U.S.IMPORT AND EXPORT PRICE INDEXES – FEBRUARY 2024

U.S. import prices rose 0.3 percent in February, after advancing 0.8 percent in January, the U.S. Bureau of 

Labor Statistics reported today. Higher prices for both nonfuel and fuel imports contributed to the overall 

increase. Prices for U.S. exports advanced 0.8 percent in February following a 0.9-percent increase the 

previous month. 

Chart 1. One-month and 12-month percent changes in the Import Price Index: February 2023 – February 2024

Imports 

U.S. import prices increased for the second consecutive month in February, rising 0.3 percent. The February 

and January advances were the first consecutive increases since September and August 2023. Despite the 

recent advances, prices for U.S. imports decreased 0.8 percent over the past year. (See table 1.)

Fuel Imports: Prices for import fuel rose 1.8 percent in February, after advancing 1.2 percent the previous 

month. The February increase was the largest advance since a 6.4-percent rise in September 2023. Higher 

prices for petroleum and natural gas in February each contributed to the overall increase in import fuel 

prices. In spite of the recent advances, import fuel prices fell 4.1 percent over the past year. Import 

petroleum prices increased 1.7 percent in February following a 1.8-percent advance in January. Prices for 

import petroleum fell 1.8 percent for the year ended in February, the smallest 12-month decline since the 

index last rose on an over-the-year basis in December 2022. The price index for import natural gas increased 

6.8 percent in February, after decreases of 12.2 percent in January and 3.6 percent in December. Import 

natural gas prices declined 40.2 percent from February 2023 to February 2024. 

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Feb'23 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb'24

1-month percent change 12-month percent change

Transmission of material in this release is embargoed until

8:30 a.m. (ET) Friday, March 15, 2024 

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

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

USDL-24-0488
2

All Imports Excluding Fuel: The price index for nonfuel imports advanced 0.2 percent in February 

following a 0.7-percent increase the previous month. Prices for nonfuel imports last declined on a monthly 

basis in October 2023. Higher prices for consumer goods; foods, feeds, and beverages; capital goods; and 

automotive vehicles in February more than offset lower prices for nonfuel industrial supplies and materials. 

Despite the recent increases, prices for nonfuel imports declined 0.5 percent over the past 12 months. 

Foods, Feeds, and Beverages: Prices for foods, feeds, and beverages rose 1.1 percent in February, after 

advancing 1.7 percent in January. The February increase was led by higher prices for fish and shellfish, 

meat, and bakery and confectionary products. 

Nonfuel Industrial Supplies and Materials: Nonfuel industrial supplies and materials prices fell 0.5 percent 

in February, the largest 1-month decline since October 2023. The February decrease was driven by lower 

prices for unfinished metals and chemicals. 

Finished Goods: Prices for each of the major finished goods import categories increased in February. 

Consumer goods prices advanced 0.3 percent following a 1.2-percent increase in January. The February rise 

was led by higher prices for nonmanufactured consumer goods. Capital goods prices rose 0.2 percent in 

February, after advancing 0.4 percent the previous month. The February increase was driven by a 3.0-

percent rise in prices for engines for civilian aircraft. The price index for automotive vehicles ticked up 0.1 

percent in February following a 0.7-percent rise in January. 

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: February 2023 – February 2024

Exports 

The price index for U.S. exports increased 0.8 percent in February, after rising 0.9 percent in January. 

Higher nonagricultural and agricultural prices contributed to the February advance. Despite the recent 

increases, U.S. export prices declined 1.8 percent for the year ended in February. That was the smallest 12-

month drop since the index decreased 0.8 percent from February 2022 to February 2023. (See table 2.)

Agricultural Exports: Agricultural export prices advanced 0.8 percent in February following a 1.0-percent 

decrease in January. Higher prices for nuts, fruit, vegetables, and wheat in February more than offset lower 

soybean prices. Prices for agricultural exports declined 8.9 percent over the past 12 months. Lower prices 

for soybeans, corn, and wheat all contributed to the over-the-year drop in agricultural prices. 

All Exports Excluding Agriculture: Prices for nonagricultural exports rose 0.8 percent in February 

following a 1.1-percent advance the previous month. Higher prices for nonagricultural industrial supplies 

and materials, capital goods, and nonagricultural foods in February all contributed to the rise in 

nonagricultural export prices. Prices for nonagricultural exports decreased 1.0 percent for the year ended in 

February, the smallest over-the-year decline since the index last increased on a 12-month basis from January 

2022 to January 2023. 

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

and materials advanced 1.6 percent in February, after increasing 2.2 percent the previous month. The 

February rise was driven by a 2.8-percent advance in fuel prices that followed a 5.4-percent increase in 

January. 

Finished Goods: Prices for the major finished goods export categories were up overall in February. Export 

capital goods prices rose 0.4 percent in February following a 0.8-percent advance in January. The increase 

in February was led by higher prices for industrial and service machinery; computers, peripherals, and 

semiconductors; and telecommunications equipment. The price indexes for consumer goods and automotive 

vehicles were unchanged in February, after consumer goods prices fell 1.2 percent in January and 

automotive vehicles prices rose 0.4 percent. 

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

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

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Feb'23 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb'24

1-month percent change 12-month percent change
4

Measures of Import and Export Prices by Locality

Imports by Locality of Origin: Import prices from China declined 0.2 percent in February following a 0.4-

percent drop the previous month. The price index for imports from China last rose on a monthly basis in 

October 2022. Prices for imports from China decreased 3.1 percent for the year ended in February. Import 

prices from Japan edged down 0.1 percent in February, after increasing 1.1 percent in January. The price 

index for imports from Japan rose 1.5 percent over the past year, the largest 12-month increase since 

February 2023. Prices for imports from Canada advanced 1.2 percent in February, the largest 1-month 

increase since a 1.4-percent rise in September 2023. Import prices from Canada decreased 3.9 percent over 

the past 12 months. The price index for imports from the European Union ticked up 0.1 percent in February 

and prices for imports from Mexico rose 0.5 percent. (See table 7.)

Exports by Locality of Destination: Export prices to China advanced 1.1 percent in February following a 

1.4-percent drop the previous month. The February increase was the largest monthly advance since February 

2023. Despite the February increase, prices for exports to China fell 4.4 percent over the past year. The price 

index for exports to Japan rose 0.5 percent in February, after advancing 0.9 percent in January. In spite of 

the recent increases, export prices to Japan decreased 6.9 percent for the year ended in February. Prices for 

exports to Canada rose 0.3 percent in February, the largest 1-month advance since a 0.6-percent increase in 

September 2023. The price index for exports to Canada declined 0.8 percent over the past year. Export 

prices to the European Union advanced 1.5 percent in February and prices for exports to Mexico rose 0.8 

percent over the same period. (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. U.S. terms of trade with China increased 

1.3 percent in February, the largest monthly advance since February 2023. Higher export prices to China in 

February and lower import prices from China each contributed to the advance. Despite the February rise, the 

index for U.S. terms of trade with China fell 1.4 percent over the past 12 months. U.S. terms of trade with 

Japan advanced 0.6 percent in February, after decreasing 0.2 percent the previous month. The index for U.S. 

terms of trade with Japan declined 8.2 percent from February 2023 to February 2024. U.S. terms of trade 

with Canada fell 0.9 percent in February following a 0.8-percent drop in January. U.S. terms of trade with 

the European Union advanced 1.4 percent in February and the index for U.S. terms of trade with Mexico 

increased 0.3 percent over the same period. (See table 9.)

Import and Export Services

Imports: Import air passenger fares were unchanged in February following a 6.2-percent decrease in 

January and a 6.9-percent increase in December. The index for import air passenger fares advanced 0.5 

percent from February 2023 to February 2024. Import air freight prices decreased 1.3 percent in February, 

after declining 14.8 percent the previous month. Lower Asian air freight prices in February more than offset 

higher prices for European air freight. Prices for import air freight fell 5.9 percent for the year ended in 

February. (See table 10.) 

Exports: Export air passenger fares fell 10.1 percent in February, after increasing 10.8 percent the previous 

month. The February decline was the largest monthly drop since a 13.7-percent decrease in February 2023. 

Lower Latin American/Caribbean, Asian, and European fares in February all contributed to the overall 

decline. The index for export air passenger fares fell 2.7 percent for the year ended in February. Export air 

freight prices rose 1.9 percent in February following a 2.5-percent advance in January. Despite the recent

increases, prices for export air freight declined 9.5 percent over the past 12 months. 

 

U.S. Import and Export Price Index data for March 2024 are scheduled for release on Friday, April

12, 2024, at 8:30 a.m. (ET). 
Table 1. U.S. import price indexes and percent changes for selected categories of goods: February 2023 to

February 2024

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Jan.

20241

Index Percent change

Jan.

2024

Feb.

2024

Annual Monthly

Feb.

2023 to

Feb.

2024

Oct.

2023 to

Nov.

2023

Nov.

2023 to

Dec.

2023

Dec.

2023 to

Jan.

2024

Jan.

2024 to

Feb.

2024

All commodities................................... 100.000 139.5 139.9 -0.8 -0.5 -0.7 0.8 0.3

All imports excluding food and fuels (Dec.

2010=100)........................................ 84.854 108.1 108.2 -0.7 0.1 0.0 0.7 0.1

All imports excluding petroleum.............. 92.614 123.9 124.1 -0.8 0.2 0.0 0.6 0.2

All imports excluding fuels (Dec.

2001=100)........................................ 92.103 127.8 128.0 -0.5 0.1 0.1 0.7 0.2

Foods, feeds, & beverages................... 0 7.249 218.5 220.9 2.9 1.0 -0.1 1.7 1.1

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 5.945 247.3 249.0 5.4 1.7 0.2 2.0 0.7

Nonagricultural foods (fish, distilled

beverages).................................. 01 1.304 148.5 153.0 -6.8 -2.1 -1.5 0.4 3.0

Industrial supplies & materials.............. 1 22.605 236.0 236.8 -5.4 -2.3 -2.7 0.5 0.3

Industrial supplies & materials excluding

petroleum.................................... 15.247 198.1 197.5 -7.3 0.8 0.4 -0.2 -0.3

Industrial supplies & materials excluding

fuels (Dec. 2001=100)..................... 14.695 221.4 220.4 -6.1 0.3 0.5 0.0 -0.5

Industrial supplies & materials, durable. . .. 9.343 214.6 213.4 -7.0 0.4 0.4 0.1 -0.6

Industrial supplies & materials nondurable

excluding petroleum....................... 5.875 179.6 179.7 -7.6 1.6 0.3 -0.5 0.1

Fuels & lubricants............................. 10 7.897 267.8 272.6 -4.1 -6.3 -8.0 1.2 1.8

Petroleum & petroleum products......... 100 7.386 286.6 291.5 -1.8 -7.5 -8.4 1.8 1.7

Crude petroleum........................... 10000 4.969 290.0 300.7 3.9 -9.2 -10.3 0.8 3.7

Fuels, n.e.s.-coals & gas.................. 101 0.353 167.2 174.6 -34.7 21.0 -2.9 -9.1 4.4

Natural gas.................................. 10110 0.253 144.7 154.6 -40.2 30.4 -3.6 -12.2 6.8

Paper & paper base stocks.................. 11 0.542 140.2 138.2 -5.9 1.3 -0.2 -0.1 -1.4

Materials associated with nondurable

supplies & materials....................... 12 4.823 194.5 194.3 -4.5 -0.1 0.7 0.0 -0.1

Unfinished metals related to durable

goods........................................ 14 3.432 315.8 310.4 -11.8 1.2 0.4 1.1 -1.7

Finished metals related to durable

goods........................................ 15 2.573 214.5 212.9 -2.2 1.2 1.5 -1.6 -0.7

Capital goods................................... 2 28.829 93.5 93.7 -0.1 0.0 -0.1 0.4 0.2

Nonelectrical machinery...................... 21 22.779 84.1 84.1 -0.8 -0.1 -0.1 0.1 0.0

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 1.638 155.5 157.5 5.1 -0.1 0.1 1.6 1.3

Automotive vehicles, parts & engines..... 3 13.645 119.9 120.0 2.0 -0.1 0.0 0.7 0.1

Automotive vehicles, parts and engines, 2

digit (Dec. 2023=100)...................... 30 13.645 100.8 100.8 – – – 0.8 0.0

Consumer goods, excluding

automotives.................................. 4 27.673 110.7 111.0 0.5 0.0 -0.1 1.2 0.3

Nondurables, manufactured................. 40 13.884 127.9 128.0 2.2 0.2 0.0 2.1 0.1

Durables, manufactured...................... 41 12.806 94.6 94.6 -1.1 -0.2 -0.1 0.2 0.0

Nonmanufactured consumer goods. . . . . . .. 42 0.983 123.8 132.8 -0.8 0.5 0.3 -0.2 7.3

1 Relative importance figures are based on 2022 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: February 2023 to

February 2024

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Jan.

20241

Index Percent change

Jan.

2024

Feb.

2024

Annual Monthly

Feb.

2023 to

Feb.

2024

Oct.

2023 to

Nov.

2023

Nov.

2023 to

Dec.

2023

Dec.

2023 to

Jan.

2024

Jan.

2024 to

Feb.

2024

All commodities................................... 100.000 147.8 149.0 -1.8 -0.7 -0.7 0.9 0.8

Agricultural commodities....................... 9.520 228.5 230.3 -8.9 0.0 -0.2 -1.0 0.8

All exports excluding food and fuels (Dec.

2010=100)........................................ 74.864 114.3 114.7 -0.2 0.2 0.3 0.1 0.3

All exports excluding fuels (June

2022=100)........................................ 83.587 98.9 99.3 -0.8 0.1 0.2 0.0 0.4

Nonagricultural commodities.................. 90.480 141.5 142.6 -1.0 -0.8 -0.7 1.1 0.8

Foods, feeds, & beverages................... 0 8.724 230.1 231.6 -9.5 0.0 0.1 -1.0 0.7

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 8.344 232.4 233.9 -9.2 0.0 0.0 -1.1 0.6

Nonagricultural foods (fish, distilled

beverages).................................. 01 0.380 188.0 189.5 -14.3 0.2 0.5 0.6 0.8

Industrial supplies & materials.............. 1 38.074 197.4 200.6 -4.1 -1.9 -2.0 2.1 1.6

Industrial supplies & materials, durable. . .. 10.839 210.4 210.8 -2.6 1.1 1.1 0.0 0.2

Industrial supplies & materials,

nondurable.................................. 27.235 189.7 194.0 -4.6 -3.0 -3.2 2.9 2.3

Agricultural industrial supplies &

materials..................................... 10 1.176 211.5 216.0 -6.0 -0.3 -1.8 -1.1 2.1

Nonagricultural industrial supplies &

materials..................................... 36.898 197.0 200.2 -4.0 -1.9 -2.0 2.2 1.6

Fuels & lubricants............................. 11 16.413 239.8 246.6 -4.4 -5.0 -5.1 5.4 2.8

Nonagricultural supplies & materials

excluding fuels & building materials. . . .. 12 19.740 190.9 192.2 -3.7 0.7 0.6 -0.2 0.7

Selected building materials.................. 13 0.746 147.6 147.2 -2.5 0.1 0.3 -1.9 -0.3

Capital goods................................... 2 31.759 122.5 123.0 2.2 -0.1 0.1 0.8 0.4

Nonelectrical machinery...................... 21 22.599 102.1 102.6 1.5 -0.1 0.0 0.4 0.5

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 5.679 219.6 220.4 7.8 0.2 0.2 3.3 0.4

Automotive vehicles, parts & engines..... 3 8.638 127.4 127.4 2.8 0.3 0.3 0.4 0.0

Vehicles-passenger (Dec. 2023=100)...... 30 8.638 100.4 100.4 – – – 0.4 0.0

Consumer goods, excluding

automotives.................................. 4 12.804 117.4 117.4 -1.1 -0.2 0.3 -1.2 0.0

Nondurables, manufactured................. 40 6.796 107.5 107.3 -2.6 -0.3 0.2 -2.3 -0.2

Durables, manufactured...................... 41 4.845 119.9 120.0 1.6 -0.1 0.4 0.2 0.1

Nonmanufactured consumer goods (Dec.

2018=100)................................... 42 1.163 127.1 127.1 -3.5 0.0 -0.1 0.0 0.0

1 Relative importance figures are based on 2022 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: February 2023 to February

2024

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Jan.

20241

Index Percent change

Jan.

2024

Feb.

2024

Annual Monthly

Feb.

2023 to

Feb.

2024

Oct.

2023 to

Nov.

2023

Nov.

2023 to

Dec.

2023

Dec.

2023 to

Jan.

2024

Jan.

2024 to

Feb.

2024

Nonmanufacturing................................ 7.857 145.1 151.2 2.4 -4.6 -6.7 0.9 4.2

Agriculture, forestry, fishing and

hunting........................................ 11 2.256 238.9 249.8 10.5 3.1 0.4 3.7 4.6

Crop production............................... 111 1.880 255.4 265.7 12.3 4.3 0.5 4.6 4.0

Animal production (Dec. 2022=100)........ 112 0.219 108.2 120.4 3.1 -2.1 0.4 -2.0 11.3

Mining............................................ 21 5.601 134.5 139.9 -0.6 -7.1 -9.3 -0.1 4.0

Oil and gas extraction........................ 211 5.369 132.9 138.3 0.0 -7.3 -9.7 0.1 4.1

Mining (except oil and gas) (Dec.

2022=100)................................... 212 0.232 104.3 107.2 -12.3 -2.5 -1.2 -5.1 2.8

Manufacturing..................................... 91.814 121.8 121.7 -1.2 -0.2 -0.2 0.7 -0.1

Manufacturing, part 1......................... 31 11.885 137.8 138.8 -0.2 -0.1 0.1 0.0 0.7

Food manufacturing.......................... 311 4.236 184.2 187.3 -1.0 -0.2 -0.1 0.1 1.7

Beverage and tobacco product

manufacturing............................... 312 1.176 141.4 141.6 2.3 0.1 0.4 -0.1 0.1

Textile mills (Dec. 2023=100)............... 313 0.321 100.1 100.7 – – – 0.1 0.6

Textile product mills (Dec. 2023=100). . . .. 314 0.901 100.1 100.2 – – – 0.1 0.1

Apparel manufacturing....................... 315 3.547 119.1 119.2 -0.2 0.0 0.1 0.3 0.1

Manufacturing, part 2......................... 32 19.135 142.1 141.4 -3.0 -0.9 -0.7 1.6 -0.5

Paper manufacturing......................... 322 1.017 122.4 121.0 -4.2 0.9 -0.3 -0.1 -1.1

Printing and related support activities

(Dec. 2023=100)........................... 323 0.147 100.0 99.8 – – – 0.0 -0.2

Petroleum and coal products

manufacturing............................... 324 2.205 132.3 127.3 -12.3 -4.7 -5.2 4.1 -3.8

Chemical manufacturing..................... 325 11.257 152.1 151.9 -0.9 -0.1 0.2 1.8 -0.1

Plastics and rubber products

manufacturing............................... 326 2.546 130.5 131.2 -1.6 -0.3 -0.5 -0.2 0.5

Nonmetallic mineral product

manufacturing............................... 327 1.114 145.7 145.8 1.6 -0.1 0.1 0.7 0.1

Manufacturing, part 3......................... 33 60.795 112.5 112.5 -0.8 0.0 0.0 0.4 0.0

Primary metal manufacturing................ 331 4.641 219.4 215.8 -9.1 1.8 0.6 0.8 -1.6

Fabricated metal product manufacturing... 332 3.200 144.8 144.7 -3.1 -0.5 0.4 -1.2 -0.1

Machinery manufacturing.................... 333 8.039 131.9 132.3 1.1 0.0 0.0 0.2 0.3

Computer and electronic product

manufacturing............................... 334 16.645 72.2 72.2 -2.2 0.0 0.0 0.0 0.0

Electrical equipment, appliance, and

component manufacturing................. 335 6.405 127.0 127.4 0.2 -0.6 -0.2 0.8 0.3

Transportation equipment manufacturing... 336 14.061 119.1 119.3 2.3 -0.1 0.0 0.9 0.2

Furniture and related product

manufacturing............................... 337 1.882 128.3 128.0 -0.8 -0.3 -1.1 0.8 -0.2

Miscellaneous manufacturing............... 339 5.922 128.9 128.8 1.1 0.1 0.1 0.7 -0.1

1 Relative importance figures are based on 2022 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: February 2023 to February

2024

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Jan.

20241

Index Percent change

Jan.

2024

Feb.

2024

Annual Monthly

Feb.

2023 to

Feb.

2024

Oct.

2023 to

Nov.

2023

Nov.

2023 to

Dec.

2023

Dec.

2023 to

Jan.

2024

Jan.

2024 to

Feb.

2024

Nonmanufacturing................................ 14.845 176.2 179.6 -5.7 -2.5 -1.6 3.8 1.9

Agriculture, forestry, fishing and

hunting........................................ 11 4.574 186.7 188.3 -15.6 0.3 0.5 -2.3 0.9

Crop production............................... 111 4.279 196.6 198.1 -16.6 0.4 0.6 -2.6 0.8

Mining............................................ 21 10.271 112.2 114.8 -0.4 -3.9 -2.8 6.9 2.3

Oil and gas extraction (Dec. 2021=100). .. 211 8.923 99.8 102.7 1.6 -5.0 -2.9 7.7 2.9

Mining (except oil and gas).................. 212 1.348 137.0 134.9 -12.0 2.9 -2.0 2.2 -1.5

Manufacturing..................................... 83.501 133.1 133.9 -1.0 -0.4 -0.6 0.2 0.6

Manufacturing, part 1......................... 31 6.488 171.5 172.0 -2.7 -0.2 -0.2 -0.1 0.3

Food manufacturing.......................... 311 4.679 202.4 202.9 -2.8 -0.5 -0.2 0.0 0.2

Beverage and tobacco product

manufacturing............................... 312 0.537 142.5 141.8 -5.1 1.3 0.4 -0.6 -0.5

Manufacturing, part 2......................... 32 25.278 131.8 133.7 -4.9 -1.8 -2.3 -0.4 1.4

Wood product manufacturing (Dec.

2017=100)................................... 321 0.427 118.3 117.7 -0.3 0.5 0.4 0.8 -0.5

Petroleum and coal products

manufacturing............................... 324 5.758 140.1 146.2 -10.4 -6.5 -9.2 2.3 4.4

Chemical manufacturing..................... 325 14.438 129.6 130.6 -3.0 -0.1 -0.2 -1.5 0.8

Plastics and rubber products

manufacturing............................... 326 2.258 134.9 135.4 1.6 -0.1 0.1 0.5 0.4

Nonmetallic mineral product

manufacturing............................... 327 0.739 132.2 131.8 0.8 -0.2 0.1 -0.5 -0.3

Manufacturing, part 3......................... 33 51.734 129.9 130.1 1.2 0.2 0.2 0.5 0.2

Primary metal manufacturing................ 331 4.361 197.9 196.0 -6.7 3.1 0.9 -0.5 -1.0

Machinery manufacturing.................... 333 9.516 150.9 151.5 2.6 -0.1 0.0 0.4 0.4

Computer and electronic product

manufacturing............................... 334 12.606 83.0 83.3 -0.5 -0.2 0.0 0.1 0.4

Transportation equipment manufacturing... 336 13.375 148.9 149.2 4.9 0.3 0.3 1.6 0.2

Furniture and related product

manufacturing (Dec. 2023=100).......... 337 0.354 101.8 101.8 – – – 1.8 0.0

Miscellaneous manufacturing............... 339 5.046 140.4 140.8 3.1 0.1 0.6 0.9 0.3

1 Relative importance figures are based on 2022 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: February 2023 to

February 2024

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jan.

20241

Index Percent change

Jan.

2024

Feb.

2024

Annual Monthly

Feb.

2023 to

Feb.

2024

Oct.

2023 to

Nov.

2023

Nov.

2023 to

Dec.

2023

Dec.

2023 to

Jan.

2024

Jan.

2024 to

Feb.

2024

Live animals; animal products................. I 1.408 225.2 237.4 -0.3 -2.7 -0.6 1.5 5.4

Meat and edible meat offal..................... 02 0.462 322.1 336.3 13.0 -2.6 1.1 1.5 4.4

Fish and crustaceans, molluscs and other

aquatic invertebrates......................... 03 0.755 140.1 148.8 -8.9 -3.4 -2.6 3.2 6.2

Vegetable products............................... II 2.300 275.4 273.0 4.4 3.0 0.5 4.8 -0.9

Edible vegetables, roots, and tubers.......... 07 0.604 577.5 505.9 6.3 3.6 -1.2 7.5 -12.4

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.927 149.5 146.2 11.3 5.0 0.8 11.6 -2.2

Coffee, tea, mate and spices.................. 09 0.387 290.7 294.4 -3.3 2.7 3.6 -5.6 1.3

Animal or vegetable fats and oils (Dec.

2009=100)........................................ III 0.441 145.0 145.7 -3.3 -0.3 0.8 -2.4 0.5

Animal or vegetable fats and oils and their

cleavage products; prepared (Dec.

2023=100)..................................... 15 0.441 97.6 98.1 – – – -2.4 0.5

Prepared foodstuffs, beverages, and

tobacco........................................... IV 3.459 198.4 200.5 3.4 0.8 0.3 -0.2 1.1

Sugars and sugar confectionary (Dec.

2021=100)..................................... 17 0.239 123.7 123.3 10.3 0.3 0.7 1.7 -0.3

Cocoa and cocoa preparations (Dec.

2009=100)..................................... 18 0.275 141.5 159.2 40.5 2.8 3.6 4.4 12.5

Preparations of cereals, flour, starch or milk;

bakers’ wares (Dec. 2023=100)............. 19 0.497 100.2 100.2 – – – 0.2 0.0

Miscellaneous edible preparations (Dec.

2022=100)..................................... 21 0.423 99.6 99.2 -0.8 0.9 0.6 -0.8 -0.4

Beverages, spirits, and vinegar................ 22 1.113 154.1 154.4 1.8 -0.2 0.3 -0.4 0.2

Mineral products.................................. V 7.937 274.8 279.7 -4.3 -6.2 -7.9 1.2 1.8

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 7.638 268.1 272.8 -4.0 -6.4 -8.2 1.4 1.8

Products of the chemical or allied

industries........................................ VI 10.882 173.8 173.9 -0.8 0.0 0.1 1.6 0.1

Organic chemicals............................... 29 2.271 137.5 137.7 -7.1 -0.3 -0.7 -3.6 0.1

Pharmaceutical products....................... 30 5.713 154.9 155.4 5.1 0.3 0.1 4.8 0.3

Fertilizers (Dec. 2022=100).................... 31 0.220 61.8 60.0 -27.6 -3.3 1.3 -0.6 -2.9

Tanning extracts; dye, pigments, varnish,

paints & putty (Dec. 2022=100)............. 32 0.200 101.4 100.9 -2.2 -1.0 0.2 0.1 -0.5

Miscellaneous chemical products............. 38 0.938 116.8 116.8 -5.0 -0.9 -0.2 0.1 0.0

Plastics and articles thereof; rubber and

articles thereof.................................. VII 3.773 153.5 153.8 -1.9 -0.3 -0.4 0.1 0.2

Plastics and articles thereof.................... 39 2.520 150.8 151.2 -3.5 -0.2 -0.8 0.3 0.3

Rubber and articles thereof.................... 40 1.253 161.7 162.0 1.2 -0.2 0.3 -0.4 0.2

Printed matter (Dec. 2023=100)............... 49 0.170 100.0 100.0 – – – 0.0 0.0

Textile and textile articles....................... XI 4.565 120.6 120.7 -0.1 0.0 0.1 0.2 0.1

Articles of apparel and clothing accessories,

knitted or crocheted (Dec. 2023=100). . . .. 61 1.958 100.4 100.4 – – – 0.4 0.0

Articles of apparel and clothing accessories,

not knitted or crocheted...................... 62 1.422 126.7 126.8 -0.5 0.0 0.0 0.1 0.1

Made-up or worn textile articles (Dec.

2023=100)..................................... 63 0.623 99.6 99.6 – – – -0.4 0.0

Headgear, umbrellas, artificial flowers,

etc................................................. XII 1.459 126.6 126.6 0.3 0.1 -0.2 -0.2 0.0

Footwear and parts of such articles........... 64 1.194 123.6 123.7 0.7 0.2 -0.3 -0.1 0.1

See footnotes at end of table.

9
Table 5. U.S. import price indexes and percent changes for selected categories of goods: February 2023 to

February 2024 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jan.

20241

Index Percent change

Jan.

2024

Feb.

2024

Annual Monthly

Feb.

2023 to

Feb.

2024

Oct.

2023 to

Nov.

2023

Nov.

2023 to

Dec.

2023

Dec.

2023 to

Jan.

2024

Jan.

2024 to

Feb.

2024

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.949 137.6 137.6 1.3 -0.2 0.0 0.6 0.0

Articles of stone, plaster, cement, asbestos,

or mica (Dec. 2020=100).................... 68 0.330 101.1 101.1 -1.2 -0.2 -0.2 -0.2 0.0

Glass and glassware (Dec. 2021=100)....... 70 0.344 109.6 109.6 5.8 -0.1 0.2 1.7 0.0

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 3.056 225.4 223.2 -6.5 2.8 0.7 0.2 -1.0

Pearls, precious stones, precious metals

jewelry, coin (Dec. 2023=100).............. 71 3.056 100.2 99.2 – – – 0.2 -1.0

Base metals and articles of base metals. . .. XV 5.862 227.2 225.6 -6.0 -0.4 0.4 0.0 -0.7

Articles of iron or steel.......................... 73 1.755 194.0 193.3 -6.4 -0.7 0.0 -0.2 -0.4

Copper and articles thereof.................... 74 0.496 380.0 370.1 -6.4 1.7 2.6 1.3 -2.6

Aluminum and articles thereof................. 76 1.043 183.4 181.5 -8.6 -0.6 1.1 -2.1 -1.0

Tools, implements, cutlery, spoons and

forks, of base metal; parts thereof.......... 82 0.414 133.0 133.8 1.6 -0.1 0.2 0.5 0.6

Miscellaneous articles of base metal. . . . . . . .. 83 0.513 142.9 142.8 -5.3 -0.5 -0.1 -0.4 -0.1

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 30.721 82.4 82.5 -0.6 -0.1 -0.1 0.4 0.1

Machinery and mechanical appliances;

parts thereof................................... 84 15.381 89.6 89.9 -0.3 -0.2 -0.1 0.4 0.3

Electrical machinery and equip, sound and

TV recorders & reproducers, parts......... 85 15.340 75.6 75.6 -0.9 0.0 -0.1 0.3 0.0

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 11.855 123.5 123.5 1.6 0.0 -0.1 0.7 0.0

Motor vehicles and their parts................. 87 11.089 122.6 122.7 1.7 0.0 -0.1 0.7 0.1

Aircraft, spacecraft, and parts thereof (Dec.

2020=100)..................................... 88 0.624 107.3 106.9 -1.0 0.0 0.0 0.1 -0.4

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 4.182 109.8 109.8 3.0 -0.1 0.5 0.9 0.0

Optical, photographic, measuring and

medical instruments.......................... 90 3.934 105.2 105.1 2.7 0.0 0.5 0.8 -0.1

Miscellaneous manufactured articles......... XX 4.600 120.3 120.2 0.0 -0.2 -0.3 0.7 -0.1

Furniture & stuffed furnishings; lamps &

lighting fittings, nesoi; prefab bldgs......... 94 2.558 127.1 126.9 -0.8 -0.5 -0.3 0.6 -0.2

Toys, games and sports equipment; parts

and accessories thereof...................... 95 1.729 106.9 107.0 0.6 -0.1 0.0 0.5 0.1

Miscellaneous manufactured articles. . . . . . . .. 96 0.313 151.4 151.4 3.4 0.0 0.0 2.6 0.0

1 Relative importance figures are based on 2022 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: February 2023 to

February 2024

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jan.

20241

Index Percent change

Jan.

2024

Feb.

2024

Annual Monthly

Feb.

2023 to

Feb.

2024

Oct.

2023 to

Nov.

2023

Nov.

2023 to

Dec.

2023

Dec.

2023 to

Jan.

2024

Jan.

2024 to

Feb.

2024

Live animals; animal products................. I 1.918 258.4 260.0 -3.7 -1.2 -0.3 0.0 0.6

Meat & edible meat offal (Dec. 2006=100)... 02 1.238 223.6 224.7 8.1 -1.7 0.1 1.4 0.5

Vegetable products............................... II 4.184 243.8 244.6 -17.3 -0.1 0.9 -2.6 0.3

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.836 144.7 152.0 10.9 5.6 4.0 -1.4 5.0

Cereals............................................ 10 1.179 237.7 240.0 -28.8 -3.2 -2.0 -2.9 1.0

Oilseeds and misc. grains, seeds, fruits,

plants, straw and fodder..................... 12 1.782 259.5 249.7 -21.8 1.5 -0.6 -2.3 -3.8

Prepared foodstuffs, beverages, and

tobacco........................................... IV 3.001 188.2 187.7 -0.6 0.6 0.6 0.2 -0.3

Preparations of cereals, flour, starch or milk;

bakers’ wares (Dec. 2023=100)............. 19 0.297 100.0 100.3 – – – 0.0 0.3

Miscellaneous edible preparations (Dec.

2017=100)..................................... 21 0.653 123.0 123.1 5.5 -1.4 2.7 3.2 0.1

Residues and waste from the food

industries; prepared animal feed............ 23 0.710 295.4 292.7 -10.5 3.3 0.6 -2.2 -0.9

Mineral products.................................. V 16.077 287.2 295.9 -4.2 -4.9 -5.3 5.2 3.0

Ores, slag and ash (Dec. 2012=100)......... 26 0.401 119.1 117.7 -17.7 -1.6 -1.1 -1.8 -1.2

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 15.482 275.6 284.4 -3.8 -5.1 -5.6 5.5 3.2

Products of the chemical or allied

industries........................................ VI 12.381 156.2 157.3 -4.1 -0.6 -0.3 -1.7 0.7

Pharmaceutical products....................... 30 4.368 103.5 103.6 -3.4 -0.1 0.1 -3.9 0.1

Essential oils and resinoids; perfumery

cosmetic or toilet preparations.............. 33 0.824 149.3 145.0 -1.6 0.0 -0.3 0.9 -2.9

Miscellaneous chemical products............. 38 2.257 189.3 189.8 -0.1 -0.3 0.1 -1.5 0.3

Rubber and articles thereof.................... 40 0.840 174.5 191.4 13.4 -0.2 0.4 0.6 9.7

Wood, wood charcoal, cork, straw, baskets

and wickerwork (Dec. 2014=100)............ IX 0.468 108.3 108.2 -4.0 0.4 0.6 1.0 -0.1

Wood and articles of wood; wood charcoal

(Dec. 2023=100).............................. 44 0.468 101.0 100.9 – – – 1.0 -0.1

Woodpulp and recovered paper (Dec.

2019=100)..................................... 47 0.531 159.1 159.9 -11.0 0.5 4.4 1.1 0.5

Cotton, including yarns and woven fabrics

thereof.......................................... 52 0.574 153.5 161.9 -5.3 -1.3 -2.9 -1.9 5.5

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.752 154.0 153.7 5.3 -0.1 0.1 1.3 -0.2

Glass and glassware (Dec. 2019=100)....... 70 0.432 114.3 114.3 3.7 0.0 0.3 -0.5 0.0

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 4.835 314.2 310.9 -4.2 4.0 1.2 0.6 -1.1

Pearls, precious stones, precious metals;

jewelry, coin (Dec. 2023=100).............. 71 4.835 100.6 99.6 – – – 0.6 -1.0

Base metals and articles of base metals. . .. XV 4.435 208.2 209.6 -1.5 -1.4 1.9 -0.3 0.7

Copper and articles thereof.................... 74 0.536 258.0 260.1 -7.6 -0.5 2.6 0.7 0.8

Aluminum and articles thereof................. 76 0.707 145.5 146.2 -3.0 0.0 0.7 0.7 0.5

Miscellaneous articles of base metal (Dec.

2022=100)..................................... 83 0.329 103.1 105.2 6.6 0.0 -0.1 -1.5 2.0

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 26.427 107.5 108.1 1.9 -0.1 0.0 0.9 0.6

Machinery and mechanical appliances;

parts thereof................................... 84 15.701 132.8 133.6 4.0 -0.1 -0.1 1.5 0.6

See footnotes at end of table.

11
Table 6. U.S. export price indexes and percent changes for selected categories of goods: February 2023 to

February 2024 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jan.

20241

Index Percent change

Jan.

2024

Feb.

2024

Annual Monthly

Feb.

2023 to

Feb.

2024

Oct.

2023 to

Nov.

2023

Nov.

2023 to

Dec.

2023

Dec.

2023 to

Jan.

2024

Jan.

2024 to

Feb.

2024

Electrical machinery and equipment and

parts and accessories thereof............... 85 10.726 81.3 81.7 -1.1 -0.1 0.0 0.1 0.5

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 9.751 154.2 154.3 2.9 0.3 0.3 0.4 0.1

Motor vehicles and their parts................. 87 7.283 128.9 128.9 3.0 0.4 0.4 0.4 0.0

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 5.811 119.6 119.6 3.9 0.1 0.3 0.7 0.0

Optical, photographic, measuring and

medical instruments (Dec. 2023=100). . . .. 90 5.759 100.7 100.7 – – – 0.7 0.0

Miscellaneous manufactured articles......... XX 1.165 135.5 135.6 -0.7 -0.5 0.1 0.7 0.1

Furniture; stuffed furnishings; lamps and

lighting fittings nesoi.......................... 94 0.578 149.7 149.7 0.1 0.0 0.0 1.3 0.0

Toys, games and sports equipment; parts

and accessories thereof...................... 95 0.451 118.7 118.8 0.8 -0.1 0.6 0.1 0.1

1 Relative importance figures are based on 2022 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: February 2023 to February 2024

[2000=100, unless otherwise noted]

Description

Relative

importance

Jan.

20241

Index Percent change

Jan.

2024

Feb.

2024

Annual Monthly

Feb.

2023 to

Feb.

2024

Oct.

2023 to

Nov.

2023

Nov.

2023 to

Dec.

2023

Dec.

2023 to

Jan.

2024

Jan.

2024 to

Feb.

2024

Industrialized Countries2

.................... 100.000 143.9 144.6 -0.3 -1.1 -1.2 0.8 0.5

Nonmanufacturing........................... 9.819 226.6 236.0 -1.4 -7.3 -11.1 0.5 4.1

Manufacturing................................ 89.785 137.0 137.0 -0.1 -0.1 0.1 0.9 0.0

Canada.......................................... 100.000 165.5 167.5 -3.9 -3.3 -4.0 0.2 1.2

Nonmanufacturing........................... 29.706 221.1 230.2 -2.0 -7.5 -11.8 0.5 4.1

Manufacturing................................ 69.396 154.4 154.2 -4.8 -1.0 -0.3 0.1 -0.1

European Union............................... 100.000 157.6 157.7 1.6 -0.2 0.4 1.3 0.1

Manufacturing................................ 99.320 153.2 153.4 1.7 -0.2 0.4 1.3 0.1

France (Dec. 2003=100)...................... 100.000 157.4 157.6 7.9 -0.1 0.3 4.4 0.1

Germany (Dec. 2003=100)................... 100.000 123.8 124.2 -1.7 0.1 0.4 0.1 0.3

United Kingdom (Dec. 2003=100).......... 100.000 137.2 139.2 2.5 -0.3 0.0 0.4 1.5

Latin America3

................................. 100.000 171.8 173.5 2.6 -0.1 -0.2 1.1 1.0

Nonmanufacturing........................... 13.805 338.4 354.1 11.1 -1.6 -2.6 2.1 4.6

Manufacturing................................ 85.942 138.3 138.8 1.3 0.2 0.2 0.9 0.4

Mexico (Dec. 2003=100)...................... 100.000 145.9 146.7 3.5 -0.1 -0.4 1.2 0.5

Nonmanufacturing (Dec. 2008=100). . . . .. 8.691 177.9 186.9 22.6 -2.9 -4.5 6.5 5.1

Manufacturing (Dec. 2008=100)........... 91.061 99.4 99.5 1.7 0.1 0.0 0.8 0.1

Pacific Rim (Dec. 2003=100)4............... 100.000 102.2 102.1 -1.8 -0.2 -0.3 0.1 -0.1

China (Dec. 2003=100)....................... 100.000 100.6 100.4 -3.1 -0.3 -0.1 -0.4 -0.2

Japan............................................ 100.000 102.6 102.5 1.5 0.1 -0.1 1.1 -0.1

Taiwan (Dec. 2018=100)...................... 100.000 108.5 108.5 -2.3 -0.3 0.0 -0.5 0.0

Asian NICs5

..................................... 100.000 94.4 94.1 -3.1 -0.5 -0.4 -0.3 -0.3

ASEAN (Dec. 2003=100)6

.................... 100.000 100.1 100.0 -3.5 -0.5 -0.6 0.0 -0.1

Asia Near East (Dec. 2003=100)7

........... 100.000 207.8 213.0 -3.3 -3.7 -3.7 0.0 2.5

1 Relative importance figures are based on 2022 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: February 2023 to February

2024

[December 2017=100, unless otherwise noted]

Description

Relative

importance

Jan.

20241

Index Percent change

Jan.

2024

Feb.

2024

Annual Monthly

Feb.

2023 to

Feb.

2024

Oct.

2023 to

Nov.

2023

Nov.

2023 to

Dec.

2023

Dec.

2023 to

Jan.

2024

Jan.

2024 to

Feb.

2024

Industrialized Countries2

.................... 100.000 120.9 121.3 0.5 -0.7 0.1 1.2 0.3

Nonmanufacturing........................... 15.139 144.0 145.4 -0.2 -5.1 -1.4 5.7 1.0

Manufacturing................................ 83.318 118.3 118.5 0.5 -0.1 0.2 0.5 0.2

Canada.......................................... 100.000 127.4 127.8 -0.8 -0.5 0.2 -0.5 0.3

Nonmanufacturing (Dec. 2020=100). . . . .. 7.401 135.9 137.9 0.9 -0.8 -0.1 -1.5 1.5

Manufacturing (Dec. 2020=100)........... 90.855 119.0 119.2 -1.1 -0.7 0.2 -0.4 0.2

European Union............................... 100.000 118.7 120.5 2.8 -1.3 -0.3 1.7 1.5

Nonmanufacturing........................... 22.486 138.3 143.1 2.6 -6.7 -2.3 2.5 3.5

Manufacturing................................ 75.984 115.1 116.2 2.7 -0.3 -0.1 1.6 1.0

Germany........................................ 100.000 122.5 122.9 6.4 0.6 0.3 4.0 0.3

Latin America3

................................. 100.000 122.2 123.5 -2.6 -1.5 -2.0 1.3 1.1

Nonmanufacturing........................... 7.722 145.1 144.7 -5.9 -1.5 -0.5 2.9 -0.3

Manufacturing................................ 91.671 120.6 122.1 -2.2 -1.6 -2.2 1.2 1.2

Mexico........................................... 100.000 121.8 122.8 -2.1 -1.8 -1.5 0.8 0.8

Nonmanufacturing........................... 6.421 121.4 116.5 -11.5 -2.2 -2.0 1.1 -4.0

Manufacturing................................ 92.692 122.8 124.2 -1.4 -1.8 -1.5 0.8 1.1

Pacific Rim4.................................... 100.000 113.5 114.5 -2.1 -0.6 -0.2 1.1 0.9

Nonmanufacturing........................... 20.559 118.9 121.2 -9.2 -4.9 -1.0 3.6 1.9

Manufacturing................................ 78.218 113.8 114.6 0.1 0.5 0.0 0.4 0.7

China............................................ 100.000 106.6 107.8 -4.4 -0.5 0.0 -1.4 1.1

Nonmanufacturing........................... 24.545 104.0 103.8 -13.9 -2.6 0.0 -2.7 -0.2

Manufacturing................................ 73.965 109.9 111.5 -0.6 0.4 -0.1 -0.9 1.5

Japan............................................ 100.000 110.0 110.5 -6.9 -1.7 0.2 0.9 0.5

Nonmanufacturing........................... 22.339 126.8 129.5 -10.6 -5.4 2.5 7.3 2.1

Manufacturing................................ 76.503 106.0 105.9 -4.6 -0.5 -0.7 -0.7 -0.1

1 Relative importance figures are based on 2022 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: February 2023 to February 20241

[December 2017=100, unless otherwise noted]

Description

Index Percent change

Jan.

2024

Feb.

2024

Annual Monthly

Feb.

2023 to

Feb.

2024

Oct.

2023 to

Nov.

2023

Nov.

2023 to

Dec.

2023

Dec.

2023 to

Jan.

2024

Jan.

2024 to

Feb.

2024

Industrialized Countries2

............................ 102.8 102.7 0.9 0.4 1.3 0.3 -0.1

Canada.................................................. 101.2 100.3 3.3 2.8 4.4 -0.8 -0.9

European Union...................................... 101.4 102.8 1.2 -1.1 -0.7 0.4 1.4

Germany................................................ 113.9 113.9 8.2 0.5 -0.1 3.9 0.0

Latin America3

........................................ 105.9 106.0 -5.1 -1.5 -1.9 0.3 0.1

Mexico.................................................. 107.7 108.0 -5.3 -1.7 -1.1 -0.4 0.3

Pacific Rim4............................................ 109.3 110.4 -0.3 -0.5 0.1 1.0 1.0

China.................................................... 106.1 107.5 -1.4 -0.2 0.1 -0.9 1.3

Japan.................................................... 102.4 103.0 -8.2 -1.8 0.3 -0.2 0.6

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: February

2023 to February 2024

[2000=100, unless otherwise noted]

Description

Relative

importance

Jan.

20241

Index Percent change

Jan.

2024

Feb.

2024

Annual Monthly

Feb.

2023 to

Feb.

2024

Oct.

2023 to

Nov.

2023

Nov.

2023 to

Dec.

2023

Dec.

2023 to

Jan.

2024

Jan.

2024 to

Feb.

2024

Air Freight

Import Air Freight.................................... 100.000 228.4 225.5 -5.9 4.2 12.0 -14.8 -1.3

Europe (Dec. 2003=100).......................... 23.229 161.0 167.8 -38.1 -3.3 2.1 -11.9 4.2

Asia.................................................. 75.912 235.9 228.5 10.2 6.5 15.7 -17.1 -3.1

Export Air Freight................................... 100.000 180.5 183.9 -9.5 3.4 -0.3 2.5 1.9

Europe (Dec. 2006=100).......................... 26.376 130.1 131.6 -13.1 -2.3 -1.3 -0.2 1.2

Asia (Dec. 2011=100).............................. 51.574 150.2 154.7 -4.8 8.1 1.1 2.8 3.0

Inbound Air Freight................................. 100.000 173.9 174.8 -3.1 6.3 5.5 -7.6 0.5

Europe (Dec. 2003=100).......................... 25.078 134.2 140.7 -23.5 -0.6 2.6 -9.0 4.8

Asia.................................................. 61.556 170.8 168.4 7.4 11.1 8.0 -9.4 -1.4

Outbound Air Freight............................... 100.000 178.3 181.4 -14.5 -1.9 -1.1 1.8 1.7

Europe (Dec. 2003=100).......................... 33.169 163.5 164.9 -16.2 -2.2 -0.9 0.1 0.9

Asia.................................................. 46.567 203.3 209.9 -12.9 -2.0 -0.8 2.9 3.2

Air Passenger Fares

Import Air Passenger Fares....................... 100.000 178.0 178.0 0.5 -0.4 6.9 -6.2 0.0

Europe............................................... 47.189 195.1 197.7 3.6 -7.6 1.6 1.2 1.3

Asia.................................................. 11.705 162.0 157.9 -7.3 0.2 11.4 -18.2 -2.5

Latin America/Caribbean.......................... 9.071 136.4 145.6 -13.2 5.3 9.2 -20.9 6.7

Export Air Passenger Fares....................... 100.000 193.8 174.3 -2.7 1.3 -3.4 10.8 -10.1

Europe............................................... 33.950 213.6 204.1 -2.9 -8.0 -5.1 7.0 -4.4

Asia.................................................. 13.232 220.6 179.2 -8.9 2.6 -3.8 15.4 -18.8

Latin America/Caribbean.......................... 34.277 205.7 173.4 -4.1 4.9 -4.5 17.3 -15.7

1 Relative importance figures are based on 2022 trade values.

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

Dash = Not available

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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 https://subscriptions.bls.gov/accounts/USDOLBLS/subscriber/new. 

 

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.