Technical Information Jim Thomas (202) 606-7155 USDL-97-234 Bill Alterman (202) 606-7108 For release: 10:00 A.M. E.D.T. Media contact: Friday, July 18, 1997 Kathryn Hoyle (202) 606-5902 Internet Address: http://stats.bls.gov/ipphome.htm U.S. IMPORT AND EXPORT PRICE INDEXES -JUNE 1997- The U.S. Import Price Index increased 0.4 percent in June, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. A rise in both imported petroleum prices and nonpetroleum prices contributed to the increase. The U.S. Export Price Index fell for the third straight month, dipping 0.1 percent in June, due to a continued decline in agricultural prices. 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 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 -0.1 0.2 2.1 0.0 March -1.3 -8.7 r -0.4 0.1 1.5 r -0.1 April -1.1 r -7.4 r -0.5 r -0.7 -6.9 0.1 May 0.0 1.1 r -0.1 -0.2 -1.1 -0.1 June 0.4 2.4 0.2 -0.1 -1.9 0.1 June 1995-96 -0.7 5.6 -1.3 0.9 20.3 -1.6 June 1996-97 -1.4 -1.8 -1.7 -2.7 -19.8 -0.1 r = revised to reflect late reports and corrections by respondents. Import Goods The June increase in import prices was the first in six months. Despite the June increase, import prices were down 1.4 percent over the past year. Petroleum import prices continued a recent upturn, gaining 2.4 percent in June after increasing 1.1 percent in May. The recent gains in this volatile index followed monthly declines of 8.0 percent on average over the prior three months. For the year ended in June, petroleum prices dropped 1.8 percent. Nonpetroleum import prices also increased this month, rising 0.2 percent after decreasing in the previous five months. For the year, this index was down 1.7 percent. Import prices for automotive vehicles, parts, and engines rose 0.5 percent in June and had the largest impact on the nonpetroleum index. This was the largest increase in the auto index since May 1995, also 0.5 percent. The capital goods index rose 0.2 percent in June, the first increase since September and only the third in the past two years. The turnaround paralleled the relative strengthening of foreign currencies versus the dollar. The indexes for foods, feeds, and beverages and for industrial supplies and materials excluding petroleum also contributed to the increase in June, rising 1.1 percent and 0.2 percent, respectively. In contrast, the price index for consumer goods reversed in June, dipping 0.1 percent after posting a moderate 0.2 percent gain in May. Export Goods Export prices edged down 0.1 percent in June after falling 0.2 percent and 0.7 percent in May and April, respectively. For the year ended in June, export prices fell 2.7 percent. For the third consecutive month the decline was largely attributable to falling agricultural export prices, down 1.9 percent. The recent three-month decline continued to be led by a downturn in corn and wheat prices. Over the past year, the index for agricultural exports fell 19.8 percent, in contrast to a 20.3 percent increase over the June 1995-96 period. Prices for nonagricultural exports edged up 0.1 percent in June, continuing a year long trend of changing no more than 0.2 percent in either direction. The major finished goods categories recorded little movement in June. The price index for capital goods, which accounts for more than 40 percent of the aggregate export index, posted a slight 0.1 percent increase in June after decreasing 0.3 percent in May. The modest increase was only the second monthly gain posted over the past year. The indexes for both consumer goods and automotive vehicles, parts, and engines were unchanged in June. Nonagricultural industrial supplies and materials rose 0.4 percent in June after edging up 0.1 percent in each of the previous two months. Imports by Locality of Origin The price index for imports from Japan rose 0.2 percent after decreasing for nine consecutive months. (See table 7.) Despite the June increase, the index was down 4.7 percent over the past year. Prices for imports from Canada rose 0.1 percent on average in June, the same as last month. For the June 1996-1997 period, the index was down 0.8 percent. Import prices from the European Union were unchanged last month after decreasing in the previous four months. Over the past year, the index was down 1.2 percent. In contrast, prices of imports from the Asian Newly Industrialized Countries dropped 0.7 percent in June, the largest monthly decline in this index since monthly publication began in 1993. The decrease followed a 0.3 percent decline in May and contributed to the 3.4 percent decline over the past year. Import and Export Services The Import Air Freight Index edged up 0.7 percent in the second quarter, reversing the downward trend of the last five consecutive quarters. The increase was due to a 1.4 percent rise in the Pacific region. In contrast to the gain in the Import Air Freight Index, the Export Air Freight Index continued to fall, decreasing 0.7 percent. During the second quarter, the Import Air Passenger Fares Index posted a gain of 12.6 percent. The most significant contributors to this increase were the Atlantic and Pacific regions which advanced 20.8 percent and 13.6 percent, respectively. The Export Air Passenger Fares Index also recorded a significant increase in the first quarter, advancing 14.8 percent. The jump in the Export Air Passenger Fares Index was due to gains in all regions. The Import Ocean Liner Freight Index continued its downward movement for the fifth consecutive quarter with a 0.9 percent decrease. The drop reflected a decline in the U.S. West Coast region of 1.6 percent and was moderated by a slight increase in the U.S. East Coast region of 0.1 percent. 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 July are scheduled for release on August 19 at 10:00 a.m. (EDT). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, June 1996-June 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance June Feb. March April May END Description 1996 1997 1997 1997 1997 USE May May June to to to to to 1997 1997 1997 June March April May June 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.3 98.7 -1.4 -1.3 -1.1 0.0 0.4 ALL IMPORTS EXCLUDING PETROLEUM 91.538 97.2 97.4 -1.7 -0.4 -0.5 -0.1 0.2 0 FOODS, FEEDS, & BEVERAGES 4.823 101.2 102.3 4.0 2.9 -1.8 1.6 1.1 00 Agricultural foods, feeds & beverages, excluding distilled beverages 3.505 101.0 101.9 3.7 4.1 -2.8 2.0 0.9 01 Nonagricultural foods (fish, distilled beverages) 1.318 101.7 103.2 4.6 0.0 0.8 0.8 1.5 1 INDUSTRIAL SUPPLIES & MATERIALS 26.925 100.9 101.8 -0.7 -4.0 -2.9 0.5 0.9 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.464 97.8 98.0 -0.7 -1.3 -0.9 0.3 0.2 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.850 99.9 100.3 1.1 1.0 -0.2 0.4 0.4 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.613 95.5 95.4 -3.0 -3.8 -1.7 0.3 -0.1 10 Fuels & lubricants 9.513 106.5 108.9 -2.0 -10.8 -7.4 0.7 2.3 100 Petroleum & petroleum products 8.462 106.5 109.1 -1.8 -8.7 -7.4 1.1 2.4 10000 Crude 6.749 107.0 109.6 -1.4 -9.3 -7.8 2.2 2.4 11 Paper & paper base stocks 1.774 82.0 81.7 -10.2 1.0 0.4 2.4 -0.4 12 Materials associated with nondurable supplies & materials 5.998 96.2 95.9 -1.8 0.1 -0.8 0.1 -0.3 13 Selected building materials 2.229 114.8 112.3 4.9 0.6 -0.9 1.0 -2.2 14 Unfinished metals associated with durable goods 4.494 96.2 98.2 1.9 2.0 0.3 0.4 2.1 15 Finished metals associated with durable goods 1.439 97.0 96.7 -2.1 -0.5 -0.1 -0.1 -0.3 16 Nonmetals associated with durable goods 1.479 95.8 95.9 -2.8 -0.6 -0.6 -0.3 0.1 2 CAPITAL GOODS 28.708 92.0 92.2 -5.2 -0.4 -1.0 -0.6 0.2 20 Electric & electrical generating equipment 3.345 97.5 97.3 -2.0 -0.8 0.1 -0.2 -0.2 21 Nonelectrical machinery 23.699 90.0 90.2 -6.5 -0.4 -1.1 -0.8 0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 17.521 100.3 100.8 0.4 0.1 -0.2 -0.3 0.5 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 22.022 99.8 99.7 -0.6 -0.6 0.0 0.2 -0.1 40 Nondurables, manufactured 10.856 101.3 101.3 0.4 -0.1 0.3 0.5 0.0 41 Durables, manufactured 10.057 98.0 98.0 -2.0 -0.5 -0.1 -0.4 0.0 42 Nonmanufactured consumer goods 1.109 102.7 100.5 2.4 -7.2 -1.5 3.8 -2.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for March, April and May 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, June 1996-June 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance June Feb. March April May END Description 1996 1997 1997 1997 1997 USE May May June to to to to to 1997 1997 1997 June March April May June 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.8 98.7 -2.7 0.1 -0.7 -0.2 -0.1 AGRICULTURAL COMMODITIES 10.178 96.7 94.9 -19.8 1.5 -6.9 -1.1 -1.9 NONAGRICULTURAL COMMODITIES 89.821 99.0 99.1 -0.1 -0.1 0.1 -0.1 0.1 0 FOODS, FEEDS, & BEVERAGES 9.101 97.0 95.2 -21.7 1.7 -7.5 -1.1 -1.9 00 Agricultural foods, feeds & beverages, excluding distilled beverages 8.405 98.0 96.0 -23.3 1.9 -8.0 -1.0 -2.0 01 Nonagricultural foods (fish, distilled beverages) 0.696 88.0 87.6 -3.9 -0.8 -1.4 -1.6 -0.5 1 INDUSTRIAL SUPPLIES & MATERIALS 25.432 95.2 95.6 0.3 0.0 0.0 -0.1 0.4 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.889 96.1 96.6 -0.5 -0.2 -0.1 -0.1 0.5 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 15.541 94.7 95.0 0.8 0.2 -0.1 0.0 0.3 10 Agricultural industrial supplies & materials 1.773 92.6 91.7 -2.2 0.1 -1.9 -1.6 -1.0 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 23.658 95.5 95.9 0.4 0.0 0.1 0.1 0.4 11 Fuels & lubricants 2.427 110.0 109.9 0.7 -0.6 -0.5 -0.2 -0.1 12 Nonagricultural supplies & materials excluding fuels & building materials 19.649 92.9 93.4 -0.1 0.2 0.3 0.1 0.5 13 Selected building materials 1.582 95.4 95.6 0.5 -1.5 -1.6 -0.1 0.2 2 CAPITAL GOODS 44.079 100.1 100.2 -0.8 0.0 0.0 -0.3 0.1 20 Electric & electrical generating Equipment 4.367 100.7 101.3 0.5 0.2 0.2 0.0 0.6 21 Nonelectrical machinery 34.432 97.9 97.7 -2.2 -0.1 -0.1 -0.3 -0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 9.634 102.1 102.1 1.0 0.2 0.3 -0.1 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 11.754 102.0 102.0 0.7 -0.3 0.1 0.2 0.0 40 Nondurables, manufactured 6.167 101.2 101.1 -0.3 -0.2 -0.3 0.1 -0.1 41 Durables, manufactured 5.047 102.2 102.3 1.5 -0.3 0.6 0.2 0.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for March, April and May 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, June 1996-June 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance June Feb. March April May SITC Description 1996 1997 1997 1997 1997 Rev. 3 May May June to to to to to 1997 1997 1997 June March April May June 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.3 98.7 -1.4 -1.3 -1.1 0.0 0.4 0 FOOD AND LIVE ANIMALS 4.165 103.1 102.6 8.3 4.7 -2.3 3.6 -0.5 01 Meat and meat preparations 0.354 103.6 101.9 12.7 5.7 1.4 -1.2 -1.6 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 0.998 101.8 103.3 5.9 -0.4 0.7 1.4 1.5 05 Vegetables and fruit, prepared fresh or dried 1.099 105.1 92.3 -6.1 6.7 -8.6 3.5 -12.2 07 Coffee, tea, cocoa, spices and manufactures thereof 0.750 107.9 127.0 52.1 14.9 -0.4 9.9 17.7 3/ Other food and live animals (9612=100) 0.964 103.0 100.3 n.a. 0.8 0.2 3.0 -2.6 1 BEVERAGES AND TOBACCO 0.833 107.0 107.5 3.8 0.2 0.3 -0.2 0.5 11 Beverages 0.699 103.5 104.0 2.6 0.3 0.3 -0.1 0.5 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 3.060 99.6 97.4 3.3 -3.0 -1.3 1.9 -2.2 23 Crude rubber (including synthetic and reclaimed) 0.272 82.1 83.9 -7.5 0.2 -4.0 -3.2 2.2 24 Cork and wood 1.151 126.9 122.5 7.8 0.6 -1.0 1.6 -3.5 25 Pulp and waste paper 0.356 64.4 65.8 6.0 -1.2 -1.7 0.9 2.2 28 Metalliferous ores and metal scrap 0.639 105.1 104.5 2.8 0.4 2.9 -0.8 -0.6 29 Crude animal and vegetable materials, n.e.s. (9612=100) 0.301 117.1 105.2 n.a. -29.0 -10.4 24.2 -10.2 3/ Other crude materials, inedible, except fuels (9612=100) 0.341 95.6 94.0 n.a. 2.2 -0.1 -2.0 -1.7 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 9.196 106.3 108.6 -1.8 -11.0 -7.6 1.0 2.2 33 Petroleum, petroleum products and related materials 8.062 106.4 108.8 -2.0 -8.6 -7.4 1.6 2.3 34 Gas, natural and manufactured 1.012 110.2 111.8 3.3 -26.2 -9.7 -3.1 1.5 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 5.562 96.5 96.8 -2.0 -0.1 -1.2 -0.1 0.3 51 Organic chemicals 1.587 96.4 96.3 -2.1 0.5 -3.3 -0.1 -0.1 52 Inorganic chemicals 0.684 100.8 98.7 -1.1 -1.2 -0.4 -0.3 -2.1 53 Dyeing, tanning and coloring materials 0.286 96.8 97.2 -4.8 -0.5 0.2 -0.3 0.4 54 Medicinal and pharmaceutical products 0.895 95.4 96.4 -3.3 -0.6 0.0 -0.6 1.0 55 Essential oils; polishing and cleansing preps 0.323 98.7 97.8 -2.5 -0.5 0.6 -0.1 -0.9 57 Plastics in primary forms 0.360 90.9 91.6 -5.8 -0.9 -2.2 1.5 0.8 58 Plastics in nonprimary forms 0.542 86.0 90.8 4.2 0.5 0.0 -0.1 5.6 59 Chemical materials and products, n.e.s. 0.657 104.2 103.5 -3.8 -0.1 -0.4 0.0 -0.7 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 12.480 96.4 96.8 -2.4 0.6 -0.1 0.5 0.4 62 Rubber manufactures, n.e.s. 0.729 97.5 97.7 -2.5 -0.5 0.1 0.0 0.2 63 Cork and wood manufactures other than furniture 0.557 99.5 99.0 -2.3 -1.3 0.5 -0.2 -0.5 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.587 87.9 87.2 -13.6 1.4 0.8 2.6 -0.8 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.411 100.3 100.6 0.5 0.1 0.2 -0.4 0.3 66 Nonmetallic mineral manufactures, n.e.s. 2.143 103.2 102.6 1.1 -0.4 -0.4 0.4 -0.6 67 Iron and steel 2.031 96.4 96.6 -1.1 0.2 0.3 -0.1 0.2 68 Nonferrous metals 1.885 91.7 95.3 1.6 3.9 -0.5 1.2 3.9 69 Manufactures of metals, n.e.s. 1.971 98.9 98.7 -1.7 -0.4 -0.5 -0.1 -0.2 7 MACHINERY AND TRANSPORT EQUIPMENT 46.810 95.5 95.7 -2.9 -0.3 -0.6 -0.4 0.2 71 Power generating machinery and equipment (9612=100) 2.966 99.2 99.2 n.a. -0.3 0.0 -0.3 0.0 72 Machinery specialized for particular industries 2.667 98.9 99.4 -1.7 -0.9 -0.5 -0.3 0.5 73 Metalworking machinery 0.817 98.0 98.3 -3.0 -2.4 0.1 0.1 0.3 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.409 97.9 98.6 -1.9 -1.1 -0.4 -0.2 0.7 75 Computer equipment and office machines 7.342 81.9 81.2 -11.5 -1.4 -1.4 -1.6 -0.9 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.541 93.0 93.1 -4.3 -0.3 -1.0 -0.5 0.1 77 Electrical machinery and equipment 9.612 89.8 90.4 -5.3 0.7 -0.8 -0.3 0.7 78 Road vehicles 14.415 100.4 100.8 0.4 0.2 -0.2 -0.2 0.4 8 MISCELLANEOUS MANUFACTURED ARTICLES 17.429 100.5 100.4 -0.3 -0.2 0.2 0.2 -0.1 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s. 0.381 95.9 95.6 -3.9 -2.7 0.1 -0.2 -0.3 82 Furniture and parts thereof 1.261 103.3 102.8 2.0 0.5 1.1 -0.2 -0.5 83 Travel goods, handbags and similar containers 0.500 101.0 101.2 0.1 0.3 -0.2 -0.2 0.2 84 Articles of apparel and clothing accessories 5.836 103.4 103.2 1.7 0.2 0.8 0.9 -0.2 85 Footwear 1.757 100.9 101.0 -0.3 -0.7 0.0 -0.1 0.1 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.578 96.7 97.1 -2.2 -1.3 -0.4 -0.3 0.4 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.339 94.3 94.5 -3.0 -0.7 0.3 -1.4 0.2 89 Miscellaneous manufactured articles, n.e.s. 4.776 99.7 99.6 -1.3 -0.3 -0.1 0.0 -0.1 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for March, April and May 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 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, June 1996-June 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance June Feb. March April May SITC Description 1996 1997 1997 1997 1997 Rev. 3 May May June to to to to to 1997 1997 1997 June March April May June 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.8 98.7 -2.7 0.1 -0.7 -0.2 -0.1 0 FOOD AND LIVE ANIMALS 7.425 95.6 93.3 -23.5 1.1 -5.9 -1.7 -2.4 01 Meat and meat preparations 1.142 95.7 95.4 -6.1 2.0 0.3 -1.0 -0.3 03 Fish, crustaceans, aquatic invertebrates and preparations 0.522 85.9 85.2 -4.7 -1.2 -1.8 -1.8 -0.8 04 Cereals and cereal preparations 2.509 84.9 78.6 -46.0 2.0 -15.1 -4.7 -7.4 05 Vegetables, fruit and nuts, fresh or dried 1.428 100.6 101.5 -4.0 -0.7 -1.1 0.5 0.9 08 Feeding stuff for animals (not including unmilled cereals) 0.893 127.7 127.3 3.9 2.0 0.8 1.1 -0.3 09 Miscellaneous edible products and preparations 0.385 103.7 103.5 0.3 -0.1 0.0 0.4 -0.2 3/ Other food and live animals (9612=100) 0.545 102.8 103.6 n.a. 1.0 0.2 -0.3 0.8 1 BEVERAGES ANB TOBACCO 1.494 100.4 100.8 0.2 -0.2 0.0 0.2 0.4 12 Tobacco and tobacco manufactures 1.233 100.4 100.9 0.3 -0.3 -0.1 0.4 0.5 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 5.746 88.9 89.5 -0.9 1.1 -5.0 0.5 0.7 21 Hides, skins and furskins, raw 0.358 110.0 102.5 7.1 0.8 -1.6 -3.3 -6.8 22 Oil seeds and oleaginous fruits 1.203 110.8 109.7 -13.6 5.1 -17.9 1.4 -1.0 24 Cork and wood 0.979 94.2 94.3 -0.4 -2.3 -1.9 0.0 0.1 25 Pulp and waste paper 0.698 60.6 66.0 16.2 -1.3 0.5 2.9 8.9 26 Textile fibers and their waste 0.826 83.3 83.3 -8.6 2.4 -2.0 -0.2 0.0 27 Crude fertilizers and crude minerals 0.332 97.3 98.0 1.2 -0.7 0.0 0.4 0.7 28 Metalliferous ores and metal scrap 0.929 90.1 91.9 2.9 1.0 0.1 0.3 2.0 3/ Other crude materials, inedible, except fuels (9612=100) 0.422 100.2 98.2 n.a. -0.1 -1.6 -0.8 -2.0 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 2.134 110.7 110.8 1.6 -0.8 -0.6 0.0 0.1 32 Coal, coke and briquettes 0.695 102.4 101.9 -1.2 0.0 0.3 -0.1 -0.5 33 Petroleum, petroleum products and related materials 1.307 120.0 119.3 4.9 -1.6 0.3 0.1 -0.6 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.438 93.6 94.6 -0.8 -1.1 -3.2 0.2 1.1 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 10.922 96.8 96.7 -0.4 0.4 -0.2 0.2 -0.1 51 Organic chemicals 2.575 85.3 85.2 -3.0 0.3 -1.2 0.2 -0.1 52 Inorganic chemicals 0.836 99.8 99.7 -4.5 -0.7 0.3 0.2 -0.1 53 Dyeing, tanning and coloring materials 0.494 102.3 102.6 1.8 0.6 -0.4 0.3 0.3 54 Medicinal and pharmaceutical products 1.224 101.6 101.7 -0.1 -0.3 0.8 -0.1 0.1 55 Essential oils; polishing and cleansing preps 0.753 102.8 102.9 2.1 -0.3 0.1 0.5 0.1 56 Fertilizers (9612=100) 0.557 95.0 96.5 n.a. -1.8 -2.0 0.7 1.6 57 Plastics in primary forms 1.898 97.6 96.9 1.5 2.1 0.1 -0.3 -0.7 58 Plastics in nonprimary forms 0.826 99.4 98.8 -1.1 0.3 -0.2 0.9 -0.6 59 Chemical materials and products, n.e.s. 1.760 104.3 104.1 2.1 0.4 0.5 0.3 -0.2 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.615 97.7 98.2 0.3 0.0 0.3 -0.1 0.5 62 Rubber manufactures, n.e.s. 0.670 103.1 103.3 0.5 0.1 0.3 0.1 0.2 63 Cork and wood manufactures other than furniture 0.286 90.3 90.7 -1.2 1.1 -1.8 -0.8 0.4 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.489 82.9 83.5 -4.4 -0.1 -1.0 0.7 0.7 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.404 103.1 103.2 -0.6 -1.0 2.0 -0.6 0.1 66 Nonmetallic mineral manufactures, n.e.s. 1.287 104.1 104.3 3.1 -0.1 0.0 0.1 0.2 67 Iron and steel 1.101 103.0 103.1 0.4 0.3 -0.2 -0.2 0.1 68 Nonferrous metals 1.269 91.6 93.2 -0.2 -0.8 0.3 -0.4 1.7 69 Manufactures of metals, n.e.s. 1.951 103.6 104.4 2.9 1.0 0.8 -0.4 0.8 7 MACHINERY AND TRANSPORT EQUIPMENT 50.243 100.4 100.7 -0.2 0.0 0.1 -0.2 0.3 71 Power generating machinery and equipment 4.244 106.5 106.3 1.9 0.4 0.7 0.2 -0.2 72 Machinery specialized for particular industries 4.628 104.2 104.4 1.7 -0.1 0.1 0.4 0.2 73 Metalworking machinery 0.937 103.9 104.4 2.1 1.3 -0.2 -0.7 0.5 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 4.934 104.4 104.5 2.0 0.3 0.5 -0.2 0.1 75 Computer equipment and office machines 6.662 85.2 84.8 -9.5 -0.2 -0.3 -1.4 -0.5 76 Telecommunications & sound recording & reproducing apparatus & equipment 3.777 99.6 99.6 -1.5 -0.3 0.0 -0.3 0.0 77 Electrical machinery and equipment 11.852 96.9 96.6 -2.5 -0.2 0.2 0.0 -0.3 78 Road vehicles 8.992 101.7 101.8 0.8 0.3 0.1 -0.2 0.1 8 MISCELLANEOUS MANUFACTURED ARTICLES 11.144 101.7 101.6 0.8 0.0 -0.1 0.3 -0.1 82 Furniture and parts thereof 0.629 103.8 103.7 2.2 0.1 0.0 1.2 -0.1 84 Articles of apparel and clothing accessories 1.242 101.4 99.4 -0.9 0.1 0.0 0.0 -2.0 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.671 103.3 103.4 1.8 0.1 -0.7 0.2 0.1 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s. 0.936 98.4 98.7 0.2 -0.3 -0.9 0.9 0.3 89 Miscellaneous manufactured articles, n.e.s. 4.214 100.6 100.9 0.3 0.1 0.4 0.1 0.3 3/ Other miscellaneous manufactured articles (9612=100) 0.452 100.9 100.9 n.a. 0.0 0.1 0.1 0.0 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for March, April and May 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, June 1996-June 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance June Feb. March April May nized Description 1996 1997 1997 1997 1997 System May May June to to to to to 1997 1997 1997 June March April May June 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.557 102.3 100.6 6.7 1.3 0.6 2.1 -1.7 02 Meat and edible meat offal 0.272 98.3 96.1 9.5 6.1 1.1 -1.7 -2.2 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.876 102.6 102.8 5.7 -0.4 0.6 1.7 0.2 3/ Other live animals and animal products (9612=100) 0.409 106.9 101.1 n.a. 2.0 0.4 5.7 -5.4 II VEGETABLE PRODUCTS 1.665 97.8 94.3 7.9 3.4 -6.5 6.9 -3.6 07 Edible vegetables and certain roots and tubers 0.301 112.5 n.a. n.a. 26.4 -21.2 14.4 n.a. 08 Edible fruit and nuts; peel of citrus fruit or melons 0.462 103.9 102.6 2.6 0.4 -2.3 -0.6 -1.3 09 Coffee, tea, mate and spices 0.468 97.5 111.5 41.1 14.1 -1.8 10.7 14.4 3/ Other vegetable products 0.435 101.4 96.9 3.2 -14.0 -4.6 6.7 -4.4 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 2.045 101.4 101.9 -1.9 -0.8 0.6 0.0 0.5 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.276 93.2 92.3 -17.6 -1.5 -2.9 0.2 -1.0 22 Beverages, spirits, and vinegar 0.731 103.0 103.1 1.8 -0.1 0.3 -0.2 0.1 3/ Other prepared foodstuffs (9612=100) 1.038 100.2 101.3 n.a. -1.1 1.8 0.2 1.1 V MINERAL PRODUCTS 9.777 105.9 108.1 -2.0 -10.8 -7.3 0.8 2.1 26 Ores, slag and ash 0.296 104.0 103.8 6.0 0.6 3.9 0.2 -0.2 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 9.252 106.0 108.3 -2.3 -11.3 -7.8 0.9 2.2 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 5.232 99.9 99.7 -1.5 0.0 -0.8 -0.2 -0.2 28 Inorganic chemicals 0.862 105.1 103.9 1.0 0.6 0.0 -0.4 -1.1 29 Organic chemicals 1.995 96.5 96.9 -2.3 0.4 -2.9 0.2 0.4 30 Pharmaceutical products 0.547 101.8 102.6 1.0 -0.5 0.6 0.1 0.8 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.285 95.6 96.3 -5.4 -0.3 0.3 -0.5 0.7 37 Photographic or cinematographic goods 0.359 100.4 99.3 1.5 1.0 1.8 -0.3 -1.1 38 Miscellaneaous chemical products (9612=100) 0.413 98.6 98.5 n.a. -1.1 0.3 -0.5 -0.1 3/ Other products of the chemical or allied industries (9612=100) 0.772 99.7 97.9 n.a. -0.6 0.3 -0.4 -1.8 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.798 93.0 94.2 -1.8 0.1 -0.7 -0.2 1.3 39 Plastics and articles thereof 1.718 94.6 96.3 0.7 0.6 -0.7 0.4 1.8 40 Rubber and articles thereof 1.080 90.7 91.1 -5.4 -0.5 -1.1 -1.0 0.4 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 1.002 103.9 103.5 1.5 0.0 -0.4 0.5 -0.4 42 Articles of leather; travel goods, bags, etc. of various materials 0.803 101.7 101.9 1.1 0.1 0.1 0.2 0.2 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.753 114.9 111.8 3.1 0.1 -1.0 1.2 -2.7 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.315 84.4 84.2 -7.7 0.4 0.1 1.9 -0.2 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.357 65.3 66.6 5.7 -1.1 -2.0 1.1 2.0 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.602 88.9 88.3 -12.3 1.2 0.7 2.3 -0.7 49 Printed matter 0.356 101.9 101.5 0.9 -1.7 -0.2 1.2 -0.4 XI TEXTILE AND TEXTILE ARTICLES 6.902 102.6 102.3 1.4 0.3 0.7 0.9 -0.3 61 Articles of apparel and clothing accessories, knitted or crocheted 2.014 101.3 101.5 -0.6 0.2 0.7 -0.2 0.2 62 Articles of apparel and clothing accessories, not knitted or crocheted 3.352 105.5 104.9 3.3 0.3 1.0 2.0 -0.6 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.337 96.9 97.2 -3.3 0.6 -0.3 -1.2 0.3 3/ Other textile & textile articles (9612=100) 1.199 100.9 100.7 n.a. 0.4 0.2 -0.2 -0.2 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 2.051 101.1 101.2 -0.1 -0.6 0.1 0.0 0.1 64 Footwear, gaiters and the like; parts of such articles 1.766 100.7 100.8 -0.4 -0.8 0.0 -0.1 0.1 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 0.285 101.5 101.6 n.a. 0.2 1.1 0.2 0.1 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.146 103.5 102.5 -0.2 -0.7 -0.4 0.2 -1.0 69 Ceramic products 0.435 100.6 99.3 -1.8 -0.3 -0.8 -0.4 -1.3 70 Glass and glassware 0.449 104.6 103.4 0.0 -2.1 1.0 -0.2 -1.1 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 2.157 97.7 98.3 -1.3 0.9 -0.1 0.4 0.6 XV BASE METALS AND ARTICLES OF BASE METAL 5.843 95.4 96.1 -1.0 0.4 0.0 0.2 0.7 72 Iron and steel 1.738 95.3 95.7 -1.0 0.6 0.1 -0.1 0.4 73 Articles of iron or steel 1.287 98.0 97.8 -3.0 -0.6 -0.4 -0.3 -0.2 74 Copper and articles thereof 0.452 84.6 87.1 -5.3 1.4 0.8 -1.6 3.0 76 Aluminum and articles thereof 0.962 92.8 94.2 1.9 -0.1 -1.0 0.4 1.5 83 Miscellaneous articles of base metal 0.415 103.2 102.0 1.2 0.0 0.7 -0.1 -1.2 3/ Miscellaneous nonferrous metals and articles, including scrap (9612=100) 0.553 111.4 115.0 n.a. 3.9 2.6 3.7 3.2 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 30.702 91.8 92.1 -5.1 -0.3 -1.1 -0.6 0.3 84 Specialized machinery & computer equipment 16.161 93.2 93.2 -4.4 -1.0 -1.2 -0.6 0.0 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 14.541 90.3 90.9 -5.6 0.4 -1.1 -0.4 0.7 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 15.591 100.5 101.0 0.5 0.1 -0.2 -0.3 0.5 87 Motor vehicles and their parts 14.734 100.3 100.8 0.3 0.1 -0.1 -0.3 0.5 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 3.515 94.0 94.3 -4.1 -1.1 -0.2 -0.8 0.3 90 Optical, photographic, measuring and medical instruments 3.000 93.9 94.2 -4.0 -1.0 -0.3 -0.8 0.3 91 Clocks and watches and parts thereof 0.371 94.1 94.3 -4.3 -1.8 -0.2 -0.6 0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.683 99.9 99.8 -0.9 -0.3 0.5 -0.3 -0.1 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.586 100.4 100.1 0.3 -0.2 0.8 -0.2 -0.3 95 Toys, games and sports equipment; parts and accessories thereof 1.817 100.7 100.5 -1.5 -0.2 0.1 -0.1 -0.2 96 Miscellaneous manufactured articles 0.280 93.1 94.3 -2.9 -0.3 1.1 -1.9 1.3 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for March, April and May 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, June 1996-June 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance June Feb. March April May nized Description 1996 1997 1997 1997 1997 System May May June to to to to to 1997 1997 1997 June March April May June 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.886 94.5 93.9 -2.6 0.6 -0.4 -1.0 -0.6 02 Meat & edible meat offal 1.062 93.6 93.3 -6.6 1.9 0.4 -1.2 -0.3 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.466 84.4 83.6 -5.7 -1.2 -2.0 -1.1 -0.9 3/ Other live animals and animal products (9612=100) 0.358 98.5 97.2 n.a. -0.4 -0.7 -0.9 -1.3 II VEGETABLE PRODUCTS 4.976 93.2 89.8 -33.1 2.3 -12.7 -1.9 -3.6 07 Edible vegetables and certain roots and tubers 0.302 95.6 92.4 -9.5 4.1 -4.6 0.8 -3.3 08 Edible fruit and nuts; peel of citrus fruit or melons 0.722 98.7 101.9 -3.9 -3.0 -0.2 0.8 3.2 10 Cereals 2.275 82.9 76.2 -49.0 2.1 -16.3 -5.3 -8.1 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.387 111.2 109.6 -12.0 4.6 -15.7 0.9 -1.4 III ANIMAL OR VEGETABLE FATS AND OILS 0.472 93.8 94.2 -2.7 -1.4 -2.8 0.3 0.4 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.608 105.6 105.6 -0.3 0.1 0.2 -0.1 0.0 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.382 107.2 107.1 -1.5 -0.5 -0.2 -1.9 -0.1 21 Miscellaneous edible preparations 0.357 104.5 104.3 1.4 0.0 0.0 0.4 -0.2 22 Beverages, spirits, and vinegar 0.329 99.5 99.4 -2.5 0.2 0.1 -0.5 -0.1 23 Residues and waste from the food industries; prepared animal feed 0.804 124.2 123.1 -0.1 0.8 0.7 0.6 -0.9 24 Tobacco and manufactured tobacco substitutes 1.240 100.4 100.9 0.3 -0.3 -0.1 0.4 0.5 3/ Other prepared foods 0.497 100.2 100.5 -1.2 -0.1 0.5 -0.5 0.3 V MINERAL PRODUCTS 2.758 108.7 109.1 2.5 -1.1 -0.5 0.0 0.4 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 2.210 112.8 112.7 2.5 -1.0 -0.6 0.1 -0.1 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 8.848 97.3 97.4 -0.6 -0.2 -0.3 0.3 0.1 28 Inorganic chemicals 0.928 102.0 102.0 -2.3 -0.9 0.5 0.3 0.0 29 Organic chemicals 2.898 89.0 88.9 -2.5 0.1 -0.7 0.2 -0.1 30 Pharmaceutical products 0.880 100.7 100.7 -0.2 -0.3 0.1 -0.1 0.0 31 Fertilizers (9612=100) 0.618 95.0 96.5 n.a. -1.8 -2.0 0.7 1.6 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.503 102.1 102.3 1.4 0.7 -0.5 0.4 0.2 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.530 103.5 103.6 2.9 0.0 0.0 0.7 0.1 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.307 101.3 101.3 0.9 -0.5 0.1 0.3 0.0 37 Photographic or cinematographic goods 0.425 94.9 95.1 -1.9 -0.5 -2.0 0.1 0.2 38 Miscellaneous chemical products 1.538 104.1 103.8 1.6 0.5 0.3 0.3 -0.3 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.393 98.6 98.3 0.2 1.0 -0.2 0.1 -0.3 39 Plastics and articles thereof 3.488 98.2 97.9 0.3 1.3 -0.1 0.2 -0.3 40 Rubber and articles thereof 0.905 100.2 99.7 -0.3 -0.1 -0.6 -0.1 -0.5 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.596 102.6 98.9 5.2 -0.4 -0.9 -1.4 -3.6 41 Raw hides and skins (other than furskins) and leather 0.431 99.7 94.2 8.4 2.0 -1.1 -2.3 -5.5 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.292 94.0 94.1 -0.2 -1.5 -1.8 -0.2 0.1 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.861 75.7 77.4 -0.4 -0.5 -0.8 1.3 2.2 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.636 57.4 61.7 5.8 -2.1 -0.2 2.0 7.5 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.443 82.7 83.4 -5.2 0.4 -1.8 1.0 0.8 49 Printed material 0.782 105.7 106.5 3.6 -1.0 0.6 1.6 0.8 XI TEXTILE AND TEXTILE ARTICLES 3.226 93.4 91.9 -5.1 0.2 0.3 -0.3 -1.6 52 Cotton, including yarns and woven fabrics thereof 0.710 83.0 83.0 -9.5 0.5 -1.5 -0.2 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. 0.845 103.2 103.3 2.1 -0.2 0.1 0.0 0.1 70 Glass and glassware 0.483 101.0 101.2 0.8 -0.2 0.1 -0.1 0.2 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.872 97.0 98.6 -2.6 -0.5 1.0 -0.8 1.6 XV BASE METALS AND ARTICLES OF BASE METALS 4.611 96.4 97.1 0.1 0.8 0.5 -0.5 0.7 72 Iron and steel 0.966 93.5 94.7 -3.2 0.2 0.5 -1.1 1.3 73 Articles of iron or steel 1.230 106.1 106.6 4.4 2.9 0.5 -0.4 0.5 74 Copper and articles thereof 0.454 87.5 87.9 -6.7 2.2 0.8 -0.9 0.5 76 Aluminum and articles thereof 0.878 88.9 89.4 0.8 -0.3 0.1 -0.2 0.6 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof 0.408 103.0 103.1 0.7 -0.3 -0.4 -0.2 0.1 83 Miscellaneous articles of base metal 0.369 99.8 101.4 1.5 0.0 0.6 -0.3 1.6 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 36.949 97.8 97.6 -2.3 -0.1 0.1 -0.3 -0.2 84 Specialized machinery & computer equipment 20.329 98.0 98.0 -1.9 -0.1 0.1 -0.5 0.0 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 16.620 97.5 97.3 -2.4 0.0 0.1 -0.1 -0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 13.483 103.8 104.7 2.5 0.2 0.1 -0.1 0.9 87 Motor vehicles and their parts 9.415 101.8 102.0 0.9 0.3 0.0 -0.1 0.2 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 5.344 102.1 102.6 1.3 -0.3 -0.2 0.0 0.5 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.763 102.2 102.2 1.1 0.1 0.0 0.5 0.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.867 103.9 103.9 2.1 0.0 0.0 1.1 0.0 95 Toys, games and sports equipment; parts and accessories thereof 0.724 100.5 100.5 0.1 0.1 -0.1 0.0 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for March, April and May 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,June 1996-June 1997 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports June Feb. March April May Description 1/ 1996 1997 1997 1997 1997 1995 May June to to to to to 1997 1997 June March April May June 2/ 1997 1997 1997 1997 1997 3/ Developed Countries 55.6 97.3 97.4 -2.3 -1.1 -0.8 -0.2 0.1 Manufactured Goods 52.2 97.0 97.1 -2.2 -0.4 -0.4 -0.3 0.1 Nonmanufactured Goods 3.1 105.3 105.3 -4.3 -11.0 -6.6 1.2 0.0 3/ Developing Countries 42.7 102.2 102.8 1.3 -1.0 -1.2 0.3 0.6 Manufactured Goods 35.4 99.9 99.9 -0.4 0.2 -0.2 -0.2 0.0 Nonmanufactured Goods 7.1 108.1 111.5 4.9 -5.7 -6.3 3.1 3.1 Canada 18.9 99.1 99.2 -0.8 -1.2 -0.7 0.1 0.1 Manufactured Goods 16.5 98.6 98.7 0.0 0.8 -0.1 0.0 0.1 Nonmanufactured Goods 2.2 106.5 106.6 -5.0 -12.9 -4.8 0.9 0.1 4/ European Union 17.0 100.9 100.9 -1.2 -1.0 -0.6 -0.1 0.0 Manufactured Goods 16.4 100.6 100.7 -1.1 -0.7 -0.2 -0.2 0.1 Nonmanufactured Goods 0.5 110.1 110.5 -1.1 -6.1 -12.9 2.1 0.4 Japan 16.6 92.8 93.0 -4.7 -0.4 -0.7 -0.7 0.2 5/ Asian Newly Industrialized Countries 10.9 96.1 95.4 -3.4 0.0 0.1 -0.3 -0.7 1 Regions are not mutually exclusive. 2 Data for March, April and May 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 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. June 1996-June 1997 1995 = 100 Index Percent Change Annual Quarterly Trade June June Sept. Dec. March Description (Mil. 1996 1996 1996 1996 1997 of March June to to to to to Dollars) 1997 1997 June Sept. Dec. March June 1997 1996 1996 1997 1997 Air Freight (Inbound) 5495 89.5 89.9 -5.5 0.5 -0.6 -5.8 0.4 Atlantic 1880 89.7 88.9 -4.6 1.8 1.8 -7.1 -0.9 Pacific 3151 89.8 91.1 -5.3 -0.6 -1.7 -4.5 1.4 Air Freight (Outbound) 5835 99.8 99.2 -0.2 -0.5 0.3 0.6 -0.6 Atlantic 2080 99.9 99.4 0.5 -0.2 0.3 0.9 -0.5 Pacific 3222 100.3 100.0 -0.7 -0.9 0.4 0.1 -0.3 Air Passenger Fares (U.S. Carrier) 30673 97.1 113.0 8.3 2.9 -5.3 -4.4 16.4 1/ Atlantic 8811 97.5 118.3 8.9 6.0 -13.5 -2.1 21.3 1/ Pacific 15900 86.4 102.2 1.9 -1.7 -3.7 -9.1 18.3 1/ Latin American / Caribbean 4542 106.8 114.9 11.9 0.2 0.0 3.8 7.6 Canadian 1367 155.7 162.6 52.2 15.7 24.3 1.4 4.4 Air Passenger Fares (Foreign Carrier) 31694 98.5 106.1 3.0 2.4 -4.5 -2.2 7.7 1/ Atlantic 13572 97.1 110.2 4.1 4.0 -8.9 -3.2 13.5 1/ Pacific 12570 92.3 96.4 -0.5 -2.6 -0.2 -2.0 4.4 1/ Latin American / Caribbean 4224 104.5 104.8 2.6 1.3 0.2 0.9 0.3 1/ Crude Oil Tanker Freight (Inbound) 1949 107.3 n.a. n.a. -11.0 8.1 7.2 n.a. Ocean Liner Freight (Inbound) 12253 97.6 96.8 -2.8 -1.6 0.4 -0.8 -0.8 U.S. East Coast 5410 99.8 99.6 -1.9 -0.8 1.0 -1.9 -0.2 from Atlantic 2647 99.4 98.7 -3.7 -1.4 0.3 -2.0 -0.7 from Pacific 1874 98.4 98.9 0.3 -0.2 0.1 -0.1 0.5 U.S. West Coast 6844 95.4 94.1 -3.8 -2.5 0.0 0.0 -1.4 from Pacific 6347 95.1 93.9 -3.6 -2.5 -0.2 0.3 -1.3 1 Detailed data available upon request. n.a. N Table 8 U.S. Import and Export Price Indexes and Percent Changes for Selected Categories of Services. June 1996-June 1997 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade June June Sept. Dec. March Description (Mil. 1996 1996 1996 1996 1997 of March June to to to to to Dollars) 1997 1997 June Sept. Dec. March June 1997 1996 1996 1997 1997 IMPORT Air Freight 3188 90.1 90.7 -6.6 -0.3 -1.2 -5.8 0.7 Atlantic 1278 91.2 91.2 -5.5 2.0 -0.2 -7.1 0.0 Pacific 1674 90.5 91.8 -6.4 -1.4 -2.0 -4.5 1.4 Air Passenger Fares 11127 100.5 113.2 8.3 -1.4 -2.9 0.5 12.6 1/ Atlantic 4922 100.3 121.2 14.2 -0.3 -7.0 1.9 20.8 1/ Pacific 2340 98.1 111.4 9.9 -9.2 7.5 -0.9 13.6 1/ Latin American / Caribbean 3021 105.1 106.1 3.4 1.4 0.1 1.0 1.0 1/ Crude Oil Tanker Freight 1346 99.7 n.a. n.a. -11.3 6.3 5.8 n.a. Ocean Liner Freight 9868 98.0 97.1 -3.1 -1.3 -0.3 -0.6 -0.9 U.S. East Coast 4271 100.5 100.6 -1.1 -0.1 0.1 -1.2 0.1 from Atlantic 1952 100.4 99.9 -2.8 0.2 -0.1 -2.4 -0.5 from Pacific 1774 100.2 100.8 0.4 -0.2 0.2 -0.2 0.6 U.S. West Coast 5596 95.4 93.9 -4.9 -2.4 -0.6 -0.3 -1.6 from Pacific 5126 95.0 93.5 -4.8 -2.5 -0.8 0.1 -1.6 EXPORT Air Freight (9612 = 100) 2562 98.5 97.8 n.a. n.a. n.a. -1.5 -0.7 Air Passenger Fares 17272 89.8 103.1 3.7 3.5 -3.1 -9.9 14.8 1/ Atlantic 4120 98.6 109.9 4.8 8.3 -7.8 -5.8 11.5 1/ Pacific 10700 75.5 91.1 -2.8 0.2 -4.6 -15.7 20.7 Latin American / Caribbean 1392 101.8 106.9 6.9 0.8 0.8 0.2 5.0 Canadian 1006 155.0 158.8 47.3 7.1 26.3 6.3 2.5 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. 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