Technical Information: David Mead (202) 606-7154 USDL-98-460 Jim Thomas (202) 606-7155 Transmission of This Media contact: Material is Embargoed Kathryn Hoyle (202) 606-5902 Until: 10:00 A.M. E.S.T. Internet Address:http://stats.bls.gov/ipphome.htm Wednesday, November 18, 1998 U.S. IMPORT AND EXPORT PRICE INDEXES -OCTOBER 1998- The U.S. Import Price Index increased 0.2 percent in October, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The monthly increase, the second in a row, again was led by a rise in the price index for imported petroleum. The index for nonpetroleum imports was unchanged in October. Export prices continued to decline in October, falling 0.1 percent for the month. 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 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 -0.3 -0.4 -1.6 -0.2 May -0.1 0.5 -0.2 0.1 1.0 -0.1 June -0.6 -4.4 -0.4 -0.5 0.0 -0.5 July -0.9 -5.4 r -0.4 -0.3 r 0.3 -0.4 r August -0.4 r -0.4 r -0.4 -0.5 -4.1 r -0.1 September 0.1 r 3.6 r -0.2 -0.5 -3.0 r -0.2 r October 0.2 5.0 0.0 -0.1 0.2 -0.1 October 1996-97 -3.7 -16.2 -2.2 -1.1 -5.9 -0.4 October 1997-98 -6.4 -31.9 -3.9 -4.0 -11.5 -3.0 r = revised to reflect late reports and corrections by respondents. Import Goods The 0.2 percent increase in import prices in October follows a revised 0.1 percent rise in the previous month. Prior to September, the index for overall import prices had declined for 10 consecutive months. Over the past 12 months, import prices were down 6.4 percent. In both September and October, increasing petroleum prices drove the overall increase in import prices; the index of imported petroleum prices rose 5.0 percent in October after increasing 3.6 percent in September. For the year ended in October, however, petroleum prices declined 31.9 percent. The index for nonpetroleum import prices was unchanged in October after declining in each of the prior 12 months. From October 1997 to October 1998, the index decreased 3.9 percent. Prices for imported capital goods, down 0.1 percent, continued to decrease as declining prices for computers and computer equipment more than offset the effects of a weakened U.S. dollar on most other capital goods prices. The decline, however, was the smallest monthly drop since the index turned down in July 1997. For the year ended in October, capital goods prices fell 6.1 percent. The import price index for nonpetroleum industrial supplies and materials also fell in October, decreasing 1.0 percent. Over the past 12 months, nonpetroleum industrial supplies and material prices were down 7.4 percent. In contrast, the index of imported consumer goods prices, which had decreased or remained unchanged in each of the seven preceding months, rose 0.3 percent in October. The increase paralleled the recent turnaround in the U.S. dollar. The October rise was the largest in this index since a 0.4 percent increase in December 1995. Despite the increase last month, prices for imported consumer goods fell 1.2 percent over the year ended in October. The import indexes for automotive vehicles and foods, feeds, and beverages also rose in October, up 0.2 percent and 1.2 percent, respectively. For the October 1997-98 period, prices for automotive vehicles and foods, feeds, and beverages decreased 0.6 percent and 2.3 percent, respectively. Export Goods Prices for overall U.S. exports fell 0.1 percent in October as a small increase in the index for agricultural prices was not large enough to offset continued declines in nonagricultural prices. Export prices declined steadily throughout most of the past year and were down 4.0 percent over the last 12 months. Agricultural export prices posted a 0.2 percent rise in October after declining 3.0 percent in September and 4.1 percent in August. Despite the October increase, the index was down 11.5 percent for the year. In contrast, the index for nonagricultural export prices declined 0.1 percent in October, similar to the movements in the two preceding months. Prices for nonagricultural exports have declined in each of the past 12 months and were down 3.0 percent over the year. Prices for nonagricultural industrial supplies and materials fell 0.6 percent in October, continuing a year-long trend of decreasing prices. For the year ended in October, the index was down 7.6 percent. Capital goods export prices also fell in October, dropping 0.1 percent after posting no change in September. Exported capital goods have either decreased or been unchanged for 14 consecutive months and were down 2.2 percent for the year ended in October. The price index for exported automotive vehicles rose 0.5 percent in October, reflecting the introduction of new model passenger cars. (The indexes in this release are not seasonally adjusted.) The October rise was the largest in this index since a 1.0 percent increase in October 1995. Over the October 1997-98 period, the index was up 0.6 percent. The export index for consumer goods prices was unchanged in October and was down 0.6 percent over the past 12 months. Imports by Locality of Origin The price index for imports from Japan fell a modest 0.1 percent in October after declining an average of 0.5 percent in each of the past six months. Price declines for imports from Japan were moderated by a recent increase in the value of the Japanese yen against the U.S. dollar. For the year ended in October, the index fell 5.1 percent. Prices of imports from the Asian Newly Industrialized Countries also continued to decline in October, falling 0.4 percent. Over the past 12 months, the index was down 9.4 percent. In contrast, prices of imports from the European Union rose 1.0 percent in October, in part due to the decline in the value of the U.S dollar against most European currencies. For the October 1997-98 period, the index increased 0.2 percent. The price indexes for imports from Latin America and Canada also were up in October, increasing 1.0 percent and 0.2 percent, respectively. For the year ended in October, import prices from Canada were down 4.0 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 November are scheduled for release on December 16 at 10:00 a.m. (EST). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, October 1997-October 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. END Description 1997 1998 1998 1998 1998 USE SeptembeSeptember October to to to to to 1998 1998 1998 Oct. July Aug. Sept. Oct. 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 91.5 91.7 -6.4 -0.9 -0.4 0.1 0.2 ALL IMPORTS EXCLUDING PETROLEUM.............. 93.816 92.7 92.7 -3.9 -0.4 -0.4 -0.2 0.0 0 FOODS, FEEDS, & BEVERAGES................... 4.883 95.4 96.5 -2.3 -0.8 -2.4 1.5 1.2 00 Agricultural foods, feeds & beverages, excluding distilled beverages.......... 3.422 91.7 93.1 -3.3 -0.2 -3.0 2.1 1.5 01 Nonagricultural foods (fish, distilled beverages)............................. 1.461 104.8 105.3 0.1 -2.2 -0.9 -0.1 0.5 1 INDUSTRIAL SUPPLIES & MATERIALS............. 24.765 86.4 86.8 -15.3 -2.0 -0.6 0.6 0.5 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM................. 18.582 91.6 90.7 -7.4 -0.9 -0.6 -0.4 -1.0 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE............................. 9.825 92.6 91.7 -7.1 -0.7 0.0 -0.8 -1.0 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM...... 8.758 90.3 89.5 -7.6 -0.9 -1.3 -0.3 -0.9 10 Fuels & lubricants......................... 7.359 76.7 79.1 -30.1 -4.3 -0.9 3.1 3.1 100 Petroleum & petroleum products............ 6.183 72.4 76.0 -31.9 -5.4 -0.4 3.6 5.0 1000 Crude................................... 4.784 70.6 74.6 -33.3 -4.1 -0.1 5.4 5.7 11 Paper & paper base stocks.................. 1.859 80.0 78.9 -5.7 -0.6 -1.2 -0.2 -1.4 12 Materials associated with nondurable supplies & materials................... 5.938 88.6 88.8 -6.1 -1.4 -0.9 -0.4 0.2 13 Selected building materials................ 2.179 104.4 101.0 -6.1 3.1 1.4 0.2 -3.3 14 Unfinished metals associated with durable goods.......................... 4.463 88.9 88.7 -8.9 -2.5 -0.6 -1.3 -0.2 15 Finished metals associated with durable goods.................................. 1.492 93.2 92.9 -4.0 -0.3 0.1 0.3 -0.3 16 Nonmetals associated with durable goods.... 1.475 89.0 88.4 -6.2 -1.4 -0.6 -0.8 -0.7 2 CAPITAL GOODS............................... 28.277 84.4 84.3 -6.1 -0.7 -0.4 -0.4 -0.1 20 Electric & electrical generating equipment.............................. 3.423 92.9 93.2 -3.7 -0.7 0.0 -1.3 0.3 21 Nonelectrical machinery.................... 23.038 81.4 81.3 -7.0 -0.8 -0.4 -0.4 -0.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES........ 18.882 100.6 100.8 -0.6 -0.1 -0.2 -0.1 0.2 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES............................ 23.192 97.8 98.1 -1.2 -0.1 -0.3 0.0 0.3 40 Nondurables, manufactured.................. 11.608 100.8 101.2 0.1 -0.1 0.0 0.0 0.4 41 Durables, manufactured..................... 10.451 94.7 95.0 -2.4 -0.2 -0.2 -0.2 0.3 42 Nonmanufactured consumer goods............. 1.133 97.6 97.7 -3.6 0.0 -1.6 0.5 0.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for July, August and September 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, October 1997-October 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. END Description 1997 1998 1998 1998 1998 USE SeptembeSeptember October to to to to to 1998 1998 1998 Oct. July Aug. Sept. Oct. 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 94.8 94.7 -4.0 -0.3 -0.5 -0.5 -0.1 AGRICULTURAL COMMODITIES..................... 9.539 86.9 87.1 -11.5 0.3 -4.1 -3.0 0.2 NONAGRICULTURAL COMMODITIES.................. 90.461 95.7 95.6 -3.0 -0.4 -0.1 -0.2 -0.1 0 FOODS, FEEDS, & BEVERAGES................... 8.607 88.1 88.6 -11.2 1.3 -3.7 -3.1 0.6 00 Agricultural foods, feeds & beverages, excluding distilled beverages.......... 7.824 87.6 88.0 -12.1 0.7 -4.5 -3.2 0.5 01 Nonagricultural foods (fish, distilled beverages)............................. 0.783 94.9 96.1 -1.9 8.0 6.0 -2.2 1.3 1 INDUSTRIAL SUPPLIES & MATERIALS............. 24.490 88.0 87.5 -7.7 -1.2 -0.4 -1.0 -0.6 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE............................. 9.561 89.1 88.8 -6.3 -1.0 -0.2 -1.1 -0.3 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE.......................... 14.928 87.3 86.7 -8.4 -1.3 -0.6 -1.0 -0.7 10 Agricultural industrial supplies & materials.............................. 1.715 85.9 84.7 -9.0 -1.6 -1.5 -1.9 -1.4 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS.............................. 22.775 88.2 87.7 -7.6 -1.2 -0.2 -1.0 -0.6 11 Fuels & lubricants......................... 2.137 92.9 93.4 -16.1 -5.1 -1.7 -1.3 0.5 12 Nonagricultural supplies & materials excluding fuels & building materials... 19.144 86.8 86.3 -6.6 -0.9 -0.2 -1.0 -0.6 13 Selected building materials................ 1.494 86.5 86.2 -5.5 0.2 0.9 -0.6 -0.3 2 CAPITAL GOODS............................... 44.580 97.2 97.1 -2.2 -0.3 -0.2 0.0 -0.1 20 Electric & electrical generating Equipment.............................. 4.531 100.3 100.2 -1.7 0.0 -0.1 -0.1 -0.1 21 Nonelectrical machinery.................... 34.405 93.8 93.8 -2.8 -0.4 -0.2 -0.1 0.0 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES........ 10.068 102.3 102.8 0.6 0.1 0.0 -0.1 0.5 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES............................ 12.255 102.0 102.0 -0.6 0.0 0.0 0.1 0.0 40 Nondurables, manufactured.................. 6.480 102.0 102.0 -0.1 0.0 -0.2 0.2 0.0 41 Durables, manufactured..................... 5.192 100.9 100.9 -1.3 -0.2 0.4 0.0 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for July, August and September 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, October 1997-October 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. SITC Description 1997 1998 1998 1998 1998 Rev. 3 SeptembeSeptember October to to to to to 1998 1998 1998 Oct. July Aug. Sept. Oct. 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 91.5 91.7 -6.4 -0.9 -0.4 0.1 0.2 0 FOOD AND LIVE ANIMALS....................... 4.137 95.5 97.1 -3.3 -0.6 -3.6 1.7 1.7 01 Meat and meat preparations................. 0.356 97.2 95.5 -7.0 -0.6 0.1 -0.6 -1.7 03 Fish, crustaceans, aquatic invertebrates and preparations thereof................ 1.091 103.7 104.4 -2.8 -3.0 -2.1 -0.2 0.7 05 Vegetables, fruit and nuts, fresh or dried.......................... 1.197 106.7 114.7 11.3 7.9 -12.2 8.8 7.5 07 Coffee, tea, cocoa, spices and manufactures thereof.................... 0.577 77.4 73.6 -20.1 -10.4 7.9 -2.5 -4.9 3/ Other food and live animals (9612=100)....... 0.916 91.3 92.4 -7.5 -1.7 -2.1 -1.1 1.2 1 BEVERAGES AND TOBACCO....................... 0.916 109.7 109.9 1.9 0.2 -0.1 0.0 0.2 11 Beverages.................................. 0.772 106.4 106.6 2.1 0.2 -0.2 0.1 0.2 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS..... 2.824 85.7 83.8 -11.6 -0.5 -1.8 0.0 -2.2 23 Crude rubber (including synthetic and reclaimed).............................. 0.191 53.8 54.8 -24.3 -6.6 -2.0 0.0 1.9 24 Cork and wood.............................. 1.044 107.3 102.4 -9.5 4.2 1.0 0.7 -4.6 25 Pulp and waste paper....................... 0.360 60.8 58.1 -15.8 -2.3 -3.3 -2.7 -4.4 28 Metalliferous ores and metal scrap......... 0.606 92.9 93.2 -10.1 -2.6 -1.9 -1.4 0.3 29 Crude animal and vegetable materials, n.e.s. (9612=100)....................... 0.290 105.2 103.8 -8.3 0.3 -11.0 4.3 -1.3 3/ Other crude materials, inedible, except fuels (9612=100).......................... 0.333 87.0 86.7 -10.2 -4.4 -0.7 -0.1 -0.3 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS................................ 7.044 75.9 78.4 -30.7 -4.3 -0.9 3.1 3.3 33 Petroleum, petroleum products and related materials....................... 5.858 72.1 75.7 -32.1 -5.3 -0.1 3.9 5.0 34 Gas, natural and manufactured.............. 1.056 107.1 100.3 -24.0 0.6 -5.2 0.3 -6.3 5 CHEMICALS AND RELATED PRODUCTS, N.E.S....... 5.687 92.0 92.1 -3.7 -0.7 -0.6 -0.3 0.1 51 Organic chemicals.......................... 1.619 91.7 91.1 -4.4 -0.2 -0.3 -0.1 -0.7 52 Inorganic chemicals........................ 0.684 93.9 94.6 -5.1 -1.7 -1.6 -0.7 0.7 53 Dyeing, tanning and coloring materials..... 0.301 94.8 96.3 2.2 -0.3 0.2 0.0 1.6 54 Medicinal and pharmaceutical products...... 0.952 94.6 95.6 -0.6 -0.3 -0.1 -0.3 1.1 55 Essential oils; polishing and cleansing preps................................... 0.329 93.8 94.5 -3.0 -0.5 -1.0 0.4 0.7 57 Plastics in primary forms.................. 0.389 91.6 90.8 -2.0 -1.0 -2.0 0.4 -0.9 58 Plastics in nonprimary forms............... 0.505 74.7 74.6 -13.2 -2.5 -0.9 -2.2 -0.1 59 Chemical materials and products, n.e.s..... 0.680 100.5 99.0 -3.7 -1.0 -0.1 0.2 -1.5 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL.............................. 12.877 92.7 92.6 -4.2 -0.9 -0.1 -0.4 -0.1 62 Rubber manufactures, n.e.s................. 0.756 94.3 94.2 -1.2 -0.3 -0.5 0.1 -0.1 63 Cork and wood manufactures other than furniture............................... 0.575 95.8 94.8 -5.1 2.5 2.0 -1.2 -1.0 64 Paper, paperboard, and articles of paper pulp, paper or paper board........ 1.684 87.0 86.3 -2.8 -0.1 -0.6 0.1 -0.8 65 Textile yarn, fabrics, made-up articles, n.e.s., and related prod...... 1.459 96.7 96.5 -3.5 -0.4 0.0 -0.1 -0.2 66 Nonmetallic mineral manufactures, n.e.s................................... 2.228 100.1 100.4 -1.8 -0.4 0.2 -0.3 0.3 67 Iron and steel............................. 2.036 90.1 89.9 -6.5 -1.7 -0.7 -0.8 -0.2 68 Nonferrous metals.......................... 1.903 86.3 85.9 -9.9 -3.2 -0.1 -1.8 -0.5 69 Manufactures of metals, n.e.s.............. 2.064 96.6 96.9 -1.6 -0.3 0.0 0.4 0.3 7 MACHINERY AND TRANSPORT EQUIPMENT........... 47.790 90.9 90.9 -3.8 -0.4 -0.3 -0.2 0.0 71 Power generating machinery and equipment (9612=100).................... 3.120 97.3 97.6 -1.4 -0.4 -0.1 -0.1 0.3 72 Machinery specialized for particular industries.............................. 2.798 96.7 97.8 -0.8 -0.3 -0.2 -0.4 1.1 73 Metalworking machinery..................... 0.864 96.6 97.5 -0.4 -0.6 0.2 0.1 0.9 74 General industrial machinery, equipment, & machine parts, n.e.s....... 3.606 96.6 97.6 0.2 -0.4 0.2 0.1 1.0 75 Computer equipment and office machines..... 6.609 68.7 67.4 -12.6 -0.9 -0.7 -0.9 -1.9 76 Telecommunications & sound recording & reproducing apparatus & equipment..... 4.642 88.6 88.3 -4.3 -0.6 -0.1 -0.2 -0.3 77 Electrical machinery and equipment......... 9.525 83.0 83.5 -5.8 -0.8 -0.5 -0.5 0.6 78 Road vehicles.............................. 15.520 100.7 101.0 -0.6 -0.1 -0.2 -0.1 0.3 8 MISCELLANEOUS MANUFACTURED ARTICLES......... 18.284 98.3 98.5 -1.4 -0.1 -0.2 0.0 0.2 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s.............. 0.407 95.5 94.7 -1.3 -0.6 0.0 0.1 -0.8 82 Furniture and parts thereof................ 1.311 100.1 100.0 -2.9 0.3 -0.2 -0.2 -0.1 83 Travel goods, handbags and similar containers.............................. 0.532 100.1 100.7 -0.3 0.0 -1.1 0.1 0.6 84 Articles of apparel and clothing accessories............................. 6.229 102.9 103.0 -0.1 -0.1 0.1 0.2 0.1 85 Footwear................................... 1.885 100.9 101.4 0.4 0.1 0.1 0.0 0.5 87 Professional, scientific and controlling instruments and apparatus, n.e.s........ 1.654 94.5 95.0 -1.3 -0.2 0.0 -0.2 0.5 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.;..... 1.372 90.1 90.7 -2.9 -0.1 -0.3 -0.6 0.7 89 Miscellaneous manufactured articles, n.e.s................................... 4.895 95.2 95.3 -3.2 -0.4 -0.3 -0.3 0.1 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for July, August and September 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, October 1997-October 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. SITC Description 1997 1998 1998 1998 1998 Rev. 3 SeptembeSeptember October to to to to to 1998 1998 1998 Oct. July Aug. Sept. Oct. 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 94.8 94.7 -4.0 -0.3 -0.5 -0.5 -0.1 0 FOOD AND LIVE ANIMALS....................... 6.996 86.7 87.7 -11.0 1.5 -2.9 -3.2 1.2 01 Meat and meat preparations................. 1.193 96.3 93.8 -1.5 0.1 0.5 -2.1 -2.6 03 Fish, crustaceans, aquatic invertebrates and preparations thereof................ 0.605 95.9 97.0 -1.9 11.4 8.0 -1.2 1.1 04 Cereals and cereal preparations............ 2.155 70.2 73.4 -21.5 -0.4 -9.0 -6.3 4.6 05 Vegetables, fruit and nuts, fresh or dried.......................... 1.461 99.2 99.8 1.6 3.3 0.6 -2.9 0.6 08 Feeding stuff for animals (not including unmilled cereals)............. 0.642 88.4 85.5 -26.5 1.4 -6.0 -2.3 -3.3 09 Miscellaneous edible products and preparations............................ 0.410 106.3 106.3 2.2 0.0 0.0 1.2 0.0 3/ Other food and live animals (9612=100)....... 0.530 96.3 99.2 -4.7 0.2 -1.0 0.5 3.0 1 BEVERAGES AND TOBACCO....................... 1.540 99.7 100.0 -0.8 -0.2 0.1 -0.1 0.3 12 Tobacco and tobacco manufactures........... 1.267 99.4 99.8 -1.0 -0.2 0.0 -0.1 0.4 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS..... 5.228 77.8 75.5 -14.9 0.0 -2.6 -2.6 -3.0 21 Hides, skins and furskins, raw............. 0.283 83.5 80.9 -20.4 -3.5 2.6 -0.5 -3.1 22 Oil seeds and oleaginous fruits............ 1.035 91.8 87.9 -18.8 3.9 -10.6 -3.7 -4.2 24 Cork and wood.............................. 0.883 81.8 81.6 -7.9 0.5 0.0 -0.7 -0.2 25 Pulp and waste paper....................... 0.750 62.7 58.9 -15.1 0.8 0.0 -2.8 -6.1 26 Textile fibers and their waste............. 0.786 76.3 73.7 -11.6 -1.0 -2.0 -0.8 -3.4 27 Crude fertilizers and crude minerals....... 0.343 96.9 95.1 -2.9 0.1 -0.2 0.0 -1.9 28 Metalliferous ores and metal scrap......... 0.746 69.7 67.8 -24.7 -4.7 -0.5 -4.0 -2.7 3/ Other crude materials, inedible, except fuels (9612=100).......................... 0.403 92.2 91.6 -8.8 0.0 0.2 -7.1 -0.7 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS................................ 1.871 93.5 93.8 -16.7 -6.7 -1.7 -1.3 0.3 32 Coal, coke and briquettes.................. 0.700 99.4 99.4 -2.7 -0.2 -0.4 -0.1 0.0 33 Petroleum, petroleum products and related materials....................... 1.026 90.8 91.4 -24.6 -10.9 -2.4 -2.3 0.7 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES.................................... 0.500 102.7 102.7 4.9 -3.2 -1.0 -0.7 0.0 5 CHEMICALS AND RELATED PRODUCTS, N.E.S....... 10.762 91.8 91.6 -4.0 -0.4 -0.1 -0.3 -0.2 51 Organic chemicals.......................... 2.356 75.2 74.8 -10.6 -1.0 -0.4 -1.1 -0.5 52 Inorganic chemicals........................ 0.898 103.2 103.3 4.9 -0.1 0.0 -0.2 0.1 53 Dyeing, tanning and coloring materials..... 0.499 99.6 99.8 -2.8 -0.1 -1.3 0.3 0.2 54 Medicinal and pharmaceutical products...... 1.273 101.6 101.0 0.2 0.0 0.0 0.0 -0.6 55 Essential oils; polishing and cleansing preps................................... 0.780 102.7 102.8 -0.8 0.0 0.0 1.3 0.1 56 Fertilizers (9612=100)..................... 0.596 97.9 97.8 3.3 -0.7 2.7 -0.1 -0.1 57 Plastics in primary forms.................. 1.769 87.6 87.0 -7.3 -0.1 -1.0 -0.3 -0.7 58 Plastics in nonprimary forms............... 0.840 97.3 97.0 -1.7 -0.7 0.4 -0.3 -0.3 59 Chemical materials and products, n.e.s..... 1.752 100.0 100.3 -3.0 -0.2 0.0 -0.4 0.3 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL.............................. 9.893 96.8 96.5 -2.2 -0.4 -0.2 -0.5 -0.3 62 Rubber manufactures, n.e.s................. 0.689 102.2 104.0 1.8 0.3 0.5 -0.5 1.8 63 Cork and wood manufactures other than furniture............................... 0.305 92.7 91.5 0.0 0.2 3.5 -0.2 -1.3 64 Paper, paperboard, and articles of paper pulp, paper or paperboard......... 1.516 81.3 81.1 -4.9 -1.3 -0.6 -1.1 -0.2 65 Textile yarn, fabrics, and made-up articles, n.e.s................. 1.432 101.3 100.3 -2.8 -0.2 -1.1 -0.6 -1.0 66 Nonmetallic mineral manufactures, n.e.s................................... 1.372 106.8 107.1 0.9 -0.1 0.2 0.0 0.3 67 Iron and steel............................. 1.107 99.7 97.8 -5.2 -0.2 -0.2 -0.4 -1.9 68 Nonferrous metals.......................... 1.231 85.6 85.7 -6.7 -0.8 -0.8 -1.3 0.1 69 Manufactures of metals, n.e.s.............. 2.087 106.7 106.6 1.6 -0.1 -0.1 -0.1 -0.1 7 MACHINERY AND TRANSPORT EQUIPMENT........... 51.040 98.2 98.2 -1.8 -0.3 -0.1 -0.1 0.0 71 Power generating machinery and equipment............................... 4.427 107.0 106.9 0.7 -0.3 0.0 0.2 -0.1 72 Machinery specialized for particular industries.............................. 4.863 105.5 105.5 1.0 0.1 0.0 0.2 0.0 73 Metalworking machinery..................... 1.023 108.4 108.7 3.9 0.2 0.0 -0.2 0.3 74 General industrial machinery, equipment, & parts, n.e.s............... 5.220 106.4 106.5 1.0 0.2 0.2 -0.1 0.1 75 Computer equipment and office machines..... 6.074 74.7 74.5 -10.2 -0.7 -0.8 -0.9 -0.3 76 Telecommunications & sound recording & reproducing apparatus & equipment..... 3.866 98.2 97.8 -1.7 -0.6 0.0 0.1 -0.4 77 Electrical machinery and equipment......... 11.585 91.2 91.2 -3.8 -0.9 -0.1 0.0 0.0 78 Road vehicles.............................. 9.362 102.0 102.2 0.4 0.1 0.0 0.0 0.2 8 MISCELLANEOUS MANUFACTURED ARTICLES......... 11.453 100.6 100.7 -1.1 0.0 -0.2 0.0 0.1 82 Furniture and parts thereof................ 0.656 104.1 104.1 0.3 0.3 -0.1 -0.1 0.0 84 Articles of apparel and clothing accessories............................. 1.305 102.5 102.5 -0.8 -0.3 -1.1 0.1 0.0 87 Professional, scientific and controlling instruments and apparatus, n.e.s........ 3.829 103.8 103.9 0.6 0.1 -0.1 0.0 0.1 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s....... 0.913 92.4 93.5 -4.8 -0.9 -0.1 -0.4 1.2 89 Miscellaneous manufactured articles, n.e.s................................... 4.275 98.3 98.2 -2.2 0.1 0.1 0.0 -0.1 3/ Other miscellaneous manufactured articles (9612=100)....................... 0.476 102.3 102.1 1.0 -0.2 0.0 -0.3 -0.2 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for July, August and September 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, October 1997-October 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Oct. June July Aug. Sept. nized Description 1997 1998 1998 1998 1998 System SeptembeSeptember October to to to to to 1998 1998 1998 Oct. July Aug. Sept. Oct. 1/ 2/ 1998 1998 1998 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS............... 1.627 99.4 99.7 -4.6 -2.0 -2.1 0.3 0.3 02 Meat and edible meat offal................... 0.285 96.0 94.3 -5.9 -0.5 -0.1 0.4 -1.8 03 Fish and crustaceans, molluscs and........... other aquatic invertebrates............... 0.962 104.8 105.7 -1.9 -2.1 -2.1 0.4 0.9 3/ Other live animals and animal................ products (9612=100)....................... 0.379 92.2 92.6 -9.8 -3.0 -3.6 0.2 0.4 II VEGETABLE PRODUCTS.......................... 1.653 90.4 93.8 0.5 3.5 -7.2 5.2 3.8 07 Edible vegetables and certain roots and...... tubers.................................... 0.385 134.2 164.5 35.4 31.2 -25.4 23.8 22.6 08 Edible fruit and nuts; peel of citrus........ fruit or melons........................... 0.480 100.4 98.8 2.2 -1.1 -2.6 2.0 -1.6 09 Coffee, tea, mate and spices................. 0.384 74.5 71.6 -17.2 -8.6 6.1 -3.1 -3.9 3/ Other vegetable products..................... 0.404 87.6 87.5 -10.3 -0.4 -6.4 2.7 -0.1 IV PREPARED FOODSTUFFS, BEVERAGES, AND......... TOBACCO................................... 2.180 100.6 100.2 -1.7 -1.2 -0.2 0.2 -0.4 20 Preparations of vegetables, fruit,........... nuts, or other parts of plants............ 0.280 87.8 88.6 -1.0 -0.3 -0.9 -1.0 0.9 22 Beverages, spirits, and vinegar.............. 0.800 104.9 104.1 1.2 0.0 0.4 0.4 -0.8 3/ Other prepared foodstuffs (9612=100)......... 1.101 98.9 98.4 -3.8 -2.1 -0.5 0.4 -0.5 V MINERAL PRODUCTS............................ 7.694 77.6 79.8 -29.1 -4.0 -0.9 2.9 2.8 26 Ores, slag and ash........................... 0.310 101.6 101.5 -1.0 -0.2 -0.2 -0.1 -0.1 27 Mineral fuels, oils and residuals,........... bituminous substances and mineral wax..... 7.148 76.2 78.6 -30.4 -4.2 -0.9 3.1 3.1 VI PRODUCTS OF THE CHEMICAL OR ALLIED.......... INDUSTRIES................................ 5.350 95.1 95.5 -3.1 -0.8 -0.5 -0.4 0.4 28 Inorganic chemicals.......................... 0.850 96.5 97.4 -6.8 -2.1 -1.8 -0.9 0.9 29 Organic chemicals............................ 2.041 91.8 91.9 -4.0 -0.4 -0.1 -0.5 0.1 30 Pharmaceutical products...................... 0.581 100.6 102.4 0.2 -0.5 -0.1 -0.4 1.8 32 Tanning & dyeing extracts; dye &............. pigments; varnish & paints; putty......... 0.298 93.0 94.5 0.9 -0.3 0.1 0.0 1.6 37 Photographic or cinematographic goods........ 0.367 95.7 95.1 -3.2 -0.1 0.0 -0.3 -0.6 38 Miscellaneous chemical products.............. (9612=100)................................ 0.424 94.2 91.6 -6.3 -1.7 -0.3 -0.3 -2.8 3/ Other products of the chemical or............ allied industries (9612=100).............. 0.789 94.8 96.1 0.9 -0.5 -0.7 -0.3 1.4 VII PLASTICS AND ARTICLES THEREOF; RUBBER....... AND ARTICLES THEREOF...................... 2.779 85.9 85.8 -6.1 -1.1 -0.7 -0.5 -0.1 39 Plastics and articles thereof................ 1.740 89.1 88.9 -5.9 -0.9 -0.8 -0.8 -0.2 40 Rubber and articles thereof.................. 1.039 81.2 81.2 -6.3 -1.3 -0.7 0.2 0.0 VIII RAW HIDES, SKINS, LEATHER, FURSKINS,........ TRAVEL GOODS, ETC......................... 1.056 101.9 102.5 -0.8 -0.1 -0.6 -0.1 0.6 42 Articles of leather; travel goods, bags,..... etc. of various materials................. 0.850 100.1 100.7 -0.8 -0.1 -0.8 -0.2 0.6 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET.... AND WICKER................................ 1.675 102.2 98.1 -7.6 3.8 1.6 0.2 -4.0 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER..... AND ARTICLES THEREOF...................... 2.434 82.5 81.7 -4.4 -0.7 -1.0 -0.1 -1.0 47 Pulp wood or other fibrous cellulosic........ material; waste paper/paperboard.......... 0.361 61.5 58.7 -15.9 -1.8 -3.1 -2.7 -4.6 48 Paper and paperboard; articles of paper...... pulp, paper or paperboard................. 1.704 88.0 87.4 -2.5 -0.3 -0.5 0.3 -0.7 49 Printed matter............................... 0.369 98.1 98.9 -0.9 -1.6 -0.6 0.5 0.8 XI TEXTILE AND TEXTILE ARTICLES................ 7.294 100.8 100.8 -1.2 -0.3 0.1 0.1 0.0 61 Articles of apparel and clothing............. accessories, knitted or crocheted......... 2.168 101.4 101.2 -0.3 0.2 0.1 -0.1 -0.2 62 Articles of apparel and clothing............. accessories, not knitted or crocheted..... 3.553 104.1 104.2 0.0 -0.2 0.2 0.3 0.1 63 Made-up or worn textile articles and......... clothing; needlecraft sets; rags.......... 0.348 93.1 93.2 -5.4 -0.2 0.0 -0.4 0.1 3/ Other textile & textile...................... articles (9612=100)....................... 1.225 95.9 95.9 -4.8 -1.5 -0.1 0.0 0.0 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS,....... ARTIFICIAL FLOWERS, ETC................... 2.206 101.2 101.7 0.5 0.2 -0.1 0.1 0.5 64 Footwear, gaiters and the like; parts........ of such articles.......................... 1.894 100.5 101.1 0.3 0.0 -0.1 0.0 0.6 3/ Other footwear, headgear, umbrellas,......... whips, art. flowers, etc. (9612=100)...... 0.312 103.1 103.4 1.4 1.6 0.0 0.0 0.3 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC.... GLASS ETC................................. 1.195 100.4 100.8 -1.3 -0.4 0.2 -0.2 0.4 69 Ceramic products............................. 0.453 97.5 97.8 -1.5 -0.2 0.0 -0.1 0.3 70 Glass and glassware.......................... 0.458 99.3 99.8 -2.2 -0.8 0.4 -0.5 0.5 XIV PEARLS, STONES, PRECIOUS METALS,............ IMITATION JEWELRY, AND COINS.............. 2.330 98.1 98.2 0.2 -1.6 0.3 -0.8 0.1 XV BASE METALS AND ARTICLES OF BASE METAL...... 5.746 87.3 87.2 -8.5 -1.9 -0.6 -0.8 -0.1 72 Iron and steel............................... 1.739 88.7 88.2 -7.3 -2.0 -0.6 -1.3 -0.6 73 Articles of iron or steel.................... 1.327 94.0 94.0 -3.2 -1.1 0.1 0.2 0.0 74 Copper and articles thereof.................. 0.411 71.4 71.7 -10.3 -0.7 0.7 -0.3 0.4 76 Aluminum and articles thereof................ 0.916 82.3 82.8 -11.3 -3.1 -1.1 -0.7 0.6 83 Miscellaneous articles of base metal......... 0.433 100.2 100.1 -1.9 -0.4 -0.1 0.7 -0.1 3/ Miscellaneous nonferrous metals and.......... articles, including scrap (9612=100)...... 0.450 84.4 82.7 -29.7 -5.4 -3.1 -5.7 -2.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV......... IMAGE & SOUND RECORDERS, PARTS, ETC....... 30.184 84.0 83.9 -6.3 -0.7 -0.4 -0.4 -0.1 84 Specialized machinery & computer............. equipment................................. 15.733 84.4 84.1 -6.3 -0.6 -0.4 -0.4 -0.4 85 Electrical machinery and equip, sound........ and TV recorders & reproducers, parts..... 14.451 83.5 83.7 -6.1 -0.9 -0.2 -0.5 0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND............. ASSOCIATED TRANSPORT EQUIPMENT............ 16.803 100.8 101.1 -0.5 -0.2 -0.1 -0.1 0.3 87 Motor vehicles and their parts............... 15.866 100.5 100.8 -0.6 -0.2 -0.2 0.0 0.3 XVII OPTICAL, PHOTO, MEASURING, MEDICAL &........ MUSICAL INSTRUMENTS; & TIMEPIECES......... 3.677 91.5 92.0 -1.8 -0.1 -0.3 -0.2 0.5 90 Optical, photographic, measuring and......... medical instruments....................... 3.133 91.2 91.6 -2.0 -0.3 -0.2 -0.2 0.4 91 Clocks and watches and parts thereof......... 0.396 93.3 94.7 0.2 1.2 -0.2 -1.0 1.5 XX MISCELLANEOUS MANUFACTURED ARTICLES......... 3.855 97.3 97.5 -2.3 -0.1 -0.2 -0.2 0.2 94 Furniture; stuffed furnishings; lamps........ and lighting fittings nes;................ 1.660 97.7 97.9 -2.3 0.0 -0.2 -0.1 0.2 95 Toys, games and sports equipment; parts...... and accessories thereof................... 1.893 97.6 97.7 -2.6 -0.2 -0.2 -0.4 0.1 96 Miscellaneous manufactured articles.......... 0.302 93.3 93.6 -0.4 -0.2 0.0 0.0 0.3 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for July, August and September 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, October 1997-October 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Oct. June July Aug. Sept. nized Description 1997 1998 1998 1998 1998 System SeptembeSeptember October to to to to to 1998 1998 1998 Oct. July Aug. Sept. Oct. 1/ 2/ 1998 1998 1998 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS............... 1.947 93.7 93.9 -3.0 1.9 2.8 -3.5 0.2 02 Meat & edible meat offal..................... 1.101 93.2 90.4 -2.7 -0.5 1.5 -2.3 -3.0 03 Fish and crustaceans, molluscs and........... other aquatic invertebrates............... 0.516 89.6 91.3 -4.0 9.1 6.9 -3.9 1.9 3/ Other live animals and animal................ products (9612=100)....................... 0.330 87.0 94.5 -2.3 0.2 0.4 -6.9 8.6 II VEGETABLE PRODUCTS.......................... 4.489 80.7 81.9 -16.5 1.1 -7.2 -4.6 1.5 07 Edible vegetables and certain roots and...... tubers.................................... 0.321 97.8 100.2 5.6 -0.3 0.8 -7.5 2.5 08 Edible fruit and nuts; peel of citrus........ fruit or melons........................... 0.767 100.5 101.5 0.1 4.7 0.5 -0.3 1.0 10 Cereals...................................... 1.928 67.4 70.9 -23.4 -0.5 -10.0 -6.9 5.2 12 Oilseeds and misc. grains, seeds,............ fruits, plants, straw and fodder.......... 1.228 94.4 90.5 -17.9 2.5 -9.7 -3.5 -4.1 III ANIMAL OR VEGETABLE FATS AND OILS........... 0.545 103.8 103.6 5.2 -2.9 -0.9 -0.5 -0.2 IV PREPARED FOODSTUFFS, BEVERAGES, AND......... TOBACCO................................... 3.441 96.7 96.7 -5.6 0.4 -0.9 -0.5 0.0 20 Preparations of vegetables, fruit,........... nuts, or other parts of plants............ 0.353 95.2 96.0 4.8 2.1 0.3 -0.8 0.8 21 Miscellaneous edible preparations............ 0.381 106.8 106.8 0.6 0.0 -0.3 1.1 0.0 22 Beverages, spirits, and vinegar.............. 0.342 99.1 99.1 -0.5 0.0 0.6 0.0 0.0 23 Residues and waste from the food............. industries; prepared animal feed.......... 0.569 84.4 83.6 -25.5 2.1 -5.3 -3.5 -0.9 24 Tobacco and manufactured tobacco............. substitutes............................... 1.279 99.4 99.8 -1.0 -0.3 0.0 -0.1 0.4 3/ Other prepared foods......................... 0.518 100.3 100.1 -2.2 -0.3 0.0 0.2 -0.2 V MINERAL PRODUCTS............................ 2.436 92.2 91.7 -17.1 -5.7 -1.4 -1.7 -0.5 27 Mineral fuels, oils and residuals,........... bituminous substances and mineral wax..... 1.916 93.9 94.2 -17.4 -6.6 -1.9 -1.5 0.3 VI PRODUCTS OF THE CHEMICAL OR ALLIED.......... INDUSTRIES................................ 8.769 92.5 92.5 -3.9 -0.5 0.0 -0.3 0.0 28 Inorganic chemicals.......................... 0.965 101.9 101.9 0.5 -0.2 0.0 -0.4 0.0 29 Organic chemicals............................ 2.661 78.5 77.9 -10.4 -1.1 -0.3 -0.9 -0.8 30 Pharmaceutical products...................... 0.948 104.1 103.1 2.8 0.1 0.0 0.1 -1.0 31 Fertilizers (9612=100)....................... 0.664 97.9 97.8 3.3 -0.7 2.7 -0.1 -0.1 32 Tanning or dyeing extracts; dyes and......... pigments; paints & varnish; putty;ink..... 0.511 99.7 100.0 -2.3 -0.1 -1.2 0.2 0.3 33 Essential oils and resinoids;................ perfumery, cosmetic or toilet............. 0.554 103.9 104.0 -0.1 0.0 0.0 0.7 0.1 34 Soap; lubricants; waxes, polishing or........ scouring products; candles, pastes........ 0.332 104.8 105.1 2.0 0.3 0.1 2.0 0.3 37 Photographic or cinematographic goods........ 0.386 82.7 85.0 -10.6 -2.0 -0.4 -0.8 2.8 38 Miscellaneous chemical products.............. 1.520 98.7 99.2 -3.6 -0.1 0.2 -0.6 0.5 VII PLASTICS AND ARTICLES THEREOF; RUBBER....... AND ARTICLES THEREOF...................... 4.243 91.4 91.3 -5.4 0.0 -1.9 -0.3 -0.1 39 Plastics and articles thereof................ 3.325 89.8 89.5 -6.8 0.0 -2.6 -0.3 -0.3 40 Rubber and articles thereof.................. 0.918 97.6 98.5 -0.1 0.0 0.5 -0.5 0.9 VIII RAW HIDES, SKINS, LEATHER, FURSKINS,........ TRAVEL GOODS, ETC......................... 0.520 85.8 83.7 -13.9 -2.4 1.4 0.0 -2.4 41 Raw hides and skins (other than.............. furskins) and leather..................... 0.364 80.8 78.0 -18.7 -3.4 2.1 0.0 -3.5 IX WOOD, WOOD CHARCOAL, CORK, STRAW,........... BASKET AND WICKER......................... 1.213 84.7 84.4 -6.0 0.5 0.7 -0.6 -0.4 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER..... AND ARTICLES THEREOF...................... 3.012 76.5 75.4 -5.7 -0.3 -0.5 -1.2 -1.4 47 Pulp wood or other fibrous cellulosic........ material; waste paper/paperboard.......... 0.692 59.9 56.6 -15.4 1.6 -0.5 -3.4 -5.5 48 Paper and paperboard; articles of paper...... pulp, paper or paperboard................. 1.483 81.6 81.5 -4.7 -1.4 -0.7 -1.0 -0.1 49 Printed material............................. 0.838 108.6 108.5 1.7 0.3 -0.2 0.3 -0.1 XI TEXTILE AND TEXTILE ARTICLES................ 3.267 90.8 89.7 -4.7 -0.5 -1.2 -0.3 -1.2 52 Cotton, including yarns and woven............ fabrics thereof........................... 0.698 78.3 75.5 -9.4 -1.2 -2.2 -1.3 -3.6 XIII STONE, PLASTER, CEMENT, ASBESTOS,........... CERAMIC, GLASS ETC........................ 0.880 103.2 103.7 0.8 -0.3 0.0 -0.2 0.5 70 Glass and glassware.......................... 0.508 101.9 102.9 1.5 0.0 0.0 0.1 1.0 XIV PEARLS, STONES, PRECIOUS METALS,............ IMITATION JEWELRY, AND COINS.............. 1.839 91.5 92.0 -5.7 -0.8 -0.5 -2.9 0.5 XV BASE METALS AND ARTICLES OF BASE METALS..... 4.525 90.8 90.2 -5.9 -1.1 -0.4 -0.7 -0.7 72 Iron and steel............................... 0.868 80.6 79.2 -14.8 -2.2 -0.8 -2.7 -1.7 73 Articles of iron or steel.................... 1.337 110.7 109.4 0.7 0.1 -0.2 -0.1 -1.2 74 Copper and articles thereof.................. 0.359 66.3 66.6 -14.4 -1.3 -1.5 -1.6 0.5 76 Aluminum and articles thereof................ 0.833 81.0 81.4 -8.4 -2.8 -0.2 0.1 0.5 82 Tools, implements, cutlery, spoons and....... forks, of base metal; parts thereof....... 0.424 102.7 102.3 -1.0 0.0 -1.2 0.0 -0.4 83 Miscellaneous articles of base metal......... 0.389 100.8 100.8 -0.5 0.0 0.5 0.0 0.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV......... IMAGE AND SOUND RECORDERS, PARTS, ETC..... 36.996 93.5 93.5 -3.2 -0.4 -0.1 -0.2 0.0 84 Specialized machinery & computer............. equipment................................. 20.616 94.6 94.5 -2.9 -0.1 -0.2 -0.2 -0.1 85 Electrical machinery and equip, sound........ & tv recorders & reproducers, parts....... 16.380 92.2 92.1 -3.7 -1.0 0.0 -0.1 -0.1 XVII VEHICLES, AIRCRAFT, VESSELS AND............. ASSOCIATED TRANSPORT EQUIPMENT............ 14.239 105.2 105.4 0.7 0.1 0.0 0.0 0.2 87 Motor vehicles and their parts............... 9.833 102.1 102.4 0.5 0.1 0.0 0.0 0.3 XVII OPTICAL, PHOTO, MEASURING, MEDICAL &........ MUSICAL INSTRUMENTS; & TIMEPIECES......... 5.573 102.2 102.2 0.1 0.1 -0.1 0.2 0.0 XX MISCELLANEOUS MANUFACTURED ARTICLES......... 1.840 102.4 102.4 0.2 0.0 0.0 -0.1 0.0 94 Furniture; stuffed furnishings;.............. lamps and lighting fittings nesoi;........ 0.906 104.3 104.2 0.6 0.2 -0.1 -0.1 -0.1 95 Toys, games and sports equipment; parts...... and accessories thereof................... 0.757 100.9 100.9 0.0 0.0 0.0 0.0 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for July, August and September 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, October 1997-October 1998 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports Oct. June July Aug. Sept. Description 1/ 1997 1998 1998 1998 1998 1995 Sept. Oct. to to to to to 1998 1998 Oct. July Aug. Sept. Oct. 2/ 1998 1998 1998 1998 1998 3/ Developed Countries.......................... 55.6 94.1 94.5 -2.9 -0.3 -0.3 -0.2 0.4 Manufactured Goods......................... 52.2 94.9 95.2 -1.7 -0.4 -0.2 -0.2 0.3 Nonmanufactured Goods...................... 3.1 86.0 87.5 -20.2 0.2 -1.5 0.8 1.7 3/ Developing Countries......................... 42.7 91.5 91.9 -9.9 -1.2 -0.7 0.2 0.4 Manufactured Goods......................... 35.4 93.1 92.9 -6.0 -0.7 -0.2 -0.5 -0.2 Nonmanufactured Goods...................... 7.1 78.8 82.4 -26.6 -4.0 -2.4 4.0 4.6 Canada....................................... 18.9 95.5 95.7 -4.0 0.0 -0.1 -0.4 0.2 Manufactured Goods......................... 16.5 97.0 97.0 -1.4 0.1 0.1 -0.5 0.0 Nonmanufactured Goods...................... 2.2 88.2 90.2 -20.0 0.7 -2.3 -0.1 2.3 4/ European Union............................... 17.0 99.8 100.8 0.2 -0.2 0.0 0.1 1.0 Manufactured Goods......................... 16.4 100.5 101.4 1.0 -0.1 -0.1 0.1 0.9 Nonmanufactured Goods...................... 0.5 82.1 84.9 -21.0 -2.3 3.4 0.0 3.4 5/ Latin America (9712=100).................... 14.1 92.8 93.7 n.a. -0.5 -1.6 0.5 1.0 Manufactured Goods (9712=100)............. 10.4 96.5 96.9 n.a. -0.5 -0.3 -0.5 0.4 Nonmanufactured Goods (9712=100)........... 3.5 82.7 84.6 n.a. -0.6 -6.0 4.9 2.3 Japan........................................ 16.6 87.2 87.1 -5.1 -0.7 -0.3 -0.5 -0.1 6/ Asian Newly Industrialized Countries......... 10.9 85.3 85.0 -9.4 -1.0 -0.1 -0.7 -0.4 1 Regions are not mutually exclusive. 2 Data for July, August and September 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. September 1997-September 1998 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade Sept. Sept. Dec. March June Description (Mil. 1997 1997 1997 1998 1998 of June Sept. to to to to to Dollars) 1998 1998 Sept. Dec. March June Sept. 1998 1997 1998 1998 1998 IMPORT Air Freight 3188 81.5 80.3 -9.4 -2.3 -7.0 1.2 -1.5 Atlantic 1278 87.8 87.4 1.2 4.4 -4.9 2.3 -0.5 Pacific 1674 76.7 74.9 -18.1 -7.4 -9.9 0.5 -2.3 Air Passenger Fares 11127 112.6 112.8 1.2 -6.5 -1.0 9.0 0.2 1/ Atlantic 4922 117.3 119.2 -2.4 -17.8 -1.5 18.6 1.6 1/ Pacific 2340 105.9 99.0 -1.5 5.7 -7.4 7.7 -6.5 1/ Latin American / Caribbean 3021 106.3 109.3 3.2 -0.7 1.6 -0.6 2.8 1/ Crude Oil Tanker Freight 1346 81.6 n.a. n.a. 3.9 -0.1 -14.6 n.a. Ocean Liner Freight 9868 100.8 101.2 6.2 -1.9 -0.1 7.9 0.4 U.S. East Coast 4271 99.2 100.3 2.0 -1.6 -0.2 2.8 1.1 from Atlantic 1952 96.7 97.4 -0.9 -1.6 0.5 -0.5 0.7 from Pacific 1774 101.2 103.1 6.3 -2.3 0.0 6.8 1.9 1/ U.S. West Coast 5596 101.5 101.3 9.6 -1.9 -0.1 12.2 -0.2 EXPORT Air Freight (9612 = 100) 2562 94.5 95.6 -1.0 -3.4 1.7 -0.4 1.2 Air Passenger Fares 17272 95.1 95.4 -4.6 -7.9 2.4 0.8 0.3 1/ Atlantic 4120 110.7 115.2 5.2 -7.4 0.3 8.8 4.1 1/ Pacific 10700 77.7 76.4 -11.6 -9.6 1.9 -2.4 -1.7 Latin American / Caribbean 1392 109.0 113.2 5.3 -0.9 0.8 1.6 3.9 Canadian 1006 160.2 154.9 -1.7 -6.7 13.0 -3.6 -3.3 1 Detailed data available upon request. n.a. Not available. Table 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. September 1997-September 1998 1995 = 100 Index Percent Change Annual Quarterly Trade Sept. Sept. Dec. March June Description (Mil. 1997 1997 1997 1998 1998 of June Sept. to to to to to Dollars) 1998 1998 Sept. Dec. March June Sept. 1998 1997 1998 1998 1998 Air Freight (Inbound) 5495 83.4 81.8 -7.6 -2.3 -4.2 0.6 -1.9 Atlantic 1880 88.4 88.0 2.8 4.7 -4.7 3.5 -0.5 Pacific 3151 80.3 77.9 -14.4 -6.7 -4.2 -1.2 -3.0 Air Freight (Outbound) 5835 96.0 95.8 -3.8 -1.9 -0.5 -1.2 -0.2 Atlantic 2080 102.2 103.3 2.2 0.0 -0.1 1.2 1.1 Pacific 3222 92.4 91.4 -8.3 -3.4 -0.8 -3.2 -1.1 Air Passenger Fares (U.S. Carrier) 30673 107.8 107.3 -1.7 -8.9 -0.2 8.6 -0.5 1/ Atlantic 8811 116.8 120.4 1.2 -17.8 -3.7 24.0 3.1 1/ Pacific 15900 93.6 89.5 -6.7 -5.9 -0.3 4.1 -4.4 1/ Latin American / Caribbean 4542 111.6 117.2 6.1 -1.2 1.5 0.7 5.0 Canadian 1367 167.9 162.6 0.2 -5.0 12.7 -3.3 -3.2 Air Passenger Fares (Foreign Carrier) 31694 102.4 104.2 -0.4 -4.7 -2.1 4.9 1.8 1/ Atlantic 13572 111.9 118.3 6.0 -9.9 -1.7 13.3 5.7 1/ Pacific 12570 82.8 79.7 -12.4 -2.0 -5.0 -2.2 -3.7 1/ Latin American / Caribbean 4224 105.1 107.7 3.2 0.4 0.5 -0.2 2.5 1/ Crude Oil Tanker Freight (Inbound) 1949 87.4 n.a. n.a. 5.5 0.3 -15.6 n.a. Ocean Liner Freight (Inbound) 12253 103.2 105.0 10.6 -2.1 0.1 11.0 1.7 U.S. East Coast 5410 97.5 98.4 1.4 -1.3 -0.3 2.2 0.9 from Atlantic 2647 94.8 95.4 -0.6 -1.3 0.4 -0.4 0.6 from Pacific 1874 98.8 100.6 5.7 -2.2 0.0 6.1 1.8 1/ U.S. West Coast 6844 107.3 109.7 18.2 -2.8 0.4 18.4 2.2 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. 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