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

Prices for U.S. imports advanced 2.6 percent in March following a 1.6-percent increase in February and a 

2.0-percent rise in January, the U.S. Bureau of Labor Statistics reported today. Higher fuel prices drove the 

March advance and nonfuel prices also increased. U.S. export prices rose 4.5 percent in March, after 

advancing 3.0 percent the previous month. 

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

Imports 

The price index for U.S. imports increased 2.6 percent in March, the largest monthly rise since April 2011. 

Prices for U.S. imports advanced 12.5 percent for the year ended in March, the largest 12-month increase 

since a 12.7-percent rise in September 2011. (See table 1.)

Fuel Imports: Prices for import fuel advanced 14.6 percent in March, after increasing 10.0 percent in 

February and 7.3 percent in January. The March rise was the largest 1-month advance since a 15.2-percent 

increase in July 2020. The March increase was led by higher petroleum prices which rose 16.1 percent 

following an 11.3-percent advance in February. In contrast, natural gas prices declined 4.2 percent in March, 

after decreasing 4.3 percent the previous month. Import fuel prices rose 66.7 percent from March 2021 to 

March 2022. The price indexes for petroleum and natural gas advanced 66.5 percent and 79.7 percent, 

respectively, over the same period.

1.5

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-2.0

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6.0

8.0

10.0

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

1-month percent change 12-month percent change

Transmission of material in this release is embargoed until

8:30 a.m. (ET) Thursday, April 14, 2022 

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

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

USDL-22-0622
2

All Imports Excluding Fuel: Nonfuel import prices increased 1.2 percent in March following a 0.7-percent 

advance the previous month. Higher prices for nonfuel industrial supplies and materials; capital goods; 

consumer goods; and foods, feeds, and beverages each factored into the March increase in nonfuel import 

prices. Prices for nonfuel imports rose 7.5 percent for the year ended in March, the largest over-the-year 

advance since 12-month percent changes were first published in December 2002. Nonfuel prices have not 

recorded a 12-month decline since June 2020. 

Foods, Feeds, and Beverages: Prices for import foods, feeds, and beverages ticked up 0.1 percent in March, 

after increasing 1.6 percent in February. Higher prices for food oils and fish in March largely offset a 5.3-

percent decline in fruit prices. 

Nonfuel Industrial Supplies and Materials: The price index for nonfuel industrial supplies and materials 

advanced 4.7 percent in March following a 2.3-percent increase in February. Higher prices in March for 

unfinished metals, finished metals, selected building materials, and chemicals each contributed to the 

increase in nonfuel industrial supplies and materials prices. 

Finished Goods: Prices for most of the major finished goods categories increased in March. The price index 

for capital goods advanced 0.3 percent for the second consecutive month. Capital goods prices last recorded 

a monthly decline in November 2019. Prices for consumer goods rose 0.2 percent in March, after increasing 

0.3 percent in February. Consumer goods prices advanced 3.0 percent over the past year, the largest 12-

month rise since a 3.4-percent increase from December 2010 to December 2011. Automotive vehicles prices 

were unchanged in March. 

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: March 2021 – March 2022 

Exports 

Prices for U.S. exports advanced 4.5 percent in March following a 3.0-percent rise in February and a 2.8-

percent increase in January. All 3 advances were the largest monthly increases since 1-month percent 

changes were first published in January 1989. Higher prices for both agricultural and nonagricultural

exports in March contributed to the overall rise in U.S. export prices. U.S. export prices advanced 18.8 

percent over the past year, the largest over-the-year increase since 12-month percent changes were first 

published in September 1984. (See table 2.)

Agricultural Exports: The price index for agricultural exports rose 4.7 percent in March, the largest 

monthly advance since May 2021. Higher prices for soybeans, wheat, and corn drove the rise in March. 

Agricultural export prices increased 20.8 percent for the 12 months ended in March, led by rising prices for 

soybeans, wheat, corn, and meat. 

All Exports Excluding Agriculture: Nonagricultural export prices rose 4.5 percent in March, after 3.0-

percent and 2.7-percent increases the 2 previous months. Higher prices for nonagricultural industrial 

supplies and materials; capital goods; consumer goods; automotive vehicles; and nonagricultural food all 

contributed to the March advance. Prices for nonagricultural exports rose 18.5 percent from March 2021 to 

March 2022. 

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

and materials increased 8.7 percent in March, the largest 1-month advance since monthly percent changes 

were first published in October 1992. Higher prices for fuel, nonferrous metals, and chemicals led the 

March increase. 

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

prices rose 0.5 percent driven by higher prices for industrial and service machinery and computers, 

peripherals, and semiconductors. The price indexes for consumer goods and automotive vehicles each 

advanced 0.8 percent in March. 

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

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

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2.3

1.2 1.1

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0.7

-1.6

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4.5

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15.0

17.6 16.9 17.0 16.6 16.3

18.3 18.1

14.9 15.0

16.5

18.8

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-2.0

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2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

22.0

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

1-month percent change 12-month percent change
4

Measures of Import and Export Prices by Locality

Imports by Locality of Origin: Import prices from China increased 0.5 percent in March following a 0.2-

percent rise in February. The March advance was led by higher fabricated metal prices. The price index for 

imports from China rose 4.8 percent for the year ended in March. The price index for imports from Japan 

increased 0.4 percent in March, after ticking up 0.1 percent the previous month. The March advance was the 

largest increase since the index rose 0.5 percent in April 2021. Import prices from Japan increased 1.8 

percent over the past year. Prices for imports from Canada rose 7.3 percent in March, the largest 1-month 

advance since the index increased 13.8 percent in June 2020. The price indexes for imports from the 

European Union and Mexico also advanced in March, each rising 1.1 percent. (See table 7.) 

Exports by Locality of Destination: Prices for exports to China increased 5.0 percent in March following 

advances of 2.8 percent in February and 2.4 percent in January. The March rise was the largest monthly 

increase since 1-month percent changes were first published in January 2018. The price index for exports to 

China advanced 15.8 percent over the past 12 months, the largest over-the-year increase since May 2021. 

Export prices to Japan rose 5.2 percent in March, the largest 1-month advance since monthly percent 

changes were first published in January 2018. Prices for exports to Canada increased 2.9 percent in March, 

after rising 2.4 percent and 3.4 percent the 2 previous months. The price index for exports to the European 

Union advanced 4.6 percent in March and export prices to Mexico increased 3.9 percent. (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 advanced 

4.5 percent in March, the largest monthly increase since 1-month percent changes were first published in 

January 2018. Rising export prices to China more than offset advancing import prices from China. The 

index for U.S. terms of trade with China rose 10.5 percent over the past 12 months. U.S. terms of trade with 

Japan advanced 4.7 percent in March following increases of 3.3 percent and 3.8 percent the 2 previous 

months. U.S. terms of trade with Japan rose 17.1 percent over the past year, the largest 12-month advance 

since May 2021. The index for U.S. terms of trade with the European Union increased 3.5 percent in March 

following a 0.1-percent rise in February. U.S. terms of trade with Mexico advanced 2.7 percent in March, 

after a 3.2-percent increase the previous month. In contrast, U.S. terms of trade with Canada decreased 4.2

percent in March following a 2.3-percent decline in February. (See table 9.)

Import and Export Services

Imports: Import air passenger fares rose 8.6 percent in March, after advancing 6.1 percent the previous 

month. Higher European fares, Asian fares, and Latin American/Caribbean fares all contributed to the 

March increase. The index for import air passenger fares rose 11.2 percent from March 2021 to March 2022, 

the largest over-the-year advance since September 2021. Prices for import air freight increased 1.7 percent 

in March following a 9.2-percent decrease in February. Import air freight prices advanced 18.3 percent for 

the year ended in March. (See table 10.)

Exports: Export air passenger fares rose 7.0 percent in March, after declining 11.2 percent in February and 

increasing 7.7 percent in January. The March advance was driven by higher Latin American/Caribbean 

fares, European fares, and Asian fares. Export air passenger fares rose 9.8 percent over the past 12 months. 

The price index for export air freight advanced 3.4 percent in March following a 6.3-percent increase the 

previous month. Export air freight prices rose 19.6 percent over the past year, the largest 12-month increase 

since a 20.5-percent advance from September 2007 to September 2008. 

 

U.S. Import and Export Price Index data for April 2022 are scheduled for release on Friday, May 13, 2022 at 

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

2022

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Feb.

20221

Index Percent change

Feb.

2022

Mar.

2022

Annual Monthly

Mar.

2021 to

Mar.

2022

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

All commodities................................... 100.000 142.4 146.1 12.5 -0.4 2.0 1.6 2.6

All imports excluding food and fuels (Dec.

2010=100)........................................ 82.393 108.9 110.2 7.1 0.5 1.2 0.7 1.2

All imports excluding petroleum.............. 90.144 124.7 126.1 8.1 0.4 1.5 0.7 1.1

All imports excluding fuels (Dec.

2001=100)........................................ 89.426 128.2 129.7 7.5 0.5 1.4 0.7 1.2

Foods, feeds, & beverages................... 0 7.033 210.3 210.6 13.4 0.3 3.3 1.6 0.1

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 5.572 227.5 227.3 12.2 0.4 3.8 1.4 -0.1

Nonagricultural foods (fish, distilled

beverages).................................. 01 1.461 172.1 174.1 17.6 -0.4 1.5 2.3 1.2

Industrial supplies & materials.............. 1 29.745 270.9 293.1 37.7 -2.2 4.7 4.9 8.2

Industrial supplies & materials excluding

petroleum.................................... 19.914 224.0 233.6 25.7 1.0 3.7 2.1 4.3

Industrial supplies & materials excluding

fuels (Dec. 2001=100)..................... 18.885 246.9 258.5 23.6 1.7 3.4 2.3 4.7

Industrial supplies & materials, durable. . .. 12.986 241.9 257.3 20.5 1.7 3.7 2.5 6.4

Industrial supplies & materials nondurable

excluding petroleum....................... 6.902 200.9 202.1 33.4 -0.1 3.6 1.2 0.6

Fuels & lubricants............................. 10 10.574 322.2 369.2 66.7 -7.7 7.3 10.0 14.6

Petroleum & petroleum products......... 100 9.856 340.0 394.7 66.5 -7.7 7.1 11.3 16.1

Crude petroleum........................... 10000 6.840 353.1 408.1 62.0 -9.4 9.6 11.3 15.6

Fuels, n.e.s.-coals & gas.................. 101 0.718 280.4 269.1 73.9 -8.8 11.3 -2.8 -4.0

Natural gas.................................. 10110 0.592 273.8 262.2 79.7 -10.5 14.3 -4.3 -4.2

Paper & paper base stocks.................. 11 0.487 127.5 126.9 11.8 0.1 -0.3 2.6 -0.5

Materials associated with nondurable

supplies & materials....................... 12 5.697 215.1 218.1 30.5 1.7 2.9 1.7 1.4

Selected building materials.................. 13 2.201 235.7 246.1 15.7 7.9 14.8 2.8 4.4

Unfinished metals related to durable

goods........................................ 14 5.652 372.3 410.3 23.7 -0.1 1.9 2.9 10.2

Finished metals related to durable

goods........................................ 15 3.416 218.9 228.1 28.6 1.0 1.8 2.9 4.2

Nonmetals related to durable goods. . . . . .. 16 1.718 124.8 125.4 9.5 1.2 1.1 0.2 0.5

Capital goods................................... 2 25.527 91.6 91.9 3.4 0.2 0.8 0.3 0.3

Electric generating equipment............... 20 3.149 124.9 126.4 4.0 0.2 1.2 0.3 1.2

Nonelectrical machinery...................... 21 20.796 83.3 83.4 3.3 0.1 0.7 0.4 0.1

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 1.582 140.2 140.8 1.9 0.4 1.1 -0.7 0.4

Automotive vehicles, parts & engines..... 3 12.412 115.0 115.0 3.0 0.0 0.8 0.3 0.0

Consumer goods, excluding

automotives.................................. 4 25.283 110.1 110.3 3.0 0.5 0.4 0.3 0.2

Nondurables, manufactured................. 40 12.857 125.3 125.3 1.0 0.2 0.1 0.2 0.0

Durables, manufactured...................... 41 11.685 95.0 95.3 4.5 0.6 0.5 0.1 0.3

Nonmanufactured consumer goods. . . . . . .. 42 0.741 132.5 134.9 13.7 1.9 2.8 2.2 1.8

1 Relative importance figures are based on 2020 trade values.

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

Dash = Not available

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

2022

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Feb.

20221

Index Percent change

Feb.

2022

Mar.

2022

Annual Monthly

Mar.

2021 to

Mar.

2022

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

All commodities................................... 100.000 152.6 159.5 18.8 -1.6 2.8 3.0 4.5

Agricultural commodities....................... 12.190 245.0 256.4 20.8 0.7 3.0 2.9 4.7

All exports excluding food and fuels (Dec.

2010=100)........................................ 68.931 113.6 115.3 7.8 0.3 0.8 0.8 1.5

Nonagricultural commodities.................. 87.810 145.6 152.2 18.5 -1.9 2.7 3.0 4.5

Foods, feeds, & beverages................... 0 11.125 247.5 259.6 20.0 0.4 3.2 2.8 4.9

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 10.637 247.9 260.2 20.3 0.4 3.3 2.8 5.0

Nonagricultural foods (fish, distilled

beverages).................................. 01 0.489 244.4 250.4 14.3 -1.0 1.2 3.7 2.5

Industrial supplies & materials.............. 1 43.169 222.2 241.2 38.2 -4.4 4.8 5.9 8.6

Industrial supplies & materials, durable. . .. 10.811 222.7 231.5 16.0 -0.6 1.7 2.2 4.0

Industrial supplies & materials,

nondurable.................................. 32.358 218.7 240.6 47.3 -5.8 6.0 7.1 10.0

Agricultural industrial supplies &

materials..................................... 10 1.523 235.1 241.3 23.9 2.5 1.0 3.4 2.6

Nonagricultural industrial supplies &

materials..................................... 41.646 221.9 241.3 38.8 -4.6 5.0 5.9 8.7

Fuels & lubricants............................. 11 19.944 282.8 324.6 75.4 -10.8 10.1 11.6 14.8

Nonagricultural supplies & materials

excluding fuels & building materials. . . .. 12 20.800 206.7 213.0 14.7 0.1 1.0 1.2 3.0

Selected building materials.................. 13 0.902 162.2 173.2 20.6 -0.1 1.3 2.6 6.8

Capital goods................................... 2 28.135 116.8 117.4 4.5 0.3 0.8 0.4 0.5

Electrical generating equipment............. 20 3.139 130.3 130.7 8.7 0.5 1.4 0.3 0.3

Nonelectrical machinery...................... 21 20.416 98.9 99.5 4.6 0.3 0.7 0.5 0.6

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 4.579 193.8 194.6 2.7 0.2 0.6 0.5 0.4

Automotive vehicles, parts & engines..... 3 7.356 117.8 118.7 3.1 0.2 0.6 0.3 0.8

Consumer goods, excluding

automotives.................................. 4 10.214 115.3 116.2 4.9 0.4 1.1 0.7 0.8

Nondurables, manufactured................. 40 5.450 110.3 110.5 1.1 0.1 0.5 -0.2 0.2

Durables, manufactured...................... 41 3.856 111.6 112.3 4.0 0.1 1.4 0.3 0.6

Nonmanufactured consumer goods (Dec.

2018=100)................................... 42 0.908 120.1 126.1 32.0 2.7 3.5 8.0 5.0

1 Relative importance figures are based on 2020 trade values.

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

Dash = Not available

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

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Feb.

20221

Index Percent change

Feb.

2022

Mar.

2022

Annual Monthly

Mar.

2021 to

Mar.

2022

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Nonmanufacturing................................ 10.039 166.7 183.2 51.7 -7.2 8.9 7.8 9.9

Agriculture, forestry, fishing and

hunting........................................ 11 2.336 222.6 219.4 18.0 0.5 7.4 2.5 -1.4

Crop production............................... 111 1.915 234.9 229.2 16.5 0.8 8.9 1.1 -2.4

Mining............................................ 21 7.703 166.5 188.9 63.4 -9.2 9.4 9.5 13.5

Oil and gas extraction........................ 211 7.439 166.2 189.3 64.5 -9.7 9.8 9.8 13.9

Manufacturing..................................... 89.591 123.2 125.3 9.1 0.3 1.3 1.1 1.7

Manufacturing, part 1......................... 31 11.096 136.8 137.5 7.4 0.3 0.8 0.7 0.5

Food manufacturing.......................... 311 4.123 184.1 186.3 15.3 0.1 1.6 1.5 1.2

Beverage and tobacco product

manufacturing............................... 312 1.073 133.0 133.9 1.6 -0.1 -0.2 0.4 0.7

Textile mills (Dec. 2011=100)............... 313 0.403 125.2 127.5 24.3 5.1 2.8 0.5 1.8

Textile product mills.......................... 314 1.486 112.4 111.8 4.3 0.5 0.5 -0.2 -0.5

Apparel manufacturing....................... 315 2.849 115.7 115.7 2.4 0.2 0.8 0.1 0.0

Leather and allied product

manufacturing............................... 316 1.161 127.8 128.0 3.3 0.5 -1.1 0.5 0.2

Manufacturing, part 2......................... 32 20.940 151.8 157.0 19.0 0.6 2.7 2.2 3.4

Wood product manufacturing (Dec.

2019=100)................................... 321 1.506 217.2 234.7 21.8 13.1 25.5 2.9 8.1

Paper manufacturing......................... 322 0.950 118.3 117.8 7.7 0.1 -0.2 2.2 -0.4

Petroleum and coal products

manufacturing............................... 324 2.668 142.1 168.1 77.5 -3.5 2.1 11.1 18.3

Chemical manufacturing..................... 325 12.288 160.0 161.1 13.1 0.7 1.4 0.9 0.7

Plastics and rubber products

manufacturing............................... 326 2.447 130.2 130.7 5.7 0.2 0.5 0.5 0.4

Nonmetallic mineral product

manufacturing............................... 327 0.917 139.6 139.8 5.9 0.9 0.3 0.7 0.1

Manufacturing, part 3......................... 33 57.555 112.0 113.6 6.3 0.3 1.0 0.6 1.4

Primary metal manufacturing................ 331 7.299 244.6 265.4 23.6 0.1 2.2 3.5 8.5

Fabricated metal product manufacturing... 332 3.157 149.2 151.7 14.8 0.7 1.6 0.6 1.7

Machinery manufacturing.................... 333 6.704 125.5 126.0 4.0 0.2 1.0 0.3 0.4

Computer and electronic product

manufacturing............................... 334 15.736 73.6 73.7 2.5 -0.3 0.4 0.3 0.1

Electrical equipment, appliance, and

component manufacturing................. 335 5.236 124.6 125.1 6.2 0.7 1.5 0.1 0.4

Transportation equipment manufacturing... 336 12.888 114.0 114.1 2.8 0.1 0.8 0.2 0.1

Furniture and related product

manufacturing............................... 337 1.802 126.5 126.5 8.5 2.1 0.5 1.9 0.0

Miscellaneous manufacturing............... 339 4.734 123.3 124.5 3.6 1.2 0.9 -0.2 1.0

1 Relative importance figures are based on 2020 trade values.

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

Dash = Not available

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

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Feb.

20221

Index Percent change

Feb.

2022

Mar.

2022

Annual Monthly

Mar.

2021 to

Mar.

2022

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Nonmanufacturing................................ 19.560 214.0 235.1 55.4 -6.6 7.4 8.4 9.9

Agriculture, forestry, fishing and

hunting........................................ 11 6.809 224.8 241.2 26.0 1.2 4.4 4.9 7.3

Crop production............................... 111 6.424 237.5 255.3 26.8 1.3 4.7 4.9 7.5

Mining............................................ 21 12.751 137.7 153.1 76.8 -10.8 9.2 10.3 11.2

Oil and gas extraction (Dec. 2021=100). .. 211 11.380 123.9 137.6 – – 11.3 11.3 11.1

Mining (except oil and gas).................. 212 1.370 154.2 173.4 72.0 1.2 -4.7 2.3 12.5

Manufacturing..................................... 78.453 133.0 137.2 12.6 -0.5 1.8 1.8 3.2

Manufacturing, part 1......................... 31 6.881 169.8 172.2 13.7 0.1 1.7 0.9 1.4

Food manufacturing.......................... 311 5.189 199.3 201.4 16.5 -0.2 1.6 0.9 1.1

Beverage and tobacco product

manufacturing............................... 312 0.528 138.9 148.3 6.8 1.3 0.5 0.9 6.8

Manufacturing, part 2......................... 32 26.337 142.3 152.6 24.9 -2.3 3.2 3.7 7.2

Wood product manufacturing (Dec.

2017=100)................................... 321 0.510 138.1 157.8 30.8 0.2 0.7 0.5 14.3

Paper manufacturing......................... 322 1.532 142.4 143.6 15.6 0.4 1.8 2.0 0.8

Petroleum and coal products

manufacturing............................... 324 7.374 161.0 194.8 74.6 -9.9 11.6 13.6 21.0

Chemical manufacturing..................... 325 14.085 140.5 142.8 9.3 0.6 0.4 -0.1 1.6

Plastics and rubber products

manufacturing............................... 326 2.003 127.8 130.0 11.2 0.6 0.4 0.4 1.7

Nonmetallic mineral product

manufacturing............................... 327 0.680 128.0 129.7 5.7 -1.2 0.5 5.9 1.3

Manufacturing, part 3......................... 33 45.236 124.8 126.1 6.3 0.2 1.1 0.7 1.0

Primary metal manufacturing................ 331 4.418 223.1 233.4 20.4 -0.5 2.5 2.6 4.6

Fabricated metal product manufacturing... 332 2.476 166.9 167.6 8.5 0.7 3.0 0.4 0.4

Machinery manufacturing.................... 333 7.948 138.7 139.8 6.5 0.4 1.0 0.4 0.8

Computer and electronic product

manufacturing............................... 334 11.897 84.1 84.4 3.4 0.2 0.6 0.5 0.4

Electrical equipment, appliance, and

component manufacturing................. 335 3.158 127.7 128.1 8.0 0.4 2.1 0.5 0.3

Transportation equipment manufacturing... 336 10.966 134.8 135.6 2.8 0.1 0.6 0.2 0.6

Miscellaneous manufacturing............... 339 4.070 129.2 131.5 9.2 0.8 1.1 2.1 1.8

1 Relative importance figures are based on 2020 trade values.

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

Dash = Not available

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

2022

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Feb.

20221

Index Percent change

Feb.

2022

Mar.

2022

Annual Monthly

Mar.

2021 to

Mar.

2022

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Live animals; animal products................. I 1.576 242.5 247.2 20.8 -0.3 0.8 4.2 1.9

Meat and edible meat offal..................... 02 0.472 351.3 354.1 17.5 -1.4 -0.3 4.2 0.8

Fish and crustaceans, molluscs and other

aquatic invertebrates......................... 03 0.821 171.5 174.9 25.8 -0.2 2.8 3.9 2.0

Vegetable products............................... II 2.319 256.6 250.4 14.7 0.5 9.3 1.1 -2.4

Edible vegetables, roots, and tubers.......... 07 0.440 438.0 432.0 9.8 -7.3 25.6 -8.9 -1.4

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.911 138.0 130.0 6.0 5.1 7.9 5.8 -5.8

Coffee, tea, mate and spices.................. 09 0.437 310.2 309.1 33.9 2.9 1.2 2.9 -0.4

Animal or vegetable fats and oils (Dec.

2009=100)........................................ III 0.436 152.8 161.2 38.1 0.0 -0.3 3.4 5.5

Prepared foodstuffs, beverages, and

tobacco........................................... IV 3.138 182.9 183.5 6.4 0.2 0.8 0.3 0.3

Sugars and sugar confectionary (Dec.

2021=100)..................................... 17 0.207 102.2 103.2 – – 2.3 -0.1 1.0

Cocoa and cocoa preparations (Dec.

2009=100)..................................... 18 0.201 103.4 102.5 2.8 -0.6 2.2 1.4 -0.9

Beverages, spirits, and vinegar................ 22 1.046 145.6 146.6 1.7 -0.5 -1.0 0.4 0.7

Mineral products.................................. V 10.533 328.6 376.4 68.2 -7.3 7.4 9.8 14.5

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 10.170 322.8 371.3 68.9 -7.7 7.7 10.2 15.0

Products of the chemical or allied

industries........................................ VI 11.395 177.9 179.2 11.4 1.1 1.0 0.8 0.7

Inorganic chemicals............................. 28 0.749 531.3 537.4 56.6 9.4 3.0 1.5 1.1

Organic chemicals............................... 29 2.634 148.9 149.3 13.1 0.8 1.4 0.1 0.3

Pharmaceutical products....................... 30 5.327 150.8 150.8 -1.2 0.1 -0.5 0.3 0.0

Miscellaneous chemical products............. 38 0.808 116.0 116.6 7.7 0.6 0.2 0.2 0.5

Plastics and articles thereof; rubber and

articles thereof.................................. VII 3.766 159.5 159.7 5.9 0.4 0.7 -0.1 0.1

Plastics and articles thereof.................... 39 2.650 164.9 165.1 8.8 0.2 1.0 -0.2 0.1

Rubber and articles thereof.................... 40 1.116 151.6 151.7 0.1 0.9 0.1 0.1 0.1

Articles of leather; travel goods, bags, etc.

of various materials........................... 42 0.413 141.2 142.1 7.7 0.8 0.9 0.4 0.6

Wood, wood charcoal, cork, straw,

basketware and wickerwork................. IX 1.566 322.1 346.2 24.1 12.7 26.4 3.4 7.5

Wood and articles of wood; wood charcoal

(Dec. 2019=100).............................. 44 1.531 226.7 244.0 24.8 13.1 27.2 3.5 7.6

Woodpulp, recovered paper, and paper

products......................................... X 0.939 125.7 125.2 9.6 0.5 0.2 3.4 -0.4

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 0.637 118.1 117.5 11.4 0.4 3.0 5.4 -0.5

Textile and textile articles....................... XI 4.595 120.0 119.8 4.4 0.6 1.1 0.1 -0.2

Articles of apparel and clothing accessories,

not knitted or crocheted...................... 62 1.258 124.2 124.2 1.7 0.3 0.2 0.2 0.0

Made-up or worn textile articles............... 63 1.226 106.4 105.5 5.2 0.2 0.5 -0.3 -0.8

Headgear, umbrellas, artificial flowers,

etc................................................. XII 1.007 125.9 126.3 2.1 0.5 -1.6 0.4 0.3

Footwear and parts of such articles........... 64 0.830 123.8 123.7 1.4 0.5 -2.1 0.5 -0.1

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.790 133.1 133.2 1.6 0.0 0.0 0.8 0.1

See footnotes at end of table.

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

2022 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Feb.

20221

Index Percent change

Feb.

2022

Mar.

2022

Annual Monthly

Mar.

2021 to

Mar.

2022

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Articles of stone, plaster, cement, asbestos,

or mica (Dec. 2020=100).................... 68 0.292 100.5 100.5 2.6 0.1 0.1 1.1 0.0

Glass and glassware (Dec. 2021=100)....... 70 0.273 100.9 100.9 – – -0.3 1.2 0.0

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 4.693 238.1 254.0 4.3 -0.3 1.8 3.3 6.7

Base metals and articles of base metals. . .. XV 6.118 244.0 260.0 31.2 1.5 2.6 1.4 6.6

Iron and steel.................................... 72 1.132 315.1 350.8 39.6 1.3 1.3 -0.5 11.3

Articles of iron or steel.......................... 73 1.876 206.0 209.7 33.6 2.2 3.9 0.6 1.8

Copper and articles thereof.................... 74 0.526 419.7 438.8 8.5 0.4 1.8 0.5 4.6

Aluminum and articles thereof................. 76 1.152 206.0 224.8 42.6 1.2 2.7 4.0 9.1

Tools, implements, cutlery, spoons and

forks, of base metal; parts thereof.......... 82 0.408 127.5 127.8 3.5 -0.1 -0.1 0.5 0.2

Miscellaneous articles of base metal. . . . . . . .. 83 0.516 147.4 147.8 7.6 0.1 1.0 0.3 0.3

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 27.877 81.9 82.1 3.4 0.0 0.6 0.2 0.2

Machinery and mechanical appliances;

parts thereof................................... 84 14.332 88.4 88.5 3.6 0.0 0.8 0.3 0.1

Electrical machinery and equip, sound and

TV recorders & reproducers, parts......... 85 13.545 75.8 76.1 3.1 0.1 0.4 0.1 0.4

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 10.865 118.5 118.5 2.6 0.1 0.9 0.2 0.0

Motor vehicles and their parts................. 87 10.093 117.8 117.8 2.7 0.0 0.9 0.2 0.0

Aircraft, spacecraft, and parts thereof (Dec.

2020=100)..................................... 88 0.682 101.7 102.4 1.7 0.0 0.8 0.0 0.7

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 3.691 103.3 103.4 0.9 0.1 0.9 0.2 0.1

Optical, photographic, measuring and

medical instruments.......................... 90 3.477 99.2 99.3 0.7 0.0 0.8 0.3 0.1

Miscellaneous manufactured articles......... XX 4.168 117.6 118.2 6.0 1.1 0.5 0.9 0.5

Furniture & stuffed furnishings; lamps &

lighting fittings, nesoi; prefab bldgs......... 94 2.542 126.3 126.3 7.0 1.6 0.5 1.3 0.0

Toys, games and sports equipment; parts

and accessories thereof...................... 95 1.365 103.0 104.5 3.7 0.2 0.3 0.0 1.5

Miscellaneous manufactured articles. . . . . . . .. 96 0.261 137.2 137.2 7.4 1.5 2.3 2.5 0.0

1 Relative importance figures are based on 2020 trade values.

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

Dash = Not available

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

2022

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Feb.

20221

Index Percent change

Feb.

2022

Mar.

2022

Annual Monthly

Mar.

2021 to

Mar.

2022

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Live animals; animal products................. I 2.321 281.1 282.1 20.4 -0.5 0.5 1.1 0.4

Meat & edible meat offal (Dec. 2006=100)... 02 1.483 230.1 229.2 19.7 -1.6 0.0 1.1 -0.4

Vegetable products............................... II 6.221 286.6 310.7 23.8 1.1 5.0 4.3 8.4

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.948 143.6 145.0 -1.0 0.6 -1.3 -3.0 1.0

Cereals............................................ 10 1.850 315.3 367.4 42.5 1.2 1.9 2.1 16.5

Oilseeds and misc. grains, seeds, fruits,

plants, straw and fodder..................... 12 2.864 314.6 334.6 19.0 1.6 9.6 9.2 6.4

Prepared foodstuffs, beverages, and

tobacco........................................... IV 2.912 176.5 181.1 9.2 -0.1 2.5 0.5 2.6

Miscellaneous edible preparations (Dec.

2017=100)..................................... 21 0.575 105.3 105.1 4.1 0.1 1.5 0.4 -0.2

Beverages, spirits, and vinegar (Dec.

2008=100)..................................... 22 0.471 110.1 110.1 0.1 -0.2 0.1 0.0 0.0

Residues and waste from the food

industries; prepared animal feed............ 23 0.889 309.9 326.9 15.0 -0.2 5.2 1.3 5.5

Mineral products.................................. V 20.141 343.1 393.9 75.6 -10.2 10.0 11.5 14.8

Ores, slag and ash (Dec. 2012=100)......... 26 0.599 146.8 150.0 28.8 -1.7 0.8 1.5 2.2

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 19.368 330.2 380.8 77.9 -10.7 10.4 11.9 15.3

Products of the chemical or allied

industries........................................ VI 11.452 161.5 163.6 12.3 0.4 1.3 0.5 1.3

Organic chemicals............................... 29 2.723 190.7 196.6 16.7 -0.2 -0.3 2.4 3.1

Pharmaceutical products....................... 30 3.164 108.0 108.0 -2.3 -0.2 0.3 -0.6 0.0

Essential oils and resinoids; perfumery

cosmetic or toilet preparations.............. 33 0.793 139.9 140.8 8.3 0.2 2.0 -0.2 0.6

Soap; lubricants; waxes, polishing or

scouring products; candles, pastes......... 34 0.427 131.3 131.6 4.7 -0.3 0.1 0.1 0.2

Miscellaneous chemical products............. 38 2.225 189.9 188.0 16.4 -0.5 2.8 0.1 -1.0

Plastics and articles thereof; rubber and

articles thereof.................................. VII 5.157 172.6 177.3 7.3 0.9 -1.3 -0.5 2.7

Plastics and articles thereof.................... 39 4.441 172.9 178.4 7.1 1.1 -1.4 -0.6 3.2

Rubber and articles thereof.................... 40 0.716 164.8 164.8 7.7 0.1 0.0 0.0 0.0

Wood, wood charcoal, cork, straw, baskets

and wickerwork (Dec. 2014=100)............ IX 0.613 133.6 148.1 26.5 0.4 0.9 1.2 10.9

Woodpulp, recovered paper, and paper

products......................................... X 1.804 149.0 150.8 15.9 -0.1 1.0 2.3 1.2

Woodpulp and recovered paper (Dec.

2019=100)..................................... 47 0.673 172.2 177.3 27.3 -0.6 -0.7 4.2 3.0

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 0.924 140.7 140.8 11.8 0.1 2.6 1.5 0.1

Textile and textile articles....................... XI 1.694 150.2 149.8 18.9 1.6 2.8 2.7 -0.3

Cotton, including yarns and woven fabrics

thereof.......................................... 52 0.696 191.7 189.3 37.1 2.8 4.6 5.2 -1.3

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.655 140.3 140.7 4.9 -0.5 1.3 5.8 0.3

Glass and glassware (Dec. 2019=100)....... 70 0.384 104.1 104.7 5.2 -0.1 0.0 5.3 0.6

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 3.996 325.6 347.3 12.0 0.4 0.1 4.9 6.7

Base metals and articles of base metals. . .. XV 4.756 221.1 227.0 19.8 -1.3 3.8 1.9 2.7

Iron and steel (Dec. 2020=100)............... 72 1.392 181.7 192.2 40.4 0.4 4.6 2.8 5.8

See footnotes at end of table.

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

2022 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Feb.

20221

Index Percent change

Feb.

2022

Mar.

2022

Annual Monthly

Mar.

2021 to

Mar.

2022

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Copper and articles thereof.................... 74 0.592 283.9 290.1 15.3 -1.5 4.8 0.8 2.2

Aluminum and articles thereof................. 76 0.849 158.5 163.8 22.7 -8.5 2.8 3.9 3.3

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 23.285 102.3 103.0 4.7 0.2 1.0 0.4 0.7

Machinery and mechanical appliances;

parts thereof................................... 84 13.419 122.2 123.4 5.5 0.3 1.0 0.4 1.0

Electrical machinery and equipment and

parts and accessories thereof............... 85 9.867 81.0 81.3 3.7 0.1 0.9 0.4 0.4

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 8.132 144.0 145.1 4.0 0.2 0.6 0.2 0.8

Motor vehicles and their parts................. 87 6.103 121.0 121.9 3.8 0.2 0.5 0.2 0.7

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 5.119 112.7 113.0 2.4 0.2 0.2 0.6 0.3

Miscellaneous manufactured articles......... XX 1.051 123.8 124.6 6.9 0.3 1.9 0.0 0.6

Furniture; stuffed furnishings; lamps and

lighting fittings nesoi;......................... 94 0.559 143.1 143.1 3.8 0.8 0.7 -0.1 0.0

Toys, games and sports equipment; parts

and accessories thereof...................... 95 0.352 98.9 98.9 11.1 0.0 4.8 0.0 0.0

1 Relative importance figures are based on 2020 trade values.

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

Dash = Not available

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

[2000=100, unless otherwise noted]

Description

Relative

importance

Feb.

20221

Index Percent change

Feb.

2022

Mar.

2022

Annual Monthly

Mar.

2021 to

Mar.

2022

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Industrialized Countries2

.................... 100.000 149.0 154.5 13.9 -1.0 2.9 2.5 3.7

Nonmanufacturing........................... 13.357 297.0 331.8 62.7 -10.6 9.2 10.2 11.7

Manufacturing................................ 85.764 137.1 140.2 8.4 0.2 2.3 1.4 2.3

Canada.......................................... 100.000 193.2 207.4 31.1 -3.0 6.4 4.7 7.3

Nonmanufacturing........................... 34.615 295.7 331.4 64.9 -11.2 9.8 10.4 12.1

Manufacturing................................ 64.233 168.7 176.3 18.0 0.6 5.2 1.9 4.5

European Union............................... 100.000 150.0 151.6 5.4 0.1 0.9 1.3 1.1

Manufacturing................................ 98.665 145.3 146.8 5.2 0.0 0.8 1.3 1.0

France (Dec. 2003=100)...................... 100.000 139.8 142.4 6.6 -0.1 0.6 1.0 1.9

Germany (Dec. 2003=100)................... 100.000 121.1 121.9 3.1 0.1 0.8 0.8 0.7

United Kingdom (Dec. 2003=100).......... 100.000 134.2 137.7 5.7 0.4 1.6 0.8 2.6

Latin America3

................................. 100.000 167.3 170.9 13.3 -0.4 2.3 1.0 2.2

Nonmanufacturing........................... 16.959 339.9 363.3 37.5 -4.6 8.2 4.2 6.9

Manufacturing................................ 82.767 133.5 135.1 9.3 0.2 1.2 0.5 1.2

Mexico (Dec. 2003=100)...................... 100.000 140.0 141.6 8.6 -0.7 2.1 1.0 1.1

Nonmanufacturing (Dec. 2008=100). . . . .. 11.082 178.4 191.2 29.9 -9.3 14.0 7.4 7.2

Manufacturing (Dec. 2008=100)........... 88.650 94.5 94.9 6.3 0.0 1.0 0.2 0.4

Pacific Rim (Dec. 2003=100)4............... 100.000 104.1 104.8 5.4 0.5 0.8 0.3 0.7

China (Dec. 2003=100)....................... 100.000 104.1 104.6 4.8 0.7 0.5 0.2 0.5

Japan............................................ 100.000 99.2 99.6 1.8 0.0 0.1 0.1 0.4

Taiwan (Dec. 2018=100)...................... 100.000 109.2 110.2 9.7 0.4 1.4 0.6 0.9

Asian NICs5

..................................... 100.000 97.3 99.7 11.9 -0.3 1.8 1.0 2.5

ASEAN (Dec. 2003=100)6

.................... 100.000 102.7 104.2 5.4 0.2 0.3 0.6 1.5

Asia Near East (Dec. 2003=100)7

........... 100.000 226.4 247.9 35.9 -1.3 4.0 3.1 9.5

1 Relative importance figures are based on 2020 trade values.

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

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

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

Countries.

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

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

7 Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, and Yemen.

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

Regions are not mutually exclusive.

Dash = Not available

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

[December 2017=100, unless otherwise noted]

Description

Relative

importance

Feb.

20221

Index Percent change

Feb.

2022

Mar.

2022

Annual Monthly

Mar.

2021 to

Mar.

2022

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Industrialized Countries2

.................... 100.000 119.8 123.8 14.7 -1.0 2.5 2.1 3.3

Nonmanufacturing........................... 16.376 160.1 179.4 52.9 -5.8 8.9 8.6 12.1

Manufacturing................................ 81.883 114.7 116.5 9.2 -0.3 1.4 0.9 1.6

Canada.......................................... 100.000 125.9 129.5 16.9 -1.2 3.4 2.4 2.9

Nonmanufacturing (Dec. 2020=100). . . . .. 12.558 165.9 178.1 46.6 -6.8 9.5 10.2 7.4

Manufacturing (Dec. 2020=100)........... 86.008 115.2 117.7 13.5 -0.5 2.7 1.3 2.2

European Union............................... 100.000 117.7 123.1 13.0 -0.9 3.1 1.4 4.6

Nonmanufacturing........................... 20.197 154.5 178.6 56.1 -4.0 8.9 6.6 15.6

Manufacturing................................ 78.117 111.1 113.0 5.4 -0.3 1.7 0.2 1.7

Germany........................................ 100.000 110.3 112.1 3.1 0.0 2.1 0.6 1.6

Latin America3

................................. 100.000 131.7 139.9 26.7 -2.8 4.5 4.4 6.2

Nonmanufacturing........................... 13.024 206.7 217.1 53.6 -6.9 6.3 11.6 5.0

Manufacturing................................ 86.437 125.4 133.4 23.6 -2.4 4.2 3.5 6.4

Mexico........................................... 100.000 130.8 135.9 24.5 -2.7 3.1 4.2 3.9

Nonmanufacturing........................... 11.243 193.4 192.4 49.3 -12.1 1.2 21.5 -0.5

Manufacturing................................ 88.362 126.3 131.9 22.1 -1.7 3.4 2.4 4.4

Pacific Rim4.................................... 100.000 118.9 123.2 15.4 -1.0 1.7 2.5 3.6

Nonmanufacturing........................... 26.745 148.7 163.9 48.9 -2.3 3.6 6.2 10.2

Manufacturing................................ 70.859 111.3 112.5 6.9 -0.5 0.9 1.1 1.1

China............................................ 100.000 116.6 122.4 15.8 -1.0 2.4 2.8 5.0

Nonmanufacturing........................... 35.367 134.3 151.3 37.3 -0.9 6.0 8.4 12.7

Manufacturing................................ 62.937 111.0 111.8 5.3 -0.9 0.6 -0.1 0.7

Japan............................................ 100.000 121.7 128.0 19.3 -1.6 4.0 3.3 5.2

Nonmanufacturing........................... 31.130 159.1 182.5 56.1 -3.5 11.0 7.4 14.7

Manufacturing................................ 67.208 109.5 110.3 7.6 -0.8 1.1 1.1 0.7

1 Relative importance figures are based on 2020 trade values.

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

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

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

Countries.

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

Regions are not mutually exclusive.

Dash = Not available

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

[December 2017=100, unless otherwise noted]

Description

Index Percent change

Feb.

2022

Mar.

2022

Annual Monthly

Mar.

2021 to

Mar.

2022

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Industrialized Countries2

............................ 98.4 98.1 0.7 -0.1 -0.4 -0.3 -0.3

Canada.................................................. 85.6 82.0 -10.9 1.8 -2.7 -2.3 -4.2

European Union...................................... 105.6 109.3 7.3 -1.0 2.2 0.1 3.5

Germany................................................ 104.8 105.8 0.0 -0.1 1.3 -0.2 1.0

Latin America3

........................................ 117.2 121.9 11.9 -2.4 2.2 3.4 4.0

Mexico.................................................. 120.5 123.8 14.6 -2.0 1.0 3.2 2.7

Pacific Rim4............................................ 112.4 115.7 9.5 -1.4 0.9 2.2 2.9

China.................................................... 112.1 117.1 10.5 -1.7 2.0 2.6 4.5

Japan.................................................... 117.2 122.7 17.1 -1.5 3.8 3.3 4.7

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

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

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

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

Countries.

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

Regions are not mutually exclusive.

Dash = Not available

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

2021 to March 2022

[2000=100, unless otherwise noted]

Description

Relative

importance

Feb.

20221

Index Percent change

Feb.

2022

Mar.

2022

Annual Monthly

Mar.

2021 to

Mar.

2022

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Feb.

2022 to

Mar.

2022

Air Freight

Import Air Freight.................................... 100.000 348.5 354.3 18.3 -11.5 6.3 -9.2 1.7

Europe (Dec. 2003=100).......................... 25.501 293.1 296.2 19.0 5.4 -8.2 0.9 1.1

Asia.................................................. 74.499 345.4 351.9 14.6 -17.0 11.5 -12.2 1.9

Export Air Freight................................... 100.000 197.5 204.2 19.6 4.7 1.7 6.3 3.4

Europe (Dec. 2006=100).......................... 29.371 169.4 170.4 12.3 7.1 -1.7 9.0 0.6

Asia (Dec. 2011=100).............................. 48.918 151.2 160.7 29.3 7.4 0.7 6.9 6.3

Inbound Air Freight................................. 100.000 269.5 266.5 14.9 -4.1 6.8 -8.8 -1.1

Europe (Dec. 2003=100).......................... 23.385 204.0 205.6 17.4 3.4 -3.8 1.2 0.8

Asia.................................................. 67.155 274.8 272.0 14.6 -6.4 10.4 -11.8 -1.0

Outbound Air Freight............................... 100.000 205.1 208.4 27.1 5.6 5.4 -8.0 1.6

Europe (Dec. 2003=100).......................... 29.274 191.9 191.4 11.0 10.1 -6.2 13.6 -0.3

Asia.................................................. 53.284 225.0 231.8 40.6 5.6 9.6 -18.9 3.0

Air Passenger Fares

Import Air Passenger Fares....................... 100.000 149.4 162.2 11.2 5.1 -19.4 6.1 8.6

Europe............................................... 38.331 165.8 181.2 26.2 -6.0 -6.4 2.8 9.3

Asia.................................................. 20.435 156.6 168.9 2.2 12.4 -23.2 19.4 7.9

Latin America/Caribbean.......................... 11.439 109.8 124.5 26.0 33.1 -34.2 3.6 13.4

Export Air Passenger Fares....................... 100.000 164.1 175.6 9.8 2.3 7.7 -11.2 7.0

Europe............................................... 26.316 193.0 207.3 10.2 1.1 -0.2 -5.8 7.4

Asia.................................................. 28.182 212.9 217.7 16.7 3.9 10.7 2.2 2.3

Latin America/Caribbean.......................... 27.093 134.6 150.7 18.3 6.7 18.6 -26.1 12.0

1 Relative importance figures are based on 2020 trade values.

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

Dash = Not available

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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. 

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

telecommunications relay services.