Technical Information: Jim Thomas (202) 606-7155 USDL-98-493 Bill Alterman (202) 606-7108 Transmission of This Media contact: Material is Embargoed Kathryn Hoyle (202) 606-5902 Until: 10:00 A.M. E.S.T. Internet Address:http://stats.bls.gov/ipphome.htm Wednesday, December 16, 1998 U.S. IMPORT AND EXPORT PRICE INDEXES -NOVEMBER 1998- The U.S. Import Price Index decreased 0.3 percent in November, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decline, attributable to a sharp drop in petroleum prices, followed increases of 0.2 percent in each of the previous two months. Prices for nonpetroleum imports increased slightly in November for the second consecutive month. Export prices edged up 0.1 percent in November, after decreasing for five consecutive months. 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 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 0.5 -0.2 0.1 1.0 -0.1 June -0.6 -4.4 -0.4 -0.5 0.0 -0.5 July -0.9 -5.4 -0.4 -0.3 0.3 -0.4 August -0.4 -0.6 r -0.4 -0.5 -4.1 -0.1 September 0.2 r 6.4 r -0.2 -0.5 -2.9 r -0.3 r October 0.2 3.0 r 0.1 r -0.1 0.1 r 0.0 r November -0.3 -7.7 0.1 0.1 2.0 -0.1 November 1996-97 -3.9 -18.5 -2.3 -0.7 -3.0 -0.5 November 1997-98 -6.3 -34.4 -3.5 -3.9 -10.4 -3.0 r = revised to reflect late imports and corrections by respondents. Import Goods The 0.3 percent decrease in import prices was attributable to a 7.7 percent drop in petroleum prices that more than offset an increase in nonpetroleum import prices. The decline for the petroleum index was the largest drop since March and followed gains of 3.0 percent and 6.4 percent for October and September, respectively. Over the past 12 months, petroleum prices declined 34.4 percent, after falling 18.5 percent over the November 1996-97 period. In contrast, the index for nonpetroleum import prices rose 0.1 percent for the second consecutive month, the first time since 1995 that this component advanced two months in a row. Despite the recent modest gains, the index for nonpetroleum imports fell 3.5 percent for the year ended in November. Prices for each of the major finished goods areas, as well as nonpetroleum industrial supplies materials, rose in November, but were down over the past 12 months. The gains posted this month paralleled the recent weakening of the U.S. dollar. The indexes for consumer goods and automotive vehicles, parts, and engines rose for the second consecutive month, up 0.2 percent and 0.3 percent, respectively, in November. Both indexes, however, were down slightly for the year. Prices for capital goods edged up 0.1 percent, marking only the second monthly increase in two years; for the year ended in November, the index fell 5.5 percent. Prices for nonpetroleum industrial supplies and materials also rose 0.1 percent in November, after recording declines in the previous five months. Over the past 12 months, the index decreased 7.6 percent. In contrast, due in part to a turnaround in vegetable prices, the index for food, feeds, and beverages declined 1.2 percent in November, after recording gains in the previous two months. Over the past 12 months, the index for food, feeds, and beverages dropped 2.8 percent. Export Goods Prices for overall U.S. exports, up 0.1 percent, rose for the first time since May, as an increase in the index for agricultural prices offset a dip in nonagricultural prices. For the year ended in November, the index for export prices fell 3.9 percent. Led by rising prices for grains and oilseeds, agricultural export prices rose 2.0 percent in November, the largest increase recorded for this index since February 1997. Over the past 12 months, agricultural prices fell 10.4 percent. In contrast, after recording no change in October, the index for nonagricultural export prices resumed a downward trend, falling 0.1 percent in November. During each of the last 17 months, prices for nonagricultural exports have either decreased or posted no change, on average. Prices for nonagricultural exports were down 3.0 percent for the year ended in November. Prices for capital goods dipped 0.1 percent in November, after recording no change in October. The index for exported capital goods has either decreased or been unchanged for 15 consecutive months and was down 2.3 percent for the year. Prices for nonagricultural industrial supplies and materials also fell 0.1 percent in November, the 16th consecutive monthly decrease. Over the November 1997-98 period, the index was down 7.3 percent. In contrast, prices for both automotive vehicles and consumer goods, excluding autos, edged up 0.1 percent in November. Over the past 12 months, prices for automotive vehicles, parts, and engines rose 0.6 percent and consumer goods, excluding autos, were down 0.5 percent. Imports by Locality of Origin The price index for imports from Japan rose 1.5 percent in November, the largest increase in the index since May 1995. The increase, the first since March of this year, was attributable in part to the recent weakening of the U.S. dollar against the Japanese yen. For the year ended in November, the index for imports from Japan fell 3.5 percent. Prices of imports from the European Union also rose in November, up 0.3 percent after gaining 1.0 percent in October. An increase in most European currencies versus the U.S. dollar contributed to the advances. For the November 1997-98 period, the index registered no change. In contrast, the index for imports from the Asian Newly Industrialized Countries continued to decline in November. However, the 0.1 percent decline was smaller than the average monthly decline of 0.8 percent over the previous 14 months. For the year ended in November, the index was down 8.5 percent, compared with a 4.7 percent drop during the prior 12-month period. Import prices from Canada also were down 0.1 percent in November, after gaining 0.4 percent in October. Over the last 12 months, the index fell 3.6 percent. The index for imports from Latin America also posted a turnaround in November, declining 0.9 percent after gaining 0.8 percent and 1.1 percent in October and September, respectively. The November decrease primarily reflected the downturn in prices for petroleum and petroleum products. 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 ------------------------------------------------------------------- Import and Export Price Index data for December are scheduled for release on January 15, 1999 at 10:00 a.m. (EST). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, November 1997-November 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. END Description 1997 1998 1998 1998 1998 USE October October November to to to to to 1998 1998 1998 Nov. Aug. Sept. Oct. Nov. 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 91.8 91.5 -6.3 -0.4 0.2 0.2 -0.3 ALL IMPORTS EXCLUDING PETROLEUM.............. 93.497 92.8 92.9 -3.5 -0.4 -0.2 0.1 0.1 0 FOODS, FEEDS, & BEVERAGES................... 4.916 96.4 95.2 -2.8 -2.4 1.5 1.0 -1.2 00 Agricultural foods, feeds & beverages, excluding distilled beverages.......... 3.455 93.0 91.9 -3.5 -3.0 2.1 1.4 -1.2 01 Nonagricultural foods (fish, distilled beverages)............................. 1.461 105.2 103.8 -1.3 -0.9 -0.1 0.4 -1.3 1 INDUSTRIAL SUPPLIES & MATERIALS............. 24.885 87.1 85.4 -16.1 -0.7 1.3 0.2 -2.0 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM................. 18.382 90.9 91.0 -7.6 -0.8 -0.4 -0.7 0.1 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE............................. 9.688 91.7 91.4 -7.0 0.0 -0.8 -1.0 -0.3 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM...... 8.694 90.0 90.6 -8.1 -1.5 -0.3 -0.1 0.7 10 Fuels & lubricants......................... 7.649 80.0 75.1 -32.6 -1.2 5.4 2.3 -6.1 100 Petroleum & petroleum products............ 6.504 76.5 70.6 -34.4 -0.6 6.4 3.0 -7.7 1000 Crude................................... 5.087 75.4 68.1 -36.6 -0.4 9.1 3.4 -9.7 11 Paper & paper base stocks.................. 1.851 79.9 79.0 -6.4 -1.2 -0.2 -0.1 -1.1 12 Materials associated with nondurable supplies & materials................... 5.912 88.6 89.2 -5.4 -1.1 -0.3 0.1 0.7 13 Selected building materials................ 2.100 101.0 101.8 -6.0 1.4 0.2 -3.3 0.8 14 Unfinished metals associated with durable goods.......................... 4.429 88.6 87.5 -9.2 -0.6 -1.3 -0.3 -1.2 15 Finished metals associated with durable goods.................................. 1.481 92.9 92.8 -3.5 0.1 0.3 -0.3 -0.1 16 Nonmetals associated with durable goods.... 1.463 88.5 88.8 -5.7 -0.6 -0.8 -0.6 0.3 2 CAPITAL GOODS............................... 28.181 84.4 84.5 -5.5 -0.1 -0.5 -0.1 0.1 20 Electric & electrical generating equipment.............................. 3.411 92.9 93.5 -3.2 0.0 -1.6 0.3 0.6 21 Nonelectrical machinery.................... 22.956 81.5 81.5 -6.3 -0.1 -0.4 -0.1 0.0 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES........ 18.843 100.8 101.1 -0.3 -0.2 -0.1 0.2 0.3 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES............................ 23.175 98.1 98.3 -0.8 -0.2 -0.1 0.3 0.2 40 Nondurables, manufactured.................. 11.605 101.2 101.3 0.5 0.0 0.0 0.4 0.1 41 Durables, manufactured..................... 10.440 95.0 95.3 -1.9 -0.2 -0.2 0.3 0.3 42 Nonmanufactured consumer goods............. 1.129 97.7 96.7 -3.4 -1.6 0.5 0.1 -1.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for August, September and October 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, November 1997-November 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. END Description 1997 1998 1998 1998 1998 USE October October November to to to to to 1998 1998 1998 Nov. Aug. Sept. Oct. Nov. 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 94.7 94.8 -3.9 -0.5 -0.5 -0.1 0.1 AGRICULTURAL COMMODITIES..................... 9.561 87.1 88.8 -10.4 -4.1 -2.9 0.1 2.0 NONAGRICULTURAL COMMODITIES.................. 90.438 95.6 95.5 -3.0 -0.1 -0.3 0.0 -0.1 0 FOODS, FEEDS, & BEVERAGES................... 8.665 88.6 90.8 -9.4 -3.7 -3.1 0.6 2.5 00 Agricultural foods, feeds & beverages, excluding distilled beverages.......... 7.872 88.0 90.5 -10.1 -4.5 -3.2 0.5 2.8 01 Nonagricultural foods (fish, distilled beverages)............................. 0.793 96.1 95.4 -0.3 6.0 -2.2 1.3 -0.7 1 INDUSTRIAL SUPPLIES & MATERIALS............. 24.372 87.5 87.4 -7.5 -0.4 -1.0 -0.6 -0.1 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE............................. 9.542 88.9 88.9 -5.7 -0.2 -1.0 -0.3 0.0 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE.......................... 14.829 86.7 86.4 -8.8 -0.6 -1.0 -0.7 -0.3 10 Agricultural industrial supplies & materials.............................. 1.689 84.6 82.9 -11.8 -1.5 -1.8 -1.6 -2.0 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS.............................. 22.682 87.8 87.7 -7.3 -0.2 -1.0 -0.5 -0.1 11 Fuels & lubricants......................... 2.164 94.0 93.5 -15.5 -1.8 -1.2 1.2 -0.5 12 Nonagricultural supplies & materials excluding fuels & building materials... 19.019 86.2 86.3 -6.5 -0.2 -1.0 -0.7 0.1 13 Selected building materials................ 1.499 86.7 86.3 -3.4 0.9 -0.2 -0.1 -0.5 2 CAPITAL GOODS............................... 44.582 97.1 97.0 -2.3 -0.2 -0.1 0.0 -0.1 20 Electric & electrical generating Equipment.............................. 4.522 100.0 99.7 -2.4 -0.3 -0.1 -0.1 -0.3 21 Nonelectrical machinery.................... 34.408 93.8 93.7 -2.8 -0.2 -0.1 0.0 -0.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES........ 10.119 102.8 102.9 0.6 0.0 0.0 0.4 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES............................ 12.262 102.0 102.1 -0.5 0.0 0.1 0.0 0.1 40 Nondurables, manufactured.................. 6.484 102.0 102.1 0.1 -0.2 0.2 0.0 0.1 41 Durables, manufactured..................... 5.194 100.9 100.9 -1.2 0.4 0.0 0.0 0.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for August, September and October 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, November 1997-November 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. SITC Description 1997 1998 1998 1998 1998 Rev. 3 October October November to to to to to 1998 1998 1998 Nov. Aug. Sept. Oct. Nov. 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 91.8 91.5 -6.3 -0.4 0.2 0.2 -0.3 0 FOOD AND LIVE ANIMALS....................... 4.186 97.0 96.0 -3.4 -3.6 1.7 1.6 -1.0 01 Meat and meat preparations................. 0.348 95.5 94.8 -7.7 0.1 -0.6 -1.7 -0.7 03 Fish, crustaceans, aquatic invertebrates and preparations thereof................ 1.091 104.2 102.4 -4.6 -2.1 -0.2 0.5 -1.7 05 Vegetables, fruit and nuts, fresh or dried.......................... 1.274 114.1 110.0 6.0 -12.2 8.8 6.9 -3.6 07 Coffee, tea, cocoa, spices and manufactures thereof.................... 0.549 73.9 75.0 -13.0 7.9 -2.5 -4.5 1.5 3/ Other food and live animals (9612=100)....... 0.923 92.4 94.1 -5.0 -2.1 -1.1 1.2 1.8 1 BEVERAGES AND TOBACCO....................... 0.913 109.9 109.7 1.2 -0.1 0.0 0.2 -0.2 11 Beverages.................................. 0.769 106.6 106.4 1.2 -0.2 0.1 0.2 -0.2 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS..... 2.751 83.8 83.0 -11.7 -1.8 0.0 -2.2 -1.0 23 Crude rubber (including synthetic and reclaimed).............................. 0.194 54.8 54.6 -23.3 -2.0 0.0 1.9 -0.4 24 Cork and wood.............................. 0.993 102.5 103.1 -9.6 1.0 0.7 -4.5 0.6 25 Pulp and waste paper....................... 0.343 58.1 56.8 -17.9 -3.3 -2.7 -4.4 -2.2 28 Metalliferous ores and metal scrap......... 0.606 93.2 93.2 -9.1 -1.9 -1.4 0.3 0.0 29 Crude animal and vegetable materials, n.e.s. (9612=100)....................... 0.285 103.8 96.9 -7.5 -11.0 4.3 -1.3 -6.6 3/ Other crude materials, inedible, except fuels (9612=100).......................... 0.331 86.7 85.5 -11.1 -0.7 -0.1 -0.3 -1.4 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS................................ 7.328 79.3 74.3 -33.5 -1.2 5.6 2.3 -6.3 33 Petroleum, petroleum products and related materials....................... 6.173 76.2 70.1 -35.0 -0.3 6.8 3.0 -8.0 34 Gas, natural and manufactured.............. 1.025 104.4 108.1 -27.8 -5.2 -0.4 -1.9 3.5 5 CHEMICALS AND RELATED PRODUCTS, N.E.S....... 5.658 91.9 92.5 -2.8 -0.9 -0.2 0.0 0.7 51 Organic chemicals.......................... 1.593 90.6 91.7 -3.8 -0.7 -0.1 -0.9 1.2 52 Inorganic chemicals........................ 0.686 94.6 95.0 -4.0 -1.6 -0.7 0.7 0.4 53 Dyeing, tanning and coloring materials..... 0.304 96.3 97.7 1.5 0.2 0.0 1.6 1.5 54 Medicinal and pharmaceutical products...... 0.958 95.6 96.8 0.6 -0.1 -0.3 1.1 1.3 55 Essential oils; polishing and cleansing preps................................... 0.332 95.0 95.3 -1.3 -1.0 0.4 1.3 0.3 57 Plastics in primary forms.................. 0.384 90.8 90.9 -0.8 -2.0 0.4 -0.9 0.1 58 Plastics in nonprimary forms............... 0.499 74.1 74.2 -10.5 -2.1 -1.7 -0.1 0.1 59 Chemical materials and products, n.e.s..... 0.668 99.1 99.3 -3.4 -0.1 0.2 -1.4 0.2 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL.............................. 12.817 92.7 92.3 -4.5 -0.1 -0.4 0.0 -0.4 62 Rubber manufactures, n.e.s................. 0.752 94.2 94.6 -0.8 -0.5 0.1 -0.1 0.4 63 Cork and wood manufactures other than furniture............................... 0.567 94.8 97.2 -3.7 2.0 -1.2 -1.0 2.5 64 Paper, paperboard, and articles of paper pulp, paper or paper board........ 1.685 87.4 86.5 -3.6 -0.6 0.1 0.5 -1.0 65 Textile yarn, fabrics, made-up articles, n.e.s., and related prod...... 1.451 96.5 96.8 -3.4 0.0 -0.1 -0.2 0.3 66 Nonmetallic mineral manufactures, n.e.s................................... 2.228 100.5 100.6 -1.6 0.2 -0.3 0.4 0.1 67 Iron and steel............................. 2.013 89.5 88.7 -7.9 -0.7 -0.8 -0.7 -0.9 68 Nonferrous metals.......................... 1.886 85.9 83.8 -10.3 -0.1 -1.8 -0.5 -2.4 69 Manufactures of metals, n.e.s.............. 2.062 96.9 97.1 -1.2 0.0 0.4 0.3 0.2 7 MACHINERY AND TRANSPORT EQUIPMENT........... 47.653 91.0 91.2 -3.3 -0.2 -0.3 0.1 0.2 71 Power generating machinery and equipment (9612=100).................... 3.113 97.4 98.1 -1.3 -0.2 -0.1 0.2 0.7 72 Machinery specialized for particular industries.............................. 2.819 97.8 98.7 -0.3 -0.2 -0.4 1.1 0.9 73 Metalworking machinery..................... 0.868 97.4 97.9 -0.4 0.2 0.1 0.8 0.5 74 General industrial machinery, equipment, & machine parts, n.e.s....... 3.630 97.6 98.3 1.0 0.2 0.1 1.0 0.7 75 Computer equipment and office machines..... 6.439 67.2 66.7 -13.0 -0.7 -0.9 -2.2 -0.7 76 Telecommunications & sound recording & reproducing apparatus & equipment..... 4.611 88.4 88.4 -3.8 0.1 -0.2 -0.5 0.0 77 Electrical machinery and equipment......... 9.570 83.7 84.2 -4.0 0.0 -0.7 0.6 0.6 78 Road vehicles.............................. 15.499 101.0 101.4 -0.2 -0.2 -0.1 0.3 0.4 8 MISCELLANEOUS MANUFACTURED ARTICLES......... 18.247 98.5 98.6 -1.1 -0.2 0.0 0.2 0.1 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s.............. 0.402 94.7 95.1 -1.0 0.0 0.1 -0.8 0.4 82 Furniture and parts thereof................ 1.304 100.0 100.2 -2.8 -0.2 -0.2 -0.1 0.2 83 Travel goods, handbags and similar containers.............................. 0.533 100.7 100.4 -0.3 -1.1 0.1 0.6 -0.3 84 Articles of apparel and clothing accessories............................. 6.205 102.9 102.8 0.0 0.1 0.2 0.0 -0.1 85 Footwear................................... 1.887 101.4 101.5 0.5 0.1 0.0 0.5 0.1 87 Professional, scientific and controlling instruments and apparatus, n.e.s........ 1.657 95.0 95.2 -1.2 0.0 -0.2 0.5 0.2 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.;..... 1.376 90.7 91.4 -1.3 -0.3 -0.6 0.7 0.8 89 Miscellaneous manufactured articles, n.e.s................................... 4.884 95.4 95.7 -2.5 -0.3 -0.3 0.2 0.3 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for August, September and October 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, November 1997-November 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Nov. July Aug. Sept. Oct. SITC Description 1997 1998 1998 1998 1998 Rev. 3 October October November to to to to to 1998 1998 1998 Nov. Aug. Sept. Oct. Nov. 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES.............................. 100.000 94.7 94.8 -3.9 -0.5 -0.5 -0.1 0.1 0 FOOD AND LIVE ANIMALS....................... 7.084 87.7 89.3 -8.5 -2.9 -3.2 1.2 1.8 01 Meat and meat preparations................. 1.163 93.8 91.1 -5.2 0.5 -2.1 -2.6 -2.9 03 Fish, crustaceans, aquatic invertebrates and preparations thereof................ 0.612 97.0 96.2 0.7 8.0 -1.2 1.1 -0.8 04 Cereals and cereal preparations............ 2.257 73.4 78.1 -17.7 -9.0 -6.3 4.6 6.4 05 Vegetables, fruit and nuts, fresh or dried.......................... 1.466 99.4 99.9 7.0 0.6 -2.9 0.2 0.5 08 Feeding stuff for animals (not including unmilled cereals)............. 0.627 86.2 89.2 -22.2 -6.0 -2.3 -2.5 3.5 09 Miscellaneous edible products and preparations............................ 0.412 106.7 106.7 2.0 0.0 1.2 0.4 0.0 3/ Other food and live animals (9612=100)....... 0.547 99.2 98.4 -2.1 -1.0 0.5 3.0 -0.8 1 BEVERAGES AND TOBACCO....................... 1.547 100.0 100.5 -0.4 0.1 -0.1 0.3 0.5 12 Tobacco and tobacco manufactures........... 1.273 99.8 100.4 -0.4 0.0 -0.1 0.4 0.6 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS..... 5.082 75.6 75.8 -14.7 -2.6 -2.5 -3.0 0.3 21 Hides, skins and furskins, raw............. 0.274 80.9 80.1 -22.7 2.6 -0.5 -3.1 -1.0 22 Oil seeds and oleaginous fruits............ 0.992 87.9 93.3 -21.1 -10.6 -3.7 -4.2 6.1 24 Cork and wood.............................. 0.891 82.5 81.3 -5.2 0.0 -0.2 0.4 -1.5 25 Pulp and waste paper....................... 0.708 59.1 57.6 -15.7 0.0 -2.8 -5.7 -2.5 26 Textile fibers and their waste............. 0.759 73.7 71.4 -12.1 -2.0 -0.8 -3.4 -3.1 27 Crude fertilizers and crude minerals....... 0.337 95.1 95.1 -2.8 -0.2 0.0 -1.9 0.0 28 Metalliferous ores and metal scrap......... 0.724 67.5 68.1 -20.7 -0.5 -4.0 -3.2 0.9 3/ Other crude materials, inedible, except fuels (9612=100).......................... 0.397 90.8 91.6 -10.0 0.2 -7.1 -1.5 0.9 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS................................ 1.892 94.4 94.2 -15.9 -1.7 -1.4 1.1 -0.2 32 Coal, coke and briquettes.................. 0.701 99.4 99.3 -2.5 -0.4 -0.1 0.0 -0.1 33 Petroleum, petroleum products and related materials....................... 1.060 93.7 93.4 -22.2 -2.4 -2.3 3.2 -0.3 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES.................................... 0.501 102.8 102.9 -3.7 -1.0 -0.7 0.1 0.1 5 CHEMICALS AND RELATED PRODUCTS, N.E.S....... 10.733 91.5 91.4 -4.0 -0.1 -0.3 -0.3 -0.1 51 Organic chemicals.......................... 2.327 74.2 74.0 -11.5 -0.5 -1.1 -1.2 -0.3 52 Inorganic chemicals........................ 0.895 102.7 102.7 3.5 0.0 -0.2 -0.5 0.0 53 Dyeing, tanning and coloring materials..... 0.500 99.8 100.0 -2.6 -1.3 0.3 0.2 0.2 54 Medicinal and pharmaceutical products...... 1.266 101.0 101.0 0.1 0.0 0.0 -0.6 0.0 55 Essential oils; polishing and cleansing preps................................... 0.782 102.8 101.5 -0.6 0.0 1.3 0.1 -1.3 56 Fertilizers (9612=100)..................... 0.596 97.8 97.0 3.2 2.7 -0.1 -0.1 -0.8 57 Plastics in primary forms.................. 1.764 87.2 87.4 -6.6 -1.0 -0.3 -0.5 0.2 58 Plastics in nonprimary forms............... 0.840 97.1 96.3 -2.2 0.4 -0.3 -0.2 -0.8 59 Chemical materials and products, n.e.s..... 1.763 100.5 101.1 -1.8 0.0 -0.4 0.5 0.6 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL.............................. 9.872 96.5 96.6 -2.3 -0.2 -0.5 -0.3 0.1 62 Rubber manufactures, n.e.s................. 0.702 104.1 105.9 3.7 0.5 -0.5 1.9 1.7 63 Cork and wood manufactures other than furniture............................... 0.301 91.5 93.1 2.2 3.5 -0.2 -1.3 1.7 64 Paper, paperboard, and articles of paper pulp, paper or paperboard......... 1.515 81.1 81.7 -4.1 -0.6 -1.1 -0.2 0.7 65 Textile yarn, fabrics, and made-up articles, n.e.s................. 1.419 100.3 100.3 -2.5 -1.1 -0.6 -1.0 0.0 66 Nonmetallic mineral manufactures, n.e.s................................... 1.377 107.1 107.1 0.8 0.2 0.0 0.3 0.0 67 Iron and steel............................. 1.088 97.9 97.5 -5.9 -0.2 -0.4 -1.8 -0.4 68 Nonferrous metals.......................... 1.233 85.7 85.4 -8.6 -0.8 -1.4 0.2 -0.4 69 Manufactures of metals, n.e.s.............. 2.086 106.6 106.5 1.6 -0.1 -0.1 -0.1 -0.1 7 MACHINERY AND TRANSPORT EQUIPMENT........... 51.083 98.2 98.2 -1.9 -0.1 -0.1 0.0 0.0 71 Power generating machinery and equipment............................... 4.429 106.9 107.9 1.5 0.0 0.2 -0.1 0.9 72 Machinery specialized for particular industries.............................. 4.870 105.5 105.5 1.0 0.0 0.2 0.0 0.0 73 Metalworking machinery..................... 1.026 108.7 108.7 3.1 0.0 -0.2 0.3 0.0 74 General industrial machinery, equipment, & parts, n.e.s............... 5.232 106.5 106.4 0.9 0.2 -0.1 0.1 -0.1 75 Computer equipment and office machines..... 6.057 74.5 74.6 -9.8 -0.8 -0.9 -0.3 0.1 76 Telecommunications & sound recording & reproducing apparatus & equipment..... 3.866 98.1 97.9 -1.5 0.1 0.0 -0.1 -0.2 77 Electrical machinery and equipment......... 11.584 91.1 90.6 -4.5 -0.2 0.0 0.0 -0.5 78 Road vehicles.............................. 9.395 102.2 102.3 0.4 0.0 0.0 0.2 0.1 8 MISCELLANEOUS MANUFACTURED ARTICLES......... 11.475 100.7 100.9 -0.9 -0.2 0.0 0.1 0.2 82 Furniture and parts thereof................ 0.656 104.1 104.1 0.3 -0.1 -0.1 0.0 0.0 84 Articles of apparel and clothing accessories............................. 1.305 102.5 102.5 -0.8 -1.1 0.1 0.0 0.0 87 Professional, scientific and controlling instruments and apparatus, n.e.s........ 3.838 103.9 104.1 0.8 -0.1 0.0 0.1 0.2 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s....... 0.924 93.4 94.6 -3.7 -0.1 -0.3 1.0 1.3 89 Miscellaneous manufactured articles, n.e.s................................... 4.276 98.2 98.2 -2.1 0.1 0.0 -0.1 0.0 3/ Other miscellaneous manufactured articles (9612=100)....................... 0.476 102.1 102.1 0.8 0.0 -0.3 -0.2 0.0 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for August, September and October 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, November 1997-November 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Nov. July Aug. Sept. Oct. nized Description 1997 1998 1998 1998 1998 System October October November to to to to to 1998 1998 1998 Nov. Aug. Sept. Oct. Nov. 1/ 2/ 1998 1998 1998 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS............... 1.625 99.7 99.1 -5.2 -2.1 0.3 0.3 -0.6 02 Meat and edible meat offal................... 0.279 94.3 95.3 -5.1 -0.1 0.4 -1.8 1.1 03 Fish and crustaceans, molluscs and........... other aquatic invertebrates............... 0.966 105.7 103.0 -5.0 -2.1 0.4 0.9 -2.6 3/ Other live animals and animal................ products (9612=100)....................... 0.379 92.6 95.5 -5.5 -3.6 0.2 0.4 3.1 II VEGETABLE PRODUCTS.......................... 1.703 93.5 89.5 -3.6 -7.2 5.2 3.4 -4.3 07 Edible vegetables and certain roots and...... tubers.................................... 0.463 161.7 132.0 2.2 -25.4 23.8 20.5 -18.4 08 Edible fruit and nuts; peel of citrus........ fruit or melons........................... 0.471 99.0 103.6 7.6 -2.6 2.0 -1.4 4.6 09 Coffee, tea, mate and spices................. 0.368 71.6 72.9 -13.3 6.1 -3.1 -3.9 1.8 3/ Other vegetable products..................... 0.402 87.5 84.2 -10.3 -6.4 2.7 -0.1 -3.8 IV PREPARED FOODSTUFFS, BEVERAGES, AND......... TOBACCO................................... 2.163 100.2 100.0 -1.9 -0.2 0.2 -0.4 -0.2 20 Preparations of vegetables, fruit,........... nuts, or other parts of plants............ 0.281 88.6 89.3 1.9 -0.9 -1.0 0.9 0.8 22 Beverages, spirits, and vinegar.............. 0.791 104.1 105.3 1.2 0.4 0.4 -0.8 1.2 3/ Other prepared foodstuffs (9612=100)......... 1.091 98.3 97.0 -4.8 -0.5 0.4 -0.6 -1.3 V MINERAL PRODUCTS............................ 7.976 80.7 76.1 -31.8 -1.1 4.9 2.2 -5.7 26 Ores, slag and ash........................... 0.309 101.5 101.5 -0.9 -0.2 -0.1 -0.1 0.0 27 Mineral fuels, oils and residuals,........... bituminous substances and mineral wax..... 7.433 79.5 74.7 -33.3 -1.2 5.4 2.3 -6.0 VI PRODUCTS OF THE CHEMICAL OR ALLIED.......... INDUSTRIES................................ 5.345 95.3 95.8 -2.6 -0.6 -0.4 0.3 0.5 28 Inorganic chemicals.......................... 0.855 97.4 97.5 -5.9 -1.8 -0.9 0.9 0.1 29 Organic chemicals............................ 2.027 91.5 92.1 -3.5 -0.4 -0.7 0.1 0.7 30 Pharmaceutical products...................... 0.589 102.4 104.0 1.6 -0.1 -0.4 1.8 1.6 32 Tanning & dyeing extracts; dye &............. pigments; varnish & paints; putty......... 0.301 94.5 95.9 1.1 0.1 0.0 1.6 1.5 37 Photographic or cinematographic goods........ 0.364 95.1 95.1 -3.2 0.0 -0.3 -0.6 0.0 38 Miscellaneous chemical products.............. (9612=100)................................ 0.411 91.6 91.9 -6.0 -0.3 -0.3 -2.8 0.3 3/ Other products of the chemical or............ allied industries (9612=100).............. 0.798 96.3 95.9 0.7 -0.6 -0.3 1.5 -0.4 VII PLASTICS AND ARTICLES THEREOF; RUBBER....... AND ARTICLES THEREOF...................... 2.764 85.8 86.0 -5.1 -0.9 -0.3 0.0 0.2 39 Plastics and articles thereof................ 1.728 88.8 89.0 -4.8 -1.0 -0.7 -0.2 0.2 40 Rubber and articles thereof.................. 1.036 81.2 81.5 -5.6 -0.7 0.2 0.0 0.4 VIII RAW HIDES, SKINS, LEATHER, FURSKINS,........ TRAVEL GOODS, ETC......................... 1.058 102.5 102.8 -0.2 -0.6 -0.1 0.6 0.3 42 Articles of leather; travel goods, bags,..... etc. of various materials................. 0.890 100.7 100.7 -0.3 -0.8 -0.2 0.6 0.0 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET.... AND WICKER................................ 1.603 98.1 99.0 -7.6 1.6 0.2 -4.0 0.9 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER..... AND ARTICLES THEREOF...................... 2.415 82.2 81.5 -5.3 -1.0 -0.1 -0.4 -0.9 47 Pulp wood or other fibrous cellulosic........ material; waste paper/paperboard.......... 0.344 58.7 57.1 -18.2 -3.1 -2.7 -4.6 -2.7 48 Paper and paperboard; articles of paper...... pulp, paper or paperboard................. 1.701 88.1 87.4 -3.4 -0.5 0.3 0.1 -0.8 49 Printed matter............................... 0.370 98.9 99.4 -0.7 -0.6 0.5 0.8 0.5 XI TEXTILE AND TEXTILE ARTICLES................ 7.264 100.8 100.7 -1.1 0.1 0.1 0.0 -0.1 61 Articles of apparel and clothing............. accessories, knitted or crocheted......... 2.155 101.2 101.2 -0.3 0.0 0.0 -0.2 0.0 62 Articles of apparel and clothing............. accessories, not knitted or crocheted..... 3.541 104.1 103.9 0.2 0.2 0.3 0.0 -0.2 63 Made-up or worn textile articles and......... clothing; needlecraft sets; rags.......... 0.347 93.3 94.0 -4.6 0.0 -0.4 0.2 0.8 3/ Other textile & textile...................... articles (9612=100)....................... 1.220 95.9 95.8 -5.0 -0.1 0.0 0.0 -0.1 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS,....... ARTIFICIAL FLOWERS, ETC................... 2.209 101.7 101.8 0.5 -0.1 0.1 0.5 0.1 64 Footwear, gaiters and the like; parts........ of such articles.......................... 1.898 101.1 101.3 0.4 -0.1 0.0 0.6 0.2 3/ Other footwear, headgear, umbrellas,......... whips, art. flowers, etc. (9612=100)...... 0.311 103.4 103.2 1.0 0.0 0.0 0.3 -0.2 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC.... GLASS ETC................................. 1.196 100.9 101.2 -0.9 0.2 -0.2 0.5 0.3 69 Ceramic products............................. 0.452 97.8 97.9 -1.0 0.0 -0.1 0.3 0.1 70 Glass and glassware.......................... 0.459 99.8 100.5 -1.7 0.4 -0.5 0.5 0.7 XIV PEARLS, STONES, PRECIOUS METALS,............ IMITATION JEWELRY, AND COINS.............. 2.322 98.2 98.5 0.4 0.3 -0.8 0.1 0.3 XV BASE METALS AND ARTICLES OF BASE METAL...... 5.714 87.1 86.1 -8.6 -0.6 -0.8 -0.2 -1.1 72 Iron and steel............................... 1.716 87.9 86.9 -8.8 -0.6 -1.3 -0.9 -1.1 73 Articles of iron or steel.................... 1.322 94.0 93.6 -3.3 0.1 0.2 0.0 -0.4 74 Copper and articles thereof.................. 0.410 71.6 70.7 -10.7 0.7 -0.3 0.3 -1.3 76 Aluminum and articles thereof................ 0.920 82.9 82.1 -12.2 -1.1 -0.7 0.7 -1.0 83 Miscellaneous articles of base metal......... 0.431 100.1 101.2 -0.5 -0.1 0.7 -0.1 1.1 3/ Miscellaneous nonferrous metals and.......... articles, including scrap (9612=100)...... 0.439 82.7 77.2 -26.8 -3.1 -5.7 -2.0 -6.7 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV......... IMAGE & SOUND RECORDERS, PARTS, ETC....... 30.060 84.0 84.1 -5.6 -0.1 -0.5 -0.1 0.1 84 Specialized machinery & computer............. equipment................................. 15.586 83.9 83.9 -6.6 -0.4 -0.4 -0.6 0.0 85 Electrical machinery and equip, sound........ and TV recorders & reproducers, parts..... 14.474 84.0 84.2 -4.5 0.1 -0.5 0.2 0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND............. ASSOCIATED TRANSPORT EQUIPMENT............ 16.789 101.1 101.5 -0.2 -0.1 -0.1 0.3 0.4 87 Motor vehicles and their parts............... 15.854 100.8 101.2 -0.2 -0.2 0.0 0.3 0.4 XVII OPTICAL, PHOTO, MEASURING, MEDICAL &........ MUSICAL INSTRUMENTS; & TIMEPIECES......... 3.683 92.0 92.1 -1.3 -0.3 -0.2 0.5 0.1 90 Optical, photographic, measuring and......... medical instruments....................... 3.136 91.6 91.7 -1.8 -0.2 -0.2 0.4 0.1 91 Clocks and watches and parts thereof......... 0.400 94.7 95.0 3.7 -0.2 -1.0 1.5 0.3 XX MISCELLANEOUS MANUFACTURED ARTICLES......... 3.848 97.5 98.0 -1.8 -0.2 -0.2 0.2 0.5 94 Furniture; stuffed furnishings; lamps........ and lighting fittings nes;................ 1.657 97.9 98.6 -1.7 -0.2 -0.1 0.2 0.7 95 Toys, games and sports equipment; parts...... and accessories thereof................... 1.889 97.7 97.9 -2.4 -0.2 -0.4 0.1 0.2 96 Miscellaneous manufactured articles.......... 0.302 93.7 95.6 2.0 0.0 0.0 0.4 2.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for August, September and October 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, November 1997-November 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Nov. July Aug. Sept. Oct. nized Description 1997 1998 1998 1998 1998 System October October November to to to to to 1998 1998 1998 Nov. Aug. Sept. Oct. Nov. 1/ 2/ 1998 1998 1998 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS............... 1.954 93.9 92.2 -4.3 2.8 -3.5 0.2 -1.8 02 Meat & edible meat offal..................... 1.069 90.4 87.8 -6.1 1.5 -2.3 -3.0 -2.9 03 Fish and crustaceans, molluscs and........... other aquatic invertebrates............... 0.526 91.3 90.8 -2.2 6.9 -3.9 1.9 -0.5 3/ Other live animals and animal................ products (9612=100)....................... 0.359 94.5 94.3 -1.6 0.4 -6.9 8.6 -0.2 II VEGETABLE PRODUCTS.......................... 4.554 81.8 85.6 -14.1 -7.2 -4.6 1.4 4.6 07 Edible vegetables and certain roots and...... tubers.................................... 0.327 99.4 98.1 -6.5 0.8 -7.5 1.6 -1.3 08 Edible fruit and nuts; peel of citrus........ fruit or melons........................... 0.774 101.5 100.6 13.3 0.5 -0.3 1.0 -0.9 10 Cereals...................................... 2.031 70.9 75.9 -19.3 -10.0 -6.9 5.2 7.1 12 Oilseeds and misc. grains, seeds,............ fruits, plants, straw and fodder.......... 1.177 90.4 96.0 -19.5 -9.7 -3.5 -4.2 6.2 III ANIMAL OR VEGETABLE FATS AND OILS........... 0.544 103.7 104.0 -3.3 -0.9 -0.5 -0.1 0.3 IV PREPARED FOODSTUFFS, BEVERAGES, AND......... TOBACCO................................... 3.452 96.9 97.4 -4.1 -0.9 -0.5 0.2 0.5 20 Preparations of vegetables, fruit,........... nuts, or other parts of plants............ 0.356 96.0 96.3 7.7 0.3 -0.8 0.8 0.3 21 Miscellaneous edible preparations............ 0.382 107.3 107.3 1.6 -0.3 1.1 0.5 0.0 22 Beverages, spirits, and vinegar.............. 0.342 99.1 98.9 -0.9 0.6 0.0 0.0 -0.2 23 Residues and waste from the food............. industries; prepared animal feed.......... 0.569 84.3 85.9 -21.8 -5.3 -3.5 -0.1 1.9 24 Tobacco and manufactured tobacco............. substitutes............................... 1.285 99.8 100.5 -0.3 0.0 -0.1 0.4 0.7 3/ Other prepared foods......................... 0.517 100.1 99.7 -2.4 0.0 0.2 -0.2 -0.4 V MINERAL PRODUCTS............................ 2.440 92.3 92.4 -15.0 -1.4 -1.7 0.1 0.1 27 Mineral fuels, oils and residuals,........... bituminous substances and mineral wax..... 1.942 95.1 94.9 -16.2 -1.9 -1.5 1.3 -0.2 VI PRODUCTS OF THE CHEMICAL OR ALLIED.......... INDUSTRIES................................ 8.745 92.2 92.3 -4.2 0.0 -0.3 -0.3 0.1 28 Inorganic chemicals.......................... 0.957 100.9 100.8 -1.5 0.0 -0.4 -1.0 -0.1 29 Organic chemicals............................ 2.626 77.4 77.2 -11.2 -0.4 -0.9 -1.3 -0.3 30 Pharmaceutical products...................... 0.940 103.2 103.2 2.8 0.0 0.1 -0.9 0.0 31 Fertilizers (9612=100)....................... 0.664 97.8 97.0 3.2 2.7 -0.1 -0.1 -0.8 32 Tanning or dyeing extracts; dyes and......... pigments; paints & varnish; putty;ink..... 0.514 100.0 100.4 -2.0 -1.2 0.2 0.3 0.4 33 Essential oils and resinoids;................ perfumery, cosmetic or toilet............. 0.555 104.0 103.7 0.4 0.0 0.7 0.1 -0.3 34 Soap; lubricants; waxes, polishing or........ scouring products; candles, pastes........ 0.333 105.1 103.3 0.2 0.1 2.0 0.3 -1.7 37 Photographic or cinematographic goods........ 0.396 84.8 87.3 -8.3 -0.2 -1.0 2.5 2.9 38 Miscellaneous chemical products.............. 1.532 99.4 100.3 -2.1 0.2 -0.6 0.7 0.9 VII PLASTICS AND ARTICLES THEREOF; RUBBER....... AND ARTICLES THEREOF...................... 4.246 91.4 91.7 -4.9 -1.9 -0.3 0.0 0.3 39 Plastics and articles thereof................ 3.319 89.6 89.6 -6.6 -2.6 -0.3 -0.2 0.0 40 Rubber and articles thereof.................. 0.927 98.5 100.2 1.9 0.5 -0.5 0.9 1.7 VIII RAW HIDES, SKINS, LEATHER, FURSKINS,........ TRAVEL GOODS, ETC......................... 0.507 83.7 82.7 -15.9 1.4 0.0 -2.4 -1.2 41 Raw hides and skins (other than.............. furskins) and leather..................... 0.351 78.0 76.6 -21.4 2.1 0.0 -3.5 -1.8 IX WOOD, WOOD CHARCOAL, CORK, STRAW,........... BASKET AND WICKER......................... 1.217 85.0 84.4 -3.7 0.7 -0.1 -0.1 -0.7 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER..... AND ARTICLES THEREOF...................... 2.974 75.5 75.6 -5.4 -0.5 -1.2 -1.3 0.1 47 Pulp wood or other fibrous cellulosic........ material; waste paper/paperboard.......... 0.655 56.7 55.7 -16.1 -0.5 -3.4 -5.3 -1.8 48 Paper and paperboard; articles of paper...... pulp, paper or paperboard................. 1.482 81.4 82.4 -3.7 -0.7 -1.0 -0.2 1.2 49 Printed material............................. 0.837 108.5 108.5 1.7 -0.2 0.3 -0.1 0.0 XI TEXTILE AND TEXTILE ARTICLES................ 3.230 89.7 89.1 -4.6 -1.2 -0.3 -1.2 -0.7 52 Cotton, including yarns and woven............ fabrics thereof........................... 0.674 75.5 73.0 -9.7 -2.2 -1.3 -3.6 -3.3 XIII STONE, PLASTER, CEMENT, ASBESTOS,........... CERAMIC, GLASS ETC........................ 0.885 103.7 103.7 1.0 0.0 -0.2 0.5 0.0 70 Glass and glassware.......................... 0.513 102.9 102.8 1.6 0.0 0.1 1.0 -0.1 XIV PEARLS, STONES, PRECIOUS METALS,............ IMITATION JEWELRY, AND COINS.............. 1.851 92.0 93.2 -4.8 -0.5 -2.9 0.5 1.3 XV BASE METALS AND ARTICLES OF BASE METALS..... 4.495 90.2 90.0 -6.3 -0.4 -0.7 -0.7 -0.2 72 Iron and steel............................... 0.854 79.2 79.3 -14.6 -0.8 -2.7 -1.7 0.1 73 Articles of iron or steel.................... 1.322 109.4 109.3 0.8 -0.2 -0.1 -1.2 -0.1 74 Copper and articles thereof.................. 0.360 66.5 66.4 -14.3 -1.5 -1.6 0.3 -0.2 76 Aluminum and articles thereof................ 0.837 81.4 80.7 -10.9 -0.2 -0.1 0.7 -0.9 82 Tools, implements, cutlery, spoons and....... forks, of base metal; parts thereof....... 0.423 102.3 102.3 -0.9 -1.2 0.0 -0.4 0.0 83 Miscellaneous articles of base metal......... 0.389 100.8 100.8 -0.7 0.5 0.0 0.0 0.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV......... IMAGE AND SOUND RECORDERS, PARTS, ETC..... 36.986 93.4 93.3 -3.3 -0.2 -0.1 -0.1 -0.1 84 Specialized machinery & computer............. equipment................................. 20.615 94.5 94.7 -2.6 -0.2 -0.2 -0.1 0.2 85 Electrical machinery and equip, sound........ & tv recorders & reproducers, parts....... 16.371 92.1 91.7 -4.2 -0.1 0.0 -0.1 -0.4 XVII VEHICLES, AIRCRAFT, VESSELS AND............. ASSOCIATED TRANSPORT EQUIPMENT............ 14.276 105.4 105.4 0.5 0.0 0.0 0.2 0.0 87 Motor vehicles and their parts............... 9.867 102.4 102.4 0.4 0.0 0.0 0.3 0.0 XVII OPTICAL, PHOTO, MEASURING, MEDICAL &........ MUSICAL INSTRUMENTS; & TIMEPIECES......... 5.575 102.2 102.2 0.2 -0.1 0.2 0.0 0.0 XX MISCELLANEOUS MANUFACTURED ARTICLES......... 1.841 102.4 102.2 -0.2 0.0 -0.1 0.0 -0.2 94 Furniture; stuffed furnishings;.............. lamps and lighting fittings nesoi;........ 0.906 104.2 104.1 0.2 -0.1 -0.1 -0.1 -0.1 95 Toys, games and sports equipment; parts...... and accessories thereof................... 0.758 100.9 100.5 -0.5 0.0 0.0 0.0 -0.4 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for August, September and October 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, November 1997-November 1998 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports Nov. July Aug. Sept. Oct. Description 1/ 1997 1998 1998 1998 1998 1995 Oct. Nov. to to to to to 1998 1998 Nov. Aug. Sept. Oct. Nov. 2/ 1998 1998 1998 1998 1998 3/ Developed Countries.......................... 55.6 94.6 95.1 -2.4 -0.3 -0.1 0.4 0.5 Manufactured Goods......................... 52.2 95.2 95.9 -1.0 -0.2 -0.2 0.3 0.7 Nonmanufactured Goods...................... 3.1 89.8 87.5 -20.3 -1.5 2.1 3.1 -2.6 3/ Developing Countries......................... 42.7 91.9 91.0 -9.6 -0.7 0.4 0.2 -1.0 Manufactured Goods......................... 35.4 92.8 92.7 -5.4 -0.3 -0.4 -0.3 -0.1 Nonmanufactured Goods...................... 7.1 82.9 78.0 -28.0 -2.7 6.2 3.2 -5.9 Canada....................................... 18.9 96.0 95.9 -3.6 -0.1 -0.3 0.4 -0.1 Manufactured Goods......................... 16.5 97.0 97.1 -1.1 0.0 -0.4 0.0 0.1 Nonmanufactured Goods...................... 2.2 93.1 91.0 -19.7 -2.3 1.4 4.0 -2.3 4/ European Union............................... 17.0 100.7 101.0 0.0 0.0 0.0 1.0 0.3 Manufactured Goods......................... 16.4 101.4 101.9 1.1 -0.1 0.1 0.9 0.5 Nonmanufactured Goods...................... 0.5 83.6 78.2 -28.1 3.4 -0.7 2.6 -6.5 5/ Latin America (9712=100).................... 14.1 93.9 93.1 n.a. -1.7 1.1 0.8 -0.9 Manufactured Goods (9712=100)............. 10.4 96.8 96.7 n.a. -0.3 -0.5 0.3 -0.1 Nonmanufactured Goods (9712=100)........... 3.5 85.8 82.9 n.a. -6.2 6.9 2.1 -3.4 Japan........................................ 16.6 87.1 88.4 -3.5 -0.3 -0.5 -0.1 1.5 6/ Asian Newly Industrialized Countries......... 10.9 84.9 84.8 -8.5 -0.2 -0.7 -0.4 -0.1 1 Regions are not mutually exclusive. 2 Data for August, September and October 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. September 1997-September 1998 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade Sept. Sept. Dec. March June Description (Mil. 1997 1997 1997 1998 1998 of June Sept. to to to to to Dollars) 1998 1998 Sept. Dec. March June Sept. 1998 1997 1998 1998 1998 IMPORT Air Freight 3188 81.5 80.3 -9.4 -2.3 -7.0 1.2 -1.5 Atlantic 1278 87.8 87.4 1.2 4.4 -4.9 2.3 -0.5 Pacific 1674 76.7 74.9 -18.1 -7.4 -9.9 0.5 -2.3 Air Passenger Fares 11127 112.6 112.8 1.2 -6.5 -1.0 9.0 0.2 1/ Atlantic 4922 117.3 119.2 -2.4 -17.8 -1.5 18.6 1.6 1/ Pacific 2340 105.9 99.0 -1.5 5.7 -7.4 7.7 -6.5 1/ Latin American / Caribbean 3021 106.3 109.3 3.2 -0.7 1.6 -0.6 2.8 1/ Crude Oil Tanker Freight 1346 81.6 n.a. n.a. 3.9 -0.1 -14.6 n.a. Ocean Liner Freight 9868 100.8 101.2 6.2 -1.9 -0.1 7.9 0.4 U.S. East Coast 4271 99.2 100.3 2.0 -1.6 -0.2 2.8 1.1 from Atlantic 1952 96.7 97.4 -0.9 -1.6 0.5 -0.5 0.7 from Pacific 1774 101.2 103.1 6.3 -2.3 0.0 6.8 1.9 1/ U.S. West Coast 5596 101.5 101.3 9.6 -1.9 -0.1 12.2 -0.2 EXPORT Air Freight (9612 = 100) 2562 94.5 95.6 -1.0 -3.4 1.7 -0.4 1.2 Air Passenger Fares 17272 95.1 95.4 -4.6 -7.9 2.4 0.8 0.3 1/ Atlantic 4120 110.7 115.2 5.2 -7.4 0.3 8.8 4.1 1/ Pacific 10700 77.7 76.4 -11.6 -9.6 1.9 -2.4 -1.7 Latin American / Caribbean 1392 109.0 113.2 5.3 -0.9 0.8 1.6 3.9 Canadian 1006 160.2 154.9 -1.7 -6.7 13.0 -3.6 -3.3 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. September 1997-September 1998 1995 = 100 Index Percent Change Annual Quarterly Trade Sept. Sept. Dec. March June Description (Mil. 1997 1997 1997 1998 1998 of June Sept. to to to to to Dollars) 1998 1998 Sept. Dec. March June Sept. 1998 1997 1998 1998 1998 Air Freight (Inbound) 5495 83.4 81.8 -7.6 -2.3 -4.2 0.6 -1.9 Atlantic 1880 88.4 88.0 2.8 4.7 -4.7 3.5 -0.5 Pacific 3151 80.3 77.9 -14.4 -6.7 -4.2 -1.2 -3.0 Air Freight (Outbound) 5835 96.0 95.8 -3.8 -1.9 -0.5 -1.2 -0.2 Atlantic 2080 102.2 103.3 2.2 0.0 -0.1 1.2 1.1 Pacific 3222 92.4 91.4 -8.3 -3.4 -0.8 -3.2 -1.1 Air Passenger Fares (U.S. Carrier) 30673 107.8 107.3 -1.7 -8.9 -0.2 8.6 -0.5 1/ Atlantic 8811 116.8 120.4 1.2 -17.8 -3.7 24.0 3.1 1/ Pacific 15900 93.6 89.5 -6.7 -5.9 -0.3 4.1 -4.4 1/ Latin American / Caribbean 4542 111.6 117.2 6.1 -1.2 1.5 0.7 5.0 Canadian 1367 167.9 162.6 0.2 -5.0 12.7 -3.3 -3.2 Air Passenger Fares (Foreign Carrier) 31694 102.4 104.2 -0.4 -4.7 -2.1 4.9 1.8 1/ Atlantic 13572 111.9 118.3 6.0 -9.9 -1.7 13.3 5.7 1/ Pacific 12570 82.8 79.7 -12.4 -2.0 -5.0 -2.2 -3.7 1/ Latin American / Caribbean 4224 105.1 107.7 3.2 0.4 0.5 -0.2 2.5 1/ Crude Oil Tanker Freight (Inbound) 1949 87.4 n.a. n.a. 5.5 0.3 -15.6 n.a. Ocean Liner Freight (Inbound) 12253 103.2 105.0 10.6 -2.1 0.1 11.0 1.7 U.S. East Coast 5410 97.5 98.4 1.4 -1.3 -0.3 2.2 0.9 from Atlantic 2647 94.8 95.4 -0.6 -1.3 0.4 -0.4 0.6 from Pacific 1874 98.8 100.6 5.7 -2.2 0.0 6.1 1.8 1/ U.S. West Coast 6844 107.3 109.7 18.2 -2.8 0.4 18.4 2.2 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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