Technical Information: USDL-07-0675 (202) 691-7101 Transmission of This Media contact: Material Is Embargoed (202) 691-5902 Until 8:30 A.M. E.D.T. Internet Address: http://www.bls.gov/mxp Thursday, May 10, 2007 U.S. IMPORT AND EXPORT PRICE INDEXES - APRIL 2007 - The U.S. Import Price Index rose 1.3 percent in April, the Bureau of Labor Statistics of the U.S. Department of Labor reported today, following a 1.5 percent advance in March. For the second consecutive month the increase was led by higher petroleum prices. Export prices also increased in April, rising 0.3 percent after a 0.6 percent advance the previous month. Percent changes in import and export price indexes by End Use category -not seasonally adjusted- IMPORTS EXPORTS Month Non- Agri- Nonagri- All Petroleum petroleum All cultural cultural Imports Imports Imports Exports Exports Exports 2006 April 2.1 11.3 0.1 0.7 -0.4 0.7 May 1.8 6.4 0.7 0.7 0.6 0.7 June 0.1 -1.1 0.4 0.7 2.6 0.6 July 0.8 3.6 0.0 0.4 1.9 0.2 August 0.5 1.0 0.5 0.4 0.9 0.5 September -2.2 -11.0 0.1 -0.4 -0.5 -0.4 October -2.5 -10.4 -0.6 -0.3 1.0 -0.5 November 0.4 -1.6 1.0 0.4 4.4 0.1 December 1.1 4.0 0.5 0.6 2.4 0.5 2007 January -1.2 r -6.6 -0.1 0.4 0.6 r 0.5 February 0.4 r 1.7 r 0.0 r 0.8 r 2.8 0.6 r March 1.5 r 8.1 r 0.3 0.6 r 2.0 r 0.5 r April 1.3 6.5 0.2 0.3 -1.3 0.4 April 2005-06 5.8 32.3 0.7 2.5 -0.1 2.6 April 2006-07 1.9 -1.8 2.9 4.9 19.0 3.9 r = revised to reflect late reports and corrections by respondents. Import Goods The 2.8 percent increase in import prices over the past two months drove the index to the highest level recorded since petroleum prices peaked in August 2006. This was largely attributable to the price index for petroleum which rose a further 6.5 percent in April after an 8.1 percent gain in March and a 1.7 percent advance in February. Despite the recent increases, petroleum prices were down 1.8 percent over the past year. Nonpetroleum prices also rose in April, advancing 0.2 percent following a 0.3 percent increase in March. The nonpetroleum price index was up 2.9 percent over the past 12 months. Overall import prices rose 1.9 percent for the year ended in April. The increase last month in nonpetroleum import prices was led by a 0.9 percent advance in the price index for nonpetroleum industrial supplies and materials, which followed a 1.4 percent increase in March. Higher metals prices more than offset falling prices for natural gas and chemicals. Also contributing to the rise in nonpetroleum prices was a 1.4 percent increase in foods, feeds, and beverages prices and a modest 0.1 percent advance in consumer goods prices. The increase in foods, feeds, and beverages prices was largely attributable to a 10.1 percent rise in vegetable prices. In contrast, capital goods prices decreased for the third consecutive month, falling 0.4 percent in April. The decline was led by a 1.8 percent drop in computer prices, the largest monthly decrease for that index since a 2.2 percent drop in July 1999. The price index for automotive vehicles was unchanged in April after recording modest 0.1 percent advances in March and February. Export Goods Export prices rose 0.3 percent in April following 0.6 percent and 0.8 percent increases in March and February, respectively. A 0.4 percent advance in nonagricultural prices more than offset a downturn in agricultural prices. Prices for nonagricultural exports rose for the sixth consecutive month and advanced 3.9 percent for the year ended in April. Overall, export prices increased 4.9 percent for the same period. The increase in nonagricultural prices was led by the continued rise in the price index for nonagricultural industrial supplies and materials, up 1.4 percent in April after advancing 1.8 percent and 2.1 percent in the two previous months. Higher prices for fuels, chemicals, and iron and steel products all contributed to the increase. Prices for the major finished goods indexes were mixed in April. The price indexes for consumer goods and automotive vehicles increased, rising 0.5 percent and 0.1 percent, respectively. In contrast, capital goods prices declined for the second consecutive month, falling 0.1 percent in April. Agricultural prices decreased 1.3 percent in April, the largest decline since a 1.4 percent drop in September 2005. Corn prices, which had trended upward for most of 2007, led the downturn in agricultural prices, falling 14.3 percent in April. Despite the decline, corn prices were up 39.5 percent over the past year. Imports by Locality of Origin Higher petroleum prices in April contributed to increasing prices for imports from Canada and Mexico, which rose 1.4 percent and 2.1 percent, respectively. The increase in prices from Mexico was the largest monthly advance since a 2.3 percent rise in July 2006. Import prices from Canada rose 3.2 percent for the year ended in April, while prices for imports from Mexico increased 3.7 percent. In contrast, import prices from the European Union fell 0.1 percent in April. Higher crude petroleum prices also impacted the index, but that was more than offset by a 0.2 percent decline in the prices for manufactured articles. Prices from the European Union increased 3.4 percent over the past year. The price index for imports from China decreased 0.1 percent in April following a 0.2 percent advance the previous month. Import prices from China declined 0.4 percent for the April 2006-2007 period. Prices for imports from Japan recorded no change in April and fell 0.5 percent over the past 12 months. Import and Export Services Import air passenger fares rose 3.5 percent in April, the largest increase for the index since an 11.4 percent advance in June 2006. Export air passenger fares also increased in April, rising 2.6 percent. In both cases, the increases were led by seasonal factors. The index for import fares rose 4.8 percent for the year ended in April, while export fares increased 9.3 percent for the same period. Prices for import air freight rose 0.7 percent in April, driven by a 0.9 percent advance in Asian air freight prices. Import air freight prices increased 1.4 percent over the past year. Export air freight prices advanced 0.4 percent in April and 3.4 percent over the past 12 months. Export travel and tourism prices, which are lagged one month, rose 2.2 percent in March after a similar 2.4 percent increase in February. CONTENTS OF RELEASE This news release includes the following tables: Table 1 U.S. Import Price Indexes, by End Use Table 2 U.S. Export Price Indexes, by End Use Table 3 U.S. Import Price Indexes, by NAICS Table 4 U.S. Export Price Indexes, by NAICS Table 5 U.S. Import Price Indexes, by Harmonized System Table 6 U.S. Export Price Indexes, by Harmonized System Table 7 U.S. Import Price Indexes, by Locality of Origin Table 8 U.S. International Price Indexes for Selected Transportation Services Table 9 U.S. Export Price Indexes for Travel and Tourism Services ------------------------------------------------------------------- Import and Export Price Index data for May 2007 are scheduled for release on June 13 at 8:30 A.M. (E.D.T.). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods April 2006-April 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance April Dec. Jan. Feb. March END Description 2006 2006 2007 2007 2007 USE March March April to to to to to 2007 2007 2007 April Jan. Feb. March April 1/ 2007 2007 2007 2007 2007 ALL COMMODITIES.......................................... 100.000 115.8 117.3 1.9 -1.2 0.4 1.5 1.3 ALL IMPORTS EXCLUDING PETROLEUM.......................... 82.736 105.9 106.1 2.9 -0.1 0.0 0.3 0.2 ALL IMPORTS EXCLUDING FUELS (Dec. 2001=100)................................... 80.250 108.4 108.6 2.6 0.3 -0.2 0.2 0.2 0 FOODS, FEEDS, & BEVERAGES.............................. 4.384 124.6 126.4 8.8 1.5 0.2 -0.2 1.4 00 Agricultural foods, feeds & beverages, excluding distilled beverages............. 3.320 135.1 137.9 10.7 1.3 -0.1 -0.2 2.1 01 Nonagricultural foods (fish, distilled beverages) 1.064 101.1 100.6 3.1 1.9 1.3 0.0 -0.5 1 INDUSTRIAL SUPPLIES & MATERIALS........................ 35.176 169.3 175.6 3.2 -3.7 1.0 4.5 3.7 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM........................... 17.912 139.2 140.4 9.1 -1.1 0.4 1.4 0.9 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING FUELS (Dec. 2001=100)............... 15.426 146.2 147.7 8.5 0.4 -0.2 0.8 1.0 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE....................................... 9.987 140.9 143.3 11.1 0.5 -0.6 1.3 1.7 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM................ 7.925 136.2 136.1 6.8 -3.1 1.7 1.4 -0.1 10 Fuels & lubricants............................... 19.751 208.5 220.5 -0.3 -7.0 1.9 7.6 5.8 100 Petroleum & petroleum products............... 17.265 212.6 226.5 -1.8 -6.6 1.7 8.1 6.5 10000 Crude................................ 11.899 209.8 221.4 -4.8 -7.4 3.2 5.3 5.5 101 Fuels, n.e.s.-coals & gas.................... 2.094 178.1 175.2 4.7 -12.2 3.8 4.0 -1.6 10110 Gas-natural.......................... 1.933 175.1 171.9 4.8 -13.2 4.1 4.4 -1.8 11 Paper & paper base stocks........................ 0.860 111.5 110.9 1.5 -1.2 0.0 0.1 -0.5 12 Materials associated with nondurable supplies & materials...................... 4.663 124.5 124.2 4.4 0.4 0.6 0.2 -0.2 13 Selected building materials...................... 1.924 111.0 111.6 -5.5 0.8 -0.5 0.1 0.5 14 Unfinished metals related to durable goods....... 4.650 202.7 208.3 25.9 1.0 -0.2 2.6 2.8 15 Finished metals related to durable goods......... 1.691 125.3 128.0 6.1 -0.9 -2.5 0.6 2.2 16 Nonmetals related to durable goods............... 1.638 101.8 101.7 0.7 0.2 0.1 -0.2 -0.1 2 CAPITAL GOODS.......................................... 22.132 91.0 90.6 -0.4 0.0 -0.3 -0.2 -0.4 20 Electric generating equipment.................... 2.689 104.2 104.7 4.4 1.2 -0.1 0.1 0.5 21 Nonelectrical machinery.......................... 17.761 87.2 86.6 -1.4 -0.1 -0.5 -0.2 -0.7 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............ 1.682 109.9 110.1 2.5 0.7 0.1 -0.1 0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 14.160 104.5 104.5 0.9 0.0 0.1 0.1 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES..................................... 24.148 101.3 101.4 1.9 0.2 0.0 0.1 0.1 40 Nondurables, manufactured........................ 11.161 104.2 104.4 1.8 0.8 -0.1 0.1 0.2 41 Durables, manufactured........................... 11.792 98.2 98.2 1.9 -0.2 0.1 0.1 0.0 42 Nonmanufactured consumer goods................... 1.195 102.2 102.2 3.9 0.3 0.0 0.1 0.0 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods April 2006-April 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance April Dec. Jan. Feb. March END Description 2006 2006 2007 2007 2007 USE March March April to to to to to 2007 2007 2007 April Jan. Feb. March April 1/ 2007 2007 2007 2007 2007 ALL COMMODITIES............................................. 100.000 114.6 115.0 4.9 0.4 0.8 0.6 0.3 AGRICULTURAL COMMODITIES.................................... 8.417 144.9 143.0 19.0 0.6 2.8 2.0 -1.3 NONAGRICULTURAL COMMODITIES................................. 91.582 112.5 113.0 3.9 0.5 0.6 0.5 0.4 0 FOODS, FEEDS, & BEVERAGES................................. 7.708 146.7 145.5 20.2 0.2 3.2 2.3 -0.8 00 Agricultural foods, feeds & beverages, excluding distilled beverages................ 7.021 149.0 146.9 21.6 0.2 3.4 2.3 -1.4 01 Nonagricultural foods (fish, distilled beverages)... 0.687 127.8 134.6 9.9 0.1 1.6 1.8 5.3 1 INDUSTRIAL SUPPLIES & MATERIALS........................... 29.841 145.6 147.5 10.2 0.6 2.0 1.7 1.3 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE.......................................... 12.018 160.0 161.5 16.2 1.8 2.4 2.2 0.9 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE....................................... 17.822 137.9 140.1 6.8 -0.1 1.6 1.5 1.6 10 Agricultural industrial supplies & materials........ 1.396 127.8 127.1 8.4 2.7 -0.2 0.6 -0.5 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS.................................. 28.444 146.8 148.9 10.3 0.6 2.1 1.8 1.4 11 Fuels & lubricants.................................. 4.292 190.2 199.8 6.8 -5.3 5.4 3.8 5.0 12 Nonagricultural supplies & materials excluding fuels & building materials......... 23.040 143.4 144.6 11.4 1.7 1.5 1.6 0.8 13 Selected building materials......................... 1.112 112.5 112.7 3.8 0.3 0.4 0.3 0.2 2 CAPITAL GOODS............................................. 39.415 99.0 98.9 0.5 0.3 0.0 -0.1 -0.1 20 Electrical generating equipment..................... 3.700 106.0 106.6 2.0 -0.3 0.0 0.1 0.6 21 Nonelectrical machinery............................. 28.591 92.5 92.1 -0.6 0.1 -0.1 -0.1 -0.4 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............... 7.124 121.1 121.7 4.3 1.3 0.2 0.2 0.5 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES...................... 10.567 105.9 106.0 1.3 0.2 0.1 0.1 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES........................................ 12.469 104.8 105.3 2.6 0.8 0.0 0.0 0.5 40 Nondurables, manufactured........................... 5.901 104.9 105.3 2.5 1.0 0.1 -0.2 0.4 41 Durables, manufactured.............................. 5.484 103.4 104.2 2.8 0.7 -0.2 0.1 0.8 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods April 2006-April 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance April Dec. Jan. Feb. March NAICS Description 2006 2006 2007 2007 2007 March March April to to to to to 2007 2007 2007 April Jan. Feb. March April 1/ 2007 2007 2007 2007 2007 Nonmanufactured Articles...................................... 16.240 101.1 105.9 -1.4 -7.2 3.2 4.2 4.7 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 1.515 109.9 113.6 23.6 2.3 1.6 -1.6 3.4 111 Agricultural products............................. 1.029 107.6 113.2 31.2 3.1 -0.9 -2.2 5.2 21 OIL, GAS, MINERALS AND ORES........................... 14.725 100.3 105.2 -3.2 -8.1 3.3 4.8 4.9 212 Minerals and ores (Dec. 2006=100)................. 0.404 100.5 100.7 n.a. 1.6 -0.2 -0.9 0.2 Manufactured Articles......................................... 83.137 104.0 104.6 3.0 0.1 -0.3 1.1 0.6 31 MANUFACTURED GOODS, PART 1............................ 10.504 102.5 102.8 2.2 0.6 0.1 0.3 0.3 311 Food and kindred products......................... 2.436 107.0 107.8 5.9 1.7 0.6 0.5 0.7 312 Beverages and tobacco products.................... 0.828 102.7 102.6 1.9 0.4 0.1 0.0 -0.1 313 Textiles and fabrics.............................. 0.510 105.3 105.7 3.3 0.4 0.5 0.4 0.4 314 Textile mill products............................. 0.799 100.7 100.5 0.2 0.3 0.1 -0.2 -0.2 315 Apparel and accessories........................... 4.416 100.6 100.7 0.6 0.3 -0.1 0.5 0.1 316 Leather and allied products....................... 1.515 101.2 101.4 1.4 0.1 0.1 -0.1 0.2 32 MANUFACTURED GOODS, PART 2............................ 17.965 105.6 108.0 4.2 -0.2 -0.7 4.0 2.3 321 Wood products..................................... 1.221 89.6 90.5 -9.5 1.0 -1.3 0.0 1.0 322 Paper............................................. 1.396 104.1 103.7 1.3 -1.3 0.2 0.0 -0.4 324 Petroleum and coal products....................... 4.383 107.4 115.7 2.8 -3.5 -3.2 16.9 7.7 325 Chemicals......................................... 7.993 108.3 109.3 8.8 1.2 0.3 0.7 0.9 326 Plastics and rubber products...................... 1.734 103.5 103.2 2.1 -0.1 -0.1 0.2 -0.3 327 Nonmetallic mineral products...................... 1.129 104.8 104.8 2.1 0.9 0.3 0.2 0.0 33 MANUFACTURED GOODS, PART 3............................ 54.668 103.8 103.9 2.8 0.1 -0.3 0.3 0.1 331 Primary metals.................................... 5.433 138.8 142.8 26.1 1.0 -1.2 2.3 2.9 332 Fabricated metal products, nesoi.................. 2.585 106.7 106.8 4.6 0.6 -0.2 0.8 0.1 333 Machinery, except electrical...................... 6.827 104.5 104.8 3.4 0.8 0.4 0.2 0.3 334 Computer and electronic products.................. 14.676 95.6 94.8 -3.9 -0.8 -0.7 -0.3 -0.8 335 Electrical equipment, appliances, and components.. 3.731 105.1 105.5 4.6 1.2 -0.1 0.2 0.4 336 Transportation equipment.......................... 14.890 100.9 100.9 0.8 0.1 0.1 0.0 0.0 337 Furniture and fixtures............................ 1.508 101.1 101.3 1.2 0.2 0.1 0.1 0.2 339 Miscellaneous manufactured commodities............ 5.018 105.9 106.0 5.1 0.0 0.4 0.2 0.1 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods April 2006-April 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance April Dec. Jan. Feb. March NAICS Description 2006 2006 2007 2007 2007 March March April to to to to to 2007 2007 2007 April Jan. Feb. March April 1/ 2007 2007 2007 2007 2007 Nonmanufactured Articles...................................... 6.251 116.9 115.1 11.9 -2.1 3.5 1.7 -1.5 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 4.605 124.9 121.8 21.1 -0.5 3.0 2.9 -2.5 111 Agricultural products............................. 4.184 126.7 122.2 22.4 -0.5 3.1 2.9 -3.6 21 OIL, GAS, MINERALS AND ORES........................... 1.646 99.2 100.1 -7.2 -6.4 5.1 -1.4 0.9 211 Oil and gas....................................... 0.563 97.6 104.1 19.4 -14.4 16.4 -5.6 6.7 212 Minerals and ores................................. 1.083 100.2 98.1 -16.4 -2.1 -0.2 0.9 -2.1 Manufactured Articles......................................... 90.245 104.1 104.5 3.1 0.4 0.4 0.5 0.4 31 MANUFACTURED GOODS, PART 1............................ 6.699 107.5 107.7 9.3 1.5 1.5 0.7 0.2 311 Food and kindred products......................... 4.112 113.1 113.3 15.4 2.3 2.4 1.3 0.2 312 Beverages and tobacco products.................... 0.488 101.7 101.5 0.5 1.2 0.1 0.7 -0.2 313 Textiles and fabrics.............................. 0.970 98.2 98.3 2.4 0.0 0.0 0.1 0.1 315 Apparel and accessories........................... 0.558 100.1 100.0 0.1 0.0 0.0 0.0 -0.1 32 MANUFACTURED GOODS, PART 2............................ 22.321 106.7 108.2 5.0 0.3 0.8 1.1 1.4 321 Wood products..................................... 0.555 107.7 108.0 6.8 -0.2 1.3 0.4 0.3 322 Paper............................................. 2.101 108.3 108.8 4.1 0.0 0.6 -0.1 0.5 324 Petroleum and coal products....................... 2.381 113.4 121.1 2.9 -5.5 3.1 6.9 6.8 325 Chemicals......................................... 14.009 106.0 107.0 6.0 1.3 0.6 0.8 0.9 326 Plastics and rubber products...................... 2.318 103.9 103.9 2.0 0.6 0.2 -0.2 0.0 327 Nonmetallic mineral products...................... 0.849 105.2 105.3 6.3 0.7 0.2 0.0 0.1 33 MANUFACTURED GOODS, PART 3............................ 61.226 102.7 102.9 1.8 0.2 0.1 0.2 0.2 331 Primary metals.................................... 4.162 122.0 124.5 15.2 -0.9 0.9 3.1 2.0 332 Fabricated metal products, nesoi.................. 2.760 109.3 110.4 5.3 0.6 0.4 0.5 1.0 333 Machinery, except electrical...................... 12.139 104.1 104.2 2.9 0.8 0.2 0.1 0.1 334 Computer and electronic products.................. 17.213 96.2 95.8 -3.3 -0.4 -0.3 -0.4 -0.4 335 Electrical equipment, appliances, and components.. 3.600 103.5 103.9 2.9 0.5 0.3 0.1 0.4 336 Transportation equipment.......................... 16.561 103.6 103.8 2.4 0.7 0.1 0.1 0.2 339 Miscellaneous manufactured commodities............ 4.454 103.1 103.7 3.2 0.9 -0.1 0.2 0.6 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods April 2006-April 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance April Dec. Jan. Feb. March nized Description 2006 2006 2007 2007 2007 System March March April to to to to to 2007 2007 2007 April Jan. Feb. March April 1/ 2007 2007 2007 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.181 122.5 123.3 6.7 0.8 1.7 0.3 0.7 02 Meat and edible meat offal.......................... 0.311 142.6 143.3 4.1 0.0 0.8 -0.1 0.5 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.610 100.6 100.3 6.0 2.5 1.6 1.0 -0.3 II VEGETABLE PRODUCTS........................................ 1.143 124.3 131.7 26.0 1.7 -2.2 -1.8 6.0 07 Edible vegetables, roots, and tubers................ 0.313 179.0 208.8 68.8 6.3 -1.8 -4.7 16.6 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.322 82.3 85.4 5.2 -1.8 -6.9 0.1 3.8 09 Coffee, tea, mate and spices........................ 0.239 135.2 135.7 14.9 1.3 -0.9 -1.9 0.4 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.082 122.3 122.2 2.7 1.3 0.6 0.2 -0.1 20 Preparations of vegetables, fruit, nuts, or other parts of plants............... 0.271 121.7 121.8 4.6 0.8 0.2 0.7 0.1 22 Beverages, spirits, and vinegar..................... 0.795 110.5 110.1 0.4 0.2 -0.1 0.1 -0.4 V MINERAL PRODUCTS.......................................... 19.514 206.0 217.2 -1.5 -7.0 1.9 7.2 5.4 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 19.122 205.3 216.7 -1.6 -7.2 1.9 7.4 5.6 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 7.299 122.0 122.8 8.8 1.6 0.3 0.7 0.7 28 Inorganic chemicals................................. 0.910 198.6 207.5 36.8 5.3 2.7 2.7 4.5 29 Organic chemicals................................... 2.683 123.6 123.5 8.0 0.8 -0.5 0.6 -0.1 30 Pharmaceutical products............................. 2.037 107.7 107.9 1.9 2.2 -0.3 -0.3 0.2 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty............ 0.181 101.9 102.4 1.9 0.3 -0.4 0.3 0.5 33 Essential oils and resinoids (Dec. 2001=100)........ 0.418 111.9 112.3 5.3 0.2 -0.3 1.2 0.4 38 Miscellaneous chemical products..................... 0.431 95.6 96.0 4.7 0.0 1.1 0.2 0.4 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 2.978 120.8 121.2 2.6 0.0 0.7 -0.1 0.3 39 Plastics and articles thereof....................... 1.917 117.2 117.6 0.9 -0.4 -0.1 -0.2 0.3 40 Rubber and articles thereof......................... 1.061 127.8 128.1 5.9 0.6 2.2 -0.1 0.2 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.605 105.7 106.3 2.2 0.0 0.1 -0.1 0.6 42 Articles of leather; travel goods, bags, etc. of various materials.................... 0.525 105.8 106.3 2.4 0.0 0.0 0.1 0.5 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 1.291 110.5 111.5 -8.8 0.8 -1.2 0.1 0.9 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 1.587 108.3 108.0 1.2 -0.9 0.1 0.1 -0.3 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.090 105.0 104.4 -1.1 -0.9 -0.1 0.1 -0.6 49 Printed matter...................................... 0.281 115.0 115.1 1.9 0.2 -0.1 0.3 0.1 XI TEXTILE AND TEXTILE ARTICLES.............................. 5.534 101.7 101.7 0.9 0.2 0.0 0.4 0.0 61 Articles of apparel and clothing accessories, knitted or crocheted............ 1.978 100.2 100.4 -0.3 0.0 -0.1 0.1 0.2 62 Articles of apparel and clothing accessories, not knitted or crocheted........ 2.236 100.7 100.8 1.5 0.6 -0.2 0.9 0.1 63 Made-up or worn textile articles.................... 0.542 94.3 94.0 0.3 0.2 0.1 -0.3 -0.3 XII HEADGEAR, UMBRELLAS, ARTIFICIAL FLOWERS, ETC............................. 1.267 101.5 101.6 1.4 0.2 0.2 0.1 0.1 64 Footwear and parts of such articles................ 1.071 101.4 101.4 0.7 0.1 0.1 -0.1 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.982 109.5 109.6 1.3 0.5 -0.1 0.4 0.1 68 Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100)............ 0.345 102.8 102.6 -0.3 0.6 0.0 0.1 -0.2 69 Ceramic products.................................... 0.308 114.6 114.7 3.1 0.4 -0.2 0.4 0.1 70 Glass and glassware................................. 0.329 110.0 110.6 1.2 0.3 -0.2 0.6 0.5 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 2.928 132.8 132.2 14.9 0.6 1.7 1.7 -0.5 XV BASE METALS AND ARTICLES OF BASE METAL.................... 6.552 163.8 168.2 17.7 0.1 -1.0 1.3 2.7 72 Iron and steel...................................... 1.533 193.1 197.8 22.5 0.2 2.0 2.9 2.4 73 Articles of iron or steel........................... 1.483 127.0 127.2 2.7 0.0 0.3 0.4 0.2 74 Copper and articles thereof......................... 0.742 238.2 261.6 26.0 -5.7 -11.8 1.0 9.8 76 Aluminum and articles thereof....................... 1.147 146.1 146.2 6.6 1.5 -0.9 -0.5 0.1 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.364 107.9 108.0 0.7 0.2 0.1 0.0 0.1 83 Miscellaneous articles of base metal................ 0.492 125.5 124.1 6.0 0.3 0.5 0.2 -1.1 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC................. 24.943 87.8 87.4 -0.6 0.0 -0.2 -0.1 -0.5 84 Machinery and mechanical appliances; parts thereof.. 12.871 88.2 87.8 -0.6 0.1 -0.3 -0.2 -0.5 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts........ 12.072 87.5 87.0 -0.8 -0.1 -0.1 0.0 -0.6 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 12.940 105.5 105.5 0.9 0.1 0.0 0.1 0.0 87 Motor vehicles and their parts...................... 11.950 104.7 104.7 0.6 0.1 0.0 0.0 0.0 88 Aircraft, spacecraft, and parts thereof (Dec. 2002=100)...................... 0.875 107.8 108.0 2.1 0.2 0.2 -0.1 0.2 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 3.050 99.1 99.2 -0.1 0.0 -0.9 0.2 0.1 90 Optical, photographic, measuring and medical instruments.......................... 2.707 97.3 97.5 -0.6 0.0 -1.0 0.1 0.2 91 Clocks and watches and parts thereof................ 0.251 116.0 115.7 4.6 0.2 -0.2 0.6 -0.3 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 3.908 100.8 101.0 1.8 0.4 -0.1 0.1 0.2 94 Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldg........ 2.224 104.4 104.6 1.7 0.1 0.1 0.1 0.2 95 Toys, games and sports equipment; parts and accessories thereof...................... 1.468 95.7 95.8 1.5 0.0 0.0 -0.1 0.1 96 Miscellaneous manufactured articles................. 0.215 106.6 106.9 4.9 4.2 0.1 0.2 0.3 1 Relative importance figures are based on 2005 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 6 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods April 2006-April 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance April Dec. Jan. Feb. March nized Description 2006 2006 2007 2007 2007 System March March April to to to to to 2007 2007 2007 April Jan. Feb. March April 1/ 2007 2007 2007 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.546 147.1 149.5 24.6 2.5 5.2 3.2 1.6 02 Meat & edible meat offal (Dec. 2006=100)............ 0.779 113.6 115.6 n.a. 4.4 4.8 3.8 1.8 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.420 123.7 130.4 7.8 -0.4 2.1 2.1 5.4 II VEGETABLE PRODUCTS........................................ 4.235 160.6 156.0 25.2 -0.5 2.8 3.0 -2.9 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.636 112.4 124.6 11.7 0.0 0.9 -1.2 10.9 10 Cereals............................................. 1.926 183.8 165.4 28.0 -4.5 6.1 3.7 -10.0 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder............. 1.061 146.8 148.5 27.9 -1.0 7.7 1.3 1.2 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.305 120.0 120.2 7.2 1.8 0.8 0.4 0.2 21 Miscellaneous edible preparations................... 0.421 110.3 110.2 2.0 0.5 0.0 0.0 -0.1 23 Residues and waste from the food industries; prepared animal feed............. 0.491 143.4 142.7 13.1 1.1 1.5 0.1 -0.5 V MINERAL PRODUCTS.......................................... 4.219 229.7 237.9 2.0 -5.1 3.4 3.3 3.6 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 3.494 215.9 227.3 5.9 -5.3 6.0 3.6 5.3 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 11.651 126.8 127.6 6.7 1.1 0.3 1.0 0.6 28 Inorganic chemicals................................. 1.168 157.5 160.6 8.3 -0.9 2.7 2.3 2.0 29 Organic chemicals................................... 3.713 141.7 143.0 9.7 -0.1 0.1 2.8 0.9 30 Pharmaceutical products............................. 2.487 112.5 112.0 3.7 1.5 -0.1 -0.4 -0.4 32 Tanning or dyeing extracts, dyes, paints, varnish, putty, & inks............... 0.597 113.7 113.5 3.9 0.7 -0.3 0.5 -0.2 33 Essential oils and resinoids; perfumery, cosmetic or toilet................ 0.683 116.4 116.5 2.6 1.0 0.2 -0.1 0.1 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes........... 0.404 109.7 110.1 1.9 0.2 0.0 0.1 0.4 38 Miscellaneous chemical products..................... 1.677 119.0 119.4 8.0 4.4 0.3 0.0 0.3 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 5.405 128.8 129.9 2.9 1.3 0.5 0.1 0.9 39 Plastics and articles thereof....................... 4.324 124.6 125.6 2.2 1.1 0.6 0.0 0.8 40 Rubber and articles thereof......................... 1.081 146.5 148.3 6.2 1.9 0.6 0.4 1.2 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.492 125.5 124.8 7.3 0.9 1.0 0.1 -0.6 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 0.729 111.9 112.2 5.3 0.0 2.0 0.3 0.3 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 2.690 109.8 109.6 5.4 0.7 1.6 0.0 -0.2 47 Woodpulp and recovered paper........................ 0.680 114.7 112.0 17.9 2.8 5.9 -0.3 -2.4 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.446 107.5 108.3 3.8 0.1 0.2 0.2 0.7 49 Printed material.................................... 0.564 113.3 113.4 -2.5 0.2 -0.1 0.2 0.1 XI TEXTILE AND TEXTILE ARTICLES.............................. 2.453 102.5 102.2 0.8 0.4 -0.2 0.2 -0.3 52 Cotton, including yarns and woven fabrics thereof... 0.666 94.5 93.7 -0.3 0.4 -1.1 0.7 -0.8 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.801 107.5 108.0 4.8 0.8 1.3 -0.2 0.5 70 Glass and glassware................................. 0.429 95.9 95.9 1.1 0.1 0.0 0.0 0.0 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 3.791 171.9 171.2 33.3 7.8 5.6 2.9 -0.4 XV BASE METALS AND ARTICLES OF BASE METALS................... 5.950 162.7 165.8 14.2 -0.6 0.8 2.4 1.9 72 Iron and steel...................................... 1.496 191.6 202.5 21.7 -1.3 2.6 5.0 5.7 73 Articles of iron or steel........................... 1.431 144.5 144.6 8.0 1.1 1.6 1.4 0.1 74 Copper and articles thereof......................... 0.660 232.8 243.5 17.2 -6.9 -1.4 3.0 4.6 76 Aluminum and articles thereof....................... 1.053 148.3 148.4 12.8 -0.1 -0.3 0.2 0.1 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.406 113.9 114.6 3.9 1.2 0.2 0.0 0.6 83 Miscellaneous articles of base metal................ 0.403 125.7 125.8 2.9 0.0 0.7 0.2 0.1 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC............... 31.911 93.8 93.8 0.0 0.0 0.0 -0.1 0.0 84 Machinery and mechanical appliances; parts thereof.. 18.326 102.3 101.9 0.6 0.3 0.0 -0.2 -0.4 85 Electrical machinery and equipment and parts and accessories thereof............ 13.585 84.4 84.8 -0.8 -0.2 -0.1 -0.1 0.5 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 13.814 113.3 113.3 1.8 0.4 0.1 0.1 0.0 87 Motor vehicles and their parts...................... 8.913 105.4 105.5 1.0 0.1 0.1 0.0 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 6.232 103.4 103.4 1.4 1.1 -0.4 0.1 0.0 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 1.434 102.7 104.6 3.7 1.2 -0.1 0.2 1.9 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi;........... 0.802 112.9 113.3 6.0 1.4 -0.1 0.4 0.4 95 Toys, games and sports equipment; parts and accessories thereof...................... 0.471 86.1 89.5 -4.9 -3.8 -0.1 0.1 3.9 1 Relative importance figures are based on 2005 trade values. 2 Product categories included in this group have been modified due to concordance or coverage limitations. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 7 U.S. Import Price Indexes and Percent Changes by Locality of Origin April 2006-April 2007 2000=100, unless otherwise noted Index Percent Change Annual Monthly Percentage April Dec. Jan. Feb. March Description of 2006 2006 2007 2007 2007 U.S. March April to to to to to Imports 2007 2007 April Jan. Feb. March April 1/ 2007 2007 2007 2007 2007 2/ Industrialized Countries............................ 44.813 117.8 118.5 3.3 -0.1 0.1 1.2 0.6 Nonmanufactured Articles....................... 4.582 185.1 189.1 3.6 -8.7 4.6 4.9 2.2 Manufactured Articles.......................... 39.766 112.4 112.9 3.2 0.9 -0.4 0.7 0.4 3/ Other Countries..................................... 55.204 112.6 114.0 0.3 -1.8 1.2 1.4 1.2 Nonmanufactured Articles....................... 11.023 189.7 198.8 -4.7 -6.6 2.9 3.3 4.8 Manufactured Articles.......................... 43.982 101.8 102.1 1.9 -0.5 0.8 0.8 0.3 Canada.............................................. 17.052 130.1 131.9 3.2 -1.2 0.5 1.3 1.4 Nonmanufactured Articles....................... 3.871 187.6 191.4 5.5 -8.3 4.1 5.0 2.0 Manufactured Articles.......................... 12.851 119.5 120.8 2.3 0.9 -0.5 0.3 1.1 4/ European Union...................................... 17.908 121.1 121.0 3.4 0.8 0.2 0.2 -0.1 Nonmanufactured Articles....................... 0.389 192.6 201.4 -11.5 -9.0 6.5 0.0 4.6 Manufactured Articles.......................... 17.406 119.5 119.3 3.7 0.9 0.1 0.3 -0.2 France (Dec. 2003=100).............................. 1.888 107.4 107.3 4.5 1.5 0.2 -0.2 -0.1 Germany (Dec. 2003=100)............................. 5.008 106.5 106.8 4.1 0.7 -0.1 0.4 0.3 United Kingdom (Dec. 2003=100)...................... 2.845 116.4 117.5 -0.1 -0.5 1.0 0.2 0.9 5/ Latin America....................................... 17.619 136.4 139.1 -0.4 -1.8 0.7 1.2 2.0 Nonmanufactured Articles....................... 4.822 196.5 206.6 -4.0 -7.0 4.4 2.7 5.1 Manufactured Articles.......................... 12.721 126.0 126.8 1.1 0.2 -0.8 0.7 0.6 Mexico (Dec. 2003=100).............................. 10.163 119.9 122.4 3.7 -0.5 0.7 0.8 2.1 6/ Pacific Rim (Dec. 2003=100)......................... 33.452 98.2 98.1 -0.4 -0.4 0.1 0.0 -0.1 China (Dec. 2003=100)............................... 14.941 97.4 97.3 -0.4 -0.1 0.0 0.2 -0.1 Japan............................................... 8.308 93.9 93.9 -0.5 -0.1 -0.2 0.1 0.0 7/ Asian NICs.......................................... 6.124 88.7 88.2 -0.9 -0.6 0.1 0.0 -0.6 8/ ASEAN (Dec. 2003=100)............................... 5.993 96.7 95.8 -1.3 -1.4 0.3 -0.3 -0.9 9/ Asia Near East (Dec. 2003=100)...................... 3.765 171.6 178.0 0.2 -4.0 2.4 3.9 3.7 1 Percentage of trade figures are based on 2005 trade values. 2 Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa. 3 Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere. 4 Includes European Union countries. 5 Includes Mexico, Central America, South America and the Caribbean. 6 Includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and Asia Newly Industrialized Countries (see footnote 7). 7 Asia Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan. 8 Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. 9 Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen. NOTES: Data may be revised in each of the three months after original publication. Regions are not mutually exclusive. n.a. Not available Table 8 U.S. International Price Indexes and Percent Changes for Selected Transportation Services April 2006-April 2007 2000=100, unless otherwise noted Index Percent Change Relative import- Annual Monthly ance April Dec. Jan. Feb. March Description 2006 2006 2007 2007 2007 March March April to to to to to 2007 2007 2007 April Jan. Feb. March April 1/ 2007 2007 2007 2007 2007 AIR FREIGHT Import Air Freight................................ 100.000 130.7 131.6 1.4 0.8 -1.1 -0.1 0.7 Europe (Dec. 2003=100)....................... 27.943 129.4 129.6 6.6 2.6 -1.4 0.2 0.2 Asia......................................... 61.151 113.7 114.7 -2.3 0.2 -1.2 -0.2 0.9 Export Air Freight................................ 100.000 117.0 117.5 3.4 1.6 -1.3 0.0 0.4 Europe (Dec. 2006=100)....................... 39.343 101.2 100.9 n.a. 1.5 -0.3 0.0 -0.3 Inbound Air Freight............................... 100.000 126.6 127.1 2.0 0.7 -1.1 0.0 0.4 Europe (Dec. 2003=100)....................... 29.846 125.5 125.3 6.5 2.6 -1.3 0.3 -0.2 Asia......................................... 57.399 109.0 109.7 -1.0 -0.2 -1.2 -0.1 0.6 Outbound Air Freight.............................. 100.000 112.3 113.1 -0.4 -0.4 -0.8 -0.1 0.7 Europe (Dec. 2003=100)....................... 41.817 126.6 127.6 -0.4 -1.0 -0.7 -0.1 0.8 Asia......................................... 40.659 102.9 103.5 -2.1 -0.3 -0.8 -0.1 0.6 AIR PASSENGER FARES Import Air Passenger Fares........................ 100.000 122.9 127.2 4.8 -2.1 0.0 0.1 3.5 Europe....................................... 42.151 118.6 129.0 11.2 0.7 2.8 0.5 8.8 Asia......................................... 25.101 113.3 115.4 3.7 -9.9 -3.1 0.3 1.9 Latin America/Caribbean...................... 13.938 123.7 114.1 1.4 -0.7 0.4 0.0 -7.8 Export Air Passenger Fares........................ 100.000 140.2 143.9 9.3 3.2 -1.8 0.8 2.6 Europe....................................... 30.132 164.8 178.4 11.1 1.7 -1.5 1.4 8.3 Asia......................................... 30.656 109.7 109.6 3.7 5.5 -3.3 -0.7 -0.1 Latin America/Caribbean...................... 22.129 168.0 167.0 13.8 5.4 -0.1 1.1 -0.6 Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000 119.5 123.6 9.0 3.1 -3.3 1.1 3.4 Europe (Dec. 2003=100)....................... 37.915 117.9 129.1 11.5 0.5 -1.1 1.6 9.5 Asia (Dec. 2003=100)......................... 29.348 106.8 105.6 3.3 4.8 -6.5 1.5 -1.1 Latin America/Caribbean (Dec. 2003=100)...... 14.362 129.1 126.4 10.5 6.4 -0.5 -1.2 -2.1 Canada (Dec. 2003=100)....................... 7.979 159.5 159.5 9.5 -2.6 -0.7 0.3 0.0 Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000 119.3 123.5 5.9 -0.5 0.6 -0.1 3.5 Europe (Dec. 2003=100)....................... 38.325 122.8 133.3 10.2 1.0 2.3 0.2 8.6 Asia (Dec. 2003=100)......................... 22.441 107.1 109.6 3.6 -5.8 -0.6 -0.1 2.3 Latin America/Caribbean (Dec. 2003=100)...... 23.465 114.7 111.8 3.1 0.4 0.4 -0.1 -2.5 Canada (Dec. 2003=100)....................... 6.845 168.0 165.0 10.7 -0.1 1.4 0.0 -1.8 CRUDE OIL TANKER FREIGHT 2/ Inbound Crude Oil Tanker Freight.................. 100.000 n.a. n.a. n.a. 1.0 -4.6 n.a. n.a. OCEAN LINER FREIGHT Inbound Ocean Liner Freight....................... 100.000 112.6 112.8 -10.0 -0.7 -0.2 -0.4 0.2 U.S. East Coast.............................. 56.002 116.4 116.5 -7.9 -0.3 -1.0 -0.6 0.1 From Atlantic.......................... 24.290 114.2 115.0 -12.8 -0.3 -1.4 -1.6 0.7 From Pacific........................... 23.100 121.5 120.9 -1.2 0.1 -1.1 0.1 -0.5 U.S. West Coast.............................. 43.998 111.3 111.4 -11.0 -1.3 0.8 0.2 0.1 1 Relative importance figures are based on 2005 trade values. 2 Publication of the Crude Oil Tanker Freight Indexes is lagged two months, as are the relative importance figures. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available Table 9 U.S. Export Price Indexes and Percent Changes for Travel and Tourism Services March 2006-March 2007 December 2006=100, unless otherwise noted Index Percent Change Relative import- Annual Monthly ance March Nov. Dec. Jan. Feb. Description 2006 2006 2006 2007 2007 February February March to to to to to 2007 2007 2007 March Dec. Jan. Feb. March 1/ 2007 2006 2007 2007 2007 Export Travel and Tourism..... 100.000 102.8 105.1 n.a. n.a. 0.4 2.4 2.2 From Europe.............. 39.705 103.6 105.8 n.a. n.a. 0.6 3.0 2.1 From Asia................ 31.456 100.4 103.3 n.a. n.a. -1.1 1.5 2.9 From Latin America/Caribb 15.612 104.5 106.1 n.a. n.a. 1.5 3.0 1.5 From Canada.............. 8.874 105.2 106.9 n.a. n.a. 2.9 2.2 1.6 1 Relative importance figures are based on 2005 trade values. NOTES: Data may be revised in each of the three months after original publication. n.a. Not available TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are not seasonally adjusted. Price indexes for merchandise goods are reweighted annually, with a two-year lag in the weights. Published series use a base year of 2000=100 where possible. More detailed index series and additional information may be obtained at http://www.bls.gov/mxp, or by calling (202) 691-7101. Merchandise Goods Classification Systems -- The merchandise price indexes are published using three classification systems. Items are classified, respectively, by end use for the Bureau of Economic Analysis System, industry for the North American Industry Classification System (NAICS), and product category for the Harmonized System (HS). While classification by end use and product category are self-explanatory, a couple of notes are in order for classifying items by industry. In the NAICS tables, for both imports and exports, items are classified by output industry, not input industry. As an example, NAICS import index 326 (plastics and rubber products) would include outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS classification structure also matches the classification system used by the PPI to produce the NAICS primary products indexes. Import Price Indexes -- Products have been classified by the 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 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. Beginning with January 2002, the indexes are defined by locality of origin using a nomenclature based upon the North American Industry Classification System (NAICS). Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are defined as NAICS 31-33. Services Price Indexes -- Price indexes for internationally traded services are presented using two definitions: Balance of Payments (which represent transactions between U.S. and foreign residents) and International (which represent transactions inbound to and outbound from the U.S.). The Air Passenger Fares Indexes are calculated from data collected from a commercial airline reservation system. These data exclude frequent flyer tickets and those sold by consolidators. The Crude Oil Tanker Freight Indexes are calculated from data collected by the U. S. Department of Energy, and the publication of these indexes is lagged two months. The Air Freight and Ocean Liner Freight Indexes are calculated from data collected directly from companies. The Travel and Tourism Indexes are calculated from a subset of BLS Consumer Price Index data, and the publication of these indexes is lagged one month. Fact sheets specifying detailed information for each services industry are available at http://www.bls.gov/mxp under "Publications and Other Documentation." Revision Policy -- To reflect the availability of late reports and corrections by respondents, monthly data may be revised in each of the three months after original publication. After three months, no further data revisions take place. So, for example, data released in the January release will be subject to revision in the releases for February, March, and April. Uses of the Data -- The primary use of the indexes is to deflate trade statistics, notably the foreign trade sector of the National Income and Product Accounts constructed by the Department of Commerce. Other published indexes are useful for general market analysis. For trade in international services, Balance of Payments indexes are used for deflating National Income and Product Accounts, 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. Mailing List -- If you wish to be added to the mailing list to receive a copy of the U.S. Import and Export Price Index News Release, please either call the IPP information line at (202) 691-7101 or send e-mail to (mxpinfo@bls.gov) to provide your name and mailing address. You may also contact the IPP at the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212-0001 The information you provide will be used to register you for delivery of selected publications. The Bureau of Labor Statistics (BLS) is authorized to request this information under 5 United States Code (USC) Section 301. Furnishing such information is voluntary, however, BLS may not be able to register you for the subscription service if you fail to do so. As part of helping us assess the quality of our customer service, BLS may contact subscribers with a customer service survey. In addition, the IPP news release is now available through an e-mail subscription service at (http://www.bls.gov/mxp) or (http://www.bls.gov/bls/newsrels.htm). Additional Information -- More detailed IPP data are available on the IPP home page at (http://www.bls.gov/mxp). Flat Files and the FTP server are available for users requiring access to either a large volume of time series data or other IPP-related documentation. The FTP site can be accessed at ftp://ftp.bls.gov. For technical assistance in using the BLS Internet site, send e-mail to (labstat.helpdesk@bls.gov). For IPP data requests, send e-mail to (mxpinfo@bls.gov). Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.