Technical Information: David Mead (202) 606-7154 USDL-98-294 Bill Alterman (202) 606-7108 Transmission of This Media contact: Material is Embargoed Kathryn Hoyle (202) 606-5902 Until: 10:00 A.M. E.D.T. Internet Address: http://stats.bls.gov/ipphome.htm Wednesday, July 15, 1998 U.S. IMPORT AND EXPORT PRICE INDEXES -JUNE 1998- The U.S. Import Price Index declined 0.5 percent in June, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The decrease marked the eighth consecutive month that this index has declined. The U.S. Export Price Index fell 0.6 percent in June, resuming a trend of declining prices following a 0.1 percent increase in May. Percent changes in import and export price indexes by End Use category - not seasonally adjusted - IMPORTS EXPORTS Month Non- Agri- Nonagri- All Petroleum petroleum All cultural cultural Imports Imports Imports Exports Exports Exports 1997 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 -1.0 -6.8 -0.4 -0.4 -0.8 -0.4 1998 January -1.3 -10.0 -0.6 -0.7 -2.7 -0.4 February -0.9 -6.5 -0.4 -0.3 -1.5 -0.2 March -0.8 -9.0 r -0.3 -0.3 -0.5 r -0.3 April -0.3 0.5 r -0.3 -0.4 -1.6 r -0.2 May -0.1 0.1 r -0.2 r 0.1 1.0 r -0.1 June -0.5 -3.9 -0.3 -0.6 -0.2 -0.5 June 1996-97 -1.9 -5.9 -1.8 -2.1 -14.4 -0.1 June 1997-98 -5.6 -28.8 -3.6 -3.3 -8.3 -2.7 r = revised to reflect late reports and corrections by respondents. Import Goods The June drop in import prices was attributable to declines for both petroleum and nonpetroleum import prices. For the year ended in June, overall import prices fell 5.6 percent. Prices for petroleum imports declined 3.9 percent in June, resuming a downward trend for the year after slight increases of 0.1 percent and 0.5 percent in May and April, respectively. Over the June 1997-98 period, the index of imported petroleum prices fell 28.8 percent. The price index of nonpetroleum imports decreased 0.3 percent in June and has declined or posted no change in each of the past 12 months. Over the year, the index was down 3.6 percent. The June decrease in nonpetroleum import prices was led by the price indexes of nonpetroleum industrial supplies and materials and of capital goods, down 1.0 percent and 0.6 percent, respectively. Prices for nonpetroleum industrial supplies and materials fell in six of the last seven months and were down 4.5 percent for the year ended in June. Imported capital goods prices have declined consistently since the middle of 1995 and fell 6.9 percent over the past 12 months. The price index of imported consumer goods also decreased, down 0.1 percent in June and 1.3 percent over the June 1997-98 period. In contrast, the price indexes for imported foods, feeds, and beverages and for automotive vehicles both increased in June, rising 0.5 percent and 0.1 percent, respectively. For the year ended in June, imported foods, feeds, and beverages prices fell 4.9 percent, while automotive vehicle prices rose 0.4 percent. Export Goods Price declines in both nonagricultural and agricultural exports contributed to the 0.6 percent decline in overall export prices in June. Over the last 12 months, the index of export prices fell 3.3 percent. Nonagricultural export prices fell 0.5 percent in June, the largest monthly decline in this index since November 1989. The index posted a decline or no change in each of the last 12 months and was down 2.7 percent over that period. Prices for agricultural exports fell 0.2 percent in June after rising 1.0 percent in the previous month. Despite the upturn in May, the index was still down 8.3 percent for the year ended in June. Price declines were widespread for nonagricultural exports in June, led by a 0.8 percent decrease in the price index of capital goods. The drop in capital goods prices was the largest monthly decline since the index was first published monthly in 1989. For the year ended in June, exported capital goods fell 2.7 percent. The price indexes of nonagricultural industrial supplies and materials and of consumer goods also declined in June, down 0.7 percent and 0.3 percent, respectively. The drop in prices for nonagricultural industrial supplies and materials was the eleventh in a row. Overall, the index fell 5.5 percent for the past year, while exported consumer goods prices posted no change. The price index of exported automotive vehicles was unchanged in June. Over the past 12 months, the index rose 0.2 percent. Imports by Locality of Origin The price index of imports from the Asian Newly Industrialized Countries continued to decline in June, down 1.2 percent. The decrease was similar to the May decline and marked the seventh time in the last eight months that this index posted a monthly decline of at least 0.8 percent. For the year ended in June, the index was down 8.8 percent. (See table 7.) Prices for imports from Japan also continued a downward trend, falling 0.7 percent in June. Over the past 12 months, the index was down 4.8 percent. The import price indexes for both Canada and Latin America posted declines in June, decreasing 1.0 percent and 0.3 percent, respectively. The index for imports from Canada was down 2.9 percent from a year ago. In contrast, the price index for imports from the European Union rose in June, up 0.3 percent. Despite increasing in the past two months, the index was down 1.0 percent for the year ended in June. Import and Export Services The import price index for air freight rose 1.2 percent from March to June. The increase followed three consecutive quarterly declines. Despite the slight upturn in the June quarter, the index was still down 9.8 percent over the past year. In contrast, the price index of export air freight fell 0.4 percent from March to June. For the year ended in June, exported air freight prices declined 3.4 percent. The import index for air passenger fares rose 9.0 percent from March to June, led by an 18.6 percent rise in the index of air passenger fares from the Atlantic region. Import air passenger fares from the Pacific region also contributed to the increase, rising 7.7 percent in the second quarter. The export air passenger fares index rose a more modest 0.6 percent from March to June. The import index for ocean liner freight rose 8.0 percent from March to June, largely offsetting declines in the previous eight quarters. The increase was primarily led by a 12.2 percent gain in the U.S. West Coast region. 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 July are scheduled for release on August 13 at 10:00 a.m. (EDT). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, June 1997-June 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance June Feb. March April May END Description 1997 1998 1998 1998 1998 USE May May June to to to to to 1998 1998 1998 June March April May June 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES 100.000 93.2 92.7 -5.6 -0.8 -0.3 -0.1 -0.5 ALL IMPORTS EXCLUDING PETROLEUM 93.518 94.1 93.8 -3.6 -0.3 -0.3 -0.2 -0.3 0 FOODS, FEEDS, & BEVERAGES 4.846 96.4 96.9 -4.9 -0.1 0.8 -1.0 0.5 00 Agricultural foods, feeds & beverages, excluding distilled beverages 3.398 92.8 92.5 -8.7 -0.2 1.0 -1.6 -0.3 01 Nonagricultural foods (fish, distilled beverages) 1.448 105.8 108.2 4.9 0.2 0.6 0.3 2.3 1 INDUSTRIAL SUPPLIES & MATERIALS 25.283 89.8 88.3 -12.1 -2.5 -0.2 0.1 -1.7 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.802 94.4 93.5 -4.5 -0.2 -0.3 0.1 -1.0 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.964 95.7 94.0 -6.1 0.0 -0.2 0.1 -1.8 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.839 92.9 92.7 -2.9 -0.3 -0.5 0.1 -0.2 10 Fuels & lubricants 7.680 81.5 78.7 -25.0 -7.8 0.4 0.2 -3.4 100 Petroleum & petroleum products 6.483 77.4 74.4 -28.8 -9.0 0.5 0.1 -3.9 10000 Crude 4.915 73.9 70.5 -32.0 -9.1 1.5 -1.6 -4.6 11 Paper & paper base stocks 1.847 80.9 81.4 -0.6 0.4 -0.2 -0.6 0.6 12 Materials associated with nondurable supplies & materials 6.005 91.3 91.2 -4.8 -0.4 -0.5 0.0 -0.1 13 Selected building materials 2.099 102.5 99.7 -11.2 -0.1 -0.3 -1.7 -2.7 14 Unfinished metals associated with durable goods 4.704 95.4 93.0 -5.1 0.2 0.1 1.4 -2.5 15 Finished metals associated with durable goods 1.462 93.0 93.1 -3.6 -0.2 -0.6 -0.9 0.1 16 Nonmetals associated with durable goods 1.487 91.3 91.4 -4.5 -0.3 -0.8 -0.3 0.1 2 CAPITAL GOODS 28.348 86.2 85.7 -6.9 -0.5 -0.6 -0.3 -0.6 20 Electric & electrical generating equipment 3.421 94.6 94.6 -2.6 -0.3 -0.6 -0.3 0.0 21 Nonelectrical machinery 23.148 83.4 82.8 -8.1 -0.6 -0.6 -0.4 -0.7 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 18.631 101.1 101.2 0.4 0.1 -0.1 -0.2 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 22.891 98.3 98.2 -1.3 -0.6 -0.3 0.0 -0.1 40 Nondurables, manufactured 11.382 100.7 101.0 0.0 -0.1 -0.2 0.0 0.3 41 Durables, manufactured 10.377 95.8 95.3 -2.9 -0.3 -0.4 -0.1 -0.5 42 Nonmanufactured consumer goods 1.131 99.3 98.7 -0.4 -7.3 -0.6 1.8 -0.6 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for March, April and May 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, June 1997-June 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance June Feb. March April May END Description 1997 1998 1998 1998 1998 USE May May June to to to to to 1998 1998 1998 June March April May June 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES 100.000 96.6 96.0 -3.3 -0.3 -0.4 0.1 -0.6 AGRICULTURAL COMMODITIES 10.023 93.1 92.9 -8.3 -0.5 -1.6 1.0 -0.2 NONAGRICULTURAL COMMODITIES 89.977 96.9 96.4 -2.7 -0.3 -0.2 -0.1 -0.5 0 FOODS, FEEDS, & BEVERAGES 9.001 93.8 92.9 -9.2 -0.6 -1.6 1.0 -1.0 00 Agricultural foods, feeds & beverages, excluding distilled beverages 8.308 94.7 93.8 -9.6 -0.9 -1.7 1.1 -1.0 01 Nonagricultural foods (fish, distilled beverages) 0.693 85.6 84.7 -3.3 2.9 -0.6 -0.1 -1.1 1 INDUSTRIAL SUPPLIES & MATERIALS 24.815 90.9 90.5 -5.2 -0.7 -0.4 -0.1 -0.4 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.681 92.0 91.1 -5.6 -0.2 -0.1 0.0 -1.0 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 15.134 90.2 90.1 -5.0 -1.1 -0.6 -0.2 -0.1 10 Agricultural industrial supplies & materials 1.715 87.5 90.4 -1.3 1.3 -1.4 0.6 3.3 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 23.100 91.1 90.5 -5.5 -0.9 -0.2 -0.3 -0.7 11 Fuels & lubricants 2.308 102.2 100.9 -8.3 -2.6 -1.1 0.0 -1.3 12 Nonagricultural supplies & materials excluding fuels & building materials 19.323 89.3 88.7 -4.9 -0.7 -0.2 -0.2 -0.7 13 Selected building materials 1.469 86.6 86.1 -9.2 -0.6 -0.6 -1.0 -0.6 2 CAPITAL GOODS 44.242 98.3 97.5 -2.7 -0.3 -0.2 0.0 -0.8 20 Electric & electrical generating Equipment 4.468 100.8 100.7 -0.4 0.2 -0.5 0.0 -0.1 21 Nonelectrical machinery 34.244 95.2 94.2 -3.6 -0.3 -0.3 0.0 -1.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 9.877 102.3 102.3 0.2 0.0 0.1 0.0 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 12.065 102.3 102.0 0.0 0.0 -0.3 0.1 -0.3 40 Nondurables, manufactured 6.363 102.1 102.0 0.5 0.1 -0.2 0.0 -0.1 41 Durables, manufactured 5.124 101.5 100.9 -1.1 -0.3 -0.2 0.4 -0.6 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for March, April and May 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, June 1997-June 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance June Feb. March April May SITC Description 1997 1998 1998 1998 1998 Rev. 3 May May June to to to to to 1998 1998 1998 June March April May June 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES 100.000 93.2 92.7 -5.6 -0.8 -0.3 -0.1 -0.5 0 FOOD AND LIVE ANIMALS 4.150 97.6 97.6 -5.9 0.4 1.5 -1.8 0.0 01 Meat and meat preparations 0.365 101.3 98.9 -2.9 -0.1 0.5 -0.4 -2.4 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 1.107 107.2 109.3 5.5 0.7 0.3 -0.2 2.0 05 Vegetables, fruit and nuts, fresh or dried 1.092 99.1 101.9 0.2 2.0 5.4 -1.8 2.8 07 Coffee, tea, cocoa, spices and manufactures thereof 0.630 86.1 82.3 -30.5 -3.2 -1.2 -7.3 -4.4 3/ Other food and live animals (9612=100) 0.957 97.1 95.9 -4.5 1.0 1.3 -0.8 -1.2 1 BEVERAGES AND TOBACCO 0.896 109.3 109.6 2.0 -0.3 0.0 0.1 0.3 11 Beverages 0.754 105.9 106.3 2.2 -0.1 0.0 0.1 0.4 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 2.889 89.3 87.5 -10.2 -4.2 -1.4 -0.6 -2.0 23 Crude rubber (including synthetic and reclaimed) 0.201 57.7 58.8 -29.9 -1.5 -4.1 -5.9 1.9 24 Cork and wood 1.019 106.6 101.2 -17.4 0.5 -0.5 -3.2 -5.1 25 Pulp and waste paper 0.366 62.9 65.3 -0.8 -0.5 -0.8 -1.3 3.8 28 Metalliferous ores and metal scrap 0.644 100.6 98.3 -7.1 0.4 0.2 0.0 -2.3 29 Crude animal and vegetable materials, n.e.s. (9612=100) 0.313 116.0 113.1 16.2 -30.5 -7.3 13.7 -2.5 3/ Other crude materials, inedible, except fuels (9612=100) 0.346 92.0 91.7 -5.7 0.0 -1.6 -1.0 -0.3 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 7.358 80.8 77.9 -25.5 -7.9 0.4 0.2 -3.6 33 Petroleum, petroleum products and related materials 6.122 76.7 73.7 -29.1 -9.1 0.8 0.0 -3.9 34 Gas, natural and manufactured 1.107 114.3 112.5 -0.7 -2.2 -1.6 1.2 -1.6 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 5.682 93.6 93.7 -2.8 -0.4 -0.5 0.6 0.1 51 Organic chemicals 1.594 91.9 92.1 -3.9 -0.6 -1.2 1.0 0.2 52 Inorganic chemicals 0.695 97.2 97.8 -1.2 0.6 0.7 1.8 0.6 53 Dyeing, tanning and coloring materials 0.295 94.8 95.3 -2.7 0.0 -0.2 0.1 0.5 54 Medicinal and pharmaceutical products 0.943 95.4 95.5 -0.8 0.0 -0.3 -0.1 0.1 55 Essential oils; polishing and cleansing preps 0.326 94.6 94.7 -2.4 -2.0 -0.3 0.5 0.1 57 Plastics in primary forms 0.393 94.1 94.0 2.6 -2.2 -0.3 0.0 -0.1 58 Plastics in nonprimary forms 0.531 80.0 79.6 -10.2 -1.3 -1.6 -0.2 -0.5 59 Chemical materials and products, n.e.s. 0.677 101.8 101.3 -2.1 0.3 -0.4 0.5 -0.5 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 12.917 94.7 94.1 -2.8 -0.1 -0.1 0.1 -0.6 62 Rubber manufactures, n.e.s. 0.745 94.7 95.0 -2.7 -0.5 0.0 0.0 0.3 63 Cork and wood manufactures other than furniture 0.543 92.0 92.8 -6.3 -1.6 -0.6 -0.3 0.9 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.666 87.6 87.5 0.0 0.5 0.0 -0.3 -0.1 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.447 97.6 97.6 -2.9 0.0 0.1 -0.4 0.0 66 Nonmetallic mineral manufactures, n.e.s. 2.202 100.7 100.7 -1.9 -0.1 0.2 -0.1 0.0 67 Iron and steel 2.085 94.0 93.0 -3.4 -0.9 -0.5 -0.4 -1.1 68 Nonferrous metals 2.039 94.2 91.0 -4.3 0.7 0.7 2.6 -3.4 69 Manufactures of metals, n.e.s. 2.022 96.3 96.7 -2.3 -0.2 -0.4 -0.6 0.4 7 MACHINERY AND TRANSPORT EQUIPMENT 47.613 92.2 91.9 -4.0 -0.3 -0.4 -0.3 -0.3 71 Power generating machinery and equipment (9612=100) 3.084 97.9 97.8 -1.4 0.2 -1.8 -0.2 -0.1 72 Machinery specialized for particular industries 2.771 97.6 97.6 -1.7 0.0 -0.5 0.0 0.0 73 Metalworking machinery 0.851 96.9 96.9 -1.4 0.2 -0.6 -0.1 0.0 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.534 96.4 96.6 -1.7 0.1 -0.3 0.1 0.2 75 Computer equipment and office machines 6.695 70.9 70.1 -13.7 -1.9 -1.5 -1.4 -1.1 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.659 90.6 90.0 -3.6 -0.1 -0.1 -0.1 -0.7 77 Electrical machinery and equipment 9.620 85.4 84.9 -5.9 -0.2 0.0 -0.1 -0.6 78 Road vehicles 15.309 101.2 101.1 0.3 0.2 0.0 -0.3 -0.1 8 MISCELLANEOUS MANUFACTURED ARTICLES 18.040 98.7 98.6 -1.6 -0.1 -0.4 -0.1 -0.1 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s. 0.402 96.0 96.7 0.5 1.4 -0.8 0.1 0.7 82 Furniture and parts thereof 1.323 102.9 100.0 -2.8 -0.2 -0.1 0.1 -2.8 83 Travel goods, handbags and similar containers 0.524 100.4 101.1 -0.1 -1.3 0.0 0.9 0.7 84 Articles of apparel and clothing accessories 6.096 102.5 102.8 0.2 -0.2 -0.1 -0.1 0.3 85 Footwear 1.847 100.7 100.8 -0.3 -0.4 -0.1 0.1 0.1 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.636 95.2 95.0 -2.2 -0.4 -0.3 0.5 -0.2 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.363 91.2 91.0 -3.6 -0.3 -0.2 -0.4 -0.2 89 Miscellaneous manufactured articles, n.e.s. 4.851 96.1 96.2 -3.2 0.2 -1.1 -0.3 0.1 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for March, April and May 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, June 1997-June 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance June Feb. March April May SITC Description 1997 1998 1998 1998 1998 Rev. 3 May May June to to to to to 1998 1998 1998 June March April May June 1/ 2/ 1998 1998 1998 1998 1998 ALL COMMODITIES 100.000 96.6 96.0 -3.3 -0.3 -0.4 0.1 -0.6 0 FOOD AND LIVE ANIMALS 7.229 91.3 90.7 -7.9 0.0 -1.8 0.6 -0.7 01 Meat and meat preparations 1.140 93.7 97.7 2.5 1.3 0.1 1.6 4.3 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 0.508 82.0 80.7 -5.4 2.7 -0.6 -0.5 -1.6 04 Cereals and cereal preparations 2.591 85.9 82.6 -10.5 -1.2 -4.6 -0.3 -3.8 05 Vegetables, fruit and nuts, fresh or dried 1.395 96.4 97.2 -4.3 3.5 1.3 3.8 0.8 08 Feeding stuff for animals (not including unmilled cereals) 0.666 93.4 94.9 -25.4 -3.6 -3.5 -4.3 1.6 09 Miscellaneous edible products and preparations 0.397 104.9 105.0 1.4 0.0 0.1 0.0 0.1 3/ Other food and live animals (9612=100) 0.532 98.3 96.6 -6.8 -2.7 1.3 1.4 -1.7 1 BEVERAGES AND TOBACCO 1.516 100.0 99.9 -0.9 0.0 -0.2 0.0 -0.1 12 Tobacco and tobacco manufactures 1.249 99.8 99.7 -1.2 0.3 -0.3 -0.1 -0.1 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 5.473 83.0 82.1 -12.1 -0.9 -1.2 -0.2 -1.1 21 Hides, skins and furskins, raw 0.286 85.9 84.8 -15.9 8.2 -2.4 -2.3 -1.3 22 Oil seeds and oleaginous fruits 1.182 106.7 102.6 -23.8 -4.2 -2.8 1.2 -3.8 24 Cork and wood 0.875 82.5 82.2 -11.8 -1.4 0.0 -1.8 -0.4 25 Pulp and waste paper 0.746 63.5 64.1 -2.7 0.5 -1.2 -1.1 0.9 26 Textile fibers and their waste 0.782 77.4 79.3 -4.9 -0.1 -2.4 1.8 2.5 27 Crude fertilizers and crude minerals 0.337 97.0 97.0 -0.8 -0.1 0.0 -0.1 0.0 28 Metalliferous ores and metal scrap 0.842 80.0 76.6 -16.5 -2.1 1.0 -0.6 -4.3 3/ Other crude materials, inedible, except fuels (9612=100) 0.424 98.8 99.2 0.5 1.1 -1.5 -1.4 0.4 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 2.061 104.8 103.2 -6.9 -2.1 -1.3 0.0 -1.5 32 Coal, coke and briquettes 0.691 99.9 99.9 -2.1 0.0 -1.1 0.0 0.0 33 Petroleum, petroleum products and related materials 1.209 108.9 107.0 -10.4 -3.3 -1.7 0.3 -1.7 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.509 106.6 108.8 14.9 -0.5 0.6 5.1 2.1 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 10.710 93.1 92.8 -3.8 -1.0 -0.1 -0.4 -0.3 51 Organic chemicals 2.391 77.7 77.2 -9.1 -2.3 -1.5 -0.5 -0.6 52 Inorganic chemicals 0.889 104.1 103.7 4.3 -1.4 2.1 0.0 -0.4 53 Dyeing, tanning and coloring materials 0.493 100.3 100.7 -1.3 0.0 0.0 -1.8 0.4 54 Medicinal and pharmaceutical products 1.249 101.6 101.6 0.1 0.7 -0.7 0.0 0.0 55 Essential oils; polishing and cleansing preps 0.757 101.4 101.4 -1.5 -0.5 -0.3 0.2 0.0 56 Fertilizers (9612=100) 0.567 94.9 96.1 0.0 1.2 1.4 1.7 1.3 57 Plastics in primary forms 1.795 90.5 89.8 -7.5 -0.8 -0.9 -0.4 -0.8 58 Plastics in nonprimary forms 0.840 99.1 97.9 -1.2 -0.5 0.1 -0.7 -1.2 59 Chemical materials and products, n.e.s. 1.728 100.4 100.6 -3.2 -1.3 1.3 -1.4 0.2 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.838 98.1 97.8 -0.4 -0.2 0.0 -0.2 -0.3 62 Rubber manufactures, n.e.s. 0.673 101.6 101.9 -1.3 0.3 -0.2 -0.3 0.3 63 Cork and wood manufactures other than furniture 0.292 90.6 89.1 -1.9 1.2 -1.3 -0.4 -1.7 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.536 83.9 83.6 0.1 -0.4 -0.1 -0.8 -0.4 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.424 102.6 103.2 -0.1 0.2 0.0 -1.0 0.6 66 Nonmetallic mineral manufactures, n.e.s. 1.348 106.9 106.8 2.4 -0.3 0.0 -0.1 -0.1 67 Iron and steel 1.094 100.4 100.5 -2.2 -1.7 0.0 -0.3 0.1 68 Nonferrous metals 1.311 92.9 87.5 -6.3 -0.1 0.3 1.5 -5.8 69 Manufactures of metals, n.e.s. 2.005 104.5 107.1 2.6 -0.1 -0.2 -0.3 2.5 7 MACHINERY AND TRANSPORT EQUIPMENT 50.589 99.2 98.6 -2.0 -0.2 -0.2 0.1 -0.6 71 Power generating machinery and equipment 4.348 107.0 107.1 1.0 0.1 0.2 0.0 0.1 72 Machinery specialized for particular industries 4.757 105.1 105.1 0.9 -0.1 -0.2 0.3 0.0 73 Metalworking machinery 0.998 107.7 108.4 3.9 0.4 0.0 -0.1 0.6 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 5.115 106.2 106.1 0.9 0.2 0.1 0.3 -0.1 75 Computer equipment and office machines 6.296 78.9 76.2 -10.0 -0.9 -0.9 -0.3 -3.4 76 Telecommunications & sound recording & reproducing apparatus & equipment 3.820 98.8 98.8 -0.8 0.3 -0.3 0.5 0.0 77 Electrical machinery and equipment 11.557 92.6 91.8 -4.9 -0.5 -0.4 -0.1 -0.9 78 Road vehicles 9.188 101.9 101.9 0.1 -0.1 0.1 0.0 0.0 8 MISCELLANEOUS MANUFACTURED ARTICLES 11.308 101.2 100.8 -0.9 0.0 -0.1 -0.1 -0.4 82 Furniture and parts thereof 0.646 104.5 104.1 0.5 0.1 0.1 0.0 -0.4 84 Articles of apparel and clothing accessories 1.297 103.8 103.8 2.5 0.2 0.0 0.0 0.0 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.762 103.8 103.7 0.3 0.0 0.0 0.2 -0.1 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s. 0.912 94.1 93.7 -5.4 1.5 -0.2 -1.3 -0.4 89 Miscellaneous manufactured articles, n.e.s. 4.222 98.9 98.2 -2.4 -0.5 -0.4 -0.1 -0.7 3/ Other miscellaneous manufactured articles (9612=100) 0.469 102.6 103.0 2.1 0.0 0.3 0.2 0.4 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for March, April and May 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, June 1997-June 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance June Feb. March April May nized Description 1997 1998 1998 1998 1998 System May May June to to to to to 1998 1998 1998 June March April May June 1/ 2/ 1998 1998 1998 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS 1.675 104.3 103.4 2.2 0.8 0.7 0.0 -0.9 02 Meat and edible meat offal 0.290 99.4 96.8 0.7 0.1 1.7 0.1 -2.6 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.970 107.6 108.9 4.9 0.0 -0.6 0.6 1.2 3/ Other live animals and animal products (9612=100) 0.415 102.7 98.4 -3.1 3.4 3.0 -1.4 -4.2 II VEGETABLE PRODUCTS 1.599 89.0 88.8 -7.7 -3.7 1.5 -0.8 -0.2 07 Edible vegetables and certain roots and tubers 0.296 104.9 109.7 n.a. 9.3 8.6 -1.8 4.6 08 Edible fruit and nuts; peel of citrus fruit or melons 0.457 97.4 100.1 -1.7 -0.3 3.4 -2.1 2.8 09 Coffee, tea, mate and spices 0.427 84.3 79.3 -24.1 0.1 0.3 -4.1 -5.9 3/ Other vegetable products 0.419 92.7 91.5 -2.6 -16.9 -4.0 5.1 -1.3 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 2.153 101.2 101.9 0.2 -0.3 0.3 0.2 0.7 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.276 88.2 89.8 -2.7 -1.2 0.8 0.2 1.8 22 Beverages, spirits, and vinegar 0.777 103.8 104.1 1.0 -0.4 -0.5 0.2 0.3 3/ Other prepared foodstuffs (9612=100) 1.100 100.6 101.2 0.2 0.0 0.7 0.1 0.6 V MINERAL PRODUCTS 8.004 82.2 79.6 -23.7 -7.4 0.2 0.1 -3.2 26 Ores, slag and ash 0.306 102.0 101.9 -1.5 0.2 0.3 -0.4 -0.1 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 7.460 81.0 78.2 -25.0 -7.8 0.2 0.1 -3.5 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 5.340 96.7 96.8 -2.7 -0.1 -0.3 0.6 0.1 28 Inorganic chemicals 0.875 101.2 101.2 -2.8 0.8 0.4 1.8 0.0 29 Organic chemicals 2.020 92.5 92.8 -3.6 -0.3 -1.0 0.2 0.3 30 Pharmaceutical products 0.577 101.7 101.6 -1.0 0.1 -0.2 0.5 -0.1 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.292 92.9 93.5 -4.0 0.0 -0.2 0.0 0.6 37 Photographic or cinematographic goods 0.363 96.2 96.1 -3.2 -0.3 0.0 0.0 -0.1 38 Miscellaneous chemical products (9612=100) 0.425 96.2 96.3 -2.2 -0.6 -0.5 0.8 0.1 3/ Other products of the chemical or allied industries (9612=100) 0.787 96.4 96.2 -1.5 -0.6 0.7 0.1 -0.2 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.796 88.1 88.0 -6.1 -1.2 -0.9 -0.5 -0.1 39 Plastics and articles thereof 1.762 91.9 91.5 -4.1 -1.1 -0.9 -0.1 -0.4 40 Rubber and articles thereof 1.034 82.3 82.7 -9.1 -1.3 -1.0 -1.2 0.5 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 1.038 102.1 102.7 -0.8 -1.2 -0.3 0.9 0.6 42 Articles of leather; travel goods, bags, etc. of various materials 0.837 100.5 101.1 -0.9 -0.9 0.0 0.6 0.6 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.614 100.2 96.7 -13.5 0.0 -0.3 -2.3 -3.5 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.415 83.4 83.9 -0.4 0.6 -0.5 -0.4 0.6 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.365 63.3 65.7 -1.4 -0.5 -1.2 -1.1 3.8 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.683 88.5 88.4 -0.1 0.5 0.1 -0.3 -0.1 49 Printed matter 0.367 99.4 100.0 -1.1 2.5 -2.0 0.0 0.6 XI TEXTILE AND TEXTILE ARTICLES 7.170 100.9 101.0 -0.5 -0.1 -0.1 -0.2 0.1 61 Articles of apparel and clothing accessories, knitted or crocheted 2.138 101.9 101.1 -0.2 0.0 0.0 0.0 -0.8 62 Articles of apparel and clothing accessories, not knitted or crocheted 3.462 103.3 103.9 0.4 -0.3 -0.1 0.0 0.6 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.345 94.1 93.7 -3.8 -0.3 0.4 -0.2 -0.4 3/ Other textile & textile articles (9612=100) 1.224 97.6 97.7 -2.8 -0.1 -0.5 -0.6 0.1 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 2.160 100.9 101.1 -0.2 -0.3 -0.1 0.1 0.2 64 Footwear, gaiters and the like; parts of such articles 1.859 100.5 100.7 -0.2 -0.5 -0.1 0.2 0.2 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 0.301 101.5 101.5 -0.1 0.3 0.1 -0.4 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.178 100.8 101.0 -1.5 0.3 -0.2 -0.1 0.2 69 Ceramic products 0.446 98.0 97.9 -1.4 0.3 -0.1 0.1 -0.1 70 Glass and glassware 0.455 100.4 100.6 -2.7 0.2 0.0 -0.4 0.2 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 2.372 101.8 100.3 2.0 2.1 1.2 1.6 -1.5 XV BASE METALS AND ARTICLES OF BASE METAL 5.886 91.0 90.3 -6.0 -0.9 -0.4 -0.1 -0.8 72 Iron and steel 1.797 93.4 92.2 -3.5 -0.9 -0.5 -0.2 -1.3 73 Articles of iron or steel 1.312 94.7 94.7 -2.8 -0.8 -0.2 -0.4 0.0 74 Copper and articles thereof 0.409 72.5 71.7 -17.2 -1.8 -0.7 1.3 -1.1 76 Aluminum and articles thereof 0.964 88.1 86.4 -8.1 -1.0 -1.2 -0.2 -1.9 83 Miscellaneous articles of base metal 0.421 99.2 100.4 -1.9 1.2 -1.5 -1.3 1.2 3/ Miscellaneous nonferrous metals and articles, including scrap (9612=100) 0.520 99.4 97.7 -15.3 -1.6 1.7 1.0 -1.7 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 30.288 85.9 85.4 -7.1 -0.3 -0.7 -0.3 -0.6 84 Specialized machinery & computer equipment 15.690 85.7 85.3 -8.4 -0.5 -1.1 -0.7 -0.5 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 14.598 85.9 85.4 -5.7 -0.1 -0.1 -0.2 -0.6 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 16.569 101.2 101.2 0.2 0.1 0.0 -0.3 0.0 87 Motor vehicles and their parts 15.647 100.9 100.9 0.2 0.1 0.0 -0.3 0.0 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES 3.639 92.2 92.1 -2.2 -0.4 -0.2 -0.1 -0.1 90 Optical, photographic, measuring and medical instruments 3.108 92.1 91.9 -2.4 -0.5 -0.2 0.0 -0.2 91 Clocks and watches and parts thereof 0.387 92.8 93.3 -1.2 -0.7 -0.3 -0.2 0.5 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.843 98.8 97.8 -2.1 0.0 -0.6 0.0 -1.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.668 100.0 97.9 -2.4 0.2 -0.3 0.0 -2.1 95 Toys, games and sports equipment; parts and accessories thereof 1.878 98.6 98.4 -2.1 -0.2 -1.0 -0.1 -0.2 96 Miscellaneous manufactured articles 0.296 93.4 93.5 -1.2 0.1 0.0 0.2 0.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for March, April and May 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, June 1997-June 1998 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance June Feb. March April May nized Description 1997 1998 1998 1998 1998 System May May June to to to to to 1998 1998 1998 June March April May June 1/ 2/ 1998 1998 1998 1998 1998 I LIVE ANIMALS; ANIMAL PRODUCTS 1.851 91.0 92.7 -1.3 1.5 0.0 1.3 1.9 02 Meat & edible meat offal 1.044 90.3 94.4 1.3 1.4 -0.3 1.2 4.5 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.456 80.9 79.9 -4.4 4.6 -0.5 1.3 -1.2 3/ Other live animals and animal products (9612=100) 0.351 94.5 92.8 -4.5 -2.4 1.5 1.8 -1.8 II VEGETABLE PRODUCTS 5.037 92.5 90.0 -12.0 -0.8 -3.2 0.5 -2.7 07 Edible vegetables and certain roots and tubers 0.336 104.5 105.2 14.0 7.0 -1.0 10.3 0.7 08 Edible fruit and nuts; peel of citrus fruit or melons 0.694 92.9 94.5 -7.0 0.6 2.4 -0.2 1.7 10 Cereals 2.364 84.4 80.8 -11.2 -1.4 -5.2 -0.2 -4.3 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.383 108.7 105.8 -19.5 -2.8 -2.4 0.2 -2.7 III ANIMAL OR VEGETABLE FATS AND OILS 0.554 107.9 109.4 15.5 -0.5 1.0 4.4 1.4 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.401 97.6 97.7 -7.5 -0.5 -0.5 -1.0 0.1 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.344 94.6 93.7 -12.5 3.5 0.3 -0.6 -1.0 21 Miscellaneous edible preparations 0.369 105.9 105.9 1.1 0.0 0.0 0.0 0.0 22 Beverages, spirits, and vinegar 0.330 97.7 98.5 -0.9 -1.6 0.2 -0.5 0.8 23 Residues and waste from the food industries; prepared animal feed 0.594 90.0 90.5 -26.4 -3.8 -2.5 -3.6 0.6 24 Tobacco and manufactured tobacco substitutes 1.258 99.9 99.8 -1.1 0.2 -0.2 -0.1 -0.1 3/ Other prepared foods 0.507 100.3 100.6 0.1 -0.1 0.0 -1.5 0.3 V MINERAL PRODUCTS 2.639 102.0 100.8 -7.5 -2.0 -0.7 -0.2 -1.2 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 2.108 105.5 104.0 -7.7 -2.3 -1.3 0.0 -1.4 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 8.674 93.5 93.3 -3.9 -0.8 0.0 -0.3 -0.2 28 Inorganic chemicals 0.956 103.2 102.8 1.3 -3.0 3.3 0.2 -0.4 29 Organic chemicals 2.689 81.0 80.3 -9.4 -2.1 -1.6 -0.2 -0.9 30 Pharmaceutical products 0.926 103.9 103.9 3.2 1.5 -0.8 0.0 0.0 31 Fertilizers (9612=100) 0.630 94.9 96.1 0.0 1.2 1.4 1.7 1.3 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.504 100.4 100.8 -0.8 0.0 0.0 -1.3 0.4 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.539 103.3 103.2 -0.5 -0.2 -0.3 0.4 -0.1 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.317 102.3 102.3 1.0 -0.1 -0.5 -0.2 0.0 37 Photographic or cinematographic goods 0.394 86.2 85.3 -11.0 0.7 -0.5 -0.5 -1.0 38 Miscellaneous chemical products 1.495 99.2 99.2 -4.2 -1.0 1.0 -1.4 0.0 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.299 94.6 94.0 -4.4 -0.7 -0.4 -0.4 -0.6 39 Plastics and articles thereof 3.404 93.9 93.1 -5.0 -1.0 -0.3 -0.4 -0.9 40 Rubber and articles thereof 0.895 97.2 97.6 -2.1 0.0 -0.7 -0.3 0.4 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.518 87.4 87.1 -8.9 3.2 -0.6 -1.4 -0.3 41 Raw hides and skins (other than furskins) and leather 0.369 83.7 81.9 -13.1 6.6 -1.7 -1.9 -2.2 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.189 84.9 84.3 -9.5 -0.7 -0.5 -1.4 -0.7 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 3.012 78.1 78.1 0.5 -0.4 -0.4 -0.1 0.0 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.687 60.8 61.3 -2.1 -0.2 -1.3 -0.7 0.8 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.503 84.5 84.0 0.7 -0.4 -0.1 -0.9 -0.6 49 Printed material 0.823 109.0 109.2 2.4 -0.3 0.0 1.9 0.2 XI TEXTILE AND TEXTILE ARTICLES 3.241 92.1 92.7 -0.9 0.0 -0.6 0.1 0.7 52 Cotton, including yarns and woven fabrics thereof 0.678 77.6 82.1 -1.1 0.3 -2.7 2.5 5.8 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. 0.866 103.7 103.7 0.4 0.0 -0.4 0.1 0.0 70 Glass and glassware 0.497 101.9 101.9 0.7 0.0 0.0 0.0 0.0 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 2.024 102.8 95.3 -2.9 1.7 0.5 5.7 -7.3 XV BASE METALS AND ARTICLES OF BASE METALS 4.537 93.0 92.7 -4.5 -0.8 -0.1 -0.6 -0.3 72 Iron and steel 0.915 86.8 85.4 -9.6 -1.4 -1.0 -1.1 -1.6 73 Articles of iron or steel 1.279 108.2 111.0 4.3 -0.1 -0.4 -0.4 2.6 74 Copper and articles thereof 0.379 71.7 69.6 -20.8 -2.0 2.5 1.4 -2.9 76 Aluminum and articles thereof 0.860 85.5 82.4 -7.8 -1.3 -0.7 -1.8 -3.6 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof 0.421 104.1 103.9 0.5 0.2 0.0 0.0 -0.2 83 Miscellaneous articles of base metal 0.379 100.4 100.4 -1.0 0.0 0.2 -0.1 0.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 36.768 95.0 94.0 -3.7 -0.4 -0.3 0.0 -1.1 84 Specialized machinery & computer equipment 20.498 96.1 95.0 -2.9 -0.3 -0.3 0.1 -1.1 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 16.270 93.6 92.9 -4.5 -0.6 -0.4 0.0 -0.7 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 13.916 105.1 105.1 0.5 0.0 0.1 0.0 0.0 87 Motor vehicles and their parts 9.619 102.0 102.0 0.0 0.0 0.0 0.0 0.0 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES 5.450 102.1 101.9 -0.6 0.2 0.0 -0.4 -0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.803 102.6 102.4 0.3 0.0 0.1 -0.1 -0.2 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.890 104.7 104.4 0.6 0.1 0.1 0.0 -0.3 95 Toys, games and sports equipment; parts and accessories thereof 0.740 100.7 100.6 0.3 0.0 0.0 0.0 -0.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for March, April and May 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, June 1997-June 1998 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports June Feb. March April May Description 1/ 1997 1998 1998 1998 1998 1995 May June to to to to to 1998 1998 June March April May June 2/ 1998 1998 1998 1998 1998 3/ Developed Countries 55.6 95.6 95.1 -2.4 0.0 -0.1 0.2 -0.5 Manufactured Goods 52.2 96.1 95.7 -1.4 0.1 0.0 0.1 -0.4 Nonmanufactured Goods 3.1 91.0 87.9 -16.1 -1.8 -1.1 2.0 -3.4 3/ Developing Countries 42.7 93.8 93.1 -8.6 -1.6 -0.5 -0.4 -0.7 Manufactured Goods 35.4 95.0 94.6 -5.1 -0.6 -0.5 -0.2 -0.4 Nonmanufactured Goods 7.1 82.9 81.3 -24.1 -6.9 0.5 -2.0 -1.9 Canada 18.9 97.2 96.2 -2.9 -0.2 0.1 0.7 -1.0 Manufactured Goods 16.5 98.0 97.5 -1.2 0.0 0.2 0.4 -0.5 Nonmanufactured Goods 2.2 94.6 91.0 -13.8 -1.4 -1.1 3.2 -3.8 4/ European Union 17.0 99.8 100.1 -1.0 -0.3 -0.6 0.4 0.3 Manufactured Goods 16.4 100.3 100.7 -0.1 -0.2 -0.6 0.5 0.4 Nonmanufactured Goods 0.5 87.6 85.0 -25.4 -2.8 -2.4 -1.2 -3.0 5/ Latin America (9712=100) 14.1 94.8 94.5 n.a. -2.2 -0.3 0.4 -0.3 Manufactured Goods (9712=100) 10.4 97.7 98.2 n.a. -0.7 -0.8 0.9 0.5 Nonmanufactured Goods (9712=100) 3.5 86.3 84.2 n.a. -6.9 2.1 -1.6 -2.4 Japan 16.6 89.1 88.5 -4.8 0.2 -0.6 -0.3 -0.7 6/ Asian Newly Industrialized Countries 10.9 88.0 86.9 -8.8 -0.8 -0.9 -1.1 -1.2 1 Regions are not mutually exclusive. 2 Data for March, April and May 1998 have been revised to reflect the availability of late reports and corrections by respondents. 3 Defined according to the Standard Census Definition. 4 Includes EU 15 countries. 5 Includes Mexico, Central America, South America, and the Caribbean. 6 Includes Hong Kong, Singapore, South Korea, and Taiwan. Table 8 U.S. Import and Export Price Indexes and Percent Changes for Selected Categories of Services. June 1997-June 1998 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade June June Sept. Dec. March Description (Mil. 1997 1997 1997 1997 1998 of March June to to to to to Dollars) 1998 1998 June Sept. Dec. March June 1998 1997 1997 1998 1998 IMPORT Air Freight 3188 80.5 81.5 -9.8 -2.0 -2.3 -7.0 1.2 Atlantic 1278 85.8 87.8 -2.8 -4.3 4.4 -4.9 2.3 Pacific 1674 76.3 76.7 -16.4 -0.3 -7.4 -9.9 0.5 Air Passenger Fares 11127 103.3 112.6 -0.5 -1.5 -6.5 -1.0 9.0 1/ Atlantic 4922 98.9 117.3 -3.2 0.7 -17.8 -1.5 18.6 1/ Pacific 2340 98.3 105.9 -4.9 -9.8 5.7 -7.4 7.7 1/ Latin American / Caribbean 3021 106.9 106.3 0.2 -0.2 -0.7 1.6 -0.6 1/ Crude Oil Tanker Freight 1346 95.5 n.a. n.a. -9.7 3.9 -0.1 n.a. Ocean Liner Freight 9868 93.4 100.9 3.9 -1.9 -1.9 -0.1 8.0 U.S. East Coast 4271 96.5 99.2 -1.4 -2.3 -1.6 -0.2 2.8 from Atlantic 1952 97.2 96.8 -3.1 -1.6 -1.6 0.5 -0.4 from Pacific 1774 94.8 101.2 0.4 -3.8 -2.3 0.0 6.8 1/ U.S. West Coast 5596 90.5 101.5 8.1 -1.6 -1.9 -0.1 12.2 EXPORT Air Freight (9612 = 100) 2562 94.9 94.5 -3.4 -1.2 -3.4 1.7 -0.4 Air Passenger Fares 17272 94.3 94.9 -7.9 -2.9 -7.9 2.4 0.6 1/ Atlantic 4120 101.7 110.8 1.0 -0.2 -7.4 0.3 8.9 1/ Pacific 10700 79.6 77.7 -14.7 -5.2 -9.6 1.9 -2.4 Latin American / Caribbean 1392 107.3 107.5 0.6 0.6 -0.9 0.8 0.2 Canadian 1006 166.1 160.2 2.0 0.3 -6.7 13.0 -3.6 1 Detailed data available upon reque n.a. Not available. Table 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. June 1997-June 1998 1995 = 100 Index Percent Change Annual Quarterly Trade June June Sept. Dec. March Description (Mil. 1997 1997 1997 1997 1998 of March June to to to to to Dollars) 1998 1998 June Sept. Dec. March June 1998 1997 1997 1998 1998 Air Freight (Inbound) 5495 82.9 83.4 -7.2 -1.6 -2.3 -4.2 0.6 Atlantic 1880 85.4 88.4 -0.6 -3.7 4.7 -4.7 3.5 Pacific 3151 81.3 80.3 -11.9 -0.1 -6.7 -4.2 -1.2 Air Freight (Outbound) 5835 97.2 96.0 -3.2 0.4 -1.9 -0.5 -1.2 Atlantic 2080 101.0 102.2 2.8 1.7 0.0 -0.1 1.2 Pacific 3222 95.5 92.4 -7.6 -0.3 -3.4 -0.8 -3.2 Air Passenger Fares (U.S. Carrier) 30673 99.3 107.7 -3.9 -2.6 -8.9 -0.2 8.5 1/ Atlantic 8811 94.2 116.8 -1.3 0.6 -17.8 -3.7 24.0 1/ Pacific 15900 89.9 93.6 -8.3 -6.1 -5.9 -0.3 4.1 1/ Latin American / Caribbean 4542 110.8 111.0 1.3 0.8 -1.2 1.5 0.2 Canadian 1367 173.6 167.9 4.2 0.6 -5.0 12.7 -3.3 Air Passenger Fares (Foreign Carrier) 31694 97.6 102.0 -3.9 -1.4 -4.7 -2.1 4.5 1/ Atlantic 13572 98.8 110.8 0.5 1.3 -9.9 -1.7 12.1 1/ Pacific 12570 84.7 82.8 -14.1 -5.6 -2.0 -5.0 -2.2 1/ Latin American / Caribbean 4224 105.3 105.1 0.3 -0.4 0.4 0.5 -0.2 1/ Crude Oil Tanker Freight (Inbound) 1949 103.5 n.a. n.a. -9.6 5.5 0.3 n.a. Ocean Liner Freight (Inbound) 12253 93.0 98.3 1.5 -2.0 -2.1 0.1 5.7 U.S. East Coast 5410 95.4 97.5 -2.1 -2.6 -1.3 -0.3 2.2 from Atlantic 2647 95.2 94.9 -3.9 -2.7 -1.3 0.4 -0.3 from Pacific 1874 93.1 98.8 -0.1 -3.7 -2.2 0.0 6.1 1/ U.S. West Coast 6844 90.6 98.4 4.6 -1.4 -2.8 0.4 8.6 1 Detailed data available upon reque 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 ( ) ______________________