Economic News Release

U.S. Import and Export Price Indexes News Release

 
                                                                                                         
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Internet address:  http://www.bls.gov/mxp					  Thursday, March 13, 2008


                                    U.S. IMPORT AND EXPORT PRICE INDEXES
                                              - FEBRUARY 2008 -

   The U.S. Import Price Index advanced 0.2 percent in February, the Bureau of Labor Statistics of 
the U.S. Department of Labor reported today, as a 0.6 percent increase in nonpetroleum prices more than 
offset a 1.5 percent downturn in petroleum prices.  Prices for U.S. exports rose 0.9 percent in February 
after increasing 1.2 percent the previous month.

                              Percent changes in import and export price indexes
                                             by End Use category
                                         - not seasonally adjusted -
   
Month IMPORTS EXPORTS
All
imports
Petroleum
imports
Non-
petroleum
imports
All
exports
Agri-
cultural
exports
Non-
agricultural
exports

2007

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 0.6 0.3 -0.1 0.4

June

1.2 4.8 0.3 0.4 2.7 0.2

July

1.2 6.0 0.1 0.1 1.6 -0.1

August

-0.3 -1.5 0.0 0.2 1.0 0.1

September

0.6 3.1 -0.1 0.3 4.2 0.0

October

1.5 5.0 0.6 0.8 3.8 0.5

November

(r)3.2 12.4 (r)0.7 0.9 1.4 (r)0.9

December

-0.2 (r)-1.8 (r)0.4 0.4 (r)2.7 (r)0.2

2008

January

(r)1.6 (r)4.8 (r)0.7 1.2 5.0 0.8

February

0.2 -1.5 0.6 0.9 4.4 0.5

Feb. 2006 to 2007

1.2 -4.5 2.2 4.9 17.5 3.8

Feb. 2007 to 2008

13.6 60.9 4.5 6.8 30.8 4.6

Footnotes
(r) Revised


Import Goods
   
   Import prices ticked up 0.2 percent in February following a 1.6 percent increase in January.  The 
index advanced 13.6 percent over the past year.  Petroleum prices fell for the second time in three 
months in February, declining 1.5 percent after rising 4.8 percent in January.  Prices increased 60.9 
percent for the year ended in February.  Nonpetroleum prices advanced 0.6 percent in February after a 
0.7 percent increase the previous month.  The price index for nonpetroleum prices was up 4.5 percent 
over the past 12 months.      
   
   A 2.5 percent increase in nonpetroleum industrial supplies and materials prices was the largest 
contributor to the overall February rise in nonpetroleum prices.  That advance was led by higher prices 
for natural gas, metals, and fertilizers.  Prices for nonpetroleum industrial supplies and materials rose 
12.5 percent over the past year.     

   The price indexes for consumer goods, automotive vehicles, and capital goods all ticked up in 
February, rising 0.3 percent, 0.2 percent, and 0.1 percent, respectively.  The February increase in 
consumer prices was led by an advance in jewelry prices and came after a 0.5 percent rise in January.  
The increase for capital goods followed a 0.3 percent downturn the previous month.   
   
   In contrast, foods, feeds, and beverages prices edged down 0.1 percent, the first decline for the 
index since a 0.2 percent decrease in March of last year.  Despite the downturn, prices for foods, feeds, 
and beverages rose 11.0 percent over the past year.  


Export Goods 

   The 0.9 percent increase in export prices in February followed a 1.2 percent advance in January 
which was the largest monthly rise for the index since January 1989.  The index rose 6.8 percent for the 
year ended in February.   The price indexes for agricultural exports and nonagricultural exports each 
contributed to the overall increase last month.  Agricultural prices rose 4.4 percent in February following 
a 5.0 percent increase the previous month and the index advanced 30.8 percent for the year ended in 
February, the largest 12-month rise since September 1988.  Higher prices for wheat, corn, and soybeans 
all factored into both the February and year-over-year increases.    Nonagricultural prices increased 0.5 
percent in February after rising 0.8 percent in January, and rose 4.6 percent over the past year.      
   
   The increase in nonagricultural exports was led by a 1.1 percent rise in the price index for 
nonagricultural industrial supplies and materials.  Prices for nonagricultural industrial supplies and 
materials had advanced 1.9 percent in January and rose 10.7 percent over the past 12 months.  The 
February increase was primarily driven by higher metals prices which more than offset lower prices for 
fuel.    
   
   Each of the major finished goods price indexes advanced in February as well.  Capital goods 
prices increased 0.4 percent, the largest monthly rise for the index since a similar 0.4 percent advance in 
January 2006.  Higher prices for transportation equipment, industrial service machinery, and computers 
all factored into the February increase.  Consumer goods prices and prices for automotive vehicles also 
advanced in February, rising 0.4 percent and 0.1 percent, respectively.  


Imports by Locality of Origin 
	
   The price index for imports from China ticked up 0.1 percent in February following a 0.8 percent 
jump in January.   Import prices from China last recorded a monthly decline in January 2007 and rose 
3.4 percent for the year ended in February after dropping 0.9 percent for the previous 12-month period.  
Prices of imports from Japan also continued to trend upward in February, advancing 0.3 percent for the 
second time in the past three months.  The index was up 0.7 percent for the February 2007-2008 period. 
   
   Import prices from the European Union and from Canada rose 0.6 percent and 0.1 percent, 
respectively, in February.  The price index for imports from the European Union had risen 1.6 percent in 
January and advanced 5.0 percent over the past year.  Import prices from Canada were up 2.4 percent in 
January and 13.7 percent for the year ended in February. 
    
   In contrast, prices for imports from Mexico declined 1.2 percent in February, the first monthly 
decrease for the index since January 2007.  Despite the February drop, the index advanced 17.3 percent 
over the past 12 months.
   
   
Import and Export Services

   Import air passenger fares declined 1.1 percent in February, the fifth decrease in the past six 
months.  Despite the recent downward trend, the index rose 6.7 percent for the year ended in February.  
The price index for export air passenger fares fell 7.1 percent in February, but increased 8.8 percent over 
the past year.  Lower fares for Asia, the Latin America-Caribbean region, and Europe all contributed to 
the February decline.   
	
   The price index for import air freight advanced 0.6 percent in February after edging down 0.1 
percent in January.  Import air freight prices increased 9.0 percent over the past 12 months.  Export air 
freight prices ticked up 0.1 percent in February following a 3.0 percent rise the previous month.  The 
index rose 13.0 percent for the year ended in February.


CONTENTS OF RELEASE

This news release includes the following tables:

Table 1    U.S. Import Price Indexes, by End Use
Table 2    U.S. Export Price Indexes, by End Use
Table 3    U.S. Import Price Indexes, by NAICS
Table 4    U.S. Export Price Indexes, by NAICS
Table 5    U.S. Import Price Indexes, by Harmonized System
Table 6    U.S. Export Price Indexes, by Harmonized System
Table 7    U.S. Import Price Indexes, by Locality of Origin
Table 8    U.S. International Price Indexes for Selected Transportation Services
-------------------------------------------------------------------
Import and Export Price Index data for March are scheduled for release on April 11 at 
8:30 A.M. (EDT)

Table 1. U.S. import price indexes and percent changes for selected categories of goods: February 2007 to February 2008 2000=100, unless otherwise noted
Description End
Use
Relative
import-
ance
Jan.
2008(1)
Index Percent change
Jan.
2008
Feb.
2008
Annual Monthly
Feb.
2007
to
Feb.
2008
Oct.
2007
to
Nov.
2007
Nov.
2007
to
Dec.
2007
Dec.
2007
to
Jan.
2008
Jan.
2008
to
Feb.
2008

All commodities

100.000 129.4 129.6 13.6 3.2 -0.2 1.6 0.2

All imports excluding petroleum

77.988 109.7 110.4 4.5 0.7 0.4 0.7 0.6

All imports excluding fuels (Dec. 2001=100)

75.982 112.2 112.8 4.3 0.4 0.4 0.7 0.5

Foods, feeds, & beverages

0

4.375 138.7 138.5 11.0 0.2 0.7 3.2 -0.1

Agricultural foods, feeds & beverages, excluding distilled beverages

00

3.385 153.9 153.6 13.4 0.4 0.8 3.8 -0.2

Nonagricultural foods (fish, distilled beverages)

01

0.990 104.3 104.4 3.3 -0.7 0.5 1.3 0.1

Industrial supplies & materials

1

38.951 218.9 219.4 35.4 7.9 -0.7 3.6 0.2

Industrial supplies & materials excluding petroleum

16.939 150.6 154.4 12.5 2.4 0.7 2.1 2.5

Industrial supplies & materials excluding fuels (Dec. 2001=100)

14.933 159.0 162.1 11.9 1.0 0.7 2.3 1.9

Industrial supplies & materials, durable

9.670 149.2 151.9 9.1 1.1 0.3 0.1 1.8

Industrial supplies & materials nondurable excluding petroleum

5.264 151.5 157.0 17.0 4.1 1.2 4.7 3.6

Fuels & lubricants

10

24.017 303.3 300.7 55.0 12.3 -1.6 4.5 -0.9

Petroleum & petroleum products

100

22.012 321.5 316.6 60.9 12.4 -1.8 4.8 -1.5

Crude

10000

16.135 330.6 332.9 67.0 11.6 -1.2 5.4 0.7

Fuels, n.e.s.-coals & gas

101

1.676 185.2 199.9 16.0 14.5 1.2 1.0 7.9

Gas-natural

10110

1.515 179.9 195.6 15.7 16.2 1.4 0.8 8.7

Paper & paper base stocks

11

0.742 113.1 114.0 2.3 -3.7 1.1 3.6 0.8

Materials associated with nondurable supplies & materials

12

4.592 144.8 148.4 19.9 1.8 1.3 6.9 2.5

Selected building materials

13

1.760 115.9 113.4 2.2 -0.1 0.3 -0.1 -2.2

Unfinished metals related to durable goods

14

4.473 214.8 223.1 12.8 1.8 1.1 -1.1 3.9

Finished metals related to durable goods

15

1.805 137.7 140.0 12.4 0.8 -1.7 2.0 1.7

Nonmetals related to durable goods

16

1.561 105.4 105.9 3.8 0.3 0.5 1.5 0.5

Capital goods

2

21.044 91.9 92.0 0.9 0.1 0.1 -0.3 0.1

Electric generating equipment

20

2.656 107.8 108.4 4.1 0.7 0.4 -0.1 0.6

Nonelectrical machinery

21

16.780 87.4 87.4 0.0 0.0 0.1 -0.5 0.0

Transportation equipment excluding motor vehicles (Dec. 2001=100)

22

1.607 115.3 115.4 4.9 0.1 0.1 0.5 0.1

Automotive vehicles, parts & engines

3

13.141 107.1 107.3 2.8 0.6 0.6 0.3 0.2

Consumer goods, excluding automotives

4

22.489 103.0 103.3 2.1 0.2 0.1 0.5 0.3

Nondurables, manufactured

40

10.406 106.3 106.4 2.3 0.2 0.3 0.7 0.1

Durables, manufactured

41

10.981 99.5 100.0 1.9 0.2 0.1 0.2 0.5

Nonmanufactured consumer goods

42

1.103 103.4 103.4 1.3 0.0 0.1 0.0 0.0

Footnotes
(1) Relative importance figures are based on 2006 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available


Table 2. U.S. export price indexes and percent changes for selected categories of goods: February 2007 to February 2008 2000=100, unless otherwise noted
Description End
Use
Relative
import-
ance
Jan.
2008(1)
Index Percent change
Jan.
2008
Feb.
2008
Annual Monthly
Feb.
2007
to
Feb.
2008
Oct.
2007
to
Nov.
2007
Nov.
2007
to
Dec.
2007
Dec.
2007
to
Jan.
2008
Jan.
2008
to
Feb.
2008

All commodities

100.000 120.6 121.7 6.8 0.9 0.4 1.2 0.9

Agricultural commodities

9.620 177.8 185.7 30.8 1.4 2.7 5.0 4.4

Nonagricultural commodities

90.379 116.5 117.1 4.6 0.9 0.2 0.8 0.5

Foods, feeds, & beverages

0

8.795 180.5 188.6 31.4 1.1 3.0 5.6 4.5

Agricultural foods, feeds & beverages, excluding distilled beverages

00

8.122 185.3 194.0 33.2 1.3 3.2 5.7 4.7

Nonagricultural foods (fish, distilled beverages)

01

0.673 139.8 142.2 13.2 -0.8 0.7 4.3 1.7

Industrial supplies & materials

1

29.952 157.0 158.8 11.0 2.3 0.1 1.9 1.1

Industrial supplies & materials, durable

11.386 159.8 165.9 5.9 1.0 -0.2 0.4 3.8

Industrial supplies & materials, nondurable

18.566 156.1 155.4 14.5 3.0 0.3 2.8 -0.4

Agricultural industrial supplies & materials

10

1.498 146.0 150.6 18.8 1.5 -0.1 0.9 3.2

Nonagricultural industrial supplies & materials

28.454 157.8 159.5 10.7 2.3 0.1 1.9 1.1

Fuels & lubricants

11

4.754 231.4 225.0 23.6 9.7 -1.1 4.1 -2.8

Nonagricultural supplies & materials excluding fuels & building materials

12

22.677 150.9 153.7 8.8 1.0 0.4 1.6 1.9

Selected building materials

13

1.023 112.8 114.1 1.7 -0.4 -0.2 -0.7 1.2

Capital goods

2

39.453 100.7 101.1 1.9 0.2 0.2 0.2 0.4

Electrical generating equipment

20

3.730 107.4 107.7 1.7 0.1 0.1 0.1 0.3

Nonelectrical machinery

21

28.004 93.6 93.9 1.3 0.2 0.2 0.0 0.3

Transportation equipment excluding motor vehicles (Dec. 2001=100)

22

7.719 126.2 126.9 5.0 0.4 0.2 1.1 0.6

Automotive vehicles, parts & engines

3

9.767 106.9 107.0 1.1 0.0 0.2 0.2 0.1

Consumer goods, excluding automotives

4

12.032 107.3 107.7 2.8 0.4 0.4 0.1 0.4

Nondurables, manufactured

40

5.624 108.3 108.7 3.4 0.6 0.2 0.1 0.4

Durables, manufactured

41

5.400 105.3 105.7 2.3 0.2 0.8 0.1 0.4

Footnotes
(1) Relative importance figures are based on 2006 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available


Table 3. U.S. import price indexes and percent changes for selected categories of goods: February 2007 to February 2008 December 2005=100, unless otherwise noted
Description NAICS Relative
import-
ance
Jan.
2008(1)
Index Percent change
Jan.
2008
Feb.
2008
Annual Monthly
Feb.
2007
to
Feb.
2008
Oct.
2007
to
Nov.
2007
Nov.
2007
to
Dec.
2007
Dec.
2007
to
Jan.
2008
Jan.
2008
to
Feb.
2008

Nonmanufactured articles

20.272 147.5 149.0 53.5 11.1 -1.0 4.5 1.0

Agriculture, forestry, fishing and hunting

11

1.624 128.8 126.1 13.3 0.6 -0.3 8.1 -2.1

Crop production

111

1.177 134.3 128.8 17.1 1.0 -0.6 9.8 -4.1

Mining

21

18.648 149.3 151.2 57.8 12.0 -1.0 4.2 1.3

Mining (except oil and gas) (Dec. 2006=100)

212

0.345 107.4 108.7 7.2 0.4 1.8 0.8 1.2

Manufactured articles

79.132 109.3 109.4 6.3 1.2 0.2 0.9 0.1

Manufactured goods, part 1

31

9.693 106.8 107.4 5.1 0.2 0.5 0.7 0.6

Food manufacturing

311

2.358 119.2 121.2 13.9 0.5 1.1 1.8 1.7

Beverage and tobacco product manufacturing

312

0.809 104.9 104.9 2.1 0.4 0.5 0.5 0.0

Textile mills

313

0.433 109.7 111.9 6.7 0.0 0.8 0.5 2.0

Textile product mills

314

0.737 100.9 101.2 0.3 0.3 0.1 0.3 0.3

Apparel manufacturing

315

3.948 102.4 102.4 2.4 0.0 0.1 0.2 0.0

Leather and allied product manufacturing

316

1.408 103.6 103.9 2.6 0.2 0.2 0.3 0.3

Manufactured goods, part 2

32

17.907 121.1 119.1 17.5 4.3 -0.3 3.7 -1.7

Wood product manufacturing

321

1.099 93.3 89.7 -0.1 -0.4 0.4 0.0 -3.9

Paper manufacturing

322

1.234 106.8 107.5 3.3 -2.1 0.8 3.3 0.7

Petroleum and coal products manufacturing

324

4.751 146.6 132.9 44.6 14.3 -3.1 6.2 -9.3

Chemical manufacturing

325

8.005 119.7 122.4 13.9 1.2 1.1 3.6 2.3

Plastics and rubber products manufacturing

326

1.639 107.9 108.1 4.6 0.3 0.4 2.0 0.2

Nonmetallic mineral product manufacturing

327

1.079 109.7 110.1 5.3 0.6 0.4 0.1 0.4

Manufactured goods, part 3

33

51.533 106.0 106.6 2.9 0.5 0.3 0.0 0.6

Primary metal manufacturing

331

5.246 147.8 154.3 13.6 2.1 0.3 -1.1 4.4

Fabricated metal product manufacturing

332

2.526 113.9 114.3 7.8 0.6 0.5 2.1 0.4

Machinery manufacturing

333

6.495 107.7 108.3 3.9 -0.2 0.5 0.7 0.6

Computer and electronic product manufacturing

334

13.882 93.8 93.5 -2.5 -0.1 -0.1 -0.7 -0.3

Electrical equipment, appliance, and component manufacturing

335

3.598 108.8 109.2 4.0 0.4 0.3 0.2 0.4

Transportation equipment manufacturing

336

13.876 103.8 104.0 3.1 0.6 0.6 0.2 0.2

Furniture and related product manufacturing

337

1.407 103.7 103.9 2.9 0.2 0.2 1.2 0.2

Miscellaneous manufacturing

339

4.504 108.2 109.2 3.3 0.6 0.3 -0.1 0.9

Footnotes
(1) Relative importance figures are based on 2006 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available


Table 4. U.S. export price indexes and percent changes for selected categories of goods: February 2007 to February 2008 December 2005=100, unless otherwise noted
Description NAICS Relative
import-
ance
Jan.
2008(1)
Index Percent change
Jan.
2008
Feb.
2008
Annual Monthly
Feb.
2007
to
Feb.
2008
Oct.
2007
to
Nov.
2007
Nov.
2007
to
Dec.
2007
Dec.
2007
to
Jan.
2008
Jan.
2008
to
Feb.
2008

Nonmanufactured articles

7.164 149.1 156.2 35.7 0.7 4.2 6.3 4.8

Agriculture, forestry, fishing and hunting

11

5.777 169.3 179.0 47.4 0.9 4.4 7.7 5.7

Crop production

111

5.410 175.7 186.5 51.5 1.2 4.8 7.7 6.1

Mining

21

1.387 103.5 104.5 3.5 0.5 3.3 1.0 1.0

Mining (except oil and gas)

212

0.893 99.8 100.7 0.8 -0.3 -0.6 0.3 0.9

Manufactured articles

89.957 108.7 109.2 5.4 0.8 0.3 0.8 0.5

Manufactured goods, part 1

31

6.582 115.6 117.5 10.0 1.0 0.9 1.0 1.6

Food manufacturing

311

4.243 126.6 129.8 16.1 1.7 1.3 1.5 2.5

Beverage and tobacco product manufacturing

312

0.490 103.6 103.9 2.9 -0.1 0.2 -0.2 0.3

Apparel manufacturing

315

0.475 101.0 101.3 1.0 0.0 -0.2 0.7 0.3

Manufactured goods, part 2

32

22.763 117.4 117.0 11.0 2.3 0.0 2.4 -0.3

Wood product manufacturing

321

0.522 110.6 113.2 5.5 -0.5 -0.5 0.6 2.4

Paper manufacturing

322

1.932 113.5 114.4 5.5 0.6 0.6 0.9 0.8

Petroleum and coal products manufacturing

324

3.212 149.1 142.5 34.6 15.0 -4.0 5.2 -4.4

Chemical manufacturing

325

14.059 115.6 115.8 10.3 0.8 0.8 2.3 0.2

Plastics and rubber products manufacturing

326

2.126 106.1 106.8 2.6 0.3 0.1 0.0 0.7

Nonmetallic mineral product manufacturing

327

0.823 108.8 108.8 3.3 0.1 0.6 1.4 0.0

Manufactured goods, part 3

33

60.611 104.9 105.5 2.8 0.3 0.4 0.2 0.6

Primary metal manufacturing

331

4.382 131.1 137.5 16.1 2.2 1.3 0.7 4.9

Fabricated metal product manufacturing

332

2.672 113.4 113.6 4.4 0.1 0.1 0.4 0.2

Machinery manufacturing

333

11.809 107.0 107.4 3.3 0.2 0.3 0.4 0.4

Computer and electronic product manufacturing

334

16.914 96.2 96.5 -0.2 0.1 0.2 -0.2 0.3

Electrical equipment, appliance, and component manufacturing

335

3.628 106.2 106.6 3.1 0.3 0.2 0.4 0.4

Transportation equipment manufacturing

336

16.495 105.9 106.0 2.4 0.2 0.2 0.7 0.1

Miscellaneous manufacturing

339

4.366 105.6 105.6 2.6 0.1 0.8 -0.2 0.0

Footnotes
(1) Relative importance figures are based on 2006 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available


Table 5. U.S. import price indexes and percent changes for selected categories of goods: February 2007 to February 2008 2000=100, unless otherwise noted
Description Harmo-
nized
system
Relative
import-
ance
Jan.
2008(1)
Index Percent change
Jan.
2008
Feb.
2008
Annual Monthly
Feb.
2007
to
Feb.
2008
Oct.
2007
to
Nov.
2007
Nov.
2007
to
Dec.
2007
Dec.
2007
to
Jan.
2008
Jan.
2008
to
Feb.
2008

Live animals; animal products

I

1.040 125.7 128.6 5.4 -1.5 1.4 -0.2 2.3

Meat and edible meat offal

02

0.239 148.1 150.4 5.7 -1.4 -0.4 0.5 1.6

Fish and crustaceans, molluscs and other aquatic invertebrates

03

0.531 100.0 100.0 0.4 -1.2 0.4 1.0 0.0

Vegetable products

II

1.334 152.7 145.5 15.0 -1.0 -1.0 7.9 -4.7

Edible vegetables, roots, and tubers

07

0.424 265.6 209.7 11.7 2.1 4.4 30.1 -21.0

Edible fruit and nuts; peel of citrus fruit or melons

08

0.348 92.1 96.1 16.8 -5.2 -8.7 -1.9 4.3

Coffee, tea, mate and spices

09

0.245 157.7 157.4 14.2 -1.2 1.9 3.4 -0.2

Prepared foodstuffs, beverages, and tobacco

IV

2.125 132.3 133.2 9.2 0.6 0.8 3.0 0.7

Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2007=100)

19

0.169 100.8 102.1 - - - 0.8 1.3

Preparations of vegetables, fruit, nuts, or other parts of plants

20

0.230 135.1 137.2 13.6 2.2 1.4 0.4 1.6

Beverages, spirits, and vinegar

22

0.795 116.2 116.3 5.3 0.3 0.8 3.2 0.1

Mineral products

V

23.675 298.9 296.8 54.3 12.2 -1.4 4.5 -0.7

Salt; sulfur; earths and stone; plaster materials, lime & cement (Dec.2007=100)

25

0.205 100.2 101.8 - - - 0.2 1.6

Mineral fuels, oils and residuals, bituminous substances and mineral waxes

27

23.134 299.9 297.7 55.5 12.5 -1.5 4.6 -0.7

Products of the chemical or allied industries

VI

7.263 133.0 136.1 12.6 1.1 1.1 3.5 2.3

Inorganic chemicals

28

0.910 235.2 254.8 31.8 1.2 2.6 10.9 8.3

Organic chemicals

29

2.490 132.9 133.0 8.5 1.6 0.4 4.7 0.1

Pharmaceutical products

30

2.234 111.4 111.2 3.2 0.2 0.6 1.1 -0.2

Tanning & dyeing extracts; dye & pigments; varnish & paints; putty

32

0.159 102.5 102.7 1.1 -0.1 0.1 0.1 0.2

Essential oils and resinoids (Dec. 2001=100)

33

0.384 117.1 122.0 10.3 0.1 0.4 2.4 4.2

Miscellaneous chemical products

38

0.399 97.1 98.0 3.4 0.2 -0.6 -1.5 0.9

Plastics and articles thereof; rubber and articles thereof

VII

2.786 128.3 128.9 6.8 1.0 0.3 2.1 0.5

Plastics and articles thereof

39

1.840 125.9 126.3 7.6 1.0 0.5 2.4 0.3

Rubber and articles thereof

40

0.946 133.1 134.0 5.4 1.1 -0.1 1.7 0.7

Raw hides, skins, leather, furskins, travel goods, etc

VIII

0.571 111.0 111.3 5.1 0.1 0.5 0.5 0.3

Articles of leather; travel goods, bags, etc. of various materials

42

0.507 111.6 111.8 5.7 0.2 0.5 0.5 0.2

Wood, wood charcoal, cork, straw, basketware and wickerwork

IX

1.139 114.3 110.4 -0.1 -0.4 0.5 -0.1 -3.4

Woodpulp, recovered paper, and paper products

X

1.390 111.4 111.9 3.4 -1.8 0.6 3.3 0.4

Paper and paperboard; articles of paper pulp, paper or paperboard

48

0.946 105.9 106.4 1.3 -2.9 0.4 4.3 0.5

Printed matter

49

0.253 118.9 118.9 3.7 0.3 0.0 1.1 0.0

Textile and textile articles

XI

4.951 103.3 103.5 2.3 0.0 0.1 0.3 0.2

Articles of apparel and clothing accessories, knitted or crocheted

61

1.803 101.1 101.0 0.9 0.1 0.0 0.4 -0.1

Articles of apparel and clothing accessories, not knitted or crocheted

62

1.964 102.7 102.7 3.1 -0.1 0.0 0.0 0.0

Made-up or worn textile articles

63

0.493 93.3 93.6 -1.1 0.3 0.0 0.5 0.3

Headgear, umbrellas, artifical flowers, etc.

XII

1.174 104.2 104.4 3.1 0.2 1.6 0.2 0.2

Footwear and parts of such articles

64

0.980 102.7 103.0 1.5 0.3 0.2 0.2 0.3

Stone, plaster, cement, asbestos, ceramics, glass etc.

XIII

0.931 113.9 114.0 4.5 0.4 0.4 0.2 0.1

Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100)

68

0.332 106.3 106.6 3.8 0.4 0.7 0.4 0.3

Ceramic products

69

0.297 121.1 121.4 6.4 0.5 0.2 -0.2 0.2

Glass and glassware

70

0.302 113.5 113.4 3.8 0.5 0.5 0.1 -0.1

Pearls, stones, precious metals, imitation jewelry, and coins

XIV

2.624 142.7 149.6 14.5 2.3 1.5 0.4 4.8

Base metals and articles of base metals

XV

6.442 171.5 174.6 7.9 0.9 -0.6 0.2 1.8

Iron and steel

72

1.842 218.7 226.0 20.1 0.5 1.1 4.3 3.3

Articles of iron or steel

73

1.582 138.7 139.5 10.3 0.6 0.8 3.6 0.6

Copper and articles thereof

74

0.750 270.0 284.1 20.5 2.7 -6.2 -8.5 5.2

Aluminum and articles thereof

76

0.950 140.4 141.4 -3.7 0.1 1.3 -0.4 0.7

Tools, implements, cutlery, spoons and forks, of base metal; parts thereof

82

0.352 112.0 112.9 4.6 1.5 0.1 0.8 0.8

Miscellaneous articles of base metal

83

0.440 126.6 126.6 1.0 0.2 0.2 0.1 0.0

Machinery, electrical equipment, TV image and sound recorders, parts, etc.

XVI

23.780 88.3 88.4 0.6 0.1 0.1 -0.2 0.1

Machinery and mechanical appliances; parts thereof

84

12.246 88.6 88.7 0.3 0.0 0.1 -0.6 0.1

Electrical machinery and equip, sound and TV recorders & reproducers, parts

85

11.534 87.9 88.0 0.5 0.2 0.1 -0.1 0.1

Vehicles, aircraft, vessels and associated transport equipment

XVII

12.136 108.6 108.7 3.1 0.7 0.7 0.3 0.1

Motor vehicles and their parts

87

11.254 107.8 108.0 3.2 0.8 0.7 0.3 0.2

Aircraft, spacecraft, and parts thereof (Dec. 2002=100)

88

0.792 110.5 110.6 2.5 0.1 0.2 0.1 0.1

Optical, photo, measuring, medical & musical instruments; & timepieces

XVIII

2.800 99.7 99.4 0.5 0.1 0.2 -0.1 -0.3

Optical, photographic, measuring and medical instruments

90

2.512 97.9 97.5 0.3 0.1 0.2 -0.1 -0.4

Clocks and watches and parts thereof

91

0.216 117.4 118.0 2.3 0.1 0.4 -0.3 0.5

Miscellaneous manufactured articles

XX

3.576 102.4 102.6 1.8 0.1 0.0 0.5 0.2

Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs

94

2.053 106.2 106.5 2.1 0.1 -0.1 0.8 0.3

Toys, games and sports equipment; parts and accessories thereof

95

1.331 97.0 97.1 1.4 0.0 0.0 0.1 0.1

Miscellaneous manufactured articles

96

0.192 108.2 108.0 1.5 0.3 0.6 0.2 -0.2

Footnotes
(1) Relative importance figures are based on 2006 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available


Table 6. U.S. export price indexes and percent changes for selected categories of goods: February 2007 to February 2008 2000=100, unless otherwise noted
Description Harmo-
nized
system
Relative
import-
ance
Jan.
2008(1)
Index Percent change
Jan.
2008
Feb.
2008
Annual Monthly
Feb.
2007
to
Feb.
2008
Oct.
2007
to
Nov.
2007
Nov.
2007
to
Dec.
2007
Dec.
2007
to
Jan.
2008
Jan.
2008
to
Feb.
2008

Live animals; animal products

I

1.527 156.1 157.6 10.5 -1.2 0.7 0.6 1.0

Meat & edible meat offal (Dec. 2006=100)

02

0.788 123.2 124.6 13.9 -2.3 0.2 -1.4 1.1

Fish and crustaceans, molluscs and other aquatic invertebrates

03

0.412 140.0 144.3 19.1 -0.5 1.1 5.2 3.1

Vegetable products

II

5.331 219.3 232.1 48.9 1.3 4.1 8.5 5.8

Edible fruit and nuts; peel of citrus fruit or melons

08

0.707 123.0 122.1 7.3 0.1 -4.0 1.4 -0.7

Cereals

10

2.379 262.3 290.4 63.8 -0.6 8.9 9.5 10.7

Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder

12

1.605 230.2 242.3 67.2 5.1 7.0 10.3 5.3

Prepared foodstuffs, beverages,and tobacco

IV

2.362 131.8 133.8 11.8 1.9 0.8 2.3 1.5

Miscellaneous edible preparations

21

0.449 119.9 120.1 8.2 0.8 0.7 1.9 0.2

Residues and waste from the food industries; prepared animal feed

23

0.568 185.8 193.7 35.2 6.6 1.7 5.5 4.3

Mineral products

V

4.829 280.3 274.3 23.2 9.8 -0.8 3.9 -2.1

Mineral fuels, oils and residuals, bituminous substances and mineral waxes

27

4.238 273.6 266.7 28.0 11.8 -0.6 4.3 -2.5

Products of the chemical or allied industries

VI

11.583 137.0 136.9 9.3 0.8 0.7 2.3 -0.1

Inorganic chemicals

28

1.103 174.1 174.5 15.5 1.0 1.9 2.1 0.2

Organic chemicals

29

3.548 151.1 149.6 8.6 1.1 0.6 1.7 -1.0

Pharmaceutical products

30

2.562 116.7 117.1 3.6 0.6 0.6 -0.1 0.3

Tanning or dyeing extracts, dyes, paints, varnish, putty, & inks

32

0.554 115.8 115.8 2.4 1.3 0.2 -1.0 0.0

Essential oils and resinoids; perfumery cosmetic or toilet preparations

33

0.660 118.1 118.7 2.1 1.1 0.1 -0.2 0.5

Soap; lubricants; waxes, polishing or scouring products; candles, pastes

34

0.392 112.2 112.5 2.1 1.0 0.9 -0.7 0.3

Miscellaneous chemical products

38

1.623 122.8 123.5 3.8 0.8 0.7 1.2 0.6

Plastics and articles thereof; rubber and articles thereof

VII

5.274 136.9 137.6 6.9 0.4 0.9 1.0 0.5

Plastics and articles thereof

39

4.293 133.2 133.7 7.3 0.3 1.2 1.1 0.4

Rubber and articles thereof

40

0.981 152.4 153.5 5.3 0.6 0.1 0.5 0.7

Raw hides, skins, leather, furskins, travel goods, etc.

VIII

0.408 117.7 117.0 -6.7 -0.5 -0.4 0.3 -0.6

Wood, wood charcoal, cork, straw, basketware and wickerwork

IX

0.644 110.7 112.5 0.8 -1.4 -0.5 0.1 1.6

Woodpulp, recovered paper, and paper products

X

2.551 115.8 117.0 6.6 0.9 0.5 0.6 1.0

Woodpulp and recovered paper

47

0.700 124.9 127.8 11.0 1.5 0.5 1.4 2.3

Paper and paperboard; articles of paper pulp, paper or paperboard

48

1.315 111.1 112.2 4.6 0.4 0.6 0.7 1.0

Printed material

49

0.536 120.7 120.4 6.5 1.5 0.2 -0.8 -0.2

Textile and textile articles

XI

2.230 106.0 106.7 4.3 0.1 -0.1 0.7 0.7

Cotton, including yarns and woven fabrics thereof

52

0.688 105.5 107.3 14.4 0.0 -0.3 2.0 1.7

Stone, plaster, cement, asbestos, ceramics, glass etc.

XIII

0.809 111.4 111.4 3.4 0.2 0.3 0.3 0.0

Glass and glassware

70

0.437 99.4 99.3 3.5 -0.1 0.1 0.1 -0.1

Pearls, stones, precious metals, imitation jewelry, and coins

XIV

3.781 169.8 179.9 7.7 3.2 0.9 -1.0 5.9

Base metals and articles of base metals

XV

5.621 164.0 168.5 6.0 0.2 0.0 1.1 2.7

Iron and steel

72

1.409 204.2 215.6 18.1 1.0 0.7 4.5 5.6

Articles of iron or steel

73

1.395 148.6 149.4 4.8 -0.2 -0.1 0.9 0.5

Copper and articles thereof

74

0.633 229.7 247.0 9.3 -3.9 -2.5 -1.7 7.5

Aluminum and articles thereof

76

0.956 138.7 140.2 -5.4 1.1 1.2 -1.7 1.1

Tools, implements, cutlery, spoons and forks, of base metal; parts thereof

82

0.389 118.3 118.3 3.9 0.0 -0.1 2.4 0.0

Miscellaneous articles of base metal

83

0.372 128.8 129.6 3.0 0.1 -0.2 0.2 0.6

Machinery, electrical equipment, TV image and sound recorders, parts, etc.

XVI

30.968 95.0 95.3 1.4 0.1 0.3 0.2 0.3

Machinery and mechanical appliances; parts thereof

84

17.173 103.3 103.5 1.0 0.1 0.1 0.2 0.2

Electrical machinery and equipment and parts and accessories thereof

85

13.795 85.9 86.3 1.9 0.4 0.5 0.2 0.5

Vehicles, aircraft, vessels and associated transport equipment

XVII

14.067 115.3 115.5 2.0 0.1 0.3 0.3 0.2

Motor vehicles and their parts

87

8.343 106.2 106.2 0.8 0.0 0.1 0.1 0.0

Optical, photo, measuring, medical & musical instruments; & timepieces

XVIII

6.101 105.6 105.8 2.5 0.4 0.4 0.2 0.2

Miscellaneous manufactured articles

XX

1.448 107.7 107.6 4.9 0.6 0.5 0.9 -0.1

Furniture; stuffed furnishings; lamps and lighting fittings nesoi;

94

0.777 116.9 116.7 3.7 0.8 0.6 1.9 -0.2

Toys, games and sports equipment; parts and accessories thereof

95

0.516 92.7 92.7 7.7 0.5 0.4 -0.3 0.0

Footnotes
(1) Relative importance figures are based on 2006 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available


Table 7. U.S. import price indexes and percent changes by locality of origin: February 2007 to February 2008 2000=100, unless otherwise noted
Description Percent
of
U.S.
imports(1)
Index Percent change
Jan.
2008
Feb.
2008
Annual Monthly
Feb.
2007
to
Feb.
2008
Oct.
2007
to
Nov.
2007
Nov.
2007
to
Dec.
2007
Dec.
2007
to
Jan.
2008
Jan.
2008
to
Feb.
2008

Industrialized Countries(2)

42.888 126.5 127.2 9.3 2.4 -0.2 2.2 0.6

Nonmanufactured articles

4.201 245.1 253.4 44.0 13.0 0.7 7.5 3.4

Manufactured articles

38.251 117.4 117.6 5.4 1.1 -0.3 1.3 0.2

Other Countries(3)

57.112 129.8 129.5 16.6 3.6 -0.5 1.9 -0.2

Nonmanufactured articles

12.058 290.9 291.0 58.1 10.6 -1.2 4.1 0.0

Manufactured articles

44.837 107.0 106.6 5.6 1.1 -0.2 1.1 -0.4

Canada

16.032 145.6 145.8 13.7 5.0 -1.0 2.4 0.1

Nonmanufactured articles

3.711 238.4 247.0 38.7 13.4 -1.1 7.3 3.6

Manufactured articles

12.028 128.2 126.7 6.3 2.7 -0.9 0.5 -1.2

European Union(4)

17.355 126.1 126.8 5.0 0.6 0.7 1.6 0.6

Nonmanufactured articles

0.249 306.2 307.4 59.6 6.9 7.8 0.5 0.4

Manufactured articles

16.987 123.0 123.7 3.8 0.2 0.6 1.6 0.6

France (Dec. 2003=100)

1.844 112.5 113.4 5.4 0.3 0.6 1.3 0.8

Germany (Dec. 2003=100)

4.732 110.6 110.9 4.5 0.5 0.6 1.2 0.3

United Kingdom (Dec. 2003=100)

2.684 127.9 130.5 12.3 1.5 1.4 1.1 2.0

Latin America(5)

18.032 166.6 166.1 23.3 4.5 -0.6 3.0 -0.3

Nonmanufactured articles

5.151 305.4 302.8 57.2 10.4 -0.5 4.9 -0.9

Manufactured articles

12.786 136.8 136.9 9.7 1.4 -0.6 1.9 0.1

Mexico (Dec. 2003=100)

10.710 141.2 139.5 17.3 2.7 0.7 2.5 -1.2

Pacific Rim (Dec. 2003=100)(6)

33.822 100.3 100.5 2.3 0.4 0.0 0.4 0.2

China (Dec. 2003=100)

15.926 100.4 100.5 3.4 0.2 0.1 0.8 0.1

Japan

8.032 94.2 94.5 0.7 -0.1 0.3 0.0 0.3

Asian NICs(7)

5.887 89.1 89.3 0.7 1.1 -0.8 0.2 0.2

ASEAN (Dec. 2003=100)(8)

6.041 99.6 100.1 3.2 1.0 0.4 0.9 0.5

Asia Near East (Dec. 2003=100)(9)

3.928 228.2 227.1 37.7 6.8 -2.8 0.2 -0.5

Footnotes
(1) Percentage of trade figures are based on 2006 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.
Dash = Not available


Table 8. U.S. international price indexes and percent changes for selected transportation services: February 2007 to February 2008 2000=100, unless otherwise noted
Description Relative
import-
ance
Jan.
2008(1)
Index Percent change
Jan.
2008
Feb.
2008
Annual Monthly
Feb.
2007
to
Feb.
2008
Oct.
2007
to
Nov.
2007
Nov.
2007
to
Dec.
2007
Dec.
2007
to
Jan.
2008
Jan.
2008
to
Feb.
2008

Air Freight

Import Air Freight

100.000 141.7 142.6 9.0 2.1 2.6 -0.1 0.6

Europe (Dec. 2003=100)

28.770 148.6 149.1 15.5 4.0 3.6 0.3 0.3

Asia

61.077 120.7 121.7 6.8 1.5 2.3 -0.2 0.8

Export Air Freight

100.000 132.1 132.2 13.0 1.0 3.8 3.0 0.1

Europe (Dec. 2006=100)

42.139 123.2 123.2 21.7 1.7 3.8 8.3 0.0

Inbound Air Freight

100.000 138.7 139.3 10.0 2.3 3.0 0.4 0.4

Europe (Dec. 2003=100)

30.933 145.3 145.6 16.4 4.4 3.6 1.0 0.2

Asia

57.120 116.3 117.0 7.2 1.3 2.9 0.2 0.6

Outbound Air Freight

100.000 126.7 126.8 12.8 1.8 2.7 1.9 0.1

Europe (Dec. 2003=100)

41.837 144.9 144.8 14.3 2.7 2.8 2.5 -0.1

Asia

40.513 112.6 112.8 9.5 1.2 2.6 1.6 0.2

Air Passenger Fares

Import Air Passenger Fares

100.000 132.4 131.0 6.7 -3.2 5.5 -2.1 -1.1

Europe

41.000 124.6 124.1 5.2 -7.8 1.5 0.4 -0.4

Asia

25.806 118.5 116.6 3.2 -0.9 16.0 -11.2 -1.6

Latin America/Caribbean

13.217 127.6 128.4 3.8 2.4 1.0 -0.5 0.6

Export Air Passenger Fares

100.000 162.9 151.3 8.8 -1.2 2.6 4.6 -7.1

Europe

27.637 181.6 172.6 6.2 -5.5 3.5 -0.5 -5.0

Asia

35.010 138.5 126.0 14.0 -2.5 6.3 9.6 -9.0

Latin America/Caribbean

21.936 180.1 165.4 -0.4 1.6 -0.8 6.0 -8.2

Footnotes
(1) Relative importance figures for Air Passenger Fares Indexes are based on 2006 trade values, while the relative importance figures for the Air Freight Indexes are based on 2005 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available



                                          TECHNICAL NOTE

Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres 
formula and are not seasonally adjusted.  Price indexes for merchandise goods are reweighted annually, 
with a two-year lag in the weights.  Published series use a base year of 2000=100 where possible.  More 
detailed index series and additional information may be obtained at http://www.bls.gov/mxp, or by 
calling (202) 691-7101.

Merchandise Goods Classification Systems -- The merchandise price indexes are published using 
three classification systems.  Items are classified by end use according to the Bureau of Economic 
Analysis Classification System, by industry according to the North American Industry Classification 
System (NAICS), and by product category according to the Harmonized System (HS).  While 
classification by end use and product category are self-explanatory, some notes are in order for 
classifying items by industry.  In the NAICS imports and exports tables, items are classified by output 
industry, not input industry.  As an example, NAICS import index 326 (plastics and rubber products 
manufacturing) 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 (Producer Price 
Index) 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 -- The Import Air Passenger Fares Indexes are calculated from data obtained 
from a commercial airline reservation system.  These data exclude frequent flyer tickets and those sold 
by consolidators.  The Export Air Passenger Fares Indexes are calculated from data collected directly 
from airlines.  These data include frequent flyer tickets and those sold by consolidators.  Taxes and fees 
are excluded from both the Import and Export Air Passenger Fares Indexes.  The Air Freight Indexes are 
calculated from data collected directly from companies.  These data exclude mail and passenger 
baggage.  The scope of the service being priced is the movement of freight from airport to airport only, 
and does not include any ground transportation or port service.  The Air Freight Indexes 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.).  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 to compute price elasticities, and the merchandise import 
indexes by country or region of origin are useful in terms of trade analysis.

E-Mail Subscription -- The IPP news release is 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.



Last Modified Date: March 13, 2008
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