Technical information: USDL-07-1382 (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 Friday, September 14, 2007 U.S. IMPORT AND EXPORT PRICE INDEXES - AUGUST 2007 - The U.S. Import Price Index decreased 0.3 percent in August, the Bureau of Labor Statistics of the U.S. Department of Labor reported today, following a 1.3 percent advance in July. The August decline was led by a 1.3 percent downturn in petroleum prices. In contrast, export prices rose 0.2 percent in August after edging down 0.1 percent 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 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 -6.6 -0.1 0.4 0.6 0.5 February 0.4 1.7 0.0 0.8 2.8 0.6 March 1.6 8.5 0.3 0.7 2.1 0.6 April 1.4 6.8 0.3 0.4 -1.4 0.5 May 0.9 2.7 r 0.6 0.3 r -0.1 r 0.4 r June 1.1 r 4.7 r 0.3 r 0.4 r 2.7 0.2 July 1.3 r 6.4 r 0.1 r -0.1 r 1.4 r -0.2 r August -0.3 -1.3 -0.1 0.2 1.0 0.1 August 2005-06 6.0 20.9 2.7 5.2 3.7 5.3 August 2006-07 1.9 1.5 2.3 3.6 17.6 2.4 r = revised to reflect late reports and corrections by respondents. Import Goods The decline in import prices in August was the first since a 1.2 percent drop in January. A comparatively modest 1.3 percent decrease in petroleum prices followed six months of higher prices during which the index rose 34.9 percent. Nonpetroleum prices also decreased in August, falling 0.1 percent. The modest decline was the first downturn for this index since a 0.1 percent drop in January. Excluding a 12.9 percent drop in natural gas prices, however, nonfuel import prices rose 0.2 percent in August. Nonpetroleum prices rose 2.3 percent for the year ended in August, while overall import prices increased 1.9 percent for the same period. The August downturn in nonpetroleum prices was driven by a 1.0 percent decline in nonpetroleum industrial supplies and materials prices. The drop in natural gas prices more than offset higher metals prices. Despite the August drop, the price index for nonpetroleum industrial supplies and materials prices rose 6.0 percent over the past 12 months. Each of the major finished goods areas rose 0.2 percent in August. The increase in consumer goods prices followed a similar 0.2 percent advance in July and was led by modest price increases for medicinal, dental, and pharmaceutical materials and home entertainment equipment. The price index for capital goods rose 0.2 percent for the fourth consecutive month, and in August an upturn in computer prices contributed to the advance. Automotive vehicle prices also rose 0.2 percent in August after 0.1 percent increases in each of the prior four months. Higher foods, feeds, and beverages prices also helped to offset lower fuel prices in August, increasing 0.7 percent for the month. Export Goods Prices for overall exports resumed an upward trend in August, rising 0.2 percent after a modest 0.1 percent downturn in July. The price indexes for both agricultural goods and nonagricultural goods contributed to the August advance, increasing 1.0 percent and 0.1 percent, respectively. The rise in agricultural prices followed increases of 1.4 percent in July and 2.7 percent in June. Higher prices for wheat, meat, and fish all factored into the August increase. Agricultural prices rose 17.6 percent over the past year. Nonagricultural prices ticked up 0.1 percent in August after a 0.2 percent decline the previous month and advanced 2.4 percent for the year ended in August. Overall exports rose 3.6 percent for the same period. The price indexes for capital goods, consumer goods, and automotive vehicles all increased 0.1 percent in August. Each of those indexes has trended up for the past 12 months, rising 1.5 percent, 2.2 percent, and 1.1 percent, respectively over that period. Prices for nonagricultural industrial supplies and materials also contributed to the increase in nonagricultural goods prices, rising 0.1 percent. That increase followed a 1.0 percent decline in July and was largely led by rising prices for chemicals and some metals which mostly offset declining prices for fuel and steelmaking materials. Imports by Locality of Origin Import prices from China rose 0.3 percent in August, the fourth consecutive month that the index has risen by at least that magnitude. Prior to May, the index had not risen by more than 0.2 percent since publication began in December 2003. Prices of imports from China increased 1.1 percent for the year ended in August. The price indexes for imports from Mexico and the European Union also advanced in August, rising 0.7 percent and 0.1 percent, respectively. Import prices from Mexico increased 3.6 percent over the past year, while prices of imports from the European Union rose 2.1 percent for the same period. In contrast, import prices from Canada fell 0.5 percent in August because of lower fuel prices, while prices of imports from Japan were unchanged. Despite the August downturn, the price index for imports from Canada advanced 2.1 percent over the past 12 months. Prices for imports from Japan fell 0.7 percent for the August 2006-2007 period. Import and Export Services The price index for export travel and tourism, which is lagged one month, declined 1.3 percent in July after a 0.2 percent drop in June. Import air passenger fares increased for the sixth consecutive month, ticking up 0.1 percent in August. Higher European and Latin American/Caribbean fares more than offset a 2.0 percent decline in Asian fares. The price index for import air passenger fares rose 8.2 percent for the year ended in August. Export air passenger fares also increased in August, advancing 3.4 percent after a 5.1 percent gain in July. The index rose 3.9 percent over the past 12 months. The price indexes for import air freight and export air freight each increased in August, rising 1.4 percent and 0.3 percent, respectively. Higher air freight prices to and from Europe led the increases. Import air freight prices advanced 1.3 percent over the past year, while over the same period, export air freight prices rose 1.5 percent. 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 Table 10 U.S. Export Price Indexes for Postsecondary Education Services ------------------------------------------------------------------- Import and Export Price Index data for September 2007 are scheduled for release on October 11 at 8:30 A.M. (E.D.T.). Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods August 2006-August 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July END Description 2006 2007 2007 2007 2007 USE July July August to to to to to 2007 2007 2007 Aug. May June July Aug. 1/ 2007 2007 2007 2007 2007 ALL COMMODITIES.......................................... 100.000 121.5 121.1 1.9 0.9 1.1 1.3 -0.3 ALL IMPORTS EXCLUDING PETROLEUM.......................... 79.802 107.2 107.1 2.3 0.6 0.3 0.1 -0.1 ALL IMPORTS EXCLUDING FUELS (Dec. 2001=100)................................... 77.381 109.7 109.9 2.2 0.5 0.2 0.3 0.2 0 FOODS, FEEDS, & BEVERAGES.............................. 4.339 129.4 130.3 8.0 0.9 0.3 1.3 0.7 00 Agricultural foods, feeds & beverages, excluding distilled beverages............. 3.308 141.3 142.1 9.4 1.1 0.3 1.3 0.6 01 Nonagricultural foods (fish, distilled beverages) 1.031 102.9 103.9 4.1 0.3 0.3 1.4 1.0 1 INDUSTRIAL SUPPLIES & MATERIALS........................ 37.845 191.2 188.9 3.3 2.3 2.7 3.2 -1.2 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM........................... 17.647 143.9 142.4 6.0 1.9 0.7 -0.4 -1.0 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING FUELS (Dec. 2001=100)............... 15.226 151.5 151.9 6.1 1.7 0.7 0.0 0.3 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE....................................... 9.987 147.9 148.4 7.7 2.4 1.0 -0.3 0.3 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM................ 7.659 138.2 134.2 3.7 1.3 0.4 -0.5 -2.9 10 Fuels & lubricants............................... 22.619 250.6 245.2 1.8 2.7 4.3 5.3 -2.2 100 Petroleum & petroleum products............... 20.198 261.0 257.5 1.5 2.7 4.7 6.4 -1.3 10000 Crude................................ 14.244 263.5 264.0 3.8 3.0 5.6 7.2 0.2 101 Fuels, n.e.s.-coals & gas.................... 1.860 166.0 146.4 -11.3 1.9 -0.4 -7.1 -11.8 10110 Gas-natural.......................... 1.692 160.9 140.1 -13.2 1.9 -0.6 -7.9 -12.9 11 Paper & paper base stocks........................ 0.810 110.2 110.7 -1.9 0.0 0.2 -0.5 0.5 12 Materials associated with nondurable supplies & materials...................... 4.508 126.3 126.4 4.1 0.5 0.0 1.0 0.1 13 Selected building materials...................... 1.922 116.4 115.7 0.4 -0.2 1.7 2.9 -0.6 14 Unfinished metals related to durable goods....... 4.702 215.2 216.0 14.5 3.7 1.2 -2.0 0.4 15 Finished metals related to durable goods......... 1.720 133.7 135.7 5.3 4.1 0.4 0.1 1.5 16 Nonmetals related to durable goods............... 1.564 102.1 102.1 0.6 0.1 -0.1 0.5 0.0 2 CAPITAL GOODS.......................................... 21.199 91.5 91.7 0.4 0.2 0.2 0.2 0.2 20 Electric generating equipment.................... 2.603 105.9 106.3 4.1 0.3 0.5 0.2 0.4 21 Nonelectrical machinery.......................... 16.943 87.3 87.5 -0.5 0.1 0.2 0.1 0.2 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............ 1.653 113.4 113.5 4.9 0.2 0.1 2.2 0.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES................... 13.539 104.8 105.0 0.9 0.1 0.1 0.1 0.2 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES..................................... 23.078 101.6 101.8 1.4 0.0 0.1 0.2 0.2 40 Nondurables, manufactured........................ 10.687 104.7 104.8 1.7 0.2 0.0 0.4 0.1 41 Durables, manufactured........................... 11.239 98.2 98.4 0.7 -0.1 0.1 0.0 0.2 42 Nonmanufactured consumer goods................... 1.152 103.4 104.0 3.9 0.1 0.3 0.7 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 2 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods August 2006-August 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July END Description 2006 2007 2007 2007 2007 USE July July August to to to to to 2007 2007 2007 Aug. May June July Aug. 1/ 2007 2007 2007 2007 2007 ALL COMMODITIES............................................. 100.000 115.9 116.1 3.6 0.3 0.4 -0.1 0.2 AGRICULTURAL COMMODITIES.................................... 8.541 148.7 150.2 17.6 -0.1 2.7 1.4 1.0 NONAGRICULTURAL COMMODITIES................................. 91.460 113.6 113.7 2.4 0.4 0.2 -0.2 0.1 0 FOODS, FEEDS, & BEVERAGES................................. 7.734 148.9 151.0 16.6 -0.1 2.3 0.3 1.4 00 Agricultural foods, feeds & beverages, excluding distilled beverages................ 7.042 151.1 153.3 18.1 0.1 2.7 0.1 1.5 01 Nonagricultural foods (fish, distilled beverages)... 0.692 130.1 132.1 4.1 -3.1 -1.1 1.3 1.5 1 INDUSTRIAL SUPPLIES & MATERIALS........................... 30.031 148.2 148.2 5.0 0.7 0.5 -0.5 0.0 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE.......................................... 11.560 155.6 156.0 6.3 -0.1 0.1 -3.3 0.3 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE....................................... 18.472 144.5 144.4 4.4 1.2 0.8 1.3 -0.1 10 Agricultural industrial supplies & materials........ 1.499 138.8 137.3 15.6 -1.4 2.9 7.8 -1.1 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS.................................. 28.532 148.9 149.1 4.5 0.8 0.4 -1.0 0.1 11 Fuels & lubricants.................................. 4.523 202.7 196.0 -5.4 0.3 0.9 0.9 -3.3 12 Nonagricultural supplies & materials excluding fuels & building materials......... 22.893 144.1 145.2 6.8 1.0 0.3 -1.4 0.8 13 Selected building materials......................... 1.116 114.1 114.1 3.6 0.4 0.5 0.2 0.0 2 CAPITAL GOODS............................................. 39.270 99.7 99.8 1.5 0.2 0.1 0.1 0.1 20 Electrical generating equipment..................... 3.680 106.6 106.7 1.7 -0.1 0.1 0.1 0.1 21 Nonelectrical machinery............................. 28.450 93.1 93.1 0.8 0.2 0.0 0.2 0.0 22 Transportation equipment excluding motor vehicles (Dec. 2001=100)............... 7.139 122.7 123.0 4.7 0.1 0.3 0.3 0.2 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES...................... 10.482 106.2 106.3 1.1 0.0 0.1 0.1 0.1 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES........................................ 12.484 106.1 106.2 2.2 0.3 0.1 0.3 0.1 40 Nondurables, manufactured........................... 5.952 107.1 107.3 3.5 0.7 0.3 0.4 0.2 41 Durables, manufactured.............................. 5.455 104.0 103.9 1.0 0.1 -0.3 0.3 -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 3 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods August 2006-August 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July NAICS Description 2006 2007 2007 2007 2007 July July August to to to to to 2007 2007 2007 Aug. May June July Aug. 1/ 2007 2007 2007 2007 2007 Nonmanufactured Articles...................................... 18.528 121.1 119.9 2.7 2.6 4.0 5.6 -1.0 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 1.521 115.8 116.2 9.8 0.5 -1.4 2.9 0.3 111 Agricultural products............................. 1.064 116.7 117.3 15.9 -0.1 -1.9 5.4 0.5 21 OIL, GAS, MINERALS AND ORES........................... 17.007 121.6 120.3 2.1 2.8 4.5 5.8 -1.1 212 Minerals and ores (Dec. 2006=100)................. 0.394 102.8 102.7 n.a. 0.3 0.4 0.3 -0.1 Manufactured Articles......................................... 80.880 106.2 106.0 2.2 0.7 0.5 0.5 -0.2 31 MANUFACTURED GOODS, PART 1............................ 10.174 104.2 104.5 3.3 0.5 0.4 0.5 0.3 311 Food and kindred products......................... 2.439 112.4 113.3 10.0 1.7 1.4 1.3 0.8 312 Beverages and tobacco products.................... 0.791 103.0 103.2 1.5 0.1 0.0 0.3 0.2 313 Textiles and fabrics.............................. 0.493 106.9 107.4 3.7 0.2 0.8 0.3 0.5 314 Textile mill products............................. 0.762 100.8 100.9 0.1 0.1 0.1 0.2 0.1 315 Apparel and accessories........................... 4.234 101.2 101.2 1.2 0.2 0.1 0.2 0.0 316 Leather and allied products....................... 1.454 101.9 102.0 1.2 0.1 -0.1 0.4 0.1 32 MANUFACTURED GOODS, PART 2............................ 18.086 111.5 109.9 2.2 0.8 1.4 1.8 -1.4 321 Wood products..................................... 1.238 95.3 94.5 -0.7 -0.4 2.8 3.3 -0.8 322 Paper............................................. 1.324 103.6 103.8 -1.2 0.0 0.2 -0.1 0.2 324 Petroleum and coal products....................... 4.743 121.9 114.5 -7.4 1.7 3.1 2.5 -6.1 325 Chemicals......................................... 7.917 112.6 112.9 9.3 0.9 0.7 1.9 0.3 326 Plastics and rubber products...................... 1.658 103.9 104.1 1.4 0.1 -0.1 0.7 0.2 327 Nonmetallic mineral products...................... 1.100 107.2 107.4 3.8 0.5 0.1 1.6 0.2 33 MANUFACTURED GOODS, PART 3............................ 52.620 104.8 105.0 1.9 0.5 0.3 -0.1 0.2 331 Primary metals.................................... 5.528 148.2 149.0 13.5 4.5 1.0 -2.1 0.5 332 Fabricated metal products, nesoi.................. 2.516 109.0 109.5 4.9 0.8 0.3 0.7 0.5 333 Machinery, except electrical...................... 6.586 105.7 106.1 3.7 0.2 0.6 0.1 0.4 334 Computer and electronic products.................. 13.842 94.6 94.8 -3.1 -0.1 -0.1 -0.2 0.2 335 Electrical equipment, appliances, and components.. 3.611 106.7 107.1 4.3 0.4 0.4 0.4 0.4 336 Transportation equipment.......................... 14.295 101.6 101.7 1.2 0.1 0.2 0.3 0.1 337 Furniture and fixtures............................ 1.444 101.6 101.6 1.2 0.1 0.2 0.3 0.0 339 Miscellaneous manufactured commodities............ 4.797 106.2 106.3 2.1 0.0 0.2 0.1 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 August 2006-August 2007 December 2005=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July NAICS Description 2006 2007 2007 2007 2007 July July August to to to to to 2007 2007 2007 Aug. May June July Aug. 1/ 2007 2007 2007 2007 2007 Nonmanufactured Articles...................................... 6.224 117.6 118.4 12.2 -1.0 1.5 1.6 0.7 11 AGRICULTURE AND LIVESTOCK PRODUCTS.................... 4.674 128.1 129.6 20.8 -1.2 2.8 3.8 1.2 111 Agricultural products............................. 4.258 130.3 131.9 23.0 -0.5 3.3 4.1 1.2 21 OIL, GAS, MINERALS AND ORES........................... 1.550 94.3 93.4 -8.0 -0.3 -2.0 -4.4 -1.0 211 Oil and gas....................................... 0.491 85.9 82.9 -13.4 -1.7 -6.3 -10.4 -3.5 212 Minerals and ores................................. 1.059 98.9 99.1 -4.9 0.5 0.4 -1.3 0.2 Manufactured Articles......................................... 90.970 106.0 106.2 2.8 0.6 0.4 0.3 0.2 31 MANUFACTURED GOODS, PART 1............................ 6.799 110.3 111.2 9.3 0.6 1.2 0.4 0.8 311 Food and kindred products......................... 4.237 117.7 119.3 15.2 1.0 1.8 0.8 1.4 312 Beverages and tobacco products.................... 0.485 102.1 102.2 1.2 0.2 0.1 -0.3 0.1 313 Textiles and fabrics.............................. 0.962 98.4 98.5 1.9 0.0 0.0 0.0 0.1 315 Apparel and accessories........................... 0.555 100.5 100.5 0.4 0.0 0.1 0.0 0.0 32 MANUFACTURED GOODS, PART 2............................ 23.013 111.2 111.5 3.7 1.3 0.7 0.9 0.3 321 Wood products..................................... 0.568 111.2 111.0 6.7 0.1 1.2 0.5 -0.2 322 Paper............................................. 2.115 110.2 110.6 3.5 0.4 0.2 0.7 0.4 324 Petroleum and coal products....................... 2.681 129.0 122.4 -5.6 0.1 2.8 3.1 -5.1 325 Chemicals......................................... 14.373 109.9 111.3 5.8 2.1 0.5 0.6 1.3 326 Plastics and rubber products...................... 2.312 104.7 105.3 2.1 -0.3 0.6 0.5 0.6 327 Nonmetallic mineral products...................... 0.857 107.4 106.9 4.5 0.9 -0.4 0.7 -0.5 33 MANUFACTURED GOODS, PART 3............................ 61.159 103.7 103.7 1.8 0.4 0.1 0.1 0.0 331 Primary metals.................................... 4.225 125.1 125.1 4.3 2.8 0.4 -1.7 0.0 332 Fabricated metal products, nesoi.................. 2.817 112.7 112.6 5.4 1.9 0.0 0.1 -0.1 333 Machinery, except electrical...................... 12.182 105.6 106.0 3.7 0.3 0.1 0.6 0.4 334 Computer and electronic products.................. 17.051 96.3 96.2 -1.6 0.1 0.0 -0.2 -0.1 335 Electrical equipment, appliances, and components.. 3.599 104.6 104.6 3.0 0.0 0.2 0.5 0.0 336 Transportation equipment.......................... 16.490 104.3 104.3 2.4 0.1 0.2 0.2 0.0 339 Miscellaneous manufactured commodities............ 4.452 104.1 104.2 2.1 -0.1 0.1 0.5 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 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods August 2006-August 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Aug. April May June July nized Description 2006 2007 2007 2007 2007 System July July August to to to to to 2007 2007 2007 Aug. May June July Aug. 1/ 2007 2007 2007 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.180 128.3 130.1 7.9 2.4 0.8 0.7 1.4 02 Meat and edible meat offal.......................... 0.308 148.0 149.4 6.3 1.7 0.6 0.8 0.9 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.587 101.4 102.3 3.8 0.2 -0.4 1.2 0.9 II VEGETABLE PRODUCTS........................................ 1.170 133.5 134.1 12.3 -1.1 -0.2 3.2 0.4 07 Edible vegetables, roots, and tubers................ 0.339 202.9 203.2 25.1 -7.7 -7.4 15.7 0.1 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.326 87.5 88.9 1.0 4.1 2.5 -3.7 1.6 09 Coffee, tea, mate and spices........................ 0.240 142.6 143.7 14.7 -0.1 5.1 0.4 0.8 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.031 125.2 125.4 5.4 0.6 0.6 0.7 0.2 20 Preparations of vegetables, fruit, nuts, or other parts of plants............... 0.259 122.0 121.9 3.9 0.3 0.8 -1.0 -0.1 22 Beverages, spirits, and vinegar..................... 0.763 111.2 111.4 0.8 0.4 0.3 -0.6 0.2 V MINERAL PRODUCTS.......................................... 22.175 245.6 240.4 0.5 2.5 4.1 5.1 -2.1 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 21.785 245.4 240.1 0.4 2.5 4.2 5.1 -2.2 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 7.165 125.6 125.5 8.8 1.0 0.2 1.6 -0.1 28 Inorganic chemicals................................. 1.043 238.7 237.1 52.7 3.9 2.2 7.9 -0.7 29 Organic chemicals................................... 2.470 119.4 118.9 0.1 0.4 -2.0 -0.4 -0.4 30 Pharmaceutical products............................. 1.960 108.7 109.1 2.8 0.1 0.3 1.0 0.4 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty............ 0.173 102.2 103.1 4.6 -0.3 0.1 0.6 0.9 33 Essential oils and resinoids (Dec. 2001=100)........ 0.406 114.1 114.1 4.2 1.3 0.1 0.3 0.0 38 Miscellaneous chemical products..................... 0.421 98.0 98.2 4.6 2.3 0.7 0.8 0.2 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 2.878 122.5 122.8 0.3 0.3 0.1 0.7 0.2 39 Plastics and articles thereof....................... 1.871 120.0 120.1 0.7 0.5 0.3 1.0 0.1 40 Rubber and articles thereof......................... 1.007 127.3 128.0 -0.3 0.2 -0.1 -0.2 0.5 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.588 107.9 108.0 2.3 0.2 0.3 0.8 0.1 42 Articles of leather; travel goods, bags, etc. of various materials.................... 0.511 108.0 108.2 2.4 0.2 0.3 0.8 0.2 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 1.306 117.3 116.2 -1.1 -0.4 2.4 3.3 -0.9 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 1.510 108.0 108.3 -0.9 0.1 0.2 0.0 0.3 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.027 103.7 103.8 -2.9 -0.1 -0.1 -0.1 0.1 49 Printed matter...................................... 0.271 116.3 116.4 1.7 0.2 0.3 0.6 0.1 XI TEXTILE AND TEXTILE ARTICLES.............................. 5.302 102.2 102.3 1.3 0.2 0.1 0.1 0.1 61 Articles of apparel and clothing accessories, knitted or crocheted............ 1.889 100.4 100.4 0.2 0.0 -0.1 0.1 0.0 62 Articles of apparel and clothing accessories, not knitted or crocheted........ 2.145 101.3 101.4 1.8 0.3 0.1 0.1 0.1 63 Made-up or worn textile articles.................... 0.515 94.1 94.1 -0.4 0.0 0.0 0.2 0.0 XII HEADGEAR, UMBRELLAS, ARTIFICIAL FLOWERS, ETC............................. 1.214 102.0 102.0 1.4 0.0 -0.2 0.5 0.0 64 Footwear and parts of such articles................ 1.025 101.8 101.8 0.7 0.0 -0.2 0.5 0.0 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.954 111.5 111.8 2.6 0.6 0.0 1.0 0.3 68 Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100)............ 0.332 103.9 103.9 0.5 0.0 0.0 1.2 0.0 69 Ceramic products.................................... 0.304 118.8 118.8 5.0 1.7 -0.1 2.0 0.0 70 Glass and glassware................................. 0.318 111.2 111.8 2.1 0.3 0.3 -0.1 0.5 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 2.784 132.5 132.8 6.4 1.1 -0.4 -0.2 0.2 XV BASE METALS AND ARTICLES OF BASE METAL.................... 6.641 174.2 174.5 9.6 3.3 1.3 -1.4 0.2 72 Iron and steel...................................... 1.586 209.7 211.2 17.8 0.4 3.0 1.8 0.7 73 Articles of iron or steel........................... 1.444 129.7 130.3 3.3 0.5 0.7 0.6 0.5 74 Copper and articles thereof......................... 0.898 302.1 316.3 4.3 15.3 0.5 -1.8 4.7 76 Aluminum and articles thereof....................... 1.074 143.6 145.4 2.9 1.4 -0.7 -2.2 1.3 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.346 107.7 107.6 0.7 0.0 -0.1 -0.2 -0.1 83 Miscellaneous articles of base metal................ 0.467 124.9 125.6 4.0 0.3 0.1 0.1 0.6 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC................. 23.822 88.0 88.2 0.1 0.1 0.1 0.2 0.2 84 Machinery and mechanical appliances; parts thereof.. 12.330 88.6 88.8 0.3 0.0 0.1 0.5 0.2 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts........ 11.492 87.4 87.6 -0.2 0.1 0.1 0.0 0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 12.406 106.1 106.2 1.1 0.1 0.2 0.2 0.1 87 Motor vehicles and their parts...................... 11.452 105.3 105.4 1.0 0.2 0.2 0.2 0.1 88 Aircraft, spacecraft, and parts thereof (Dec. 2002=100)...................... 0.845 109.1 109.2 2.3 0.2 0.1 0.1 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 2.907 99.0 99.3 -0.1 -0.1 0.2 -0.4 0.3 90 Optical, photographic, measuring and medical instruments.......................... 2.580 97.3 97.6 -0.4 -0.2 0.3 -0.4 0.3 91 Clocks and watches and parts thereof................ 0.240 116.3 116.5 4.2 0.1 0.2 0.2 0.2 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 3.746 101.3 101.4 1.7 0.0 0.1 0.2 0.1 94 Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldg........ 2.129 104.8 104.9 1.4 -0.1 0.1 0.2 0.1 95 Toys, games and sports equipment; parts and accessories thereof...................... 1.410 96.4 96.4 1.7 0.0 0.1 0.2 0.0 96 Miscellaneous manufactured articles................. 0.206 107.2 107.2 5.3 0.2 0.1 0.3 0.0 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 August 2006-August 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Aug. April May June July nized Description 2006 2007 2007 2007 2007 System July July August to to to to to 2007 2007 2007 Aug. May June July Aug. 1/ 2007 2007 2007 2007 2007 I LIVE ANIMALS; ANIMAL PRODUCTS............................. 1.621 156.0 158.7 17.6 0.5 1.9 1.8 1.7 02 Meat & edible meat offal (Dec. 2006=100)............ 0.862 127.2 130.1 n.a. 3.7 4.6 1.9 2.3 03 Fish and crustaceans, molluscs and other aquatic invertebrates.................. 0.424 126.4 128.8 2.9 -4.2 -1.4 1.8 1.9 II VEGETABLE PRODUCTS........................................ 4.258 163.3 165.3 22.4 -0.8 3.0 2.5 1.2 08 Edible fruit and nuts; peel of citrus fruit or melons.............................. 0.643 115.0 119.5 -2.1 -4.3 -2.3 -2.1 3.9 10 Cereals............................................. 1.811 174.8 179.7 29.7 5.4 2.8 -2.5 2.8 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder............. 1.195 167.3 166.0 36.0 -3.2 9.5 6.3 -0.8 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO......................................... 2.285 120.3 121.4 6.9 -0.1 0.0 -0.2 0.9 21 Miscellaneous edible preparations................... 0.421 111.6 115.9 6.8 -0.2 -0.6 0.7 3.9 23 Residues and waste from the food industries; prepared animal feed............. 0.488 144.2 144.1 14.5 -0.6 0.8 0.8 -0.1 V MINERAL PRODUCTS.......................................... 4.441 244.5 237.1 -2.5 0.4 0.7 0.5 -3.0 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax........ 3.710 231.9 223.3 -3.5 -0.6 0.9 0.6 -3.7 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES...................................... 11.893 130.9 132.5 6.4 2.1 0.5 0.7 1.2 28 Inorganic chemicals................................. 1.171 159.2 159.5 1.7 0.0 1.6 3.3 0.2 29 Organic chemicals................................... 3.814 146.7 150.7 6.7 3.0 0.5 -0.1 2.7 30 Pharmaceutical products............................. 2.514 114.7 114.9 4.8 0.9 0.4 0.5 0.2 32 Tanning or dyeing extracts, dyes, paints, varnish, putty, & inks............... 0.606 116.3 114.4 4.3 0.1 1.2 1.0 -1.6 33 Essential oils and resinoids; perfumery, cosmetic or toilet................ 0.683 117.5 118.1 3.4 0.6 0.2 0.5 0.5 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes........... 0.408 111.9 118.7 9.0 0.8 0.5 0.4 6.1 38 Miscellaneous chemical products..................... 1.674 119.7 119.8 6.9 -0.2 0.3 0.0 0.1 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF............................ 5.478 132.0 133.1 2.1 0.8 0.4 0.5 0.8 39 Plastics and articles thereof....................... 4.385 127.8 129.1 1.3 1.0 0.3 0.6 1.0 40 Rubber and articles thereof......................... 1.093 149.8 150.0 5.3 0.3 0.6 0.4 0.1 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC............................... 0.462 119.1 118.5 1.1 -0.9 -1.0 -2.9 -0.5 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKETWARE AND WICKERWORK....................... 0.729 113.2 112.1 3.1 -0.1 0.5 -0.3 -1.0 X WOODPULP, RECOVERED PAPER, AND PAPER PRODUCTS...................................... 2.704 111.6 111.9 4.9 0.0 0.6 0.9 0.3 47 Woodpulp and recovered paper........................ 0.678 115.7 115.8 15.9 -1.5 2.2 2.7 0.1 48 Paper and paperboard; articles of paper pulp, paper or paperboard.................... 1.444 108.6 108.8 2.2 0.3 -0.3 0.4 0.2 49 Printed material.................................... 0.582 118.1 118.5 0.3 0.9 1.0 0.5 0.3 XI TEXTILE AND TEXTILE ARTICLES.............................. 2.463 104.1 104.0 1.9 -1.5 1.1 2.2 -0.1 52 Cotton, including yarns and woven fabrics thereof... 0.694 99.5 98.5 3.8 -3.8 2.6 7.7 -1.0 XIII STONE, PLASTER, CEMENT, ASBESTOS, CERAMICS, GLASS ETC................................. 0.812 110.2 110.3 6.3 0.6 0.8 0.1 0.1 70 Glass and glassware................................. 0.439 99.1 99.2 4.4 0.8 0.8 0.6 0.1 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS........................ 3.336 153.0 156.8 14.0 -5.0 -0.2 -6.0 2.5 XV BASE METALS AND ARTICLES OF BASE METALS................... 6.000 166.0 164.4 4.7 2.1 0.4 -1.9 -1.0 72 Iron and steel...................................... 1.543 200.0 194.0 7.5 3.1 1.8 -4.5 -3.0 73 Articles of iron or steel........................... 1.449 148.0 147.2 6.6 2.8 -0.1 -0.3 -0.5 74 Copper and articles thereof......................... 0.686 244.8 248.5 -0.9 1.0 0.6 0.4 1.5 76 Aluminum and articles thereof....................... 1.028 146.6 147.5 3.9 1.4 -0.8 -1.9 0.6 82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof.......... 0.406 115.1 115.1 3.4 0.0 0.0 0.4 0.0 83 Miscellaneous articles of base metal................ 0.405 127.9 127.9 2.1 0.2 0.2 0.2 0.0 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC............... 31.758 94.4 94.4 0.9 0.1 0.0 0.1 0.0 84 Machinery and mechanical appliances; parts thereof.. 18.217 102.9 103.0 1.1 0.2 0.1 0.2 0.1 85 Electrical machinery and equipment and parts and accessories thereof............ 13.541 85.1 85.0 0.5 0.1 -0.2 0.0 -0.1 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT...................... 13.743 114.0 114.0 2.0 0.2 0.3 0.2 0.0 87 Motor vehicles and their parts...................... 8.836 105.7 105.7 0.9 0.1 0.1 0.0 0.0 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; & TIMEPIECES................... 6.169 103.5 103.9 1.6 0.0 0.0 0.2 0.4 XX MISCELLANEOUS MANUFACTURED ARTICLES....................... 1.446 104.8 104.9 3.2 0.0 -0.1 0.3 0.1 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi;........... 0.796 113.4 113.6 5.6 0.0 -0.1 0.4 0.2 95 Toys, games and sports equipment; parts and accessories thereof...................... 0.485 89.6 89.7 -5.4 0.0 0.0 0.0 0.1 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 August 2006-August 2007 2000=100, unless otherwise noted Index Percent Change Annual Monthly Percentage Aug. April May June July Description of 2006 2007 2007 2007 2007 U.S. July August to to to to to Imports 2007 2007 Aug. May June July Aug. 1/ 2007 2007 2007 2007 2007 2/ Industrialized Countries............................ 44.813 120.7 120.7 2.5 0.7 0.8 0.8 0.0 Nonmanufactured Articles....................... 4.582 204.2 196.2 -2.9 2.5 2.2 3.2 -3.9 Manufactured Articles.......................... 39.766 114.2 114.8 3.2 0.5 0.6 0.6 0.5 3/ Other Countries..................................... 55.187 119.9 120.2 2.6 1.2 1.4 1.7 0.3 Nonmanufactured Articles....................... 11.023 234.9 235.8 4.4 2.6 4.6 6.6 0.4 Manufactured Articles.......................... 43.965 103.7 103.9 2.4 0.8 0.4 0.2 0.2 Canada.............................................. 17.052 136.2 135.5 2.1 1.0 1.0 1.0 -0.5 Nonmanufactured Articles....................... 3.871 200.6 191.1 -5.7 2.5 1.1 2.3 -4.7 Manufactured Articles.......................... 12.851 124.3 125.2 4.4 0.7 1.0 0.6 0.7 4/ European Union...................................... 17.908 121.3 121.4 2.1 -0.1 0.4 -0.2 0.1 Nonmanufactured Articles....................... 0.389 245.4 245.5 3.9 3.3 6.0 4.6 0.0 Manufactured Articles.......................... 17.406 118.7 119.1 2.1 -0.3 0.2 -0.4 0.3 France (Dec. 2003=100).............................. 1.888 109.3 109.6 5.5 1.4 -1.5 1.8 0.3 Germany (Dec. 2003=100)............................. 5.008 107.9 108.5 3.8 0.4 0.2 0.3 0.6 United Kingdom (Dec. 2003=100)...................... 2.845 121.8 121.8 3.7 0.9 0.8 1.1 0.0 5/ Latin America....................................... 17.619 149.1 149.1 2.8 2.1 1.3 2.1 0.0 Nonmanufactured Articles....................... 4.822 240.8 240.9 5.2 1.9 3.9 7.3 0.0 Manufactured Articles.......................... 12.721 131.0 130.9 1.7 2.3 0.2 -0.2 -0.1 Mexico (Dec. 2003=100).............................. 10.163 128.1 129.0 3.6 0.7 1.9 1.5 0.7 6/ Pacific Rim (Dec. 2003=100)......................... 33.452 98.9 99.1 0.2 0.1 0.3 0.3 0.2 China (Dec. 2003=100)............................... 14.941 98.4 98.7 1.1 0.3 0.4 0.3 0.3 Japan............................................... 8.308 93.8 93.8 -0.7 0.0 0.1 -0.2 0.0 7/ Asian NICs.......................................... 6.124 88.7 88.8 -0.9 -0.1 0.3 0.2 0.1 8/ ASEAN (Dec. 2003=100)............................... 5.993 96.8 96.9 -2.7 0.2 0.2 0.7 0.1 9/ Asia Near East (Dec. 2003=100)...................... 3.765 200.2 200.0 3.8 3.7 3.3 5.1 -0.1 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 Asian Newly Industrialized Countries. 7 Asian 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 August 2006-August 2007 2000=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Aug. April May June July Description 2006 2007 2007 2007 2007 July July August to to to to to 2007 2007 2007 Aug. May June July Aug. 1/ 2007 2007 2007 2007 2007 AIR FREIGHT Import Air Freight................................ 100.000 132.3 134.1 1.3 1.1 -0.2 0.0 1.4 Europe (Dec. 2003=100)....................... 28.170 132.0 135.9 4.5 3.1 0.0 -0.1 3.0 Asia......................................... 60.856 114.6 115.4 -0.3 0.2 -0.3 0.0 0.7 Export Air Freight................................ 100.000 117.7 118.0 1.5 0.2 -0.4 0.6 0.3 Europe (Dec. 2006=100)....................... 39.020 101.0 101.8 n.a. 0.2 -0.5 0.6 0.8 Inbound Air Freight............................... 100.000 127.3 129.3 0.8 0.6 -0.2 0.0 1.6 Europe (Dec. 2003=100)....................... 30.064 127.1 130.4 3.6 2.3 -0.1 -0.2 2.6 Asia......................................... 56.960 108.8 110.0 -0.7 -0.5 -0.4 -0.1 1.1 Outbound Air Freight.............................. 100.000 114.9 116.2 0.1 1.0 0.0 0.5 1.1 Europe (Dec. 2003=100)....................... 42.073 130.3 131.4 -0.8 0.9 0.4 0.6 0.8 Asia......................................... 40.436 104.6 105.9 -1.9 1.1 -0.2 0.2 1.2 AIR PASSENGER FARES Import Air Passenger Fares........................ 100.000 149.4 149.6 8.2 0.2 13.4 3.3 0.1 Europe....................................... 45.100 154.3 155.6 17.0 1.2 17.9 0.3 0.8 Asia......................................... 26.121 143.3 140.4 5.4 0.6 16.7 5.8 -2.0 Latin America/Caribbean...................... 11.351 122.5 123.4 0.2 1.2 0.4 5.6 0.7 Export Air Passenger Fares........................ 100.000 154.8 160.1 3.9 3.9 -1.5 5.1 3.4 Europe....................................... 32.591 196.8 202.5 6.7 1.3 -0.4 9.3 2.9 Asia......................................... 30.319 119.8 132.3 -1.9 11.2 -4.3 2.7 10.4 Latin America/Caribbean...................... 20.238 169.7 164.2 8.7 -1.8 -0.1 3.5 -3.2 Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000 137.0 142.0 6.0 3.9 -0.9 7.7 3.6 Europe (Dec. 2003=100)....................... 41.192 146.8 151.3 8.1 1.2 0.2 12.1 3.1 Asia (Dec. 2003=100)......................... 27.866 116.2 128.8 -0.1 11.0 -3.9 3.2 10.8 Latin America/Caribbean (Dec. 2003=100)...... 12.662 130.5 126.3 5.9 -1.8 0.2 4.9 -3.2 Canada (Dec. 2003=100)....................... 7.652 175.3 178.4 12.8 4.1 3.6 1.9 1.8 Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000 140.3 141.0 7.4 0.6 10.1 2.5 0.5 Europe (Dec. 2003=100)....................... 41.980 158.2 159.5 14.5 1.1 16.7 0.6 0.8 Asia (Dec. 2003=100)......................... 23.391 131.3 130.9 2.9 2.9 11.2 4.7 -0.3 Latin America/Caribbean (Dec. 2003=100)...... 19.771 113.6 114.2 0.8 0.0 -0.2 1.8 0.5 Canada (Dec. 2003=100)....................... 5.836 168.4 177.4 8.2 -1.2 2.6 0.6 5.3 CRUDE OIL TANKER FREIGHT 2/ Inbound Crude Oil Tanker Freight.................. 100.000 n.a. n.a. n.a. 4.2 -3.2 n.a. n.a. OCEAN LINER FREIGHT Inbound Ocean Liner Freight....................... 100.000 112.5 112.6 -1.1 0.3 -0.5 0.0 0.1 U.S. East Coast.............................. 56.368 117.0 117.0 -1.6 0.6 0.1 -0.3 0.0 From Atlantic.......................... 24.465 114.9 114.9 -4.6 0.0 0.0 -0.1 0.0 From Pacific........................... 23.266 122.2 122.3 1.2 1.4 0.1 -0.4 0.1 U.S. West Coast.............................. 43.632 110.2 110.3 -1.0 0.0 -1.3 0.3 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 July 2006-July 2007 December 2006=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance July March April May June Description 2006 2007 2007 2007 2007 June June July to to to to to 2007 2007 2007 July April May June July 1/ 2007 2007 2007 2007 2007 Export Travel and Tourism............. 100.000 105.1 103.7 n.a. 0.2 0.0 -0.2 -1.3 From Europe...................... 39.535 105.5 104.1 n.a. 0.6 -0.3 -0.6 -1.3 From Asia........................ 32.120 104.8 102.9 n.a. 0.0 0.7 0.8 -1.8 From Latin America/Caribbean..... 15.334 104.9 103.7 n.a. -0.5 -0.5 -0.2 -1.1 From Canada...................... 8.661 104.9 104.8 n.a. 0.7 -1.8 -0.9 -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 10 U.S. Export Price Indexes and Percent Changes for Postsecondary Education Services Academic Year 2001/02 to 2006/07 Academic Year 2001/02 = 100, unless otherwise noted Relative Index Annual Percent Change Import- ance Academic Year Academic Years Description Academic 2001/02 2002/03 2003/04 2004/05 2005/06 Year 2005/06 2006/07 to to to to to 2005/06 2002/03 2003/04 2004/05 2005/06 2006/07 1/ EXPORT POSTSECONDARY EDUCATION Tuition & Fees and Room & Board......... 100.000 128.8 135.1 6.5 7.5 7.0 5.1 4.9 Graduate............................. 53.006 128.5 134.6 6.4 7.4 7.0 5.1 4.7 Undergraduate........................ 46.994 129.0 135.7 6.6 7.7 6.8 5.2 5.2 Private.............................. 47.874 123.0 129.4 5.2 5.7 5.1 5.2 5.2 Public............................... 52.126 134.2 140.5 7.8 9.2 8.6 5.0 4.7 Tuition & Fees....................... 73.181 131.6 138.2 7.1 8.4 7.8 5.2 5.0 Graduate Tuition & Fees......... 38.417 131.4 137.7 7.0 8.3 7.8 5.2 4.8 Undergraduate Tuition & Fees.... 34.764 131.7 138.8 7.2 8.6 7.6 5.2 5.4 Private Tuition & Fees.......... 35.497 124.3 131.2 5.6 6.1 5.3 5.4 5.6 Public Tuition & Fees........... 37.686 138.7 145.1 8.7 10.7 9.8 5.0 4.6 Room & Board......................... 26.819 121.5 127.1 5.0 5.1 4.9 4.9 4.6 Graduate Room & Board........... 14.589 121.3 127.1 5.0 5.1 5.0 4.7 4.8 Undergraduate Room & Board...... 12.230 121.7 127.2 5.0 5.1 4.9 5.1 4.5 Private Room & Board............ 12.377 119.1 124.3 4.2 4.8 4.5 4.4 4.4 Public Room & Board............ 14.440 123.6 129.5 5.7 5.5 5.2 5.4 4.8 1 Relative importance figures are based on 2005/06 academic year trade values. 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. 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 Export 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. The indexes are published by the country of residence of those traveling to the United States. Post-secondary Education Indexes are calculated from preliminary data collected by the U.S. Department of Education, and are calculated annually. Export post- secondary education refers to receipts from foreign students studying at U.S. institutions, including colleges, universities, and technical/professional schools. Fact sheets specifying detailed information for each services industry are available at http://www.bls.gov/mxp under "Publications and Other Documentation." 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. 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.