Technical information: USDL-07-1884 (202) 691-7101 Transmission of this Media contact: material is embargoed (202) 691-5902 until 8:30 A.M. E.S.T. Internet address: http://www.bls.gov/mxp Wednesday, December 12, 2007 U.S. IMPORT AND EXPORT PRICE INDEXES - NOVEMBER 2007 - The U.S. Import Price Index increased 2.7 percent in November, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The increase was the largest monthly advance since October 1990 and was led by a 9.8 percent rise in petroleum prices. Prices for U.S. exports rose 0.9 percent in November after a 0.8 percent increase the previous 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 2006 November 0.4 -1.6 1.0 0.4 4.4 0.1 December 1.1 4.0 0.5 0.6 2.4 0.5 2007 January -1.2 -6.6 -0.1 0.4 0.6 0.5 February 0.4 1.7 0.0 0.8 2.8 0.6 March 1.6 8.5 0.3 0.7 2.1 0.6 April 1.4 6.8 0.3 0.4 -1.4 0.5 May 0.9 2.7 0.6 0.3 -0.1 0.4 June 1.2 4.8 0.3 0.4 2.7 0.2 July 1.2 6.0 0.1 0.1 1.6 -0.1 August -0.3 r -1.5 r 0.0 0.2 1.0 0.1 r September 0.6 r 2.9 r -0.1 r 0.3 4.2 r 0.0 r October 1.4 r 5.1 r 0.5 0.8 r 3.8 r 0.5 November 2.7 9.8 0.7 0.9 1.4 0.8 November 2005-06 1.3 1.1 1.4 3.9 10.3 3.4 November 2006-07 11.4 53.0 3.0 6.1 23.0 4.6 r = revised to reflect late reports and corrections by respondents. Import Goods The 2.7 percent advance in import prices in November followed increases of 1.4 percent and 0.6 percent the two previous months. Over the past 12 months, the price index for petroleum imports was up 53.0 percent, while overall import prices increased 11.4 percent, the largest annual advance since the index was first published in September 1982. While the rise in petroleum prices was the largest contributor to the November increase, nonpetroleum prices also advanced, rising 0.7 percent. The increase in nonpetroleum prices in November followed a 0.5 percent rise in October. Nonpetroleum prices advanced 3.0 percent over the past year. A 2.7 percent increase in the price index for nonpetroleum industrial supplies and materials was the largest contributor to the overall rise in nonpetroleum prices in November. The advance followed a 1.4 percent increase in October. The increase was largely attributable to a sharp rise in natural gas prices. Excluding prices for petroleum and natural gas, prices for industrial supplies and materials rose 1.2 percent. Prices for chemicals, gold, and other precious metals contributed to the advance. Capital goods prices rose 0.2 percent in November, continuing an upward trend over the past seven months. The increase was led by higher prices for industrial and service machinery as well as computers. Prices for automotive vehicles and for consumer goods also increased in November. Automotive vehicle prices rose 0.3 percent for the second consecutive month, while prices for consumer goods ticked up 0.2 percent after rising 0.1 percent in each of the previous two months. In contrast, the price index for foods, feeds, and beverages fell 0.2 percent in November. Lower prices for meat and fruit both contributed to the decrease. Export Goods The 0.9 percent increase in export prices was the largest one-month gain in the index since a 1.0 percent increase in April 1995. Higher prices for both agricultural and nonagricultural exports contributed to the advance. Agricultural prices increased 1.4 percent in November after a 3.8 percent rise the previous month and advanced 23.0 percent over the past year. In November, higher prices for corn and soybeans more than offset lower prices for wheat. Nonagricultural prices increased 0.8 percent in November after recording a 0.5 percent rise the previous month. For the year ended in November, nonagricultural prices rose 4.6 percent while overall export prices advanced 6.1 percent, the largest annual advance since July 1995. The November increase in nonagricultural prices was led by a 2.3 percent rise in the price index for nonagricultural industrial supplies and materials. The advance followed a 1.1 percent increase in October. Rising prices for fuel, metals, and chemicals drove the index upward. Each of the major finished goods indexes also recorded advances in November. The price indexes for consumer goods and capital goods rose 0.3 percent and 0.1 percent, respectively. Automotive vehicle prices ticked up 0.1 percent in November, following a 0.2 percent advance in October. Imports by Locality of Origin Prices for imports from China rose for the seventh consecutive month in November, increasing 0.2 percent. The index had also advanced 0.2 percent in October and September. Over the past 12 months, the index rose 2.3 percent after declining 1.3 percent for the November 2005-2006 period. Import prices from Canada and from the European Union advanced 4.7 percent and 0.7 percent, respectively, in November. Higher fuel prices and a decline in the value of the dollar contributed to the increases. For the year ended in November, prices for imports from Canada rose 12.9 percent while import prices from the European Union were up 3.3 percent. The price index for imports from Mexico also increased, rising 1.9 percent in November and 14.2 percent over the past year. In contrast, the price index for imports from Japan edged down 0.1 percent in November. Prices for imports from Japan fell 0.2 percent for the year ended in November. Import and Export Services The price index for export travel and tourism, which is lagged one month, increased 1.1 percent in October after a 2.1 percent advance in September. Import air passenger fares decreased for the third consecutive month in November, falling 3.0 percent following a 5.6 percent drop in October. The decline in November was driven by lower seasonal European fares, which decreased 7.7 percent. Despite the recent drops, the index rose 5.8 percent over the past 12 months. Export air passenger fares fell 1.2 percent in November, but advanced 11.5 percent over the past year. The price indexes for import air freight and export air freight each rose in November, advancing 2.1 percent and 0.3 percent, respectively. For the year ended in November, import air freight prices increased 6.4 percent and prices for export air freight rose 3.9 percent. CONTENTS OF RELEASE This news release includes the following tables: Table 1 U.S. Import Price Indexes, by End Use Table 2 U.S. Export Price Indexes, by End Use Table 3 U.S. Import Price Indexes, by NAICS Table 4 U.S. Export Price Indexes, by NAICS Table 5 U.S. Import Price Indexes, by Harmonized System Table 6 U.S. Export Price Indexes, by Harmonized System Table 7 U.S. Import Price Indexes, by Locality of Origin Table 8 U.S. International Price Indexes for Selected Transportation Services Table 9 U.S. Export Price Indexes for Travel and Tourism Services Table 10 U.S. Export Price Indexes for Postsecondary Education Services ------------------------------------------------------------------- Import and Export Price Index data for December 2007 are scheduled for release on January 11, 2008 at 8:30 A.M. (E.S.T.). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods November 2006-November 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. END Description 2006 2007 2007 2007 2007 USE October October November to to to to to 2007 2007 2007 Nov. Aug. Sept. Oct. Nov. 1/ 2007 2007 2007 2007 2007 ALL COMMODITIES.......................................... 100.000 123.5 126.8 11.4 -0.3 0.6 1.4 2.7 ALL IMPORTS EXCLUDING PETROLEUM.......................... 78.868 107.6 108.4 3.0 0.0 -0.1 0.5 0.7 ALL IMPORTS EXCLUDING FUELS (Dec. 2001=100)................................... 76.728 110.5 111.0 3.0 0.3 0.0 0.4 0.5 0 FOODS, FEEDS, & BEVERAGES.............................. 4.394 133.2 133.0 9.4 0.5 1.3 1.1 -0.2 00 Agricultural foods, feeds & beverages, excluding distilled beverages............. 3.376 146.5 146.5 10.8 0.5 1.5 1.5 0.0 01 Nonagricultural foods (fish, distilled beverages) 1.018 103.3 102.7 4.7 0.5 0.3 -0.2 -0.6 1 INDUSTRIAL SUPPLIES & MATERIALS........................ 38.403 197.1 210.1 29.5 -1.3 1.1 3.4 6.6 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM........................... 17.273 143.0 146.8 7.9 -1.0 -1.1 1.4 2.7 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING FUELS (Dec. 2001=100)............... 15.133 153.0 154.9 7.6 0.4 -0.7 1.2 1.2 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE....................................... 9.776 147.1 148.7 7.6 0.3 -1.4 0.5 1.1 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM................ 5.357 137.2 143.6 8.1 -2.7 -0.6 2.7 4.7 10 Fuels & lubricants............................... 23.270 261.9 288.2 47.4 -2.3 2.3 4.9 10.0 100 Petroleum & petroleum products............... 21.130 277.4 304.7 53.0 -1.5 2.9 5.1 9.8 10000 Crude................................ 15.115 284.1 305.3 53.0 0.3 2.6 5.2 7.5 101 Fuels, n.e.s.-coals & gas.................... 1.728 156.7 179.5 4.1 -11.5 -2.1 9.0 14.6 10110 Gas-natural.......................... 1.551 149.8 174.1 3.3 -12.6 -2.8 9.7 16.2 11 Paper & paper base stocks........................ 0.809 111.8 114.1 0.8 0.4 0.5 0.5 2.1 12 Materials associated with nondurable supplies & materials...................... 4.627 131.7 133.7 8.7 0.6 0.7 2.7 1.5 13 Selected building materials...................... 1.880 115.7 116.2 4.9 -0.3 0.3 -1.0 0.4 14 Unfinished metals related to durable goods....... 4.538 211.0 214.7 10.8 0.1 -2.9 1.0 1.8 15 Finished metals related to durable goods......... 1.727 136.4 137.4 8.1 1.7 -1.0 1.2 0.7 16 Nonmetals related to durable goods............... 1.552 102.9 103.3 1.7 0.1 0.3 0.4 0.4 2 CAPITAL GOODS.......................................... 20.954 91.9 92.1 0.8 0.2 0.1 0.0 0.2 20 Electric generating equipment.................... 2.578 106.6 107.0 4.0 0.6 0.1 0.1 0.4 21 Nonelectrical machinery.......................... 16.740 87.6 87.8 0.0 0.2 0.0 0.0 0.2 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............ 1.636 114.0 114.0 4.4 0.1 0.0 0.5 0.0 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 13.415 105.5 105.8 1.4 0.2 0.2 0.3 0.3 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES..................................... 22.832 102.2 102.4 1.7 0.3 0.1 0.1 0.2 40 Nondurables, manufactured........................ 10.562 105.2 105.2 2.0 0.1 0.2 0.1 0.0 41 Durables, manufactured........................... 11.138 98.9 99.3 1.2 0.5 0.0 0.1 0.4 42 Nonmanufactured consumer goods................... 1.132 103.2 103.3 1.6 0.3 0.0 -0.2 0.1 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods November 2006-November 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. END Description 2006 2007 2007 2007 2007 USE October October November to to to to to 2007 2007 2007 Nov. Aug. Sept. Oct. Nov. 1/ 2007 2007 2007 2007 2007 ALL COMMODITIES............................................. 100.000 117.6 118.6 6.1 0.2 0.3 0.8 0.9 AGRICULTURAL COMMODITIES.................................... 9.221 162.8 165.0 23.0 1.0 4.2 3.8 1.4 NONAGRICULTURAL COMMODITIES................................. 90.779 114.4 115.3 4.6 0.1 0.0 0.5 0.8 0 FOODS, FEEDS, & BEVERAGES................................. 8.404 164.1 166.0 22.2 1.5 4.2 4.0 1.2 00 Agricultural foods, feeds & beverages, excluding distilled beverages................ 7.702 167.6 169.9 23.7 1.5 4.6 4.2 1.4 01 Nonagricultural foods (fish, distilled beverages)... 0.702 134.0 132.8 8.5 1.5 0.6 0.8 -0.9 1 INDUSTRIAL SUPPLIES & MATERIALS........................... 30.049 150.4 153.8 11.6 0.1 0.0 1.1 2.3 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE.......................................... 11.558 157.8 159.7 8.9 0.4 -0.6 1.5 1.2 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE....................................... 18.491 146.8 151.0 13.4 -0.1 0.4 0.9 2.9 10 Agricultural industrial supplies & materials........ 1.519 142.6 144.5 20.2 -0.9 1.9 1.9 1.3 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS.................................. 28.531 151.1 154.5 11.2 0.1 -0.1 1.1 2.3 11 Fuels & lubricants.................................. 4.494 204.3 222.4 23.2 -2.7 1.8 1.7 8.9 12 Nonagricultural supplies & materials excluding fuels & building materials......... 22.933 146.4 148.1 9.3 0.8 -0.5 1.0 1.2 13 Selected building materials......................... 1.104 114.5 113.9 3.1 -0.1 0.4 0.1 -0.5 2 CAPITAL GOODS............................................. 38.844 100.1 100.2 1.4 0.1 0.1 0.2 0.1 20 Electrical generating equipment..................... 3.647 107.1 107.1 1.0 0.1 0.0 0.4 0.0 21 Nonelectrical machinery............................. 28.082 93.2 93.3 0.8 0.0 0.0 0.1 0.1 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............... 7.115 124.0 124.5 4.9 0.3 0.2 0.5 0.4 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES...................... 10.352 106.4 106.5 1.1 0.0 0.0 0.2 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES........................................ 12.350 106.5 106.8 2.8 0.2 -0.1 0.3 0.3 40 Nondurables, manufactured........................... 5.890 107.5 108.2 4.3 0.2 -0.2 0.5 0.7 41 Durables, manufactured.............................. 5.394 104.3 104.3 1.4 0.2 0.0 0.1 0.0 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods November 2006-November 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. NAICS Description 2006 2007 2007 2007 2007 October October November to to to to to 2007 2007 2007 Nov. Aug. Sept. Oct. Nov. 1/ 2007 2007 2007 2007 2007 Nonmanufactured articles...................................... 19.294 128.0 138.0 42.6 -1.2 2.1 5.2 7.8 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 1.535 118.7 118.8 12.8 0.1 1.0 1.5 0.1 111 Agricultural products............................. 1.092 121.8 123.1 18.6 0.7 2.0 1.8 1.1 21 OIL, GAS, MINERALS AND ORES........................... 17.759 128.9 139.8 45.6 -1.3 2.2 5.5 8.5 212 Minerals and ores (Dec. 2006=100)................. 0.393 104.2 105.1 n.a. 0.0 0.9 0.7 0.9 Manufactured articles......................................... 80.125 106.8 108.3 5.5 -0.1 0.1 0.6 1.4 31 MANUFACTURED GOODS, PART 1............................ 10.151 105.6 105.7 4.2 0.2 0.6 0.5 0.1 311 Food and kindred products......................... 2.476 115.8 116.0 11.9 0.8 1.0 1.3 0.2 312 Beverages and tobacco products.................... 0.782 103.4 103.8 1.7 0.2 0.0 0.2 0.4 313 Textiles and fabrics.............................. 0.492 108.3 108.2 4.3 0.5 -0.2 1.0 -0.1 314 Textile mill products............................. 0.747 100.3 100.4 -0.1 0.2 -0.8 0.1 0.1 315 Apparel and accessories........................... 4.208 102.1 102.1 2.2 0.1 0.7 0.0 0.0 316 Leather and allied products....................... 1.446 102.9 103.1 2.1 0.0 0.6 0.3 0.2 32 MANUFACTURED GOODS, PART 2............................ 17.967 112.5 118.2 16.6 -1.4 1.0 1.4 5.1 321 Wood products..................................... 1.194 93.3 93.6 4.0 -0.4 0.0 -2.1 0.3 322 Paper............................................. 1.319 104.8 106.3 0.9 0.3 0.2 0.7 1.4 324 Petroleum and coal products....................... 4.788 125.0 145.1 51.3 -5.9 3.9 4.8 16.1 325 Chemicals......................................... 7.811 112.8 114.3 9.0 0.4 -0.3 0.3 1.3 326 Plastics and rubber products...................... 1.652 105.1 105.3 1.8 0.3 0.2 0.7 0.2 327 Nonmetallic mineral products...................... 1.097 108.5 109.0 5.5 0.3 0.0 1.0 0.5 33 MANUFACTURED GOODS, PART 3............................ 52.007 105.2 105.6 2.1 0.4 -0.3 0.3 0.4 331 Primary metals.................................... 5.358 145.8 148.9 11.3 0.3 -2.9 1.0 2.1 332 Fabricated metal products, nesoi.................. 2.507 110.3 110.8 5.3 0.6 -0.1 0.7 0.5 333 Machinery, except electrical...................... 6.545 106.7 107.0 4.3 0.4 0.1 0.4 0.3 334 Computer and electronic products.................. 13.631 94.6 94.7 -2.9 0.2 0.0 -0.3 0.1 335 Electrical equipment, appliances, and components.. 3.590 107.7 108.1 4.4 0.6 0.1 0.3 0.4 336 Transportation equipment.......................... 14.172 102.3 102.6 1.9 0.1 0.3 0.3 0.3 337 Furniture and fixtures............................ 1.429 102.1 102.3 1.6 0.0 0.2 0.3 0.2 339 Miscellaneous manufactured commodities............ 4.775 107.4 108.0 2.8 0.9 0.0 0.2 0.6 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods November 2006-November 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. NAICS Description 2006 2007 2007 2007 2007 October October November to to to to to 2007 2007 2007 Nov. Aug. Sept. Oct. Nov. 1/ 2007 2007 2007 2007 2007 Nonmanufactured articles...................................... 6.973 133.7 134.7 21.5 0.6 5.5 7.1 0.7 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 5.369 149.3 150.5 30.4 1.1 7.5 7.3 0.8 111 Agricultural products............................. 4.955 153.8 155.7 33.5 1.2 8.1 7.9 1.2 21 OIL, GAS, MINERALS AND ORES........................... 1.604 99.1 99.6 -1.6 -1.1 -0.7 6.8 0.5 211 Oil and gas....................................... 0.542 96.3 98.5 -4.4 -3.5 1.6 14.4 2.3 212 Minerals and ores................................. 1.062 100.6 100.2 -0.2 0.0 -1.7 3.2 -0.4 Manufactured articles......................................... 90.119 106.5 107.4 4.7 0.1 0.0 0.3 0.8 31 MANUFACTURED GOODS, PART 1............................ 6.829 112.4 113.6 10.7 0.9 0.4 0.4 1.1 311 Food and kindred products......................... 4.293 121.0 123.1 17.3 1.3 0.7 0.5 1.7 312 Beverages and tobacco products.................... 0.488 104.2 104.7 5.0 0.5 0.3 1.3 0.5 313 Textiles and fabrics.............................. 0.951 98.7 98.7 0.6 0.1 -0.1 0.3 0.0 315 Apparel and accessories........................... 0.547 100.5 100.5 0.4 0.0 0.0 0.0 0.0 32 MANUFACTURED GOODS, PART 2............................ 22.854 112.0 114.6 10.1 0.3 0.0 0.3 2.3 321 Wood products..................................... 0.560 111.3 110.6 5.6 0.0 0.4 0.1 -0.6 322 Paper............................................. 2.101 111.1 111.8 3.8 0.4 0.3 0.0 0.6 324 Petroleum and coal products....................... 2.618 127.8 144.9 38.3 -4.6 3.3 0.7 13.4 325 Chemicals......................................... 14.328 111.1 112.2 8.2 1.1 -0.5 0.2 1.0 326 Plastics and rubber products...................... 2.302 105.8 106.4 2.9 0.6 0.2 0.3 0.6 327 Nonmetallic mineral products...................... 0.840 106.8 107.6 4.8 -0.6 -0.1 0.2 0.7 33 MANUFACTURED GOODS, PART 3............................ 60.436 103.9 104.2 2.1 0.0 -0.1 0.3 0.3 331 Primary metals.................................... 4.181 125.7 128.7 9.2 0.0 -1.4 1.9 2.4 332 Fabricated metal products, nesoi.................. 2.772 112.6 112.7 5.0 -0.3 0.0 0.2 0.1 333 Machinery, except electrical...................... 12.060 106.1 106.2 3.3 0.2 0.0 0.3 0.1 334 Computer and electronic products.................. 16.760 96.0 96.1 -1.4 -0.2 0.0 -0.1 0.1 335 Electrical equipment, appliances, and components.. 3.566 105.1 105.1 2.7 0.1 0.1 0.3 0.0 336 Transportation equipment.......................... 16.334 104.8 105.0 2.4 0.2 0.1 0.3 0.2 339 Miscellaneous manufactured commodities............ 4.424 104.9 104.9 2.5 0.1 0.1 0.5 0.0 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods November 2006-November 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Nov. July Aug. Sept. Oct. nized Description 2006 2007 2007 2007 2007 System October October November to to to to to 2007 2007 2007 Nov. Aug. Sept. Oct. Nov. 1/ 2007 2007 2007 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.141 126.0 122.9 2.6 0.5 -0.6 -1.6 -2.5 02 Meat and edible meat offal.......................... 0.305 148.7 145.5 1.6 0.3 -0.4 0.6 -2.2 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.569 99.8 98.7 2.6 0.0 0.0 -1.6 -1.1 II VEGETABLE PRODUCTS........................................ 1.247 144.5 143.0 16.1 0.6 4.2 3.1 -1.0 07 Edible vegetables, roots, and tubers................ 0.315 191.5 195.5 19.0 0.1 -2.3 -3.6 2.1 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.399 108.6 102.8 17.4 1.7 13.0 7.5 -5.3 09 Coffee, tea, mate and spices........................ 0.251 151.4 149.6 10.2 1.2 1.6 3.2 -1.2 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.023 126.6 127.4 6.6 0.3 0.5 0.5 0.6 20 Preparations of vegetables, fruit, nuts, or other parts of plants............... 0.272 129.8 132.5 11.6 0.1 4.6 1.3 2.1 22 Beverages, spirits, and vinegar..................... 0.751 111.1 111.2 0.8 0.2 -0.1 -0.2 0.1 V MINERAL PRODUCTS.......................................... 22.996 258.5 283.5 45.9 -2.2 2.5 5.3 9.7 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 22.607 258.5 283.8 46.7 -2.3 2.6 5.4 9.8 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 7.070 125.9 127.1 8.2 0.2 -0.3 0.5 1.0 28 Inorganic chemicals................................. 0.879 204.2 207.1 20.4 -1.4 -4.5 -7.5 1.4 29 Organic chemicals................................... 2.532 124.2 126.1 4.3 0.4 0.4 2.6 1.5 30 Pharmaceutical products............................. 1.940 109.2 109.3 3.7 0.3 0.3 0.0 0.1 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty............ 0.171 102.4 102.6 1.0 0.0 0.2 0.0 0.2 33 Essential oils and resinoids (Dec. 2001=100)........ 0.400 114.2 114.3 3.5 -0.1 0.2 0.2 0.1 38 Miscellaneous chemical products..................... 0.419 99.0 99.8 5.7 0.5 0.2 0.3 0.8 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 2.870 124.0 124.9 3.1 0.2 0.3 0.7 0.7 39 Plastics and articles thereof....................... 1.860 121.1 121.8 2.4 0.0 0.3 0.5 0.6 40 Rubber and articles thereof......................... 1.010 129.6 130.9 4.5 0.2 0.3 1.2 1.0 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.591 110.0 110.1 4.2 0.1 1.1 0.7 0.1 42 Articles of leather; travel goods, bags, etc. of various materials.................... 0.515 110.5 110.6 4.6 0.1 1.4 0.8 0.1 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 1.254 114.3 114.8 3.5 -0.6 0.0 -2.3 0.4 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 1.505 109.3 110.6 1.3 0.3 0.4 0.6 1.2 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.018 104.3 105.9 -0.3 0.1 0.3 0.2 1.5 49 Printed matter...................................... 0.269 117.3 117.6 2.5 0.0 0.7 0.2 0.3 XI TEXTILE AND TEXTILE ARTICLES.............................. 5.260 102.9 102.9 1.8 0.1 0.4 0.1 0.0 61 Articles of apparel and clothing accessories, knitted or crocheted............ 1.864 100.6 100.6 0.4 0.0 0.1 0.0 0.0 62 Articles of apparel and clothing accessories, not knitted or crocheted........ 2.144 102.8 102.7 3.3 0.1 1.2 0.0 -0.1 63 Made-up or worn textile articles.................... 0.499 92.5 92.5 -2.0 0.0 -1.7 0.0 0.0 XII HEADGEAR, UMBRELLAS, ARTIFICIAL FLOWERS, ETC............................. 1.198 102.2 102.3 1.4 0.0 0.0 0.2 0.1 64 Footwear and parts of such articles................ 1.012 102.0 102.2 1.0 0.1 -0.1 0.2 0.2 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.949 112.7 113.1 4.0 0.3 0.0 0.8 0.4 68 Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100)............ 0.330 104.7 104.7 1.6 0.1 -0.5 1.2 0.0 69 Ceramic products.................................... 0.304 120.5 121.1 7.1 0.0 0.7 0.8 0.5 70 Glass and glassware................................. 0.316 112.2 112.9 3.8 0.6 0.0 0.3 0.6 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 2.831 136.8 140.3 12.3 1.7 -0.5 2.2 2.6 XV BASE METALS AND ARTICLES OF BASE METAL.................... 6.406 170.6 171.8 5.9 0.1 -2.3 0.2 0.7 72 Iron and steel...................................... 1.539 206.5 206.3 11.3 0.1 -1.8 0.3 -0.1 73 Articles of iron or steel........................... 1.448 132.1 132.6 5.4 0.7 -0.1 1.1 0.4 74 Copper and articles thereof......................... 0.897 306.4 314.5 9.0 4.8 -4.3 1.1 2.6 76 Aluminum and articles thereof....................... 1.023 138.8 139.1 -2.2 1.3 -2.4 -2.2 0.2 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.346 109.2 110.8 3.3 0.4 0.6 0.2 1.5 83 Miscellaneous articles of base metal................ 0.464 126.1 126.2 2.7 0.4 0.2 0.2 0.1 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC................. 23.538 88.3 88.4 0.3 0.3 0.0 0.0 0.1 84 Machinery and mechanical appliances; parts thereof.. 12.197 89.0 89.1 0.8 0.3 0.0 0.1 0.1 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts........ 11.341 87.5 87.8 0.0 0.2 0.0 -0.2 0.3 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 12.310 106.8 107.1 1.6 0.1 0.2 0.4 0.3 87 Motor vehicles and their parts...................... 11.358 106.0 106.3 1.6 0.1 0.2 0.4 0.3 88 Aircraft, spacecraft, and parts thereof (Dec. 2002=100)...................... 0.841 110.3 110.4 2.5 0.1 0.0 0.8 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 2.878 99.5 99.6 0.0 0.3 0.1 0.1 0.1 90 Optical, photographic, measuring and medical instruments.......................... 2.554 97.7 97.8 -0.3 0.2 0.1 0.1 0.1 91 Clocks and watches and parts thereof................ 0.238 117.1 117.3 3.6 0.3 0.2 0.3 0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 3.706 101.8 101.8 1.5 0.1 0.2 0.2 0.0 94 Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldg........ 2.109 105.4 105.5 1.4 0.1 0.1 0.4 0.1 95 Toys, games and sports equipment; parts and accessories thereof...................... 1.394 96.8 96.8 1.3 0.1 0.2 0.0 0.0 96 Miscellaneous manufactured articles................. 0.202 106.7 106.7 4.7 0.0 0.1 -0.4 0.0 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods November 2006-November 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Nov. July Aug. Sept. Oct. nized Description 2006 2007 2007 2007 2007 System October October November to to to to to 2007 2007 2007 Nov. Aug. Sept. Oct. Nov. 1/ 2007 2007 2007 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.596 155.7 153.8 16.9 1.8 0.4 -3.0 -1.2 02 Meat & edible meat offal (Dec. 2006=100)............ 0.852 127.4 124.5 n.a. 2.3 1.4 -3.3 -2.3 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.437 131.9 131.2 11.0 2.1 0.9 1.2 -0.5 II VEGETABLE PRODUCTS........................................ 4.933 191.8 194.7 31.3 1.2 7.9 7.5 1.5 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.697 126.3 128.7 21.1 3.9 2.7 2.9 1.9 10 Cereals............................................. 2.262 221.3 219.7 28.5 2.9 12.0 10.0 -0.7 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder............. 1.309 185.7 194.8 44.3 -0.8 5.2 6.4 4.9 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.348 125.4 127.8 11.0 1.1 1.2 1.9 1.9 21 Miscellaneous edible preparations................... 0.429 115.4 115.6 5.4 3.3 -0.1 0.2 0.2 23 Residues and waste from the food industries; prepared animal feed............. 0.542 162.4 173.3 29.6 1.3 5.3 5.8 6.7 V MINERAL PRODUCTS.......................................... 4.428 247.1 265.9 19.2 -2.9 1.5 2.4 7.6 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 3.712 235.2 256.7 25.0 -3.4 2.2 2.7 9.1 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 11.815 131.8 133.4 7.5 1.1 -1.0 0.2 1.2 28 Inorganic chemicals................................. 1.199 165.3 167.2 7.4 2.1 1.3 -0.7 1.1 29 Organic chemicals................................... 3.741 145.9 149.2 7.4 2.1 -3.3 1.0 2.3 30 Pharmaceutical products............................. 2.497 115.4 116.1 5.2 0.2 -0.1 0.6 0.6 32 Tanning or dyeing extracts, dyes, paints, varnish, putty, & inks............... 0.592 115.3 115.1 3.5 -1.6 -0.1 0.9 -0.2 33 Essential oils and resinoids; perfumery, cosmetic or toilet................ 0.671 117.1 118.9 3.7 0.8 -1.4 0.5 1.5 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes........... 0.399 110.9 112.0 1.4 3.5 0.1 -4.3 1.0 38 Miscellaneous chemical products..................... 1.646 119.4 120.8 6.8 0.1 0.2 -0.5 1.2 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 5.481 133.9 134.6 6.1 0.7 0.3 0.4 0.5 39 Plastics and articles thereof....................... 4.398 129.9 130.5 5.9 0.8 0.5 0.3 0.5 40 Rubber and articles thereof......................... 1.083 150.5 151.9 6.7 0.3 -0.3 0.5 0.9 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.452 118.2 117.6 -2.6 0.0 0.0 -0.8 -0.5 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 0.717 112.9 110.8 1.0 -0.7 0.4 0.1 -1.9 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 2.712 113.5 114.6 7.1 0.3 0.5 0.7 1.0 47 Woodpulp and recovered paper........................ 0.698 120.8 122.6 19.4 0.1 1.6 2.7 1.5 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.433 109.2 109.7 2.6 0.3 0.4 -0.4 0.5 49 Printed material.................................... 0.581 119.6 121.4 5.7 0.3 -0.2 1.1 1.5 XI TEXTILE AND TEXTILE ARTICLES.............................. 2.455 105.2 105.4 3.8 -0.2 0.6 0.7 0.2 52 Cotton, including yarns and woven fabrics thereof... 0.713 103.7 103.6 12.4 -1.5 3.0 2.8 -0.1 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.802 110.4 110.5 6.0 0.0 -0.1 0.4 0.1 70 Glass and glassware................................. 0.432 99.1 99.2 3.9 0.0 -0.2 0.5 0.1 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 3.540 164.6 169.9 24.6 2.5 0.8 4.1 3.2 XV BASE METALS AND ARTICLES OF BASE METALS................... 5.768 161.8 162.1 2.6 -0.8 -1.8 0.1 0.2 72 Iron and steel...................................... 1.463 192.2 194.2 8.3 -2.6 -1.3 0.3 1.0 73 Articles of iron or steel........................... 1.426 147.7 147.5 6.6 -0.5 0.0 0.2 -0.1 74 Copper and articles thereof......................... 0.687 248.4 238.8 -6.3 1.5 -3.3 3.4 -3.9 76 Aluminum and articles thereof....................... 0.954 137.9 139.4 -2.6 0.6 -4.4 -2.2 1.1 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.403 115.8 115.8 3.0 0.1 0.1 0.3 0.0 83 Miscellaneous articles of base metal................ 0.401 128.3 128.3 3.3 0.1 0.1 0.2 0.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC............... 31.306 94.3 94.4 0.5 -0.1 0.0 0.0 0.1 84 Machinery and mechanical appliances; parts thereof.. 17.977 102.9 102.9 0.6 0.0 0.0 0.1 0.0 85 Electrical machinery and equipment and parts and accessories thereof............ 13.329 84.9 85.1 0.5 -0.1 0.0 -0.2 0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 13.634 114.6 114.7 2.1 0.2 0.1 0.3 0.1 87 Motor vehicles and their parts...................... 8.743 106.1 106.1 1.0 0.0 0.1 0.3 0.0 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 6.147 104.6 104.9 2.2 0.4 0.0 0.7 0.3 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 1.440 105.8 106.0 4.3 0.3 -0.1 0.5 0.2 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi;........... 0.786 113.5 113.9 3.4 0.2 -0.4 0.3 0.4 95 Toys, games and sports equipment; parts and accessories thereof...................... 0.492 92.1 92.3 1.1 0.6 0.3 0.9 0.2 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin November 2006-November 2007 2000=100, unless otherwise noted Index Percent Change Annual Monthly Percentage Nov. July Aug. Sept. Oct. Description of 2006 2007 2007 2007 2007 U.S. October November to to to to to Imports 2007 2007 Nov. Aug. Sept. Oct. Nov. 1/ 2007 2007 2007 2007 2007 2/ Industrialized Countries............................ 44.813 121.7 124.6 7.5 -0.2 0.2 1.1 2.4 Nonmanufactured articles....................... 4.582 209.0 229.1 33.0 -3.2 1.9 6.3 9.6 Manufactured articles.......................... 39.766 115.0 116.6 4.6 0.3 0.0 0.4 1.4 3/ Other Countries..................................... 55.187 122.9 126.1 13.8 0.3 0.4 1.6 2.6 Nonmanufactured articles....................... 11.023 251.4 269.5 46.2 -0.2 2.0 4.4 7.2 Manufactured articles.......................... 43.965 104.7 105.8 5.2 0.5 -0.1 0.6 1.1 Canada.............................................. 17.052 137.1 143.6 12.9 -0.2 -0.1 1.6 4.7 Nonmanufactured articles....................... 3.871 200.8 221.4 27.1 -3.6 -0.2 7.0 10.3 Manufactured articles.......................... 12.851 125.4 129.3 8.9 0.7 -0.1 0.1 3.1 4/ European Union...................................... 17.908 122.7 123.5 3.3 -0.2 0.4 0.3 0.7 Nonmanufactured articles....................... 0.389 273.2 290.6 48.2 -4.3 13.4 -0.6 6.4 Manufactured articles.......................... 17.406 120.1 120.7 2.3 0.1 0.1 0.3 0.5 France (Dec. 2003=100).............................. 1.888 110.1 110.4 5.1 0.3 0.1 0.4 0.3 Germany (Dec. 2003=100)............................. 5.008 108.3 108.8 3.5 0.6 0.0 -0.2 0.5 United Kingdom (Dec. 2003=100)...................... 2.845 123.6 125.5 8.8 -1.3 2.1 0.2 1.5 5/ Latin America....................................... 17.619 153.5 158.9 17.1 0.3 0.9 1.2 3.5 Nonmanufactured articles....................... 4.822 256.5 273.3 44.1 -0.6 2.7 2.7 6.5 Manufactured articles.......................... 12.721 132.7 135.3 6.6 0.6 0.1 0.5 2.0 Mexico (Dec. 2003=100).............................. 10.163 132.8 135.3 14.2 0.4 2.1 1.0 1.9 6/ Pacific Rim (Dec. 2003=100)......................... 33.452 99.5 99.6 1.2 0.2 0.3 0.1 0.1 China (Dec. 2003=100)............................... 14.941 99.3 99.5 2.3 0.4 0.2 0.2 0.2 Japan............................................... 8.308 94.0 93.9 -0.2 0.0 0.1 0.1 -0.1 7/ Asian NICs.......................................... 6.124 88.5 88.4 -0.7 0.0 0.1 -0.3 -0.1 8/ ASEAN (Dec. 2003=100)............................... 5.993 97.3 98.1 0.1 0.9 -0.3 -0.3 0.8 9/ Asia Near East (Dec. 2003=100)...................... 3.765 217.4 228.9 39.7 1.0 2.1 5.1 5.3 1 Percentage of trade figures are based on 2005 trade values. 2 Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa. 3 Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere. 4 Includes European Union countries. 5 Includes Mexico, Central America, South America and the Caribbean. 6 Includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and Asian Newly Industrialized Countries. 7 Asian Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan. 8 Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. 9 Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen. NOTES: Data may be revised in each of the three months after original publication. Regions are not mutually exclusive. n.a. Not available Table 8 U.S. International Price Indexes and Percent Changes for Selected Transportation Services November 2006-November 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. Description 2006 2007 2007 2007 2007 October October November to to to to to 2007 2007 2007 Nov. Aug. Sept. Oct. Nov. 1/ 2007 2007 2007 2007 2007 AIR FREIGHT Import Air Freight................................ 100.000 135.3 138.2 6.4 1.3 0.1 0.8 2.1 Europe (Dec. 2003=100)....................... 28.687 137.4 142.8 13.9 2.4 -0.5 2.2 3.9 Asia......................................... 60.582 116.6 118.5 3.5 0.9 0.6 0.3 1.6 Export Air Freight................................ 100.000 120.7 121.1 3.9 0.5 1.3 0.8 0.3 Europe (Dec. 2006=100)....................... 39.483 104.8 105.2 n.a. 0.8 0.5 2.4 0.4 Inbound Air Freight............................... 100.000 130.9 133.8 5.9 1.6 0.2 1.0 2.2 Europe (Dec. 2003=100)....................... 30.524 132.7 138.2 13.2 2.7 -0.5 2.2 4.1 Asia......................................... 56.705 111.3 112.9 2.4 1.2 0.6 0.4 1.4 Outbound Air Freight.............................. 100.000 118.1 119.9 5.0 1.1 0.7 0.9 1.5 Europe (Dec. 2003=100)....................... 41.544 132.3 135.4 5.0 0.8 0.2 0.5 2.3 Asia......................................... 40.081 106.6 107.9 2.9 1.2 -0.2 0.9 1.2 AIR PASSENGER FARES Import Air Passenger Fares........................ 100.000 132.4 128.4 5.8 0.1 -6.3 -5.6 -3.0 Europe....................................... 43.772 132.7 122.5 7.6 0.8 -2.3 -12.7 -7.7 Asia......................................... 23.901 116.2 115.1 5.0 -2.0 -15.5 -2.1 -0.9 Latin America/Caribbean...................... 12.965 124.0 127.3 5.9 0.7 -2.0 2.6 2.7 Export Air Passenger Fares........................ 100.000 153.7 151.8 11.5 3.4 -3.4 -0.6 -1.2 Europe....................................... 31.127 186.7 176.4 9.6 2.9 -7.4 -0.5 -5.5 Asia......................................... 31.056 121.9 118.9 9.9 10.4 -4.2 -3.8 -2.5 Latin America/Caribbean...................... 20.254 168.6 171.3 10.6 -3.2 2.7 0.0 1.6 Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000 133.2 131.6 12.9 3.6 -5.6 -0.7 -1.2 Europe (Dec. 2003=100)....................... 38.815 134.5 128.8 12.1 3.1 -10.7 -0.4 -4.2 Asia (Dec. 2003=100)......................... 29.061 117.8 115.3 9.8 10.8 -3.8 -4.9 -2.1 Latin America/Caribbean (Dec. 2003=100)...... 13.121 131.4 135.4 11.2 -3.2 2.1 1.9 3.0 Canada (Dec. 2003=100)....................... 8.612 191.8 204.8 26.5 1.8 1.3 6.1 6.8 Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000 128.8 124.9 6.1 0.5 -4.8 -4.1 -3.0 Europe (Dec. 2003=100)....................... 39.606 137.0 126.1 6.2 0.8 -3.1 -11.4 -8.0 Asia (Dec. 2003=100)......................... 22.396 115.4 113.6 6.0 -0.3 -11.1 -0.9 -1.6 Latin America/Caribbean (Dec. 2003=100)...... 21.907 115.6 116.4 3.0 0.5 -0.5 1.8 0.7 Canada (Dec. 2003=100)....................... 6.922 183.4 198.3 20.9 5.3 -2.3 5.8 8.1 CRUDE OIL TANKER FREIGHT 2/ Inbound Crude Oil Tanker Freight.................. 100.000 n.a. n.a. n.a. -11.9 -13.3 n.a. n.a. OCEAN LINER FREIGHT Inbound Ocean Liner Freight....................... 100.000 112.4 112.4 -1.5 -0.2 0.0 0.1 0.0 U.S. East Coast.............................. 56.527 117.2 117.3 -1.2 0.1 0.0 0.1 0.1 From Atlantic.......................... 24.433 114.6 115.0 -2.5 0.0 0.0 -0.3 0.3 From Pacific........................... 23.240 122.0 121.8 -0.7 0.2 0.1 -0.4 -0.2 U.S. West Coast.............................. 43.473 109.8 109.7 -1.8 -0.5 0.0 0.1 -0.1 1 Relative importance figures are based on 2005 trade values. 2 Publication of the Crude Oil Tanker Freight Indexes is lagged two months, as are the relative importance figures. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 9 U.S. Export Price Indexes and Percent Changes for Travel and Tourism Services October 2006-October 2007 December 2006=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Oct. June July Aug. Sept. Description 2006 2007 2007 2007 2007 September September October to to to to to 2007 2007 2007 Oct. July Aug. Sept. Oct. 1/ 2007 2007 2007 2007 2007 Export Travel and Tourism............. 100.000 106.3 107.5 n.a. -1.3 0.4 2.1 1.1 From Europe...................... 39.567 106.7 108.3 n.a. -1.3 0.5 2.0 1.5 From Asia........................ 32.125 106.0 106.6 n.a. -1.8 0.2 2.8 0.6 From Latin America/Caribbean..... 15.275 105.7 107.3 n.a. -1.1 0.2 1.7 1.5 From Canada...................... 8.676 106.3 107.6 n.a. -0.1 0.1 1.3 1.2 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 10 U.S. Export Price Indexes and Percent Changes for Postsecondary Education Services Academic Year 2001/02 to 2006/07 Academic Year 2001/02 = 100, unless otherwise noted Relative Index Annual Percent Change Import- ance Academic Year Academic Years Description Academic 2001/02 2002/03 2003/04 2004/05 2005/06 Year 2005/06 2006/07 to to to to to 2005/06 2002/03 2003/04 2004/05 2005/06 2006/07 1/ EXPORT POSTSECONDARY EDUCATION Tuition & Fees and Room & Board......... 100.000 128.8 135.1 6.5 7.5 7.0 5.1 4.9 Graduate............................. 53.006 128.5 134.6 6.4 7.4 7.0 5.1 4.7 Undergraduate........................ 46.994 129.0 135.7 6.6 7.7 6.8 5.2 5.2 Private.............................. 47.874 123.0 129.4 5.2 5.7 5.1 5.2 5.2 Public............................... 52.126 134.2 140.5 7.8 9.2 8.6 5.0 4.7 Tuition & Fees....................... 73.181 131.6 138.2 7.1 8.4 7.8 5.2 5.0 Graduate Tuition & Fees......... 38.417 131.4 137.7 7.0 8.3 7.8 5.2 4.8 Undergraduate Tuition & Fees.... 34.764 131.7 138.8 7.2 8.6 7.6 5.2 5.4 Private Tuition & Fees.......... 35.497 124.3 131.2 5.6 6.1 5.3 5.4 5.6 Public Tuition & Fees........... 37.686 138.7 145.1 8.7 10.7 9.8 5.0 4.6 Room & Board......................... 26.819 121.5 127.1 5.0 5.1 4.9 4.9 4.6 Graduate Room & Board........... 14.589 121.3 127.1 5.0 5.1 5.0 4.7 4.8 Undergraduate Room & Board...... 12.230 121.7 127.2 5.0 5.1 4.9 5.1 4.5 Private Room & Board............ 12.377 119.1 124.3 4.2 4.8 4.5 4.4 4.4 Public Room & Board............ 14.440 123.6 129.5 5.7 5.5 5.2 5.4 4.8 1 Relative importance figures are based on 2005/06 academic year trade values. TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are not seasonally adjusted. Price indexes for merchandise goods are reweighted annually, with a two-year lag in the weights. Published series use a base year of 2000=100 where possible. More detailed index series and additional information may be obtained at http://www.bls.gov/mxp, or by calling (202) 691-7101. Merchandise Goods Classification Systems -- The merchandise price indexes are published using three classification systems. Items are classified, respectively, by end use for the Bureau of Economic Analysis System, industry for the North American Industry Classification System (NAICS), and product category for the Harmonized System (HS). While classification by end use and product category are self-explanatory, a couple of notes are in order for classifying items by industry. In the NAICS tables, for both imports and exports, items are classified by output industry, not input industry. As an example, NAICS import index 326 (plastics and rubber products) would include outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS classification structure also matches the classification system used by the PPI to produce the NAICS primary products indexes. Import Price Indexes -- Products have been classified by the 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 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. Services Price Indexes -- Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represent transactions between U.S. and foreign residents) and International (which represent transactions inbound to and outbound from the U.S.). The Air Passenger Fares Indexes are calculated from data collected from a commercial airline reservation system. These data exclude frequent flyer tickets and those sold by consolidators. The Crude Oil Tanker Freight Indexes are calculated from data collected by the U. S. Department of Energy, and the publication of these indexes is lagged two months. The Air Freight and Ocean Liner Freight Indexes are calculated from data collected directly from companies. The Export Travel and Tourism Indexes are calculated from a subset of BLS Consumer Price Index data, and the publication of these indexes is lagged one month. The indexes are published by the country of residence of those traveling to the United States. Post-secondary Education Indexes are calculated from preliminary data collected by the U.S. Department of Education, and are calculated annually. Export post- secondary education refers to receipts from foreign students studying at U.S. institutions, including colleges, universities, and technical/professional schools. Fact sheets specifying detailed information for each services industry are available at http://www.bls.gov/mxp under "Publications and Other Documentation." Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for the Import Price Indexes. Beginning with January 2002, the indexes are defined by locality of origin using a nomenclature based upon the North American Industry Classification System (NAICS). Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are defined as NAICS 31-33. Revision Policy -- To reflect the availability of late reports and corrections by respondents, monthly data may be revised in each of the three months after original publication. After three months, no further data revisions take place. So, for example, data released in the January release will be subject to revision in the releases for February, March, and April. Uses of the Data -- The primary use of the indexes is to deflate trade statistics, notably the foreign trade sector of the National Income and Product Accounts constructed by the Department of Commerce. Other published indexes are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Income and Product Accounts, 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. Mailing List -- If you wish to be added to the mailing list to receive a copy of the U.S. Import and Export Price Index News Release, please either call the IPP information line at (202) 691-7101 or send e-mail to (mxpinfo@bls.gov) to provide your name and mailing address. You may also contact the IPP at the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212-0001 The information you provide will be used to register you for delivery of selected publications. The Bureau of Labor Statistics (BLS) is authorized to request this information under 5 United States Code (USC) Section 301. Furnishing such information is voluntary; however, BLS may not be able to register you for the subscription service if you fail to do so. As part of helping us assess the quality of our customer service, BLS may contact subscribers with a customer service survey. In addition, the IPP news release is now available through an e-mail subscription service at (http://www.bls.gov/mxp) or (http://www.bls.gov/bls/newsrels.htm). Additional Information -- More detailed IPP data are available on the IPP home page at (http://www.bls.gov/mxp). Flat Files and the FTP server are available for users requiring access to either a large volume of time series data or other IPP-related documentation. The FTP site can be accessed at ftp://ftp.bls.gov. For technical assistance in using the BLS Internet site, send e-mail to (labstat.helpdesk@bls.gov). For IPP data requests, send e-mail to (mxpinfo@bls.gov). Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.