Technical Information Jim Thomas (202) 606-7155 USDL-98-99 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 Thursday, March 12, 1998 U.S. IMPORT AND EXPORT PRICE INDEXES -FEBRUARY 1998- The U.S. Import Price Index fell 0.8 percent in February, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decline marked the fourth month in a row the index was down and was again attributable to decreases in both petroleum and nonpetroleum prices. The U.S. Export Price Index, down 0.2 percent, fell for the third month in a row, primarily due to falling agricultural prices. Percent changes in import and export price indexes by End Use category - not seasonally adjusted - IMPORTS EXPORTS Month All Petroleum Non- All Agri- Nonagri- Imports Imports petroleum Exports cultural cultural Imports Exports Exports 1997 February -0.9 -8.1 -0.1 0.2 2.1 0.0 March -1.3 -8.7 -0.4 0.1 1.5 -0.1 April -1.1 -7.3 -0.5 0.0 -0.4 0.0 May 0.0 1.1 -0.1 -0.3 -1.2 0.0 June -0.1 -2.0 0.1 -0.1 -2.0 0.1 July -0.2 -1.3 -0.2 0.0 -1.1 0.0 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 -1.0r -6.7r -0.4 -0.4 -0.8 -0.4 1998 January -1.2r -9.0r -0.6 -0.7r -2.7r -0.4r February -0.8 -7.4 -0.3 -0.2 -1.5 0.0 Feb. 1996-97 0.3 19.7 -1.9 -1.2 -6.3 -0.4 Feb. 1997-98 -6.1 -32.0 -3.3 -2.3 -9.0 -1.4 r = revised to reflect late reports and corrections by respondents. Import Goods The February import price decline of 0.8 percent followed slightly larger declines of 1.2 percent and 1.0 percent in the previous two months, respectively. Over the past 12 months, the import price index decreased 6.1 percent. Petroleum prices fell 7.4 percent in February and declined 32.0 percent for the year ended in February. Over the past four months alone, the index for petroleum prices dropped 24.1 percent. Nonpetroleum import prices also continued to slide, falling 0.3 percent in February, the eighth consecutive month without an increase. In January, nonpetroleum import prices decreased 0.6 percent. The nonpetroleum price index decreased 3.3 percent for the year ended in February, and was down 5.1 percent over the past two years. The index for imported capital goods led the drop in nonpetroleum import prices, falling 0.7 percent. The index has declined for eight consecutive months and has posted monthly increases only twice since December 1995. For the year ended in February, the index decreased 6.7 percent compared with a 5.6 percent drop over the February 1996-97 period. The index for industrial supplies and materials excluding petroleum continued a recent three month slide, falling 0.5 percent last month after declining 1.6 percent in January and 1.4 percent in December; decreasing chemical and textile prices had the largest impact on the February decline. For the second consecutive month, the index for foods, feeds, and beverages fell, dropping 0.7 percent in February and 0.5 percent the previous month. In contrast, the indexes for automotive vehicles, parts, and engines and for consumer goods each increased in February, rising 0.4 percent and 0.2 percent, respectively. The increase in auto prices last month followed no change in January, while consumer goods were pushed up in February largely due to a seasonal increase in flower prices. Export Goods The 0.2 percent price decline for exported goods followed decreases of 0.7 percent and 0.4 percent in January and December, respectively. For the past 12 months, the index fell 2.3 percent. The decline in February was attributable to falling agricultural prices as nonagricultural export prices posted no change. Agricultural export prices fell for the third consecutive month, down 1.5 percent after falling 2.7 percent in January and 0.8 percent in December. The February decline was largely attributable to a drop in vegetable prices which countered an upturn in prices for grains and oilseeds. Export prices for nonagricultural commodities were unchanged on average in February after decreasing in each of the preceding five months. For the February 1997-98 period, prices for nonagricultural exports were down 1.4 percent. The index for nonagricultural industrial supplies and materials fell for the seventh consecutive month in February, dipping 0.1 percent after falling 1.1 percent in January. For the year ended in February, the index decreased 2.7 percent. In contrast, the indexes for all the major finished goods categories posted no change in February. The indexes for capital goods and consumer goods were unchanged last month after each fell 0.2 percent in January. Export prices for automotive vehicles, parts, and engines posted no change, on average,in each of the past three months. Imports by Locality of Origin Prices for imports from the Asian Newly Industrialized Countries continued to decline in February, down 0.2 percent. (See table 7.) The February decline,however, was less than the 1.1 percent monthly average decrease over the preceding three months. For the year ended in February, the index decreased 5.9 percent. Prices of goods imported from Japan also fell 0.2 percent last month, continuing a two-year downward slide. The drop followed larger decreases of 1.1 percent and 0.7 percent in January and December, respectively. For the February 1997-98 period, the index decreased 5.1 percent. The price index for imports from Canada fell 0.7 percent in February, following declines in each of the preceding three months. Over the past 12 months, the index was down 3.6 percent. Prices for imports from the European Union also continued a recent downturn, falling 0.3 percent last month after decreasing 0.5 percent in January. The index decreased 2.1 percent over the February 1997-98 period. Prices for goods imported from Latin America decreased 1.1 percent in February after falling 2.5 percent in January. This index was first published last month. 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 March 1998 are scheduled for release on April 15, 1998 at 10:00 a.m. (EDT). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, February 1997-February 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. END Description 1997 1997 1997 1997 1998 USE January January February to to to to to 1998 1998 1998 Feb. Nov. Dec. Jan. Feb. 1/ 2/ 1998 1997 1997 1998 1998 ALL COMMODITIES 100.000 95.4 94.6 -6.1 -0.4 -1.0 -1.2 -0.8 ALL IMPORTS EXCLUDING PETROLEUM 92.513 95.3 95.0 -3.3 -0.2 -0.4 -0.6 -0.3 0 FOODS, FEEDS, & BEVERAGES 4.797 97.6 96.9 -1.6 -0.9 0.2 -0.5 -0.7 00 Agricultural foods, feeds & beverages, excluding distilled beverages 3.406 95.2 93.8 -4.1 -1.1 0.5 -0.5 -1.5 01 Nonagricultural foods (fish, distilled beverages) 1.391 104.0 105.0 4.9 0.0 -1.0 -0.1 1.0 1 INDUSTRIAL SUPPLIES & MATERIALS 26.087 94.8 92.5 -14.1 -0.7 -3.0 -4.0 -2.4 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.599 95.5 95.0 -4.7 0.6 -1.4 -1.6 -0.5 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.788 96.2 95.8 -2.9 -0.4 -0.6 -1.5 -0.4 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.812 94.7 94.0 -6.6 1.8 -2.2 -1.8 -0.7 10 Fuels & lubricants 8.734 94.9 88.7 -30.8 -1.5 -7.2 -8.3 -6.5 100 Petroleum & petroleum products 7.488 91.5 84.7 -32.0 -3.5 -6.7 -9.0 -7.4 10000 Crude 5.816 89.5 81.8 -34.7 -4.0 -8.2 -9.2 -8.6 11 Paper & paper base stocks 1.818 81.5 80.6 2.0 0.8 -1.3 -2.2 -1.1 12 Materials associated with nondurable supplies & materials 5.955 92.7 92.3 -4.6 -0.3 -0.5 -1.2 -0.4 13 Selected building materials 2.102 105.0 104.6 -8.2 0.7 -0.6 -2.4 -0.4 14 Unfinished metals associated with durable goods 4.525 93.9 93.8 0.2 -1.0 -0.9 -1.7 -0.1 15 Finished metals associated with durable goods 1.461 95.1 94.6 -3.2 -0.6 0.2 -1.3 -0.5 16 Nonmetals associated with durable goods 1.492 93.8 93.0 -4.4 0.0 0.0 -0.4 -0.9 2 CAPITAL GOODS 28.348 88.2 87.6 -6.7 -0.4 -0.6 -0.8 -0.7 20 Electric & electrical generating equipment 3.377 95.5 95.8 -2.6 -0.2 -0.6 -0.5 0.3 21 Nonelectrical machinery 23.232 85.6 84.9 -7.8 -0.5 -0.6 -1.0 -0.8 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 18.238 101.3 101.7 1.0 0.0 -0.1 0.0 0.4 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 22.531 99.0 99.2 -1.0 -0.2 0.1 -0.2 0.2 40 Nondurables, manufactured 11.164 101.0 100.9 0.3 -0.3 0.2 0.0 -0.1 41 Durables, manufactured 10.265 97.0 96.7 -2.3 -0.2 0.2 -0.3 -0.3 42 Nonmanufactured consumer goods 1.102 98.9 105.8 -2.2 -1.3 -0.7 -0.5 7.0 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for November and December 1997 and January 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, February 1997-February 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. END Description 1997 1997 1997 1997 1998 USE January January February to to to to to 1998 1998 1998 Feb. Nov. Dec. Jan. Feb. 1/ 2/ 1998 1997 1997 1998 1998 ALL COMMODITIES 100.000 97.5 97.3 -2.3 0.0 -0.4 -0.7 -0.2 AGRICULTURAL COMMODITIES 10.189 95.6 94.2 -9.0 0.7 -0.8 -2.7 -1.5 NONAGRICULTURAL COMMODITIES 89.811 97.7 97.7 -1.4 -0.1 -0.4 -0.4 0.0 0 FOODS, FEEDS, & BEVERAGES 9.205 96.9 95.0 -8.9 0.4 -0.9 -2.4 -2.0 00 Agricultural foods, feeds & beverages, excluding distilled beverages 8.477 97.6 96.1 -9.0 0.6 -0.7 -2.4 -1.5 01 Nonagricultural foods (fish, distilled beverages) 0.728 90.9 83.8 -8.3 -2.3 -1.7 -3.4 -7.8 1 INDUSTRIAL SUPPLIES & MATERIALS 25.008 92.5 92.3 -3.1 -0.3 -0.8 -1.3 -0.2 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.652 92.6 92.8 -3.8 -0.5 -1.2 -0.6 0.2 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 15.355 92.4 92.0 -2.7 0.0 -0.6 -1.8 -0.4 10 Agricultural industrial supplies & materials 1.712 88.3 87.1 -9.1 1.0 -1.4 -4.7 -1.4 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 23.296 92.8 92.7 -2.7 -0.3 -0.8 -1.1 -0.1 11 Fuels & lubricants 2.396 107.2 106.2 -4.7 -0.5 -0.5 -2.7 -0.9 12 Nonagricultural supplies & materials excluding fuels & building materials 19.401 90.6 90.5 -2.0 -0.1 -1.0 -0.9 -0.1 13 Selected building materials 1.499 89.3 89.1 -9.6 -2.1 0.0 0.0 -0.2 2 CAPITAL GOODS 44.048 98.8 98.8 -1.6 0.0 -0.3 -0.2 0.0 20 Electric & electrical generating Equipment 4.471 101.9 101.3 1.0 0.3 0.1 -0.4 -0.6 21 Nonelectrical machinery 34.115 95.8 95.9 -2.5 -0.1 -0.4 -0.2 0.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 9.778 102.3 102.3 0.6 0.1 0.0 0.0 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 11.961 102.5 102.5 0.5 0.0 0.1 -0.2 0.0 40 Nondurables, manufactured 6.303 102.1 102.2 0.6 -0.1 0.1 0.0 0.1 41 Durables, manufactured 5.082 101.7 101.6 -0.1 -0.1 -0.1 -0.3 -0.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for November and December 1997 and January 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, February 1997-February 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. SITC Description 1997 1997 1997 1997 1998 Rev. 3 January January February to to to to to 1998 1998 1998 Feb. Nov. Dec. Jan. Feb. 1/ 2/ 1998 1997 1997 1998 1998 ALL COMMODITIES 100.000 95.4 94.6 -6.1 -0.4 -1.0 -1.2 -0.8 0 FOOD AND LIVE ANIMALS 4.125 99.2 97.7 0.5 -1.0 0.2 -0.4 -1.5 01 Meat and meat preparations 0.356 101.3 101.3 3.5 0.0 1.5 -2.8 0.0 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 1.063 105.4 106.6 6.5 -0.1 -1.6 -0.2 1.1 05 Vegetables, fruit and nuts, fresh or dried 1.107 102.9 94.3 -9.4 0.7 -1.3 0.4 -8.4 07 Coffee, tea, cocoa, spices and manufactures thereof 0.672 93.9 96.8 12.8 -6.4 6.8 2.0 3.1 3/ Other food and live animals (9612=100) 0.927 96.2 96.0 -3.0 -0.8 -0.9 -2.0 -0.2 1 BEVERAGES AND TOBACCO 0.874 109.0 109.5 2.6 0.5 0.2 0.4 0.5 11 Beverages 0.734 105.4 105.9 2.8 0.7 0.1 0.2 0.5 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 2.899 91.7 95.7 -6.3 -0.8 -0.5 -1.9 4.4 23 Crude rubber (including synthetic and reclaimed) 0.222 65.3 70.4 -20.1 -1.7 -2.9 -5.5 7.8 24 Cork and wood 1.024 109.7 110.0 -12.3 0.8 -0.8 -3.0 0.3 25 Pulp and waste paper 0.388 68.3 64.6 -1.7 0.3 -0.7 -0.6 -5.4 28 Metalliferous ores and metal scrap 0.628 100.3 100.0 -2.5 -1.2 -0.2 -2.0 -0.3 29 Crude animal and vegetable materials, n.e.s. (9612=100) 0.287 108.6 158.2 6.7 -7.4 2.1 1.5 45.7 3/ Other crude materials, inedible, except fuels (9612=100) 0.350 95.2 94.6 -1.0 -0.4 -0.1 -0.9 -0.6 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 8.417 94.5 88.1 -31.2 -1.1 -7.4 -8.7 -6.8 33 Petroleum, petroleum products and related materials 7.083 90.8 83.9 -32.2 -3.3 -7.0 -9.5 -7.6 34 Gas, natural and manufactured 1.207 127.6 124.2 -27.2 13.4 -10.9 -4.3 -2.7 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 5.583 94.1 93.9 -4.1 -0.4 0.0 -1.2 -0.2 51 Organic chemicals 1.593 94.0 92.9 -6.4 0.0 0.0 -1.4 -1.2 52 Inorganic chemicals 0.650 93.0 93.0 -9.4 -0.7 -1.7 -4.4 0.0 53 Dyeing, tanning and coloring materials 0.290 95.3 94.7 -2.8 2.2 0.7 -1.8 -0.6 54 Medicinal and pharmaceutical products 0.931 96.4 95.6 -1.0 0.0 0.6 -0.4 -0.8 55 Essential oils; polishing and cleansing preps 0.324 96.2 96.3 -2.4 -0.8 0.9 -1.3 0.1 57 Plastics in primary forms 0.377 92.4 96.5 4.4 -1.2 0.4 0.4 4.4 58 Plastics in nonprimary forms 0.535 82.4 82.4 -3.9 -3.5 -0.1 -0.5 0.0 59 Chemical materials and products, n.e.s. 0.668 102.8 102.3 -2.3 0.0 0.3 -0.3 -0.5 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 12.668 95.1 94.7 -0.7 -0.1 -0.6 -0.9 -0.4 62 Rubber manufactures, n.e.s. 0.732 95.2 95.2 -2.8 0.1 0.1 -0.3 0.0 63 Cork and wood manufactures other than furniture 0.561 97.3 94.4 -6.1 1.0 -1.8 -1.8 -3.0 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.610 86.7 86.7 3.5 1.0 -1.3 -2.0 0.0 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.432 98.9 97.6 -2.8 0.2 -1.0 -0.3 -1.3 66 Nonmetallic mineral manufactures, n.e.s. 2.164 101.3 100.7 -2.8 0.0 -0.5 -0.4 -0.6 67 Iron and steel 2.080 95.9 95.9 -0.1 0.1 0.0 -0.4 0.0 68 Nonferrous metals 1.914 90.5 90.4 3.1 -2.0 -1.4 -1.7 -0.1 69 Manufactures of metals, n.e.s. 2.008 97.9 97.5 -2.4 -0.2 0.2 -0.6 -0.4 7 MACHINERY AND TRANSPORT EQUIPMENT 47.217 93.6 93.2 -3.7 -0.2 -0.3 -0.4 -0.4 71 Power generating machinery and equipment (9612=100) 3.072 99.8 99.7 -0.1 0.4 -0.4 0.8 -0.1 72 Machinery specialized for particular industries 2.742 98.8 98.1 -2.5 0.4 0.1 -0.3 -0.7 73 Metalworking machinery 0.844 98.3 97.6 -2.6 0.4 0.4 -0.4 -0.7 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.476 97.0 96.4 -3.2 -0.1 0.0 -0.3 -0.6 75 Computer equipment and office machines 6.950 75.3 74.3 -13.2 -0.5 0.1 -2.0 -1.3 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.595 91.4 91.3 -3.6 -0.4 -0.2 -0.3 -0.1 77 Electrical machinery and equipment 9.483 86.1 86.0 -4.7 -1.0 -1.4 -0.5 -0.1 78 Road vehicles 14.984 101.4 101.4 0.8 0.0 -0.1 -0.1 0.0 8 MISCELLANEOUS MANUFACTURED ARTICLES 17.792 99.6 99.5 -0.8 -0.2 0.0 -0.1 -0.1 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s. 0.393 96.0 95.4 -3.3 0.2 0.2 -0.3 -0.6 82 Furniture and parts thereof 1.297 103.3 103.1 1.2 0.1 0.0 0.2 -0.2 83 Travel goods, handbags and similar containers 0.516 101.2 100.7 -0.4 -0.3 -0.4 0.9 -0.5 84 Articles of apparel and clothing accessories 5.987 103.0 102.8 1.3 -0.3 0.0 0.2 -0.2 85 Footwear 1.815 101.2 101.1 -0.6 0.0 0.2 0.0 -0.1 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.607 95.7 96.5 -2.2 0.1 -0.1 -0.6 0.8 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.349 92.3 92.2 -4.0 -0.9 0.5 -0.9 -0.1 89 Miscellaneous manufactured articles, n.e.s. 4.828 97.9 97.4 -2.7 -0.3 0.0 -0.3 -0.5 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for November and December 1997 and January 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, February 1997-February 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Feb. Oct. Nov. Dec. Jan. SITC Description 1997 1997 1997 1997 1998 Rev. 3 January January February to to to to to 1998 1998 1998 Feb. Nov. Dec. Jan. Feb. 1/ 2/ 1998 1997 1997 1998 1998 ALL COMMODITIES 100.000 97.5 97.3 -2.3 0.0 -0.4 -0.7 -0.2 0 FOOD AND LIVE ANIMALS 7.441 94.9 92.4 -9.7 -0.9 -0.9 -1.9 -2.6 01 Meat and meat preparations 1.100 91.3 90.8 -3.9 0.9 -1.6 -3.5 -0.5 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 0.549 89.6 80.7 -10.5 -3.4 -2.5 -3.8 -9.9 04 Cereals and cereal preparations 2.655 88.9 91.5 -11.0 1.5 -0.5 -5.8 2.9 05 Vegetables, fruit and nuts, fresh or dried 1.430 99.8 88.2 -13.4 -4.9 -1.5 8.5 -11.6 08 Feeding stuff for animals (not including unmilled cereals) 0.762 107.9 104.9 -14.6 -1.5 -1.0 -4.9 -2.8 09 Miscellaneous edible products and preparations 0.393 104.9 104.8 1.4 0.6 0.3 0.0 -0.1 3/ Other food and live animals (9612=100) 0.551 102.8 98.3 -3.5 -3.5 0.8 1.5 -4.4 1 BEVERAGES AND TOBACCO 1.503 100.0 100.2 -0.2 0.1 -0.3 -0.6 0.2 12 Tobacco and tobacco manufactures 1.236 99.7 99.9 -0.5 0.0 -0.4 -0.7 0.2 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 5.537 84.8 85.3 -7.5 0.2 -1.2 -3.4 0.6 21 Hides, skins and furskins, raw 0.266 80.9 83.3 -27.4 2.0 -1.0 -21.2 3.0 22 Oil seeds and oleaginous fruits 1.215 110.8 113.1 -10.7 9.1 -1.4 -4.9 2.1 24 Cork and wood 0.903 86.0 86.0 -12.5 -3.2 -0.1 0.4 0.0 25 Pulp and waste paper 0.746 64.2 65.4 10.1 -1.6 -2.2 -3.9 1.9 26 Textile fibers and their waste 0.783 78.2 78.0 -6.3 -2.6 -1.5 -2.2 -0.3 27 Crude fertilizers and crude minerals 0.336 97.5 97.2 -0.4 -0.1 -0.4 0.1 -0.3 28 Metalliferous ores and metal scrap 0.855 82.1 81.4 -8.3 -4.6 -2.3 -2.1 -0.9 3/ Other crude materials, inedible, except fuels (9612=100) 0.433 102.0 100.6 -2.0 1.4 -0.6 0.8 -1.4 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 2.133 109.5 108.7 -3.2 -0.5 0.7 -2.9 -0.7 32 Coal, coke and briquettes 0.692 101.0 101.3 -0.9 -0.4 -0.5 -0.3 0.3 33 Petroleum, petroleum products and related materials 1.277 116.1 114.4 -5.8 -1.0 -1.0 -2.4 -1.5 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.494 104.5 101.3 3.8 9.1 -0.3 -1.9 -3.1 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 10.808 94.8 94.5 -2.0 -0.2 -0.3 -0.1 -0.3 51 Organic chemicals 2.497 82.0 81.2 -5.4 -0.1 -0.1 -1.8 -1.0 52 Inorganic chemicals 0.868 102.6 102.9 2.9 0.7 0.0 3.4 0.3 53 Dyeing, tanning and coloring materials 0.498 102.3 102.3 0.5 0.0 0.0 -0.4 0.0 54 Medicinal and pharmaceutical products 1.240 101.9 101.6 0.4 0.1 0.0 1.0 -0.3 55 Essential oils; polishing and cleansing preps 0.749 101.3 102.0 -0.5 -1.4 -0.2 -0.6 0.7 56 Fertilizers (9612=100) 0.555 93.8 92.4 -5.7 -0.7 0.2 -0.4 -1.5 57 Plastics in primary forms 1.825 92.9 92.5 -3.4 -0.3 -0.5 -0.2 -0.4 58 Plastics in nonprimary forms 0.841 100.1 100.0 1.6 -0.2 0.2 1.4 -0.1 59 Chemical materials and products, n.e.s. 1.736 101.9 101.6 -1.5 -0.4 -1.1 0.0 -0.3 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.763 98.3 98.6 1.1 0.2 -0.3 -0.3 0.3 62 Rubber manufactures, n.e.s. 0.667 101.8 101.8 -0.8 -0.1 -0.1 -0.2 0.0 63 Cork and wood manufactures other than furniture 0.291 91.0 91.1 -0.7 -0.4 0.9 -1.0 0.1 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.537 84.7 85.0 2.2 -0.1 -0.1 -0.5 0.4 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.424 103.6 103.5 0.8 -0.3 0.3 0.4 -0.1 66 Nonmetallic mineral manufactures, n.e.s. 1.332 106.7 107.3 3.1 0.2 0.8 -0.4 0.6 67 Iron and steel 1.103 102.2 102.2 -0.9 0.4 -0.4 -1.0 0.0 68 Nonferrous metals 1.251 89.4 91.1 -1.4 1.6 -2.6 -1.8 1.9 69 Manufactures of metals, n.e.s. 2.005 105.5 105.7 3.4 -0.1 -0.4 1.1 0.2 7 MACHINERY AND TRANSPORT EQUIPMENT 50.363 99.7 99.6 -0.9 0.1 -0.3 -0.1 -0.1 71 Power generating machinery and equipment 4.296 106.8 106.8 1.5 0.1 -0.1 0.6 0.0 72 Machinery specialized for particular industries 4.691 104.6 105.1 1.3 0.0 0.4 -0.3 0.5 73 Metalworking machinery 0.973 106.1 106.2 2.6 0.8 0.2 0.5 0.1 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 5.037 105.6 105.6 1.7 0.0 0.0 0.2 0.0 75 Computer equipment and office machines 6.386 80.8 80.5 -7.4 -0.4 -1.3 -1.0 -0.4 76 Telecommunications & sound recording & reproducing apparatus & equipment 3.780 98.7 98.6 -1.6 -0.1 -0.7 0.0 -0.1 77 Electrical machinery and equipment 11.634 94.2 93.9 -3.1 0.1 -0.4 -0.3 -0.3 78 Road vehicles 9.102 102.0 102.0 0.5 0.1 0.1 0.0 0.0 8 MISCELLANEOUS MANUFACTURED ARTICLES 11.248 101.6 101.7 0.2 0.0 0.0 -0.2 0.1 82 Furniture and parts thereof 0.636 103.9 104.3 1.8 0.0 0.0 0.1 0.4 84 Articles of apparel and clothing accessories 1.281 103.6 103.6 2.3 0.0 0.2 0.1 0.0 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.712 103.5 103.7 0.0 0.0 0.2 0.0 0.2 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s. 0.936 97.5 97.5 -1.2 0.0 -0.2 -0.5 0.0 89 Miscellaneous manufactured articles, n.e.s. 4.224 99.9 99.8 -0.2 -0.1 -0.1 -0.3 -0.1 3/ Other miscellaneous manufactured articles (9612=100) 0.459 101.4 102.1 1.4 0.2 0.1 0.0 0.7 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for November and December 1997 and January 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, February 1997-February 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Feb. Oct. Nov. Dec. Jan. nized Description 1997 1997 1997 1997 1998 System January January February to to to to to 1998 1998 1998 Feb. Nov. Dec. Jan. Feb. 1/ 2/ 1998 1997 1997 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS 1.607 102.3 102.9 4.7 0.0 -1.8 -0.3 0.6 02 Meat and edible meat offal 0.279 97.7 97.5 4.6 0.2 0.2 -2.9 -0.2 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.942 106.9 107.9 7.1 0.6 -2.0 0.7 0.9 3/ Other live animals and animal products (9612=100) 0.386 97.7 97.9 -0.8 -1.6 -2.6 -0.8 0.2 II VEGETABLE PRODUCTS 1.626 92.6 92.1 -2.7 -0.5 -0.1 -0.1 -0.5 07 Edible vegetables and certain roots and tubers 0.337 122.3 91.6 -7.2 6.3 -0.7 -4.7 -25.1 08 Edible fruit and nuts; peel of citrus fruit or melons 0.440 95.9 96.5 -9.5 -0.4 -2.8 2.5 0.6 09 Coffee, tea, mate and spices 0.434 87.7 87.5 11.3 -2.8 3.1 1.2 -0.2 3/ Other vegetable products 0.415 93.8 110.6 -4.5 -3.7 0.1 -0.2 17.9 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 2.103 101.1 101.2 -0.4 0.0 -0.1 -0.7 0.1 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.273 89.3 88.4 -9.1 -2.1 1.6 0.3 -1.0 22 Beverages, spirits, and vinegar 0.762 104.1 104.6 1.6 1.2 0.0 0.0 0.5 3/ Other prepared foodstuffs (9612=100) 1.068 99.9 100.1 0.8 -0.4 -0.5 -1.5 0.2 V MINERAL PRODUCTS 9.070 95.2 89.2 -29.8 -0.8 -7.3 -8.0 -6.3 26 Ores, slag and ash 0.298 101.7 101.6 2.3 -0.1 0.0 -0.7 -0.1 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 8.536 94.7 88.4 -31.2 -0.9 -7.6 -8.5 -6.7 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 5.250 97.2 96.5 -4.4 -0.2 0.1 -1.3 -0.7 28 Inorganic chemicals 0.828 97.9 97.4 -7.1 -0.9 -1.5 -4.0 -0.5 29 Organic chemicals 2.013 94.3 93.6 -5.3 -0.3 0.1 -1.3 -0.7 30 Pharmaceutical products 0.572 103.1 101.1 -0.5 0.2 1.1 -0.4 -1.9 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.288 93.7 92.9 -3.3 1.3 0.8 -2.1 -0.9 37 Photographic or cinematographic goods 0.357 96.9 96.6 -1.3 0.0 -0.1 -1.2 -0.3 38 Miscellaneous chemical products (9612=100) 0.426 98.5 97.8 -2.1 0.0 0.7 0.0 -0.7 3/ Other products of the chemical or allied industries (9612=100) 0.765 95.9 96.2 -4.2 0.0 0.7 0.0 0.3 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.796 90.0 90.6 -3.4 -0.9 -0.2 -0.4 0.7 39 Plastics and articles thereof 1.754 93.6 93.8 -0.5 -1.1 0.1 0.0 0.2 40 Rubber and articles thereof 1.042 84.8 85.8 -7.8 -0.5 -0.8 -0.9 1.2 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 1.026 103.1 102.6 -1.2 -0.3 -0.4 0.5 -0.5 42 Articles of leather; travel goods, bags, etc. of various materials 0.825 101.2 100.7 -0.6 -0.5 -0.3 0.5 -0.5 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.626 103.3 102.8 -10.3 0.9 -0.8 -2.8 -0.5 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.377 84.0 83.2 1.0 0.7 -1.0 -1.4 -1.0 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.389 69.0 65.2 -2.1 0.0 -0.4 -0.7 -5.5 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.630 87.6 87.7 2.8 1.0 -1.4 -1.8 0.1 49 Printed matter 0.358 99.3 98.9 -3.6 0.3 0.3 -1.1 -0.4 XI TEXTILE AND TEXTILE ARTICLES 7.063 101.7 101.2 0.5 -0.2 -0.2 0.1 -0.5 61 Articles of apparel and clothing accessories, knitted or crocheted 2.090 101.9 101.8 1.2 0.0 0.0 0.4 -0.1 62 Articles of apparel and clothing accessories, not knitted or crocheted 3.407 104.0 103.6 1.5 -0.5 0.1 0.2 -0.4 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.339 94.4 93.9 -4.0 0.0 -3.9 -0.3 -0.5 3/ Other textile & textile articles (9612=100) 1.228 100.1 98.7 -1.8 0.1 -0.2 -0.5 -1.4 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 2.122 101.4 101.2 -0.4 0.1 0.1 0.0 -0.2 64 Footwear, gaiters and the like; parts of such articles 1.827 101.0 100.9 -0.7 0.1 0.1 0.0 -0.1 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 0.295 101.5 101.5 1.5 0.2 -0.1 -0.6 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.161 101.6 100.8 -3.4 0.0 -0.3 -0.2 -0.8 69 Ceramic products 0.442 99.1 97.7 -4.3 -0.4 0.2 0.0 -1.4 70 Glass and glassware 0.447 100.9 100.8 -4.9 0.2 -1.1 -0.2 -0.1 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 2.185 95.9 97.0 0.5 0.1 -1.5 -0.7 1.1 XV BASE METALS AND ARTICLES OF BASE METAL 5.865 92.8 92.3 -2.6 -1.2 -0.1 -1.4 -0.5 72 Iron and steel 1.789 95.1 95.0 0.3 0.2 0.0 -0.2 -0.1 73 Articles of iron or steel 1.307 96.4 96.1 -3.2 -0.3 0.2 -0.6 -0.3 74 Copper and articles thereof 0.410 74.2 73.2 -13.0 -0.9 -2.8 -3.6 -1.3 76 Aluminum and articles thereof 0.980 91.6 90.2 -3.4 0.2 0.4 -2.4 -1.5 83 Miscellaneous articles of base metal 0.418 100.8 100.9 -1.7 -0.3 0.9 -1.8 0.1 3/ Miscellaneous nonferrous metals and articles, including scrap (9612=100) 0.510 99.5 98.4 -2.4 -10.4 -1.5 -4.2 -1.1 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 30.264 87.7 87.2 -6.9 -0.4 -0.7 -0.9 -0.6 84 Specialized machinery & computer equipment 15.829 88.5 87.7 -8.6 0.0 -0.2 -1.2 -0.9 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 14.435 86.9 86.7 -5.0 -1.0 -1.0 -0.5 -0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 16.226 101.4 101.4 0.5 0.1 -0.2 -0.1 0.0 87 Motor vehicles and their parts 15.323 101.1 101.1 0.5 0.0 -0.1 -0.2 0.0 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES 3.596 93.2 93.5 -2.7 -0.4 0.4 -0.5 0.3 90 Optical, photographic, measuring and medical instruments 3.071 93.1 93.4 -2.7 -0.1 0.2 -0.5 0.3 91 Clocks and watches and parts thereof 0.382 93.7 94.1 -2.6 -3.1 2.6 -0.3 0.4 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.789 99.6 99.4 -0.6 0.0 0.0 -0.2 -0.2 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.636 100.3 100.1 0.1 0.1 0.0 0.0 -0.2 95 Toys, games and sports equipment; parts and accessories thereof 1.863 100.1 99.9 -1.0 0.0 0.0 -0.2 -0.2 96 Miscellaneous manufactured articles 0.290 93.4 93.1 -1.2 -0.3 0.4 -0.7 -0.3 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for November and December 1997 and January 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, February 1997-February 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Feb. Oct. Nov. Dec. Jan. nized Description 1997 1997 1997 1997 1998 System January January February to to to to to 1998 1998 1998 Feb. Nov. Dec. Jan. Feb. 1/ 2/ 1998 1997 1997 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS 1.859 92.2 88.5 -7.1 -0.5 -0.9 -3.4 -4.0 02 Meat & edible meat offal 1.010 88.1 88.2 -4.6 0.6 -1.7 -4.1 0.1 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.488 87.5 76.8 -12.8 -2.4 -0.9 -4.9 -12.2 3/ Other live animals and animal products (9612=100) 0.361 98.3 93.6 -6.9 -0.9 1.5 1.1 -4.8 II VEGETABLE PRODUCTS 5.203 96.4 95.7 -10.1 1.5 -0.7 -2.5 -0.7 07 Edible vegetables and certain roots and tubers 0.403 126.5 87.9 -8.0 10.5 -8.0 31.1 -30.5 08 Edible fruit and nuts; peel of citrus fruit or melons 0.689 93.2 90.4 -10.6 -12.4 5.5 -0.5 -3.0 10 Cereals 2.431 87.7 90.5 -11.6 1.6 -0.5 -6.2 3.2 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.419 112.6 114.4 -8.6 8.2 -1.8 -3.8 1.6 III ANIMAL OR VEGETABLE FATS AND OILS 0.540 106.1 103.0 5.5 9.2 0.5 -1.9 -2.9 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.464 100.4 99.6 -5.5 -0.8 -0.2 -1.0 -0.8 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.333 92.6 91.7 -16.6 -2.4 1.1 2.4 -1.0 21 Miscellaneous edible preparations 0.366 105.9 105.9 1.7 -0.6 0.3 0.0 0.0 22 Beverages, spirits, and vinegar 0.333 99.6 99.6 -0.1 0.2 -0.2 0.0 0.0 23 Residues and waste from the food industries; prepared animal feed 0.678 103.6 99.6 -18.2 -2.0 -0.9 -4.9 -3.9 24 Tobacco and manufactured tobacco substitutes 1.244 99.8 100.0 -0.4 0.0 -0.4 -0.6 0.2 3/ Other prepared foods 0.510 101.9 101.9 1.6 -0.3 0.0 -0.2 0.0 V MINERAL PRODUCTS 2.721 106.2 105.1 -4.8 -1.7 -0.2 -2.1 -1.0 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 2.187 110.5 109.6 -4.4 -0.8 0.3 -2.6 -0.8 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 8.757 95.3 95.0 -2.6 0.0 -0.4 -0.6 -0.3 28 Inorganic chemicals 0.934 101.7 101.8 -0.3 0.9 -0.2 -0.4 0.1 29 Organic chemicals 2.796 85.0 84.2 -5.7 0.0 -0.1 -2.1 -0.9 30 Pharmaceutical products 0.911 103.2 103.2 2.2 0.1 0.0 2.8 0.0 31 Fertilizers (9612=100) 0.617 93.8 92.4 -5.7 -0.7 0.2 -0.4 -1.5 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.507 101.9 102.0 0.5 0.0 -0.1 -0.4 0.1 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.527 102.0 103.4 0.6 -0.8 -0.3 -1.0 1.4 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.319 104.1 103.1 1.7 0.1 0.0 1.0 -1.0 37 Photographic or cinematographic goods 0.424 93.6 93.5 -3.8 0.1 -0.4 -1.3 -0.1 38 Miscellaneous chemical products 1.499 100.4 100.4 -2.5 -0.4 -1.5 -0.6 0.0 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.334 96.3 96.1 -1.6 -0.1 -0.2 0.1 -0.2 39 Plastics and articles thereof 3.438 95.8 95.6 -1.2 -0.1 -0.2 0.1 -0.2 40 Rubber and articles thereof 0.896 98.2 98.2 -2.8 -0.3 -0.1 0.0 0.0 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.507 86.4 86.4 -18.0 1.1 -0.5 -11.7 0.0 41 Raw hides and skins (other than furskins) and leather 0.356 81.4 81.4 -19.5 1.7 -0.7 -15.9 0.0 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.218 87.8 87.7 -10.0 -2.4 0.1 0.1 -0.1 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 3.006 78.7 78.9 4.2 -0.1 -0.5 -1.0 0.3 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.703 62.8 62.5 8.5 -0.7 -2.0 -3.5 -0.5 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.506 85.4 85.8 3.2 0.1 0.0 -0.2 0.5 49 Printed material 0.798 106.7 107.3 2.8 0.0 0.3 -0.3 0.6 XI TEXTILE AND TEXTILE ARTICLES 3.240 92.9 92.8 -0.4 -0.7 -0.1 -0.4 -0.1 52 Cotton, including yarns and woven fabrics thereof 0.675 78.1 77.5 -7.8 -3.0 -1.4 -2.0 -0.8 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. 0.852 103.0 104.0 0.7 -0.2 -0.1 0.4 1.0 70 Glass and glassware 0.492 101.7 101.9 0.7 -0.2 0.1 0.4 0.2 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.816 93.1 95.2 -2.2 0.3 -3.1 -1.9 2.3 XV BASE METALS AND ARTICLES OF BASE METALS 4.563 94.5 94.6 -1.0 0.2 -1.1 -0.5 0.1 72 Iron and steel 0.945 90.5 90.0 -4.1 -0.1 -1.2 -1.4 -0.6 73 Articles of iron or steel 1.285 109.8 109.9 6.7 -0.2 -0.4 1.7 0.1 74 Copper and articles thereof 0.369 70.3 69.4 -19.0 -0.4 -4.1 -5.4 -1.3 76 Aluminum and articles thereof 0.878 88.1 88.9 -0.4 1.9 -1.4 -1.3 0.9 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof 0.417 104.1 103.6 -0.3 -0.1 0.2 0.7 -0.5 83 Miscellaneous articles of base metal 0.374 100.0 100.4 0.9 0.2 -1.4 -0.1 0.4 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 36.734 95.8 95.7 -2.4 -0.1 -0.4 -0.3 -0.1 84 Specialized machinery & computer equipment 20.386 96.5 96.5 -2.0 -0.1 -0.3 -0.4 0.0 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 16.348 94.9 94.7 -2.9 0.1 -0.5 -0.3 -0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 13.776 105.0 105.0 1.4 0.2 0.0 0.1 0.0 87 Motor vehicles and their parts 9.531 102.1 102.1 0.5 0.1 0.1 0.0 0.0 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES 5.408 102.3 102.5 -0.1 -0.1 0.2 0.1 0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.784 102.4 102.6 1.0 0.2 0.0 0.0 0.2 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.875 103.9 104.5 1.7 0.3 -0.1 0.1 0.6 95 Toys, games and sports equipment; parts and accessories thereof 0.735 101.0 100.7 0.2 0.1 0.0 0.0 -0.3 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for November and December 1997 and January 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, February 1997-February 1998 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports Feb. Oct. Nov. Dec. Jan. Description 1/ 1997 1997 1997 1997 1998 1995 Jan. Feb. to to to to to 1998 1998 Feb. Nov. Dec. Jan. Feb. 2/ 1998 1997 1997 1998 1998 3/ Developed Countries 55.6 96.1 95.7 -3.7 0.1 -0.4 -0.9 -0.4 Manufactured Goods 52.2 96.1 96.0 -2.1 0.1 -0.1 -0.7 -0.1 Nonmanufactured Goods 3.1 99.9 95.4 -23.9 0.2 -5.1 -4.1 -4.5 3/ Developing Countries 42.7 97.2 96.1 -7.7 -1.3 -1.7 -1.8 -1.1 Manufactured Goods 35.4 96.7 96.3 -3.8 -0.8 -0.6 -0.7 -0.4 Nonmanufactured Goods 7.1 94.4 90.3 -23.8 -3.5 -6.2 -7.2 -4.3 Canada 18.9 98.0 97.3 -3.6 -0.2 -1.1 -0.4 -0.7 Manufactured Goods 16.5 97.9 97.7 -0.2 -0.2 -0.2 -0.1 -0.2 Nonmanufactured Goods 2.2 102.5 98.3 -22.8 0.4 -7.1 -2.6 -4.1 4/ European Union 17.0 100.7 100.4 -2.1 0.4 0.2 -0.5 -0.3 Manufactured Goods 16.4 100.9 100.8 -0.9 0.4 0.2 -0.1 -0.1 Nonmanufactured Goods 0.5 97.1 91.8 -30.3 1.2 -0.1 -10.7 -5.5 5/ Latin America (9712=100) 14.1 97.5 96.4 n.a. n.a. n.a. -2.5 -1.1 Manufactured Goods (9712=100) 10.4 99.0 98.2 n.a. n.a. n.a. -1.0 -0.8 Nonmanufactured Goods (9712=100) 3.5 92.7 90.8 n.a. n.a. n.a. -7.3 -2.0 Japan 16.6 90.0 89.8 -5.1 -0.2 -0.7 -1.1 -0.2 6/ Asian Newly Industrialized Countries 10.9 90.8 90.6 -5.9 -1.2 -0.8 -1.3 -0.2 1 Regions are not mutually exclusive. 2 Data for November and December 1997 and January 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. December 1996-December 1997 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade Dec. Dec. March June Sept. Description (Mil. 1996 1996 1997 1997 1997 of Sept. Dec. to to to to to Dollars) 1997 1997 Dec. March June Sept. Dec. 1997 1997 1997 1997 1997 IMPORT Air Freight 3188 88.6 86.6 -9.4 -5.8 0.3 -2.0 -2.3 Atlantic 1278 86.4 90.2 -8.1 -7.1 -1.0 -4.3 4.4 Pacific 1674 91.5 84.7 -10.7 -4.5 1.4 -0.3 -7.4 Air Passenger Fares 11127 111.5 104.3 4.3 0.5 12.6 -1.5 -6.5 1/ Atlantic 4922 122.1 100.4 2.0 1.9 20.8 0.7 -17.8 1/ Pacific 2340 100.5 106.2 7.3 -0.9 13.6 -9.8 5.7 1/ Latin American / Caribbean 3021 105.9 105.2 1.1 1.0 1.0 -0.2 -0.7 1/ Crude Oil Tanker Freight 1346 92.0 n.a. n.a. 5.8 2.2 -9.7 n.a. Ocean Liner Freight 9868 95.3 93.5 -5.2 -0.6 -0.9 -1.9 -1.9 U.S. East Coast 4271 98.3 96.7 -4.9 -1.2 0.1 -2.3 -1.6 from Atlantic 1952 98.3 96.7 -6.0 -2.4 -0.5 -1.6 -1.6 from Pacific 1774 97.0 94.8 -5.6 -0.2 0.6 -3.8 -2.3 U.S. West Coast 5596 92.4 90.6 -5.3 -0.3 -1.6 -1.6 -1.9 from Pacific 5126 92.2 90.3 -4.8 0.1 -1.6 -1.4 -2.1 EXPORT Air Freight (9612 = 100) 2562 96.6 92.4 -7.6 n.a. -0.7 -1.2 -4.3 Air Passenger Fares 17272 100.0 92.1 -7.6 -9.9 14.7 -2.9 -7.9 1/ Atlantic 4120 109.5 101.4 -3.2 -5.8 11.3 -0.2 -7.4 1/ Pacific 10700 86.4 78.1 -12.8 -15.7 20.7 -5.2 -9.6 Latin American / Caribbean 1392 107.5 106.5 4.8 0.2 5.0 0.6 -0.9 Canadian 1006 157.5 147.0 0.8 6.3 1.3 0.3 -6.7 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. December 1996-December 1997 1995 = 100 Index Percent Change Annual Quarterly Trade Dec. Dec. March June Sept. Description (Mil. 1996 1996 1997 1997 1997 of Sept. Dec. to to to to to Dollars) 1997 1997 Dec. March June Sept. Dec. 1997 1997 1997 1997 1997 Air Freight (Inbound) 5495 88.5 86.5 -8.9 -5.8 0.4 -1.6 -2.3 Atlantic 1880 85.6 89.6 -7.2 -7.1 -0.9 -3.7 4.7 Pacific 3151 91.0 84.9 -9.7 -4.5 1.4 -0.1 -6.7 Air Freight (Outbound) 5835 99.6 98.0 -1.2 0.6 -0.6 0.4 -1.6 Atlantic 2080 101.1 101.1 2.1 0.9 -0.5 1.7 0.0 Pacific 3222 99.7 96.7 -3.5 0.1 -0.3 -0.3 -3.0 Air Passenger Fares (U.S. Carrier) 30673 109.2 99.5 -2.1 -4.4 15.4 -2.6 -8.9 1/ Atlantic 8811 119.0 97.8 -1.8 -2.1 21.3 0.6 -17.8 1/ Pacific 15900 95.9 90.2 -5.1 -9.1 18.2 -6.1 -5.9 1/ Latin American / Caribbean 4542 110.5 109.2 6.1 3.8 2.6 0.8 -1.2 Canadian 1367 162.2 154.1 0.3 1.4 3.5 0.6 -5.0 Air Passenger Fares (Foreign Carrier) 31694 104.6 99.7 -1.0 -2.2 7.7 -1.4 -4.7 1/ Atlantic 13572 111.6 100.5 0.2 -3.2 13.5 1.3 -9.9 1/ Pacific 12570 91.0 89.2 -5.3 -2.0 4.4 -5.6 -2.0 1/ Latin American / Caribbean 4224 104.4 104.8 1.2 0.9 0.3 -0.4 0.4 1/ Crude Oil Tanker Freight (Inbound) 1949 97.8 n.a. n.a. 7.2 0.8 -9.6 n.a. Ocean Liner Freight (Inbound) 12253 94.9 92.9 -5.6 -0.8 -0.8 -2.0 -2.1 U.S. East Coast 5410 97.0 95.7 -5.9 -1.9 -0.2 -2.6 -1.3 from Atlantic 2647 96.0 94.8 -6.5 -2.0 -0.7 -2.7 -1.3 from Pacific 1874 95.2 93.1 -5.5 -0.1 0.5 -3.7 -2.2 U.S. West Coast 6844 92.8 90.2 -5.5 0.0 -1.4 -1.4 -2.8 from Pacific 6347 92.7 90.1 -5.0 0.3 -1.3 -1.3 -2.8 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. If you would like to be added to the mailing list for more detailed index and percent change tables, please fill out the form below and mail or fax it to the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212 Phone Number: (202) 606-7155 Fax Number: (202) 606-7179 IPP Order Form Please add my name to the mailing list for the following publications. 1. Monthly News Release ______ 2. Harmonized System Indexes ______ 3. SITC Indexes ______ 4. BEA End-Use Indexes ______ 5. Locality of Origin Indexes ------ 6. Services Indexes ------ Name______________________________________________ Address___________________________________________ ____________________________________ ____________________________________ ____________________________________ Phone Number ( ) ______________________