Technical Information: USDL-07-0843 (202) 691-7101 Transmission of This Media contact: Material Is Embargoed (202) 691-5902 Until 8:30 A.M. E.D.T. Internet Address: http://www.bls.gov/mxp Wednesday, June 13, 2007 U.S. IMPORT AND EXPORT PRICE INDEXES - MAY 2007 - The U.S. Import Price Index rose 0.9 percent in May, the Bureau of Labor Statistics of the U.S. Department of Labor reported today, following a 1.4 percent advance in April. Higher prices for both petroleum and nonpetroleum imports contributed to the increase. Export prices also advanced in May, rising 0.1 percent after a 0.3 percent increase 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 2006 May 1.8 6.4 0.7 0.7 0.6 0.7 June 0.1 -1.1 0.4 0.7 2.6 0.6 July 0.8 3.6 0.0 0.4 1.9 0.2 August 0.5 1.0 0.5 0.4 0.9 0.5 September -2.2 -11.0 0.1 -0.4 -0.5 -0.4 October -2.5 -10.4 -0.6 -0.3 1.0 -0.5 November 0.4 -1.6 1.0 0.4 4.4 0.1 December 1.1 4.0 0.5 0.6 2.4 0.5 2007 January -1.2 -6.6 -0.1 0.4 0.6 0.5 February 0.4 1.7 0.0 0.8 2.8 0.6 March 1.6 r 8.7 r 0.3 0.7 r 2.1 r 0.5 April 1.4 r 6.6 r 0.3 r 0.3 -1.4 r 0.5 r May 0.9 2.7 0.5 0.1 0.0 0.2 May 2005-06 8.6 47.2 1.6 3.5 -1.5 3.9 May 2006-07 1.1 -4.6 2.8 4.3 18.2 3.4 r = revised to reflect late reports and corrections by respondents. Import Goods Prices for overall imports increased 0.9 percent in May after rising 3.3 percent over the previous three months. Petroleum prices rose 2.7 percent in May after increases of 6.6 percent and 8.7 percent, respectively, in April and March. Despite the recent increases, the price index for petroleum imports declined 4.6 percent over the past year. Prices for nonpetroleum imports also increased in May, rising 0.5 percent, following a 0.3 percent advance in April. The May increase was the largest since a similar 0.5 percent rise in December. Nonpetroleum import prices increased 2.8 percent over the past 12 months while overall import prices rose 1.1 percent over the past year. The May increase in nonpetroleum import prices was led by a continued rise in the price index for nonpetroleum industrial supplies and materials, which increased 1.8 percent for the month and 8.2 percent for the year ended in May. Higher metals prices led the advance as copper prices rose 15.4 percent for the second consecutive month. Foods, feeds, and beverages prices and automotive vehicle prices also contributed to the increase in nonpetroleum import prices, rising 0.9 percent and 0.2 percent, respectively. For the year ended in May, prices for foods, feeds, and beverages increased 7.9 percent and prices for automotive vehicles advanced 0.9 percent. The price indexes for capital goods and for consumer goods were unchanged in May. Over the past 12 months, prices for capital goods fell 0.1 percent while prices for consumer goods rose 1.6 percent. Export Goods Export prices overall ticked up 0.1 percent in May following increases of 0.3 percent and 0.7 percent in April and March, respectively. Nonagricultural export prices led the increase, rising 0.2 percent in May. The rise followed advances of 0.5 percent in April and March, and continued an upward trend over the past year and a half. Nonagricultural prices increased 3.4 percent for the year ended in May, while overall export prices advanced 4.3 percent for the same period. The increase in nonagricultural prices was driven by a rise in the price index for nonagricultural industrial supplies and materials, up 0.3 percent in May after advancing 1.3 percent and 1.8 percent in the previous two months. Higher prices for chemicals and iron and steel products contributed to the increase. Prices for nonagricultural industrial supplies and materials rose 8.1 percent over the past year. The price indexes for capital goods and consumer goods also increased in May, rising 0.1 percent and 0.3 percent, respectively. Capital goods prices advanced 0.8 percent over the past 12 months, while prices for consumer goods rose 2.4 percent. Automotive vehicle prices were unchanged for the month and increased 1.2 percent for the year ended in May. The price index for agricultural exports was unchanged following a 1.4 percent drop in April. The recent downturn followed a 14.1 percent increase for the index between September and March that was led by a sharp increase in corn prices. Corn prices resumed an upward trend in May after a downturn in April, rising 6.7 percent for the month, but that was offset by lower prices for vegetables, soybeans, fruit, and fish. Prices for agricultural exports rose 18.2 percent over the past year. Imports by Locality of Origin The price index for imports from China rose 0.3 percent in May, the largest monthly increase since the index was first published in January 2004. Over the past year, import prices from China ticked up 0.1 percent, the first time the index increased over a 12-month period. Prices for imports from Japan recorded no change in May and fell 0.5 percent over the past 12 months. Higher petroleum prices in May contributed to increasing prices for imports from Canada, Mexico, and the European Union, which rose 1.2 percent, 0.5 percent, and 0.7 percent, respectively. For the year ended in May, import prices from Canada rose 1.7 percent, while prices for imports from Mexico and the European Union increased 3.2 percent and 2.5 percent, respectively. Import and Export Services Export post-secondary education prices increased 4.9 percent from the 2005/06 academic year to the 2006/07 academic year, following a similar 5.1 percent advance the previous academic year. Beginning with this release, annual price indexes will be published for export post-secondary education. Export travel and tourism prices, which are lagged one month, rose 0.2 percent in April after a 2.2 percent increase in March. Import air passenger fares rose 0.2 percent in May, following a 3.5 percent increase in April. Export air passenger fares also increased in May, rising 3.9 percent. The index for import fares rose 3.9 percent for the year ended in May, while export fares increased 7.5 percent for the same period. Prices for import air freight rose 1.1 percent in May, driven by a 3.3 percent advance in European air freight prices. Import air freight prices increased 1.4 percent over the past year. Export air freight prices advanced 0.3 percent in May and 2.5 percent over the past 12 months. CONTENTS OF RELEASE This news release includes the following tables: Table 1 U.S. Import Price Indexes, by End Use Table 2 U.S. Export Price Indexes, by End Use Table 3 U.S. Import Price Indexes, by NAICS Table 4 U.S. Export Price Indexes, by NAICS Table 5 U.S. Import Price Indexes, by Harmonized System Table 6 U.S. Export Price Indexes, by Harmonized System Table 7 U.S. Import Price Indexes, by Locality of Origin Table 8 U.S. International Price Indexes for Selected Transportation Services Table 9 U.S. Export Price Indexes for Travel and Tourism Services Table 10 U.S. Export Price Indexes for Post-secondary Education Services ------------------------------------------------------------------- Import and Export Price Index data for June 2007 are scheduled for release on July 13 at 8:30 A.M. (E.D.T.). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods May 2006-May 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April END Description 2006 2007 2007 2007 2007 USE April April May to to to to to 2007 2007 2007 May Feb. March April May 1/ 2007 2007 2007 2007 2007 ALL COMMODITIES.......................................... 100.000 117.5 118.5 1.1 0.4 1.6 1.4 0.9 ALL IMPORTS EXCLUDING PETROLEUM.......................... 81.739 106.2 106.7 2.8 0.0 0.3 0.3 0.5 ALL IMPORTS EXCLUDING FUELS (Dec. 2001=100)................................... 79.277 108.7 109.1 2.3 -0.2 0.2 0.3 0.4 0 FOODS, FEEDS, & BEVERAGES.............................. 4.380 126.3 127.4 7.9 0.2 -0.1 1.3 0.9 00 Agricultural foods, feeds & beverages, excluding distilled beverages............. 3.334 137.7 139.1 9.4 -0.1 -0.2 1.9 1.0 01 Nonagricultural foods (fish, distilled beverages). 1.046 100.8 101.1 3.1 1.3 0.2 -0.5 0.3 1 INDUSTRIAL SUPPLIES & MATERIALS........................ 36.090 176.2 180.2 1.1 1.0 4.9 3.7 2.3 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM........................... 17.830 140.6 143.2 8.2 0.4 1.5 0.9 1.8 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING FUELS (Dec. 2001=100)............... 15.368 147.8 150.5 7.2 -0.3 1.0 1.1 1.8 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE....................................... 10.039 143.7 147.3 9.1 -0.5 1.3 1.9 2.5 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM................ 7.792 135.9 137.2 7.0 1.6 1.6 -0.3 1.0 10 Fuels & lubricants............................... 20.720 221.9 227.7 -2.7 2.1 8.1 5.8 2.6 100 Petroleum & petroleum products............... 18.257 228.0 234.2 -4.6 1.7 8.7 6.6 2.7 10000 Crude................................ 12.624 225.8 229.9 -6.1 3.3 6.3 6.6 1.8 101 Fuels, n.e.s.-coals & gas.................... 2.032 175.4 179.8 6.6 4.4 4.2 -2.3 2.5 10110 Gas-natural.......................... 1.870 171.9 176.4 7.4 4.8 4.6 -2.7 2.6 11 Paper & paper base stocks........................ 0.841 110.6 110.9 0.5 0.0 0.1 -0.8 0.3 12 Materials associated with nondurable supplies & materials...................... 4.571 123.8 124.3 4.0 0.2 0.2 -0.2 0.4 13 Selected building materials...................... 1.914 112.1 111.8 -6.8 -0.4 0.4 0.6 -0.3 14 Unfinished metals related to durable goods....... 4.731 209.3 217.5 20.7 -0.1 2.6 3.2 3.9 15 Finished metals related to durable goods......... 1.700 127.8 133.0 8.0 -2.5 0.6 1.9 4.1 16 Nonmetals related to durable goods............... 1.611 101.6 101.8 0.8 0.1 -0.2 -0.2 0.2 2 CAPITAL GOODS.......................................... 21.777 90.9 90.9 -0.1 -0.3 -0.1 -0.2 0.0 20 Electric generating equipment.................... 2.661 104.6 105.0 4.1 -0.1 0.1 0.4 0.4 21 Nonelectrical machinery.......................... 17.444 86.9 86.8 -1.0 -0.5 -0.2 -0.3 -0.1 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............ 1.673 110.9 111.0 3.2 0.1 0.1 0.7 0.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 13.955 104.4 104.6 0.9 0.1 0.0 0.0 0.2 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES..................................... 23.797 101.3 101.3 1.6 0.0 0.1 0.0 0.0 40 Nondurables, manufactured........................ 11.003 104.2 104.4 1.9 -0.2 0.1 0.1 0.2 41 Durables, manufactured........................... 11.615 98.1 98.1 1.2 0.1 0.2 -0.2 0.0 42 Nonmanufactured consumer goods................... 1.179 102.3 102.3 4.0 0.0 0.1 0.1 0.0 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods May 2006-May 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April END Description 2006 2007 2007 2007 2007 USE April April May to to to to to 2007 2007 2007 May Feb. March April May 1/ 2007 2007 2007 2007 2007 ALL COMMODITIES............................................. 100.000 115.1 115.2 4.3 0.8 0.7 0.3 0.1 AGRICULTURAL COMMODITIES.................................... 8.270 142.9 142.9 18.2 2.8 2.1 -1.4 0.0 NONAGRICULTURAL COMMODITIES................................. 91.730 113.1 113.3 3.4 0.6 0.5 0.5 0.2 0 FOODS, FEEDS, & BEVERAGES................................. 7.606 145.3 145.0 18.9 3.2 2.4 -1.1 -0.2 00 Agricultural foods, feeds & beverages, excluding distilled beverages................ 6.890 146.8 147.0 20.6 3.4 2.5 -1.6 0.1 01 Nonagricultural foods (fish, distilled beverages)... 0.716 133.9 129.1 5.0 1.6 1.8 4.7 -3.6 1 INDUSTRIAL SUPPLIES & MATERIALS........................... 30.062 147.3 147.7 8.2 1.9 1.7 1.2 0.3 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE.......................................... 12.072 161.3 161.1 13.1 2.5 2.3 0.7 -0.1 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE....................................... 17.989 139.7 140.6 5.4 1.5 1.4 1.5 0.6 10 Agricultural industrial supplies & materials........ 1.380 126.8 126.1 8.3 -0.3 0.6 -0.5 -0.6 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS.................................. 28.682 148.6 149.1 8.1 2.0 1.8 1.3 0.3 11 Fuels & lubricants.................................. 4.459 198.4 197.1 1.1 4.8 3.6 5.1 -0.7 12 Nonagricultural supplies & materials excluding fuels & building materials......... 23.110 144.4 145.2 10.0 1.6 1.6 0.6 0.6 13 Selected building materials......................... 1.113 112.9 113.4 4.0 0.4 0.4 0.2 0.4 2 CAPITAL GOODS............................................. 39.310 99.1 99.2 0.8 0.1 -0.1 0.0 0.1 20 Electrical generating equipment..................... 3.703 106.5 106.3 1.6 0.0 0.1 0.5 -0.2 21 Nonelectrical machinery............................. 28.468 92.4 92.5 -0.2 0.0 0.0 -0.3 0.1 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............... 7.139 121.8 121.8 4.2 0.2 0.2 0.6 0.0 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES...................... 10.533 106.0 106.0 1.2 0.1 0.1 0.1 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES........................................ 12.489 105.4 105.7 2.4 0.0 0.0 0.6 0.3 40 Nondurables, manufactured........................... 5.904 105.4 105.9 2.8 0.1 -0.2 0.5 0.5 41 Durables, manufactured.............................. 5.506 104.2 104.3 2.1 -0.2 0.1 0.8 0.1 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods May 2006-May 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April NAICS Description 2006 2007 2007 2007 2007 April April May to to to to to 2007 2007 2007 May Feb. March April May 1/ 2007 2007 2007 2007 2007 Nonmanufactured Articles...................................... 17.001 107.4 109.6 -2.5 3.3 5.0 5.3 2.0 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 1.542 113.5 114.1 18.1 1.3 -1.1 3.1 0.5 111 Agricultural products............................. 1.064 113.0 112.5 22.7 -0.9 -1.9 4.7 -0.4 21 OIL, GAS, MINERALS AND ORES........................... 15.459 106.9 109.2 -4.0 3.5 5.6 5.6 2.2 212 Minerals and ores (Dec. 2006=100)................. 0.403 101.7 101.9 n.a. -0.2 -0.9 1.2 0.2 Manufactured Articles......................................... 82.368 104.5 105.2 2.2 -0.3 1.1 0.5 0.7 31 MANUFACTURED GOODS, PART 1............................ 10.379 102.8 103.2 2.5 0.1 0.3 0.3 0.4 311 Food and kindred products......................... 2.421 107.9 109.5 6.8 0.5 0.6 0.8 1.5 312 Beverages and tobacco products.................... 0.815 102.6 102.9 2.1 0.1 0.0 -0.1 0.3 313 Textiles and fabrics.............................. 0.504 105.6 105.6 3.2 0.5 0.4 0.3 0.0 314 Textile mill products............................. 0.786 100.5 100.5 0.2 0.1 -0.2 -0.2 0.0 315 Apparel and accessories........................... 4.355 100.6 100.7 0.9 -0.2 0.5 0.1 0.1 316 Leather and allied products....................... 1.498 101.5 101.5 1.3 0.1 0.0 0.2 0.0 32 MANUFACTURED GOODS, PART 2............................ 17.982 107.2 108.5 1.7 -0.8 4.0 1.6 1.2 321 Wood products..................................... 1.222 90.9 90.7 -11.5 -1.1 0.1 1.1 -0.2 322 Paper............................................. 1.366 103.3 103.6 0.5 0.2 0.0 -0.8 0.3 324 Petroleum and coal products....................... 4.560 113.4 117.9 -4.7 -3.2 16.9 5.6 4.0 325 Chemicals......................................... 7.908 108.8 109.2 8.3 0.2 0.5 0.7 0.4 326 Plastics and rubber products...................... 1.705 103.3 103.5 2.3 -0.1 0.3 -0.3 0.2 327 Nonmetallic mineral products...................... 1.113 104.8 104.8 2.0 0.3 0.2 0.0 0.0 33 MANUFACTURED GOODS, PART 3............................ 54.007 104.0 104.5 2.4 -0.2 0.2 0.2 0.5 331 Primary metals.................................... 5.534 143.4 150.0 20.8 -1.1 2.3 3.2 4.6 332 Fabricated metal products, nesoi.................. 2.553 106.9 107.8 5.2 -0.1 0.8 0.1 0.8 333 Machinery, except electrical...................... 6.750 104.8 105.0 3.1 0.3 0.3 0.3 0.2 334 Computer and electronic products.................. 14.370 95.0 94.7 -3.7 -0.7 -0.3 -0.6 -0.3 335 Electrical equipment, appliances, and components.. 3.683 105.2 105.5 3.9 0.0 0.1 0.1 0.3 336 Transportation equipment.......................... 14.690 101.0 101.1 1.0 0.1 0.0 0.1 0.1 337 Furniture and fixtures............................ 1.486 101.1 101.0 1.0 0.1 0.1 0.0 -0.1 339 Miscellaneous manufactured commodities............ 4.941 105.8 105.9 3.8 0.4 0.2 -0.1 0.1 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods May 2006-May 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April NAICS Description 2006 2007 2007 2007 2007 April April May to to to to to 2007 2007 2007 May Feb. March April May 1/ 2007 2007 2007 2007 2007 Nonmanufactured Articles...................................... 6.134 115.1 114.0 11.0 3.7 1.7 -1.7 -1.0 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 4.465 121.5 120.1 18.9 3.0 2.9 -2.7 -1.2 111 Agricultural products............................. 4.009 121.8 121.3 21.1 3.1 2.9 -3.9 -0.4 21 OIL, GAS, MINERALS AND ORES........................... 1.669 100.9 100.6 -5.6 5.5 -1.2 1.1 -0.3 211 Oil and gas....................................... 0.598 104.1 102.3 23.6 16.4 -5.6 6.7 -1.7 212 Minerals and ores................................. 1.071 99.3 99.8 -15.1 0.4 1.2 -1.8 0.5 Manufactured Articles......................................... 90.391 104.5 105.0 2.8 0.4 0.5 0.4 0.5 31 MANUFACTURED GOODS, PART 1............................ 6.694 107.8 108.5 9.6 1.5 0.8 0.1 0.6 311 Food and kindred products......................... 4.111 113.4 114.4 15.7 2.5 1.2 0.3 0.9 312 Beverages and tobacco products.................... 0.488 102.0 102.8 1.7 0.1 1.3 -0.3 0.8 313 Textiles and fabrics.............................. 0.968 98.3 98.4 2.3 0.0 0.1 0.1 0.1 315 Apparel and accessories........................... 0.557 100.3 100.3 0.4 0.2 0.1 -0.1 0.0 32 MANUFACTURED GOODS, PART 2............................ 22.481 107.8 108.5 3.7 0.7 1.0 1.2 0.6 321 Wood products..................................... 0.562 109.4 109.6 7.3 1.3 1.7 0.3 0.2 322 Paper............................................. 2.103 108.8 109.1 4.1 0.6 -0.1 0.5 0.3 324 Petroleum and coal products....................... 2.546 121.6 121.1 -2.3 2.9 7.2 7.1 -0.4 325 Chemicals......................................... 14.002 106.3 107.3 4.9 0.4 0.6 0.7 0.9 326 Plastics and rubber products...................... 2.310 103.8 103.4 1.1 0.2 -0.2 -0.1 -0.4 327 Nonmetallic mineral products...................... 0.850 105.7 106.5 7.1 0.3 0.1 0.3 0.8 33 MANUFACTURED GOODS, PART 3............................ 61.216 103.0 103.4 1.9 0.2 0.2 0.2 0.4 331 Primary metals.................................... 4.203 123.6 126.8 12.0 0.9 3.1 1.2 2.6 332 Fabricated metal products, nesoi.................. 2.783 110.6 113.2 7.7 0.4 0.6 1.1 2.4 333 Machinery, except electrical...................... 12.145 104.5 104.8 3.5 0.2 0.2 0.3 0.3 334 Computer and electronic products.................. 17.142 96.1 96.0 -3.0 -0.2 -0.3 -0.3 -0.1 335 Electrical equipment, appliances, and components.. 3.597 103.8 103.8 2.8 0.3 0.0 0.4 0.0 336 Transportation equipment.......................... 16.539 103.8 103.9 2.4 0.1 0.1 0.2 0.1 339 Miscellaneous manufactured commodities............ 4.465 103.6 103.6 1.9 -0.1 0.1 0.6 0.0 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods May 2006-May 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance May Jan. Feb. March April nized Description 2006 2007 2007 2007 2007 System April April May to to to to to 2007 2007 2007 May Feb. March April May 1/ 2007 2007 2007 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.172 123.3 126.9 7.6 1.7 0.4 0.7 2.9 02 Meat and edible meat offal.......................... 0.309 143.4 145.7 5.5 0.5 0.0 0.8 1.6 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.600 100.4 100.7 5.2 1.6 1.1 -0.3 0.3 II VEGETABLE PRODUCTS........................................ 1.186 130.9 129.2 18.6 -2.3 -1.7 5.3 -1.3 07 Edible vegetables, roots, and tubers................ 0.354 205.1 189.3 36.7 -1.8 -4.7 14.6 -7.7 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.328 85.2 87.9 5.5 -6.8 -0.1 3.6 3.2 09 Coffee, tea, mate and spices........................ 0.236 135.7 135.4 13.8 -0.9 -1.9 0.4 -0.2 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.052 122.3 122.9 3.2 0.5 0.3 -0.1 0.5 20 Preparations of vegetables, fruit, nuts, or other parts of plants............... 0.268 122.0 122.4 4.7 0.2 0.7 0.2 0.3 22 Beverages, spirits, and vinegar..................... 0.781 110.1 110.4 0.6 -0.1 0.1 -0.4 0.3 V MINERAL PRODUCTS.......................................... 20.424 218.8 224.0 -3.9 2.0 7.8 5.5 2.4 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 20.036 218.3 223.6 -4.0 2.0 8.0 5.6 2.4 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 7.215 122.4 122.9 8.3 0.1 0.5 0.7 0.4 28 Inorganic chemicals................................. 0.944 208.9 208.0 37.3 2.7 2.8 5.1 -0.4 29 Organic chemicals................................... 2.630 122.9 123.7 6.9 -0.7 0.3 -0.1 0.7 30 Pharmaceutical products............................. 2.004 107.4 107.8 1.7 -0.5 -0.5 0.1 0.4 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty............ 0.178 101.8 101.4 2.9 -0.4 0.3 -0.1 -0.4 33 Essential oils and resinoids (Dec. 2001=100)........ 0.413 112.2 113.8 6.5 -0.3 1.2 0.3 1.4 38 Miscellaneous chemical products..................... 0.418 94.0 96.2 4.8 0.4 -0.5 -0.3 2.3 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 2.945 121.2 121.9 3.0 0.5 0.2 0.2 0.6 39 Plastics and articles thereof....................... 1.903 118.1 118.7 1.8 -0.1 0.3 0.3 0.5 40 Rubber and articles thereof......................... 1.042 127.5 128.2 5.3 1.6 0.2 0.2 0.5 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.601 106.6 106.7 2.0 0.2 0.1 0.6 0.1 42 Articles of leather; travel goods, bags, etc. of various materials.................... 0.522 106.7 106.7 2.1 0.1 0.3 0.6 0.0 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 1.290 112.0 111.6 -10.6 -1.1 0.4 1.0 -0.4 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 1.555 107.6 107.9 0.6 0.1 0.1 -0.6 0.3 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.064 103.9 104.1 -1.6 0.0 0.0 -1.0 0.2 49 Printed matter...................................... 0.277 115.1 115.2 1.9 -0.1 0.3 0.1 0.1 XI TEXTILE AND TEXTILE ARTICLES.............................. 5.455 101.7 101.9 1.3 -0.1 0.4 0.1 0.2 61 Articles of apparel and clothing accessories, knitted or crocheted............ 1.952 100.4 100.4 0.3 -0.1 0.1 0.2 0.0 62 Articles of apparel and clothing accessories, not knitted or crocheted........ 2.202 100.6 100.8 1.5 -0.4 0.9 0.1 0.2 63 Made-up or worn textile articles.................... 0.532 94.0 94.0 0.2 0.1 -0.3 -0.3 0.0 XII HEADGEAR, UMBRELLAS, ARTIFICIAL FLOWERS, ETC............................. 1.250 101.6 101.7 1.4 0.1 0.2 0.1 0.1 64 Footwear and parts of such articles................ 1.056 101.4 101.4 0.7 0.1 -0.1 0.0 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.970 109.7 109.7 1.3 -0.1 0.4 0.2 0.0 68 Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100)............ 0.340 102.7 102.7 -0.3 0.0 0.2 -0.2 0.0 69 Ceramic products.................................... 0.304 114.7 114.8 3.1 -0.2 0.4 0.1 0.1 70 Glass and glassware................................. 0.327 110.6 110.8 1.4 -0.2 0.6 0.5 0.2 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 2.865 131.9 133.5 9.1 1.7 1.7 -0.7 1.2 XV BASE METALS AND ARTICLES OF BASE METAL.................... 6.655 168.8 174.5 16.1 -1.0 1.4 2.9 3.4 72 Iron and steel...................................... 1.557 199.1 200.6 20.8 2.2 2.9 2.8 0.8 73 Articles of iron or steel........................... 1.463 127.2 127.5 2.7 0.3 0.4 0.2 0.2 74 Copper and articles thereof......................... 0.815 265.4 306.4 21.0 -11.8 1.0 11.4 15.4 76 Aluminum and articles thereof....................... 1.129 145.9 147.9 3.9 -0.9 -0.5 -0.1 1.4 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.359 108.0 108.1 0.7 0.1 0.0 0.1 0.1 83 Miscellaneous articles of base metal................ 0.481 124.4 124.8 6.2 0.6 0.2 -1.0 0.3 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC................. 24.516 87.6 87.5 -0.5 -0.2 -0.1 -0.2 -0.1 84 Machinery and mechanical appliances; parts thereof.. 12.663 88.0 88.0 -0.2 -0.3 -0.2 -0.2 0.0 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts........ 11.853 87.2 87.1 -0.7 0.0 -0.1 -0.3 -0.1 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 12.763 105.6 105.7 1.0 0.0 0.1 0.1 0.1 87 Motor vehicles and their parts...................... 11.780 104.7 104.9 0.8 0.0 0.0 0.0 0.2 88 Aircraft, spacecraft, and parts thereof (Dec. 2002=100)...................... 0.869 108.6 108.8 2.5 0.2 0.1 0.6 0.2 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 3.013 99.3 99.2 -0.2 -0.9 0.2 0.2 -0.1 90 Optical, photographic, measuring and medical instruments.......................... 2.675 97.6 97.4 -0.7 -1.0 0.2 0.2 -0.2 91 Clocks and watches and parts thereof................ 0.247 115.8 115.9 3.7 -0.2 0.6 -0.2 0.1 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 3.857 100.9 100.8 1.6 0.0 0.0 0.1 -0.1 94 Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldg........ 2.195 104.5 104.3 1.4 0.1 0.1 0.1 -0.2 95 Toys, games and sports equipment; parts and accessories thereof...................... 1.450 95.8 95.8 1.6 0.0 0.0 0.0 0.0 96 Miscellaneous manufactured articles................. 0.213 106.8 106.5 4.2 0.1 0.1 0.3 -0.3 1 Relative importance figures are based on 2005 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods May 2006-May 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance May Jan. Feb. March April nized Description 2006 2007 2007 2007 2007 System April April May to to to to to 2007 2007 2007 May Feb. March April May 1/ 2007 2007 2007 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.566 149.4 150.1 23.2 5.3 3.2 1.6 0.5 02 Meat & edible meat offal (Dec. 2006=100)............ 0.787 115.2 119.6 n.a. 4.8 3.8 1.4 3.8 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.443 130.9 125.2 3.3 2.1 2.1 5.7 -4.4 II VEGETABLE PRODUCTS........................................ 4.089 155.6 154.6 23.5 2.8 3.0 -3.1 -0.6 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.703 124.6 120.0 8.5 0.9 -1.2 10.9 -3.7 10 Cereals............................................. 1.728 165.4 174.3 34.2 6.1 3.7 -10.0 5.4 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder............. 1.070 148.5 143.8 18.3 7.7 1.3 1.2 -3.2 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.308 120.6 120.4 7.2 1.0 0.7 0.1 -0.2 21 Miscellaneous edible preparations................... 0.425 111.7 111.7 3.4 0.6 0.7 -0.1 0.0 23 Residues and waste from the food industries; prepared animal feed............. 0.487 142.8 140.8 11.7 1.5 0.1 -0.4 -1.4 V MINERAL PRODUCTS.......................................... 4.406 240.6 240.7 0.9 3.5 3.5 4.5 0.0 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 3.705 229.7 227.4 3.1 6.0 3.7 6.2 -1.0 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 11.583 126.4 127.9 5.5 0.1 0.6 0.3 1.2 28 Inorganic chemicals................................. 1.126 151.8 150.3 -1.0 0.9 0.7 -0.3 -1.0 29 Organic chemicals................................... 3.719 141.9 146.9 10.0 -0.1 2.0 1.0 3.5 30 Pharmaceutical products............................. 2.477 112.0 112.6 3.8 -0.1 -0.4 -0.4 0.5 32 Tanning or dyeing extracts, dyes, paints, varnish, putty, & inks............... 0.597 113.6 113.2 2.4 -0.3 0.5 -0.1 -0.4 33 Essential oils and resinoids; perfumery, cosmetic or toilet................ 0.680 116.0 116.9 2.4 0.0 -0.2 -0.1 0.8 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes........... 0.405 109.9 110.5 1.4 0.5 0.0 -0.3 0.5 38 Miscellaneous chemical products..................... 1.683 119.4 119.1 7.4 0.3 0.0 0.3 -0.3 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 5.428 129.7 130.7 2.3 0.5 0.2 0.6 0.8 39 Plastics and articles thereof....................... 4.340 125.4 126.6 1.8 0.6 0.2 0.5 1.0 40 Rubber and articles thereof......................... 1.088 147.9 148.1 5.0 0.6 0.5 1.0 0.1 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.487 124.5 124.2 6.2 1.0 0.1 -0.8 -0.2 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 0.734 113.1 113.1 5.4 2.0 1.1 0.3 0.0 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 2.683 109.9 109.9 5.3 1.6 0.0 0.1 0.0 47 Woodpulp and recovered paper........................ 0.662 112.0 110.4 14.8 5.9 -0.3 -2.4 -1.4 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.451 108.2 108.5 3.8 0.2 0.2 0.7 0.3 49 Printed material.................................... 0.570 114.8 116.0 -0.5 -0.1 0.2 1.3 1.0 XI TEXTILE AND TEXTILE ARTICLES.............................. 2.440 102.3 100.9 -0.2 -0.2 0.3 -0.3 -1.4 52 Cotton, including yarns and woven fabrics thereof... 0.658 93.7 90.2 -2.4 -1.1 0.7 -0.8 -3.7 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.802 108.0 108.1 4.7 1.3 -0.2 0.5 0.1 70 Glass and glassware................................. 0.428 95.9 96.0 0.9 0.0 0.0 0.0 0.1 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 3.765 171.2 163.2 20.5 5.6 2.9 -0.4 -4.7 XV BASE METALS AND ARTICLES OF BASE METALS................... 6.028 165.4 169.2 13.7 0.9 2.4 1.6 2.3 72 Iron and steel...................................... 1.558 200.2 203.7 20.8 2.6 5.0 4.5 1.7 73 Articles of iron or steel........................... 1.426 144.5 152.2 13.2 1.6 1.3 0.1 5.3 74 Copper and articles thereof......................... 0.678 240.0 242.4 6.9 -1.4 3.0 3.1 1.0 76 Aluminum and articles thereof....................... 1.051 148.6 150.7 9.9 -0.2 0.2 0.1 1.4 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.408 114.9 114.9 3.9 0.2 0.0 0.9 0.0 83 Miscellaneous articles of base metal................ 0.405 126.9 126.9 3.2 1.0 0.5 0.4 0.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC............... 31.887 94.0 94.1 0.3 0.1 -0.1 0.1 0.1 84 Machinery and mechanical appliances; parts thereof.. 18.238 102.2 102.3 0.8 0.0 -0.1 -0.2 0.1 85 Electrical machinery and equipment and parts and accessories thereof............ 13.649 85.1 85.1 -0.4 0.1 0.0 0.5 0.0 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 13.779 113.3 113.5 1.9 0.1 0.1 0.0 0.2 87 Motor vehicles and their parts...................... 8.888 105.5 105.6 1.0 0.1 0.0 0.1 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 6.208 103.3 103.4 1.1 -0.5 0.2 -0.1 0.1 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 1.456 104.6 104.6 3.6 0.0 0.2 1.8 0.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi;........... 0.802 113.2 113.2 6.0 -0.1 0.4 0.3 0.0 95 Toys, games and sports equipment; parts and accessories thereof...................... 0.488 89.5 89.5 -5.0 0.0 0.1 3.8 0.0 1 Relative importance figures are based on 2005 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin May 2006-May 2007 2000=100, unless otherwise noted Index Percent Change Annual Monthly Percentage May Jan. Feb. March April Description of 2006 2007 2007 2007 2007 U.S. April May to to to to to Imports 2007 2007 May Feb. March April May 1/ 2007 2007 2007 2007 2007 2/ Industrialized Countries............................ 44.813 118.4 119.6 2.3 0.1 1.3 0.4 1.0 Nonmanufactured Articles....................... 4.582 186.6 191.8 -1.4 4.3 5.6 0.4 2.8 Manufactured Articles.......................... 39.766 113.0 113.9 2.7 -0.4 0.8 0.4 0.8 3/ Other Countries..................................... 55.204 114.8 116.2 0.6 1.2 1.6 1.7 1.2 Nonmanufactured Articles....................... 11.023 205.5 209.7 -3.2 3.1 4.6 6.8 2.0 Manufactured Articles.......................... 43.982 102.0 103.0 1.9 0.7 0.8 0.3 1.0 Canada.............................................. 17.052 131.8 133.4 1.7 0.4 1.6 1.2 1.2 Nonmanufactured Articles....................... 3.871 188.2 193.1 -0.8 3.8 5.6 0.1 2.6 Manufactured Articles.......................... 12.851 121.4 122.5 2.4 -0.5 0.3 1.6 0.9 4/ European Union...................................... 17.908 120.9 121.8 2.5 0.2 0.4 -0.3 0.7 Nonmanufactured Articles....................... 0.389 192.7 195.6 -13.1 6.5 7.3 -6.8 1.5 Manufactured Articles.......................... 17.406 119.3 120.0 2.7 0.1 0.3 -0.2 0.6 France (Dec. 2003=100).............................. 1.888 107.6 109.1 5.5 0.2 -0.1 0.1 1.4 Germany (Dec. 2003=100)............................. 5.008 106.9 107.4 4.1 -0.1 0.4 0.4 0.5 United Kingdom (Dec. 2003=100)...................... 2.845 116.5 117.1 -1.0 1.0 1.2 -0.9 0.5 5/ Latin America....................................... 17.619 140.1 143.3 0.5 0.6 1.6 2.4 2.3 Nonmanufactured Articles....................... 4.822 211.6 213.7 -2.8 5.0 3.2 6.5 1.0 Manufactured Articles.......................... 12.721 126.8 130.4 2.0 -1.0 0.8 0.8 2.8 Mexico (Dec. 2003=100).............................. 10.163 122.9 123.5 3.2 0.7 1.1 2.2 0.5 6/ Pacific Rim (Dec. 2003=100)......................... 33.452 98.2 98.3 -0.2 0.1 0.0 0.0 0.1 China (Dec. 2003=100)............................... 14.941 97.4 97.7 0.1 0.0 0.2 0.0 0.3 Japan............................................... 8.308 94.0 94.0 -0.5 -0.2 0.1 0.1 0.0 7/ Asian NICs.......................................... 6.124 88.3 88.2 -1.0 0.1 0.0 -0.5 -0.1 8/ ASEAN (Dec. 2003=100)............................... 5.993 96.0 96.1 -1.1 0.3 -0.3 -0.7 0.1 9/ Asia Near East (Dec. 2003=100)...................... 3.765 177.7 180.3 -2.4 2.2 5.0 2.6 1.5 1 Percentage of trade figures are based on 2005 trade values. 2 Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa. 3 Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere. 4 Includes European Union countries. 5 Includes Mexico, Central America, South America and the Caribbean. 6 Includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and Asian Newly Industrialized Countries. 7 Asian Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan. 8 Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. 9 Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen. NOTES: Data may be revised in each of the three months after original publication. Regions are not mutually exclusive. n.a. Not available Table 8 U.S. International Price Indexes and Percent Changes for Selected Transportation Services May 2006-May 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April Description 2006 2007 2007 2007 2007 April April May to to to to to 2007 2007 2007 May Feb. March April May 1/ 2007 2007 2007 2007 2007 AIR FREIGHT Import Air Freight................................ 100.000 131.6 133.0 1.4 -1.1 -0.1 0.7 1.1 Europe (Dec. 2003=100)....................... 27.826 129.6 133.9 7.3 -1.4 0.2 0.2 3.3 Asia......................................... 61.298 114.7 114.9 -2.1 -1.2 -0.2 0.9 0.2 Export Air Freight................................ 100.000 117.3 117.6 2.5 -1.3 0.0 0.3 0.3 Europe (Dec. 2006=100)....................... 39.019 100.7 101.0 n.a. -0.3 0.0 -0.5 0.3 Inbound Air Freight............................... 100.000 127.1 128.1 0.9 -1.1 0.0 0.4 0.8 Europe (Dec. 2003=100)....................... 29.665 125.2 128.0 5.1 -1.3 0.3 -0.2 2.2 Asia......................................... 57.593 109.8 109.9 -1.8 -1.2 -0.1 0.7 0.1 Outbound Air Freight.............................. 100.000 113.1 114.1 -1.3 -0.8 -0.1 0.7 0.9 Europe (Dec. 2003=100)....................... 41.776 127.3 128.4 -2.8 -0.7 -0.1 0.6 0.9 Asia......................................... 40.650 103.5 104.7 -2.5 -0.8 -0.1 0.6 1.2 AIR PASSENGER FARES Import Air Passenger Fares........................ 100.000 127.2 127.5 3.9 0.0 0.1 3.5 0.2 Europe....................................... 44.310 129.0 130.5 11.5 2.8 0.5 8.8 1.2 Asia......................................... 24.706 115.4 116.1 2.3 -3.1 0.3 1.9 0.6 Latin America/Caribbean...................... 12.431 114.1 115.5 0.0 0.4 0.0 -7.8 1.2 Export Air Passenger Fares........................ 100.000 143.9 149.5 7.5 -1.8 0.8 2.6 3.9 Europe....................................... 31.779 178.4 180.8 10.1 -1.5 1.4 8.3 1.3 Asia......................................... 29.844 109.6 121.9 3.9 -3.3 -0.7 -0.1 11.2 Latin America/Caribbean...................... 21.440 167.0 164.0 10.5 -0.1 1.1 -0.6 -1.8 Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000 123.6 128.4 7.4 -3.3 1.1 3.4 3.9 Europe (Dec. 2003=100)....................... 40.137 129.1 130.7 10.2 -1.1 1.6 9.5 1.2 Asia (Dec. 2003=100)......................... 28.071 105.6 117.2 2.5 -6.5 1.5 -1.1 11.0 Latin America/Caribbean (Dec. 2003=100)...... 13.600 126.4 124.1 6.8 -0.5 -1.2 -2.1 -1.8 Canada (Dec. 2003=100)....................... 7.715 159.5 166.1 6.7 -0.7 0.3 0.0 4.1 Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000 123.5 124.3 5.3 0.6 -0.1 3.5 0.6 Europe (Dec. 2003=100)....................... 40.198 133.3 134.8 10.5 2.3 0.2 8.6 1.1 Asia (Dec. 2003=100)......................... 22.191 109.6 112.8 2.6 -0.6 -0.1 2.3 2.9 Latin America/Caribbean (Dec. 2003=100)...... 22.099 111.8 111.8 1.9 0.4 -0.1 -2.5 0.0 Canada (Dec. 2003=100)....................... 6.497 165.0 163.1 6.3 1.4 0.0 -1.8 -1.2 CRUDE OIL TANKER FREIGHT 2/ Inbound Crude Oil Tanker Freight.................. 100.000 n.a. n.a. n.a. -4.6 1.2 n.a. n.a. OCEAN LINER FREIGHT Inbound Ocean Liner Freight....................... 100.000 112.8 113.1 -3.8 -0.2 -0.4 0.2 0.3 U.S. East Coast.............................. 56.027 116.5 117.2 -3.2 -1.0 -0.6 0.1 0.6 From Atlantic.......................... 24.448 115.0 115.0 -5.3 -1.4 -1.6 0.7 0.0 From Pacific........................... 22.972 120.9 122.6 1.9 -1.1 0.1 -0.5 1.4 U.S. West Coast.............................. 43.973 111.4 111.4 -3.9 0.8 0.2 0.1 0.0 1 Relative importance figures are based on 2005 trade values. 2 Publication of the Crude Oil Tanker Freight Indexes is lagged two months, as are the relative importance figures. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 9 U.S. Export Price Indexes and Percent Changes for Travel and Tourism Services April 2006-April 2007 December 2006=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance April Dec. Jan. Feb. March Description 2006 2006 2007 2007 2007 March March April to to to to to 2007 2007 2007 April Jan. Feb. March April 1/ 2007 2007 2007 2007 2007 Export Travel and Tourism............. 100.000 105.1 105.3 n.a. 0.4 2.4 2.2 0.2 From Europe...................... 39.667 105.8 106.4 n.a. 0.6 3.0 2.1 0.6 From Asia........................ 31.672 103.3 103.3 n.a. -1.1 1.5 2.9 0.0 From Latin America/Caribbean..... 15.519 106.1 105.6 n.a. 1.5 3.0 1.5 -0.5 From Canada...................... 8.826 106.9 107.7 n.a. 2.9 2.2 1.6 0.7 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 10 U.S. Export Price Indexes and Percent Changes for Postsecondary Education Services Academic Year 2001/02 to 2006/07 Academic Year 2001/02 = 100, unless otherwise noted Relative Index Annual Percent Change Import- ance Academic Year Academic Years Description Academic 2001/02 2002/03 2003/04 2004/05 2005/06 Year 2005/06 2006/07 to to to to to 2005/06 2002/03 2003/04 2004/05 2005/06 2006/07 1/ EXPORT POSTSECONDARY EDUCATION Tuition & Fees and Room & Board......... 100.000 128.8 135.1 6.5 7.5 7.0 5.1 4.9 Graduate............................. 53.006 128.5 134.6 6.4 7.4 7.0 5.1 4.7 Undergraduate........................ 46.994 129.0 135.7 6.6 7.7 6.8 5.2 5.2 Private.............................. 47.874 123.0 129.4 5.2 5.7 5.1 5.2 5.2 Public............................... 52.126 134.2 140.5 7.8 9.2 8.6 5.0 4.7 Tuition & Fees....................... 73.181 131.6 138.2 7.1 8.4 7.8 5.2 5.0 Graduate Tuition & Fees......... 38.417 131.4 137.7 7.0 8.3 7.8 5.2 4.8 Undergraduate Tuition & Fees.... 34.764 131.7 138.8 7.2 8.6 7.6 5.2 5.4 Private Tuition & Fees.......... 35.497 124.3 131.2 5.6 6.1 5.3 5.4 5.6 Public Tuition & Fees........... 37.686 138.7 145.1 8.7 10.7 9.8 5.0 4.6 Room & Board......................... 26.819 121.5 127.1 5.0 5.1 4.9 4.9 4.6 Graduate Room & Board........... 14.589 121.3 127.1 5.0 5.1 5.0 4.7 4.8 Undergraduate Room & Board...... 12.230 121.7 127.2 5.0 5.1 4.9 5.1 4.5 Private Room & Board............ 12.377 119.1 124.3 4.2 4.8 4.5 4.4 4.4 Public Room & Board............ 14.440 123.6 129.5 5.7 5.5 5.2 5.4 4.8 1 Relative importance figures are based on 2005/06 academic year trade values. TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are not seasonally adjusted. Price indexes for merchandise goods are reweighted annually, with a two-year lag in the weights. Published series use a base year of 2000=100 where possible. More detailed index series and additional information may be obtained at http://www.bls.gov/mxp, or by calling (202) 691-7101. Merchandise Goods Classification Systems -- The merchandise price indexes are published using three classification systems. Items are classified, respectively, by end use for the Bureau of Economic Analysis System, industry for the North American Industry Classification System (NAICS), and product category for the Harmonized System (HS). While classification by end use and product category are self-explanatory, a couple of notes are in order for classifying items by industry. In the NAICS tables, for both imports and exports, items are classified by output industry, not input industry. As an example, NAICS import index 326 (plastics and rubber products) would include outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS classification structure also matches the classification system used by the PPI to produce the NAICS primary products indexes. Import Price Indexes -- Products have been classified by the Harmonized Tariff Schedule of the United States Annotated (TSUSA). Import prices are based on U.S. dollar prices paid by the U.S. importer. The prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) U.S. port transaction prices, depending on the practices of the individual industry. The index for crude petroleum is calculated from data collected by the U.S. Department of Energy. Export Price Indexes -- Products have been classified by the Harmonized Schedule B classification system of the U.S. Bureau of the Census. The prices used are generally either "free alongside ship" (f.a.s.) factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture. Services Price Indexes -- Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represent transactions between U.S. and foreign residents) and International (which represent transactions inbound to and outbound from the U.S.). The Air Passenger Fares Indexes are calculated from data collected from a commercial airline reservation system. These data exclude frequent flyer tickets and those sold by consolidators. The Crude Oil Tanker Freight Indexes are calculated from data collected by the U. S. Department of Energy, and the publication of these indexes is lagged two months. The Air Freight and Ocean Liner Freight Indexes are calculated from data collected directly from companies. The Export Travel and Tourism Indexes are calculated from a subset of BLS Consumer Price Index data, and the publication of these indexes is lagged one month. The indexes are published by the country of residence of those traveling to the United States. Post-secondary Education Indexes are calculated from preliminary data collected by the U.S. Department of Education, and are calculated annually. Export post- secondary education refers to receipts from foreign students studying at U.S. institutions, including colleges, universities, and technical/professional schools. Fact sheets specifying detailed information for each services industry are available at http://www.bls.gov/mxp under "Publications and Other Documentation." Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for the Import Price Indexes. Beginning with January 2002, the indexes are defined by locality of origin using a nomenclature based upon the North American Industry Classification System (NAICS). Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are defined as NAICS 31-33. Revision Policy -- To reflect the availability of late reports and corrections by respondents, monthly data may be revised in each of the three months after original publication. After three months, no further data revisions take place. So, for example, data released in the January release will be subject to revision in the releases for February, March, and April. Uses of the Data -- The primary use of the indexes is to deflate trade statistics, notably the foreign trade sector of the National Income and Product Accounts constructed by the Department of Commerce. Other published indexes are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Income and Product Accounts, while International indexes are more appropriate for market analysis. Merchandise and services indexes also can be used to study U.S. competitiveness and price elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade analysis. Mailing List -- If you wish to be added to the mailing list to receive a copy of the U.S. Import and Export Price Index News Release, please either call the IPP information line at (202) 691-7101 or send e-mail to (mxpinfo@bls.gov) to provide your name and mailing address. You may also contact the IPP at the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212-0001 The information you provide will be used to register you for delivery of selected publications. The Bureau of Labor Statistics (BLS) is authorized to request this information under 5 United States Code (USC) Section 301. Furnishing such information is voluntary; however, BLS may not be able to register you for the subscription service if you fail to do so. As part of helping us assess the quality of our customer service, BLS may contact subscribers with a customer service survey. In addition, the IPP news release is now available through an e-mail subscription service at (http://www.bls.gov/mxp) or (http://www.bls.gov/bls/newsrels.htm). Additional Information -- More detailed IPP data are available on the IPP home page at (http://www.bls.gov/mxp). Flat Files and the FTP server are available for users requiring access to either a large volume of time series data or other IPP-related documentation. The FTP site can be accessed at ftp://ftp.bls.gov. For technical assistance in using the BLS Internet site, send e-mail to (labstat.helpdesk@bls.gov). For IPP data requests, send e-mail to (mxpinfo@bls.gov). Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.