Economic News Release

U.S. Import and Export Price Indexes News Release


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

   The U.S. Import Price Index rose 2.3 percent in May, the Bureau of Labor Statistics of the U.S. 
Department of Labor reported today, following advances of 2.4 percent in April and 3.0 percent in 
March.  Rising prices for both petroleum and nonpetroleum imports factored into the increases.  The 
price index for overall exports advanced 0.3 percent in May after rising 0.5 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

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

3.2 12.4 0.7 0.9 1.4 0.9

December

-0.2 -1.8 0.4 0.5 2.6 0.3

2008

January

1.5 4.2 0.7 1.2 4.8 0.8

February

0.2 (r)-1.3 0.6 (r)0.9 (r)4.6 0.6

March

(r)3.0 (r)9.8 (r)1.2 (r)1.6 (r)4.4 1.3

April

(r)2.4 (r)5.9 (r)1.3 (r)0.5 (r)-2.1 (r)0.7

May

2.3 7.8 0.5 0.3 0.3 0.4

May 2006 to 2007

1.2 -4.5 2.9 4.6 18.1 3.6

May 2007 to 2008

17.8 68.8 6.6 8.0 33.3 5.7

Footnotes
(r) Revised


Import Goods
   
   May import prices rose 2.3 percent and were up 7.9 percent between February and May, the 
largest three-month jump for the index since October 1990.  Import prices advanced 17.8 percent over 
the past year, which was the largest year-over-year rise since the index was first published in September 
1982.  Higher petroleum prices continued to be a major contributor to the advance in overall import 
prices, increasing 7.8 percent in May after rising 5.9 percent and 9.8 percent, respectively, in the prior 
two months.  Petroleum prices rose 68.8 percent for the year ended in May, the largest 12-month 
advance since the index was up 82.5 percent between February 2002 and February 2003.  Nonpetroleum 
prices also increased in May, although the 0.5 percent advance was modest compared to the 1.3 percent 
increase in April and the 1.2 percent rise in March.  The index was up 6.6 percent over the past year.         
   
   A 1.8 percent advance in the price index for nonpetroleum industrial supplies and materials led 
the May increase in nonpetroleum prices.  The May rise in nonpetroleum industrial supplies and 
materials prices followed a 3.4 percent advance in April and the index rose 17.0 percent over the 
previous 12 months.  Higher prices for natural gas, steelmaking materials, and iron and steel products 
were the largest contributors to the May advance.        

   Rising prices for capital goods, consumer goods, and foods, feeds, and beverages also factored 
into the rise in nonpetroleum prices.  Capital goods prices increased 0.3 percent in May after rising 0.9 
percent the previous month.  Consumer goods prices advanced 0.2 percent for the month and followed a 
0.7 percent increase in April.  The price index for foods, feeds, and beverages rose 1.0 percent in May, 
led by higher prices for meats and grains.   
   
   Prices for import automotive vehicles were unchanged in May following a 0.4 percent increase 
the previous month.  
 

Export Goods 

   Export prices continued to trend up in May, although the 0.3 percent increase was the smallest 
monthly advance since September 2007.  The index advanced 8.0 percent over the past year.  The price 
indexes for nonagricultural exports and agricultural exports each contributed to the overall increase in 
May export prices, moving up 0.4 percent and 0.3 percent, respectively.  The increase in agricultural 
prices followed a 2.1 percent downturn in April and was driven by higher prices for soybeans, 
vegetables, and meat which more than offset a 16.7 percent decline in wheat prices.  Agricultural prices 
rose 33.3 percent over the May 2007-2008 period.  Nonagricultural prices also increased over the past 12 
months, rising 5.7 percent.   
   
   The May advance in nonagricultural prices was led by a rise in prices for nonagricultural 
industrial supplies and materials which increased 1.1 percent in May after advancing 1.5 percent in 
April.  The increase was primarily driven by rising fuel prices, although higher prices for chemicals and 
some metals also contributed to the advance.    
   
   Each of the major finished goods price indexes either recorded modest increases in May or were 
unchanged.  Prices for automotive vehicles and consumer goods prices both rose 0.1 percent in May 
after increasing 0.4 percent and 0.2 percent, respectively, the previous month.  The price index for export 
capital goods was unchanged in May following a 0.4 percent advance the previous month.    

Imports by Locality of Origin 
	
   Rising petroleum prices in May led to higher prices for imports from Canada, the European 
Union, and Mexico.  Each index also recorded the largest annual increase since first being published in 
December 1990 for Canada and the European Union, and December 2003 for Mexico.  Import prices 
from Canada increased 3.1 percent in May and 21.2 percent over the past year.  Prices of imports from 
the European Union rose 0.8 percent for the month and 9.4 percent for the year ended in May.  The price 
index for imports from Mexico advanced 1.7 percent in May and 19.5 percent over the past 12 months.  
   
   Prices of imports from China continued to trend up in May, rising 0.6 percent for the month.  
Import prices from China also increased for the May 2007-2008 period, advancing 4.6 percent, the 
largest 12-month increase for the index since first being published in December 2003. 
    
   The price index of imports from Japan recorded no change in May after rising 0.3 percent the 
previous month.
   
   
Import and Export Services

   Led by higher Asian and Latin American-Caribbean fares, import air passenger fares increased 
1.3 percent in May following a 9.1 percent rise in April.  Overall import air passenger fares moved up 
13.7 percent for the year ended in May.  Export air passenger fares increased 1.7 percent in May, driven 
by rising European and Asian fares.  The index had declined 1.5 percent in April and rose 4.8 percent 
over the past 12 months.
	
   The price indexes for import air freight and export air freight each advanced 2.1 percent in May 
after increasing 4.2 percent and 2.4 percent, respectively, in April.  Both rises were primarily led by 
higher European air freight prices.  The price index of import air freight increased 15.9 percent over the 
past year while export air freight prices advanced 17.4 percent over the same period.
    

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 June are scheduled for release on July 11 at 
8:30 A.M. (EDT)

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

All commodities

100.000 136.6 139.7 17.8 0.2 3.0 2.4 2.3

All imports excluding petroleum

76.224 113.2 113.8 6.6 0.6 1.2 1.3 0.5

All imports excluding fuels (Dec. 2001=100)

73.985 115.3 115.9 6.1 0.5 1.0 1.2 0.5

Foods, feeds, & beverages

0

4.295 143.7 145.1 13.9 -0.2 2.9 1.3 1.0

Agricultural foods, feeds & beverages, excluding distilled beverages

00

3.331 159.9 162.5 16.8 -0.3 3.1 1.7 1.6

Nonagricultural foods (fish, distilled beverages)

01

0.964 107.2 105.9 4.6 0.1 2.3 0.4 -1.2

Industrial supplies & materials

1

41.353 245.4 258.3 43.1 0.4 6.9 4.8 5.3

Industrial supplies & materials excluding petroleum

17.577 165.0 167.9 17.0 2.6 3.4 3.4 1.8

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

15.338 172.4 174.8 16.1 2.0 3.1 3.3 1.4

Industrial supplies & materials, durable

10.219 166.4 169.6 15.4 2.1 4.4 4.5 1.9

Industrial supplies & materials nondurable excluding petroleum

5.118 162.2 164.9 19.2 3.2 2.1 1.8 1.7

Fuels & lubricants

10

26.016 346.8 372.9 63.4 -0.6 9.4 5.7 7.5

Petroleum & petroleum products

100

23.777 366.7 395.4 68.8 -1.3 9.8 5.9 7.8

Crude

10000

17.743 383.8 411.6 76.9 1.0 9.8 5.6 7.2

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

101

1.960 228.7 240.0 33.9 7.7 6.4 6.4 4.9

Gas-natural

10110

1.807 226.6 238.8 35.8 8.7 6.9 6.9 5.4

Paper & paper base stocks

11

0.722 116.3 117.2 6.0 0.8 0.6 1.9 0.8

Materials associated with nondurable supplies & materials

12

4.464 148.6 149.1 19.2 2.1 0.8 0.5 0.3

Selected building materials

13

1.643 114.3 116.1 4.4 -1.8 0.3 0.2 1.6

Unfinished metals related to durable goods

14

5.152 261.1 266.5 22.8 4.3 7.8 7.8 2.1

Finished metals related to durable goods

15

1.869 150.5 153.9 15.6 2.0 3.8 3.2 2.3

Nonmetals related to durable goods

16

1.488 106.1 107.2 5.4 0.5 -0.7 0.9 1.0

Capital goods

2

20.166 93.0 93.3 2.4 0.1 0.2 0.9 0.3

Electric generating equipment

20

2.606 111.7 111.9 6.4 0.9 0.6 2.1 0.2

Nonelectrical machinery

21

16.009 88.1 88.3 1.5 0.0 0.1 0.7 0.2

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

22

1.551 117.4 117.6 6.0 0.1 0.1 1.7 0.2

Automotive vehicles, parts & engines

3

12.525 107.8 107.8 3.1 0.1 0.2 0.4 0.0

Consumer goods, excluding automotives

4

21.661 104.7 104.9 3.6 0.4 0.5 0.7 0.2

Nondurables, manufactured

40

9.995 107.8 107.9 3.5 0.3 0.7 0.3 0.1

Durables, manufactured

41

10.599 101.4 101.7 3.7 0.4 0.4 1.0 0.3

Nonmanufactured consumer goods

42

1.067 105.6 105.9 3.4 0.1 0.2 1.2 0.3

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: May 2007 to May 2008 2000=100, unless otherwise noted
Description End
Use
Relative
import-
ance
Apr.
2008(1)
Index Percent change
Apr.
2008
May
2008
Annual Monthly
May
2007
to
May
2008
Jan.
2008
to
Feb.
2008
Feb.
2008
to
Mar.
2008
Mar.
2008
to
Apr.
2008
Apr.
2008
to
May
2008

All commodities

100.000 124.3 124.7 8.0 0.9 1.6 0.5 0.3

Agricultural commodities

9.968 189.8 190.3 33.3 4.6 4.4 -2.1 0.3

Nonagricultural commodities

90.032 119.6 120.1 5.7 0.6 1.3 0.7 0.4

Foods, feeds, & beverages

0

9.077 192.0 192.6 32.7 4.5 4.1 -2.2 0.3

Agricultural foods, feeds & beverages, excluding distilled beverages

00

8.394 197.4 198.2 34.8 4.8 4.2 -2.3 0.4

Nonagricultural foods (fish, distilled beverages)

01

0.683 146.2 144.8 11.6 1.9 2.5 -1.4 -1.0

Industrial supplies & materials

1

31.075 167.8 169.5 14.3 1.3 4.0 1.4 1.0

Industrial supplies & materials, durable

12.058 174.4 173.8 8.1 3.5 4.4 0.9 -0.3

Industrial supplies & materials, nondurable

19.016 164.7 167.7 18.4 -0.1 3.7 1.7 1.8

Agricultural industrial supplies & materials

10

1.574 158.0 157.0 25.5 3.2 5.8 -0.8 -0.6

Nonagricultural industrial supplies & materials

29.501 168.6 170.4 13.8 1.2 3.9 1.5 1.1

Fuels & lubricants

11

5.172 259.4 275.0 38.1 -2.8 10.6 4.0 6.0

Nonagricultural supplies & materials excluding fuels & building materials

12

23.326 160.0 160.0 9.8 2.1 2.7 1.1 0.0

Selected building materials

13

1.003 114.0 113.7 0.4 0.4 0.3 -0.1 -0.3

Capital goods

2

38.590 101.6 101.6 2.1 0.4 -0.1 0.4 0.0

Electrical generating equipment

20

3.675 109.1 109.3 2.7 0.6 0.3 0.5 0.2

Nonelectrical machinery

21

27.279 94.0 93.9 1.1 0.2 -0.2 0.3 -0.1

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

22

7.636 128.7 129.4 6.2 0.6 0.3 0.5 0.5

Automotive vehicles, parts & engines

3

9.525 107.5 107.6 1.5 0.1 0.1 0.4 0.1

Consumer goods, excluding automotives

4

11.733 107.8 107.9 2.1 0.1 0.2 0.2 0.1

Nondurables, manufactured

40

5.514 109.4 109.6 3.0 0.1 0.3 0.8 0.2

Durables, manufactured

41

5.227 105.0 104.9 0.9 0.3 -0.1 -0.4 -0.1

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: May 2007 to May 2008 December 2005=100, unless otherwise noted
Description NAICS Relative
import-
ance
Apr.
2008(1)
Index Percent change
Apr.
2008
May
2008
Annual Monthly
May
2007
to
May
2008
Jan.
2008
to
Feb.
2008
Feb.
2008
to
Mar.
2008
Mar.
2008
to
Apr.
2008
Apr.
2008
to
May
2008

Nonmanufactured articles

22.152 170.4 181.4 64.5 1.1 8.7 5.6 6.5

Agriculture, forestry, fishing and hunting

11

1.597 133.8 134.6 18.0 -3.3 6.2 0.8 0.6

Crop production

111

1.141 137.6 138.0 22.3 -5.6 7.3 0.4 0.3

Mining

21

20.555 173.9 185.9 69.0 1.5 8.9 6.0 6.9

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

212

0.376 123.6 123.4 20.9 -0.4 1.1 12.4 -0.2

Manufactured articles

77.193 112.7 113.9 8.3 0.1 1.6 1.3 1.1

Manufactured goods, part 1

31

9.308 108.4 108.8 5.3 0.5 0.7 0.5 0.4

Food manufacturing

311

2.339 125.0 127.1 16.1 1.7 2.6 1.0 1.7

Beverage and tobacco product manufacturing

312

0.768 105.2 105.6 2.8 -0.2 -0.3 0.6 0.4

Textile mills

313

0.417 111.8 112.9 6.7 1.0 -0.9 1.4 1.0

Textile product mills

314

0.707 102.3 102.4 1.9 0.3 0.3 0.7 0.1

Apparel manufacturing

315

3.735 102.4 102.0 1.1 0.0 0.0 0.1 -0.4

Leather and allied product manufacturing

316

1.342 104.4 104.7 3.1 0.3 0.1 0.5 0.3

Manufactured goods, part 2

32

17.564 125.5 129.7 20.1 -1.7 3.6 1.7 3.3

Wood product manufacturing

321

1.013 90.8 93.2 3.8 -2.9 0.4 0.2 2.6

Paper manufacturing

322

1.210 110.7 111.3 7.5 0.8 0.3 1.9 0.5

Petroleum and coal products manufacturing

324

4.873 158.9 175.0 51.8 -9.0 12.4 5.9 10.1

Chemical manufacturing

325

7.772 122.8 123.4 12.5 1.8 1.1 -0.2 0.5

Plastics and rubber products manufacturing

326

1.574 109.5 110.5 7.0 0.4 0.5 0.7 0.9

Nonmetallic mineral product manufacturing

327

1.031 110.8 111.9 6.2 0.9 0.1 -0.1 1.0

Manufactured goods, part 3

33

50.321 109.4 109.8 5.0 0.7 1.1 1.4 0.4

Primary metal manufacturing

331

5.970 177.8 181.1 20.8 4.9 8.4 5.6 1.9

Fabricated metal product manufacturing

332

2.441 116.4 117.4 8.8 0.4 0.6 1.3 0.9

Machinery manufacturing

333

6.297 110.4 110.7 5.4 0.6 0.5 1.6 0.3

Computer and electronic product manufacturing

334

13.139 93.9 94.0 -0.9 -0.3 -0.1 0.4 0.1

Electrical equipment, appliance, and component manufacturing

335

3.506 112.1 112.5 6.2 0.6 0.5 1.9 0.4

Transportation equipment manufacturing

336

13.229 104.6 104.6 3.5 0.1 0.2 0.5 0.0

Furniture and related product manufacturing

337

1.392 108.5 109.0 7.8 0.3 1.8 2.5 0.5

Miscellaneous manufacturing

339

4.347 110.4 110.4 4.2 0.7 0.5 0.8 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 4. U.S. export price indexes and percent changes for selected categories of goods: May 2007 to May 2008 December 2005=100, unless otherwise noted
Description NAICS Relative
import-
ance
Apr.
2008(1)
Index Percent change
Apr.
2008
May
2008
Annual Monthly
May
2007
to
May
2008
Jan.
2008
to
Feb.
2008
Feb.
2008
to
Mar.
2008
Mar.
2008
to
Apr.
2008
Apr.
2008
to
May
2008

Nonmanufactured articles

7.357 157.5 156.9 37.6 5.2 4.9 -4.1 -0.4

Agriculture, forestry, fishing and hunting

11

5.943 179.2 176.1 46.8 6.3 5.0 -5.1 -1.7

Crop production

111

5.597 187.1 183.8 51.7 6.7 5.3 -5.2 -1.8

Mining

21

1.414 108.7 114.2 13.5 0.6 4.0 0.6 5.1

Mining (except oil and gas)

212

0.866 99.7 101.1 1.3 1.6 1.5 -2.4 1.4

Manufactured articles

89.582 111.4 112.0 6.4 0.5 1.1 0.8 0.5

Manufactured goods, part 1

31

6.705 121.2 123.0 13.3 1.3 2.0 1.4 1.5

Food manufacturing

311

4.410 135.4 138.4 20.7 2.1 2.9 1.9 2.2

Beverage and tobacco product manufacturing

312

0.491 106.6 106.4 4.0 0.8 1.1 0.9 -0.2

Apparel manufacturing

315

0.461 101.0 101.0 0.6 0.2 -0.1 0.0 0.0

Manufactured goods, part 2

32

22.991 122.0 123.7 13.1 -0.2 2.5 1.6 1.4

Wood product manufacturing

321

0.511 111.3 111.8 2.2 1.5 0.3 -1.2 0.4

Paper manufacturing

322

1.903 115.0 114.8 5.1 0.2 0.1 1.1 -0.2

Petroleum and coal products manufacturing

324

3.562 170.2 181.2 48.9 -4.4 14.2 4.7 6.5

Chemical manufacturing

325

14.028 118.7 119.5 9.9 0.5 0.9 1.2 0.7

Plastics and rubber products manufacturing

326

2.100 107.9 108.0 4.2 0.6 0.7 0.5 0.1

Nonmetallic mineral product manufacturing

327

0.801 109.0 108.9 1.7 0.2 0.1 -0.1 -0.1

Manufactured goods, part 3

33

59.886 106.7 106.8 3.2 0.6 0.5 0.6 0.1

Primary metal manufacturing

331

4.933 151.9 152.1 20.0 5.2 7.0 3.0 0.1

Fabricated metal product manufacturing

332

2.634 115.0 115.3 2.4 0.3 0.1 0.3 0.3

Machinery manufacturing

333

11.708 109.1 109.3 4.2 0.7 0.4 0.8 0.2

Computer and electronic product manufacturing

334

16.343 95.7 95.4 -1.1 0.0 -0.5 0.0 -0.3

Electrical equipment, appliance, and component manufacturing

335

3.549 106.9 107.1 3.1 0.4 0.3 0.0 0.2

Transportation equipment manufacturing

336

16.118 106.5 106.7 2.7 0.2 0.1 0.4 0.2

Miscellaneous manufacturing

339

4.269 106.2 106.6 3.0 -0.1 0.2 0.2 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 5. U.S. import price indexes and percent changes for selected categories of goods: May 2007 to May 2008 2000=100, unless otherwise noted
Description Harmo-
nized
system
Relative
import-
ance
Apr.
2008(1)
Index Percent change
Apr.
2008
May
2008
Annual Monthly
May
2007
to
May
2008
Jan.
2008
to
Feb.
2008
Feb.
2008
to
Mar.
2008
Mar.
2008
to
Apr.
2008
Apr.
2008
to
May
2008

Live animals; animal products

I

1.060 135.4 139.7 10.5 2.3 2.1 3.1 3.2

Meat and edible meat offal

02

0.234 153.3 160.1 9.7 1.3 1.7 0.7 4.4

Fish and crustaceans, molluscs and other aquatic invertebrates

03

0.530 105.5 104.3 3.7 0.2 3.4 1.8 -1.1

Vegetable products

II

1.292 156.3 157.0 21.2 -4.9 3.8 3.4 0.4

Edible vegetables, roots, and tubers

07

0.339 224.5 208.2 10.0 -22.9 4.4 5.4 -7.3

Edible fruit and nuts; peel of citrus fruit or melons

08

0.379 106.2 107.0 20.6 5.0 -1.8 11.8 0.8

Coffee, tea, mate and spices

09

0.245 167.1 166.4 23.1 0.8 9.6 -4.1 -0.4

Prepared foodstuffs, beverages, and tobacco

IV

2.069 136.1 137.2 11.1 0.5 1.6 0.7 0.8

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

19

0.170 107.0 107.8 - 1.6 2.7 1.8 0.7

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

20

0.228 141.8 142.4 16.5 2.1 1.4 0.9 0.4

Beverages, spirits, and vinegar

22

0.758 117.2 117.3 5.1 -0.3 -0.4 1.6 0.1

Mineral products

V

25.734 343.4 368.6 64.3 -0.5 9.3 6.1 7.3

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

25

0.199 102.6 102.5 - 1.8 0.6 -0.2 -0.1

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

27

25.123 344.2 370.2 65.3 -0.6 9.5 5.8 7.6

Products of the chemical or allied industries

VI

7.077 137.0 137.6 11.5 1.9 1.5 -0.3 0.4

Inorganic chemicals

28

0.944 258.0 255.9 18.2 7.1 3.0 -1.6 -0.8

Organic chemicals

29

2.322 131.0 131.2 7.2 0.5 1.4 -2.5 0.2

Pharmaceutical products

30

2.150 113.3 114.1 6.3 -0.1 0.8 1.0 0.7

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

32

0.152 103.8 104.7 3.2 0.3 0.3 0.4 0.9

Essential oils and resinoids (Dec. 2001=100)

33

0.384 123.8 124.4 9.4 3.3 0.9 1.4 0.5

Miscellaneous chemical products

38

0.387 99.5 101.4 5.1 1.0 0.8 0.2 1.9

Plastics and articles thereof; rubber and articles thereof

VII

2.691 130.9 131.9 8.5 0.7 0.2 1.2 0.8

Plastics and articles thereof

39

1.781 128.7 129.2 9.0 0.6 -0.1 1.7 0.4

Rubber and articles thereof

40

0.910 135.3 137.3 7.5 0.8 0.9 0.5 1.5

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

VIII

0.546 112.1 111.9 4.9 0.3 0.1 0.7 -0.2

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

42

0.502 112.7 112.3 5.1 0.1 0.2 0.8 -0.4

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

IX

1.050 111.4 114.1 3.0 -3.0 0.5 0.2 2.4

Woodpulp, recovered paper, and paper products

X

1.358 115.0 115.6 7.2 0.7 0.1 1.6 0.5

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

48

0.935 110.7 111.5 7.3 0.7 0.0 2.4 0.7

Printed matter

49

0.238 118.5 118.5 2.8 0.0 0.1 -0.1 0.0

Textile and textile articles

XI

4.705 103.8 103.5 1.5 0.1 0.2 0.2 -0.3

Articles of apparel and clothing accessories, knitted or crocheted

61

1.694 100.4 100.5 0.1 -0.2 0.0 -0.4 0.1

Articles of apparel and clothing accessories, not knitted or crocheted

62

1.866 103.1 102.2 1.1 0.0 0.1 0.3 -0.9

Made-up or worn textile articles

63

0.480 96.0 96.1 2.3 0.2 1.9 0.7 0.1

Headgear, umbrellas, artifical flowers, etc.

XII

1.118 104.9 105.3 3.5 0.3 0.1 0.4 0.4

Footwear and parts of such articles

64

0.934 103.5 104.1 2.6 0.3 0.1 0.4 0.6

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

XIII

0.891 115.2 115.3 4.4 0.8 0.2 0.2 0.1

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

68

0.317 107.0 107.1 4.3 0.4 0.1 0.4 0.1

Ceramic products

69

0.290 124.9 125.0 7.2 2.0 0.2 0.5 0.1

Glass and glassware

70

0.285 113.2 113.3 2.1 -0.1 0.2 -0.4 0.1

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

XIV

2.755 158.4 155.4 16.5 4.6 4.5 1.2 -1.9

Base metals and articles of base metals

XV

6.954 195.7 202.0 15.8 2.0 4.7 6.6 3.2

Iron and steel

72

2.169 272.1 292.6 46.4 3.7 6.5 12.2 7.5

Articles of iron or steel

73

1.604 148.7 152.0 18.8 1.3 2.6 2.7 2.2

Copper and articles thereof

74

0.853 324.4 333.8 9.1 5.3 8.5 5.5 2.9

Aluminum and articles thereof

76

1.013 158.2 158.5 7.2 0.7 5.8 5.7 0.2

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

82

0.340 114.1 114.2 5.7 1.0 0.3 0.6 0.1

Miscellaneous articles of base metal

83

0.419 127.5 128.1 2.7 -0.1 0.4 0.4 0.5

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

XVI

22.720 89.1 89.3 1.8 0.1 0.0 0.8 0.2

Machinery and mechanical appliances; parts thereof

84

11.705 89.6 89.7 1.8 0.0 0.1 1.0 0.1

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

85

11.015 88.8 89.0 1.9 0.1 -0.1 0.9 0.2

Vehicles, aircraft, vessels and associated transport equipment

XVII

11.548 109.3 109.2 3.3 0.1 0.1 0.5 -0.1

Motor vehicles and their parts

87

10.707 108.4 108.4 3.3 0.1 0.1 0.4 0.0

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

88

0.756 111.4 111.4 2.3 0.1 0.1 0.6 0.0

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

XVIII

2.686 101.1 101.7 2.5 -0.2 0.4 1.1 0.6

Optical, photographic, measuring and medical instruments

90

2.406 99.1 99.7 2.4 -0.3 0.3 1.1 0.6

Clocks and watches and parts thereof

91

0.210 121.0 121.4 4.7 0.4 1.4 1.0 0.3

Miscellaneous manufactured articles

XX

3.487 105.5 105.9 4.9 0.4 1.3 1.2 0.4

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

94

2.025 110.7 111.1 6.3 0.5 1.8 1.9 0.4

Toys, games and sports equipment; parts and accessories thereof

95

1.276 98.3 98.6 2.6 0.3 0.6 0.2 0.3

Miscellaneous manufactured articles

96

0.186 111.1 111.0 3.9 0.0 0.5 2.1 -0.1

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: May 2007 to May 2008 2000=100, unless otherwise noted
Description Harmo-
nized
system
Relative
import-
ance
Apr.
2008(1)
Index Percent change
Apr.
2008
May
2008
Annual Monthly
May
2007
to
May
2008
Jan.
2008
to
Feb.
2008
Feb.
2008
to
Mar.
2008
Mar.
2008
to
Apr.
2008
Apr.
2008
to
May
2008

Live animals; animal products

I

1.548 163.0 166.3 10.6 -0.3 1.9 1.7 2.0

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

02

0.844 135.8 140.9 18.1 1.1 4.7 4.2 3.8

Fish and crustaceans, molluscs and other aquatic invertebrates

03

0.431 150.7 148.8 18.1 2.9 3.2 -1.5 -1.3

Vegetable products

II

5.539 234.7 233.8 51.2 6.4 5.1 -4.2 -0.4

Edible fruit and nuts; peel of citrus fruit or melons

08

0.683 122.4 122.1 1.5 -0.7 -0.7 1.0 -0.2

Cereals

10

2.681 304.4 293.6 68.4 12.0 6.5 -2.8 -3.5

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

12

1.581 233.7 238.4 65.8 5.3 8.2 -10.9 2.0

Prepared foodstuffs, beverages,and tobacco

IV

2.352 135.1 135.2 12.2 1.4 1.3 0.4 0.1

Miscellaneous edible preparations

21

0.437 120.1 120.6 8.2 0.2 0.8 0.3 0.4

Residues and waste from the food industries; prepared animal feed

23

0.586 197.5 197.9 39.4 3.9 3.3 -0.2 0.2

Mineral products

V

5.271 315.0 333.2 37.9 -2.2 11.1 3.3 5.8

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

27

4.677 310.9 329.9 44.4 -2.7 12.1 4.0 6.1

Products of the chemical or allied industries

VI

11.612 141.5 142.2 10.0 0.7 1.0 1.3 0.5

Inorganic chemicals

28

1.144 185.9 186.6 23.1 1.7 1.8 1.0 0.4

Organic chemicals

29

3.623 158.9 159.9 9.4 1.2 2.2 1.6 0.6

Pharmaceutical products

30

2.529 118.6 119.0 4.7 0.3 0.3 1.4 0.3

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

32

0.541 116.4 116.4 2.4 0.1 0.5 -0.1 0.0

Essential oils and resinoids; perfumery cosmetic or toilet preparations

33

0.661 121.8 121.6 4.2 0.8 0.9 1.4 -0.2

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

34

0.394 116.1 117.8 6.3 2.6 0.1 0.4 1.5

Miscellaneous chemical products

38

1.599 124.5 125.4 5.1 0.2 0.2 1.3 0.7

Plastics and articles thereof; rubber and articles thereof

VII

5.171 138.3 138.9 6.2 0.1 0.4 0.6 0.4

Plastics and articles thereof

39

4.191 133.9 134.4 6.1 -0.2 0.3 0.5 0.4

Rubber and articles thereof

40

0.980 156.8 157.8 6.4 1.0 0.6 1.1 0.6

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

VIII

0.395 117.2 118.3 -4.4 -0.8 0.6 0.3 0.9

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

IX

0.627 111.1 112.3 -0.5 0.9 0.4 -1.0 1.1

Woodpulp, recovered paper, and paper products

X

2.518 117.7 116.5 6.0 0.4 0.3 0.9 -1.0

Woodpulp and recovered paper

47

0.707 129.9 126.2 14.4 2.3 1.0 0.6 -2.8

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

48

1.289 112.2 111.9 3.1 -0.4 0.0 1.3 -0.3

Printed material

49

0.522 121.1 120.7 3.8 -0.2 0.5 0.0 -0.3

Textile and textile articles

XI

2.216 108.5 107.7 6.8 0.7 2.2 -0.5 -0.7

Cotton, including yarns and woven fabrics thereof

52

0.704 111.3 108.7 20.6 1.8 6.7 -2.9 -2.3

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

XIII

0.786 111.3 111.1 1.7 0.0 0.1 -0.4 -0.2

Glass and glassware

70

0.428 100.0 100.0 2.4 -0.1 0.4 0.3 0.0

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

XIV

4.118 190.4 186.2 14.2 4.9 6.0 0.6 -2.2

Base metals and articles of base metals

XV

5.966 179.2 181.2 7.5 3.1 4.0 1.9 1.1

Iron and steel

72

1.557 232.5 242.3 17.8 7.1 6.0 0.3 4.2

Articles of iron or steel

73

1.376 150.9 152.7 2.8 0.6 0.4 0.1 1.2

Copper and articles thereof

74

0.727 271.6 267.2 10.2 7.4 7.1 2.8 -1.6

Aluminum and articles thereof

76

1.040 155.5 154.6 2.6 1.1 7.1 3.5 -0.6

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

82

0.380 119.1 119.1 3.9 -0.1 0.4 0.8 0.0

Miscellaneous articles of base metal

83

0.359 128.2 128.9 1.3 0.5 -1.1 0.1 0.5

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

XVI

30.190 95.3 95.2 1.0 0.2 -0.1 0.1 -0.1

Machinery and mechanical appliances; parts thereof

84

16.777 103.9 103.9 1.3 0.1 0.0 0.3 0.0

Electrical machinery and equipment and parts and accessories thereof

85

13.413 86.0 85.7 0.5 0.5 -0.3 0.0 -0.3

Vehicles, aircraft, vessels and associated transport equipment

XVII

13.732 115.9 116.2 2.4 0.1 0.1 0.3 0.3

Motor vehicles and their parts

87

8.132 106.6 106.7 1.0 0.0 0.1 0.4 0.1

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

XVIII

5.977 106.5 106.7 3.3 0.2 0.2 0.4 0.2

Miscellaneous manufactured articles

XX

1.417 108.5 109.2 4.4 -0.3 0.2 0.9 0.6

Furniture; stuffed furnishings; lamps and lighting fittings nesoi;

94

0.752 116.6 117.5 3.9 -0.3 0.2 -0.1 0.8

Toys, games and sports equipment; parts and accessories thereof

95

0.514 94.9 95.4 6.5 0.0 0.5 1.9 0.5

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: May 2007 to May 2008 2000=100, unless otherwise noted
Description Percent
of
U.S.
imports(1)
Index Percent change
Apr.
2008
May
2008
Annual Monthly
May
2007
to
May
2008
Jan.
2008
to
Feb.
2008
Feb.
2008
to
Mar.
2008
Mar.
2008
to
Apr.
2008
Apr.
2008
to
May
2008

Industrialized Countries(2)

42.888 134.0 136.3 14.8 0.9 2.2 2.6 1.7

Nonmanufactured articles

4.201 300.4 320.2 65.4 6.0 9.3 9.0 6.6

Manufactured articles

38.251 121.5 122.6 8.7 0.3 1.2 1.4 0.9

Other Countries(3)

57.112 136.4 140.6 20.9 -0.3 3.1 2.3 3.1

Nonmanufactured articles

12.058 331.6 352.8 67.4 -0.4 8.5 5.7 6.4

Manufactured articles

44.837 108.9 110.8 7.5 -0.4 1.1 1.0 1.7

Canada

16.032 157.0 161.8 21.2 1.5 3.1 3.9 3.1

Nonmanufactured articles

3.711 298.6 318.1 64.0 7.1 10.2 9.1 6.5

Manufactured articles

12.028 129.7 131.5 7.4 -0.5 0.4 1.5 1.4

European Union(4)

17.355 131.4 132.5 9.4 0.7 1.6 1.4 0.8

Nonmanufactured articles

0.249 325.0 342.8 54.8 -3.0 8.4 0.5 5.5

Manufactured articles

16.987 128.2 129.2 8.6 0.8 1.4 1.4 0.8

France (Dec. 2003=100)

1.844 118.4 118.8 9.0 1.4 1.1 2.5 0.3

Germany (Dec. 2003=100)

4.732 112.9 113.1 5.3 0.3 0.5 1.2 0.2

United Kingdom (Dec. 2003=100)

2.684 135.6 137.9 15.3 2.2 3.1 -0.2 1.7

Latin America(5)

18.032 178.0 183.9 27.6 -0.5 4.1 3.7 3.3

Nonmanufactured articles

5.151 340.4 359.8 66.6 -1.4 8.2 6.0 5.7

Manufactured articles

12.786 142.5 145.2 10.9 -0.1 1.8 2.3 1.9

Mexico (Dec. 2003=100)

10.710 145.5 148.0 19.5 -1.9 3.0 2.5 1.7

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

33.822 101.7 102.1 3.9 0.1 0.5 0.7 0.4

China (Dec. 2003=100)

15.926 101.6 102.2 4.6 0.0 0.7 0.4 0.6

Japan

8.032 94.9 94.9 1.1 0.4 0.0 0.3 0.0

Asian NICs(7)

5.887 90.5 90.7 2.8 0.1 0.1 1.5 0.2

ASEAN (Dec. 2003=100)(8)

6.041 101.0 102.0 6.4 0.2 0.8 0.3 1.0

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

3.928 266.6 281.6 52.6 2.6 6.8 4.1 5.6

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: May 2007 to May 2008 2000=100, unless otherwise noted
Description Relative
import-
ance
Apr.
2008(1)
Index Percent change
Apr.
2008
May
2008
Annual Monthly
May
2007
to
May
2008
Jan.
2008
to
Feb.
2008
Feb.
2008
to
Mar.
2008
Mar.
2008
to
Apr.
2008
Apr.
2008
to
May
2008

Air Freight

Import Air Freight

100.000 150.4 153.6 15.9 0.6 1.1 4.2 2.1

Europe (Dec. 2003=100)

30.050 164.7 170.9 29.4 0.4 0.4 9.6 3.8

Asia

60.339 126.6 128.6 11.9 0.8 1.8 2.2 1.6

Export Air Freight

100.000 135.2 138.0 17.4 -0.3 0.3 2.4 2.1

Europe (Dec. 2006=100)

42.424 127.0 131.7 30.5 0.0 0.2 2.8 3.7

Inbound Air Freight

100.000 145.5 147.9 15.9 0.4 0.9 3.4 1.6

Europe (Dec. 2003=100)

31.890 157.2 161.3 26.5 0.2 0.3 7.4 2.6

Asia

56.422 120.5 122.1 11.7 0.6 1.3 1.8 1.3

Outbound Air Freight

100.000 131.1 135.1 18.2 0.3 1.1 2.0 3.1

Europe (Dec. 2003=100)

41.750 149.6 153.5 19.0 -0.1 0.3 3.0 2.6

Asia

40.604 116.7 120.8 15.5 0.6 1.9 1.0 3.5

Air Passenger Fares

Import Air Passenger Fares

100.000 143.2 145.0 13.7 -1.1 0.2 9.1 1.3

Europe

44.420 146.1 146.8 12.5 -0.4 0.3 17.3 0.5

Asia

24.239 120.5 123.7 6.5 -1.6 0.3 3.0 2.7

Latin America/Caribbean

12.988 135.6 141.5 22.5 0.6 1.2 4.3 4.4

Export Air Passenger Fares

100.000 154.1 156.7 4.8 -5.6 2.4 -1.5 1.7

Europe

30.196 186.9 192.5 6.5 -4.7 1.5 5.0 3.0

Asia

34.770 129.6 132.8 8.9 -8.2 2.9 -2.7 2.5

Latin America/Caribbean

19.833 153.4 151.8 -7.4 -9.1 1.3 -1.2 -1.0

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: June 12, 2008
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