Technical Information: Jim Thomas (202) 606-7155 USDL-98-379 Bill Alterman (202) 606-7108 Transmission of This Media contact: Material is Embargoed Kathryn Hoyle (202) 606-5902 Until: 10:00 A.M. E.D.T. Internet Address: http://stats.bls.gov/ipphome.htm Tuesday, September 15, 1998 U.S. IMPORT AND EXPORT PRICE INDEXES -AUGUST 1998- The U.S. Import Price Index declined 0.3 percent in August, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The August decrease, the 10th consecutive monthly decline for the index, was attributable to the continued decline for nonpetroleum import prices. The U.S. Export Price Index fell 0.6 percent in August, after falling 0.1 percent and 0.6 percent in July and June, respectively. 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 1997 August -0.1 2.3 -0.3 0.0 0.1 0.0 September -0.1 0.2 0.0 -0.3 -0.1 -0.3 October 0.2 5.6 -0.3 -0.4 -1.8 -0.2 November -0.4 -3.5 -0.2 0.0 0.7 -0.1 December -1.0 -6.8 -0.4 -0.4 -0.8 -0.4 1998 January -1.3 -10.0 -0.6 -0.7 -2.7 -0.4 February -0.9 -6.5 -0.4 -0.3 -1.5 -0.2 March -0.8 -9.0 -0.3 -0.3 -0.5 -0.3 April -0.3 0.4 -0.3 -0.4 -1.6 -0.2 May -0.1 0.5r -0.2 0.1 1.0 -0.1r June -0.8r -4.5r -0.4r -0.6 0.0 -0.5r July -0.6r -3.1r -0.5 -0.1 0.3r -0.3r August -0.3 0.3 -0.3 -0.6 -3.7 -0.1 August 1996-97 -2.2 -8.8 -1.8 -1.4 -13.4 0.3 August 1997-98 -6.4 -31.8 -4.0 -4.0 -10.4 -3.1 r = revised to reflect late reports and corrections by respondents. Import Goods The 0.3 percent decline for import prices in August continued a three- year downward trend. Over the past 12 months, the index fell 6.4 percent compared with a 2.2 percent drop in the August 1996-97 period. Prices for nonpetroleum imports, which fell for the 11th consecutive month, were down 0.3 percent in August. Prices for petroleum imports edged up 0.3 percent after decreasing 3.1 percent in July and 4.5 percent in June. Over the past 12 months, the index for petroleum prices fell 31.8 percent after falling 8.8 percent in the August 1996-97 period. For the second consecutive month, import prices for all the major nonpetroleum commodity areas decreased. The index for foods, feeds, and beverages fell 2.4 percent in August, the largest decline in the index since July 1997. Over the past 12 months, this index dropped 5.1 percent. Imported capital goods prices continued a three year downward trend, falling 0.4 percent in August, slightly less than the rate of decrease posted in the two preceding months. Prices for capital goods declined 7.0 percent over the past 12 months. Prices for nonpetroleum industrial supplies and materials also were down in August, falling 0.4 percent after posting larger decreases of 1.0 percent in July and 1.1 percent in June. This index fell 6.0 percent over the past 12 months. More modest declines were again posted for autos, down 0.2 percent, and consumer goods, down 0.1 percent. Over the past year, these indexes fell 0.3 percent and 1.5 percent, respectively. Export Goods Export prices, down 0.6 percent in August, fell for the third consecutive month. For the year ended in August, this index decreased 4.0 percent. The index for agricultural prices led the decline in overall exports in August, decreasing 3.7 percent--the largest monthly change in the index since September 1996. Prices for agricultural exports had registered comparatively little movement in recent months after falling earlier in the year. The decline in August was largely attributable to falling prices for grains and oilseeds. Agricultural export prices fell 10.4 percent for the year ended in August after a 13.4 percent drop over the August 1996-97 period. The index of nonagricultural exports dipped 0.1 percent in August, the 12th consecutive month that this index has decreased. For the year ended in August, nonagricultural export prices were down 3.1 percent. The August decline in this index was attributable to a 0.3 percent decline for capital goods, the largest component of U.S. exports, and a 0.6 percent drop for nonagricultural industrial supplies and materials. The index of capital goods was down 2.8 percent over the past year and 0.5 percent over the August 1996-97 period. Prices for nonagricultural industrial supplies and materials have dropped for 13 consecutive months and were down 7.1 percent for the year ended in August. Exported automotive vehicle and consumer goods prices were unchanged in August. Over the past year, automotive vehicle prices rose just 0.1 percent, and consumer goods prices fell a modest 0.3 percent. Imports by Locality of Origin The price index of imports from Japan continued a three-year downward trend, decreasing 0.3 percent in August. The decline, however, was smaller than the 0.7 percent decreases posted in each of the two preceding months. Over the past 12 months the index declined 5.5 percent, compared with a 4.5 percent drop in the previous 12-month period. (See table 7.) Price decreases for imports from the Asian Newly Industrialized countries also persisted in August. The index fell 0.1 percent in August after posting declines of 1.0 percent or more in each of the prior three months. Over the past 12 months, the index was down 9.4 percent, more than doubling the average decline recorded over each of the previous two years. The price index for imports from the European Union fell 0.2 percent for the second consecutive month. For the year ended in August, the index decreased 1.3 percent, about the same as for the August 1996-97 period. The price index for imports from Latin America also declined in August, down 1.6 percent. The decrease was led by a 6.0 percent decline for nonmanufactured goods. In contrast, the index for imports from Canada edged up 0.1 percent last month after posting no change in July. The index, however, was down 3.2 percent on average over the past 12 months. CONTENTS OF RELEASE This news release includes the following tables: Table 1 Import Price Indexes, by End Use.....page 4 Table 2 Export Price Indexes, by End Use.....page 5 Table 3 Import Price Indexes, by SITC.....pages 6-7 Table 4 Export Price Indexes, by SITC.....pages 8-9 Table 5 Import Price Indexes, by Harmonized System.....pages 10-11 Table 6 Export Price Indexes, by Harmonized System.....pages 12-13 Table 7 Import Price Indexes, by Locality of Origin.....page 14 Table 8 U.S. Import and Export Price Indexes for Services.....page 15 Table 9 U.S. International Price Indexes for Services.....page 16 Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, August 1997-August 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July END Description 1997 1998 1998 1998 1998 USE July July August to to to to to 1998 1998 1998 Aug. May June July Aug. 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 91.9 91.6 -6.4 -0.1 -0.8 -0.6 -0.3 ALL IMPORTS EXCLUDING PETROLEUM.............. 93.903 93.2 92.9 -4.0 -0.2 -0.4 -0.5 -0.3 0 FOODS, FEEDS, & BEVERAGES................... 4.911 96.4 94.1 -5.1 -1.0 0.7 -0.7 -2.4 00 Agricultural foods, feeds & beverages, excluding distilled beverages.......... 3.437 92.6 89.8 -7.7 -1.7 0.1 -0.2 -3.0 01 Nonagricultural foods (fish, distilled beverages)............................. 1.474 106.2 105.4 1.2 0.3 2.4 -1.9 -0.8 1 INDUSTRIAL SUPPLIES & MATERIALS............. 24.772 86.8 86.6 -14.1 0.2 -1.9 -1.6 -0.2 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM................. 18.674 92.5 92.1 -6.0 0.1 -1.1 -1.0 -0.4 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE............................. 9.837 93.2 93.2 -6.3 0.1 -1.8 -0.9 0.0 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM...... 8.837 91.6 90.9 -5.6 0.0 -0.1 -1.2 -0.8 10 Fuels & lubricants......................... 7.276 76.2 76.4 -28.3 0.6 -3.9 -2.9 0.3 100 Petroleum & petroleum products............ 6.098 71.8 72.0 -31.8 0.5 -4.5 -3.1 0.3 1000 Crude................................... 4.664 69.2 69.6 -34.0 -1.1 -5.8 -1.0 0.6 11 Paper & paper base stocks.................. 1.893 81.8 80.6 -2.5 -0.6 1.0 0.1 -1.5 12 Materials associated with nondurable supplies & materials................... 5.980 89.7 89.0 -6.9 0.0 -0.2 -1.5 -0.8 13 Selected building materials................ 2.136 102.8 104.1 -6.8 -1.7 -2.7 3.1 1.3 14 Unfinished metals associated with durable goods.......................... 4.526 90.6 90.2 -7.3 1.4 -2.6 -2.5 -0.4 15 Finished metals associated with durable goods.................................. 1.479 92.8 92.9 -3.5 -0.9 0.1 -0.3 0.1 16 Nonmetals associated with durable goods.... 1.482 89.8 89.3 -6.1 -0.3 0.2 -1.9 -0.6 2 CAPITAL GOODS............................... 28.333 84.9 84.6 -7.0 -0.3 -0.7 -0.8 -0.4 20 Electric & electrical generating equipment.............................. 3.447 94.0 93.9 -3.3 -0.3 0.0 -0.7 -0.1 21 Nonelectrical machinery.................... 23.083 82.0 81.6 -8.2 -0.4 -0.8 -0.8 -0.5 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES........ 18.847 100.9 100.7 -0.3 -0.2 -0.1 -0.1 -0.2 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES............................ 23.138 98.0 97.9 -1.5 0.0 -0.1 -0.2 -0.1 40 Nondurables, manufactured.................. 11.551 100.8 100.8 0.0 0.0 0.2 -0.1 0.0 41 Durables, manufactured..................... 10.447 95.1 94.9 -3.0 -0.1 -0.4 -0.3 -0.2 42 Nonmanufactured consumer goods............. 1.140 98.7 97.1 -2.7 1.8 -0.6 0.0 -1.6 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for May, June and July 1998 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, August 1997-August 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July END Description 1997 1998 1998 1998 1998 USE July July August to to to to to 1998 1998 1998 Aug. May June July Aug. 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 95.9 95.3 -4.0 0.1 -0.6 -0.1 -0.6 AGRICULTURAL COMMODITIES..................... 10.127 93.4 89.9 -10.4 1.0 0.0 0.3 -3.7 NONAGRICULTURAL COMMODITIES.................. 89.870 96.1 96.0 -3.1 -0.1 -0.5 -0.3 -0.1 0 FOODS, FEEDS, & BEVERAGES................... 9.118 94.4 91.3 -10.3 1.0 -0.6 1.3 -3.3 00 Agricultural foods, feeds & beverages, excluding distilled beverages.......... 8.372 94.8 90.7 -11.5 1.1 -0.6 0.7 -4.3 01 Nonagricultural foods (fish, distilled beverages)............................. 0.746 91.6 98.8 2.7 -0.1 -1.1 8.1 7.9 1 INDUSTRIAL SUPPLIES & MATERIALS............. 24.570 89.3 88.9 -6.8 -0.1 -0.6 -1.2 -0.4 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE............................. 9.574 90.3 90.0 -6.5 0.0 -0.9 -1.0 -0.3 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE.......................... 14.996 88.7 88.2 -7.1 -0.2 -0.3 -1.3 -0.6 10 Agricultural industrial supplies & materials.............................. 1.755 88.9 88.2 -4.4 0.6 3.2 -1.6 -0.8 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS.............................. 22.814 89.4 88.9 -7.1 -0.2 -0.9 -1.1 -0.6 11 Fuels & lubricants......................... 2.178 95.8 94.2 -14.7 0.0 -1.4 -5.0 -1.7 12 Nonagricultural supplies & materials excluding fuels & building materials... 19.162 87.9 87.6 -6.0 -0.1 -0.8 -0.9 -0.3 13 Selected building materials................ 1.474 86.3 86.8 -7.5 -1.0 -0.7 0.3 0.6 2 CAPITAL GOODS............................... 44.256 97.6 97.3 -2.8 -0.1 -0.6 0.0 -0.3 20 Electric & electrical generating Equipment.............................. 4.491 100.6 100.4 -1.8 0.0 -0.2 0.0 -0.2 21 Nonelectrical machinery.................... 34.196 94.4 94.1 -3.5 0.0 -0.9 0.1 -0.3 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES........ 9.960 102.4 102.4 0.1 0.0 0.0 0.1 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES............................ 12.094 101.9 101.9 -0.3 0.1 -0.4 0.0 0.0 40 Nondurables, manufactured.................. 6.407 102.1 101.9 0.2 0.1 -0.2 0.1 -0.2 41 Durables, manufactured..................... 5.112 100.5 100.8 -1.3 0.2 -0.6 -0.2 0.3 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for May, June and July 1998 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, August 1997-August 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July SITC Description 1997 1998 1998 1998 1998 Rev. 3 July July August to to to to to 1998 1998 1998 Aug. May June July Aug. 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 91.9 91.6 -6.4 -0.1 -0.8 -0.6 -0.3 0 FOOD AND LIVE ANIMALS....................... 4.203 97.5 94.3 -6.5 -1.9 0.5 -0.5 -3.3 01 Meat and meat preparations................. 0.356 97.7 97.8 -6.1 -0.4 -3.0 -0.6 0.1 03 Fish, crustaceans, aquatic invertebrates and preparations thereof................ 1.114 106.5 104.4 -0.2 -0.2 2.1 -2.7 -2.0 05 Vegetables, fruit and nuts, fresh or dried.......................... 1.246 111.7 98.7 -4.4 -1.8 4.5 7.9 -11.6 07 Coffee, tea, cocoa, spices and manufactures thereof.................... 0.546 73.6 79.9 -18.1 -7.3 -4.6 -10.4 8.6 3/ Other food and live animals (9612=100)....... 0.941 94.3 92.3 -8.0 -0.8 -1.2 -1.7 -2.1 1 BEVERAGES AND TOBACCO....................... 0.912 109.8 109.7 1.9 0.1 0.3 0.2 -0.1 11 Beverages.................................. 0.768 106.5 106.3 2.0 0.1 0.4 0.2 -0.2 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS..... 2.858 87.2 85.8 -11.4 -0.6 -1.8 -0.6 -1.6 23 Crude rubber (including synthetic and reclaimed).............................. 0.188 53.4 54.2 -29.8 -5.9 1.9 -9.2 1.5 24 Cork and wood.............................. 1.022 105.5 106.5 -11.9 -3.2 -5.1 4.2 0.9 25 Pulp and waste paper....................... 0.381 64.6 62.5 -8.0 -1.3 5.1 -2.3 -3.3 28 Metalliferous ores and metal scrap......... 0.623 95.9 94.7 -9.6 0.1 -2.3 -2.6 -1.3 29 Crude animal and vegetable materials, n.e.s. (9612=100)....................... 0.311 113.4 100.9 -0.9 13.7 -2.5 0.3 -11.0 3/ Other crude materials, inedible, except fuels (9612=100).......................... 0.334 87.7 87.2 -10.8 -1.0 -0.3 -4.4 -0.6 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS................................ 6.961 75.4 75.6 -28.8 0.5 -4.1 -2.8 0.3 33 Petroleum, petroleum products and related materials....................... 5.757 71.2 71.5 -32.0 0.5 -4.7 -2.9 0.4 34 Gas, natural and manufactured.............. 1.074 109.5 108.7 -9.2 1.1 -1.7 -2.6 -0.7 5 CHEMICALS AND RELATED PRODUCTS, N.E.S....... 5.697 92.6 92.1 -4.5 0.6 0.0 -1.1 -0.5 51 Organic chemicals.......................... 1.617 92.0 91.7 -5.9 1.1 0.3 -0.3 -0.3 52 Inorganic chemicals........................ 0.696 96.1 94.6 -4.1 1.8 0.6 -1.7 -1.6 53 Dyeing, tanning and coloring materials..... 0.298 94.6 94.8 -0.6 0.1 0.1 -0.3 0.2 54 Medicinal and pharmaceutical products...... 0.950 94.8 94.9 -1.4 -0.1 -0.1 -0.5 0.1 55 Essential oils; polishing and cleansing preps................................... 0.329 94.3 93.4 -4.5 0.5 0.2 -0.5 -1.0 57 Plastics in primary forms.................. 0.393 93.1 91.2 -0.8 0.0 -0.1 -1.0 -2.0 58 Plastics in nonprimary forms............... 0.519 77.1 77.0 -11.9 -0.2 -1.1 -2.5 -0.1 59 Chemical materials and products, n.e.s..... 0.664 98.6 98.5 -4.6 0.5 -0.5 -2.7 -0.1 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL.............................. 12.901 93.4 93.3 -3.3 0.1 -0.6 -0.7 -0.1 62 Rubber manufactures, n.e.s................. 0.755 94.7 94.1 -1.8 0.0 0.3 -0.3 -0.6 63 Cork and wood manufactures other than furniture............................... 0.569 95.2 97.0 -2.9 -0.3 0.9 2.6 1.9 64 Paper, paperboard, and articles of paper pulp, paper or paper board........ 1.694 87.9 87.3 -0.8 -0.3 -0.1 0.5 -0.7 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product... 1.453 96.8 96.8 -3.0 -0.7 -0.1 -0.4 0.0 66 Nonmetallic mineral manufactures, n.e.s................................... 2.224 100.4 100.6 -1.9 -0.1 0.0 -0.3 0.2 67 Iron and steel............................. 2.054 91.4 91.0 -5.5 -0.3 -1.2 -1.7 -0.4 68 Nonferrous metals.......................... 1.931 88.0 88.0 -7.0 2.6 -3.5 -3.2 0.0 69 Manufactures of metals, n.e.s.............. 2.049 96.3 96.2 -2.1 -0.6 0.3 -0.3 -0.1 7 MACHINERY AND TRANSPORT EQUIPMENT........... 47.792 91.3 91.1 -4.1 -0.3 -0.4 -0.5 -0.2 71 Power generating machinery and equipment (9612=100).................... 3.111 97.5 97.6 -1.4 -0.2 0.0 -0.4 0.1 72 Machinery specialized for particular industries.............................. 2.802 97.3 97.1 -1.5 0.0 0.0 -0.3 -0.2 73 Metalworking machinery..................... 0.858 96.3 95.8 -2.1 -0.1 0.0 -0.6 -0.5 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s... 3.576 96.3 96.4 -1.2 0.1 0.3 -0.4 0.1 75 Computer equipment and office machines..... 6.683 69.8 69.2 -12.3 -1.4 -0.8 -0.7 -0.9 76 Telecommunications & sound recording & reproducing apparatus & equipment..... 4.635 88.9 88.7 -4.5 -0.1 -1.3 -0.6 -0.2 77 Electrical machinery and equipment......... 9.548 83.6 83.2 -7.1 -0.1 -1.2 -0.9 -0.5 78 Road vehicles.............................. 15.475 101.0 100.8 -0.3 -0.3 -0.1 -0.1 -0.2 8 MISCELLANEOUS MANUFACTURED ARTICLES......... 18.229 98.4 98.3 -1.8 -0.1 -0.1 -0.2 -0.1 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s.............. 0.405 95.4 95.4 -0.1 0.1 0.0 -0.6 0.0 82 Furniture and parts thereof................ 1.309 100.5 100.3 -2.5 0.1 -2.5 0.2 -0.2 83 Travel goods, handbags and similar containers.............................. 0.534 101.1 100.0 -1.2 0.9 0.7 0.0 -1.1 84 Articles of apparel and clothing accessories............................. 6.182 102.6 102.6 0.1 -0.1 0.1 0.0 0.0 85 Footwear................................... 1.873 100.8 100.9 -0.2 0.0 0.1 0.1 0.1 87 Professional, scientific and controlling instruments and apparatus, n.e.s........ 1.648 94.6 94.7 -2.6 0.5 -0.2 -0.3 0.1 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.;..... 1.377 90.9 90.6 -4.0 -0.4 -0.2 -0.1 -0.3 89 Miscellaneous manufactured articles, n.e.s................................... 4.900 95.8 95.6 -3.6 -0.4 0.1 -0.4 -0.2 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for May, June and July 1998 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, August 1997-August 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July SITC Description 1997 1998 1998 1998 1998 Rev. 3 July July August to to to to to 1998 1998 1998 Aug. May June July Aug. 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 95.9 95.3 -4.0 0.1 -0.6 -0.1 -0.6 0 FOOD AND LIVE ANIMALS....................... 7.359 92.3 90.0 -9.7 0.6 -0.4 1.5 -2.5 01 Meat and meat preparations................. 1.196 97.6 98.7 2.6 1.6 4.3 -0.1 1.1 03 Fish, crustaceans, aquatic invertebrates and preparations thereof................ 0.562 90.1 99.6 3.7 -0.5 -1.6 11.6 10.5 04 Cereals and cereal preparations............ 2.498 82.3 74.9 -19.6 -0.3 -3.8 -0.4 -9.0 05 Vegetables, fruit and nuts, fresh or dried.......................... 1.481 101.6 102.8 -0.5 3.8 2.1 3.3 1.2 08 Feeding stuff for animals (not including unmilled cereals)............. 0.694 96.6 90.9 -24.2 -4.2 1.6 1.7 -5.9 09 Miscellaneous edible products and preparations............................ 0.400 105.0 105.0 1.4 0.0 0.1 0.0 0.0 3/ Other food and live animals (9612=100)....... 0.527 96.8 95.8 -10.1 1.4 -1.7 0.2 -1.0 1 BEVERAGES AND TOBACCO....................... 1.523 99.7 99.8 -1.0 0.0 -0.1 -0.2 0.1 12 Tobacco and tobacco manufactures........... 1.254 99.5 99.5 -1.3 -0.1 -0.1 -0.2 0.0 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS..... 5.445 82.0 80.0 -13.7 -0.2 -1.2 0.0 -2.4 21 Hides, skins and furskins, raw............. 0.274 81.8 83.9 -14.6 -2.3 -1.3 -3.5 2.6 22 Oil seeds and oleaginous fruits............ 1.189 106.6 95.3 -20.9 1.2 -3.8 3.9 -10.6 24 Cork and wood.............................. 0.879 82.4 82.5 -10.7 -1.7 -0.7 0.5 0.1 25 Pulp and waste paper....................... 0.762 64.5 65.0 -9.0 -1.1 0.8 0.8 0.8 26 Textile fibers and their waste............. 0.799 78.5 77.3 -8.4 1.8 2.5 -1.0 -1.5 27 Crude fertilizers and crude minerals....... 0.340 97.1 96.9 -1.0 -0.1 0.0 0.1 -0.2 28 Metalliferous ores and metal scrap......... 0.773 73.0 72.6 -24.6 -0.6 -4.0 -4.7 -0.5 3/ Other crude materials, inedible, except fuels (9612=100).......................... 0.428 99.0 99.2 -0.4 -1.4 0.2 0.0 0.2 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS................................ 1.910 96.4 94.9 -14.7 -0.1 -1.4 -6.6 -1.6 32 Coal, coke and briquettes.................. 0.696 100.0 99.6 -2.0 0.0 0.0 -0.1 -0.4 33 Petroleum, petroleum products and related materials....................... 1.067 95.4 92.9 -23.4 0.0 -1.7 -10.7 -2.6 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES.................................... 0.503 104.4 103.4 10.8 5.1 1.2 -3.2 -1.0 5 CHEMICALS AND RELATED PRODUCTS, N.E.S....... 10.686 92.2 92.0 -3.7 -0.4 -0.5 -0.4 -0.2 51 Organic chemicals.......................... 2.363 76.3 76.0 -9.7 -0.6 -0.8 -1.0 -0.4 52 Inorganic chemicals........................ 0.890 103.4 103.5 5.7 0.0 -0.6 -0.1 0.1 53 Dyeing, tanning and coloring materials..... 0.498 100.6 99.3 -2.5 -1.8 0.4 -0.1 -1.3 54 Medicinal and pharmaceutical products...... 1.258 101.6 101.6 0.5 0.0 0.0 0.0 0.0 55 Essential oils; polishing and cleansing preps................................... 0.762 101.4 101.4 -1.2 0.2 0.0 0.0 0.0 56 Fertilizers (9612=100)..................... 0.574 95.4 94.9 0.3 1.7 1.3 -0.7 -0.5 57 Plastics in primary forms.................. 1.772 88.7 88.1 -6.3 -0.4 -1.9 -0.1 -0.7 58 Plastics in nonprimary forms............... 0.830 97.2 97.6 -1.4 -0.7 -1.2 -0.7 0.4 59 Chemical materials and products, n.e.s..... 1.740 100.4 100.6 -3.3 -1.4 0.2 -0.2 0.2 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL.............................. 9.855 97.5 97.1 -1.5 -0.1 -0.3 -0.4 -0.4 62 Rubber manufactures, n.e.s................. 0.681 102.2 102.7 0.5 -0.3 0.3 0.3 0.5 63 Cork and wood manufactures other than furniture............................... 0.293 90.1 91.6 0.9 -0.5 -1.1 0.6 1.7 64 Paper, paperboard, and articles of paper pulp, paper or paperboard......... 1.523 82.6 82.1 -3.8 -0.6 -0.5 -1.3 -0.6 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product... 1.439 103.0 101.9 -1.3 -1.0 0.6 -0.2 -1.1 66 Nonmetallic mineral manufactures, n.e.s................................... 1.353 106.6 106.8 2.1 -0.1 -0.1 -0.2 0.2 67 Iron and steel............................. 1.100 100.2 100.1 -2.8 -0.3 0.1 -0.3 -0.1 68 Nonferrous metals.......................... 1.246 87.6 85.5 -8.4 2.3 -5.9 -0.6 -2.4 69 Manufactures of metals, n.e.s.............. 2.067 106.9 106.8 1.9 -0.3 2.4 -0.1 -0.1 7 MACHINERY AND TRANSPORT EQUIPMENT........... 50.642 98.6 98.4 -2.2 0.1 -0.6 0.0 -0.2 71 Power generating machinery and equipment............................... 4.377 107.0 107.0 0.8 0.0 0.1 -0.1 0.0 72 Machinery specialized for particular industries.............................. 4.791 105.1 105.1 0.7 0.3 -0.1 0.1 0.0 73 Metalworking machinery..................... 1.010 108.3 108.4 3.9 -0.1 0.6 -0.1 0.1 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s... 5.159 106.3 106.6 1.2 0.3 -0.1 0.2 0.3 75 Computer equipment and office machines..... 6.110 76.0 75.3 -10.4 -0.1 -3.2 -0.7 -0.9 76 Telecommunications & sound recording & reproducing apparatus & equipment..... 3.819 98.1 98.1 -1.6 0.4 0.0 -0.6 0.0 77 Electrical machinery and equipment......... 11.559 92.0 91.6 -5.3 -0.1 -0.9 0.2 -0.4 78 Road vehicles.............................. 9.261 102.0 102.0 0.1 0.0 0.0 0.1 0.0 8 MISCELLANEOUS MANUFACTURED ARTICLES......... 11.347 100.8 100.7 -1.1 -0.2 -0.3 0.0 -0.1 82 Furniture and parts thereof................ 0.649 104.3 103.8 0.2 0.0 -0.5 0.3 -0.5 84 Articles of apparel and clothing accessories............................. 1.302 103.5 102.3 0.7 0.0 0.0 -0.3 -1.2 87 Professional, scientific and controlling instruments and apparatus, n.e.s........ 3.789 103.9 103.7 0.2 0.2 0.0 0.1 -0.2 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s....... 0.907 92.9 92.7 -6.4 -1.3 -0.4 -0.9 -0.2 89 Miscellaneous manufactured articles, n.e.s................................... 4.227 98.3 98.5 -2.1 -0.2 -0.7 0.2 0.2 3/ Other miscellaneous manufactured articles (9612=100)....................... 0.472 102.6 102.6 1.6 0.2 0.2 -0.2 0.0 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for May, June and July 1998 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision in each of the three months after original publication. 3 Product categories included in this group have been modified due to concordance or coverage limitations. NOTE: Published categories may include price data not shown separately Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, August 1997-August 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Aug. April May June July nized Description 1997 1998 1998 1998 1998 System July July August to to to to to 1998 1998 1998 Aug. May June July Aug. 1/ 2/ 1998 1998 1998 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS............... 1.649 101.3 99.2 -3.6 0.0 -1.0 -1.9 -2.1 02 Meat and edible meat offal................... 0.283 95.7 95.6 -4.4 0.1 -3.2 -0.5 -0.1 03 Fish and crustaceans, molluscs and........... other aquatic invertebrates............... 0.975 106.8 104.7 -0.3 0.6 1.2 -1.9 -2.0 3/ Other live animals and animal................ products (9612=100)....................... 0.391 95.4 92.0 -10.4 -1.4 -4.2 -3.0 -3.6 II VEGETABLE PRODUCTS.......................... 1.685 92.6 86.1 -8.9 -0.8 0.6 3.5 -7.0 07 Edible vegetables and certain roots and...... tubers.................................... 0.415 145.4 108.0 n.a. -1.8 6.0 31.2 -25.7 08 Edible fruit and nuts; peel of citrus........ fruit or melons........................... 0.480 101.0 98.9 1.0 -2.1 4.8 -1.1 -2.1 09 Coffee, tea, mate and spices................. 0.372 72.5 77.3 -15.4 -4.1 -5.9 -8.6 6.6 3/ Other vegetable products..................... 0.417 91.1 85.3 -11.7 5.1 -1.3 -0.4 -6.4 IV PREPARED FOODSTUFFS, BEVERAGES, AND......... TOBACCO................................... 2.170 100.6 100.4 -1.6 0.2 0.6 -1.2 -0.2 20 Preparations of vegetables, fruit,........... nuts, or other parts of plants............ 0.284 89.5 88.7 -2.6 0.2 1.8 -0.3 -0.9 22 Beverages, spirits, and vinegar.............. 0.789 104.0 104.4 0.8 0.2 0.3 -0.1 0.4 3/ Other prepared foodstuffs (9612=100)......... 1.097 99.0 98.4 -3.1 0.1 0.5 -2.1 -0.6 V MINERAL PRODUCTS............................ 7.613 77.1 77.3 -27.0 0.4 -3.6 -2.8 0.3 26 Ores, slag and ash........................... 0.310 101.9 101.7 -0.8 -0.4 -0.2 -0.2 -0.2 27 Mineral fuels, oils and residuals,........... bituminous substances and mineral wax..... 7.065 75.6 75.9 -28.3 0.4 -3.9 -3.0 0.4 VI PRODUCTS OF THE CHEMICAL OR ALLIED.......... INDUSTRIES................................ 5.364 95.8 95.3 -4.1 0.6 0.0 -0.9 -0.5 28 Inorganic chemicals.......................... 0.869 99.2 97.3 -5.9 1.8 0.0 -2.0 -1.9 29 Organic chemicals............................ 2.045 92.4 92.2 -4.9 0.3 0.2 -0.4 -0.2 30 Pharmaceutical products...................... 0.580 100.9 101.0 -1.8 0.5 -0.1 -0.7 0.1 32 Tanning & dyeing extracts; dye &............. pigments; varnish & paints; putty......... 0.296 92.9 92.9 -2.7 -0.1 0.4 -0.3 0.0 37 Photographic or cinematographic goods........ 0.367 96.0 96.0 -2.5 0.0 -0.1 -0.1 0.0 38 Miscellaneous chemical products.............. (9612=100)................................ 0.413 92.3 92.0 -6.5 0.8 0.1 -4.2 -0.3 3/ Other products of the chemical or............ allied industries (9612=100).............. 0.793 95.8 95.2 -1.8 0.1 -0.1 -0.5 -0.6 VII PLASTICS AND ARTICLES THEREOF; RUBBER....... AND ARTICLES THEREOF...................... 2.795 86.8 86.4 -6.3 -0.5 -0.2 -1.3 -0.5 39 Plastics and articles thereof................ 1.758 90.5 90.0 -5.4 -0.1 -0.7 -0.9 -0.6 40 Rubber and articles thereof.................. 1.037 81.4 81.1 -7.6 -1.2 0.5 -1.6 -0.4 VIII RAW HIDES, SKINS, LEATHER, FURSKINS,........ TRAVEL GOODS, ETC......................... 1.059 102.6 102.0 -1.7 0.9 0.6 -0.1 -0.6 42 Articles of leather; travel goods, bags,..... etc. of various materials................. 0.854 101.1 100.3 -1.5 0.6 0.7 -0.1 -0.8 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET.... AND WICKER................................ 1.639 100.4 101.9 -8.3 -2.3 -3.5 3.8 1.5 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER..... AND ARTICLES THEREOF...................... 2.458 83.7 83.0 -2.1 -0.4 0.7 -0.4 -0.8 47 Pulp wood or other fibrous cellulosic........ material; waste paper/paperboard.......... 0.381 65.2 63.2 -8.1 -1.1 4.9 -1.8 -3.1 48 Paper and paperboard; articles of paper...... pulp, paper or paperboard................. 1.710 88.7 88.2 -0.8 -0.3 -0.1 0.3 -0.6 49 Printed matter............................... 0.367 98.2 98.1 -2.1 0.0 0.3 -1.6 -0.1 XI TEXTILE AND TEXTILE ARTICLES................ 7.245 100.6 100.6 -0.8 -0.2 0.0 -0.3 0.0 61 Articles of apparel and clothing............. accessories, knitted or crocheted......... 2.156 101.3 101.3 0.4 0.0 -0.8 0.2 0.0 62 Articles of apparel and clothing............. accessories, not knitted or crocheted..... 3.521 103.6 103.6 0.0 0.0 0.5 -0.2 0.0 63 Made-up or worn textile articles and......... clothing; needlecraft sets; rags.......... 0.348 93.5 93.5 -3.7 -0.2 -0.4 -0.2 0.0 3/ Other textile & textile...................... articles (9612=100)....................... 1.221 96.0 95.9 -4.1 -0.7 0.0 -1.5 -0.1 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS,....... ARTIFICIAL FLOWERS, ETC................... 2.197 101.2 101.1 -0.3 0.0 0.2 0.2 -0.1 64 Footwear, gaiters and the like; parts........ of such articles.......................... 1.887 100.6 100.5 -0.4 0.1 0.2 0.0 -0.1 3/ Other footwear, headgear, umbrellas,......... whips, art. flowers, etc. (9612=100)...... 0.310 103.1 103.1 0.8 -0.4 0.0 1.6 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC.... GLASS ETC................................. 1.192 100.6 100.8 -1.6 0.0 0.1 -0.4 0.2 69 Ceramic products............................. 0.451 97.6 97.5 -1.3 0.2 -0.4 -0.1 -0.1 70 Glass and glassware.......................... 0.459 100.0 100.5 -2.6 -0.3 0.1 -0.6 0.5 XIV PEARLS, STONES, PRECIOUS METALS,............ IMITATION JEWELRY, AND COINS.............. 2.329 98.6 98.9 0.8 1.5 -1.5 -1.6 0.3 XV BASE METALS AND ARTICLES OF BASE METAL...... 5.803 88.5 88.2 -7.4 -0.1 -0.8 -2.0 -0.3 72 Iron and steel............................... 1.764 90.4 90.0 -5.7 -0.1 -1.4 -2.0 -0.4 73 Articles of iron or steel.................... 1.316 93.7 93.9 -3.1 -0.4 0.0 -1.1 0.2 74 Copper and articles thereof.................. 0.407 71.1 71.7 -15.2 1.3 -1.2 -0.7 0.8 76 Aluminum and articles thereof................ 0.929 83.8 82.9 -10.1 -0.2 -1.8 -3.1 -1.1 83 Miscellaneous articles of base metal......... 0.430 100.0 99.8 -2.3 -1.2 1.1 -0.3 -0.2 3/ Miscellaneous nonferrous metals and.......... articles, including scrap (9612=100)...... 0.491 92.4 90.0 -21.0 1.0 -1.7 -5.4 -2.6 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV......... IMAGE & SOUND RECORDERS, PARTS, ETC....... 30.248 84.6 84.2 -7.4 -0.3 -0.8 -0.7 -0.5 84 Specialized machinery & computer............. equipment................................. 15.777 85.0 84.7 -7.7 -0.6 -0.3 -0.6 -0.4 85 Electrical machinery and equip, sound........ and TV recorders & reproducers, parts..... 14.471 84.0 83.7 -7.0 -0.2 -1.3 -0.9 -0.4 XVII VEHICLES, AIRCRAFT, VESSELS AND............. ASSOCIATED TRANSPORT EQUIPMENT............ 16.762 101.0 100.9 -0.3 -0.3 0.0 -0.2 -0.1 87 Motor vehicles and their parts............... 15.828 100.7 100.5 -0.5 -0.3 0.0 -0.2 -0.2 XVII OPTICAL, PHOTO, MEASURING, MEDICAL &........ MUSICAL INSTRUMENTS; & TIMEPIECES......... 3.678 92.0 91.8 -2.4 -0.1 -0.1 -0.1 -0.2 90 Optical, photographic, measuring and......... medical instruments....................... 3.132 91.6 91.4 -2.7 0.1 -0.3 -0.3 -0.2 91 Clocks and watches and parts thereof......... 0.399 94.4 94.2 -0.5 -0.2 0.5 1.2 -0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES......... 3.852 97.7 97.5 -2.4 0.0 -0.9 -0.2 -0.2 94 Furniture; stuffed furnishings; lamps........ and lighting fittings nes;................ 1.657 98.0 97.8 -2.4 0.0 -1.9 -0.1 -0.2 95 Toys, games and sports equipment; parts...... and accessories thereof................... 1.895 98.2 98.0 -2.7 -0.1 -0.2 -0.2 -0.2 96 Miscellaneous manufactured articles.......... 0.300 93.3 93.3 -0.2 0.2 0.1 -0.2 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for May, June and July 1998 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, August 1997-August 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Aug. April May June July nized Description 1997 1998 1998 1998 1998 System July July August to to to to to 1998 1998 1998 Aug. May June July Aug. 1/ 2/ 1998 1998 1998 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS............... 1.938 94.4 97.8 0.4 1.3 1.9 1.8 3.6 02 Meat & edible meat offal..................... 1.093 93.7 95.8 1.9 1.2 4.7 -0.8 2.2 03 Fish and crustaceans, molluscs and........... other aquatic invertebrates............... 0.496 87.3 95.2 2.0 1.3 -1.2 9.3 9.0 3/ Other live animals and animal................ products (9612=100)....................... 0.348 93.0 93.4 -5.9 1.8 -1.8 0.2 0.4 II VEGETABLE PRODUCTS.......................... 5.015 91.2 84.8 -15.8 0.5 -2.5 1.1 -7.0 07 Edible vegetables and certain roots and...... tubers.................................... 0.340 104.9 105.7 5.7 10.3 0.7 -0.3 0.8 08 Edible fruit and nuts; peel of citrus........ fruit or melons........................... 0.755 100.3 101.4 -2.0 -0.2 3.1 4.7 1.1 10 Cereals...................................... 2.272 80.4 72.4 -21.4 -0.2 -4.3 -0.5 -10.0 12 Oilseeds and misc. grains, seeds,............ fruits, plants, straw and fodder.......... 1.393 108.5 97.9 -17.8 0.2 -2.8 2.6 -9.8 III ANIMAL OR VEGETABLE FATS AND OILS........... 0.546 105.3 104.3 11.7 4.4 0.5 -2.9 -0.9 IV PREPARED FOODSTUFFS, BEVERAGES, AND......... TOBACCO................................... 3.449 98.1 97.3 -6.1 -1.0 0.1 0.4 -0.8 20 Preparations of vegetables, fruit,........... nuts, or other parts of plants............ 0.351 95.7 96.2 -2.0 -0.6 -1.0 2.1 0.5 21 Miscellaneous edible preparations............ 0.373 105.9 105.6 -0.3 0.0 0.0 0.0 -0.3 22 Beverages, spirits, and vinegar.............. 0.335 98.5 99.1 -0.3 -0.5 0.8 0.0 0.6 23 Residues and waste from the food............. industries; prepared animal feed.......... 0.616 92.4 87.5 -24.8 -3.6 0.6 2.1 -5.3 24 Tobacco and manufactured tobacco............. substitutes............................... 1.264 99.5 99.5 -1.3 -0.1 -0.1 -0.3 0.0 3/ Other prepared foods......................... 0.510 100.1 100.1 -1.0 -1.5 0.1 -0.3 0.0 V MINERAL PRODUCTS............................ 2.485 95.2 93.7 -16.1 -0.4 -1.1 -5.6 -1.6 27 Mineral fuels, oils and residuals,........... bituminous substances and mineral wax..... 1.958 97.2 95.3 -15.6 -0.2 -1.3 -6.5 -2.0 VI PRODUCTS OF THE CHEMICAL OR ALLIED.......... INDUSTRIES................................ 8.687 92.8 92.7 -4.1 -0.3 -0.2 -0.5 -0.1 28 Inorganic chemicals.......................... 0.957 102.3 102.3 1.7 0.2 -0.7 -0.2 0.0 29 Organic chemicals............................ 2.661 79.4 79.3 -9.9 -0.4 -0.9 -1.1 -0.1 30 Pharmaceutical products...................... 0.935 104.0 104.0 3.6 0.0 0.0 0.1 0.0 31 Fertilizers (9612=100)....................... 0.639 95.4 94.9 0.3 1.7 1.3 -0.7 -0.5 32 Tanning or dyeing extracts; dyes and......... pigments; paints & varnish; putty;ink..... 0.510 100.7 99.4 -2.0 -1.3 0.4 -0.1 -1.3 33 Essential oils and resinoids;................ perfumery, cosmetic or toilet............. 0.543 103.2 103.2 -0.2 0.4 -0.1 0.0 0.0 34 Soap; lubricants; waxes, polishing or........ scouring products; candles, pastes........ 0.320 102.6 102.7 1.2 -0.2 0.0 0.3 0.1 37 Photographic or cinematographic goods........ 0.386 83.6 83.3 -14.0 -0.5 -1.0 -2.0 -0.4 38 Miscellaneous chemical products.............. 1.508 99.1 99.3 -4.2 -1.4 0.0 -0.1 0.2 VII PLASTICS AND ARTICLES THEREOF; RUBBER....... AND ARTICLES THEREOF...................... 4.291 93.6 93.5 -3.6 -0.4 -1.2 0.1 -0.1 39 Plastics and articles thereof................ 3.384 92.5 92.3 -4.4 -0.4 -1.5 0.0 -0.2 40 Rubber and articles thereof.................. 0.907 97.6 98.1 -0.7 -0.3 0.4 0.0 0.5 VIII RAW HIDES, SKINS, LEATHER, FURSKINS,........ TRAVEL GOODS, ETC......................... 0.506 84.6 85.7 -9.4 -1.4 -0.8 -2.4 1.3 41 Raw hides and skins (other than.............. furskins) and leather..................... 0.352 79.1 80.7 -12.7 -1.9 -2.2 -3.4 2.0 IX WOOD, WOOD CHARCOAL, CORK, STRAW,........... BASKET AND WICKER......................... 1.197 84.6 85.0 -8.2 -1.4 -0.8 0.5 0.5 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER..... AND ARTICLES THEREOF...................... 3.025 77.8 77.6 -2.8 -0.1 -0.3 -0.3 -0.3 47 Pulp wood or other fibrous cellulosic........ material; waste paper/paperboard.......... 0.710 62.3 62.5 -6.3 -0.8 1.0 1.6 0.3 48 Paper and paperboard; articles of paper...... pulp, paper or paperboard................. 1.488 82.9 82.4 -3.5 -0.7 -0.6 -1.5 -0.6 49 Printed material............................. 0.826 108.5 108.8 2.2 1.9 -0.7 0.3 0.3 XI TEXTILE AND TEXTILE ARTICLES................ 3.276 92.2 91.2 -2.9 0.1 0.7 -0.5 -1.1 52 Cotton, including yarns and woven............ fabrics thereof........................... 0.714 81.1 79.7 -5.5 2.5 5.8 -1.2 -1.7 XIII STONE, PLASTER, CEMENT, ASBESTOS,........... CERAMIC, GLASS ETC........................ 0.871 103.5 103.4 0.6 0.1 0.0 -0.2 -0.1 70 Glass and glassware.......................... 0.501 101.9 101.9 0.6 0.0 0.0 0.0 0.0 XIV PEARLS, STONES, PRECIOUS METALS,............ IMITATION JEWELRY, AND COINS.............. 1.880 94.7 94.2 -3.2 5.7 -7.1 -0.8 -0.5 XV BASE METALS AND ARTICLES OF BASE METALS..... 4.517 91.8 91.1 -6.1 -0.4 -0.4 -1.1 -0.8 72 Iron and steel............................... 0.888 83.5 82.8 -12.8 -1.1 -1.6 -2.1 -0.8 73 Articles of iron or steel.................... 1.323 111.0 110.8 3.4 -0.4 2.5 0.1 -0.2 74 Copper and articles thereof.................. 0.366 68.4 67.3 -20.3 1.4 -3.3 -1.3 -1.6 76 Aluminum and articles thereof................ 0.826 81.3 79.4 -11.0 -0.7 -3.6 -2.5 -2.3 82 Tools, implements, cutlery, spoons and....... forks, of base metal; parts thereof....... 0.424 103.9 102.7 -0.6 0.0 -0.2 0.0 -1.2 83 Miscellaneous articles of base metal......... 0.382 100.3 100.8 -0.5 -0.1 -0.1 0.0 0.5 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV......... IMAGE AND SOUND RECORDERS, PARTS, ETC..... 36.718 94.0 93.8 -3.8 0.0 -0.9 -0.1 -0.2 84 Specialized machinery & computer............. equipment................................. 20.442 95.0 94.7 -3.1 0.1 -1.0 -0.1 -0.3 85 Electrical machinery and equip, sound........ & tv recorders & reproducers, parts....... 16.276 92.8 92.6 -4.7 -0.1 -0.6 -0.1 -0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND............. ASSOCIATED TRANSPORT EQUIPMENT............ 14.058 105.2 105.1 0.4 0.0 0.0 0.1 -0.1 87 Motor vehicles and their parts............... 9.716 102.1 102.1 0.1 0.0 0.0 0.1 0.0 XVII OPTICAL, PHOTO, MEASURING, MEDICAL &........ MUSICAL INSTRUMENTS; & TIMEPIECES......... 5.499 102.1 102.0 -0.1 -0.3 -0.2 0.1 -0.1 XX MISCELLANEOUS MANUFACTURED ARTICLES......... 1.820 102.5 102.3 -0.1 -0.1 -0.1 0.0 -0.2 94 Furniture; stuffed furnishings;.............. lamps and lighting fittings nesoi;........ 0.897 104.5 104.1 0.2 0.0 -0.4 0.2 -0.4 95 Toys, games and sports equipment; parts...... and accessories thereof................... 0.748 100.9 100.9 -0.1 0.0 0.2 0.0 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for May, June and July 1998 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, August 1997-August 1998 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports Aug. April May June July Description 1/ 1997 1998 1998 1998 1998 1995 July Aug. to to to to to 1998 1998 Aug. May June July Aug. 2/ 1998 1998 1998 1998 1998 3/ Developed Countries.......................... 55.6 94.6 94.4 -3.3 0.2 -0.7 -0.3 -0.2 Manufactured Goods......................... 52.2 95.3 95.1 -2.4 0.1 -0.4 -0.4 -0.2 Nonmanufactured Goods...................... 3.1 86.9 86.2 -17.7 0.8 -3.7 0.3 -0.8 3/ Developing Countries......................... 42.7 92.1 91.6 -9.8 -0.4 -1.0 -1.0 -0.5 Manufactured Goods......................... 35.4 93.8 93.5 -5.7 -0.2 -0.5 -0.7 -0.3 Nonmanufactured Goods...................... 7.1 79.1 77.6 -28.0 -1.3 -3.1 -2.2 -1.9 Canada....................................... 18.9 96.0 96.1 -3.2 0.5 -1.0 0.0 0.1 Manufactured Goods......................... 16.5 97.4 97.4 -1.4 0.4 -0.7 0.1 0.0 Nonmanufactured Goods...................... 2.2 90.1 90.2 -15.3 1.7 -3.6 0.2 0.1 4/ European Union............................... 17.0 99.7 99.5 -1.3 0.5 0.0 -0.2 -0.2 Manufactured Goods......................... 16.4 100.4 100.3 -0.2 0.5 0.3 -0.2 -0.1 Nonmanufactured Goods...................... 0.5 80.5 79.8 -27.3 -1.5 -7.0 -1.0 -0.9 5/ Latin America (9712=100).................... 14.1 94.4 92.9 n.a. 0.5 -0.7 0.1 -1.6 Manufactured Goods (9712=100)............. 10.4 97.3 97.1 n.a. 0.8 0.2 -0.5 -0.2 Nonmanufactured Goods (9712=100)........... 3.5 86.3 81.1 n.a. -0.6 -3.8 2.6 -6.0 Japan........................................ 16.6 87.9 87.6 -5.5 -0.3 -0.7 -0.7 -0.3 6/ Asian Newly Industrialized Countries......... 10.9 85.9 85.8 -9.4 -1.0 -1.4 -1.2 -0.1 1 Regions are not mutually exclusive. 2 Data for May, June and July 1998 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 Mexico, Central America, South America, and the Caribbean. 6 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. June 1997-June 1998 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade June June Sept. Dec. March Description (Mil. 1997 1997 1997 1997 1998 of March June to to to to to Dollars) 1998 1998 June Sept. Dec. March June 1998 1997 1997 1998 1998 IMPORT Air Freight 3188 80.5 81.5 -9.8 -2.0 -2.3 -7.0 1.2 Atlantic 1278 85.8 87.8 -2.8 -4.3 4.4 -4.9 2.3 Pacific 1674 76.3 76.7 -16.4 -0.3 -7.4 -9.9 0.5 Air Passenger Fares 11127 103.3 112.6 -0.5 -1.5 -6.5 -1.0 9.0 1/ Atlantic 4922 98.9 117.3 -3.2 0.7 -17.8 -1.5 18.6 1/ Pacific 2340 98.3 105.9 -4.9 -9.8 5.7 -7.4 7.7 1/ Latin American / Caribbean 3021 106.9 106.3 0.2 -0.2 -0.7 1.6 -0.6 1/ Crude Oil Tanker Freight 1346 95.5 n.a. n.a. -9.7 3.9 -0.1 n.a. Ocean Liner Freight 9868 93.4 100.9 3.9 -1.9 -1.9 -0.1 8.0 U.S. East Coast 4271 96.5 99.2 -1.4 -2.3 -1.6 -0.2 2.8 from Atlantic 1952 97.2 96.8 -3.1 -1.6 -1.6 0.5 -0.4 from Pacific 1774 94.8 101.2 0.4 -3.8 -2.3 0.0 6.8 1/ U.S. West Coast 5596 90.5 101.5 8.1 -1.6 -1.9 -0.1 12.2 EXPORT Air Freight (9612 = 100) 2562 94.9 94.5 -3.4 -1.2 -3.4 1.7 -0.4 Air Passenger Fares 17272 94.3 94.9 -7.9 -2.9 -7.9 2.4 0.6 1/ Atlantic 4120 101.7 110.8 1.0 -0.2 -7.4 0.3 8.9 1/ Pacific 10700 79.6 77.7 -14.7 -5.2 -9.6 1.9 -2.4 Latin American / Caribbean 1392 107.3 107.5 0.6 0.6 -0.9 0.8 0.2 Canadian 1006 166.1 160.2 2.0 0.3 -6.7 13.0 -3.6 1 Detailed data available upon request. n.a. Not available. Table 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. June 1997-June 1998 1995 = 100 Index Percent Change Annual Quarterly Trade June June Sept. Dec. March Description (Mil. 1997 1997 1997 1997 1998 of March June to to to to to Dollars) 1998 1998 June Sept. Dec. March June 1998 1997 1997 1998 1998 Air Freight (Inbound) 5495 82.9 83.4 -7.2 -1.6 -2.3 -4.2 0.6 Atlantic 1880 85.4 88.4 -0.6 -3.7 4.7 -4.7 3.5 Pacific 3151 81.3 80.3 -11.9 -0.1 -6.7 -4.2 -1.2 Air Freight (Outbound) 5835 97.2 96.0 -3.2 0.4 -1.9 -0.5 -1.2 Atlantic 2080 101.0 102.2 2.8 1.7 0.0 -0.1 1.2 Pacific 3222 95.5 92.4 -7.6 -0.3 -3.4 -0.8 -3.2 Air Passenger Fares (U.S. Carrier) 30673 99.3 107.7 -3.9 -2.6 -8.9 -0.2 8.5 1/ Atlantic 8811 94.2 116.8 -1.3 0.6 -17.8 -3.7 24.0 1/ Pacific 15900 89.9 93.6 -8.3 -6.1 -5.9 -0.3 4.1 1/ Latin American / Caribbean 4542 110.8 111.0 1.3 0.8 -1.2 1.5 0.2 Canadian 1367 173.6 167.9 4.2 0.6 -5.0 12.7 -3.3 Air Passenger Fares (Foreign Carrier) 31694 97.6 102.0 -3.9 -1.4 -4.7 -2.1 4.5 1/ Atlantic 13572 98.8 110.8 0.5 1.3 -9.9 -1.7 12.1 1/ Pacific 12570 84.7 82.8 -14.1 -5.6 -2.0 -5.0 -2.2 1/ Latin American / Caribbean 4224 105.3 105.1 0.3 -0.4 0.4 0.5 -0.2 1/ Crude Oil Tanker Freight (Inbound) 1949 103.5 n.a. n.a. -9.6 5.5 0.3 n.a. Ocean Liner Freight (Inbound) 12253 93.0 98.3 1.5 -2.0 -2.1 0.1 5.7 U.S. East Coast 5410 95.4 97.5 -2.1 -2.6 -1.3 -0.3 2.2 from Atlantic 2647 95.2 94.9 -3.9 -2.7 -1.3 0.4 -0.3 from Pacific 1874 93.1 98.8 -0.1 -3.7 -2.2 0.0 6.1 1/ U.S. West Coast 6844 90.6 98.4 4.6 -1.4 -2.8 0.4 8.6 1 Detailed data available upon request. n.a. Not available. TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are weighted with 1995 trade weights. The merchandise price indexes are published using three classifications: the Harmonized System (HS), the Bureau of Economic Analysis End Use System, and the Standard International Trade Classification (SITC) system, Rev. 3. Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represents transactions between U.S. and foreign residents) and International (which represents all transactions with U.S. importers or exporters, regardless of nationality). Published series use a base year of 1995=100 where possible. Net transaction price data are collected every month for over 20,000 products from over 6,000 companies and secondary sources. Indexes are not seasonally adjusted. More detailed index series and additional information may be obtained from the Division of International Prices, Bureau of Labor Statistics, 2 Massachusetts Avenue N.E., PSB 3955, Washington, DC 20212 or (202) 606-7155. Import Price Indexes -- Products have been classified by the 1995 Harmonized Tariff Schedule of the United States Annotated (TSUSA). Import prices are based on U.S. dollar prices paid by the U.S. importer. The prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) U.S. port transaction prices, depending on the practices of the individual industry. The index for crude petroleum is calculated from data collected by the U.S. Department of Energy. Export Price Indexes -- Products have been classified by the 1995 Harmonized Schedule B classification system of the U.S. Bureau of the Census. The prices used are generally either "free alongside ship" (f.a.s.) factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture. Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for the Import Price Indexes. Prior to January 1993, nonmanufactured goods were defined as SITC 0-4 and manufactured goods were defined as SITC 5-8. Beginning with January 1993, the indexes are defined by locality of origin using a nomenclature based upon the Standard Industrial Classification (SIC-based). Nonmanufactured goods are defined as SIC 0-1, and manufactured goods are defined as SIC 2-3. The indexes use 1995 weights and a base of 1995=100. Import, Export, and International Services Indexes -- Indexes are calculated on a quarterly basis. The figures for services indexes will not sum up to the aggregate dollar value because not all categories are shown in the tables. Revenue figures for air passenger indexes exclude frequent flyer tickets and those sold by consolidators. Indexes for crude oil tanker freight are calculated from data collected by the U. S. Department of Energy and the publication of these indexes is lagged one quarter. Revision policy -- Data are revised for the previous three months to reflect the availability of late reports and corrections by respondents. Uses of the Data -- The primary use of the indexes is to deflate trade statistics. For merchandise trade, the End Use classification system is the structure used by the U.S. Department of Commerce in the construction of the foreign trade sector of the National Income and Product Accounts. Indexes published using the Harmonized System and the Standard International Trade Classification, Rev. 3, both international structures, are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Accounts data, while International indexes are more appropriate for market analysis. Merchandise and services indexes also can be used to study U.S. competitiveness and price elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade analysis. The import and export news release contains monthly price indexes at the two-digit level of detail. 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