Technical Information David Mead (202) 606-7154 USDL-97-205 Bill Alterman (202) 606-7108 For release: 10:00 A.M. E.D.T. Media contact: Thursday, June 19, 1997 Kathryn Hoyle (202) 606-5902 Internet Address: http://stats.bls.gov/ipphome.htm U.S. IMPORT AND EXPORT PRICE INDEXES -MAY 1997- The U.S. Import Price Index was unchanged in May, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Imported petroleum prices increased after declining in the three previous months but were offset by a continuing decline in nonpetroleum import prices, down 0.1 percent in May. The U.S. Export Price Index declined 0.2 percent in May. Percent changes in import and export price indexes by End Use category - not seasonally adjusted - IMPORTS EXPORTS Month Non- Agri- Nonagri- All Petroleum petroleum All cultural cultural Imports Imports Imports Exports Exports Exports 1996 May -0.7 -3.7 -0.3 0.4 3.1 -0.1 June -1.1 -5.8 -0.4 -0.2 -2.2 0.1 July -0.1 1.9 -0.4 -0.5 -1.9 -0.2 August 0.1 2.2 -0.1 -0.2 -0.2 -0.2 September 1.2 7.5 0.4 -0.8 -7.3 0.2 October 0.5 7.1 -0.3 -0.2 -2.6 0.0 November -0.2 -0.8 -0.1 -0.4 -2.3 0.0 December 0.3 2.0 0.1 0.0 -0.9 0.1 1997 January -0.3 0.6 -0.4 0.1 0.1 0.0 February -0.9 -8.1 r -0.1 0.2 2.1 0.0 March -1.3 r -8.6 r -0.4 r 0.1 r 1.4 -0.1 April -1.2 r -7.0 r -0.6 -0.7 r -6.9 r 0.1 May 0.0 1.2 -0.1 -0.2 -1.1 -0.1 May 1995-96 -0.1 8.5 -0.9 1.3 24.8 -1.7 May 1996-97 -3.0 -9.2 -2.4 -2.8 -20.0 -0.1 r = revised to reflect late reports and corrections by respondents. Import Goods Import prices were unchanged on average in May after having declined in each of the last four months. Imported petroleum prices rose 1.2 percent in May following large decreases in each of the three prior months. In contrast, nonpetroleum prices fell 0.1 percent, the fifth consecutive decline in this component. For the year ended in May, overall import prices dropped 3.0 percent, attributable to both falling petroleum and nonpetroleum prices, down 9.2 and 2.4 percent, respectively. The index for capital goods led the decline in nonpetroleum import prices in May, decreasing 0.8 percent. Over the past 12 months, the index for capital goods prices was down 6.2 percent. Imported automotive vehicles also contributed to the May decline in nonpetroleum prices, falling 0.2 percent. For the year ended in May, the index for automotive vehicles fell 0.1 percent. In contrast, the price index for foods, feeds, and beverages rose 1.7 percent in May, attributable primarily to rising coffee prices. In addition, the import price indexes for nonpetroleum industrial supplies and materials and consumer goods rose 0.1 percent and 0.2 percent in May, respectively. Export Goods The 0.2 percent decline in export prices in May followed a 0.7 percent decrease in April. Export prices fell 2.8 percent on average for the year ended in May. Agricultural export prices, down 1.1 percent in May after dropping 6.9 percent in April, led the decline in the export price index for the second consecutive month. Over the past year, the index for agricultural exports has fallen 20.0 percent after rising 24.8 percent the previous year. In contrast, prices for nonagricultural exports remained relatively stable, moving down a modest 0.1 percent in May after rising 0.1 percent in April. Over the past 12 months, the index has not changed by more than 0.2 percent in either direction and was down 0.1 percent over the May 1996-97 period. The export price indexes for the major finished goods categories displayed little or no movement in May. Capital goods export prices decreased 0.1 percent for the second month in a row. For the year, the index for capital goods, which represents the largest component of U.S. exports, fell 0.5 percent. The price index for exported automotive vehicles also fell 0.1 percent in May, following a 0.3 percent increase in April. Automotive vehicle export prices were up 1.0 percent over the past year. The price indexes for consumer goods and nonagricultural industrial supplies and materials were up 0.1 percent and unchanged in May, respectively, after both indexes were up 0.1 percent in the prior month. Over the past year, prices for exported consumer goods rose 1.0 percent, while nonagricultural industrial supplies and materials prices decreased 0.3 percent. Imports by Locality of Origin Prices for imports from Japan continued to decline in May, down 0.7 percent on average. (See table 7.) The decline matched the index movement in April and was the ninth consecutive monthly decrease. Over the past year, the index was down 5.6 percent. The index for imports from Canada rose 0.2 percent in May after falling 3.5 percent in the prior three months. For the past 12 months, the index was down 0.9 percent. Import prices from the European Union rose 0.1 last month after decreasing 1.9 percent over the past three months. For the year ended in May, the index was down 1.3 percent. Prices of imports from the Asian Newly Industrialized Countries fell 0.2 percent in April after a modest 0.1 percent gain the month before. The index was down 2.8 percent in the May 1996-97 period. 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 18 at 10:00 a.m. (EDT). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, May 1996-May 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April END Description 1996 1997 1997 1997 1997 USE April April May to to to to to 1997 1997 1997 May Feb. March April May 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.2 98.2 -3.0 -0.9 -1.3 -1.2 0.0 ALL IMPORTS EXCLUDING PETROLEUM 91.592 97.2 97.1 -2.4 -0.1 -0.4 -0.6 -0.1 0 FOODS, FEEDS, & BEVERAGES 4.752 99.6 101.3 0.2 1.9 2.9 -1.8 1.7 00 Agricultural foods, feeds & beverages, excluding distilled beverages 3.442 99.1 101.1 -1.4 2.2 4.1 -2.7 2.0 01 Nonagricultural foods (fish, distilled beverages) 1.310 100.9 101.6 3.9 1.1 0.0 0.8 0.7 1 INDUSTRIAL SUPPLIES & MATERIALS 26.833 100.5 100.9 -3.9 -3.0 -3.9 -2.9 0.4 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.425 97.5 97.6 -1.4 -0.1 -1.3 -0.9 0.1 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.823 99.5 99.8 1.1 0.8 1.0 -0.2 0.3 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.602 95.3 95.1 -4.3 -1.3 -3.8 -1.5 -0.2 10 Fuels & lubricants 9.488 106.2 106.9 -9.3 -7.7 -10.7 -7.2 0.7 100 Petroleum & petroleum products 8.407 105.8 107.1 -9.2 -8.1 -8.6 -7.0 1.2 10000 Crude 6.637 105.1 107.7 -8.9 -8.4 -9.2 -7.6 2.5 11 Paper & paper base stocks 1.735 80.1 80.4 -11.9 -0.6 1.0 0.4 0.4 12 Materials associated with nondurable supplies & materials 5.995 96.1 96.3 -2.1 -0.2 0.1 -0.8 0.2 13 Selected building materials 2.209 113.6 114.8 10.7 2.7 0.6 -1.0 1.1 14 Unfinished metals associated with durable goods 4.479 95.8 95.9 -0.3 0.8 2.0 0.3 0.1 15 Finished metals associated with durable goods 1.442 97.1 97.1 -1.5 -0.2 -0.5 -0.1 0.0 16 Nonmetals associated with durable goods 1.484 96.1 96.0 -5.0 -0.6 -0.6 -0.6 -0.1 2 CAPITAL GOODS 28.843 92.4 91.7 -6.2 -0.5 -0.5 -1.1 -0.8 20 Electric & electrical generating equipment 3.353 97.7 97.7 -2.0 -0.4 -0.7 0.0 0.0 21 Nonelectrical machinery 23.833 90.4 89.6 -7.6 -0.6 -0.5 -1.3 -0.9 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 17.582 100.6 100.4 -0.1 0.0 0.1 -0.2 -0.2 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 21.990 99.6 99.8 -0.8 0.2 -0.6 0.0 0.2 40 Nondurables, manufactured 10.817 100.8 101.4 0.4 0.0 -0.1 0.3 0.6 41 Durables, manufactured 10.104 98.3 97.8 -2.3 -0.3 -0.5 -0.2 -0.5 42 Nonmanufactured consumer goods 1.069 98.9 102.7 2.1 6.7 -7.2 -1.5 3.8 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for February, March and April 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, May 1996-May 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April END Description 1996 1997 1997 1997 1997 USE April April May to to to to to 1997 1997 1997 May Feb. March April May 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 99.0 98.8 -2.8 0.2 0.1 -0.7 -0.2 AGRICULTURAL COMMODITIES 10.270 97.8 96.7 -20.0 2.1 1.4 -6.9 -1.1 NONAGRICULTURAL COMMODITIES 89.731 99.1 99.0 -0.1 0.0 -0.1 0.1 -0.1 0 FOODS, FEEDS, & BEVERAGES 9.175 98.1 97.0 -21.8 1.9 1.5 -7.4 -1.1 00 Agricultural foods, feeds & beverages, excluding distilled beverages 8.470 99.0 98.0 -23.6 2.4 1.8 -7.9 -1.0 01 Nonagricultural foods (fish, distilled beverages) 0.705 89.4 88.0 -0.2 -5.0 -0.8 -1.4 -1.6 1 INDUSTRIAL SUPPLIES & MATERIALS 25.400 95.3 95.2 -0.5 0.1 0.1 -0.1 -0.1 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.889 96.3 96.0 -1.6 0.5 -0.3 0.1 -0.3 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 15.512 94.7 94.7 0.3 -0.1 0.2 -0.1 0.0 10 Agricultural industrial supplies & materials 1.800 94.2 92.6 -2.2 -0.1 0.1 -1.8 -1.7 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 23.601 95.4 95.4 -0.3 0.2 0.0 0.1 0.0 11 Fuels & lubricants 2.426 110.1 110.0 -0.1 -2.9 -0.6 -0.5 -0.1 12 Nonagricultural supplies & materials excluding fuels & building materials 19.594 92.8 92.9 -0.7 0.5 0.2 0.3 0.1 13 Selected building materials 1.581 95.5 95.4 -0.3 0.4 -1.5 -1.6 -0.1 2 CAPITAL GOODS 44.075 100.3 100.2 -0.5 -0.2 0.0 -0.1 -0.1 20 Electric & electrical generating Equipment 4.354 100.7 100.8 0.0 -0.3 0.2 0.2 0.1 21 Nonelectrical machinery 34.462 98.2 98.0 -2.1 -0.1 -0.2 0.0 -0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 9.625 102.2 102.1 1.0 0.0 0.2 0.3 -0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 11.725 102.0 102.1 1.0 0.1 -0.1 0.1 0.1 40 Nondurables, manufactured 6.165 101.4 101.5 0.2 0.0 0.1 -0.3 0.1 41 Durables, manufactured 5.025 102.0 102.1 1.7 0.1 -0.3 0.6 0.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for February, March and April 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, May 1996-May 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April SITC Description 1996 1997 1997 1997 1997 Rev. 3 April April May to to to to to 1997 1997 1997 May Feb. March April May 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.2 98.2 -3.0 -0.9 -1.3 -1.2 0.0 0 FOOD AND LIVE ANIMALS 4.027 99.5 103.1 4.2 2.7 4.7 -2.3 3.6 01 Meat and meat preparations 0.359 104.9 103.6 13.3 0.2 5.7 1.4 -1.2 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 0.985 100.4 101.8 5.8 1.7 -0.4 0.7 1.4 05 Vegetables and fruit, prepared fresh or dried 1.063 101.5 105.3 -4.8 2.5 6.7 -8.6 3.7 07 Coffee, tea, cocoa, spices and manufactures thereof 0.684 98.2 107.9 21.9 10.4 15.0 -0.5 9.9 3/ Other food and live animals (9612=100) 0.937 100.0 103.0 n.a. 0.6 0.8 0.2 3.0 1 BEVERAGES AND TOBACCO 0.836 107.2 107.0 3.4 1.0 0.2 0.3 -0.2 11 Beverages 0.702 103.6 103.5 2.2 0.1 0.3 0.3 -0.1 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 3.006 97.7 99.5 6.2 5.3 -3.0 -1.3 1.8 23 Crude rubber (including synthetic and reclaimed) 0.281 84.8 82.2 -9.3 0.8 0.2 -4.0 -3.1 24 Cork and wood 1.135 124.9 127.0 17.7 3.3 0.6 -1.0 1.7 25 Pulp and waste paper 0.353 63.8 64.3 7.7 0.0 -1.2 -1.7 0.8 28 Metalliferous ores and metal scrap 0.646 105.9 104.9 4.0 2.8 0.4 2.8 -0.9 29 Crude animal and vegetable materials, n.e.s. (9612=100) 0.242 94.3 117.1 n.a. 40.7 -29.0 -10.4 24.2 3/ Other crude materials, inedible, except fuels (9612=100) 0.349 97.6 95.5 n.a. -2.5 2.2 -0.1 -2.2 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 9.152 105.6 106.6 -9.0 -7.8 -10.9 -7.4 0.9 33 Petroleum, petroleum products and related materials 7.982 105.1 106.9 -9.4 -8.0 -8.6 -7.2 1.7 34 Gas, natural and manufactured 1.048 113.9 109.2 -1.6 -7.4 -26.2 -9.5 -4.1 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 5.579 96.6 96.6 -3.2 -0.7 -0.1 -1.2 0.0 51 Organic chemicals 1.592 96.6 96.7 -2.4 -0.2 0.5 -3.2 0.1 52 Inorganic chemicals 0.688 101.1 101.1 -0.1 -0.5 -1.2 -0.4 0.0 53 Dyeing, tanning and coloring materials 0.288 97.1 96.8 -5.7 -2.0 -0.5 0.2 -0.3 54 Medicinal and pharmaceutical products 0.902 96.0 95.4 -4.6 -1.2 -0.6 0.0 -0.6 55 Essential oils; polishing and cleansing preps 0.324 98.8 98.7 -3.7 -0.7 -0.5 0.6 -0.1 57 Plastics in primary forms 0.356 89.6 90.9 -11.5 -2.2 -0.9 -2.2 1.5 58 Plastics in nonprimary forms 0.543 86.1 86.0 0.0 0.0 0.5 0.0 -0.1 59 Chemical materials and products, n.e.s. 0.658 104.1 104.1 -3.4 -0.8 -0.1 -0.5 0.0 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 12.434 95.9 96.1 -3.2 0.1 0.6 -0.1 0.2 62 Rubber manufactures, n.e.s. 0.730 97.5 97.5 -2.9 -0.5 -0.5 0.1 0.0 63 Cork and wood manufactures other than furniture 0.559 99.5 99.3 n.a. 2.4 -1.3 0.3 -0.2 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.549 85.7 86.1 -15.3 -0.5 1.4 0.8 0.5 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.419 100.7 100.6 0.3 -0.3 0.1 0.2 -0.1 66 Nonmetallic mineral manufactures, n.e.s. 2.138 102.8 103.2 1.5 0.1 -0.4 -0.4 0.4 67 Iron and steel 2.035 96.4 96.3 -1.6 -0.1 0.2 0.2 -0.1 68 Nonferrous metals 1.866 90.6 91.4 -2.4 1.9 3.9 -0.5 0.9 69 Manufactures of metals, n.e.s. 1.974 98.9 98.7 -1.9 -0.4 -0.4 -0.6 -0.2 7 MACHINERY AND TRANSPORT EQUIPMENT 47.053 95.8 95.3 -3.6 -0.3 -0.3 -0.7 -0.5 71 Power generating machinery and equipment (9612=100) 2.982 99.5 99.2 n.a. 0.4 -0.3 0.0 -0.3 72 Machinery specialized for particular industries 2.679 99.2 98.9 -2.4 -0.5 -0.9 -0.5 -0.3 73 Metalworking machinery 0.818 97.9 98.0 -3.4 -0.7 -2.4 0.1 0.1 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.419 98.1 98.0 -2.6 -1.0 -1.1 -0.4 -0.1 75 Computer equipment and office machines 7.405 82.4 81.0 -12.8 -1.2 -1.8 -2.0 -1.7 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.576 93.5 92.7 -4.9 0.0 -0.3 -1.0 -0.9 77 Electrical machinery and equipment 9.658 90.1 89.9 -6.5 -0.1 0.8 -0.9 -0.2 78 Road vehicles 14.475 100.6 100.4 -0.2 -0.1 0.2 -0.2 -0.2 8 MISCELLANEOUS MANUFACTURED ARTICLES 17.438 100.3 100.5 -0.3 -0.1 -0.2 0.2 0.2 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s. 0.382 96.1 95.9 -5.5 -0.5 -2.7 0.1 -0.2 82 Furniture and parts thereof 1.256 102.7 102.6 1.9 -0.1 0.5 0.3 -0.1 83 Travel goods, handbags and similar containers 0.502 101.2 101.2 0.4 -0.2 0.3 -0.2 0.0 84 Articles of apparel and clothing accessories 5.804 102.7 103.7 2.3 0.2 0.4 0.8 1.0 85 Footwear 1.762 101.0 100.9 -0.4 0.3 -0.7 0.0 -0.1 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.586 97.0 96.7 -3.4 -0.7 -1.3 -0.4 -0.3 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.361 95.7 94.3 -4.0 -0.5 -0.7 0.4 -1.5 89 Miscellaneous manufactured articles, n.e.s. 4.784 99.7 99.7 -1.3 -0.1 -0.3 -0.1 0.0 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for February, March and April 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separetely Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, May 1996-May 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance May Jan. Feb. March April SITC Description 1996 1997 1997 1997 1997 Rev. 3 April April May to to to to to 1997 1997 1997 May Feb. March April May 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 99.0 98.8 -2.8 0.2 0.1 -0.7 -0.2 0 FOOD AND LIVE ANIMALS 7.535 97.2 95.6 -23.3 1.6 1.0 -5.9 -1.6 01 Meat and meat preparations 1.152 96.7 95.7 -2.7 -0.9 2.0 0.3 -1.0 03 Fish, crustaceans, aquatic invertebrates and preparations 0.530 87.5 85.9 0.0 -5.6 -1.2 -1.8 -1.8 04 Cereals and cereal preparations 2.628 89.1 84.9 -44.6 4.2 2.0 -15.1 -4.7 05 Vegetables, fruit and nuts, fresh or dried 1.414 99.8 100.4 -3.2 0.5 -1.6 -0.5 0.6 08 Feeding stuff for animals (not including unmilled cereals) 0.881 126.3 127.7 -1.2 4.3 2.0 0.8 1.1 09 Miscellaneous edible products and preparations 0.383 103.3 103.8 n.a. -0.2 -0.1 0.0 0.5 3/ Other food and live animals (9612=100) 0.547 103.2 102.9 n.a. 0.3 1.0 0.3 -0.3 1 BEVERAGES ANB TOBACCO 1.487 100.2 100.5 0.0 -0.1 -0.2 0.0 0.3 12 Tobacco and tobacco manufactures 1.226 100.0 100.4 n.a. -0.1 -0.3 -0.1 0.4 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 5.712 88.5 88.9 -1.3 2.4 1.1 -5.0 0.5 21 Hides, skins and furskins, raw 0.370 113.8 110.0 19.4 1.1 0.8 -1.6 -3.3 22 Oil seeds and oleaginous fruits 1.184 109.3 110.8 -14.1 5.5 5.1 -17.9 1.4 24 Cork and wood 0.977 94.2 94.2 -0.7 0.4 -2.3 -1.9 0.0 25 Pulp and waste paper 0.677 58.9 60.6 16.5 6.3 -1.3 0.5 2.9 26 Textile fibers and their waste 0.826 83.5 83.3 -10.9 -0.1 2.4 -2.0 -0.2 27 Crude fertilizers and crude minerals 0.330 96.9 97.3 -1.3 -0.2 -0.7 0.0 0.4 28 Metalliferous ores and metal scrap 0.923 89.7 90.2 -0.6 2.2 0.9 0.1 0.6 3/ Other crude materials, inedible, except fuels (9612=100) 0.424 101.0 100.2 n.a. 0.3 -0.1 -1.6 -0.8 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 2.130 110.7 110.7 0.0 -3.6 -0.8 -0.6 0.0 32 Coal, coke and briquettes 0.692 102.3 102.2 -0.7 -0.4 -0.1 0.2 -0.1 33 Petroleum, petroleum products and related materials 1.304 120.0 120.1 2.5 -4.4 -1.6 0.4 0.1 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.437 93.4 93.6 -3.7 1.6 -1.1 -3.2 0.2 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 10.895 96.7 96.9 -0.5 0.2 0.6 -0.3 0.2 51 Organic chemicals 2.565 85.2 85.3 -4.7 0.8 0.6 -1.3 0.1 52 Inorganic chemicals 0.832 99.6 99.9 -2.7 0.3 -0.7 0.3 0.3 53 Dyeing, tanning and coloring materials 0.491 102.0 102.3 1.4 0.0 0.6 -0.4 0.3 54 Medicinal and pharmaceutical products 1.239 103.0 102.9 1.1 -0.2 1.0 0.8 -0.1 55 Essential oils; polishing and cleansing preps 0.747 102.3 102.8 2.3 1.1 -0.3 0.1 0.5 56 Fertilizers (9612=100) 0.552 94.3 95.0 n.a. -2.5 -1.8 -2.0 0.7 57 Plastics in primary forms 1.899 97.8 97.5 2.1 1.1 2.1 0.0 -0.3 58 Plastics in nonprimary forms 0.818 98.6 99.5 0.4 -0.7 0.4 -0.2 0.9 59 Chemical materials and products, n.e.s. 1.752 104.0 104.3 2.5 0.1 0.4 0.5 0.3 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.608 97.8 97.7 -0.8 0.4 0.1 0.2 -0.1 62 Rubber manufactures, n.e.s. 0.668 103.0 103.1 0.6 -0.3 0.1 0.3 0.1 63 Cork and wood manufactures other than furniture 0.288 91.0 90.3 -2.4 0.7 1.1 -1.8 -0.8 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.475 82.3 82.8 -7.5 -0.5 -0.1 -1.0 0.6 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.409 103.7 103.1 n.a. 0.1 -1.0 2.0 -0.6 66 Nonmetallic mineral manufactures, n.e.s. 1.284 104.0 104.1 2.1 0.1 -0.1 0.0 0.1 67 Iron and steel 1.101 103.3 103.1 n.a. 0.1 0.4 -0.2 -0.2 68 Nonferrous metals 1.272 92.0 91.6 -3.4 2.8 -0.8 0.3 -0.4 69 Manufactures of metals, n.e.s. 1.953 104.0 103.7 1.5 0.6 1.0 0.8 -0.3 7 MACHINERY AND TRANSPORT EQUIPMENT 50.245 100.6 100.5 -0.1 -0.1 0.0 0.1 -0.1 71 Power generating machinery and equipment 4.229 106.3 106.5 2.8 0.1 0.4 0.7 0.2 72 Machinery specialized for particular industries 4.599 103.8 104.3 1.3 0.1 -0.1 0.1 0.5 73 Metalworking machinery 0.942 104.6 103.8 2.3 1.1 1.3 -0.2 -0.8 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 4.931 104.6 104.4 2.5 0.4 0.3 0.5 -0.2 75 Computer equipment and office machines 6.745 86.4 85.6 -8.7 -0.9 -0.3 -0.2 -0.9 76 Telecommunications & sound recording & reproducing apparatus & equipment 3.781 99.9 99.6 -1.1 -0.6 -0.3 0.0 -0.3 77 Electrical machinery and equipment 11.827 96.9 96.9 -2.9 -0.1 -0.2 0.2 0.0 78 Road vehicles 8.986 101.9 101.7 0.8 -0.1 0.3 0.1 -0.2 8 MISCELLANEOUS MANUFACTURED ARTICLES 11.098 101.4 101.6 1.2 0.1 0.0 -0.1 0.2 82 Furniture and parts thereof 0.621 102.6 103.9 2.6 0.3 0.1 0.0 1.3 84 Articles of apparel and clothing accessories 1.240 101.4 101.4 n.a. 0.4 0.1 0.0 0.0 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.656 103.1 103.4 2.4 0.3 0.1 -0.7 0.3 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s. 0.926 97.5 99.1 n.a. -0.2 -0.3 -0.9 1.6 89 Miscellaneous manufactured articles, n.e.s. 4.204 100.6 100.3 -0.1 -0.2 0.0 0.6 -0.3 3/ Other miscellaneous manufactured articles (9612=100) 0.451 100.8 100.9 n.a. -0.1 0.0 0.1 0.1 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for February, March and April 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, May 1996-May 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance May Jan. Feb. March April nized Description 1996 1997 1997 1997 1997 System April April May to to to to to 1997 1997 1997 May Feb. March April May 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.527 100.2 102.3 8.4 1.7 1.3 0.6 2.1 02 Meat and edible meat offal 0.277 100.0 98.3 10.0 0.4 6.1 1.1 -1.7 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.863 100.9 102.5 7.1 1.8 -0.4 0.6 1.6 3/ Other live animals and animal products (9612=100) 0.388 101.1 106.9 n.a. 2.2 2.0 0.4 5.7 II VEGETABLE PRODUCTS 1.560 91.5 97.9 0.1 9.5 3.4 -6.5 7.0 07 Edible vegetables and certain roots and tubers 0.263 98.3 112.5 -5.1 11.9 26.4 -21.2 14.4 08 Edible fruit and nuts; peel of citrus fruit or melons 0.465 104.5 104.2 1.3 -1.9 0.4 -2.3 -0.3 09 Coffee, tea, mate and spices 0.424 88.1 97.5 14.8 11.0 14.1 -1.8 10.7 3/ Other vegetable products 0.408 95.0 101.4 -2.9 20.0 -14.0 -4.6 6.7 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 2.049 101.4 101.5 -2.5 -0.2 -0.8 0.6 0.1 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.276 93.0 93.3 -17.1 -2.5 -1.5 -2.9 0.3 22 Beverages, spirits, and vinegar 0.735 103.4 103.2 2.0 0.0 -0.1 0.5 -0.2 3/ Other prepared foodstuffs (9612=100) 1.038 100.0 100.3 n.a. 0.2 -1.0 1.7 0.3 V MINERAL PRODUCTS 9.745 105.4 106.2 -9.0 -7.5 -10.8 -7.1 0.8 26 Ores, slag and ash 0.296 103.8 103.8 6.6 0.2 0.6 3.9 0.0 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 9.220 105.4 106.3 -9.6 -7.8 -11.3 -7.5 0.9 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 5.249 100.1 100.0 -2.0 -0.6 0.0 -0.8 -0.1 28 Inorganic chemicals 0.866 105.5 105.4 1.9 -0.1 0.6 0.0 -0.1 29 Organic chemicals 1.996 96.3 96.5 -3.3 -0.7 0.4 -2.9 0.2 30 Pharmaceutical products 0.548 101.7 101.8 -0.2 -1.1 -0.5 0.6 0.1 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.287 96.1 95.6 -6.7 -2.7 -0.3 0.3 -0.5 37 Photographic or cinematographic goods 0.361 100.7 100.4 0.6 0.0 1.0 1.8 -0.3 38 Miscellaneaous chemical products (9612=100) 0.416 99.1 98.6 n.a. -1.1 -1.2 0.4 -0.5 3/ Other products of the chemical or allied industries (9612=100) 0.776 100.1 99.7 n.a. 0.4 -0.6 0.3 -0.4 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.807 93.1 93.0 -3.4 -0.6 0.1 -0.9 -0.1 39 Plastics and articles thereof 1.714 94.2 94.6 -1.7 -0.6 0.6 -0.7 0.4 40 Rubber and articles thereof 1.093 91.6 90.7 -5.9 -0.6 -0.5 -1.1 -1.0 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 0.998 103.4 104.0 2.4 -0.5 0.0 -0.4 0.6 42 Articles of leather; travel goods, bags, etc. of various materials 0.803 101.5 101.8 1.2 -0.2 0.1 0.1 0.3 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.734 113.5 114.9 10.0 3.1 0.1 -1.0 1.2 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.276 82.8 83.3 -8.6 0.0 0.4 0.1 0.6 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.354 64.6 65.2 7.6 0.0 -1.1 -2.0 0.9 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.570 86.9 87.3 -14.0 -0.5 1.2 0.7 0.5 49 Printed matter 0.353 100.7 101.9 1.4 2.1 -1.7 -0.2 1.2 XI TEXTILE AND TEXTILE ARTICLES 6.865 101.8 102.8 1.9 0.2 0.4 0.7 1.0 61 Articles of apparel and clothing accessories, knitted or crocheted 2.030 101.9 102.0 0.3 -0.2 0.6 0.7 0.1 62 Articles of apparel and clothing accessories, not knitted or crocheted 3.290 103.4 105.5 3.8 0.8 0.3 1.0 2.0 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.342 98.1 98.2 -2.7 -1.4 0.6 -0.3 0.1 3/ Other textile & textile articles (9612=100) 1.203 101.1 100.9 n.a. -0.1 0.4 0.2 -0.2 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 2.055 101.1 101.1 -0.2 0.2 -0.6 0.1 0.0 64 Footwear, gaiters and the like; parts of such articles 1.770 100.8 100.7 -0.6 0.2 -0.8 0.0 -0.1 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 0.285 101.3 101.5 n.a. 0.0 0.2 1.1 0.2 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.146 103.3 103.5 0.6 0.0 -0.7 -0.4 0.2 69 Ceramic products 0.437 101.0 100.6 n.a. -0.4 -0.3 -0.8 -0.4 70 Glass and glassware 0.451 104.8 104.6 0.9 1.0 -2.1 1.0 -0.2 XIV PEARLS, STONES, PRECIOUS METALS, IIITATION JEWELRY, AND COINS 2.153 97.3 97.7 -2.1 -1.1 0.9 -0.1 0.4 XV BASE METALS AND ARTICLES OF BASE METAL 5.838 95.1 95.2 -1.9 0.9 0.4 -0.1 0.1 72 Iron and steel 1.741 95.3 95.1 -1.5 0.1 0.5 0.1 -0.2 73 Articles of iron or steel 1.294 98.4 98.2 -2.7 -0.6 -0.6 -0.3 -0.2 74 Copper and articles thereof 0.461 86.0 83.4 -7.3 3.1 1.4 0.8 -3.0 76 Aluminum and articles thereof 0.958 92.4 92.7 0.2 3.4 -0.1 -1.0 0.3 83 Miscellaneous articles of base metal 0.414 102.7 102.5 1.7 0.4 0.0 0.1 -0.2 3/ Miscellaneous nonferrous metals and articles, including scrap (9612=100) 0.534 107.4 111.7 n.a. 2.3 3.9 2.6 4.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 30.835 92.1 91.5 -6.2 -0.4 -0.4 -1.3 -0.7 84 Specialized machinery & computer equipment 16.203 93.3 92.6 -5.6 -0.7 -1.3 -1.5 -0.8 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 14.632 90.7 90.3 -6.7 -0.1 0.4 -1.1 -0.4 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 15.649 100.7 100.5 -0.1 0.0 0.1 -0.3 -0.2 87 Motor vehicles and their parts 14.796 100.6 100.3 -0.3 -0.1 0.1 -0.1 -0.3 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 3.553 94.9 94.1 -4.6 -0.4 -1.1 -0.1 -0.8 90 Optical, photographic, measuring and medical instruments 3.036 94.8 93.9 -4.6 -0.4 -1.0 -0.2 -0.9 91 Clocks and watches and parts thereof 0.375 94.7 94.0 -5.9 -0.8 -1.8 -0.2 -0.7 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.692 100.0 99.7 -1.0 -0.4 -0.3 0.3 -0.3 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.583 100.0 99.8 -0.3 -0.2 -0.2 0.2 -0.2 95 Toys, games and sports equipment; parts and accessories thereof 1.823 100.8 100.7 -1.1 -0.3 -0.2 0.1 -0.1 96 Miscellaneous manufactured articles 0.286 94.9 93.1 -4.1 -2.1 -0.3 1.1 -1.9 1 Relative importance figures are based on 1995 trade values. 2 Data for February, March and April 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, May 1996-May 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance May Jan. Feb. March April nized Description 1996 1997 1997 1997 1997 System April April May to to to to to 1997 1997 1997 May Feb. March April May 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.902 95.5 94.5 1.8 -2.4 0.6 -0.4 -1.0 02 Meat & edible meat offal 1.071 94.7 93.6 -4.3 -0.9 1.9 0.4 -1.2 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.470 85.3 84.4 -0.7 -7.2 -1.2 -2.0 -1.1 3/ Other live animals and animal products (9612=100) 0.361 99.4 98.5 n.a. 0.3 -0.4 -0.7 -0.9 II VEGETABLE PRODUCTS 5.059 94.9 93.1 -32.9 3.4 2.2 -12.7 -1.9 07 Edible vegetables and certain roots and tubers 0.296 93.9 94.7 -5.5 -1.1 0.7 -2.4 0.9 08 Edible fruit and nuts; peel of citrus fruit or melons 0.715 97.9 98.7 -5.0 1.4 -3.0 -0.2 0.8 10 Cereals 2.396 87.5 82.9 -47.2 4.5 2.1 -16.3 -5.3 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.372 110.2 111.2 -12.0 4.2 4.6 -15.7 0.9 III ANIMAL OR VEGETABLE FATS AND OILS 0.470 93.5 93.8 -5.3 2.0 -1.4 -2.8 0.3 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.602 105.7 105.7 -0.9 1.0 0.1 0.2 0.0 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.388 109.3 107.1 1.3 2.4 -0.5 -0.2 -2.0 21 Miscellaneous edible preparations 0.355 104.1 104.5 2.0 -0.3 0.0 0.0 0.4 22 Beverages, spirits, and vinegar 0.330 100.0 99.7 n.a. -0.5 0.2 0.1 -0.3 23 Residues and waste from the food industries; prepared animal feed 0.798 123.5 124.2 -4.7 4.1 0.8 0.7 0.6 24 Tobacco and manufactured tobacco substitutes 1.232 100.0 100.4 n.a. -0.1 -0.3 -0.1 0.4 3/ Other prepared foods 0.499 100.8 100.4 n.a. -0.5 -0.1 0.6 -0.4 V MINERAL PRODUCTS 2.749 108.7 108.7 1.1 -2.0 -1.1 -0.5 0.0 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 2.202 112.7 112.8 1.3 -2.9 -1.0 -0.6 0.1 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 8.822 97.2 97.5 -1.0 0.3 0.1 -0.4 0.3 28 Inorganic chemicals 0.922 101.7 101.9 -1.4 0.5 -0.9 0.5 0.2 29 Organic chemicals 2.889 89.0 89.1 -4.1 1.0 0.3 -0.7 0.1 30 Pharmaceutical products 0.895 102.6 102.5 1.7 -0.3 1.4 0.2 -0.1 31 Fertilizers (9612=100) 0.613 94.3 95.0 n.a. -2.5 -1.8 -2.0 0.7 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.500 101.7 102.0 1.0 0.0 0.6 -0.4 0.3 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.525 102.8 103.5 3.0 1.9 0.0 0.0 0.7 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.306 101.0 101.3 1.2 -0.2 -0.5 0.1 0.3 37 Photographic or cinematographic goods 0.424 94.8 94.9 -0.5 -0.5 -0.5 -2.0 0.1 38 Miscellaneous chemical products 1.531 103.8 104.1 1.9 0.1 0.5 0.3 0.3 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.378 98.5 98.6 0.8 0.5 1.0 -0.2 0.1 39 Plastics and articles thereof 3.475 98.0 98.2 0.8 0.3 1.3 -0.1 0.2 40 Rubber and articles thereof 0.903 100.3 100.2 0.6 0.9 -0.1 -0.6 -0.1 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.604 104.1 102.6 10.7 0.5 -0.4 -0.9 -1.4 41 Raw hides and skins (other than furskins) and leather 0.440 102.0 99.7 9.9 0.6 2.0 -1.1 -2.3 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.291 94.2 94.0 -0.6 0.5 -1.5 -1.8 -0.2 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.816 74.7 75.7 -0.9 -0.3 -0.5 -0.8 1.3 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.622 56.3 57.4 7.3 1.2 -2.1 -0.2 2.0 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.426 81.9 82.6 -8.3 -0.7 0.4 -1.8 0.9 49 Printed material 0.768 104.0 105.7 2.9 -0.9 -1.0 0.6 1.6 XI TEXTILE AND TEXTILE ARTICLES 3.226 93.7 93.4 -4.4 0.0 0.2 0.3 -0.3 52 Cotton, including yarns and woven fabrics thereof 0.711 83.2 83.0 -12.1 -0.2 0.5 -1.5 -0.2 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. 0.842 103.2 103.3 n.a. 0.0 -0.1 0.0 0.1 70 Glass and glassware 0.482 101.1 101.0 n.a. -0.3 -0.1 0.0 -0.1 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.882 97.8 97.0 -4.2 -2.2 -0.5 1.0 -0.8 XV BASE METALS AND ARTICLES OF BASE METALS 4.624 96.9 96.4 -1.7 1.2 0.8 0.5 -0.5 72 Iron and steel 0.975 94.6 93.6 -4.7 0.6 0.3 0.5 -1.1 73 Articles of iron or steel 1.231 106.5 106.1 2.0 0.2 2.9 0.5 -0.4 74 Copper and articles thereof 0.458 88.3 87.4 -8.3 1.2 2.1 0.9 -1.0 76 Aluminum and articles thereof 0.876 89.0 88.9 -1.8 3.2 -0.4 0.1 -0.1 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof 0.408 103.2 103.0 n.a. 0.5 -0.3 -0.4 -0.2 83 Miscellaneous articles of base metal 0.369 100.1 99.8 1.8 0.2 0.0 0.6 -0.3 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 36.978 98.1 97.9 -2.0 -0.3 -0.1 0.1 -0.2 84 Specialized machinery & computer equipment 20.373 98.5 98.3 -1.5 -0.1 -0.1 0.1 -0.2 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 16.605 97.6 97.4 -2.7 -0.6 0.0 0.1 -0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 13.459 103.9 103.8 2.3 0.0 0.2 0.1 -0.1 87 Motor vehicles and their parts 9.403 101.9 101.8 0.8 -0.1 0.3 0.0 -0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 5.329 102.1 102.3 1.4 0.3 -0.3 -0.2 0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.750 101.7 102.3 1.3 0.0 0.1 0.0 0.6 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.856 102.8 104.0 2.4 0.3 0.0 0.0 1.2 95 Toys, games and sports equipment; parts and accessories thereof 0.722 100.5 100.5 0.1 -0.1 0.1 -0.1 0.0 1 Relative importance figures are based on 1995 trade values. 2 Data for February, March and April 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin,May 1996-May 1997 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports May Jan. Feb. March April Description 1/ 1996 1997 1997 1997 1997 1995 April May to to to to to 1997 1997 May Feb. March April May 2/ 1997 1997 1997 1997 1997 3/ Developed Countries 55.6 97.5 97.4 -2.9 -1.0 -1.1 -0.8 -0.1 Manufactured Goods 52.2 97.3 97.0 -2.6 -0.4 -0.4 -0.4 -0.3 Nonmanufactured Goods 3.1 103.8 106.9 -5.6 -8.2 -11.0 -6.9 3.0 3/ Developing Countries 42.7 102.0 102.2 -0.6 -1.1 -0.9 -1.2 0.2 Manufactured Goods 35.4 100.1 99.9 -0.7 -0.2 0.2 -0.2 -0.2 Nonmanufactured Goods 7.1 105.5 108.0 -3.3 -5.1 -5.6 -5.7 2.4 Canada 18.9 99.0 99.2 -0.9 -1.7 -1.2 -0.7 0.2 Manufactured Goods 16.5 98.6 98.5 0.1 0.1 0.8 -0.1 -0.1 Nonmanufactured Goods 2.2 105.2 107.9 -6.1 -11.2 -12.9 -5.1 2.6 4/ European Union 17.0 101.0 101.1 -1.3 -0.4 -1.0 -0.6 0.1 Manufactured Goods 16.4 100.8 100.8 -1.2 -0.5 -0.7 -0.2 0.0 Nonmanufactured Goods 0.5 107.8 112.6 -4.8 1.5 -6.1 -12.9 4.5 Japan 16.6 93.5 92.8 -5.6 -0.6 -0.4 -0.7 -0.7 5/ Asian Newly Industrialized Countries 10.9 96.4 96.2 -2.8 -0.2 0.0 0.1 -0.2 1 Regions are not mutually exclusive. 2 Data for February, March and April 1997 have been revised to reflect the availability of late reports and corrections by respondents. 3 Defined according to the Standard Census Definition. 4 Includes EU 15 countries 5 Includes Hong Kong, Singapore, South Korea, and Taiwan. Table 8 U.S. Import and Export Price Indexes and Percent Changes for Selected Categories of Services. March 1996-March 1997 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade March March June Sept. Dec. Description (Mil. 1996 1996 1996 1996 1996 of Dec. March to to to to to Dollars) 1996 1997 March June Sept. Dec. March 1997 1996 1996 1996 1997 IMPORT Air Freight 3188 95.6 90.1 -8.4 -1.3 -0.3 -1.2 -5.8 Atlantic 1278 98.2 91.2 -7.9 -2.5 2.0 -0.2 -7.1 Pacific 1674 94.8 90.5 -8.5 -0.8 -1.4 -2.0 -4.5 Air Passenger Fares 11127 100.0 101.2 4.1 7.5 -1.4 -2.9 1.2 1/ Atlantic 4922 98.4 100.7 4.9 10.5 -0.3 -7.0 2.3 1/ Pacific 2340 99.0 98.1 2.3 5.7 -9.2 7.5 -0.9 1/ Latin American / Caribbean 3021 104.1 107.0 4.4 0.1 1.4 0.1 2.8 1/ Crude Oil Tanker Freight (1990 = 100) 1985 122.0 n.a. n.a. -1.4 -11.3 6.4 n.a. Ocean Liner Freight 9868 98.6 98.0 -4.0 -1.9 -1.3 -0.3 -0.6 U.S. East Coast 4271 101.7 100.5 -2.2 -1.1 -0.1 0.1 -1.2 from Atlantic 1952 102.9 100.4 -4.5 -2.2 0.2 -0.1 -2.4 from Pacific 1774 100.4 100.2 -0.4 -0.2 -0.2 0.2 -0.2 U.S. West Coast 5596 95.7 95.4 -6.0 -2.8 -2.4 -0.6 -0.3 from Pacific 5126 94.9 95.0 -6.2 -3.1 -2.5 -0.8 0.1 EXPORT Air Freight (12/96 = 100) 2562 100.0 98.5 n.a. n.a. n.a. n.a. -1.5 Air Passenger Fares 17272 99.7 96.7 -1.3 1.4 3.5 -3.1 -3.0 1/ Atlantic 4120 104.7 98.7 -0.5 5.7 8.3 -7.8 -5.7 1/ Pacific 10700 89.6 87.1 -9.4 -2.5 0.2 -4.6 -2.8 Latin American / Caribbean 1392 101.6 101.8 0.7 -1.1 0.8 0.8 0.2 Canadian 1006 145.8 146.2 41.7 4.5 7.1 26.3 0.3 1 Detailed data available upon request. n.a. N Table 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. March 1996-March 1997 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade March March June Sept. Dec. Description (Mil. 1996 1996 1996 1996 1996 of Dec. March to to to to to Dollars) 1996 1997 March June Sept. Dec. March 1997 1996 1996 1996 1997 Air Freight (Inbound) 5495 95.0 89.5 -6.7 -0.8 0.5 -0.6 -5.8 Atlantic 1880 96.6 89.7 -5.5 -1.8 1.8 1.8 -7.1 Pacific 3151 94.0 89.8 -7.1 -0.5 -0.6 -1.7 -4.5 Air Freight (Outbound) 5835 99.2 99.8 0.7 0.3 -0.5 0.3 0.6 Atlantic 2080 99.0 99.9 1.8 0.8 -0.2 0.3 0.9 Pacific 3222 100.2 100.3 -0.4 0.0 -0.9 0.4 0.1 Air Passenger Fares (U.S. Carrier) 30673 101.6 99.8 1.5 6.1 2.9 -5.3 -1.8 1/ Atlantic 8811 99.6 97.3 1.6 13.4 6.0 -13.5 -2.3 1/ Pacific 15900 95.0 92.7 -6.0 1.7 -1.7 -3.7 -2.4 1/ Latin American / Caribbean 4542 102.9 105.1 2.2 -0.1 0.2 0.0 2.1 Canadian 1367 153.6 150.0 44.4 2.8 15.7 24.3 -2.3 Air Passenger Fares (Foreign Carrier) 31694 100.7 98.9 2.7 7.0 2.4 -4.5 -1.8 1/ Atlantic 13572 100.3 97.6 1.6 10.2 4.0 -8.9 -2.7 1/ Pacific 12570 94.2 92.3 -0.4 4.5 -2.6 -0.2 -2.0 1/ Latin American / Caribbean 4224 103.6 105.8 3.5 -0.1 1.3 0.2 2.1 1/ Crude Oil Tanker Freight (Inbound) (1990 = 100) 2153 122.1 n.a. n.a. -1.9 -11.0 8.1 n.a. Ocean Liner Freight (Inbound) 12253 98.4 97.6 -3.8 -1.9 -1.6 0.4 -0.8 U.S. East Coast 5410 101.7 99.8 -2.5 -0.9 -0.8 1.0 -1.9 from Atlantic 2647 101.4 99.4 -4.6 -1.6 -1.4 0.3 -2.0 from Pacific 1874 98.5 98.4 -0.7 -0.5 -0.2 0.1 -0.1 U.S. West Coast 6844 95.4 95.4 -5.4 -3.0 -2.5 0.0 0.0 from Pacific 6347 94.8 95.1 -5.5 -3.2 -2.5 -0.2 0.3 1 Detailed data available upon request. n.a. N 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 ______ Name______________________________________________ Address___________________________________________ ____________________________________ ____________________________________ ____________________________________ Phone Number ( ) ______________________