Economic News Release

U.S. Import and Export Price Indexes News Release


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Internet address:   http://www.bls.gov/mxp					  Wednesday, August 13, 2008


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

   The U.S. Import Price Index increased 1.7 percent in July, the Bureau of Labor Statistics of the 
U.S. Department of Labor reported today, after a 2.9 percent rise in June.  Both petroleum and 
nonpetroleum prices contributed to the advance, increasing 4.0 percent and 0.9 percent, respectively.  
Export prices rose 1.4 percent in July following a 1.0 percent advance 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

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 -1.3 0.6 0.9 4.6 0.6

March

3.1 10.1 1.1 1.6 4.7 1.3

April

2.8 (r)8.1 1.3 (r)0.5 -2.0 0.7

May

(r)2.8 (r)9.6 (r)0.6 (r)0.3 0.2 (r)0.4

June

(r)2.9 (r)8.9 0.9 1.0 (r)2.4 0.9

July

1.7 4.0 0.9 1.4 6.7 0.8

July 2006 to 2007

2.8 3.6 2.9 4.0 17.8 2.9

July 2007 to 2008

21.6 79.2 8.0 10.2 39.9 7.5

Footnotes
(r) Revised

 

Import Goods
   
   Import prices increased 1.7 percent in July after rising between 2.8 and 3.1 percent in each of the 
previous four months.  Prices for overall imports jumped 21.6 percent for the year ended in July, the largest 
12-month increase for the index since first publication in September 1982.  Petroleum prices continued 
to trend upward, although the 4.0 percent advance in July was comparatively smaller than the average 
monthly increases recorded between February and June when petroleum prices rose 42.1 percent overall.  
The price index for petroleum advanced 79.2 percent over the past year.  Nonpetroleum prices also 
contributed to the July increase in overall import prices, rising 0.9 percent for the second consecutive 
month.  Prices for nonpetroleum imports increased 8.0 percent over the past 12 months.    
   
   The increase in nonpetroleum prices was led by a 2.2 percent advance in the price index for 
nonpetroleum industrial supplies and materials.  Continued price hikes for natural gas, chemicals, and 
metals factored into the increase.  Import foods, feeds, and beverages prices rose 1.5 percent in July after 
a 1.7 percent increase in June.  The July advance was driven by higher prices for meat and vegetables.        

   Prices for each of the major finished goods categories also were higher in July.  The price 
indexes for consumer goods and capital goods each rose 0.3 percent.  Higher furniture prices contributed 
to the increase in consumer goods prices while the rise in capital goods prices was led by a 0.8 percent 
advance in capital goods prices excluding computers which more than offset a 0.8 percent drop in 
computer prices.  Prices for automotive vehicles ticked up 0.1 percent in July.  

 
Export Goods 

   Export prices rose 1.4 percent in July following a 1.0 percent increase in June.  Prices for exports 
advanced 10.2 percent over the July 2007-2008 period, the largest year-over-year gain since the all 
exports index was first published in September 1983.  Higher prices for agricultural prices and 
nonagricultural prices each contributed to the annual increase in overall export prices as both indexes 
recorded the largest 12-month advance since these series were first published in March 1985.  
   
   Agricultural prices rose 6.7 percent in July and 39.9 percent over the past year, and both changes 
were driven by sharp increases in corn and soybeans prices.  The July advance was the largest one-month 
rise since the agricultural exports price index was first published monthly in December 1988.  
   
   Prices for nonagricultural exports advanced 0.8 percent for the month and 7.5 percent for the year 
ended in July.  The July increase in nonagricultural prices was driven by a 2.6 percent advance in the 
price index for nonagricultural industrial supplies and materials.  Higher prices for fuels, chemicals, and 
metals all contributed to the increase.    
   
   Prices for consumer goods and automotive vehicles also advanced in July, rising 0.4 percent and 
0.1 percent, respectively, after recording little movement the past two months.  In contrast, capital goods 
prices declined 0.2 percent in July after increases in each of the previous three months.  The decrease 
was led by falling computer prices which had risen in June.  Despite the July drop, prices for capital 
goods rose 2.0 percent over the past 12 months.
   
   
   
Imports by Locality of Origin 
	
   Import prices from China rose 0.9 percent in July following a 0.6 percent increase in June.  The 
July advance matched the largest one-month gain for the index.  Prices for imports from China increased 
5.3 percent for the July 2007-2008 period, which was also the largest annual rise since the index was 
first published in December 2003.
   
   The price index for imports from Japan advanced 0.5 percent in July, the largest monthly 
increase for the index since a similar rise of 0.5 percent in December 2003.  Import price from Japan 
rose 1.8 percent over the past year, which was the largest year-over-year gain since the index was up 2.0 
percent for the August 1999-2000 period.
   
   Prices for imports from Canada, Mexico, and the European Union were also up in July, rising 1.7 
percent, 1.4 percent, and 0.7 percent, respectively.  Rising fuel prices were the primary contributor to the 
rise in each index.    
   
   
Import and Export Services

   The index for import air passenger fares advanced 4.1 percent in July after an 18.3 percent jump 
the previous month.  Import air passenger fares were up 19.5 percent for the year ended in July.  Export 
air passenger fares increased 5.4 percent in July and rose 16.7 percent over the past 12 months.

   Import air freight prices rose 0.8 percent in July and increased 18.5 percent over the past year.  
Both advances were led by a sharp rise in European air freight prices, which increased 2.6 percent in July 
and 33.3 percent for the July 2007-2008 period.  Export air freight prices advanced 1.6 percent in July 
and rose 21.6 percent over the past 12 months.  European air freight prices were the largest factor for 
those increases as well, rising 2.4 percent for the month and 37.4 percent for the year ended in July.
   
   	
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 August are scheduled for release on September 11 at 
8:30 A.M. (EDT)

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

All commodities

100.000 145.3 147.8 21.6 2.8 2.8 2.9 1.7

All imports excluding petroleum

72.676 114.8 115.8 8.0 1.3 0.6 0.9 0.9

All imports excluding fuels (Dec. 2001=100)

70.287 116.6 117.4 6.9 1.1 0.5 0.7 0.7

Foods, feeds, & beverages

0

4.141 147.5 149.7 15.7 1.3 0.9 1.7 1.5

Agricultural foods, feeds & beverages, excluding distilled beverages

00

3.230 165.0 167.5 18.5 1.6 1.6 1.7 1.5

Nonagricultural foods (fish, distilled beverages)

01

0.911 107.9 109.2 6.3 0.4 -1.3 2.0 1.2

Industrial supplies & materials

1

44.692 282.2 291.5 52.7 6.1 6.4 6.6 3.3

Industrial supplies & materials excluding petroleum

17.368 173.6 177.5 23.3 3.3 2.1 3.3 2.2

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

14.979 179.2 182.5 20.3 3.2 1.5 2.6 1.8

Industrial supplies & materials, durable

10.045 174.1 177.0 19.6 4.5 1.8 3.0 1.7

Industrial supplies & materials nondurable excluding petroleum

4.934 172.0 177.2 28.3 1.8 2.5 3.6 3.0

Fuels & lubricants

10

29.711 421.5 438.5 75.5 7.8 9.3 8.7 4.0

Petroleum & petroleum products

100

27.322 448.4 466.4 79.2 8.1 9.6 8.9 4.0

Crude

10000

20.488 471.6 487.3 85.6 8.5 9.8 8.6 3.3

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

101

2.140 265.8 280.7 69.3 6.1 7.6 8.5 5.6

Gas-natural

10110

1.997 266.5 282.0 75.5 6.7 8.2 9.1 5.8

Paper & paper base stocks

11

0.688 117.9 120.0 8.8 1.8 0.8 0.7 1.8

Materials associated with nondurable supplies & materials

12

4.309 152.6 156.3 23.5 0.6 0.6 2.0 2.4

Selected building materials

13

1.610 119.2 121.8 4.2 0.2 1.7 2.6 2.2

Unfinished metals related to durable goods

14

5.099 275.0 277.8 29.1 7.3 1.7 4.3 1.0

Finished metals related to durable goods

15

1.851 158.6 160.9 20.3 3.6 2.8 2.1 1.5

Nonmetals related to durable goods

16

1.422 107.9 111.7 9.4 1.0 1.2 0.4 3.5

Capital goods

2

18.984 93.2 93.5 2.1 0.9 0.3 -0.1 0.3

Electric generating equipment

20

2.457 112.0 113.0 6.8 2.0 0.2 0.3 0.9

Nonelectrical machinery

21

15.066 88.2 88.4 1.1 0.6 0.5 -0.2 0.2

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

22

1.461 117.7 117.9 4.1 1.9 0.1 0.1 0.2

Automotive vehicles, parts & engines

3

11.785 107.9 108.0 3.1 0.4 0.0 0.1 0.1

Consumer goods, excluding automotives

4

20.398 104.9 105.2 3.4 0.6 0.2 0.1 0.3

Nondurables, manufactured

40

9.413 108.0 108.3 3.3 0.4 0.1 0.0 0.3

Durables, manufactured

41

9.973 101.6 101.8 3.6 0.7 0.2 0.3 0.2

Nonmanufactured consumer goods

42

1.012 106.6 106.9 3.7 1.2 0.2 0.8 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: July 2007 to July 2008 2000=100, unless otherwise noted
Description End
Use
Relative
import-
ance
June
2008(1)
Index Percent change
June
2008
July
2008
Annual Monthly
July
2007
to
July
2008
Mar.
2008
to
Apr.
2008
Apr.
2008
to
May
2008
May
2008
to
June
2008
June
2008
to
July
2008

All commodities

100.000 126.1 127.9 10.2 0.5 0.3 1.0 1.4

Agricultural commodities

10.110 195.4 208.4 39.9 -2.0 0.2 2.4 6.7

Nonagricultural commodities

89.891 121.2 122.2 7.5 0.7 0.4 0.9 0.8

Foods, feeds, & beverages

0

9.232 198.2 211.7 41.9 -2.1 0.3 2.5 6.8

Agricultural foods, feeds & beverages, excluding distilled beverages

00

8.560 204.2 219.2 44.7 -2.2 0.3 2.7 7.3

Nonagricultural foods (fish, distilled beverages)

01

0.672 145.8 146.5 12.5 -1.3 -0.8 0.4 0.5

Industrial supplies & materials

1

31.611 173.3 177.8 19.7 1.5 1.0 2.2 2.6

Industrial supplies & materials, durable

11.775 172.8 175.2 12.5 1.0 -0.7 -0.2 1.4

Industrial supplies & materials, nondurable

19.837 174.3 180.2 24.2 1.7 2.1 3.6 3.4

Agricultural industrial supplies & materials

10

1.550 158.0 162.7 17.4 -0.9 -0.6 0.7 3.0

Nonagricultural industrial supplies & materials

30.061 174.4 178.9 19.7 1.6 1.1 2.2 2.6

Fuels & lubricants

11

5.847 297.6 312.2 53.9 3.9 6.4 7.9 4.9

Nonagricultural supplies & materials excluding fuels & building materials

12

23.227 161.6 165.1 14.2 1.2 0.0 0.9 2.2

Selected building materials

13

0.987 113.7 113.9 -0.2 -0.1 -0.2 -0.2 0.2

Capital goods

2

38.164 101.9 101.7 2.0 0.3 0.1 0.3 -0.2

Electrical generating equipment

20

3.606 108.6 108.6 1.9 0.1 -0.1 0.0 0.0

Nonelectrical machinery

21

26.938 94.1 93.9 0.9 0.2 -0.1 0.3 -0.2

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

22

7.620 130.3 130.5 6.4 0.6 0.5 0.5 0.2

Automotive vehicles, parts & engines

3

9.387 107.5 107.6 1.3 0.4 0.0 0.0 0.1

Consumer goods, excluding automotives

4

11.607 108.2 108.6 2.4 0.1 0.0 0.1 0.4

Nondurables, manufactured

40

5.468 110.1 110.0 2.8 0.5 0.2 0.1 -0.1

Durables, manufactured

41

5.161 105.2 106.2 2.1 -0.3 0.0 0.1 1.0

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 3. U.S. import price indexes and percent changes for selected categories of goods: July 2007 to July 2008 December 2005=100, unless otherwise noted
Description NAICS Relative
import-
ance
June
2008(1)
Index Percent change
June
2008
July
2008
Annual Monthly
July
2007
to
July
2008
Mar.
2008
to
Apr.
2008
Apr.
2008
to
May
2008
May
2008
to
June
2008
June
2008
to
July
2008

Nonmanufactured articles

25.049 204.9 212.6 76.1 7.9 8.8 8.1 3.8

Agriculture, forestry, fishing and hunting

11

1.540 137.3 141.5 22.3 0.9 1.1 1.4 3.1

Crop production

111

1.085 139.2 144.4 23.9 0.5 0.5 0.5 3.7

Mining

21

23.509 211.6 219.6 81.2 8.5 9.3 8.6 3.8

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

212

0.351 122.7 123.9 20.8 12.0 -0.1 -0.2 1.0

Manufactured articles

74.294 115.3 116.4 9.6 1.3 1.0 1.3 1.0

Manufactured goods, part 1

31

8.839 109.5 110.2 5.7 0.5 0.4 0.6 0.6

Food manufacturing

311

2.279 129.6 131.6 17.2 1.0 1.5 2.1 1.5

Beverage and tobacco product manufacturing

312

0.727 105.9 106.3 3.2 0.6 0.4 0.3 0.4

Textile mills

313

0.396 112.7 113.6 6.3 1.3 1.2 -0.3 0.8

Textile product mills

314

0.660 101.6 102.0 1.2 0.7 0.1 -0.8 0.4

Apparel manufacturing

315

3.508 102.3 102.4 1.1 0.0 -0.4 0.3 0.1

Leather and allied product manufacturing

316

1.270 105.1 106.0 3.9 0.9 0.2 0.1 0.9

Manufactured goods, part 2

32

17.768 135.1 138.9 24.6 1.9 3.3 3.8 2.8

Wood product manufacturing

321

1.014 96.8 98.5 2.9 0.3 2.5 3.8 1.8

Paper manufacturing

322

1.150 111.9 114.4 10.4 1.9 0.5 0.6 2.2

Petroleum and coal products manufacturing

324

5.585 193.7 204.6 67.7 6.4 9.5 10.1 5.6

Chemical manufacturing

325

7.450 125.3 126.6 12.6 0.1 0.6 1.0 1.0

Plastics and rubber products manufacturing

326

1.503 111.2 113.6 9.3 0.8 0.9 0.5 2.2

Nonmetallic mineral product manufacturing

327

0.979 112.0 116.7 9.0 0.0 0.9 0.1 4.2

Manufactured goods, part 3

33

47.687 110.3 110.6 5.5 1.3 0.4 0.5 0.3

Primary metal manufacturing

331

5.912 187.3 189.5 28.0 5.2 1.9 4.1 1.2

Fabricated metal product manufacturing

332

2.362 119.8 121.2 11.2 1.6 1.0 1.6 1.2

Machinery manufacturing

333

5.942 110.8 111.4 5.3 1.5 0.5 0.0 0.5

Computer and electronic product manufacturing

334

12.253 93.1 92.6 -2.2 0.1 0.0 -0.5 -0.5

Electrical equipment, appliance, and component manufacturing

335

3.322 112.9 113.9 6.7 1.7 0.4 0.5 0.9

Transportation equipment manufacturing

336

12.461 104.8 105.0 3.3 0.6 -0.1 0.2 0.2

Furniture and related product manufacturing

337

1.328 110.1 112.1 10.3 2.6 0.6 0.6 1.8

Miscellaneous manufacturing

339

4.108 110.9 111.4 4.9 0.7 0.0 0.5 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 4. U.S. export price indexes and percent changes for selected categories of goods: July 2007 to July 2008 December 2005=100, unless otherwise noted
Description NAICS Relative
import-
ance
June
2008(1)
Index Percent change
June
2008
July
2008
Annual Monthly
July
2007
to
July
2008
Mar.
2008
to
Apr.
2008
Apr.
2008
to
May
2008
May
2008
to
June
2008
June
2008
to
July
2008

Nonmanufactured articles

7.371 160.2 171.0 45.4 -4.1 -0.6 2.3 6.7

Agriculture, forestry, fishing and hunting

11

5.895 180.4 196.8 53.6 -5.1 -1.7 2.4 9.1

Crop production

111

5.553 188.4 206.3 58.3 -5.2 -1.8 2.5 9.5

Mining

21

1.476 115.1 112.2 18.7 0.7 3.9 1.8 -2.5

Mining (except oil and gas)

212

0.847 99.1 101.0 1.8 -2.4 0.3 -0.9 1.9

Manufactured articles

89.761 113.3 114.5 7.9 0.9 0.5 1.1 1.1

Manufactured goods, part 1

31

6.827 125.2 127.5 15.4 1.6 1.3 1.5 1.8

Food manufacturing

311

4.552 141.9 145.2 22.9 2.2 2.1 1.9 2.3

Beverage and tobacco product manufacturing

312

0.484 106.8 106.5 4.3 0.9 0.0 0.3 -0.3

Apparel manufacturing

315

0.455 101.1 100.9 0.4 0.0 0.0 0.1 -0.2

Manufactured goods, part 2

32

23.722 127.8 131.7 18.2 1.6 1.7 2.8 3.1

Wood product manufacturing

321

0.506 112.0 111.4 0.5 -0.8 0.4 -0.1 -0.5

Paper manufacturing

322

1.884 115.6 116.5 5.5 1.1 0.1 0.3 0.8

Petroleum and coal products manufacturing

324

4.138 200.7 214.5 66.7 4.7 6.9 10.3 6.9

Chemical manufacturing

325

14.228 122.2 125.7 14.0 1.2 1.0 1.7 2.9

Plastics and rubber products manufacturing

326

2.095 109.2 110.0 5.1 0.5 0.2 1.0 0.7

Nonmetallic mineral product manufacturing

327

0.786 108.5 108.5 1.1 -0.2 -0.1 0.2 0.0

Manufactured goods, part 3

33

59.212 107.1 107.2 3.4 0.6 0.0 0.4 0.1

Primary metal manufacturing

331

4.919 153.8 156.2 24.9 3.1 -0.6 1.9 1.6

Fabricated metal product manufacturing

332

2.622 116.2 118.0 4.7 0.3 0.3 0.7 1.5

Machinery manufacturing

333

11.567 109.4 109.8 4.0 0.8 0.2 0.1 0.4

Computer and electronic product manufacturing

334

16.115 95.7 94.8 -1.6 -0.1 -0.3 0.4 -0.9

Electrical equipment, appliance, and component manufacturing

335

3.485 106.5 106.8 2.1 -0.3 -0.1 -0.1 0.3

Transportation equipment manufacturing

336

15.939 106.9 107.0 2.7 0.4 0.2 0.2 0.1

Miscellaneous manufacturing

339

4.235 107.0 107.8 3.5 0.1 0.4 0.4 0.7

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

Live animals; animal products

I

1.041 141.2 143.6 11.9 3.2 3.0 1.1 1.7

Meat and edible meat offal

02

0.237 164.5 171.8 16.2 0.7 4.2 3.0 4.4

Fish and crustaceans, molluscs and other aquatic invertebrates

03

0.502 106.2 107.8 6.3 1.9 -1.5 2.1 1.5

Vegetable products

II

1.240 159.4 162.1 21.2 3.3 0.6 1.5 1.7

Edible vegetables, roots, and tubers

07

0.288 202.6 214.0 5.5 5.4 -7.3 -2.7 5.6

Edible fruit and nuts; peel of citrus fruit or melons

08

0.379 112.7 108.1 23.0 11.4 1.2 5.3 -4.1

Coffee, tea, mate and spices

09

0.230 166.7 173.7 21.7 -4.1 -0.4 0.1 4.2

Prepared foodstuffs, beverages, and tobacco

IV

2.001 139.8 142.1 13.7 0.7 1.0 1.7 1.6

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

19

0.163 109.1 110.8 - 1.8 0.7 1.3 1.6

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

20

0.214 141.5 140.7 15.0 0.6 0.4 -0.4 -0.6

Beverages, spirits, and vinegar

22

0.725 118.9 120.0 7.9 1.6 0.7 0.8 0.9

Mineral products

V

29.374 416.4 433.3 76.9 8.1 9.2 8.7 4.1

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

25

0.188 102.8 102.8 - 0.0 -0.1 0.1 0.0

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

27

28.816 419.4 436.7 78.4 8.0 9.5 8.9 4.1

Products of the chemical or allied industries

VI

6.745 138.7 139.6 11.2 -0.3 0.4 0.7 0.6

Inorganic chemicals

28

0.854 248.1 244.2 4.1 -1.9 -1.7 -1.9 -1.6

Organic chemicals

29

2.216 132.8 133.3 11.1 -2.4 0.2 1.1 0.4

Pharmaceutical products

30

2.040 114.2 114.0 5.0 0.9 0.8 0.0 -0.2

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

32

0.145 105.2 107.5 5.2 0.4 0.8 0.6 2.2

Essential oils and resinoids (Dec. 2001=100)

33

0.366 125.3 125.4 10.1 1.4 0.6 0.5 0.1

Miscellaneous chemical products

38

0.370 100.9 101.3 3.4 0.1 1.8 -0.3 0.4

Plastics and articles thereof; rubber and articles thereof

VII

2.579 133.3 135.9 10.9 1.1 1.0 1.0 2.0

Plastics and articles thereof

39

1.695 130.1 132.1 10.0 1.4 0.7 0.6 1.5

Rubber and articles thereof

40

0.884 139.7 143.5 12.6 0.6 1.6 1.7 2.7

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

VIII

0.515 112.4 113.3 5.0 0.8 -0.1 0.3 0.8

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

42

0.473 112.8 113.8 5.4 0.9 -0.2 0.2 0.9

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

IX

1.052 118.6 120.7 2.5 0.3 2.3 3.9 1.8

Woodpulp, recovered paper, and paper products

X

1.285 115.6 117.6 8.9 1.5 0.3 0.3 1.7

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

48

0.886 111.3 114.2 10.1 2.3 0.5 0.2 2.6

Printed matter

49

0.224 118.6 118.2 1.6 -0.1 0.0 0.1 -0.3

Textile and textile articles

XI

4.426 103.7 104.0 1.7 0.2 -0.2 0.1 0.3

Articles of apparel and clothing accessories, knitted or crocheted

61

1.605 101.0 101.2 0.7 -0.4 0.1 0.5 0.2

Articles of apparel and clothing accessories, not knitted or crocheted

62

1.743 102.4 102.4 0.9 0.3 -0.9 0.1 0.0

Made-up or worn textile articles

63

0.447 94.9 94.9 0.9 0.7 0.1 -1.2 0.0

Headgear, umbrellas, artifical flowers, etc.

XII

1.061 105.7 106.5 4.4 0.9 0.3 -0.1 0.8

Footwear and parts of such articles

64

0.888 104.6 105.5 3.6 1.1 0.4 -0.1 0.9

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

XIII

0.841 115.4 120.6 8.2 0.3 0.0 0.1 4.5

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

68

0.298 106.9 117.6 13.2 0.4 0.1 -0.2 10.0

Ceramic products

69

0.275 125.8 125.7 5.8 0.5 0.1 0.6 -0.1

Glass and glassware

70

0.268 113.2 116.5 4.8 -0.2 0.0 -0.2 2.9

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

XIV

2.573 157.1 157.8 19.2 1.2 -1.8 1.0 0.4

Base metals and articles of base metals

XV

6.948 207.7 210.4 20.8 6.4 3.2 3.3 1.3

Iron and steel

72

2.343 312.2 323.8 54.6 11.0 7.0 9.1 3.7

Articles of iron or steel

73

1.618 159.3 164.6 26.8 3.2 3.4 3.2 3.3

Copper and articles thereof

74

0.811 327.7 321.2 6.3 5.5 2.9 -1.8 -2.0

Aluminum and articles thereof

76

0.939 155.8 156.6 9.1 5.7 -0.1 -1.5 0.5

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

82

0.323 115.1 115.5 7.0 0.6 0.1 0.7 0.3

Miscellaneous articles of base metal

83

0.401 129.4 130.4 4.2 0.4 0.5 0.9 0.8

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

XVI

21.322 88.9 88.8 0.9 0.6 0.2 -0.2 -0.1

Machinery and mechanical appliances; parts thereof

84

10.982 89.3 89.2 0.7 0.9 0.0 -0.2 -0.1

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

85

10.340 88.5 88.5 1.1 0.5 0.2 -0.1 0.0

Vehicles, aircraft, vessels and associated transport equipment

XVII

10.897 109.5 109.7 3.4 0.5 0.0 0.2 0.2

Motor vehicles and their parts

87

10.103 108.7 108.9 3.4 0.5 -0.1 0.3 0.2

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

88

0.713 111.6 112.1 2.6 0.7 0.1 0.0 0.4

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

XVIII

2.537 101.5 101.7 2.7 1.2 0.5 -0.1 0.2

Optical, photographic, measuring and medical instruments

90

2.272 99.4 99.7 2.5 1.1 0.5 -0.2 0.3

Clocks and watches and parts thereof

91

0.199 121.5 121.5 4.5 1.0 0.3 0.1 0.0

Miscellaneous manufactured articles

XX

3.312 106.5 107.4 6.0 1.3 0.4 0.5 0.8

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

94

1.930 112.1 113.3 8.1 2.1 0.5 0.6 1.1

Toys, games and sports equipment; parts and accessories thereof

95

1.206 98.7 99.2 2.8 0.1 0.2 0.2 0.5

Miscellaneous manufactured articles

96

0.176 111.3 113.1 5.7 1.7 0.5 0.1 1.6

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

Live animals; animal products

I

1.633 174.5 178.3 13.6 2.3 2.3 2.5 2.2

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

02

0.890 145.4 148.8 17.2 4.6 3.4 2.4 2.3

Fish and crustaceans, molluscs and other aquatic invertebrates

03

0.420 149.1 149.8 18.3 -1.5 -1.1 0.1 0.5

Vegetable products

II

5.564 239.2 260.8 59.7 -4.3 -0.6 2.5 9.0

Edible fruit and nuts; peel of citrus fruit or melons

08

0.677 123.0 120.8 5.0 1.0 -0.2 0.7 -1.8

Cereals

10

2.548 293.6 322.8 84.8 -2.8 -4.0 0.4 9.9

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

12

1.729 259.3 298.9 78.7 -10.9 2.0 8.8 15.3

Prepared foodstuffs, beverages,and tobacco

IV

2.335 136.2 139.4 15.9 0.3 0.0 0.9 2.3

Miscellaneous edible preparations

21

0.431 120.3 120.6 8.1 0.3 0.2 -0.1 0.2

Residues and waste from the food industries; prepared animal feed

23

0.597 204.0 223.7 55.3 -0.3 0.2 3.2 9.7

Mineral products

V

5.946 360.7 379.9 55.3 3.5 6.0 7.9 5.3

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

27

5.372 362.5 383.7 65.4 4.1 6.8 9.0 5.8

Products of the chemical or allied industries

VI

11.770 145.5 149.2 13.5 1.1 0.7 2.0 2.5

Inorganic chemicals

28

1.164 192.6 195.1 21.3 1.0 2.0 1.5 1.3

Organic chemicals

29

3.742 167.0 174.3 19.1 1.9 1.2 3.6 4.4

Pharmaceutical products

30

2.512 119.9 119.5 4.3 0.8 0.2 0.1 -0.3

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

32

0.524 114.7 113.8 -2.1 -0.1 -1.7 0.3 -0.8

Essential oils and resinoids; perfumery cosmetic or toilet preparations

33

0.649 121.7 122.6 4.5 1.4 -0.2 0.1 0.7

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

34

0.395 118.5 120.6 7.8 0.4 1.5 0.6 1.8

Miscellaneous chemical products

38

1.587 125.8 129.3 8.0 1.2 0.6 0.5 2.8

Plastics and articles thereof; rubber and articles thereof

VII

5.239 142.2 146.0 10.5 0.7 0.8 1.9 2.7

Plastics and articles thereof

39

4.231 137.2 140.8 10.1 0.8 0.5 1.6 2.6

Rubber and articles thereof

40

1.008 163.7 168.5 12.5 1.0 1.5 2.9 2.9

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

VIII

0.393 118.4 118.1 -0.8 0.3 0.8 0.2 -0.3

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

IX

0.625 112.3 112.1 -0.9 -0.9 1.2 -0.2 -0.2

Woodpulp, recovered paper, and paper products

X

2.477 117.5 118.2 5.7 1.0 -0.8 0.5 0.6

Woodpulp and recovered paper

47

0.688 128.3 130.9 13.1 0.6 -2.2 1.0 2.0

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

48

1.273 112.5 113.2 3.9 1.5 -0.3 0.3 0.6

Printed material

49

0.515 121.4 119.3 1.0 0.2 -0.2 0.3 -1.7

Textile and textile articles

XI

2.174 108.0 109.9 5.6 -0.7 -0.6 0.4 1.8

Cotton, including yarns and woven fabrics thereof

52

0.684 109.7 114.0 14.6 -2.9 -2.3 0.9 3.9

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

XIII

0.770 110.7 110.7 0.5 -0.4 -0.3 0.0 0.0

Glass and glassware

70

0.416 98.7 98.7 -0.1 0.4 -0.1 -0.8 0.0

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

XIV

3.902 183.1 185.9 21.5 0.6 -2.2 -1.7 1.5

Base metals and articles of base metals

XV

5.945 181.2 183.8 10.7 1.9 0.4 0.7 1.4

Iron and steel

72

1.606 243.3 253.3 27.0 0.3 1.7 2.9 4.1

Articles of iron or steel

73

1.409 156.9 159.2 7.4 0.1 0.8 3.2 1.5

Copper and articles thereof

74

0.689 261.2 262.3 7.1 2.8 -1.6 -2.2 0.4

Aluminum and articles thereof

76

0.993 150.6 151.2 3.1 3.5 -0.5 -2.7 0.4

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

82

0.374 119.0 119.0 3.2 0.7 0.0 0.0 0.0

Miscellaneous articles of base metal

83

0.359 130.0 130.9 2.3 0.2 0.6 0.7 0.7

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

XVI

29.720 95.2 95.0 0.6 0.1 -0.2 0.1 -0.2

Machinery and mechanical appliances; parts thereof

84

16.491 103.7 103.9 1.1 0.3 -0.1 -0.1 0.2

Electrical machinery and equipment and parts and accessories thereof

85

13.229 86.0 85.3 0.1 -0.1 -0.5 0.6 -0.8

Vehicles, aircraft, vessels and associated transport equipment

XVII

13.604 116.5 116.6 2.3 0.4 0.3 0.2 0.1

Motor vehicles and their parts

87

8.019 106.6 106.8 1.0 0.3 0.1 0.0 0.2

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

XVIII

5.912 107.0 106.9 3.3 0.6 0.2 0.1 -0.1

Miscellaneous manufactured articles

XX

1.400 108.8 108.9 3.6 0.8 0.4 0.0 0.1

Furniture; stuffed furnishings; lamps and lighting fittings nesoi;

94

0.744 117.0 117.0 3.2 0.0 0.3 0.0 0.0

Toys, games and sports equipment; parts and accessories thereof

95

0.507 95.0 95.4 5.4 1.7 0.4 -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 7. U.S. import price indexes and percent changes by locality of origin: July 2007 to July 2008 2000=100, unless otherwise noted
Description Percent
of
U.S.
imports(1)
Index Percent change
June
2008
July
2008
Annual Monthly
July
2007
to
July
2008
Mar.
2008
to
Apr.
2008
Apr.
2008
to
May
2008
May
2008
to
June
2008
June
2008
to
July
2008

Industrialized Countries(2)

42.888 139.8 142.1 18.0 2.8 1.8 2.0 1.6

Nonmanufactured articles

4.201 351.4 365.7 83.4 8.5 8.6 8.2 4.1

Manufactured articles

38.251 124.2 125.7 10.1 1.8 0.7 0.9 1.2

Other Countries(3)

57.112 147.0 149.8 24.7 3.0 3.6 3.4 1.9

Nonmanufactured articles

12.058 398.5 413.1 74.7 7.8 8.7 8.1 3.7

Manufactured articles

44.837 112.0 113.2 9.2 1.1 1.4 1.4 1.1

Canada

16.032 172.1 175.1 29.2 5.3 3.5 3.9 1.7

Nonmanufactured articles

3.711 349.7 363.1 86.1 8.5 8.3 8.7 3.8

Manufactured articles

12.028 137.8 138.7 11.4 3.7 1.3 1.8 0.7

European Union(4)

17.355 133.8 134.8 10.4 1.6 0.8 0.7 0.7

Nonmanufactured articles

0.249 403.5 416.6 64.5 6.9 13.7 2.7 3.2

Manufactured articles

16.987 130.0 130.8 9.5 1.5 0.5 0.7 0.6

France (Dec. 2003=100)

1.844 119.2 120.4 10.2 2.5 0.3 0.3 1.0

Germany (Dec. 2003=100)

4.732 113.0 113.2 4.9 1.2 0.1 0.0 0.2

United Kingdom (Dec. 2003=100)

2.684 142.6 143.7 17.4 1.1 2.3 1.2 0.8

Latin America(5)

18.032 192.7 197.4 31.7 4.2 4.4 3.2 2.4

Nonmanufactured articles

5.151 400.3 415.1 69.7 7.4 8.9 6.7 3.7

Manufactured articles

12.786 146.7 149.0 13.7 2.3 1.8 1.1 1.6

Mexico (Dec. 2003=100)

10.710 154.1 156.3 21.8 2.2 2.7 3.0 1.4

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

33.822 102.7 103.5 4.7 0.7 0.6 0.4 0.8

China (Dec. 2003=100)

15.926 102.8 103.7 5.3 0.4 0.7 0.6 0.9

Japan

8.032 95.0 95.5 1.8 0.3 -0.1 0.2 0.5

Asian NICs(7)

5.887 91.2 92.5 4.3 1.5 0.6 0.2 1.4

ASEAN (Dec. 2003=100)(8)

6.041 103.1 104.0 7.2 0.2 1.5 0.7 0.9

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

3.928 314.5 323.9 61.5 6.3 7.0 6.9 3.0

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

Air Freight

Import Air Freight

100.000 155.6 156.8 18.5 4.4 2.2 1.0 0.8

Europe (Dec. 2003=100)

30.262 171.5 175.9 33.3 10.4 3.7 -0.3 2.6

Asia

59.694 129.5 129.5 13.0 2.1 1.7 0.6 0.0

Export Air Freight

100.000 140.8 143.1 21.6 2.0 2.0 2.5 1.6

Europe (Dec. 2006=100)

43.509 135.6 138.8 37.4 2.6 3.2 3.7 2.4

Inbound Air Freight

100.000 150.0 151.5 18.9 3.6 1.7 1.1 1.0

Europe (Dec. 2003=100)

32.217 163.7 167.1 31.5 7.7 2.5 1.2 2.1

Asia

56.160 123.6 124.2 14.0 1.9 1.5 0.9 0.5

Outbound Air Freight

100.000 143.2 147.3 28.2 2.5 3.3 4.9 2.9

Europe (Dec. 2003=100)

41.905 164.0 168.9 29.6 3.7 3.2 5.1 3.0

Asia

40.768 128.0 131.1 25.3 1.4 3.7 5.3 2.4

Air Passenger Fares

Import Air Passenger Fares

100.000 171.6 178.6 19.5 9.1 1.3 18.3 4.1

Europe

47.324 186.5 191.3 24.0 17.3 0.5 27.0 2.6

Asia

25.101 149.5 155.5 8.5 3.0 2.7 20.9 4.0

Latin America/Caribbean

11.779 147.4 155.8 27.2 4.3 4.4 4.2 5.7

Export Air Passenger Fares

100.000 171.4 180.7 16.7 -2.2 3.5 8.2 5.4

Europe

32.956 224.8 242.0 23.0 5.0 3.5 16.2 7.7

Asia

33.248 136.5 138.6 15.7 -2.7 3.1 2.2 1.5

Latin America/Caribbean

19.488 166.0 178.3 5.1 -0.8 4.4 3.3 7.4

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: August 13, 2008
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