8.4
Fuels, n.e.s.-coals & gas	101	0.378	156.5	199.2	-30.5	9.5	-5.5	-1.8	27.3
Natural gas	10110	0.272	131.0	181.2	-34.8	13.4	-6.7	-2.7	38.3
Paper & paper base stocks	11	0.518	138.1	139.7	-6.6	-2.4	-2.8	1.4	1.2
Materials associated with nondurable supplies & materials	12	5.082	193.0	192.9	-9.0	-1.5	-0.5	0.2	-0.1
Selected building materials	13	1.721	188.1	184.7	-6.8	0.3	-0.7	-0.9	-1.8
Unfinished metals related to durable goods	14	3.732	307.5	311.1	-5.4	-1.4	-1.2	-1.0	1.2
Finished metals related to durable goods	15	2.282	212.3	214.5	2.2	-0.3	-0.5	-1.7	1.0
Nonmetals related to durable goods	16	1.743	122.2	122.1	-4.1	0.0	-0.4	-1.2	-0.1
Capital goods	2	27.685	93.3	93.3	0.2	-0.1	0.0	-0.1	0.0
Electric generating equipment	20	3.743	129.6	129.7	0.6	0.5	0.0	-0.2	0.1
Nonelectrical machinery	21	22.542	84.2	84.2	-0.1	-0.2	0.0	-0.1	0.0
Transportation equipment excluding motor vehicles (Dec. 2001=100)	22	1.400	152.8	152.7	3.6	-0.4	-0.2	-0.1	-0.1
Automotive vehicles, parts & engines	3	12.932	119.1	119.0	1.6	0.0	0.1	0.3	-0.1
Consumer goods, excluding automotives	4	27.280	109.7	109.7	-0.1	0.0	0.0	-0.1	0.0
Nondurables, manufactured	40	12.767	125.0	125.2	0.6	0.0	-0.1	0.0	0.2
Durables, manufactured	41	13.560	95.1	95.0	-0.4	0.0	-0.1	-0.1	-0.1
Nonmanufactured consumer goods	42	0.953	123.0	123.6	-4.2	-0.7	0.2	-0.2	0.5
Footnotes (1) Relative importance figures are based on 2021 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 2. U.S. export price indexes and percent changes for selected categories of goods: November 2022 to November 2023 [2000=100, unless otherwise noted]

Description	End Use	Relative import- ance Oct. 2023(1)	Index		Percent change
			Oct. 2023	Nov. 2023	Annual	Monthly
					Nov. 2022 to Nov. 2023	Jul. 2023 to Aug. 2023	Aug. 2023 to Sep. 2023	Sep. 2023 to Oct. 2023	Oct. 2023 to Nov. 2023
All commodities		100.000	148.6	147.3	-5.2	1.2	0.5	-0.9	-0.9
Agricultural commodities		10.506	231.3	231.8	-10.5	-1.9	-1.1	-1.0	0.2
All exports excluding food and fuels (Dec. 2010=100)		73.298	113.7	113.7	0.6	0.1	0.1	-0.2	0.0
All exports excluding fuels (June 2022=100)		82.878	98.6	98.6	0.1	-0.1	0.0	-0.2	0.0
Nonagricultural commodities		89.494	142.2	140.8	-4.5	1.6	0.8	-1.0	-1.0
Foods, feeds, & beverages	0	9.580	232.1	232.8	-11.4	-2.3	-1.4	-1.0	0.3
Agricultural foods, feeds & beverages, excluding distilled beverages	00	9.213	234.6	235.3	-11.1	-2.4	-1.4	-1.0	0.3
Nonagricultural foods (fish, distilled beverages)	01	0.367	185.5	186.0	-16.7	-1.2	-2.8	-1.3	0.3
Industrial supplies & materials	1	38.261	200.7	196.3	-12.3	3.8	1.6	-2.3	-2.2
Industrial supplies & materials, durable		10.611	205.3	207.3	-0.5	0.0	0.0	-1.5	1.0
Industrial supplies & materials, nondurable		27.651	196.1	189.4	-16.0	5.3	2.2	-2.7	-3.4
Agricultural industrial supplies & materials	10	1.261	218.6	217.6	-6.0	1.3	0.4	-0.9	-0.5
Nonagricultural industrial supplies & materials		37.000	200.2	195.7	-12.6	3.9	1.6	-2.4	-2.2
Fuels & lubricants	11	17.122	252.2	239.4	-21.4	8.2	3.6	-4.3	-5.1
Nonagricultural supplies & materials excluding fuels & building materials	12	19.065	188.4	188.7	-3.4	0.4	-0.1	-0.7	0.2
Selected building materials	13	0.813	148.8	149.1	-2.4	0.8	0.5	0.5	0.2
Capital goods	2	31.029	121.7	121.6	2.4	0.1	0.1	0.2	-0.1
Electrical generating equipment	20	3.426	136.4	136.4	0.7	-0.4	-0.4	0.1	0.0
Nonelectrical machinery	21	22.700	101.9	101.8	1.7	0.2	0.1	0.2	-0.1
Transportation equipment excluding motor vehicles (Dec. 2001=100)	22	4.903	211.6	211.8	6.7	0.1	0.2	0.0	0.1
Automotive vehicles, parts & engines	3	8.358	126.1	126.0	3.4	0.3	1.0	0.3	-0.1
Consumer goods, excluding automotives	4	12.771	118.6	118.4	1.5	-0.3	-0.3	-0.4	-0.2
Nondurables, manufactured	40	6.758	110.2	109.9	1.4	-0.4	-0.4	-0.2	-0.3
Durables, manufactured	41	4.779	118.9	118.8	2.3	0.0	-0.1	-0.9	-0.1
Nonmanufactured consumer goods (Dec. 2018=100)	42	1.234	127.2	127.2	-0.2	-1.0	-0.8	0.0	0.0
Footnotes (1) Relative importance figures are based on 2021 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 3. U.S. import price indexes and percent changes for selected industries: November 2022 to November 2023 [December 2005=100, unless otherwise noted]

Description	NAICS	Relative import- ance Oct. 2023(1)	Index		Percent change
			Oct. 2023	Nov. 2023	Annual	Monthly
					Nov. 2022 to Nov. 2023	Jul. 2023 to Aug. 2023	Aug. 2023 to Sep. 2023	Sep. 2023 to Oct. 2023	Oct. 2023 to Nov. 2023
Nonmanufacturing		9.096	161.9	156.0	-1.5	6.8	5.9	-1.3	-3.6
Agriculture, forestry, fishing and hunting	11	2.239	222.8	231.0	9.5	1.0	2.0	-1.2	3.7
Crop production	111	1.806	233.6	244.4	9.1	1.1	2.5	-0.7	4.6
Animal production (Dec. 2022=100)	112	0.264	112.3	111.6	-	2.2	-1.9	-3.1	-0.6
Mining	21	6.857	160.3	150.6	-4.9	8.9	7.3	-1.4	-6.1
Oil and gas extraction	211	6.573	159.1	149.2	-5.5	9.2	7.5	-1.4	-6.2
Mining (except oil and gas) (Dec. 2022=100)	212	0.284	114.0	111.5	-	4.3	1.2	2.2	-2.2
Manufacturing		90.582	121.5	121.3	-1.5	0.1	-0.1	-0.4	-0.2
Manufacturing, part 1	31	11.321	137.8	137.7	-0.4	0.1	-0.8	0.0	-0.1
Food manufacturing	311	4.155	184.6	183.9	-1.1	0.3	-2.1	0.2	-0.4
Beverage and tobacco product manufacturing	312	1.184	140.9	141.2	4.9	0.5	0.1	-0.3	0.2
Apparel manufacturing	315	3.197	118.6	118.9	-0.7	-0.2	-0.1	0.0	0.3
Leather and allied product manufacturing	316	1.374	127.4	127.6	0.3	0.0	0.2	0.2	0.2
Manufacturing, part 2	32	19.716	142.0	140.6	-6.6	0.9	0.4	-1.5	-1.0
Paper manufacturing	322	0.958	121.5	122.6	-4.0	-1.2	-1.9	0.9	0.9
Petroleum and coal products manufacturing	324	3.039	140.7	133.8	-19.6	9.1	4.8	-8.6	-4.9
Chemical manufacturing	325	10.984	149.1	148.9	-4.3	-0.7	-0.3	0.2	-0.1
Plastics and rubber products manufacturing	326	2.599	131.8	131.6	-1.3	-0.1	-0.2	-1.2	-0.2
Nonmetallic mineral product manufacturing	327	1.066	144.8	144.4	2.1	-0.2	-0.5	-0.2	-0.3
Manufacturing, part 3	33	59.545	112.1	112.2	0.1	-0.2	-0.1	-0.2	0.1
Primary metal manufacturing	331	4.556	212.5	216.3	-3.2	-1.1	-1.3	-1.5	1.8
Fabricated metal product manufacturing	332	3.269	146.8	146.1	-2.2	-0.3	-0.3	-0.3	-0.5
Machinery manufacturing	333	7.703	131.5	131.5	3.1	0.0	0.1	-0.4	0.0
Computer and electronic product manufacturing	334	16.690	72.5	72.6	-2.0	-0.1	0.0	0.0	0.1
Electrical equipment, appliance, and component manufacturing	335	5.954	127.3	127.1	0.2	0.0	-0.2	-0.2	-0.2
Transportation equipment manufacturing	336	13.136	118.0	117.9	1.6	-0.1	0.1	0.3	-0.1
Furniture and related product manufacturing	337	2.013	129.1	128.8	0.0	-0.4	0.2	-0.1	-0.2
Miscellaneous manufacturing	339	6.223	127.6	127.7	1.4	0.2	-0.2	-0.2	0.1
Footnotes (1) Relative importance figures are based on 2021 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 4. U.S. export price indexes and percent changes for selected industries: November 2022 to November 2023 [December 2005=100, unless otherwise noted]

Description	NAICS	Relative import- ance Oct. 2023(1)	Index		Percent change
			Oct. 2023	Nov. 2023	Annual	Monthly
					Nov. 2022 to Nov. 2023	Jul. 2023 to Aug. 2023	Aug. 2023 to Sep. 2023	Sep. 2023 to Oct. 2023	Oct. 2023 to Nov. 2023
Nonmanufacturing		14.792	176.7	171.8	-20.3	1.3	2.0	-2.4	-2.8
Agriculture, forestry, fishing and hunting	11	5.009	189.5	190.0	-18.1	-4.2	-2.5	-1.8	0.3
Crop production	111	4.687	199.7	200.3	-19.1	-4.5	-2.8	-1.8	0.3
Mining	21	9.783	112.2	107.3	-21.6	4.6	4.4	-2.7	-4.4
Oil and gas extraction (Dec. 2021=100)	211	8.477	100.3	94.9	-23.5	5.8	5.2	-3.3	-5.4
Mining (except oil and gas)	212	1.305	132.9	136.4	-4.9	-2.3	-0.7	1.1	2.6
Manufacturing		83.603	134.2	133.5	-2.2	1.2	0.3	-0.7	-0.5
Manufacturing, part 1	31	6.912	172.4	172.6	-3.8	0.2	0.0	-0.4	0.1
Food manufacturing	311	5.126	203.9	203.9	-4.5	0.3	0.1	-0.5	0.0
Beverage and tobacco product manufacturing	312	0.522	141.0	142.8	-1.4	0.5	0.2	0.1	1.3
Manufacturing, part 2	32	26.411	137.9	135.1	-8.8	3.7	0.8	-1.6	-2.0
Wood product manufacturing (Dec. 2017=100)	321	0.409	116.3	116.9	-2.0	0.5	1.2	0.4	0.5
Paper manufacturing	322	1.542	143.8	142.6	-10.0	0.7	0.8	0.9	-0.8
Petroleum and coal products manufacturing	324	7.051	161.3	151.3	-21.7	14.7	3.1	-6.2	-6.2
Chemical manufacturing	325	14.151	131.8	131.1	-2.8	0.0	-0.3	0.1	-0.5
Plastics and rubber products manufacturing	326	2.296	134.3	134.1	2.1	0.1	0.5	-0.1	-0.1
Nonmetallic mineral product manufacturing	327	0.769	132.5	132.2	2.4	0.2	-0.2	-0.1	-0.2
Manufacturing, part 3	33	50.279	128.6	128.9	2.0	0.0	0.1	-0.2	0.2
Primary metal manufacturing	331	4.041	191.1	196.9	-3.6	-0.5	-0.8	-3.5	3.0
Machinery manufacturing	333	9.610	150.6	150.5	4.6	0.5	0.1	0.1	-0.1
Computer and electronic product manufacturing	334	12.822	83.2	83.1	-1.0	0.0	0.1	0.1	-0.1
Electrical equipment, appliance, and component manufacturing	335	3.550	134.7	134.6	1.2	-0.4	-0.6	0.0	-0.1
Transportation equipment manufacturing	336	12.288	145.6	145.7	4.8	0.2	0.8	0.2	0.1
Miscellaneous manufacturing	339	4.929	138.1	138.1	2.9	-0.4	-0.3	0.0	0.0
Footnotes (1) Relative importance figures are based on 2021 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 5. U.S. import price indexes and percent changes for selected categories of goods: November 2022 to November 2023 [2000=100, unless otherwise noted]

Description	Harmo- nized system	Relative importance Oct. 2023(1)	Index		Percent change
			Oct. 2023	Nov. 2023	Annual	Monthly
					Nov. 2022 to Nov. 2023	Jul. 2023 to Aug. 2023	Aug. 2023 to Sep. 2023	Sep. 2023 to Oct. 2023	Oct. 2023 to Nov. 2023
Live animals; animal products	I	1.519	229.3	222.8	-1.8	1.4	-2.1	-2.1	-2.8
Meat and edible meat offal	02	0.404	321.6	309.0	-1.0	0.1	-3.3	-0.9	-3.9
Fish and crustaceans, molluscs and other aquatic invertebrates	03	0.746	144.2	139.2	-10.8	1.3	-2.1	-2.6	-3.5
Vegetable products	II	2.201	253.2	261.5	6.0	0.6	-0.3	-0.4	3.3
Edible vegetables, roots, and tubers	07	0.610	524.9	551.8	11.7	-0.6	2.7	-2.5	5.1
Edible fruit and nuts; peel of citrus fruit or melons	08	0.831	126.6	131.4	9.2	0.1	1.1	1.8	3.8
Coffee, tea, mate and spices	09	0.389	288.9	295.6	1.6	1.3	-1.4	-1.5	2.3
Animal or vegetable fats and oils (Dec. 2009=100)	III	0.382	147.4	146.6	-4.8	4.1	-2.3	1.1	-0.5
Prepared foodstuffs, beverages, and tobacco	IV	3.389	196.6	198.2	4.0	0.2	-0.2	0.1	0.8
Sugars and sugar confectionary (Dec. 2021=100)	17	0.224	120.3	120.7	12.2	1.0	0.5	2.8	0.3
Cocoa and cocoa preparations (Dec. 2009=100)	18	0.256	127.3	130.9	18.0	1.1	1.0	0.9	2.8
Miscellaneous edible preparations (Dec. 2022=100)	21	0.396	98.9	99.4	-	0.1	-0.2	1.3	0.5
Beverages, spirits, and vinegar	22	1.115	154.5	154.5	4.6	0.4	0.2	-0.3	0.0
Mineral products	V	10.000	315.2	297.6	-10.2	8.8	6.4	-3.7	-5.6
Mineral fuels, oils and residuals, bituminous substances and mineral waxes	27	9.649	308.2	290.6	-10.7	9.1	6.6	-4.0	-5.7
Products of the chemical or allied industries	VI	10.478	170.8	170.6	-2.3	0.0	-0.2	0.2	-0.1
Inorganic chemicals	28	0.597	493.0	498.9	-9.5	-4.3	1.7	-0.5	1.2
Organic chemicals	29	2.371	144.0	144.0	0.4	-0.6	0.6	0.7	0.0
Pharmaceutical products	30	5.212	146.9	147.2	0.7	-0.1	0.0	-0.2	0.2
Fertilizers (Dec. 2022=100)	31	0.339	63.5	61.0	-	10.2	-10.7	1.4	-3.9
Tanning extracts; dye, pigments, varnish, paints & putty (Dec. 2022=100)	32	0.205	102.1	101.1	-	1.9	0.1	-0.9	-1.0
Miscellaneous chemical products	38	0.813	118.1	116.6	-2.9	-0.5	-0.2	0.1	-1.3
Plastics and articles thereof; rubber and articles thereof	VII	4.057	154.4	154.2	-2.3	-1.1	-0.5	-0.5	-0.1
Plastics and articles thereof	39	2.605	152.0	151.6	-5.0	-1.6	-0.8	-0.8	-0.3
Rubber and articles thereof	40	1.452	162.3	162.3	2.9	-0.4	0.1	0.3	0.0
Woodpulp, recovered paper, and paper products	X	0.954	127.6	128.4	-4.3	-1.5	-1.8	0.9	0.6
Textile and textile articles	XI	4.405	120.2	120.5	-0.6	-0.1	-0.1	-0.2	0.2
Articles of apparel and clothing accessories, not knitted or crocheted	62	1.217	126.6	126.6	-0.8	0.1	-0.2	0.1	0.0
Headgear, umbrellas, artificial flowers, etc.	XII	1.204	127.0	127.3	0.2	-0.2	0.1	0.1	0.2
Footwear and parts of such articles	64	0.955	124.0	124.3	0.2	-0.2	0.1	0.2	0.2
Stone, plaster, cement, asbestos, ceramics, glass etc.	XIII	0.929	137.1	136.5	1.9	-0.1	-0.5	-0.2	-0.4
Articles of stone, plaster, cement, asbestos, or mica (Dec. 2020=100)	68	0.340	101.7	101.5	-0.8	0.0	-1.0	-0.2	-0.2
Glass and glassware (Dec. 2021=100)	70	0.326	107.7	107.6	6.6	-0.6	-0.3	-0.3	-0.1
Pearls, stones, precious metals, imitation jewelry, and coins	XIV	3.076	216.7	222.8	0.4	0.9	-0.8	-2.7	2.8
Base metals and articles of base metals	XV	6.076	227.3	226.4	-3.0	-1.2	-1.0	-0.4	-0.4
Articles of iron or steel	73	1.785	195.8	194.1	-4.9	-1.0	-2.0	-0.7	-0.9
Copper and articles thereof	74	0.509	359.3	363.8	2.2	2.2	-3.2	-2.4	1.3
Aluminum and articles thereof	76	1.037	186.4	185.3	1.4	-1.8	0.1	-0.1	-0.6
Tools, implements, cutlery, spoons and forks, of base metal; parts thereof	82	0.444	132.0	131.8	1.9	0.2	-0.2	-0.2	-0.2
Miscellaneous articles of base metal	83	0.532	144.5	143.7	-5.6	-0.2	0.0	-1.4	-0.6
Machinery, electrical equipment, TV image and sound recorders, parts, etc.	XVI	29.814	82.5	82.5	-0.4	0.0	-0.1	0.0	0.0
Machinery and mechanical appliances; parts thereof	84	15.198	89.4	89.3	-0.1	0.0	0.0	-0.3	-0.1
Electrical machinery and equip, sound and TV recorders & reproducers, parts	85	14.616	75.9	76.1	-0.5	-0.1	0.0	0.1	0.3
Vehicles, aircraft, vessels and associated transport equipment	XVII	10.926	122.6	122.6	1.3	-0.1	0.0	0.3	0.0
Motor vehicles and their parts	87	10.412	121.7	121.7	1.3	-0.1	0.1	0.2	0.0
Aircraft, spacecraft, and parts thereof (Dec. 2020=100)	88	0.515	107.2	107.1	-0.6	-0.5	-0.4	0.0	-0.1
Optical, photo, measuring, medical & musical instruments; & timepieces	XVIII	4.158	108.5	108.3	2.7	0.3	0.0	0.0	-0.2
Optical, photographic, measuring and medical instruments	90	3.864	104.0	103.9	2.3	0.2	0.0	0.0	-0.1
Miscellaneous manufactured articles	XX	4.830	120.1	119.8	0.3	0.1	0.1	-0.2	-0.2
Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs	94	2.745	127.4	126.9	-0.5	-0.3	0.1	0.0	-0.4
Toys, games and sports equipment; parts and accessories thereof	95	1.784	106.5	106.4	0.7	0.7	0.1	-0.3	-0.1
Miscellaneous manufactured articles	96	0.301	147.6	147.6	7.0	0.3	-0.1	-0.1	0.0
Footnotes (1) Relative importance figures are based on 2021 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 6. U.S. export price indexes and percent changes for selected categories of goods: November 2022 to November 2023 [2000=100, unless otherwise noted]

Description	Harmo- nized system	Relative import- ance Oct. 2023(1)	Index		Percent change
			Oct. 2023	Nov. 2023	Annual	Monthly
					Nov. 2022 to Nov. 2023	Jul. 2023 to Aug. 2023	Aug. 2023 to Sep. 2023	Sep. 2023 to Oct. 2023	Oct. 2023 to Nov. 2023
Live animals; animal products	I	2.089	262.3	258.8	-7.6	-0.2	0.7	0.9	-1.3
Meat & edible meat offal (Dec. 2006=100)	02	1.325	224.1	219.8	-0.5	0.7	-0.6	1.7	-1.9
Fish and crustaceans, mollusks and aquatic invertebrates (Dec. 2022=100)	03	0.215	75.4	75.6	-	-2.3	-4.2	-1.0	0.3
Vegetable products	II	4.721	248.1	248.3	-18.8	-4.8	-2.8	-2.2	0.1
Edible fruit and nuts; peel of citrus fruit or melons	08	0.798	133.3	140.8	2.9	-1.5	1.2	1.4	5.6
Cereals	10	1.586	257.5	249.6	-30.4	-6.8	-5.2	0.8	-3.1
Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder	12	1.799	263.5	267.9	-15.7	-5.8	-3.2	-6.4	1.7
Prepared foodstuffs, beverages, and tobacco	IV	3.016	185.4	187.2	-1.6	0.4	-0.2	-0.6	1.0
Miscellaneous edible preparations (Dec. 2017=100)	21	0.680	117.8	116.0	5.9	0.5	-0.4	-1.0	-1.5
Beverages, spirits, and vinegar (Dec. 2008=100)	22	0.467	107.6	107.6	0.0	-0.2	-0.6	-0.5	0.0
Residues and waste from the food industries; prepared animal feed	23	0.740	290.4	304.9	-14.7	0.8	-0.6	-0.1	5.0
Mineral products	V	16.902	303.2	287.8	-21.5	8.7	3.8	-4.1	-5.1
Ores, slag and ash (Dec. 2012=100)	26	0.471	125.2	121.8	0.7	2.7	-1.0	1.0	-2.7
Mineral fuels, oils and residuals, bituminous substances and mineral waxes	27	16.210	291.4	276.1	-22.2	9.0	4.0	-4.3	-5.3
Products of the chemical or allied industries	VI	12.676	160.2	159.3	-2.7	-0.6	-0.4	-0.2	-0.6
Pharmaceutical products	30	4.450	107.8	107.7	2.5	-0.2	-0.4	-0.4	-0.1
Essential oils and resinoids; perfumery cosmetic or toilet preparations	33	0.870	148.4	148.4	5.1	-0.3	-0.1	0.0	0.0
Soap; lubricants; waxes, polishing or scouring products; candles, pastes	34	0.497	142.2	141.0	4.1	0.0	-0.1	2.4	-0.8
Miscellaneous chemical products	38	2.314	192.6	192.0	4.5	0.1	-0.2	-0.1	-0.3
Plastics and articles thereof; rubber and articles thereof	VII	4.565	157.7	157.0	-0.4	0.2	0.2	0.4	-0.4
Plastics and articles thereof	39	3.749	154.1	153.3	-1.3	0.2	0.3	0.1	-0.5
Rubber and articles thereof	40	0.817	173.1	172.6	3.5	0.3	-0.2	1.8	-0.3
Wood, wood charcoal, cork, straw, baskets and wickerwork (Dec. 2014=100)	IX	0.465	106.2	106.7	-6.3	1.3	1.0	-0.7	0.5
Woodpulp, recovered paper, and paper products	X	1.710	145.5	144.2	-6.1	1.2	0.4	2.1	-0.9
Woodpulp and recovered paper (Dec. 2019=100)	47	0.501	149.8	149.1	-14.3	3.0	3.7	6.2	-0.5
Paper and paperboard; articles of paper pulp, paper or paperboard	48	0.966	145.4	143.2	-3.4	0.7	-1.0	0.3	-1.5
Cotton, including yarns and woven fabrics thereof	52	0.456	163.3	158.3	-11.9	3.9	0.4	-1.0	-3.1
Stone, plaster, cement, asbestos, ceramics, glass etc.	XIII	0.755	149.0	149.0	2.5	0.2	0.0	0.1	0.0
Glass and glassware (Dec. 2019=100)	70	0.466	114.6	114.6	1.8	0.0	0.0	0.3	0.0
Pearls, stones, precious metals, imitation jewelry, and coins	XIV	4.330	296.0	307.9	-0.2	-0.5	-1.0	-3.1	4.0
Base metals and articles of base metals	XV	4.451	207.4	204.3	-1.4	-0.3	0.4	-1.1	-1.5
Copper and articles thereof	74	0.566	251.1	249.9	2.3	1.9	-0.3	-4.3	-0.5
Aluminum and articles thereof	76	0.667	143.5	143.5	0.5	-0.4	-1.3	2.7	0.0
Miscellaneous articles of base metal (Dec. 2022=100)	83	0.328	104.8	104.8	-	0.0	0.0	1.7	0.0
Machinery, electrical equipment, TV image and sound recorders, parts, etc.	XVI	26.019	106.8	106.7	2.1	0.0	0.1	0.1	-0.1
Machinery and mechanical appliances; parts thereof	84	15.187	131.1	131.1	4.7	0.2	0.1	0.2	0.0
Electrical machinery and equipment and parts and accessories thereof	85	10.832	81.4	81.4	-1.3	-0.2	0.2	-0.2	0.0
Vehicles, aircraft, vessels and associated transport equipment	XVII	9.225	152.5	152.5	2.9	0.3	1.0	0.2	0.0
Motor vehicles and their parts	87	6.979	127.4	127.4	2.5	0.2	1.1	0.3	0.0
Optical, photo, measuring, medical & musical instruments; & timepieces	XVIII	5.670	118.4	118.4	4.0	0.3	0.0	0.1	0.0
Miscellaneous manufactured articles	XX	1.202	134.9	134.1	0.0	-0.4	-0.3	0.0	-0.6
Furniture; stuffed furnishings; lamps and lighting fittings nesoi	94	0.574	147.8	147.8	-0.7	0.0	-0.6	0.0	0.0
Toys, games and sports equipment; parts and accessories thereof	95	0.490	117.9	117.8	3.8	0.1	0.0	0.1	-0.1
Footnotes (1) Relative importance figures are based on 2021 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: November 2022 to November 2023 [2000=100, unless otherwise noted]

Description	Relative import- ance Oct. 2023(1)	Index		Percent change
		Oct. 2023	Nov. 2023	Annual	Monthly
				Nov. 2022 to Nov. 2023	Jul. 2023 to Aug. 2023	Aug. 2023 to Sep. 2023	Sep. 2023 to Oct. 2023	Oct. 2023 to Nov. 2023
Industrialized Countries(2)	100.000	146.2	145.0	-0.7	1.2	0.3	-0.5	-0.8
Nonmanufacturing	12.227	277.4	264.2	-1.8	9.5	6.0	-1.5	-4.8
Manufacturing	87.266	135.9	135.6	-0.5	0.1	-0.3	-0.4	-0.2
Canada	100.000	178.6	174.5	-5.7	3.1	1.4	-0.8	-2.3
Nonmanufacturing	33.861	273.5	260.6	-2.4	10.1	6.2	-1.7	-4.7
Manufacturing	65.275	156.3	154.7	-7.4	-0.1	-0.9	-0.3	-1.0
European Union	100.000	155.1	154.6	2.4	0.3	-0.4	-0.4	-0.3
Manufacturing	99.167	150.8	150.3	2.5	0.3	-0.4	-0.5	-0.3
France (Dec. 2003=100)	100.000	149.9	149.7	5.3	0.6	-0.8	-0.9	-0.1
Germany (Dec. 2003=100)	100.000	122.8	123.1	-2.1	0.0	-0.6	-1.0	0.2
United Kingdom (Dec. 2003=100)	100.000	137.0	136.5	3.2	0.2	0.9	-0.4	-0.4
Latin America(3)	100.000	171.7	171.6	0.7	-0.1	0.9	-0.1	-0.1
Nonmanufacturing	14.905	347.6	339.6	0.0	3.4	4.5	-0.6	-2.3
Manufacturing	84.800	137.4	137.9	1.0	-0.8	0.3	0.0	0.4
Mexico (Dec. 2003=100)	100.000	146.2	146.0	3.1	0.5	0.2	-0.4	-0.1
Nonmanufacturing (Dec. 2008=100)	9.373	181.1	174.8	8.6	2.0	-1.5	-3.4	-3.5
Manufacturing (Dec. 2008=100)	90.338	99.4	99.6	2.8	0.2	0.4	-0.1	0.2
Pacific Rim (Dec. 2003=100)(4)	100.000	102.7	102.5	-1.8	0.0	0.0	-0.1	-0.2
China (Dec. 2003=100)	100.000	101.5	101.4	-2.9	0.0	-0.2	0.0	-0.1
Japan	100.000	101.5	101.6	0.6	0.0	0.1	0.1	0.1
Taiwan (Dec. 2018=100)	100.000	110.0	109.9	-1.2	0.1	-0.1	0.5	-0.1
Asian NICs(5)	100.000	95.7	95.3	-3.3	0.6	0.0	-0.2	-0.4
ASEAN (Dec. 2003=100)(6)	100.000	101.2	100.9	-2.5	-0.3	-0.1	0.0	-0.3
Asia Near East (Dec. 2003=100)(7)	100.000	225.0	215.4	-9.8	4.3	1.1	-0.4	-4.3
Footnotes (1) Relative importance figures are based on 2021 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: November 2022 to November 2023 [December 2017=100, unless otherwise noted]

Description	Relative import- ance Oct. 2023(1)	Index		Percent change
		Oct. 2023	Nov. 2023	Annual	Monthly
				Nov. 2022 to Nov. 2023	Jul. 2023 to Aug. 2023	Aug. 2023 to Sep. 2023	Sep. 2023 to Oct. 2023	Oct. 2023 to Nov. 2023
Industrialized Countries(2)	100.000	120.1	119.5	-1.2	0.9	0.6	-0.8	-0.5
Nonmanufacturing	13.165	145.4	138.8	-9.6	3.8	3.1	-1.8	-4.5
Manufacturing	85.125	117.5	117.5	0.2	0.4	0.3	-0.6	0.0
Canada	100.000	128.6	128.1	-0.7	0.7	0.7	-0.3	-0.4
Nonmanufacturing (Dec. 2020=100)	7.896	139.1	137.6	-15.0	3.1	2.0	-0.3	-1.1
Manufacturing (Dec. 2020=100)	90.483	120.2	119.6	0.4	0.4	0.6	-0.2	-0.5
European Union	100.000	118.7	117.0	-1.7	0.7	1.0	-0.8	-1.4
Nonmanufacturing	16.467	147.8	136.8	-6.6	5.5	7.0	-4.6	-7.4
Manufacturing	81.871	113.8	113.6	-0.4	-0.2	-0.2	0.1	-0.2
Germany	100.000	116.6	117.1	3.3	0.3	0.0	-1.1	0.4
Latin America(3)	100.000	124.9	122.8	-9.5	2.9	1.1	-1.4	-1.7
Nonmanufacturing	9.218	142.0	136.9	-29.4	-0.3	0.4	1.6	-3.6
Manufacturing	90.206	124.0	122.1	-6.9	3.3	1.1	-1.6	-1.5
Mexico	100.000	125.0	122.9	-6.5	1.9	0.4	-0.9	-1.7
Nonmanufacturing	8.148	125.1	120.9	-30.6	-2.4	-0.9	4.9	-3.4
Manufacturing	91.284	126.1	124.0	-3.7	2.4	0.5	-1.3	-1.7
Pacific Rim(4)	100.000	113.1	111.9	-5.6	0.4	0.3	-0.7	-1.1
Nonmanufacturing	21.402	121.9	115.1	-19.2	1.6	1.1	-2.1	-5.6
Manufacturing	77.494	112.7	112.8	-0.6	0.1	0.0	-0.2	0.1
China	100.000	108.4	107.1	-5.5	-0.4	0.6	-0.6	-1.2
Nonmanufacturing	27.613	109.8	106.1	-14.4	-0.5	0.7	-2.2	-3.4
Manufacturing	71.349	110.4	109.9	-1.4	-0.4	0.5	0.2	-0.5
Japan	100.000	110.7	108.5	-10.8	-0.1	-0.2	0.5	-2.0
Nonmanufacturing	24.529	121.7	113.8	-28.2	0.3	-1.4	3.0	-6.5
Manufacturing	74.429	108.0	107.5	-2.5	-0.4	0.3	-0.4	-0.5
Footnotes (1) Relative importance figures are based on 2021 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: November 2022 to November 2023(1) [December 2017=100, unless otherwise noted]

Description	Index		Percent change
	Oct. 2023	Nov. 2023	Annual	Monthly
			Nov. 2022 to Nov. 2023	Jul. 2023 to Aug. 2023	Aug. 2023 to Sep. 2023	Sep. 2023 to Oct. 2023	Oct. 2023 to Nov. 2023
Industrialized Countries(2)	100.5	100.9	-0.5	-0.2	0.2	-0.4	0.4
Canada	94.6	96.5	5.3	-2.4	-0.6	0.4	2.0
European Union	103.0	101.9	-4.0	0.3	1.5	-0.3	-1.1
Germany	109.3	109.5	5.5	0.3	0.6	-0.1	0.2
Latin America(3)	108.3	106.6	-10.1	3.0	0.2	-1.4	-1.6
Mexico	110.3	108.6	-9.3	1.5	0.2	-0.5	-1.5
Pacific Rim(4)	108.4	107.4	-3.9	0.4	0.3	-0.6	-0.9
China	106.9	105.7	-2.7	-0.4	0.7	-0.6	-1.1
Japan	104.2	102.0	-11.4	-0.1	-0.3	0.4	-2.1
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: November 2022 to November 2023 [2000=100, unless otherwise noted]

Description	Relative import- ance Oct. 2023(1)	Index		Percent change
		Oct. 2023	Nov. 2023	Annual	Monthly
				Nov. 2022 to Nov. 2023	Jul. 2023 to Aug. 2023	Aug. 2023 to Sep. 2023	Sep. 2023 to Oct. 2023	Oct. 2023 to Nov. 2023
Air Freight
Import Air Freight	100.000	229.6	236.3	-8.7	-8.3	4.1	-0.6	2.9
Europe (Dec. 2003=100)	24.476	185.1	178.7	-30.2	4.1	-7.7	-0.3	-3.5
Asia	75.060	230.9	242.5	0.8	-12.9	9.1	-0.4	5.0
Export Air Freight	100.000	171.8	169.7	-11.4	2.0	1.0	-4.4	-1.2
Europe (Dec. 2006=100)	25.535	136.0	132.0	-10.0	0.3	1.1	-5.8	-2.9
Asia (Dec. 2011=100)	53.081	135.2	134.8	-13.3	2.8	0.8	-5.4	-0.3
Inbound Air Freight	100.000	166.4	169.3	-12.9	-3.4	3.7	-0.3	1.7
Europe (Dec. 2003=100)	27.031	144.5	142.8	-16.9	6.1	-6.4	-3.0	-1.2
Asia	60.805	155.1	162.4	-10.8	-8.3	10.1	-1.3	4.7
Outbound Air Freight	100.000	182.7	171.6	-12.1	-0.1	8.0	1.3	-6.1
Europe (Dec. 2003=100)	27.668	169.1	164.6	-14.0	-0.8	0.9	-2.6	-2.7
Asia	56.670	207.8	188.9	-10.8	0.1	13.0	4.9	-9.1
Air Passenger Fares
Import Air Passenger Fares	100.000	178.3	177.5	-5.1	-14.1	9.9	2.5	-0.4
Europe	46.507	205.2	189.7	-4.5	-18.4	17.7	-0.8	-7.6
Asia	5.836	177.4	177.8	-2.6	-11.0	3.1	3.8	0.2
Latin America/Caribbean	15.288	150.0	157.9	-6.6	-9.9	-2.8	8.2	5.3
Export Air Passenger Fares	100.000	178.6	181.0	-5.2	-8.8	-4.5	-0.6	1.3
Europe	21.930	228.7	210.4	-3.5	-13.0	0.8	-3.8	-8.0
Asia	11.882	193.7	198.8	-8.4	0.2	-10.8	-2.9	2.6
Latin America/Caribbean	52.557	175.1	183.6	-4.4	-9.7	-4.3	0.5	4.9
Footnotes (1) Relative importance figures are based on 2021 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

                                                TECHNICAL NOTE                                                

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

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

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

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

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

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

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

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

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

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

Email Subscription - The U.S. import and export price indexes news release is available through an 
email subscription service at www.bls.gov/bls/list.htm. 
 
Additional Information - More detailed data are available on the Import/Export Price Indexes home 
page at www.bls.gov/mxp. For import and export price indexes data requests, send an email to 
mxpinfo@bls.gov.   

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