Technical Information: Jim Thomas (202) 606-7155 USDL-98-340 David Mead (202) 606-7154 Transmission of This Media contact: Material is Embargoed Kathryn Hoyle (202) 606-5902 Until: 10:00 A.M. E.D.T. Internet Address: http://stats.bls.gov/ipphome.htm Thursday, August 13, 1998 U.S. IMPORT AND EXPORT PRICE INDEXES -JULY 1998- The U.S. Import Price Index declined 0.9 percent in July, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decrease, the ninth in a row, was attributable to declines for both petroleum and nonpetroleum import prices. The U.S. Export Price Index dipped 0.1 percent in July, after falling 0.6 percent 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 1997 July -0.2 -1.3 -0.2 0.0 -1.1 0.0 August -0.1 2.3 -0.3 0.0 0.1 0.0 September -0.1 0.2 0.0 -0.3 -0.1 -0.3 October 0.2 5.6 -0.3 -0.4 -1.8 -0.2 November -0.4 -3.5 -0.2 0.0 0.7 -0.1 December -1.0 -6.8 -0.4 -0.4 -0.8 -0.4 1998 January -1.3 -10.0 -0.6 -0.7 -2.7 -0.4 February -0.9 -6.5 -0.4 -0.3 -1.5 -0.2 March -0.8 -9.0 -0.3 -0.3 -0.5 -0.3 April -0.3 0.4 r -0.3 -0.4 -1.6 -0.2 May -0.1 0.6 r -0.2 0.1 1.0 0.0 r June -0.5 -3.1 r -0.3 -0.6 0.0 r -0.6 r July -0.9 -6.8 -0.5 -0.1 0.2 -0.2 July 1996-97 -2.0 -8.9 -1.6 -1.6 -13.6 0.1 July 1997-98 -6.2 -31.9 -3.9 -3.4 -6.9 -2.9 r = revised to reflect late reports and corrections by respondents. Import Goods The decline in July was the largest decrease for import prices since a similar dip in February. Import prices dropped 6.2 percent for the year ended in July, continuing a three-year downward trend. Prices for petroleum imports fell 6.8 percent in July after decreasing 3.1 percent in June. Over the past 12 months, the index for petroleum prices fell 31.9 percent after falling 8.9 percent in the July 1996–97 period. In addition, the price index of nonpetroleum imports decreased 0.5 percent in July, the largest drop in this index since January. Over the year, the index was down 3.9 percent, which was more than twice as large as the drop over the July 1996-97 period. For the second consecutive month, the decrease in nonpetroleum import prices was led by falls in the price indexes of nonpetroleum industrial supplies and materials and of capital goods, down 1.1 percent and 0.7 percent in July, respectively. Prices for nonpetroleum industrial supplies and materials fell 5.7 percent over the past 12 months. Imported capital goods prices have declined consistently over the past three years, dropping 7.2 percent for the year ended in July. The price index of imported consumer goods edged down for the second consecutive month, dipping 0.1 percent in July. Over the past 12 months, the index decreased 1.5 percent. In contrast, the price indexes for imported foods, feeds, and beverages and for automotive vehicles both posted no change in July. For the year ended in July, imported foods, feeds, and beverages prices fell 2.3 percent, while automotive vehicle prices edged up a modest 0.1 percent. Export Goods The price index for exports edged down 0.1 percent in July, as a decline in nonagricultural prices more than offset increasing prices for agricultural exports. The decrease in export prices followed a 0.6 percent decline in June and continued a two-year trend of declining prices. Export prices fell 3.4 percent in the year ended in July after a 1.6 percent drop over the previous July 1996-97 period. The index of nonagricultural exports fell 0.2 percent in July, the 13th consecutive month that this index has posted either a decline or no change. For the year ended in July, nonagricultural export prices were down 2.9 percent. In contrast, prices for agricultural exports rose 0.2 percent in July, but were still down 6.9 percent over the past 12 months. The decline in the price index of nonagricultural exports was led by a 1.1 percent decrease in the price index of nonagricultural industrial supplies and materials. Price declines for exported petroleum products, chemicals, and metals contributed to the overall decrease in the index of nonagricultural industrial supplies and materials prices. For the year ended in July, the index fell 7.0 percent. Exported capital goods prices were unchanged in July after falling 0.7 percent in June. The price index of exported capital goods, the largest component of U.S. exports, has not posted a monthly increase since August 1997 and was down 2.4 percent over the July 1997-98 period. Exported automotive vehicle and consumer goods prices posted little change in July, up 0.1 percent and down 0.1 percent, respectively. Over the past 12 months, automotive vehicle prices rose 0.1 percent and consumer goods prices fell 0.3 percent. Imports by Locality of Origin The price index of imports from the Asian Newly Industrialized Countries continued to decline in July, decreasing 1.2 percent for the second consecutive month. The decline in July was the eighth time in the last nine months that this index posted a monthly decline of at least 0.8 percent. For the year ended in July, the index was down 9.3 percent, compared with a decline of 3.7 percent in the prior year. (See table 7.) Price decreases for imports from Japan also persisted in July. The index fell 0.6 percent after posting a similar decline of 0.7 percent in June. Over the past 12 months, the index was down 5.4 percent. The import price indexes for both Canada and the European Union posted declines in July, down 0.3 percent and 0.2 percent, respectively. The index for imports from Canada fell 3.0 percent over the past 12 months, while imports from the European Union were down 0.8 percent over the same period. The price index for imports from Latin America also declined in July, down 0.9 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 August are scheduled for release on September 15 at 10:00 a.m. (EDT). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, July 1997-July 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June END Description 1997 1998 1998 1998 1998 USE June June July to to to to to 1998 1998 1998 July April May June July 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 92.7 91.9 -6.2 -0.3 -0.1 -0.5 -0.9 ALL IMPORTS EXCLUDING PETROLEUM.............. 93.657 93.8 93.3 -3.9 -0.3 -0.2 -0.3 -0.5 0 FOODS, FEEDS, & BEVERAGES................... 4.906 97.1 97.1 -2.3 0.8 -1.0 0.7 0.0 00 Agricultural foods, feeds & beverages, excluding distilled beverages.......... 3.416 92.8 93.6 -4.0 1.0 -1.7 0.1 0.9 01 Nonagricultural foods (fish, distilled beverages)............................. 1.490 108.3 106.5 2.2 0.6 0.3 2.4 -1.7 1 INDUSTRIAL SUPPLIES & MATERIALS............. 25.058 88.6 86.4 -13.7 -0.2 0.2 -1.4 -2.5 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM................. 18.716 93.5 92.5 -5.7 -0.3 0.1 -1.0 -1.1 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE............................. 9.844 94.1 93.3 -6.6 -0.2 0.1 -1.7 -0.9 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM...... 8.873 92.7 91.6 -4.7 -0.5 0.0 -0.1 -1.2 10 Fuels & lubricants......................... 7.530 79.5 74.7 -28.6 0.2 0.7 -2.8 -6.0 100 Petroleum & petroleum products............ 6.343 75.3 70.2 -31.9 0.4 0.6 -3.1 -6.8 1000 Crude................................... 4.787 71.6 66.9 -35.0 1.4 -0.9 -3.6 -6.6 11 Paper & paper base stocks.................. 1.869 81.5 81.5 -0.7 -0.2 -0.6 0.7 0.0 12 Materials associated with nondurable supplies & materials................... 6.029 91.2 89.9 -5.9 -0.5 0.0 -0.1 -1.4 13 Selected building materials................ 2.053 99.7 102.9 -8.8 -0.3 -1.7 -2.7 3.2 14 Unfinished metals associated with durable goods.......................... 4.610 93.0 90.5 -7.1 0.1 1.5 -2.6 -2.7 15 Finished metals associated with durable goods.................................. 1.471 93.1 92.9 -3.8 -0.6 -0.9 0.1 -0.2 16 Nonmetals associated with durable goods.... 1.497 91.5 90.2 -5.6 -0.8 -0.3 0.2 -1.4 2 CAPITAL GOODS............................... 28.358 85.7 85.1 -7.2 -0.6 -0.3 -0.6 -0.7 20 Electric & electrical generating equipment.............................. 3.442 94.6 94.0 -3.0 -0.5 -0.4 0.0 -0.6 21 Nonelectrical machinery.................... 23.128 82.9 82.2 -8.4 -0.6 -0.4 -0.6 -0.8 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES........ 18.702 101.0 101.0 0.1 -0.1 -0.2 -0.1 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES............................ 22.975 98.2 98.1 -1.5 -0.3 0.1 -0.2 -0.1 40 Nondurables, manufactured.................. 11.462 100.9 100.8 -0.1 -0.2 0.0 0.2 -0.1 41 Durables, manufactured..................... 10.382 95.4 95.1 -3.1 -0.4 -0.1 -0.4 -0.3 42 Nonmanufactured consumer goods............. 1.131 98.7 98.7 -1.1 -0.6 1.8 -0.6 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for April, May and June 1998 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, July 1997-July 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June END Description 1997 1998 1998 1998 1998 USE June June July to to to to to 1998 1998 1998 July April May June July 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 96.0 95.9 -3.4 -0.4 0.1 -0.6 -0.1 AGRICULTURAL COMMODITIES..................... 10.074 93.1 93.3 -6.9 -1.6 1.0 0.0 0.2 NONAGRICULTURAL COMMODITIES.................. 89.926 96.4 96.2 -2.9 -0.2 0.0 -0.6 -0.2 0 FOODS, FEEDS, & BEVERAGES................... 8.983 93.2 94.3 -6.8 -1.6 1.0 -0.6 1.2 00 Agricultural foods, feeds & beverages, excluding distilled beverages.......... 8.294 94.1 94.7 -7.5 -1.7 1.1 -0.6 0.6 01 Nonagricultural foods (fish, distilled beverages)............................. 0.689 84.7 91.6 2.9 -0.6 -0.1 -1.1 8.1 1 INDUSTRIAL SUPPLIES & MATERIALS............. 24.830 90.4 89.4 -6.7 -0.4 -0.1 -0.6 -1.1 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE............................. 9.647 91.2 90.5 -6.5 -0.1 0.1 -1.0 -0.8 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE.......................... 15.182 90.0 88.7 -6.7 -0.6 -0.2 -0.2 -1.4 10 Agricultural industrial supplies & materials.............................. 1.780 90.4 89.0 -3.5 -1.4 0.6 3.3 -1.5 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS.............................. 23.050 90.4 89.4 -7.0 -0.2 -0.2 -0.9 -1.1 11 Fuels & lubricants......................... 2.288 100.8 95.9 -12.9 -1.1 0.1 -1.5 -4.9 12 Nonagricultural supplies & materials excluding fuels & building materials... 19.294 88.7 88.0 -6.0 -0.2 -0.1 -0.8 -0.8 13 Selected building materials................ 1.468 86.1 86.2 -9.0 -0.6 -1.0 -0.6 0.1 2 CAPITAL GOODS............................... 44.163 97.6 97.6 -2.4 -0.2 0.0 -0.7 0.0 20 Electric & electrical generating Equipment.............................. 4.485 100.6 100.6 -0.6 -0.5 0.0 -0.2 0.0 21 Nonelectrical machinery.................... 34.108 94.3 94.4 -3.2 -0.3 0.0 -0.9 0.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES........ 9.933 102.3 102.4 0.1 0.1 0.0 0.0 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES............................ 12.091 102.0 101.9 -0.3 -0.3 0.2 -0.4 -0.1 40 Nondurables, manufactured.................. 6.396 102.1 102.0 0.3 -0.2 0.1 -0.1 -0.1 41 Durables, manufactured..................... 5.121 100.9 100.6 -1.4 -0.2 0.3 -0.5 -0.3 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for April, May and June 1998 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, July 1997-July 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June SITC Description 1997 1998 1998 1998 1998 Rev. 3 June June July to to to to to 1998 1998 1998 July April May June July 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 92.7 91.9 -6.2 -0.3 -0.1 -0.5 -0.9 0 FOOD AND LIVE ANIMALS....................... 4.190 98.0 98.8 -1.7 1.5 -1.9 0.5 0.8 01 Meat and meat preparations................. 0.355 98.3 97.7 -4.1 0.5 -0.4 -3.0 -0.6 03 Fish, crustaceans, aquatic invertebrates and preparations thereof................ 1.135 109.4 106.6 2.1 0.3 -0.2 2.1 -2.6 05 Vegetables, fruit and nuts, fresh or dried.......................... 1.146 103.6 116.6 15.2 5.3 -1.8 4.6 12.5 07 Coffee, tea, cocoa, spices and manufactures thereof.................... 0.604 82.1 73.6 -26.1 -1.2 -7.3 -4.6 -10.4 3/ Other food and live animals (9612=100)....... 0.949 95.9 94.3 -5.7 1.3 -0.8 -1.2 -1.7 1 BEVERAGES AND TOBACCO....................... 0.903 109.6 109.8 1.9 0.0 0.1 0.3 0.2 11 Beverages.................................. 0.761 106.3 106.5 2.2 0.0 0.1 0.4 0.2 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS..... 2.847 87.5 87.4 -10.2 -1.4 -0.6 -2.0 -0.1 23 Crude rubber (including synthetic and reclaimed).............................. 0.206 58.8 54.6 -29.7 -4.1 -5.9 1.9 -7.1 24 Cork and wood.............................. 0.972 101.2 105.6 -14.4 -0.5 -3.2 -5.1 4.3 25 Pulp and waste paper....................... 0.381 65.3 63.9 -3.9 -0.8 -1.3 3.8 -2.1 28 Metalliferous ores and metal scrap......... 0.634 98.5 96.7 -7.6 0.3 0.1 -2.3 -1.8 29 Crude animal and vegetable materials, n.e.s. (9612=100)....................... 0.307 113.1 113.4 11.1 -7.3 13.7 -2.5 0.3 3/ Other crude materials, inedible, except fuels (9612=100).......................... 0.347 91.7 87.7 -10.1 -1.6 -1.0 -0.3 -4.4 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS................................ 7.210 78.7 73.8 -29.3 0.2 0.6 -2.8 -6.2 33 Petroleum, petroleum products and related materials....................... 5.987 74.6 69.5 -32.5 0.5 0.7 -3.1 -6.8 34 Gas, natural and manufactured.............. 1.093 112.4 108.1 -9.8 -1.4 1.1 -1.7 -3.8 5 CHEMICALS AND RELATED PRODUCTS, N.E.S....... 5.716 93.7 92.9 -3.4 -0.5 0.6 0.1 -0.9 51 Organic chemicals.......................... 1.607 92.2 92.0 -4.4 -1.2 1.1 0.2 -0.2 52 Inorganic chemicals........................ 0.702 97.8 95.9 -2.0 0.7 1.8 0.6 -1.9 53 Dyeing, tanning and coloring materials..... 0.298 95.3 95.0 -2.8 -0.2 0.1 0.5 -0.3 54 Medicinal and pharmaceutical products...... 0.946 95.3 94.8 -1.6 -0.3 -0.1 -0.1 -0.5 55 Essential oils; polishing and cleansing preps................................... 0.328 94.8 94.3 -2.7 -0.3 0.5 0.2 -0.5 57 Plastics in primary forms.................. 0.394 94.0 93.1 1.5 -0.3 0.0 -0.1 -1.0 58 Plastics in nonprimary forms............... 0.533 79.9 78.5 -11.5 -1.6 -0.2 -0.1 -1.8 59 Chemical materials and products, n.e.s..... 0.676 101.3 100.2 -2.9 -0.4 0.5 -0.5 -1.1 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL.............................. 12.896 94.1 93.4 -3.3 -0.1 0.1 -0.6 -0.7 62 Rubber manufactures, n.e.s................. 0.751 95.0 94.7 -2.1 0.0 0.0 0.3 -0.3 63 Cork and wood manufactures other than furniture............................... 0.551 92.8 95.2 -4.0 -0.6 -0.3 0.9 2.6 64 Paper, paperboard, and articles of paper pulp, paper or paper board........ 1.672 87.5 87.8 0.2 0.0 -0.3 -0.1 0.3 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product... 1.448 97.2 96.8 -3.3 0.1 -0.7 -0.1 -0.4 66 Nonmetallic mineral manufactures, n.e.s................................... 2.212 100.7 100.4 -2.5 0.2 -0.1 0.0 -0.3 67 Iron and steel............................. 2.076 93.1 91.5 -5.1 -0.5 -0.3 -1.1 -1.7 68 Nonferrous metals.......................... 1.979 91.0 87.7 -6.7 0.7 2.6 -3.4 -3.6 69 Manufactures of metals, n.e.s.............. 2.039 96.7 96.5 -2.3 -0.4 -0.6 0.4 -0.2 7 MACHINERY AND TRANSPORT EQUIPMENT........... 47.676 91.9 91.4 -4.2 -0.4 -0.3 -0.3 -0.5 71 Power generating machinery and equipment (9612=100).................... 3.100 97.9 97.5 -1.8 -1.8 -0.2 0.0 -0.4 72 Machinery specialized for particular industries.............................. 2.787 97.6 97.2 -2.1 -0.5 0.0 0.0 -0.4 73 Metalworking machinery..................... 0.856 96.9 96.3 -1.7 -0.6 -0.1 0.0 -0.6 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s... 3.559 96.6 96.2 -2.0 -0.3 0.1 0.2 -0.4 75 Computer equipment and office machines..... 6.668 70.3 69.9 -12.8 -1.5 -1.4 -0.8 -0.6 76 Telecommunications & sound recording & reproducing apparatus & equipment..... 4.621 89.4 88.8 -4.8 -0.1 -0.1 -1.3 -0.7 77 Electrical machinery and equipment......... 9.615 84.9 84.0 -6.4 0.0 -0.1 -0.6 -1.1 78 Road vehicles.............................. 15.375 101.2 101.0 0.1 0.0 -0.3 0.0 -0.2 8 MISCELLANEOUS MANUFACTURED ARTICLES......... 18.110 98.6 98.5 -1.7 -0.4 -0.1 -0.1 -0.1 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s.............. 0.406 96.7 96.0 -0.1 -0.8 0.1 0.7 -0.7 82 Furniture and parts thereof................ 1.295 100.3 100.4 -2.5 -0.1 0.1 -2.5 0.1 83 Travel goods, handbags and similar containers.............................. 0.530 101.1 101.1 -0.2 0.0 0.9 0.7 0.0 84 Articles of apparel and clothing accessories............................. 6.132 102.7 102.7 0.2 -0.1 -0.1 0.2 0.0 85 Footwear................................... 1.857 100.8 100.7 -0.5 -0.1 0.1 0.1 -0.1 87 Professional, scientific and controlling instruments and apparatus, n.e.s........ 1.640 95.0 94.6 -2.8 -0.4 0.6 -0.2 -0.4 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.;..... 1.368 91.0 91.1 -4.2 -0.2 -0.4 -0.2 0.1 89 Miscellaneous manufactured articles, n.e.s................................... 4.881 96.2 95.8 -3.6 -1.0 -0.4 0.1 -0.4 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for April, May and June 1998 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, July 1997-July 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June SITC Description 1997 1998 1998 1998 1998 Rev. 3 June June July to to to to to 1998 1998 1998 July April May June July 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 96.0 95.9 -3.4 -0.4 0.1 -0.6 -0.1 0 FOOD AND LIVE ANIMALS....................... 7.239 90.9 92.2 -5.7 -1.8 0.6 -0.4 1.4 01 Meat and meat preparations................. 1.195 97.7 97.4 1.8 0.1 1.6 4.3 -0.3 03 Fish, crustaceans, aquatic invertebrates and preparations thereof................ 0.502 80.7 90.1 4.0 -0.6 -0.5 -1.6 11.6 04 Cereals and cereal preparations............ 2.504 82.6 82.3 -8.5 -4.6 -0.3 -3.8 -0.4 05 Vegetables, fruit and nuts, fresh or dried.......................... 1.432 98.4 101.3 -2.9 1.3 3.8 2.1 2.9 08 Feeding stuff for animals (not including unmilled cereals)............. 0.681 95.0 96.6 -19.7 -3.5 -4.2 1.6 1.7 09 Miscellaneous edible products and preparations............................ 0.400 105.0 105.0 1.4 0.1 0.0 0.1 0.0 3/ Other food and live animals (9612=100)....... 0.525 96.6 96.8 -8.4 1.3 1.4 -1.7 0.2 1 BEVERAGES AND TOBACCO....................... 1.523 99.9 99.7 -1.5 -0.2 0.0 -0.1 -0.2 12 Tobacco and tobacco manufactures........... 1.255 99.7 99.5 -1.8 -0.3 -0.1 -0.1 -0.2 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS..... 5.438 82.0 82.2 -12.2 -1.2 -0.2 -1.2 0.2 21 Hides, skins and furskins, raw............. 0.283 84.8 81.8 -14.8 -2.4 -2.3 -1.3 -3.5 22 Oil seeds and oleaginous fruits............ 1.143 102.6 106.6 -17.1 -2.8 1.2 -3.8 3.9 24 Cork and wood.............................. 0.875 82.1 82.2 -11.4 0.0 -1.7 -0.6 0.1 25 Pulp and waste paper....................... 0.756 64.1 64.6 -6.5 -1.2 -1.1 0.9 0.8 26 Textile fibers and their waste............. 0.806 79.3 78.5 -6.8 -2.4 1.8 2.5 -1.0 27 Crude fertilizers and crude minerals....... 0.339 97.0 97.1 -0.8 0.0 -0.1 0.0 0.1 28 Metalliferous ores and metal scrap......... 0.809 76.5 74.7 -21.9 0.8 -0.6 -4.1 -2.4 3/ Other crude materials, inedible, except fuels (9612=100).......................... 0.427 99.0 98.6 -2.5 -1.5 -1.4 0.2 -0.4 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS................................ 2.038 103.1 96.3 -13.2 -1.3 0.1 -1.7 -6.6 32 Coal, coke and briquettes.................. 0.751 100.1 100.0 -1.6 -0.9 0.0 0.0 -0.1 33 Petroleum, petroleum products and related materials....................... 1.287 106.7 95.5 -21.0 -1.6 0.2 -2.0 -10.5 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES.................................... 0.518 107.9 104.5 12.0 0.6 5.1 1.2 -3.2 5 CHEMICALS AND RELATED PRODUCTS, N.E.S....... 10.722 92.7 92.1 -4.5 -0.1 -0.5 -0.3 -0.6 51 Organic chemicals.......................... 2.381 77.0 75.9 -10.6 -1.4 -0.8 -0.8 -1.4 52 Inorganic chemicals........................ 0.889 103.5 103.4 3.2 2.1 0.0 -0.6 -0.1 53 Dyeing, tanning and coloring materials..... 0.498 100.7 100.6 -1.5 0.0 -1.8 0.4 -0.1 54 Medicinal and pharmaceutical products...... 1.256 101.6 101.6 0.5 -0.7 0.0 0.0 0.0 55 Essential oils; polishing and cleansing preps................................... 0.760 101.4 101.4 -1.6 -0.3 0.2 0.0 0.0 56 Fertilizers (9612=100)..................... 0.577 96.1 96.5 -0.3 1.4 1.7 1.3 0.4 57 Plastics in primary forms.................. 1.788 89.7 88.6 -7.6 -0.9 -0.4 -0.9 -1.2 58 Plastics in nonprimary forms............... 0.834 97.9 97.2 -1.8 0.1 -0.7 -1.2 -0.7 59 Chemical materials and products, n.e.s..... 1.740 100.6 100.4 -3.4 1.3 -1.4 0.2 -0.2 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL.............................. 9.872 97.9 97.5 -1.0 0.0 -0.1 -0.3 -0.4 62 Rubber manufactures, n.e.s................. 0.678 101.9 102.2 -0.9 -0.2 -0.3 0.3 0.3 63 Cork and wood manufactures other than furniture............................... 0.291 89.6 90.1 -1.5 -1.2 -0.5 -1.1 0.6 64 Paper, paperboard, and articles of paper pulp, paper or paperboard......... 1.541 83.7 82.7 -2.0 -0.1 -0.6 -0.5 -1.2 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product... 1.440 103.2 103.0 0.4 0.0 -1.0 0.6 -0.2 66 Nonmetallic mineral manufactures, n.e.s................................... 1.353 106.8 106.6 2.0 0.0 -0.1 -0.1 -0.2 67 Iron and steel............................. 1.101 100.5 100.3 -2.5 0.0 -0.3 0.1 -0.2 68 Nonferrous metals.......................... 1.251 88.1 87.4 -5.6 0.3 2.3 -5.9 -0.8 69 Manufactures of metals, n.e.s.............. 2.064 107.0 106.9 1.4 -0.2 -0.3 2.4 -0.1 7 MACHINERY AND TRANSPORT EQUIPMENT........... 50.569 98.6 98.6 -1.9 -0.2 0.1 -0.6 0.0 71 Power generating machinery and equipment............................... 4.375 107.1 106.9 0.9 0.2 0.0 0.1 -0.2 72 Machinery specialized for particular industries.............................. 4.780 105.0 105.1 1.0 -0.2 0.3 -0.1 0.1 73 Metalworking machinery..................... 1.009 108.4 108.3 3.7 0.0 -0.1 0.6 -0.1 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s... 5.140 106.1 106.3 1.2 0.1 0.3 -0.1 0.2 75 Computer equipment and office machines..... 6.134 76.5 76.1 -9.4 -0.9 -0.1 -3.2 -0.5 76 Telecommunications & sound recording & reproducing apparatus & equipment..... 3.836 98.7 98.1 -1.6 -0.3 0.4 0.0 -0.6 77 Electrical machinery and equipment......... 11.510 91.8 92.0 -4.7 -0.4 -0.1 -0.9 0.2 78 Road vehicles.............................. 9.233 101.9 102.0 0.0 0.1 0.0 0.0 0.1 8 MISCELLANEOUS MANUFACTURED ARTICLES......... 11.333 100.9 100.8 -1.0 -0.1 -0.1 -0.3 -0.1 82 Furniture and parts thereof................ 0.646 104.0 104.3 0.8 0.1 0.0 -0.5 0.3 84 Articles of apparel and clothing accessories............................. 1.303 103.8 103.4 1.6 0.0 0.0 0.0 -0.4 87 Professional, scientific and controlling instruments and apparatus, n.e.s........ 3.776 103.7 103.8 0.3 0.0 0.2 -0.1 0.1 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s....... 0.913 93.7 92.9 -6.7 -0.2 -1.3 -0.4 -0.9 89 Miscellaneous manufactured articles, n.e.s................................... 4.221 98.3 98.4 -2.1 -0.4 0.1 -0.8 0.1 3/ Other miscellaneous manufactured articles (9612=100)....................... 0.473 103.0 102.2 1.3 0.3 0.2 0.4 -0.8 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for April, May and June 1998 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, July 1997-July 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance July March April May June nized Description 1997 1998 1998 1998 1998 System June June July to to to to to 1998 1998 1998 July April May June July 1/ 2/ 1998 1998 1998 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS............... 1.668 103.3 101.4 -0.8 0.7 0.0 -1.0 -1.8 02 Meat and edible meat offal................... 0.282 96.2 95.7 -1.9 1.7 0.1 -3.2 -0.5 03 Fish and crustaceans, molluscs and........... other aquatic invertebrates............... 0.986 108.9 106.9 2.4 -0.6 0.6 1.2 -1.8 3/ Other live animals and animal................ products (9612=100)....................... 0.400 98.4 95.4 -7.5 3.0 -1.4 -4.2 -3.0 II VEGETABLE PRODUCTS.......................... 1.616 89.5 94.7 2.6 1.5 -0.8 0.6 5.8 07 Edible vegetables and certain roots and...... tubers.................................... 0.315 111.1 n.a. n.a. 8.2 -1.8 6.3 n.a. 08 Edible fruit and nuts; peel of citrus........ fruit or melons........................... 0.482 102.1 102.9 2.2 3.4 -2.1 4.8 0.8 09 Coffee, tea, mate and spices................. 0.403 79.3 72.5 -20.7 0.3 -4.1 -5.9 -8.6 3/ Other vegetable products..................... 0.416 91.5 91.1 -2.8 -4.0 5.1 -1.3 -0.4 IV PREPARED FOODSTUFFS, BEVERAGES, AND......... TOBACCO................................... 2.177 101.8 100.7 -1.5 0.3 0.2 0.6 -1.1 20 Preparations of vegetables, fruit,........... nuts, or other parts of plants............ 0.282 89.8 89.5 -2.7 0.8 0.2 1.8 -0.3 22 Beverages, spirits, and vinegar.............. 0.784 104.1 104.0 0.8 -0.5 0.2 0.3 -0.1 3/ Other prepared foodstuffs (9612=100)......... 1.111 101.1 99.3 -2.6 0.7 0.1 0.5 -1.8 V MINERAL PRODUCTS............................ 7.864 80.3 75.7 -27.4 0.1 0.5 -2.5 -5.7 26 Ores, slag and ash........................... 0.308 102.1 101.9 -1.0 0.6 -0.4 -0.2 -0.2 27 Mineral fuels, oils and residuals,........... bituminous substances and mineral wax..... 7.317 79.0 74.1 -28.9 0.1 0.5 -2.7 -6.2 VI PRODUCTS OF THE CHEMICAL OR ALLIED.......... INDUSTRIES................................ 5.372 96.7 95.9 -3.3 -0.3 0.6 0.0 -0.8 28 Inorganic chemicals.......................... 0.880 101.2 98.9 -3.7 0.4 1.8 0.0 -2.3 29 Organic chemicals............................ 2.035 92.8 92.3 -4.1 -1.0 0.3 0.2 -0.5 30 Pharmaceutical products...................... 0.579 101.6 100.9 -2.0 -0.2 0.5 -0.1 -0.7 32 Tanning & dyeing extracts; dye &............. pigments; varnish & paints; putty......... 0.295 93.5 93.2 -4.0 -0.2 0.0 0.6 -0.3 37 Photographic or cinematographic goods........ 0.364 96.1 96.0 -3.5 0.0 0.0 -0.1 -0.1 38 Miscellaneous chemical products.............. (9612=100)................................ 0.428 96.3 94.6 -3.9 -0.5 0.8 0.1 -1.8 3/ Other products of the chemical or............ allied industries (9612=100).............. 0.790 96.3 95.8 -0.9 0.7 0.1 -0.1 -0.5 VII PLASTICS AND ARTICLES THEREOF; RUBBER....... AND ARTICLES THEREOF...................... 2.809 88.0 87.1 -6.1 -0.9 -0.5 -0.1 -1.0 39 Plastics and articles thereof................ 1.765 91.6 90.8 -5.0 -0.9 -0.1 -0.3 -0.9 40 Rubber and articles thereof.................. 1.044 82.7 81.6 -8.0 -1.0 -1.2 0.5 -1.3 VIII RAW HIDES, SKINS, LEATHER, FURSKINS,........ TRAVEL GOODS, ETC......................... 1.050 102.7 102.6 -1.1 -0.3 0.9 0.6 -0.1 42 Articles of leather; travel goods, bags,..... etc. of various materials................. 0.847 101.1 101.0 -0.9 0.0 0.6 0.6 -0.1 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET.... AND WICKER................................ 1.565 96.7 100.5 -10.5 -0.3 -2.3 -3.5 3.9 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER..... AND ARTICLES THEREOF...................... 2.441 83.9 83.5 -1.2 -0.5 -0.4 0.6 -0.5 47 Pulp wood or other fibrous cellulosic........ material; waste paper/paperboard.......... 0.381 65.7 64.6 -4.0 -1.2 -1.1 3.8 -1.7 48 Paper and paperboard; articles of paper...... pulp, paper or paperboard................. 1.690 88.4 88.6 0.1 0.1 -0.3 -0.1 0.2 49 Printed matter............................... 0.370 99.9 98.1 -3.6 -1.9 0.1 0.3 -1.8 XI TEXTILE AND TEXTILE ARTICLES................ 7.203 100.9 100.6 -0.8 -0.1 -0.2 0.0 -0.3 61 Articles of apparel and clothing............. accessories, knitted or crocheted......... 2.133 101.1 101.3 0.6 0.0 0.0 -0.8 0.2 62 Articles of apparel and clothing............. accessories, not knitted or crocheted..... 3.496 103.8 103.7 0.0 -0.1 0.0 0.5 -0.1 63 Made-up or worn textile articles and......... clothing; needlecraft sets; rags.......... 0.345 93.7 93.5 -4.1 0.4 -0.2 -0.4 -0.2 3/ Other textile & textile...................... articles (9612=100)....................... 1.229 97.5 96.0 -4.3 -0.5 -0.7 0.0 -1.5 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS,....... ARTIFICIAL FLOWERS, ETC................... 2.175 101.0 101.2 -0.2 -0.1 0.1 0.1 0.2 64 Footwear, gaiters and the like; parts........ of such articles.......................... 1.872 100.7 100.6 -0.5 -0.1 0.2 0.2 -0.1 3/ Other footwear, headgear, umbrellas,......... whips, art. flowers, etc. (9612=100)...... 0.303 101.5 103.1 1.6 0.1 -0.4 0.0 1.6 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC.... GLASS ETC................................. 1.187 101.1 100.7 -2.1 -0.2 0.0 0.2 -0.4 69 Ceramic products............................. 0.449 97.9 97.8 -1.8 -0.1 0.1 -0.1 -0.1 70 Glass and glassware.......................... 0.458 100.6 100.0 -3.3 0.0 -0.3 0.1 -0.6 XIV PEARLS, STONES, PRECIOUS METALS,............ IMITATION JEWELRY, AND COINS.............. 2.349 100.3 98.4 -0.3 1.2 1.6 -1.5 -1.9 XV BASE METALS AND ARTICLES OF BASE METAL...... 5.870 90.3 88.6 -7.0 -0.4 -0.1 -0.8 -1.9 72 Iron and steel............................... 1.787 92.4 90.5 -5.2 -0.5 -0.1 -1.2 -2.1 73 Articles of iron or steel.................... 1.319 94.7 93.5 -3.8 -0.2 -0.4 0.0 -1.3 74 Copper and articles thereof.................. 0.406 71.6 71.2 -18.7 -0.7 1.3 -1.2 -0.6 76 Aluminum and articles thereof................ 0.950 86.5 83.6 -8.9 -1.2 -0.2 -1.8 -3.4 83 Miscellaneous articles of base metal......... 0.428 100.3 100.2 -2.1 -1.6 -1.2 1.1 -0.1 3/ Miscellaneous nonferrous metals and.......... articles, including scrap (9612=100)...... 0.514 97.7 92.7 -15.9 1.7 1.0 -1.7 -5.1 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV......... IMAGE & SOUND RECORDERS, PARTS, ETC....... 30.265 85.4 84.7 -7.4 -0.7 -0.3 -0.6 -0.8 84 Specialized machinery & computer............. equipment................................. 15.716 85.4 85.0 -8.3 -1.1 -0.6 -0.5 -0.5 85 Electrical machinery and equip, sound........ and TV recorders & reproducers, parts..... 14.549 85.2 84.3 -6.4 -0.1 -0.1 -0.9 -1.1 XVII VEHICLES, AIRCRAFT, VESSELS AND............. ASSOCIATED TRANSPORT EQUIPMENT............ 16.647 101.2 101.1 0.0 0.0 -0.3 0.0 -0.1 87 Motor vehicles and their parts............... 15.720 100.9 100.8 0.0 0.0 -0.3 0.0 -0.1 XVII OPTICAL, PHOTO, MEASURING, MEDICAL &........ MUSICAL INSTRUMENTS; & TIMEPIECES......... 3.652 92.1 92.1 -2.3 -0.2 -0.1 -0.1 0.0 90 Optical, photographic, measuring and......... medical instruments....................... 3.116 91.9 91.7 -2.7 -0.2 0.0 -0.2 -0.2 91 Clocks and watches and parts thereof......... 0.391 93.3 94.4 -0.9 -0.3 -0.2 0.5 1.2 XX MISCELLANEOUS MANUFACTURED ARTICLES......... 3.827 97.9 97.7 -2.4 -0.6 0.0 -0.9 -0.2 94 Furniture; stuffed furnishings; lamps........ and lighting fittings nes;................ 1.645 98.1 98.0 -2.4 -0.3 0.0 -1.9 -0.1 95 Toys, games and sports equipment; parts...... and accessories thereof................... 1.884 98.4 98.2 -2.6 -1.0 -0.1 -0.2 -0.2 96 Miscellaneous manufactured articles.......... 0.298 93.5 93.5 -1.2 0.0 0.2 0.1 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for April, May and June 1998 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, July 1997-July 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance July March April May June nized Description 1997 1998 1998 1998 1998 System June June July to to to to to 1998 1998 1998 July April May June July 1/ 2/ 1998 1998 1998 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS............... 1.899 92.7 94.2 -0.6 0.0 1.3 1.9 1.6 02 Meat & edible meat offal..................... 1.099 94.5 93.5 0.0 -0.3 1.2 4.7 -1.1 03 Fish and crustaceans, molluscs and........... other aquatic invertebrates............... 0.453 79.9 87.3 2.3 -0.5 1.3 -1.2 9.3 3/ Other live animals and animal................ products (9612=100)....................... 0.346 92.8 93.0 -6.0 1.5 1.8 -1.8 0.2 II VEGETABLE PRODUCTS.......................... 4.944 90.2 91.2 -9.8 -3.2 0.5 -2.5 1.1 07 Edible vegetables and certain roots and...... tubers.................................... 0.341 105.2 104.9 7.5 -1.0 10.3 0.7 -0.3 08 Edible fruit and nuts; peel of citrus........ fruit or melons........................... 0.720 95.8 100.0 -7.2 2.4 -0.2 3.1 4.4 10 Cereals...................................... 2.276 80.8 80.4 -9.3 -5.2 -0.2 -4.3 -0.5 12 Oilseeds and misc. grains, seeds,............ fruits, plants, straw and fodder.......... 1.354 105.7 108.3 -14.6 -2.4 0.2 -2.8 2.5 III ANIMAL OR VEGETABLE FATS AND OILS........... 0.560 108.4 105.4 12.6 1.0 4.4 0.5 -2.8 IV PREPARED FOODSTUFFS, BEVERAGES, AND......... TOBACCO................................... 3.426 97.7 98.1 -5.9 -0.5 -1.0 0.1 0.4 20 Preparations of vegetables, fruit,........... nuts, or other parts of plants............ 0.342 93.7 95.7 -7.8 0.3 -0.6 -1.0 2.1 21 Miscellaneous edible preparations............ 0.372 105.9 105.9 1.0 0.0 0.0 0.0 0.0 22 Beverages, spirits, and vinegar.............. 0.334 98.5 98.5 -0.7 0.2 -0.5 0.8 0.0 23 Residues and waste from the food............. industries; prepared animal feed.......... 0.601 90.5 92.4 -21.1 -2.5 -3.6 0.6 2.1 24 Tobacco and manufactured tobacco............. substitutes............................... 1.264 99.8 99.5 -1.8 -0.2 -0.1 -0.1 -0.3 3/ Other prepared foods......................... 0.512 100.6 100.0 -0.8 0.0 -1.5 0.3 -0.6 V MINERAL PRODUCTS............................ 2.622 100.7 95.6 -13.9 -0.6 -0.3 -1.3 -5.1 27 Mineral fuels, oils and residuals,........... bituminous substances and mineral wax..... 2.089 103.9 97.5 -13.5 -1.2 0.0 -1.6 -6.2 VI PRODUCTS OF THE CHEMICAL OR ALLIED.......... INDUSTRIES................................ 8.703 93.2 92.8 -4.7 0.0 -0.3 -0.3 -0.4 28 Inorganic chemicals.......................... 0.956 102.5 102.3 -0.3 3.3 0.2 -0.7 -0.2 29 Organic chemicals............................ 2.676 80.1 79.0 -10.8 -1.5 -0.5 -1.0 -1.4 30 Pharmaceutical products...................... 0.932 103.9 104.0 3.6 -0.8 0.0 0.0 0.1 31 Fertilizers (9612=100)....................... 0.642 96.1 96.5 -0.3 1.4 1.7 1.3 0.4 32 Tanning or dyeing extracts; dyes and......... pigments; paints & varnish; putty;ink..... 0.509 100.8 100.7 -1.1 0.0 -1.3 0.4 -0.1 33 Essential oils and resinoids;................ perfumery, cosmetic or toilet............. 0.543 103.2 103.2 -0.7 -0.3 0.4 -0.1 0.0 34 Soap; lubricants; waxes, polishing or........ scouring products; candles, pastes........ 0.319 102.3 102.6 1.1 -0.5 -0.2 0.0 0.3 37 Photographic or cinematographic goods........ 0.392 85.3 83.6 -14.0 -0.5 -0.5 -1.0 -2.0 38 Miscellaneous chemical products.............. 1.506 99.2 99.1 -4.3 1.0 -1.4 0.0 -0.1 VII PLASTICS AND ARTICLES THEREOF; RUBBER....... AND ARTICLES THEREOF...................... 4.296 93.9 93.5 -4.5 -0.4 -0.4 -0.7 -0.4 39 Plastics and articles thereof................ 3.391 93.0 92.5 -5.0 -0.3 -0.4 -1.0 -0.5 40 Rubber and articles thereof.................. 0.905 97.6 97.6 -2.1 -0.7 -0.3 0.4 0.0 VIII RAW HIDES, SKINS, LEATHER, FURSKINS,........ TRAVEL GOODS, ETC......................... 0.520 87.1 84.5 -9.8 -0.6 -1.4 -0.3 -3.0 41 Raw hides and skins (other than.............. furskins) and leather..................... 0.364 81.9 79.1 -13.6 -1.7 -1.9 -2.2 -3.4 IX WOOD, WOOD CHARCOAL, CORK, STRAW,........... BASKET AND WICKER......................... 1.189 84.3 84.5 -9.2 -0.5 -1.4 -0.7 0.2 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER..... AND ARTICLES THEREOF...................... 3.030 78.1 77.8 -1.6 -0.3 -0.1 -0.1 -0.4 47 Pulp wood or other fibrous cellulosic........ material; waste paper/paperboard.......... 0.697 61.3 62.4 -4.7 -1.3 -0.7 0.8 1.8 48 Paper and paperboard; articles of paper...... pulp, paper or paperboard................. 1.508 84.2 83.0 -1.9 -0.1 -0.7 -0.6 -1.4 49 Printed material............................. 0.824 108.5 108.2 1.6 0.0 1.9 -0.5 -0.3 XI TEXTILE AND TEXTILE ARTICLES................ 3.284 92.7 92.2 -1.5 -0.6 0.1 0.7 -0.5 52 Cotton, including yarns and woven............ fabrics thereof........................... 0.722 82.2 81.1 -3.5 -2.7 2.5 5.9 -1.3 XIII STONE, PLASTER, CEMENT, ASBESTOS,........... CERAMIC, GLASS ETC........................ 0.871 103.7 103.5 -0.1 -0.4 0.1 0.0 -0.2 70 Glass and glassware.......................... 0.500 101.9 101.9 0.7 0.0 0.0 0.0 0.0 XIV PEARLS, STONES, PRECIOUS METALS,............ IMITATION JEWELRY, AND COINS.............. 1.891 95.5 94.2 -4.4 0.5 5.7 -7.1 -1.4 XV BASE METALS AND ARTICLES OF BASE METALS..... 4.555 92.8 92.2 -5.1 -0.1 -0.4 -0.4 -0.6 72 Iron and steel............................... 0.906 85.3 85.2 -10.2 -1.1 -1.1 -1.6 -0.1 73 Articles of iron or steel.................... 1.320 110.9 111.0 2.6 -0.4 -0.4 2.5 0.1 74 Copper and articles thereof.................. 0.369 69.2 68.3 -21.2 2.5 1.4 -3.5 -1.3 76 Aluminum and articles thereof................ 0.844 83.4 81.3 -8.4 -0.7 -0.7 -3.6 -2.5 82 Tools, implements, cutlery, spoons and....... forks, of base metal; parts thereof....... 0.423 103.9 103.9 0.6 0.0 0.0 -0.2 0.0 83 Miscellaneous articles of base metal......... 0.381 100.4 100.4 -0.9 0.2 -0.1 0.0 0.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV......... IMAGE AND SOUND RECORDERS, PARTS, ETC..... 36.675 94.1 94.1 -3.3 -0.3 0.0 -0.9 0.0 84 Specialized machinery & computer............. equipment................................. 20.413 95.1 95.0 -2.6 -0.3 0.1 -1.0 -0.1 85 Electrical machinery and equip, sound........ & tv recorders & reproducers, parts....... 16.262 92.9 93.0 -4.3 -0.4 0.0 -0.7 0.1 XVII VEHICLES, AIRCRAFT, VESSELS AND............. ASSOCIATED TRANSPORT EQUIPMENT............ 14.018 105.1 105.2 0.5 0.1 0.0 0.0 0.1 87 Motor vehicles and their parts............... 9.681 102.0 102.1 0.0 0.0 0.0 0.0 0.1 XVII OPTICAL, PHOTO, MEASURING, MEDICAL &........ MUSICAL INSTRUMENTS; & TIMEPIECES......... 5.478 102.0 102.1 -0.1 0.0 -0.3 -0.2 0.1 XX MISCELLANEOUS MANUFACTURED ARTICLES......... 1.814 102.5 102.5 0.1 0.1 -0.1 -0.1 0.0 94 Furniture; stuffed furnishings;.............. lamps and lighting fittings nesoi;........ 0.893 104.3 104.5 0.8 0.1 0.0 -0.4 0.2 95 Toys, games and sports equipment; parts...... and accessories thereof................... 0.747 100.9 100.9 -0.1 0.0 0.0 0.2 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for April, May and June 1998 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin, July 1997-July 1998 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports July March April May June Description 1/ 1997 1998 1998 1998 1998 1995 June July to to to to to 1998 1998 July April May June July 2/ 1998 1998 1998 1998 1998 3/ Developed Countries.......................... 55.6 95.1 94.6 -2.8 -0.1 0.2 -0.5 -0.5 Manufactured Goods......................... 52.2 95.7 95.3 -1.9 0.0 0.1 -0.4 -0.4 Nonmanufactured Goods...................... 3.1 88.5 87.0 -15.8 -1.1 0.8 -1.6 -1.7 3/ Developing Countries......................... 42.7 93.2 92.0 -9.1 -0.4 -0.4 -0.7 -1.3 Manufactured Goods......................... 35.4 94.5 93.9 -5.5 -0.5 -0.2 -0.5 -0.6 Nonmanufactured Goods...................... 7.1 81.5 77.7 -25.9 0.5 -1.2 -2.5 -4.7 Canada....................................... 18.9 96.3 96.0 -3.0 0.1 0.5 -0.7 -0.3 Manufactured Goods......................... 16.5 97.3 97.3 -1.4 0.2 0.4 -0.7 0.0 Nonmanufactured Goods...................... 2.2 92.0 90.1 -14.2 -1.1 1.6 -1.3 -2.1 4/ European Union............................... 17.0 100.0 99.8 -0.8 -0.6 0.5 0.1 -0.2 Manufactured Goods......................... 16.4 100.6 100.5 0.0 -0.6 0.5 0.3 -0.1 Nonmanufactured Goods...................... 0.5 82.9 79.7 -24.9 -2.4 -1.5 -5.1 -3.9 5/ Latin America (9712=100).................... 14.1 94.8 93.9 n.a. -0.2 0.5 -0.2 -0.9 Manufactured Goods (9712=100)............. 10.4 98.2 97.6 n.a. -0.8 0.9 0.5 -0.6 Nonmanufactured Goods (9712=100)........... 3.5 85.1 83.4 n.a. 2.3 -0.6 -2.6 -2.0 Japan........................................ 16.6 88.5 88.0 -5.4 -0.6 -0.3 -0.7 -0.6 6/ Asian Newly Industrialized Countries......... 10.9 86.9 85.9 -9.3 -0.9 -1.1 -1.2 -1.2 1 Regions are not mutually exclusive. 2 Data for April, May and June 1998 have been revised to reflect the availability of late reports and corrections by respondents. 3 Defined according to the Standard Census Definition. 4 Includes EU 15 countries. 5 Includes Mexico, Central America, South America, and the Caribbean. 6 Includes Hong Kong, Singapore, South Korea, and Taiwan. Table 8 U.S. Import and Export Price Indexes and Percent Changes for Selected Categories of Services. June 1997-June 1998 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade June June Sept. Dec. March Description (Mil. 1997 1997 1997 1997 1998 of March June to to to to to Dollars) 1998 1998 June Sept. Dec. March June 1998 1997 1997 1998 1998 IMPORT Air Freight 3188 80.5 81.5 -9.8 -2.0 -2.3 -7.0 1.2 Atlantic 1278 85.8 87.8 -2.8 -4.3 4.4 -4.9 2.3 Pacific 1674 76.3 76.7 -16.4 -0.3 -7.4 -9.9 0.5 Air Passenger Fares 11127 103.3 112.6 -0.5 -1.5 -6.5 -1.0 9.0 1/ Atlantic 4922 98.9 117.3 -3.2 0.7 -17.8 -1.5 18.6 1/ Pacific 2340 98.3 105.9 -4.9 -9.8 5.7 -7.4 7.7 1/ Latin American / Caribbean 3021 106.9 106.3 0.2 -0.2 -0.7 1.6 -0.6 1/ Crude Oil Tanker Freight 1346 95.5 n.a. n.a. -9.7 3.9 -0.1 n.a. Ocean Liner Freight 9868 93.4 100.9 3.9 -1.9 -1.9 -0.1 8.0 U.S. East Coast 4271 96.5 99.2 -1.4 -2.3 -1.6 -0.2 2.8 from Atlantic 1952 97.2 96.8 -3.1 -1.6 -1.6 0.5 -0.4 from Pacific 1774 94.8 101.2 0.4 -3.8 -2.3 0.0 6.8 1/ U.S. West Coast 5596 90.5 101.5 8.1 -1.6 -1.9 -0.1 12.2 EXPORT Air Freight (9612 = 100) 2562 94.9 94.5 -3.4 -1.2 -3.4 1.7 -0.4 Air Passenger Fares 17272 94.3 94.9 -7.9 -2.9 -7.9 2.4 0.6 1/ Atlantic 4120 101.7 110.8 1.0 -0.2 -7.4 0.3 8.9 1/ Pacific 10700 79.6 77.7 -14.7 -5.2 -9.6 1.9 -2.4 Latin American / Caribbean 1392 107.3 107.5 0.6 0.6 -0.9 0.8 0.2 Canadian 1006 166.1 160.2 2.0 0.3 -6.7 13.0 -3.6 1 Detailed data available upon reque n.a. Not available. Table 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. June 1997-June 1998 1995 = 100 Index Percent Change Annual Quarterly Trade June June Sept. Dec. March Description (Mil. 1997 1997 1997 1997 1998 of March June to to to to to Dollars) 1998 1998 June Sept. Dec. March June 1998 1997 1997 1998 1998 Air Freight (Inbound) 5495 82.9 83.4 -7.2 -1.6 -2.3 -4.2 0.6 Atlantic 1880 85.4 88.4 -0.6 -3.7 4.7 -4.7 3.5 Pacific 3151 81.3 80.3 -11.9 -0.1 -6.7 -4.2 -1.2 Air Freight (Outbound) 5835 97.2 96.0 -3.2 0.4 -1.9 -0.5 -1.2 Atlantic 2080 101.0 102.2 2.8 1.7 0.0 -0.1 1.2 Pacific 3222 95.5 92.4 -7.6 -0.3 -3.4 -0.8 -3.2 Air Passenger Fares (U.S. Carrier) 30673 99.3 107.7 -3.9 -2.6 -8.9 -0.2 8.5 1/ Atlantic 8811 94.2 116.8 -1.3 0.6 -17.8 -3.7 24.0 1/ Pacific 15900 89.9 93.6 -8.3 -6.1 -5.9 -0.3 4.1 1/ Latin American / Caribbean 4542 110.8 111.0 1.3 0.8 -1.2 1.5 0.2 Canadian 1367 173.6 167.9 4.2 0.6 -5.0 12.7 -3.3 Air Passenger Fares (Foreign Carrier) 31694 97.6 102.0 -3.9 -1.4 -4.7 -2.1 4.5 1/ Atlantic 13572 98.8 110.8 0.5 1.3 -9.9 -1.7 12.1 1/ Pacific 12570 84.7 82.8 -14.1 -5.6 -2.0 -5.0 -2.2 1/ Latin American / Caribbean 4224 105.3 105.1 0.3 -0.4 0.4 0.5 -0.2 1/ Crude Oil Tanker Freight (Inbound) 1949 103.5 n.a. n.a. -9.6 5.5 0.3 n.a. Ocean Liner Freight (Inbound) 12253 93.0 98.3 1.5 -2.0 -2.1 0.1 5.7 U.S. East Coast 5410 95.4 97.5 -2.1 -2.6 -1.3 -0.3 2.2 from Atlantic 2647 95.2 94.9 -3.9 -2.7 -1.3 0.4 -0.3 from Pacific 1874 93.1 98.8 -0.1 -3.7 -2.2 0.0 6.1 1/ U.S. West Coast 6844 90.6 98.4 4.6 -1.4 -2.8 0.4 8.6 1 Detailed data available upon reque n.a. Not available. TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are weighted with 1995 trade weights. The merchandise price indexes are published using three classifications: the Harmonized System (HS), the Bureau of Economic Analysis End Use System, and the Standard International Trade Classification (SITC) system, Rev. 3. Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represents transactions between U.S. and foreign residents) and International (which represents all transactions with U.S. importers or exporters, regardless of nationality). Published series use a base year of 1995=100 where possible. Net transaction price data are collected every month for over 20,000 products from over 6,000 companies and secondary sources. Indexes are not seasonally adjusted. More detailed index series and additional information may be obtained from the Division of International Prices, Bureau of Labor Statistics, 2 Massachusetts Avenue N.E., PSB 3955, Washington, DC 20212 or (202) 606-7155. Import Price Indexes -- Products have been classified by the 1995 Harmonized Tariff Schedule of the United States Annotated (TSUSA). Import prices are based on U.S. dollar prices paid by the U.S. importer. The prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) U.S. port transaction prices, depending on the practices of the individual industry. The index for crude petroleum is calculated from data collected by the U.S. Department of Energy. Export Price Indexes -- Products have been classified by the 1995 Harmonized Schedule B classification system of the U.S. Bureau of the Census. The prices used are generally either "free alongside ship" (f.a.s.) factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture. Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for the Import Price Indexes. Prior to January 1993, nonmanufactured goods were defined as SITC 0-4 and manufactured goods were defined as SITC 5-8. Beginning with January 1993, the indexes are defined by locality of origin using a nomenclature based upon the Standard Industrial Classification (SIC-based). Nonmanufactured goods are defined as SIC 0-1, and manufactured goods are defined as SIC 2-3. The indexes use 1995 weights and a base of 1995=100. Import, Export, and International Services Indexes -- Indexes are calculated on a quarterly basis. The figures for services indexes will not sum up to the aggregate dollar value because not all categories are shown in the tables. Revenue figures for air passenger indexes exclude frequent flyer tickets and those sold by consolidators. Indexes for crude oil tanker freight are calculated from data collected by the U. S. Department of Energy and the publication of these indexes is lagged one quarter. Revision policy -- Data are revised for the previous three months to reflect the availability of late reports and corrections by respondents. Uses of the Data -- The primary use of the indexes is to deflate trade statistics. For merchandise trade, the End Use classification system is the structure used by the U.S. Department of Commerce in the construction of the foreign trade sector of the National Income and Product Accounts. Indexes published using the Harmonized System and the Standard International Trade Classification, Rev. 3, both international structures, are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Accounts data, while International indexes are more appropriate for market analysis. Merchandise and services indexes also can be used to study U.S. competitiveness and price elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade analysis. The import and export news release contains monthly price indexes at the two-digit level of detail. If you would like to be added to the mailing list for more detailed index and percent change tables, please fill out the form below and mail or fax it to the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212 Phone Number: (202) 606-7155 Fax Number: (202) 606-7179 IPP Order Form Please add my name to the mailing list for the following publications. 1. Monthly News Release ______ 2. Harmonized System Indexes ______ 3. SITC Indexes ______ 4. BEA End-Use Indexes ______ 5. Locality of Origin Indexes ------ 6. Services Indexes ------ Name______________________________________________ Address___________________________________________ ____________________________________ ____________________________________ ____________________________________ Phone Number ( ) ______________________