Technical Information Bill Alterman (202) 606-7108 USDL-97-97 Jim Thomas (202) 606-7155 For release: 10:00 A.M. E.S.T. Media contact: Friday, March 21, 1997 Kathryn Hoyle (202) 606-5902 Internet Address: http://stats.bls.gov/ipphome.htm Note: Beginning with the release of January 1997 indexes, there were several changes in the construction of the import and export price indexes. See page 4 for more details. U.S. IMPORT AND EXPORT PRICE INDEXES -FEBRUARY 1997- The U.S. Import Price Index decreased 0.7 percent in February, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decline followed a 0.2 percent decrease in January and was attributable to a sharp drop in petroleum prices. The U.S. Export Price Index edged up 0.1 percent in February after advancing 0.2 percent in the previous month. 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 1996 February -0.2 -1.4 -0.1 -0.2 -0.2 -0.2 March 0.6 8.6 -0.2 -0.2 1.4 -0.3 April 0.9 8.5 -0.1 0.6 4.8 0.0 May -0.7 -3.7 -0.3 0.4 3.1 -0.1 June -1.1 -5.8 -0.4 -0.2 -2.2 0.1 July -0.1 1.9 -0.4 -0.5 -1.9 -0.2 August 0.1 2.2 -0.1 -0.2 -0.2 -0.2 September 1.2 7.5 0.4 -0.8 -7.3 0.2 October 0.5 7.1 -0.3 -0.2 -2.6 0.0 November -0.2 -0.8 -0.1 -0.4 -2.3 0.0 December 0.3 r 2.0 r 0.1 0.0 -0.9 0.1 1997 January -0.2 r 1.4 r -0.4 0.2 0.1 0.1 February -0.7 -7.2 0.1 0.1 2.2 -0.1 Feb. 1995-96 1.6 5.4 1.3 2.2 18.6 0.2 Feb. 1996-97 0.6 21.9 -1.7 -1.2 -6.2 -0.4 r = revised to reflect late reports and corrections by respondents. Import Goods Led by a turnaround in petroleum prices in February, the import price index dropped for the third time in fourth months. Petroleum prices fell 7.2 percent in February after advancing 1.4 percent in January and 2.0 percent in December. In contrast, the index for nonpetroleum imports posted a modest 0.1 percent rise in February after dipping 0.4 percent in the previous month. Overall import prices rose 0.6 percent during the past year, attributable to the 21.9 percent advance in petroleum prices during that period. Nonpetroleum prices, however, fell 1.7 percent during the past 12 months. The turnaround in the price index for nonpetroleum imports last month was primarily attributable to a 1.8 percent increase in prices for imported foods, feeds, and beverages. Higher coffee prices led the increase in the index for foods, feeds, and beverages. In addition, the index for industrial supplies and materials, excluding petroleum, up 0.7 percent, rose for the fourth month in a row. A price increase for imported consumer goods, which rose 0.2 percent, also contributed to the increase and was due primarily to a seasonal jump in flower prices. In contrast, a 0.6 percent drop in prices for imported capital goods marked the fifth decline in a row. This series has moved lower in 14 out of the past 15 months. During the past 12 months, capital good prices have decreased 5.6 percent. Prices for imported automobiles were unchanged both for the month and for the year ended in February. Export Goods The increase in export prices in February was attributable to a 2.2 percent advance in the index for agricultural exports. The jump in agricultural prices, the largest since May, followed a half year of generally falling prices. The February increase was primarily led by an upturn in corn and soybean prices. In the year ended in February, export prices overall declined 1.2 percent, and agricultural prices dropped 6.2 percent. In contrast, the index for nonagricultural prices continued to register little movement, edging down 0.1 percent in February after rising 0.1 percent in each of the two preceding months. During the 12 months ended in February, the index fell 0.4 percent. The index for capital goods, the largest component of exports, edged down 0.1 percent in February after rising 0.2 percent in the preceding month. The index for industrial supplies and materials also rose 0.1 percent in February, after advancing 0.2 percent in each of the previous two months. The indexes for consumer goods and automotive vehicles were both unchanged in February following small increases in January. Imports by Locality of Origin Import prices from Japan fell 0.8 percent in February, matching the decrease in September 1995 that was largest since January 1993 when the index was first published monthly. (See table 7.) The index was down 5.0 percent over the last 12 months, reflecting the strength of the dollar against the yen. Prices of goods imported from Canada fell 1.4 percent in February after rising in the prior five months. The index declined 0.3 percent for the year ended in February. Import prices from the European Union also fell, decreasing 0.6 percent in February. Over the past 12 months, however, this index edged up 0.2 percent. The price index for imports from the Asian Newly Industrialized Countries declined for the fourth consecutive month in February, down 0.2 percent. Over the past 12 months, the index was down 3.6 percent. CONTENTS OF RELEASE This news release includes the following tables: Table 1 Import Price Indexes, by End Use.....page 5 Table 2 Export Price Indexes, by End Use.....page 6 Table 3 Import Price Indexes, by SITC.....pages 7-8 Table 4 Export Price Indexes, by SITC.....pages 9-10 Table 5 Import Price Indexes, by Harmonized System.....pages 11-12 Table 6 Export Price Indexes, by Harmonized System.....pages 13-14 Table 7 Import Price Indexes, by Locality of Origin.....page 15 Table 8 U.S. Import and Export Price Indexes for Services.....page 16 Table 9 U.S. International Price Indexes for Services.....page 17 ------------------------------------------------------------------- Import and Export Price Index data for March are scheduled for release on April 22 at 10:00 a.m. (EDT). Announcement of Changes in the U.S. Import and Export Price Indexes Beginning with the release of January 1997 data, the Bureau of Labor Statistics made several changes to the U.S. Import and Export Price Indexes. First, all price indexes were re-weighted to 1995 trade weights. Second, the indexes were rebased from 1990=100 to 1995=100. Third, the aggregation structure below the published level was modified to incorporate the use of sampling weights in the estimator. The current practice is to update the weights in these price indexes every five years. The new weights are based on U.S. export and import shipment values for calendar 1995 (as reported by the U.S. Bureau of the Census) and will be used in the calculation of indexes from January 1997 forward. In addition, as a result of shifts in trade patterns, there also are minor changes in the publication structure. In keeping with the policy of using a reference base that is the same as the weight base, all indexes were rebased to 1995=100. This impacts the level of the published indexes prior to January 1997 that previously used 1990=100; however, it should not (except for rounding) cause any differences in the published percent changes between different time periods. The index estimation methodology was modified to incorporate the use of sampling weights at the item level. Previously, price relatives for individual items were averaged using equal weights in the construction of what is referred to as the elementary aggregation. Under the new structure, items are averaged using sampling weights. These weights are primarily based on the value of exports (or imports) for a given company in a specific product category. As a result, item weights will more properly represent their true share of the market. This change affects the construction of data from January 1997 forward. More detailed information will be available in a forthcoming article in the Monthly Labor Review. For further information, please contact Jim Thomas at (202) 606-7155. Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, February 1996-February 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. END Description 1996 1996 1996 1996 1997 USE January January February to to to to to 1997 1997 1997 Feb. Nov. Dec. Jan. Feb. 1/ 2/ 1997 1996 1996 1997 1997 ALL COMMODITIES 100.000 101.7 101.0 0.6 -0.2 0.3 -0.2 -0.7 ALL IMPORTS EXCLUDING PETROLEUM 89.506 98.3 98.4 -1.7 -0.1 0.1 -0.4 0.1 0 FOODS, FEEDS, & BEVERAGES 4.458 96.8 98.5 -0.2 -0.5 -1.1 0.0 1.8 00 Agricultural foods, feeds & beverages, excluding distilled beverages 3.211 95.7 97.6 -1.9 -0.7 -1.9 0.0 2.0 01 Nonagricultural foods (fish, distilled beverages) 1.247 99.4 100.7 4.1 0.1 1.0 -0.2 1.3 1 INDUSTRIAL SUPPLIES & MATERIALS 28.708 111.3 108.9 7.6 -0.2 1.1 1.2 -2.2 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.214 99.7 100.4 0.2 0.4 0.7 1.0 0.7 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.344 98.0 98.7 0.0 0.0 -0.1 0.3 0.7 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.870 101.5 102.1 0.4 0.9 1.5 1.8 0.6 10 Fuels & lubricants 12.048 139.6 131.7 26.4 -0.1 2.7 3.3 -5.7 100 Petroleum & petroleum products 10.495 136.6 126.8 21.9 -0.8 2.0 1.4 -7.2 10000 Crude 8.412 137.9 127.4 24.1 -1.7 1.7 1.8 -7.6 11 Paper & paper base stocks 1.662 79.5 78.9 -24.5 -1.7 -1.8 -1.7 -0.8 12 Materials associated with nondurable supplies & materials 5.848 97.0 97.0 -1.5 0.0 0.0 -0.6 0.0 13 Selected building materials 2.085 111.1 114.2 14.7 2.0 -1.6 0.7 2.8 14 Unfinished metals associated with durable goods 4.199 93.0 93.6 -4.0 -0.9 0.7 0.6 0.6 15 Finished metals associated with durable goods 1.405 97.9 97.7 -1.4 -0.5 -0.3 -0.7 -0.2 16 Nonmetals associated with durable goods 1.461 97.9 97.2 -3.8 0.0 0.5 -0.4 -0.7 2 CAPITAL GOODS 28.493 94.5 93.9 -5.6 -0.4 -0.2 -1.7 -0.6 20 Electric & electrical generating equipment 3.281 98.9 98.7 -2.0 -0.3 -0.1 0.0 -0.2 21 Nonelectrical machinery 23.598 92.7 92.1 -7.0 -0.7 -0.2 -2.0 -0.6 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 17.007 100.7 100.7 0.0 -0.1 0.2 -0.1 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 21.334 100.0 100.2 -0.5 -0.1 0.0 -0.1 0.2 40 Nondurables, manufactured 10.420 100.6 100.7 0.0 0.0 -0.2 0.1 0.1 41 Durables, manufactured 9.854 99.2 98.9 -1.5 -0.2 0.0 -0.4 -0.3 42 Nonmanufactured consumer goods 1.060 101.5 107.5 3.8 -0.4 1.6 0.5 5.9 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for November and December 1996 and January 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, February 1996-February 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. END Description 1996 1996 1996 1996 1997 USE January January February to to to to to 1997 1997 1997 Feb. Nov. Dec. Jan. Feb. 1/ 2/ 1997 1996 1996 1997 1997 ALL COMMODITIES 100.000 99.5 99.6 -1.2 -0.4 0.0 0.2 0.1 AGRICULTURAL COMMODITIES 11.074 101.4 103.6 -6.2 -2.3 -0.9 0.1 2.2 NONAGRICULTURAL COMMODITIES 88.925 99.2 99.1 -0.4 0.0 0.1 0.1 -0.1 0 FOODS, FEEDS, & BEVERAGES 9.937 102.4 104.5 -6.9 -1.9 -1.2 -0.3 2.1 00 Agricultural foods, feeds & beverages, excluding distilled beverages 9.162 103.1 105.9 -7.6 -2.3 -1.2 -0.3 2.7 01 Nonagricultural foods (fish, distilled beverages) 0.775 96.2 91.9 0.1 2.4 -0.1 -1.2 -4.5 1 INDUSTRIAL SUPPLIES & MATERIALS 26.426 95.2 95.3 -1.4 -0.5 0.2 0.2 0.1 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 10.195 96.0 96.4 -2.3 -0.4 0.6 0.0 0.4 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 16.230 94.6 94.6 -0.8 -0.6 -0.1 0.3 0.0 10 Agricultural industrial supplies & materials 1.912 95.8 95.6 0.1 -2.5 0.6 2.0 -0.2 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 24.514 95.1 95.3 -1.5 -0.4 0.2 0.0 0.2 11 Fuels & lubricants 2.647 114.7 111.2 5.5 0.2 0.5 -0.1 -3.1 12 Nonagricultural supplies & materials excluding fuels & building materials 20.163 91.8 92.3 -3.2 -0.7 0.2 0.0 0.5 13 Selected building materials 1.704 98.2 98.6 0.7 0.6 0.2 0.3 0.4 2 CAPITAL GOODS 42.495 100.7 100.6 -0.2 0.0 0.0 0.2 -0.1 20 Electric & electrical generating Equipment 4.373 100.6 100.4 -0.3 -0.1 0.1 0.0 -0.2 21 Nonelectrical machinery 32.743 98.8 98.6 -1.6 -0.2 -0.1 0.2 -0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 9.778 101.7 101.7 0.7 0.2 0.0 0.2 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 11.363 101.9 101.9 0.9 0.0 0.2 0.1 0.0 40 Nondurables, manufactured 6.392 101.5 101.5 0.6 -0.1 0.2 -0.1 0.0 41 Durables, manufactured 4.866 101.6 101.7 1.0 0.0 0.0 0.3 0.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for November and December 1996 and January 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, February 1996-February 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. SITC Description 1996 1996 1996 1996 1997 Rev. 3 January January February to to to to to 1997 1997 1997 Feb. Nov. Dec. Jan. Feb. 1/ 2/ 1997 1996 1996 1997 1997 ALL COMMODITIES 100.000 101.7 101.0 0.6 -0.2 0.3 -0.2 -0.7 0 FOOD AND LIVE ANIIALS 3.702 94.6 97.2 0.6 -0.9 -2.0 0.0 2.7 01 Meat and meat preparations 0.323 97.6 97.7 4.2 -0.3 -3.3 -1.3 0.1 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 0.937 98.7 100.6 5.9 0.1 1.2 0.4 1.9 05 Vegetables and fruit, prepared fresh or dried 1.028 101.5 103.2 -1.6 -2.7 -4.7 -0.3 1.7 07 Coffee, tea, cocoa, spices and manufactures thereof 0.523 77.7 86.0 -0.7 -0.3 -2.8 3.6 10.7 0R 3/ Other food and live animals (9612=100) 0.891 98.4 99.3 n.a. n.a. n.a. -1.6 0.9 1 BEVERAGES AND TOBACCO 0.796 105.6 106.6 4.4 0.1 0.2 0.4 0.9 11 Beverages 0.674 102.9 102.9 1.8 0.1 0.3 0.0 0.0 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 2.889 97.1 101.7 2.1 1.0 -0.1 0.8 4.7 23 Crude rubber (including synthetic and reclaimed) 0.282 88.2 89.0 -7.0 2.4 3.2 0.0 0.9 24 Cork and wood 1.067 121.4 125.4 24.8 5.8 -4.1 0.7 3.3 25 Pulp and waste paper 0.351 65.7 65.7 -29.5 0.1 -2.4 -0.8 0.0 28 Metalliferous ores and metal scrap 0.586 99.6 102.0 0.6 -1.3 1.7 2.2 2.4 29 Crude animal and vegetable materials, n.e.s. (9612=100) 0.263 105.7 143.5 n.a. n.a. n.a. 5.7 35.8 2R 3/ Other crude materials, inedible, except fuels (9612=100) 0.340 98.2 95.7 n.a. n.a. n.a. -1.8 -2.5 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 11.710 139.8 131.9 26.9 0.0 2.7 3.3 -5.7 33 Petroleum, petroleum products and related materials 9.985 136.0 126.4 21.7 -1.0 1.7 1.6 -7.1 34 Gas, natural and manufactured 1.608 180.6 185.5 76.3 10.5 14.0 16.1 2.7 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 5.507 98.7 98.1 -2.3 0.0 0.0 -0.4 -0.6 51 Organic chemicals 1.586 99.5 99.3 0.1 1.3 0.0 0.1 -0.2 52 Inorganic chemicals 0.683 103.9 103.5 2.1 -1.3 1.4 0.4 -0.4 53 Dyeing, tanning and coloring materials 0.284 99.4 97.4 -5.8 -0.7 -0.2 -1.0 -2.0 54 Medicinal and pharmaceutical products 0.888 97.8 96.7 -4.5 -0.2 -0.9 -1.2 -1.1 55 Essential oils; polishing and cleansing preps 0.315 99.4 98.7 -6.0 -0.6 -0.6 -0.7 -0.7 57 Plastics in primary forms 0.362 94.5 93.0 -9.8 2.5 -0.7 -0.5 -1.6 58 Plastics in nonprimary forms 0.522 85.6 85.5 -4.3 -1.4 0.7 -1.2 -0.1 59 Chemical materials and products, n.e.s. 0.645 105.5 104.7 -2.0 -0.3 -1.4 -0.3 -0.8 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 11.938 95.2 95.4 -5.3 -0.6 0.1 -0.3 0.2 62 Rubber manufactures, n.e.s. 0.712 98.4 97.9 -3.0 -0.7 -0.1 -0.1 -0.5 63 Cork and wood manufactures other than furniture 0.532 98.1 100.5 n.a. n.a. n.a. -0.7 2.4 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.471 84.2 83.7 -22.4 -2.2 -1.5 -2.3 -0.6 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.367 100.4 100.1 -1.1 0.0 0.5 -0.3 -0.3 66 Nonmetallic mineral manufactures, n.e.s. 2.080 103.5 103.7 3.0 0.5 0.3 0.5 0.2 67 Iron and steel 1.958 96.0 96.0 -2.4 -0.5 -0.4 -0.9 0.0 68 Nonferrous metals 1.718 86.3 87.4 -8.3 -1.4 1.0 2.0 1.3 69 Manufactures of metals, n.e.s. 1.937 100.4 100.2 -1.6 -0.1 0.4 -0.8 -0.2 7 MACHINERY AND TRANSPORT EQUIPMENT 46.095 97.1 96.7 -3.2 -0.3 0.0 -1.0 -0.4 71 Power generating machinery and equipment (9612=100) 2.891 99.8 100.1 n.a. n.a. n.a. -0.2 0.3 72 Machinery specialized for particular industries 2.638 101.0 100.6 -1.2 -0.2 0.5 -0.5 -0.4 73 Metalworking machinery 0.815 100.9 100.6 -1.1 -0.2 0.1 -0.4 -0.3 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.388 100.5 99.6 -1.6 -0.5 0.0 -0.2 -0.9 75 Computer equipment and office machines 7.500 86.4 85.3 -12.2 -0.8 -0.6 -2.0 -1.3 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.482 94.8 94.7 -4.1 -0.3 -0.2 -1.0 -0.1 77 Electrical machinery and equipment 9.371 90.5 90.2 -8.1 -1.0 -0.8 -2.3 -0.3 78 Road vehicles 14.000 100.7 100.6 -0.1 -0.2 0.1 -0.1 -0.1 8 MISCELLANEOUS MANUFACTURED ARTICLES 16.857 100.3 100.3 -0.4 -0.1 -0.2 0.0 0.0 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s. 0.380 98.9 98.5 -2.5 -1.9 0.3 -0.4 -0.4 82 Furniture and parts thereof 1.205 102.0 101.9 0.8 1.0 0.1 0.2 -0.1 83 Travel goods, handbags and similar containers 0.486 101.3 101.2 0.2 -0.4 -0.1 0.6 -0.1 84 Articles of apparel and clothing accessories 5.536 101.3 101.5 0.6 0.4 -0.3 0.2 0.2 85 Footwear 1.709 101.3 101.7 0.7 -0.1 0.2 0.4 0.4 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.569 99.3 98.7 -1.9 -0.3 0.2 -0.5 -0.6 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.321 96.1 95.7 -4.0 -0.5 -0.2 -0.8 -0.4 89 Miscellaneous manufactured articles, n.e.s. 4.650 100.2 100.2 -0.5 -0.4 -0.2 -0.1 0.0 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for November and December 1996 and January 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separetely Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, February 1996-February 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. SITC Description 1996 1996 1996 1996 1997 Rev. 3 January January February to to to to to 1997 1997 1997 Feb. Nov. Dec. Jan. Feb. 1/ 2/ 1997 1996 1996 1997 1997 ALL COMMODITIES 100.000 99.5 99.6 -1.2 -0.4 0.0 0.2 0.1 0 FOOD AND LIVE ANIMALS 8.064 100.7 102.5 -8.7 -2.3 -1.3 -1.2 1.8 01 Meat and meat preparations 1.203 95.5 95.0 -3.3 -0.6 -0.5 -2.4 -0.5 03 Fish, crustaceans, aquatic invertebrates and preparations 0.593 95.7 90.9 0.8 3.1 0.0 -1.1 -5.0 04 Cereals and cereal preparations 3.097 98.8 102.9 -19.2 -3.0 -1.0 -1.7 4.1 05 Vegetables, fruit and nuts, fresh or dried 1.406 101.5 101.8 2.1 -2.6 -4.9 0.5 0.3 08 Feeding stuff for animals (not including unmilled cereals) 0.869 117.7 122.7 2.7 -5.0 1.9 -1.9 4.2 09 Miscellaneous edible products and preparations 0.393 103.6 103.4 n.a. n.a. n.a. -0.1 -0.2 0R 3/ Other food and live animals (9612=100) 0.504 101.7 102.2 n.a. n.a. n.a. 1.7 0.5 1 BEVERAGES ANB TOBACCO 1.565 100.5 100.4 0.1 -0.1 0.1 0.1 -0.1 12 Tobacco and tobacco manufactures 1.297 100.5 100.4 n.a. n.a. n.a. 0.1 -0.1 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 6.104 90.0 92.1 -2.2 -0.9 0.1 1.4 2.3 21 Hides, skins and furskins, raw 0.388 113.5 114.8 26.3 -0.9 -2.2 -0.3 1.1 22 Oil seeds and oleaginous fruits 1.379 120.2 126.7 5.3 1.5 -0.6 4.6 5.4 24 Cork and wood 1.069 97.9 98.1 -0.8 0.4 0.5 0.3 0.2 25 Pulp and waste paper 0.674 55.9 59.3 -19.6 -1.5 -3.4 -0.2 6.1 26 Textile fibers and their waste 0.871 83.3 82.9 -12.5 -3.4 1.1 -0.2 -0.5 27 Crude fertilizers and crude minerals 0.343 97.8 97.7 -1.4 0.2 0.0 0.6 -0.1 28 Metalliferous ores and metal scrap 0.941 86.8 88.7 -2.3 -2.9 2.0 1.3 2.2 2R 3/ Other crude materials, inedible, except fuels (9612=100) 0.439 102.5 102.8 n.a. n.a. n.a. 2.5 0.3 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 2.353 116.5 112.2 6.6 -0.6 0.9 -0.2 -3.7 32 Coal, coke and briquettes 0.736 102.5 102.0 -0.4 0.2 0.1 0.7 -0.5 33 Petroleum, petroleum products and related materials 1.440 127.2 121.4 12.0 -1.2 1.5 -0.9 -4.6 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.475 96.1 97.6 7.4 -7.5 3.3 3.3 1.6 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 11.310 96.1 96.3 -0.6 -0.5 0.2 0.0 0.2 51 Organic chemicals 2.670 85.1 86.2 -5.2 0.0 -0.4 0.2 1.3 52 Inorganic chemicals 0.870 99.5 99.2 -2.9 0.0 0.4 -2.3 -0.3 53 Dyeing, tanning and coloring materials 0.512 101.8 101.8 1.1 -0.2 0.1 -0.3 0.0 54 Medicinal and pharmaceutical products 1.265 100.9 100.8 -0.2 0.1 0.0 -0.9 -0.1 55 Essential oils; polishing and cleansing preps 0.763 101.3 101.5 1.4 -0.2 0.0 -0.2 0.2 56 Fertilizers (9612=100) 0.624 100.5 98.3 n.a. n.a. n.a. 0.5 -2.2 57 Plastics in primary forms 1.939 94.8 95.8 5.9 -2.6 0.8 1.1 1.1 58 Plastics in nonprimary forms 0.860 99.1 97.3 -3.8 -0.4 0.1 1.7 -1.8 59 Chemical materials and products, n.e.s. 1.808 103.0 103.1 1.5 0.1 0.0 -0.1 0.1 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.448 97.2 97.5 -1.6 -0.1 0.4 0.2 0.3 62 Rubber manufactures, n.e.s. 0.695 103.0 102.7 -0.6 0.1 0.1 0.0 -0.3 63 Cork and wood manufactures other than furniture 0.300 91.1 91.9 -0.6 0.3 0.1 0.3 0.9 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.580 83.7 83.2 -10.6 -0.3 -0.8 -1.4 -0.6 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.445 102.6 102.5 n.a. n.a. n.a. 0.2 -0.1 66 Nonmetallic mineral manufactures, n.e.s. 0.895 104.1 104.0 1.5 1.0 -0.3 0.2 -0.1 67 Iron and steel 1.116 103.0 103.0 n.a. n.a. n.a. 1.3 0.0 68 Nonferrous metals 1.276 89.9 92.4 -2.5 -2.3 3.6 1.8 2.8 69 Manufactures of metals, n.e.s. 1.978 101.7 102.3 0.1 -0.2 0.3 0.1 0.6 7 MACHINERY AND TRANSPORT EQUIPMENT 48.611 100.7 100.6 -0.2 0.0 0.0 0.2 -0.1 71 Power generating machinery and equipment 4.296 105.1 105.4 2.3 0.1 0.4 0.5 0.3 72 Machinery specialized for particular industries 4.669 103.7 103.8 1.9 -0.3 0.1 0.8 0.1 73 Metalworking machinery 0.929 102.4 103.5 2.7 0.0 0.2 0.0 1.1 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 5.017 103.5 103.8 2.1 0.3 -0.2 0.4 0.3 75 Computer equipment and office machines 6.301 87.9 87.1 -9.0 -0.8 -1.1 -0.3 -0.9 76 Telecommunications & sound recording & reproducing apparatus & equipment 3.764 100.7 100.7 1.3 0.1 0.0 0.3 0.0 77 Electrical machinery and equipment 10.158 97.4 97.0 -3.5 -0.1 0.1 -0.1 -0.4 78 Road vehicles 9.172 101.6 101.5 0.7 0.2 0.0 0.2 -0.1 8 MISCELLANEOUS MANUFACTURED ARTICLES 11.123 101.4 101.5 0.8 0.1 0.3 0.1 0.1 82 Furniture and parts thereof 0.619 102.2 102.5 0.4 -0.3 0.0 0.2 0.3 84 Articles of apparel and clothing accessories 1.275 100.9 101.7 n.a. n.a. n.a. 0.0 0.8 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.727 103.4 103.5 2.4 0.3 0.5 0.7 0.1 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s. 0.908 98.9 98.6 n.a. n.a. n.a. -0.3 -0.3 89 Miscellaneous manufactured articles, n.e.s. 4.153 100.1 99.9 -0.8 0.1 0.1 -0.5 -0.2 8R 3/ Other miscellaneous manufactured articles (9612=100) 0.442 100.8 100.7 n.a. n.a. n.a. 0.8 -0.1 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for November and December 1996 and January 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, February 1996-February 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Feb. Oct. Nov. Dec. Jan. nized Description 1996 1996 1996 1996 1997 System January January February to to to to to 1997 1997 1997 Feb. Nov. Dec. Jan. Feb. 1/ 2/ 1997 1996 1996 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.422 96.7 98.4 3.9 0.3 0.5 -0.5 1.8 02 Meat and edible meat offal 0.248 92.8 93.2 -2.4 0.2 -1.3 -1.5 0.4 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.817 99.0 100.7 6.8 0.6 1.1 1.1 1.7 3/ Other live animals and animal products (9612=100) 0.357 96.6 99.3 n.a. n.a. n.a. -3.4 2.8 II VEGETABLE PRODUCTS 1.422 86.5 93.7 -2.3 -0.7 -2.7 0.7 8.3 07 Edible vegetables and certain roots and tubers 0.227 87.9 97.3 -6.4 -18.1 -9.6 -5.3 10.7 08 Edible fruit and nuts; peel of citrus fruit or melons 0.466 108.6 105.6 3.1 18.1 -1.9 -2.5 -2.8 09 Coffee, tea, mate and spices 0.328 70.8 78.7 -7.0 -0.4 -4.8 4.7 11.2 3/ Other vegetable products 0.400 96.7 114.0 7.4 -4.6 4.8 5.1 17.9 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 1.986 101.9 101.7 -0.2 -0.7 -0.6 -0.2 -0.2 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.286 99.8 97.4 -10.6 -3.8 -3.9 1.5 -2.4 22 Beverages, spirits, and vinegar 0.706 103.0 102.9 1.9 0.5 -0.2 0.0 -0.1 3/ Other prepared foodstuffs (9612=100) 0.994 99.3 99.6 n.a. n.a. n.a. -0.7 0.3 V MINERAL PRODUCTS 12.319 138.1 130.9 26.0 -0.2 2.4 3.4 -5.2 26 Ores, slag and ash 0.273 99.2 99.3 -1.5 0.1 -0.5 0.2 0.1 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 11.830 140.2 132.5 27.4 -0.2 2.5 3.5 -5.5 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 5.138 101.6 100.9 -1.3 -0.3 0.2 0.0 -0.7 28 Inorganic chemicals 0.837 105.7 105.3 1.7 -2.2 2.5 1.1 -0.4 29 Organic chemicals 1.989 99.5 98.9 -1.1 1.1 -0.4 -0.2 -0.6 30 Pharmaceutical products 0.533 102.7 101.5 -1.5 -0.7 -0.7 -0.9 -1.2 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.285 98.8 96.1 -7.0 -0.7 -0.3 -1.2 -2.7 37 Photographic or cinematographic goods 0.338 97.9 97.9 -2.2 -0.3 -0.1 -1.0 0.0 38 Miscellaneaous chemical products (9612=100) 0.409 101.0 99.8 n.a. n.a. n.a. 1.0 -1.2 3/ Other products of the chemical or allied industries (9612=100) 0.747 100.0 100.3 n.a. n.a. n.a. 0.0 0.3 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.748 94.5 93.9 -4.0 -0.2 0.4 0.0 -0.6 39 Plastics and articles thereof 1.667 94.9 94.3 -2.9 -0.2 0.1 -0.1 -0.6 40 Rubber and articles thereof 1.081 93.9 93.3 -5.6 -0.1 0.9 0.0 -0.6 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 0.971 104.2 103.8 4.0 1.7 -0.2 0.6 -0.4 42 Articles of leather; travel goods, bags, etc. of various materials 0.774 101.4 101.3 0.9 -0.2 -0.2 0.7 -0.1 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.639 111.2 114.6 14.8 2.2 -1.6 0.0 3.1 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.185 82.4 82.4 -20.1 -1.6 -1.5 -1.3 0.0 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.352 66.6 66.6 -29.1 0.1 -2.6 -0.6 0.0 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.494 85.7 85.2 -20.6 -2.1 -1.4 -1.9 -0.6 49 Printed matter 0.340 100.5 103.0 4.5 -2.2 0.1 0.0 2.5 XI TEXTILE AND TEXTILE ARTICLES 6.531 100.4 100.6 -0.2 0.2 -0.1 0.0 0.2 61 Articles of apparel and clothing accessories, knitted or crocheted 1.939 100.8 100.6 -1.0 0.0 -0.3 -0.5 -0.2 62 Articles of apparel and clothing accessories, not knitted or crocheted 3.111 101.3 102.1 1.0 0.2 -0.3 0.4 0.8 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.333 99.2 98.0 -2.0 0.0 0.0 -0.5 -1.2 3/ Other textile & textile articles (9612=100) 1.147 99.9 99.8 n.a. n.a. n.a. -0.1 -0.1 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 1.988 101.4 101.5 0.4 0.0 0.0 0.5 0.1 64 Footwear, gaiters and the like; parts of such articles 1.716 101.3 101.5 0.5 0.0 0.1 0.5 0.2 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 0.272 100.0 100.0 n.a. n.a. n.a. 0.0 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.118 104.5 104.4 3.2 0.1 0.8 1.0 -0.1 69 Ceramic products 0.427 102.5 102.1 n.a. n.a. n.a. 0.4 -0.4 70 Glass and glassware 0.435 104.9 106.0 4.4 0.8 0.6 0.6 1.0 XIV PEARLS, STONES, PRECIOUS METALS, IIITATION JEWELRY, AND COINS 2.083 97.6 96.6 -3.6 -0.1 -0.3 -0.5 -1.0 XV BASE METALS AND ARTICLES OF BASE METAL 5.573 94.1 94.7 -3.4 -0.6 0.5 0.1 0.6 72 Iron and steel 1.669 94.7 94.8 -3.1 -0.4 -0.1 -1.1 0.1 73 Articles of iron or steel 1.266 99.7 99.3 -1.5 -0.5 -0.4 -0.2 -0.4 74 Copper and articles thereof 0.422 81.6 84.1 -8.0 0.9 4.7 0.9 3.1 76 Aluminum and articles thereof 0.908 90.7 94.0 -1.4 -1.3 1.2 4.3 3.6 83 Miscellaneous articles of base metal 0.397 102.2 102.6 -0.2 -0.1 0.6 -1.1 0.4 3/ Miscellaneous nonferrous metals and articles, including scrap (9612=100) 0.476 99.3 98.2 n.a. n.a. n.a. -0.7 -1.1 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 30.394 94.1 93.6 -5.6 -0.4 -0.1 -1.8 -0.5 84 Specialized machinery & computer equipment 16.181 96.5 95.8 -4.1 -0.1 0.2 -0.9 -0.7 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 14.213 91.4 91.2 -7.4 -0.7 -0.4 -2.8 -0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 15.123 100.9 100.8 -0.1 -0.2 0.2 -0.2 -0.1 87 Motor vehicles and their parts 14.295 100.7 100.6 -0.1 -0.2 0.1 -0.1 -0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 3.485 96.4 96.1 -3.6 -0.5 -0.2 -1.0 -0.3 90 Optical, photographic, measuring and medical instruments 2.974 96.3 95.9 -3.7 -0.3 -0.1 -1.1 -0.4 91 Clocks and watches and parts thereof 0.372 97.4 96.6 -4.6 -0.9 -0.6 -1.0 -0.8 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.574 100.3 100.1 -0.9 0.1 -0.1 0.0 -0.2 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.529 100.1 100.0 -0.4 0.4 0.1 0.1 -0.1 95 Toys, games and sports equipment; parts and accessories thereof 1.766 101.2 100.9 -0.9 0.0 -0.4 0.0 -0.3 96 Miscellaneous manufactured articles 0.280 96.1 95.4 -3.7 -0.1 0.3 -0.3 -0.7 1 Relative importance figures are based on 1995 trade values. 2 Data for November and December 1996 and January 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, February 1996-February 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Feb. Oct. Nov. Dec. Jan. nized Description 1996 1996 1996 1996 1997 System January January February to to to to to 1997 1997 1997 Feb. Nov. Dec. Jan. Feb. 1/ 2/ 1997 1996 1996 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 2.020 97.6 96.1 1.1 1.2 -0.5 -2.0 -1.5 02 Meat & edible meat offal 1.117 93.3 93.4 -4.3 -0.4 -0.3 -2.8 0.1 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.534 94.9 89.0 -0.9 3.5 -0.2 -2.2 -6.2 3/ Other live animals and animal products (9612=100) 0.369 100.2 100.8 n.a. n.a. n.a. 0.2 0.6 II VEGETABLE PRODUCTS 5.655 102.9 106.6 -11.5 -2.1 -1.7 0.4 3.6 07 Edible vegetables and certain roots and tubers 0.304 96.7 96.0 -3.0 4.6 -7.2 -0.2 -0.7 08 Edible fruit and nuts; peel of citrus fruit or melons 0.689 99.8 100.6 -1.4 -5.7 -5.6 -0.2 0.8 10 Cereals 2.851 98.1 102.6 -20.2 -3.3 -1.0 -1.9 4.6 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.574 120.0 125.1 5.7 1.4 -0.5 5.2 4.2 III ANIMAL OR VEGETABLE FATS AND OILS 0.506 95.7 97.6 5.3 -5.9 2.8 2.5 2.0 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.703 104.4 105.4 1.2 -1.6 0.5 -0.1 1.0 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.389 107.4 110.1 9.2 0.3 0.5 2.1 2.5 21 Miscellaneous edible preparations 0.362 104.4 104.1 1.5 0.1 0.8 0.0 -0.3 22 Beverages, spirits, and vinegar 0.341 100.2 99.6 n.a. n.a. n.a. -1.2 -0.6 23 Residues and waste from the food industries; prepared animal feed 0.797 116.9 121.6 1.2 -5.2 1.5 -2.2 4.0 24 Tobacco and manufactured tobacco substitutes 1.302 100.5 100.4 n.a. n.a. n.a. 0.1 -0.1 3/ Other prepared foods 0.513 100.7 100.3 n.a. n.a. n.a. 1.6 -0.4 V MINERAL PRODUCTS 2.986 112.6 110.5 7.7 -0.3 1.1 0.2 -1.9 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 2.417 118.1 114.5 8.5 -0.3 1.0 -0.2 -3.0 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 9.171 97.2 97.4 -1.1 0.1 0.0 -0.1 0.2 28 Inorganic chemicals 0.959 101.2 101.2 -1.6 0.1 0.5 -1.6 0.0 29 Organic chemicals 2.987 88.3 89.5 -3.1 0.0 -0.3 0.0 1.4 30 Pharmaceutical products 0.919 101.3 101.0 -0.7 0.2 0.0 0.2 -0.3 31 Fertilizers (9612=100) 0.692 100.5 98.3 n.a. n.a. n.a. 0.5 -2.2 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.519 101.5 101.5 0.7 -0.1 0.1 -0.4 0.0 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.525 100.9 101.2 1.2 -0.2 0.1 -0.4 0.3 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.323 101.4 101.3 1.5 0.1 0.3 0.0 -0.1 37 Photographic or cinematographic goods 0.443 97.7 97.2 -0.9 0.2 0.8 -0.3 -0.5 38 Miscellaneous chemical products 1.580 102.9 103.0 0.9 0.0 -0.1 -0.3 0.1 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.503 97.1 97.4 1.6 -1.0 0.3 0.3 0.3 39 Plastics and articles thereof 3.571 96.3 96.5 1.9 -1.3 0.4 0.3 0.2 40 Rubber and articles thereof 0.932 100.2 101.1 0.4 -0.2 0.4 0.2 0.9 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.626 105.0 105.4 14.3 0.2 -1.7 -0.5 0.4 41 Raw hides and skins (other than furskins) and leather 0.454 100.6 101.2 12.4 0.2 -2.2 -0.7 0.6 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.392 96.9 97.4 -0.2 0.5 0.3 0.4 0.5 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.997 76.0 75.7 -13.1 -0.6 -1.4 -0.8 -0.4 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.660 56.9 57.7 -23.4 -1.3 -3.4 -0.5 1.4 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.528 83.6 83.0 -11.3 -0.5 -1.1 -1.4 -0.7 49 Printed material 0.810 105.5 104.5 2.8 0.1 0.0 0.2 -0.9 XI TEXTILE AND TEXTILE ARTICLES 3.339 93.2 93.1 -5.3 -1.3 0.5 0.0 -0.1 52 Cotton, including yarns and woven fabrics thereof 0.758 84.3 83.8 -12.4 -3.6 2.3 0.0 -0.6 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. 0.870 103.3 103.3 n.a. n.a. n.a. 0.2 0.0 70 Glass and glassware 0.503 101.5 101.2 n.a. n.a. n.a. 0.2 -0.3 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.442 98.9 96.2 -5.9 0.1 -0.6 -1.8 -2.7 XV BASE METALS AND ARTICLES OF BASE METALS 4.654 94.5 95.4 -2.5 -1.3 1.7 0.5 1.0 72 Iron and steel 0.981 93.2 93.6 -5.1 -2.1 0.4 0.6 0.4 73 Articles of iron or steel 1.226 102.8 103.2 2.1 0.8 0.0 0.4 0.4 74 Copper and articles thereof 0.461 84.7 85.7 -9.2 1.0 5.6 1.3 1.2 76 Aluminum and articles thereof 0.895 86.5 88.5 -3.0 -2.1 4.3 0.8 2.3 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof 0.417 103.7 104.0 n.a. n.a. n.a. 0.4 0.3 83 Miscellaneous articles of base metal 0.379 99.4 99.5 -1.5 0.1 0.5 -0.3 0.1 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 35.112 98.5 98.2 -1.9 -0.2 -0.1 0.1 -0.3 84 Specialized machinery & computer equipment 20.159 98.7 98.6 -1.3 -0.2 -0.2 0.2 -0.1 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 14.953 98.2 97.7 -2.7 0.0 0.1 -0.1 -0.5 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 13.779 103.5 103.5 1.9 0.3 0.0 0.3 0.0 87 Motor vehicles and their parts 9.607 101.7 101.6 0.7 0.1 0.0 0.2 -0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 5.313 102.3 102.5 1.5 0.2 0.4 0.5 0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.734 101.6 101.6 0.7 0.0 0.0 0.3 0.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.861 102.6 102.7 0.7 -0.2 0.0 0.3 0.1 95 Toys, games and sports equipment; parts and accessories thereof 0.703 100.7 100.5 0.7 0.0 0.0 0.5 -0.2 1 Relative importance figures are based on 1995 trade values. 2 Data for November and December 1996 and January 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin,February 1996-February 1997 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports Feb. Oct. Nov. Dec. Jan. Description 1/ 1996 1996 1996 1996 1997 1995 Jan. Feb. to to to to to 1997 1997 Feb. Nov. Dec. Jan. Feb. 2/ 1997 1996 1996 1997 1997 3/ Developed Countries 55.6 100.0 99.0 -1.6 -0.1 0.3 -0.3 -1.0 Manufactured Goods 52.2 98.4 98.0 -2.5 -0.3 -0.1 -0.4 -0.4 Nonmanufactured Goods 3.1 131.1 120.4 17.0 2.4 5.5 2.0 -8.2 3/ Developing Countries 42.7 105.5 104.5 3.9 -0.4 0.1 0.2 -0.9 Manufactured Goods 35.4 100.1 99.9 -0.5 0.3 -0.2 -0.3 -0.2 Nonmanufactured Goods 7.1 126.4 121.7 19.5 -1.8 1.0 1.5 -3.7 Canada 18.9 102.0 100.6 -0.3 0.2 1.1 0.2 -1.4 Manufactured Goods 16.5 98.0 98.0 -2.6 0.0 0.0 -0.1 0.0 Nonmanufactured Goods 2.2 137.0 124.5 18.9 1.8 8.1 2.1 -9.1 4/ European Union 17.0 102.7 102.1 0.2 -0.2 0.1 -0.3 -0.6 Manufactured Goods 16.4 102.0 101.5 -0.4 -0.3 0.1 -0.3 -0.5 Nonmanufactured Goods 0.5 128.5 122.8 17.1 3.0 -0.2 0.0 -4.4 Japan 16.6 95.3 94.5 -5.0 -0.4 -0.4 -0.6 -0.8 5/ Asian Newly Industrialized Countries 10.9 96.3 96.1 -3.6 -0.5 -0.4 -0.6 -0.2 1 Regions are not mutually exclusive. 2 Data for November and December 1996 and January 1997 have been revised to reflect the availability of late reports and corrections by respondents. 3 Defined according to the Standard Census Definition. 4 Includes EU 15 countries 5 Includes Hong Kong, Singapore, South Korea, and Taiwan. Table 8 U.S. Import and Export Price Indexes and Percent Changes for Selected Categories of Services. December 1995-December 1996 1990 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade Dec. Dec. March June Sept. Description (Mil. 1995 1995 1996 1996 1996 of Sept. Dec. to to to to to Dollars) 1996 1996 Dec. March June Sept. Dec. 1996 1996 1996 1996 1996 IMPORT Air Freight (9/90 = 100) 2001 116.1 114.3 -4.3 -1.2 -1.4 -0.3 -1.6 Atlantic (9/90 = 100) 738 98.4 98.1 -3.1 -2.3 -2.5 2.1 -0.3 Pacific (9/90 = 100) 1102 132.1 128.9 -5.4 -0.7 -0.9 -1.4 -2.4 Air Passenger Fares 10450 122.1 118.6 2.1 -0.8 7.5 -1.5 -2.9 Atlantic 6577 122.0 113.5 0.9 -1.6 10.5 -0.2 -7.0 Pacific 2051 111.1 119.5 2.2 -1.0 5.8 -9.2 7.6 Latin American / Caribbean 1678 134.1 134.2 3.7 2.2 0.1 1.4 0.1 Crude Oil Tanker Freight 1985 114.7 123.9 -14.4 -9.4 -1.4 -11.3 8.0 Atlantic 534 120.5 118.7 5.0 13.3 -0.5 -5.3 -1.5 Gulf 1328 104.8 118.4 -21.5 -17.3 -5.1 -11.5 13.0 Ocean Liner Freight 6017 110.1 109.8 -2.6 0.9 -1.9 -1.3 -0.3 U.S. East Coast 2832 117.8 117.9 0.2 1.2 -1.0 -0.1 0.1 from Atlantic 1336 126.4 126.3 3.0 5.2 -2.2 0.2 -0.1 from Pacific 1094 112.4 112.6 -3.5 -3.3 -0.2 -0.2 0.2 U.S. West Coast 3185 103.4 102.7 -5.3 0.6 -2.8 -2.5 -0.7 from Pacific 2840 104.9 104.0 -6.1 0.3 -3.1 -2.5 -0.9 EXPORT Air Passenger Fares 11867 127.9 123.9 3.3 1.6 1.4 3.6 -3.1 1/ Atlantic 4159 136.5 125.8 7.6 2.0 5.8 8.2 -7.8 1/ Pacific 4679 120.5 114.9 -4.6 2.3 -2.4 0.2 -4.6 Latin American / Caribbean 1775 125.3 126.3 -0.2 -0.8 -1.1 0.9 0.8 Canadian 619 149.3 188.6 46.9 4.0 4.3 7.2 26.3 1 Detailed data available upon request. Table 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. December 1995-December 1996 1990 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade Dec. Dec. March June Sept. Description (Mil. 1995 1995 1996 1996 1996 of Sept. Dec. to to to to to Dollars) 1996 1996 Dec. March June Sept. Dec. 1996 1996 1996 1996 1996 Air Freight (Inbound) (9/90 = 100) 3308 109.8 109.0 -3.8 -2.8 -0.8 0.5 -0.7 Atlantic (9/90 = 100) 1025 96.3 98.1 -3.3 -5.0 -1.9 1.8 1.9 Pacific (9/90 = 100) 2028 117.6 115.6 -4.5 -1.7 -0.5 -0.7 -1.7 Air Freight (Outbound) (9/92 = 100) 2694 97.4 97.7 -0.4 -0.5 0.3 -0.5 0.3 Atlantic (9/92 = 100) 920 103.8 104.1 -1.0 -1.9 0.9 -0.2 0.3 Pacific (9/92 = 100) 1224 96.7 97.1 -0.2 0.3 0.0 -0.9 0.4 Air Passenger Fares (U.S. Carrier) 24233 131.1 124.1 5.7 2.2 6.2 2.9 -5.3 1/ Atlantic 10075 133.5 115.5 5.3 1.3 13.3 6.0 -13.5 1/ Pacific 7271 125.5 121.0 0.5 4.2 1.8 -1.7 -3.6 1/ Latin American / Caribbean 4492 130.1 130.1 2.7 2.5 -0.1 0.2 0.0 Canadian 1264 165.6 205.7 47.9 0.1 2.7 15.8 24.2 Air Passenger Fares (Foreign Carrier) 22669 125.5 119.7 3.8 -0.7 7.0 2.4 -4.6 Atlantic 13156 125.8 114.6 2.7 -1.6 10.3 3.9 -8.9 Pacific 5663 118.9 118.8 1.4 -0.3 4.5 -2.7 -0.1 Latin American / Caribbean 2890 131.8 132.0 3.1 1.7 -0.1 1.3 0.2 Crude Oil Tanker Freight (Inbound) 2153 112.9 122.2 -8.5 -3.2 -1.9 -11.0 8.2 Atlantic 572 117.3 116.1 7.0 13.2 -2.5 -2.0 -1.0 Gulf 1455 103.4 116.6 -14.4 -9.0 -4.8 -12.4 12.8 Ocean Liner Freight (Inbound) 8065 109.5 110.0 -2.7 0.4 -1.9 -1.6 0.5 U.S. East Coast 3769 115.9 117.0 0.4 1.1 -0.9 -0.7 0.9 from Atlantic 1889 121.9 122.3 1.9 4.7 -1.6 -1.4 0.3 from Pacific 1154 108.2 108.4 -4.7 -4.1 -0.6 -0.2 0.2 U.S. West Coast 4296 104.0 103.9 -5.6 -0.3 -2.9 -2.4 -0.1 from Pacific 3943 105.2 105.0 -6.3 -0.5 -3.1 -2.5 -0.2 1 Detailed data available upon request. TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are weighted with 1995 trade weights. The merchandise price indexes are published using three classifications: the Harmonized System (HS), the Bureau of Economic Analysis End Use System, and the Standard International Trade Classification (SITC) system, Rev. 3. Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represents transactions between U.S. and foreign residents) and International (which represents all transactions with U.S. importers or exporters, regardless of nationality). Published series use a base year of 1995=100 where possible. Net transaction price data are collected every month for over 20,000 products from over 6,000 companies and secondary sources. Indexes are not seasonally adjusted. More detailed index series and additional information may be obtained from the Division of International Prices, Bureau of Labor Statistics, 2 Massachusetts Avenue N.E., PSB 3955, Washington, DC 20212 or (202) 606-7155. Import Price Indexes -- Products have been classified by the 1995 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 1995 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. Prior to January 1993, nonmanufactured goods were defined as SITC 0-4 and manufactured goods were defined as SITC 5-8. Beginning with January 1993, the indexes are defined by locality of origin using a nomenclature based upon the Standard Industrial Classification (SIC-based). Nonmanufactured goods are defined as SIC 0-1, and manufactured goods are defined as SIC 2-3. The indexes use 1995 weights and a base of 1995=100. Import, Export, and International Services Indexes -- Indexes are calculated on a quarterly basis. The figures for services indexes will not sum up to the aggregate dollar value because not all categories are shown in the tables. Revenue figures for air passenger indexes exclude frequent flyer tickets and those sold by consolidators. Indexes for crude oil tanker freight are calculated from data collected by the U. S. Department of Energy. Revision policy -- Data are revised for the previous three months to reflect the availability of late reports and corrections by respondents. Uses of the Data -- The primary use of the indexes is to deflate trade statistics. For merchandise trade, the End Use classification system is the structure used by the U.S. Department of Commerce in the construction of the foreign trade sector of the National Income and Product Accounts. Indexes published using the Harmonized System and the Standard International Trade Classification, Rev. 3, both international structures, are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Accounts data, 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. The import and export news release contains monthly price indexes at the two-digit level of detail. If you would like to be added to the mailing list for more detailed index and percent change tables, please fill out the form below and mail or fax it to the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212 Phone Number: (202) 606-7155 Fax Number: (202) 606-7179 IPP Order Form Please add my name to the mailing list for the following publications. 1. Monthly News Release ______ 2. Harmonized System Indexes ______ 3. SITC Indexes ______ 4. BEA End-Use Indexes ______ Name______________________________________________ Address___________________________________________ ____________________________________ ____________________________________ ____________________________________ Phone Number ( ) ______________________