Technical Information Jim Thomas (202) 606-7155 USDL-97-324 Bill Alterman (202) 606-7108 For release: 10:00 A.M. E.D.T. Media contact: Wednesday, September 17, 1997 Kathryn Hoyle (202) 606-5902 Internet Address: http://stats.bls.gov/ipphome.htm U.S. IMPORT AND EXPORT PRICE INDEXES -AUGUST 1997- The U.S. Import Price Index fell 0.1 percent in August, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decrease, attributable to falling nonpetroleum prices, followed declines in both July and June. The Export Price Index increased 0.1 percent in August after declining in each of the previous three months. Percent changes in import and export price indexes by End Use category - not seasonally adjusted - IMPORTS EXPORTS Month Non- Agri- Nonagri- All Petroleum petroleum All cultural cultural Imports Imports Imports Exports Exports Exports 1996 August 0.1 2.2 -0.1 -0.2 -0.2 -0.2 September 1.2 7.5 0.4 -0.8 -7.3 0.2 October 0.5 7.1 -0.3 -0.2 -2.6 0.0 November -0.2 -0.8 -0.1 -0.4 -2.3 0.0 December 0.3 2.0 0.1 0.0 -0.9 0.1 1997 January -0.3 0.6 -0.4 0.1 0.1 0.0 February -0.9 -8.1 -0.1 0.2 2.1 0.0 March -1.3 -8.7 -0.4 0.1 1.5 -0.1 April -1.1 -7.3 -0.5 0.0 r -0.4 r 0.0 r May 0.0 1.1 r -0.1 r -0.3 -1.2 r 0.0 r June -0.1 r -2.0 r 0.1 r -0.1 r -2.0 r 0.1 r July -0.3 r -1.7 r -0.2 r -0.1 -1.3 r 0.0 August -0.1 2.2 -0.3 0.1 0.4 0.0 August 1995-96 -0.2 20.5 -2.1 0.4 15.1 -1.5 August 1996-97 -2.3 -9.2 -1.8 -1.4 -13.3 0.3 r = revised to reflect late reports by respondents and corrections. Import Goods Import prices, down 2.3 percent over the past 12 months, dipped in August as the continued decline in nonpetroleum prices countered an advance for petroleum import prices. Petroleum prices rose 2.2 percent in August after declining 24.2 percent over the previous six months. The nonpetroleum index continued a two-year downward trend, falling 0.3 percent in August. Over the past 12 months, nonpetroleum import prices were down 1.8 percent. The decrease in nonpetroleum imports was led by falling capital goods prices, which dropped 0.9 percent in August after falling 0.4 percent in July. Capital goods prices, which have decreased in 19 of the past 21 months, were down 6.1 percent for the year ended in August. In addition, the price index for imported foods, feeds, and beverages fell for the second consecutive month, down 0.8 percent in August following a 2.6 percent decline in July. The import price indexes for nonpetroleum industrial supplies and materials and for consumer goods also fell in August, down 0.1 and 0.2 percent, respectively, after posting increases the previous month. In contrast, prices for automotive vehicles, parts, and engines edged up 0.1 percent for the second consecutive month after gaining 0.5 percent in June. Export Goods The increase in export prices was led by a 0.4 percent increase in the agricultural export price index. In contrast, agricultural export prices were down 4.9 percent over the previous four months and 13.3 percent for the year ended in August. Nonagricultural export prices posted no change in August, the fourth time in the past five months that the index has been unchanged. Over the past 12 months, the index was up 0.3 percent. The export price indexes for the major finished goods categories were either unchanged or increased modestly in August. Export prices for consumer goods rose 0.3 percent in August following gains of 0.1 percent in each of the previous four months. The index for capital goods, which accounts for about 44 percent of the overall export index, showed no change last month after declining 0.1 percent in July. Prices for exported automotive vehicles, parts, and engines also were unchanged in August after advancing 0.2 percent the prior month. In contrast, exported nonagricultural industrial supplies and materials prices dropped 0.2 percent last month, a turnaround from the gains of 0.2 percent and 0.4 percent recorded in July and June, respectively. Export price declines for chemicals, selected building materials, and nonferrous and other metals led the turnaround. Imports by Locality of Origin The price index for imports from Japan resumed a two-year downward trend, falling 0.3 percent in August after no change in July and an increase of 0.2 percent in June. (See table 7.) For the August 1996-1997 period, the index fell 4.5 percent. Import prices from Canada rose 0.3 percent on average last month, offsetting the 0.3 percent decline in July. Over the past 12 months, the index was down 0.6 percent. Prices for imports from the European Union were unchanged in August after falling 0.5 percent in July. For the year, the index fell 1.7 percent. The price index of imports from the Asian Newly Industrialized Countries dipped 0.1 percent in August, the fifth consecutive monthly decline. Over the past year, the index fell 3.4 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 September are scheduled for release on October 17 at 10:00 a.m. (EDT). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, August 1996-August 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July END Description 1996 1997 1997 1997 1997 USE July July August to to to to to 1997 1997 1997 Aug. May June July Aug. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 97.9 97.8 -2.3 0.0 -0.1 -0.3 -0.1 ALL IMPORTS EXCLUDING PETROLEUM 91.807 97.1 96.8 -1.8 -0.1 0.1 -0.2 -0.3 0 FOODS, FEEDS, & BEVERAGES 4.752 99.3 98.5 2.2 1.2 1.1 -2.6 -0.8 00 Agricultural foods, feeds & beverages, excluding distilled beverages 3.395 97.4 96.3 0.7 1.3 1.0 -3.8 -1.1 01 Nonagricultural foods (fish, distilled beverages) 1.357 104.2 103.9 5.9 0.9 1.3 1.1 -0.3 1 INDUSTRIAL SUPPLIES & MATERIALS 26.797 100.0 100.6 -2.7 0.6 -0.6 -0.4 0.6 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.604 98.2 98.1 0.3 0.4 0.0 0.3 -0.1 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.899 99.9 99.7 2.0 0.4 0.2 -0.2 -0.2 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.704 96.1 96.2 -1.7 0.4 -0.2 0.6 0.1 10 Fuels & lubricants 9.342 104.2 106.2 -8.1 0.9 -1.7 -0.8 1.9 100 Petroleum & petroleum products 8.192 102.7 105.0 -9.2 1.1 -2.0 -1.7 2.2 10000 Crude 6.486 102.5 104.2 -11.2 2.2 -3.1 -1.2 1.7 11 Paper & paper base stocks 1.783 82.1 82.6 -6.2 2.4 -0.1 0.2 0.6 12 Materials associated with nondurable supplies & materials 5.979 95.6 95.5 -2.3 0.2 -0.5 -0.2 -0.1 13 Selected building materials 2.199 112.8 111.7 1.7 1.0 -2.2 0.4 -1.0 14 Unfinished metals associated with durable goods 4.569 97.4 97.6 5.5 0.4 1.8 -0.5 0.2 15 Finished metals associated with durable goods 1.444 96.6 96.3 -3.1 0.0 -0.4 0.0 -0.3 16 Nonmetals associated with durable goods 1.480 95.5 95.2 -2.4 -0.2 -0.1 -0.2 -0.3 2 CAPITAL GOODS 28.705 91.7 90.9 -6.1 -0.6 0.1 -0.4 -0.9 20 Electric & electrical generating equipment 3.337 96.9 96.8 -2.3 -0.3 -0.2 -0.2 -0.1 21 Nonelectrical machinery 23.686 89.6 88.8 -7.2 -0.8 0.1 -0.6 -0.9 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 17.685 100.9 101.0 0.4 -0.3 0.5 0.1 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 22.061 99.6 99.4 -0.8 0.1 -0.2 0.1 -0.2 40 Nondurables, manufactured 10.861 100.9 101.0 0.3 0.2 0.0 -0.1 0.1 41 Durables, manufactured 10.118 98.2 97.8 -2.1 -0.4 0.1 0.1 -0.4 42 Nonmanufactured consumer goods 1.082 99.8 99.8 1.6 3.9 -3.6 0.7 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for May, June and July 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, August 1996-August 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July END Description 1996 1997 1997 1997 1997 USE July July August to to to to to 1997 1997 1997 Aug. May June July Aug. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 99.2 99.3 -1.4 -0.3 -0.1 -0.1 0.1 AGRICULTURAL COMMODITIES 10.481 100.0 100.4 -13.3 -1.2 -2.0 -1.3 0.4 NONAGRICULTURAL COMMODITIES 89.519 99.1 99.1 0.3 0.0 0.1 0.0 0.0 0 FOODS, FEEDS, & BEVERAGES 9.424 101.0 101.9 -14.5 -1.1 -2.2 -1.3 0.9 00 Agricultural foods, feeds & beverages, excluding distilled beverages 8.723 102.2 102.5 -16.0 -1.0 -2.4 -1.5 0.3 01 Nonagricultural foods (fish, distilled beverages) 0.701 89.0 96.4 0.6 -1.6 -0.5 1.6 8.3 1 INDUSTRIAL SUPPLIES & MATERIALS 25.449 95.8 95.5 1.1 -0.1 0.3 0.3 -0.3 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.896 96.6 96.2 0.9 -0.1 0.4 0.1 -0.4 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 15.554 95.2 95.1 1.3 0.0 0.1 0.4 -0.1 10 Agricultural industrial supplies & materials 1.758 92.2 92.8 -0.7 -1.6 -1.1 0.7 0.7 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 23.691 96.0 95.8 1.4 0.0 0.4 0.2 -0.2 11 Fuels & lubricants 2.427 110.4 110.7 1.6 -0.2 0.0 0.4 0.3 12 Nonagricultural supplies & materials excluding fuels & building materials 19.690 93.5 93.2 1.1 0.0 0.5 0.2 -0.3 13 Selected building materials 1.574 95.4 94.7 -0.9 -0.1 0.0 0.0 -0.7 2 CAPITAL GOODS 43.801 100.0 100.0 -0.6 -0.2 0.0 -0.1 0.0 20 Electric & electrical generating Equipment 4.365 101.2 101.8 1.1 -0.1 0.5 0.1 0.6 21 Nonelectrical machinery 34.101 97.4 97.4 -1.8 -0.3 -0.2 -0.3 0.0 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 9.607 102.3 102.3 1.1 -0.1 0.0 0.2 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 11.719 102.1 102.4 1.0 0.1 0.1 0.1 0.3 40 Nondurables, manufactured 6.167 101.7 101.8 0.4 0.1 0.3 0.2 0.1 41 Durables, manufactured 5.014 102.0 102.3 1.1 0.1 -0.1 0.0 0.3 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for May, June and July 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, August 1996-August 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July SITC Description 1996 1997 1997 1997 1997 Rev. 3 July July August to to to to to 1997 1997 1997 Aug. May June July Aug. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 97.9 97.8 -2.3 0.0 -0.1 -0.3 -0.1 0 FOOD AND LIVE ANIMALS 4.076 100.4 99.5 6.0 2.6 1.6 -3.2 -0.9 01 Meat and meat preparations 0.350 101.9 104.2 4.0 -1.1 -1.5 0.0 2.3 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 1.028 104.4 104.4 8.2 1.7 1.5 0.8 0.0 05 Vegetables and fruit, prepared fresh or dried 1.063 101.2 98.0 -0.4 -0.5 0.7 -0.5 -3.2 07 Coffee, tea, cocoa, spices and manufactures thereof 0.695 99.5 97.6 26.8 9.9 9.8 -16.0 -1.9 3/ Other food and live animals (9612=100) 0.940 100.0 100.3 n.a. 3.1 -2.5 -0.4 0.3 1 BEVERAGES AND TOBACCO 0.842 107.7 107.7 3.2 -0.2 0.5 0.2 0.0 11 Beverages 0.708 104.2 104.2 2.2 -0.1 0.5 0.2 0.0 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 3.007 97.4 97.0 3.5 2.3 -2.4 0.0 -0.4 23 Crude rubber (including synthetic and reclaimed) 0.260 78.3 77.7 -9.1 -3.2 2.2 -6.7 -0.8 24 Cork and wood 1.124 123.3 120.9 0.2 1.6 -3.5 0.7 -1.9 25 Pulp and waste paper 0.369 66.5 67.9 5.3 0.9 2.2 1.1 2.1 28 Metalliferous ores and metal scrap 0.641 104.8 105.2 10.5 -0.4 0.2 -0.9 0.4 29 Crude animal and vegetable materials, n.e.s. (9612=100) 0.263 102.1 101.8 n.a. 25.2 -17.6 4.9 -0.3 3/ Other crude materials, inedible, except fuels (9612=100) 0.351 97.7 97.8 n.a. -1.5 1.2 0.5 0.1 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 9.042 104.0 105.6 -8.3 1.2 -1.9 -0.6 1.5 33 Petroleum, petroleum products and related materials 7.812 102.6 104.4 -9.7 1.5 -2.3 -1.3 1.8 34 Gas, natural and manufactured 1.106 119.8 119.8 7.3 -1.5 1.2 5.7 0.0 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 5.572 96.2 96.4 -2.4 -0.1 -0.1 -0.2 0.2 51 Organic chemicals 1.590 96.2 97.1 -1.7 0.0 -0.6 0.3 0.9 52 Inorganic chemicals 0.668 97.9 98.3 -2.0 -0.3 -1.8 -1.1 0.4 53 Dyeing, tanning and coloring materials 0.290 97.7 95.4 -6.7 0.0 0.8 -0.2 -2.4 54 Medicinal and pharmaceutical products 0.909 96.5 96.2 -3.7 -0.6 0.9 0.2 -0.3 55 Essential oils; polishing and cleansing preps 0.319 96.9 97.8 -3.5 -0.1 -1.7 -0.1 0.9 57 Plastics in primary forms 0.364 91.6 91.5 -0.9 1.5 0.8 0.0 -0.1 58 Plastics in nonprimary forms 0.562 88.8 88.8 0.9 -0.5 3.3 0.2 0.0 59 Chemical materials and products, n.e.s. 0.655 103.2 103.3 -2.7 0.0 -0.7 -0.3 0.1 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 12.563 96.6 96.6 -0.8 0.5 0.4 -0.2 0.0 62 Rubber manufactures, n.e.s. 0.726 96.7 95.9 -3.6 -0.1 0.2 -0.9 -0.8 63 Cork and wood manufactures other than furniture 0.558 99.2 99.9 n.a. -0.2 -0.5 0.2 0.7 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.588 87.6 87.9 -8.8 2.7 -0.5 0.1 0.3 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.415 100.1 99.8 -0.8 -0.4 0.2 -0.4 -0.3 66 Nonmetallic mineral manufactures, n.e.s. 2.147 103.0 102.5 0.8 0.4 -0.6 0.4 -0.5 67 Iron and steel 2.041 96.4 96.3 -0.8 -0.1 -0.2 0.1 -0.1 68 Nonferrous metals 1.944 94.1 95.3 9.5 1.3 3.6 -1.1 1.3 69 Manufactures of metals, n.e.s. 1.978 98.8 98.3 -2.9 -0.1 0.1 -0.2 -0.5 7 MACHINERY AND TRANSPORT EQUIPMENT 46.972 95.4 95.0 -3.4 -0.5 0.1 -0.2 -0.4 71 Power generating machinery and equipment (9612=100) 2.984 99.3 98.9 n.a. -0.3 0.0 0.1 -0.4 72 Machinery specialized for particular industries 2.691 99.3 98.6 -2.4 -0.3 0.4 0.0 -0.7 73 Metalworking machinery 0.822 98.0 98.0 -3.3 0.1 0.3 -0.3 0.0 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.435 98.2 97.6 -3.1 -0.2 0.4 -0.1 -0.6 75 Computer equipment and office machines 7.214 80.1 78.7 -13.2 -1.6 -0.9 -1.4 -1.7 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.578 93.3 93.0 -3.7 -0.6 0.3 -0.1 -0.3 77 Electrical machinery and equipment 9.642 89.7 89.5 -4.9 -0.3 0.4 -0.6 -0.2 78 Road vehicles 14.563 100.9 101.1 0.4 -0.2 0.4 0.1 0.2 8 MISCELLANEOUS MANUFACTURED ARTICLES 17.472 100.2 100.1 -0.5 0.0 -0.1 0.0 -0.1 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s. 0.383 96.1 95.5 -5.6 -0.2 0.3 -0.1 -0.6 82 Furniture and parts thereof 1.263 103.0 102.9 2.1 -0.2 -0.4 0.1 -0.1 83 Travel goods, handbags and similar containers 0.504 101.3 101.1 -0.3 -0.2 0.1 0.1 -0.2 84 Articles of apparel and clothing accessories 5.810 102.5 102.7 1.6 0.4 -0.3 -0.1 0.2 85 Footwear 1.771 101.2 101.1 0.2 -0.1 0.2 0.1 -0.1 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.595 97.3 97.1 -3.1 -0.4 0.5 0.2 -0.2 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.356 95.1 94.4 -3.2 -1.4 0.1 0.7 -0.7 89 Miscellaneous manufactured articles, n.e.s. 4.789 99.5 99.3 -1.5 0.0 -0.3 0.1 -0.2 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for May, June and July 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, August 1996-August 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July SITC Description 1996 1997 1997 1997 1997 Rev. 3 July July August to to to to to 1997 1997 1997 Aug. May June July Aug. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 99.2 99.3 -1.4 -0.3 -0.1 -0.1 0.1 0 FOOD AND LIVE ANIMALS 7.541 97.6 99.7 -16.0 -1.8 -2.7 -0.9 2.2 01 Meat and meat preparations 1.136 95.7 96.2 -4.7 -1.0 -0.4 0.4 0.5 03 Fish, crustaceans, aquatic invertebrates and preparations 0.523 86.6 96.2 1.5 -1.8 -0.7 1.5 11.1 04 Cereals and cereal preparations 2.644 89.9 93.2 -31.8 -4.6 -7.4 -2.6 3.7 05 Vegetables, fruit and nuts, fresh or dried 1.460 103.5 103.2 -2.3 0.6 0.9 1.9 -0.3 08 Feeding stuff for animals (not including unmilled cereals) 0.837 120.3 119.9 -1.2 1.2 -0.3 -5.4 -0.3 09 Miscellaneous edible products and preparations 0.383 103.6 103.6 n.a. 0.5 -0.3 0.1 0.0 3/ Other food and live animals (9612=100) 0.558 105.7 106.6 n.a. -0.3 0.8 2.0 0.9 1 BEVERAGES ANB TOBACCO 1.497 101.2 101.2 0.5 0.2 0.4 0.4 0.0 12 Tobacco and tobacco manufactures 1.237 101.3 101.2 n.a. 0.4 0.5 0.4 -0.1 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 6.030 93.7 93.1 3.8 0.4 0.5 0.2 -0.6 21 Hides, skins and furskins, raw 0.311 96.0 98.3 -6.5 -3.3 -8.4 -4.8 2.4 22 Oil seeds and oleaginous fruits 1.389 128.6 120.5 -9.0 1.6 -1.1 -4.5 -6.3 24 Cork and wood 0.968 93.6 93.6 -1.1 0.0 -0.2 -0.4 0.0 25 Pulp and waste paper 0.792 69.1 71.6 24.7 2.7 8.9 4.9 3.6 26 Textile fibers and their waste 0.830 84.2 84.4 -0.5 -0.2 0.1 1.0 0.2 27 Crude fertilizers and crude minerals 0.332 97.9 97.9 1.1 0.4 0.5 0.1 0.0 28 Metalliferous ores and metal scrap 0.985 96.0 96.6 14.5 0.2 2.3 4.7 0.6 3/ Other crude materials, inedible, except fuels (9612=100) 0.423 101.1 101.0 n.a. -0.8 -1.5 2.4 -0.1 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 2.137 111.4 111.6 2.3 0.0 0.2 0.5 0.2 32 Coal, coke and briquettes 0.686 101.7 101.7 0.1 -0.1 -0.4 -0.3 0.0 33 Petroleum, petroleum products and related materials 1.309 120.9 121.1 5.7 0.1 -0.5 1.3 0.2 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.435 93.3 93.3 -3.1 0.2 1.2 -1.5 0.0 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 10.830 96.5 95.8 -0.7 0.1 -0.2 0.0 -0.7 51 Organic chemicals 2.550 84.9 84.5 -0.6 0.2 -0.5 0.0 -0.5 52 Inorganic chemicals 0.839 100.7 99.2 -2.8 0.2 -0.4 1.3 -1.5 53 Dyeing, tanning and coloring materials 0.490 102.1 101.8 1.0 -0.4 0.4 0.1 -0.3 54 Medicinal and pharmaceutical products 1.213 101.1 101.1 -0.7 -0.1 0.0 -0.4 0.0 55 Essential oils; polishing and cleansing preps 0.750 103.1 102.6 1.6 0.6 0.1 0.2 -0.5 56 Fertilizers (9612=100) 0.565 96.8 94.7 n.a. 0.4 1.5 0.7 -2.2 57 Plastics in primary forms 1.859 96.1 94.4 -2.2 -0.2 -0.5 -1.0 -1.8 58 Plastics in nonprimary forms 0.819 99.0 99.0 -0.3 0.8 -0.2 -0.1 0.0 59 Chemical materials and products, n.e.s. 1.746 104.0 104.0 1.1 0.2 -0.2 0.0 0.0 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.612 98.2 98.6 1.9 -0.1 0.5 0.0 0.4 62 Rubber manufactures, n.e.s. 0.666 103.1 102.7 0.3 0.1 0.1 -0.1 -0.4 63 Cork and wood manufactures other than furniture 0.288 91.5 90.9 0.7 -0.8 0.9 0.8 -0.7 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.508 84.4 85.3 -1.8 0.7 0.7 1.1 1.1 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.389 102.6 103.3 n.a. -0.6 0.2 -0.7 0.7 66 Nonmetallic mineral manufactures, n.e.s. 1.285 104.5 104.6 1.9 0.1 0.2 0.2 0.1 67 Iron and steel 1.094 102.9 103.0 n.a. -0.2 -0.2 0.1 0.1 68 Nonferrous metals 1.273 92.4 93.4 6.6 -0.3 1.5 -0.8 1.1 69 Manufactures of metals, n.e.s. 1.951 104.2 104.4 3.7 -0.3 0.7 -0.2 0.2 7 MACHINERY AND TRANSPORT EQUIPMENT 50.008 100.5 100.6 0.1 -0.2 0.2 -0.1 0.1 71 Power generating machinery and equipment 4.198 105.9 106.4 2.1 0.1 0.0 -0.1 0.5 72 Machinery specialized for particular industries 4.597 104.1 104.4 1.4 0.5 -0.1 -0.1 0.3 73 Metalworking machinery 0.937 104.4 104.4 2.2 -0.7 0.4 0.1 0.0 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 4.939 105.1 105.3 2.5 0.1 0.5 -0.1 0.2 75 Computer equipment and office machines 6.530 83.9 83.9 -8.3 -1.4 -0.6 -0.8 0.0 76 Telecommunications & sound recording & reproducing apparatus & equipment 3.757 99.6 99.6 -0.6 -0.3 0.0 0.0 0.0 77 Electrical machinery and equipment 11.741 96.5 96.5 -1.4 -0.1 -0.3 0.0 0.0 78 Road vehicles 8.969 102.0 101.9 0.9 -0.2 0.1 0.2 -0.1 8 MISCELLANEOUS MANUFACTURED ARTICLES 11.083 101.6 101.7 0.8 0.2 0.1 -0.1 0.1 82 Furniture and parts thereof 0.624 103.5 103.6 2.1 1.3 -0.3 -0.1 0.1 84 Articles of apparel and clothing accessories 1.240 101.8 101.6 n.a. 0.0 -0.1 0.5 -0.2 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.655 103.4 103.5 1.5 0.2 0.1 0.0 0.1 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s. 0.943 99.7 99.1 n.a. 0.7 0.8 0.7 -0.6 89 Miscellaneous manufactured articles, n.e.s. 4.170 100.1 100.5 0.0 0.1 0.0 -0.5 0.4 3/ Other miscellaneous manufactured articles (9612=100) 0.450 100.9 101.0 n.a. 0.1 0.0 0.0 0.1 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for May, June and July 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, August 1996-August 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Aug. April May June July nized Description 1996 1997 1997 1997 1997 System July July August to to to to to 1997 1997 1997 Aug. May June July Aug. 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.563 102.2 102.9 8.4 2.4 -1.4 1.0 0.7 02 Meat and edible meat offal 0.271 97.6 100.0 9.4 -1.7 -2.2 1.6 2.5 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.896 104.4 105.0 9.4 2.2 0.7 0.6 0.6 3/ Other live animals and animal products (9612=100) 0.396 103.1 102.7 n.a. 5.7 -5.1 1.6 -0.4 II VEGETABLE PRODUCTS 1.581 92.5 92.0 10.4 4.8 0.5 -3.8 -0.5 07 Edible vegetables and certain roots and tubers 0.285 n.a. n.a. n.a. 0.5 n.a. n.a. n.a. 08 Edible fruit and nuts; peel of citrus fruit or melons 0.450 100.7 97.5 -1.1 -0.6 -2.0 -1.1 -3.2 09 Coffee, tea, mate and spices 0.443 91.9 92.7 28.6 10.5 7.5 -12.1 0.9 3/ Other vegetable products 0.403 93.7 96.6 7.3 7.7 -8.0 -0.2 3.1 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 2.069 102.2 101.9 -1.1 0.1 0.3 0.5 -0.3 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.274 92.0 91.2 -17.5 0.2 -1.0 -0.3 -0.9 22 Beverages, spirits, and vinegar 0.735 103.2 103.6 1.4 -0.3 0.1 0.1 0.4 3/ Other prepared foodstuffs (9612=100) 1.060 101.9 101.3 n.a. 0.2 0.9 0.9 -0.6 V MINERAL PRODUCTS 9.633 103.9 105.3 -8.1 1.0 -1.8 -0.4 1.3 26 Ores, slag and ash 0.295 103.3 103.1 5.3 -0.1 -0.2 -0.2 -0.2 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 9.107 103.8 105.4 -8.8 1.0 -1.8 -0.5 1.5 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 5.215 99.2 99.3 -1.8 -0.1 -0.5 -0.3 0.1 28 Inorganic chemicals 0.846 102.7 103.3 1.9 -0.4 -1.0 -1.3 0.6 29 Organic chemicals 1.999 96.2 96.7 -3.0 0.2 -0.3 -0.1 0.5 30 Pharmaceutical products 0.557 103.2 103.0 0.6 0.1 0.8 0.6 -0.2 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.290 97.1 95.5 -6.2 -0.1 1.5 -0.3 -1.6 37 Photographic or cinematographic goods 0.357 99.5 98.5 -0.7 -0.3 -1.1 0.2 -1.0 38 Miscellaneaous chemical products (9612=100) 0.414 98.4 98.4 n.a. -0.5 -0.1 -0.1 0.0 3/ Other products of the chemical or allied industries (9612=100) 0.751 96.7 96.9 n.a. -0.5 -2.0 -1.0 0.2 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.806 92.8 92.4 -2.3 -0.3 0.9 -1.0 -0.4 39 Plastics and articles thereof 1.744 95.6 95.4 0.4 0.2 1.0 0.2 -0.2 40 Rubber and articles thereof 1.062 88.8 88.0 -6.4 -1.1 0.4 -2.4 -0.9 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 1.004 103.7 103.7 -0.4 0.6 -0.5 0.2 0.0 42 Articles of leather; travel goods, bags, etc. of various materials 0.808 101.9 101.8 0.5 0.2 0.3 -0.1 -0.1 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.721 112.3 111.0 -0.1 1.2 -2.7 0.4 -1.2 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.329 84.5 84.9 -4.9 1.9 -0.2 0.4 0.5 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.369 67.3 68.8 5.0 1.1 2.0 1.1 2.2 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.602 88.5 88.7 -8.3 2.3 -0.4 0.0 0.2 49 Printed matter 0.357 101.8 101.8 0.0 1.1 -0.7 0.7 0.0 XI TEXTILE AND TEXTILE ARTICLES 6.859 101.4 101.5 1.0 0.2 -0.4 -0.1 0.1 61 Articles of apparel and clothing accessories, knitted or crocheted 2.012 100.7 100.9 -0.1 -0.2 0.0 -0.6 0.2 62 Articles of apparel and clothing accessories, not knitted or crocheted 3.310 103.7 103.9 2.7 0.7 -0.6 0.2 0.2 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.341 97.5 97.1 -3.1 -1.2 0.5 0.1 -0.4 3/ Other textile & textile articles (9612=100) 1.197 100.3 100.1 n.a. -0.2 -0.4 -0.2 -0.2 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 2.066 101.4 101.3 0.4 0.0 0.2 0.1 -0.1 64 Footwear, gaiters and the like; parts of such articles 1.779 101.1 101.0 0.2 -0.1 0.2 0.2 -0.1 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 0.287 101.5 101.5 n.a. 0.2 0.1 -0.1 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.144 102.9 102.4 -0.2 0.2 -1.0 0.4 -0.5 69 Ceramic products 0.432 99.6 98.8 n.a. -0.4 -1.3 0.3 -0.8 70 Glass and glassware 0.445 103.4 103.2 0.1 -0.2 -1.1 0.0 -0.2 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 2.187 98.6 97.7 -1.4 0.4 0.6 0.3 -0.9 XV BASE METALS AND ARTICLES OF BASE METAL 5.868 95.3 95.6 1.2 0.3 0.7 -0.9 0.3 72 Iron and steel 1.750 95.5 95.5 -0.3 -0.1 0.0 0.0 0.0 73 Articles of iron or steel 1.282 97.2 96.9 -4.2 -0.1 -0.8 -0.2 -0.3 74 Copper and articles thereof 0.471 87.6 85.0 10.2 -1.6 2.5 1.2 -3.0 76 Aluminum and articles thereof 0.958 92.1 94.0 4.3 0.5 1.8 -2.6 2.1 83 Miscellaneous articles of base metal 0.413 102.3 102.1 -0.4 -0.2 -0.8 0.0 -0.2 3/ Miscellaneous nonferrous metals and articles, including scrap (9612=100) 0.549 110.2 113.9 n.a. 3.8 3.5 -4.5 3.4 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 30.706 91.4 90.9 -5.7 -0.6 0.1 -0.5 -0.5 84 Specialized machinery & computer equipment 16.140 92.7 91.7 -6.0 -0.6 -0.1 -0.4 -1.1 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 14.566 90.1 89.9 -5.6 -0.6 0.3 -0.6 -0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 15.746 101.1 101.3 0.5 -0.2 0.4 0.1 0.2 87 Motor vehicles and their parts 14.875 100.8 101.0 0.3 -0.3 0.4 0.1 0.2 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 3.541 94.3 94.0 -4.3 -0.7 0.2 0.1 -0.3 90 Optical, photographic, measuring and medical instruments 3.022 94.1 93.9 -4.4 -0.8 0.3 -0.1 -0.2 91 Clocks and watches and parts thereof 0.378 95.3 94.6 -4.0 -0.6 0.3 1.0 -0.7 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.707 100.1 99.9 -0.5 -0.3 0.0 0.2 -0.2 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.594 100.4 100.2 0.5 -0.2 -0.1 0.1 -0.2 95 Toys, games and sports equipment; parts and accessories thereof 1.827 100.8 100.7 -1.1 -0.1 -0.2 0.3 -0.1 96 Miscellaneous manufactured articles 0.287 94.8 93.4 -2.8 -1.7 1.4 0.2 -1.5 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for May, June and July 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, August 1996-August 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Aug. April May June July nized Description 1996 1997 1997 1997 1997 System July July August to to to to to 1997 1997 1997 Aug. May June July Aug. 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.883 94.8 97.4 -3.1 -1.0 -0.6 1.0 2.7 02 Meat & edible meat offal 1.056 93.5 94.0 -5.8 -1.2 -0.4 0.3 0.5 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.469 85.3 93.3 -1.5 -1.1 -0.9 2.0 9.4 3/ Other live animals and animal products (9612=100) 0.358 98.9 99.3 n.a. -0.9 -1.3 1.7 0.4 II VEGETABLE PRODUCTS 5.350 100.6 101.0 -22.1 -2.0 -3.9 -1.7 0.4 07 Edible vegetables and certain roots and tubers 0.307 97.6 99.6 2.7 1.0 -3.5 5.7 2.0 08 Edible fruit and nuts; peel of citrus fruit or melons 0.762 104.6 105.0 -1.4 0.6 3.1 3.0 0.4 10 Cereals 2.420 88.6 92.1 -34.7 -5.1 -8.0 -2.6 4.0 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.575 126.8 119.8 -7.6 1.1 -1.2 -3.5 -5.5 III ANIMAL OR VEGETABLE FATS AND OILS 0.469 93.6 93.4 -3.4 0.3 1.0 -1.2 -0.2 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.548 104.3 103.7 -1.3 0.1 -0.1 -1.2 -0.6 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.368 103.8 97.6 -7.2 -1.9 -0.1 -3.1 -6.0 21 Miscellaneous edible preparations 0.357 104.9 105.9 2.9 0.9 -0.3 0.2 1.0 22 Beverages, spirits, and vinegar 0.327 99.2 99.4 n.a. -0.5 -0.1 -0.2 0.2 23 Residues and waste from the food industries; prepared animal feed 0.755 117.1 116.3 -4.2 0.6 -0.9 -4.8 -0.7 24 Tobacco and manufactured tobacco substitutes 1.245 101.3 101.3 n.a. 0.4 0.5 0.4 0.0 3/ Other prepared foods 0.497 100.8 101.3 n.a. -0.5 0.3 0.3 0.5 V MINERAL PRODUCTS 2.816 111.6 112.3 7.1 0.0 0.4 2.4 0.6 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 2.209 113.3 113.5 3.0 0.1 -0.1 0.5 0.2 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 8.818 97.4 96.9 -0.1 0.2 -0.1 0.3 -0.5 28 Inorganic chemicals 0.929 102.7 101.7 -1.1 0.3 -0.5 1.2 -1.0 29 Organic chemicals 2.873 88.7 88.3 0.0 0.2 -0.4 0.1 -0.5 30 Pharmaceutical products 0.873 100.4 100.4 -0.6 -0.1 0.0 -0.3 0.0 31 Fertilizers (9612=100) 0.628 96.8 94.7 n.a. 0.4 1.5 0.7 -2.2 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.499 101.8 101.4 0.5 -0.5 0.4 0.2 -0.4 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.529 103.9 103.4 2.6 0.8 0.1 0.2 -0.5 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.307 101.5 101.5 0.8 0.3 0.0 0.2 0.0 37 Photographic or cinematographic goods 0.434 97.2 97.0 0.1 -0.3 1.4 1.5 -0.2 38 Miscellaneous chemical products 1.526 103.7 103.7 0.6 0.1 -0.3 0.1 0.0 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.345 98.0 96.9 -1.4 0.0 -0.2 -0.3 -1.1 39 Plastics and articles thereof 3.449 97.5 96.3 -1.6 0.1 -0.1 -0.5 -1.2 40 Rubber and articles thereof 0.896 99.7 99.2 -0.7 -0.1 -0.5 0.0 -0.5 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.542 93.7 94.6 -5.2 -1.4 -6.8 -2.0 1.0 41 Raw hides and skins (other than furskins) and leather 0.394 91.6 92.4 -2.2 -2.3 -5.5 -2.8 0.9 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.282 93.8 93.6 -0.5 -0.2 -0.1 0.0 -0.2 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.976 79.1 79.8 2.0 1.5 2.5 1.8 0.9 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.723 65.5 66.7 13.6 2.1 8.7 4.6 1.8 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.469 84.6 85.4 -2.2 1.0 0.8 1.4 0.9 49 Printed material 0.785 106.5 106.5 0.8 1.6 0.9 -0.1 0.0 XI TEXTILE AND TEXTILE ARTICLES 3.216 93.6 93.9 0.1 -0.3 0.1 0.1 0.3 52 Cotton, including yarns and woven fabrics thereof 0.716 84.0 84.3 0.0 -0.2 0.0 1.2 0.4 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. 0.844 103.6 102.8 n.a. 0.0 0.1 0.3 -0.8 70 Glass and glassware 0.482 101.2 101.3 n.a. -0.1 0.2 0.0 0.1 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.892 98.5 96.6 -3.5 -1.2 1.6 0.4 -1.9 XV BASE METALS AND ARTICLES OF BASE METALS 4.607 96.8 97.0 3.3 -0.5 0.6 -0.2 0.2 72 Iron and steel 0.976 94.9 95.0 -0.7 -1.1 1.1 0.4 0.1 73 Articles of iron or steel 1.228 106.4 106.6 5.0 -0.3 0.2 0.0 0.2 74 Copper and articles thereof 0.448 86.8 85.0 8.8 -0.9 0.5 -1.3 -2.1 76 Aluminum and articles thereof 0.871 88.7 89.5 3.9 -0.2 0.3 -0.6 0.9 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof 0.408 103.3 103.3 n.a. -0.2 0.4 -0.1 0.0 83 Miscellaneous articles of base metal 0.373 101.3 101.3 1.8 -0.3 1.6 -0.1 0.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 36.573 97.3 97.4 -1.6 -0.3 -0.1 -0.3 0.1 84 Specialized machinery & computer equipment 20.107 97.4 97.7 -1.6 -0.3 -0.2 -0.4 0.3 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 16.466 97.0 97.1 -1.5 -0.1 -0.2 -0.3 0.1 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 13.546 104.8 104.8 2.3 -0.1 0.8 0.2 0.0 87 Motor vehicles and their parts 9.395 102.1 102.0 0.8 -0.1 0.2 0.1 -0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 5.319 102.1 102.5 1.1 0.0 0.3 -0.3 0.4 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.757 102.3 102.4 1.2 0.5 -0.1 0.2 0.1 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.861 103.7 103.9 2.0 1.1 -0.2 -0.1 0.2 95 Toys, games and sports equipment; parts and accessories thereof 0.724 101.0 100.9 0.5 0.0 -0.2 0.7 -0.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for May, June and July 1997 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin,August 1996-August 1997 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports Aug. April May June July Description 1/ 1996 1997 1997 1997 1997 1995 July Aug. to to to to to 1997 1997 Aug. May June July Aug. 2/ 1997 1997 1997 1997 1997 3/ Developed Countries 55.6 97.1 97.6 -2.1 -0.2 0.1 -0.3 0.5 Manufactured Goods 52.2 97.1 97.4 -1.7 -0.3 0.1 0.0 0.3 Nonmanufactured Goods 3.1 101.5 103.5 -7.8 1.8 -1.2 -3.1 2.0 3/ Developing Countries 42.7 101.3 101.3 -0.3 0.2 -0.2 -0.6 0.0 Manufactured Goods 35.4 99.4 99.2 -0.3 -0.3 -0.1 -0.3 -0.2 Nonmanufactured Goods 7.1 105.1 106.0 -3.6 2.7 -0.6 -1.9 0.9 Canada 18.9 98.8 99.1 -0.6 0.2 -0.1 -0.3 0.3 Manufactured Goods 16.5 98.7 98.8 0.9 0.0 0.1 0.0 0.1 Nonmanufactured Goods 2.2 102.8 104.2 -9.9 1.8 -1.8 -2.7 1.4 4/ European Union 17.0 100.6 100.6 -1.7 -0.1 0.2 -0.5 0.0 Manufactured Goods 16.4 100.5 100.5 -1.6 -0.2 0.1 -0.3 0.0 Nonmanufactured Goods 0.5 105.1 107.1 -6.3 3.2 2.4 -7.7 1.9 Japan 16.6 93.0 92.7 -4.5 -0.7 0.2 0.0 -0.3 5/ Asian Newly Industrialized Countries 10.9 94.7 94.6 -3.4 -0.5 -0.6 -0.6 -0.1 1 Regions are not mutually exclusive. 2 Data for May, June and July 1997 have been revised to reflect the availability of late reports and corrections by respondents. 3 Defined according to the Standard Census Definition. 4 Includes EU 15 countries 5 Includes Hong Kong, Singapore, South Korea, and Taiwan. Table 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. June 1996-June 1997 1995 = 100 Index Percent Change Annual Quarterly Trade June June Sept. Dec. March Description (Mil. 1996 1996 1996 1996 1997 of March June to to to to to Dollars) 1997 1997 June Sept. Dec. March June 1997 1996 1996 1997 1997 Air Freight (Inbound) 5495 89.5 89.9 -5.5 0.5 -0.6 -5.8 0.4 Atlantic 1880 89.7 88.9 -4.6 1.8 1.8 -7.1 -0.9 Pacific 3151 89.8 91.1 -5.3 -0.6 -1.7 -4.5 1.4 Air Freight (Outbound) 5835 99.8 99.2 -0.2 -0.5 0.3 0.6 -0.6 Atlantic 2080 99.9 99.4 0.5 -0.2 0.3 0.9 -0.5 Pacific 3222 100.3 100.0 -0.7 -0.9 0.4 0.1 -0.3 Air Passenger Fares (U.S. Carrier) 30673 97.1 113.0 8.3 2.9 -5.3 -4.4 16.4 1/ Atlantic 8811 97.5 118.3 8.9 6.0 -13.5 -2.1 21.3 1/ Pacific 15900 86.4 102.2 1.9 -1.7 -3.7 -9.1 18.3 1/ Latin American / Caribbean 4542 106.8 114.9 11.9 0.2 0.0 3.8 7.6 Canadian 1367 155.7 162.6 52.2 15.7 24.3 1.4 4.4 Air Passenger Fares (Foreign Carrier) 31694 98.5 106.1 3.0 2.4 -4.5 -2.2 7.7 1/ Atlantic 13572 97.1 110.2 4.1 4.0 -8.9 -3.2 13.5 1/ Pacific 12570 92.3 96.4 -0.5 -2.6 -0.2 -2.0 4.4 1/ Latin American / Caribbean 4224 104.5 104.8 2.6 1.3 0.2 0.9 0.3 1/ Crude Oil Tanker Freight (Inbound) 1949 107.3 n.a. n.a. -11.0 8.1 7.2 n.a. Ocean Liner Freight (Inbound) 12253 97.6 96.8 -2.8 -1.6 0.4 -0.8 -0.8 U.S. East Coast 5410 99.8 99.6 -1.9 -0.8 1.0 -1.9 -0.2 from Atlantic 2647 99.4 98.7 -3.7 -1.4 0.3 -2.0 -0.7 from Pacific 1874 98.4 98.9 0.3 -0.2 0.1 -0.1 0.5 U.S. West Coast 6844 95.4 94.1 -3.8 -2.5 0.0 0.0 -1.4 from Pacific 6347 95.1 93.9 -3.6 -2.5 -0.2 0.3 -1.3 1 Detailed data available upon request. n.a. Not available. Table 8 U.S. Import and Export Price Indexes and Percent Changes for Selected Categories of Services. June 1996-June 1997 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade June June Sept. Dec. March Description (Mil. 1996 1996 1996 1996 1997 of March June to to to to to Dollars) 1997 1997 June Sept. Dec. March June 1997 1996 1996 1997 1997 IMPORT Air Freight 3188 90.1 90.7 -6.6 -0.3 -1.2 -5.8 0.7 Atlantic 1278 91.2 91.2 -5.5 2.0 -0.2 -7.1 0.0 Pacific 1674 90.5 91.8 -6.4 -1.4 -2.0 -4.5 1.4 Air Passenger Fares 11127 100.5 113.2 8.3 -1.4 -2.9 0.5 12.6 1/ Atlantic 4922 100.3 121.2 14.2 -0.3 -7.0 1.9 20.8 1/ Pacific 2340 98.1 111.4 9.9 -9.2 7.5 -0.9 13.6 1/ Latin American / Caribbean 3021 105.1 106.1 3.4 1.4 0.1 1.0 1.0 1/ Crude Oil Tanker Freight 1346 99.7 n.a. n.a. -11.3 6.3 5.8 n.a. Ocean Liner Freight 9868 98.0 97.1 -3.1 -1.3 -0.3 -0.6 -0.9 U.S. East Coast 4271 100.5 100.6 -1.1 -0.1 0.1 -1.2 0.1 from Atlantic 1952 100.4 99.9 -2.8 0.2 -0.1 -2.4 -0.5 from Pacific 1774 100.2 100.8 0.4 -0.2 0.2 -0.2 0.6 U.S. West Coast 5596 95.4 93.9 -4.9 -2.4 -0.6 -0.3 -1.6 from Pacific 5126 95.0 93.5 -4.8 -2.5 -0.8 0.1 -1.6 EXPORT Air Freight (9612 = 100) 2562 98.5 97.8 n.a. n.a. n.a. -1.5 -0.7 Air Passenger Fares 17272 89.8 103.1 3.7 3.5 -3.1 -9.9 14.8 1/ Atlantic 4120 98.6 109.9 4.8 8.3 -7.8 -5.8 11.5 1/ Pacific 10700 75.5 91.1 -2.8 0.2 -4.6 -15.7 20.7 Latin American / Caribbean 1392 101.8 106.9 6.9 0.8 0.8 0.2 5.0 Canadian 1006 155.0 158.8 47.3 7.1 26.3 6.3 2.5 1 Detailed data available upon request. n.a. 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. 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