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Michelle Albert Vachris
T he International Price Program of the Bureau of Labor Statistics recently began reporting quarterly U. S. import price indexes, first published with the April 30, 1992, release of first quarter data, are available for the following countries and regions:1
As shown in chart 1, Canada, the European Community, Japan, and the Asian NIC'S accounted for about 70 percent of total U. S. imports in 1985, the reference year for the dollar-volume weights used in calculating the indexes. The trade share for the developed countries was 65.4 percent, compared with 34.6 percent for the developing countries.
This excerpt is from an article published in the June 1992 issue of the Monthly Labor Review. The full text of the article is available in Adobe Acrobat's Portable Document Format (PDF). See How to view a PDF file for more information.
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Footnotes
1 Developed and developing regions are defined according
to the standard U.S. Bureau of the Census definition; the
European Community (EC)
includes Belgium, the Netherlands, Denmark, France, Germany, the
United Kingdom, Italy, Ireland, Spain, Portugal, Greece, and
Luxembourg; and the Asian Newly Industrialized Countries (NIC'S) include Hong Kong,
Singapore, South Korea, and Taiwan.
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