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                     U.S. IMPORT AND EXPORT PRICE INDEXES
                                 - MAY 2007 -

     The U.S. Import Price Index rose 0.9 percent in May, the Bureau of 
Labor Statistics of the U.S. Department of Labor reported today, following a 
1.4 percent advance in April.  Higher prices for both petroleum and 
nonpetroleum imports contributed to the increase.  Export prices also advanced 
in May, rising 0.1 percent after a 0.3 percent increase the previous month.   
        

              Percent changes in import and export price indexes
                              by End Use category
                           -not seasonally adjusted-

                            IMPORTS                       EXPORTS

   Month                               Non-                Agri-     Nonagri-
                    All    Petroleum petroleum    All     cultural   cultural
                  Imports   Imports   Imports   Exports   Exports    Exports

2006
May                 1.8       6.4       0.7       0.7       0.6        0.7
June                0.1      -1.1       0.4       0.7       2.6        0.6
July                0.8       3.6       0.0       0.4       1.9        0.2
August              0.5       1.0       0.5       0.4       0.9        0.5
September          -2.2     -11.0       0.1      -0.4      -0.5       -0.4
October            -2.5     -10.4      -0.6      -0.3       1.0       -0.5
November            0.4      -1.6       1.0       0.4       4.4        0.1
December            1.1       4.0       0.5       0.6       2.4        0.5

2007
January            -1.2      -6.6      -0.1       0.4       0.6        0.5
February            0.4       1.7       0.0       0.8       2.8        0.6
March               1.6 r     8.7 r     0.3       0.7 r     2.1 r      0.5
April               1.4 r     6.6 r     0.3 r     0.3      -1.4 r      0.5 r
May                 0.9       2.7       0.5       0.1       0.0        0.2

May 2005-06         8.6      47.2       1.6       3.5      -1.5        3.9
May 2006-07         1.1      -4.6       2.8       4.3      18.2        3.4

r = revised to reflect late reports and corrections by respondents.


Import Goods
        
     Prices for overall imports increased 0.9 percent in May after rising 3.3 
percent over the previous three months.  Petroleum prices rose 2.7 percent in 
May after increases of 6.6 percent and 8.7 percent, respectively, in April and 
March.  Despite the recent increases, the price index for petroleum imports 
declined 4.6 percent over the past year.  Prices for nonpetroleum imports also 
increased in May, rising 0.5 percent, following a 0.3 percent advance in April.  
The May increase was the largest since a similar 0.5 percent rise in December.  
Nonpetroleum import prices increased 2.8 percent over the past 12 months 
while overall import prices rose 1.1 percent over the past year.
         
     The May increase in nonpetroleum import prices was led by a continued rise
in the price index for nonpetroleum industrial supplies and materials, which 
increased 1.8 percent for the month and 8.2 percent for the year ended in May.  
Higher metals prices led the advance as copper prices rose 15.4 percent for the 
second consecutive month.  Foods, feeds, and beverages prices and automotive 
vehicle prices also contributed to the increase in nonpetroleum import prices, 
rising 0.9 percent and 0.2 percent, respectively.  For the year ended in May, 
prices for foods, feeds, and beverages increased 7.9 percent and prices for 
automotive vehicles advanced 0.9 percent.
        
     The price indexes for capital goods and for consumer goods were unchanged 
in May.  Over the past 12 months, prices for capital goods fell 0.1 percent 
while prices for consumer goods rose 1.6 percent.
         

Export Goods 

     Export prices overall ticked up 0.1 percent in May following increases 
of 0.3 percent and 0.7 percent in April and March, respectively.  Nonagricultural 
export prices led the increase, rising 0.2 percent in May.  The rise followed 
advances of 0.5 percent in April and March, and continued an upward trend over 
the past year and a half.  Nonagricultural prices increased 3.4 percent for the 
year ended in May, while overall export prices advanced 4.3 percent for the same 
period.
        
     The increase in nonagricultural prices was driven by a rise in the price 
index for nonagricultural industrial supplies and materials, up 0.3 percent in May 
after advancing 1.3 percent and 1.8 percent in the previous two months.  Higher 
prices for chemicals and iron and steel products contributed to the increase.  
Prices for nonagricultural industrial supplies and materials rose 8.1 percent over 
the past year.     
        
     The price indexes for capital goods and consumer goods also increased in May, 
rising 0.1 percent and 0.3 percent, respectively.  Capital goods prices advanced 
0.8 percent over the past 12 months, while prices for consumer goods rose 2.4 
percent.  Automotive vehicle prices were unchanged for the month and increased 1.2 
percent for the year ended in May.
        
     The price index for agricultural exports was unchanged following a 1.4 percent 
drop in April.  The recent downturn followed a 14.1 percent increase for the index 
between September and March that was led by a sharp increase in corn prices.  Corn 
prices resumed an upward trend in May after a downturn in April, rising 6.7 percent 
for the month, but that was offset by lower prices for vegetables, soybeans, fruit, 
and fish.  Prices for agricultural exports rose 18.2 percent over the past year.  


Imports by Locality of Origin 
   
     The price index for imports from China rose 0.3 percent in May, the largest 
monthly increase since the index was first published in January 2004.   Over the 
past year, import prices from China ticked up 0.1 percent, the first time the index 
increased over a 12-month period.  Prices for imports from Japan recorded no change 
in May and fell 0.5 percent over the past 12 months.
        
     Higher petroleum prices in May contributed to increasing prices for imports 
from Canada, Mexico, and the European Union, which rose 1.2 percent, 0.5 percent, 
and 0.7 percent, respectively.  For the year ended in May, import prices from Canada 
rose 1.7 percent, while prices for imports from Mexico and the European Union 
increased 3.2 percent and 2.5 percent, respectively.
        
        
Import and Export Services

     Export post-secondary education prices increased 4.9 percent from the 2005/06 
academic year to the 2006/07 academic year, following a similar 5.1 percent advance 
the previous academic year.  Beginning with this release, annual price indexes will be 
published for export post-secondary education.   
        
     Export travel and tourism prices, which are lagged one month, rose 0.2 percent in 
April after a 2.2 percent increase in March.  

     Import air passenger fares rose 0.2 percent in May, following a 3.5 percent 
increase in April.  Export air passenger fares also increased in May, rising 3.9 
percent.  The index for import fares rose 3.9 percent for the year ended in May, while 
export fares increased 7.5 percent for the same period.    

     Prices for import air freight rose 1.1 percent in May, driven by a 3.3 percent 
advance in European air freight prices.  Import air freight prices increased 1.4 percent 
over the past year.  Export air freight prices advanced 0.3 percent in May and 2.5 
percent over the past 12 months.
         

                CONTENTS OF RELEASE

This news release includes the following tables:

Table 1    U.S. Import Price Indexes, by End Use
Table 2    U.S. Export Price Indexes, by End Use
Table 3    U.S. Import Price Indexes, by NAICS
Table 4    U.S. Export Price Indexes, by NAICS
Table 5    U.S. Import Price Indexes, by Harmonized System
Table 6    U.S. Export Price Indexes, by Harmonized System
Table 7    U.S. Import Price Indexes, by Locality of Origin
Table 8    U.S. International Price Indexes for Selected Transportation Services
Table 9    U.S. Export Price Indexes for Travel and Tourism Services
Table 10   U.S. Export Price Indexes for Post-secondary Education Services       
-------------------------------------------------------------------
Import and Export Price Index data for June 2007 are scheduled for release on July 13 at 
8:30 A.M. (E.D.T.).  


Table  1     U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
                  May 2006-May 2007          2000=100, unless otherwise noted
                                                                                    Index                     Percent Change
                                                                   Relative
                                                                    Import-                      Annual         Monthly
                                                                     ance                         May     Jan.    Feb.   March   April
 END                            Description                                                       2006    2007    2007    2007    2007
 USE                                                                April     April      May       to      to      to      to      to
                                                                     2007      2007      2007     May     Feb.   March   April    May
                                                                      1/                          2007    2007    2007    2007    2007

         ALL COMMODITIES.......................................... 100.000    117.5      118.5     1.1     0.4     1.6     1.4     0.9
         ALL IMPORTS EXCLUDING PETROLEUM..........................  81.739    106.2      106.7     2.8     0.0     0.3     0.3     0.5
         ALL IMPORTS EXCLUDING FUELS
                (Dec. 2001=100)...................................  79.277    108.7      109.1     2.3    -0.2     0.2     0.3     0.4

0          FOODS, FEEDS, & BEVERAGES..............................   4.380    126.3      127.4     7.9     0.2    -0.1     1.3     0.9

00              Agricultural foods, feeds & beverages,
                        excluding distilled beverages.............   3.334    137.7      139.1     9.4    -0.1    -0.2     1.9     1.0

01              Nonagricultural foods (fish, distilled beverages).   1.046    100.8      101.1     3.1     1.3     0.2    -0.5     0.3

1          INDUSTRIAL SUPPLIES & MATERIALS........................  36.090    176.2      180.2     1.1     1.0     4.9     3.7     2.3
              INDUSTRIAL SUPPLIES & MATERIALS
                    EXCLUDING PETROLEUM...........................  17.830    140.6      143.2     8.2     0.4     1.5     0.9     1.8
              INDUSTRIAL SUPPLIES & MATERIALS
                    EXCLUDING FUELS (Dec. 2001=100)...............  15.368    147.8      150.5     7.2    -0.3     1.0     1.1     1.8
              INDUSTRIAL SUPPLIES & MATERIALS,
                    DURABLE.......................................  10.039    143.7      147.3     9.1    -0.5     1.3     1.9     2.5
              INDUSTRIAL SUPPLIES & MATERIALS,
                    NONDURABLE EXCLUDING PETROLEUM................   7.792    135.9      137.2     7.0     1.6     1.6    -0.3     1.0

10               Fuels & lubricants...............................  20.720    221.9      227.7    -2.7     2.1     8.1     5.8     2.6
100                  Petroleum & petroleum products...............  18.257    228.0      234.2    -4.6     1.7     8.7     6.6     2.7
10000                        Crude................................  12.624    225.8      229.9    -6.1     3.3     6.3     6.6     1.8

101                  Fuels, n.e.s.-coals & gas....................   2.032    175.4      179.8     6.6     4.4     4.2    -2.3     2.5

10110                        Gas-natural..........................   1.870    171.9      176.4     7.4     4.8     4.6    -2.7     2.6

11               Paper & paper base stocks........................   0.841    110.6      110.9     0.5     0.0     0.1    -0.8     0.3

12               Materials associated with nondurable
                        supplies & materials......................   4.571    123.8      124.3     4.0     0.2     0.2    -0.2     0.4

13               Selected building materials......................   1.914    112.1      111.8    -6.8    -0.4     0.4     0.6    -0.3

14               Unfinished metals related to durable goods.......   4.731    209.3      217.5    20.7    -0.1     2.6     3.2     3.9

15               Finished metals related to durable goods.........   1.700    127.8      133.0     8.0    -2.5     0.6     1.9     4.1

16               Nonmetals related to durable goods...............   1.611    101.6      101.8     0.8     0.1    -0.2    -0.2     0.2

2          CAPITAL GOODS..........................................  21.777     90.9       90.9    -0.1    -0.3    -0.1    -0.2     0.0

20               Electric generating equipment....................   2.661    104.6      105.0     4.1    -0.1     0.1     0.4     0.4

21               Nonelectrical machinery..........................  17.444     86.9       86.8    -1.0    -0.5    -0.2    -0.3    -0.1

22               Transportation equipment excluding
                        motor vehicles (Dec. 2001=100)............   1.673    110.9      111.0     3.2     0.1     0.1     0.7     0.1

3          AUTOMOTIVE VEHICLES, PARTS & ENGINES...................  13.955    104.4      104.6     0.9     0.1     0.0     0.0     0.2

4          CONSUMER GOODS, EXCLUDING
                  AUTOMOTIVES.....................................  23.797    101.3      101.3     1.6     0.0     0.1     0.0     0.0

40               Nondurables, manufactured........................  11.003    104.2      104.4     1.9    -0.2     0.1     0.1     0.2

41               Durables, manufactured...........................  11.615     98.1       98.1     1.2     0.1     0.2    -0.2     0.0

42               Nonmanufactured consumer goods...................   1.179    102.3      102.3     4.0     0.0     0.1     0.1     0.0


     1   Relative importance figures are based on 2005 trade values.

     NOTES:  Data may be revised in each of the three months after original publication.
             n.a.  Not available


Table  2     U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
                  May 2006-May 2007          2000=100, unless otherwise noted
                                                                                       Index                     Percent Change
                                                                      Relative
                                                                       Import-                      Annual         Monthly
                                                                        ance                         May     Jan.    Feb.   March   April
 END                             Description                                                         2006    2007    2007    2007    2007
 USE                                                                   April     April      May       to      to      to      to      to
                                                                        2007      2007      2007     May     Feb.   March   April    May
                                                                         1/                          2007    2007    2007    2007    2007

         ALL COMMODITIES............................................. 100.000    115.1      115.2     4.3     0.8     0.7     0.3     0.1
         AGRICULTURAL COMMODITIES....................................   8.270    142.9      142.9    18.2     2.8     2.1    -1.4     0.0
         NONAGRICULTURAL COMMODITIES.................................  91.730    113.1      113.3     3.4     0.6     0.5     0.5     0.2

0          FOODS, FEEDS, & BEVERAGES.................................   7.606    145.3      145.0    18.9     3.2     2.4    -1.1    -0.2

00               Agricultural foods, feeds & beverages,
                        excluding distilled beverages................   6.890    146.8      147.0    20.6     3.4     2.5    -1.6     0.1

01               Nonagricultural foods (fish, distilled beverages)...   0.716    133.9      129.1     5.0     1.6     1.8     4.7    -3.6

1          INDUSTRIAL SUPPLIES & MATERIALS...........................  30.062    147.3      147.7     8.2     1.9     1.7     1.2     0.3
              INDUSTRIAL SUPPLIES & MATERIALS,
                    DURABLE..........................................  12.072    161.3      161.1    13.1     2.5     2.3     0.7    -0.1
              INDUSTRIAL SUPPLIES & MATERIALS,
                    NONDURABLE.......................................  17.989    139.7      140.6     5.4     1.5     1.4     1.5     0.6

10               Agricultural industrial supplies & materials........   1.380    126.8      126.1     8.3    -0.3     0.6    -0.5    -0.6

           NONAGRICULTURAL INDUSTRIAL SUPPLIES
                        & MATERIALS..................................  28.682    148.6      149.1     8.1     2.0     1.8     1.3     0.3

11               Fuels & lubricants..................................   4.459    198.4      197.1     1.1     4.8     3.6     5.1    -0.7

12               Nonagricultural supplies & materials
                        excluding fuels & building materials.........  23.110    144.4      145.2    10.0     1.6     1.6     0.6     0.6

13               Selected building materials.........................   1.113    112.9      113.4     4.0     0.4     0.4     0.2     0.4

2          CAPITAL GOODS.............................................  39.310     99.1       99.2     0.8     0.1    -0.1     0.0     0.1

20               Electrical generating equipment.....................   3.703    106.5      106.3     1.6     0.0     0.1     0.5    -0.2

21               Nonelectrical machinery.............................  28.468     92.4       92.5    -0.2     0.0     0.0    -0.3     0.1

22               Transportation equipment excluding
                        motor vehicles (Dec. 2001=100)...............   7.139    121.8      121.8     4.2     0.2     0.2     0.6     0.0

3          AUTOMOTIVE VEHICLES, PARTS & ENGINES......................  10.533    106.0      106.0     1.2     0.1     0.1     0.1     0.0

4          CONSUMER GOODS, EXCLUDING
                  AUTOMOTIVES........................................  12.489    105.4      105.7     2.4     0.0     0.0     0.6     0.3

40               Nondurables, manufactured...........................   5.904    105.4      105.9     2.8     0.1    -0.2     0.5     0.5

41               Durables, manufactured..............................   5.506    104.2      104.3     2.1    -0.2     0.1     0.8     0.1


     1   Relative importance figures are based on 2005 trade values.

     NOTES:  Data may be revised in each of the three months after original publication.
             n.a.  Not available


Table  3     U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
                  May 2006-May 2007          December 2005=100, unless otherwise noted
                                                                                         Index                     Percent Change
                                                                        Relative
                                                                         Import-                      Annual         Monthly
                                                                          ance                         May     Jan.    Feb.   March   April
NAICS                             Description                                                          2006    2007    2007    2007    2007
                                                                         April     April      May       to      to      to      to      to
                                                                          2007      2007      2007     May     Feb.   March   April    May
                                                                           1/                          2007    2007    2007    2007    2007

         Nonmanufactured Articles......................................  17.001    107.4      109.6    -2.5     3.3     5.0     5.3     2.0

11               AGRICULTURE AND LIVESTOCK PRODUCTS....................   1.542    113.5      114.1    18.1     1.3    -1.1     3.1     0.5
111                  Agricultural products.............................   1.064    113.0      112.5    22.7    -0.9    -1.9     4.7    -0.4

21               OIL, GAS, MINERALS AND ORES...........................  15.459    106.9      109.2    -4.0     3.5     5.6     5.6     2.2
212                  Minerals and ores (Dec. 2006=100).................   0.403    101.7      101.9    n.a.    -0.2    -0.9     1.2     0.2

         Manufactured Articles.........................................  82.368    104.5      105.2     2.2    -0.3     1.1     0.5     0.7

31               MANUFACTURED GOODS, PART 1............................  10.379    102.8      103.2     2.5     0.1     0.3     0.3     0.4
311                  Food and kindred products.........................   2.421    107.9      109.5     6.8     0.5     0.6     0.8     1.5
312                  Beverages and tobacco products....................   0.815    102.6      102.9     2.1     0.1     0.0    -0.1     0.3
313                  Textiles and fabrics..............................   0.504    105.6      105.6     3.2     0.5     0.4     0.3     0.0
314                  Textile mill products.............................   0.786    100.5      100.5     0.2     0.1    -0.2    -0.2     0.0
315                  Apparel and accessories...........................   4.355    100.6      100.7     0.9    -0.2     0.5     0.1     0.1
316                  Leather and allied products.......................   1.498    101.5      101.5     1.3     0.1     0.0     0.2     0.0

32               MANUFACTURED GOODS, PART 2............................  17.982    107.2      108.5     1.7    -0.8     4.0     1.6     1.2
321                  Wood products.....................................   1.222     90.9       90.7   -11.5    -1.1     0.1     1.1    -0.2
322                  Paper.............................................   1.366    103.3      103.6     0.5     0.2     0.0    -0.8     0.3
324                  Petroleum and coal products.......................   4.560    113.4      117.9    -4.7    -3.2    16.9     5.6     4.0
325                  Chemicals.........................................   7.908    108.8      109.2     8.3     0.2     0.5     0.7     0.4
326                  Plastics and rubber products......................   1.705    103.3      103.5     2.3    -0.1     0.3    -0.3     0.2
327                  Nonmetallic mineral products......................   1.113    104.8      104.8     2.0     0.3     0.2     0.0     0.0

33               MANUFACTURED GOODS, PART 3............................  54.007    104.0      104.5     2.4    -0.2     0.2     0.2     0.5
331                  Primary metals....................................   5.534    143.4      150.0    20.8    -1.1     2.3     3.2     4.6
332                  Fabricated metal products, nesoi..................   2.553    106.9      107.8     5.2    -0.1     0.8     0.1     0.8
333                  Machinery, except electrical......................   6.750    104.8      105.0     3.1     0.3     0.3     0.3     0.2
334                  Computer and electronic products..................  14.370     95.0       94.7    -3.7    -0.7    -0.3    -0.6    -0.3
335                  Electrical equipment, appliances, and components..   3.683    105.2      105.5     3.9     0.0     0.1     0.1     0.3
336                  Transportation equipment..........................  14.690    101.0      101.1     1.0     0.1     0.0     0.1     0.1
337                  Furniture and fixtures............................   1.486    101.1      101.0     1.0     0.1     0.1     0.0    -0.1
339                  Miscellaneous manufactured commodities............   4.941    105.8      105.9     3.8     0.4     0.2    -0.1     0.1


     1   Relative importance figures are based on 2005 trade values.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  4     U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
                  May 2006-May 2007          December 2005=100, unless otherwise noted
                                                                                         Index                     Percent Change
                                                                        Relative
                                                                         Import-                      Annual         Monthly
                                                                          ance                         May     Jan.    Feb.   March   April
NAICS                             Description                                                          2006    2007    2007    2007    2007
                                                                         April     April      May       to      to      to      to      to
                                                                          2007      2007      2007     May     Feb.   March   April    May
                                                                           1/                          2007    2007    2007    2007    2007

         Nonmanufactured Articles......................................   6.134    115.1      114.0    11.0     3.7     1.7    -1.7    -1.0

11               AGRICULTURE AND LIVESTOCK PRODUCTS....................   4.465    121.5      120.1    18.9     3.0     2.9    -2.7    -1.2
111                  Agricultural products.............................   4.009    121.8      121.3    21.1     3.1     2.9    -3.9    -0.4

21               OIL, GAS, MINERALS AND ORES...........................   1.669    100.9      100.6    -5.6     5.5    -1.2     1.1    -0.3
211                  Oil and gas.......................................   0.598    104.1      102.3    23.6    16.4    -5.6     6.7    -1.7
212                  Minerals and ores.................................   1.071     99.3       99.8   -15.1     0.4     1.2    -1.8     0.5

         Manufactured Articles.........................................  90.391    104.5      105.0     2.8     0.4     0.5     0.4     0.5

31               MANUFACTURED GOODS, PART 1............................   6.694    107.8      108.5     9.6     1.5     0.8     0.1     0.6
311                  Food and kindred products.........................   4.111    113.4      114.4    15.7     2.5     1.2     0.3     0.9
312                  Beverages and tobacco products....................   0.488    102.0      102.8     1.7     0.1     1.3    -0.3     0.8
313                  Textiles and fabrics..............................   0.968     98.3       98.4     2.3     0.0     0.1     0.1     0.1
315                  Apparel and accessories...........................   0.557    100.3      100.3     0.4     0.2     0.1    -0.1     0.0

32               MANUFACTURED GOODS, PART 2............................  22.481    107.8      108.5     3.7     0.7     1.0     1.2     0.6
321                  Wood products.....................................   0.562    109.4      109.6     7.3     1.3     1.7     0.3     0.2
322                  Paper.............................................   2.103    108.8      109.1     4.1     0.6    -0.1     0.5     0.3
324                  Petroleum and coal products.......................   2.546    121.6      121.1    -2.3     2.9     7.2     7.1    -0.4
325                  Chemicals.........................................  14.002    106.3      107.3     4.9     0.4     0.6     0.7     0.9
326                  Plastics and rubber products......................   2.310    103.8      103.4     1.1     0.2    -0.2    -0.1    -0.4
327                  Nonmetallic mineral products......................   0.850    105.7      106.5     7.1     0.3     0.1     0.3     0.8

33               MANUFACTURED GOODS, PART 3............................  61.216    103.0      103.4     1.9     0.2     0.2     0.2     0.4
331                  Primary metals....................................   4.203    123.6      126.8    12.0     0.9     3.1     1.2     2.6
332                  Fabricated metal products, nesoi..................   2.783    110.6      113.2     7.7     0.4     0.6     1.1     2.4
333                  Machinery, except electrical......................  12.145    104.5      104.8     3.5     0.2     0.2     0.3     0.3
334                  Computer and electronic products..................  17.142     96.1       96.0    -3.0    -0.2    -0.3    -0.3    -0.1
335                  Electrical equipment, appliances, and components..   3.597    103.8      103.8     2.8     0.3     0.0     0.4     0.0
336                  Transportation equipment..........................  16.539    103.8      103.9     2.4     0.1     0.1     0.2     0.1
339                  Miscellaneous manufactured commodities............   4.465    103.6      103.6     1.9    -0.1     0.1     0.6     0.0


     1   Relative importance figures are based on 2005 trade values.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  5     U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
                  May 2006-May 2007          2000=100, unless otherwise noted
                                                                                       Index                     Percent Change
                                                                      Relative
                                                                       Import-                      Annual         Monthly
Harmo-                                                                  ance                         May     Jan.    Feb.   March   April
nized                            Description                                                         2006    2007    2007    2007    2007
System                                                                 April     April      May       to      to      to      to      to
                                                                        2007      2007      2007     May     Feb.   March   April    May
                                                                         1/                          2007    2007    2007    2007    2007

I          LIVE ANIMALS; ANIMAL PRODUCTS.............................   1.172    123.3      126.9     7.6     1.7     0.4     0.7     2.9
02               Meat and edible meat offal..........................   0.309    143.4      145.7     5.5     0.5     0.0     0.8     1.6
03               Fish and crustaceans, molluscs and
                        other aquatic invertebrates..................   0.600    100.4      100.7     5.2     1.6     1.1    -0.3     0.3

II         VEGETABLE PRODUCTS........................................   1.186    130.9      129.2    18.6    -2.3    -1.7     5.3    -1.3
07               Edible vegetables, roots, and tubers................   0.354    205.1      189.3    36.7    -1.8    -4.7    14.6    -7.7
08               Edible fruit and nuts; peel of citrus
                        fruit or melons..............................   0.328     85.2       87.9     5.5    -6.8    -0.1     3.6     3.2
09               Coffee, tea, mate and spices........................   0.236    135.7      135.4    13.8    -0.9    -1.9     0.4    -0.2

IV         PREPARED FOODSTUFFS, BEVERAGES, AND
                     TOBACCO.........................................   2.052    122.3      122.9     3.2     0.5     0.3    -0.1     0.5
20               Preparations of vegetables, fruit,
                        nuts, or other parts of plants...............   0.268    122.0      122.4     4.7     0.2     0.7     0.2     0.3
22               Beverages, spirits, and vinegar.....................   0.781    110.1      110.4     0.6    -0.1     0.1    -0.4     0.3

V          MINERAL PRODUCTS..........................................  20.424    218.8      224.0    -3.9     2.0     7.8     5.5     2.4
27               Mineral fuels, oils and residuals,
                        bituminous substances and mineral wax........  20.036    218.3      223.6    -4.0     2.0     8.0     5.6     2.4

VI         PRODUCTS OF THE CHEMICAL OR ALLIED
                     INDUSTRIES......................................   7.215    122.4      122.9     8.3     0.1     0.5     0.7     0.4
28               Inorganic chemicals.................................   0.944    208.9      208.0    37.3     2.7     2.8     5.1    -0.4
29               Organic chemicals...................................   2.630    122.9      123.7     6.9    -0.7     0.3    -0.1     0.7
30               Pharmaceutical products.............................   2.004    107.4      107.8     1.7    -0.5    -0.5     0.1     0.4
32               Tanning & dyeing extracts; dye &
                        pigments; varnish & paints; putty............   0.178    101.8      101.4     2.9    -0.4     0.3    -0.1    -0.4
33               Essential oils and resinoids (Dec. 2001=100)........   0.413    112.2      113.8     6.5    -0.3     1.2     0.3     1.4
38               Miscellaneous chemical products.....................   0.418     94.0       96.2     4.8     0.4    -0.5    -0.3     2.3

VII        PLASTICS AND ARTICLES THEREOF; RUBBER
                     AND ARTICLES THEREOF............................   2.945    121.2      121.9     3.0     0.5     0.2     0.2     0.6
39               Plastics and articles thereof.......................   1.903    118.1      118.7     1.8    -0.1     0.3     0.3     0.5
40               Rubber and articles thereof.........................   1.042    127.5      128.2     5.3     1.6     0.2     0.2     0.5

VIII       RAW HIDES, SKINS, LEATHER, FURSKINS,
                     TRAVEL GOODS, ETC...............................   0.601    106.6      106.7     2.0     0.2     0.1     0.6     0.1
42               Articles of leather; travel goods, bags,
                        etc. of various materials....................   0.522    106.7      106.7     2.1     0.1     0.3     0.6     0.0

IX         WOOD, WOOD CHARCOAL, CORK, STRAW,
                     BASKETWARE AND WICKERWORK.......................   1.290    112.0      111.6   -10.6    -1.1     0.4     1.0    -0.4

X          WOODPULP, RECOVERED PAPER, AND
                 PAPER PRODUCTS......................................   1.555    107.6      107.9     0.6     0.1     0.1    -0.6     0.3
48               Paper and paperboard; articles of paper
                        pulp, paper or paperboard....................   1.064    103.9      104.1    -1.6     0.0     0.0    -1.0     0.2
49               Printed matter......................................   0.277    115.1      115.2     1.9    -0.1     0.3     0.1     0.1

XI         TEXTILE AND TEXTILE ARTICLES..............................   5.455    101.7      101.9     1.3    -0.1     0.4     0.1     0.2
61               Articles of apparel and clothing
                        accessories, knitted or crocheted............   1.952    100.4      100.4     0.3    -0.1     0.1     0.2     0.0
62               Articles of apparel and clothing
                        accessories, not knitted or crocheted........   2.202    100.6      100.8     1.5    -0.4     0.9     0.1     0.2
63               Made-up or worn textile articles....................   0.532     94.0       94.0     0.2     0.1    -0.3    -0.3     0.0

XII        HEADGEAR, UMBRELLAS,
                 ARTIFICIAL FLOWERS, ETC.............................   1.250    101.6      101.7     1.4     0.1     0.2     0.1     0.1
64               Footwear and  parts of such articles................   1.056    101.4      101.4     0.7     0.1    -0.1     0.0     0.0

XIII       STONE, PLASTER, CEMENT, ASBESTOS,
                 CERAMICS, GLASS ETC.................................   0.970    109.7      109.7     1.3    -0.1     0.4     0.2     0.0
68               Articles of stone, plaster, cement,
                        asbestos, or mica (Dec. 2001=100)............   0.340    102.7      102.7    -0.3     0.0     0.2    -0.2     0.0
69               Ceramic products....................................   0.304    114.7      114.8     3.1    -0.2     0.4     0.1     0.1
70               Glass and glassware.................................   0.327    110.6      110.8     1.4    -0.2     0.6     0.5     0.2

XIV        PEARLS, STONES, PRECIOUS METALS,
                 IMITATION JEWELRY, AND COINS........................   2.865    131.9      133.5     9.1     1.7     1.7    -0.7     1.2

XV         BASE METALS AND ARTICLES OF BASE METAL....................   6.655    168.8      174.5    16.1    -1.0     1.4     2.9     3.4
72               Iron and steel......................................   1.557    199.1      200.6    20.8     2.2     2.9     2.8     0.8
73               Articles of iron or steel...........................   1.463    127.2      127.5     2.7     0.3     0.4     0.2     0.2
74               Copper and articles thereof.........................   0.815    265.4      306.4    21.0   -11.8     1.0    11.4    15.4
76               Aluminum and articles thereof.......................   1.129    145.9      147.9     3.9    -0.9    -0.5    -0.1     1.4
82               Tools, implements, cutlery, spoons and
                        forks, of base metal; parts thereof..........   0.359    108.0      108.1     0.7     0.1     0.0     0.1     0.1
83               Miscellaneous articles of base metal................   0.481    124.4      124.8     6.2     0.6     0.2    -1.0     0.3

XVI        MACHINERY, ELECTRICAL EQUIPMENT, TV
                 IMAGE & SOUND RECORDERS, PARTS, ETC.................  24.516     87.6       87.5    -0.5    -0.2    -0.1    -0.2    -0.1
84               Machinery and mechanical appliances; parts thereof..  12.663     88.0       88.0    -0.2    -0.3    -0.2    -0.2     0.0
85               Electrical machinery and equip, sound
                        and TV recorders & reproducers, parts........  11.853     87.2       87.1    -0.7     0.0    -0.1    -0.3    -0.1

XVII       VEHICLES, AIRCRAFT, VESSELS AND
                 ASSOCIATED TRANSPORT EQUIPMENT......................  12.763    105.6      105.7     1.0     0.0     0.1     0.1     0.1
87               Motor vehicles and their parts......................  11.780    104.7      104.9     0.8     0.0     0.0     0.0     0.2
88               Aircraft, spacecraft, and parts
                        thereof (Dec. 2002=100)......................   0.869    108.6      108.8     2.5     0.2     0.1     0.6     0.2

XVIII      OPTICAL, PHOTO, MEASURING, MEDICAL &
                 MUSICAL INSTRUMENTS; & TIMEPIECES...................   3.013     99.3       99.2    -0.2    -0.9     0.2     0.2    -0.1
90               Optical, photographic, measuring and
                        medical instruments..........................   2.675     97.6       97.4    -0.7    -1.0     0.2     0.2    -0.2
91               Clocks and watches and parts thereof................   0.247    115.8      115.9     3.7    -0.2     0.6    -0.2     0.1

XX         MISCELLANEOUS MANUFACTURED ARTICLES.......................   3.857    100.9      100.8     1.6     0.0     0.0     0.1    -0.1
94               Furniture & stuffed furnishings; lamps &
                        lighting fittings, nesoi; prefab bldg........   2.195    104.5      104.3     1.4     0.1     0.1     0.1    -0.2
95               Toys, games and sports equipment; parts
                        and accessories thereof......................   1.450     95.8       95.8     1.6     0.0     0.0     0.0     0.0
96               Miscellaneous manufactured articles.................   0.213    106.8      106.5     4.2     0.1     0.1     0.3    -0.3


     1   Relative importance figures are based on 2005 trade values.
     2   Product categories included in this group have been modified due to concordance or coverage limitations.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  6     U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
                  May 2006-May 2007          2000=100, unless otherwise noted
                                                                                       Index                     Percent Change
                                                                      Relative
                                                                       Import-                      Annual         Monthly
Harmo-                                                                  ance                         May     Jan.    Feb.   March   April
nized                            Description                                                         2006    2007    2007    2007    2007
System                                                                 April     April      May       to      to      to      to      to
                                                                        2007      2007      2007     May     Feb.   March   April    May
                                                                         1/                          2007    2007    2007    2007    2007

I          LIVE ANIMALS; ANIMAL PRODUCTS.............................   1.566    149.4      150.1    23.2     5.3     3.2     1.6     0.5
02               Meat & edible meat offal (Dec. 2006=100)............   0.787    115.2      119.6    n.a.     4.8     3.8     1.4     3.8
03               Fish and crustaceans, molluscs and
                        other aquatic invertebrates..................   0.443    130.9      125.2     3.3     2.1     2.1     5.7    -4.4

II         VEGETABLE PRODUCTS........................................   4.089    155.6      154.6    23.5     2.8     3.0    -3.1    -0.6
08               Edible fruit and nuts; peel of citrus
                        fruit or melons..............................   0.703    124.6      120.0     8.5     0.9    -1.2    10.9    -3.7
10               Cereals.............................................   1.728    165.4      174.3    34.2     6.1     3.7   -10.0     5.4
12               Oilseeds and misc. grains, seeds,
                        fruits, plants, straw and fodder.............   1.070    148.5      143.8    18.3     7.7     1.3     1.2    -3.2

IV         PREPARED FOODSTUFFS, BEVERAGES, AND
                     TOBACCO.........................................   2.308    120.6      120.4     7.2     1.0     0.7     0.1    -0.2
21               Miscellaneous edible preparations...................   0.425    111.7      111.7     3.4     0.6     0.7    -0.1     0.0
23               Residues and waste from the food
                        industries; prepared animal feed.............   0.487    142.8      140.8    11.7     1.5     0.1    -0.4    -1.4

V          MINERAL PRODUCTS..........................................   4.406    240.6      240.7     0.9     3.5     3.5     4.5     0.0
27               Mineral fuels, oils and residuals,
                        bituminous substances and mineral wax........   3.705    229.7      227.4     3.1     6.0     3.7     6.2    -1.0

VI         PRODUCTS OF THE CHEMICAL OR ALLIED
                     INDUSTRIES......................................  11.583    126.4      127.9     5.5     0.1     0.6     0.3     1.2
28               Inorganic chemicals.................................   1.126    151.8      150.3    -1.0     0.9     0.7    -0.3    -1.0
29               Organic chemicals...................................   3.719    141.9      146.9    10.0    -0.1     2.0     1.0     3.5
30               Pharmaceutical products.............................   2.477    112.0      112.6     3.8    -0.1    -0.4    -0.4     0.5
32               Tanning or dyeing extracts, dyes,
                        paints, varnish, putty, & inks...............   0.597    113.6      113.2     2.4    -0.3     0.5    -0.1    -0.4
33               Essential oils and resinoids;
                        perfumery, cosmetic or toilet................   0.680    116.0      116.9     2.4     0.0    -0.2    -0.1     0.8
34               Soap; lubricants; waxes, polishing or
                        scouring products; candles, pastes...........   0.405    109.9      110.5     1.4     0.5     0.0    -0.3     0.5
38               Miscellaneous chemical products.....................   1.683    119.4      119.1     7.4     0.3     0.0     0.3    -0.3

VII        PLASTICS AND ARTICLES THEREOF; RUBBER
                     AND ARTICLES THEREOF............................   5.428    129.7      130.7     2.3     0.5     0.2     0.6     0.8
39               Plastics and articles thereof.......................   4.340    125.4      126.6     1.8     0.6     0.2     0.5     1.0
40               Rubber and articles thereof.........................   1.088    147.9      148.1     5.0     0.6     0.5     1.0     0.1

VIII       RAW HIDES, SKINS, LEATHER, FURSKINS,
                     TRAVEL GOODS, ETC...............................   0.487    124.5      124.2     6.2     1.0     0.1    -0.8    -0.2

IX         WOOD, WOOD CHARCOAL, CORK, STRAW,
                     BASKETWARE AND WICKERWORK.......................   0.734    113.1      113.1     5.4     2.0     1.1     0.3     0.0

X          WOODPULP, RECOVERED PAPER, AND
                 PAPER PRODUCTS......................................   2.683    109.9      109.9     5.3     1.6     0.0     0.1     0.0
47               Woodpulp and recovered paper........................   0.662    112.0      110.4    14.8     5.9    -0.3    -2.4    -1.4
48               Paper and paperboard; articles of paper
                        pulp, paper or paperboard....................   1.451    108.2      108.5     3.8     0.2     0.2     0.7     0.3
49               Printed material....................................   0.570    114.8      116.0    -0.5    -0.1     0.2     1.3     1.0

XI         TEXTILE AND TEXTILE ARTICLES..............................   2.440    102.3      100.9    -0.2    -0.2     0.3    -0.3    -1.4
52               Cotton, including yarns and woven fabrics thereof...   0.658     93.7       90.2    -2.4    -1.1     0.7    -0.8    -3.7

XIII       STONE, PLASTER, CEMENT, ASBESTOS,
                 CERAMICS, GLASS ETC.................................   0.802    108.0      108.1     4.7     1.3    -0.2     0.5     0.1
70               Glass and glassware.................................   0.428     95.9       96.0     0.9     0.0     0.0     0.0     0.1

XIV        PEARLS, STONES, PRECIOUS METALS,
                 IMITATION JEWELRY, AND COINS........................   3.765    171.2      163.2    20.5     5.6     2.9    -0.4    -4.7

XV         BASE METALS AND ARTICLES OF BASE METALS...................   6.028    165.4      169.2    13.7     0.9     2.4     1.6     2.3
72               Iron and steel......................................   1.558    200.2      203.7    20.8     2.6     5.0     4.5     1.7
73               Articles of iron or steel...........................   1.426    144.5      152.2    13.2     1.6     1.3     0.1     5.3
74               Copper and articles thereof.........................   0.678    240.0      242.4     6.9    -1.4     3.0     3.1     1.0
76               Aluminum and articles thereof.......................   1.051    148.6      150.7     9.9    -0.2     0.2     0.1     1.4
82               Tools, implements, cutlery, spoons and
                        forks, of base metal; parts thereof..........   0.408    114.9      114.9     3.9     0.2     0.0     0.9     0.0
83               Miscellaneous articles of base metal................   0.405    126.9      126.9     3.2     1.0     0.5     0.4     0.0

XVI        MACHINERY, ELECTRICAL EQUIPMENT, TV
                 IMAGE AND SOUND RECORDERS, PARTS, ETC...............  31.887     94.0       94.1     0.3     0.1    -0.1     0.1     0.1
84               Machinery and mechanical appliances; parts thereof..  18.238    102.2      102.3     0.8     0.0    -0.1    -0.2     0.1
85               Electrical machinery and equipment
                        and parts and accessories thereof............  13.649     85.1       85.1    -0.4     0.1     0.0     0.5     0.0

XVII       VEHICLES, AIRCRAFT, VESSELS AND
                 ASSOCIATED TRANSPORT EQUIPMENT......................  13.779    113.3      113.5     1.9     0.1     0.1     0.0     0.2
87               Motor vehicles and their parts......................   8.888    105.5      105.6     1.0     0.1     0.0     0.1     0.1

XVIII      OPTICAL, PHOTO, MEASURING, MEDICAL &
                 MUSICAL INSTRUMENTS; & TIMEPIECES...................   6.208    103.3      103.4     1.1    -0.5     0.2    -0.1     0.1

XX         MISCELLANEOUS MANUFACTURED ARTICLES.......................   1.456    104.6      104.6     3.6     0.0     0.2     1.8     0.0
94               Furniture; stuffed furnishings;
                        lamps and lighting fittings nesoi;...........   0.802    113.2      113.2     6.0    -0.1     0.4     0.3     0.0
95               Toys, games and sports equipment; parts
                        and accessories thereof......................   0.488     89.5       89.5    -5.0     0.0     0.1     3.8     0.0


     1   Relative importance figures are based on 2005 trade values.
     2   Product categories included in this group have been modified due to concordance or coverage limitations.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  7     U.S. Import Price Indexes and Percent Changes by Locality of Origin
                  May 2006-May 2007          2000=100, unless otherwise noted
                                                                        Index                           Percent Change

                                                                                        Annual            Monthly
                                                       Percentage                        May       Jan.     Feb.    March    April
                      Description                          of                            2006      2007     2007     2007     2007
                                                          U.S.    April       May         to        to       to       to       to
                                                        Imports    2007       2007       May       Feb.    March    April     May
                                                           1/                            2007      2007     2007     2007     2007

 2/ Industrialized Countries............................ 44.813   118.4      119.6        2.3       0.1      1.3      0.4      1.0
         Nonmanufactured Articles.......................  4.582   186.6      191.8       -1.4       4.3      5.6      0.4      2.8
         Manufactured Articles.......................... 39.766   113.0      113.9        2.7      -0.4      0.8      0.4      0.8

 3/ Other Countries..................................... 55.204   114.8      116.2        0.6       1.2      1.6      1.7      1.2
         Nonmanufactured Articles....................... 11.023   205.5      209.7       -3.2       3.1      4.6      6.8      2.0
         Manufactured Articles.......................... 43.982   102.0      103.0        1.9       0.7      0.8      0.3      1.0

    Canada.............................................. 17.052   131.8      133.4        1.7       0.4      1.6      1.2      1.2
         Nonmanufactured Articles.......................  3.871   188.2      193.1       -0.8       3.8      5.6      0.1      2.6
         Manufactured Articles.......................... 12.851   121.4      122.5        2.4      -0.5      0.3      1.6      0.9

 4/ European Union...................................... 17.908   120.9      121.8        2.5       0.2      0.4     -0.3      0.7
         Nonmanufactured Articles.......................  0.389   192.7      195.6      -13.1       6.5      7.3     -6.8      1.5
         Manufactured Articles.......................... 17.406   119.3      120.0        2.7       0.1      0.3     -0.2      0.6

    France (Dec. 2003=100)..............................  1.888   107.6      109.1        5.5       0.2     -0.1      0.1      1.4

    Germany (Dec. 2003=100).............................  5.008   106.9      107.4        4.1      -0.1      0.4      0.4      0.5

    United Kingdom (Dec. 2003=100)......................  2.845   116.5      117.1       -1.0       1.0      1.2     -0.9      0.5

 5/ Latin America....................................... 17.619   140.1      143.3        0.5       0.6      1.6      2.4      2.3
         Nonmanufactured Articles.......................  4.822   211.6      213.7       -2.8       5.0      3.2      6.5      1.0
         Manufactured Articles.......................... 12.721   126.8      130.4        2.0      -1.0      0.8      0.8      2.8

    Mexico (Dec. 2003=100).............................. 10.163   122.9      123.5        3.2       0.7      1.1      2.2      0.5

 6/ Pacific Rim (Dec. 2003=100)......................... 33.452    98.2       98.3       -0.2       0.1      0.0      0.0      0.1

    China (Dec. 2003=100)............................... 14.941    97.4       97.7        0.1       0.0      0.2      0.0      0.3

    Japan...............................................  8.308    94.0       94.0       -0.5      -0.2      0.1      0.1      0.0

 7/ Asian NICs..........................................  6.124    88.3       88.2       -1.0       0.1      0.0     -0.5     -0.1

 8/ ASEAN (Dec. 2003=100)...............................  5.993    96.0       96.1       -1.1       0.3     -0.3     -0.7      0.1

 9/ Asia Near East (Dec. 2003=100)......................  3.765   177.7      180.3       -2.4       2.2      5.0      2.6      1.5


1   Percentage of trade figures are based on 2005 trade values.
2   Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa.
3   Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere.
4   Includes European Union countries.
5   Includes Mexico, Central America, South America and the Caribbean.
6   Includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and Asian Newly Industrialized Countries.
7   Asian Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan.
8   Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
9   Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen.

    NOTES:  Data may be revised in each of the three months after original publication.
            Regions are not mutually exclusive.
            n.a.  Not available


Table  8     U.S. International Price Indexes and Percent Changes for Selected Transportation Services
                  May 2006-May 2007          2000=100, unless otherwise noted
                                                                         Index                         Percent Change
                                                        Relative
                                                         Import-                       Annual            Monthly
                                                          ance                          May       Jan.     Feb.    March    April
                        Description                                                     2006      2007     2007     2007     2007
                                                          April     April     May        to        to       to       to       to
                                                          2007      2007      2007      May       Feb.    March    April     May
                                                           1/                           2007      2007     2007     2007     2007

    AIR FREIGHT
      Import Air Freight................................ 100.000    131.6     133.0       1.4     -1.1     -0.1      0.7      1.1
           Europe (Dec. 2003=100).......................  27.826    129.6     133.9       7.3     -1.4      0.2      0.2      3.3
           Asia.........................................  61.298    114.7     114.9      -2.1     -1.2     -0.2      0.9      0.2

      Export Air Freight................................ 100.000    117.3     117.6       2.5     -1.3      0.0      0.3      0.3
           Europe (Dec. 2006=100).......................  39.019    100.7     101.0      n.a.     -0.3      0.0     -0.5      0.3

      Inbound Air Freight............................... 100.000    127.1     128.1       0.9     -1.1      0.0      0.4      0.8
           Europe (Dec. 2003=100).......................  29.665    125.2     128.0       5.1     -1.3      0.3     -0.2      2.2
           Asia.........................................  57.593    109.8     109.9      -1.8     -1.2     -0.1      0.7      0.1

      Outbound Air Freight.............................. 100.000    113.1     114.1      -1.3     -0.8     -0.1      0.7      0.9
           Europe (Dec. 2003=100).......................  41.776    127.3     128.4      -2.8     -0.7     -0.1      0.6      0.9
           Asia.........................................  40.650    103.5     104.7      -2.5     -0.8     -0.1      0.6      1.2

    AIR PASSENGER FARES
      Import Air Passenger Fares........................ 100.000    127.2     127.5       3.9      0.0      0.1      3.5      0.2
           Europe.......................................  44.310    129.0     130.5      11.5      2.8      0.5      8.8      1.2
           Asia.........................................  24.706    115.4     116.1       2.3     -3.1      0.3      1.9      0.6
           Latin America/Caribbean......................  12.431    114.1     115.5       0.0      0.4      0.0     -7.8      1.2

      Export Air Passenger Fares........................ 100.000    143.9     149.5       7.5     -1.8      0.8      2.6      3.9
           Europe.......................................  31.779    178.4     180.8      10.1     -1.5      1.4      8.3      1.3
           Asia.........................................  29.844    109.6     121.9       3.9     -3.3     -0.7     -0.1     11.2
           Latin America/Caribbean......................  21.440    167.0     164.0      10.5     -0.1      1.1     -0.6     -1.8

      Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000    123.6     128.4       7.4     -3.3      1.1      3.4      3.9
           Europe (Dec. 2003=100).......................  40.137    129.1     130.7      10.2     -1.1      1.6      9.5      1.2
           Asia (Dec. 2003=100).........................  28.071    105.6     117.2       2.5     -6.5      1.5     -1.1     11.0
           Latin America/Caribbean (Dec. 2003=100)......  13.600    126.4     124.1       6.8     -0.5     -1.2     -2.1     -1.8
           Canada (Dec. 2003=100).......................   7.715    159.5     166.1       6.7     -0.7      0.3      0.0      4.1

      Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000    123.5     124.3       5.3      0.6     -0.1      3.5      0.6
           Europe (Dec. 2003=100).......................  40.198    133.3     134.8      10.5      2.3      0.2      8.6      1.1
           Asia (Dec. 2003=100).........................  22.191    109.6     112.8       2.6     -0.6     -0.1      2.3      2.9
           Latin America/Caribbean (Dec. 2003=100)......  22.099    111.8     111.8       1.9      0.4     -0.1     -2.5      0.0
           Canada (Dec. 2003=100).......................   6.497    165.0     163.1       6.3      1.4      0.0     -1.8     -1.2

    CRUDE OIL TANKER FREIGHT
 2/   Inbound Crude Oil Tanker Freight.................. 100.000     n.a.      n.a.      n.a.     -4.6      1.2     n.a.     n.a.

    OCEAN LINER FREIGHT
      Inbound Ocean Liner Freight....................... 100.000    112.8     113.1      -3.8     -0.2     -0.4      0.2      0.3
           U.S. East Coast..............................  56.027    116.5     117.2      -3.2     -1.0     -0.6      0.1      0.6
                 From Atlantic..........................  24.448    115.0     115.0      -5.3     -1.4     -1.6      0.7      0.0
                 From Pacific...........................  22.972    120.9     122.6       1.9     -1.1      0.1     -0.5      1.4
           U.S. West Coast..............................  43.973    111.4     111.4      -3.9      0.8      0.2      0.1      0.0


    1   Relative importance figures are based on 2005 trade values.
    2   Publication of the Crude Oil Tanker Freight Indexes is lagged two months, as are the relative importance figures.

    NOTES:  Data may be revised in each of the three months after original publication.
            n.a.  Not available


Table  9     U.S. Export Price Indexes and Percent Changes for Travel and Tourism Services                                                                                                 
                  April 2006-April 2007          December 2006=100, unless otherwise noted
                                                         Index                           Percent Change
                                         Relative
                                          Import-                        Annual             Monthly
                                           ance                           April     Dec.      Jan.      Feb.     March
                Description                                               2006      2006      2007      2007     2007
                                           March    March      April       to        to        to        to       to
                                           2007     2007       2007       April     Jan.      Feb.      March    April
                                            1/                            2007      2007      2007      2007     2007

   Export Travel and Tourism............. 100.000   105.1      105.3       n.a.      0.4       2.4       2.2      0.2
        From Europe......................  39.667   105.8      106.4       n.a.      0.6       3.0       2.1      0.6
        From Asia........................  31.672   103.3      103.3       n.a.     -1.1       1.5       2.9      0.0
        From Latin America/Caribbean.....  15.519   106.1      105.6       n.a.      1.5       3.0       1.5     -0.5
        From Canada......................   8.826   106.9      107.7       n.a.      2.9       2.2       1.6      0.7


   1   Relative importance figures are based on 2005 trade values.

   NOTES:  Data may be revised in each of the three months after original publication.
           n.a.  Not available


Table  10     U.S. Export Price Indexes and Percent Changes for Postsecondary Education Services                                                                                                   
                   Academic Year 2001/02 to 2006/07        Academic Year 2001/02 = 100, unless otherwise noted

                                                 Relative         Index                        Annual Percent Change
                                                  Import-
                                                   ance       Academic Year                       Academic Years

                   Description                   Academic                         2001/02  2002/03    2003/04    2004/05  2005/06
                                                   Year    2005/06     2006/07       to       to         to         to       to
                                                 2005/06                          2002/03  2003/04    2004/05    2005/06  2006/07
                                                    1/

   EXPORT POSTSECONDARY EDUCATION
        Tuition & Fees and Room & Board......... 100.000    128.8       135.1        6.5      7.5        7.0        5.1      4.9
           Graduate.............................  53.006    128.5       134.6        6.4      7.4        7.0        5.1      4.7
           Undergraduate........................  46.994    129.0       135.7        6.6      7.7        6.8        5.2      5.2

           Private..............................  47.874    123.0       129.4        5.2      5.7        5.1        5.2      5.2
           Public...............................  52.126    134.2       140.5        7.8      9.2        8.6        5.0      4.7

           Tuition & Fees.......................  73.181    131.6       138.2        7.1      8.4        7.8        5.2      5.0
                Graduate Tuition & Fees.........  38.417    131.4       137.7        7.0      8.3        7.8        5.2      4.8
                Undergraduate Tuition & Fees....  34.764    131.7       138.8        7.2      8.6        7.6        5.2      5.4

                Private Tuition & Fees..........  35.497    124.3       131.2        5.6      6.1        5.3        5.4      5.6
                Public Tuition & Fees...........  37.686    138.7       145.1        8.7     10.7        9.8        5.0      4.6

           Room & Board.........................  26.819    121.5       127.1        5.0      5.1        4.9        4.9      4.6
                Graduate Room & Board...........  14.589    121.3       127.1        5.0      5.1        5.0        4.7      4.8
                Undergraduate Room & Board......  12.230    121.7       127.2        5.0      5.1        4.9        5.1      4.5

                Private Room & Board............  12.377    119.1       124.3        4.2      4.8        4.5        4.4      4.4
                Public  Room & Board............  14.440    123.6       129.5        5.7      5.5        5.2        5.4      4.8


   1   Relative importance figures are based on 2005/06 academic year trade values.
	
                                        
						TECHNICAL NOTE


Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and 
are not seasonally adjusted.  Price indexes for merchandise goods are reweighted annually, with a two-year lag 
in the weights.  Published series use a base year of 2000=100 where possible.  More detailed index series and 
additional information may be obtained at http://www.bls.gov/mxp, or by calling (202) 691-7101.

Merchandise Goods Classification Systems -- The merchandise price indexes are published using three 
classification systems.  Items are classified, respectively, by end use for the Bureau of Economic Analysis 
System, industry for the North American Industry Classification System (NAICS), and product category for the 
Harmonized System (HS).  While classification by end use and product category are self-explanatory, a couple 
of notes are in order for classifying items by industry.  In the NAICS tables, for both imports and exports, 
items are classified by output industry, not input industry.  As an example, NAICS import index 326 (plastics 
and rubber products) would include outputs such as manufactured plastic rather than inputs such as petroleum.  
The NAICS classification structure also matches the classification system used by the PPI to produce the NAICS 
primary products indexes.

Import Price Indexes -- Products have been classified by the Harmonized Tariff Schedule of the United States 
Annotated (TSUSA).  Import prices are based on U.S. dollar prices paid by the U.S. importer.  The prices are 
generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) U.S. port 
transaction prices, depending on the practices of the individual industry.  The index for crude petroleum is 
calculated from data collected by the U.S. Department of Energy.  

Export Price Indexes -- Products have been classified by the Harmonized Schedule B classification system of 
the U.S. Bureau of the Census.  The prices used are generally either "free alongside ship" (f.a.s.) factory or 
"free on board" (f.o.b.) transaction prices, depending on the practices of the individual industry.  Prices 
used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture.

Services Price Indexes -- Price indexes for internationally traded services are presented using two 
definitions: Balance of Payments (which represent transactions between U.S. and foreign residents) and 
International (which represent transactions inbound to and outbound from the U.S.).  The Air Passenger Fares 
Indexes are calculated from data collected from a commercial airline reservation system.  These data exclude 
frequent flyer tickets and those sold by consolidators.  The Crude Oil Tanker Freight Indexes are calculated 
from data collected by the U. S. Department of Energy, and the publication of these indexes is lagged two 
months.  The Air Freight and Ocean Liner Freight Indexes are calculated from data collected directly from 
companies.  The Export Travel and Tourism Indexes are calculated from a subset of BLS Consumer Price Index 
data, and the publication of these indexes is lagged one month.  The indexes are published by the country of
residence of those traveling to the United States.  Post-secondary Education Indexes are calculated from
preliminary data collected by the U.S. Department of Education, and are calculated annually.  Export post-
secondary education refers to receipts from foreign students studying at U.S. institutions, including colleges,
universities, and technical/professional schools.  Fact sheets specifying detailed information for each 
services industry are available at http://www.bls.gov/mxp under "Publications and Other Documentation."   

Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for 
the Import Price Indexes.  Beginning with January 2002, the indexes are defined by locality of origin using a 
nomenclature based upon the North American Industry Classification System (NAICS).  Nonmanufactured goods are 
defined as NAICS 11 and 21, and manufactured goods are defined as NAICS 31-33.  

Revision Policy -- To reflect the availability of late reports and corrections by respondents, monthly data 
may be revised in each of the three months after original publication.  After three months, no further data 
revisions take place.  So, for example, data released in the January release will be subject to revision in the 
releases for February, March, and April.

Uses of the Data -- The primary use of the indexes is to deflate trade statistics, notably the foreign trade 
sector of the National Income and Product Accounts constructed by the Department of Commerce.  Other published 
indexes are useful for general market analysis.  For trade in international services, Balance of Payments indexes 
are used for deflating National Income and Product Accounts, while International indexes are more appropriate for 
market analysis.  Merchandise and services indexes also can be used to study U.S. competitiveness and price 
elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade 
analysis.

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