Technical Information: Jim Thomas (202) 606-7155 USDL-98-238 Bill Alterman (202) 606-7108 Transmission of This Media contact: Material is Embargoed Kathryn Hoyle (202) 606-5902 Until: 10:00 A.M. E.D.T. Internet Address: http://stats.bls.gov/ipphome.htm Thursday, June 11, 1998 U.S. IMPORT AND EXPORT PRICE INDEXES -MAY 1998- The U.S. Import Price Index declined 0.1 percent in May, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decrease was the seventh in a row and was led by a continued fall in prices for nonpetroleum imports. In contrast, the U.S. Export Price Index rose 0.1 percent in May following declines in each of the past five months. 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 1997 May 0.0 1.1 -0.1 -0.3 -1.2 0.0 June -0.1 -2.0 0.1 -0.1 -2.0 0.1 July -0.2 -1.3 -0.2 0.0 -1.1 0.0 August -0.1 2.3 -0.3 0.0 0.1 0.0 September -0.1 0.2 0.0 -0.3 -0.1 -0.3 October 0.2 5.6 -0.3 -0.4 -1.8 -0.2 November -0.4 -3.5 -0.2 0.0 0.7 -0.1 December -1.0 -6.8 -0.4 -0.4 -0.8 -0.4 1998 January -1.3 -10.0 -0.6 -0.7 -2.7 -0.4 February -0.9r -6.5 -0.4 -0.3 -1.5 -0.2r March -0.8r -9.1 -0.3r -0.3 -0.6 -0.3 April -0.3r 1.2r -0.3 -0.4r -1.2r -0.2r May -0.1 1.4 -0.3 0.1 0.9 -0.1 May 1996-97 -2.9 -9.7 -2.3 -2.2 -14.5 -0.1 May 1997-98 -5.2 -26.1 -3.3 -2.8 -9.8 -2.1 r = revised to reflect late reports and corrections by respondents. Import Goods The rate of decline in import prices continued to slow somewhat in May, edging down 0.1 percent after falling 0.3 percent in April.Import prices had fallen between 0.8 percent and 1.3 percent in each of the prior four months. The slowdown was attributable to imported petroleum prices which continued a slight turnaround in May, rising 1.4 percent after a 1.2 percent increase in April. Petroleum prices had dropped 31.2 percent over the prior five months. For the year ended in May, petroleum prices fell 26.1 percent. In contrast, for the third month in a row prices for nonpetroleum imports declined 0.3 percent. Nonpetroleum import prices have decreased or posted no change in each of the past 11 months and were down 3.3 percent since May 1997. The decrease in nonpetroleum import prices was led by a continuing decline in the price index for imported capital goods, down 0.5 percent. Prices of imported capital goods have steadily declined since 1995 and were d own 6.5 percent over the past 12 months. Led by declining coffee prices, the index of imported foods, feeds, and beverages fell 0.9 percent in May after increasing 0.8 percent the previous month. For the year ended in May, the index was down 4.3 percent. The index for automotive vehicles also fell in May, down 0.1 percent for the second consecutive month. Over the past 12 months, prices for imported automotive vehicles were up 0.9 percent. Import prices for both nonpetroleum industrial supplies and materials and consumer goods were unchanged in May. Both price indexes decreased over the past 12 months, down 3.7 percent and 1.5 percent, respectively. Export Goods The export price index edged up 0.1 percent in May, as an upturn in agricultural prices offset the continued decline for nonagricultural prices. Despite the May increase, the index for all exports was down 2.8 percent for the year ended in May. After decreasing in each of the previous five months, the price index of agricultural exports rose 0.9 percent in May. In contrast, prices of nonagricultural exports fell for the ninth consecutive month, dipping 0.1 percent in May. The index for nonagricultural exports decreased 2.1 percent for the May 1997-98 period. The export price index for nonagricultural industrial supplies and materials fell 0.2 percent in May, led by continued declines in prices for chemicals, lumber, and other wood supplies. Prices for nonagricultural industrial supplies and materials have declined for 10 consecutive months and were down 4.5 percent for the year ended in May. The indexes for both capital goods and automotive vehicles, parts, and engines were unchanged in May. Prices for capital goods, which decreased 0.3 percent in each of the previous two months, were down 1.9 percent over the past year. The index for autos has not moved by more than 0.1 percent over the past eight months and posted a modest 0.2 percent gain for the May 1997-98 period. In contrast, consumer goods excluding autos rose 0.2 percent in May after declining 0.3 percent in April. Over the past 12 months, the index rose 0.5 percent. Imports by Locality of Origin The price index of imports from the Asian Newly Industrialized Countries continued to decline, falling 1.1 percent in May, about the same as the decrease posted in the previous month. The index decreased 8.3 percent for the May 1997-98 period compared with a 3.1 percent drop during the prior 12-month period. (See table 7.) Prices for imports from Japan kept up a three-year downward trend, falling 0.3 percent in May after decreasing 0.6 percent in April. Over the past 12 months, the index was down 4.0 percent. The import price indexes for both Latin America and the European Union posted upturns in May, rising 0.7 and 0.4 percent, respectively. Both indexes had dropped in the previous four months. The index for the European Union was down 1.1 percent from a year ago. The price index for imports from Canada also rose in May, up 0.5 percent. Despite increasing in the past two months, the index was down 2.3 percent for the year ended in May. CONTENTS OF RELEASE This news release includes the following tables: Table 1 Import Price Indexes, by End Use.....page 4 Table 2 Export Price Indexes, by End Use.....page 5 Table 3 Import Price Indexes, by SITC.....pages 6-7 Table 4 Export Price Indexes, by SITC.....pages 8-9 Table 5 Import Price Indexes, by Harmonized System.....pages 10-11 Table 6 Export Price Indexes, by Harmonized System.....pages 12-13 Table 7 Import Price Indexes, by Locality of Origin.....page 14 Table 8 U.S. Import and Export Price Indexes for Services.....page 15 Table 9 U.S. International Price Indexes for Services.....page 16 ------------------------------------------------------------------- Import and Export Price Index data for June are scheduled for release on July 15 at 10:00 a.m. (EDT). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, May 1997-May 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April END Description 1997 1998 1998 1998 1998 USE April April May to to to to to 1998 1998 1998 May Feb. March April May 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES 100.000 93.3 93.2 -5.2 -0.9 -0.8 -0.3 -0.1 ALL IMPORTS EXCLUDING PETROLEUM 93.500 94.3 94.0 -3.3 -0.4 -0.3 -0.3 -0.3 0 FOODS, FEEDS, & BEVERAGES 4.891 97.4 96.5 -4.3 -1.0 -0.1 0.8 -0.9 00 Agricultural foods, feeds & beverages, excluding distilled beverages 3.449 94.3 92.7 -7.6 -1.8 -0.2 1.0 -1.7 01 Nonagricultural foods (fish, distilled beverages) 1.442 105.5 106.2 4.3 0.8 0.2 0.6 0.7 1 INDUSTRIAL SUPPLIES & MATERIALS 25.255 89.9 90.2 -10.7 -2.5 -2.6 0.1 0.3 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.754 94.3 94.3 -3.7 -0.8 -0.2 -0.3 0.0 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.940 95.6 95.6 -4.3 -0.4 0.0 -0.2 0.0 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.814 92.7 92.8 -3.0 -1.5 -0.5 -0.4 0.1 10 Fuels & lubricants 7.671 81.6 82.5 -22.8 -6.4 -8.0 0.9 1.1 100 Petroleum & petroleum products 6.502 77.7 78.8 -26.1 -6.5 -9.1 1.2 1.4 10000 Crude 5.030 75.7 75.6 -29.3 -7.6 -9.2 2.4 -0.1 11 Paper & paper base stocks 1.855 81.4 81.1 -1.1 -1.3 0.4 -0.2 -0.4 12 Materials associated with nondurable supplies & materials 6.001 91.4 91.6 -4.9 -0.5 -0.7 -0.2 0.2 13 Selected building materials 2.134 104.3 102.5 -10.7 -0.3 -0.1 -0.3 -1.7 14 Unfinished metals associated with durable goods 4.631 94.1 95.2 -1.0 -0.2 0.2 0.1 1.2 15 Finished metals associated with durable goods 1.472 93.8 93.0 -4.1 -0.5 -0.2 -0.6 -0.9 16 Nonmetals associated with durable goods 1.492 91.8 91.5 -4.5 -1.2 -0.1 -0.8 -0.3 2 CAPITAL GOODS 28.384 86.4 86.0 -6.5 -0.9 -0.5 -0.7 -0.5 20 Electric & electrical generating equipment 3.424 94.8 94.4 -3.0 0.3 -0.3 -0.7 -0.4 21 Nonelectrical machinery 23.184 83.6 83.2 -7.6 -1.2 -0.5 -0.8 -0.5 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 18.642 101.3 101.2 0.9 0.0 0.1 -0.1 -0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 22.829 98.2 98.2 -1.5 0.2 -0.6 -0.4 0.0 40 Nondurables, manufactured 11.363 100.7 100.7 -0.3 0.0 -0.1 -0.2 0.0 41 Durables, manufactured 10.357 95.8 95.6 -2.4 -0.3 -0.3 -0.5 -0.2 42 Nonmanufactured consumer goods 1.109 97.5 98.8 -3.9 7.0 -7.3 -0.6 1.3 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for February, March and April 1998 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, May 1997-May 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April END Description 1997 1998 1998 1998 1998 USE April April May to to to to to 1998 1998 1998 May Feb. March April May 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES 100.000 96.5 96.6 -2.8 -0.3 -0.3 -0.4 0.1 AGRICULTURAL COMMODITIES 9.962 92.5 93.3 -9.8 -1.5 -0.6 -1.2 0.9 NONAGRICULTURAL COMMODITIES 90.037 97.0 96.9 -2.1 -0.2 -0.3 -0.2 -0.1 0 FOODS, FEEDS, & BEVERAGES 8.947 93.2 94.1 -10.0 -2.0 -0.6 -1.3 1.0 00 Agricultural foods, feeds & beverages, excluding distilled beverages 8.253 94.1 95.0 -10.6 -1.4 -0.9 -1.3 1.0 01 Nonagricultural foods (fish, distilled beverages) 0.694 85.8 85.7 -2.6 -7.8 2.9 -0.5 -0.1 1 INDUSTRIAL SUPPLIES & MATERIALS 24.868 91.0 90.8 -4.6 -0.3 -0.8 -0.3 -0.2 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.693 92.1 92.0 -4.3 0.1 -0.2 0.0 -0.1 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 15.176 90.4 90.1 -4.9 -0.5 -1.2 -0.4 -0.3 10 Agricultural industrial supplies & materials 1.709 87.2 87.5 -5.5 -1.4 1.0 -0.9 0.3 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 23.159 91.3 91.1 -4.5 -0.3 -0.9 -0.3 -0.2 11 Fuels & lubricants 2.304 102.0 102.1 -7.2 -0.9 -2.6 -1.3 0.1 12 Nonagricultural supplies & materials excluding fuels & building materials 19.370 89.5 89.3 -3.8 -0.1 -0.8 -0.1 -0.2 13 Selected building materials 1.485 87.5 86.5 -9.3 -0.7 -0.6 -0.6 -1.1 2 CAPITAL GOODS 44.252 98.2 98.2 -1.9 0.0 -0.3 -0.3 0.0 20 Electric & electrical generating Equipment 4.469 100.8 100.8 0.2 -0.6 0.2 -0.5 0.0 21 Nonelectrical machinery 34.253 95.2 95.2 -2.8 0.0 -0.3 -0.3 0.0 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 9.878 102.3 102.3 0.2 -0.1 0.0 0.1 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 12.054 102.2 102.4 0.5 0.0 0.0 -0.3 0.2 40 Nondurables, manufactured 6.367 102.1 102.1 0.9 0.0 0.1 -0.2 0.0 41 Durables, manufactured 5.109 101.1 101.5 -0.6 -0.1 -0.3 -0.2 0.4 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for February, March and April 1998 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, May 1997-May 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April SITC Description 1997 1998 1998 1998 1998 Rev. 3 April April May to to to to to 1998 1998 1998 May Feb. March April May 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES 100.000 93.3 93.2 -5.2 -0.9 -0.8 -0.3 -0.1 0 FOOD AND LIVE ANIMALS 4.225 99.4 97.6 -4.4 -1.7 0.4 1.5 -1.8 01 Meat and meat preparations 0.365 101.7 101.2 -2.2 0.0 -0.1 0.5 -0.5 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 1.107 107.4 107.5 5.3 0.9 0.7 0.3 0.1 05 Vegetables, fruit and nuts, fresh or dried 1.110 100.9 99.0 -2.0 -8.8 2.0 5.4 -1.9 07 Coffee, tea, cocoa, spices and manufactures thereof 0.680 92.9 86.1 -20.1 2.5 -3.2 -1.2 -7.3 3/ Other food and live animals (9612=100) 0.963 97.9 97.2 -5.6 -0.2 1.0 1.3 -0.7 1 BEVERAGES AND TOBACCO 0.894 109.2 109.3 2.1 0.5 -0.3 0.0 0.1 11 Beverages 0.752 105.8 105.9 2.3 0.5 -0.1 0.0 0.1 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 2.899 89.7 88.8 -11.0 4.0 -4.3 -1.4 -1.0 23 Crude rubber (including synthetic and reclaimed) 0.211 60.5 56.9 -30.7 4.0 -3.1 -3.8 -6.0 24 Cork and wood 1.051 110.1 106.7 -15.9 0.3 0.5 -0.5 -3.1 25 Pulp and waste paper 0.370 63.7 62.9 -2.3 -5.6 -0.5 -0.8 -1.3 28 Metalliferous ores and metal scrap 0.643 100.6 100.5 -4.8 -0.3 0.4 0.2 -0.1 29 Crude animal and vegetable materials, n.e.s. (9612=100) 0.275 102.0 112.1 -5.1 45.7 -30.5 -7.3 9.9 3/ Other crude materials, inedible, except fuels (9612=100) 0.349 92.9 91.7 -4.5 -0.8 0.0 -1.6 -1.3 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 7.355 80.8 81.7 -23.4 -6.7 -8.0 0.7 1.1 33 Petroleum, petroleum products and related materials 6.149 77.1 78.2 -26.5 -6.7 -9.2 1.4 1.4 34 Gas, natural and manufactured 1.076 111.4 111.1 -0.8 -7.9 -2.4 -2.7 -0.3 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 5.640 93.0 93.9 -2.7 -0.3 -0.6 -0.3 1.0 51 Organic chemicals 1.562 90.2 91.7 -5.0 -1.1 -1.1 -1.6 1.7 52 Inorganic chemicals 0.683 95.6 97.8 -3.0 0.1 0.6 0.8 2.3 53 Dyeing, tanning and coloring materials 0.294 94.7 94.8 -2.4 -0.4 0.0 -0.2 0.1 54 Medicinal and pharmaceutical products 0.941 95.3 95.4 0.0 -0.6 0.0 -0.5 0.1 55 Essential oils; polishing and cleansing preps 0.324 94.1 94.6 -4.2 0.1 -2.0 -0.3 0.5 57 Plastics in primary forms 0.392 94.1 94.1 3.5 4.4 -2.2 -0.3 0.0 58 Plastics in nonprimary forms 0.543 81.9 81.7 -4.8 0.0 -1.3 0.5 -0.2 59 Chemical materials and products, n.e.s. 0.672 101.3 101.8 -2.3 -1.5 0.3 -0.4 0.5 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 12.881 94.6 94.7 -1.8 -0.4 -0.1 -0.1 0.1 62 Rubber manufactures, n.e.s. 0.748 95.2 95.1 -2.4 0.0 -0.1 0.1 -0.1 63 Cork and wood manufactures other than furniture 0.544 92.3 92.0 -7.5 -3.0 -1.6 -0.6 -0.3 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.670 88.0 87.7 -0.2 -0.1 0.5 0.1 -0.3 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.450 98.0 97.3 -3.0 -1.0 0.0 0.1 -0.7 66 Nonmetallic mineral manufactures, n.e.s. 2.201 100.8 100.7 -2.4 -0.6 -0.1 0.2 -0.1 67 Iron and steel 2.090 94.3 93.9 -2.7 -0.2 -0.9 -0.6 -0.4 68 Nonferrous metals 1.985 91.8 94.0 2.4 0.1 0.7 0.7 2.4 69 Manufactures of metals, n.e.s. 2.030 96.9 96.3 -2.6 -0.4 -0.2 -0.4 -0.6 7 MACHINERY AND TRANSPORT EQUIPMENT 47.663 92.4 92.1 -3.6 -0.4 -0.3 -0.5 -0.3 71 Power generating machinery and equipment (9612=100) 3.082 98.0 97.9 -1.3 -0.2 0.2 -1.9 -0.1 72 Machinery specialized for particular industries 2.769 97.6 97.5 -1.4 -0.6 0.0 -0.5 -0.1 73 Metalworking machinery 0.851 97.0 96.9 -1.1 -0.7 0.2 -0.6 -0.1 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.523 96.2 96.4 -1.5 -0.6 0.1 -0.4 0.2 75 Computer equipment and office machines 6.775 71.8 70.7 -13.7 -1.5 -1.9 -1.6 -1.5 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.659 90.7 90.6 -2.7 -0.5 -0.2 0.0 -0.1 77 Electrical machinery and equipment 9.583 85.2 85.1 -5.2 -0.6 -0.1 -0.5 -0.1 78 Road vehicles 15.335 101.5 101.2 0.8 -0.1 0.2 0.0 -0.3 8 MISCELLANEOUS MANUFACTURED ARTICLES 18.006 98.7 98.6 -1.7 -0.3 -0.1 -0.5 -0.1 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s. 0.397 95.1 95.2 -0.7 -0.6 0.4 -0.7 0.1 82 Furniture and parts thereof 1.320 102.8 102.9 -0.4 -0.2 -0.2 -0.1 0.1 83 Travel goods, handbags and similar containers 0.518 99.5 100.4 -0.7 -0.6 -1.3 0.0 0.9 84 Articles of apparel and clothing accessories 6.089 102.6 102.5 -0.4 0.0 -0.2 -0.1 -0.1 85 Footwear 1.843 100.6 100.7 -0.2 -0.1 -0.4 -0.1 0.1 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.625 94.7 95.1 -1.6 -0.3 -0.3 -0.4 0.4 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.368 91.6 91.2 -3.3 -0.2 -0.3 -0.2 -0.4 89 Miscellaneous manufactured articles, n.e.s. 4.847 96.2 95.8 -3.9 -0.5 0.2 -1.3 -0.4 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for February, March and April 1998 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 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, May 1997-May 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April SITC Description 1997 1998 1998 1998 1998 Rev. 3 April April May to to to to to 1998 1998 1998 May Feb. March April May 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES 100.000 96.5 96.6 -2.8 -0.3 -0.3 -0.4 0.1 0 FOOD AND LIVE ANIMALS 7.223 91.2 91.5 -9.6 -2.5 0.0 -1.4 0.3 01 Meat and meat preparations 1.122 92.2 93.7 -2.1 -0.5 1.3 0.1 1.6 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 0.511 82.5 82.2 -4.3 -9.9 2.9 -0.6 -0.4 04 Cereals and cereal preparations 2.598 86.2 85.9 -13.8 2.9 -1.2 -4.6 -0.3 05 Vegetables, fruit and nuts, fresh or dried 1.375 95.0 97.6 -3.1 -11.2 3.5 3.6 2.7 08 Feeding stuff for animals (not including unmilled cereals) 0.696 97.6 93.5 -26.7 -2.8 -3.6 -3.5 -4.2 09 Miscellaneous edible products and preparations 0.397 104.9 104.9 1.1 -0.1 0.0 0.1 0.0 3/ Other food and live animals (9612=100) 0.524 96.8 98.4 -4.3 -4.3 -2.9 1.4 1.7 1 BEVERAGES AND TOBACCO 1.517 100.0 99.9 -0.5 0.2 0.0 -0.2 -0.1 12 Tobacco and tobacco manufactures 1.250 99.9 99.8 -0.6 0.2 0.3 -0.3 -0.1 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 5.489 83.2 83.0 -10.8 0.4 -0.9 -1.2 -0.2 21 Hides, skins and furskins, raw 0.292 87.9 85.9 -21.9 3.0 8.2 -2.4 -2.3 22 Oil seeds and oleaginous fruits 1.167 105.4 106.7 -21.6 2.1 -4.2 -2.8 1.2 24 Cork and wood 0.891 84.1 82.5 -12.4 -0.7 -1.3 0.0 -1.9 25 Pulp and waste paper 0.754 64.2 63.5 5.0 1.4 0.5 -1.2 -1.1 26 Textile fibers and their waste 0.772 76.4 77.3 -7.2 -0.3 -0.5 -1.5 1.2 27 Crude fertilizers and crude minerals 0.338 97.1 97.0 -0.3 -0.3 -0.1 0.0 -0.1 28 Metalliferous ores and metal scrap 0.846 80.5 80.2 -10.5 -0.9 -2.1 1.0 -0.4 3/ Other crude materials, inedible, except fuels (9612=100) 0.430 100.2 98.3 -1.9 -1.4 1.1 -1.5 -1.9 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 2.055 104.5 104.6 -5.5 -0.8 -1.9 -1.8 0.1 32 Coal, coke and briquettes 0.690 99.7 99.7 -2.6 0.0 0.0 -1.3 0.0 33 Petroleum, petroleum products and related materials 1.206 108.6 108.9 -9.2 -1.5 -3.3 -1.7 0.3 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.485 101.4 106.6 13.9 -3.1 -0.5 0.6 5.1 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 10.748 93.4 92.9 -3.9 -0.4 -1.0 -0.2 -0.5 51 Organic chemicals 2.392 77.7 77.3 -9.4 -1.1 -2.5 -1.9 -0.5 52 Inorganic chemicals 0.889 104.0 104.0 4.2 0.8 -1.4 2.0 0.0 53 Dyeing, tanning and coloring materials 0.502 102.1 100.3 -1.3 -0.1 0.0 0.0 -1.8 54 Medicinal and pharmaceutical products 1.250 101.6 101.6 0.1 -0.3 0.7 -0.7 0.0 55 Essential oils; polishing and cleansing preps 0.755 101.2 101.4 -1.4 0.7 -0.5 -0.3 0.2 56 Fertilizers (9612=100) 0.562 94.0 95.3 0.6 -3.0 1.2 2.2 1.4 57 Plastics in primary forms 1.800 90.7 90.2 -7.6 -0.5 -0.9 -1.0 -0.6 58 Plastics in nonprimary forms 0.846 99.8 99.1 -0.2 -0.1 -0.5 0.1 -0.7 59 Chemical materials and products, n.e.s. 1.752 101.8 100.4 -3.6 -0.1 -1.3 1.3 -1.4 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.861 98.3 98.1 0.4 0.4 -0.2 0.0 -0.2 62 Rubber manufactures, n.e.s. 0.675 102.0 101.7 -1.4 0.0 0.3 -0.1 -0.3 63 Cork and wood manufactures other than furniture 0.294 91.0 90.6 0.7 0.1 1.2 -1.3 -0.4 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.549 84.6 84.1 1.4 0.4 -0.4 -0.1 -0.6 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.438 103.6 102.6 -0.5 -0.2 0.2 0.0 -1.0 66 Nonmetallic mineral manufactures, n.e.s. 1.349 107.0 106.9 2.7 0.6 -0.3 0.0 -0.1 67 Iron and steel 1.097 100.7 100.4 -2.5 0.0 -1.7 0.0 -0.3 68 Nonferrous metals 1.293 91.5 92.9 1.3 2.0 0.0 0.2 1.5 69 Manufactures of metals, n.e.s. 2.012 104.8 104.5 0.8 0.3 -0.1 -0.2 -0.3 7 MACHINERY AND TRANSPORT EQUIPMENT 50.569 99.1 99.2 -1.2 -0.1 -0.2 -0.2 0.1 71 Power generating machinery and equipment 4.348 107.0 107.0 0.9 -0.1 0.1 0.2 0.0 72 Machinery specialized for particular industries 4.746 104.8 105.1 0.8 0.5 -0.1 -0.2 0.3 73 Metalworking machinery 0.998 107.8 107.7 3.7 0.8 0.4 0.0 -0.1 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 5.102 105.9 106.2 1.4 0.0 0.2 0.1 0.3 75 Computer equipment and office machines 6.297 78.9 78.8 -7.4 -0.4 -0.9 -1.1 -0.1 76 Telecommunications & sound recording & reproducing apparatus & equipment 3.801 98.3 98.9 -0.7 -0.3 0.2 -0.2 0.6 77 Electrical machinery and equipment 11.577 92.8 92.7 -4.2 -0.4 -0.5 -0.3 -0.1 78 Road vehicles 9.182 101.9 101.9 0.2 -0.1 -0.1 0.1 0.0 8 MISCELLANEOUS MANUFACTURED ARTICLES 11.319 101.3 101.1 -0.5 0.1 0.0 -0.1 -0.2 82 Furniture and parts thereof 0.646 104.5 104.5 0.6 0.4 0.1 0.1 0.0 84 Articles of apparel and clothing accessories 1.297 103.8 103.8 2.4 0.0 0.2 0.0 0.0 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.754 103.6 103.8 0.5 0.1 0.0 0.0 0.2 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s. 0.925 95.3 94.1 -4.2 -0.1 1.5 -0.2 -1.3 89 Miscellaneous manufactured articles, n.e.s. 4.229 99.0 98.8 -1.8 0.0 -0.5 -0.4 -0.2 3/ Other miscellaneous manufactured articles (9612=100) 0.468 102.4 102.4 1.5 0.7 0.0 0.3 0.0 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for February, March and April 1998 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, May 1997-May 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance May Jan. Feb. March April nized Description 1997 1998 1998 1998 1998 System April April May to to to to to 1998 1998 1998 May Feb. March April May 1/ 2/ 1998 1998 1998 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS 1.673 104.3 104.2 1.6 0.5 0.8 0.7 -0.1 02 Meat and edible meat offal 0.289 99.3 99.2 0.9 -0.2 0.1 1.7 -0.1 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.963 107.0 107.6 4.4 0.7 0.0 -0.6 0.6 3/ Other live animals and animal products (9612=100) 0.420 104.2 102.7 -3.9 0.2 3.4 3.0 -1.4 II VEGETABLE PRODUCTS 1.610 89.7 88.6 -7.4 -0.9 -3.7 1.5 -1.2 07 Edible vegetables and certain roots and tubers 0.301 106.8 102.3 4.1 -26.5 9.3 8.6 -4.2 08 Edible fruit and nuts; peel of citrus fruit or melons 0.466 99.5 98.6 -5.1 0.6 -0.3 3.4 -0.9 09 Coffee, tea, mate and spices 0.445 87.9 84.3 -13.3 -0.2 0.1 0.3 -4.1 3/ Other vegetable products 0.399 88.2 91.5 -10.4 17.9 -16.9 -4.0 3.7 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 2.147 101.0 101.3 -0.1 -0.2 -0.3 0.3 0.3 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.275 88.0 87.9 -5.7 -1.0 -1.2 0.8 -0.1 22 Beverages, spirits, and vinegar 0.774 103.6 103.8 0.8 0.4 -0.4 -0.5 0.2 3/ Other prepared foodstuffs (9612=100) 1.097 100.5 101.0 0.9 -0.3 0.0 0.7 0.5 V MINERAL PRODUCTS 8.012 82.4 83.0 -21.8 -6.3 -7.5 0.7 0.7 26 Ores, slag and ash 0.307 102.4 102.0 -1.6 0.0 0.2 0.3 -0.4 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 7.467 81.1 81.9 -22.9 -6.7 -7.9 0.6 1.0 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 5.293 95.9 96.7 -3.3 -0.7 -0.3 -0.3 0.8 28 Inorganic chemicals 0.860 99.5 101.7 -3.2 -0.4 0.8 0.5 2.2 29 Organic chemicals 1.997 91.6 92.3 -4.5 -0.6 -0.7 -1.3 0.8 30 Pharmaceutical products 0.573 101.2 101.8 0.0 -1.7 0.1 -0.2 0.6 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.292 92.9 92.9 -3.2 -0.6 0.0 -0.2 0.0 37 Photographic or cinematographic goods 0.363 96.2 96.2 -4.2 -0.4 -0.3 0.0 0.0 38 Miscellaneous chemical products (9612=100) 0.421 95.4 96.2 -2.4 -2.1 -0.6 -0.5 0.8 3/ Other products of the chemical or allied industries (9612=100) 0.788 96.7 96.9 -2.8 0.3 -0.6 1.2 0.2 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.816 88.8 88.4 -4.8 0.7 -1.2 -0.6 -0.5 39 Plastics and articles thereof 1.769 92.4 92.3 -2.3 0.4 -1.1 -0.4 -0.1 40 Rubber and articles thereof 1.047 83.4 82.6 -8.8 0.8 -1.2 -1.0 -1.0 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 1.028 101.2 101.9 -2.0 -0.5 -1.2 -0.3 0.7 42 Articles of leather; travel goods, bags, etc. of various materials 0.831 99.9 100.5 -1.2 -0.5 -0.9 0.0 0.6 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.650 102.6 100.3 -12.7 -0.4 0.0 -0.3 -2.2 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.422 83.7 83.5 -1.1 -1.1 0.6 -0.5 -0.2 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.369 64.0 63.3 -3.1 -5.7 -0.5 -1.2 -1.1 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.687 88.8 88.6 -0.3 -0.1 0.5 0.1 -0.2 49 Printed matter 0.366 99.4 99.4 -2.4 -0.4 2.5 -2.0 0.0 XI TEXTILE AND TEXTILE ARTICLES 7.167 101.0 100.9 -1.0 -0.4 -0.1 -0.2 -0.1 61 Articles of apparel and clothing accessories, knitted or crocheted 2.135 101.9 101.9 0.6 0.0 0.0 0.0 0.0 62 Articles of apparel and clothing accessories, not knitted or crocheted 3.456 103.3 103.2 -0.9 -0.1 -0.3 -0.1 -0.1 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.345 94.3 94.1 -2.9 -0.2 -0.3 0.4 -0.2 3/ Other textile & textile articles (9612=100) 1.230 98.2 97.5 -3.4 -1.3 -0.1 -0.5 -0.7 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 2.156 100.8 100.9 -0.2 -0.2 -0.3 -0.1 0.1 64 Footwear, gaiters and the like; parts of such articles 1.854 100.4 100.5 -0.2 -0.2 -0.5 0.0 0.1 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 0.302 101.9 101.9 0.4 0.0 0.3 0.1 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.178 100.9 100.8 -2.6 -0.8 0.3 -0.2 -0.1 69 Ceramic products 0.446 97.9 98.0 -2.6 -1.4 0.3 -0.1 0.1 70 Glass and glassware 0.456 100.8 100.4 -4.0 -0.3 0.2 0.0 -0.4 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 2.332 100.2 101.6 4.0 1.1 2.1 1.2 1.4 XV BASE METALS AND ARTICLES OF BASE METAL 5.885 91.1 91.0 -4.7 -0.5 -0.9 -0.4 -0.1 72 Iron and steel 1.798 93.6 93.3 -2.3 -0.1 -1.1 -0.4 -0.3 73 Articles of iron or steel 1.317 95.1 94.7 -3.6 -0.3 -0.8 -0.2 -0.4 74 Copper and articles thereof 0.404 71.6 72.4 -14.3 -1.1 -1.8 -0.7 1.1 76 Aluminum and articles thereof 0.965 88.3 88.1 -5.2 -1.4 -1.0 -1.2 -0.2 83 Miscellaneous articles of base metal 0.425 100.3 98.9 -4.1 0.0 1.1 -1.6 -1.4 3/ Miscellaneous nonferrous metals and articles, including scrap (9612=100) 0.514 98.4 99.3 -10.9 -1.1 -1.6 1.7 0.9 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 30.324 86.1 85.7 -6.6 -0.8 -0.3 -0.8 -0.5 84 Specialized machinery & computer equipment 15.757 86.2 85.6 -8.2 -0.9 -0.5 -1.3 -0.7 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 14.567 85.9 85.7 -5.1 -0.8 0.0 -0.5 -0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 16.593 101.5 101.3 0.7 0.0 0.1 0.0 -0.2 87 Motor vehicles and their parts 15.673 101.2 101.0 0.7 0.0 0.1 0.0 -0.2 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES 3.637 92.3 92.2 -1.9 -0.3 -0.4 -0.2 -0.1 90 Optical, photographic, measuring and medical instruments 3.104 92.2 92.1 -1.9 -0.3 -0.5 -0.1 -0.1 91 Clocks and watches and parts thereof 0.387 93.0 92.8 -1.4 0.3 -0.7 -0.3 -0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.826 98.5 98.5 -1.4 -0.2 -0.1 -0.8 0.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.662 99.8 99.8 -0.6 -0.2 0.0 -0.3 0.0 95 Toys, games and sports equipment; parts and accessories thereof 1.869 98.3 98.3 -2.4 -0.2 -0.2 -1.4 0.0 96 Miscellaneous manufactured articles 0.295 93.2 93.4 0.1 -0.3 0.1 0.0 0.2 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for February, March and April 1998 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, May 1997-May 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance May Jan. Feb. March April nized Description 1997 1998 1998 1998 1998 System April April May to to to to to 1998 1998 1998 May Feb. March April May 1/ 2/ 1998 1998 1998 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS 1.827 89.8 91.3 -3.4 -4.1 1.5 0.0 1.7 02 Meat & edible meat offal 1.032 89.2 90.3 -3.5 0.0 1.4 -0.3 1.2 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.451 80.1 81.3 -3.7 -12.2 4.8 -0.5 1.5 3/ Other live animals and animal products (9612=100) 0.344 92.8 95.6 -2.9 -4.8 -2.6 1.8 3.0 II VEGETABLE PRODUCTS 5.032 92.4 92.7 -12.9 -0.6 -0.8 -2.7 0.3 07 Edible vegetables and certain roots and tubers 0.333 103.5 110.0 15.1 -29.3 7.0 8.2 6.3 08 Edible fruit and nuts; peel of citrus fruit or melons 0.687 92.0 92.4 -6.2 -3.0 0.6 1.2 0.4 10 Cereals 2.369 84.6 84.4 -14.7 3.2 -1.4 -5.2 -0.2 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.381 108.5 108.5 -18.4 1.6 -2.8 -2.4 0.0 III ANIMAL OR VEGETABLE FATS AND OILS 0.531 103.4 107.9 15.0 -3.0 -0.5 1.0 4.4 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.437 98.6 97.6 -7.7 -0.8 -0.5 -0.5 -1.0 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.346 95.2 94.6 -11.8 -1.0 3.5 0.3 -0.6 21 Miscellaneous edible preparations 0.369 105.9 105.9 0.9 0.0 0.0 0.0 0.0 22 Beverages, spirits, and vinegar 0.331 98.2 97.7 -1.8 0.0 -1.6 0.2 -0.5 23 Residues and waste from the food industries; prepared animal feed 0.616 93.4 90.1 -27.4 -3.9 -3.8 -2.5 -3.5 24 Tobacco and manufactured tobacco substitutes 1.259 100.0 99.9 -0.5 0.2 0.2 -0.2 -0.1 3/ Other prepared foods 0.515 101.8 100.2 0.0 0.0 -0.1 0.0 -1.6 V MINERAL PRODUCTS 2.642 102.2 102.0 -6.1 -1.0 -1.9 -0.8 -0.2 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 2.105 105.4 105.4 -6.6 -1.0 -2.1 -1.6 0.0 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 8.695 93.7 93.4 -3.9 -0.4 -1.0 0.0 -0.3 28 Inorganic chemicals 0.955 103.0 102.9 0.9 1.1 -3.0 3.3 -0.1 29 Organic chemicals 2.685 80.9 80.7 -9.3 -1.1 -2.4 -1.7 -0.2 30 Pharmaceutical products 0.926 103.9 103.9 3.2 0.0 1.6 -0.9 0.0 31 Fertilizers (9612=100) 0.625 94.0 95.3 0.6 -3.0 1.2 2.2 1.4 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.511 101.7 100.4 -0.8 -0.1 0.0 0.0 -1.3 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.537 102.9 103.3 -0.3 1.4 -0.2 -0.3 0.4 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.317 102.5 102.3 1.0 -1.0 -0.1 -0.5 -0.2 37 Photographic or cinematographic goods 0.396 86.6 86.2 -8.8 -0.2 0.7 -0.5 -0.5 38 Miscellaneous chemical products 1.518 100.6 99.1 -4.6 0.2 -1.1 1.1 -1.5 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.315 94.9 94.4 -4.2 -0.2 -0.8 -0.4 -0.5 39 Plastics and articles thereof 3.417 94.3 93.7 -4.5 -0.2 -1.0 -0.3 -0.6 40 Rubber and articles thereof 0.898 97.6 97.1 -3.1 0.0 0.0 -0.6 -0.5 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.525 88.6 87.4 -14.8 -0.1 3.2 -0.6 -1.4 41 Raw hides and skins (other than furskins) and leather 0.376 85.3 83.7 -16.0 0.0 6.6 -1.7 -1.9 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.208 86.2 84.9 -9.6 -0.6 -0.7 -0.3 -1.5 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 3.017 78.2 78.2 3.2 0.3 -0.4 -0.4 0.0 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.691 61.2 60.8 5.6 -0.8 -0.2 -1.3 -0.7 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.518 85.3 84.6 2.3 0.4 -0.4 -0.1 -0.8 49 Printed material 0.808 107.0 109.0 3.1 0.6 -0.3 0.0 1.9 XI TEXTILE AND TEXTILE ARTICLES 3.243 92.1 92.0 -1.5 -0.2 -0.1 -0.4 -0.1 52 Cotton, including yarns and woven fabrics thereof 0.665 76.2 77.5 -6.6 -0.6 -0.3 -1.6 1.7 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. 0.865 103.6 103.6 0.4 1.0 0.0 -0.4 0.0 70 Glass and glassware 0.497 101.9 101.9 0.9 0.2 0.0 0.0 0.0 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.915 97.3 102.8 6.4 2.3 1.7 0.5 5.7 XV BASE METALS AND ARTICLES OF BASE METALS 4.567 93.6 93.1 -3.4 0.2 -0.8 -0.1 -0.5 72 Iron and steel 0.925 87.8 86.8 -7.2 -0.6 -1.4 -1.0 -1.1 73 Articles of iron or steel 1.284 108.6 108.2 1.9 0.2 -0.1 -0.4 -0.4 74 Copper and articles thereof 0.375 70.9 72.1 -17.6 -0.6 -1.8 2.6 1.7 76 Aluminum and articles thereof 0.877 87.1 85.5 -3.8 0.9 -1.3 -0.7 -1.8 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof 0.421 104.1 104.1 1.1 -0.2 0.2 0.0 0.0 83 Miscellaneous articles of base metal 0.379 100.5 100.5 0.7 0.3 0.0 0.2 0.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 36.766 94.9 95.0 -2.8 -0.1 -0.4 -0.4 0.1 84 Specialized machinery & computer equipment 20.476 96.0 96.0 -2.0 0.1 -0.3 -0.3 0.0 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 16.290 93.7 93.7 -3.9 -0.3 -0.6 -0.3 0.0 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 13.916 105.1 105.1 1.3 0.0 0.0 0.1 0.0 87 Motor vehicles and their parts 9.617 102.0 102.0 0.2 -0.1 0.0 0.0 0.0 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES 5.471 102.5 102.1 0.0 0.2 0.2 0.0 -0.4 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.806 102.7 102.6 0.4 0.2 0.0 0.1 -0.1 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.891 104.7 104.7 0.7 0.6 0.1 0.1 0.0 95 Toys, games and sports equipment; parts and accessories thereof 0.740 100.7 100.7 0.2 -0.3 0.0 0.0 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for February, March and April 1998 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, May 1997-May 1998 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports May Jan. Feb. March April Description 1/ 1997 1998 1998 1998 1998 1995 April May to to to to to 1998 1998 May Feb. March April May 2/ 1998 1998 1998 1998 1998 3/ Developed Countries 55.6 95.4 95.5 -1.8 -0.5 0.0 -0.1 0.1 Manufactured Goods 52.2 96.0 96.2 -0.8 -0.2 0.1 0.0 0.2 Nonmanufactured Goods 3.1 88.8 88.7 -16.3 -5.5 -2.2 -1.2 -0.1 3/ Developing Countries 42.7 94.3 94.1 -7.8 -1.0 -1.7 -0.3 -0.2 Manufactured Goods 35.4 95.1 95.0 -4.8 -0.4 -0.6 -0.6 -0.1 Nonmanufactured Goods 7.1 85.1 84.9 -21.2 -3.8 -7.0 1.2 -0.2 Canada 18.9 96.4 96.9 -2.3 -1.1 -0.3 0.1 0.5 Manufactured Goods 16.5 97.5 98.0 -0.6 -0.6 -0.1 0.2 0.5 Nonmanufactured Goods 2.2 91.2 91.9 -14.5 -5.4 -1.9 -1.1 0.8 4/ European Union 17.0 99.4 99.8 -1.1 -0.4 -0.3 -0.6 0.4 Manufactured Goods 16.4 99.9 100.3 -0.4 -0.3 -0.2 -0.5 0.4 Nonmanufactured Goods 0.5 86.2 85.4 -23.2 -3.7 -2.8 -5.2 -0.9 5/ Latin America (9712=100) 14.1 94.5 95.2 n.a. -0.7 -2.2 -0.2 0.7 Manufactured Goods (9712=100) 10.4 96.8 97.7 n.a. -0.8 -0.6 -0.9 0.9 Nonmanufactured Goods (9712=100) 3.5 87.9 87.9 n.a. -0.8 -6.9 2.3 0.0 Japan 16.6 89.4 89.1 -4.0 -0.3 0.2 -0.6 -0.3 6/ Asian Newly Industrialized Countries 10.9 88.9 87.9 -8.3 -0.5 -0.8 -1.0 -1.1 1 Regions are not mutually exclusive. 2 Data for February, March and April 1998 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 Mexico, Central America, South America, and the Caribbean. 6 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. March 1997-March 1998 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade March March June Sept. Dec. Description (Mil. 1997 1997 1997 1997 1997 of Dec. March to to to to to Dollars) 1997 1998 March June Sept. Dec. March 1998 1997 1997 1997 1998 IMPORT Air Freight 3188 86.6 80.5 -10.7 0.3 -2.0 -2.3 -7.0 Atlantic 1278 90.2 85.8 -5.9 -1.0 -4.3 4.4 -4.9 Pacific 1674 84.7 76.3 -15.7 1.4 -0.3 -7.4 -9.9 Air Passenger Fares 11127 104.3 103.3 2.8 12.6 -1.5 -6.5 -1.0 1/ Atlantic 4922 100.4 98.9 -1.4 20.8 0.7 -17.8 -1.5 1/ Pacific 2340 106.2 98.3 0.2 13.6 -9.8 5.7 -7.4 1/ Latin American / Caribbean 3021 105.2 106.9 1.7 1.0 -0.2 -0.7 1.6 1/ Crude Oil Tanker Freight 1346 95.6 n.a. n.a. 2.2 -9.7 3.9 n.a. Ocean Liner Freight 9868 93.5 93.4 -4.7 -0.9 -1.9 -1.9 -0.1 U.S. East Coast 4271 96.7 96.5 -4.0 0.1 -2.3 -1.6 -0.2 from Atlantic 1952 96.7 97.2 -3.2 -0.5 -1.6 -1.6 0.5 from Pacific 1774 94.8 94.8 -5.4 0.6 -3.8 -2.3 0.0 1/ U.S. West Coast 5596 90.6 90.5 -5.1 -1.6 -1.6 -1.9 -0.1 EXPORT Air Freight (9612 = 100) 2562 93.3 94.9 -3.7 -0.7 -1.2 -3.4 1.7 Air Passenger Fares 17272 92.1 94.3 5.0 14.7 -2.9 -7.9 2.4 1/ Atlantic 4120 101.4 101.7 3.1 11.3 -0.2 -7.4 0.3 1/ Pacific 10700 78.1 79.6 5.4 20.7 -5.2 -9.6 1.9 Latin American / Caribbean 1392 106.5 107.3 5.4 5.0 0.6 -0.9 0.8 Canadian 1006 147.0 166.1 7.2 1.3 0.3 -6.7 13.0 1 Detailed data available upon reque n.a. Not available. Table 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. March 1997-March 1998 1995 = 100 Index Percent Change Annual Quarterly Trade March March June Sept. Dec. Description (Mil. 1997 1997 1997 1997 1997 of Dec. March to to to to to Dollars) 1997 1998 March June Sept. Dec. March 1998 1997 1997 1997 1998 Air Freight (Inbound) 5495 86.5 82.9 -7.4 0.4 -1.6 -2.3 -4.2 Atlantic 1880 89.6 85.4 -4.8 -0.9 -3.7 4.7 -4.7 Pacific 3151 84.9 81.3 -9.5 1.4 -0.1 -6.7 -4.2 Air Freight (Outbound) 5835 97.7 97.2 -2.6 -0.6 0.4 -1.9 -0.5 Atlantic 2080 101.1 101.0 1.1 -0.5 1.7 0.0 -0.1 Pacific 3222 96.3 95.5 -4.8 -0.3 -0.3 -3.4 -0.8 Air Passenger Fares (U.S. Carrier) 30673 99.5 99.3 2.3 15.4 -2.6 -8.9 -0.2 1/ Atlantic 8811 97.8 94.2 -3.4 21.3 0.6 -17.8 -3.7 1/ Pacific 15900 90.2 89.9 4.1 18.2 -6.1 -5.9 -0.3 1/ Latin American / Caribbean 4542 109.2 110.8 3.7 2.6 0.8 -1.2 1.5 Canadian 1367 154.1 173.6 11.5 3.5 0.6 -5.0 12.7 Air Passenger Fares (Foreign Carrier) 31694 99.7 97.7 -0.8 7.7 -1.4 -4.7 -2.0 1/ Atlantic 13572 100.5 98.8 1.8 13.5 1.3 -9.9 -1.7 1/ Pacific 12570 89.2 84.9 -8.0 4.4 -5.6 -2.0 -4.8 1/ Latin American / Caribbean 4224 104.8 105.3 0.8 0.3 -0.4 0.4 0.5 1/ Crude Oil Tanker Freight (Inbound) 1949 103.2 n.a. n.a. 0.8 -9.6 5.5 n.a. Ocean Liner Freight (Inbound) 12253 92.9 92.7 -5.0 -0.8 -2.0 -2.1 -0.2 U.S. East Coast 5410 95.7 95.4 -4.4 -0.2 -2.6 -1.3 -0.3 from Atlantic 2647 94.8 95.2 -4.2 -0.7 -2.7 -1.3 0.4 from Pacific 1874 93.1 93.1 -5.4 0.5 -3.7 -2.2 0.0 1/ U.S. West Coast 6844 90.2 90.2 -5.5 -1.4 -1.4 -2.8 0.0 1 Detailed data available upon reque n.a. Not available. 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 and the publication of these indexes is lagged one quarter. 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 ______ 5. Locality of Origin Indexes ------ 6. Services Indexes ------ Name______________________________________________ Address___________________________________________ ____________________________________ ____________________________________ ____________________________________ Phone Number ( ) ______________________