Technical information: USDL-07-1204 (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 Friday, August 10, 2007 U.S. IMPORT AND EXPORT PRICE INDEXES - JULY 2007 - The U.S. Import Price Index increased 1.5 percent in July, the Bureau of Labor Statistics of the U.S. Department of Labor reported today, after rising 0.9 percent the previous month. Higher petroleum prices drove the July advance. Export prices also continued to trend upward in July, increasing 0.2 percent following a 0.3 percent advance in June. 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 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 8.5 0.3 0.7 2.1 0.6 April 1.4 6.8 0.3 0.4 -1.4 0.5 May 0.9 r 2.6 r 0.6 r 0.2 0.0 r 0.2 June 0.9 r 4.4 r 0.1 r 0.3 2.7 r 0.2 r July 1.5 7.0 0.2 0.2 1.5 0.0 July 2005-06 7.0 28.5 2.4 4.5 2.1 4.7 July 2006-07 2.8 4.1 2.8 3.9 17.8 2.8 r = revised to reflect late reports and corrections by respondents. Import Goods Import prices rose 1.5 percent in July, the sixth consecutive increase for the index. Petroleum prices were also up for the sixth month in a row, increasing 7.0 percent in July after a 4.4 percent rise the previous month. Over the past 12 months, the price index for petroleum imports was up 4.1 percent, while overall import prices rose 2.8 percent. Nonpetroleum prices also advanced in July, rising 0.2 percent after rising 0.1 percent in June. For the year ended in July, prices for nonpetroleum imports increased 2.8 percent. The rise in nonpetroleum import prices was driven primarily by price increases for finished goods. The price index for capital goods increased 0.2 percent, following advances of 0.2 percent and 0.1 percent, respectively, in June and May. The increase in capital goods prices was led by a 2.3 percent advance in the price index for transportation equipment, excluding motor vehicles. Consumer goods prices edged up 0.1 percent for the second consecutive month. Similarly, the price index for automotive vehicles increased 0.1 percent for the fourth consecutive month. An increase in food prices also contributed to the overall increase in nonpetroleum import prices. Foods, feeds, and beverages prices continued to rise, advancing 1.6 percent in July and 9.8 percent over the past year. A 9.7 percent increase in vegetables prices led the July increase. In contrast, the price index for nonpetroleum industrial supplies and materials edged down 0.1 percent in July, the first decrease since January. The decline was led by lower prices for natural gas. Export Goods Export prices advanced 0.2 percent in July following increases of 0.3 percent and 0.2 percent in June and May, respectively. Agricultural export prices led the July increase, rising 1.5 percent. The advance followed an increase of 2.7 percent in June and continued an upward trend over the past 15 months. Higher prices for wheat, soybeans, and cotton contributed to the July increase, offsetting a decline in corn prices. Prices for agricultural exports rose 17.8 percent over the past year. Nonagricultural prices were unchanged in July. For the July 2006-2007 period, nonagricultural prices rose 2.8 percent while overall export prices increased 3.9 percent. The price index for nonagricultural industrial supplies and materials fell 0.5 percent in July, the first decline since October 2006. Lower metals prices drove the index downward, offsetting higher prices for fuel, paper, and chemicals. Despite the July downturn, nonagricultural industrial supplies and materials prices increased 6.0 percent for the year ended in July. In contrast, prices for each of the major finished goods categories rose in July. The price index for consumer goods increased 0.4 percent, while the price indexes for capital goods and automotive vehicles advanced 0.2 percent and 0.1 percent, respectively. Imports by Locality of Origin The price index for imports from China rose 0.4 percent in July, the largest monthly increase since the index was first published in December 2003. The July increase was the third consecutive monthly advance. Over the past year, import prices from China increased 0.9 percent. Higher petroleum prices in July contributed to increasing prices for imports from Mexico and Canada, which rose 1.7 percent and 0.3 percent, respectively. For the year ended in July, import prices from Mexico rose 4.7 percent and import prices from Canada advanced 3.7 percent. In contrast, July prices for imports from Japan and the European Union decreased 0.2 percent and 0.4 percent, respectively. Over the past 12 months, import prices from Japan fell 0.7 percent, while import prices from the European Union rose 1.1 percent. Import and Export Services Export travel and tourism prices, which are lagged one month, fell 0.2 percent in June after increasing in four of the previous five months. Import air passenger fares increased 3.3 percent in July, driven by similar advances of 5.8 percent and 5.6 percent, respectively, in Asian and Latin American/Caribbean fares. Export air passenger fares also increased, rising 5.0 percent in July after falling 1.5 percent in June. Over the past year, import air passenger fares rose 7.2 percent while export air passenger fares advanced 5.6 percent. Prices for import air freight were unchanged in July, after declining 0.2 percent in June. Prices for export air freight increased 0.6 percent. For the year ended in July, import air freight prices decreased 0.8 percent while export air freight prices advanced 1.8 percent. 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 Postsecondary Education Services ------------------------------------------------------------------- Import and Export Price Index data for August 2007 are scheduled for release on September 14 at 8:30 A.M. (E.D.T.). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods July 2006-July 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June END Description 2006 2007 2007 2007 2007 USE June June July to to to to to 2007 2007 2007 July April May June July 1/ 2007 2007 2007 2007 2007 ALL COMMODITIES.......................................... 100.000 119.7 121.5 2.8 1.4 0.9 0.9 1.5 ALL IMPORTS EXCLUDING PETROLEUM.......................... 80.794 106.9 107.1 2.8 0.3 0.6 0.1 0.2 ALL IMPORTS EXCLUDING FUELS (Dec. 2001=100)................................... 78.249 109.3 109.6 2.2 0.3 0.5 0.1 0.3 0 FOODS, FEEDS, & BEVERAGES.............................. 4.346 127.7 129.7 9.8 1.4 1.0 0.2 1.6 00 Agricultural foods, feeds & beverages, excluding distilled beverages............. 3.318 139.5 141.6 11.9 1.9 1.1 0.3 1.5 01 Nonagricultural foods (fish, distilled beverages) 1.028 101.0 102.7 3.3 -0.4 0.4 -0.3 1.7 1 INDUSTRIAL SUPPLIES & MATERIALS........................ 37.103 184.6 191.2 5.7 3.9 2.3 2.3 3.6 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM........................... 17.896 143.8 143.7 8.3 1.1 2.0 0.1 -0.1 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING FUELS (Dec. 2001=100)............... 15.351 150.4 151.0 6.0 1.2 1.8 -0.1 0.4 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE....................................... 10.072 146.8 147.5 8.0 1.8 2.4 -0.1 0.5 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM................ 7.824 139.1 138.1 8.6 0.1 1.4 0.5 -0.7 10 Fuels & lubricants............................... 21.752 237.3 251.2 5.7 6.0 2.7 4.0 5.9 100 Petroleum & petroleum products............... 19.207 244.4 261.5 4.1 6.8 2.6 4.4 7.0 10000 Crude................................ 13.435 244.8 264.9 4.2 6.9 2.9 5.2 8.2 101 Fuels, n.e.s.-coals & gas.................... 2.043 179.6 167.5 8.2 -2.2 2.1 0.0 -6.7 10110 Gas-natural.......................... 1.877 175.7 162.4 8.9 -2.6 2.1 -0.2 -7.6 11 Paper & paper base stocks........................ 0.827 110.8 110.5 -1.3 -0.8 0.0 0.2 -0.3 12 Materials associated with nondurable supplies & materials...................... 4.533 125.1 125.5 3.1 0.4 0.6 -0.1 0.3 13 Selected building materials...................... 1.897 113.1 116.1 -0.6 0.0 -0.2 1.7 2.7 14 Unfinished metals related to durable goods....... 4.771 215.0 214.4 16.4 3.2 3.7 -1.0 -0.3 15 Finished metals related to durable goods......... 1.743 133.5 133.8 4.1 2.0 4.1 0.3 0.2 16 Nonmetals related to durable goods............... 1.580 101.5 102.0 0.8 -0.2 0.0 -0.1 0.5 2 CAPITAL GOODS.......................................... 21.446 91.2 91.4 0.1 -0.2 0.1 0.2 0.2 20 Electric generating equipment.................... 2.640 105.8 105.8 3.5 0.6 0.4 0.5 0.0 21 Nonelectrical machinery.......................... 17.163 87.1 87.1 -0.9 -0.3 0.0 0.2 0.0 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............ 1.644 111.0 113.5 5.0 0.5 0.2 0.1 2.3 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 13.737 104.7 104.8 0.7 0.1 0.1 0.1 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES..................................... 23.369 101.4 101.5 1.2 0.0 0.0 0.1 0.1 40 Nondurables, manufactured........................ 10.799 104.2 104.6 1.6 0.0 0.0 0.1 0.4 41 Durables, manufactured........................... 11.411 98.2 98.2 0.7 -0.1 0.0 0.0 0.0 42 Nonmanufactured consumer goods................... 1.159 102.4 102.9 3.2 0.1 0.1 0.0 0.5 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 July 2006-July 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June END Description 2006 2007 2007 2007 2007 USE June June July to to to to to 2007 2007 2007 July April May June July 1/ 2007 2007 2007 2007 2007 ALL COMMODITIES............................................. 100.000 115.8 116.0 3.9 0.4 0.2 0.3 0.2 AGRICULTURAL COMMODITIES.................................... 8.441 146.8 149.0 17.8 -1.4 0.0 2.7 1.5 NONAGRICULTURAL COMMODITIES................................. 91.560 113.6 113.6 2.8 0.5 0.2 0.2 0.0 0 FOODS, FEEDS, & BEVERAGES................................. 7.719 148.5 149.0 16.0 -1.1 -0.1 2.3 0.3 00 Agricultural foods, feeds & beverages, excluding distilled beverages................ 7.038 150.9 151.3 17.4 -1.6 0.1 2.7 0.3 01 Nonagricultural foods (fish, distilled beverages)... 0.681 128.1 130.2 3.7 4.6 -3.1 -1.2 1.6 1 INDUSTRIAL SUPPLIES & MATERIALS........................... 30.118 148.5 148.4 6.6 1.2 0.4 0.5 -0.1 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE.......................................... 11.962 160.9 158.0 9.0 0.5 -0.1 0.1 -1.8 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE....................................... 18.158 142.0 143.5 5.4 1.7 0.7 0.8 1.1 10 Agricultural industrial supplies & materials........ 1.403 129.7 140.0 20.1 -0.3 -1.0 3.3 7.9 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS.................................. 28.716 149.8 149.1 6.0 1.3 0.5 0.3 -0.5 11 Fuels & lubricants.................................. 4.478 200.5 201.9 1.5 5.2 0.3 0.7 0.7 12 Nonagricultural supplies & materials excluding fuels & building materials......... 23.123 145.4 144.4 7.0 0.6 0.6 0.2 -0.7 13 Selected building materials......................... 1.115 113.9 113.9 3.7 0.2 0.4 0.5 0.0 2 CAPITAL GOODS............................................. 39.225 99.5 99.7 1.2 0.1 0.1 0.1 0.2 20 Electrical generating equipment..................... 3.687 106.7 107.0 2.1 0.5 -0.1 0.3 0.3 21 Nonelectrical machinery............................. 28.416 92.9 93.0 0.3 -0.1 0.1 0.1 0.1 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............... 7.122 122.3 122.7 4.7 0.6 0.1 0.3 0.3 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES...................... 10.478 106.1 106.2 1.0 0.1 0.0 0.1 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES........................................ 12.460 105.8 106.2 2.4 0.6 0.3 0.1 0.4 40 Nondurables, manufactured........................... 5.936 106.7 107.2 3.5 0.7 0.7 0.3 0.5 41 Durables, manufactured.............................. 5.440 103.6 104.0 1.5 0.5 0.1 -0.4 0.4 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 July 2006-July 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June NAICS Description 2006 2007 2007 2007 2007 June June July to to to to to 2007 2007 2007 July April May June July 1/ 2007 2007 2007 2007 2007 Nonmanufactured Articles...................................... 17.777 114.4 120.9 4.9 5.5 2.6 3.7 5.7 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 1.493 111.9 115.2 15.9 3.1 0.6 -2.0 2.9 111 Agricultural products............................. 1.024 110.7 116.6 27.9 4.6 -0.1 -1.9 5.3 21 OIL, GAS, MINERALS AND ORES........................... 16.284 114.6 121.4 4.0 5.8 2.8 4.2 5.9 212 Minerals and ores (Dec. 2006=100)................. 0.400 102.7 103.2 n.a. 1.2 0.3 0.6 0.5 Manufactured Articles......................................... 81.636 105.5 106.2 2.7 0.5 0.6 0.4 0.7 31 MANUFACTURED GOODS, PART 1............................ 10.287 103.8 104.4 3.3 0.3 0.5 0.5 0.6 311 Food and kindred products......................... 2.446 111.0 112.6 9.7 0.7 1.7 1.4 1.4 312 Beverages and tobacco products.................... 0.802 102.7 103.0 1.4 -0.1 0.1 0.0 0.3 313 Textiles and fabrics.............................. 0.500 106.6 106.9 3.4 0.3 0.1 0.9 0.3 314 Textile mill products............................. 0.773 100.7 100.9 0.2 -0.3 0.1 0.2 0.2 315 Apparel and accessories........................... 4.293 101.0 101.2 1.2 0.2 0.2 0.1 0.2 316 Leather and allied products....................... 1.473 101.7 102.4 1.6 0.2 0.1 0.1 0.7 32 MANUFACTURED GOODS, PART 2............................ 18.002 109.3 111.9 4.9 1.6 0.7 1.3 2.4 321 Wood products..................................... 1.217 92.3 95.0 -2.6 0.3 -0.4 2.8 2.9 322 Paper............................................. 1.346 103.7 103.9 -0.6 -0.7 0.0 0.2 0.2 324 Petroleum and coal products....................... 4.688 118.7 124.4 2.7 5.6 1.6 3.0 4.8 325 Chemicals......................................... 7.868 110.2 111.9 9.2 0.7 0.7 0.6 1.5 326 Plastics and rubber products...................... 1.675 103.3 104.0 2.1 -0.3 0.2 -0.1 0.7 327 Nonmetallic mineral products...................... 1.100 105.5 107.5 3.9 0.1 0.5 0.1 1.9 33 MANUFACTURED GOODS, PART 3............................ 53.347 104.6 104.7 1.8 0.3 0.5 0.0 0.1 331 Primary metals.................................... 5.610 148.1 147.5 15.0 3.3 4.5 -1.2 -0.4 332 Fabricated metal products, nesoi.................. 2.539 108.3 109.2 5.4 0.3 0.8 0.4 0.8 333 Machinery, except electrical...................... 6.684 105.7 105.8 3.3 0.3 0.2 0.7 0.1 334 Computer and electronic products.................. 14.068 94.7 94.4 -3.6 -0.6 -0.2 -0.1 -0.3 335 Electrical equipment, appliances, and components.. 3.653 106.3 106.5 3.6 0.3 0.4 0.4 0.2 336 Transportation equipment.......................... 14.465 101.3 101.6 1.1 0.1 0.1 0.2 0.3 337 Furniture and fixtures............................ 1.462 101.2 101.6 1.2 -0.1 0.1 0.1 0.4 339 Miscellaneous manufactured commodities............ 4.866 106.1 106.1 2.2 0.0 0.0 0.2 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 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods July 2006-July 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June NAICS Description 2006 2007 2007 2007 2007 June June July to to to to to 2007 2007 2007 July April May June July 1/ 2007 2007 2007 2007 2007 Nonmanufactured Articles...................................... 6.132 115.8 117.8 12.1 -1.7 -0.9 1.5 1.7 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 4.511 123.5 128.4 20.1 -2.7 -1.2 2.8 4.0 111 Agricultural products............................. 4.101 125.4 130.6 22.3 -3.9 -0.4 3.4 4.1 21 OIL, GAS, MINERALS AND ORES........................... 1.621 98.6 94.3 -6.6 1.1 -0.3 -2.0 -4.4 211 Oil and gas....................................... 0.548 95.9 85.9 6.6 6.7 -1.7 -6.3 -10.4 212 Minerals and ores................................. 1.073 100.2 98.9 -10.4 -1.8 0.5 0.4 -1.3 Manufactured Articles......................................... 90.706 105.6 105.9 2.9 0.6 0.5 0.4 0.3 31 MANUFACTURED GOODS, PART 1............................ 6.785 110.0 110.5 10.1 0.2 0.6 1.3 0.5 311 Food and kindred products......................... 4.214 117.0 118.1 16.5 0.4 1.0 2.0 0.9 312 Beverages and tobacco products.................... 0.487 102.4 102.1 0.9 -0.2 0.2 0.1 -0.3 313 Textiles and fabrics.............................. 0.963 98.4 98.4 1.9 0.2 0.0 0.0 0.0 315 Apparel and accessories........................... 0.556 100.6 100.6 0.6 0.0 0.0 0.2 0.0 32 MANUFACTURED GOODS, PART 2............................ 22.713 109.6 110.5 3.8 1.4 0.8 0.6 0.8 321 Wood products..................................... 0.565 110.7 111.3 7.7 0.2 0.1 1.2 0.5 322 Paper............................................. 2.103 109.4 110.2 3.5 0.5 0.4 0.2 0.7 324 Petroleum and coal products....................... 2.600 125.0 128.3 2.4 7.1 0.1 2.7 2.6 325 Chemicals......................................... 14.191 108.4 109.0 4.3 0.9 1.3 0.5 0.6 326 Plastics and rubber products...................... 2.295 103.8 104.2 1.4 0.0 -0.5 0.4 0.4 327 Nonmetallic mineral products...................... 0.852 106.6 107.5 5.1 0.7 0.8 -0.4 0.8 33 MANUFACTURED GOODS, PART 3............................ 61.208 103.6 103.7 1.8 0.2 0.4 0.1 0.1 331 Primary metals.................................... 4.311 127.6 125.7 7.4 1.1 2.9 0.5 -1.5 332 Fabricated metal products, nesoi.................. 2.821 112.8 113.0 6.0 1.0 2.0 0.1 0.2 333 Machinery, except electrical...................... 12.135 105.1 105.7 3.5 0.3 0.3 0.2 0.6 334 Computer and electronic products.................. 17.078 96.3 96.2 -2.1 -0.2 0.0 -0.1 -0.1 335 Electrical equipment, appliances, and components.. 3.588 104.2 104.6 3.2 0.4 0.0 0.3 0.4 336 Transportation equipment.......................... 16.486 104.2 104.3 2.5 0.2 0.1 0.3 0.1 339 Miscellaneous manufactured commodities............ 4.447 103.9 104.3 2.3 0.5 0.0 0.3 0.4 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 July 2006-July 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance July March April May June nized Description 2006 2007 2007 2007 2007 System June June July to to to to to 2007 2007 2007 July April May June July 1/ 2007 2007 2007 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.182 126.6 127.7 6.3 0.7 2.5 0.1 0.9 02 Meat and edible meat offal.......................... 0.310 146.7 147.1 6.1 0.8 1.6 0.7 0.3 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.582 99.0 100.9 3.1 -0.4 0.4 -1.8 1.9 II VEGETABLE PRODUCTS........................................ 1.154 129.7 134.1 22.6 5.3 -1.1 0.2 3.4 07 Edible vegetables, roots, and tubers................ 0.300 177.2 206.4 50.4 14.6 -7.7 -6.4 16.5 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.344 90.9 87.5 10.1 3.6 4.1 2.5 -3.7 09 Coffee, tea, mate and spices........................ 0.243 142.1 142.6 22.0 0.2 -0.1 5.1 0.4 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.047 124.3 125.2 4.7 0.2 0.6 0.6 0.7 20 Preparations of vegetables, fruit, nuts, or other parts of plants............... 0.266 123.2 122.4 4.2 0.1 0.3 0.8 -0.6 22 Beverages, spirits, and vinegar..................... 0.779 111.9 110.4 -0.3 0.2 0.4 0.3 -1.3 V MINERAL PRODUCTS.......................................... 21.372 233.2 246.7 4.2 5.7 2.4 4.0 5.8 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 20.986 232.8 246.5 4.2 5.8 2.5 4.0 5.9 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 7.133 123.2 124.7 8.3 0.7 0.8 0.0 1.2 28 Inorganic chemicals................................. 0.982 221.3 237.1 53.5 4.8 3.9 2.2 7.1 29 Organic chemicals................................... 2.501 119.1 118.1 -1.3 -0.5 -0.1 -2.2 -0.8 30 Pharmaceutical products............................. 1.971 107.6 108.0 1.7 0.0 0.1 0.3 0.4 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty............ 0.175 101.6 101.3 2.6 -0.1 -0.3 0.1 -0.3 33 Essential oils and resinoids (Dec. 2001=100)........ 0.411 113.8 114.1 5.8 0.3 1.3 0.1 0.3 38 Miscellaneous chemical products..................... 0.421 96.5 97.0 4.2 -0.1 2.0 0.3 0.5 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 2.910 122.0 122.4 0.2 0.2 0.4 0.2 0.3 39 Plastics and articles thereof....................... 1.880 118.8 119.4 0.7 0.1 0.5 0.3 0.5 40 Rubber and articles thereof......................... 1.030 128.3 128.2 -0.6 0.2 0.5 0.2 -0.1 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.592 107.0 107.9 2.3 0.5 0.2 0.3 0.8 42 Articles of leather; travel goods, bags, etc. of various materials.................... 0.514 107.1 108.0 2.3 0.5 0.2 0.3 0.8 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 1.283 113.5 116.9 -2.6 0.4 -0.4 2.4 3.0 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 1.532 108.0 108.3 -0.4 -0.6 0.1 0.2 0.3 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.044 103.9 104.0 -2.6 -1.0 -0.1 0.0 0.1 49 Printed matter...................................... 0.274 115.6 116.3 1.8 0.1 0.2 0.3 0.6 XI TEXTILE AND TEXTILE ARTICLES.............................. 5.381 102.2 102.2 1.2 0.2 0.2 0.2 0.0 61 Articles of apparel and clothing accessories, knitted or crocheted............ 1.918 100.5 100.6 0.6 0.2 0.1 0.0 0.1 62 Articles of apparel and clothing accessories, not knitted or crocheted........ 2.175 101.2 101.2 1.5 0.2 0.3 0.1 0.0 63 Made-up or worn textile articles.................... 0.522 93.9 94.1 -0.4 -0.5 0.0 0.0 0.2 XII HEADGEAR, UMBRELLAS, ARTIFICIAL FLOWERS, ETC............................. 1.229 101.7 102.5 1.9 0.2 0.0 0.0 0.8 64 Footwear and parts of such articles................ 1.038 101.6 102.4 1.3 0.1 0.0 0.1 0.8 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.959 110.5 111.8 2.6 0.2 0.6 0.1 1.2 68 Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100)............ 0.333 102.7 103.9 0.4 -0.2 0.0 0.0 1.2 69 Ceramic products.................................... 0.303 116.6 119.5 5.8 0.1 1.7 0.0 2.5 70 Glass and glassware................................. 0.323 111.3 111.3 1.8 0.6 0.4 0.2 0.0 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 2.829 132.6 132.2 7.9 -0.7 1.1 -0.6 -0.3 XV BASE METALS AND ARTICLES OF BASE METAL.................... 6.720 173.6 173.8 10.8 3.0 3.3 -0.5 0.1 72 Iron and steel...................................... 1.588 206.8 210.1 18.2 2.7 0.5 3.4 1.6 73 Articles of iron or steel........................... 1.451 128.5 129.5 2.8 0.3 0.5 0.3 0.8 74 Copper and articles thereof......................... 0.928 307.5 301.9 4.8 11.4 15.3 0.5 -1.8 76 Aluminum and articles thereof....................... 1.111 146.2 143.2 0.4 -0.1 1.4 -1.1 -2.1 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.352 107.9 107.8 0.9 0.1 0.1 -0.2 -0.1 83 Miscellaneous articles of base metal................ 0.474 124.8 125.1 4.9 -1.0 0.3 0.1 0.2 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC................. 24.119 87.8 87.9 -0.3 -0.2 0.0 0.2 0.1 84 Machinery and mechanical appliances; parts thereof.. 12.474 88.3 88.6 0.2 0.0 0.0 0.2 0.3 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts........ 11.645 87.2 87.1 -1.0 -0.3 0.0 0.0 -0.1 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 12.573 105.9 106.1 1.0 0.1 0.1 0.2 0.2 87 Motor vehicles and their parts...................... 11.606 105.1 105.2 0.8 0.0 0.2 0.2 0.1 88 Aircraft, spacecraft, and parts thereof (Dec. 2002=100)...................... 0.856 109.0 109.1 2.3 0.6 0.2 0.1 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 2.965 99.5 99.2 -0.2 0.2 -0.1 0.3 -0.3 90 Optical, photographic, measuring and medical instruments.......................... 2.633 97.8 97.4 -0.6 0.3 -0.1 0.3 -0.4 91 Clocks and watches and parts thereof................ 0.243 116.1 116.3 4.0 -0.2 0.1 0.2 0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 3.792 101.0 101.3 1.7 0.1 0.0 0.0 0.3 94 Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldg........ 2.156 104.5 104.7 1.2 0.2 -0.1 0.0 0.2 95 Toys, games and sports equipment; parts and accessories thereof...................... 1.428 96.2 96.3 1.9 0.2 0.0 0.1 0.1 96 Miscellaneous manufactured articles................. 0.208 106.5 106.7 4.8 0.3 -0.2 0.1 0.2 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 July 2006-July 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance July March April May June nized Description 2006 2007 2007 2007 2007 System June June July to to to to to 2007 2007 2007 July April May June July 1/ 2007 2007 2007 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.594 153.1 155.8 19.4 1.6 0.4 1.9 1.8 02 Meat & edible meat offal (Dec. 2006=100)............ 0.847 124.8 128.1 n.a. 1.2 3.7 4.6 2.6 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.417 124.0 126.1 1.9 6.0 -4.2 -1.6 1.7 II VEGETABLE PRODUCTS........................................ 4.161 159.4 163.7 22.5 -3.0 -0.6 3.0 2.7 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.659 117.7 115.9 -5.7 11.8 -3.7 -2.8 -1.5 10 Cereals............................................. 1.860 179.2 174.8 24.8 -10.0 5.4 2.8 -2.5 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder............. 1.126 157.4 167.3 34.5 1.2 -3.2 9.5 6.3 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.292 120.5 120.3 6.6 0.1 -0.1 0.0 -0.2 21 Miscellaneous edible preparations................... 0.420 111.1 112.3 3.5 -0.1 0.0 -0.5 1.1 23 Residues and waste from the food industries; prepared animal feed............. 0.485 143.1 144.2 15.0 -0.4 -0.6 0.8 0.8 V MINERAL PRODUCTS.......................................... 4.426 243.3 243.5 3.2 4.5 0.4 0.7 0.1 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 3.690 230.3 230.7 4.0 6.2 -0.6 0.8 0.2 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 11.733 128.9 129.6 4.6 0.6 1.3 0.5 0.5 28 Inorganic chemicals................................. 1.130 153.9 158.9 1.7 -0.6 -0.1 1.6 3.2 29 Organic chemicals................................... 3.831 147.6 146.9 5.1 1.2 3.5 0.4 -0.5 30 Pharmaceutical products............................. 2.495 114.0 114.7 4.8 0.1 0.8 0.4 0.6 32 Tanning or dyeing extracts, dyes, paints, varnish, putty, & inks............... 0.594 114.3 115.2 5.3 -0.1 -0.3 0.9 0.8 33 Essential oils and resinoids; perfumery, cosmetic or toilet................ 0.679 117.0 117.7 2.7 -0.1 0.8 0.1 0.6 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes........... 0.407 111.6 112.1 2.3 -0.3 0.9 0.6 0.4 38 Miscellaneous chemical products..................... 1.672 119.8 121.0 8.2 0.3 -0.1 0.3 1.0 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 5.452 131.2 131.4 1.5 0.6 0.8 0.3 0.2 39 Plastics and articles thereof....................... 4.369 127.1 127.4 1.0 0.6 1.0 0.2 0.2 40 Rubber and articles thereof......................... 1.083 148.2 148.4 3.8 1.0 0.1 0.1 0.1 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.481 124.0 120.9 3.6 -0.3 -0.3 -0.4 -2.5 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 0.732 113.5 112.8 4.6 0.2 -0.1 0.5 -0.6 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 2.686 110.7 112.2 5.5 0.1 0.1 0.6 1.4 47 Woodpulp and recovered paper........................ 0.662 112.7 117.1 18.6 -2.4 -1.5 2.2 3.9 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.441 108.2 108.6 2.2 0.7 0.3 -0.3 0.4 49 Printed material.................................... 0.583 118.3 119.3 0.8 1.8 1.2 1.4 0.8 XI TEXTILE AND TEXTILE ARTICLES.............................. 2.417 102.0 104.2 2.8 -0.3 -1.4 1.1 2.2 52 Cotton, including yarns and woven fabrics thereof... 0.647 92.7 99.8 8.2 -0.8 -3.7 2.8 7.7 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.811 110.0 109.7 5.5 0.9 0.6 0.8 -0.3 70 Glass and glassware................................. 0.436 98.5 99.1 4.1 1.0 0.8 0.8 0.6 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 3.558 162.9 162.4 20.3 -0.2 -5.0 -0.1 -0.3 XV BASE METALS AND ARTICLES OF BASE METALS................... 6.145 169.7 166.2 7.3 1.5 2.2 0.5 -2.1 72 Iron and steel...................................... 1.619 209.5 198.5 12.6 4.1 3.1 1.8 -5.3 73 Articles of iron or steel........................... 1.469 149.8 150.1 9.1 0.0 3.7 0.0 0.2 74 Copper and articles thereof......................... 0.685 243.9 244.8 1.5 3.1 1.0 0.6 0.4 76 Aluminum and articles thereof....................... 1.051 149.5 146.6 4.9 0.1 1.4 -0.8 -1.9 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.405 114.6 116.0 4.2 0.5 0.0 0.0 1.2 83 Miscellaneous articles of base metal................ 0.405 127.6 127.9 1.9 0.5 0.2 0.2 0.2 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC............... 31.763 94.3 94.4 0.6 0.2 0.1 0.0 0.1 84 Machinery and mechanical appliances; parts thereof.. 18.202 102.7 102.8 1.0 0.0 0.2 0.1 0.1 85 Electrical machinery and equipment and parts and accessories thereof............ 13.561 85.1 85.2 0.2 0.4 0.0 -0.1 0.1 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 13.747 113.8 114.0 2.1 0.0 0.2 0.3 0.2 87 Motor vehicles and their parts...................... 8.844 105.7 105.8 1.0 0.1 0.1 0.1 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 6.169 103.4 103.6 1.4 -0.1 0.1 0.0 0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 1.445 104.6 104.8 3.4 1.6 0.0 0.0 0.2 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi;........... 0.794 113.0 113.5 5.6 0.2 0.0 -0.1 0.4 95 Toys, games and sports equipment; parts and accessories thereof...................... 0.486 89.6 89.6 -5.0 3.2 0.0 0.0 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 July 2006-July 2007 2000=100, unless otherwise noted Index Percent Change Annual Monthly Percentage July March April May June Description of 2006 2007 2007 2007 2007 U.S. June July to to to to to Imports 2007 2007 July April May June July 1/ 2007 2007 2007 2007 2007 2/ Industrialized Countries............................ 44.813 120.2 120.7 3.1 0.0 0.9 1.0 0.4 Nonmanufactured Articles....................... 4.582 202.4 204.7 5.5 1.7 2.8 4.3 1.1 Manufactured Articles.......................... 39.766 113.8 114.2 2.7 -0.3 0.8 0.6 0.4 3/ Other Countries..................................... 55.204 117.6 120.3 2.6 1.6 1.3 1.0 2.3 Nonmanufactured Articles....................... 11.023 217.5 234.4 4.3 6.7 2.6 3.3 7.8 Manufactured Articles.......................... 43.982 103.6 104.2 2.3 0.3 0.9 0.4 0.6 Canada.............................................. 17.052 135.6 136.0 3.7 1.5 1.1 1.5 0.3 Nonmanufactured Articles....................... 3.871 200.6 201.0 3.9 0.8 2.6 3.3 0.2 Manufactured Articles.......................... 12.851 123.7 124.1 3.7 1.8 0.7 1.0 0.3 4/ European Union...................................... 17.908 122.3 121.8 1.1 -0.1 0.7 0.2 -0.4 Nonmanufactured Articles....................... 0.389 224.2 239.8 2.9 4.5 4.2 0.3 7.0 Manufactured Articles.......................... 17.406 120.1 119.4 1.1 -0.2 0.5 0.2 -0.6 France (Dec. 2003=100).............................. 1.888 107.4 109.2 5.2 0.0 1.4 -1.5 1.7 Germany (Dec. 2003=100)............................. 5.008 107.7 108.1 3.4 0.5 0.4 0.3 0.4 United Kingdom (Dec. 2003=100)...................... 2.845 119.5 121.3 1.5 0.9 0.9 -0.1 1.5 5/ Latin America....................................... 17.619 145.4 150.7 3.5 2.2 2.1 0.9 3.6 Nonmanufactured Articles....................... 4.822 221.4 242.1 6.4 6.4 1.8 2.5 9.3 Manufactured Articles.......................... 12.721 131.2 132.8 2.2 0.5 2.3 0.2 1.2 Mexico (Dec. 2003=100).............................. 10.163 125.6 127.7 4.7 2.2 0.7 1.5 1.7 6/ Pacific Rim (Dec. 2003=100)......................... 33.452 98.6 99.0 0.2 0.0 0.1 0.3 0.4 China (Dec. 2003=100)............................... 14.941 98.0 98.4 0.9 0.0 0.3 0.3 0.4 Japan............................................... 8.308 94.0 93.8 -0.7 0.0 0.0 0.1 -0.2 7/ Asian NICs.......................................... 6.124 88.5 88.8 -1.0 -0.5 -0.1 0.3 0.3 8/ ASEAN (Dec. 2003=100)............................... 5.993 96.1 97.1 -2.8 -1.0 0.2 0.2 1.0 9/ Asia Near East (Dec. 2003=100)...................... 3.765 188.7 198.4 2.4 2.8 3.5 2.4 5.1 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 July 2006-July 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June Description 2006 2007 2007 2007 2007 June June July to to to to to 2007 2007 2007 July April May June July 1/ 2007 2007 2007 2007 2007 AIR FREIGHT Import Air Freight................................ 100.000 132.3 132.3 -0.8 0.3 1.1 -0.2 0.0 Europe (Dec. 2003=100)....................... 28.202 132.1 132.0 1.5 -1.0 3.1 0.0 -0.1 Asia......................................... 60.878 114.6 114.6 -2.5 0.9 0.2 -0.3 0.0 Export Air Freight................................ 100.000 117.0 117.7 1.8 0.3 0.2 -0.4 0.6 Europe (Dec. 2006=100)....................... 38.994 100.4 101.0 n.a. -0.5 0.2 -0.5 0.6 Inbound Air Freight............................... 100.000 127.3 127.3 -0.6 0.2 0.6 -0.2 0.0 Europe (Dec. 2003=100)....................... 30.144 127.4 127.1 2.0 -0.7 2.3 -0.1 -0.2 Asia......................................... 57.030 108.9 108.8 -2.4 0.7 -0.5 -0.4 -0.1 Outbound Air Freight.............................. 100.000 114.3 114.8 -1.5 0.8 1.0 0.0 0.4 Europe (Dec. 2003=100)....................... 42.043 129.5 130.3 -1.4 0.9 0.9 0.4 0.6 Asia......................................... 40.506 104.2 104.5 -4.5 0.6 1.1 -0.4 0.3 AIR PASSENGER FARES Import Air Passenger Fares........................ 100.000 144.6 149.4 7.2 3.5 0.2 13.4 3.3 Europe....................................... 46.500 153.9 154.3 15.5 8.8 1.2 17.9 0.3 Asia......................................... 25.518 135.5 143.3 3.9 1.9 0.6 16.7 5.8 Latin America/Caribbean...................... 11.109 116.0 122.5 -0.1 -7.8 1.2 0.4 5.6 Export Air Passenger Fares........................ 100.000 147.3 154.7 5.6 2.6 3.9 -1.5 5.0 Europe....................................... 31.341 180.1 196.8 6.3 8.3 1.3 -0.4 9.3 Asia......................................... 31.040 116.7 119.5 2.8 -0.1 11.2 -4.3 2.4 Latin America/Caribbean...................... 20.545 163.9 169.7 7.2 -0.6 -1.8 -0.1 3.5 Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000 127.2 136.9 6.5 3.4 3.9 -0.9 7.6 Europe (Dec. 2003=100)....................... 39.534 130.9 146.8 7.4 9.5 1.2 0.2 12.1 Asia (Dec. 2003=100)......................... 29.071 112.6 116.0 2.5 -1.1 11.0 -3.9 3.0 Latin America/Caribbean (Dec. 2003=100)...... 13.005 124.4 130.5 5.6 -2.1 -1.8 0.2 4.9 Canada (Dec. 2003=100)....................... 8.087 172.1 175.3 7.7 0.0 4.1 3.6 1.9 Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000 136.9 140.3 7.1 3.5 0.6 10.1 2.5 Europe (Dec. 2003=100)....................... 42.784 157.3 158.2 13.3 8.6 1.1 16.7 0.6 Asia (Dec. 2003=100)......................... 22.898 125.4 131.3 5.2 2.3 2.9 11.2 4.7 Latin America/Caribbean (Dec. 2003=100)...... 19.897 111.6 113.6 0.8 -2.5 0.0 -0.2 1.8 Canada (Dec. 2003=100)....................... 5.946 167.4 168.4 6.4 -1.8 -1.2 2.6 0.6 CRUDE OIL TANKER FREIGHT 2/ Inbound Crude Oil Tanker Freight.................. 100.000 n.a. n.a. n.a. -1.0 4.2 n.a. n.a. OCEAN LINER FREIGHT Inbound Ocean Liner Freight....................... 100.000 112.5 112.5 -0.2 0.2 0.3 -0.5 0.0 U.S. East Coast.............................. 56.501 117.3 117.0 -1.0 0.1 0.6 0.1 -0.3 From Atlantic.......................... 24.501 115.0 114.9 -4.5 0.7 0.0 0.0 -0.1 From Pacific........................... 23.364 122.7 122.2 1.9 -0.5 1.4 0.1 -0.4 U.S. West Coast.............................. 43.499 109.9 110.3 0.5 0.1 0.0 -1.3 0.4 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 June 2006-June 2007 December 2006=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance June Feb. March April May Description 2006 2007 2007 2007 2007 May May June to to to to to 2007 2007 2007 June March April May June 1/ 2007 2007 2007 2007 2007 Export Travel and Tourism............. 100.000 105.3 105.1 n.a. 2.2 0.2 0.0 -0.2 From Europe...................... 39.735 106.1 105.5 n.a. 2.1 0.6 -0.3 -0.6 From Asia........................ 31.844 104.0 104.6 n.a. 2.9 0.0 0.7 0.6 From Latin America/Caribbean..... 15.340 105.1 104.9 n.a. 1.5 -0.5 -0.5 -0.2 From Canada...................... 8.724 105.8 104.9 n.a. 1.6 0.7 -1.8 -0.9 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.