Technical Information Jim Thomas (202) 606-7155 USDL-97-58 Bill Alterman (202) 606-7108 For release: 10:00 A.M. E.S.T. Media contact: Tuesday, February 25, 1997 Kathryn Hoyle (202) 606-5902 Internet Address: http://stats.bls.gov/ipphome.htm --------------------------------------------------------------------- Note: Beginning with this month’s release, there are several changes in the construction of the import and export price indexes. See page 4 for more details. --------------------------------------------------------------------- U.S. IMPORT AND EXPORT PRICE INDEXES -JANUARY 1997- The U.S. Import Price Index decreased 0.3 percent in January, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decline followed a slight gain of 0.1 percent in December and was attributable to a drop in nonpetroleum prices. The U.S. Export Price Index rose 0.2 percent in January after posting no change in 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 1996 January 0.2 4.8 -0.2 r 0.5 1.7 0.3 February -0.2 -1.4 r -0.1 r -0.2 -0.2 -0.2 r March 0.6 r 8.6 r -0.2 r -0.2 1.4 -0.3 April 0.9 r 8.5 -0.1 r 0.6 4.8 0.0 May -0.7 -3.7 r -0.3 r 0.4 3.1 -0.1 June -1.1 r -5.8 r -0.4 r -0.2 -2.2 0.1 July -0.1 1.9 r -0.4 -0.5 -1.9 -0.2 August 0.1 2.2 r -0.1 -0.2 -0.2 -0.2 September 1.2 r 7.5 r 0.4 -0.8 r -7.3 r 0.2 October 0.5 r 7.1 r -0.3 -0.2 r -2.6 0.0 November -0.2 -0.8 -0.1 -0.4 -2.3 0.0 December 0.1 0.2 r 0.1 0.0 -0.9 0.1 1997 January -0.3 1.3 -0.4 0.2 0.1 0.1 January 95-96 2.4 9.7 1.8 3.1 19.3 1.0 January 96-97 0.8 27.0 -1.9 -1.5 -8.3 -0.5 r = revised to reflect late reports and corrections by respondents. Revisions prior to October 1996 are due to rounding associated with rebasing the indexes. Import Goods Import prices decreased in January for the second time in three months, despite a continued upward trend in petroleum prices. The petroleum index rose 1.3 percent in January after recording a modest gain of 0.2 percent in December. In contrast, the index for nonpetroleum imports declined in January, falling 0.4 percent after edging up 0.1 percent in December. The monthly decrease was the third in the past four months. The index for capital goods led the January decline in nonpetroleum import prices, falling 1.8 percent, the largest monthly decrease recorded since the series became monthly in 1989. Falling prices for computers, peripherals, and semiconductors had the largest impact. Prices for capital goods have decreased 5.4 percent over the past 12 months, recording only one monthly increase in the past year. During this period, the dollar has appreciated sharply. The import price indexes for automotive vehicles and consumer goods resumed recent downward trends; both fell 0.1 percent in January after posting a 0.2 percent increase and no change, respectively, in the preceding month. The index for foods, feeds, and beverages also fell in January, decreasing 0.3 percent after falling 1.2 percent in December. In contrast, the index for industrial supplies and materials excluding petroleum continued a recent upward trend, rising 1.0 percent in January after posting rises of 0.7 percent and 0.4 percent in the preceding two months. Despite the recent increases, the index fell 1.2 percent for the year ended in January. Export Goods Both agricultural and nonagricultural prices contributed to the modest rise in export prices in January. For the year ended in January, however, average export prices were down 1.5 percent. The index for agricultural exports, which had registered decreases in the past seven months, edged up 0.1 percent in January. The upturn was led by a 2.1 percent price increase for agricultural industrial supplies and materials, which offset the continued decline in grain prices. Agricultural export prices fell 8.3 percent over the past year. Nonagricultural export prices also rose 0.1 percent in January, about the same as in the previous three months. Over the past 12 months, however, the index was down 0.5 percent. The January advance in the index for nonagricultural exports was consistent across major commodity areas. The export price indexes for capital goods and automotive vehicles, parts, and engines were both up 0.2 percent in January, after posting a 0.1 percent gain and no change in the previous month, respectively. Prices for exported consumer goods and nonagricultural industrial supplies also edged up in January, both advancing 0.1 percent after 0.2 percent rises in December. For the past 12 months, all of the major finished goods indexes rose on average between 0.1 and 1.2 percent, while nonagricultural industrial supplies and materials were down 2.8 percent on average. Imports by Locality of Origin Import prices from Japan continued to decrease, falling 0.6 percent in January. (See table 7.) The index has dropped 4.4 percent over the past year, paralleling the sustained strength of the dollar versus the yen. The price index for imports from the Asian Newly Industrialized Countries decreased 0.4 percent for the third consecutive month. Over the past 12 months, the index was down 3.0 percent. Import prices from the European Union also fell 0.4 percent in January, reversing the 0.2 percent increase in December. Over the past 12 months this index edged up 0.6 percent. In contrast, import prices from Canada rose for the fifth consecutive month, increasing 0.2 percent in January. The index for imports from Canada rose 0.5 percent for the year ended in January. CONTENTS OF RELEASE This news release includes the following tables: Table 1 Import Price Indexes, by End Use.....page 5 Table 2 Export Price Indexes, by End Use.....page 6 Table 3 Import Price Indexes, by SITC.....pages 7-8 Table 4 Export Price Indexes, by SITC.....page 9-10 Table 5 Import Price Indexes, by Harmonized System.....pages 11-12 Table 6 Export Price Indexes, by Harmonized System.....pages 13-14 Table 7 Import Price Indexes, by Locality of Origin.....page 15 Table 8 U.S. Import and Export Price Indexes for Services.....page 16 Table 9 U.S. International Price Indexes for Services.....page 17 ------------------------------------------------------------------- Import and Export Price Index data for February are scheduled for release on March 21 at 10:00 a.m. (EST). ********************************************************************** Announcement of Changes in the U.S. Import and Export Price Indexes Beginning with this release of January 1997 data, the Bureau of Labor Statistics made several changes to the U.S. Import and Export Price Indexes. First, all price indexes were re-weighted to 1995 trade weights. Second, the indexes were rebased from 1990=100 to 1995=100. Third, the aggregation structure below the published level was modified to incorporate the use of sampling weights in the estimator. The current practice is to update the weights in these price indexes every five years. The new weights are based on U.S. export and import shipment values for calendar 1995 (as reported by the U.S. Bureau of the Census) and will be used in the calculation of indexes from January 1997 forward. In addition, as a result of shifts in trade patterns, there also are minor changes in the publication structure. In keeping with the policy of using a reference base that is the same as the weight base, all indexes were rebased to 1995=100. This impacts the level of the published indexes prior to January 1997 that previously used 1990=100; however, it should not (except for rounding) cause any differences in the published percent changes between different time periods. The index estimation methodology was modified to incorporate the use of sampling weights at the item level. Previously, price relatives for individual items were averaged using equal weights in the construction of what is referred to as the elementary aggregation. Under the new structure, items are averaged using sampling weights. These weights are primarily based on the value of exports (or imports) for a given company in a specific product category. As a result, item weights will more properly represent their true share of the market. This change affects the construction of data from January 1997 forward. More detailed information will be available in a forthcoming article in the Monthly Labor Review. For further information, please contact Jim Thomas at (202) 606-7155. *********************************************************************** Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, January 1996-January 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Jan. Sept. Oct. Nov. Dec. END Description 1996 1996 1996 1996 1996 USE December December January to to to to to 1996 1996 1997 Jan. Oct. Nov. Dec. Jan. 1/ 2/ 1997 1996 1996 1996 1997 ALL COMMODITIES 100.000 101.7 101.4 0.8 0.5 -0.2 0.1 -0.3 ALL IMPORTS EXCLUDING PETROLEUM 89.851 98.7 98.3 -1.9 -0.3 -0.1 0.1 -0.4 0 FOODS, FEEDS, & BEVERAGES 4.489 97.4 97.1 1.3 0.2 0.2 -1.2 -0.3 00 Agricultural foods, feeds & beverages, excluding distilled beverages 3.240 96.6 96.4 0.7 0.2 0.3 -2.0 -0.2 01 Nonagricultural foods (fish, distilled beverages) 1.249 99.6 99.1 3.0 0.1 0.1 1.0 -0.5 1 INDUSTRIAL SUPPLIES & MATERIALS 28.155 109.2 110.5 8.2 2.3 -0.2 0.4 1.2 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.005 98.7 99.7 -1.2 -0.5 0.4 0.7 1.0 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.313 97.7 98.0 -1.0 -1.1 0.0 -0.1 0.3 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.692 99.6 101.6 -1.1 -0.1 0.9 1.4 2.0 10 Fuels & lubricants 11.478 133.0 137.4 30.1 6.6 -0.1 1.1 3.3 100 Petroleum & petroleum products 10.149 132.3 134.0 27.0 7.1 -0.8 0.2 1.3 10000 Crude 8.065 132.0 134.4 30.7 6.5 -1.8 -0.8 1.8 11 Paper & paper base stocks 1.691 80.9 79.8 -25.3 -2.9 -1.7 -1.8 -1.4 12 Materials associated with nondurable supplies & materials 5.867 97.4 96.9 -2.1 0.2 0.0 -0.2 -0.5 13 Selected building materials 2.070 110.3 110.8 12.5 -3.6 2.0 -1.6 0.5 14 Unfinished metals associated with durable goods 4.171 92.4 93.0 -5.1 -0.8 -0.9 0.7 0.6 15 Finished metals associated with durable goods 1.413 98.6 97.9 -2.4 0.3 -0.5 -0.3 -0.7 16 Nonmetals associated with durable goods 1.465 98.3 98.1 -3.3 0.0 0.0 0.5 -0.2 2 CAPITAL GOODS 28.970 96.1 94.4 -5.4 -0.3 -0.4 -0.2 -1.8 20 Electric & electrical generating equipment 3.282 99.0 99.0 -2.2 0.2 -0.3 0.0 0.0 21 Nonelectrical machinery 24.063 94.5 92.6 -6.8 -0.5 -0.7 -0.3 -2.0 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 17.024 100.8 100.7 0.1 -0.2 -0.1 0.2 -0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 21.363 100.1 100.0 -0.8 -0.2 -0.1 0.0 -0.1 40 Nondurables, manufactured 10.423 100.6 100.6 -0.2 -0.2 0.0 -0.1 0.0 41 Durables, manufactured 9.886 99.6 99.3 -1.2 -0.1 -0.2 0.0 -0.3 42 Nonmanufactured consumer goods 1.054 101.0 101.5 -0.6 0.4 -0.4 1.6 0.5 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for October, November and December 1996 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, January 1996-January 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Jan. Sept. Oct. Nov. Dec. END Description 1996 1996 1996 1996 1996 USE December December January to to to to to 1996 1996 1997 Jan. Oct. Nov. Dec. Jan. 1/ 2/ 1997 1996 1996 1996 1997 ALL COMMODITIES 100.000 99.3 99.5 -1.5 -0.2 -0.4 0.0 0.2 AGRICULTURAL COMMODITIES 11.066 101.3 101.4 -8.3 -2.6 -2.3 -0.9 0.1 NONAGRICULTURAL COMMODITIES 88.933 99.1 99.2 -0.5 0.0 0.0 0.1 0.1 0 FOODS, FEEDS, & BEVERAGES 9.976 102.7 102.4 -8.7 -3.0 -1.9 -1.2 -0.3 00 Agricultural foods, feeds & beverages, excluding distilled beverages 9.189 103.4 103.1 -10.0 -3.3 -2.3 -1.2 -0.3 01 Nonagricultural foods (fish, distilled beverages) 0.787 97.4 96.2 4.6 0.8 2.4 -0.1 -1.2 1 INDUSTRIAL SUPPLIES & MATERIALS 26.437 95.0 95.2 -2.7 0.2 -0.5 0.2 0.2 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 10.217 96.0 96.0 -2.9 -0.1 -0.4 0.6 0.0 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 16.220 94.4 94.7 -2.5 0.5 -0.6 0.0 0.3 10 Agricultural industrial supplies & materials 1.877 93.9 95.9 -1.2 0.6 -2.5 0.6 2.1 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 24.560 95.1 95.2 -2.8 0.2 -0.4 0.2 0.1 11 Fuels & lubricants 2.663 115.2 115.6 9.2 2.4 0.2 0.9 0.3 12 Nonagricultural supplies & materials excluding fuels & building materials 20.194 91.8 91.7 -5.2 -0.2 -0.5 0.1 -0.1 13 Selected building materials 1.703 97.9 98.2 0.5 0.4 0.6 0.2 0.3 2 CAPITAL GOODS 42.447 100.5 100.7 0.1 -0.1 -0.1 0.1 0.2 20 Electric & electrical generating Equipment 4.341 100.6 100.6 -0.1 -0.1 -0.1 0.1 0.0 21 Nonelectrical machinery 32.769 98.7 98.9 -1.2 -0.1 -0.1 -0.1 0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 9.770 101.5 101.7 0.7 0.2 0.2 0.0 0.2 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 11.369 101.8 101.9 1.2 0.0 0.0 0.2 0.1 40 Nondurables, manufactured 6.411 101.6 101.6 0.6 0.0 -0.1 0.2 0.0 41 Durables, manufactured 4.855 101.3 101.7 1.3 -0.2 0.0 0.0 0.4 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for October, November and December 1996 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, January 1996-January 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Jan. Sept. Oct. Nov. Dec. SITC Description 1996 1996 1996 1996 1996 Rev. 3 December December January to to to to to 1996 1996 1997 Jan. Oct. Nov. Dec. Jan. 1/ 2/ 1997 1996 1996 1996 1997 ALL COMMODITIES 100.000 101.7 101.4 0.8 0.5 -0.2 0.1 -0.3 0 FOOD AND LIVE ANIIALS 3.739 95.6 95.4 3.1 0.8 0.3 -2.1 -0.2 01 Meat and meat preparations 0.327 98.9 97.6 1.6 1.8 -0.3 -3.3 -1.3 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 0.931 98.3 98.4 4.2 0.0 0.1 1.2 0.1 05 Vegetables and fruit, prepared fresh or dried 1.065 105.4 105.2 13.6 3.1 1.5 -5.4 -0.2 07 Coffee, tea, cocoa, spices and manufactures thereof 0.504 75.0 76.8 -6.9 -1.9 -0.3 -2.8 2.4 0R 3/ Other food and live animals (9612=100) 0.913 100.0 98.6 n.a. n.a. n.a. n.a. -1.4 1 BEVERAGES AND TOBACCO 0.793 105.2 105.6 3.6 0.0 0.1 0.2 0.4 11 Beverages 0.674 102.9 102.9 1.9 0.1 0.1 0.3 0.0 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 2.863 96.2 97.0 -3.7 -1.6 1.0 -0.2 0.8 23 Crude rubber (including synthetic and reclaimed) 0.283 88.2 88.2 -12.6 -2.5 2.4 3.2 0.0 24 Cork and wood 1.059 120.6 121.4 24.3 -5.7 5.8 -4.1 0.7 25 Pulp and waste paper 0.354 66.2 65.7 -35.5 1.7 0.1 -2.4 -0.8 28 Metalliferous ores and metal scrap 0.573 97.3 99.1 -3.1 -0.2 -1.4 1.6 1.8 29 Crude animal and vegetable materials, n.e.s. (9612=100) 0.249 100.0 105.7 n.a. n.a. n.a. n.a. 5.7 2R 3/ Other crude materials, inedible, except fuels (9612=100) 0.346 100.0 98.1 n.a. n.a. n.a. n.a. -1.9 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 11.148 133.1 137.5 30.6 6.8 -0.1 1.1 3.3 33 Petroleum, petroleum products and related materials 9.643 131.4 133.3 26.4 6.9 -1.0 -0.2 1.4 34 Gas, natural and manufactured 1.384 155.5 181.9 72.6 6.7 10.5 13.9 17.0 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 5.524 99.0 98.6 -1.9 0.1 0.0 -0.1 -0.4 51 Organic chemicals 1.574 98.8 98.8 0.3 -0.8 1.3 -0.6 0.0 52 Inorganic chemicals 0.680 103.5 104.0 3.1 3.0 -1.3 1.4 0.5 53 Dyeing, tanning and coloring materials 0.287 100.4 99.3 -2.8 -1.3 -0.7 -0.2 -1.1 54 Medicinal and pharmaceutical products 0.906 99.7 98.5 -3.3 -1.2 -0.2 -0.2 -1.2 55 Essential oils; polishing and cleansing preps 0.317 100.1 99.4 -6.9 1.1 -0.6 -0.6 -0.7 57 Plastics in primary forms 0.364 95.0 94.5 -8.0 -0.1 2.5 -0.7 -0.5 58 Plastics in nonprimary forms 0.528 86.6 85.6 -7.7 0.6 -1.4 0.7 -1.2 59 Chemical materials and products, n.e.s. 0.647 105.8 105.5 -0.4 -0.4 -0.3 -1.4 -0.3 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 11.976 95.5 95.2 -5.7 -1.0 -0.6 0.1 -0.3 62 Rubber manufactures, n.e.s. 0.713 98.5 98.4 -2.4 -0.3 -0.7 -0.1 -0.1 63 Cork and wood manufactures other than furniture 0.536 98.8 98.1 n.a. n.a. n.a. n.a. -0.7 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.506 86.2 84.6 -21.7 -3.9 -2.2 -1.5 -1.9 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.372 100.7 100.3 -0.9 -0.1 0.0 0.5 -0.4 66 Nonmetallic mineral manufactures, n.e.s. 2.070 103.0 103.5 2.7 -0.1 0.5 0.3 0.5 67 Iron and steel 1.979 97.0 95.6 -3.7 0.1 -0.4 -0.4 -1.4 68 Nonferrous metals 1.686 84.7 86.3 -10.4 -2.0 -1.4 1.1 1.9 69 Manufactures of metals, n.e.s. 1.951 101.1 100.4 -0.9 -0.2 -0.1 0.3 -0.7 7 MACHINERY AND TRANSPORT EQUIPMENT 46.583 98.1 97.0 -3.1 -0.2 -0.3 0.0 -1.1 71 Power generating machinery and equipment (9612=100) 2.896 100.0 99.8 n.a. n.a. n.a. n.a. -0.2 72 Machinery specialized for particular industries 2.651 101.5 100.9 -0.5 -0.1 -0.2 0.5 -0.6 73 Metalworking machinery 0.818 101.3 100.9 -1.5 -0.2 -0.2 0.1 -0.4 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.395 100.7 100.5 -1.2 -0.2 -0.5 0.0 -0.2 75 Computer equipment and office machines 7.659 88.2 86.3 -11.8 -0.6 -0.8 -0.6 -2.2 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.532 95.8 95.4 -3.7 -0.2 -0.3 -0.2 -0.4 77 Electrical machinery and equipment 9.600 92.6 90.0 -8.8 -0.7 -1.0 -0.8 -2.8 78 Road vehicles 14.021 100.8 100.7 0.1 -0.1 -0.2 0.1 -0.1 8 MISCELLANEOUS MANUFACTURED ARTICLES 16.854 100.3 100.4 -0.4 -0.1 -0.1 -0.2 0.1 81 Prefabricated buildings; plumbing, heat lighting fixtures, n.e.s. 0.382 99.3 98.9 -4.0 -0.6 -1.9 0.3 -0.4 82 Furniture and parts thereof 1.201 101.6 101.9 0.6 -0.1 1.0 -0.1 0.3 83 Travel goods, handbags and similar containers 0.483 100.7 101.3 0.5 0.0 -0.4 -0.1 0.6 84 Articles of apparel and clothing accessories 5.526 101.1 101.3 0.4 -0.2 0.4 -0.3 0.2 85 Footwear 1.702 100.9 101.4 0.4 -0.2 -0.1 0.2 0.5 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.574 99.6 99.1 -1.3 -0.4 -0.3 0.0 -0.5 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.332 96.9 96.2 -4.0 -0.2 -0.5 -0.2 -0.7 89 Miscellaneous manufactured articles, n.e.s. 4.654 100.3 100.3 -0.5 0.0 -0.4 -0.2 0.0 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for October, November and December 1996 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separetely Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, January 1996-January 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Jan. Sept. Oct. Nov. Dec. SITC Description 1996 1996 1996 1996 1996 Rev. 3 December December January to to to to to 1996 1996 1997 Jan. Oct. Nov. Dec. Jan. 1/ 2/ 1997 1996 1996 1996 1997 ALL COMMODITIES 100.000 99.3 99.5 -1.5 -0.2 -0.4 0.0 0.2 0 FOOD AND LIVE ANIMALS 8.162 101.9 100.7 -10.0 -1.6 -2.3 -1.3 -1.2 01 Meat and meat preparations 1.234 97.8 95.5 -5.7 0.4 -0.6 -0.5 -2.4 03 Fish, crustaceans, aquatic invertebrates and preparations 0.601 96.8 95.7 5.9 0.5 3.1 0.0 -1.1 04 Cereals and cereal preparations 3.149 100.5 98.8 -20.8 -4.3 -3.0 -1.0 -1.7 05 Vegetables, fruit and nuts, fresh or dried 1.402 101.0 101.0 0.0 2.1 -2.6 -4.9 0.0 08 feeding stuff for animals (not including unmilled cereals) 0.887 120.0 117.7 -2.6 -2.4 -5.0 1.9 -1.9 09 Miscellaneous edible products and preparations 0.394 103.7 103.6 n.a. n.a. n.a. n.a. -0.1 0R 3/ Other food and live animals (9612=100) 0.496 100.0 101.7 n.a. n.a. n.a. n.a. 1.7 1 BEVERAGES ANB TOBACCO 1.566 100.4 100.5 0.1 -0.1 -0.1 0.1 0.1 12 Tobacco and tobacco manufactures 1.297 100.4 100.5 n.a. n.a. n.a. n.a. 0.1 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 6.025 88.7 90.1 -7.2 -1.4 -0.9 0.0 1.6 21 Hides, skins and furskins, raw 0.390 113.8 113.5 25.6 7.4 -0.9 -2.2 -0.3 22 Oil seeds and oleaginous fruits 1.320 114.9 120.2 -1.3 -13.5 1.5 -0.6 4.6 24 Cork and wood 1.067 97.6 97.9 -0.2 0.4 0.4 0.5 0.3 25 Pulp and waste paper 0.675 56.0 56.1 -35.7 1.4 -1.5 -3.4 0.2 26 Textile fibers and their waste 0.873 83.5 83.3 -13.8 -1.4 -3.4 1.1 -0.2 27 Crude fertilizers and crude minerals 0.341 97.2 97.8 -2.3 0.4 0.2 0.0 0.6 28 Metalliferous ores and metal scrap 0.930 85.7 87.0 -4.6 1.1 -2.9 2.0 1.5 2R 3/ Other crude materials, inedible, except fuels (9612=100) 0.429 100.0 102.5 n.a. n.a. n.a. n.a. 2.5 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 2.373 117.3 118.0 10.3 3.5 -0.6 1.4 0.6 32 Coal, coke and briquettes 0.732 101.8 102.3 -0.7 0.0 0.2 0.1 0.5 33 Petroleum, petroleum products and related materials 1.464 129.2 129.5 16.7 5.9 -1.2 2.1 0.2 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.461 93.0 96.1 0.2 -4.3 -7.5 3.3 3.3 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 11.323 96.1 96.1 -0.6 0.1 -0.4 0.1 0.0 51 Organic chemicals 2.670 84.9 84.7 -6.7 0.2 0.1 -0.5 -0.2 52 Inorganic chemicals 0.892 101.8 99.7 -1.7 -0.2 0.0 0.4 -2.1 53 Dyeing, tanning and coloring materials 0.514 102.1 101.8 1.2 1.4 -0.2 0.1 -0.3 54 Medicinal and pharmaceutical products 1.278 101.8 101.4 0.4 -0.2 0.1 0.0 -0.4 55 Essential oils; polishing and cleansing preps 0.766 101.5 101.3 0.5 0.0 -0.2 0.0 -0.2 56 Fertilizers (9612=100) 0.622 100.0 100.5 n.a. n.a. n.a. n.a. 0.5 57 Plastics in primary forms 1.922 93.8 94.7 4.6 -0.5 -2.6 0.8 1.0 58 Plastics in nonprimary forms 0.846 97.4 99.1 -2.2 -0.3 -0.4 0.1 1.7 59 Chemical materials and products, n.e.s. 1.813 103.1 103.0 2.3 0.2 0.1 0.0 -0.1 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.443 97.0 97.1 -2.8 -0.4 -0.1 0.4 0.1 62 Rubber manufactures, n.e.s. 0.695 103.0 103.0 0.1 0.1 0.1 0.1 0.0 63 Cork and wood manufactures other than furniture 0.299 90.8 91.0 -3.5 0.3 0.3 0.1 0.2 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.606 84.9 83.7 -12.4 -1.8 -0.3 -0.8 -1.4 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.446 102.4 102.5 n.a. n.a. n.a. n.a. 0.1 66 Nonmetallic mineral manufactures, n.e.s. 0.895 103.9 104.1 2.5 1.0 1.0 -0.3 0.2 67 Iron and steel 1.104 101.7 102.7 n.a. n.a. n.a. n.a. 1.0 68 Nonferrous metals 1.255 88.3 89.9 -6.9 -1.7 -2.3 3.6 1.8 69 Manufactures of metals, n.e.s. 1.980 101.6 101.7 -0.7 0.0 -0.2 0.3 0.1 7 MACHINERY AND TRANSPORT EQUIPMENT 48.542 100.4 100.6 0.0 0.0 -0.1 0.0 0.2 71 Power generating machinery and equipment 4.281 104.6 105.2 2.8 -0.2 0.1 0.4 0.6 72 Machinery specialized for particular industries 4.667 102.9 103.6 1.3 0.0 -0.3 0.1 0.7 73 Metalworking machinery 0.930 102.4 103.3 1.9 -0.3 0.0 0.2 0.9 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 5.004 103.1 103.4 2.1 0.3 0.3 -0.2 0.3 75 Computer equipment and office machines 6.330 88.2 88.2 -8.1 -0.6 -0.8 -1.1 0.0 76 Telecommunications & sound recording & reproducing apparatus & equipment 3.758 100.4 100.7 1.3 0.1 0.1 0.0 0.3 77 Electrical machinery and equipment 10.148 97.6 97.6 -2.6 -0.4 0.0 0.1 0.0 78 Road vehicles 9.167 101.4 101.6 0.8 0.2 0.2 0.0 0.2 8 MISCELLANEOUS MANUFACTURED ARTICLES 11.135 101.3 101.5 1.0 0.0 0.1 0.3 0.2 82 Furniture and parts thereof 0.619 102.0 102.2 1.4 0.4 -0.3 0.0 0.2 84 Articles of apparel and clothing accessories 1.277 100.9 100.9 n.a. n.a. n.a. n.a. 0.0 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.708 102.7 103.4 2.7 0.0 0.3 0.5 0.7 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s. 0.912 99.2 98.9 n.a. n.a. n.a. n.a. -0.3 89 Miscellaneous manufactured articles, n.e.s. 4.180 100.6 100.3 -0.6 0.0 0.1 0.1 -0.3 8R 3/ Other miscellaneous manufactured articles (9612=100) 0.439 100.0 100.2 n.a. n.a. n.a. n.a. 0.2 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for October, November and December 1996 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. NOTE: Published categories may include price data not shown separately Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, January 1996-January 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Jan. Sept. Oct. Nov. Dec. nized Description 1996 1996 1996 1996 1996 System December December January to to to to to 1996 1996 1997 Jan. Oct. Nov. Dec. Jan. 1/ 2/ 1997 1996 1996 1996 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.429 97.2 96.2 0.8 0.8 0.3 0.5 -1.0 02 Meat and edible meat offal 0.252 94.2 92.8 -6.6 1.8 0.2 -1.3 -1.5 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.808 97.9 98.2 5.0 0.1 0.6 1.1 0.3 3/ Other live animals and animal products (9612=100) 0.370 100.0 96.6 n.a. n.a. n.a. n.a. -3.4 II VEGETABLE PRODUCTS 1.439 87.6 88.1 0.9 1.3 1.6 -3.0 0.6 07 Edible vegetables and certain roots and tubers 0.269 104.3 101.5 53.8 12.7 -6.7 -10.9 -2.7 08 Edible fruit and nuts; peel of citrus fruit or melons 0.477 111.4 107.8 6.7 -0.3 18.1 -1.9 -3.2 09 Coffee, tea, mate and spices 0.313 67.6 70.3 -11.0 -2.6 -0.4 -4.8 4.0 3/ Other vegetable products 0.380 92.0 96.6 -6.9 -0.1 -4.6 4.8 5.0 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 1.988 102.1 101.7 0.3 -0.6 -0.7 -0.6 -0.4 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.282 98.3 99.7 -7.6 -3.6 -3.8 -3.9 1.4 22 Beverages, spirits, and vinegar 0.706 103.0 103.0 2.1 -0.1 0.5 -0.2 0.0 V MINERAL PRODUCTS 11.715 131.4 135.8 29.3 6.6 -0.2 0.7 3.3 26 Ores, slag and ash 0.270 98.3 98.0 -2.8 0.1 -0.1 -1.0 -0.3 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 11.225 133.1 137.8 30.9 6.9 -0.2 0.8 3.5 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 5.138 101.6 101.5 -0.4 0.1 -0.3 0.2 -0.1 28 Inorganic chemicals 0.827 104.5 105.8 1.9 2.0 -2.2 2.5 1.2 29 Organic chemicals 1.989 99.6 99.3 0.1 -0.9 1.0 -0.4 -0.3 30 Pharmaceutical products 0.541 104.2 103.3 -0.3 0.0 -0.7 -0.1 -0.9 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.288 100.0 98.7 -3.4 -1.3 -0.7 -0.3 -1.3 37 Photographic or cinematographic goods 0.341 98.9 97.8 -2.5 -0.3 -0.3 -0.1 -1.1 38 Miscellaneaous chemical products (9612=100) 0.404 100.0 101.0 n.a. n.a. n.a. n.a. 1.0 3/ Other products of the chemical or allied industries (9612=100) 0.747 100.0 100.0 n.a. n.a. n.a. n.a. 0.0 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.747 94.5 94.5 -4.7 -0.3 -0.2 0.4 0.0 39 Plastics and articles thereof 1.667 95.0 94.8 -3.7 0.2 -0.2 0.1 -0.2 40 Rubber and articles thereof 1.080 93.9 94.1 -6.2 -1.2 -0.1 0.9 0.2 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 0.965 103.7 104.2 3.4 -0.1 1.7 -0.1 0.5 42 Articles of leather; travel goods, bags, etc. of various materials 0.808 100.7 101.4 0.8 0.0 -0.2 -0.2 0.7 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.638 111.2 111.3 13.0 -4.2 2.2 -1.6 0.1 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.214 83.5 82.6 -21.5 -1.9 -1.6 -1.5 -1.1 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.354 67.0 66.6 -34.6 1.8 0.1 -2.6 -0.6 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.521 87.4 86.1 -19.9 -3.4 -2.1 -1.4 -1.5 49 Printed matter 0.339 100.5 100.5 1.6 1.1 -2.3 0.2 0.0 XI TEXTILE AND TEXTILE ARTICLES 6.525 100.4 100.4 -0.1 -0.3 0.2 -0.1 0.0 61 Articles of apparel and clothing accessories, knitted or crocheted 1.947 101.3 100.9 -0.7 0.1 0.0 -0.3 -0.4 62 Articles of apparel and clothing accessories, not knitted or crocheted 3.095 100.9 101.3 0.9 -0.3 0.2 -0.3 0.4 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.335 99.7 99.2 -1.0 -0.1 0.0 0.0 -0.5 3/ Other textile & textile articles (9612=100) 1.148 100.0 99.7 n.a. n.a. n.a. n.a. -0.3 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 1.978 100.9 101.4 0.3 -0.1 0.0 0.0 0.5 64 Footwear, gaiters and the like; parts of such articles 1.707 100.8 101.3 0.3 -0.3 0.0 0.1 0.5 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 0.271 100.0 100.0 n.a. n.a. n.a. n.a. 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.107 103.5 104.4 2.9 -0.2 0.1 0.8 0.9 69 Ceramic products 0.426 102.1 102.5 n.a. n.a. n.a. n.a. 0.4 70 Glass and glassware 0.432 104.3 104.9 2.6 -0.4 0.8 0.6 0.6 XIV PEARLS, STONES, PRECIOUS METALS, IIITATION JEWELRY, AND COINS 2.089 97.9 97.4 -2.4 -0.7 -0.1 -0.5 -0.5 XV BASE METALS AND ARTICLES OF BASE METAL 5.568 94.1 94.1 -4.8 -0.5 -0.5 0.5 0.0 72 Iron and steel 1.689 95.9 94.5 -3.8 0.0 -0.3 -0.1 -1.5 73 Articles of iron or steel 1.266 99.8 99.7 -2.2 -0.1 -0.5 -0.5 -0.1 74 Copper and articles thereof 0.420 81.3 81.7 -15.7 -1.7 1.2 4.9 0.5 76 Aluminum and articles thereof 0.871 87.0 90.8 -3.9 -3.3 -1.3 1.2 4.4 83 Miscellaneous articles of base metal 0.402 103.3 102.4 2.0 0.4 -0.1 0.6 -0.9 3/ Miscellaneous nonferrous metals and articles, including scrap (9612=100) 0.480 100.0 99.3 n.a. n.a. n.a. n.a. -0.7 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 30.931 95.8 94.1 -5.5 -0.3 -0.4 -0.1 -1.8 84 Specialized machinery & computer equipment 16.316 97.4 96.5 -3.6 -0.3 -0.1 0.2 -0.9 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 14.615 94.0 91.4 -7.7 -0.5 -0.7 -0.4 -2.8 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 15.138 101.1 100.9 0.2 0.0 -0.2 0.2 -0.2 87 Motor vehicles and their parts 14.304 100.8 100.7 0.1 -0.1 -0.2 0.1 -0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 3.515 97.4 96.2 -3.9 -0.3 -0.5 -0.2 -1.2 90 Optical, photographic, measuring and medical instruments 3.003 97.3 96.0 -3.9 -0.3 -0.3 -0.2 -1.3 91 Clocks and watches and parts thereof 0.375 98.4 97.4 -4.3 0.1 -0.9 -0.6 -1.0 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.570 100.3 100.3 -0.9 -0.3 0.1 -0.1 0.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.525 99.9 100.0 -1.0 -0.2 0.4 0.0 0.1 95 Toys, games and sports equipment; parts and accessories thereof 1.764 101.2 101.2 -0.6 -0.3 0.0 -0.4 0.0 96 Miscellaneous manufactured articles 0.280 96.4 96.2 -3.0 -0.6 -0.1 0.3 -0.2 1 Relative importance figures are based on 1995 trade values. 2 Data for October, November and December 1996 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, January 1996-January 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Jan. Sept. Oct. Nov. Dec. nized Description 1996 1996 1996 1996 1996 System December December January to to to to to 1996 1996 1997 Jan. Oct. Nov. Dec. Jan. 1/ 2/ 1997 1996 1996 1996 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 2.064 99.6 97.6 1.1 0.6 1.2 -0.5 -2.0 02 Meat & edible meat offal 1.150 96.0 93.3 -7.3 0.1 -0.4 -0.3 -2.8 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.546 97.0 95.0 5.3 0.9 3.5 -0.2 -2.1 3/ Other live animals and animal products (9612=100) 0.368 100.0 100.2 n.a. n.a. n.a. n.a. 0.2 II VEGETABLE PRODUCTS 5.628 102.5 102.9 -13.9 -5.1 -2.1 -1.7 0.4 07 Edible vegetables and certain roots and tubers 0.304 96.9 96.9 -4.2 4.2 4.6 -7.2 0.0 08 Edible fruit and nuts; peel of citrus fruit or melons 0.691 100.0 99.8 -2.6 1.4 -5.7 -5.6 -0.2 10 Cereals 2.899 100.0 98.1 -22.2 -4.9 -3.3 -1.0 -1.9 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.498 114.1 120.0 -0.2 -12.5 1.4 -0.5 5.2 III ANIMAL OR VEGETABLE FATS AND OILS 0.495 93.5 95.7 -1.1 -4.1 -5.9 2.9 2.4 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.710 104.5 104.3 -0.3 -0.6 -1.6 0.5 -0.2 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.381 105.2 106.4 3.3 0.5 0.3 0.5 1.1 21 Miscellaneous edible preparations 0.362 104.4 104.4 2.2 0.1 0.1 0.8 0.0 22 Beverages, spirits, and vinegar 0.345 101.4 100.2 n.a. n.a. n.a. n.a. -1.2 23 Residues and waste from the food industries; prepared animal feed 0.815 119.5 116.9 -3.9 -2.4 -5.2 1.5 -2.2 24 Tobacco and manufactured tobacco substitutes 1.301 100.4 100.5 n.a. n.a. n.a. n.a. 0.1 3/ Other prepared foods 0.505 99.1 100.7 n.a. n.a. n.a. n.a. 1.6 V MINERAL PRODUCTS 2.994 112.9 113.8 8.9 3.1 -0.3 1.5 0.8 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 2.436 118.9 119.6 11.8 3.3 -0.3 1.5 0.6 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 9.191 97.3 97.1 -1.0 0.2 0.1 0.0 -0.2 28 Inorganic chemicals 0.974 102.8 101.3 -0.6 -0.2 0.1 0.5 -1.5 29 Organic chemicals 2.989 88.3 88.1 -4.1 0.3 0.1 -0.5 -0.2 30 Pharmaceutical products 0.918 101.1 101.4 -0.3 -0.1 0.2 0.0 0.3 31 Fertilizers (9612=100) 0.689 100.0 100.5 n.a. n.a. n.a. n.a. 0.5 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.522 101.9 101.5 0.8 1.0 -0.1 0.1 -0.4 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.528 101.3 100.9 -0.3 0.0 -0.2 0.1 -0.4 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.324 101.4 101.4 1.7 -0.1 0.1 0.3 0.0 37 Photographic or cinematographic goods 0.445 98.0 97.8 -0.2 0.0 0.2 0.8 -0.2 38 Miscellaneous chemical products 1.586 103.2 103.0 2.2 0.1 0.0 -0.1 -0.2 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.491 96.8 97.2 1.4 -0.4 -1.0 0.3 0.4 39 Plastics and articles thereof 3.563 96.0 96.5 1.8 -0.4 -1.3 0.4 0.5 40 Rubber and articles thereof 0.928 99.8 100.0 -0.6 -0.2 -0.2 0.2 0.2 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.629 105.5 105.0 12.9 4.4 0.2 -1.7 -0.5 41 Raw hides and skins (other than furskins) and leather 0.457 101.3 100.6 10.4 5.8 0.2 -2.2 -0.7 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.387 96.5 96.9 -0.4 0.3 0.5 0.3 0.4 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 3.023 76.6 76.0 -19.0 -0.5 -0.6 -1.4 -0.8 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.664 57.2 57.0 -35.4 1.2 -1.5 -3.2 -0.3 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.550 84.8 83.7 -13.0 -2.0 -0.5 -1.1 -1.3 49 Printed material 0.809 105.3 105.5 3.4 -0.2 0.1 0.0 0.2 XI TEXTILE AND TEXTILE ARTICLES 3.341 93.2 93.2 -6.1 -0.8 -1.3 0.5 0.0 52 Cotton, including yarns and woven fabrics thereof 0.760 84.3 84.3 -13.4 -1.4 -3.6 2.3 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. 0.869 103.1 103.3 n.a. n.a. n.a. n.a. 0.2 70 Glass and glassware 0.502 101.3 101.6 n.a. n.a. n.a. n.a. 0.3 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.469 100.7 98.8 -1.5 -0.3 0.1 -0.6 -1.9 XV BASE METALS AND ARTICLES OF BASE METALS 4.635 94.1 94.5 -4.4 -0.7 -1.3 1.8 0.4 72 Iron and steel 0.975 92.6 93.4 -6.9 -0.9 -2.1 0.4 0.9 73 Articles of iron or steel 1.223 102.5 102.5 1.0 0.1 0.8 0.1 0.0 74 Copper and articles thereof 0.456 83.6 84.7 -12.8 -0.5 1.0 5.6 1.3 76 Aluminum and articles thereof 0.889 85.8 86.5 -6.2 -2.5 -2.1 4.3 0.8 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof 0.416 103.3 103.7 n.a. n.a. n.a. n.a. 0.4 83 Miscellaneous articles of base metal 0.380 99.7 99.4 -1.2 -0.6 0.1 0.5 -0.3 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 35.121 98.5 98.6 -1.4 -0.1 -0.2 0.0 0.1 84 Specialized machinery & computer equipment 20.168 98.5 98.8 -1.1 -0.1 -0.2 -0.2 0.3 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 14.953 98.4 98.3 -1.9 -0.3 0.1 0.1 -0.1 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 13.730 103.1 103.2 1.9 0.2 0.1 0.1 0.1 87 Motor vehicles and their parts 9.593 101.5 101.7 0.8 0.3 0.1 0.0 0.2 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 5.292 101.8 102.3 1.5 -0.2 0.2 0.4 0.5 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.730 101.3 101.6 1.0 0.1 0.0 0.0 0.3 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.859 102.3 102.4 1.3 0.3 -0.2 0.0 0.1 95 Toys, games and sports equipment; parts and accessories thereof 0.700 100.2 100.7 0.6 0.0 0.0 0.0 0.5 1 Relative importance figures are based on 1995 trade values. 2 Data for October, November and December 1996 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin,January 1996-January 1997 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports Jan. Sept. Oct. Nov. Dec. Description 1/ 1996 1996 1996 1996 1996 1995 Dec. Jan. to to to to to 1996 1997 Jan. Oct. Nov. Dec. Jan. 2/ 1997 1996 1996 1996 1997 3/ Developed Countries 55.6 100.2 100.0 -0.9 -0.2 -0.1 0.2 -0.2 Manufactured Goods 52.2 98.8 98.4 -2.4 -0.3 -0.3 -0.1 -0.4 Nonmanufactured Goods 3.1 126.3 128.4 24.7 2.9 2.9 3.2 1.7 3/ Developing Countries 42.7 105.1 105.4 4.8 1.7 -0.3 -0.2 0.3 Manufactured Goods 35.4 100.4 100.3 -0.3 0.5 0.3 -0.2 -0.1 Nonmanufactured Goods 7.1 123.0 124.8 23.9 5.3 -1.9 -0.2 1.5 Canada 18.9 101.2 101.4 0.5 0.2 0.3 0.4 0.2 Manufactured Goods 16.5 98.0 98.0 -2.7 -0.3 0.0 -0.1 0.0 Nonmanufactured Goods 2.2 129.7 132.2 27.0 3.3 2.8 3.5 1.9 4/ European Union 17.0 103.0 102.6 0.6 0.3 -0.3 0.2 -0.4 Manufactured Goods 16.4 102.3 101.9 -0.1 0.1 -0.3 0.1 -0.4 Nonmanufactured Goods 0.5 129.8 129.4 24.2 5.3 2.9 0.9 -0.3 Japan 16.6 96.0 95.4 -4.4 -0.4 -0.4 -0.3 -0.6 5/ Asian Newly Industrialized Countries 10.9 97.0 96.6 -3.0 0.2 -0.4 -0.4 -0.4 1 Regions are not mutually exclusive. 2 Data for October, November and December 1996 have been revised to reflect the availability of late reports and corrections by respondents. 3 Defined according to the Standard Census Definition. 4 Includes EU 15 countries 5 Includes Hong Kong, Singapore, South Korea, and Taiwan. Table 8 U.S. Import and Export Price Indexes and Percent Changes for Selected Categories of Services. December 1995-December 1996 1990 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade Dec. Dec. March June Sept. Description (Mil. 1995 1995 1996 1996 1996 of Sept. Dec. to to to to to Dollars) 1996 1996 Dec. March June Sept. Dec. 1996 1996 1996 1996 1996 IMPORT Air Freight (9/90 = 100) 2001 116.1 114.3 -4.3 -1.2 -1.4 -0.3 -1.6 Atlantic (9/90 = 100) 738 98.4 98.1 -3.1 -2.3 -2.5 2.1 -0.3 Pacific (9/90 = 100) 1102 132.1 128.9 -5.4 -0.7 -0.9 -1.4 -2.4 Air Passenger Fares 10450 122.1 118.6 2.1 -0.8 7.5 -1.5 -2.9 Atlantic 6577 122.0 113.5 0.9 -1.6 10.5 -0.2 -7.0 Pacific 2051 111.1 119.5 2.2 -1.0 5.8 -9.2 7.6 Latin American / Caribbean 1678 134.1 134.2 3.7 2.2 0.1 1.4 0.1 Crude Oil Tanker Freight 1985 114.7 123.9 -14.4 -9.4 -1.4 -11.3 8.0 Atlantic 534 120.5 118.7 5.0 13.3 -0.5 -5.3 -1.5 Gulf 1328 104.8 118.4 -21.5 -17.3 -5.1 -11.5 13.0 Ocean Liner Freight 6017 110.1 109.8 -2.6 0.9 -1.9 -1.3 -0.3 U.S. East Coast 2832 117.8 117.9 0.2 1.2 -1.0 -0.1 0.1 from Atlantic 1336 126.4 126.3 3.0 5.2 -2.2 0.2 -0.1 from Pacific 1094 112.4 112.6 -3.5 -3.3 -0.2 -0.2 0.2 U.S. West Coast 3185 103.4 102.7 -5.3 0.6 -2.8 -2.5 -0.7 from Pacific 2840 104.9 104.0 -6.1 0.3 -3.1 -2.5 -0.9 EXPORT Air Passenger Fares 11867 127.9 123.9 3.3 1.6 1.4 3.6 -3.1 1/ Atlantic 4159 136.5 125.8 7.6 2.0 5.8 8.2 -7.8 1/ Pacific 4679 120.5 114.9 -4.6 2.3 -2.4 0.2 -4.6 Latin American / Caribbean 1775 125.3 126.3 -0.2 -0.8 -1.1 0.9 0.8 Canadian 619 149.3 188.6 46.9 4.0 4.3 7.2 26.3 1 Detailed data available upon request. Table 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. December 1995-December 1996 1990 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade Dec. Dec. March June Sept. Description (Mil. 1995 1995 1996 1996 1996 of Sept. Dec. to to to to to Dollars) 1996 1996 Dec. March June Sept. Dec. 1996 1996 1996 1996 1996 Air Freight (Inbound) (9/90 = 100) 3308 109.8 109.0 -3.8 -2.8 -0.8 0.5 -0.7 Atlantic (9/90 = 100) 1025 96.3 98.1 -3.3 -5.0 -1.9 1.8 1.9 Pacific (9/90 = 100) 2028 117.6 115.6 -4.5 -1.7 -0.5 -0.7 -1.7 Air Freight (Outbound) (9/92 = 100) 2694 97.4 97.7 -0.4 -0.5 0.3 -0.5 0.3 Atlantic (9/92 = 100) 920 103.8 104.1 -1.0 -1.9 0.9 -0.2 0.3 Pacific (9/92 = 100) 1224 96.7 97.1 -0.2 0.3 0.0 -0.9 0.4 Air Passenger Fares (U.S. Carrier) 24233 131.1 124.1 5.7 2.2 6.2 2.9 -5.3 1/ Atlantic 10075 133.5 115.5 5.3 1.3 13.3 6.0 -13.5 1/ Pacific 7271 125.5 121.0 0.5 4.2 1.8 -1.7 -3.6 1/ Latin American / Caribbean 4492 130.1 130.1 2.7 2.5 -0.1 0.2 0.0 Canadian 1264 165.6 205.7 47.9 0.1 2.7 15.8 24.2 Air Passenger Fares (Foreign Carrier) 22669 125.5 119.7 3.8 -0.7 7.0 2.4 -4.6 Atlantic 13156 125.8 114.6 2.7 -1.6 10.3 3.9 -8.9 Pacific 5663 118.9 118.8 1.4 -0.3 4.5 -2.7 -0.1 Latin American / Caribbean 2890 131.8 132.0 3.1 1.7 -0.1 1.3 0.2 Crude Oil Tanker Freight (Inbound) 2153 112.9 122.2 -8.5 -3.2 -1.9 -11.0 8.2 Atlantic 572 117.3 116.1 7.0 13.2 -2.5 -2.0 -1.0 Gulf 1455 103.4 116.6 -14.4 -9.0 -4.8 -12.4 12.8 Ocean Liner Freight (Inbound) 8065 109.5 110.0 -2.7 0.4 -1.9 -1.6 0.5 U.S. East Coast 3769 115.9 117.0 0.4 1.1 -0.9 -0.7 0.9 from Atlantic 1889 121.9 122.3 1.9 4.7 -1.6 -1.4 0.3 from Pacific 1154 108.2 108.4 -4.7 -4.1 -0.6 -0.2 0.2 U.S. West Coast 4296 104.0 103.9 -5.6 -0.3 -2.9 -2.4 -0.1 from Pacific 3943 105.2 105.0 -6.3 -0.5 -3.1 -2.5 -0.2 1 Detailed data available upon request. TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are weighted with 1990 trade weights. The merchandise price indexes are published using three classifications: the Harmonized System (HS), the Bureau of Economic Analysis End-Use System, and the Standard International Trade Classification (SITC) system, Rev. 3. Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represents transactions between U.S. and foreign residents) and International (which represents all transactions with U.S. importers or exporters, regardless of nationality). Published series use a base year of 1990=100 where possible. Exceptions are for the recently instituted HS indexes, which use a base of December 1992=100. Net transaction price data are collected every month for over 20,000 products from over 6,000 companies and secondary sources. Indexes are not seasonally adjusted. Historical index series and additional information may be obtained from the Division of International Prices, Bureau of Labor Statistics, 2 Massachusetts Avenue NE, PSB 3955, Washington, D.C. 20212, (202) 606-7155. Import Price Indexes -- Products have been classified by the 1990 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 1990 Harmonized Schedule B classification system of the U.S. Bureau of the Census. The prices used are generally either "free on board" (f.o.b.) factory or "free alongside ship" (f.a.s.) transaction prices, depending on the practices of the individual industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture. Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for the Import Price Indexes. Prior to January 1993, nonmanufactured goods were defined as SITC 0-4 and manufactured goods were defined as SITC 5-8. Beginning with January 1993, the indexes are weighted by country or region of origin using a nomenclature based upon the Standard Industrial Classification (SIC- Based). Nonmanufactured goods are defined as SIC 0-1, and manufactured goods are defined as SIC 2-3. The indexes use a base of December 1990=100. Import, Export, and International Services Indexes -- Indexes are updated on a quarterly basis. The figures for services indexes will not sum up to the aggregate dollar value because not all categories are shown in the tables. Revenue figures for air passenger indexes exclude frequent flyer tickets and those sold by consolidators. Indexes for crude oil tanker freight are calculated from data collected by the U. S. Department of Energy and represent the second month of the quarter. Revision policy -- Data are revised for the previous three months to reflect the availability of late reports and corrections by respondents. Uses of the Data -- The primary use of the indexes is to deflate trade statistics. For merchandise trade, the End-Use classification system is the structure used by the Department of Commerce in the construction of the foreign trade sector of the National Income and Product Accounts. Indexes published using the Harmonized System and the Standard International Trade Classification, Rev. 3, both international structures, are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Accounts data, while International indexes are more appropriate for market analysis. Merchandise and services indexes can also be used to study U.S. competitiveness and price elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade analysis. The import and export news release contains monthly price indexes at the two-digit level of detail. If you would like to be added to the mailing list for more detailed index and percent change tables, please fill out the form below and mail or fax it to the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. 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