Technical Information David Mead (202) 606-7154 USDL-97-20 Jim Thomas (202) 606-7155 For release: 10:00 A.M. E.S.T. Media contact: Thursday, January 23, 1997 Kathryn Hoyle (202) 606-5902 Internet Address: http://stats.bls.gov/ipphome.htm -------------------------------------------------------------------- Note: Beginning with next month’s release, there will be several changes in the construction of the import and export price indexes. See page 4 for more details. -------------------------------------------------------------------- U.S. IMPORT AND EXPORT PRICE INDEXES -DECEMBER 1996- The U.S. Import Price Index increased 0.1 percent in December, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The advance followed a decline of 0.2 percent in November. The U.S. Export Price Index was unchanged in December after declining in each of the six preceding months. 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 1995 December 0.4 4.5 0.0 0.0 0.8 -0.2 1996 January 0.2 4.8 -0.3 0.5 1.7 0.3 February -0.2 -1.3 0.0 -0.2 -0.2 -0.3 March 0.7 8.5 -0.3 -0.2 1.4 -0.3 April 0.8 8.5 0.0 0.6 4.8 0.0 May -0.7 -3.8 -0.4 0.4 3.1 -0.1 June -1.0 -5.9 -0.5 -0.2 -2.2 0.1 July -0.1 2.0 -0.4 -0.5 -1.9 -0.2 August 0.1 2.1 -0.1 -0.2 -0.2 -0.2 September 1.1 7.6 r 0.4 -0.7 r -7.2 0.2 r October 0.6 7.0 r -0.3 -0.3 r -2.6 r 0.0 r November -0.2 r -0.8 r -0.1 r -0.4 r -2.3 r 0.0 r December 0.1 0.3 0.1 0.0 -0.9 0.1 Dec. 1994-95 2.6 5.9 2.3 3.4 17.3 1.7 Dec. 1995-96 1.3 31.7 -1.7 -1.2 -6.9 -0.4 r = revised to reflect late reports and corrections by respondents. Import Goods The small December increase in the import price index was attributable to price increases for both petroleum and nonpetroleum imports, up 0.3 and 0.1 percent, respectively. Import prices had declined 0.2 percent in November after rising in the three prior months, due primarily to a decline in petroleum prices in November after increases in the prior months. The December rise in nonpetroleum prices followed declines of 0.1 and 0.3 percent in November and October, respectively, and was only the second monthly increase in the past 12 months. Prices of U.S imports were up 1.3 percent in the 12 months ended in December 1996. This compared with a 2.6 percent increase in 1995 and a 5.3 percent rise in 1994. The advance in overall import prices in 1996 was due to petroleum prices which rose 31.7 percent compared with a more modest 5.9 percent increase in 1995. The 12-month rise in petroleum prices was the largest yearly increase since 1990. In contrast, nonpetroleum imports fell over the past 12 months, down 1.7 percent compared with a 2.3 percent increase in 1995 and a 3.8 percent rise in 1994. Nonpetroleum industrial supplies and materials led the December increase in prices for nonpetroleum imports, rising 0.6 percent. Over the past year, nonpetroleum industrial supplies and materials prices fell 2.6 percent. The import price indexes for automotive vehicles and consumer goods also rose in December, up 0.3 and 0.1 percent, respectively. Over the past 12 months, automotive vehicle prices were unchanged, while consumer goods prices were down 0.6 percent. The index for imported capital goods fell in December--down 0.3 percent--and declined 4.0 percent over the year. The import price index for foods, feeds, and beverages was down 1.2 percent in December and 0.7 percent over the past 12 months. Export Goods The price index for U.S. export prices was unchanged in December as a continuing decline in the price index for agricultural exports offset a rise in prices for nonagricultural exports which continued to record little movement. Over the 12 months ended in December 1996, export prices decreased 1.2 percent, the first time the index has declined on an annual basis in five years. The index of agricultural export prices was down 6.9 percent over the year after rising 17.3 percent in 1995; price declines in June-December 1996 offset sharp rises in prices in the spring. Nonagricultural export prices were down 0.4 percent in 1996 after rising 1.7 percent in 1995 and 4.3 percent in 1994. The December advance in the index for nonagricultural exports was led by a 0.3 percent increase in nonagricultural industrial supplies and material prices. Prices for nonagricultural industrial supplies and materials, however, were down 2.2 percent in 1996. The index of exported consumer goods was also up in December, rising 0.2 percent. Exported automotive vehicle prices, however, were unchanged in December. Over the past 12 months, the price indexes for consumer goods and automotive vehicles rose 1.5 and 0.5 percent, respectively. In contrast, the indexes for exported capital goods and foods, feeds, and beverages both decreased in December, falling 0.1 and 1.2 percent, respectively. Capital goods export prices were unchanged in 1996 while foods, feeds, and beverages prices were down 6.5 percent over the same period. Summary of December to December percent changes 1988 1989 1990 1991 1992 1993 1994 1995 1996 All merchandise imports 4.4 2.5 7.4 -4.2 0.2 -1.0 5.3 2.6 1.3 Excluding petroleum 6.7 -0.2 3.0 0.2 0.8 1.5 3.8 2.3 -1.7 Petroleum -16.9 32.6 48.8 -33.0 -6.0 -21.7 20.3 5.9 31.7 All merchandise exports 6.4 0.5 2.1 -0.6 0.6 1.0 3.8 3.4 -1.2 Excluding agricultural 5.1 1.3 3.4 -1.0 0.8 0.2 4.3 1.7 -0.4 Agricultural 14.7 -3.7 -4.8 1.7 -0.4 8.3 -0.2 17.3 -6.9 Imports by Locality of Origin Prices of goods imported from Japan fell 0.4 percent for the second consecutive month. (See table 7.) The index fell 4.1 percent in 1996 after rising 0.5 percent in 1995. The price index for imports from the Asian Newly Industrialized Countries also fell, decreasing 0.5 percent in December and 2.9 percent over the past 12 months. In contrast, prices of imports from Canada and the European Union were up 0.3 and 0.2 percent in December, respectively. Over the past year, imports from Canada were down 0.2 percent, while imports from the European Union rose 1.5 percent. Import and Export Services The Import Air Freight Index continued to edge down for the fourth consecutive quarter with a 1.6 percent decline in December. Both the Atlantic and Pacific regions contributed to this price decrease by falling 0.3 percent and 2.4 percent, respectively. For the year, the Import Air Freight Index posted a 4.3 percent decline led by decreases in the Atlantic and Pacific regions. The Import Air Passenger Fares Index decreased 2.9 percent this quarter due to a 7.0 percent drop in the price index for the Atlantic region. Gains of 7.6 percent in the Pacific region and 0.1 percent in the Latin American/Caribbean region moderated this decline. For the year, the Import Air Passenger Fares Index rose 2.1 percent with increases in the Atlantic, Pacific, and Latin American/Caribbean regions. After increasing in three consecutive quarters, the Export Air Passenger Fares Index fell 3.1 percent in December due to price declines of 7.8 and 4.6 percent, respectively, in the Atlantic and Pacific regions. These declines were partially offset by a 26.3 percent surge in the Canadian region and a slight increase of 0.8 percent in the Latin American/Caribbean region. For the year, the Export Air Passenger Fares Index rose 3.3 percent. The Import Crude Oil Tanker Freight Index gained 8.0 percent this quarter, mainly due to a 13.0 percent price jump in the Gulf region. Despite this quarterly increase, the Import Crude Oil Tanker Freight Index decreased 14.4 percent over the year, reflecting a 21.5 percent decline in the Gulf region. The Import Ocean Liner Freight Index decreased 0.3 percent this quarter, reflecting a decline in the U.S. West Coast Index of 0.7 percent. A slight price increase of 0.1 percent in the U.S. East Coast Index moderated the decrease. The Import Ocean Liner Freight Index posted a 2.6 percent annual decrease due to a 5.3 percent decline in the U.S. West Coast Index. CONTENTS OF RELEASE This news release includes the following tables: Table 1 Import Price Indexes, by End Use.....page 5 Table 2 Export Price Indexes, by End Use.....page 6 Table 3 Import Price Indexes, by SITC.....pages 7-8 Table 4 Export Price Indexes, by SITC.....page 9-10 Table 5 Import Price Indexes, by Harmonized System.....pages 11-12 Table 6 Export Price Indexes, by Harmonized System.....pages 13-14 Table 7 Import Price Indexes, by Locality of Origin.....page 15 Table 8 U.S. International Price Indexes for Services.....page 16 Table 9 U.S. Import and Export Price Indexes for Services.....page 17 ------------------------------------------------------------------- Import and Export Price Index data for January are scheduled for release on February 25 at 10:00 a.m. (EST). ******************************************************************** Announcement of Changes in the U.S. Import and Export Price Indexes ******************************************************************** Beginning with the release of January 1997 data on Feb. 25, the Bureau of Labor Statistics will make several changes to the U.S. Import and Export Price Indexes. First, all price indexes will be re- weighted to 1995 trade weights. Second, these indexes will be rebased from 1990=100 to 1995=100. Third, the aggregation structure below the published level will be modified to incorporate the use of sampling weights in the estimator. The current practice is to update the weights in these price indexes every five years. The new weights will be based on U.S. export and import shipment values for calendar 1995 (as reported by the Bureau of the Census) and will be used in the calculation of indexes from January 1997 forward. In addition, as a result of shifts in trade patterns, there also will be minor changes in the publication structure. In keeping with the policy of using a reference base that is the same as the weight base, all indexes will be rebased to 1995=100. This impacts the level of the indexes prior to January 1997; however, it should not (except for rounding) cause any adjustments to the percent changes between different time periods. Beginning with the release of January 1997 data, the index estimation methodology will be modified to incorporate the use of sampling weights at the item level. Currently, price relatives for individual items are averaged together using equal weights in the construction of what is referred to as the elementary aggregation. Under the new structure, items will be averaged together using sampling weights. These weights are primarily based on the value of exports (or imports) for a given company in a specific product category. As a result, item weights will more properly represent their true share of the market. More detailed information will be available in a forthcoming article in the Monthly Labor Review. For further information, please contact Jim Thomas at (202) 606-7155. TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are weighted with 1990 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 1990=100 where possible. Exceptions are for the recently instituted HS indexes, which use a base of December 1992=100. 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. Historical index series and additional information may be obtained from the Division of International Prices, Bureau of Labor Statistics, 2 Massachusetts Avenue NE, PSB 3955, Washington, D.C. 20212, (202) 606-7155. Import Price Indexes -- Products have been classified by the 1990 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 1990 Harmonized Schedule B classification system of the U.S. Bureau of the Census. The prices used are generally either "free on board" (f.o.b.) factory or "free alongside ship" (f.a.s.) 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 weighted by country or region 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 a base of December 1990=100. Import, Export, and International Services Indexes -- Indexes are updated 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 represent the second month of the 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 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 can also be used to study U.S. competitiveness and price elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade analysis. The import and export news release contains monthly price indexes at the two-digit level of detail. If you would like to be added to the mailing list for more detailed index and percent change tables, please fill out the form below and mail or fax it to the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212 Phone Number: (202) 606-7155 Fax Number: (202) 606-7179 --------------------------------------------------------------------- IPP Order Form Please add my name to the mailing list for the following publications. 1. Monthly News Release ______ 2. Harmonized System Indexes ______ 3. SITC Indexes ______ 4. BEA End-Use Indexes ______ Name________________________________________________________ Address_____________________________________________________ ______________________________________________ ______________________________________________ ______________________________________________ Phone Number ( ) ______________________________________ TECHNICAL NOTE Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and are weighted with 1990 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 1990=100 where possible. Exceptions are for the recently instituted HS indexes, which use a base of December 1992=100. 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. Historical index series and additional information may be obtained from the Division of International Prices, Bureau of Labor Statistics, 2 Massachusetts Avenue NE, PSB 3955, Washington, D.C. 20212, (202) 606-7155. Import Price Indexes -- Products have been classified by the 1990 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 1990 Harmonized Schedule B classification system of the U.S. Bureau of the Census. The prices used are generally either "free on board" (f.o.b.) factory or "free alongside ship" (f.a.s.) 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 weighted by country or region 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 a base of December 1990=100. Import, Export, and International Services Indexes -- Indexes are updated 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 represent the second month of the 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 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 can also be used to study U.S. competitiveness and price elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade analysis. The import and export news release contains monthly price indexes at the two-digit level of detail. If you would like to be added to the mailing list for more detailed index and percent change tables, please fill out the form below and mail or fax it to the following address: Division of International Prices Bureau of Labor Statistics PSB Building, Rm. 3955 2 Massachusetts Avenue, N.E. Washington, DC 20212 Phone Number: (202) 606-7155 Fax Number: (202) 606-7179 --------------------------------------------------------------------- IPP Order Form Please add my name to the mailing list for the following publications. 1. Monthly News Release ______ 2. Harmonized System Indexes ______ 3. SITC Indexes ______ 4. BEA End-Use Indexes ______ Name________________________________________________________ Address_____________________________________________________ ______________________________________________ ______________________________________________ ______________________________________________ Phone Number ( ) ______________________________________ Table 1 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, December 1995-December 1996 1990=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. END Description 1995 1996 1996 1996 1996 USE November November December to to to to to 1996 1996 1996 Dec. Sept. Oct. Nov. Dec. 1/ 2/ 1996 1996 1996 1996 1996 ALL COMMODITIES 100.000 108.1 108.2 1.3 1.1 0.6 -0.2 0.1 ALL IMPORTS EXCLUDING PETROLEUM 87.759 108.5 108.6 -1.7 0.4 -0.3 -0.1 0.1 0 FOODS, FEEDS, & BEVERAGES 5.912 117.6 116.2 -0.7 1.9 0.2 0.3 -1.2 00 Agricultural foods, feeds & beverages, excluding distilled beverages 4.193 115.5 113.2 -2.2 2.5 0.3 0.3 -2.0 01 Nonagricultural foods (fish, distilled beverages) 1.719 122.6 123.6 3.3 0.3 0.2 0.2 0.8 1 INDUSTRIAL SUPPLIES & MATERIALS 30.304 107.3 107.6 8.2 2.9 2.4 -0.1 0.3 INDUSTRIAL SUPPLIES & MATERIALS EXCLUDING PETROLEUM 18.063 108.7 109.4 -2.6 0.4 -0.6 0.5 0.6 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 9.251 106.6 106.5 -1.8 1.2 -1.0 0.0 -0.1 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE EXCLUDING PETROLEUM 8.813 111.3 112.9 -3.3 -0.5 -0.1 0.9 1.4 10 Fuels & lubricants 13.548 105.1 106.3 32.0 6.8 6.7 -0.1 1.1 100 Petroleum & petroleum products 12.241 103.2 103.5 31.7 7.6 7.0 -0.8 0.3 10000 Crude 8.849 100.5 99.8 31.7 8.5 6.4 -1.9 -0.7 11 Paper & paper base stocks 2.103 101.3 99.5 -26.0 -2.0 -2.9 -1.7 -1.8 12 Materials associated with nondurable supplies & materials 5.640 110.3 110.2 -2.0 -0.2 0.1 0.1 -0.1 13 Selected building materials 1.996 138.5 136.2 12.7 3.8 -3.6 2.1 -1.7 14 Unfinished metals associated with durable goods 4.261 98.0 98.5 -6.3 0.8 -0.6 -0.7 0.5 15 Finished metals associated with durable goods 1.442 103.9 103.4 -2.5 -0.3 0.3 -0.5 -0.5 16 Nonmetals associated with durable goods 1.314 104.1 104.6 -5.1 0.3 0.0 0.0 0.5 2 CAPITAL GOODS 22.992 102.1 101.8 -4.0 0.2 -0.3 -0.5 -0.3 20 Electric & electrical generating equipment 3.004 110.4 110.6 -1.7 0.0 0.3 -0.4 0.2 21 Nonelectrical machinery 17.439 99.2 98.9 -5.1 0.3 -0.5 -0.7 -0.3 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 19.624 115.3 115.6 0.0 0.3 -0.2 -0.2 0.3 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 21.168 107.6 107.7 -0.6 0.2 -0.2 -0.1 0.1 40 Nondurables, manufactured 10.208 108.1 108.0 -0.1 0.2 -0.2 0.0 -0.1 41 Durables, manufactured 9.809 106.5 106.5 -1.0 0.1 -0.2 -0.2 0.0 42 Nonmanufactured consumer goods 1.151 113.2 115.0 -0.3 1.3 0.4 -0.4 1.6 1 Relative importance figures are based on n.a. Not available 1990 trade values. 2 Data for September, October and November 1996 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, December 1995-December 1996 1990=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. END Description 1995 1996 1996 1996 1996 USE November November December to to to to to 1996 1996 1996 Dec. Sept. Oct. Nov. Dec. 1/ 2/ 1996 1996 1996 1996 1996 ALL COMMODITIES 100.000 108.1 108.1 -1.2 -0.7 -0.3 -0.4 0.0 AGRICULTURAL COMMODITIES 11.709 116.4 115.4 -6.9 -7.2 -2.6 -2.3 -0.9 NONAGRICULTURAL COMMODITIES 88.292 107.3 107.4 -0.4 0.2 0.0 0.0 0.1 0 FOODS, FEEDS, & BEVERAGES 10.412 118.7 117.3 -6.5 -8.4 -3.0 -1.8 -1.2 00 Agricultural foods, feeds & beverages, excluding distilled beverages 9.373 118.6 117.1 -7.5 -9.1 -3.4 -2.3 -1.3 01 Nonagricultural foods (fish, distilled beverages) 1.039 116.4 116.3 3.4 -1.5 0.9 2.5 -0.1 1 INDUSTRIAL SUPPLIES & MATERIALS 28.494 108.6 109.0 -2.3 0.6 0.3 -0.6 0.4 INDUSTRIAL SUPPLIES & MATERIALS, DURABLE 11.002 112.4 113.2 -2.7 0.6 -0.1 -0.4 0.7 INDUSTRIAL SUPPLIES & MATERIALS, NONDURABLE 17.492 107.6 107.7 -2.0 0.7 0.6 -0.6 0.1 10 Agricultural industrial supplies & materials 2.336 108.9 109.6 -4.6 1.7 0.6 -2.6 0.6 NONAGRICULTURAL INDUSTRIAL SUPPLIES & MATERIALS 26.158 108.6 108.9 -2.2 0.6 0.2 -0.4 0.3 11 Fuels & lubricants 3.710 106.6 107.5 12.9 2.1 2.6 0.1 0.8 12 Nonagricultural supplies & materials excluding fuels & building materials 19.689 105.7 105.9 -4.8 0.2 -0.2 -0.6 0.2 13 Selected building materials 2.759 145.1 145.5 0.6 1.2 0.3 0.6 0.3 2 CAPITAL GOODS 40.090 105.4 105.3 0.0 0.0 -0.1 0.0 -0.1 20 Electric & electrical generating equipment 3.649 108.7 108.8 -0.3 -0.1 -0.1 -0.1 0.1 21 Nonelectrical machinery 25.859 100.2 100.1 -1.3 -0.2 -0.1 -0.1 -0.1 3 AUTOMOTIVE VEHICLES, PARTS & ENGINES 10.147 109.5 109.5 0.5 -0.1 0.2 0.2 0.0 4 CONSUMER GOODS, EXCLUDING AUTOMOTIVES 10.858 111.2 111.4 1.5 0.2 0.0 0.0 0.2 40 Nondurables, manufactured 5.861 113.3 113.6 1.2 0.2 -0.1 -0.1 0.3 41 Durables, manufactured 4.465 108.7 108.7 1.1 0.3 -0.2 0.0 0.0 1 Relative importance figures are based on n.a. Not available 1990 trade values. 2 Data for September, October and November 1996 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, December 1995-December 1996 1990=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. SITC Description 1995 1996 1996 1996 1996 Rev. 3 November November December to to to to to 1996 1996 1996 Dec. Sept. Oct. Nov. Dec. 1/ 2/ 1996 1996 1996 1996 1996 ALL COMMODITIES 100.000 108.1 108.2 1.3 1.1 0.6 -0.2 0.1 0 FOOD AND LIVE ANIMALS 4.848 113.5 111.0 -1.1 2.9 0.9 0.3 -2.2 01 Meat and meat preparations 0.511 87.9 85.3 1.3 0.6 1.8 -0.3 -3.0 03 Fish, crustaceans, aquatic invertebrates and preparations thereof 1.235 120.9 122.0 3.4 0.5 0.2 0.2 0.9 04 Cereals and cereal preparations 0.181 103.7 105.0 -3.0 -1.6 -2.1 -1.6 1.3 05 Vegetables and fruit, prepared fresh or dried 1.453 127.5 120.4 -0.6 8.3 3.1 1.4 -5.6 06 Sugars, sugar preparations and honey 0.262 100.8 100.2 -2.0 -0.2 0.9 0.3 -0.6 07 Coffee, tea, cocoa, spices and manufactures thereof 0.827 125.3 121.6 -9.1 2.4 -1.8 -0.3 -3.0 1 BEVERAGES AND TOBACCO 1.086 121.0 121.2 3.1 0.5 0.0 0.1 0.2 11 Beverages 0.874 118.0 118.3 2.2 0.4 0.2 0.1 0.3 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 3.363 119.4 119.0 -5.0 3.5 -1.6 1.1 -0.3 23 Crude rubber (including synthetic and reclaimed) 0.320 132.4 136.6 -11.9 0.1 -2.5 2.4 3.2 24 Cork and wood 1.125 177.6 170.3 25.4 4.5 -5.7 5.8 -4.1 25 Pulp and waste paper 0.444 76.3 74.5 -39.0 3.3 1.6 0.3 -2.4 28 Metalliferous ores and metal scrap 0.843 102.4 103.5 -4.4 2.5 -0.2 -1.1 1.1 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 13.058 103.8 104.9 32.4 7.2 6.9 0.0 1.1 33 Petroleum, petroleum products and related materials 11.894 103.4 103.2 30.5 7.5 7.0 -1.0 -0.2 34 Gas, natural and manufactured 1.098 109.2 125.0 56.3 3.6 6.9 11.3 14.5 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 4.815 110.7 110.5 -1.3 0.3 0.0 0.2 -0.2 51 Organic chemicals 1.375 100.6 100.2 0.3 0.1 -0.9 1.5 -0.4 52 Inorganic chemicals 0.701 114.9 116.3 2.6 0.1 2.9 -1.2 1.2 53 Dyeing, tanning and coloring materials (9212=100) 0.290 108.6 108.3 -1.3 0.4 -1.3 -0.6 -0.3 54 Medicinal and pharmaceutical products 0.693 126.3 126.0 -2.7 1.3 -1.2 -0.2 -0.2 55 Essential oils; polishing and cleansing preps 0.318 122.9 122.1 -2.5 -1.1 1.1 -0.6 -0.7 57 Plastics in primary forms (9212=100) 0.258 104.5 103.6 -7.1 1.4 -0.2 2.6 -0.9 58 Plastics in nonprimary forms (9212=100) 0.491 98.0 98.7 -7.7 -1.5 0.8 -1.2 0.7 59 Chemical materials and products, n.e.s. 0.476 114.9 112.5 0.4 1.7 -0.3 -0.3 -2.1 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 12.456 106.8 107.0 -5.8 -0.4 -1.0 -0.7 0.2 62 Rubber manufactures, n.e.s. 0.713 103.4 103.3 -3.1 0.2 -0.4 -0.7 -0.1 64 Paper, paperboard, and articles of paper pulp, paper or paper board 1.820 109.8 108.2 -20.8 -3.5 -3.8 -2.4 -1.5 65 Textile yarn, fabrics, made-up articles, n.e.s., and related product 1.420 114.0 114.5 -0.2 -0.3 0.0 0.0 0.4 66 Nonmetallic mineral manufactures, n.e.s. 2.203 114.3 114.8 2.4 0.5 -0.1 0.4 0.4 67 Iron and steel 2.039 106.0 105.6 -3.7 0.6 0.1 -0.5 -0.4 68 Nonferrous metals 1.687 88.2 89.4 -12.5 -0.3 -2.0 -1.3 1.4 69 Manufactures of metals, n.e.s. 1.929 111.0 111.4 -0.1 -0.2 -0.2 -0.2 0.4 7 MACHINERY AND TRANSPORT EQUIPMENT 43.260 107.3 107.3 -2.2 0.3 -0.3 -0.3 0.0 72 Machinery specialized for particular industries 2.959 116.9 117.5 -0.4 0.2 0.0 -0.3 0.5 73 Metalworking machinery 0.877 121.5 121.5 -0.7 0.2 -0.2 -0.1 0.0 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 3.323 116.6 116.6 -0.9 0.7 -0.2 -0.5 0.0 75 Computer equipment and office machines 3.919 74.3 73.9 -10.1 -0.9 -0.5 -0.8 -0.5 76 Telecommunications & sound recording & reproducing apparatus & equipment 4.112 94.2 94.0 -3.8 -0.1 -0.2 -0.3 -0.2 77 Electrical machinery and equipment 6.593 100.1 99.4 -6.3 0.9 -0.7 -1.0 -0.7 78 Road vehicles 16.680 117.6 117.7 0.0 0.3 -0.2 -0.1 0.1 8 MISCELLANEOUS MANUFACTURED ARTICLES 16.612 107.9 107.8 -0.5 0.1 -0.1 -0.1 -0.1 81 Prefabricated buildings; plumbing, heat lighting fixtures, n.e.s. 0.314 104.5 104.6 -1.2 0.4 -0.6 0.2 0.1 82 Furniture and parts thereof 1.050 107.5 107.5 0.6 0.1 -0.1 0.8 0.0 83 Travel goods, handbags and similar containers 0.480 110.7 110.5 -0.1 -0.3 0.0 -0.4 -0.2 84 Articles of apparel and clothing accessories 5.196 104.4 104.1 0.5 0.1 -0.2 0.4 -0.3 85 Footwear 1.915 102.6 102.8 0.0 0.2 -0.2 -0.1 0.2 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 1.409 116.3 116.2 -0.8 0.1 -0.3 -0.3 -0.1 88 Photographic apparatus, equipment and supplies and optical goods, n.e.s.; 1.418 110.5 110.3 -3.8 0.4 -0.2 -0.5 -0.2 89 Miscellaneous manufactured articles, n.e.s. 4.831 110.9 110.6 -0.7 0.1 0.0 -0.4 -0.3 971 Gold, nonmonetary (excluding gold ores and concentrates) (9212=100) 0.202 110.1 108.8 -3.6 0.5 -1.3 -0.5 -1.2 1 Relative importance figures are based on n.a. Not available. 1990 trade values. 2 Data for September, October and November 1996 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 separetely Table 4 U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods, December 1995-December 1996 1990=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly ance Dec. Aug. Sept. Oct. Nov. SITC Description 1995 1996 1996 1996 1996 Rev. 3 November November December to to to to to 1996 1996 1996 Dec. Sept. Oct. Nov. Dec. 1/ 2/ 1996 1996 1996 1996 1996 ALL COMMODITIES 100.000 108.1 108.1 -1.2 -0.7 -0.3 -0.4 0.0 0 FOOD AND LIVE ANIMALS 9.171 120.9 119.3 -7.4 -9.7 -1.5 -2.3 -1.3 01 Meat and meat preparations 0.924 114.0 113.4 -7.6 -2.4 0.4 -0.5 -0.5 03 Fish, crustaceans, aquatic invertebrates and preparations 0.835 114.0 114.0 4.4 -1.4 0.5 3.2 0.0 04 Cereals and cereal preparations 3.874 121.8 120.6 -16.4 -20.1 -4.3 -2.9 -1.0 05 Vegetables, fruit and nuts, fresh or dried 1.807 129.6 123.2 1.3 1.1 2.1 -2.5 -4.9 08 feeding stuff for animals (not including unmilled cereals) 0.910 123.3 125.6 4.6 4.7 -2.4 -5.0 1.9 1 BEVERAGES AND TOBACCO 2.091 115.3 115.5 0.3 -0.2 -0.1 -0.2 0.2 2 CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 7.702 110.9 111.0 -7.9 1.2 -1.5 -0.9 0.1 21 Hides, skins and furskins, raw 0.515 116.5 113.9 24.9 4.1 7.4 -0.9 -2.2 22 Oil seeds and oleaginous fruits 1.135 115.7 115.0 1.1 -0.5 -13.5 1.4 -0.6 23 Crude rubber (including synthetic and reclaimed) 0.247 106.3 108.2 -3.6 -0.6 -1.2 -0.7 1.8 24 Cork and wood 1.957 149.1 150.0 0.3 1.8 0.4 0.4 0.6 25 Pulp and waste paper 0.913 89.7 86.6 -35.1 1.1 1.3 -1.5 -3.5 26 Textile fibers and their waste 1.011 103.5 104.4 -15.5 2.2 -1.3 -3.5 0.9 27 Crude fertilizers and crude minerals 0.369 95.5 95.5 -2.6 -0.1 0.3 0.2 0.0 28 Metalliferous ores and metal scrap 1.282 100.4 102.4 -6.7 1.4 1.0 -3.0 2.0 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 3.280 105.3 106.8 15.1 3.1 3.5 -0.7 1.4 32 Coal, coke and briquettes 1.215 98.7 98.7 0.1 -0.2 0.1 0.2 0.0 33 Petroleum, petroleum products and related materials 1.906 106.2 108.5 25.6 5.6 5.9 -1.3 2.2 4 ANIMAL AND VEGETABLE OILS, FATS AND WAXES 0.323 107.1 110.6 -5.8 5.6 -4.3 -7.5 3.3 5 CHEMICALS AND RELATED PRODUCTS, N.E.S. 10.796 109.3 109.4 -0.5 -0.2 0.0 -0.4 0.1 51 Organic chemicals 2.619 99.1 98.8 -7.6 -0.1 0.3 0.1 -0.3 52 Inorganic chemicals (9212=100) 1.079 117.2 117.6 1.1 -0.5 -0.1 -0.2 0.3 53 Dyeing, tanning and coloring materials (9312=100) 0.457 104.4 104.5 1.7 0.0 1.4 -0.2 0.1 54 Medicinal and pharmaceutical products 1.156 110.6 110.6 1.7 0.1 -0.2 0.1 0.0 55 Essential oils; polishing and cleansing preps 0.577 112.6 112.6 0.5 0.7 0.0 -0.2 0.0 57 Plastics in primary forms (9212=100) 1.901 124.6 125.7 4.9 -0.4 -0.5 -2.6 0.9 58 Plastics in nonprimary forms (9212=100) 0.698 105.6 105.5 -3.2 -1.3 -0.3 -0.5 -0.1 59 Chemical materials and products, n.e.s. 1.628 118.5 118.6 2.5 -0.1 0.2 0.1 0.1 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIAL 9.425 111.0 111.4 -2.5 0.4 -0.4 -0.1 0.4 62 Rubber manufactures, n.e.s. 0.636 119.9 120.0 0.4 0.3 0.1 0.1 0.1 63 Cork and wood manufactures other than furniture (9212=100) 0.385 97.1 97.2 -6.7 -0.1 0.2 0.4 0.1 64 Paper, paperboard, and articles of paper pulp, paper or paperboard 1.335 105.0 104.6 -12.5 0.8 -1.9 -0.4 -0.4 66 Nonmetallic mineral manufactures, n.e.s. 1.307 114.0 113.7 2.9 -0.4 1.0 1.0 -0.3 68 Nonferrous metals 1.284 96.5 100.1 -7.2 1.2 -1.8 -2.3 3.7 69 Manufactures of metals, n.e.s. 1.740 114.8 115.3 0.6 0.8 0.1 -0.3 0.4 7 MACHINERY AND TRANSPORT EQUIPMENT 46.630 105.2 105.2 0.0 0.0 -0.1 0.0 0.0 71 Power generating machinery and equipment 4.512 120.5 120.9 3.2 0.1 -0.2 0.2 0.3 72 Machinery specialized for particular industries 4.504 116.0 116.1 1.6 0.2 -0.1 -0.3 0.1 73 Metalworking machinery 0.814 114.5 114.5 1.6 0.3 -0.3 0.0 0.0 74 General industrial machinery and equip- ment, n.e.s. and machine parts, n.e.s 4.668 115.5 115.3 2.7 0.1 0.3 0.2 -0.2 75 Computer equipment and office machines 4.694 67.9 67.1 -9.6 -1.3 -0.4 -0.7 -1.2 76 Telecommunications & sound recording & reproducing apparatus & equipment 2.628 106.8 106.9 1.5 0.0 0.1 0.1 0.1 77 Electrical machinery and equipment 7.907 100.6 100.8 -2.7 -0.1 -0.4 0.0 0.2 78 Road vehicles 8.052 109.6 109.6 0.5 0.0 0.3 0.1 0.0 8 MISCELLANEOUS MANUFACTURED ARTICLES 9.862 109.2 109.5 1.1 0.0 0.0 0.2 0.3 82 Furniture and parts thereof 0.425 103.0 103.0 1.4 0.4 0.4 -0.3 0.0 87 Professional, scientific and controlling instruments and apparatus, n.e.s. 3.647 116.1 116.7 2.5 0.0 -0.1 0.3 0.5 89 Miscellaneous manufactured articles, n.e.s. 3.647 103.4 103.5 0.0 -0.1 0.0 0.1 0.1 971 Gold, nonmonetary (excluding gold ores and concentrates) (9212=100) 0.721 111.2 110.1 -2.6 1.5 -1.2 -0.4 -1.0 1 Relative importance figures are based on n.a. Not available. 1990 trade values. 2 Data for September, October and November 1996 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 able 5 U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods, December 1995-December 1996 December 1992=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Dec. Aug. Sept. Oct. Nov. nized Description 1995 1996 1996 1996 1996 System November November December to to to to to 1996 1996 1996 Dec. Sept. Oct. Nov. Dec. 1/ 2/ 1996 1996 1996 1996 1996 I LIVE ANIMALS; ANIMAL PRODUCTS 1.677 100.6 101.0 0.7 0.8 0.8 0.5 0.4 02 Meat and edible meat offal 0.372 83.7 83.0 -7.2 2.2 1.7 0.2 -0.8 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.973 113.9 115.0 4.5 0.1 0.1 0.9 1.0 II VEGETABLE PRODUCTS 1.856 128.1 124.0 -6.1 5.3 1.2 1.7 -3.2 07 Edible vegetables and certain roots and tubers 0.344 131.7 117.4 -7.6 n.a. 12.7 -6.7 -10.9 08 Edible fruit and nuts; peel of citrus fruit or melons 0.496 116.4 113.4 7.8 -2.2 -0.2 18.1 -2.6 09 Coffee, tea, mate and spices 0.619 147.3 140.3 -14.0 1.5 -2.6 -0.4 -4.8 3/ Other vegetable products 0.397 116.5 122.1 -7.0 2.3 -0.2 -4.4 4.8 III ANIMAL OR VEGETABLE FATS AND OILS 0.243 144.3 146.7 5.9 -0.8 -0.8 0.0 1.7 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 2.596 111.4 110.7 0.7 1.0 -0.5 -0.7 -0.6 16 Edible preps of meat, fish, and other aquatic invertebrates 0.271 112.5 113.1 1.8 1.5 1.2 -1.4 0.5 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.431 116.7 112.3 -5.8 -0.2 -3.7 -3.8 -3.8 22 Beverages, spirits, and vinegar 1.024 105.8 105.6 2.2 0.6 -0.1 0.5 -0.2 3/ Other prepared foodstuffs 0.421 116.6 116.6 5.0 4.3 -0.4 -0.3 0.0 V MINERAL PRODUCTS 16.814 128.4 129.4 30.6 7.1 6.6 -0.1 0.8 26 Ores, slag and ash 0.342 92.6 91.6 -1.7 1.4 0.2 0.5 -1.1 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 16.222 129.9 130.9 32.4 7.2 6.8 -0.1 0.8 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 4.658 111.6 111.8 0.4 0.4 0.1 -0.2 0.2 28 Inorganic chemicals 1.026 119.6 121.8 1.8 0.8 2.0 -2.2 1.8 29 Organic chemicals 1.697 109.3 109.3 1.1 0.3 -0.9 1.2 0.0 30 Pharmaceutical products 0.360 119.4 119.3 0.0 2.5 0.1 -0.7 -0.1 32 Tanning & dyeing extracts; dye & pigments; varnish & paints; putty 0.271 108.5 108.2 -1.9 0.5 -1.3 -0.7 -0.3 37 Photographic or cinematographic goods 0.357 103.9 103.7 -1.9 0.4 -0.3 -0.3 -0.2 3/ Essential oils & perfumes; cleaning preps; glues & starches; & explosives 0.489 109.2 107.2 -2.7 -0.5 0.6 -0.3 -1.8 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 2.456 106.3 106.8 -5.7 0.1 -0.4 -0.1 0.5 39 Plastics and articles thereof 1.409 103.9 104.0 -4.9 -0.1 0.2 -0.1 0.1 40 Rubber and articles thereof 1.047 109.7 110.7 -6.8 0.4 -1.2 -0.2 0.9 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC 1.116 110.0 109.8 2.6 -1.8 -0.2 1.7 -0.2 42 Articles of leather; travel goods, bags, etc. of various materials 0.933 104.4 104.1 0.0 -0.1 -0.1 -0.1 -0.3 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.363 129.1 127.0 13.7 3.9 -4.2 2.1 -1.6 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 2.835 112.5 110.9 -22.3 -1.6 -1.9 -1.7 -1.4 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 0.581 104.7 102.1 -38.3 3.1 1.9 0.1 -2.5 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.919 116.1 114.5 -19.4 -3.1 -3.5 -2.1 -1.4 49 Printed matter 0.335 107.2 107.3 0.4 -0.2 1.1 -2.3 0.1 XI TEXTILE AND TEXTILE ARTICLES 5.973 103.5 103.4 0.0 0.1 -0.3 0.2 -0.1 61 Articles of apparel and clothing accessories, knitted or crocheted 1.582 103.7 103.5 0.6 0.6 0.1 -0.1 -0.2 62 Articles of apparel and clothing accessories, not knitted or crocheted 2.934 102.1 101.8 0.3 0.2 -0.4 0.2 -0.3 63 Made-up or worn textile articles and clothing; needlecraft sets; rags 0.294 109.7 109.8 -0.3 -0.4 -0.1 -0.1 0.1 XII FOOTWEAR, HEADGEAR, UMBRELLAS, WHIPS, ARTIFICIAL FLOWERS, ETC. 2.089 101.6 101.7 0.0 0.2 -0.1 -0.1 0.1 64 Footwear, gaiters and the like; parts of such articles 1.873 101.2 101.4 0.0 0.1 -0.2 -0.1 0.2 XIII STONE, PLASTER, CEMENT, ASBESTOS,CERAMIC GLASS ETC. 1.033 108.1 109.1 2.5 0.1 -0.2 -0.1 0.9 70 Glass and glassware 0.379 110.6 111.3 3.5 0.2 -0.4 0.7 0.6 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 2.337 104.2 103.7 -1.3 0.0 -0.7 -0.2 -0.5 XV BASE METALS AND ARTICLES OF BASE METAL 5.796 109.6 110.2 -5.8 0.2 -0.6 -0.5 0.5 72 Iron and steel 1.699 111.1 110.9 -4.2 0.5 -0.1 -0.3 -0.2 73 Articles of iron or steel 1.377 107.8 107.2 -2.3 -0.2 -0.1 -0.5 -0.6 74 Copper and articles thereof 0.475 103.1 108.4 -18.1 1.2 -1.7 1.2 5.1 75 Nickel and articles thereof 0.255 112.0 110.8 -18.4 -0.4 1.5 -3.9 -1.1 76 Aluminum and articles thereof 0.843 119.4 120.9 -9.0 0.0 -3.4 -1.3 1.3 79 Zinc and articles thereof 0.196 94.2 96.5 3.3 0.7 0.0 2.1 2.4 83 Miscellaneous articles of base metal 0.362 108.6 109.2 1.6 -0.1 0.4 0.0 0.6 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE & SOUND RECORDERS, PARTS, ETC. 23.555 97.8 97.6 -4.1 0.2 -0.4 -0.3 -0.2 84 Specialized machinery & computer equipment 12.574 97.8 97.9 -2.9 0.1 -0.4 0.0 0.1 85 Electrical machinery and equip, sound and TV recorders & reproducers, parts 10.981 97.8 97.3 -5.4 0.5 -0.5 -0.7 -0.5 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 17.077 109.9 110.0 0.0 0.4 -0.2 -0.2 0.1 87 Motor vehicles and their parts 15.873 110.2 110.3 0.0 0.4 -0.2 -0.1 0.1 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 3.283 107.7 107.4 -2.9 0.1 -0.3 -0.5 -0.3 90 Optical, photographic, measuring and medical instruments 2.752 107.3 107.0 -2.9 0.0 -0.5 -0.2 -0.3 91 Clocks and watches and parts thereof 0.377 110.3 109.5 -2.8 1.4 0.1 -0.9 -0.7 XX MISCELLANEOUS MANUFACTURED ARTICLES 3.182 101.1 101.0 -0.5 0.1 -0.2 0.2 -0.1 94 Furniture; stuffed furnishings; lamps and lighting fittings nes; 1.252 101.0 101.0 -0.4 0.1 -0.2 0.8 0.0 95 Toys, games and sports equipment; parts and accessories thereof 1.653 100.8 100.4 -0.1 0.1 -0.3 0.0 -0.4 96 Miscellaneous manufactured articles 0.277 104.0 104.3 -3.2 0.7 -0.7 0.0 0.3 1 Relative importance figures are based on 1990 trade values. 2 Data for September, October and November 1996 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, December 1995-December 1996 December 1992=100, unless otherwise noted Index Percent Change Relative Import- Annual Monthly Harmo- ance Dec. Aug. Sept. Oct. Nov. nized Description 1995 1996 1996 1996 1996 System November November December to to to to to 1996 1996 1996 Dec. Sept. Oct. Nov. Dec. 1/ 2/ 1996 1996 1996 1996 1996 I LIVE ANIMALS; ANIMAL PRODUCTS 2.068 118.5 117.9 -0.4 -2.2 0.5 1.3 -0.5 02 Meat & edible meat offal 0.807 104.2 103.8 -9.3 -3.2 0.1 -0.4 -0.4 03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.887 133.6 133.3 4.1 -1.7 0.9 3.6 -0.2 03R Other fish, crustaceans & aquatic invertebrates 0.489 148.1 148.6 -3.7 -3.3 -0.6 5.0 0.3 II VEGETABLE PRODUCTS 6.876 124.3 122.1 -10.5 -13.5 -5.0 -2.1 -1.8 07 Edible vegetables and certain roots and tubers 0.411 115.9 107.6 16.3 -1.2 4.2 4.5 -7.2 08 Edible fruit and nuts; peel of citrus fruit or melons 0.956 129.1 121.8 -6.4 3.9 1.5 -5.7 -5.7 10 Cereals 3.806 124.9 123.6 -17.3 -22.2 -4.9 -3.3 -1.0 12 Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder 1.421 124.2 123.5 1.3 -0.4 -12.5 1.5 -0.6 III ANIMAL OR VEGETABLE FATS AND OILS 0.360 109.0 112.0 -5.4 4.1 -4.0 -6.0 2.8 IV PREPARED FOODSTUFFS, BEVERAGES, AND TOBACCO 3.820 107.0 107.6 1.3 1.1 -0.5 -1.7 0.6 20 Preparations of vegetables, fruit, nuts, or other parts of plants 0.341 113.2 113.7 1.2 -1.2 0.4 0.4 0.4 21 Miscellaneous edible preparations 0.228 101.8 102.6 2.2 0.5 0.1 0.1 0.8 23 Residues and waste from the food industries; prepared animal feed 0.811 114.7 116.5 3.4 4.9 -2.5 -5.2 1.6 V MINERAL PRODUCTS 4.648 121.2 123.1 12.2 3.1 3.1 -0.3 1.6 27 Mineral fuels, oils and residuals, bituminous substances and mineral wax 3.921 124.2 126.1 16.7 3.1 3.4 -0.2 1.5 VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 9.451 113.4 113.5 -0.7 0.0 0.2 0.2 0.1 28 Inorganic chemicals 1.316 120.1 120.7 1.5 -0.4 -0.2 -0.1 0.5 29 Organic chemicals 3.328 111.5 111.3 -4.7 0.0 0.4 0.0 -0.2 30 Pharmaceutical products 0.742 106.9 106.9 0.7 0.1 -0.2 0.2 0.0 32 Tanning or dyeing extracts; dyes and pigments; paints & varnish; putty;ink 0.428 103.3 103.4 1.4 0.0 1.0 -0.1 0.1 33 Essential oils and resinoids; perfumery, cosmetic or toilet 0.391 108.1 108.2 -0.1 0.6 0.0 -0.2 0.1 34 Soap; lubricants; waxes, polishing or scouring products; candles, pastes 0.252 112.8 113.2 1.7 0.4 -0.1 0.1 0.4 37 Photographic or cinematographic goods 0.517 98.5 99.3 -0.1 0.1 -0.1 0.2 0.8 38 Miscellaneous chemical products 1.408 113.9 113.9 2.6 0.1 0.2 0.0 0.0 VII PLASTICS AND ARTICLES THEREOF; RUBBER AND ARTICLES THEREOF 4.133 113.6 114.1 1.4 -0.4 -0.4 -1.0 0.4 39 Plastics and articles thereof 3.261 114.8 115.2 2.0 -0.5 -0.5 -1.2 0.3 40 Rubber and articles thereof 0.872 109.5 110.1 -0.6 0.1 -0.2 -0.2 0.5 VIII RAW HIDES, SKINS, LEATHER, FURSKINS, TRAVEL GOODS, ETC. 0.911 120.3 118.3 13.4 2.7 4.4 0.2 -1.7 41 Raw hides and skins (other than furskins) and leather 0.705 115.3 112.7 11.3 3.4 5.8 0.2 -2.3 IX WOOD, WOOD CHARCOAL, CORK, STRAW, BASKET AND WICKER 1.936 116.1 116.5 -1.0 1.4 0.3 0.5 0.3 X WOOD PULP, WASTE AND SCRAP PAPER, PAPER AND ARTICLES THEREOF 3.484 109.9 108.4 -18.4 0.5 -0.4 -0.7 -1.4 47 Pulp wood or other fibrous cellulosic material; waste paper/paperboard 1.165 112.1 108.5 -34.6 1.1 1.2 -1.5 -3.2 48 Paper and paperboard; articles of paper pulp, paper or paperboard 1.429 108.9 108.0 -13.2 0.7 -2.1 -0.5 -0.8 49 Printed material 0.890 108.8 108.9 4.4 -0.4 -0.1 0.0 0.1 XI TEXTILE AND TEXTILE ARTICLES 3.149 113.0 113.6 -6.6 1.0 -0.8 -1.3 0.5 52 Cotton, including yarns and woven fabrics thereof 1.116 128.9 131.8 -15.0 2.8 -1.4 -3.5 2.2 XIV PEARLS, STONES, PRECIOUS METALS, IMITATION JEWELRY, AND COINS 1.880 110.2 109.5 0.4 1.4 -0.3 0.1 -0.6 XV BASE METALS AND ARTICLES OF BASE METALS 5.010 112.9 114.9 -4.1 0.4 -0.9 -1.2 1.8 72 Iron and steel 1.194 116.5 117.1 -6.8 -0.7 -0.9 -2.3 0.5 73 Articles of iron or steel 1.006 111.1 111.1 1.5 0.1 0.1 0.8 0.0 74 Copper and articles thereof 0.481 98.6 104.2 -15.5 0.9 -0.5 0.9 5.7 76 Aluminum and articles thereof 1.170 114.6 119.3 -5.8 0.3 -2.6 -2.1 4.1 83 Miscellaneous articles of base metal 0.334 108.4 108.9 0.3 0.3 -0.6 0.4 0.5 XVI MACHINERY, ELECTRICAL EQUIPMENT, TV IMAGE AND SOUND RECORDERS, PARTS, ETC 29.113 96.0 95.9 -1.5 -0.2 -0.2 -0.1 -0.1 84 Specialized machinery & computer equipment 17.975 95.3 95.1 -1.3 -0.2 -0.1 -0.2 -0.2 85 Electrical machinery and equip, sound & tv recorders & reproducers, parts 11.139 97.1 97.3 -1.8 -0.1 -0.3 0.0 0.2 XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT 16.004 108.2 108.2 1.7 0.3 0.3 0.1 0.0 87 Motor vehicles and their parts 8.184 105.0 105.0 0.7 0.0 0.2 0.2 0.0 XVIII OPTICAL, PHOTO, MEASURING, MEDICAL & MUSICAL INSTRUMENTS; CLOCKS & WATCHES 4.816 104.9 105.3 1.7 0.1 -0.2 0.2 0.4 XX MISCELLANEOUS MANUFACTURED ARTICLES 1.283 103.2 103.2 0.8 0.0 0.2 -0.1 0.0 94 Furniture; stuffed furnishings; lamps and lighting fittings nesoi; 0.606 104.9 104.8 1.3 0.3 0.2 -0.1 -0.1 95 Toys, games and sports equipment; parts and accessories thereof 0.501 99.8 99.9 0.1 -0.3 0.0 0.0 0.1 1 Relative importance figures are based on 1990 trade values. 2 Data for September, October and November 1996 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,December 1995-December 1996 December 1990=100, unless otherwise noted Index Percent Change Percentage of Annual Monthly US Imports Dec. Aug. Sept. Oct. Nov. Description 1/ 1995 1996 1996 1996 1996 1990 Nov. Dec. to to to to to 1996 1996 Dec. Sept. Oct. Nov. Dec. 2/ 1996 1996 1996 1996 1996 3/ Developed Countries 59.3 110.3 110.4 -0.8 0.5 -0.2 -0.1 0.1 Manufactured Goods 55.5 111.7 111.6 -2.1 0.4 -0.4 -0.2 -0.1 Nonmanufactured Goods 3.5 117.2 120.5 25.4 3.0 2.9 2.9 2.8 3/ Developing Countries 40.7 95.9 95.8 5.2 2.2 1.7 -0.2 -0.1 Manufactured Goods 30.2 103.4 103.1 0.1 0.3 0.5 0.4 -0.3 Nonmanufactured Goods 10.4 94.8 95.4 25.0 8.4 5.3 -1.9 0.6 Canada 18.1 104.6 104.9 -0.2 0.7 0.2 0.4 0.3 Manufactured Goods 15.7 105.0 104.9 -3.2 0.6 -0.3 0.0 -0.1 Nonmanufactured Goods 2.2 118.4 122.1 25.7 2.0 3.3 2.9 3.1 4/ European Union 17.8 108.4 108.6 1.5 0.5 0.3 -0.3 0.2 Manufactured Goods 17.3 109.0 109.1 0.7 0.3 0.1 -0.3 0.1 Nonmanufactured Goods 0.5 124.2 125.2 28.3 3.9 5.3 3.0 0.8 Japan 18.5 114.0 113.6 -4.1 0.0 -0.5 -0.4 -0.4 5/ Asian Newly Industrialized Countries 12.5 97.1 96.6 -2.9 -0.3 0.1 -0.3 -0.5 D 1 Regions are not mutually exclusive. 2 Data for September, October and November 1996 have been revised to reflect the availability of late reports and corrections by respondents. DA S O 11 1 1 3 Defined according to the Standard Census Definition. N D 1 1DS O N 4 Includes EU 15 countries 11 1 1 5 Includes Hong Kong, Singapore, South Korea, and Taiwan. Table 8 U.S. International Price Indexes and Percent Changes for Selected Categories of Services. December 1995-December 1996 1990 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade Dec. Dec. March June Sept. Description (Mil. 1995 1995 1996 1996 1996 of Sept. Dec. to to to to to Dollars) 1996 1996 Dec. March June Sept. Dec. 1996 1996 1996 1996 1996 Air Freight (Inbound) (9/90 = 100) 3308 109.8 109.0 -3.8 -2.8 -0.8 0.5 -0.7 Atlantic (9/90 = 100) 1025 96.3 98.1 -3.3 -5.0 -1.9 1.8 1.9 Pacific (9/90 = 100) 2028 117.6 115.6 -4.5 -1.7 -0.5 -0.7 -1.7 Air Freight (Outbound) (9/92 = 100) 2694 97.4 97.7 -0.4 -0.5 0.3 -0.5 0.3 Atlantic (9/92 = 100) 920 103.8 104.1 -1.0 -1.9 0.9 -0.2 0.3 Pacific (9/92 = 100) 1224 96.7 97.1 -0.2 0.3 0.0 -0.9 0.4 Air Passenger Fares (U.S. Carrier) 24233 131.1 124.1 5.7 2.2 6.2 2.9 -5.3 1/ Atlantic 10075 133.5 115.5 5.3 1.3 13.3 6.0 -13.5 1/ Pacific 7271 125.5 121.0 0.5 4.2 1.8 -1.7 -3.6 1/ Latin American / Caribbean 4492 130.1 130.1 2.7 2.5 -0.1 0.2 0.0 Canadian 1264 165.6 205.7 47.9 0.1 2.7 15.8 24.2 Air Passenger Fares (Foreign Carrier) 22669 125.5 119.7 3.8 -0.7 7.0 2.4 -4.6 Atlantic 13156 125.8 114.6 2.7 -1.6 10.3 3.9 -8.9 Pacific 5663 118.9 118.8 1.4 -0.3 4.5 -2.7 -0.1 Latin American / Caribbean 2890 131.8 132.0 3.1 1.7 -0.1 1.3 0.2 Crude Oil Tanker Freight (Inbound) 2153 112.9 122.2 -8.5 -3.2 -1.9 -11.0 8.2 Atlantic 572 117.3 116.1 7.0 13.2 -2.5 -2.0 -1.0 Gulf 1455 103.4 116.6 -14.4 -9.0 -4.8 -12.4 12.8 Ocean Liner Freight (Inbound) 8065 109.5 110.0 -2.7 0.4 -1.9 -1.6 0.5 U.S. East Coast 3769 115.9 117.0 0.4 1.1 -0.9 -0.7 0.9 from Atlantic 1889 121.9 122.3 1.9 4.7 -1.6 -1.4 0.3 from Pacific 1154 108.2 108.4 -4.7 -4.1 -0.6 -0.2 0.2 U.S. West Coast 4296 104.0 103.9 -5.6 -0.3 -2.9 -2.4 -0.1 from Pacific 3943 105.2 105.0 -6.3 -0.5 -3.1 -2.5 -0.2 1 Detailed data available upon request. Table 9 U.S. Import and Export Price Indexes and Percent Changes for Selected Categories of Services. December 1995-December 1996 1990 = 100, unless otherwise noted Index Percent Change Annual Quarterly Trade Dec. Dec. March June Sept. Description (Mil. 1995 1995 1996 1996 1996 of Sept. Dec. to to to to to Dollars) 1996 1996 Dec. March June Sept. Dec. 1996 1996 1996 1996 1996 IMPORT Air Freight (9/90 = 100) 2001 116.1 114.3 -4.3 -1.2 -1.4 -0.3 -1.6 Atlantic (9/90 = 100) 738 98.4 98.1 -3.1 -2.3 -2.5 2.1 -0.3 Pacific (9/90 = 100) 1102 132.1 128.9 -5.4 -0.7 -0.9 -1.4 -2.4 Air Passenger Fares 10450 122.1 118.6 2.1 -0.8 7.5 -1.5 -2.9 Atlantic 6577 122.0 113.5 0.9 -1.6 10.5 -0.2 -7.0 Pacific 2051 111.1 119.5 2.2 -1.0 5.8 -9.2 7.6 Latin American / Caribbean 1678 134.1 134.2 3.7 2.2 0.1 1.4 0.1 Crude Oil Tanker Freight 1985 114.7 123.9 -14.4 -9.4 -1.4 -11.3 8.0 Atlantic 534 120.5 118.7 5.0 13.3 -0.5 -5.3 -1.5 Gulf 1328 104.8 118.4 -21.5 -17.3 -5.1 -11.5 13.0 Ocean Liner Freight 6017 110.1 109.8 -2.6 0.9 -1.9 -1.3 -0.3 U.S. East Coast 2832 117.8 117.9 0.2 1.2 -1.0 -0.1 0.1 from Atlantic 1336 126.4 126.3 3.0 5.2 -2.2 0.2 -0.1 from Pacific 1094 112.4 112.6 -3.5 -3.3 -0.2 -0.2 0.2 U.S. West Coast 3185 103.4 102.7 -5.3 0.6 -2.8 -2.5 -0.7 from Pacific 2840 104.9 104.0 -6.1 0.3 -3.1 -2.5 -0.9 EXPORT Air Passenger Fares 11867 127.9 123.9 3.3 1.6 1.4 3.6 -3.1 1/ Atlantic 4159 136.5 125.8 7.6 2.0 5.8 8.2 -7.8 1/ Pacific 4679 120.5 114.9 -4.6 2.3 -2.4 0.2 -4.6 Latin American / Caribbean 1775 125.3 126.3 -0.2 -0.8 -1.1 0.9 0.8 Canadian 619 149.3 188.6 46.9 4.0 4.3 7.2 26.3 1 Detailed data available upon request.