Technical Information: USDL-07-0374 (202) 691-7101 Transmission of This Media contact: Material Is Embargoed (202) 691-5902 Until 8:30 A.M. E.D.T. Internet Address: http://www.bls.gov/mxp Wednesday, March 14, 2007 U.S. IMPORT AND EXPORT PRICE INDEXES - FEBRUARY 2007 - The U.S. Import Price Index rose 0.2 percent in February, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The increase followed a 0.9 percent decline in January and was led by an upturn in petroleum prices. The price index for exports increased for the fourth consecutive month, advancing 0.7 percent in February. Percent changes in import and export price indexes by End Use category -not seasonally adjusted- IMPORTS EXPORTS Month Non- Agri- Nonagri- All Petroleum petroleum All cultural cultural Imports Imports Imports Exports Exports Exports 2006 February -0.8 -1.0 -0.7 0.1 -0.7 0.2 March -0.1 0.6 -0.3 0.2 -0.1 0.2 April 2.1 11.3 0.1 0.7 -0.4 0.7 May 1.8 6.4 0.7 0.7 0.6 0.7 June 0.1 -1.1 0.4 0.7 2.6 0.6 July 0.8 3.6 0.0 0.4 1.9 0.2 August 0.5 1.0 0.5 0.4 0.9 0.5 September -2.2 -11.0 0.1 -0.4 -0.5 -0.4 October -2.5 -10.4 -0.6 -0.3 1.0 -0.5 November 0.4 r -1.6 r 1.0 0.4 4.4 0.1 r December 1.1 4.3 r 0.5 0.6 r 2.3 r 0.5 2007 January -0.9 r -5.3 r -0.1 r 0.4 r 0.6 r 0.3 February 0.2 2.0 -0.1 0.7 2.3 0.6 February 2005-06 6.9 38.8 1.6 2.7 4.6 2.7 February 2006-07 1.3 -2.6 2.1 4.7 16.9 3.7 r = revised to reflect late reports and corrections by respondents. Import Goods Prices for imports increased 0.2 percent in February as a 2.0 percent increase in petroleum prices more than offset a modest decline in nonpetroleum prices. The advance in petroleum prices followed declines in four of the previous five months, and despite the February upturn petroleum prices decreased 2.6 percent over the past year. Nonpetroleum prices recorded a second consecutive 0.1 percent decline in February after rising 0.5 percent and 1.0 percent, respectively, in December and November. The price index for nonpetroleum imports advanced 2.1 percent over the past 12 months while overall import prices advanced 1.3 percent for the same period. Decreases in the price indexes for capital goods and nonpetroleum industrial supplies and materials both contributed to the February decline in nonpetroleum prices. Prices for capital goods fell 0.3 percent, the largest monthly drop for the index since July 2005. The decrease was driven by a 0.9 percent decline in the price index for computers, peripherals, and semiconductors. Led by lower prices for lumber and some metals, nonpetroleum industrial supplies and materials prices edged down 0.1 percent in February. The decrease was tempered by an upturn in natural gas prices. In contrast, automotive vehicles prices and prices for foods, feeds, and beverages increased in February. The price index for automotive vehicles ticked up 0.1 percent, the first change for the index since a 0.2 percent advance in October. Foods, feeds, and beverages prices continued to trend upward, rising 0.2 percent in February. Higher fish prices more than offset declining fruits and vegetables prices. Consumer goods prices were unchanged in February following 0.3 percent increases in each of the previous two months. Export Goods Export prices rose 0.7 percent in February, the largest increase since June 2006, and both agricultural prices and nonagricultural prices contributed to the advance. Agricultural prices increased 2.3 percent for the month and 16.9 percent over the past year. The February advance was primarily led by higher corn and soybeans prices, although rising prices for meat, fish, fruit, and wheat also contributed to the increase. Nonagricultural prices rose 0.6 percent for the month and 3.7 percent for the year ended in February. Overall export prices rose 4.7 percent for the February 2006-2007 period. A 2.1 percent increase for nonagricultural industrial supplies and materials prices was the largest contributor to the rise in nonagricultural prices. The advance was the largest for the index since May 2006 and was driven by higher prices for fuels, metals, and paper. Over the past 12 months, the index rose 9.6 percent. Prices for each of the major finished goods areas recorded little movement in February. Automotive vehicles prices increased a modest 0.1 percent following 0.2 percent advances in each of the previous two months. In contrast, capital goods prices edged down 0.1 percent after increasing 0.2 percent in January. The price index for consumer goods was unchanged in February after a 0.9 percent jump the previous month. Imports by Locality of Origin Import prices from Canada and the European Union each rose 0.2 percent in February. The increase in prices of imports from Canada followed a 1.5 percent decline in January and was led by a fuel-driven 3.4 percent rise in nonmanufactured articles prices, which more than countered a 0.7 percent decline in manufactured articles prices. The index rose 0.3 percent over the past year. The February advance in import prices from the European Union was also impacted by higher fuel prices. Import prices from the European Union rose 4.0 percent for the year ended in February. The price index of imports from Mexico increased 0.6 percent in February and was also led by higher petroleum prices. The February advance follows rises of 0.8 percent in January and 0.2 percent in December. The index increased 5.4 percent over the past 12 months. In contrast, prices of imports from China and from Japan each declined 0.2 percent in February. The decreases were the largest for both indexes since a similar change in October 2006. Import prices from China fell 1.1 percent over the past year, while the price index of imports from Japan declined 0.8 percent for the February 2006-2007 period. Import and Export Services In January, export travel and tourism prices increased 0.4 percent. Higher prices for travelers from Europe, Latin America, and Canada all contributed to the increase. Beginning with this release, monthly price indexes will be published for export travel and tourism. The indexes are published by the country of residence of travelers to the United States and are lagged one month. Import air passenger fares were unchanged in February after declining 2.1 percent the previous month. Export air passenger fares fell 1.8 percent in February. Despite the recent decreases, both indexes rose over the past year, import air passenger fares 7.1 percent and export air passenger fares 3.2 percent. Both import and export air freight prices declined in February, falling 1.1 percent and 1.4 percent, respectively. CONTENTS OF RELEASE This news release includes the following tables: Table 1 U.S. Import Price Indexes, by End Use Table 2 U.S. Export Price Indexes, by End Use Table 3 U.S. Import Price Indexes, by NAICS Table 4 U.S. Export Price Indexes, by NAICS Table 5 U.S. Import Price Indexes, by Harmonized System Table 6 U.S. Export Price Indexes, by Harmonized System Table 7 U.S. Import Price Indexes, by Locality of Origin Table 8 U.S. International Price Indexes for Selected Transportation Services Table 9 U.S. Export Price Indexes for Travel and Tourism Services ------------------------------------------------------------------- Import and Export Price Index data for March 2007 are scheduled for release on April 12 at 8:30 A.M. (E.D.T.). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. END Description 2006 2006 2006 2006 2007 USE January January February to to to to to 2007 2007 2007 Feb. Nov. Dec. Jan. Feb. 1/ 2007 2006 2006 2007 2007 ALL COMMODITIES.......................................... 100.000 114.1 114.3 1.3 0.4 1.1 -0.9 0.2 ALL IMPORTS EXCLUDING PETROLEUM.......................... 83.783 105.6 105.5 2.1 1.0 0.5 -0.1 -0.1 ALL IMPORTS EXCLUDING FUELS (Dec. 2001=100)................................... 81.459 108.4 108.2 2.5 0.1 0.3 0.3 -0.2 0 FOODS, FEEDS, & BEVERAGES.............................. 4.445 124.4 124.7 6.9 0.4 0.8 1.5 0.2 00 Agricultural foods, feeds & beverages, excluding distilled beverages............. 3.379 135.4 135.1 7.7 1.0 1.1 1.3 -0.2 01 Nonagricultural foods (fish, distilled beverages) 1.066 99.8 101.5 4.4 -1.1 -0.2 1.9 1.7 1 INDUSTRIAL SUPPLIES & MATERIALS........................ 34.124 161.8 163.2 1.5 1.1 2.9 -3.1 0.9 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM........................... 17.907 137.0 136.8 5.6 3.9 1.6 -0.9 -0.1 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING FUELS (Dec. 2001=100)............... 15.583 145.5 144.8 8.1 0.3 0.5 0.6 -0.5 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE....................................... 10.065 139.8 138.7 10.1 0.3 0.7 0.4 -0.8 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM................ 7.841 132.6 133.5 0.5 8.9 2.7 -2.8 0.7 10 Fuels & lubricants............................... 18.542 192.8 196.6 -3.3 1.7 4.8 -5.9 2.0 100 Petroleum & petroleum products............... 16.218 196.6 200.6 -2.6 -1.6 4.3 -5.3 2.0 10000 Crude................................ 11.351 197.1 204.6 -0.5 -2.2 4.7 -5.6 3.8 101 Fuels, n.e.s.-coals & gas.................... 1.972 165.2 168.9 -14.0 38.6 9.0 -12.1 2.2 10110 Gas-natural.......................... 1.807 161.2 165.3 -14.7 43.2 10.2 -13.2 2.5 11 Paper & paper base stocks........................ 0.873 111.4 111.1 3.3 0.2 -0.3 -1.3 -0.3 12 Materials associated with nondurable supplies & materials...................... 4.730 124.3 124.5 4.8 0.7 0.1 1.0 0.2 13 Selected building materials...................... 1.964 111.6 110.8 -6.5 -1.2 -0.2 0.9 -0.7 14 Unfinished metals related to durable goods....... 4.607 197.8 197.0 25.2 0.7 1.1 1.0 -0.4 15 Finished metals related to durable goods......... 1.751 127.8 124.5 5.0 0.7 1.6 -1.0 -2.6 16 Nonmetals related to durable goods............... 1.658 101.5 101.5 0.5 0.1 0.0 -0.1 0.0 2 CAPITAL GOODS.......................................... 22.570 91.4 91.1 0.0 0.1 0.1 -0.1 -0.3 20 Electric generating equipment.................... 2.724 104.0 104.0 4.0 0.3 0.1 1.0 0.0 21 Nonelectrical machinery.......................... 18.136 87.7 87.3 -0.8 0.0 0.1 -0.2 -0.5 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............ 1.710 110.1 110.2 3.1 0.2 0.1 0.7 0.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 14.353 104.3 104.4 0.9 0.0 0.0 0.0 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES..................................... 24.508 101.3 101.3 1.4 0.1 0.3 0.3 0.0 40 Nondurables, manufactured........................ 11.329 104.2 104.1 1.2 0.2 0.3 0.8 -0.1 41 Durables, manufactured........................... 11.966 98.2 98.3 1.9 0.1 0.2 -0.1 0.1 42 Nonmanufactured consumer goods................... 1.213 102.1 102.2 0.8 -0.1 0.2 0.2 0.1 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. END Description 2006 2006 2006 2006 2007 USE January January February to to to to to 2007 2007 2007 Feb. Nov. Dec. Jan. Feb. 1/ 2007 2006 2006 2007 2007 ALL COMMODITIES............................................. 100.000 112.9 113.7 4.7 0.4 0.6 0.4 0.7 AGRICULTURAL COMMODITIES.................................... 8.143 138.0 141.2 16.9 4.4 2.3 0.6 2.3 NONAGRICULTURAL COMMODITIES................................. 91.857 111.1 111.8 3.7 0.1 0.5 0.3 0.6 0 FOODS, FEEDS, & BEVERAGES................................. 7.402 138.7 142.6 17.0 4.3 2.1 0.1 2.8 00 Agricultural foods, feeds & beverages, excluding distilled beverages................ 6.723 140.5 144.5 18.8 5.0 2.1 0.1 2.8 01 Nonagricultural foods (fish, distilled beverages)... 0.679 124.3 127.0 2.3 -1.7 1.2 0.3 2.2 1 INDUSTRIAL SUPPLIES & MATERIALS........................... 29.193 140.3 143.1 9.6 0.4 1.5 0.4 2.0 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE.......................................... 11.654 152.7 156.9 17.0 0.8 2.3 1.7 2.8 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE....................................... 17.539 133.6 135.7 5.4 0.2 0.9 -0.6 1.6 10 Agricultural industrial supplies & materials........ 1.420 128.0 127.6 8.9 2.0 3.3 3.1 -0.3 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS.................................. 27.773 141.2 144.1 9.6 0.3 1.4 0.2 2.1 11 Fuels & lubricants.................................. 4.073 177.7 187.0 10.2 1.7 3.3 -4.7 5.2 12 Nonagricultural supplies & materials excluding fuels & building materials......... 22.579 138.4 140.7 9.8 0.0 1.0 1.2 1.7 13 Selected building materials......................... 1.121 111.6 112.0 3.3 0.0 0.8 0.2 0.4 2 CAPITAL GOODS............................................. 40.015 99.0 98.9 0.8 0.1 0.0 0.2 -0.1 20 Electrical generating equipment..................... 3.751 105.8 105.7 1.6 0.1 0.2 -0.4 -0.1 21 Nonelectrical machinery............................. 29.077 92.6 92.5 -0.2 -0.1 0.0 0.0 -0.1 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............... 7.187 120.3 120.5 4.4 0.5 0.3 1.1 0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES...................... 10.709 105.7 105.8 1.5 0.0 0.2 0.2 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES........................................ 12.681 104.9 104.9 2.4 0.0 0.1 0.9 0.0 40 Nondurables, manufactured........................... 6.010 105.3 105.4 2.8 0.1 0.3 1.2 0.1 41 Durables, manufactured.............................. 5.574 103.5 103.2 1.8 -0.1 -0.1 0.7 -0.3 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. NAICS Description 2006 2006 2006 2006 2007 January January February to to to to to 2007 2007 2007 Feb. Nov. Dec. Jan. Feb. 1/ 2007 2006 2006 2007 2007 Nonmanufactured Articles...................................... 15.571 95.5 98.6 -1.1 1.7 4.9 -5.9 3.2 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 1.537 109.9 111.7 17.0 0.2 2.0 2.3 1.6 111 Agricultural products............................. 1.077 111.0 109.8 19.9 1.5 3.9 3.0 -1.1 21 OIL, GAS, MINERALS AND ORES........................... 14.034 94.2 97.4 -2.7 1.8 5.1 -6.6 3.4 212 Minerals and ores (Dec. 2006=100)................. 0.415 101.7 101.6 n.a. n.a. n.a. 1.7 -0.1 Manufactured Articles......................................... 83.844 103.3 102.9 2.1 0.2 0.5 0.1 -0.4 31 MANUFACTURED GOODS, PART 1............................ 10.619 102.1 102.1 1.6 0.1 0.1 0.6 0.0 311 Food and kindred products......................... 2.449 105.9 106.3 4.3 0.4 0.4 1.7 0.4 312 Beverages and tobacco products.................... 0.839 102.5 102.6 2.6 0.0 0.0 0.4 0.1 313 Textiles and fabrics.............................. 0.513 104.3 104.7 4.8 0.1 0.2 0.4 0.4 314 Textile mill products............................. 0.811 100.7 100.7 0.6 -0.1 0.0 0.2 0.0 315 Apparel and accessories........................... 4.468 100.2 100.0 -0.1 0.0 0.0 0.3 -0.2 316 Leather and allied products....................... 1.539 101.2 101.3 1.3 0.0 0.1 0.1 0.1 32 MANUFACTURED GOODS, PART 2............................ 17.702 102.5 101.4 0.2 0.4 1.2 -0.1 -1.1 321 Wood products..................................... 1.258 90.9 89.4 -11.9 -1.5 0.0 1.0 -1.7 322 Paper............................................. 1.414 103.9 103.9 2.6 0.1 -0.1 -1.3 0.0 324 Petroleum and coal products....................... 3.953 95.4 92.6 -9.7 0.1 3.1 -3.5 -2.9 325 Chemicals......................................... 8.067 107.7 107.1 6.3 0.9 1.1 1.5 -0.6 326 Plastics and rubber products...................... 1.757 103.3 103.1 2.8 0.1 0.1 -0.2 -0.2 327 Nonmetallic mineral products...................... 1.141 104.3 104.4 3.9 -0.2 0.1 0.9 0.1 33 MANUFACTURED GOODS, PART 3............................ 55.523 103.8 103.5 2.8 0.1 0.3 0.1 -0.3 331 Primary metals.................................... 5.462 137.4 135.5 26.2 0.8 1.7 1.0 -1.4 332 Fabricated metal products, nesoi.................. 2.609 106.1 105.3 3.3 0.5 0.3 0.6 -0.8 333 Machinery, except electrical...................... 6.897 103.9 104.1 3.1 0.0 0.5 0.8 0.2 334 Computer and electronic products.................. 15.063 96.6 96.1 -3.2 -0.1 0.0 -0.9 -0.5 335 Electrical equipment, appliances, and components.. 3.779 104.8 104.8 4.1 0.2 0.2 1.1 0.0 336 Transportation equipment.......................... 15.111 100.8 100.8 0.9 -0.1 0.1 0.0 0.0 337 Furniture and fixtures............................ 1.530 101.0 101.0 1.0 0.1 0.0 0.3 0.0 339 Miscellaneous manufactured commodities............ 5.073 105.4 105.9 5.1 0.3 0.2 0.1 0.5 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. NAICS Description 2006 2006 2006 2006 2007 January January February to to to to to 2007 2007 2007 Feb. Nov. Dec. Jan. Feb. 1/ 2007 2006 2006 2007 2007 Nonmanufactured Articles...................................... 6.027 111.0 115.0 11.3 10.1 2.3 -2.1 3.6 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 4.414 117.9 121.5 21.1 7.6 2.7 -0.5 3.1 111 Agricultural products............................. 4.005 119.4 123.1 23.0 8.5 2.9 -0.5 3.1 21 OIL, GAS, MINERALS AND ORES........................... 1.613 95.7 100.6 -8.3 17.3 1.0 -6.4 5.1 211 Oil and gas....................................... 0.520 88.8 103.4 11.2 62.7 0.7 -14.4 16.4 212 Minerals and ores................................. 1.093 99.5 99.3 -15.3 3.7 1.2 -2.1 -0.2 Manufactured Articles......................................... 90.831 103.2 103.5 2.7 -0.2 0.3 0.3 0.3 31 MANUFACTURED GOODS, PART 1............................ 6.653 105.2 106.3 6.6 0.3 1.0 1.5 1.0 311 Food and kindred products......................... 4.032 109.2 111.0 11.4 0.6 1.6 2.4 1.6 312 Beverages and tobacco products.................... 0.492 100.9 101.1 1.2 -0.2 0.0 1.2 0.2 313 Textiles and fabrics.............................. 0.984 98.1 98.3 -1.2 0.1 0.0 0.0 0.2 315 Apparel and accessories........................... 0.566 100.1 100.1 0.1 0.0 0.0 0.0 0.0 32 MANUFACTURED GOODS, PART 2............................ 22.225 104.7 105.3 3.8 -0.9 0.6 0.0 0.6 321 Wood products..................................... 0.554 105.8 107.2 6.8 0.6 1.3 -0.3 1.3 322 Paper............................................. 2.120 107.6 108.4 6.5 0.0 0.0 -0.1 0.7 324 Petroleum and coal products....................... 2.266 106.3 109.9 5.5 0.1 6.4 -4.7 3.4 325 Chemicals......................................... 13.959 104.0 104.3 3.3 -1.3 -0.4 0.7 0.3 326 Plastics and rubber products...................... 2.355 103.9 104.1 2.6 -0.2 -0.1 0.6 0.2 327 Nonmetallic mineral products...................... 0.862 105.3 105.9 5.1 0.2 1.6 1.0 0.6 33 MANUFACTURED GOODS, PART 3............................ 61.953 102.4 102.5 1.9 0.1 0.1 0.2 0.1 331 Primary metals.................................... 4.071 117.5 120.0 14.8 0.4 0.5 -0.8 2.1 332 Fabricated metal products, nesoi.................. 2.778 108.4 109.0 5.4 0.3 0.4 0.6 0.6 333 Machinery, except electrical...................... 12.274 103.7 103.8 2.9 0.2 0.1 0.8 0.1 334 Computer and electronic products.................. 17.569 96.7 96.4 -3.0 -0.3 -0.2 -0.6 -0.3 335 Electrical equipment, appliances, and components.. 3.644 103.2 103.3 2.8 0.1 0.3 0.6 0.1 336 Transportation equipment.......................... 16.747 103.2 103.4 2.7 0.2 0.2 0.5 0.2 339 Miscellaneous manufactured commodities............ 4.526 103.1 103.1 3.1 -0.2 -0.2 1.0 0.0 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Feb. Oct. Nov. Dec. Jan. nized Description 2006 2006 2006 2006 2007 System January January February to to to to to 2007 2007 2007 Feb. Nov. Dec. Jan. Feb. 1/ 2007 2006 2006 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.174 120.0 122.4 6.0 -0.8 -0.7 0.8 2.0 02 Meat and edible meat offal.......................... 0.314 141.6 142.6 2.5 0.6 -1.1 0.0 0.7 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.602 97.8 99.7 6.9 -1.9 -0.6 2.3 1.9 II VEGETABLE PRODUCTS........................................ 1.208 129.5 126.3 13.5 2.2 3.3 1.7 -2.5 07 Edible vegetables, roots, and tubers................ 0.340 191.3 186.6 50.7 -0.2 9.6 6.3 -2.5 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.350 88.3 82.4 -2.9 0.9 2.6 -1.8 -6.7 09 Coffee, tea, mate and spices........................ 0.249 138.8 137.1 8.9 4.0 1.3 0.9 -1.2 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.098 121.5 122.0 3.6 0.3 0.3 1.3 0.4 20 Preparations of vegetables, fruit, nuts, or other parts of plants............... 0.271 120.0 120.2 5.2 0.8 0.8 0.3 0.2 22 Beverages, spirits, and vinegar..................... 0.809 110.8 110.9 2.6 0.2 0.0 0.5 0.1 V MINERAL PRODUCTS.......................................... 18.395 191.3 195.4 -3.6 1.6 4.7 -5.9 2.1 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 17.994 190.4 194.4 -3.9 1.6 4.8 -6.1 2.1 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 7.370 121.4 121.1 6.8 0.9 1.3 2.0 -0.2 28 Inorganic chemicals................................. 0.886 190.4 191.1 28.3 3.7 4.5 6.0 0.4 29 Organic chemicals................................... 2.742 124.5 123.7 7.7 1.3 1.3 1.6 -0.6 30 Pharmaceutical products............................. 2.086 108.6 108.3 0.7 0.0 0.7 2.4 -0.3 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty............ 0.185 102.2 101.8 0.8 0.2 0.1 0.5 -0.4 33 Essential oils and resinoids (Dec. 2001=100)........ 0.417 110.1 105.4 -0.8 -0.4 0.2 -0.5 -4.3 38 Miscellaneous chemical products..................... 0.431 94.3 95.5 3.8 -0.7 0.0 -0.1 1.3 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 3.002 120.0 120.5 1.9 -0.3 -0.8 -0.1 0.4 39 Plastics and articles thereof....................... 1.949 117.5 116.8 -0.8 -0.3 -0.8 -0.4 -0.6 40 Rubber and articles thereof......................... 1.053 125.0 127.8 7.1 -0.3 -0.9 0.6 2.2 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.612 105.3 105.4 1.4 -0.1 -0.2 -0.2 0.1 42 Articles of leather; travel goods, bags, etc. of various materials.................... 0.531 105.3 105.4 1.6 -0.1 -0.2 -0.2 0.1 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 1.325 111.8 110.0 -10.9 -1.6 -0.1 0.9 -1.6 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 1.609 108.1 108.1 2.5 0.0 -0.1 -0.9 0.0 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.107 105.0 104.8 0.1 -0.2 -0.1 -1.0 -0.2 49 Printed matter...................................... 0.285 114.7 114.6 1.6 -0.2 -0.1 0.1 -0.1 XI TEXTILE AND TEXTILE ARTICLES.............................. 5.596 101.3 101.3 0.6 0.0 -0.1 0.3 0.0 61 Articles of apparel and clothing accessories, knitted or crocheted............ 2.008 100.3 100.2 0.3 0.1 0.0 0.1 -0.1 62 Articles of apparel and clothing accessories, not knitted or crocheted........ 2.253 100.0 99.8 -0.3 0.0 -0.1 0.7 -0.2 63 Made-up or worn textile articles.................... 0.550 94.3 94.4 0.9 0.0 -0.1 0.0 0.1 XII HEADGEAR, UMBRELLAS, ARTIFICIAL FLOWERS, ETC............................. 1.283 101.3 101.3 1.1 0.1 0.1 0.3 0.0 64 Footwear and parts of such articles................ 1.087 101.5 101.5 0.8 0.0 0.1 0.2 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.994 109.1 108.9 3.2 -0.2 0.0 0.4 -0.2 68 Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100)............ 0.350 102.7 102.7 0.9 -0.3 -1.0 0.6 0.0 69 Ceramic products.................................... 0.312 114.3 114.1 3.8 -0.1 0.6 0.4 -0.2 70 Glass and glassware................................. 0.333 109.4 108.8 4.7 -0.3 0.4 0.2 -0.5 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 2.873 128.4 130.6 16.0 0.4 2.2 0.6 1.7 XV BASE METALS AND ARTICLES OF BASE METAL.................... 6.631 163.4 161.5 16.7 0.7 0.6 0.1 -1.2 72 Iron and steel...................................... 1.479 183.6 186.6 20.3 -1.1 -0.9 0.0 1.6 73 Articles of iron or steel........................... 1.493 126.0 126.1 2.0 0.0 0.1 0.1 0.1 74 Copper and articles thereof......................... 0.851 269.0 236.6 21.5 0.3 -1.2 -5.6 -12.0 76 Aluminum and articles thereof....................... 1.179 148.1 146.8 11.9 1.5 2.6 1.5 -0.9 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.369 107.6 107.7 0.5 0.0 0.1 0.2 0.1 83 Miscellaneous articles of base metal................ 0.495 124.4 125.6 7.9 0.2 1.1 0.2 1.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC................. 25.390 88.1 87.9 -0.2 0.0 0.0 0.0 -0.2 84 Machinery and mechanical appliances; parts thereof.. 13.125 88.6 88.4 0.0 0.1 0.2 0.0 -0.2 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts........ 12.265 87.6 87.4 -0.5 0.0 -0.1 -0.1 -0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 13.127 105.4 105.5 1.0 0.0 0.0 0.0 0.1 87 Motor vehicles and their parts...................... 12.121 104.6 104.7 0.8 0.0 0.0 0.0 0.1 88 Aircraft, spacecraft, and parts thereof (Dec. 2002=100)...................... 0.890 108.1 108.2 2.4 0.3 0.2 0.2 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 3.117 99.7 98.9 -0.6 -0.2 0.2 -0.1 -0.8 90 Optical, photographic, measuring and medical instruments.......................... 2.771 98.1 97.2 -1.3 -0.2 0.1 -0.1 -0.9 91 Clocks and watches and parts thereof................ 0.254 115.5 115.3 5.3 0.0 1.9 0.2 -0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 3.975 101.0 101.0 1.6 0.2 0.2 0.5 0.0 94 Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldg........ 2.256 104.3 104.2 1.2 0.1 0.1 0.2 -0.1 95 Toys, games and sports equipment; parts and accessories thereof...................... 1.498 96.2 96.2 1.6 0.4 0.3 0.3 0.0 96 Miscellaneous manufactured articles................. 0.221 107.8 107.8 5.9 0.0 0.1 5.7 0.0 1 Relative importance figures are based on 2005 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods February 2006-February 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Feb. Oct. Nov. Dec. Jan. nized Description 2006 2006 2006 2006 2007 System January January February to to to to to 2007 2007 2007 Feb. Nov. Dec. Jan. Feb. 1/ 2007 2006 2006 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.454 136.4 141.7 10.7 -1.6 0.5 3.1 3.9 02 Meat & edible meat offal (Dec. 2006=100)............ 0.724 104.3 109.1 n.a. n.a. n.a. 4.3 4.6 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.413 119.9 123.4 -0.2 -2.4 1.2 0.3 2.9 II VEGETABLE PRODUCTS........................................ 4.050 151.5 155.6 25.7 7.9 2.7 -0.5 2.7 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.647 112.8 113.8 3.6 -3.6 6.1 0.0 0.9 10 Cereals............................................. 1.774 167.0 177.2 39.3 13.5 2.3 -4.6 6.1 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder............. 0.986 134.6 144.9 19.4 11.8 0.7 -1.0 7.7 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.296 118.0 118.8 6.5 0.8 0.8 1.7 0.7 21 Miscellaneous edible preparations................... 0.426 110.3 110.3 2.3 0.8 0.0 0.5 0.0 23 Residues and waste from the food industries; prepared animal feed............. 0.493 142.1 145.2 15.8 3.3 4.4 1.8 2.2 V MINERAL PRODUCTS.......................................... 4.161 223.4 230.7 4.7 7.5 3.9 -3.6 3.3 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 3.383 206.3 217.9 9.0 6.6 4.0 -3.4 5.6 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 11.584 124.3 124.6 4.9 -0.8 -0.2 0.3 0.2 28 Inorganic chemicals................................. 1.116 148.0 148.5 9.7 -2.9 -3.0 -2.1 0.3 29 Organic chemicals................................... 3.670 137.7 138.4 6.0 -2.0 -0.5 -0.4 0.5 30 Pharmaceutical products............................. 2.552 113.5 113.4 4.6 0.5 0.9 1.9 -0.1 32 Tanning or dyeing extracts, dyes, paints, varnish, putty, & inks............... 0.605 113.4 113.1 5.3 1.2 1.3 0.7 -0.3 33 Essential oils and resinoids; perfumery, cosmetic or toilet................ 0.693 116.3 116.5 4.2 -0.2 0.3 1.0 0.2 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes........... 0.411 109.7 109.8 2.4 1.4 -1.0 0.3 0.1 38 Miscellaneous chemical products..................... 1.637 114.2 114.3 2.4 0.3 0.4 0.5 0.1 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 5.442 127.9 128.4 0.2 -1.7 -0.4 1.2 0.4 39 Plastics and articles thereof....................... 4.360 123.9 124.6 -0.7 -2.1 -0.5 1.1 0.6 40 Rubber and articles thereof......................... 1.082 144.6 144.4 4.6 0.1 0.0 1.6 -0.1 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.493 124.1 125.5 11.0 1.0 1.8 0.9 1.1 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 0.721 109.2 111.5 5.8 1.1 -0.3 -0.2 2.1 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 2.685 108.1 109.7 7.3 -0.2 0.3 0.7 1.5 47 Woodpulp and recovered paper........................ 0.652 108.6 114.6 22.6 1.1 2.9 2.7 5.5 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.459 107.1 107.4 5.4 -0.3 0.1 0.1 0.3 49 Printed material.................................... 0.573 113.6 113.4 -2.5 -1.5 -1.4 0.3 -0.2 XI TEXTILE AND TEXTILE ARTICLES.............................. 2.483 102.4 102.2 0.2 0.3 0.6 0.3 -0.2 52 Cotton, including yarns and woven fabrics thereof... 0.677 94.8 93.8 -1.3 1.5 2.4 0.4 -1.1 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.802 106.3 108.5 3.8 0.1 1.2 0.8 2.1 70 Glass and glassware................................. 0.435 95.9 95.9 0.9 0.1 0.3 0.1 0.0 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 3.541 158.4 167.1 36.2 0.4 7.6 7.9 5.5 XV BASE METALS AND ARTICLES OF BASE METALS................... 5.841 157.6 159.0 13.2 0.8 0.4 -0.6 0.9 72 Iron and steel...................................... 1.413 178.6 184.5 17.4 -0.6 0.6 -1.0 3.3 73 Articles of iron or steel........................... 1.403 139.8 141.1 6.3 0.3 0.1 0.9 0.9 74 Copper and articles thereof......................... 0.659 229.2 226.0 21.7 2.9 -3.4 -6.9 -1.4 76 Aluminum and articles thereof....................... 1.068 148.5 148.0 14.9 2.1 3.9 -0.1 -0.3 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.411 113.7 113.9 3.5 0.0 0.0 1.2 0.2 83 Miscellaneous articles of base metal................ 0.405 124.7 126.2 5.2 0.1 0.3 0.1 1.2 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC............... 32.352 93.8 93.7 0.1 0.0 0.0 -0.1 -0.1 84 Machinery and mechanical appliances; parts thereof.. 18.576 102.3 102.3 1.3 0.1 -0.1 0.1 0.0 85 Electrical machinery and equipment and parts and accessories thereof............ 13.776 84.5 84.4 -1.3 0.0 0.1 -0.4 -0.1 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 13.956 112.9 113.0 2.0 0.1 0.3 0.3 0.1 87 Motor vehicles and their parts...................... 9.028 105.4 105.4 1.0 0.0 0.2 0.2 0.0 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 6.330 103.6 103.1 1.1 0.0 0.0 1.0 -0.5 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 1.459 103.1 103.1 2.5 0.5 -0.2 1.7 0.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi;........... 0.810 112.6 112.5 5.9 2.3 0.7 1.4 -0.1 95 Toys, games and sports equipment; parts and accessories thereof...................... 0.485 87.5 87.5 -7.4 -2.0 -2.1 -2.1 0.0 1 Relative importance figures are based on 2005 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin February 2006-February 2007 2000=100, unless otherwise noted Index Percent Change Annual Monthly Percentage Feb. Oct. Nov. Dec. Jan. Description of 2006 2006 2006 2006 2007 U.S. January February to to to to to Imports 2007 2007 Feb. Nov. Dec. Jan. Feb. 1/ 2007 2006 2006 2007 2007 2/ Industrialized Countries............................ 44.813 116.2 116.1 1.8 1.3 0.8 -0.5 -0.1 Nonmanufactured Articles....................... 4.582 167.3 172.6 -3.0 9.1 7.4 -9.6 3.2 Manufactured Articles.......................... 39.766 112.0 111.6 2.3 0.6 0.0 0.4 -0.4 3/ Other Countries..................................... 55.204 110.7 112.1 1.1 -0.1 1.1 -1.2 1.3 Nonmanufactured Articles....................... 11.023 185.5 192.0 1.3 -0.9 3.9 -3.1 3.5 Manufactured Articles.......................... 43.982 100.3 100.9 1.0 0.1 0.3 -0.6 0.6 Canada.............................................. 17.052 127.3 127.6 0.3 2.6 1.6 -1.5 0.2 Nonmanufactured Articles....................... 3.871 169.9 175.7 -2.2 12.9 7.5 -9.2 3.4 Manufactured Articles.......................... 12.851 119.6 118.8 0.8 0.2 0.0 0.8 -0.7 4/ European Union...................................... 17.908 121.1 121.3 4.0 -0.1 0.6 0.7 0.2 Nonmanufactured Articles....................... 0.389 180.9 186.4 -13.2 -5.3 1.3 -9.0 3.0 Manufactured Articles.......................... 17.406 119.8 119.8 4.4 0.2 0.6 0.9 0.0 France (Dec. 2003=100).............................. 1.888 107.2 107.3 4.2 -0.1 0.7 1.4 0.1 Germany (Dec. 2003=100)............................. 5.008 106.2 105.8 3.5 -0.1 0.4 0.7 -0.4 United Kingdom (Dec. 2003=100)...................... 2.845 115.1 115.7 -0.1 -0.9 0.3 -0.5 0.5 5/ Latin America....................................... 17.619 135.7 135.9 2.2 -0.4 0.7 -0.7 0.1 Nonmanufactured Articles....................... 4.822 192.0 197.9 4.4 0.2 4.4 -3.0 3.1 Manufactured Articles.......................... 12.721 126.1 124.9 1.2 -0.7 -0.8 0.2 -1.0 Mexico (Dec. 2003=100).............................. 10.163 119.6 120.3 5.4 -0.1 0.2 0.8 0.6 6/ Pacific Rim (Dec. 2003=100)......................... 33.452 98.1 98.1 -0.6 -0.1 0.1 -0.4 0.0 China (Dec. 2003=100)............................... 14.941 97.2 97.0 -1.1 0.1 0.0 -0.1 -0.2 Japan............................................... 8.308 94.0 93.8 -0.8 -0.1 0.0 -0.1 -0.2 7/ Asian NICs.......................................... 6.124 88.6 88.7 -0.1 -0.2 0.1 -0.6 0.1 8/ ASEAN (Dec. 2003=100)............................... 5.993 96.7 97.2 0.2 -0.3 0.0 -1.3 0.5 9/ Asia Near East (Dec. 2003=100)...................... 3.765 164.0 168.4 1.6 -1.1 2.5 -2.4 2.7 1 Percentage of trade figures are based on 2005 trade values. 2 Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa. 3 Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere. 4 Includes European Union countries. 5 Includes Mexico, Central America, South America and the Caribbean. 6 Includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and Asia Newly Industrialized Countries (see footnote 7). 7 Asia Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan. 8 Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. 9 Includes 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 three months after original publication. Regions are not mutually exclusive. n.a. Not available Table 8 U.S. International Price Indexes and Percent Changes for Selected Transportation Services February 2006-February 2007 2000=100, unless otherwise noted Index Percent Change Relative import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. Description 2006 2006 2006 2006 2007 January January February to to to to to 2007 2007 2007 Feb. Nov. Dec. Jan. Feb. 1/ 2007 2006 2006 2007 2007 AIR FREIGHT Import Air Freight................................ 100.000 132.3 130.8 0.8 -2.3 1.0 0.8 -1.1 Europe (Dec. 2003=100)....................... 27.936 130.9 129.1 6.5 -4.3 1.8 2.6 -1.4 Asia......................................... 61.252 115.3 113.9 -2.1 -1.2 0.5 0.2 -1.2 Export Air Freight................................ 100.000 118.3 116.6 2.8 -0.7 0.1 1.4 -1.4 Europe (Dec. 2006=100)....................... 38.814 101.0 100.6 n.a. n.a. n.a. 1.0 -0.4 Inbound Air Freight............................... 100.000 128.0 126.5 1.4 -1.2 0.6 0.6 -1.2 Europe (Dec. 2003=100)....................... 29.805 126.7 125.1 6.6 -2.6 1.1 2.6 -1.3 Asia......................................... 57.493 110.4 109.1 -1.7 -0.5 0.3 -0.2 -1.2 Outbound Air Freight.............................. 100.000 113.1 112.1 -0.8 -1.4 -0.4 -0.6 -0.9 Europe (Dec. 2003=100)....................... 41.715 127.2 126.1 -0.9 -1.5 0.0 -1.3 -0.9 Asia......................................... 40.743 103.8 103.0 -2.1 -1.6 -0.8 -0.3 -0.8 AIR PASSENGER FARES Import Air Passenger Fares........................ 100.000 122.8 122.8 7.1 -3.3 3.3 -2.1 0.0 Europe....................................... 40.825 114.8 118.0 10.3 -4.4 0.1 0.7 2.8 Asia......................................... 25.849 116.6 113.0 4.0 -0.6 18.1 -9.9 -3.1 Latin America/Caribbean...................... 13.898 123.2 123.7 9.8 -0.6 3.2 -0.7 0.4 Export Air Passenger Fares........................ 100.000 141.7 139.1 3.2 -2.6 0.9 3.2 -1.8 Europe....................................... 29.833 165.0 162.6 8.0 -7.1 0.8 1.7 -1.5 Asia......................................... 31.586 114.3 110.5 -5.3 -1.0 0.1 5.5 -3.3 Latin America/Caribbean...................... 21.663 166.3 166.1 12.9 0.3 1.9 5.4 -0.1 Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000 122.2 118.2 6.0 -4.6 1.6 3.1 -3.3 Europe (Dec. 2003=100)....................... 36.880 117.3 116.0 8.0 -8.9 1.6 0.5 -1.1 Asia (Dec. 2003=100)......................... 30.249 112.5 105.2 0.2 -2.6 2.2 4.8 -6.5 Latin America/Caribbean (Dec. 2003=100)...... 14.295 131.4 130.7 13.2 -0.3 1.4 6.4 -0.5 Canada (Dec. 2003=100)....................... 7.841 160.2 159.0 5.6 -0.2 1.5 -2.6 -0.7 Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000 118.7 119.4 8.1 -2.8 1.4 -0.5 0.6 Europe (Dec. 2003=100)....................... 37.534 119.7 122.5 10.0 -4.5 -0.2 1.0 2.3 Asia (Dec. 2003=100)......................... 22.714 107.9 107.2 4.6 -2.5 6.9 -5.8 -0.6 Latin America/Caribbean (Dec. 2003=100)...... 23.491 114.3 114.8 7.6 0.0 0.8 0.4 0.4 Canada (Dec. 2003=100)....................... 6.785 165.7 168.0 16.2 0.0 1.2 -0.1 1.4 CRUDE OIL TANKER FREIGHT 2/ Inbound Crude Oil Tanker Freight.................. 100.000 n.a. n.a. n.a. -2.0 -2.3 n.a. n.a. OCEAN LINER FREIGHT Inbound Ocean Liner Freight....................... 100.000 113.2 113.0 -10.5 0.2 -0.1 -0.7 -0.2 U.S. East Coast.............................. 56.660 118.3 117.1 -7.6 0.3 -0.1 -0.3 -1.0 From Atlantic.......................... 24.887 117.6 116.0 -12.1 -0.8 0.0 -0.3 -1.4 From Pacific........................... 23.211 122.7 121.4 -1.2 1.3 -0.1 0.1 -1.1 U.S. West Coast.............................. 43.340 110.2 111.1 -12.2 0.1 0.0 -1.3 0.8 1 Relative importance figures are based on 2005 trade values. 2 Publication of the Crude Oil Tanker Freight Indexes is lagged two months, as are the relative importance figures. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 9 U.S. Export Price Indexes and Percent Changes for Travel and Tourism Services January 2006-January 2007 December 2006=100, unless otherwise noted Index Percent Change Relative import- Annual Monthly ance Jan. Sept. Oct. Nov. Dec. Description 2006 2006 2006 2006 2006 December December January to to to to to 2006 2006 2007 Jan. Oct. Nov. Dec. Jan. 1/ 2007 2006 2006 2006 2007 Export Travel and Tourism....... 100.000 100.0 100.4 n.a. n.a. n.a. n.a. 0.4 From Europe.................. 39.407 100.0 100.6 n.a. n.a. n.a. n.a. 0.6 From Asia.................... 32.224 100.0 98.9 n.a. n.a. n.a. n.a. -1.1 From Latin America/Caribbean. 15.369 100.0 101.5 n.a. n.a. n.a. n.a. 1.5 From Canada.................. 8.677 100.0 102.9 n.a. n.a. n.a. n.a. 2.9 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are not seasonally adjusted. Price indexes for merchandise goods are reweighted annually, with a two-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 http://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, respectively, by end use for the Bureau of Economic Analysis System, industry for the North American Industry Classification System (NAICS), and product category for the Harmonized System (HS). While classification by end use and product category are self-explanatory, a couple of notes are in order for classifying items by industry. In the NAICS tables, for both imports and exports, items are classified by output industry, not input industry. As an example, NAICS import index 326 (plastics and rubber products) would include outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS classification structure also matches the classification system used by the PPI to produce the NAICS primary products indexes. Import Price Indexes -- Products have been 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 Indexes -- Products have been 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. Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for the Import Price Indexes. Beginning with January 2002, the indexes are defined by locality of origin using a nomenclature based upon the North American Industry Classification System (NAICS). Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are defined as NAICS 31-33. Services Price Indexes -- Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represent transactions between U.S. and foreign residents) and International (which represent transactions inbound to and outbound from the U.S.). The Air Passenger Fares Indexes are calculated from data collected from a commercial airline reservation system. These data exclude frequent flyer tickets and those sold by consolidators. The Crude Oil Tanker Freight Indexes are calculated from data collected by the U. S. Department of Energy, and the publication of these indexes is lagged two months. The Air Freight and Ocean Liner Freight Indexes are calculated from data collected directly from companies. The Travel and Tourism Indexes are calculated from a subset of BLS Consumer Price Index data, and the publication of these indexes is lagged one month. Fact sheets specifying detailed information for each services industry are available at http://www.bls.gov/mxp under "Publications and Other Documentation." Revision Policy -- To reflect the availability of late reports and corrections by respondents, monthly data may be revised in each of the three months after original publication. After three months, no further data revisions take place. So, for example, data released in the January release will be subject to revision in the releases for February, March, and April. 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 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 National Income and Product Accounts, while International indexes are more appropriate for market analysis. Merchandise and services indexes also can be used to study U.S. competitiveness and price elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade analysis. Mailing List -- If you wish to be added to the mailing list to receive a copy of the U.S. Import and Export Price Index News Release, please either call the IPP information line at (202) 691-7101 or send e-mail to (mxpinfo@bls.gov) to provide your name and mailing address. You may also contact the IPP at the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212-0001 The information you provide will be used to register you for delivery of selected publications. The Bureau of Labor Statistics (BLS) is authorized to request this information under 5 United States Code (USC) Section 301. Furnishing such information is voluntary, however, BLS may not be able to register you for the subscription service if you fail to do so. As part of helping us assess the quality of our customer service, BLS may contact subscribers with a customer service survey. In addition, the IPP news release is now available through an e-mail subscription service at (http://www.bls.gov/mxp) or (http://www.bls.gov/bls/newsrels.htm). Additional Information -- More detailed IPP data are available on the IPP home page at (http://www.bls.gov/mxp). To access data using Anonymous FTP, use the Internet address at (ftp://ftp.bls.gov). For technical assistance in using the BLS Internet site, send e-mail to (labstat.helpdesk@bls.gov). For IPP data requests, send e-mail to (mxpinfo@bls.gov). Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.