U.S. Import and Export Price Indexes News Release

Transmission of material in this release is embargoed until                                      USDL-24-2519
8:30 a.m. (ET) Friday, December 13, 2024

Technical information: (202) 691-7101 * MXPinfo@bls.gov * www.bls.gov/mxp
Media contact:         (202) 691-5902 * PressOffice@bls.gov


                              U.S. IMPORT AND EXPORT PRICE INDEXES - NOVEMBER 2024                              

Prices for U.S. imports increased 0.1 percent for the second consecutive month in November, the U.S. 
Bureau of Labor Statistics reported today. Higher fuel prices led the November advance. U.S. export prices 
were unchanged in November following a 1.0-percent rise the previous month.

Imports 

The price index for U.S. imports ticked up 0.1 percent in November and October, after declining 0.4 percent 
in September and 0.3 percent in August. U.S. import prices rose 1.3 percent from November 2023 to 
November 2024, the largest over-the-year advance since the index increased 1.7 percent for the year ended 
July 2024. (See table 1.)

Fuel Imports: Import fuel prices advanced 1.0 percent in November following a 0.8-percent decline the 
previous month. Higher prices for natural gas and petroleum in November contributed to the increase in 
import fuel prices. Despite the November rise, prices for import fuel declined 8.6 percent over the past 12 
months. Import petroleum prices advanced 0.4 percent in November, after decreasing 11.6 percent from July 
to October. Prices for import petroleum fell 7.6 percent for the year ended in November. The price index for 
import natural gas increased 47.4 percent in November following a 32.7-percent advance in October. Both 
increases were the largest 1-month advances since the index rose 68.4 percent in December 2022. In spite of 
the recent increases, prices for import natural gas declined 34.5 percent over the past year.  

All Imports Excluding Fuel: Prices for nonfuel imports were unchanged in November, after advancing 0.2 
percent in each of the 2 previous months. Nonfuel import prices have not declined on a monthly basis since 
a 0.2-percent drop in May 2024. Higher prices for foods, feeds, and beverages and consumer goods in 
November offset lower prices for nonfuel industrial supplies and materials, capital goods, and automotive 
vehicles. The price index for nonfuel imports increased 2.3 percent over the past 12 months.           

Foods, Feeds, and Beverages: The price index for import foods, feeds, and beverages rose 1.3 percent in 
November, the largest monthly advance since a 2.0-percent increase in July 2024. A 13.1-percent rise in 
vegetable prices in November drove the advance in foods, feeds, and beverages prices.  

Nonfuel Industrial Supplies and Materials: Nonfuel industrial supplies and materials prices fell 0.2 percent 
in November following advances of 1.2 percent in October and 1.0 percent in September. Lower prices for 
unfinished metals and chemicals led the decline in nonfuel industrial supplies and materials prices. 

Finished Goods: Prices for the major finished goods import categories were mixed in November. Capital 
goods prices edged down 0.1 percent in November, the first monthly decrease since May 2024. The 
November drop was led by lower prices for industrial and service machinery and oil drilling, mining, and 
construction machinery and equipment. Prices for automotive vehicles fell 0.1 percent in November, the 
first 1-month decrease since November 2023. The decline was driven by lower prices for non-engine parts. 
In contrast, the price index for consumer goods ticked up 0.1 percent for the third consecutive month in 
November.

Table A. Percent change in Import and Export Price Indexes, selected categories

Month	IMPORTS			EXPORTS
	All imports	Fuel imports	Nonfuel imports	All exports	Agri- cultural exports	Non- agricultural exports
2023
November	-0.5	-6.3	0.1	-0.7	0.0	-0.8
December	-0.7	-8.0	0.1	-0.7	-0.3	-0.7
2024
January	0.7	1.7	0.6	0.7	-1.4	0.9
February	0.2	1.1	0.1	0.7	0.8	0.7
March	0.6	5.0	0.2	0.1	-1.0	0.3
April	0.9	3.9	0.6	0.7	-0.4	0.8
May	-0.1	0.2	-0.2	-0.7	0.3	-0.8
June	0.1	-1.7	0.2	-0.3	1.1	-0.4
July	0.1	0.0	0.2	0.5	-2.0	0.8
August	-0.3	-3.3	0.0	-0.7	(r)-1.9	-0.6
September	-0.4	(r)-7.2	0.2	-0.6	(r)0.8	(r)-0.7
October	(r)0.1	(r)-0.8	0.2	(r)1.0	(r)1.9	(r)0.8
November	0.1	1.0	0.0	0.0	-0.4	0.1
Nov. 2022 to 2023	-1.6	-11.1	-0.5	-5.1	-10.7	-4.4
Nov. 2023 to 2024	1.3	-8.6	2.3	0.8	-2.5	1.2
Footnotes (r) Revised

Exports 

Prices for U.S. exports were unchanged in November, after increasing 1.0 percent in October and declining 
0.6 percent in September and 0.7 percent in August. Higher nonagricultural prices in November offset lower 
agricultural prices. U.S. export prices rose 0.8 percent over the past year, the largest 12-month advance 
since a 1.2-percent increase from July 2023 to July 2024. (See table 2.)

Agricultural Exports: Agricultural export prices declined 0.4 percent in November following increases of 
1.9 percent in October and 0.8 percent in September. Lower prices for soybeans and fruit in November more 
than offset higher prices for nuts, bakery and confectionery products, and meat. Prices for agricultural 
exports decreased 2.5 percent over the past 12 months.               

All Exports Excluding Agriculture: The price index for nonagricultural exports ticked up 0.1 percent in 
November, after increasing 0.8 percent in October. Higher prices for capital goods and nonagricultural 
foods in November more than offset lower prices for consumer goods. Prices for nonagricultural industrial 
supplies and materials and automotive vehicles were unchanged. Nonagricultural export prices rose 1.2 
percent for the year ended in November, the largest 12-month advance since July 2024.  

Nonagricultural Industrial Supplies and Materials: Prices for nonagricultural industrial supplies and 
materials were unchanged in November following a 1.8-percent advance the previous month. A 1.0-percent 
drop in chemical prices in November offset higher prices for nonferrous metals and fuel.  

Finished Goods: Prices for the major finished goods export categories were mixed in November. The price 
index for export capital goods ticked up 0.1 percent following a 0.3-percent advance in October. Higher 
prices for electrical generating equipment and computers, peripherals, and semiconductors in November led 
the advance in capital goods prices. In contrast, consumer goods prices fell 0.1 percent in November, after 
decreasing 0.2 percent the previous month. Lower prices for manufactured nondurables and durables in 
November each contributed to the decline. Prices for automotive vehicles exports were unchanged in 
November following a 0.6-percent increase in October. Higher prices for new passenger vehicles in 
November offset lower prices for vehicles designed to transport goods. 

More information for the major import and export price indexes can be found at 
www.bls.gov/web/ximpim/largest.htm.

Measures of Import and Export Prices by Locality

Imports by Locality of Origin: Prices for imports from China edged down 0.1 percent for the second 
consecutive month in November. The price index for imports from China has not increased on a monthly 
basis since rising 0.4 percent in October 2022. Import prices from China declined 0.9 percent over the past 
year, the smallest 12-month decrease, despite the recent drops, since February 2023. Prices for imports from 
Japan fell 0.2 percent in November, the largest 1-month decrease since April 2024. The price index for 
imports from Japan also declined 0.2 percent for the year ended in November. Import prices from Canada 
fell 0.4 percent in November, after rising 0.4 percent the previous month. Prices for imports from Canada 
decreased 2.5 percent over the past 12 months. In contrast, import prices from Mexico rose 0.3 percent in 
November following a 0.7-percent drop in October. The price index for imports from the European Union 
was unchanged in November. (See table 7.)
	
Exports by Locality of Destination: Export prices to China fell 0.5 percent in November, after increasing 
2.4 percent the previous month. Prices for exports to China declined 0.8 percent from November 2023 to 
November 2024. The price index for exports to Japan decreased 1.0 percent in November following a 2.6-
percent advance in October. Export prices to Japan rose 3.4 percent over the past year, the largest 12-month 
increase since December 2022. Prices for exports to Canada fell 0.5 percent in November, after rising 0.8 
percent in October. Despite the November drop, the price index for exports to Canada advanced 0.4 percent 
over the past 12 months. Export prices to Mexico decreased 1.1 percent in November following a 1.2-
percent increase the previous month. The price index for exports to the European Union fell 0.4 percent in 
November, after advancing 0.8 percent in October. (See table 8.)

Terms of Trade Indexes: Terms of trade indexes are based on country, region, or grouping and measure 
the change in the purchasing power of exports relative to imports. U.S. terms of trade with China fell 0.4 
percent in November, after increasing 2.5 percent in October. Lower export prices to China in November 
more than offset lower import prices from China. The index for U.S. terms of trade with China ticked up 0.1 
percent over the past year. U.S. terms of trade with Japan declined 0.7 percent in November following a 2.3-
percent advance the previous month. Despite the November drop, U.S. terms of trade with Japan rose 3.6 
percent over the past 12 months. The index for U.S. terms of trade with Canada edged down 0.1 percent in 
November, after rising 0.3 percent in October. U.S. terms of trade with Mexico and the European Union 
decreased 1.4 percent and 0.5 percent, respectively, in November. (See table 9.)

Import and Export Services

Imports: Import air passenger fares fell 4.8 percent in November, after advancing 3.9 percent in October 
and 13.9 percent in September. The index for import air passenger fares also declined over the past 12 
months, decreasing 2.4 percent. Lower Asian and Latin American/Caribbean fares for the year ended in 
November more than offset higher European fares over the same period. In contrast, prices for import air 
freight increased 4.9 percent in November following a 4.9-percent drop the previous month. Higher Asian 
air freight prices in November drove the increase. Prices for import air freight rose 18.6 percent from 
November 2023 to November 2024. (See table 10.)

Exports: Export air passenger fares decreased 0.8 percent in November, after increasing 0.7 percent in 
October. Lower European and Latin American/Caribbean fares in November drove the drop. Export air 
passenger fares declined 1.8 percent over the past year. The index for export air freight prices fell 2.0 
percent in November following a 6.7-percent increase the previous month. Lower Asian air freight prices in 
November led the decrease. Prices for export air freight rose 2.0 percent for the year ended in November.       
		
U.S. Import and Export Price Index data for December 2024 are scheduled for release on Thursday, 
January 16, 2025, at 8:30 a.m. (ET).
__________________________________________________________________________________________________________________

Upcoming Change to Data Source for Import and Export Price Indexes

With the release of the February 2025 U.S. Import and Export Price Indexes news release on March 18, 
2025, BLS import and export price indexes will greatly expand the use of data from a non-survey source. 
Administrative trade records from the U.S. Census Bureau will be used in place of survey data for certain 
goods categories. This transition to an alternative data source will not create a break in series with currently 
published price indexes. Hundreds more detailed import and export price indexes will begin publication, 
starting with a base period of January 2025 = 100. More information is available at 
www.bls.gov/mxp/notices/2024/change-data-source-import-export-price-indexes.htm. 
__________________________________________________________________________________________________________________

Table 1. U.S. import price indexes and percent changes for End Use categories of goods: November 2023 to November 2024 [2000=100, unless otherwise noted]

Description	End Use	Relative import- ance Oct. 2024(1)	Index		Percent change
			Oct. 2024	Nov. 2024	Annual	Monthly
					Nov. 2023 to Nov. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024
All commodities		100.000	141.0	141.2	1.3	-0.3	-0.4	0.1	0.1
All imports excluding food and fuels (Dec. 2010=100)		85.069	109.6	109.6	2.0	0.0	0.3	0.3	0.0
All imports excluding petroleum		92.793	125.5	125.7	2.1	0.0	0.2	0.2	0.2
All imports excluding fuels (Dec. 2001=100)		92.412	129.7	129.7	2.3	0.0	0.2	0.2	0.0
Foods, feeds, & beverages	0	7.343	223.8	226.8	5.4	-0.2	0.1	-1.0	1.3
Agricultural foods, feeds & beverages, excluding distilled beverages	00	5.989	252.0	256.2	5.9	-0.4	-0.1	-1.3	1.7
Nonagricultural foods (fish, distilled beverages)	01	1.353	155.9	155.6	3.7	0.7	0.9	0.4	-0.2
Industrial supplies & materials	1	22.908	241.9	242.5	0.4	-1.4	-2.0	0.5	0.2
Industrial supplies & materials excluding petroleum		15.713	206.5	206.9	4.6	-0.4	0.9	1.3	0.2
Industrial supplies & materials excluding fuels (Dec. 2001=100)		15.307	233.3	232.9	5.7	-0.3	1.0	1.2	-0.2
Industrial supplies & materials, durable		9.906	230.1	230.1	7.7	-0.2	1.4	1.7	0.0
Industrial supplies & materials nondurable excluding petroleum		5.795	178.4	179.4	-0.3	-0.8	-0.1	0.7	0.6
Fuels & lubricants	10	7.588	260.2	262.9	-8.6	-3.3	-7.2	-0.8	1.0
Petroleum & petroleum products	100	7.207	282.8	283.9	-7.6	-3.3	-7.4	-1.2	0.4
Crude petroleum	10000	4.965	293.0	286.6	-10.6	-5.4	-7.0	0.5	-2.2
Fuels, n.e.s.-coals & gas	101	0.229	109.7	133.6	-29.5	-3.9	-4.7	13.1	21.8
Natural gas	10110	0.131	75.9	111.9	-34.5	-9.5	-12.7	32.7	47.4
Paper & paper base stocks	11	0.544	142.5	139.3	-0.9	-0.3	-1.4	0.4	-2.2
Materials associated with nondurable supplies & materials	12	4.869	198.6	198.2	2.6	-0.8	0.3	0.2	-0.2
Unfinished metals related to durable goods	14	3.690	343.3	340.3	9.4	-2.0	1.5	3.3	-0.9
Finished metals related to durable goods	15	2.867	241.8	242.7	13.0	1.6	2.0	1.5	0.4
Capital goods	2	28.640	94.0	93.9	0.8	0.1	0.2	0.1	-0.1
Nonelectrical machinery	21	22.682	84.7	84.6	0.6	0.2	0.1	0.1	-0.1
Transportation equipment excluding motor vehicles (Dec. 2001=100)	22	1.645	157.9	157.8	3.3	0.1	0.1	0.3	-0.1
Automotive vehicles, parts & engines	3	13.736	122.1	122.0	2.4	0.2	0.1	0.2	-0.1
Automotive vehicles, parts and engines, 2 digit (Dec. 2023=100)	30	13.736	102.5	102.4	-	0.2	0.1	0.2	-0.1
Consumer goods, excluding automotives	4	27.373	110.7	110.8	1.2	-0.1	0.1	0.1	0.1
Nondurables, manufactured	40	13.723	127.8	128.0	2.2	-0.1	0.0	-0.2	0.2
Durables, manufactured	41	12.717	95.0	95.1	0.6	0.0	0.2	0.2	0.1
Nonmanufactured consumer goods	42	0.934	119.0	117.9	-4.6	-1.8	1.9	0.5	-0.9
Footnotes (1) Relative importance figures are based on 2022 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 2. U.S. export price indexes and percent changes for End Use categories of goods: November 2023 to November 2024 [2000=100, unless otherwise noted]

Description	End Use	Relative import- ance Oct. 2024(1)	Index		Percent change
			Oct. 2024	Nov. 2024	Annual	Monthly
					Nov. 2023 to Nov. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024
All commodities		100.000	148.7	148.7	0.8	-0.7	-0.6	1.0	0.0
Agricultural commodities		9.409	226.6	225.7	-2.5	-1.9	0.8	1.9	-0.4
All exports excluding food and fuels (Dec. 2010=100)		76.399	117.4	117.4	3.1	0.0	0.3	0.6	0.0
All exports excluding fuels (June 2022=100)		85.095	101.4	101.4	2.7	-0.1	0.3	0.7	0.0
Nonagricultural commodities		90.591	142.6	142.7	1.2	-0.6	-0.7	0.8	0.1
Foods, feeds, & beverages	0	8.696	230.9	230.7	-0.7	-1.8	1.0	1.9	-0.1
Agricultural foods, feeds & beverages, excluding distilled beverages	00	8.293	232.4	232.1	-1.1	-2.0	1.0	1.9	-0.1
Nonagricultural foods (fish, distilled beverages)	01	0.403	200.7	203.1	9.2	1.3	1.3	1.8	1.2
Industrial supplies & materials	1	37.871	197.6	197.4	0.1	-1.3	-1.9	1.8	-0.1
Industrial supplies & materials excluding fuels (Dec. 2020=100)		22.992	122.2	122.0	6.6	0.3	0.7	1.4	-0.2
Industrial supplies & materials, durable		11.779	230.1	231.3	11.0	0.2	0.9	2.8	0.5
Industrial supplies & materials, nondurable		26.092	183.0	182.3	-4.3	-1.8	-3.2	1.4	-0.4
Agricultural industrial supplies & materials	10	1.089	197.2	192.9	-11.4	-1.8	-0.5	1.9	-2.2
Nonagricultural industrial supplies & materials		36.781	197.6	197.6	0.5	-1.2	-2.0	1.8	0.0
Fuels & lubricants	11	14.905	219.2	219.5	-8.5	-3.5	-5.7	2.4	0.1
Nonagricultural supplies & materials excluding fuels & building materials	12	21.111	205.4	205.2	7.9	0.4	0.7	1.4	-0.1
Selected building materials	13	0.765	152.4	152.6	1.7	0.7	-0.1	0.1	0.1
Capital goods	2	31.879	123.8	123.9	2.1	-0.2	0.0	0.3	0.1
Nonelectrical machinery	21	22.674	103.1	103.2	1.5	-0.3	0.0	0.4	0.1
Transportation equipment excluding motor vehicles (Dec. 2001=100)	22	5.663	220.3	220.5	3.9	0.1	0.0	0.0	0.1
Automotive vehicles, parts & engines	3	8.777	130.3	130.3	3.0	0.1	0.0	0.6	0.0
Vehicles-passenger (Dec. 2023=100)	30	8.777	102.5	102.5	-	0.1	0.0	0.6	0.0
Consumer goods, excluding automotives	4	12.776	117.9	117.8	-0.6	0.1	0.3	-0.2	-0.1
Nondurables, manufactured	40	6.795	108.2	108.1	-1.5	-0.1	0.2	0.1	-0.1
Durables, manufactured	41	4.870	121.3	121.2	1.7	0.1	0.4	-0.4	-0.1
Nonmanufactured consumer goods (Dec. 2018=100)	42	1.111	122.1	122.1	-4.0	0.6	0.4	0.0	0.0
Footnotes (1) Relative importance figures are based on 2022 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 3. U.S. import price indexes and percent changes for NAICS industries: November 2023 to November 2024 [December 2005=100, unless otherwise noted]

Description	NAICS	Relative import- ance Oct. 2024(1)	Index		Percent change
			Oct. 2024	Nov. 2024	Annual	Monthly
					Nov. 2023 to Nov. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024
Nonmanufacturing		7.755	144.6	144.4	-6.3	-3.6	-4.8	0.3	-0.1
Agriculture, forestry, fishing and hunting	11	2.265	242.1	246.3	7.4	0.0	0.2	-1.7	1.7
Crop production	111	1.866	251.3	259.0	6.6	-0.5	-0.2	-2.8	3.1
Animal production (Dec. 2022=100)	112	0.266	130.4	121.1	10.1	3.1	1.9	1.9	-7.1
Mining	21	5.490	133.1	132.0	-11.1	-5.0	-6.8	1.1	-0.8
Oil and gas extraction	211	5.222	130.5	129.5	-11.9	-5.4	-7.1	1.1	-0.8
Mining (except oil and gas) (Dec. 2022=100)	212	0.268	121.7	118.3	6.4	4.4	0.0	0.2	-2.8
Manufacturing		91.935	123.1	123.3	1.7	0.0	0.1	0.1	0.2
Manufacturing, part 1	31	11.968	140.1	141.0	2.4	-0.4	0.1	-0.1	0.6
Food manufacturing	311	4.417	193.9	197.0	6.9	-1.1	0.2	-0.3	1.6
Beverage and tobacco product manufacturing	312	1.183	143.5	143.5	1.7	0.2	0.4	0.1	0.0
Textile mills (Dec. 2023=100)	313	0.326	102.6	102.5	-	0.1	-0.4	0.0	-0.1
Textile product mills (Dec. 2023=100)	314	0.890	99.8	99.8	-	-0.4	0.0	0.1	0.0
Apparel manufacturing	315	3.503	118.7	118.8	0.1	0.3	-0.1	-0.1	0.1
Manufacturing, part 2	32	18.786	140.8	141.8	0.7	0.2	-0.9	-0.7	0.7
Paper manufacturing	322	1.005	122.1	120.5	-2.0	-0.3	-1.9	0.2	-1.3
Printing and related support activities (Dec. 2023=100)	323	0.147	100.7	100.7	-	0.0	0.0	0.0	0.0
Petroleum and coal products manufacturing	324	2.047	124.0	132.6	-1.1	1.6	-8.8	-4.7	6.9
Chemical manufacturing	325	11.078	151.1	150.9	1.2	0.0	0.3	-0.3	-0.1
Plastics and rubber products manufacturing	326	2.555	132.2	132.2	0.6	0.2	0.3	-0.2	0.0
Nonmetallic mineral product manufacturing	327	1.097	144.8	145.1	0.4	0.1	0.3	0.0	0.2
Manufacturing, part 3	33	61.181	114.3	114.3	2.1	0.0	0.3	0.4	0.0
Primary metal manufacturing	331	5.168	246.7	246.5	13.9	-0.7	1.6	3.4	-0.1
Fabricated metal product manufacturing	332	3.203	146.4	146.2	0.1	-0.1	0.8	0.1	-0.1
Machinery manufacturing	333	8.000	132.5	132.2	0.5	0.2	0.1	0.1	-0.2
Computer and electronic product manufacturing	334	16.552	72.5	72.7	0.7	0.1	0.1	0.1	0.3
Electrical equipment, appliance, and component manufacturing	335	6.254	125.2	124.2	-1.6	-0.1	0.0	-0.1	-0.8
Transportation equipment manufacturing	336	14.149	121.0	120.9	2.5	0.1	0.1	0.2	-0.1
Furniture and related product manufacturing	337	1.871	128.7	128.7	0.0	0.1	0.2	0.2	0.0
Miscellaneous manufacturing	339	5.986	131.6	131.9	3.1	-0.2	0.2	0.5	0.2
Footnotes (1) Relative importance figures are based on 2022 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 4. U.S. export price indexes and percent changes for NAICS industries: November 2023 to November 2024 [December 2005=100, unless otherwise noted]

Description	NAICS	Relative import- ance Oct. 2024(1)	Index		Percent change
			Oct. 2024	Nov. 2024	Annual	Monthly
					Nov. 2023 to Nov. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024
Nonmanufacturing		13.564	161.7	162.0	-6.1	-3.0	-2.5	2.2	0.2
Agriculture, forestry, fishing and hunting	11	4.317	176.9	173.7	-8.6	-4.5	0.8	3.4	-1.8
Crop production	111	4.025	185.7	183.0	-8.7	-4.9	1.1	3.4	-1.5
Mining	21	9.247	101.4	102.5	-5.1	-2.4	-3.9	1.6	1.1
Oil and gas extraction (Dec. 2021=100)	211	7.956	89.3	90.7	-5.0	-2.4	-4.7	1.8	1.6
Mining (except oil and gas)	212	1.291	131.7	130.0	-4.9	-1.8	-0.1	0.5	-1.3
Manufacturing		84.725	135.5	135.4	1.3	-0.4	-0.3	0.7	-0.1
Manufacturing, part 1	31	6.504	172.6	173.0	0.6	0.1	0.6	0.5	0.2
Food manufacturing	311	4.755	206.5	207.3	2.2	0.3	0.8	0.6	0.4
Beverage and tobacco product manufacturing	312	0.497	132.3	132.6	-7.1	-0.3	0.1	0.8	0.2
Manufacturing, part 2	32	25.390	132.9	132.0	-2.5	-1.1	-1.7	0.8	-0.7
Wood product manufacturing (Dec. 2017=100)	321	0.450	125.3	126.0	7.8	0.6	-0.2	0.4	0.6
Petroleum and coal products manufacturing	324	5.393	131.7	129.8	-13.9	-6.2	-8.5	3.9	-1.4
Chemical manufacturing	325	14.794	133.4	132.5	0.5	0.4	0.4	-0.1	-0.7
Plastics and rubber products manufacturing	326	2.261	135.6	135.6	1.1	0.3	0.2	0.1	0.0
Nonmetallic mineral product manufacturing	327	0.731	131.3	131.5	-0.9	-0.2	0.2	-0.1	0.2
Manufacturing, part 3	33	52.831	133.1	133.4	3.5	-0.1	0.3	0.6	0.2
Primary metal manufacturing	331	5.124	233.4	236.2	19.8	0.6	2.1	4.6	1.2
Machinery manufacturing	333	9.677	154.1	154.0	2.5	0.0	0.1	0.5	-0.1
Computer and electronic product manufacturing	334	12.525	82.8	82.9	0.0	-0.6	0.1	0.1	0.1
Transportation equipment manufacturing	336	13.519	151.1	151.2	3.4	0.1	0.0	0.4	0.1
Furniture and related product manufacturing (Dec. 2023=100)	337	0.358	103.3	103.3	-	0.4	0.3	0.3	0.0
Miscellaneous manufacturing	339	5.096	142.4	142.1	2.7	0.2	-0.3	0.3	-0.2
Footnotes (1) Relative importance figures are based on 2022 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 5. U.S. import price indexes and percent changes for Harmonized categories of goods: November 2023 to November 2024 [2000=100, unless otherwise noted]

Description	Harmo- nized system	Relative importance Oct. 2024(1)	Index		Percent change
			Oct. 2024	Nov. 2024	Annual	Monthly
					Nov. 2023 to Nov. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024
Live animals; animal products	I	1.523	245.6	244.5	9.5	0.8	0.7	0.1	-0.4
Meat and edible meat offal	02	0.437	349.5	357.4	13.8	1.5	-0.4	-1.6	2.3
Fish and crustaceans, molluscs and other aquatic invertebrates	03	0.715	152.0	151.0	8.4	1.1	0.9	0.9	-0.7
Vegetable products	II	2.127	256.8	265.5	1.6	-0.6	-1.5	-1.8	3.4
Edible vegetables, roots, and tubers	07	0.523	506.4	596.8	9.8	-5.4	-7.4	-14.2	17.9
Edible fruit and nuts; peel of citrus fruit or melons	08	0.799	130.6	124.7	-6.2	8.3	-1.3	4.2	-4.5
Coffee, tea, mate and spices	09	0.443	337.2	353.5	18.9	-1.2	2.1	3.8	4.8
Animal or vegetable fats and oils (Dec. 2009=100)	III	0.443	147.0	152.1	3.2	-0.7	1.5	-2.3	3.5
Animal or vegetable fats and oils and their cleavage products; prepared (Dec. 2023=100)	15	0.443	98.9	102.4	-	-0.7	1.5	-2.4	3.5
Prepared foodstuffs, beverages, and tobacco	IV	3.574	206.7	206.7	4.3	-0.6	-0.2	0.1	0.0
Sugars and sugar confectionary (Dec. 2021=100)	17	0.231	120.4	121.9	1.0	1.4	-1.5	-0.6	1.2
Cocoa and cocoa preparations (Dec. 2009=100)	18	0.403	209.3	211.3	61.4	-4.7	-5.0	-0.3	1.0
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100)	19	0.496	101.0	101.3	-	0.1	0.3	0.9	0.3
Miscellaneous edible preparations (Dec. 2022=100)	21	0.398	94.5	93.8	-6.0	0.8	0.6	0.5	-0.7
Beverages, spirits, and vinegar	22	1.122	156.6	156.6	1.6	0.3	0.4	0.1	0.0
Mineral products	V	7.664	267.6	270.8	-8.2	-3.2	-7.3	-0.4	1.2
Mineral fuels, oils and residuals, bituminous substances and mineral waxes	27	7.348	260.1	263.7	-8.4	-3.5	-7.6	-0.4	1.4
Products of the chemical or allied industries	VI	10.679	172.0	172.1	0.7	-0.1	0.1	-0.5	0.1
Organic chemicals	29	2.173	134.8	134.0	-6.7	0.2	-0.1	-1.5	-0.6
Pharmaceutical products	30	5.583	155.1	155.6	5.3	-0.2	0.0	-0.4	0.3
Fertilizers (Dec. 2022=100)	31	0.199	57.3	57.6	-6.2	-3.1	1.4	-0.7	0.5
Tanning extracts; dye, pigments, varnish, paints & putty (Dec. 2022=100)	32	0.195	101.0	101.0	-0.1	0.4	-0.1	0.1	0.0
Miscellaneous chemical products	38	0.882	112.6	111.4	-4.7	0.4	0.5	-0.6	-1.1
Plastics and articles thereof; rubber and articles thereof	VII	3.813	156.4	156.1	1.4	0.5	0.8	0.2	-0.2
Plastics and articles thereof	39	2.533	152.8	152.3	0.5	0.5	1.1	0.1	-0.3
Rubber and articles thereof	40	1.280	166.5	166.6	2.9	0.4	0.3	0.2	0.1
Printed matter (Dec. 2023=100)	49	0.168	100.1	100.1	-	0.0	0.0	0.0	0.0
Textile and textile articles	XI	4.529	120.7	120.7	0.3	-0.1	0.0	0.0	0.0
Articles of apparel and clothing accessories, knitted or crocheted (Dec. 2023=100)	61	1.931	99.1	99.1	-	-0.1	0.0	-0.2	0.0
Articles of apparel and clothing accessories, not knitted or crocheted	62	1.434	128.0	128.0	1.1	0.0	-0.1	0.2	0.0
Made-up or worn textile articles (Dec. 2023=100)	63	0.615	98.5	98.5	-	-0.6	0.0	-0.3	0.0
Headgear, umbrellas, artificial flowers, etc.	XII	1.445	126.4	126.5	-0.5	0.4	-0.3	-0.4	0.1
Footwear and parts of such articles	64	1.182	123.5	123.5	-0.5	-0.1	-0.4	-0.1	0.0
Stone, plaster, cement, asbestos, ceramics, glass etc.	XIII	0.942	137.8	138.0	0.9	0.0	0.2	0.0	0.1
Articles of stone, plaster, cement, asbestos, or mica (Dec. 2020=100)	68	0.328	101.3	100.9	-0.6	0.0	0.6	0.0	-0.4
Glass and glassware (Dec. 2021=100)	70	0.345	110.9	111.7	3.8	0.0	0.5	0.1	0.7
Pearls, stones, precious metals, imitation jewelry, and coins	XIV	3.517	261.5	264.9	18.5	0.4	2.3	3.7	1.3
Pearls, precious stones, precious metals jewelry, coin (Dec. 2023=100)	71	3.517	116.2	117.7	-	0.3	2.4	3.7	1.3
Base metals and articles of base metals	XV	5.973	233.4	230.6	1.9	-1.1	0.5	1.3	-1.2
Articles of iron or steel	73	1.711	190.7	188.7	-2.9	0.1	0.1	0.1	-1.0
Copper and articles thereof	74	0.567	437.8	424.9	16.1	-7.2	0.7	6.4	-2.9
Aluminum and articles thereof	76	1.166	206.7	210.3	13.5	-0.6	1.7	1.6	1.7
Tools, implements, cutlery, spoons and forks, of base metal; parts thereof	82	0.406	131.6	131.7	-0.3	0.1	0.5	0.2	0.1
Miscellaneous articles of base metal	83	0.510	143.0	142.6	-0.8	0.1	0.2	0.3	-0.3
Machinery, electrical equipment, TV image and sound recorders, parts, etc.	XVI	30.501	82.5	82.4	0.2	0.2	0.1	0.1	-0.1
Machinery and mechanical appliances; parts thereof	84	15.312	89.9	90.1	0.9	0.1	0.1	0.2	0.2
Electrical machinery and equip, sound and TV recorders & reproducers, parts	85	15.189	75.5	75.3	-0.3	0.3	0.0	0.0	-0.3
Vehicles, aircraft, vessels and associated transport equipment	XVII	11.905	125.0	124.9	1.8	0.0	0.1	0.1	-0.1
Motor vehicles and their parts	87	11.123	124.0	123.9	1.7	0.0	0.0	0.1	-0.1
Aircraft, spacecraft, and parts thereof (Dec. 2020=100)	88	0.641	111.2	111.5	4.0	0.1	0.2	0.1	0.3
Optical, photo, measuring, medical & musical instruments; & timepieces	XVIII	4.274	113.2	113.0	4.3	0.2	0.4	0.3	-0.2
Optical, photographic, measuring and medical instruments	90	3.960	108.5	108.4	4.3	0.2	0.2	0.2	-0.1
Miscellaneous manufactured articles	XX	4.569	120.5	120.4	0.5	-0.1	0.1	0.2	-0.1
Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs	94	2.547	127.6	127.5	0.6	0.0	0.2	0.2	-0.1
Toys, games and sports equipment; parts and accessories thereof	95	1.707	106.4	106.3	-0.1	-0.4	0.1	0.1	-0.1
Miscellaneous manufactured articles	96	0.315	153.4	153.4	3.9	0.0	0.0	0.5	0.0
Footnotes (1) Relative importance figures are based on 2022 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 6. U.S. export price indexes and percent changes for Harmonized categories of goods: November 2023 to November 2024 [2000=100, unless otherwise noted]

Description	Harmo- nized system	Relative import- ance Oct. 2024(1)	Index		Percent change
			Oct. 2024	Nov. 2024	Annual	Monthly
					Nov. 2023 to Nov. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024
Live animals; animal products	I	2.113	286.3	287.0	10.8	0.4	0.6	2.8	0.2
Meat & edible meat offal (Dec. 2006=100)	02	1.354	245.9	247.3	12.3	0.0	0.6	1.5	0.6
Vegetable products	II	3.942	231.1	229.1	-7.6	-4.2	1.1	3.3	-0.9
Edible fruit and nuts; peel of citrus fruit or melons	08	0.934	163.6	169.1	19.8	2.0	3.5	1.3	3.4
Cereals	10	1.114	227.4	226.9	-9.1	-4.3	1.9	6.9	-0.2
Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder	12	1.507	222.3	213.1	-20.3	-8.7	-0.7	2.9	-4.1
Prepared foodstuffs, beverages, and tobacco	IV	2.892	182.4	183.0	-1.9	0.0	0.8	-0.7	0.3
Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2023=100)	19	0.298	101.0	104.4	-	0.0	0.0	0.0	3.4
Miscellaneous edible preparations (Dec. 2017=100)	21	0.642	121.6	120.3	3.6	1.0	1.6	-1.8	-1.1
Residues and waste from the food industries; prepared animal feed	23	0.581	243.1	246.0	-18.0	-0.9	1.1	-2.3	1.2
Mineral products	V	14.674	263.5	263.9	-8.5	-3.9	-5.6	2.4	0.2
Ores, slag and ash (Dec. 2012=100)	26	0.464	138.7	140.9	14.9	-4.7	3.8	4.1	1.6
Mineral fuels, oils and residuals, bituminous substances and mineral waxes	27	14.015	250.9	251.1	-9.3	-3.9	-6.0	2.4	0.1
Products of the chemical or allied industries	VI	12.647	160.4	159.7	0.3	0.6	0.2	0.1	-0.4
Pharmaceutical products	30	4.503	105.3	105.1	-2.3	0.0	0.4	0.2	-0.2
Essential oils and resinoids; perfumery cosmetic or toilet preparations	33	0.831	148.5	148.5	0.1	0.9	0.1	0.1	0.0
Miscellaneous chemical products	38	2.374	196.4	196.3	2.2	0.8	0.6	-0.2	-0.1
Rubber and articles thereof	40	0.930	194.2	193.9	12.3	0.2	0.3	0.1	-0.2
Wood, wood charcoal, cork, straw, baskets and wickerwork (Dec. 2014=100)	IX	0.486	113.0	113.2	6.2	1.0	-0.2	0.3	0.2
Wood and articles of wood; wood charcoal (Dec. 2023=100)	44	0.486	105.4	105.5	-	1.1	-0.2	0.3	0.1
Woodpulp and recovered paper (Dec. 2019=100)	47	0.587	176.7	176.8	17.4	1.3	0.2	0.1	0.1
Cotton, including yarns and woven fabrics thereof	52	0.498	141.6	133.3	-17.3	-6.1	0.4	1.2	-5.9
Stone, plaster, cement, asbestos, ceramics, glass etc.	XIII	0.748	154.2	154.4	1.7	0.2	0.2	0.0	0.1
Glass and glassware (Dec. 2019=100)	70	0.355	115.5	115.9	1.1	-0.4	0.4	0.0	0.3
Pearls, stones, precious metals, imitation jewelry, and coins	XIV	5.631	368.0	373.5	21.1	1.7	2.4	4.6	1.5
Pearls, precious stones, precious metals; jewelry, coin (Dec. 2023=100)	71	5.631	117.9	119.6	-	1.7	2.5	4.6	1.4
Base metals and articles of base metals	XV	4.528	213.8	212.4	3.7	-1.2	-0.8	2.1	-0.7
Copper and articles thereof	74	0.632	305.6	293.7	17.5	-7.3	0.4	9.3	-3.9
Aluminum and articles thereof	76	0.758	156.8	156.0	8.7	-0.8	-2.6	2.9	-0.5
Miscellaneous articles of base metal (Dec. 2022=100)	83	0.339	106.8	106.8	1.9	-0.1	-0.1	0.5	0.0
Machinery, electrical equipment, TV image and sound recorders, parts, etc.	XVI	26.567	108.7	108.9	2.3	-0.3	0.2	0.1	0.2
Machinery and mechanical appliances; parts thereof	84	15.816	134.5	134.6	2.8	0.1	0.0	0.4	0.1
Electrical machinery and equipment and parts and accessories thereof	85	10.750	82.0	82.2	1.2	-1.0	0.4	-0.2	0.2
Vehicles, aircraft, vessels and associated transport equipment	XVII	9.884	157.1	157.2	2.7	0.1	0.0	0.6	0.1
Motor vehicles and their parts	87	7.372	131.1	131.2	2.6	0.1	0.0	0.8	0.1
Optical, photo, measuring, medical & musical instruments; & timepieces	XVIII	5.809	120.3	120.1	1.4	-0.1	-0.7	0.1	-0.2
Optical, photographic, measuring and medical instruments (Dec. 2023=100)	90	5.753	101.2	101.0	-	0.0	-0.8	0.1	-0.2
Miscellaneous manufactured articles	XX	1.164	136.0	136.0	1.3	0.4	-0.3	0.1	0.0
Furniture; stuffed furnishings; lamps and lighting fittings nesoi	94	0.586	152.5	152.5	3.2	0.4	0.4	0.2	0.0
Toys, games and sports equipment; parts and accessories thereof	95	0.434	115.0	114.4	-3.0	0.2	-1.3	-0.1	-0.5
Footnotes (1) Relative importance figures are based on 2022 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

Table 7. U.S. import price indexes and percent changes by locality of origin: November 2023 to November 2024 [2000=100, unless otherwise noted]

Description	Relative import- ance Oct. 2024(1)	Index		Percent change
		Oct. 2024	Nov. 2024	Annual	Monthly
				Nov. 2023 to Nov. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024
Industrialized Countries(2)	100.000	146.8	146.8	1.7	-0.5	-0.3	0.3	0.0
Nonmanufacturing	9.896	232.8	231.4	-8.8	-5.4	-5.6	0.8	-0.6
Manufacturing	89.766	139.7	139.8	3.0	0.1	0.4	0.3	0.1
Canada	100.000	168.3	167.6	-2.5	-2.4	-1.6	0.4	-0.4
Nonmanufacturing	29.796	225.4	224.7	-9.9	-5.9	-5.9	0.9	-0.3
Manufacturing	69.434	157.0	156.3	1.0	-0.6	0.3	0.2	-0.4
European Union	100.000	158.8	158.8	2.5	0.2	-0.1	0.1	0.0
Manufacturing	99.340	154.4	154.4	2.5	0.2	-0.1	0.1	0.0
France (Dec. 2003=100)	100.000	158.7	159.1	5.9	0.1	-0.1	0.3	0.3
Germany (Dec. 2003=100)	100.000	125.7	125.3	1.7	0.4	0.0	0.2	-0.3
United Kingdom (Dec. 2003=100)	100.000	138.4	138.7	1.5	0.1	-0.9	0.2	0.2
Latin America(3)	100.000	174.3	174.7	2.6	-0.3	-0.6	0.0	0.2
Nonmanufacturing	12.927	321.5	321.9	-5.4	-1.2	-2.4	-3.4	0.1
Manufacturing	86.852	141.8	142.1	4.0	-0.1	-0.3	0.6	0.2
Mexico (Dec. 2003=100)	100.000	148.4	148.9	2.9	0.1	-0.2	-0.7	0.3
Nonmanufacturing (Dec. 2008=100)	8.139	169.4	171.9	-1.7	0.5	-2.4	-12.5	1.5
Manufacturing (Dec. 2008=100)	91.645	101.7	102.0	3.4	0.1	0.0	0.5	0.3
Pacific Rim (Dec. 2003=100)(4)	100.000	102.7	102.8	0.4	0.1	0.2	0.3	0.1
China (Dec. 2003=100)	100.000	100.3	100.2	-0.9	0.0	0.0	-0.1	-0.1
Japan	100.000	101.6	101.4	-0.2	0.1	0.1	0.3	-0.2
Taiwan (Dec. 2018=100)	100.000	109.8	111.3	2.1	0.8	0.1	0.2	1.4
Asian NICs(5)	100.000	95.7	95.7	0.6	0.0	0.6	0.3	0.0
ASEAN (Dec. 2003=100)(6)	100.000	100.9	100.4	-0.3	0.1	0.3	0.6	-0.5
Asia Near East (Dec. 2003=100)(7)	100.000	208.7	210.5	-2.4	-0.4	-6.7	3.3	0.9
Footnotes (1) Relative importance figures are based on 2022 trade values. (2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. (3) Mexico, Central America, South America, and the Caribbean. (4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries. (5) Asian Newly Industrialized Countries - Hong Kong, Singapore, South Korea, and Taiwan. (6) Association of Southeast Asian Nations - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. (7) 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 3 months after original publication. Regions are not mutually exclusive. Dash = Not available

Table 8. U.S. export price indexes and percent changes by locality of destination: November 2023 to November 2024 [December 2017=100, unless otherwise noted]

Description	Relative import- ance Oct. 2024(1)	Index		Percent change
		Oct. 2024	Nov. 2024	Annual	Monthly
				Nov. 2023 to Nov. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024
Industrialized Countries(2)	100.000	124.1	124.1	3.9	-0.5	-0.7	1.6	0.0
Nonmanufacturing	14.344	139.8	136.1	-1.4	-3.8	-6.0	6.6	-2.6
Manufacturing	84.015	122.2	122.7	4.4	0.0	0.3	0.7	0.4
Canada	100.000	129.0	128.3	0.4	-0.2	-0.5	0.8	-0.5
Nonmanufacturing (Dec. 2020=100)	7.126	132.2	124.8	-9.7	-2.7	-2.5	4.7	-5.6
Manufacturing (Dec. 2020=100)	91.002	120.4	120.0	0.6	-0.1	-0.4	0.4	-0.3
European Union	100.000	120.3	119.8	2.3	-1.5	-1.9	0.8	-0.4
Nonmanufacturing	21.251	132.5	128.4	-7.0	-4.8	-7.4	2.4	-3.1
Manufacturing	76.957	118.1	118.4	4.4	-0.4	-0.3	0.2	0.3
Germany	100.000	125.5	125.4	6.8	-0.3	0.0	0.7	-0.1
Latin America(3)	100.000	121.8	121.1	-1.6	-1.5	-1.8	1.2	-0.6
Nonmanufacturing	7.390	138.3	129.5	-8.6	-5.5	-1.0	8.0	-6.4
Manufacturing	92.009	120.6	120.4	-1.2	-1.3	-1.8	0.6	-0.2
Mexico	100.000	123.2	121.9	-0.6	-1.1	-1.4	1.2	-1.1
Nonmanufacturing	6.346	121.3	105.6	-13.8	-6.5	0.8	15.0	-12.9
Manufacturing	92.767	124.3	123.8	0.2	-0.8	-1.5	0.5	-0.4
Pacific Rim(4)	100.000	113.9	113.0	0.4	-1.2	-1.1	1.7	-0.8
Nonmanufacturing	19.410	112.6	109.4	-5.7	-5.8	-5.5	5.9	-2.8
Manufacturing	79.302	115.7	115.4	1.8	0.0	0.0	0.6	-0.3
China	100.000	107.7	107.2	-0.8	-1.5	-0.2	2.4	-0.5
Nonmanufacturing	22.944	98.2	96.0	-10.2	-6.6	-2.8	6.3	-2.2
Manufacturing	75.349	113.1	113.1	1.9	0.3	0.6	1.1	0.0
Japan	100.000	113.6	112.5	3.4	-1.2	-0.5	2.6	-1.0
Nonmanufacturing	20.821	122.0	119.6	3.7	-5.6	-4.9	9.5	-2.0
Manufacturing	77.857	111.3	110.7	3.0	0.1	0.5	0.7	-0.5
Footnotes (1) Relative importance figures are based on 2022 trade values. (2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. (3) Mexico, Central America, South America, and the Caribbean. (4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries.
NOTES: Data may be revised in each of the 3 months after original publication. Regions are not mutually exclusive. Dash = Not available

Table 9. U.S. terms of trade indexes and percent changes by locality: November 2023 to November 2024(1) [December 2017=100, unless otherwise noted]

Description	Index		Percent change
	Oct. 2024	Nov. 2024	Annual	Monthly
			Nov. 2023 to Nov. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024
Industrialized Countries(2)	103.5	103.5	2.3	0.0	-0.4	1.3	0.0
Canada	100.7	100.6	3.0	2.2	1.1	0.3	-0.1
European Union	102.0	101.5	-0.2	-1.7	-1.8	0.8	-0.5
Germany	114.9	115.2	5.0	-0.7	0.0	0.4	0.3
Latin America(3)	104.1	103.2	-4.1	-1.2	-1.2	1.2	-0.9
Mexico	107.1	105.6	-3.4	-1.2	-1.1	1.9	-1.4
Pacific Rim(4)	109.1	108.2	0.1	-1.3	-1.3	1.4	-0.8
China	107.5	107.1	0.1	-1.5	-0.2	2.5	-0.4
Japan	106.8	106.0	3.6	-1.4	-0.6	2.3	-0.7
Footnotes (1) Terms of trade indexes are derived by dividing the export price index by the corresponding import price index and multiplying by 100. (2) Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. (3) Mexico, Central America, South America, and the Caribbean. (4) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries.
NOTES: Data may be revised in each of the 3 months after original publication. Regions are not mutually exclusive. Dash = Not available

Table 10. U.S. international price indexes and percent changes for selected transportation services: November 2023 to November 2024 [2000=100, unless otherwise noted]

Description	Relative import- ance Oct. 2024(1)	Index		Percent change
		Oct. 2024	Nov. 2024	Annual	Monthly
				Nov. 2023 to Nov. 2024	Jul. 2024 to Aug. 2024	Aug. 2024 to Sep. 2024	Sep. 2024 to Oct. 2024	Oct. 2024 to Nov. 2024
Air Freight
Import Air Freight	100.000	270.6	283.9	18.6	2.3	6.6	-4.9	4.9
Europe (Dec. 2003=100)	19.605	162.8	163.7	-8.5	-2.5	-1.6	7.8	0.6
Asia	79.411	295.6	313.0	27.2	3.7	8.3	-8.0	5.9
Export Air Freight	100.000	183.8	180.2	2.0	-1.9	-0.5	6.7	-2.0
Europe (Dec. 2006=100)	26.173	131.4	134.1	1.5	-10.3	-0.5	3.0	2.1
Asia (Dec. 2011=100)	51.803	153.6	138.1	-4.4	3.1	-0.9	11.1	-10.1
Inbound Air Freight	100.000	197.7	193.3	8.4	-0.4	3.9	6.2	-2.2
Europe (Dec. 2003=100)	22.947	139.6	146.5	2.0	-4.3	-1.4	8.0	4.9
Asia	66.613	210.1	198.1	13.5	3.4	5.9	6.4	-5.7
Outbound Air Freight	100.000	168.7	169.6	-4.3	0.2	-1.8	1.0	0.5
Europe (Dec. 2003=100)	34.307	159.9	163.0	-1.0	-7.4	-0.7	-1.0	1.9
Asia	44.541	184.0	183.3	-8.0	8.0	-3.2	1.8	-0.4
Air Passenger Fares
Import Air Passenger Fares	100.000	182.1	173.3	-2.4	-12.4	13.9	3.9	-4.8
Europe	46.316	195.9	195.5	3.1	-15.9	23.8	-4.3	-0.2
Asia	10.907	154.4	158.5	-10.9	-9.1	2.0	0.3	2.7
Latin America/Caribbean	9.417	144.9	149.6	-5.3	-8.6	-2.1	9.2	3.2
Export Air Passenger Fares	100.000	179.2	177.7	-1.8	-8.1	-1.4	0.7	-0.8
Europe	38.033	221.3	216.1	2.7	-13.4	2.2	-0.1	-2.3
Asia	10.935	168.6	175.7	-11.6	-0.9	-13.0	-2.5	4.2
Latin America/Caribbean	31.518	175.0	173.0	-5.8	-6.1	-1.5	1.9	-1.1
Footnotes (1) Relative importance figures are based on 2022 trade values.
NOTES: Data may be revised in each of the 3 months after original publication. Dash = Not available

                                                TECHNICAL NOTE                                                

Import and Export Goods and Services Price Indexes - All indexes use a modified Laspeyres 
formula and are not seasonally adjusted. Price indexes are reweighted annually, with a 2-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 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 by end use according to the Bureau of Economic Analysis 
Classification System, by industry according to the North American Industry Classification System 
(NAICS), and by product category according to the Harmonized System (HS). While classification by 
end use and product category are self-explanatory, some notes are in order for classifying items by 
industry. In the NAICS imports and exports tables, items are classified by output industry, not input 
industry. As an example, NAICS import index 326 (plastics and rubber products manufacturing) 
includes outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS 
classification structure also matches the classification system used by the Producer Price Index (PPI) to 
produce the NAICS primary products indexes.

Import Price Goods Indexes - Items are 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 Goods Indexes - Items are 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 - Indexes for import and export air passenger fares calculate changes in the 
average revenue received per passenger by foreign carriers from U.S. residents and by U.S. carriers from 
foreign residents, respectively. Data are obtained from an airline consulting service and report on tickets 
sold by travel agencies, travel websites, and directly by the airlines. Taxes and fees are included in both 
the import and export air passenger fares indexes. Import air passenger fares data have used the airline 
consulting service source since September 2008. Before April 2018, the export air passenger fares data 
were collected directly by BLS from U.S. airlines. The air freight indexes are calculated from data 
collected directly from airlines. These data exclude mail and passenger baggage. The scope of the 
service being priced is the movement of freight from airport to airport only, and does not include any 
ground transportation or port service. The air freight indexes are presented using two definitions: 
balance of payments (which represents transactions between U.S. and foreign residents) and 
international (which represents transactions inbound to and outbound from the United States.) Fact 
sheets specifying detailed information for each services industry are available at www.bls.gov/mxp 
under "MXP Publications."

Import Price Indexes by Locality of Origin - Prices used in these indexes are a subset of the data 
collected for the import price indexes. The indexes are specific to a country, region, or grouping and, 
beginning with January 2002, are based on the North American Industry Classification System (NAICS) 
covering goods-producing industries. Nonmanufactured goods are defined as NAICS 11 and 21, and 
manufactured goods are defined as NAICS 31-33. 

Export Price Indexes by Locality of Destination - Prices used in these indexes are a subset of the data 
collected for the export price indexes. The indexes are specific to a country, region, or grouping and are 
based on the North American Industry Classification System (NAICS) covering goods-producing 
industries. Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are 
defined as NAICS 31-33. 

Terms of Trade Indexes - Terms of trade indexes measure the relative price of exports in terms of 
import prices for a specific country, region, or grouping. The indexes are calculated as one country, 
region, or grouping's all-export goods price index divided by the corresponding all-import goods price 
index on a scale of 100. 
   
Relative Importance - A relative importance is a specific index's price-updated value share (expressed 
as a percentage) of overall imports or exports at a specific point in time. Relative importance values are 
affected by the trade weights at the point indexes are reweighted and index changes relative to other 
indexes since the reweight point. If an index is rising in value relative to other indexes over time, the 
relative importance will increase as well. 
 
Revision Policy - To reflect the availability of late reports and corrections by respondents, monthly data 
may be revised in each of the 3 months after original publication. After 3 months, no further data 
revisions take place. For example, data first published in the January release will be subject to revision 
in the releases for February, March, and April.

Rounding Policy - Index values are rounded to the tenth decimal place after being calculated. All 
percent changes are then derived from the rounded index values and subsequently rounded to the tenth 
decimal place.

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 (NIPA) 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 NIPA, while international indexes are more 
appropriate for market analysis. 

Additional Information - More detailed data are available on the Import/Export Price Indexes home 
page at www.bls.gov/mxp. For import and export price indexes data requests, send an email to 
mxpinfo@bls.gov.   

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