U.S. IMPORT AND EXPORT PRICE INDEXES – FEBRUARY 2021 

U.S. import prices advanced 1.3 percent in February following a 1.4-percent increase in January, the U.S. 

Bureau of Labor Statistics reported today. Higher fuel and nonfuel prices contributed to the advances in 

each of the past 2 months. Prices for U.S. exports also rose in February, increasing 1.6 percent, after

advancing 2.5 percent the previous month. 

Chart 1. One-month and 12-month percent changes in the Import Price Index: February 2020 – February 2021

Imports 

The price index for U.S. imports increased 1.3 percent in February following a 1.4-percent advance the 

previous month. The January rise was the largest monthly advance since March 2012. With the exception of 

a 0.1-percent downturn in October, import prices have increased each month since April 2020. Prices for 

U.S. imports rose 3.0 percent over the past year, the largest 12-month advance since the index increased 3.4 

percent from October 2017 to October 2018. (See table 1.) 

Coronavirus (COVID-19) Pandemic Impact on February 2021 Import and Export Price Index Data

The Bureau of Labor Statistics did not make changes to either the collection method or estimation 

methodology for the February 2021 release of U.S. Import and Export Price Indexes. Survey response rates 

for February were 5.2-percentage points lower than those in February 2020. Additional information is 

available at www.bls.gov/covid19/import-export-price-indexes-covid19-impacts-february-2021.htm. 

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Transmission of material in this release is embargoed until

8:30 a.m. (ET) Tuesday, March 16, 2021 

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

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

USDL-21-0436
2

Fuel Imports: Prices for import fuel advanced 11.1 percent in February, after increasing 9.0 percent in 

January, 7.3 percent in December, and 4.4 percent in November. The February rise was the largest advance 

since the index increased 15.2 percent in July 2020. An 11.3-percent rise in petroleum prices and an 11.2- 

percent advance in natural gas prices each contributed to the February increase in import fuel prices. The 

price index for import fuel rose 6.5 percent over the past year, the first 12-month advance since a 13.2-

percent increase in January 2020. Prices for petroleum imports rose 5.5 percent for the year ended in 

February and natural gas prices advanced 44.8 percent over the same period. 

 

All Imports Excluding Fuel: Nonfuel import prices increased 0.4 percent in February following advances 

of 0.9 percent in January and 0.4 percent in December. In February, higher prices for nonfuel industrial 

supplies and materials; foods, feeds, and beverages; capital goods; consumer goods; and automotive 

vehicles all contributed to the rise in nonfuel import prices. Prices for nonfuel imports increased 2.8 percent 

over the past 12 months, the largest over-the-year advance since the index rose 2.9 percent in January 2012. 

Nonfuel Industrial Supplies and Materials: Nonfuel industrial supplies and materials prices increased 1.5 

percent in February, after advancing 4.4 percent the previous month. The February rise was led by a 2.2-

percent increase in chemical prices and a 1.7-percent advance in unfinished metal prices. 

Finished Goods: Prices for each of the major finished goods categories rose in February. The price indexes 

for capital goods, consumer goods, and automotive vehicles all ticked up 0.1 percent. 

Foods, Feeds, and Beverages: Prices for import foods, feeds, and beverages advanced 1.6 percent in 

February, after increasing 1.8 percent the previous month. The February rise was led by higher prices for 

fruit, meat, and alcoholic beverages. 

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 2020 – February 2021 

Exports 

U.S export prices advanced 1.6 percent in February, after a 2.5-percent rise in January which was the largest 

1-month increase since the index was first published monthly in December 1988. Prices for U.S. exports 

advanced 5.2 percent for the year ended in February and have not recorded a monthly decline since the 

index fell 3.5 percent in April 2020. The February 12-month rise was the largest over-the-year increase 

since the index advanced 5.3 percent in June 2018. (See table 2.)

Agricultural Exports: The price index for agricultural exports rose 2.9 percent following a 6.0-percent 

increase the previous month. Export agricultural prices have not recorded a monthly drop since August 

2020. In February, higher prices for corn, fruit, soybeans, cotton, dairy products, meat, and wheat more than 

offset lower nut prices. Prices for agricultural exports advanced 16.1 percent over the past year, the largest 

12-month rise since the index increased 22.7 percent in September 2011. The advance was primarily led by 

higher soybean and corn prices. 

All Exports Excluding Agriculture: Nonagricultural export prices rose 1.5 percent in February, after 

increases of 2.2 percent in January and 1.3 percent in December. Higher prices for nonagricultural industrial 

supplies and materials, capital goods, consumer goods, and automotive vehicles all contributed to the 

February advance. Prices for nonagricultural exports rose 4.1 percent from February 2020 to February 2021, 

the largest 12-month increase since August 2018. 

Nonagricultural Industrial Supplies and Materials: Prices for nonagricultural industrial supplies and 

materials advanced 3.6 percent in February following a 5.8-percent rise the previous month. The February 

increase was led by an 8.8-percent rise in export fuel prices. 

Finished Goods: Prices for each of the major finished goods categories advanced in February. Capital goods 

prices increased 0.4 percent for the second consecutive month in February, driven by higher prices for 

transportation equipment excluding automobiles. Prices for consumer goods rose 0.3 percent in February, 

after declining 0.6 percent in January. The price index for medicinal, dental, and pharmaceutical materials 

was the largest contributor to the movement in both months. Automotive vehicle prices also rose in 

February, ticking up 0.1 percent. 

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Feb'20 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb'21

1-month percent change 12-month percent change
4

Measures of Import and Export Prices by Locality

Imports by Locality of Origin: The price index for imports from China rose 0.3 percent in February, after 

increasing 0.2 percent in January and 0.4 percent in December. The 0.9-percent advance from November to 

February was the largest 3-month increase since the index rose 1.0 percent for the 3 months ended 

November 2011. Prices for imports from China increased 1.2 percent over the past year, the largest 12-

month advance since June 2012. Import prices from Japan also rose in February, ticking up 0.1 percent 

following a 0.3-percent increase the previous month. The price index for imports from Japan advanced 0.7 

percent over the past 12 months, the largest over-the-year rise since the index increased 1.0 percent from 

December 2017 to December 2018. Prices for imports from Canada advanced 3.8 percent in February, led 

by higher fuel prices. Import prices from Mexico and the European Union each increased 0.7 percent in 

February. (See table 7.)

Exports by Locality of Destination: Prices for exports to China rose 0.6 percent in February, after ticking 

up 0.1 percent the previous month. The price index for exports to China increased 5.4 percent over the past 

12 months, the largest over-the-year advance since the index was first published in December 2017. Export 

prices to Japan rose 1.5 percent in February following a 2.0-percent increase in January. Prices for exports 

to Japan also recorded the largest 12-month increase since the index was first published in December 2017, 

advancing 6.2 percent. The price indexes for exports to Canada and Mexico also rose in February, 

increasing 1.1 percent and 2.3 percent, respectively. Export prices to the European Union advanced 1.3 

percent in February and 4.3 percent over the past 3 months. (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 rose 0.3 

percent in February, after edging down 0.1 percent the previous month. In February, rising export prices to 

China more than offset advancing import prices from China. The index for U.S. terms of trade with China 

increased 4.1 percent over the past year, the largest 12-month advance since the index was first published in 

December 2017. U.S. terms of trade with Japan rose 1.4 percent in February following a 1.7-percent 

increase in January. The index for U.S terms of trade with Japan has not recorded a monthly decrease since 

April 2020. U.S. terms of trade with Mexico and the European Union also advanced in February, rising 1.6 

percent and 0.6 percent, respectively. In contrast, U.S. terms of trade with Canada declined 2.6 percent in 

February. (See table 9.)

Import and Export Services

Imports: The index for import air passenger fares advanced 1.9 percent in February, after declining 5.6 

percent in January. In February, higher European fares more than offset lower Asian fares. Despite the 

February increase, import air passenger fares decreased 12.2 percent over the past 12 months. Import air 

freight prices fell 1.8 percent in February following a 5.8-percent decrease the previous month. Prior to that, 

prices for import air freight rose 21.6 percent from September to December. Even with the recent downturn, 

import air freight prices advanced 68.4 percent over the past year. (See table 10.)

Exports: Export air passenger fares declined 4.7 percent in February, after increasing 11.2 percent in 

January. The February decrease was driven by lower Latin American/Caribbean and Asian fares which 

more than offset higher European fares. Despite the drop, export air passenger fares advanced 13.5 percent 

for the year ended in February. Prices for export air freight fell 0.7 percent in February following a 1.4-

percent increase in January. Export air freight prices also declined over the past 12 months, decreasing 0.4 

percent from February 2020 to February 2021. 

 

U.S. Import and Export Price Index data for March are scheduled for release on Wednesday, April 14, 2021 at 

8:30 a.m. (ET).
Table 1. U.S. import price indexes and percent changes for selected categories of goods: February 2020 to

February 2021

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Jan.

20211

Index Percent change

Jan.

2021

Feb.

2021

Annual Monthly

Feb.

2020 to

Feb.

2021

Oct.

2020 to

Nov.

2020

Nov.

2020 to

Dec.

2020

Dec.

2020 to

Jan.

2021

Jan.

2021 to

Feb.

2021

All commodities................................... 100.000 126.4 128.0 3.0 0.1 1.0 1.4 1.3

All imports excluding food and fuels (Dec.

2010=100)........................................ 86.099 101.7 102.0 2.9 -0.1 0.4 0.9 0.3

All imports excluding petroleum.............. 93.030 115.0 115.6 2.9 0.0 0.4 0.9 0.5

All imports excluding fuels (Dec.

2001=100)........................................ 92.440 119.0 119.5 2.8 -0.2 0.4 0.9 0.4

Foods, feeds, & beverages................... 0 6.342 179.4 182.2 0.8 -2.2 0.2 1.8 1.6

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 4.937 194.7 198.4 1.5 -2.7 0.0 1.8 1.9

Nonagricultural foods (fish, distilled

beverages).................................. 01 1.405 145.6 146.0 -1.4 -0.1 0.7 1.8 0.3

Industrial supplies & materials.............. 1 22.368 192.6 201.7 10.9 1.3 4.0 5.9 4.7

Industrial supplies & materials excluding

petroleum.................................... 15.605 175.3 178.4 14.8 0.9 2.0 4.1 1.8

Industrial supplies & materials excluding

fuels (Dec. 2001=100)..................... 14.886 197.7 200.6 14.2 -0.2 2.3 4.4 1.5

Industrial supplies & materials, durable. . .. 9.828 201.2 203.7 19.7 -0.7 2.8 6.0 1.2

Industrial supplies & materials nondurable

excluding petroleum....................... 5.570 143.1 146.8 7.1 3.6 0.7 1.1 2.6

Fuels & lubricants............................. 10 7.560 184.8 205.3 6.5 4.4 7.3 9.0 11.1

Petroleum & petroleum products......... 100 6.970 196.7 219.0 5.5 2.5 8.5 9.9 11.3

Crude........................................ 10000 4.604 205.4 231.9 11.8 3.9 10.7 10.5 12.9

Fuels, n.e.s.-coals & gas.................. 101 0.495 136.0 149.9 38.8 37.9 -6.4 -1.6 10.2

Gas-natural.................................. 10110 0.418 126.3 140.5 44.8 44.2 -7.3 -2.2 11.2

Paper & paper base stocks.................. 11 0.469 108.3 109.3 -0.1 1.1 0.4 -1.3 0.9

Materials associated with nondurable

supplies & materials....................... 12 4.512 159.0 161.9 5.1 0.6 1.7 1.8 1.8

Selected building materials.................. 13 2.038 201.0 203.6 39.8 -9.4 2.9 13.9 1.3

Unfinished metals related to durable

goods........................................ 14 4.134 304.8 310.0 26.3 2.4 4.7 6.7 1.7

Finished metals related to durable

goods........................................ 15 1.883 166.6 169.2 8.0 0.9 0.9 1.7 1.6

Nonmetals related to durable goods. . . . . .. 16 1.773 114.3 114.2 1.1 0.3 0.4 0.5 -0.1

Capital goods................................... 2 28.333 88.5 88.6 1.0 0.0 -0.1 0.2 0.1

Electric generating equipment............... 20 3.480 121.2 121.1 0.2 0.0 0.0 -0.1 -0.1

Nonelectrical machinery...................... 21 22.250 80.4 80.6 1.3 0.0 -0.1 0.2 0.2

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 2.603 135.6 136.0 0.7 0.0 -0.1 0.0 0.3

Automotive vehicles, parts & engines..... 3 15.967 111.3 111.4 1.1 -0.1 0.0 0.4 0.1

Consumer goods, excluding

automotives.................................. 4 26.990 107.0 107.1 0.3 0.0 0.1 0.0 0.1

Nondurables, manufactured................. 40 13.706 123.8 124.1 0.1 -0.2 0.1 -0.5 0.2

Durables, manufactured...................... 41 12.207 91.3 91.3 0.4 0.1 0.1 0.4 0.0

Nonmanufactured consumer goods. . . . . . .. 42 1.077 117.6 117.6 0.9 0.1 0.7 0.3 0.0

1 Relative importance figures are based on 2019 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 2020 to

February 2021

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Jan.

20211

Index Percent change

Jan.

2021

Feb.

2021

Annual Monthly

Feb.

2020 to

Feb.

2021

Oct.

2020 to

Nov.

2020

Nov.

2020 to

Dec.

2020

Dec.

2020 to

Jan.

2021

Jan.

2021 to

Feb.

2021

All commodities................................... 100.000 128.7 130.8 5.2 0.8 1.2 2.5 1.6

Agricultural commodities....................... 10.156 201.7 207.5 16.1 3.5 1.0 6.0 2.9

All exports excluding food and fuels (Dec.

2010=100)........................................ 79.165 104.8 105.3 3.5 0.2 0.5 1.5 0.5

Nonagricultural commodities.................. 89.844 123.2 125.0 4.1 0.5 1.3 2.2 1.5

Foods, feeds, & beverages................... 0 9.324 205.2 210.6 15.0 3.4 0.6 5.8 2.6

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 8.850 205.3 210.9 16.5 3.6 0.7 6.0 2.7

Nonagricultural foods (fish, distilled

beverages).................................. 01 0.475 206.0 208.6 -5.4 0.4 0.5 0.9 1.3

Industrial supplies & materials.............. 1 34.202 158.3 164.0 11.3 2.0 3.5 5.8 3.6

Industrial supplies & materials, durable. . .. 11.345 197.7 195.7 14.1 0.9 0.9 7.0 -1.0

Industrial supplies & materials,

nondurable.................................. 22.857 142.2 150.5 9.6 2.6 5.1 5.3 5.8

Agricultural industrial supplies &

materials..................................... 10 1.280 186.0 192.8 13.4 2.7 2.9 6.3 3.7

Nonagricultural industrial supplies &

materials..................................... 32.923 157.5 163.1 11.2 1.9 3.5 5.8 3.6

Fuels & lubricants............................. 11 11.510 155.6 169.3 8.1 3.4 9.0 7.8 8.8

Nonagricultural supplies & materials

excluding fuels & building materials. . . .. 12 20.473 175.1 176.5 11.7 1.2 1.3 4.7 0.8

Selected building materials.................. 13 0.939 137.9 140.1 20.7 3.0 3.2 4.3 1.6

Capital goods................................... 2 34.607 111.7 112.1 0.7 -0.2 0.0 0.4 0.4

Electrical generating equipment............. 20 3.570 120.1 120.6 0.5 0.1 -0.3 0.0 0.4

Nonelectrical machinery...................... 21 22.656 94.6 94.7 -0.3 -0.2 -0.1 0.2 0.1

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 8.381 188.1 189.9 3.3 -0.3 0.5 1.1 1.0

Automotive vehicles, parts & engines..... 3 9.792 114.9 115.0 0.5 0.3 0.0 0.3 0.1

Consumer goods, excluding

automotives.................................. 4 12.075 109.7 110.0 -0.5 -0.5 0.3 -0.6 0.3

Nondurables, manufactured................. 40 6.081 107.7 108.1 -0.2 -0.5 0.4 -1.1 0.4

Durables, manufactured...................... 41 4.761 107.7 107.6 0.3 -0.8 0.1 -0.1 -0.1

Nonmanufactured consumer goods (Dec.

2018=100)................................... 42 1.233 94.5 94.5 -4.3 0.1 1.1 0.0 0.0

1 Relative importance figures are based on 2019 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 2020 to February

2021

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Jan.

20211

Index Percent change

Jan.

2021

Feb.

2021

Annual Monthly

Feb.

2020 to

Feb.

2021

Oct.

2020 to

Nov.

2020

Nov.

2020 to

Dec.

2020

Dec.

2020 to

Jan.

2021

Jan.

2021 to

Feb.

2021

Nonmanufacturing................................ 7.125 103.2 113.4 8.9 1.9 6.9 7.5 9.9

Agriculture, forestry, fishing and

hunting........................................ 11 1.926 176.6 179.6 0.8 -6.5 -0.2 3.1 1.7

Crop production............................... 111 1.557 186.3 190.8 1.9 -7.9 -0.9 3.0 2.4

Mining............................................ 21 5.199 95.1 107.4 12.3 5.2 9.4 9.2 12.9

Oil and gas extraction........................ 211 4.948 94.2 106.5 12.6 5.4 9.7 9.5 13.1

Mining (except oil and gas) (Dec.

2020=100)................................... 212 0.251 103.3 113.3 – – – 3.3 9.7

Manufacturing..................................... 92.475 113.0 113.6 2.4 0.0 0.5 1.0 0.5

Manufacturing, part 1......................... 31 11.493 126.5 127.3 1.3 -0.1 0.2 0.5 0.6

Food manufacturing.......................... 311 3.653 157.9 159.8 2.9 0.6 0.6 1.3 1.2

Beverage and tobacco product

manufacturing............................... 312 1.201 128.8 131.1 1.5 -1.2 0.2 0.2 1.8

Textile mills (Dec. 2011=100)............... 313 0.353 101.3 101.9 3.5 0.0 0.1 0.0 0.6

Textile product mills.......................... 314 0.952 107.0 107.1 0.3 -0.1 0.1 0.2 0.1

Apparel manufacturing....................... 315 3.726 112.8 112.8 0.2 -0.1 -0.1 0.1 0.0

Leather and allied product

manufacturing............................... 316 1.608 123.5 123.7 -0.4 -0.6 0.1 0.1 0.2

Manufacturing, part 2......................... 32 18.952 126.7 128.9 3.5 -0.9 1.4 2.3 1.7

Wood product manufacturing (Dec.

2019=100)................................... 321 1.361 176.8 180.6 75.7 -15.0 4.5 22.9 2.1

Paper manufacturing......................... 322 0.937 106.6 107.1 -0.1 0.8 0.6 -0.7 0.5

Petroleum and coal products

manufacturing............................... 324 2.166 81.7 87.5 -9.4 -0.7 3.6 7.9 7.1

Chemical manufacturing..................... 325 10.788 138.9 140.6 1.8 0.2 1.1 0.1 1.2

Plastics and rubber products

manufacturing............................... 326 2.491 123.3 124.0 4.3 0.7 0.2 0.4 0.6

Nonmetallic mineral product

manufacturing............................... 327 1.019 131.6 131.3 0.0 0.2 0.2 0.5 -0.2

Manufacturing, part 3......................... 33 62.030 105.9 106.1 2.4 0.2 0.4 0.7 0.2

Primary metal manufacturing................ 331 4.607 197.1 199.5 23.5 2.6 3.7 5.6 1.2

Fabricated metal product manufacturing... 332 3.228 128.6 130.3 3.2 0.2 0.6 0.9 1.3

Machinery manufacturing.................... 333 7.898 120.6 120.6 1.0 0.1 0.1 0.2 0.0

Computer and electronic product

manufacturing............................... 334 16.487 71.6 71.7 0.0 -0.1 -0.1 0.1 0.1

Electrical equipment, appliance, and

component manufacturing................. 335 5.278 117.6 117.3 -0.2 -0.1 0.1 -0.2 -0.3

Transportation equipment manufacturing... 336 17.263 110.5 110.6 1.1 -0.1 0.1 0.3 0.1

Furniture and related product

manufacturing............................... 337 1.766 115.9 116.0 0.3 0.2 0.3 0.4 0.1

Miscellaneous manufacturing............... 339 5.504 121.7 121.7 2.2 0.2 0.4 0.9 0.0

1 Relative importance figures are based on 2019 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 2020 to February

2021

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Jan.

20211

Index Percent change

Jan.

2021

Feb.

2021

Annual Monthly

Feb.

2020 to

Feb.

2021

Oct.

2020 to

Nov.

2020

Nov.

2020 to

Dec.

2020

Dec.

2020 to

Jan.

2021

Jan.

2021 to

Feb.

2021

Nonmanufacturing................................ 11.924 135.2 143.9 19.9 6.0 3.1 8.2 6.4

Agriculture, forestry, fishing and

hunting........................................ 11 5.344 180.0 186.8 24.1 4.9 0.1 10.0 3.8

Crop production............................... 111 5.009 190.4 197.2 24.9 5.1 0.0 10.6 3.6

Mining............................................ 21 6.580 74.3 80.7 15.6 7.4 6.6 6.8 8.6

Mining (except oil and gas).................. 212 1.055 96.5 98.0 0.9 2.5 3.5 4.3 1.6

Manufacturing..................................... 86.093 118.2 119.5 2.8 0.3 1.0 1.5 1.1

Manufacturing, part 1......................... 31 6.703 146.2 148.2 4.8 1.7 0.8 1.3 1.4

Food manufacturing.......................... 311 4.653 165.0 167.9 5.1 2.1 0.7 1.5 1.8

Beverage and tobacco product

manufacturing............................... 312 0.635 136.9 137.9 12.3 0.7 3.4 3.4 0.7

Manufacturing, part 2......................... 32 23.598 111.9 115.5 4.7 0.8 3.3 2.8 3.2

Wood product manufacturing (Dec.

2017=100)................................... 321 0.495 112.4 115.0 24.1 2.0 2.4 4.9 2.3

Paper manufacturing......................... 322 1.436 120.0 121.8 3.4 -0.2 0.3 1.5 1.5

Petroleum and coal products

manufacturing............................... 324 4.961 91.4 99.8 2.5 -1.2 12.0 10.0 9.2

Chemical manufacturing..................... 325 13.574 121.8 124.4 6.4 1.4 1.7 0.9 2.1

Plastics and rubber products

manufacturing............................... 326 2.146 115.9 116.2 -0.8 0.1 0.3 -0.1 0.3

Nonmetallic mineral product

manufacturing............................... 327 0.792 122.8 123.0 5.5 2.1 2.0 1.2 0.2

Manufacturing, part 3......................... 33 55.792 118.2 118.3 1.8 -0.1 0.0 1.0 0.1

Primary metal manufacturing................ 331 4.373 194.0 190.7 18.1 1.3 -1.0 7.9 -1.7

Fabricated metal product manufacturing... 332 2.908 153.2 153.8 2.3 -0.9 0.1 1.9 0.4

Machinery manufacturing.................... 333 9.037 130.4 130.6 0.0 -0.4 0.0 0.5 0.2

Computer and electronic product

manufacturing............................... 334 13.291 81.5 81.5 -1.0 -0.6 -0.1 0.1 0.0

Electrical equipment, appliance, and

component manufacturing................. 335 3.625 118.1 118.6 0.7 0.2 -0.7 0.1 0.4

Transportation equipment manufacturing... 336 17.068 131.3 131.9 1.8 0.1 0.2 0.8 0.5

Furniture and related product

manufacturing (Dec. 2011=100).......... 337 0.385 129.8 129.8 4.9 0.0 0.2 2.2 0.0

Miscellaneous manufacturing............... 339 5.105 119.5 119.6 -0.4 0.0 0.3 -0.2 0.1

1 Relative importance figures are based on 2019 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 2020 to

February 2021

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jan.

20211

Index Percent change

Jan.

2021

Feb.

2021

Annual Monthly

Feb.

2020 to

Feb.

2021

Oct.

2020 to

Nov.

2020

Nov.

2020 to

Dec.

2020

Dec.

2020 to

Jan.

2021

Jan.

2021 to

Feb.

2021

Live animals; animal products................. I 1.387 198.7 199.4 0.4 0.0 1.6 2.4 0.4

Meat and edible meat offal..................... 02 0.384 279.4 291.7 8.9 0.5 2.1 1.2 4.4

Fish and crustaceans, molluscs and other

aquatic invertebrates......................... 03 0.722 137.7 134.4 -5.2 -0.7 1.6 3.0 -2.4

Vegetable products............................... II 1.946 206.9 213.4 3.2 -7.3 -1.2 3.2 3.1

Edible vegetables, roots, and tubers.......... 07 0.391 432.9 438.1 -12.1 -14.8 -7.7 3.8 1.2

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.681 103.5 109.2 0.8 -11.6 -0.4 5.5 5.5

Coffee, tea, mate and spices.................. 09 0.367 222.5 232.7 8.4 0.4 2.4 -0.2 4.6

Animal or vegetable fats and oils (Dec.

2009=100)........................................ III 0.325 107.4 107.7 20.6 10.3 3.9 2.8 0.3

Prepared foodstuffs, beverages, and

tobacco........................................... IV 3.076 169.6 171.5 0.9 -0.4 0.1 0.2 1.1

Cocoa and cocoa preparations (Dec.

2009=100)..................................... 18 0.214 99.2 99.8 -3.0 -0.2 0.8 -1.4 0.6

Preparations of vegetables, fruit, nuts, or

other parts of plants.......................... 20 0.349 168.9 174.9 2.1 -0.1 0.2 0.0 3.6

Beverages, spirits, and vinegar................ 22 1.164 140.9 143.3 2.2 0.0 0.4 0.3 1.7

Mineral products.................................. V 7.680 187.2 208.3 7.1 4.5 6.9 8.7 11.3

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 7.346 182.9 203.8 7.1 4.7 7.1 8.9 11.4

Products of the chemical or allied

industries........................................ VI 10.150 156.7 158.1 0.8 0.3 1.1 -0.1 0.9

Inorganic chemicals............................. 28 0.503 287.5 295.1 1.0 1.6 2.5 3.2 2.6

Organic chemicals............................... 29 2.271 128.0 128.1 0.9 0.6 2.7 1.0 0.1

Pharmaceutical products....................... 30 5.310 152.5 153.0 -1.2 -0.1 0.1 -1.4 0.3

Fertilizers (Dec. 2020=100).................... 31 0.268 100.7 109.9 – – – 0.7 9.1

Miscellaneous chemical products............. 38 0.622 107.8 107.8 6.3 0.7 2.5 2.0 0.0

Plastics and articles thereof; rubber and

articles thereof.................................. VII 3.882 151.0 152.8 9.8 1.1 0.8 1.7 1.2

Plastics and articles thereof.................... 39 2.504 148.6 150.7 6.4 0.8 0.5 1.2 1.4

Rubber and articles thereof.................... 40 1.379 158.1 159.3 16.8 2.0 1.4 2.7 0.8

Articles of leather; travel goods, bags, etc.

of various materials........................... 42 0.542 131.3 131.6 0.1 0.0 0.1 0.1 0.2

Wood, wood charcoal, cork, straw,

basketware and wickerwork................. IX 1.396 255.6 261.8 75.5 -14.1 4.3 21.6 2.4

Wood and articles of wood; wood charcoal

(Dec. 2019=100).............................. 44 1.372 178.6 183.0 77.8 -14.4 4.4 22.1 2.5

Woodpulp, recovered paper, and paper

products......................................... X 0.961 111.6 111.8 -0.8 0.9 -0.1 0.0 0.2

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 0.644 104.1 104.0 -3.4 0.5 0.1 0.2 -0.1

Textile and textile articles....................... XI 4.838 114.4 114.4 0.3 -0.1 0.0 0.0 0.0

Articles of apparel and clothing accessories,

knitted or crocheted.......................... 61 1.960 105.0 105.0 -0.4 -0.2 -0.1 0.3 0.0

Articles of apparel and clothing accessories,

not knitted or crocheted...................... 62 1.620 122.1 122.0 0.8 0.0 -0.1 -0.1 -0.1

Made-up or worn textile articles............... 63 0.658 100.3 100.3 -0.5 -0.5 -0.1 0.2 0.0

Headgear, umbrellas, artificial flowers,

etc................................................. XII 1.384 123.5 123.6 -0.6 -0.8 0.0 0.0 0.1

Footwear and parts of such articles........... 64 1.159 121.8 121.9 -0.7 -1.1 0.0 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 2020 to

February 2021 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jan.

20211

Index Percent change

Jan.

2021

Feb.

2021

Annual Monthly

Feb.

2020 to

Feb.

2021

Oct.

2020 to

Nov.

2020

Nov.

2020 to

Dec.

2020

Dec.

2020 to

Jan.

2021

Jan.

2021 to

Feb.

2021

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.917 132.2 131.1 -0.9 0.0 0.5 0.2 -0.8

Articles of stone, plaster, cement, asbestos,

or mica (Dec. 2020=100).................... 68 0.333 100.2 98.1 – – – 0.2 -2.1

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 3.104 236.4 235.7 12.9 0.6 1.2 4.6 -0.3

Base metals and articles of base metals. . .. XV 5.659 186.2 189.8 13.0 1.9 2.9 3.4 1.9

Iron and steel.................................... 72 1.056 231.7 238.5 18.4 1.1 5.0 9.1 2.9

Articles of iron or steel.......................... 73 1.634 149.8 152.3 3.9 0.4 0.7 1.1 1.7

Copper and articles thereof.................... 74 0.495 345.2 346.1 34.6 4.1 6.2 2.8 0.3

Aluminum and articles thereof................. 76 1.047 152.3 152.5 21.7 5.7 5.4 3.3 0.1

Tools, implements, cutlery, spoons and

forks, of base metal; parts thereof.......... 82 0.432 122.9 123.2 0.2 0.1 0.0 0.3 0.2

Miscellaneous articles of base metal. . . . . . . .. 83 0.530 135.9 136.2 1.3 0.1 0.1 1.5 0.2

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 29.916 79.0 79.1 0.5 0.0 -0.1 0.1 0.1

Machinery and mechanical appliances;

parts thereof................................... 84 15.427 84.9 85.0 1.2 -0.1 -0.1 0.1 0.1

Electrical machinery and equip, sound and

TV recorders & reproducers, parts......... 85 14.489 73.5 73.5 -0.3 0.0 0.1 0.1 0.0

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 14.258 115.2 115.3 1.1 -0.1 0.0 0.3 0.1

Motor vehicles and their parts................. 87 13.029 114.5 114.5 1.1 -0.1 0.1 0.4 0.0

Aircraft, spacecraft, and parts thereof (Dec.

2020=100)..................................... 88 1.131 99.8 100.2 – – – -0.2 0.4

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 4.271 102.5 102.6 0.7 0.0 0.0 0.2 0.1

Optical, photographic, measuring and

medical instruments.......................... 90 3.985 98.5 98.6 0.6 0.0 0.0 0.0 0.1

Miscellaneous manufactured articles......... XX 4.209 111.0 111.0 -0.4 -0.2 0.2 0.2 0.0

Furniture & stuffed furnishings; lamps &

lighting fittings, nesoi; prefab bldgs......... 94 2.595 117.3 117.3 0.2 -0.1 0.3 0.3 0.0

Toys, games and sports equipment; parts

and accessories thereof...................... 95 1.342 100.7 100.5 -1.5 -0.3 0.1 -0.2 -0.2

Miscellaneous manufactured articles. . . . . . . .. 96 0.272 127.5 127.5 0.2 0.0 0.1 0.6 0.0

1 Relative importance figures are based on 2019 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 2020 to

February 2021

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jan.

20211

Index Percent change

Jan.

2021

Feb.

2021

Annual Monthly

Feb.

2020 to

Feb.

2021

Oct.

2020 to

Nov.

2020

Nov.

2020 to

Dec.

2020

Dec.

2020 to

Jan.

2021

Jan.

2021 to

Feb.

2021

Live animals; animal products................. I 1.910 216.7 221.1 3.4 2.8 -1.0 0.9 2.0

Meat & edible meat offal (Dec. 2006=100)... 02 1.212 174.4 176.5 7.6 1.4 0.4 3.0 1.2

Fish and crustaceans, mollusks and aquatic

invertebrates (Dec. 2016=100).............. 03 0.293 110.3 111.0 -8.6 0.4 0.1 1.3 0.6

Dairy products, eggs and honey (Dec.

2020=100)..................................... 04 0.333 94.0 100.2 – – – -6.0 6.6

Vegetable products............................... II 4.920 237.6 246.1 26.5 5.9 -0.2 9.7 3.6

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.941 135.2 139.5 2.3 1.6 2.3 4.4 3.2

Cereals............................................ 10 1.366 243.5 260.1 29.9 6.4 1.0 11.5 6.8

Oilseeds and misc. grains, seeds, fruits,

plants, straw and fodder..................... 12 2.182 268.5 274.0 45.5 7.6 5.4 11.8 2.0

Prepared foodstuffs, beverages, and

tobacco........................................... IV 3.009 163.0 164.2 5.7 0.9 1.3 2.5 0.7

Miscellaneous edible preparations (Dec.

2017=100)..................................... 21 0.613 101.0 100.7 0.0 0.3 0.5 0.2 -0.3

Beverages, spirits, and vinegar (Dec.

2008=100)..................................... 22 0.515 109.6 110.0 2.1 0.3 0.3 0.3 0.4

Residues and waste from the food

industries; prepared animal feed............ 23 0.807 267.3 275.1 22.4 2.8 4.3 8.7 2.9

Mineral products.................................. V 11.501 189.1 205.5 8.9 3.4 9.2 8.0 8.7

Ores, slag and ash (Dec. 2012=100)......... 26 0.538 112.7 113.9 24.5 0.7 5.7 6.1 1.1

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 10.798 179.0 195.4 8.4 3.6 9.6 8.2 9.2

Products of the chemical or allied

industries........................................ VI 11.227 142.1 144.1 5.1 1.1 1.6 0.4 1.4

Inorganic chemicals............................. 28 0.667 137.0 137.6 -1.7 -0.1 0.4 1.3 0.4

Organic chemicals............................... 29 2.812 163.6 171.1 23.3 6.2 5.4 3.0 4.6

Pharmaceutical products....................... 30 3.394 108.0 108.5 0.3 -0.9 0.7 -1.4 0.5

Essential oils and resinoids; perfumery

cosmetic or toilet preparations.............. 33 0.865 129.9 129.9 1.3 0.1 0.1 1.2 0.0

Soap; lubricants; waxes, polishing or

scouring products; candles, pastes......... 34 0.441 124.9 125.7 0.2 -0.3 -0.2 -0.2 0.6

Miscellaneous chemical products............. 38 1.933 155.8 156.0 -1.3 0.2 -0.3 -0.3 0.1

Plastics and articles thereof; rubber and

articles thereof.................................. VII 5.143 148.2 152.6 7.6 1.8 1.8 1.9 3.0

Plastics and articles thereof.................... 39 4.310 146.6 151.6 9.3 2.1 2.1 2.3 3.4

Rubber and articles thereof.................... 40 0.832 151.8 152.8 -0.3 0.3 0.3 0.3 0.7

Wood, wood charcoal, cork, straw, baskets

and wickerwork (Dec. 2014=100)............ IX 0.595 110.5 112.8 24.5 2.4 2.4 4.4 2.1

Woodpulp, recovered paper, and paper

products......................................... X 1.805 127.3 127.3 8.1 0.1 2.2 2.3 0.0

Woodpulp and recovered paper (Dec.

2019=100)..................................... 47 0.583 127.2 130.8 30.1 0.6 7.7 3.3 2.8

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 0.948 125.2 125.8 2.6 -0.2 0.1 2.0 0.5

Textile and textile articles....................... XI 1.670 122.2 124.6 3.1 0.8 0.3 2.1 2.0

Cotton, including yarns and woven fabrics

thereof.......................................... 52 0.534 126.8 134.2 12.5 3.2 1.5 7.5 5.8

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.796 134.7 134.7 6.4 1.2 1.3 1.8 0.0

Glass and glassware (Dec. 2019=100)....... 70 0.433 99.1 99.1 -0.9 -0.1 0.0 -0.1 0.0

See footnotes at end of table.

11
Table 6. U.S. export price indexes and percent changes for selected categories of goods: February 2020 to

February 2021 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jan.

20211

Index Percent change

Jan.

2021

Feb.

2021

Annual Monthly

Feb.

2020 to

Feb.

2021

Oct.

2020 to

Nov.

2020

Nov.

2020 to

Dec.

2020

Dec.

2020 to

Jan.

2021

Jan.

2021 to

Feb.

2021

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 4.719 314.1 309.3 11.4 0.4 -1.3 4.6 -1.5

Base metals and articles of base metals. . .. XV 5.005 183.8 182.2 17.0 1.0 3.0 9.9 -0.9

Iron and steel (Dec. 2020=100)............... 72 1.204 133.1 127.2 – – – 33.1 -4.4

Copper and articles thereof.................... 74 0.594 229.0 226.3 31.0 4.4 7.8 5.2 -1.2

Aluminum and articles thereof................. 76 0.869 128.9 129.4 28.1 2.7 9.6 8.4 0.4

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 27.454 98.0 98.3 0.4 -0.4 -0.1 0.5 0.3

Machinery and mechanical appliances;

parts thereof................................... 84 16.385 116.3 116.8 0.8 -0.3 0.0 1.0 0.4

Electrical machinery and equipment and

parts and accessories thereof............... 85 11.069 78.4 78.6 0.1 -0.4 -0.3 -0.3 0.3

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 12.468 139.0 139.2 0.9 0.1 0.3 0.4 0.1

Motor vehicles and their parts................. 87 8.080 117.0 117.1 0.3 0.3 0.1 0.3 0.1

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 5.944 110.1 110.2 -0.6 0.0 0.2 -0.2 0.1

Miscellaneous manufactured articles......... XX 1.264 115.5 116.2 2.2 -0.2 0.1 1.6 0.6

Furniture; stuffed furnishings; lamps and

lighting fittings nesoi;......................... 94 0.714 136.9 136.9 3.9 -0.1 -0.1 2.4 0.0

Toys, games and sports equipment; parts

and accessories thereof...................... 95 0.398 87.9 89.0 -0.4 0.0 0.2 0.8 1.3

1 Relative importance figures are based on 2019 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 2020 to February 2021

[2000=100, unless otherwise noted]

Description

Relative

importance

Jan.

20211

Index Percent change

Jan.

2021

Feb.

2021

Annual Monthly

Feb.

2020 to

Feb.

2021

Oct.

2020 to

Nov.

2020

Nov.

2020 to

Dec.

2020

Dec.

2020 to

Jan.

2021

Jan.

2021 to

Feb.

2021

Industrialized Countries2

.................... 100.000 130.3 132.5 6.2 -0.2 1.7 2.2 1.7

Nonmanufacturing........................... 8.236 169.9 188.6 22.9 3.1 10.2 6.9 11.0

Manufacturing................................ 90.874 125.9 127.0 4.2 -0.6 0.8 1.5 0.9

Canada.......................................... 100.000 145.6 151.2 15.6 -0.3 4.0 5.4 3.8

Nonmanufacturing........................... 23.366 166.4 185.4 24.8 3.2 10.5 7.1 11.4

Manufacturing................................ 75.166 142.2 144.5 12.0 -1.5 1.6 4.4 1.6

European Union............................... 100.000 140.2 141.2 2.8 -0.3 0.5 0.5 0.7

Manufacturing................................ 98.953 136.3 137.1 2.6 -0.3 0.5 0.4 0.6

France (Dec. 2003=100)...................... 100.000 129.6 131.8 3.0 0.0 0.4 -0.2 1.7

Germany (Dec. 2003=100)................... 100.000 116.1 116.6 2.6 0.0 0.5 1.0 0.4

United Kingdom (Dec. 2003=100).......... 100.000 125.9 127.5 3.0 0.0 1.5 1.9 1.3

Latin America3

................................. 100.000 147.0 148.8 3.3 -0.1 1.0 1.1 1.2

Nonmanufacturing........................... 12.088 231.3 249.4 2.4 -2.6 5.9 4.9 7.8

Manufacturing................................ 87.630 122.4 122.7 3.6 0.2 0.4 0.7 0.2

Mexico (Dec. 2003=100)...................... 100.000 128.2 129.1 2.7 -0.9 0.2 0.8 0.7

Nonmanufacturing (Dec. 2008=100). . . . .. 6.811 119.7 132.8 2.3 -12.1 5.5 5.5 10.9

Manufacturing (Dec. 2008=100)........... 92.938 89.2 89.2 2.9 0.0 -0.2 0.5 0.0

Pacific Rim (Dec. 2003=100)4............... 100.000 98.7 99.0 1.4 0.1 0.2 0.5 0.3

China (Dec. 2003=100)....................... 100.000 98.9 99.2 1.2 0.1 0.4 0.2 0.3

Japan............................................ 100.000 97.5 97.6 0.7 0.0 0.2 0.3 0.1

Taiwan (Dec. 2018=100)...................... 100.000 98.7 99.1 0.7 0.5 0.2 0.2 0.4

Asian NICs5

..................................... 100.000 87.0 87.8 2.2 -0.3 0.5 0.8 0.9

ASEAN (Dec. 2003=100)6

.................... 100.000 99.5 100.5 3.0 0.4 0.4 0.9 1.0

Asia Near East (Dec. 2003=100)7

........... 100.000 168.1 176.0 0.9 1.2 4.3 6.3 4.7

1 Relative importance figures are based on 2019 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 2020 to February

2021

[December 2017=100, unless otherwise noted]

Description

Relative

importance

Jan.

20211

Index Percent change

Jan.

2021

Feb.

2021

Annual Monthly

Feb.

2020 to

Feb.

2021

Oct.

2020 to

Nov.

2020

Nov.

2020 to

Dec.

2020

Dec.

2020 to

Jan.

2021

Jan.

2021 to

Feb.

2021

Industrialized Countries2

.................... 100.000 105.6 106.5 3.9 0.7 0.7 1.1 0.9

Nonmanufacturing........................... 10.604 105.5 111.9 15.5 6.1 2.3 7.3 6.1

Manufacturing................................ 87.745 105.6 105.8 2.4 0.1 0.5 0.5 0.2

Canada.......................................... 100.000 107.5 108.7 5.0 1.2 0.5 1.9 1.1

Nonmanufacturing (Dec. 2020=100). . . . .. 8.765 109.5 117.8 – – – 9.5 7.6

Manufacturing (Dec. 2020=100)........... 89.721 101.2 101.8 – – – 1.2 0.6

European Union............................... 100.000 106.1 107.5 3.2 0.0 1.5 1.4 1.3

Nonmanufacturing........................... 11.610 98.4 106.0 14.3 4.1 7.4 9.0 7.7

Manufacturing................................ 86.927 106.3 106.8 1.4 -0.3 0.9 0.5 0.5

Germany........................................ 100.000 109.1 109.2 3.8 -0.3 0.7 1.1 0.1

Latin America3

................................. 100.000 102.6 105.4 7.1 0.8 2.0 4.0 2.7

Nonmanufacturing........................... 9.534 129.8 138.3 38.7 10.2 2.1 11.4 6.5

Manufacturing................................ 90.070 100.5 102.8 4.6 0.1 1.9 3.3 2.3

Mexico........................................... 100.000 102.5 104.9 6.5 1.1 1.0 3.2 2.3

Nonmanufacturing........................... 8.249 124.7 132.6 42.4 20.8 -0.6 8.1 6.3

Manufacturing................................ 91.319 100.9 103.0 4.3 -0.1 1.1 2.7 2.1

Pacific Rim4.................................... 100.000 103.0 104.0 5.2 1.1 1.2 1.9 1.0

Nonmanufacturing........................... 16.038 100.7 105.4 13.2 3.3 4.6 9.1 4.7

Manufacturing................................ 81.253 102.8 103.1 2.6 0.7 0.4 0.3 0.3

China............................................ 100.000 100.8 101.4 5.4 1.8 1.6 0.1 0.6

Nonmanufacturing........................... 14.654 101.2 105.1 20.3 4.5 8.0 12.1 3.9

Manufacturing................................ 83.346 101.9 102.1 2.4 1.4 0.5 -1.9 0.2

Japan............................................ 100.000 103.9 105.5 6.2 0.6 1.2 2.0 1.5

Nonmanufacturing........................... 20.615 103.7 111.6 20.9 5.2 5.8 9.4 7.6

Manufacturing................................ 77.338 102.3 102.1 2.0 -0.3 -0.2 0.1 -0.2

1 Relative importance figures are based on 2019 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 2020 to February 20211

[December 2017=100, unless otherwise noted]

Description

Index Percent change

Jan.

2021

Feb.

2021

Annual Monthly

Feb.

2020 to

Feb.

2021

Oct.

2020 to

Nov.

2020

Nov.

2020 to

Dec.

2020

Dec.

2020 to

Jan.

2021

Jan.

2021 to

Feb.

2021

Industrialized Countries2

............................ 99.2 98.4 -2.1 0.8 -1.0 -1.0 -0.8

Canada.................................................. 97.0 94.5 -9.1 1.5 -3.4 -3.3 -2.6

European Union...................................... 101.9 102.5 0.4 0.3 0.9 1.0 0.6

Germany................................................ 108.2 107.8 1.1 -0.3 0.1 0.2 -0.4

Latin America3

........................................ 103.9 105.5 3.7 0.9 0.9 2.8 1.5

Mexico.................................................. 103.1 104.8 3.7 2.0 0.9 2.4 1.6

Pacific Rim4............................................ 102.7 103.4 3.7 1.0 1.0 1.4 0.7

China.................................................... 102.0 102.3 4.1 1.7 1.2 -0.1 0.3

Japan.................................................... 101.8 103.2 5.4 0.5 1.0 1.7 1.4

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

2020 to February 2021

[2000=100, unless otherwise noted]

Description

Relative

importance

Jan.

20211

Index Percent change

Jan.

2021

Feb.

2021

Annual Monthly

Feb.

2020 to

Feb.

2021

Oct.

2020 to

Nov.

2020

Nov.

2020 to

Dec.

2020

Dec.

2020 to

Jan.

2021

Jan.

2021 to

Feb.

2021

Air Freight

Import Air Freight.................................... 100.000 302.3 296.9 68.4 9.8 6.4 -5.8 -1.8

Europe (Dec. 2003=100).......................... 25.260 248.0 248.0 71.7 0.5 0.5 2.4 0.0

Asia.................................................. 67.265 312.0 303.6 84.7 15.7 9.6 -9.2 -2.7

Export Air Freight................................... 100.000 168.2 167.0 -0.4 3.4 4.3 1.4 -0.7

Europe (Dec. 2006=100).......................... 30.141 140.9 152.5 -1.9 6.1 5.5 -4.5 8.2

Asia (Dec. 2011=100).............................. 40.888 119.9 114.4 -3.6 0.4 5.1 0.2 -4.6

Inbound Air Freight................................. 100.000 240.1 231.5 39.2 6.3 6.5 -1.4 -3.6

Europe (Dec. 2003=100).......................... 24.061 178.0 173.7 31.0 -0.8 0.0 5.4 -2.4

Asia.................................................. 66.396 248.5 237.3 53.1 10.8 10.1 -3.8 -4.5

Outbound Air Freight............................... 100.000 151.2 148.0 -22.1 4.9 5.1 -0.1 -2.1

Europe (Dec. 2003=100).......................... 31.009 160.7 172.0 6.8 8.0 6.5 -3.9 7.0

Asia.................................................. 47.633 144.7 133.0 -41.5 3.3 6.3 0.0 -8.1

Air Passenger Fares

Import Air Passenger Fares....................... 100.000 148.5 151.3 -12.2 -0.3 3.9 -5.6 1.9

Europe............................................... 36.166 131.9 140.5 -32.5 -3.1 -5.2 -4.4 6.5

Asia.................................................. 36.109 189.8 181.8 49.9 5.4 10.0 -5.4 -4.2

Latin America/Caribbean.......................... 6.012 99.7 99.5 -38.8 -0.8 2.5 -17.4 -0.2

Export Air Passenger Fares....................... 100.000 170.4 162.4 13.5 14.5 -9.5 11.2 -4.7

Europe............................................... 26.387 187.3 197.2 9.9 13.3 -0.2 3.7 5.3

Asia.................................................. 32.862 202.9 188.8 48.4 46.5 -24.5 23.4 -6.9

Latin America/Caribbean.......................... 22.339 155.6 128.7 -16.6 -6.5 -3.2 11.0 -17.3

1 Relative importance figures are based on 2019 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. 

Information from this release will be made available to sensory impaired individuals upon request. 

Voice phone: (202)-691-5200; Federal Relay Service: 1-(800)-877-8339.