Technical Information Jim Thomas (202) 606-7155 USDL-97-287 Bill Alterman (202) 606-7108 For release: 10:00 A.M. E.D.T. Media contact: Tuesday, August 19, 1997 Kathryn Hoyle (202) 606-5902 Internet Address: http://stats.bls.gov/ipphome.htm U.S. IMPORT AND EXPORT PRICE INDEXES -JULY 1997- The U.S. Import Price Index fell 0.2 percent in July, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Declines in both imported petroleum prices and nonpetroleum prices contributed to the July decrease. Led by a continued decline in agricultural prices, the U.S. Export Price Index also decreased in July, falling 0.1 percent. Percent changes in import and export price indexes by End Use category - not seasonally adjusted - IMPORTS EXPORTS Non- Agri- Nonagri- All Petroleum petroleum All cultural cultural Imports Imports Imports Exports Exports Exports Month 1996 July -0.1 1.9 -0.4 -0.5 -1.9 -0.2 August 0.1 2.2 -0.1 -0.2 -0.2 -0.2 September 1.2 7.5 0.4 -0.8 -7.3 0.2 October 0.5 7.1 -0.3 -0.2 -2.6 0.0 November -0.2 -0.8 -0.1 -0.4 -2.3 0.0 December 0.3 2.0 0.1 0.0 -0.9 0.1 1997 January -0.3 0.6 -0.4 0.1 0.1 0.0 February -0.9 -8.1 -0.1 0.2 2.1 0.0 March -1.3 -8.7 -0.4 0.1 1.5 -0.1 April -1.1 -7.3 r -0.5 -0.7 -6.9 0.1 May 0.0 1.0 r 0.0 r -0.3 r -1.1 -0.2 r June 0.0 r -1.8 r 0.0 r 0.0 r -1.9 0.2 r July -0.2 -0.7 -0.1 -0.1 -0.9 0.0 July 1995-96 -0.5 14.8 -2.0 0.1 13.7 -1.7 July 1996-97 -1.9 -8.2 -1.5 -2.3 -19.0 0.1 r = revised to reflect late reports and corrections by respondents. Import Goods Import prices declined on average in July, after remaining unchanged in the previous two months. The July decline resumed a downward trend in the index that dates back to the beginning of 1997. For the year ended in July, the index was down 1.9 percent. Both petroleum and nonpetroleum import prices contributed to the July decline, falling 0.7 and 0.1 percent, respectively. Imported petroleum prices fell 23.3 percent over the past six months, and were down 8.2 percent for the July 1996-1997 period. Prices for nonpetroleum imports have either declined or been unchanged over the past seven months and were down 1.5 percent over the past 12 months. Capital goods prices led the decline in nonpetroleum imports, falling 0.4 percent in July. Most of the decline in capital goods prices was attributable to falling prices for imported computers. For the year ended in July, capital goods prices were down 5.6 percent. The price index for imported foods, feeds, and beverages also fell in July, down 1.9 percent. This index was up 2.7 percent over the past 12 months. In contrast, the import price indexes for nonpetroleum industrial supplies and materials and automotive vehicles rose in July, up 0.3 and 0.2 percent, respectively. For the year ended in July, both indexes were up 0.5 percent. Prices for imported consumer goods were unchanged last month and down 0.5 percent over the past 12 months. Export Goods Export prices were largely unchanged for the second month in a row, falling a modest 0.1 percent after recording no change in the previous month. For the year ended in July, export prices were down 2.3 percent. The July decrease was led by agricultural export prices, down 0.9 percent, due primarily to continued declines in grain prices. Prices for agricultural exports fell 10.6 percent over the past four months and 19.0 percent for the year ended in July. In contrast, the price index for nonagricultural exports was unchanged in July after increasing 0.2 percent in June. Nonagricultural export prices have not changed by more than 0.2 percent over the past year and were up just 0.1 percent over the July 1996-1997 period. Prices for both consumer exports and exported automotive vehicles increased 0.2 percent in July after recording little movement the month before. The index for consumer goods was up 0.1 percent in June and 0.9 percent over the past year, while average prices of exported automotive vehicles were unchanged in June and up 1.3 percent for the year ended in July. Exported nonagricultural industrial supplies and materials prices were unchanged in July and up 0.7 percent over the past 12 months. In contrast, the export price index for capital goods, which accounts for about 44 percent of the overall export index, fell 0.1 percent last month. Capital goods prices decreased or were unchanged in each of the last six months and were down 0.7 percent over the year ended in July. Imports by Locality of Origin The price index for imports from Japan was unchanged in July after rising 0.3 percent the month before. (See table 7.) Despite the recent upturn, the index was still down 4.3 percent over the past 12 months. Import prices from Canada fell 0.2 percent on average for the second consecutive month. For the year ended in July, the index was down 0.9 percent. Prices for imports from the European Union fell 0.3 percent last month after increasing in June. The index was down 1.2 percent over the July 1996-1997 period. The price index of imports from the Asian Newly Industrialized Countries dropped 0.6 percent in July. The decline followed similar drops of 0.5 and 0.6 percent in June and May, respectively. Over the past year, the index fell 3.7 percent 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 August are scheduled for release on September 17 at 10:00 a.m. (EDT). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, July 1996-July 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June END Description 1996 1997 1997 1997 1997 USE June June July to to to to to 1997 1997 1997 July April May June July 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.3 98.1 -1.9 -1.1 0.0 0.0 -0.2 ALL IMPORTS EXCLUDING PETROLEUM 91.694 97.3 97.2 -1.5 -0.5 0.0 0.0 -0.1 0 FOODS, FEEDS, & BEVERAGES 4.848 101.7 99.8 2.7 -1.8 1.9 0.2 -1.9 00 Agricultural foods, feeds & beverages, excluding distilled beverages 3.510 101.1 98.0 0.9 -2.8 2.3 -0.2 -3.1 01 Nonagricultural foods (fish, distilled beverages) 1.338 103.1 104.3 7.3 0.8 0.9 1.3 1.2 1 INDUSTRIAL SUPPLIES & MATERIALS 26.810 100.4 100.5 -2.0 -2.9 0.6 -0.6 0.1 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.504 98.0 98.3 0.5 -0.9 0.5 0.0 0.3 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.892 100.2 100.0 2.5 -0.2 0.4 0.3 -0.2 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.612 95.5 96.2 -1.9 -1.5 0.4 -0.2 0.7 10 Fuels & lubricants 9.382 105.0 105.3 -6.8 -7.4 0.9 -1.6 0.3 100 Petroleum & petroleum products 8.306 104.6 103.9 -8.2 -7.3 1.0 -1.8 -0.7 10000 Crude 6.549 103.8 103.8 -9.3 -7.8 2.1 -2.9 0.0 11 Paper & paper base stocks 1.771 81.9 82.3 -8.9 0.4 2.4 -0.1 0.5 12 Materials associated with nondurable supplies & materials 5.972 95.8 95.6 -2.1 -0.8 0.2 -0.5 -0.2 13 Selected building materials 2.181 112.3 112.8 6.4 -0.9 1.0 -2.2 0.4 14 Unfinished metals associated with durable goods 4.582 98.0 97.4 3.9 0.3 0.4 1.9 -0.6 15 Finished metals associated with durable goods 1.440 96.6 96.5 -2.5 -0.2 0.0 -0.4 -0.1 16 Nonmetals associated with durable goods 1.482 96.0 96.3 -1.5 -0.7 -0.2 0.2 0.3 2 CAPITAL GOODS 28.740 92.1 91.7 -5.6 -1.0 -0.6 0.1 -0.4 20 Electric & electrical generating equipment 3.331 97.1 97.1 -2.1 0.0 -0.4 -0.1 0.0 21 Nonelectrical machinery 23.735 90.1 89.6 -6.9 -1.1 -0.8 0.1 -0.6 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 17.607 100.8 101.0 0.5 -0.2 -0.3 0.5 0.2 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 21.995 99.7 99.7 -0.5 0.0 0.2 -0.1 0.0 40 Nondurables, manufactured 10.852 101.2 101.2 0.6 0.3 0.5 -0.1 0.0 41 Durables, manufactured 10.073 98.1 98.2 -1.7 -0.1 -0.4 0.1 0.1 42 Nonmanufactured consumer goods 1.069 98.9 100.0 1.5 -1.5 3.8 -3.7 1.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for April, May and June 1997 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, July 1996-July 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June END Description 1996 1997 1997 1997 1997 USE June June July to to to to to 1997 1997 1997 July April May June July 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.7 98.6 -2.3 -0.7 -0.3 0.0 -0.1 AGRICULTURAL COMMODITIES 9.998 94.9 94.0 -19.0 -6.9 -1.1 -1.9 -0.9 NONAGRICULTURAL COMMODITIES 90.002 99.1 99.1 0.1 0.1 -0.2 0.2 0.0 0 FOODS, FEEDS, & BEVERAGES 8.936 95.2 94.3 -21.2 -7.5 -1.1 -1.9 -0.9 00 Agricultural foods, feeds & beverages, excluding distilled beverages 8.242 96.0 95.0 -22.6 -8.0 -1.0 -2.0 -1.0 01 Nonagricultural foods (fish, distilled beverages) 0.694 87.6 87.9 -6.7 -1.4 -1.6 -0.5 0.3 1 INDUSTRIAL SUPPLIES & MATERIALS 25.523 95.5 95.5 0.7 0.0 -0.1 0.3 0.0 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.944 96.5 96.5 0.7 -0.1 -0.1 0.4 0.0 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 15.578 94.8 94.9 0.7 -0.1 0.0 0.1 0.1 10 Agricultural industrial supplies & materials 1.756 91.6 91.7 -0.2 -1.9 -1.6 -1.1 0.1 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 23.766 95.8 95.8 0.7 0.1 0.0 0.4 0.0 11 Fuels & lubricants 2.431 110.0 109.7 0.9 -0.5 -0.2 0.0 -0.3 12 Nonagricultural supplies & materials excluding fuels & building materials 19.751 93.3 93.4 0.3 0.3 0.0 0.5 0.1 13 Selected building materials 1.584 95.4 95.4 0.6 -1.6 -0.1 0.0 0.0 2 CAPITAL GOODS 44.120 100.1 100.0 -0.7 -0.1 -0.2 0.0 -0.1 20 Electric & electrical generating Equipment 4.389 101.1 101.2 0.3 0.2 -0.1 0.5 0.1 21 Nonelectrical machinery 34.364 97.6 97.4 -1.9 -0.1 -0.3 -0.3 -0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 9.649 102.1 102.3 1.3 0.3 -0.1 0.0 0.2 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 11.773 102.0 102.2 0.9 0.1 0.1 0.1 0.2 40 Nondurables, manufactured 6.192 101.5 101.8 0.4 -0.3 0.1 0.3 0.3 41 Durables, manufactured 5.040 101.9 102.0 1.0 0.6 0.1 -0.2 0.1 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for April, May and June 1997 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, July 1996-July 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June SITC Description 1996 1997 1997 1997 1997 Rev. 3 June June July to to to to to 1997 1997 1997 July April May June July 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.3 98.1 -1.9 -1.1 0.0 0.0 -0.2 0 FOOD AND LIVE ANIMALS 4.150 102.6 100.3 6.6 -2.3 4.1 -1.0 -2.2 01 Meat and meat preparations 0.348 101.9 101.9 12.0 1.2 -1.1 -1.5 0.0 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 1.016 103.6 104.5 9.3 0.7 1.7 1.5 0.9 05 Vegetables and fruit, prepared fresh or dried 1.021 97.6 100.7 1.0 -8.6 5.2 -8.6 3.2 07 Coffee, tea, cocoa, spices and manufactures thereof 0.824 118.4 99.5 21.8 -0.5 9.9 9.8 -16.0 3/ Other food and live animals (9612=100) 0.940 100.4 99.9 n.a. 0.1 3.1 -2.5 -0.5 1 BEVERAGES AND TOBACCO 0.838 107.5 107.7 3.5 0.3 -0.2 0.5 0.2 11 Beverages 0.704 104.0 104.2 2.7 0.3 -0.1 0.5 0.2 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 2.990 97.2 97.3 4.8 -1.4 2.2 -2.5 0.1 23 Crude rubber (including synthetic and reclaimed) 0.278 83.9 78.2 -11.9 -4.0 -3.2 2.2 -6.8 24 Cork and wood 1.112 122.5 123.3 10.8 -1.0 1.6 -3.5 0.7 25 Pulp and waste paper 0.364 65.8 66.6 0.8 -1.7 0.9 2.2 1.2 28 Metalliferous ores and metal scrap 0.643 105.5 103.7 8.2 2.9 -0.4 -0.1 -1.7 29 Crude animal and vegetable materials, n.e.s. (9612=100) 0.246 95.9 103.9 n.a. -10.4 24.2 -18.1 8.3 3/ Other crude materials, inedible, except fuels (9612=100) 0.347 97.2 97.7 n.a. -0.2 -1.5 1.2 0.5 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 9.062 104.6 105.3 -6.4 -7.6 1.0 -1.7 0.7 33 Petroleum, petroleum products and related materials 7.899 104.1 103.9 -8.1 -7.3 1.4 -2.1 -0.2 34 Gas, natural and manufactured 1.042 113.3 121.2 12.5 -9.7 -1.5 1.2 7.0 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 5.561 96.4 96.4 -2.4 -1.2 -0.1 -0.1 0.0 51 Organic chemicals 1.581 95.9 96.2 -2.9 -3.3 0.0 -0.6 0.3 52 Inorganic chemicals 0.671 98.7 98.5 -1.9 -0.4 -0.3 -2.1 -0.2 53 Dyeing, tanning and coloring materials 0.289 97.9 97.5 -4.1 0.2 0.0 0.8 -0.4 54 Medicinal and pharmaceutical products 0.904 96.3 96.5 -2.9 0.0 -0.6 0.9 0.2 55 Essential oils; polishing and cleansing preps 0.318 97.0 96.8 -3.9 0.6 -0.1 -1.7 -0.2 57 Plastics in primary forms 0.363 91.6 91.6 -4.5 -2.2 1.5 0.8 0.0 58 Plastics in nonprimary forms 0.559 88.6 89.6 3.6 0.1 -0.5 3.3 1.1 59 Chemical materials and products, n.e.s. 0.654 103.5 103.1 -3.4 -0.4 0.0 -0.7 -0.4 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 12.545 96.8 96.7 -1.4 -0.1 0.5 0.4 -0.1 62 Rubber manufactures, n.e.s. 0.731 97.6 97.7 -1.9 0.1 -0.1 0.2 0.1 63 Cork and wood manufactures other than furniture 0.555 99.0 99.2 n.a. 0.5 -0.2 -0.5 0.2 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.580 87.5 87.7 -11.1 0.7 2.7 -0.5 0.2 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.416 100.5 100.2 -0.3 0.2 -0.4 0.2 -0.3 66 Nonmetallic mineral manufactures, n.e.s. 2.132 102.6 103.0 1.5 -0.4 0.4 -0.6 0.4 67 Iron and steel 2.031 96.3 96.5 -0.8 0.4 -0.1 -0.2 0.2 68 Nonferrous metals 1.960 95.3 94.1 5.1 -0.5 1.3 3.8 -1.3 69 Manufactures of metals, n.e.s. 1.973 98.9 98.6 -2.3 -0.5 -0.1 0.0 -0.3 7 MACHINERY AND TRANSPORT EQUIPMENT 46.958 95.7 95.4 -3.1 -0.5 -0.5 0.2 -0.3 71 Power generating machinery and equipment (9612=100) 2.969 99.2 99.3 n.a. 0.0 -0.3 0.0 0.1 72 Machinery specialized for particular industries 2.683 99.3 99.4 -1.4 -0.5 -0.3 0.4 0.1 73 Metalworking machinery 0.821 98.3 98.0 -3.1 0.1 0.1 0.3 -0.3 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.427 98.4 98.3 -2.4 -0.4 -0.1 0.4 -0.1 75 Computer equipment and office machines 7.289 81.2 79.8 -12.7 -1.4 -1.6 -0.9 -1.7 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.567 93.4 93.2 -3.9 -0.7 -0.6 0.3 -0.2 77 Electrical machinery and equipment 9.662 90.2 90.1 -5.2 -0.8 -0.3 0.4 -0.1 78 Road vehicles 14.498 100.8 101.0 0.4 -0.2 -0.2 0.4 0.2 8 MISCELLANEOUS MANUFACTURED ARTICLES 17.435 100.4 100.5 0.0 0.2 0.2 -0.1 0.1 81 Prefabricated buildings; plumbing, heat & lighting fixtures, n.e.s. 0.383 96.2 96.1 -4.9 0.1 -0.2 0.3 -0.1 82 Furniture and parts thereof 1.257 102.9 103.2 2.2 1.1 -0.2 -0.4 0.3 83 Travel goods, handbags and similar containers 0.502 101.2 101.3 -0.4 -0.1 -0.2 0.1 0.1 84 Articles of apparel and clothing accessories 5.825 103.1 103.1 1.8 0.8 0.9 -0.3 0.0 85 Footwear 1.762 101.1 101.3 0.9 0.0 -0.1 0.2 0.2 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.586 97.1 97.3 -2.5 -0.4 -0.4 0.5 0.2 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.342 94.4 95.0 -2.2 0.3 -1.3 0.0 0.6 89 Miscellaneous manufactured articles, n.e.s. 4.778 99.6 99.6 -1.2 -0.1 0.0 -0.1 0.0 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for April, May and June 1997 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, July 1996-July 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June SITC Description 1996 1997 1997 1997 1997 Rev. 3 June June July to to to to to 1997 1997 1997 July April May June July 1/ 2/ 1997 1997 1997 1997 1997 ALL COMMODITIES 100.000 98.7 98.6 -2.3 -0.7 -0.3 0.0 -0.1 0 FOOD AND LIVE ANIMALS 7.247 93.3 92.7 -22.5 -6.0 -1.6 -2.4 -0.6 01 Meat and meat preparations 1.137 95.3 95.7 -3.1 0.3 -1.0 -0.4 0.4 03 Fish, crustaceans, aquatic invertebrates and preparations 0.518 85.3 85.2 -8.3 -1.8 -1.8 -0.7 -0.1 04 Cereals and cereal preparations 2.324 78.6 77.3 -44.9 -15.1 -4.7 -7.4 -1.7 05 Vegetables, fruit and nuts, fresh or dried 1.443 101.7 103.6 -1.6 -1.1 0.6 1.0 1.9 08 Feeding stuff for animals (not including unmilled cereals) 0.890 127.2 120.3 1.3 0.6 1.2 -0.3 -5.4 09 Miscellaneous edible products and preparations 0.384 103.5 103.6 n.a. 0.0 0.4 -0.2 0.1 3/ Other food and live animals (9612=100) 0.550 103.6 105.8 n.a. 0.2 -0.3 0.8 2.1 1 BEVERAGES ANB TOBACCO 1.501 100.8 101.2 0.6 0.0 0.2 0.4 0.4 12 Tobacco and tobacco manufactures 1.239 100.9 101.3 n.a. -0.1 0.4 0.5 0.4 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 5.777 89.3 89.4 0.1 -5.0 0.3 0.6 0.1 21 Hides, skins and furskins, raw 0.329 100.8 96.3 0.5 -1.6 -3.3 -8.4 -4.5 22 Oil seeds and oleaginous fruits 1.191 109.7 105.3 -19.3 -17.9 1.4 -1.0 -4.0 24 Cork and wood 0.978 94.0 93.8 -0.2 -1.9 0.0 -0.2 -0.2 25 Pulp and waste paper 0.758 65.8 69.0 18.2 0.5 2.7 8.8 4.9 26 Textile fibers and their waste 0.826 83.4 84.2 -2.0 -2.0 -0.2 0.1 1.0 27 Crude fertilizers and crude minerals 0.334 97.8 97.9 0.9 0.0 0.4 0.5 0.1 28 Metalliferous ores and metal scrap 0.946 91.7 94.7 11.7 -0.3 0.2 2.3 3.3 3/ Other crude materials, inedible, except fuels (9612=100) 0.415 98.6 98.1 n.a. -1.6 -0.8 -1.6 -0.5 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 2.139 110.9 110.5 1.5 -0.6 0.0 0.2 -0.4 32 Coal, coke and briquettes 0.692 102.0 101.8 -0.7 0.3 -0.1 -0.4 -0.2 33 Petroleum, petroleum products and related materials 1.301 119.4 119.1 4.9 0.3 0.1 -0.5 -0.3 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.444 94.7 93.3 -0.5 -3.2 0.2 1.2 -1.5 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 10.900 96.5 96.3 -1.0 -0.2 0.1 -0.2 -0.2 51 Organic chemicals 2.562 84.9 85.0 -3.3 -1.2 0.2 -0.5 0.1 52 Inorganic chemicals 0.833 99.4 99.8 -2.3 0.3 0.2 -0.4 0.4 53 Dyeing, tanning and coloring materials 0.492 102.0 102.1 1.4 -0.4 -0.4 0.4 0.1 54 Medicinal and pharmaceutical products 1.225 101.6 101.2 -0.5 0.7 -0.1 0.1 -0.4 55 Essential oils; polishing and cleansing preps 0.753 102.9 103.1 2.4 0.0 0.6 0.1 0.2 56 Fertilizers (9612=100) 0.564 96.2 97.0 n.a. -2.0 0.4 1.6 0.8 57 Plastics in primary forms 1.889 97.1 95.9 -0.4 0.0 -0.2 -0.5 -1.2 58 Plastics in nonprimary forms 0.825 99.1 99.1 -1.4 -0.2 0.9 -0.3 0.0 59 Chemical materials and products, n.e.s. 1.757 104.0 103.6 0.6 0.5 0.3 -0.3 -0.4 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.667 98.2 98.3 1.1 0.3 -0.1 0.5 0.1 62 Rubber manufactures, n.e.s. 0.671 103.2 103.1 0.4 0.3 0.1 0.1 -0.1 63 Cork and wood manufactures other than furniture 0.288 90.8 91.4 1.1 -2.2 -0.8 0.9 0.7 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.500 83.5 84.7 -3.0 -1.0 0.7 0.7 1.4 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.405 103.2 102.5 n.a. 2.0 -0.6 0.1 -0.7 66 Nonmetallic mineral manufactures, n.e.s. 1.290 104.3 104.5 2.7 0.0 0.1 0.2 0.2 67 Iron and steel 1.099 102.8 102.9 n.a. -0.2 -0.2 -0.2 0.1 68 Nonferrous metals 1.291 93.2 92.5 2.4 0.3 -0.3 1.6 -0.8 69 Manufactures of metals, n.e.s. 1.966 104.4 104.3 3.5 0.8 -0.4 0.8 -0.1 7 MACHINERY AND TRANSPORT EQUIPMENT 50.337 100.6 100.5 -0.1 0.1 -0.2 0.2 -0.1 71 Power generating machinery and equipment 4.243 106.4 106.4 2.2 0.7 0.2 -0.1 0.0 72 Machinery specialized for particular industries 4.627 104.2 104.1 1.2 0.1 0.5 -0.1 -0.1 73 Metalworking machinery 0.943 104.4 104.6 2.2 -0.2 -0.7 0.5 0.2 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 4.941 104.5 104.5 1.9 0.5 -0.2 0.1 0.0 75 Computer equipment and office machines 6.617 84.5 83.9 -9.0 -0.5 -1.4 -0.7 -0.7 76 Telecommunications & sound recording & reproducing apparatus & equipment 3.779 99.6 99.6 -1.4 0.0 -0.3 0.0 0.0 77 Electrical machinery and equipment 11.829 96.6 96.6 -1.5 0.2 -0.1 -0.2 0.0 78 Road vehicles 9.004 101.8 102.0 1.1 0.1 -0.2 0.1 0.2 8 MISCELLANEOUS MANUFACTURED ARTICLES 11.151 101.7 101.7 0.9 -0.1 0.2 0.1 0.0 82 Furniture and parts thereof 0.628 103.6 103.5 1.6 0.0 1.2 -0.2 -0.1 84 Articles of apparel and clothing accessories 1.242 101.3 102.4 n.a. 0.0 0.0 -0.1 1.1 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.674 103.4 103.6 2.1 -0.7 0.2 0.1 0.2 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s. 0.942 99.0 99.7 n.a. -0.9 0.7 0.8 0.7 89 Miscellaneous manufactured articles, n.e.s. 4.213 100.6 100.0 -0.7 0.4 0.1 0.0 -0.6 3/ Other miscellaneous manufactured articles (9612=100) 0.452 100.9 100.9 n.a. 0.1 0.1 0.0 0.0 1 Relative importance figures are based on n.a. Not available. 1995 trade values. 2 Data for April, May and June 1997 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, July 1996-July 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance July March April May June nized Description 1996 1997 1997 1997 1997 System June June July to to to to to 1997 1997 1997 July April May June July 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.543 101.2 102.2 9.2 0.6 2.4 -1.4 1.0 02 Meat and edible meat offal 0.266 96.1 97.6 9.7 1.1 -1.7 -2.2 1.6 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.888 103.8 104.5 9.8 0.6 2.2 0.7 0.7 3/ Other live animals and animal products (9612=100) 0.389 101.5 102.7 n.a. 0.4 5.7 -5.1 1.2 II VEGETABLE PRODUCTS 1.594 93.5 92.1 5.6 -6.7 8.2 -5.4 -1.5 07 Edible vegetables and certain roots and tubers 0.238 n.a. n.a. n.a. -21.6 21.2 n.a. n.a. 08 Edible fruit and nuts; peel of citrus fruit or melons 0.453 101.8 100.9 1.6 -2.3 -0.6 -2.0 -0.9 09 Coffee, tea, mate and spices 0.502 104.5 91.9 18.4 -1.9 10.5 7.5 -12.1 3/ Other vegetable products 0.401 93.4 94.2 -0.5 -4.8 7.3 -8.2 0.9 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 2.053 101.7 102.2 -1.0 0.5 0.1 0.3 0.5 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.274 92.3 92.0 -17.7 -2.9 0.2 -1.0 -0.3 22 Beverages, spirits, and vinegar 0.732 103.1 103.2 1.5 0.4 -0.3 0.1 0.1 3/ Other prepared foodstuffs (9612=100) 1.047 101.0 101.9 n.a. 1.7 0.2 0.9 0.9 V MINERAL PRODUCTS 9.649 104.4 104.9 -6.4 -7.3 1.0 -1.6 0.5 26 Ores, slag and ash 0.295 103.6 102.0 4.5 3.9 0.0 -0.2 -1.5 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 9.125 104.4 105.0 -7.1 -7.8 1.0 -1.6 0.6 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 5.215 99.5 99.2 -1.9 -0.8 -0.1 -0.5 -0.3 28 Inorganic chemicals 0.852 103.9 103.3 1.4 0.0 -0.4 -1.1 -0.6 29 Organic chemicals 1.996 96.3 96.2 -3.7 -2.8 0.1 -0.2 -0.1 30 Pharmaceutical products 0.552 102.6 103.2 1.5 0.6 0.1 0.8 0.6 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.291 97.4 96.9 -4.2 0.3 -0.1 1.5 -0.5 37 Photographic or cinematographic goods 0.356 99.3 99.5 1.2 1.8 -0.3 -1.1 0.2 38 Miscellaneaous chemical products (9612=100) 0.413 98.5 98.4 n.a. 0.3 -0.5 -0.1 -0.1 3/ Other products of the chemical or allied industries (9612=100) 0.756 97.6 96.3 n.a. 0.4 -0.5 -2.1 -1.3 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.825 93.8 93.2 -2.0 -0.7 -0.2 0.9 -0.6 39 Plastics and articles thereof 1.739 95.6 95.8 0.6 -0.6 0.2 1.2 0.2 40 Rubber and articles thereof 1.086 91.1 89.4 -5.9 -1.1 -1.1 0.6 -1.9 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 0.999 103.5 103.7 1.1 -0.4 0.6 -0.5 0.2 42 Articles of leather; travel goods, bags, etc. of various materials 0.807 102.0 101.9 0.4 0.1 0.2 0.3 -0.1 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.708 111.8 112.3 5.1 -1.0 1.2 -2.7 0.4 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.315 84.2 84.6 -6.8 0.1 1.9 -0.2 0.5 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.364 66.6 67.3 0.6 -2.0 1.1 2.0 1.1 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.597 88.5 88.6 -10.1 0.7 2.3 -0.4 0.1 49 Printed matter 0.354 101.1 101.8 1.2 -0.2 1.1 -0.7 0.7 XI TEXTILE AND TEXTILE ARTICLES 6.887 102.2 102.2 1.5 0.7 0.9 -0.4 0.0 61 Articles of apparel and clothing accessories, knitted or crocheted 2.016 101.2 100.8 -1.0 0.7 -0.2 -0.1 -0.4 62 Articles of apparel and clothing accessories, not knitted or crocheted 3.335 104.9 105.3 4.1 1.0 2.1 -0.7 0.4 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.339 97.4 97.5 -2.8 -0.3 -1.2 0.5 0.1 3/ Other textile & textile articles (9612=100) 1.197 100.6 100.3 n.a. 0.2 -0.2 -0.3 -0.3 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 2.058 101.3 101.4 0.9 0.1 0.0 0.2 0.1 64 Footwear, gaiters and the like; parts of such articles 1.772 100.9 101.1 0.7 0.0 -0.1 0.2 0.2 3/ Other footwear, headgear, umbrellas, whips, art. flowers, etc. (9612=100) 0.286 101.6 101.5 n.a. 1.1 0.2 0.1 -0.1 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.137 102.5 102.9 0.2 -0.4 0.2 -1.0 0.4 69 Ceramic products 0.429 99.3 99.6 n.a. -0.8 -0.4 -1.3 0.3 70 Glass and glassware 0.444 103.4 103.5 0.3 1.0 -0.2 -1.1 0.1 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 2.173 98.3 98.6 -0.4 -0.1 0.4 0.6 0.3 XV BASE METALS AND ARTICLES OF BASE METAL 5.899 96.2 95.3 0.0 0.0 0.3 0.7 -0.9 72 Iron and steel 1.743 95.5 95.5 -0.8 0.3 -0.1 0.0 0.0 73 Articles of iron or steel 1.281 97.4 97.1 -3.7 -0.4 -0.1 -0.8 -0.3 74 Copper and articles thereof 0.466 87.0 87.7 9.4 0.7 -1.6 3.0 0.8 76 Aluminum and articles thereof 0.981 94.6 92.2 1.1 -1.0 0.5 1.8 -2.5 83 Miscellaneous articles of base metal 0.411 102.1 102.0 0.1 0.7 -0.1 -1.1 -0.1 3/ Miscellaneous nonferrous metals and articles, including scrap (9612=100) 0.573 115.4 110.0 n.a. 2.6 3.8 3.5 -4.7 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 30.791 92.0 91.5 -5.5 -1.1 -0.5 0.1 -0.5 84 Specialized machinery & computer equipment 16.172 93.1 92.5 -5.2 -1.2 -0.6 -0.1 -0.6 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 14.619 90.7 90.3 -5.8 -1.0 -0.6 0.4 -0.4 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 15.685 101.0 101.2 0.4 -0.2 -0.2 0.4 0.2 87 Motor vehicles and their parts 14.820 100.8 100.9 0.2 -0.1 -0.3 0.5 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 3.528 94.3 94.3 -3.9 -0.3 -0.7 0.3 0.0 90 Optical, photographic, measuring and medical instruments 3.014 94.2 94.1 -4.0 -0.3 -0.8 0.3 -0.1 91 Clocks and watches and parts thereof 0.373 94.4 95.3 -3.0 -0.2 -0.6 0.3 1.0 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.686 99.9 100.2 -0.3 0.5 -0.3 0.0 0.3 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.586 100.3 100.5 0.7 0.8 -0.2 -0.1 0.2 95 Toys, games and sports equipment; parts and accessories thereof 1.815 100.5 100.8 -1.0 0.1 -0.1 -0.2 0.3 96 Miscellaneous manufactured articles 0.285 94.6 94.8 -1.3 1.1 -1.7 1.4 0.2 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for April, May and June 1997 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, July 1996-July 1997 1995=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance July March April May June nized Description 1996 1997 1997 1997 1997 System June June July to to to to to 1997 1997 1997 July April May June July 1/ 2/ 1997 1997 1997 1997 1997 I LIVE ANIMALS; ANIMAL PRODUCTS 1.874 93.9 94.5 -3.9 -0.4 -1.0 -0.6 0.6 02 Meat & edible meat offal 1.058 93.2 93.5 -4.2 0.4 -1.2 -0.4 0.3 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.462 83.6 84.1 -9.5 -2.0 -1.1 -0.9 0.6 3/ Other live animals and animal products (9612=100) 0.354 97.2 98.9 n.a. -0.7 -0.9 -1.3 1.7 II VEGETABLE PRODUCTS 4.799 89.8 88.7 -32.5 -12.7 -1.9 -3.6 -1.2 07 Edible vegetables and certain roots and tubers 0.292 92.6 97.9 -2.5 -4.7 1.0 -3.1 5.7 08 Edible fruit and nuts; peel of citrus fruit or melons 0.744 101.6 104.7 0.0 -0.2 0.6 3.1 3.1 10 Cereals 2.093 76.2 74.9 -48.2 -16.3 -5.3 -8.1 -1.7 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.372 109.8 105.2 -17.7 -15.7 0.9 -1.3 -4.2 III ANIMAL OR VEGETABLE FATS AND OILS 0.477 94.7 93.6 -1.5 -2.8 0.3 1.0 -1.2 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.610 105.6 104.3 -0.5 0.1 0.0 0.0 -1.2 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.382 107.1 103.8 -2.8 -0.2 -1.9 -0.1 -3.1 21 Miscellaneous edible preparations 0.357 104.3 104.4 1.4 0.0 0.4 -0.2 0.1 22 Beverages, spirits, and vinegar 0.329 99.4 99.4 n.a. 0.1 -0.5 -0.1 0.0 23 Residues and waste from the food industries; prepared animal feed 0.797 123.0 117.1 -1.5 0.5 0.6 -0.9 -4.8 24 Tobacco and manufactured tobacco substitutes 1.247 100.9 101.3 n.a. -0.1 0.4 0.5 0.4 3/ Other prepared foods 0.499 100.5 100.8 n.a. 0.5 -0.5 0.3 0.3 V MINERAL PRODUCTS 2.766 109.0 110.1 4.8 -0.5 0.0 0.4 1.0 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 2.210 112.7 112.4 2.2 -0.6 0.1 -0.1 -0.3 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 8.843 97.1 97.2 -0.8 -0.3 0.2 -0.1 0.1 28 Inorganic chemicals 0.923 101.5 101.7 -1.2 0.5 0.3 -0.5 0.2 29 Organic chemicals 2.886 88.6 88.7 -2.6 -0.7 0.2 -0.4 0.1 30 Pharmaceutical products 0.881 100.7 100.4 -0.5 0.1 -0.1 0.0 -0.3 31 Fertilizers (9612=100) 0.627 96.2 97.0 n.a. -2.0 0.4 1.6 0.8 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.501 101.6 101.8 1.1 -0.5 -0.5 0.4 0.2 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.531 103.6 103.8 3.3 0.0 0.7 0.1 0.2 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.308 101.3 101.5 0.8 0.1 0.3 0.0 0.2 37 Photographic or cinematographic goods 0.430 95.8 97.2 0.4 -2.0 -0.3 1.4 1.5 38 Miscellaneous chemical products 1.534 103.7 103.2 -0.1 0.3 0.2 -0.3 -0.5 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.387 98.4 97.9 -0.6 -0.2 0.1 -0.2 -0.5 39 Plastics and articles thereof 3.486 98.0 97.4 -0.8 -0.1 0.1 -0.1 -0.6 40 Rubber and articles thereof 0.901 99.7 99.7 0.1 -0.6 -0.1 -0.5 0.0 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.556 95.6 93.8 0.0 -0.9 -1.4 -6.8 -1.9 41 Raw hides and skins (other than furskins) and leather 0.407 94.2 91.7 5.5 -1.1 -2.3 -5.5 -2.7 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.291 93.9 93.8 0.3 -1.9 -0.2 0.0 -0.1 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.939 77.7 79.1 0.9 -0.8 1.5 2.5 1.8 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.693 62.5 65.4 9.7 0.0 2.1 8.5 4.6 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.457 83.4 84.7 -3.4 -1.8 1.0 0.8 1.6 49 Printed material 0.789 106.6 106.5 2.7 0.6 1.6 0.9 -0.1 XI TEXTILE AND TEXTILE ARTICLES 3.230 93.5 93.7 -0.5 0.3 -0.3 0.1 0.2 52 Cotton, including yarns and woven fabrics thereof 0.711 83.0 84.0 -1.9 -1.5 -0.2 0.0 1.2 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMIC, GLASS ETC. 0.847 103.3 103.6 n.a. 0.1 0.0 0.1 0.3 70 Glass and glassware 0.485 101.2 101.2 n.a. 0.1 -0.1 0.2 0.0 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.894 98.1 98.5 -1.5 1.0 -1.2 1.6 0.4 XV BASE METALS AND ARTICLES OF BASE METALS 4.646 97.1 96.9 2.1 0.5 -0.5 0.7 -0.2 72 Iron and steel 0.980 94.7 95.1 -1.6 0.5 -1.1 1.3 0.4 73 Articles of iron or steel 1.234 106.4 106.4 5.2 0.5 -0.3 0.2 0.0 74 Copper and articles thereof 0.457 87.9 86.8 6.0 0.8 -0.9 0.5 -1.3 76 Aluminum and articles thereof 0.883 89.4 88.9 1.8 0.1 -0.2 0.6 -0.6 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof 0.410 103.4 103.4 n.a. -0.4 -0.2 0.4 0.0 83 Miscellaneous articles of base metal 0.376 101.4 101.3 1.7 0.6 -0.3 1.6 -0.1 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 36.891 97.6 97.3 -1.9 0.1 -0.3 -0.2 -0.3 84 Specialized machinery & computer equipment 20.290 97.8 97.4 -2.1 0.0 -0.4 -0.2 -0.4 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 16.601 97.3 97.0 -1.8 0.1 -0.1 -0.2 -0.3 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 13.596 104.6 104.7 2.4 0.1 -0.1 0.8 0.1 87 Motor vehicles and their parts 9.435 102.0 102.1 1.1 0.0 -0.1 0.2 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 5.375 102.6 102.6 1.4 -0.2 0.0 0.5 0.0 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.762 102.1 102.1 0.8 0.0 0.5 -0.1 0.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.866 103.8 103.7 1.5 0.1 1.0 -0.1 -0.1 95 Toys, games and sports equipment; parts and accessories thereof 0.724 100.3 100.5 0.1 -0.1 0.0 -0.2 0.2 1 Relative importance figures are based on n.a. Not available 1995 trade values. 2 Data for April, May and June 1997 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,July 1996-July 1997 1995=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports July March April May June Description 1/ 1996 1997 1997 1997 1997 1995 June July to to to to to 1997 1997 July April May June July 2/ 1997 1997 1997 1997 1997 3/ Developed Countries 55.6 97.4 97.2 -2.4 -0.8 -0.1 0.0 -0.2 Manufactured Goods 52.2 97.1 97.1 -2.0 -0.4 -0.3 0.1 0.0 Nonmanufactured Goods 3.1 104.4 102.2 -7.8 -6.6 1.8 -1.5 -2.1 3/ Developing Countries 42.7 102.0 101.3 -0.2 -1.2 0.2 -0.1 -0.7 Manufactured Goods 35.4 99.7 99.5 -0.2 -0.2 -0.3 -0.1 -0.2 Nonmanufactured Goods 7.1 107.4 105.1 -3.0 -6.2 3.0 -0.6 -2.1 Canada 18.9 99.1 98.9 -0.9 -0.7 0.3 -0.2 -0.2 Manufactured Goods 16.5 98.7 98.7 0.5 -0.1 0.0 0.1 0.0 Nonmanufactured Goods 2.2 105.2 103.5 -9.3 -4.8 1.8 -2.1 -1.6 4/ European Union 17.0 101.1 100.8 -1.2 -0.6 -0.1 0.2 -0.3 Manufactured Goods 16.4 100.8 100.5 -1.2 -0.1 -0.2 0.1 -0.3 Nonmanufactured Goods 0.5 113.9 110.3 -2.0 -12.9 3.2 2.4 -3.2 Japan 16.6 93.1 93.1 -4.3 -0.7 -0.7 0.3 0.0 5/ Asian Newly Industrialized Countries 10.9 95.3 94.7 -3.7 0.1 -0.6 -0.5 -0.6 1 Regions are not mutually exclusive. 2 Data for April, May and June 1997 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 Hong Kong, Singapore, South Korea, and Taiwan. Table 9 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. June 1996-June 1997 1995 = 100 Index Percent Change Annual Quarterly Trade June June Sept. Dec. March Description (Mil. 1996 1996 1996 1996 1997 of March June to to to to to Dollars) 1997 1997 June Sept. Dec. March June 1997 1996 1996 1997 1997 Air Freight (Inbound) 5495 89.5 89.9 -5.5 0.5 -0.6 -5.8 0.4 Atlantic 1880 89.7 88.9 -4.6 1.8 1.8 -7.1 -0.9 Pacific 3151 89.8 91.1 -5.3 -0.6 -1.7 -4.5 1.4 Air Freight (Outbound) 5835 99.8 99.2 -0.2 -0.5 0.3 0.6 -0.6 Atlantic 2080 99.9 99.4 0.5 -0.2 0.3 0.9 -0.5 Pacific 3222 100.3 100.0 -0.7 -0.9 0.4 0.1 -0.3 Air Passenger Fares (U.S. Carrier) 30673 97.1 113.0 8.3 2.9 -5.3 -4.4 16.4 1/ Atlantic 8811 97.5 118.3 8.9 6.0 -13.5 -2.1 21.3 1/ Pacific 15900 86.4 102.2 1.9 -1.7 -3.7 -9.1 18.3 1/ Latin American / Caribbean 4542 106.8 114.9 11.9 0.2 0.0 3.8 7.6 Canadian 1367 155.7 162.6 52.2 15.7 24.3 1.4 4.4 Air Passenger Fares (Foreign Carrier) 31694 98.5 106.1 3.0 2.4 -4.5 -2.2 7.7 1/ Atlantic 13572 97.1 110.2 4.1 4.0 -8.9 -3.2 13.5 1/ Pacific 12570 92.3 96.4 -0.5 -2.6 -0.2 -2.0 4.4 1/ Latin American / Caribbean 4224 104.5 104.8 2.6 1.3 0.2 0.9 0.3 1/ Crude Oil Tanker Freight (Inbound) 1949 107.3 n.a. n.a. -11.0 8.1 7.2 n.a. Ocean Liner Freight (Inbound) 12253 97.6 96.8 -2.8 -1.6 0.4 -0.8 -0.8 U.S. East Coast 5410 99.8 99.6 -1.9 -0.8 1.0 -1.9 -0.2 from Atlantic 2647 99.4 98.7 -3.7 -1.4 0.3 -2.0 -0.7 from Pacific 1874 98.4 98.9 0.3 -0.2 0.1 -0.1 0.5 U.S. West Coast 6844 95.4 94.1 -3.8 -2.5 0.0 0.0 -1.4 from Pacific 6347 95.1 93.9 -3.6 -2.5 -0.2 0.3 -1.3 1 Detailed data available upon request. n.a. N Table 8 U.S. Import and Export Price Indexes and Percent Changes for Selected Categories of Services. June 1996-June 1997 1995 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade June June Sept. Dec. March Description (Mil. 1996 1996 1996 1996 1997 of March June to to to to to Dollars) 1997 1997 June Sept. Dec. March June 1997 1996 1996 1997 1997 IMPORT Air Freight 3188 90.1 90.7 -6.6 -0.3 -1.2 -5.8 0.7 Atlantic 1278 91.2 91.2 -5.5 2.0 -0.2 -7.1 0.0 Pacific 1674 90.5 91.8 -6.4 -1.4 -2.0 -4.5 1.4 Air Passenger Fares 11127 100.5 113.2 8.3 -1.4 -2.9 0.5 12.6 1/ Atlantic 4922 100.3 121.2 14.2 -0.3 -7.0 1.9 20.8 1/ Pacific 2340 98.1 111.4 9.9 -9.2 7.5 -0.9 13.6 1/ Latin American / Caribbean 3021 105.1 106.1 3.4 1.4 0.1 1.0 1.0 1/ Crude Oil Tanker Freight 1346 99.7 n.a. n.a. -11.3 6.3 5.8 n.a. Ocean Liner Freight 9868 98.0 97.1 -3.1 -1.3 -0.3 -0.6 -0.9 U.S. East Coast 4271 100.5 100.6 -1.1 -0.1 0.1 -1.2 0.1 from Atlantic 1952 100.4 99.9 -2.8 0.2 -0.1 -2.4 -0.5 from Pacific 1774 100.2 100.8 0.4 -0.2 0.2 -0.2 0.6 U.S. West Coast 5596 95.4 93.9 -4.9 -2.4 -0.6 -0.3 -1.6 from Pacific 5126 95.0 93.5 -4.8 -2.5 -0.8 0.1 -1.6 EXPORT Air Freight (9612 = 100) 2562 98.5 97.8 n.a. n.a. n.a. -1.5 -0.7 Air Passenger Fares 17272 89.8 103.1 3.7 3.5 -3.1 -9.9 14.8 1/ Atlantic 4120 98.6 109.9 4.8 8.3 -7.8 -5.8 11.5 1/ Pacific 10700 75.5 91.1 -2.8 0.2 -4.6 -15.7 20.7 Latin American / Caribbean 1392 101.8 106.9 6.9 0.8 0.8 0.2 5.0 Canadian 1006 155.0 158.8 47.3 7.1 26.3 6.3 2.5 1 Detailed data available upon request. n.a. N 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. 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