There was an error on page 3 of the release concerning the last time capital goods export prices had a larger 

12-month increase. That has been corrected. 

U.S. IMPORT AND EXPORT PRICE INDEXES – MAY 2022 

U.S. import prices rose 0.6 percent in May, after advancing 0.4 percent in April, the U.S. Bureau of Labor 

Statistics reported today. Higher fuel prices in May offset lower nonfuel prices. The price index for U.S. 

exports increased 2.8 percent in May following a 0.8-percent rise the previous month. 

Chart 1. One-month and 12-month percent changes in the Import Price Index: May 2021 – May 2022

Imports 

Prices for U.S. imports advanced 0.6 percent in May following a 0.4-percent increase in April and a 3.0-

percent rise in March. The last monthly decline for import prices was a 0.4-percent decrease in December 

2021. U.S. import prices increased 11.7 percent for the year ended in May. (See table 1.)

Fuel Imports: Import fuel prices rose 7.5 percent in May, after advancing 0.5 percent in April and 17.7 

percent in March. Higher petroleum and natural gas prices both contributed to the increase in May. The 

price index for import fuel rose 73.5 percent over the past year, the largest 12-month advance since 

increasing 87.0 percent in November 2021. Prices for import petroleum advanced 6.7 percent in May, after 

recording no change the previous month. Petroleum prices rose 71.0 percent from May 2021 to May 2022. 

Import natural gas prices increased 26.5 percent in May following a 13.0-percent rise in April. Prices for 

natural gas advanced 150.5 percent over the past 12 months, the largest over-the-year rise since increasing 

193.8 percent for the year ended March 2003.

1.3 1.1

0.3

-0.2

0.4

1.5

0.7

-0.4

2.0 1.8

3.0

0.4 0.6

11.6 11.3

10.2

9.0 9.3

11.0

11.8

10.3 10.8

11.4 13.1

12.5

11.7

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

May'21 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May'22

1-month percent change 12-month percent change

Transmission of material in this release is embargoed until

8:30 a.m. (ET) Wednesday, June 15, 2022 

Technical information: (202) 691-7101 • MXPinfo@bls.gov • www.bls.gov/mxp

Media contact: (202) 691-5902 • PressOffice@bls.gov

USDL-22-1175
2

All Imports Excluding Fuel: Prices for nonfuel imports declined 0.3 percent in May following a 0.4-

percent increase the previous month. The drop in May was the first monthly decrease since the index fell 0.2 

percent in November 2020. Lower prices in May for nonfuel industrial supplies and materials; consumer

goods; and foods, feeds, and beverages more than offset price increases for capital goods and automotive 

vehicles. Despite the May decline, the price index for nonfuel imports rose 5.9 percent over the past 12 

months. 

Foods, Feeds, and Beverages: Prices for foods, feeds, and beverages decreased 0.2 percent in May, after 

advancing 0.9 percent the previous month. The decline in May was the first monthly drop since the index 

fell 0.1 percent in November 2021. The May decrease was led by lower prices for food oils and oilseeds.

Nonfuel Industrial Supplies and Materials: Nonfuel industrial supplies and materials prices fell 1.7 percent 

in May following a 0.6-percent advance in April. Lower prices for unfinished metals and finished metals in 

May more than offset higher prices for unfinished building materials. 

Finished Goods: Prices for most of the major finished goods categories rose in May. Import capital goods 

prices advanced 0.3 percent following consecutive 0.5-percent increases the 2 previous months. Prices for 

capital goods rose 4.4 percent over the past year, the largest 12-month advance since February 1991. The 

price index for automotive vehicles also increased 0.3 percent in May, after a 0.2-percent advance in April. 

In contrast, prices for consumer goods edged down 0.1 percent in May, the first monthly decline since 

October 2020. 

Table A. Percent change in Import and Export Price Indexes, selected categories
3

Chart 2. One-month and 12-month percent changes in the Export Price Index: May 2021 – May 2022

Exports 

U.S. export prices increased 2.8 percent in May, after advancing 0.8 percent in April and 4.2 percent in 

March. Higher prices for both nonagricultural and agricultural exports contributed to the U.S. export price 

rise in May. The export price index increased 18.9 percent from May 2021 to May 2022, the largest overthe-year rise since 12-month percent changes were first published in September 1984. (See table 2.)

Agricultural Exports: Prices for agricultural exports rose 2.1 percent in May, after increasing 8.9 percent 

from January to April. Agricultural export prices have not declined on a month-to-month basis since 

September 2021. Price increases for soybeans, corn, and wheat drove the May advance in agricultural 

prices. The price index for agricultural exports rose 16.7 percent over the past 12 months.

All Exports Excluding Agriculture: Nonagricultural export prices advanced 2.9 percent in May following 

a 0.7-percent increase in April. The rise in May was led by higher prices for nonagricultural industrial 

supplies and materials; capital goods; automotive vehicles; and nonagricultural foods, which more than 

offset lower consumer goods prices. Nonagricultural export prices rose 19.3 percent for the year ended in 

May, the largest 12-month advance since over-the-year percent changes were first published in March 1986. 

Nonagricultural Industrial Supplies and Materials: The price index for nonagricultural industrial supplies 

and materials rose 5.7 percent in May. Higher fuel prices more than offset lower prices for nonferrous 

metals and fertilizer. The export price index for fuel advanced 12.5 percent in May and 84.8 percent over 

the past year. 

Finished Goods: Prices for most of the major finished goods categories increased in May. Capital goods 

prices rose 0.3 percent following a 0.7-percent advance in April. The price index for export capital goods 

increased 4.9 percent from May 2021 to May 2022, the largest 12-month advance since September 1982. 

Export automotive vehicles prices rose 0.2 percent in May and 4.2 percent over the past year, the largest 

over-the-year increase since March 1984. In contrast, the price index for consumer goods declined 0.3 

percent in May. 

More information for the major import and export price indexes can be found at 

www.bls.gov/web/ximpim/largest.htm. 

2.3

1.2 1.1

0.2 0.3

1.9

0.7

-1.6

2.8 3.2

4.2

0.8

2.8

17.6

16.9 17.0 16.6 16.3

18.3 18.1

14.9 15.0

16.8

18.8 18.3

18.9

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

22.0

May'21 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May'22

1-month percent change 12-month percent change
4

Measures of Import and Export Prices by Locality

Imports by Locality of Origin: The price index for imports from China ticked up 0.1 percent in May, after 

increasing 0.3 percent the previous month. The rise in May was driven by higher prices for machinery

manufacturing. Import prices from China advanced 4.6 percent from May 2021 to May 2022. Prices for 

imports from Japan edged down 0.1 percent in May, after rising 0.3 percent in April and 0.5 percent in 

March. Import prices from Japan increased 1.7 percent over the past year. The price index for imports from 

Canada advanced 3.2 percent in May and 29.1 percent over the past 12 months. The import price indexes 

from the European Union and Mexico also increased in May, advancing 0.3 percent and 0.9 percent, 

respectively. (See table 7.)

Exports by Locality of Destination: Prices for exports to China rose 2.0 percent in May following a 0.4-

percent decline in April. Export prices to China advanced 15.1 percent over the past year. The price index 

for exports to Japan increased 2.5 percent in May and 17.8 percent over the past 12 months. The price 

indexes for exports to Canada and the European Union also rose in May, each advancing 1.8 percent. Export 

prices to Canada and the European Union increased 16.7 percent and 13.2 percent, respectively, from May 

2021 to May 2022; both were the largest over-the-year rises since 12-month percent changes were first 

published in December 2018. Prices for exports to Mexico increased 4.9 percent in May and 19.2 percent 

over the past year. (See table 8.) 

Terms of Trade Indexes: Terms of trade indexes are based on country, region, or grouping and measure 

the change in the purchasing power of exports relative to imports. The index for U.S. terms of trade with 

China rose 2.0 percent in May following a 0.7-percent decline the previous month. Higher export prices to

China more than offset increasing import prices from China in May. U.S. terms of trade with China rose 

10.0 percent over the past 12 months. U.S. terms of trade with Japan advanced 2.6 percent in May following 

a 0.2-percent increase in April. The index for U.S. terms of trade with Japan rose 15.9 percent over the past 

year. U.S. terms of trade with the European Union and Mexico also advanced in May, increasing 1.5 percent 

and 4.0 percent, respectively. The index for U.S. terms of trade with the European Union rose 7.2 percent 

for the year ended in May, the largest over-the-year increase since 12-month percent changes were first 

published in December 2018. In contrast, U.S. terms of trade with Canada fell 1.4 percent in May and

declined 9.6 percent over the past year. (See table 9.)

Import and Export Services

Imports: Import air passenger fares increased 3.2 percent in May following a 3.6-percent rise in April and 

an 8.6-percent advance in March. In May, higher European and Asian fares more than offset lower Latin 

American/Caribbean fares. Import air passenger fares increased 12.2 percent over the past year. The price 

index for import air freight rose 4.0 percent in May, after decreasing 10.7 percent from January to April. 

Prices for import air freight advanced 5.0 percent over the past 12 months. (See table 10.)

Exports: The index for export air passenger fares increased 2.6 percent in May, after ticking up 0.1 percent 

in April and rising 7.0 percent in March. Higher Asian, European, and Latin American/Caribbean fares all 

contributed to the May advance. Export air passenger fares rose 14.6 percent for the year ended in May, the 

largest 12-month increase since August 2021. Export air freight prices advanced 2.3 percent in May 

following increases of 0.7 percent in April, 4.6 percent in March, and 6.3 percent in February. Prices for 

export air freight rose 26.8 percent over the past year and have not recorded a 12-month decline since 

November 2020. The increase from May 2021 to May 2022 was the largest over-the-year increase since 12-

month percent changes were first published in December 1997. 

 

U.S. Import and Export Price Index data for June 2022 are scheduled for release on Friday, July 15, 2022 at 

8:30 a.m. (ET).
Table 1. U.S. import price indexes and percent changes for selected categories of goods: May 2021 to May

2022

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Apr.

20221

Index Percent change

Apr.

2022

May

2022

Annual Monthly

May

2021 to

May

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

All commodities................................... 100.000 147.5 148.4 11.7 1.8 3.0 0.4 0.6

All imports excluding food and fuels (Dec.

2010=100)........................................ 80.983 110.8 110.5 5.5 0.8 1.3 0.4 -0.3

All imports excluding petroleum.............. 88.671 126.9 126.8 6.7 0.8 1.2 0.5 -0.1

All imports excluding fuels (Dec.

2001=100)........................................ 87.858 130.4 130.0 5.9 0.8 1.2 0.4 -0.3

Foods, feeds, & beverages................... 0 6.874 212.8 212.3 11.9 1.6 0.3 0.9 -0.2

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 5.463 231.0 229.8 11.9 1.4 0.3 1.3 -0.5

Nonagricultural foods (fish, distilled

beverages).................................. 01 1.411 172.2 173.4 11.7 2.3 0.8 -0.7 0.7

Industrial supplies & materials.............. 1 31.616 298.1 303.6 32.5 5.0 9.3 0.6 1.8

Industrial supplies & materials excluding

petroleum.................................... 20.223 235.2 233.6 16.8 2.0 4.0 1.0 -0.7

Industrial supplies & materials excluding

fuels (Dec. 2001=100)..................... 19.187 259.7 255.3 13.1 2.2 4.6 0.6 -1.7

Industrial supplies & materials, durable. . .. 13.299 256.6 250.2 7.7 2.5 6.1 0.0 -2.5

Industrial supplies & materials nondurable

excluding petroleum....................... 6.989 207.3 212.8 33.2 1.1 0.1 3.0 2.7

Fuels & lubricants............................. 10 12.142 383.1 412.0 73.5 10.6 17.7 0.5 7.5

Petroleum & petroleum products......... 100 11.329 409.2 436.6 71.0 11.7 19.8 0.0 6.7

Crude petroleum........................... 10000 7.994 432.2 452.5 69.8 12.0 20.3 1.1 4.7

Fuels, n.e.s.-coals & gas.................. 101 0.700 286.1 349.8 129.2 -2.0 -8.4 10.4 22.3

Natural gas.................................. 10110 0.578 279.9 354.0 150.5 -4.3 -9.5 13.0 26.5

Paper & paper base stocks.................. 11 0.479 129.8 129.6 9.9 2.0 -0.7 3.1 -0.2

Materials associated with nondurable

supplies & materials....................... 12 5.696 222.7 222.7 25.3 1.5 1.6 2.0 0.0

Selected building materials.................. 13 2.085 231.2 233.1 -9.3 2.6 4.6 -5.9 0.8

Unfinished metals related to durable

goods........................................ 14 6.094 415.7 399.6 12.4 2.8 9.5 2.0 -3.9

Finished metals related to durable

goods........................................ 15 3.428 227.5 219.5 18.1 2.9 4.4 -0.5 -3.5

Nonmetals related to durable goods. . . . . .. 16 1.692 127.3 128.0 8.9 0.2 0.6 1.4 0.5

Capital goods................................... 2 24.999 92.8 93.1 4.4 0.4 0.5 0.5 0.3

Electric generating equipment............... 20 3.107 127.6 127.9 5.1 0.8 1.3 0.6 0.2

Nonelectrical machinery...................... 21 20.351 84.4 84.5 4.3 0.5 0.4 0.7 0.1

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 1.540 141.3 143.1 3.3 -0.7 0.5 0.3 1.3

Automotive vehicles, parts & engines..... 3 12.005 115.1 115.5 3.1 0.3 0.1 0.2 0.3

Consumer goods, excluding

automotives.................................. 4 24.505 110.5 110.4 2.7 0.4 0.3 0.0 -0.1

Nondurables, manufactured................. 40 12.392 125.1 124.9 0.6 0.2 0.0 -0.2 -0.2

Durables, manufactured...................... 41 11.384 95.9 95.8 4.5 0.3 0.4 0.3 -0.1

Nonmanufactured consumer goods. . . . . . .. 42 0.729 135.1 135.2 13.2 2.2 1.8 0.1 0.1

1 Relative importance figures are based on 2020 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.

Dash = Not available

5
Table 2. U.S. export price indexes and percent changes for selected categories of goods: May 2021 to May

2022

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Apr.

20221

Index Percent change

Apr.

2022

May

2022

Annual Monthly

May

2021 to

May

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

All commodities................................... 100.000 160.8 165.3 18.9 3.2 4.2 0.8 2.8

Agricultural commodities....................... 12.214 259.3 264.7 16.7 2.9 4.5 1.2 2.1

All exports excluding food and fuels (Dec.

2010=100)........................................ 67.030 116.5 116.2 5.9 0.8 1.2 1.2 -0.3

Nonagricultural commodities.................. 87.786 153.4 157.9 19.3 3.3 4.2 0.7 2.9

Foods, feeds, & beverages................... 0 11.200 262.6 268.3 15.9 2.9 5.0 1.0 2.2

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 10.720 263.3 269.1 15.9 2.8 5.1 1.0 2.2

Nonagricultural foods (fish, distilled

beverages).................................. 01 0.480 252.7 254.9 15.5 3.7 3.6 -0.2 0.9

Industrial supplies & materials.............. 1 44.906 243.6 257.3 37.6 6.5 8.0 0.9 5.6

Industrial supplies & materials, durable. . .. 10.847 235.5 230.3 10.9 2.2 3.8 1.9 -2.2

Industrial supplies & materials,

nondurable.................................. 34.059 242.6 262.2 48.1 7.9 9.4 0.6 8.1

Agricultural industrial supplies &

materials..................................... 10 1.494 243.0 245.3 21.6 3.4 0.8 2.5 0.9

Nonagricultural industrial supplies &

materials..................................... 43.412 243.8 257.8 38.2 6.6 8.3 0.9 5.7

Fuels & lubricants............................. 11 21.771 325.3 365.9 84.8 12.9 14.2 -0.5 12.5

Nonagricultural supplies & materials

excluding fuels & building materials. . . .. 12 20.733 217.1 214.9 7.6 1.3 2.7 2.2 -1.0

Selected building materials.................. 13 0.908 172.1 171.6 14.6 2.1 4.3 2.4 -0.3

Capital goods................................... 2 26.981 118.1 118.4 4.9 0.4 0.3 0.7 0.3

Electrical generating equipment............. 20 2.989 130.8 130.8 8.4 0.5 -0.6 0.5 0.0

Nonelectrical machinery...................... 21 19.617 100.1 100.5 4.9 0.4 0.5 0.7 0.4

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 4.375 195.2 195.5 3.1 0.4 0.4 0.5 0.2

Automotive vehicles, parts & engines..... 3 7.091 119.7 119.9 4.2 0.4 0.7 0.7 0.2

Consumer goods, excluding

automotives.................................. 4 9.823 116.8 116.5 4.3 0.7 0.8 0.5 -0.3

Nondurables, manufactured................. 40 5.192 110.7 110.3 0.6 -0.2 0.2 0.2 -0.4

Durables, manufactured...................... 41 3.726 113.6 113.6 4.4 0.3 0.8 1.0 0.0

Nonmanufactured consumer goods (Dec.

2018=100)................................... 42 0.905 126.1 126.3 27.4 8.0 5.0 0.0 0.2

1 Relative importance figures are based on 2020 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.

Dash = Not available

6
Table 3. U.S. import price indexes and percent changes for selected industries: May 2021 to May 2022

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Apr.

20221

Index Percent change

Apr.

2022

May

2022

Annual Monthly

May

2021 to

May

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

Nonmanufacturing................................ 11.169 191.9 200.9 60.6 8.2 12.9 1.6 4.7

Agriculture, forestry, fishing and

hunting........................................ 11 2.243 221.2 221.5 18.9 2.2 -1.3 1.0 0.1

Crop production............................... 111 1.813 230.1 231.9 18.0 0.8 -2.3 0.6 0.8

Mining............................................ 21 8.925 199.7 211.4 75.0 10.1 17.1 1.8 5.9

Oil and gas extraction........................ 211 8.664 200.4 212.3 76.2 10.4 17.8 1.8 5.9

Manufacturing..................................... 88.439 125.8 126.0 7.4 1.1 1.9 0.2 0.2

Manufacturing, part 1......................... 31 10.841 138.4 138.3 6.4 0.7 0.6 0.6 -0.1

Food manufacturing.......................... 311 4.094 189.2 188.0 11.7 1.7 1.5 1.1 -0.6

Beverage and tobacco product

manufacturing............................... 312 1.049 134.6 134.4 1.8 0.3 0.8 0.4 -0.1

Textile mills (Dec. 2011=100)............... 313 0.392 126.0 127.3 22.3 0.0 1.0 0.2 1.0

Textile product mills.......................... 314 1.424 111.5 112.1 3.0 -0.3 -0.6 -0.1 0.5

Apparel manufacturing....................... 315 2.761 116.0 116.4 2.8 0.2 0.0 0.2 0.3

Leather and allied product

manufacturing............................... 316 1.122 127.8 127.7 2.5 0.2 0.0 0.3 -0.1

Manufacturing, part 2......................... 32 20.805 156.1 159.0 13.8 2.2 3.6 -0.8 1.9

Wood product manufacturing (Dec.

2019=100)................................... 321 1.373 204.9 208.3 -17.4 2.8 7.3 -11.9 1.7

Paper manufacturing......................... 322 0.928 119.6 119.6 6.3 1.8 -0.4 1.9 0.0

Petroleum and coal products

manufacturing............................... 324 3.010 165.9 186.6 74.7 11.1 20.2 -2.9 12.5

Chemical manufacturing..................... 325 12.036 162.2 161.8 9.9 0.9 0.8 0.5 -0.2

Plastics and rubber products

manufacturing............................... 326 2.402 132.3 132.4 7.4 0.3 0.5 1.2 0.1

Nonmetallic mineral product

manufacturing............................... 327 0.897 141.3 141.2 6.0 0.8 0.1 1.1 -0.1

Manufacturing, part 3......................... 33 56.793 114.4 113.9 5.4 0.8 1.4 0.5 -0.4

Primary metal manufacturing................ 331 7.719 267.8 256.8 11.3 3.5 8.0 1.4 -4.1

Fabricated metal product manufacturing... 332 3.122 152.7 153.6 13.5 0.6 2.0 0.3 0.6

Machinery manufacturing.................... 333 6.552 127.0 127.1 4.5 0.4 0.6 0.5 0.1

Computer and electronic product

manufacturing............................... 334 15.342 74.3 74.4 3.0 0.5 0.3 0.4 0.1

Electrical equipment, appliance, and

component manufacturing................. 335 5.143 126.7 126.8 7.1 0.5 0.6 0.6 0.1

Transportation equipment manufacturing... 336 12.451 114.0 114.2 2.4 0.2 0.1 0.1 0.2

Furniture and related product

manufacturing............................... 337 1.743 126.6 126.9 7.9 1.7 0.0 0.2 0.2

Miscellaneous manufacturing............... 339 4.721 127.3 127.2 6.1 0.5 1.4 1.0 -0.1

1 Relative importance figures are based on 2020 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.

Dash = Not available

7
Table 4. U.S. export price indexes and percent changes for selected industries: May 2021 to May 2022

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Apr.

20221

Index Percent change

Apr.

2022

May

2022

Annual Monthly

May

2021 to

May

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

Nonmanufacturing................................ 20.412 235.3 252.3 53.7 9.4 9.1 -0.2 7.2

Agriculture, forestry, fishing and

hunting........................................ 11 6.932 241.2 247.0 18.1 4.9 7.0 0.3 2.4

Crop production............................... 111 6.561 255.6 262.2 18.5 4.9 7.3 0.4 2.6

Mining............................................ 21 13.480 153.4 168.2 80.3 12.0 10.2 -0.4 9.6

Oil and gas extraction (Dec. 2021=100). .. 211 11.852 136.0 151.1 – 13.2 10.1 -1.9 11.1

Mining (except oil and gas).................. 212 1.628 193.0 191.0 78.0 2.3 11.4 12.3 -1.0

Manufacturing..................................... 77.546 138.5 141.3 12.9 1.8 3.1 0.9 2.0

Manufacturing, part 1......................... 31 6.762 175.9 178.9 14.1 1.0 1.7 1.9 1.7

Food manufacturing.......................... 311 5.135 207.9 212.1 17.4 1.0 1.9 2.3 2.0

Beverage and tobacco product

manufacturing............................... 312 0.517 143.3 144.2 2.8 0.9 2.5 0.7 0.6

Manufacturing, part 2......................... 32 27.060 154.1 162.4 25.2 3.9 7.1 1.0 5.4

Wood product manufacturing (Dec.

2017=100)................................... 321 0.502 143.4 143.6 10.6 -0.3 5.3 0.1 0.1

Paper manufacturing......................... 322 1.472 144.3 146.2 9.9 2.0 -0.4 1.7 1.3

Petroleum and coal products

manufacturing............................... 324 8.540 196.6 229.7 93.7 14.3 22.1 -0.5 16.8

Chemical manufacturing..................... 325 13.792 145.0 145.0 3.6 -0.1 1.1 2.0 0.0

Plastics and rubber products

manufacturing............................... 326 1.930 129.8 129.4 9.4 0.4 1.4 0.2 -0.3

Nonmetallic mineral product

manufacturing............................... 327 0.678 134.4 134.7 9.7 6.4 1.6 2.6 0.2

Manufacturing, part 3......................... 33 43.723 127.1 127.0 5.8 0.8 1.0 0.8 -0.1

Primary metal manufacturing................ 331 4.469 237.9 230.8 10.9 2.6 4.6 2.0 -3.0

Fabricated metal product manufacturing... 332 2.362 167.9 171.6 10.3 0.2 0.4 0.4 2.2

Machinery manufacturing.................... 333 7.682 141.3 141.7 6.5 0.4 0.7 1.1 0.3

Computer and electronic product

manufacturing............................... 334 11.389 84.8 84.9 3.5 0.5 0.4 0.5 0.1

Electrical equipment, appliance, and

component manufacturing................. 335 3.020 128.8 129.0 8.3 0.5 -0.5 0.7 0.2

Transportation equipment manufacturing... 336 10.542 136.6 136.8 3.7 0.3 0.5 0.7 0.1

Miscellaneous manufacturing............... 339 3.950 132.2 132.5 8.4 2.3 1.6 0.5 0.2

1 Relative importance figures are based on 2020 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.

Dash = Not available

8
Table 5. U.S. import price indexes and percent changes for selected categories of goods: May 2021 to May

2022

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Apr.

20221

Index Percent change

Apr.

2022

May

2022

Annual Monthly

May

2021 to

May

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

Live animals; animal products................. I 1.558 247.9 246.0 13.4 4.1 1.7 0.6 -0.8

Meat and edible meat offal..................... 02 0.450 346.8 344.6 3.7 4.3 0.8 -2.1 -0.6

Fish and crustaceans, molluscs and other

aquatic invertebrates......................... 03 0.798 172.4 174.3 17.6 3.9 1.2 -0.6 1.1

Vegetable products............................... II 2.218 253.9 256.5 18.0 1.1 -2.2 1.3 1.0

Edible vegetables, roots, and tubers.......... 07 0.427 440.1 467.3 20.2 -8.9 -1.4 1.9 6.2

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.827 129.6 129.2 13.4 5.2 -5.7 0.2 -0.3

Coffee, tea, mate and spices.................. 09 0.442 324.9 319.6 33.9 3.2 0.1 4.3 -1.6

Animal or vegetable fats and oils (Dec.

2009=100)........................................ III 0.458 166.0 157.8 17.0 3.4 5.5 3.0 -4.9

Prepared foodstuffs, beverages, and

tobacco........................................... IV 3.088 186.2 186.0 6.8 0.4 0.9 0.8 -0.1

Sugars and sugar confectionary (Dec.

2021=100)..................................... 17 0.206 105.3 104.0 – -0.1 0.7 2.3 -1.2

Cocoa and cocoa preparations (Dec.

2009=100)..................................... 18 0.193 102.3 102.3 4.1 1.4 -0.6 -0.5 0.0

Beverages, spirits, and vinegar................ 22 1.028 148.0 147.9 2.1 0.3 1.0 0.6 -0.1

Mineral products.................................. V 12.111 390.8 420.0 76.0 10.3 17.8 0.5 7.5

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 11.747 385.6 415.2 77.1 10.7 18.3 0.5 7.7

Products of the chemical or allied

industries........................................ VI 11.154 180.1 179.6 8.5 0.8 0.7 0.4 -0.3

Inorganic chemicals............................. 28 0.743 545.2 554.3 45.7 1.6 0.1 2.4 1.7

Organic chemicals............................... 29 2.598 151.9 152.2 8.4 0.1 0.9 1.2 0.2

Pharmaceutical products....................... 30 5.112 149.7 148.9 -2.4 0.3 0.0 -0.8 -0.5

Miscellaneous chemical products............. 38 0.792 117.6 117.7 6.5 0.9 0.6 0.0 0.1

Plastics and articles thereof; rubber and

articles thereof.................................. VII 3.683 161.4 161.7 5.9 -0.1 0.3 0.8 0.2

Plastics and articles thereof.................... 39 2.574 165.6 165.2 6.0 -0.4 0.3 0.3 -0.2

Rubber and articles thereof.................... 40 1.110 156.0 157.6 5.8 0.6 0.3 2.0 1.0

Articles of leather; travel goods, bags, etc.

of various materials........................... 42 0.405 142.9 142.9 7.5 0.2 0.4 0.9 0.0

Wood, wood charcoal, cork, straw,

basketware and wickerwork................. IX 1.437 305.6 309.3 -15.2 3.3 6.5 -10.8 1.2

Wood and articles of wood; wood charcoal

(Dec. 2019=100).............................. 44 1.415 214.9 217.5 -15.5 3.4 6.7 -11.0 1.2

Woodpulp, recovered paper, and paper

products......................................... X 0.917 126.9 126.8 8.3 3.0 -0.4 1.7 -0.1

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 0.619 118.6 118.5 11.3 5.4 -0.6 1.0 -0.1

Textile and textile articles....................... XI 4.436 119.8 120.3 4.2 0.0 -0.2 0.1 0.4

Articles of apparel and clothing accessories,

not knitted or crocheted...................... 62 1.263 124.5 124.8 2.3 0.2 0.0 0.2 0.2

Made-up or worn textile articles............... 63 1.219 105.7 105.7 3.3 -0.4 -0.7 0.1 0.0

Headgear, umbrellas, artificial flowers,

etc................................................. XII 0.977 126.3 126.4 1.8 0.2 0.2 0.2 0.1

Footwear and parts of such articles........... 64 0.800 123.4 123.5 0.8 0.2 -0.2 0.1 0.1

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.773 134.7 134.2 1.8 0.8 0.1 1.1 -0.4

See footnotes at end of table.

9
Table 5. U.S. import price indexes and percent changes for selected categories of goods: May 2021 to May

2022 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Apr.

20221

Index Percent change

Apr.

2022

May

2022

Annual Monthly

May

2021 to

May

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

Articles of stone, plaster, cement, asbestos,

or mica (Dec. 2020=100).................... 68 0.285 101.3 101.0 1.5 1.0 0.3 0.6 -0.3

Glass and glassware (Dec. 2021=100)....... 70 0.267 102.1 101.9 – 1.2 0.0 1.2 -0.2

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 4.810 252.4 240.1 -5.1 3.3 6.7 -0.6 -4.9

Base metals and articles of base metals. . .. XV 6.428 265.1 262.4 26.6 1.4 6.0 2.5 -1.0

Iron and steel.................................... 72 1.282 371.8 366.2 37.9 -0.7 7.6 9.7 -1.5

Articles of iron or steel.......................... 73 1.851 211.6 212.5 28.6 0.6 2.2 0.5 0.4

Copper and articles thereof.................... 74 0.531 441.8 407.9 -5.8 0.5 4.6 0.7 -7.7

Aluminum and articles thereof................. 76 1.194 222.5 223.3 32.2 4.1 9.1 -1.0 0.4

Tools, implements, cutlery, spoons and

forks, of base metal; parts thereof.......... 82 0.397 129.4 130.9 5.1 0.6 0.3 1.1 1.2

Miscellaneous articles of base metal. . . . . . . .. 83 0.508 151.2 152.3 9.2 0.3 0.3 2.3 0.7

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 27.240 82.8 83.0 4.0 0.4 0.4 0.5 0.2

Machinery and mechanical appliances;

parts thereof................................... 84 14.052 89.6 89.7 4.5 0.5 0.5 0.7 0.1

Electrical machinery and equip, sound and

TV recorders & reproducers, parts......... 85 13.188 76.4 76.6 3.4 0.3 0.4 0.3 0.3

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 10.498 118.4 118.5 2.2 0.2 0.2 0.0 0.1

Motor vehicles and their parts................. 87 9.741 117.6 117.8 2.2 0.3 0.0 0.0 0.2

Aircraft, spacecraft, and parts thereof (Dec.

2020=100)..................................... 88 0.669 103.3 102.9 2.1 0.0 1.1 0.5 -0.4

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 3.656 105.9 105.7 3.2 1.1 0.7 1.0 -0.2

Optical, photographic, measuring and

medical instruments.......................... 90 3.451 101.8 101.6 3.1 1.1 0.8 1.0 -0.2

Miscellaneous manufactured articles......... XX 4.044 118.0 118.0 5.4 0.9 0.4 -0.1 0.0

Furniture & stuffed furnishings; lamps &

lighting fittings, nesoi; prefab bldgs......... 94 2.458 126.3 126.3 6.4 1.3 -0.1 0.1 0.0

Toys, games and sports equipment; parts

and accessories thereof...................... 95 1.335 104.2 104.4 3.3 0.0 1.3 -0.1 0.2

Miscellaneous manufactured articles. . . . . . . .. 96 0.251 136.2 134.9 5.1 2.5 0.0 -0.7 -1.0

1 Relative importance figures are based on 2020 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.

Dash = Not available

10
Table 6. U.S. export price indexes and percent changes for selected categories of goods: May 2021 to May

2022

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Apr.

20221

Index Percent change

Apr.

2022

May

2022

Annual Monthly

May

2021 to

May

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

Live animals; animal products................. I 2.273 290.1 296.9 21.4 1.1 0.6 2.6 2.3

Meat & edible meat offal (Dec. 2006=100)... 02 1.433 234.2 234.8 16.8 1.1 -0.3 2.0 0.3

Vegetable products............................... II 6.386 310.0 319.5 16.1 4.3 8.4 -0.2 3.1

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.904 143.6 145.5 3.5 -3.0 -1.5 1.6 1.3

Cereals............................................ 10 2.072 370.4 386.5 23.3 2.1 16.5 0.8 4.3

Oilseeds and misc. grains, seeds, fruits,

plants, straw and fodder..................... 12 2.874 331.1 338.7 10.1 9.2 7.1 -1.7 2.3

Prepared foodstuffs, beverages, and

tobacco........................................... IV 2.864 182.9 183.1 6.7 0.7 2.3 1.2 0.1

Miscellaneous edible preparations (Dec.

2017=100)..................................... 21 0.551 106.2 107.1 4.4 0.4 -0.2 1.0 0.8

Beverages, spirits, and vinegar (Dec.

2008=100)..................................... 22 0.445 109.6 109.0 -1.4 0.0 0.0 -0.3 -0.5

Residues and waste from the food

industries; prepared animal feed............ 23 0.915 336.3 335.7 8.6 2.2 4.5 3.2 -0.2

Mineral products.................................. V 22.003 395.0 443.8 84.6 12.8 14.5 -0.6 12.4

Ores, slag and ash (Dec. 2012=100)......... 26 0.624 161.1 158.9 24.0 1.5 5.3 4.2 -1.4

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 21.213 381.1 430.0 87.4 13.2 14.9 -0.7 12.8

Products of the chemical or allied

industries........................................ VI 11.153 165.8 165.7 8.2 0.5 0.7 1.9 -0.1

Organic chemicals............................... 29 2.730 201.5 203.9 14.3 1.8 2.5 3.7 1.2

Pharmaceutical products....................... 30 3.009 108.2 107.5 -2.5 -0.6 0.0 0.1 -0.6

Essential oils and resinoids; perfumery

cosmetic or toilet preparations.............. 33 0.753 139.9 140.2 6.1 -0.2 0.6 -0.4 0.2

Soap; lubricants; waxes, polishing or

scouring products; candles, pastes......... 34 0.408 132.3 132.3 4.5 -0.2 0.0 1.2 0.0

Miscellaneous chemical products............. 38 2.102 189.0 188.6 0.1 0.4 -0.6 -0.1 -0.2

Plastics and articles thereof; rubber and

articles thereof.................................. VII 5.031 177.4 177.1 0.5 -0.5 2.4 0.3 -0.2

Plastics and articles thereof.................... 39 4.347 178.4 177.9 -0.7 -0.5 2.8 0.3 -0.3

Rubber and articles thereof.................... 40 0.684 166.0 166.6 8.0 0.1 0.1 0.6 0.4

Wood, wood charcoal, cork, straw, baskets

and wickerwork (Dec. 2014=100)............ IX 0.614 140.9 141.2 12.8 0.9 5.4 0.8 0.2

Woodpulp, recovered paper, and paper

products......................................... X 1.735 151.1 152.8 9.9 2.3 0.1 1.3 1.1

Woodpulp and recovered paper (Dec.

2019=100)..................................... 47 0.646 174.2 178.0 9.8 4.2 1.2 0.0 2.2

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 0.892 143.2 143.5 11.7 1.5 -0.8 2.6 0.2

Textile and textile articles....................... XI 1.648 153.9 155.5 20.8 2.7 -0.2 2.7 1.0

Cotton, including yarns and woven fabrics

thereof.......................................... 52 0.693 201.1 204.1 43.7 5.1 -1.3 6.3 1.5

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.650 146.6 147.0 10.2 7.5 0.7 2.0 0.3

Glass and glassware (Dec. 2019=100)....... 70 0.384 109.7 110.2 10.4 8.8 0.7 1.2 0.5

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 4.079 350.2 339.9 3.5 4.9 6.7 0.8 -2.9

Base metals and articles of base metals. . .. XV 4.738 232.1 226.8 17.0 1.8 2.2 2.8 -2.3

Iron and steel (Dec. 2020=100)............... 72 1.435 197.3 186.3 35.2 2.8 4.1 4.3 -5.6

See footnotes at end of table.

11
Table 6. U.S. export price indexes and percent changes for selected categories of goods: May 2021 to May

2022 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Apr.

20221

Index Percent change

Apr.

2022

May

2022

Annual Monthly

May

2021 to

May

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

Copper and articles thereof.................... 74 0.586 296.3 282.5 1.2 0.8 2.7 1.6 -4.7

Aluminum and articles thereof................. 76 0.882 173.5 165.1 21.6 3.9 3.3 5.9 -4.8

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 22.383 103.6 103.9 5.1 0.5 0.6 0.6 0.3

Machinery and mechanical appliances;

parts thereof................................... 84 12.942 124.2 124.6 5.5 0.5 0.8 0.7 0.3

Electrical machinery and equipment and

parts and accessories thereof............... 85 9.440 81.7 81.7 4.3 0.4 0.1 0.6 0.0

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 7.823 146.0 146.1 4.4 0.2 0.6 0.8 0.1

Motor vehicles and their parts................. 87 5.873 122.7 122.7 4.0 0.1 0.6 0.8 0.0

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 4.911 114.0 114.2 2.9 0.9 0.2 0.7 0.2

Miscellaneous manufactured articles......... XX 1.037 128.8 129.0 9.7 0.0 0.6 3.4 0.2

Furniture; stuffed furnishings; lamps and

lighting fittings nesoi;......................... 94 0.562 151.8 151.8 10.2 -0.1 0.0 6.1 0.0

Toys, games and sports equipment; parts

and accessories thereof...................... 95 0.335 99.3 99.7 10.9 0.0 0.0 0.4 0.4

1 Relative importance figures are based on 2020 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.

Dash = Not available

12
Table 7. U.S. import price indexes and percent changes by locality of origin: May 2021 to May 2022

[2000=100, unless otherwise noted]

Description

Relative

importance

Apr.

20221

Index Percent change

Apr.

2022

May

2022

Annual Monthly

May

2021 to

May

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

Industrialized Countries2

.................... 100.000 156.1 157.3 13.2 2.8 4.2 0.3 0.8

Nonmanufacturing........................... 15.208 354.3 373.8 74.3 11.1 15.3 2.6 5.5

Manufacturing................................ 83.673 140.1 140.2 6.1 1.7 2.3 -0.3 0.1

Canada.......................................... 100.000 210.8 217.6 29.1 5.0 8.5 0.3 3.2

Nonmanufacturing........................... 38.029 354.4 374.6 76.8 11.4 15.6 2.7 5.7

Manufacturing................................ 60.544 173.4 177.0 10.6 1.9 4.3 -1.3 2.1

European Union............................... 100.000 152.5 152.9 5.5 1.4 1.3 0.3 0.3

Manufacturing................................ 98.589 147.7 148.0 5.1 1.3 1.3 0.3 0.2

France (Dec. 2003=100)...................... 100.000 143.2 142.9 6.6 1.9 1.6 0.0 -0.2

Germany (Dec. 2003=100)................... 100.000 122.7 122.0 3.4 0.9 0.8 0.4 -0.6

United Kingdom (Dec. 2003=100).......... 100.000 137.4 138.7 5.5 0.8 3.4 -1.0 0.9

Latin America3

................................. 100.000 174.0 176.2 14.6 1.3 2.4 1.2 1.3

Nonmanufacturing........................... 18.163 378.7 393.3 47.2 4.5 8.0 2.9 3.9

Manufacturing................................ 81.573 136.8 137.7 9.2 0.7 1.3 0.9 0.7

Mexico (Dec. 2003=100)...................... 100.000 143.3 144.6 9.8 1.1 1.4 0.8 0.9

Nonmanufacturing (Dec. 2008=100). . . . .. 12.278 202.3 208.4 43.2 7.2 8.4 4.7 3.0

Manufacturing (Dec. 2008=100)........... 87.460 95.5 96.1 6.3 0.3 0.5 0.3 0.6

Pacific Rim (Dec. 2003=100)4............... 100.000 105.4 105.6 5.4 0.3 1.0 0.3 0.2

China (Dec. 2003=100)....................... 100.000 105.1 105.2 4.6 0.3 0.6 0.3 0.1

Japan............................................ 100.000 100.2 100.1 1.7 0.2 0.5 0.3 -0.1

Taiwan (Dec. 2018=100)...................... 100.000 110.9 111.8 9.3 0.8 1.1 0.3 0.8

Asian NICs5

..................................... 100.000 99.9 101.3 11.6 1.0 2.5 0.1 1.4

ASEAN (Dec. 2003=100)6

.................... 100.000 104.9 106.1 6.5 0.9 1.3 0.7 1.1

Asia Near East (Dec. 2003=100)7

........... 100.000 266.1 274.7 45.0 4.0 12.3 3.5 3.2

1 Relative importance figures are based on 2020 trade values.

2 Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.

3 Mexico, Central America, South America, and the Caribbean.

4 China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized

Countries.

5 Asian Newly Industrialized Countries - Hong Kong, Singapore, South Korea, and Taiwan.

6 Association of Southeast Asian Nations - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.

7 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 3 months after original publication.

Regions are not mutually exclusive.

Dash = Not available

13
Table 8. U.S. export price indexes and percent changes by locality of destination: May 2021 to May 2022

[December 2017=100, unless otherwise noted]

Description

Relative

importance

Apr.

20221

Index Percent change

Apr.

2022

May

2022

Annual Monthly

May

2021 to

May

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

Industrialized Countries2

.................... 100.000 125.4 127.4 15.5 2.2 3.7 0.9 1.6

Nonmanufacturing........................... 17.527 179.3 190.3 54.7 8.5 12.0 0.1 6.1

Manufacturing................................ 80.740 118.4 119.2 9.7 1.1 1.9 1.1 0.7

Canada.......................................... 100.000 130.6 132.9 16.7 2.3 3.1 1.1 1.8

Nonmanufacturing (Dec. 2020=100). . . . .. 13.236 181.4 193.9 51.1 10.2 8.6 0.8 6.9

Manufacturing (Dec. 2020=100)........... 85.308 118.5 119.8 12.8 1.1 2.3 1.2 1.1

European Union............................... 100.000 122.8 125.0 13.2 1.6 4.6 -0.3 1.8

Nonmanufacturing........................... 21.962 175.2 182.8 53.5 6.6 15.4 -1.7 4.3

Manufacturing................................ 76.362 113.2 114.5 5.8 0.3 1.9 0.0 1.1

Germany........................................ 100.000 113.1 113.9 4.4 0.7 1.7 0.7 0.7

Latin America3

................................. 100.000 139.6 148.9 26.2 4.4 5.5 0.4 6.7

Nonmanufacturing........................... 13.009 218.8 248.1 59.7 11.0 2.7 3.5 13.4

Manufacturing................................ 86.467 132.9 140.5 22.2 3.5 6.0 -0.1 5.7

Mexico........................................... 100.000 137.2 143.9 19.2 4.1 3.6 1.2 4.9

Nonmanufacturing........................... 11.252 203.0 240.6 61.6 20.5 -2.9 8.8 18.5

Manufacturing................................ 88.348 132.4 136.7 15.1 2.4 4.3 0.3 3.2

Pacific Rim4.................................... 100.000 123.4 125.2 14.8 2.4 3.6 0.2 1.5

Nonmanufacturing........................... 27.773 160.3 166.9 40.6 6.1 10.3 -2.2 4.1

Manufacturing................................ 69.823 113.8 114.6 8.0 1.0 1.1 1.2 0.7

China............................................ 100.000 122.0 124.5 15.1 2.8 5.1 -0.4 2.0

Nonmanufacturing........................... 36.940 146.8 155.1 28.5 8.3 13.0 -3.2 5.7

Manufacturing................................ 61.344 113.2 113.5 6.0 0.0 0.6 1.3 0.3

Japan............................................ 100.000 127.6 130.8 17.8 2.7 5.0 0.5 2.5

Nonmanufacturing........................... 33.124 177.5 187.3 44.3 7.2 14.9 -2.7 5.5

Manufacturing................................ 65.226 111.5 112.6 9.0 0.4 0.2 2.4 1.0

1 Relative importance figures are based on 2020 trade values.

2 Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.

3 Mexico, Central America, South America, and the Caribbean.

4 China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized

Countries.

NOTES: Data may be revised in each of the 3 months after original publication.

Regions are not mutually exclusive.

Dash = Not available

14
Table 9. U.S. terms of trade indexes and percent changes by locality: May 2021 to May 20221

[December 2017=100, unless otherwise noted]

Description

Index Percent change

Apr.

2022

May

2022

Annual Monthly

May

2021 to

May

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

Industrialized Countries2

............................ 98.3 99.1 2.1 -0.6 -0.5 0.6 0.8

Canada.................................................. 81.4 80.3 -9.6 -2.6 -4.9 0.7 -1.4

European Union...................................... 108.4 110.0 7.2 0.2 3.2 -0.6 1.5

Germany................................................ 106.1 107.5 1.0 -0.2 1.0 0.3 1.3

Latin America3

........................................ 119.5 125.8 10.1 3.1 3.0 -0.7 5.3

Mexico.................................................. 123.5 128.4 8.6 3.0 2.2 0.4 4.0

Pacific Rim4............................................ 115.2 116.7 9.0 2.1 2.7 -0.1 1.3

China.................................................... 116.2 118.5 10.0 2.5 4.5 -0.7 2.0

Japan.................................................... 121.6 124.8 15.9 2.6 4.4 0.2 2.6

1 Terms of trade indexes are derived by dividing the export price index by the corresponding import price index and multiplying by 100.

2 Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.

3 Mexico, Central America, South America, and the Caribbean.

4 China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized

Countries.

NOTES: Data may be revised in each of the 3 months after original publication.

Regions are not mutually exclusive.

Dash = Not available

15
Table 10. U.S. international price indexes and percent changes for selected transportation services: May 2021

to May 2022

[2000=100, unless otherwise noted]

Description

Relative

importance

Apr.

20221

Index Percent change

Apr.

2022

May

2022

Annual Monthly

May

2021 to

May

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

Air Freight

Import Air Freight.................................... 100.000 342.8 356.4 5.0 -8.8 2.7 -4.6 4.0

Europe (Dec. 2003=100).......................... 28.388 321.9 321.0 28.7 1.2 3.5 5.7 -0.3

Asia.................................................. 71.357 326.3 344.8 -2.8 -11.7 2.4 -8.2 5.7

Export Air Freight................................... 100.000 208.1 212.9 26.8 6.3 4.6 0.7 2.3

Europe (Dec. 2006=100).......................... 28.609 173.9 180.2 23.2 9.0 -2.6 5.4 3.6

Asia (Dec. 2011=100).............................. 50.107 163.2 163.6 32.5 6.9 10.6 -2.5 0.2

Inbound Air Freight................................. 100.000 260.4 267.4 4.1 -8.5 0.4 -4.2 2.7

Europe (Dec. 2003=100).......................... 25.513 215.0 216.3 24.1 1.4 7.0 -1.7 0.6

Asia.................................................. 65.134 257.5 269.5 0.4 -11.4 -1.2 -5.9 4.7

Outbound Air Freight............................... 100.000 222.7 218.7 46.6 -8.0 3.2 5.2 -1.8

Europe (Dec. 2003=100).......................... 29.353 208.9 210.2 29.0 13.6 -5.3 14.9 0.6

Asia.................................................. 54.539 250.1 236.9 69.7 -18.9 8.7 2.2 -5.3

Air Passenger Fares

Import Air Passenger Fares....................... 100.000 168.1 173.5 12.2 6.1 8.6 3.6 3.2

Europe............................................... 38.064 185.2 195.7 34.2 2.8 9.3 2.2 5.7

Asia.................................................. 21.235 183.1 198.1 7.5 19.4 7.9 8.4 8.2

Latin America/Caribbean.......................... 12.384 133.6 126.0 8.6 3.6 13.4 7.3 -5.7

Export Air Passenger Fares....................... 100.000 175.8 180.4 14.6 -11.2 7.0 0.1 2.6

Europe............................................... 26.195 205.8 214.6 14.9 -5.8 7.4 -0.7 4.3

Asia.................................................. 23.006 186.2 199.7 20.8 2.2 2.3 -14.5 7.3

Latin America/Caribbean.......................... 31.860 169.6 170.9 23.1 -26.1 12.0 12.5 0.8

1 Relative importance figures are based on 2020 trade values.

NOTES: Data may be revised in each of the 3 months after original publication.

Dash = Not available

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17 

TECHNICAL NOTE

Import and Export Goods and Services Price Indexes - All indexes use a modified Laspeyres 

formula and are not seasonally adjusted. Price indexes are reweighted annually, with a 2-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 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) 

includes outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS 

classification structure also matches the classification system used by the Producer Price Index (PPI) to 

produce the NAICS primary products indexes.

Import Price Goods Indexes - Items are 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 Goods Indexes - Items are 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 - Indexes for import and export air passenger fares calculate changes in the 

average revenue received per passenger by foreign carriers from U.S. residents and by U.S. carriers from 

foreign residents, respectively. Data are obtained from an airline consulting service and report on tickets 

sold by travel agencies, travel websites, and directly by the airlines. Taxes and fees are included in both 

the import and export air passenger fares indexes. Import air passenger fares data have used the airline 

consulting service source since September 2008. Before April 2018, the export air passenger fares data 

were collected directly by BLS from U.S. airlines. The air freight indexes are calculated from data 

collected directly from airlines. 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 represents transactions between U.S. and foreign residents) and 

international (which represents transactions inbound to and outbound from the United States.) Fact 

sheets specifying detailed information for each services industry are available at www.bls.gov/mxp 

under "MXP Publications." 
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Import Price Indexes by Locality of Origin - Prices used in these indexes are a subset of the data 

collected for the import price indexes. The indexes are specific to a country, region, or grouping and, 

beginning with January 2002, are based on the North American Industry Classification System (NAICS) 

covering goods-producing industries. Nonmanufactured goods are defined as NAICS 11 and 21, and 

manufactured goods are defined as NAICS 31-33. 

Export Price Indexes by Locality of Destination - Prices used in these indexes are a subset of the data 

collected for the export price indexes. The indexes are specific to a country, region, or grouping and are 

based on the North American Industry Classification System (NAICS) covering goods-producing 

industries. Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are 

defined as NAICS 31-33. 

Terms of Trade Indexes - Terms of trade indexes measure the relative price of exports in terms of 

import prices for a specific country, region, or grouping. The indexes are calculated as one country, 

region, or grouping’s all-export goods price index divided by the corresponding all-import goods price 

index on a scale of 100. 

 

Relative Importance - A relative importance is a specific index’s price-updated value share (expressed 

as a percentage) of overall imports or exports at a specific point in time. Relative importance values are 

affected by the trade weights at the point indexes are reweighted and index changes relative to other 

indexes since the reweight point. If an index is rising in value relative to other indexes over time, the 

relative importance will increase as well. 

Revision Policy - To reflect the availability of late reports and corrections by respondents, monthly data 

may be revised in each of the 3 months after original publication. After 3 months, no further data 

revisions take place. For example, data first published in the January release will be subject to revision 

in the releases for February, March, and April. 

Rounding Policy - Index values are rounded to the tenth decimal place after being calculated. All 

percent changes are then derived from the rounded index values and subsequently rounded to the tenth 

decimal place. 

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 (NIPA) 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 NIPA, while international indexes are more 

appropriate for market analysis. 

Email Subscription - The U.S. import and export price indexes news release is available through an 

email subscription service at www.bls.gov/bls/list.htm. 

 

Additional Information - More detailed data are available on the Import/Export Price Indexes home 

page at www.bls.gov/mxp. For import and export price indexes data requests, send an email to 

mxpinfo@bls.gov. 

If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access 

telecommunications relay services.