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

U.S. import prices decreased 1.4 percent in July, after advancing 0.3 percent in June, the U.S. Bureau of 

Labor Statistics reported today. Lower fuel and nonfuel prices in July contributed to the decline in U.S. 

import prices. The price index for U.S. exports fell 3.3 percent in July following a 0.7-percent advance the 

previous month. 

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

Imports 

Prices for U.S. imports declined on a monthly basis in July for the first time since December 2021, 

decreasing 1.4 percent. The decline was the largest drop in import prices since the index fell 2.6 percent in 

April 2020. U.S. import prices rose 8.8 percent over the past 12 months, the smallest over-the-year increase

since the index advanced 7.1 percent from March 2020 to March 2021. (See table 1.)

Fuel Imports: Import fuel prices declined 7.5 percent in July following 6.2-percent increases in June and 

May. The July decrease was the first 1-month drop since a 7.7-percent decline in December 2021. Despite 

the July drop, import fuel prices advanced 56.6 percent over the past year. Lower prices for petroleum and 

natural gas contributed to the July decline in import fuel prices. Petroleum prices fell 6.8 percent, after rising 

5.9 percent in June and 5.4 percent in May. Natural gas prices decreased 20.6 percent following a 54.3-

percent advance in the second quarter of 2022. The July decline was the largest monthly drop in natural gas 

prices since a 22.1-percent decrease in June 2019. Prices for petroleum increased 56.6 percent for the year 

ended in July and natural gas prices rose 69.8 percent over the same period. 

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

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Transmission of material in this release is embargoed until

8:30 a.m. (ET) Friday, August 12, 2022 

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

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

USDL-22-1628
2

All Imports Excluding Fuel: The price index for nonfuel imports fell for the third consecutive month, 

decreasing 0.5 percent in July, after declines of 0.6 percent in June and 0.3 percent in May. The July drop 

was driven by lower prices for nonfuel industrial supplies and materials; and foods, feeds, and beverages, 

which more than offset higher prices for automotive vehicles and capital goods. Despite the recent declines, 

nonfuel import prices advanced 4.1 percent over the past year. 

Foods, Feeds, and Beverages: Foods, feeds, and beverages prices fell 0.9 percent in July following 0.7-

percent and 0.6-percent decreases in June and May, respectively. The July decline was the largest 1-month 

drop since November 2020. The monthly decrease was led by lower prices for fish and shellfish; and food 

oils and oilseeds which more than offset higher vegetable and bakery product prices. 

Nonfuel Industrial Supplies and Materials: Prices for nonfuel industrial supplies and materials fell 2.6 

percent in July, after decreasing 2.3 percent in June. The July drop was the largest monthly decline since the 

index fell 3.3 percent in April 2020. Lower prices for unfinished metals, finished metals, selected building 

materials, and chemicals drove the July decline in nonfuel industrial supplies and materials prices. 

Finished Goods: Prices for most of the major finished goods categories were up in July. Automotive 

vehicles prices advanced 0.6 percent following a 0.3-percent increase in June. Higher prices in July for 

passenger cars led the advance in automotive vehicles prices. The price index for capital goods increased 0.2 

percent in July, after no change the previous month. The July rise in capital goods prices was driven by 

higher prices for industrial and service machinery. Prices for consumer goods were unchanged in July, after 

decreasing 0.4 percent in June. 

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: July 2021 – July 2022

Exports 

U.S. export prices fell 3.3 percent in July, after rising 0.7 percent in June. The July decline was the largest 1-

month decrease since the index fell 3.5 percent in April 2020. Lower agricultural and nonagricultural prices 

each contributed to the July decline. Prices for U.S. exports rose 13.1 percent over the past year, the lowest 

12-month advance since the index increased 9.6 percent in March 2021. (See table 2.)

Agricultural Exports: The price index for agricultural exports fell 3.0 percent in July, after edging down 

0.1 percent the previous month. The July decline was the largest monthly drop since the index decreased 3.3 

percent in April 2020. Lower prices for soybeans, wheat, and cotton in July led the decline in agricultural 

prices. Despite the July decrease, agricultural export prices rose 13.3 percent over the past 12 months. 

All Exports Excluding Agriculture: Prices for nonagricultural exports decreased 3.3 percent in July, after 

advancing 0.8 percent in June and 2.8 percent in May. The July decline was led by lower prices for 

nonagricultural industrial supplies and materials; consumer goods; and nonagricultural foods which more 

than offset higher prices for capital goods and automotive vehicles. Nonagricultural export prices increased 

13.1 percent over the past year. 

Nonagricultural Industrial Supplies and Materials: Nonagricultural industrial supplies and materials prices 

fell 7.0 percent in July, the first monthly decline since December 2021 and the largest decrease since a 10.4-

percent drop in April 2020. The July decrease was driven by a 12.3-percent decline in fuel prices, the largest 

1-month decrease since a 29.5-percent drop in April 2020. 

Finished Goods: Prices were mostly up for the major finished goods categories in July. Capital goods prices 

increased 0.8 percent following no change the previous month. The July advance was the largest monthly 

increase since the index rose 0.9 percent in January 2022. Automotive vehicles prices advanced 0.6 percent 

in July, led by higher prices for engines and engine parts. In contrast, consumer goods prices edged down 

0.1 percent for the second consecutive month in July. 

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

1-month percent change 12-month percent change
4

Measures of Import and Export Prices by Locality

Imports by Locality of Origin: Prices for imports from China were unchanged in July, after declining 0.2 

percent in June and 0.1 percent in May. Import prices from China prior to May recorded advances every 

month from November 2020 to April 2022. Despite the recent drops, the price index for imports from China 

rose 2.8 percent over the past year. Import prices from Japan fell 0.3 percent in July following a 0.1-percent 

decrease the previous month. The July decline was the largest 1-month drop since May 2020. Prices for 

imports from Japan rose 1.0 percent for the year ended in July. The price indexes for imports from Canada 

and Mexico also declined in July, falling 5.0 percent and 0.6 percent, respectively. The July decreases in 

import prices from Canada and Mexico were the first monthly drops since December 2021. Prices for 

imports from the European Union were unchanged in July, after rising 1.2 percent in June. (See table 7.) 

Exports by Locality of Destination: Export prices to China fell 4.9 percent in July following a 1.7-percent 

increase in June and a 1.6-percent advance in May. The July decrease was the largest 1-month decline since 

the monthly percent change series began in January 2018. Despite the July drop, prices for exports to China 

rose 9.7 percent over the past 12 months. The price index for exports to Japan declined 3.0 percent in July, 

the largest 1-month decrease since the index fell 3.5 percent in April 2020. Export prices to Japan advanced 

12.3 percent from July 2021 to July 2022. Prices for exports to Canada decreased 2.5 percent in July and 

export prices to Mexico declined 5.0 percent over the same period. The price index for exports to the 

European Union fell 2.1 percent in July, after rising 0.6 percent the previous month. The July drop was the 

largest monthly decline since the index fell 2.5 percent in April 2020. (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 fell 5.0 

percent in July, after advancing 1.9 percent in June. The July drop was the largest 1-month decline since the 

monthly percent change series began in January 2018. Despite the decrease in July, the index for U.S. terms 

of trade with China rose 6.7 percent over the past year. U.S. terms of trade with Japan decreased 2.7 percent 

in July and advanced 11.2 percent over the past 12 months. Lower export prices to Japan in July more than 

offset lower import prices from Japan. U.S. terms of trade with Mexico and the European Union decreased 

in July, falling 4.4 percent and 2.1 percent, respectively. In contrast, U.S. terms of trade with Canada

advanced 2.6 percent in July following a 0.7-percent decline in June. Despite the July increase, the index for 

U.S. terms of trade with Canada decreased 8.2 percent over the past 12 months. (See table 9.)

Import and Export Services

Imports: Import air passenger fares edged down 0.2 percent in July following a 10.1-percent advance the 

previous month. The July decrease was the first monthly drop since a 19.4-percent decline in January 2022. 

Lower European fares in July more than offset higher Latin American/Caribbean fares. The index for import 

air passenger fares rose 11.6 percent over the past year. Prices for import air freight fell 13.2 percent in July, 

after rising 5.1 percent in June. The July drop was the largest 1-month decline since a 14.0-percent decrease 

in July 2020. Import air freight prices increased 1.5 percent for the year ended in July. (See table 10.)

Exports: Export air passenger fares advanced 8.3 percent in July following a 5.3-percent increase in June.

The July rise was the largest monthly increase since January 2021. Higher Latin American/Caribbean, 

European, and Asian fares all contributed to the July advance. Export air passenger fares rose 12.1 percent 

over the past 12 months. The price index for export air freight fell 1.9 percent in July, after declining 1.1 

percent the previous month. Despite the recent decreases, export air freight prices advanced 23.4 percent 

from July 2021 to July 2022. 

 

U.S. Import and Export Price Index data for August 2022 are scheduled for release on Thursday, September

15, 2022 at 8:30 a.m. (ET).
Table 1. U.S. import price indexes and percent changes for selected categories of goods: July 2021 to July

2022

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Jun.

20221

Index Percent change

Jun.

2022

Jul.

2022

Annual Monthly

Jul.

2021 to

Jul.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

May

2022 to

Jun.

2022

Jun.

2022 to

Jul.

2022

All commodities................................... 100.000 148.6 146.5 8.8 0.5 0.5 0.3 -1.4

All imports excluding food and fuels (Dec.

2010=100)........................................ 79.621 109.8 109.3 3.8 0.3 -0.2 -0.6 -0.5

All imports excluding petroleum.............. 87.377 126.1 125.2 4.6 0.5 -0.1 -0.5 -0.7

All imports excluding fuels (Dec.

2001=100)........................................ 86.352 129.2 128.6 4.1 0.4 -0.3 -0.6 -0.5

Foods, feeds, & beverages................... 0 6.731 210.0 208.1 7.0 0.9 -0.6 -0.7 -0.9

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 5.363 228.5 227.3 8.8 1.3 -0.9 -0.1 -0.5

Nonagricultural foods (fish, distilled

beverages).................................. 01 1.368 168.2 164.1 0.6 -0.7 0.6 -2.9 -2.4

Industrial supplies & materials.............. 1 32.220 306.2 291.9 23.7 0.7 1.4 1.1 -4.7

Industrial supplies & materials excluding

petroleum.................................... 19.574 229.5 221.7 9.7 0.9 -0.7 -1.6 -3.4

Industrial supplies & materials excluding

fuels (Dec. 2001=100)..................... 18.296 249.6 243.2 7.6 0.6 -1.6 -2.3 -2.6

Industrial supplies & materials, durable. . .. 12.400 241.1 231.3 1.5 0.0 -2.4 -3.6 -4.1

Industrial supplies & materials nondurable

excluding petroleum....................... 7.197 216.3 211.3 24.4 2.8 2.4 2.0 -2.3

Fuels & lubricants............................. 10 13.648 433.9 401.4 56.6 0.8 6.2 6.2 -7.5

Petroleum & petroleum products......... 100 12.623 459.5 428.1 56.6 0.3 5.4 5.9 -6.8

Crude petroleum........................... 10000 8.744 476.4 425.4 47.8 1.6 2.9 6.6 -10.7

Fuels, n.e.s.-coals & gas.................. 101 0.912 376.0 309.1 62.8 10.4 19.1 10.4 -17.8

Natural gas.................................. 10110 0.783 382.2 303.4 69.8 13.0 22.9 11.1 -20.6

Paper & paper base stocks.................. 11 0.501 136.9 152.0 20.3 3.5 1.2 3.8 11.0

Materials associated with nondurable

supplies & materials....................... 12 5.671 223.4 222.3 20.2 1.8 0.1 0.3 -0.5

Selected building materials.................. 13 1.953 218.3 213.2 -4.4 -5.7 1.1 -6.8 -2.3

Unfinished metals related to durable

goods........................................ 14 5.534 380.4 354.2 0.2 2.0 -3.9 -4.7 -6.9

Finished metals related to durable

goods........................................ 15 3.213 214.9 209.6 6.1 -0.5 -3.5 -2.1 -2.5

Nonmetals related to durable goods. . . . . .. 16 1.701 129.0 129.2 8.3 1.3 0.7 0.7 0.2

Capital goods................................... 2 24.824 92.9 93.1 3.7 0.4 0.3 0.0 0.2

Electric generating equipment............... 20 3.117 128.9 129.8 6.2 1.0 0.3 0.2 0.7

Nonelectrical machinery...................... 21 20.156 84.2 84.3 3.2 0.5 0.1 0.0 0.1

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 1.552 143.5 144.0 3.8 0.3 1.3 0.3 0.3

Automotive vehicles, parts & engines..... 3 12.020 116.2 116.9 3.7 0.3 0.5 0.3 0.6

Consumer goods, excluding

automotives.................................. 4 24.205 110.0 110.0 1.9 0.0 -0.1 -0.4 0.0

Nondurables, manufactured................. 40 12.279 124.9 124.9 0.6 -0.2 -0.2 -0.1 0.0

Durables, manufactured...................... 41 11.218 95.2 95.3 2.8 0.2 -0.1 -0.5 0.1

Nonmanufactured consumer goods. . . . . . .. 42 0.708 132.3 131.9 9.3 0.2 0.0 -2.1 -0.3

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: July 2021 to July

2022

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Jun.

20221

Index Percent change

Jun.

2022

Jul.

2022

Annual Monthly

Jul.

2021 to

Jul.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

May

2022 to

Jun.

2022

Jun.

2022 to

Jul.

2022

All commodities................................... 100.000 166.1 160.7 13.1 1.0 2.7 0.7 -3.3

Agricultural commodities....................... 12.045 264.1 256.1 13.3 1.2 2.0 -0.1 -3.0

All exports excluding food and fuels (Dec.

2010=100)........................................ 64.581 115.9 116.0 5.2 1.2 -0.2 -0.3 0.1

All exports excluding fuels (June

2022=100)........................................ 75.584 100.0 100.0 – – – – 0.0

Nonagricultural commodities.................. 87.955 158.8 153.5 13.1 1.1 2.8 0.8 -3.3

Foods, feeds, & beverages................... 0 11.003 266.4 258.8 12.1 1.0 2.1 -0.5 -2.9

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 10.588 268.6 260.8 12.7 1.0 2.1 -0.1 -2.9

Nonagricultural foods (fish, distilled

beverages).................................. 01 0.415 225.8 222.1 0.0 0.2 0.9 -9.1 -1.6

Industrial supplies & materials.............. 1 46.385 259.9 242.1 23.4 1.5 5.2 1.6 -6.8

Industrial supplies & materials, durable. . .. 9.985 223.9 215.1 2.1 1.9 -2.4 -2.4 -3.9

Industrial supplies & materials,

nondurable.................................. 36.400 267.7 247.2 31.1 1.4 7.7 2.8 -7.7

Agricultural industrial supplies &

materials..................................... 10 1.457 244.8 234.9 17.2 2.5 0.9 0.1 -4.0

Nonagricultural industrial supplies &

materials..................................... 44.928 260.6 242.4 23.5 1.5 5.4 1.7 -7.0

Fuels & lubricants............................. 11 24.416 376.8 330.5 47.3 0.7 11.7 4.1 -12.3

Nonagricultural supplies & materials

excluding fuels & building materials. . . .. 12 19.639 212.4 211.0 5.5 2.2 -1.0 -1.1 -0.7

Selected building materials.................. 13 0.873 170.8 171.3 12.2 2.4 -0.2 -0.5 0.3

Capital goods................................... 2 26.220 118.5 119.5 5.0 0.6 0.3 0.0 0.8

Electrical generating equipment............. 20 2.909 131.5 133.2 8.5 0.5 -0.2 0.2 1.3

Nonelectrical machinery...................... 21 19.068 100.5 101.3 5.0 0.8 0.3 0.0 0.8

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 4.243 195.5 197.1 3.2 0.5 0.2 -0.1 0.8

Automotive vehicles, parts & engines..... 3 6.917 120.6 121.3 4.7 0.8 0.3 0.2 0.6

Consumer goods, excluding

automotives.................................. 4 9.474 116.4 116.3 3.4 0.5 -0.3 -0.1 -0.1

Nondurables, manufactured................. 40 4.988 109.9 109.2 -0.2 0.2 -0.4 -0.4 -0.6

Durables, manufactured...................... 41 3.609 113.7 114.6 4.6 0.9 -0.1 0.3 0.8

Nonmanufactured consumer goods (Dec.

2018=100)................................... 42 0.877 126.3 126.0 21.6 0.0 0.2 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: July 2021 to July 2022

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Jun.

20221

Index Percent change

Jun.

2022

Jul.

2022

Annual Monthly

Jul.

2021 to

Jul.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

May

2022 to

Jun.

2022

Jun.

2022 to

Jul.

2022

Nonmanufacturing................................ 12.046 208.6 189.6 41.0 2.0 3.1 4.9 -9.1

Agriculture, forestry, fishing and

hunting........................................ 11 2.148 213.5 214.3 14.3 1.0 -0.6 -2.9 0.4

Crop production............................... 111 1.764 225.7 226.9 16.1 0.6 -0.1 -1.8 0.5

Mining............................................ 21 9.897 223.2 198.2 49.6 2.3 4.0 6.8 -11.2

Oil and gas extraction........................ 211 9.626 224.3 198.7 50.4 2.3 4.1 6.9 -11.4

Manufacturing..................................... 87.606 125.6 125.2 5.9 0.2 0.2 -0.3 -0.3

Manufacturing, part 1......................... 31 10.774 138.6 138.2 4.4 0.6 -0.1 0.2 -0.3

Food manufacturing.......................... 311 4.055 188.9 186.6 6.7 1.1 -0.7 0.6 -1.2

Beverage and tobacco product

manufacturing............................... 312 1.040 134.5 134.7 1.6 0.4 -0.1 0.1 0.1

Textile mills (Dec. 2011=100)............... 313 0.390 126.5 126.6 18.5 0.1 0.8 -0.3 0.1

Textile product mills.......................... 314 1.416 111.7 112.5 1.7 -0.1 0.4 -0.3 0.7

Apparel manufacturing....................... 315 2.763 117.0 117.3 3.6 0.4 0.3 0.3 0.3

Leather and allied product

manufacturing............................... 316 1.110 127.3 127.7 0.6 0.2 0.0 -0.2 0.3

Manufacturing, part 2......................... 32 21.056 159.2 159.4 14.1 -0.8 1.9 0.0 0.1

Wood product manufacturing (Dec.

2019=100)................................... 321 1.220 183.4 176.8 -14.3 -11.4 1.9 -12.8 -3.6

Paper manufacturing......................... 322 0.945 122.7 128.5 9.3 1.8 0.5 2.2 4.7

Petroleum and coal products

manufacturing............................... 324 3.513 195.1 200.1 78.7 -2.9 12.6 4.4 2.6

Chemical manufacturing..................... 325 11.932 162.0 161.0 8.2 0.4 -0.1 0.1 -0.6

Plastics and rubber products

manufacturing............................... 326 2.396 133.0 133.4 6.6 1.1 0.2 0.4 0.3

Nonmetallic mineral product

manufacturing............................... 327 0.890 141.2 141.6 5.2 0.7 0.2 -0.1 0.3

Manufacturing, part 3......................... 33 55.776 113.2 112.6 3.3 0.4 -0.3 -0.6 -0.5

Primary metal manufacturing................ 331 7.091 247.9 232.2 0.5 1.4 -4.0 -3.4 -6.3

Fabricated metal product manufacturing... 332 3.067 151.2 152.3 9.0 0.3 0.6 -1.5 0.7

Machinery manufacturing.................... 333 6.499 126.9 127.7 4.0 0.4 0.2 -0.1 0.6

Computer and electronic product

manufacturing............................... 334 15.176 74.0 74.0 1.6 0.1 0.1 -0.1 0.0

Electrical equipment, appliance, and

component manufacturing................. 335 5.112 126.9 127.5 6.7 0.7 0.1 -0.1 0.5

Transportation equipment manufacturing... 336 12.450 114.9 115.5 3.0 0.3 0.4 0.3 0.5

Furniture and related product

manufacturing............................... 337 1.724 126.2 128.7 9.0 0.2 0.2 -0.5 2.0

Miscellaneous manufacturing............... 339 4.656 126.5 126.0 4.5 0.9 -0.2 -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

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

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Jun.

20221

Index Percent change

Jun.

2022

Jul.

2022

Annual Monthly

Jul.

2021 to

Jul.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

May

2022 to

Jun.

2022

Jun.

2022 to

Jul.

2022

Nonmanufacturing................................ 21.305 253.8 227.5 28.9 1.0 6.2 2.1 -10.4

Agriculture, forestry, fishing and

hunting........................................ 11 6.804 244.6 230.1 15.5 0.3 2.4 -0.8 -5.9

Crop production............................... 111 6.489 261.2 245.0 16.8 0.4 2.6 -0.4 -6.2

Mining............................................ 21 14.501 170.5 149.3 37.0 1.3 8.2 3.6 -12.4

Oil and gas extraction (Dec. 2021=100). .. 211 13.009 154.2 134.2 – -0.1 9.5 4.5 -13.0

Mining (except oil and gas).................. 212 1.491 182.7 169.3 47.1 12.5 -1.0 -3.9 -7.3

Manufacturing..................................... 76.924 142.0 140.3 10.7 0.9 2.1 0.4 -1.2

Manufacturing, part 1......................... 31 6.629 178.1 178.9 10.0 1.9 1.6 -0.3 0.4

Food manufacturing.......................... 311 5.031 210.4 212.0 11.9 2.3 1.9 -0.6 0.8

Beverage and tobacco product

manufacturing............................... 312 0.514 147.3 146.4 6.1 0.7 0.6 2.1 -0.6

Manufacturing, part 2......................... 32 28.077 165.2 159.0 21.2 0.9 5.5 1.7 -3.8

Wood product manufacturing (Dec.

2017=100)................................... 321 0.485 143.1 141.2 5.7 0.0 0.2 -0.3 -1.3

Paper manufacturing......................... 322 1.485 150.4 154.4 13.3 1.7 1.1 3.1 2.7

Petroleum and coal products

manufacturing............................... 324 10.090 239.9 209.1 66.9 -0.8 17.1 4.5 -12.8

Chemical manufacturing..................... 325 13.338 144.8 147.0 6.3 1.9 0.3 -0.3 1.5

Plastics and rubber products

manufacturing............................... 326 1.878 130.5 130.9 7.9 0.4 -0.3 0.9 0.3

Nonmetallic mineral product

manufacturing............................... 327 0.660 135.2 135.4 9.7 2.6 0.4 0.1 0.1

Manufacturing, part 3......................... 33 42.217 126.8 127.2 5.1 0.9 -0.1 -0.2 0.3

Primary metal manufacturing................ 331 4.057 223.1 213.7 0.9 1.8 -3.0 -3.2 -4.2

Fabricated metal product manufacturing... 332 2.316 170.1 171.2 9.3 0.2 1.6 0.1 0.6

Machinery manufacturing.................... 333 7.458 141.7 143.6 7.4 1.1 0.3 0.1 1.3

Computer and electronic product

manufacturing............................... 334 11.060 85.1 85.5 3.3 0.6 0.1 0.1 0.5

Electrical equipment, appliance, and

component manufacturing................. 335 2.944 129.6 131.2 9.4 0.6 0.1 0.2 1.2

Transportation equipment manufacturing... 336 10.257 137.3 138.1 4.1 0.7 0.3 0.1 0.6

Miscellaneous manufacturing............... 339 3.831 132.5 133.2 7.2 0.5 0.1 0.2 0.5

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: July 2021 to July

2022

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jun.

20221

Index Percent change

Jun.

2022

Jul.

2022

Annual Monthly

Jul.

2021 to

Jul.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

May

2022 to

Jun.

2022

Jun.

2022 to

Jul.

2022

Live animals; animal products................. I 1.479 237.4 233.4 0.2 0.6 -0.9 -3.4 -1.7

Meat and edible meat offal..................... 02 0.438 340.2 337.8 -7.9 -2.0 -0.8 -1.1 -0.7

Fish and crustaceans, molluscs and other

aquatic invertebrates......................... 03 0.758 165.2 160.3 1.5 -0.6 1.0 -5.2 -3.0

Vegetable products............................... II 2.173 250.9 250.5 16.3 1.3 -0.1 -1.1 -0.2

Edible vegetables, roots, and tubers.......... 07 0.403 418.6 438.9 9.3 1.9 0.7 -5.5 4.8

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.807 127.6 126.6 15.6 0.2 -0.3 -1.2 -0.8

Coffee, tea, mate and spices.................. 09 0.436 323.0 316.8 28.1 4.3 -2.1 1.5 -1.9

Animal or vegetable fats and oils (Dec.

2009=100)........................................ III 0.439 160.4 150.7 2.0 3.0 -4.9 1.6 -6.0

Prepared foodstuffs, beverages, and

tobacco........................................... IV 3.080 187.3 188.3 7.0 0.8 -0.1 0.9 0.5

Sugars and sugar confectionary (Dec.

2021=100)..................................... 17 0.204 105.1 107.7 – 2.3 -1.1 1.0 2.5

Cocoa and cocoa preparations (Dec.

2009=100)..................................... 18 0.190 101.7 102.4 6.1 -0.5 0.0 -0.6 0.7

Beverages, spirits, and vinegar................ 22 1.019 147.9 148.1 2.0 0.6 0.0 -0.1 0.1

Mineral products.................................. V 13.570 441.5 407.2 56.7 0.9 6.1 6.0 -7.8

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 13.204 437.0 402.3 58.0 0.9 6.3 6.1 -7.9

Products of the chemical or allied

industries........................................ VI 11.050 180.0 180.0 8.1 0.4 -0.3 0.3 0.0

Inorganic chemicals............................. 28 0.754 557.4 545.1 31.5 2.2 1.7 0.7 -2.2

Organic chemicals............................... 29 2.635 155.4 157.5 13.1 1.2 0.1 2.2 1.4

Pharmaceutical products....................... 30 5.037 148.7 148.4 -1.6 -0.8 -0.5 -0.1 -0.2

Miscellaneous chemical products............. 38 0.786 117.8 118.5 4.8 0.1 0.3 -0.2 0.6

Plastics and articles thereof; rubber and

articles thereof.................................. VII 3.676 162.4 162.9 5.6 0.9 0.2 0.3 0.3

Plastics and articles thereof.................... 39 2.557 165.9 166.3 4.7 0.4 -0.1 0.2 0.2

Rubber and articles thereof.................... 40 1.119 158.6 159.2 7.9 2.0 1.2 0.5 0.4

Articles of leather; travel goods, bags, etc.

of various materials........................... 42 0.399 142.2 142.5 3.7 0.6 0.0 0.0 0.2

Wood, wood charcoal, cork, straw,

basketware and wickerwork................. IX 1.292 277.1 266.6 -12.0 -10.2 1.7 -11.5 -3.8

Wood and articles of wood; wood charcoal

(Dec. 2019=100).............................. 44 1.259 194.5 186.9 -12.2 -10.4 1.8 -11.8 -3.9

Woodpulp, recovered paper, and paper

products......................................... X 0.932 130.2 136.2 11.7 1.4 0.6 2.3 4.6

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 0.623 120.5 124.7 15.1 0.5 0.8 1.3 3.5

Textile and textile articles....................... XI 4.426 120.5 120.9 4.1 0.3 0.3 0.1 0.3

Articles of apparel and clothing accessories,

not knitted or crocheted...................... 62 1.225 126.1 126.3 3.0 0.7 0.5 0.3 0.2

Made-up or worn textile articles............... 63 1.167 105.7 106.6 2.1 0.1 0.1 0.0 0.9

Headgear, umbrellas, artificial flowers,

etc................................................. XII 0.967 126.1 126.4 0.5 0.2 0.0 -0.2 0.2

Footwear and parts of such articles........... 64 0.792 123.2 123.5 -0.4 0.1 0.1 -0.2 0.2

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.765 134.5 134.4 1.4 0.8 -0.1 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: July 2021 to July

2022 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jun.

20221

Index Percent change

Jun.

2022

Jul.

2022

Annual Monthly

Jul.

2021 to

Jul.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

May

2022 to

Jun.

2022

Jun.

2022 to

Jul.

2022

Articles of stone, plaster, cement, asbestos,

or mica (Dec. 2020=100).................... 68 0.284 102.0 102.0 1.7 0.5 -0.2 1.0 0.0

Glass and glassware (Dec. 2021=100)....... 70 0.264 101.8 101.5 – 0.4 0.3 0.0 -0.3

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 4.445 235.2 225.4 -5.6 -0.6 -4.9 -2.0 -4.2

Base metals and articles of base metals. . .. XV 6.098 253.6 244.0 11.7 2.4 -1.0 -3.2 -3.8

Iron and steel.................................... 72 1.197 347.8 342.3 15.5 9.5 -1.4 -4.4 -1.6

Articles of iron or steel.......................... 73 1.802 206.5 206.5 16.5 0.5 0.4 -2.8 0.0

Copper and articles thereof.................... 74 0.501 417.5 342.4 -18.7 0.7 -7.7 2.4 -18.0

Aluminum and articles thereof................. 76 1.128 210.6 200.8 12.4 -1.0 0.4 -5.7 -4.7

Tools, implements, cutlery, spoons and

forks, of base metal; parts thereof.......... 82 0.399 130.2 130.0 3.8 1.0 1.1 -0.4 -0.2

Miscellaneous articles of base metal. . . . . . . .. 83 0.511 152.3 152.7 8.3 2.2 0.7 0.2 0.3

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 26.994 82.7 82.8 2.9 0.4 0.2 -0.1 0.1

Machinery and mechanical appliances;

parts thereof................................... 84 13.856 89.1 89.3 3.0 0.5 0.1 -0.2 0.2

Electrical machinery and equip, sound and

TV recorders & reproducers, parts......... 85 13.138 76.7 76.7 2.7 0.1 0.3 0.1 0.0

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 10.500 119.4 120.0 3.0 0.3 0.4 0.3 0.5

Motor vehicles and their parts................. 87 9.750 118.7 119.3 3.0 0.2 0.5 0.3 0.5

Aircraft, spacecraft, and parts thereof (Dec.

2020=100)..................................... 88 0.663 103.2 103.4 2.7 0.5 -0.4 0.5 0.2

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 3.608 105.3 105.1 2.6 1.0 -0.3 -0.3 -0.2

Optical, photographic, measuring and

medical instruments.......................... 90 3.410 101.4 101.1 2.7 1.0 -0.2 -0.2 -0.3

Miscellaneous manufactured articles......... XX 3.997 117.6 118.7 5.2 -0.1 -0.1 -0.3 0.9

Furniture & stuffed furnishings; lamps &

lighting fittings, nesoi; prefab bldgs......... 94 2.425 125.7 127.6 6.8 0.0 0.0 -0.5 1.5

Toys, games and sports equipment; parts

and accessories thereof...................... 95 1.324 104.3 104.3 2.7 -0.2 0.1 0.1 0.0

Miscellaneous manufactured articles. . . . . . . .. 96 0.247 135.2 135.2 4.6 -0.7 -1.0 0.2 0.0

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: July 2021 to July

2022

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jun.

20221

Index Percent change

Jun.

2022

Jul.

2022

Annual Monthly

Jul.

2021 to

Jul.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

May

2022 to

Jun.

2022

Jun.

2022 to

Jul.

2022

Live animals; animal products................. I 2.196 289.7 287.8 10.2 2.6 2.1 -1.7 -0.7

Meat & edible meat offal (Dec. 2006=100)... 02 1.415 233.6 230.9 5.9 2.0 0.8 -1.0 -1.2

Vegetable products............................... II 6.368 319.6 302.6 16.3 -0.2 2.9 0.2 -5.3

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.893 146.7 141.8 1.1 1.6 1.4 0.8 -3.3

Cereals............................................ 10 2.023 373.7 346.6 17.7 0.8 4.3 -3.3 -7.3

Oilseeds and misc. grains, seeds, fruits,

plants, straw and fodder..................... 12 2.914 347.0 324.4 15.5 -1.7 2.3 2.5 -6.5

Prepared foodstuffs, beverages, and

tobacco........................................... IV 2.744 181.1 184.8 6.2 1.3 0.3 -1.3 2.0

Miscellaneous edible preparations (Dec.

2017=100)..................................... 21 0.537 107.0 106.9 3.0 1.2 1.2 -0.6 -0.1

Beverages, spirits, and vinegar (Dec.

2008=100)..................................... 22 0.427 108.8 108.4 -1.9 -0.3 -0.5 -0.2 -0.4

Residues and waste from the food

industries; prepared animal feed............ 23 0.855 324.8 336.7 11.0 3.2 0.2 -3.7 3.7

Mineral products.................................. V 24.530 455.2 397.9 47.9 0.4 11.5 4.0 -12.6

Ores, slag and ash (Dec. 2012=100)......... 26 0.551 147.2 135.2 6.5 4.2 -2.5 -6.2 -8.2

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 23.818 442.3 385.7 49.3 0.3 12.0 4.2 -12.8

Products of the chemical or allied

industries........................................ VI 10.867 167.0 171.5 12.7 1.8 0.5 0.4 2.7

Organic chemicals............................... 29 2.760 210.6 216.0 26.2 3.7 2.6 1.8 2.6

Pharmaceutical products....................... 30 2.874 106.8 105.7 -2.8 0.1 -0.6 -0.7 -1.0

Essential oils and resinoids; perfumery

cosmetic or toilet preparations.............. 33 0.728 139.8 141.1 4.4 -0.4 0.2 -0.3 0.9

Soap; lubricants; waxes, polishing or

scouring products; candles, pastes......... 34 0.395 132.3 132.3 4.1 1.2 0.0 0.0 0.0

Miscellaneous chemical products............. 38 2.007 186.6 187.8 -0.1 -0.1 -0.2 -1.1 0.6

Plastics and articles thereof; rubber and

articles thereof.................................. VII 4.855 177.0 175.0 -0.3 0.4 -0.1 -0.1 -1.1

Plastics and articles thereof.................... 39 4.189 177.7 175.2 -1.4 0.3 -0.1 -0.2 -1.4

Rubber and articles thereof.................... 40 0.666 167.1 168.3 6.7 0.6 0.4 0.3 0.7

Wood, wood charcoal, cork, straw, baskets

and wickerwork (Dec. 2014=100)............ IX 0.589 139.8 138.3 7.2 0.7 0.4 -1.1 -1.1

Woodpulp, recovered paper, and paper

products......................................... X 1.740 156.6 157.3 7.9 1.3 0.7 2.9 0.4

Woodpulp and recovered paper (Dec.

2019=100)..................................... 47 0.675 188.2 183.8 3.5 0.0 1.3 6.7 -2.3

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 0.872 144.7 148.6 13.0 2.6 0.2 0.8 2.7

Textile and textile articles....................... XI 1.601 154.6 148.8 13.7 2.9 1.2 -0.9 -3.8

Cotton, including yarns and woven fabrics

thereof.......................................... 52 0.720 200.4 183.8 29.8 6.3 1.5 -1.8 -8.3

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.631 147.2 146.3 9.7 2.0 0.3 0.1 -0.6

Glass and glassware (Dec. 2019=100)....... 70 0.375 110.7 109.5 9.7 1.2 0.5 0.5 -1.1

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 3.715 329.7 315.2 -3.5 0.8 -2.9 -3.0 -4.4

Base metals and articles of base metals. . .. XV 4.337 219.6 208.5 4.4 2.7 -2.6 -2.7 -5.1

Iron and steel (Dec. 2020=100)............... 72 1.220 173.4 154.7 1.4 4.3 -5.6 -6.9 -10.8

See footnotes at end of table.

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

2022 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jun.

20221

Index Percent change

Jun.

2022

Jul.

2022

Annual Monthly

Jul.

2021 to

Jul.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

May

2022 to

Jun.

2022

Jun.

2022 to

Jul.

2022

Copper and articles thereof.................... 74 0.557 290.8 241.8 -11.0 1.6 -4.8 3.0 -16.9

Aluminum and articles thereof................. 76 0.760 154.5 152.0 8.5 5.9 -4.8 -6.4 -1.6

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 21.776 104.2 105.1 5.5 0.7 0.3 0.2 0.9

Machinery and mechanical appliances;

parts thereof................................... 84 12.618 125.2 126.6 6.6 0.8 0.5 0.2 1.1

Electrical machinery and equipment and

parts and accessories thereof............... 85 9.158 81.9 82.2 3.9 0.6 0.0 0.1 0.4

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 7.602 146.6 147.2 4.4 0.8 0.2 0.1 0.4

Motor vehicles and their parts................. 87 5.712 123.3 123.9 4.3 0.9 0.2 0.1 0.5

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 4.749 113.9 114.7 2.7 0.6 0.0 0.0 0.7

Miscellaneous manufactured articles......... XX 1.006 129.1 131.8 11.2 2.8 0.5 0.3 2.1

Furniture; stuffed furnishings; lamps and

lighting fittings nesoi.......................... 94 0.538 150.2 150.7 8.7 5.0 -0.1 0.0 0.3

Toys, games and sports equipment; parts

and accessories thereof...................... 95 0.329 100.7 106.7 17.4 0.4 0.3 1.1 6.0

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

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

[2000=100, unless otherwise noted]

Description

Relative

importance

Jun.

20221

Index Percent change

Jun.

2022

Jul.

2022

Annual Monthly

Jul.

2021 to

Jul.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

May

2022 to

Jun.

2022

Jun.

2022 to

Jul.

2022

Industrialized Countries2

.................... 100.000 157.8 154.3 10.1 0.1 0.6 0.5 -2.2

Nonmanufacturing........................... 16.453 387.6 349.0 48.0 1.7 4.0 5.9 -10.0

Manufacturing................................ 82.671 140.0 139.3 5.5 -0.2 0.2 -0.4 -0.5

Canada.......................................... 100.000 219.8 208.9 21.5 0.5 2.6 1.4 -5.0

Nonmanufacturing........................... 40.110 389.8 349.5 49.6 1.8 4.1 6.3 -10.3

Manufacturing................................ 58.816 175.7 174.0 9.8 -0.5 1.9 -1.4 -1.0

European Union............................... 100.000 155.1 155.1 5.9 0.4 0.4 1.2 0.0

Manufacturing................................ 98.612 150.2 150.4 5.8 0.3 0.4 1.2 0.1

France (Dec. 2003=100)...................... 100.000 145.3 142.7 5.0 -0.1 -0.3 1.8 -1.8

Germany (Dec. 2003=100)................... 100.000 123.5 125.0 5.8 0.7 -0.2 0.7 1.2

United Kingdom (Dec. 2003=100).......... 100.000 139.1 137.6 6.3 -1.2 0.9 0.7 -1.1

Latin America3

................................. 100.000 176.2 174.0 10.7 1.3 1.1 0.1 -1.2

Nonmanufacturing........................... 19.086 403.0 376.6 31.7 3.5 2.9 2.8 -6.6

Manufacturing................................ 80.654 137.0 137.0 6.9 0.9 0.7 -0.6 0.0

Mexico (Dec. 2003=100)...................... 100.000 145.1 144.3 8.7 0.9 0.8 0.4 -0.6

Nonmanufacturing (Dec. 2008=100). . . . .. 12.469 208.1 195.2 35.0 4.6 1.7 1.3 -6.2

Manufacturing (Dec. 2008=100)........... 87.272 96.5 96.7 5.9 0.4 0.6 0.3 0.2

Pacific Rim (Dec. 2003=100)4............... 100.000 105.3 105.0 4.0 0.3 0.1 -0.1 -0.3

China (Dec. 2003=100)....................... 100.000 104.5 104.5 2.8 0.1 -0.1 -0.2 0.0

Japan............................................ 100.000 100.1 99.8 1.0 0.2 0.0 -0.1 -0.3

Taiwan (Dec. 2018=100)...................... 100.000 112.0 112.1 8.2 0.2 1.0 0.0 0.1

Asian NICs5

..................................... 100.000 101.3 100.1 8.7 0.1 1.5 -0.1 -1.2

ASEAN (Dec. 2003=100)6

.................... 100.000 106.2 105.2 5.0 0.6 1.2 0.2 -0.9

Asia Near East (Dec. 2003=100)7

........... 100.000 273.5 252.7 27.9 3.5 2.0 0.8 -7.6

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: July 2021 to July 2022

[December 2017=100, unless otherwise noted]

Description

Relative

importance

Jun.

20221

Index Percent change

Jun.

2022

Jul.

2022

Annual Monthly

Jul.

2021 to

Jul.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

May

2022 to

Jun.

2022

Jun.

2022 to

Jul.

2022

Industrialized Countries2

.................... 100.000 127.6 124.6 11.1 1.0 1.4 0.2 -2.4

Nonmanufacturing........................... 18.546 193.1 174.3 33.7 1.6 4.2 1.8 -9.7

Manufacturing................................ 79.828 119.1 118.5 7.7 0.9 0.8 -0.1 -0.5

Canada.......................................... 100.000 133.5 130.2 11.6 1.2 1.5 0.6 -2.5

Nonmanufacturing (Dec. 2020=100). . . . .. 14.047 196.8 173.5 29.1 2.1 4.5 2.6 -11.8

Manufacturing (Dec. 2020=100)........... 84.577 120.1 119.1 9.7 1.2 1.1 0.3 -0.8

European Union............................... 100.000 125.7 123.1 10.4 -0.1 1.5 0.6 -2.1

Nonmanufacturing........................... 22.692 185.4 169.8 33.2 -0.3 2.6 1.7 -8.4

Manufacturing................................ 75.663 114.9 114.8 6.1 0.0 1.1 0.3 -0.1

Germany........................................ 100.000 114.3 114.5 7.2 0.9 0.7 0.2 0.2

Latin America3

................................. 100.000 152.4 143.0 19.1 0.6 6.8 2.0 -6.2

Nonmanufacturing........................... 14.160 260.1 213.9 28.8 4.9 13.4 3.5 -17.8

Manufacturing................................ 85.210 143.0 137.0 17.8 0.0 5.9 1.6 -4.2

Mexico........................................... 100.000 147.1 139.8 14.8 1.3 4.9 2.1 -5.0

Nonmanufacturing........................... 13.093 253.1 198.6 27.4 9.8 18.4 4.5 -21.5

Manufacturing................................ 86.554 139.1 135.7 13.5 0.4 3.2 1.8 -2.4

Pacific Rim4.................................... 100.000 125.3 122.0 8.4 0.5 1.2 0.1 -2.6

Nonmanufacturing........................... 28.469 166.8 152.7 18.1 -1.2 3.1 -0.1 -8.5

Manufacturing................................ 69.307 114.7 115.1 6.5 1.3 0.7 0.1 0.3

China............................................ 100.000 126.4 120.2 9.7 0.0 1.6 1.7 -4.9

Nonmanufacturing........................... 38.928 160.2 143.8 24.1 -1.8 4.1 3.4 -10.2

Manufacturing................................ 59.522 113.8 112.8 3.2 1.2 0.3 0.5 -0.9

Japan............................................ 100.000 129.8 125.9 12.3 1.0 1.9 -0.8 -3.0

Nonmanufacturing........................... 34.727 189.3 171.0 29.4 -1.1 3.7 1.1 -9.7

Manufacturing................................ 63.882 111.1 111.8 6.6 2.4 1.2 -1.4 0.6

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: July 2021 to July 20221

[December 2017=100, unless otherwise noted]

Description

Index Percent change

Jun.

2022

Jul.

2022

Annual Monthly

Jul.

2021 to

Jul.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

May

2022 to

Jun.

2022

Jun.

2022 to

Jul.

2022

Industrialized Countries2

............................ 99.0 98.8 0.8 0.8 0.7 -0.2 -0.2

Canada.................................................. 79.8 81.9 -8.2 0.7 -1.1 -0.7 2.6

European Union...................................... 109.1 106.8 4.2 -0.5 1.1 -0.5 -2.1

Germany................................................ 106.5 105.4 1.2 0.2 0.9 -0.5 -1.0

Latin America3

........................................ 128.8 122.4 7.6 -0.7 5.6 2.0 -5.0

Mexico.................................................. 130.8 125.0 5.7 0.4 4.0 1.7 -4.4

Pacific Rim4............................................ 117.1 114.3 4.3 0.2 1.1 0.2 -2.4

China.................................................... 121.1 115.1 6.7 -0.1 1.6 1.9 -5.0

Japan.................................................... 123.8 120.5 11.2 0.8 2.0 -0.7 -2.7

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: July 2021

to July 2022

[2000=100, unless otherwise noted]

Description

Relative

importance

Jun.

20221

Index Percent change

Jun.

2022

Jul.

2022

Annual Monthly

Jul.

2021 to

Jul.

2022

Mar.

2022 to

Apr.

2022

Apr.

2022 to

May

2022

May

2022 to

Jun.

2022

Jun.

2022 to

Jul.

2022

Air Freight

Import Air Freight.................................... 100.000 383.5 332.7 1.5 -2.6 4.1 5.1 -13.2

Europe (Dec. 2003=100).......................... 24.351 308.9 305.5 21.4 13.7 1.5 -12.1 -1.1

Asia.................................................. 75.414 385.8 319.4 -4.9 -8.2 5.3 12.3 -17.2

Export Air Freight................................... 100.000 212.2 208.2 23.4 0.7 3.1 -1.1 -1.9

Europe (Dec. 2006=100).......................... 27.689 171.6 171.2 16.8 5.4 3.7 -4.9 -0.2

Asia (Dec. 2011=100).............................. 50.667 168.2 162.6 31.6 -2.5 1.8 1.2 -3.3

Inbound Air Freight................................. 100.000 268.7 249.1 0.1 -3.1 2.9 -0.8 -7.3

Europe (Dec. 2003=100).......................... 23.213 201.9 203.8 16.2 2.7 2.3 -12.1 0.9

Asia.................................................. 68.744 280.5 249.4 -2.3 -5.9 4.5 4.2 -11.1

Outbound Air Freight............................... 100.000 227.9 214.3 45.3 5.2 -1.3 3.7 -6.0

Europe (Dec. 2003=100).......................... 27.835 202.8 203.1 23.5 14.9 0.6 -3.5 0.1

Asia.................................................. 55.469 260.4 233.7 74.8 2.2 -4.3 8.8 -10.3

Air Passenger Fares

Import Air Passenger Fares....................... 100.000 191.1 190.8 11.6 3.6 3.2 10.1 -0.2

Europe............................................... 38.686 214.1 207.5 22.6 2.2 5.7 9.4 -3.1

Asia.................................................. 22.059 216.2 215.5 9.3 8.4 8.2 9.1 -0.3

Latin America/Caribbean.......................... 12.749 156.4 164.8 17.5 7.3 -5.7 24.1 5.4

Export Air Passenger Fares....................... 100.000 190.0 205.8 12.1 0.1 2.6 5.3 8.3

Europe............................................... 26.905 228.5 249.6 15.4 -0.7 4.3 6.5 9.2

Asia.................................................. 23.186 202.9 215.5 8.0 -14.5 7.3 1.6 6.2

Latin America/Caribbean.......................... 32.687 188.1 206.5 22.0 12.5 0.8 10.1 9.8

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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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. 

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