Import prices from China decrease 1.7 percent over the year ending January 2017

February 15, 2017

Prices for imports from China fell 0.1 percent in January, after recording no change in December and fell 1.7 percent over the past 12 months. The price index for imports from China has not recorded a monthly increase since the index rose 0.1 percent in December 2014.

Percent change in U.S. import prices by locality of origin, January 2017
Locality of origin 12-month percent change 1-month percent change

Canada

13.2% 1.8%

European Union (1)

-0.2 -0.1

France

-0.4 -0.2

Germany

-2.2 -0.8

United Kingdom

-3.5 0.0

Latin America (2)

5.0 -0.1

Mexico

-1.9 -1.3

Pacific Rim (3)

-0.8 -0.1

China

-1.7 -0.1

Japan

1.4 -0.3

Asian NICs (4)

-0.2 0.0

ASEAN (5)

0.5 0.2

Asia Near East (6)

26.0 2.4

Other Countries (7)

2.6 -0.2
Footnotes:

(1) European Union countries.

(2) Mexico, Central America, South America and the Caribbean.

(3) China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines and the Asian Newly Industrialized Countries.

(4) Asian Newly Industrialized Countries - Hong Kong, Singapore, South Korea and Taiwan.

(5) Association of Southeast Asian Nations - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

(6) Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen.

(7) Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere.

Import prices from Japan declined 0.3 percent in January, the first decrease for the index since a 0.1-percent drop in January 2016 and the largest decline since the index fell 0.3 percent in August 2015. Prices for imports from Mexico and the European Union also fell in January, declining 1.3 percent and 0.1 percent, respectively. In contrast, import prices from Canada advanced 1.8 percent in January, driven by higher fuel prices.

These data are from the International Price program. Import and export prices are subject to revision. Regions are not mutually exclusive. To learn more, see “U.S. Import and Export Prices — January 2017” (HTML) (PDF). See more charts on import and export price trends in Charts related to the latest “U.S. Import and Export Price Indexes” news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices from China decrease 1.7 percent over the year ending January 2017 on the Internet at https://www.bls.gov/opub/ted/2017/import-prices-from-china-decrease-1-point-7-percent-over-the-year-ending-january-2017.htm (visited October 21, 2017).

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