Technical Information Jim Thomas (202) 606-7155 USDL-97-441 Bill Alterman (202) 606-7108 For release: 10:00 A.M. E.S.T. Media contact: Thursday, December 11, 1997 Kathryn Hoyle (202) 606-5902 Internet Address: http://stats.bls.gov/ipphome.htm U.S. IMPORT AND EXPORT PRICE INDEXES -NOVEMBER 1997- The U.S. Import Price Index fell 0.3 percent in November, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decrease was attributable to a turnaround in petroleum prices as well as the continuing decline in nonpetroleum import prices. The Export Price Index was unchanged in November after decreasing in each of the previous two months. Percent changes in import and export price indexes by End Use category - not seasonally adjusted - IMPORTS EXPORTS Month Non- Agri- Nonagri- All Petroleum petroleum All cultural cultural Imports Imports Imports Exports Exports Exports 1996 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 -1.3 -0.2 0.0 -1.1 0.0 August -0.1 2.3 -0.3 0.0 0.1 0.0 September -0.1 0.1 r -0.1 -0.3 r -0.1 -0.3 October 0.1 4.0 r -0.3 -0.4 r -1.8 r -0.2 November -0.3 -1.5 -0.1 0.0 0.8 -0.1 November 1995-96 1.6 37.2 -1.8 -1.3 -5.3 -0.6 November 1996-97 -3.9 -18.2 -2.3 -0.7 -2.9 -0.5 r = revised to reflect late reports and corrections by respondents. Import Goods The November import price decrease marked the fifth decline in the last six months. For the year ended in November, the index was down 3.9 percent. Nonpetroleum import prices fell 0.1 percent in November and the index has decreased in each of the past five months; the index was down 2.3 percent for the year ended in November. Petroleum prices also contributed to the downturn in import prices last month, falling 1.5 percent after increasing in the three previous months. The price index for petroleum imports dropped 18.2 percent over the past year. The index for foods, feeds, and beverages fell 0.9 percent in November, following a decrease of 0.8 percent in the preceding month. The decline was led by falling coffee prices. All of the major finished goods indexes either decreased or were unchanged in November. Capital goods prices continued a two-year slide, declining 0.3 percent last month; the index has increased only twice on a monthly basis since November 1995 and has declined 10.5 percent over the period. Import prices for consumer goods fell 0.2 percent in November, while the index for automotive vehicles, parts, and engines was unchanged. Both indexes had posted 0.2 percent gains the previous month. In contrast, industrial supplies and materials excluding petroleum edged up 0.1 percent last month after a 0.5 percent decline in October. For the year ended in November, however, the index was unchanged. Export Goods The price index of all exports was unchanged last month, as an increase in the agricultural export index countered a dip for nonagricultural exports. Export prices, which fell 0.4 percent in October and 0.3 percent in September, were down 0.7 percent for the year ended in November. Agricultural export prices rose 0.8 percent in November after falling 1.8 percent in the preceding month. The November upturn was led by an increase in soybean and soybean oil prices. Nonagricultural export prices fell for the third consecutive month, dipping 0.1 percent in November, and were down 0.5 percent in the year ended in November. The drop in nonagricultural prices was led by declining prices for industrial supplies and materials. Nonagricultural industrial supplies and materials fell 0.3 percent in November, following average declines of 0.4 percent in the previous three months. All of the major finished goods indexes were unchanged from October. Export prices for autos and consumer goods were up 0.8 percent and 1.1 percent, respectively, for the year ended in November. In contrast, the index for capital goods was down over the November 1996-97 period. Imports by Locality of Origin Import prices from Japan fell for the fourth consecutive month, dropping 0.3 percent in November. (See table 7.) Over the November 1996-97 period, the index was down 5.0 percent. Prices for imports from the Asian Newly Industrialized Countries declined 1.2 percent in November, after falling in the previous two months. The recent decline has paralleled the relative strengthening of the U.S. dollar versus these Asian currencies. For the year ended in November, the index dropped 4.7 percent. The price index for imports from Canada also fell last month, decreasing 0.2 percent in November after a slight 0.1 percent decrease in October. Over the November 1996-97 period, the index was down 1.3 percent. In contrast, the price index for imports from the European Union rose 0.2 percent on average for the second consecutive month. Despite the recent gains, the index decreased 2.2 percent for the November 1996-97 period. 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 December 1997 are scheduled for release on January 14, 1998 at 10:00 a.m. (EST). The import and export news release contains monthly price indexes at the two-digit level of detail. 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Services Indexes ______ Name_______________________________________________________________________ Address____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ Phone Number ( ) _______________________________________________ Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, November 1996-November 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. END Description 1996 1997 1997 1997 1997 USE October October November to to to to to 1997 1997 1997 Nov. Aug. Sept. Oct. Nov. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 97.9 97.6 -3.9 -0.1 -0.1 0.1 -0.3 ALL IMPORTS EXCLUDING PETROLEUM 91.238 96.4 96.3 -2.3 -0.3 -0.1 -0.3 -0.1 0 FOODS, FEEDS, & BEVERAGES 4.729 98.8 97.9 0.0 -0.2 0.4 -0.8 -0.9 00 Agricultural foods, feeds & beverages, excluding distilled beverages 3.359 96.3 95.0 -2.7 -0.2 0.6 -1.6 -1.3 01 Nonagricultural foods (fish, distilled beverages) 1.370 105.2 105.2 6.7 -0.1 0.0 1.1 0.0 1 INDUSTRIAL SUPPLIES & MATERIALS 27.337 102.0 101.5 -6.7 0.7 0.3 0.9 -0.5 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.575 97.9 98.0 0.0 -0.1 0.4 -0.5 0.1 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.786 98.7 98.3 0.5 -0.4 0.4 -1.2 -0.4 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.789 96.9 97.5 -0.7 0.2 0.3 0.3 0.6 10 Fuels & lubricants 10.011 111.6 110.7 -15.9 1.9 0.4 4.3 -0.8 100 Petroleum & petroleum products 8.762 109.8 108.1 -18.2 2.3 0.1 4.0 -1.5 10000 Crude 6.965 109.9 108.1 -18.8 2.4 -0.2 4.5 -1.6 11 Paper & paper base stocks 1.820 83.8 84.4 2.4 0.7 0.8 0.5 0.7 12 Materials associated with nondurable supplies & materials 5.925 94.6 94.3 -3.4 0.1 -0.2 -0.8 -0.3 13 Selected building materials 2.099 107.6 108.5 -3.2 -1.0 -0.1 -3.6 0.8 14 Unfinished metals associated with durable goods 4.573 97.4 96.4 5.0 -0.1 1.2 -1.1 -1.0 15 Finished metals associated with durable goods 1.449 96.9 96.3 -2.6 -0.3 0.0 0.6 -0.6 16 Nonmetals associated with durable goods 1.459 94.1 94.1 -3.8 -0.5 -1.1 0.0 0.0 2 CAPITAL GOODS 28.131 89.8 89.5 -7.1 -0.8 -0.5 -0.8 -0.3 20 Electric & electrical generating equipment 3.329 96.6 96.5 -2.5 0.2 -0.3 -0.2 -0.1 21 Nonelectrical machinery 23.115 87.4 87.0 -8.2 -0.9 -0.7 -1.0 -0.5 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 17.777 101.3 101.3 0.7 0.1 0.1 0.2 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 22.026 99.4 99.2 -0.9 -0.2 -0.2 0.2 -0.2 40 Nondurables, manufactured 10.884 101.1 100.9 0.2 -0.1 0.0 0.3 -0.2 41 Durables, manufactured 10.042 97.4 97.3 -2.3 -0.3 -0.4 0.0 -0.1 42 Nonmanufactured consumer goods 1.100 101.4 100.7 1.3 0.0 0.1 1.5 -0.7 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for August, September and October 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, November 1996-November 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. END Description 1996 1997 1997 1997 1997 USE October October November to to to to to 1997 1997 1997 Nov. Aug. Sept. Oct. Nov. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.6 98.6 -0.7 0.0 -0.3 -0.4 0.0 AGRICULTURAL COMMODITIES 10.378 98.4 99.2 -2.9 0.1 -0.1 -1.8 0.8 NONAGRICULTURAL COMMODITIES 89.622 98.6 98.5 -0.5 0.0 -0.3 -0.2 -0.1 0 FOODS, FEEDS, & BEVERAGES 9.369 99.8 100.2 -3.6 0.6 0.0 -2.0 0.4 00 Agricultural foods, feeds & beverages, excluding distilled beverages 8.593 100.1 100.8 -3.7 0.1 -0.3 -2.1 0.7 01 Nonagricultural foods (fish, distilled beverages) 0.776 98.0 95.9 -1.6 8.1 2.4 -0.5 -2.1 1 INDUSTRIAL SUPPLIES & MATERIALS 25.327 94.7 94.5 -0.3 -0.4 -0.3 -0.4 -0.2 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.773 94.8 94.4 -1.0 -0.5 -0.5 -1.0 -0.4 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 15.554 94.6 94.5 0.1 -0.2 -0.2 -0.1 -0.1 10 Agricultural industrial supplies & materials 1.785 93.0 94.0 0.8 0.1 0.8 0.0 1.1 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 23.542 94.8 94.5 -0.4 -0.4 -0.4 -0.5 -0.3 11 Fuels & lubricants 2.455 111.0 110.4 -3.3 0.3 0.5 0.1 -0.5 12 Nonagricultural supplies & materials excluding fuels & building materials 19.573 92.4 92.2 0.7 -0.4 -0.4 -0.4 -0.2 13 Selected building materials 1.514 91.2 89.8 -8.1 -1.0 -1.1 -1.7 -1.5 2 CAPITAL GOODS 43.773 99.3 99.3 -1.2 0.1 -0.6 -0.2 0.0 20 Electric & electrical generating Equipment 4.424 101.9 102.2 1.7 1.0 -0.4 0.1 0.3 21 Nonelectrical machinery 33.983 96.5 96.4 -2.3 0.0 -0.8 -0.2 -0.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 9.671 102.3 102.3 0.8 0.0 -0.1 0.1 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 11.860 102.7 102.7 1.1 0.0 0.4 0.1 0.0 40 Nondurables, manufactured 6.241 102.2 102.1 0.7 0.0 0.6 -0.1 -0.1 41 Durables, manufactured 5.054 102.2 102.2 0.9 0.1 -0.2 0.3 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for August, September and October 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, November 1996-November 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. SITC Description 1996 1997 1997 1997 1997 Rev. 3 October October November to to to to to 1997 1997 1997 Nov. Aug. Sept. Oct. Nov. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 97.9 97.6 -3.9 -0.1 -0.1 0.1 -0.3 0 FOOD AND LIVE ANIMALS 4.075 100.5 99.6 3.2 0.4 0.4 -0.8 -0.9 01 Meat and meat preparations 0.352 102.7 102.7 0.4 2.3 -0.3 -1.2 0.0 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 1.057 107.4 107.4 10.6 0.2 -0.1 2.8 0.0 05 Vegetables and fruit, prepared fresh or dried 1.084 103.2 104.6 -2.1 2.0 0.2 -0.2 1.4 07 Coffee, tea, cocoa, spices and manufactures thereof 0.643 92.1 86.2 11.7 -2.1 2.6 -7.9 -6.4 3/ Other food and live animals (9612=100) 0.939 99.9 99.1 n.a. 0.3 -0.3 -0.1 -0.8 1 BEVERAGES AND TOBACCO 0.843 107.9 107.8 2.7 0.0 0.1 0.1 -0.1 11 Beverages 0.709 104.4 104.4 1.8 0.0 0.1 0.1 0.0 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 2.926 94.8 94.3 -2.2 -0.5 -0.2 -1.9 -0.5 23 Crude rubber (including synthetic and reclaimed) 0.240 72.4 70.1 -18.0 -0.6 -3.5 -2.8 -3.2 24 Cork and wood 1.031 113.1 114.1 -9.2 -1.9 0.2 -6.7 0.9 25 Pulp and waste paper 0.383 69.0 69.2 2.1 2.1 0.4 1.2 0.3 28 Metalliferous ores and metal scrap 0.634 103.7 102.7 7.1 0.1 -0.2 -0.8 -1.0 29 Crude animal and vegetable materials, n.e.s. (9612=100) 0.292 113.2 109.1 n.a. -0.3 1.3 9.8 -3.6 3/ Other crude materials, inedible, except fuels (9612=100) 0.346 96.6 96.2 n.a. 0.2 -1.0 -0.2 -0.4 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 9.682 111.5 111.0 -15.8 1.7 0.6 4.4 -0.4 33 Petroleum, petroleum products and related materials 8.340 109.6 108.3 -17.7 2.0 0.2 4.1 -1.2 34 Gas, natural and manufactured 1.218 132.0 138.1 1.2 -0.1 3.3 6.7 4.6 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 5.530 95.6 95.2 -3.9 0.2 -0.2 -0.6 -0.4 51 Organic chemicals 1.576 95.4 95.4 -4.0 1.2 -0.3 -1.8 0.0 52 Inorganic chemicals 0.680 99.7 99.0 -3.0 0.7 1.1 0.0 -0.7 53 Dyeing, tanning and coloring materials 0.279 94.2 95.3 -5.3 -2.4 -1.5 0.2 1.2 54 Medicinal and pharmaceutical products 0.906 96.2 96.3 -3.6 -0.1 -0.4 0.4 0.1 55 Essential oils; polishing and cleansing preps 0.320 97.3 96.6 -4.1 0.9 -0.9 0.4 -0.7 57 Plastics in primary forms 0.367 92.2 91.6 -4.3 0.2 0.8 -0.4 -0.7 58 Plastics in nonprimary forms 0.544 85.9 83.5 -2.9 -1.5 -0.6 -1.2 -2.8 59 Chemical materials and products, n.e.s. 0.652 102.8 102.8 -4.2 0.1 -0.1 -0.4 0.0 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 12.576 96.7 96.6 1.3 -0.1 0.3 -0.1 -0.1 62 Rubber manufactures, n.e.s. 0.716 95.3 95.3 -3.3 -0.9 -0.7 0.2 0.0 63 Cork and wood manufactures other than furniture 0.562 99.9 100.8 n.a. 0.7 -0.5 0.5 0.9 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.611 88.9 89.7 2.5 0.5 0.9 0.1 0.9 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.414 100.1 100.3 0.1 -0.3 0.2 0.1 0.2 66 Nonmetallic mineral manufactures, n.e.s. 2.130 102.2 102.2 -0.5 -0.5 -0.4 0.1 0.0 67 Iron and steel 2.038 96.4 96.2 -1.1 -0.1 0.0 0.1 -0.2 68 Nonferrous metals 1.968 95.3 93.5 11.6 0.6 2.4 -1.7 -1.9 69 Manufactures of metals, n.e.s. 1.971 98.5 98.3 -2.5 -0.5 -0.2 0.4 -0.2 7 MACHINERY AND TRANSPORT EQUIPMENT 46.509 94.5 94.3 -3.9 -0.4 -0.3 -0.2 -0.2 71 Power generating machinery and equipment (9612=100) 2.968 98.8 98.9 n.a. -0.3 -0.2 0.0 0.1 72 Machinery specialized for particular industries 2.670 98.6 99.0 -2.0 -0.7 -0.1 0.1 0.4 73 Metalworking machinery 0.819 97.8 98.0 -3.2 -0.1 -0.6 0.5 0.2 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.405 97.4 97.5 -3.2 -0.6 -0.3 0.1 0.1 75 Computer equipment and office machines 6.920 76.9 76.5 -13.8 -1.6 -1.0 -1.5 -0.5 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.520 92.2 91.9 -4.3 -0.4 -0.3 -0.4 -0.3 77 Electrical machinery and equipment 9.538 88.8 88.1 -5.6 -0.1 -0.4 -0.4 -0.8 78 Road vehicles 14.631 101.4 101.4 0.7 0.2 0.1 0.2 0.0 8 MISCELLANEOUS MANUFACTURED ARTICLES 17.418 100.0 99.9 -0.6 -0.1 -0.2 0.1 -0.1 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s. 0.382 95.9 96.1 -2.9 -0.6 -0.3 0.7 0.2 82 Furniture and parts thereof 1.262 103.0 103.1 1.4 -0.1 -0.5 0.6 0.1 83 Travel goods, handbags and similar containers 0.502 100.9 100.6 -0.2 -0.1 -0.2 -0.1 -0.3 84 Articles of apparel and clothing accessories 5.847 103.2 102.9 1.5 0.0 0.4 0.3 -0.3 85 Footwear 1.766 101.0 101.0 0.3 -0.1 -0.4 0.3 0.0 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.586 96.8 97.0 -2.6 -0.1 -0.3 -0.1 0.2 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.332 93.4 93.4 -3.8 -0.7 -0.8 -0.2 0.0 89 Miscellaneous manufactured articles, n.e.s. 4.740 98.5 98.5 -2.0 -0.2 -0.5 -0.2 0.0 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for August, September and October 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, November 1996-November 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. SITC Description 1996 1997 1997 1997 1997 Rev. 3 October October November to to to to to 1997 1997 1997 Nov. Aug. Sept. Oct. Nov. 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.6 98.6 -0.7 0.0 -0.3 -0.4 0.0 0 FOOD AND LIVE ANIMALS 7.640 98.3 97.6 -5.4 1.9 -0.2 -1.2 -0.7 01 Meat and meat preparations 1.135 95.1 96.0 -2.3 0.5 -1.0 -0.1 0.9 03 Fish, crustaceans, aquatic invertebrates and preparations 0.599 98.6 95.5 -1.3 10.9 3.2 -0.5 -3.1 04 Cereals and cereal preparations 2.766 93.5 94.9 -6.5 3.7 1.9 -1.6 1.5 05 Vegetables, fruit and nuts, fresh or dried 1.394 98.2 94.0 -11.5 -1.0 -5.5 0.6 -4.3 08 Feeding stuff for animals (not including unmilled cereals) 0.815 116.4 113.9 -3.3 -0.3 0.8 -3.6 -2.1 09 Miscellaneous edible products and preparations 0.386 104.0 104.7 n.a. 0.0 1.4 -1.0 0.7 3/ Other food and live animals (9612=100) 0.546 102.8 99.1 n.a. 0.9 -1.3 -2.3 -3.6 1 BEVERAGES AND TOBACCO 1.501 100.8 100.9 0.6 -0.4 0.2 -0.2 0.1 12 Tobacco and tobacco manufactures 1.238 100.8 100.8 n.a. -0.5 0.2 -0.2 0.0 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 5.742 88.8 89.0 0.3 -1.0 -1.2 -3.1 0.2 21 Hides, skins and furskins, raw 0.331 101.6 103.6 -11.0 2.4 1.8 1.5 2.0 22 Oil seeds and oleaginous fruits 1.177 108.3 118.2 2.2 -6.3 -0.2 -9.9 9.1 24 Cork and wood 0.921 88.6 86.5 -10.9 -0.4 -1.6 -2.5 -2.4 25 Pulp and waste paper 0.799 69.4 67.5 16.4 3.3 -4.5 1.8 -2.7 26 Textile fibers and their waste 0.827 83.4 81.5 -1.3 0.2 -0.6 -0.6 -2.3 27 Crude fertilizers and crude minerals 0.334 97.9 97.8 0.6 0.0 0.0 0.0 -0.1 28 Metalliferous ores and metal scrap 0.930 90.1 86.0 2.4 0.6 -2.0 -4.6 -4.6 3/ Other crude materials, inedible, except fuels (9612=100) 0.423 100.5 101.9 n.a. -1.5 1.0 -0.1 1.4 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 2.165 112.2 111.6 -3.5 0.3 0.5 0.4 -0.5 32 Coal, coke and briquettes 0.694 102.2 101.8 0.1 0.0 0.3 0.3 -0.4 33 Petroleum, petroleum products and related materials 1.321 121.3 120.1 -5.1 0.3 0.4 -0.4 -1.0 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.459 97.9 106.7 18.6 0.0 1.7 3.2 9.0 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 10.771 95.4 95.1 -0.8 -0.9 0.0 -0.1 -0.3 51 Organic chemicals 2.526 83.7 83.6 -1.9 -0.8 -0.6 0.0 -0.1 52 Inorganic chemicals 0.825 98.5 98.6 -2.8 -2.3 0.8 -0.2 0.1 53 Dyeing, tanning and coloring materials 0.495 102.7 102.7 0.7 -0.3 0.9 0.0 0.0 54 Medicinal and pharmaceutical products 1.224 101.5 101.4 -0.4 0.0 0.1 0.3 -0.1 55 Essential oils; polishing and cleansing preps 0.756 103.3 101.8 0.3 -0.5 1.1 -0.4 -1.5 56 Fertilizers (9612=100) 0.555 94.7 93.8 n.a. -2.3 0.4 -0.3 -1.0 57 Plastics in primary forms 1.824 93.7 93.4 0.3 -2.0 -0.4 0.1 -0.3 58 Plastics in nonprimary forms 0.821 98.7 98.5 1.2 0.0 -0.1 -0.2 -0.2 59 Chemical materials and products, n.e.s. 1.745 103.4 103.0 -0.1 0.1 -0.4 -0.2 -0.4 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.707 98.6 98.9 2.4 0.1 0.1 -0.1 0.3 62 Rubber manufactures, n.e.s. 0.664 102.2 102.2 -0.7 -0.9 -0.3 0.3 0.0 63 Cork and wood manufactures other than furniture 0.290 91.5 91.1 0.4 -0.8 0.6 0.2 -0.4 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.533 85.3 85.4 -0.2 1.1 -0.4 0.4 0.1 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.405 103.2 102.9 n.a. 0.6 0.1 -0.1 -0.3 66 Nonmetallic mineral manufactures, n.e.s. 1.315 106.3 106.4 2.1 0.1 1.6 0.0 0.1 67 Iron and steel 1.103 103.2 103.7 n.a. 0.1 -0.1 0.3 0.5 68 Nonferrous metals 1.276 92.1 93.9 10.2 0.8 0.0 -1.3 2.0 69 Manufactures of metals, n.e.s. 1.962 104.2 104.2 2.9 -0.6 -0.5 -0.1 0.0 7 MACHINERY AND TRANSPORT EQUIPMENT 50.065 100.0 100.1 -0.4 0.1 -0.5 -0.1 0.1 71 Power generating machinery and equipment 4.236 106.2 106.3 2.0 0.3 0.0 0.0 0.1 72 Machinery specialized for particular industries 4.642 104.5 104.5 1.7 0.3 0.1 0.0 0.0 73 Metalworking machinery 0.949 104.5 104.5 2.3 -0.1 0.1 0.1 0.0 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 4.985 105.5 105.5 2.1 0.3 -0.1 0.3 0.0 75 Computer equipment and office machines 6.498 83.0 82.8 -7.2 0.0 -0.4 -0.8 -0.2 76 Telecommunications & sound recording & reproducing apparatus & equipment 3.776 99.5 99.4 -1.0 0.0 -0.5 0.3 -0.1 77 Electrical machinery and equipment 11.588 94.7 94.8 -2.7 0.2 -1.7 -0.4 0.1 78 Road vehicles 9.016 101.9 102.0 0.6 -0.1 -0.1 0.1 0.1 8 MISCELLANEOUS MANUFACTURED ARTICLES 11.163 101.8 101.9 0.9 0.0 0.0 0.0 0.1 82 Furniture and parts thereof 0.630 103.8 103.8 1.8 0.1 -0.1 0.3 0.0 84 Articles of apparel and clothing accessories 1.267 103.3 103.3 n.a. -0.2 1.9 -0.2 0.0 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.674 103.4 103.4 1.2 0.0 -0.1 0.0 0.0 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s. 0.934 98.2 98.2 n.a. -0.6 -0.4 -0.4 0.0 89 Miscellaneous manufactured articles, n.e.s. 4.205 100.4 100.5 0.0 0.1 -0.2 0.0 0.1 3/ Other miscellaneous manufactured articles (9612=100) 0.453 101.1 101.3 n.a. 0.1 0.1 0.0 0.2 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for August, September and October 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, November 1996-November 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Nov. July Aug. Sept. Oct. nized Description 1996 1997 1997 1997 1997 System October October November to to to to to 1997 1997 1997 Nov. Aug. Sept. Oct. Nov. 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.599 104.5 104.5 8.1 0.7 0.1 1.5 0.0 02 Meat and edible meat offal 0.278 100.2 100.4 5.2 2.5 1.4 -1.2 0.2 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.925 107.8 108.4 12.0 0.6 -0.4 3.1 0.6 3/ Other live animals and animal products (9612=100) 0.395 102.7 101.1 n.a. -0.4 0.3 -0.3 -1.6 II VEGETABLE PRODUCTS 1.597 93.3 93.3 5.7 2.4 0.3 -1.6 0.0 07 Edible vegetables and certain roots and tubers 0.326 121.5 129.2 25.8 n.a. n.a. n.a. 6.3 08 Edible fruit and nuts; peel of citrus fruit or melons 0.433 96.9 96.9 -14.7 -2.8 -0.4 -0.6 0.0 09 Coffee, tea, mate and spices 0.417 86.5 84.1 18.5 0.0 2.0 -7.2 -2.8 3/ Other vegetable products 0.420 97.5 95.4 8.7 3.1 -0.8 1.8 -2.2 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 2.065 101.9 101.7 -1.0 -0.2 -0.3 0.2 -0.2 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.267 89.5 88.6 -13.4 -1.0 -0.5 -1.2 -1.0 22 Beverages, spirits, and vinegar 0.733 102.9 103.2 0.0 0.4 -0.4 -0.3 0.3 3/ Other prepared foodstuffs (9612=100) 1.065 102.3 101.9 n.a. -0.4 -0.2 1.0 -0.4 V MINERAL PRODUCTS 10.294 111.0 110.6 -15.2 1.6 0.5 4.3 -0.4 26 Ores, slag and ash 0.293 102.4 102.4 2.9 -0.4 -0.1 0.0 0.0 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 9.772 111.3 111.0 -16.0 1.6 0.6 4.5 -0.3 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 5.190 98.6 98.5 -2.9 0.2 -0.4 -0.4 -0.1 28 Inorganic chemicals 0.861 104.5 103.6 1.6 0.7 1.5 -0.4 -0.9 29 Organic chemicals 1.992 95.8 95.6 -4.5 0.8 -0.5 -0.7 -0.2 30 Pharmaceutical products 0.552 102.2 102.4 -1.8 -0.2 -0.5 -0.1 0.2 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.280 93.7 94.4 -5.9 -1.6 -2.1 0.2 0.7 37 Photographic or cinematographic goods 0.353 98.2 98.2 -0.8 -1.0 -0.1 -0.2 0.0 38 Miscellaneaous chemical products (9612=100) 0.412 97.8 97.8 n.a. 0.0 -1.0 0.4 0.0 3/ Other products of the chemical or allied industries (9612=100) 0.740 95.2 95.2 n.a. 0.2 -1.2 -0.5 0.0 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.764 91.4 90.9 -3.4 -0.6 -0.5 -0.3 -0.5 39 Plastics and articles thereof 1.726 94.5 94.3 -0.6 -0.5 -0.2 -0.4 -0.2 40 Rubber and articles thereof 1.038 86.7 85.9 -7.7 -1.0 -1.0 -0.2 -0.9 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 1.001 103.3 103.1 -0.7 0.1 -0.6 0.1 -0.2 42 Articles of leather; travel goods, bags, etc. of various materials 0.805 101.4 101.0 0.1 -0.1 -0.4 0.0 -0.4 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.629 106.2 107.3 -5.0 -1.1 0.2 -4.6 1.0 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.358 85.5 86.0 1.4 0.4 0.5 0.4 0.6 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.383 69.8 69.9 1.6 2.2 0.3 1.2 0.1 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.624 89.6 90.4 2.0 0.5 0.7 0.1 0.9 49 Printed matter 0.351 99.8 100.1 -0.3 -1.6 -0.9 0.5 0.3 XI TEXTILE AND TEXTILE ARTICLES 6.905 102.1 101.9 1.4 0.0 0.5 0.2 -0.2 61 Articles of apparel and clothing accessories, knitted or crocheted 2.032 101.7 101.7 0.1 0.2 0.1 0.7 0.0 62 Articles of apparel and clothing accessories, not knitted or crocheted 3.326 104.2 103.8 2.6 -0.1 0.6 0.0 -0.4 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.344 98.5 98.5 -1.2 -0.4 1.5 -0.1 0.0 3/ Other textile & textile articles (9612=100) 1.203 100.7 100.8 n.a. -0.3 0.6 0.1 0.1 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 2.064 101.2 101.3 0.4 0.0 -0.5 0.3 0.1 64 Footwear, gaiters and the like; parts of such articles 1.776 100.8 100.8 0.1 -0.2 -0.4 0.3 0.0 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 0.288 102.0 102.2 n.a. 0.8 -0.6 0.3 0.2 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.136 102.1 102.3 -0.4 -0.5 -0.6 0.3 0.2 69 Ceramic products 0.431 99.3 99.5 n.a. -0.8 0.4 0.1 0.2 70 Glass and glassware 0.440 102.0 102.2 -1.4 -0.2 -1.6 0.5 0.2 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 2.176 98.0 98.1 -0.3 -0.6 0.1 -0.2 0.1 XV BASE METALS AND ARTICLES OF BASE METAL 5.875 95.4 94.3 0.9 -0.1 0.5 -0.3 -1.2 72 Iron and steel 1.747 95.3 95.3 -0.6 -0.1 0.0 -0.1 0.0 73 Articles of iron or steel 1.282 97.1 96.7 -3.6 -0.3 -0.1 0.3 -0.4 74 Copper and articles thereof 0.430 79.9 79.3 2.6 -3.4 -1.5 -4.1 -0.8 76 Aluminum and articles thereof 0.973 93.4 93.5 8.7 0.4 2.8 -1.5 0.1 83 Miscellaneous articles of base metal 0.412 102.0 101.8 -0.9 -0.2 -0.3 0.2 -0.2 3/ Miscellaneous nonferrous metals and articles, including scrap (9612=100) 0.587 117.7 105.5 n.a. 3.4 2.2 1.1 -10.4 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 30.048 89.4 89.1 -7.1 -0.7 -0.7 -1.0 -0.3 84 Specialized machinery & computer equipment 15.628 89.7 89.6 -7.8 -1.0 -0.8 -1.5 -0.1 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 14.420 89.1 88.4 -6.4 -0.1 -0.6 -0.4 -0.8 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 15.823 101.5 101.5 0.6 0.1 0.1 0.2 0.0 87 Motor vehicles and their parts 14.953 101.3 101.3 0.6 0.2 0.0 0.3 0.0 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 3.530 94.0 94.0 -3.7 -0.2 -0.5 0.4 0.0 90 Optical, photographic, measuring and medical instruments 3.014 93.8 93.8 -3.8 -0.3 -0.4 0.3 0.0 91 Clocks and watches and parts thereof 0.375 94.5 94.7 -4.3 -0.6 -0.6 0.4 0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.696 99.8 99.8 -0.6 -0.2 -0.3 0.2 0.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.592 100.2 100.3 0.4 -0.2 -0.5 0.5 0.1 95 Toys, games and sports equipment; parts and accessories thereof 1.819 100.3 100.3 -1.3 -0.1 -0.1 -0.3 0.0 96 Miscellaneous manufactured articles 0.284 94.0 93.7 -2.5 -1.2 -0.7 1.3 -0.3 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for August, September and October 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, November 1996-November 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Nov. July Aug. Sept. Oct. nized Description 1996 1997 1997 1997 1997 System October October November to to to to to 1997 1997 1997 Nov. Aug. Sept. Oct. Nov. 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.925 96.5 96.0 -4.1 2.7 0.1 -1.0 -0.5 02 Meat & edible meat offal 1.053 92.9 93.4 -3.0 0.5 -0.9 -0.3 0.5 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.527 95.3 93.2 -4.1 9.4 3.0 -0.8 -2.2 3/ Other live animals and animal products (9612=100) 0.345 94.8 93.6 n.a. 0.4 -1.1 -3.5 -1.3 II VEGETABLE PRODUCTS 5.238 98.1 99.9 -4.2 -0.4 0.0 -2.6 1.8 07 Edible vegetables and certain roots and tubers 0.299 94.9 104.6 0.2 2.5 -1.9 -3.3 10.2 08 Edible fruit and nuts; peel of citrus fruit or melons 0.742 101.4 90.1 -14.9 -4.0 -6.7 5.0 -11.1 10 Cereals 2.541 92.5 94.0 -6.9 4.0 2.2 -1.7 1.6 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.376 110.2 119.6 4.3 -6.1 0.8 -8.2 8.5 III ANIMAL OR VEGETABLE FATS AND OILS 0.496 98.5 107.4 18.2 -0.2 2.4 3.0 9.0 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.496 102.3 101.6 -2.3 -0.7 -0.6 -0.7 -0.7 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.326 91.6 89.4 -14.6 -5.4 -9.1 2.6 -2.4 21 Miscellaneous edible preparations 0.363 106.3 105.8 2.1 1.0 1.2 -0.8 -0.5 22 Beverages, spirits, and vinegar 0.330 99.6 99.8 n.a. 0.2 0.4 -0.2 0.2 23 Residues and waste from the food industries; prepared animal feed 0.727 112.2 109.9 -6.6 -0.7 0.0 -3.5 -2.0 24 Tobacco and manufactured tobacco substitutes 1.245 100.8 100.8 n.a. -0.5 0.2 -0.2 0.0 3/ Other prepared foods 0.506 102.0 101.6 n.a. 0.3 0.9 0.0 -0.4 V MINERAL PRODUCTS 2.800 110.4 108.4 -2.5 0.6 0.1 -1.3 -1.8 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 2.227 113.7 112.8 -3.7 0.2 0.4 0.4 -0.8 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 8.769 96.4 96.2 -1.1 -0.7 0.0 -0.3 -0.2 28 Inorganic chemicals 0.922 101.4 101.5 -0.8 -1.9 1.0 -0.2 0.1 29 Organic chemicals 2.829 86.9 86.9 -1.9 -0.7 -0.6 -0.7 0.0 30 Pharmaceutical products 0.885 101.2 101.2 0.1 0.0 0.2 0.6 0.0 31 Fertilizers (9612=100) 0.617 94.7 93.8 n.a. -2.3 0.4 -0.3 -1.0 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.504 102.4 102.4 0.6 -0.4 0.9 0.1 0.0 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.530 103.5 102.7 1.5 -0.5 0.9 -0.8 -0.8 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.313 103.0 103.2 2.1 0.0 1.5 0.0 0.2 37 Photographic or cinematographic goods 0.426 95.1 95.2 -2.1 -0.3 -0.8 -1.0 0.1 38 Miscellaneous chemical products 1.523 103.0 102.6 -0.7 0.0 -0.4 -0.2 -0.4 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.300 96.5 96.3 -0.2 -0.9 -0.6 0.1 -0.2 39 Plastics and articles thereof 3.409 95.9 95.8 0.2 -0.9 -0.6 0.0 -0.1 40 Rubber and articles thereof 0.891 98.7 98.4 -1.2 -0.9 -0.3 0.2 -0.3 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.565 97.2 98.3 -8.4 1.0 1.4 1.4 1.1 41 Raw hides and skins (other than furskins) and leather 0.415 95.9 97.5 -5.9 0.9 1.9 1.8 1.7 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.235 89.8 88.2 -8.3 -0.5 -1.2 -1.9 -1.8 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 3.024 80.0 79.8 2.7 0.9 -0.8 1.0 -0.3 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.741 66.9 66.0 11.5 1.8 -2.5 2.9 -1.3 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.493 85.5 85.8 0.1 0.9 -0.4 0.5 0.4 49 Printed material 0.790 106.7 106.7 1.3 0.0 0.1 0.1 0.0 XI TEXTILE AND TEXTILE ARTICLES 3.251 94.1 93.5 0.9 0.3 0.4 -0.2 -0.6 52 Cotton, including yarns and woven fabrics thereof 0.713 83.3 81.1 -1.6 0.4 -0.6 -0.6 -2.6 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. 0.842 102.9 102.7 n.a. -0.8 0.0 0.1 -0.2 70 Glass and glassware 0.485 101.4 101.2 n.a. 0.1 0.1 0.0 -0.2 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.885 97.7 98.0 -3.3 -1.2 -0.3 0.7 0.3 XV BASE METALS AND ARTICLES OF BASE METALS 4.583 95.8 96.1 4.0 -0.2 -0.4 -0.8 0.3 72 Iron and steel 0.963 93.1 93.1 1.0 0.1 -1.2 -0.9 0.0 73 Articles of iron or steel 1.247 107.5 107.4 4.9 -0.9 0.2 0.1 -0.1 74 Copper and articles thereof 0.409 78.8 78.9 -0.4 -2.7 -3.3 -3.4 0.1 76 Aluminum and articles thereof 0.877 88.9 90.6 10.1 0.5 0.9 -1.2 1.9 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof 0.410 103.3 103.2 n.a. 0.0 0.0 0.0 -0.1 83 Miscellaneous articles of base metal 0.375 101.3 101.5 2.3 0.0 0.0 0.0 0.2 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 36.650 96.5 96.5 -2.0 0.2 -0.7 -0.3 0.0 84 Specialized machinery & computer equipment 20.369 97.3 97.3 -1.4 0.2 -0.1 -0.3 0.0 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 16.281 95.5 95.6 -2.6 0.0 -1.4 -0.3 0.1 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 13.612 104.8 104.9 1.6 0.0 0.0 0.1 0.1 87 Motor vehicles and their parts 9.433 102.0 102.1 0.6 -0.1 -0.1 0.1 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 5.348 102.1 102.2 0.8 -0.1 0.2 -0.2 0.1 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.764 102.2 102.4 1.1 0.0 -0.2 0.0 0.2 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.864 103.6 103.9 1.6 0.2 -0.6 0.3 0.3 95 Toys, games and sports equipment; parts and accessories thereof 0.728 100.9 101.0 0.8 0.0 0.1 -0.2 0.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for August, September and October 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, November 1996-November 1997 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports Nov. July Aug. Sept. Oct. Description 1/ 1996 1997 1997 1997 1997 1995 Oct. Nov. to to to to to 1997 1997 Nov. Aug. Sept. Oct. Nov. 2/ 1997 1997 1997 1997 1997 3/ Developed Countries 55.6 97.2 97.3 -2.7 0.3 -0.3 -0.1 0.1 Manufactured Goods 52.2 96.8 96.9 -2.0 0.3 -0.4 -0.2 0.1 Nonmanufactured Goods 3.1 107.6 107.0 -12.2 1.5 0.8 1.9 -0.6 3/ Developing Countries 42.7 101.8 100.9 -4.1 0.4 -0.5 0.7 -0.9 Manufactured Goods 35.4 98.7 98.1 -2.5 -0.2 -0.3 -0.2 -0.6 Nonmanufactured Goods 7.1 111.7 109.2 -11.4 2.9 -1.2 4.9 -2.2 Canada 18.9 99.6 99.4 -1.3 0.3 0.4 -0.1 -0.2 Manufactured Goods 16.5 98.5 98.3 0.2 0.1 0.3 -0.6 -0.2 Nonmanufactured Goods 2.2 111.7 112.0 -9.8 1.4 1.5 3.3 0.3 4/ European Union 17.0 100.4 100.6 -2.2 0.2 -0.6 0.2 0.2 Manufactured Goods 16.4 100.4 100.7 -1.5 0.0 -0.4 0.3 0.3 Nonmanufactured Goods 0.5 101.4 98.9 -23.2 3.5 -3.5 -4.3 -2.5 Japan 16.6 91.8 91.5 -5.0 -0.3 -0.2 -0.8 -0.3 5/ Asian Newly Industrialized Countries 10.9 93.8 92.7 -4.7 0.0 -0.8 -0.1 -1.2 1 Regions are not mutually exclusive. 2 Data for August, September and October 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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