Technical Information David Mead (202) 606-7154 USDL-97-412 Jim Thomas (202) 606-7155 For release: 10:00 A.M. E.S.T. Media contact: Wednesday, November 19, 1997 Kathryn Hoyle (202) 606-5902 Internet Address: http://stats.bls.gov/ipphome.htm U.S. IMPORT AND EXPORT PRICE INDEXES -OCTOBER 1997- Led by increasing petroleum prices, the U.S. Import Price Index rose 0.1 percent in October, the Bureau of Labor Statistics of the U.S. Department of Labor reported. The increase occurred despite a continued decline in prices for nonpetroleum imports. The Export Price Index decreased 0.3 percent in October after a decline of 0.4 in September. Percent changes in import and export price indexes by End Use category - not seasonally adjusted - IMPORTS EXPORTS Month All Petroleum Non- All Agri- Nonagri- Imports Imports Petroleum Exports cultural cultural Imports Exports 1996 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 -0.4 0.0 May 0.0 1.1 -0.1 -0.3 -1.2 0.0 June -0.1 -2.0 0.1 -0.1 -2.0 0.1 July -0.2 -1.3r -0.2 0.0r -1.1r 0.0 August -0.1 2.3r -0.3r 0.0r 0.1r 0.0 September -0.1 -0.5r -0.1r -0.4 -0.1 -0.3r October 0.1 5.0 -0.3 -0.3 -1.7 -0.2 October 1995-96 2.0 39.2 -1.6 -0.9 -0.9 -0.9 October 1996-97 -3.8 -17.2 -2.3 -1.1 -5.8 -0.4 r = revised to reflect late reports and corrections by respondents. Import Goods Import prices rose 0.1 percent last month, but were down 3.8 percent over the year ended in October. A 5.0 percent increase in imported petroleum prices more than offset a continued decline in nonpetroleum imports, down 0.3 percent in October. Despite the October rise, petroleum prices were down 17.2 percent over the past 12 months. The price index for nonpetroleum imports has fallen in 10 of the past 12 months and was down 2.3 percent for the year ended in October. Prices for imported capital goods continued a two-year decline in October, falling 0.8 percent. Led by an ongoing drop in computer prices, the index for capital goods has fallen 7.1 percent during the past year, following a drop of 2.8 percent during the previous 12-month period. The import price indexes for nonpetroleum industrial supplies and materials and for foods, feeds, and beverages also fell in October, down 0.5 percent and 0.7 percent, respectively. The price indexes for imported consumer goods and automotive vehicles both rose 0.2 percent last month. Imported consumer goods prices rose after declines of 0.2 percent in each of the past two months and were down 0.8 percent for the October 1996-97 period. In contrast, the increase for automotive vehicles marked the fifth consecutive monthly advance in this component. For the 12 months ended in October, the index was up just 0.6 percent. Export Goods The price index of all exports declined 0.3 percent last month, the seventh consecutive month that export prices were either down or unchanged. For the year ended in October, the index decreased 1.1 percent. Prices for both agricultural and nonagricultural exports contributed to the October decline in overall export prices. Agricultural export prices fell 1.7 percent on average in October and were down 5.8 percent over the past 12 months. The index of nonagricultural prices fell 0.2 percent after a decline of 0.3 percent in September. In the October 1996-97 period, the index declined 0.4 percent. Contributing to the decline in nonagricultural exports was the third consecutive monthly drop of 0.4 percent in the export price index for nonagricultural industrial supplies and materials. Capital goods export prices also declined in October, falling 0.1 percent after a 0.7 percent drop in September. Over the last 12 months, the index was down 1.2 percent. In contrast, the export price indexes of consumer goods and automotive vehicles each increased a modest 0.1 percent last month. For the year ended in October, the price indexes for consumer exports and automotive vehicles have posted similar increases, up 0.9 percent and 1.0 percent, respectively. Imports by Locality of Origin Import prices from Japan fell 0.6 percent in October, attributable in part to the declining value of the Japanese yen. (See table 7.) For the year ended in October, the index was down 5.0 percent. The price index for imports from Canada fell 0.1 percent in October after rising 0.4 and 0.3 percent over the previous two months. Over the October 1996-97 period, the index is down 0.9 percent. Prices for imports from the Asian Newly Industrialized Countries were unchanged in October after falling 0.8 percent in the previous month. For the year ended in October, the index fell 4.0 percent. The price index of imports from the European Union rose 0.4 percent on average in October, following a 0.6 percent decline in September. Over the past 12 months, however, the index was down 2.4 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 November are scheduled for release on December 11 at 10:00 a.m. (EST). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, October 1996-October 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. END Description 1996 1997 1997 1997 1997 USE September September October to to to to to 1997 1997 1997 Oct. July Aug. Sept. Oct. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 97.8 97.9 -3.8 -0.2 -0.1 -0.1 0.1 ALL IMPORTS EXCLUDING PETROLEUM 91.612 96.7 96.4 -2.3 -0.2 -0.3 -0.1 -0.3 0 FOODS, FEEDS, & BEVERAGES 4.775 99.6 98.9 0.5 -2.5 -0.2 0.4 -0.7 00 Agricultural foods, feeds & beverages, excluding distilled beverages 3.417 97.9 96.4 -1.9 -3.8 -0.2 0.6 -1.5 01 Nonagricultural foods (fish, distilled beverages) 1.358 104.1 105.3 6.9 1.1 -0.1 0.0 1.2 1 INDUSTRIAL SUPPLIES & MATERIALS 27.071 100.9 102.1 -6.3 -0.3 0.7 0.1 1.2 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.683 98.4 97.9 0.3 0.2 -0.1 0.4 -0.5 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.918 99.9 98.7 0.9 -0.2 -0.4 0.4 -1.2 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.765 96.6 96.9 -0.4 0.6 0.1 0.4 0.3 10 Fuels & lubricants 9.567 106.5 112.0 -15.0 -0.3 1.9 -0.1 5.2 100 Petroleum & petroleum products 8.388 105.0 110.3 -17.2 -1.3 2.3 -0.5 5.0 10000 Crude 6.628 104.5 110.6 -18.4 -0.8 2.4 -0.9 5.8 11 Paper & paper base stocks 1.815 83.4 83.8 0.0 0.2 0.7 0.8 0.5 12 Materials associated with nondurable supplies & materials 5.977 95.4 94.6 -3.1 -0.3 0.1 -0.2 -0.8 13 Selected building materials 2.180 111.6 107.5 -2.2 0.4 -1.0 -0.1 -3.7 14 Unfinished metals associated with durable goods 4.626 98.4 97.4 5.2 -0.6 -0.1 1.1 -1.0 15 Finished metals associated with durable goods 1.442 96.3 96.9 -2.5 0.0 -0.3 0.0 0.6 16 Nonmetals associated with durable goods 1.464 94.3 94.6 -3.3 -0.1 -0.5 -0.8 0.3 2 CAPITAL GOODS 28.385 90.5 89.8 -7.1 -0.4 -0.8 -0.5 -0.8 20 Electric & electrical generating equipment 3.335 96.7 96.6 -2.7 -0.2 0.2 -0.4 -0.1 21 Nonelectrical machinery 23.362 88.3 87.4 -8.5 -0.4 -1.0 -0.6 -1.0 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 17.749 101.1 101.3 0.6 0.1 0.1 0.1 0.2 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 22.020 99.2 99.4 -0.8 0.1 -0.2 -0.2 0.2 40 Nondurables, manufactured 10.874 100.9 101.1 0.4 -0.1 0.1 -0.1 0.2 41 Durables, manufactured 10.060 97.4 97.4 -2.4 0.0 -0.3 -0.4 0.0 42 Nonmanufactured consumer goods 1.086 99.9 101.4 1.6 0.7 0.0 0.1 1.5 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for July, August and September 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, October 1996-October 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. END Description 1996 1997 1997 1997 1997 USE September September October to to to to to 1997 1997 1997 Oct. July Aug. Sept. Oct. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.9 98.6 -1.1 0.0 0.0 -0.4 -0.3 AGRICULTURAL COMMODITIES 10.529 100.2 98.5 -5.8 -1.1 0.1 -0.1 -1.7 NONAGRICULTURAL COMMODITIES 89.472 98.8 98.6 -0.4 0.0 0.0 -0.3 -0.2 0 FOODS, FEEDS, & BEVERAGES 9.530 101.8 99.8 -5.8 -1.1 0.6 0.0 -2.0 00 Agricultural foods, feeds & beverages, excluding distilled beverages 8.751 102.2 100.1 -6.6 -1.3 0.1 -0.3 -2.1 01 Nonagricultural foods (fish, distilled beverages) 0.779 98.6 98.0 2.9 1.6 8.2 2.4 -0.6 1 INDUSTRIAL SUPPLIES & MATERIALS 25.360 95.1 94.7 -0.6 0.3 -0.4 -0.3 -0.4 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.853 95.9 94.8 -1.0 0.3 -0.5 -0.4 -1.1 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 15.508 94.7 94.7 -0.3 0.3 -0.2 -0.2 0.0 10 Agricultural industrial supplies & materials 1.778 93.0 93.1 -2.7 0.7 0.1 0.8 0.1 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 23.583 95.3 94.9 -0.4 0.3 -0.4 -0.4 -0.4 11 Fuels & lubricants 2.444 110.9 111.1 -2.5 0.1 0.3 0.5 0.2 12 Nonagricultural supplies & materials excluding fuels & building materials 19.594 92.8 92.4 0.2 0.3 -0.4 -0.4 -0.4 13 Selected building materials 1.545 93.3 91.7 -5.6 -0.1 -0.6 -0.9 -1.7 2 CAPITAL GOODS 43.700 99.4 99.3 -1.2 -0.2 0.1 -0.7 -0.1 20 Electric & electrical generating Equipment 4.405 101.8 101.9 1.3 0.1 1.0 -0.4 0.1 21 Nonelectrical machinery 33.947 96.7 96.5 -2.4 -0.2 0.0 -0.8 -0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 9.629 102.2 102.3 1.0 0.2 0.0 -0.1 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 11.781 102.4 102.5 0.9 0.2 0.0 0.2 0.1 40 Nondurables, manufactured 6.195 101.8 101.8 0.3 0.2 0.0 0.1 0.0 41 Durables, manufactured 5.024 101.9 102.2 0.9 0.0 0.1 -0.2 0.3 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for July, August and September 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, October 1996-October 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. SITC Description 1996 1997 1997 1997 1997 Rev. 3 September September October to to to to to 1997 1997 1997 Oct. July Aug. Sept. Oct. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 97.8 97.9 -3.8 -0.2 -0.1 -0.1 0.1 0 FOOD AND LIVE ANIMALS 4.117 101.3 100.5 3.2 -3.1 0.4 0.4 -0.8 01 Meat and meat preparations 0.357 103.9 102.7 0.1 0.0 2.3 -0.3 -1.2 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 1.031 104.5 107.4 10.7 0.8 0.2 -0.1 2.8 05 Vegetables and fruit, prepared fresh or dried 1.088 103.4 103.4 -5.8 -0.5 2.0 0.2 0.0 07 Coffee, tea, cocoa, spices and manufactures thereof 0.700 100.0 92.2 19.1 -15.9 -2.1 2.6 -7.8 3/ Other food and live animals (9612=100) 0.941 100.0 99.9 n.a. -0.4 0.3 -0.3 -0.1 1 BEVERAGES AND TOBACCO 0.844 107.8 107.9 2.9 0.2 0.0 0.1 0.1 11 Beverages 0.710 104.3 104.4 1.9 0.2 0.0 0.1 0.1 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 2.986 96.6 94.7 -0.7 -0.1 -0.5 -0.2 -2.0 23 Crude rubber (including synthetic and reclaimed) 0.248 74.5 72.4 -13.3 -7.4 -0.6 -3.5 -2.8 24 Cork and wood 1.106 121.2 112.9 -5.0 0.7 -1.9 0.2 -6.8 25 Pulp and waste paper 0.379 68.2 69.0 1.9 1.1 2.1 0.4 1.2 28 Metalliferous ores and metal scrap 0.639 104.3 103.6 6.6 -1.1 0.1 -0.4 -0.7 29 Crude animal and vegetable materials, n.e.s. (9612=100) 0.266 103.1 113.2 n.a. 4.9 -0.3 1.3 9.8 3/ Other crude materials, inedible, except fuels (9612=100) 0.348 96.8 96.6 n.a. 0.4 0.2 -1.0 -0.2 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 9.249 106.3 111.8 -15.2 -0.2 1.7 0.1 5.2 33 Petroleum, petroleum products and related materials 7.983 104.7 110.1 -17.2 -1.0 1.9 -0.3 5.2 34 Gas, natural and manufactured 1.143 123.7 131.1 6.2 5.7 -0.1 3.3 6.0 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 5.580 96.2 95.6 -3.5 -0.2 0.2 -0.2 -0.6 51 Organic chemicals 1.609 97.1 95.5 -2.7 0.4 1.2 -0.3 -1.6 52 Inorganic chemicals 0.681 99.7 99.8 -3.5 -1.1 0.7 1.1 0.1 53 Dyeing, tanning and coloring materials 0.279 94.0 94.2 -7.0 -0.2 -2.4 -1.5 0.2 54 Medicinal and pharmaceutical products 0.904 95.8 96.0 -4.1 0.0 -0.1 -0.4 0.2 55 Essential oils; polishing and cleansing preps 0.319 96.9 97.3 -3.9 -0.1 0.9 -0.9 0.4 57 Plastics in primary forms 0.369 92.6 92.2 -1.3 0.1 0.2 0.8 -0.4 58 Plastics in nonprimary forms 0.551 86.9 86.0 -1.4 0.1 -1.5 -0.6 -1.0 59 Chemical materials and products, n.e.s. 0.655 103.2 102.7 -4.6 -0.3 0.1 -0.1 -0.5 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 12.613 96.8 96.7 0.7 -0.2 -0.1 0.3 -0.1 62 Rubber manufactures, n.e.s. 0.715 95.1 95.3 -4.0 -0.9 -0.9 -0.7 0.2 63 Cork and wood manufactures other than furniture 0.560 99.4 99.9 n.a. 0.2 0.7 -0.5 0.5 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.612 88.8 89.0 -0.6 0.1 0.5 0.9 0.2 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.415 100.0 100.1 -0.1 -0.4 -0.3 0.2 0.1 66 Nonmetallic mineral manufactures, n.e.s. 2.131 102.1 102.1 -0.1 0.4 -0.5 -0.4 0.0 67 Iron and steel 2.042 96.3 96.3 -1.5 0.1 -0.1 0.0 0.0 68 Nonferrous metals 2.004 96.9 95.2 12.0 -1.2 0.6 2.4 -1.8 69 Manufactures of metals, n.e.s. 1.967 98.1 98.5 -2.4 -0.2 -0.5 -0.2 0.4 7 MACHINERY AND TRANSPORT EQUIPMENT 46.731 94.7 94.5 -4.0 -0.3 -0.4 -0.3 -0.2 71 Power generating machinery and equipment (9612=100) 2.974 98.8 98.8 n.a. 0.1 -0.3 -0.2 0.0 72 Machinery specialized for particular industries 2.672 98.5 98.6 -2.6 0.0 -0.7 -0.1 0.1 73 Metalworking machinery 0.816 97.3 97.8 -3.6 -0.3 0.0 -0.7 0.5 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.405 97.2 97.5 -3.7 -0.1 -0.6 -0.4 0.3 75 Computer equipment and office machines 7.049 78.1 77.0 -13.9 -1.2 -1.6 -1.0 -1.4 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.553 92.6 92.2 -4.3 -0.1 -0.4 -0.3 -0.4 77 Electrical machinery and equipment 9.595 89.1 88.7 -5.8 -0.6 -0.1 -0.6 -0.4 78 Road vehicles 14.622 101.2 101.4 0.5 0.1 0.2 0.1 0.2 8 MISCELLANEOUS MANUFACTURED ARTICLES 17.447 99.9 100.1 -0.5 0.0 0.0 -0.3 0.2 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s. 0.380 95.2 95.9 -5.0 -0.1 -0.6 -0.3 0.7 82 Furniture and parts thereof 1.257 102.4 103.0 2.3 0.1 -0.1 -0.5 0.6 83 Travel goods, handbags and similar containers 0.503 101.0 100.9 -0.3 0.1 -0.1 -0.2 -0.1 84 Articles of apparel and clothing accessories 5.849 103.0 103.3 2.3 -0.1 0.2 0.3 0.3 85 Footwear 1.765 100.7 100.9 0.1 0.1 -0.1 -0.4 0.2 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.591 96.9 96.8 -3.1 0.2 -0.1 -0.3 -0.1 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.337 93.6 93.4 -4.3 0.7 -0.7 -0.8 -0.2 89 Miscellaneous manufactured articles, n.e.s. 4.764 98.8 98.7 -2.2 0.0 -0.2 -0.4 -0.1 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for July, August and September 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, October 1996-October 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. SITC Description 1996 1997 1997 1997 1997 Rev. 3 September September October to to to to to 1997 1997 1997 Oct. July Aug. Sept. Oct. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.9 98.6 -1.1 0.0 0.0 -0.4 -0.3 0 FOOD AND LIVE ANIMALS 7.707 99.5 98.4 -6.8 -0.7 1.9 -0.2 -1.1 01 Meat and meat preparations 1.133 95.2 95.1 -3.8 0.4 0.5 -1.0 -0.1 03 Fish, crustaceans, aquatic invertebrates and preparations 0.602 99.4 98.6 5.0 1.5 11.2 3.2 -0.8 04 Cereals and cereal preparations 2.801 95.0 93.5 -10.6 -2.6 3.7 1.9 -1.6 05 Vegetables, fruit and nuts, fresh or dried 1.382 97.7 98.2 -9.9 2.7 -0.9 -5.5 0.5 08 Feeding stuff for animals (not including unmilled cereals) 0.843 120.8 116.8 -5.8 -5.4 -0.3 0.8 -3.3 09 Miscellaneous edible products and preparations 0.389 105.0 104.0 n.a. 0.1 0.0 1.4 -1.0 3/ Other food and live animals (9612=100) 0.557 105.2 102.8 n.a. 2.0 0.9 -1.3 -2.3 1 BEVERAGES AND TOBACCO 1.499 101.0 100.8 0.4 0.4 -0.4 0.2 -0.2 12 Tobacco and tobacco manufactures 1.236 101.0 100.8 n.a. 0.4 -0.5 0.2 -0.2 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 5.914 91.7 88.9 -0.7 0.2 -0.9 -1.2 -3.1 21 Hides, skins and furskins, raw 0.325 100.1 101.6 -13.5 -4.8 2.4 1.8 1.5 22 Oil seeds and oleaginous fruits 1.302 120.2 108.3 -4.9 -4.5 -6.3 -0.2 -9.9 24 Cork and wood 0.950 91.7 89.4 -7.5 -0.4 0.1 -1.3 -2.5 25 Pulp and waste paper 0.783 68.2 69.3 17.7 4.9 3.3 -4.5 1.6 26 Textile fibers and their waste 0.828 83.7 83.4 -2.5 1.0 0.2 -0.8 -0.4 27 Crude fertilizers and crude minerals 0.333 97.9 97.9 0.9 0.1 0.0 0.0 0.0 28 Metalliferous ores and metal scrap 0.971 94.4 90.1 4.2 4.4 0.6 -2.0 -4.6 3/ Other crude materials, inedible, except fuels (9612=100) 0.422 100.6 100.5 n.a. 2.4 -1.5 1.0 -0.1 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 2.150 111.8 112.3 -3.5 0.0 0.3 0.5 0.4 32 Coal, coke and briquettes 0.689 101.9 102.3 0.8 -0.4 0.0 0.3 0.4 33 Petroleum, petroleum products and related materials 1.323 121.8 121.3 -5.3 1.3 0.3 0.4 -0.4 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.444 94.9 97.9 0.6 -1.5 0.0 1.7 3.2 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 10.745 95.5 95.5 -0.9 -0.1 -0.9 0.0 0.0 51 Organic chemicals 2.518 83.7 83.8 -1.6 0.0 -0.8 -0.6 0.1 52 Inorganic chemicals 0.825 98.7 98.8 -2.6 0.8 -2.3 0.8 0.1 53 Dyeing, tanning and coloring materials 0.494 102.7 102.7 0.5 0.1 -0.3 0.9 0.0 54 Medicinal and pharmaceutical products 1.217 101.2 101.5 -0.2 -0.4 0.0 0.1 0.3 55 Essential oils; polishing and cleansing preps 0.757 103.7 103.3 1.6 0.2 -0.5 1.1 -0.4 56 Fertilizers (9612=100) 0.555 95.0 94.7 n.a. 0.7 -2.3 0.4 -0.3 57 Plastics in primary forms 1.815 93.6 93.7 -2.0 -1.2 -2.0 -0.4 0.1 58 Plastics in nonprimary forms 0.820 98.9 98.7 1.0 -0.1 0.0 -0.1 -0.2 59 Chemical materials and products, n.e.s. 1.744 103.6 103.4 0.4 0.0 0.1 -0.4 -0.2 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.685 98.7 98.6 2.0 0.3 0.1 0.1 -0.1 62 Rubber manufactures, n.e.s. 0.660 101.9 102.2 -0.6 -0.1 -0.9 -0.3 0.3 63 Cork and wood manufactures other than furniture 0.288 91.3 91.5 1.2 0.8 -0.8 0.6 0.2 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.521 85.0 85.3 -0.7 1.1 1.1 -0.4 0.4 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.402 103.3 103.2 n.a. -0.7 0.6 0.1 -0.1 66 Nonmetallic mineral manufactures, n.e.s. 1.311 106.3 106.3 3.0 0.2 0.1 1.6 0.0 67 Iron and steel 1.097 102.9 102.7 n.a. 0.1 0.1 -0.1 -0.2 68 Nonferrous metals 1.289 93.3 92.1 5.6 -0.9 0.9 -0.1 -1.3 69 Manufactures of metals, n.e.s. 1.959 104.3 104.2 2.7 1.0 -0.6 -0.5 -0.1 7 MACHINERY AND TRANSPORT EQUIPMENT 49.971 100.1 100.1 -0.4 -0.1 0.1 -0.5 0.0 71 Power generating machinery and equipment 4.222 106.2 106.2 2.0 -0.1 0.3 0.0 0.0 72 Machinery specialized for particular industries 4.628 104.5 104.5 1.4 -0.1 0.3 0.1 0.0 73 Metalworking machinery 0.945 104.4 104.4 2.2 0.1 -0.1 0.1 0.0 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 4.960 105.2 105.5 2.4 -0.2 0.3 -0.1 0.3 75 Computer equipment and office machines 6.533 83.7 83.2 -7.5 -0.8 0.1 -0.5 -0.6 76 Telecommunications & sound recording & reproducing apparatus & equipment 3.750 99.2 99.4 -0.9 0.1 0.0 -0.5 0.2 77 Electrical machinery and equipment 11.594 95.0 94.6 -3.0 0.0 0.2 -1.8 -0.4 78 Road vehicles 8.980 101.8 102.0 0.8 0.2 -0.1 -0.1 0.2 8 MISCELLANEOUS MANUFACTURED ARTICLES 11.098 101.5 101.4 0.5 0.1 0.0 -0.3 -0.1 82 Furniture and parts thereof 0.626 103.5 103.8 1.5 -0.1 0.1 -0.1 0.3 84 Articles of apparel and clothing accessories 1.240 101.4 101.4 n.a. 0.5 -0.2 -0.2 0.0 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.659 103.3 103.2 1.3 0.1 0.0 -0.2 -0.1 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s. 0.936 98.6 98.2 n.a. 0.6 -0.6 -0.4 -0.4 89 Miscellaneous manufactured articles, n.e.s. 4.186 100.2 100.1 -0.3 -0.1 0.1 -0.4 -0.1 3/ Other miscellaneous manufactured articles (9612=100) 0.452 101.1 101.1 n.a. 0.0 0.1 0.1 0.0 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for July, August and September 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, October 1996-October 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Oct. June July Aug. Sept. nized Description 1996 1997 1997 1997 1997 System September September October to to to to to 1997 1997 1997 Oct. July Aug. Sept. Oct. 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.578 103.0 104.5 8.4 1.0 0.7 0.1 1.5 02 Meat and edible meat offal 0.282 101.4 100.2 5.3 1.6 2.5 1.4 -1.2 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.899 104.6 107.8 12.1 0.6 0.6 -0.4 3.1 3/ Other live animals and animal products (9612=100) 0.397 103.0 102.7 n.a. 1.6 -0.4 0.3 -0.3 II VEGETABLE PRODUCTS 1.623 94.8 93.5 5.2 -4.1 2.4 0.3 -1.4 07 Edible vegetables and certain roots and tubers 0.324 n.a. 121.5 -3.1 n.a. n.a. n.a. n.a. 08 Edible fruit and nuts; peel of citrus fruit or melons 0.436 97.5 97.1 0.9 -1.1 -2.8 -0.4 -0.4 09 Coffee, tea, mate and spices 0.450 93.2 86.9 21.9 -12.5 0.0 2.0 -6.8 3/ Other vegetable products 0.413 95.8 97.5 6.0 -0.2 3.1 -0.8 1.8 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 2.063 101.7 101.9 -1.5 0.5 -0.2 -0.3 0.2 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.270 90.6 89.5 -15.8 -0.3 -1.0 -0.5 -1.2 22 Beverages, spirits, and vinegar 0.737 103.2 102.9 0.2 0.1 0.4 -0.4 -0.3 3/ Other prepared foodstuffs (9612=100) 1.056 101.3 102.4 n.a. 0.9 -0.4 -0.2 1.1 V MINERAL PRODUCTS 9.840 105.9 111.3 -14.8 -0.1 1.5 0.1 5.1 26 Ores, slag and ash 0.293 102.5 102.6 3.2 -0.6 -0.3 -0.1 0.1 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 9.317 106.0 111.7 -15.6 -0.1 1.6 0.1 5.4 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 5.217 99.0 98.6 -3.0 -0.3 0.2 -0.4 -0.4 28 Inorganic chemicals 0.865 104.9 104.5 0.2 -1.3 0.7 1.5 -0.4 29 Organic chemicals 2.008 96.5 95.7 -3.3 -0.1 0.7 -0.4 -0.8 30 Pharmaceutical products 0.553 102.3 102.1 -2.8 0.4 -0.2 -0.5 -0.2 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.280 93.5 93.7 -7.2 -0.3 -1.6 -2.1 0.2 37 Photographic or cinematographic goods 0.354 98.4 98.2 -1.1 0.2 -1.0 -0.1 -0.2 38 Miscellaneaous chemical products (9612=100) 0.411 97.5 97.9 n.a. -0.1 0.0 -0.9 0.4 3/ Other products of the chemical or allied industries (9612=100) 0.745 95.7 95.2 n.a. -1.0 0.2 -1.2 -0.5 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.777 91.7 91.4 -3.1 -1.0 -0.6 -0.5 -0.3 39 Plastics and articles thereof 1.735 94.9 94.6 -0.5 0.2 -0.5 -0.2 -0.3 40 Rubber and articles thereof 1.042 86.9 86.7 -7.0 -2.5 -1.0 -1.0 -0.2 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 1.001 103.2 103.3 1.2 0.2 0.1 -0.6 0.1 42 Articles of leather; travel goods, bags, etc. of various materials 0.842 101.4 101.4 0.3 -0.1 -0.1 -0.4 0.0 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.709 111.3 106.1 -4.1 0.4 -1.1 0.2 -4.7 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.353 85.2 85.6 -0.7 0.4 0.4 0.5 0.5 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.380 69.0 69.8 1.6 1.1 2.2 0.3 1.2 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.624 89.5 89.7 -0.9 0.0 0.5 0.7 0.2 49 Printed matter 0.349 99.3 99.8 -2.8 0.7 -1.6 -0.9 0.5 XI TEXTILE AND TEXTILE ARTICLES 6.909 102.0 102.2 1.9 -0.1 0.2 0.4 0.2 61 Articles of apparel and clothing accessories, knitted or crocheted 2.021 101.0 101.7 0.1 -0.6 0.2 0.1 0.7 62 Articles of apparel and clothing accessories, not knitted or crocheted 3.340 104.5 104.5 3.5 0.2 0.3 0.5 0.0 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.345 98.6 98.5 -1.2 0.1 -0.4 1.5 -0.1 3/ Other textile & textile articles (9612=100) 1.203 100.6 100.7 n.a. -0.2 -0.3 0.6 0.1 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 2.061 100.9 101.2 0.3 0.1 0.0 -0.5 0.3 64 Footwear, gaiters and the like; parts of such articles 1.773 100.5 100.7 0.0 0.2 -0.2 -0.4 0.2 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 0.288 101.9 102.1 n.a. -0.1 0.8 -0.4 0.2 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.134 101.8 102.0 -0.6 0.4 -0.5 -0.6 0.2 69 Ceramic products 0.431 99.2 99.1 n.a. 0.3 -0.8 0.4 -0.1 70 Glass and glassware 0.438 101.5 102.0 -0.9 0.0 -0.2 -1.6 0.5 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 2.181 98.2 98.0 -0.5 0.4 -0.6 0.1 -0.2 XV BASE METALS AND ARTICLES OF BASE METAL 5.903 95.7 95.4 1.4 -0.8 -0.1 0.5 -0.3 72 Iron and steel 1.750 95.4 95.3 -1.0 0.0 -0.1 0.0 -0.1 73 Articles of iron or steel 1.280 96.8 97.1 -3.7 -0.2 -0.3 -0.1 0.3 74 Copper and articles thereof 0.448 83.3 79.9 4.3 1.2 -3.4 -1.5 -4.1 76 Aluminum and articles thereof 0.988 94.8 93.6 7.5 -2.3 0.4 2.8 -1.3 83 Miscellaneous articles of base metal 0.412 101.8 102.0 -0.8 0.0 -0.2 -0.3 0.2 3/ Miscellaneous nonferrous metals and articles, including scrap (9612=100) 0.581 116.4 117.8 n.a. -4.5 3.4 2.2 1.2 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 30.383 90.3 89.5 -7.1 -0.4 -0.7 -0.7 -0.9 84 Specialized machinery & computer equipment 15.890 91.1 89.8 -7.7 -0.4 -1.0 -0.8 -1.4 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 14.493 89.5 89.1 -6.3 -0.6 -0.2 -0.4 -0.4 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 15.812 101.3 101.4 0.3 0.1 0.1 0.1 0.1 87 Motor vehicles and their parts 14.936 101.0 101.2 0.3 0.1 0.2 0.0 0.2 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 3.522 93.6 94.0 -4.2 0.1 -0.2 -0.5 0.4 90 Optical, photographic, measuring and medical instruments 3.006 93.5 93.8 -4.1 0.0 -0.3 -0.4 0.3 91 Clocks and watches and parts thereof 0.374 94.1 94.5 -5.4 1.0 -0.6 -0.6 0.4 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.693 99.6 99.8 -0.5 0.2 -0.2 -0.3 0.2 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.585 99.7 100.2 0.7 0.1 -0.2 -0.5 0.5 95 Toys, games and sports equipment; parts and accessories thereof 1.827 100.6 100.3 -1.3 0.3 -0.1 -0.1 -0.3 96 Miscellaneous manufactured articles 0.281 92.8 94.2 -2.1 0.0 -1.2 -0.7 1.5 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for July, August and September 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, October 1996-October 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Oct. June July Aug. Sept. nized Description 1996 1997 1997 1997 1997 System September September October to to to to to 1997 1997 1997 Oct. July Aug. Sept. Oct. 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.940 97.5 96.5 -2.4 1.0 2.7 0.1 -1.0 02 Meat & edible meat offal 1.054 93.2 92.9 -3.9 0.3 0.5 -0.9 -0.3 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.530 96.1 95.3 1.5 2.0 9.4 3.0 -0.8 3/ Other live animals and animal products (9612=100) 0.356 98.2 94.8 n.a. 1.7 0.4 -1.1 -3.5 II VEGETABLE PRODUCTS 5.365 100.7 98.1 -7.9 -1.2 -0.3 -0.1 -2.6 07 Edible vegetables and certain roots and tubers 0.308 98.1 94.9 -4.9 5.7 2.5 -1.9 -3.3 08 Edible fruit and nuts; peel of citrus fruit or melons 0.709 97.1 101.5 -9.6 6.1 -3.4 -6.7 4.5 10 Cereals 2.575 94.1 92.5 -11.4 -2.6 4.0 2.2 -1.7 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.493 120.0 110.2 -2.6 -3.5 -6.1 0.8 -8.2 III ANIMAL OR VEGETABLE FATS AND OILS 0.480 95.6 98.5 2.0 -1.2 -0.2 2.4 3.0 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.511 103.1 102.4 -3.1 -1.2 -0.7 -0.5 -0.7 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.317 89.3 91.6 -12.3 -3.1 -5.4 -9.1 2.6 21 Miscellaneous edible preparations 0.366 107.2 106.3 2.7 0.2 1.0 1.2 -0.8 22 Beverages, spirits, and vinegar 0.329 99.8 99.6 n.a. -0.2 0.2 0.4 -0.2 23 Residues and waste from the food industries; prepared animal feed 0.750 116.3 112.5 -9.4 -4.8 -0.7 0.0 -3.3 24 Tobacco and manufactured tobacco substitutes 1.243 101.0 100.8 n.a. 0.4 -0.5 0.2 -0.2 3/ Other prepared foods 0.505 102.3 102.0 n.a. 0.3 0.6 0.9 -0.3 V MINERAL PRODUCTS 2.827 111.8 110.4 -1.0 1.8 0.6 0.1 -1.3 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 2.214 113.3 113.7 -3.2 0.0 0.2 0.4 0.4 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 8.770 96.7 96.5 -0.7 0.3 -0.7 0.0 -0.2 28 Inorganic chemicals 0.921 101.6 101.9 -0.3 1.1 -1.9 1.0 0.3 29 Organic chemicals 2.839 87.5 87.0 -1.8 0.0 -0.7 -0.6 -0.6 30 Pharmaceutical products 0.876 100.6 101.2 0.3 -0.3 0.0 0.2 0.6 31 Fertilizers (9612=100) 0.617 95.0 94.7 n.a. 0.7 -2.3 0.4 -0.3 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.502 102.3 102.3 0.4 0.2 -0.4 0.9 0.0 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.532 104.3 103.5 2.1 0.2 -0.5 0.9 -0.8 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.312 103.0 103.0 2.0 0.2 0.0 1.5 0.0 37 Photographic or cinematographic goods 0.429 96.1 95.1 -2.0 1.5 -0.3 -0.8 -1.0 38 Miscellaneous chemical products 1.521 103.2 103.0 -0.3 0.1 0.0 -0.4 -0.2 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.285 96.4 96.4 -1.1 -0.4 -1.0 -0.5 0.0 39 Plastics and articles thereof 3.398 95.9 95.9 -1.0 -0.6 -0.9 -0.6 0.0 40 Rubber and articles thereof 0.887 98.5 98.7 -1.1 0.0 -0.9 -0.3 0.2 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.556 95.9 97.2 -9.2 -2.0 1.0 1.4 1.4 41 Raw hides and skins (other than furskins) and leather 0.406 94.2 95.9 -7.3 -2.8 0.9 1.9 1.8 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.262 92.1 90.4 -5.5 -0.1 -0.1 -1.0 -1.8 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.986 79.2 80.0 2.3 1.8 0.9 -0.8 1.0 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.718 65.0 66.7 11.2 4.6 1.8 -2.5 2.6 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.480 85.1 85.5 -0.7 1.4 0.9 -0.4 0.5 49 Printed material 0.788 106.7 106.9 1.6 -0.1 0.0 0.2 0.2 XI TEXTILE AND TEXTILE ARTICLES 3.229 93.8 93.7 -0.2 0.1 0.3 -0.1 -0.1 52 Cotton, including yarns and woven fabrics thereof 0.714 83.6 83.3 -2.6 1.2 0.4 -0.8 -0.4 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. 0.839 102.8 102.9 n.a. 0.3 -0.8 0.0 0.1 70 Glass and glassware 0.484 101.4 101.4 n.a. 0.0 0.1 0.1 0.0 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.866 97.0 97.7 -3.5 0.4 -1.2 -0.3 0.7 XV BASE METALS AND ARTICLES OF BASE METALS 4.607 96.6 95.7 2.2 0.1 -0.2 -0.4 -0.9 72 Iron and steel 0.968 93.9 93.1 -1.2 0.4 0.1 -1.2 -0.9 73 Articles of iron or steel 1.241 107.4 107.1 5.4 1.7 -0.9 0.2 -0.3 74 Copper and articles thereof 0.423 81.6 78.8 0.5 -1.4 -2.7 -3.3 -3.4 76 Aluminum and articles thereof 0.887 90.1 89.0 5.8 -0.7 0.7 0.8 -1.2 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof 0.408 103.3 103.3 n.a. -0.1 0.0 0.0 0.0 83 Miscellaneous articles of base metal 0.374 101.3 101.3 2.2 -0.1 0.0 0.0 0.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 36.624 96.7 96.5 -2.2 -0.3 0.2 -0.8 -0.2 84 Specialized machinery & computer equipment 20.354 97.6 97.4 -1.5 -0.3 0.2 -0.1 -0.2 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 16.270 95.7 95.3 -3.0 -0.1 0.0 -1.5 -0.4 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 13.558 104.7 104.8 1.8 0.1 0.0 0.0 0.1 87 Motor vehicles and their parts 9.394 101.9 102.0 0.6 0.1 -0.1 -0.1 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 5.323 102.0 101.9 0.7 -0.3 -0.1 -0.1 -0.1 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.757 102.2 102.2 0.9 0.3 0.0 -0.2 0.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.859 103.3 103.6 1.1 -0.1 0.2 -0.6 0.3 95 Toys, games and sports equipment; parts and accessories thereof 0.726 101.1 100.9 0.7 0.7 0.0 0.1 -0.2 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for July, August and September 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, October 1996-October 1997 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports Oct. June July Aug. Sept. Description 1/ 1996 1997 1997 1997 1997 1995 Sept. Oct. to to to to to 1997 1997 Oct. July Aug. Sept. Oct. 2/ 1997 1997 1997 1997 1997 3/ Developed Countries 55.6 97.3 97.3 -2.8 -0.1 0.3 -0.3 0.0 Manufactured Goods 52.2 97.1 96.8 -2.4 0.0 0.3 -0.3 -0.3 Nonmanufactured Goods 3.1 105.1 108.8 -8.5 -1.4 1.5 0.3 3.5 3/ Developing Countries 42.7 101.1 102.0 -3.4 -0.7 0.4 -0.5 0.9 Manufactured Goods 35.4 98.9 98.8 -1.5 -0.3 -0.2 -0.3 -0.1 Nonmanufactured Goods 7.1 106.1 112.1 -10.7 -2.1 2.9 -1.6 5.7 Canada 18.9 99.7 99.6 -0.9 -0.1 0.3 0.4 -0.1 Manufactured Goods 16.5 99.1 98.5 0.4 0.0 0.1 0.3 -0.6 Nonmanufactured Goods 2.2 107.6 111.8 -8.3 -0.6 1.4 1.0 3.9 4/ European Union 17.0 100.2 100.6 -2.4 -0.5 0.2 -0.6 0.4 Manufactured Goods 16.4 100.1 100.3 -2.1 -0.3 0.0 -0.4 0.2 Nonmanufactured Goods 0.5 105.4 111.7 -10.6 -6.8 3.5 -4.0 6.0 Japan 16.6 92.5 91.9 -5.0 0.0 -0.3 -0.2 -0.6 5/ Asian Newly Industrialized Countries 10.9 93.9 93.9 -4.0 -0.6 0.0 -0.8 0.0 1 Regions are not mutually exclusive. 2 Data for July, August and September 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. September 1996-September 1997 1995 = 100 Index Percent Change Annual Quarterly Trade Sept. Sept. Dec. March June Description (Mil. 1996 1996 1996 1997 1997 of June Sept. to to to to to Dollars) 1997 1997 Sept. Dec. March June Sept. 1997 1996 1997 1997 1997 Air Freight (Inbound) 5495 89.9 88.5 -7.4 -0.6 -5.8 0.4 -1.6 Atlantic 1880 88.9 85.6 -9.8 1.8 -7.1 -0.9 -3.7 Pacific 3151 91.1 91.0 -4.8 -1.7 -4.5 1.4 -0.1 Air Freight (Outbound) 5835 99.2 98.8 -0.1 0.3 0.6 -0.6 -0.4 Atlantic 2080 99.4 99.0 0.3 0.3 0.9 -0.5 -0.4 Pacific 3222 100.0 99.7 -0.1 0.4 0.1 -0.3 -0.3 Air Passenger Fares (U.S. Carrier) 30673 112.1 109.2 1.8 -5.3 -4.4 15.4 -2.6 1/ Atlantic 8811 118.3 119.0 3.4 -13.5 -2.1 21.3 0.6 1/ Pacific 15900 102.1 95.9 -2.7 -3.7 -9.1 18.2 -6.1 1/ Latin American / Caribbean 4542 109.6 110.5 7.4 0.0 3.8 2.6 0.8 Canadian 1367 161.2 162.2 31.2 24.3 1.4 3.5 0.6 Air Passenger Fares (Foreign Carrier) 31694 106.1 104.2 -1.2 -4.5 -2.2 7.7 -1.8 1/ Atlantic 13572 110.2 110.8 0.6 -8.9 -3.2 13.5 0.5 1/ Pacific 12570 96.4 91.0 -3.6 -0.2 -2.0 4.4 -5.6 1/ Latin American / Caribbean 4224 104.8 104.4 1.0 0.2 0.9 0.3 -0.4 1/ Crude Oil Tanker Freight (Inbound) 1949 108.2 n.a. n.a. 8.1 7.2 0.8 n.a. Ocean Liner Freight (Inbound) 12253 96.8 94.9 -3.2 0.4 -0.8 -0.8 -2.0 U.S. East Coast 5410 99.6 97.0 -3.7 1.0 -1.9 -0.2 -2.6 from Atlantic 2647 98.7 96.0 -5.0 0.3 -2.0 -0.7 -2.7 from Pacific 1874 98.9 95.2 -3.3 0.1 -0.1 0.5 -3.7 U.S. West Coast 6844 94.1 92.8 -2.7 0.0 0.0 -1.4 -1.4 from Pacific 6347 93.9 92.7 -2.4 -0.2 0.3 -1.3 -1.3 1 Detailed data available upon request. n.a. N Table 8 U.S. Import and Export Price Indexes and Percent Changes for Selected Categories of Services. September 1996-September 1997 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade Sept. Sept. Dec. March June Description (Mil. 1996 1996 1996 1997 1997 of June Sept. to to to to to Dollars) 1997 1997 Sept. Dec. March June Sept. 1997 1996 1997 1997 1997 IMPORT Air Freight 3188 90.4 88.6 -8.5 -1.2 -5.8 0.3 -2.0 Atlantic 1278 90.3 86.4 -12.2 -0.2 -7.1 -1.0 -4.3 Pacific 1674 91.8 91.5 -5.4 -2.0 -4.5 1.4 -0.3 Air Passenger Fares 11127 113.2 111.1 7.9 -2.9 0.5 12.6 -1.9 1/ Atlantic 4922 121.2 121.2 14.6 -7.0 1.9 20.8 0.0 1/ Pacific 2340 111.4 100.5 9.1 7.5 -0.9 13.6 -9.8 1/ Latin American / Caribbean 3021 106.1 105.9 1.8 0.1 1.0 1.0 -0.2 1/ Crude Oil Tanker Freight 1346 101.9 n.a. n.a. 6.3 5.8 2.2 n.a. Ocean Liner Freight 9868 97.1 95.3 -3.6 -0.3 -0.6 -0.9 -1.9 U.S. East Coast 4271 100.6 98.3 -3.2 0.1 -1.2 0.1 -2.3 from Atlantic 1952 99.9 98.3 -4.6 -0.1 -2.4 -0.5 -1.6 from Pacific 1774 100.8 97.0 -3.2 0.2 -0.2 0.6 -3.8 U.S. West Coast 5596 93.9 92.4 -4.0 -0.6 -0.3 -1.6 -1.6 from Pacific 5126 93.5 92.2 -3.7 -0.8 0.1 -1.6 -1.4 EXPORT Air Freight (9612 = 100) 2562 97.8 96.6 n.a. n.a. -1.5 -0.7 -1.2 Air Passenger Fares 17272 103.0 100.0 -2.8 -3.1 -9.9 14.7 -2.9 1/ Atlantic 4120 109.7 109.5 -3.6 -7.8 -5.8 11.3 -0.2 1/ Pacific 10700 91.1 86.4 -8.0 -4.6 -15.7 20.7 -5.2 Latin American / Caribbean 1392 106.9 107.5 6.6 0.8 0.2 5.0 0.6 Canadian 1006 157.0 157.5 36.5 26.3 6.3 1.3 0.3 1 Detailed data available upon request. n.a. N TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are weighted with 1995 trade weights. The merchandise price indexes are published using three classifications: the Harmonized System (HS), the Bureau of Economic Analysis End Use System, and the Standard International Trade Classification (SITC) system, Rev. 3. Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represents transactions between U.S. and foreign residents) and International (which represents all transactions with U.S. importers or exporters, regardless of nationality). Published series use a base year of 1995=100 where possible. Net transaction price data are collected every month for over 20,000 products from over 6,000 companies and secondary sources. Indexes are not seasonally adjusted. More detailed index series and additional information may be obtained from the Division of International Prices, Bureau of Labor Statistics, 2 Massachusetts Avenue N.E., PSB 3955, Washington, DC 20212 or (202) 606-7155. Import Price Indexes -- Products have been classified by the 1995 Harmonized Tariff Schedule of the United States Annotated (TSUSA). Import prices are based on U.S. dollar prices paid by the U.S. importer. The prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) U.S. port transaction prices, depending on the practices of the individual industry. The index for crude petroleum is calculated from data collected by the U.S. Department of Energy. Export Price Indexes -- Products have been classified by the 1995 Harmonized Schedule B classification system of the U.S. Bureau of the Census. The prices used are generally either "free alongside ship" (f.a.s.) factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture. Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for the Import Price Indexes. Prior to January 1993, nonmanufactured goods were defined as SITC 0-4 and manufactured goods were defined as SITC 5-8. Beginning with January 1993, the indexes are defined by locality of origin using a nomenclature based upon the Standard Industrial Classification (SIC-based). Nonmanufactured goods are defined as SIC 0-1, and manufactured goods are defined as SIC 2-3. The indexes use 1995 weights and a base of 1995=100. Import, Export, and International Services Indexes -- Indexes are calculated on a quarterly basis. The figures for services indexes will not sum up to the aggregate dollar value because not all categories are shown in the tables. Revenue figures for air passenger indexes exclude frequent flyer tickets and those sold by consolidators. Indexes for crude oil tanker freight are calculated from data collected by the U. S. Department of Energy and the publication of these indexes is lagged one quarter. Revision policy -- Data are revised for the previous three months to reflect the availability of late reports and corrections by respondents. Uses of the Data -- The primary use of the indexes is to deflate trade statistics. For merchandise trade, the End Use classification system is the structure used by the U.S. Department of Commerce in the construction of the foreign trade sector of the National Income and Product Accounts. Indexes published using the Harmonized System and the Standard International Trade Classification, Rev. 3, both international structures, are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Accounts data, while International indexes are more appropriate for market analysis. Merchandise and services indexes also can be used to study U.S. competitiveness and price elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade analysis. The import and export news release contains monthly price indexes at the two-digit level of detail. If you would like to be added to the mailing list for more detailed index and percent change tables, please fill out the form below and mail or fax it to the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212 Phone Number: (202) 606-7155 Fax Number: (202) 606-7179 IPP Order Form Please add my name to the mailing list for the following publications. 1. Monthly News Release ______ 2. Harmonized System Indexes ______ 3. SITC Indexes ______ 4. BEA End-Use Indexes ______ 5. Locality of Origin Indexes ------ 6. 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