U.S. IMPORT AND EXPORT PRICE INDEXES – NOVEMBER 2023

Prices for U.S. imports decreased 0.4 percent in November following a 0.6-percent decline the previous 

month, the U.S. Bureau of Labor Statistics reported today. Lower fuel prices in November more than offset 

an increase in nonfuel prices. U.S. export prices fell 0.9 percent for the second consecutive month in 

November. 

Chart 1. One-month and 12-month percent changes in the Import Price Index: November 2022 – November 2023

Imports 

U.S. import prices decreased 0.4 percent in November and 0.6 percent in October, the first 1-month declines 

since June 2023. The October decrease was the largest 1-month decline since the index fell 0.8 percent in 

March 2023. Prices for U.S. imports fell 1.4 percent for the year ended in November. (See table 1.)

Fuel Imports: The price index for import fuel declined 5.6 percent in November following a 3.7-percent 

drop in October. The November decrease was the largest monthly decline since the index fell 5.6 percent in 

February 2023. Lower petroleum prices in November more than offset higher natural gas prices. Prices for 

import petroleum declined 7.1 percent in November, after decreasing 3.8 percent the previous month. The 

November drop was the largest 1-month decrease since August 2022. In contrast, natural gas prices rose 

38.3 percent in November, the largest 1-month rise since December 2022. Prices for import fuel declined 

10.3 percent over the past 12 months. Petroleum prices decreased 9.2 percent for the year ended in 

November, and prices for natural gas, despite the November advance, declined 34.8 percent over the same 

period. 

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Transmission of material in this release is embargoed until

8:30 a.m. (ET) Thursday, December 14, 2023 

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

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

USDL-23-2566
2

All Imports Excluding Fuel: Prices for nonfuel imports rose 0.2 percent in November, after declining 0.2 

percent in each of the 3 previous months. The November increase was the first 1-month advance since a 0.4-

percent rise in February 2023. Higher prices for foods, feeds, and beverages and nonfuel industrial supplies 

and materials more than offset lower prices for automotive vehicles. Despite the November increase, 

nonfuel import prices declined 0.4 percent over the past year. 

Foods, Feeds, and Beverages: Import foods, feeds, and beverages prices advanced 0.9 percent in November, 

after declining 0.5 percent in October and 0.3 percent in September. Higher prices in November for 

vegetables and fruit more than offset lower prices for fish and shellfish, and meat. 

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

rose 0.2 percent in November following a 0.6-percent decline the previous month. The November advance 

was the first 1-month increase since February 2023. Higher prices for nonmonetary gold in November drove 

the advance in nonfuel industrial supplies and materials prices. 

Finished Goods: Prices for the major finished goods import categories were mostly unchanged in 

November. Automotive vehicles prices edged down 0.1 percent in November, after increasing 0.3 percent in 

October. The November decline was the first monthly drop since June 2023 and was led by lower prices for 

parts, engines, bodies, and chassis. The price index for capital goods was unchanged in November, after 

declining 0.1 percent the previous month. Prices for consumer goods were unchanged in November 

following a 0.1-percent drop in October. 

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: November 2022 – November 2023

Exports 

U.S. export prices decreased 0.9 percent in November, after a 0.9-percent decline the previous month. 

Lower prices for nonagricultural exports in November more than offset higher agricultural prices. The price 

index for U.S. exports also declined over the past 12 months, decreasing 5.2 percent from November 2022 

to November 2023. (See table 2.)

Agricultural Exports: The price index for export agricultural goods advanced 0.2 percent in November 

following a 4.1-percent decline over the past 3 months. Higher fruit and soybeans prices in November more 

than offset lower prices for corn, meat, and other foods and food preparations. In spite of the advance, prices 

for agricultural exports declined 10.5 percent for the year ended in November, the largest 12-month drop for 

the index since a 10.7-percent decrease from March 2015 to March 2016. 

All Exports Excluding Agriculture: Nonagricultural export prices decreased 1.0 percent for the second 

consecutive month in November. The declines followed a 2.7-percent increase for the third quarter of 2023. 

Lower prices in November for nonagricultural industrial supplies and materials, capital goods, consumer

goods, and automotive vehicles more than offset higher nonagricultural food prices. Prices for 

nonagricultural exports decreased 4.5 percent for the year ended in November. 

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

and materials fell 2.2 percent in November, after decreasing 2.4 percent the previous month. Lower fuel 

prices drove the declines for both months, decreasing 5.1 percent in November and 4.3 percent in October. 

The November drop in fuel prices was the largest monthly decline since May 2023. 

Finished Goods: Prices for each of the major finished goods export categories declined in November. 

Consumer goods prices fell 0.2 percent following a 0.4-percent drop in October. Prices for consumer goods 

last rose on a monthly basis in June 2023. The price index for capital goods edged down 0.1 percent in 

November, the first 1-month decline since November 2022. Automotive vehicles prices also declined 0.1 

percent in November, the first monthly decrease since April 2023. The November drop was led by lower 

prices for parts, engines, bodies, and chassis. 

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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Nov'22 Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov'23

1-month percent change 12-month percent change
4

Measures of Import and Export Prices by Locality

Imports by Locality of Origin: Prices for imports from China edged down 0.1 percent in November, after 

being unchanged the previous month. Prices for imports from China last increased on a monthly basis in 

October 2022. The price index for imports from China declined 2.9 percent from November 2022 to 

November 2023. In contrast, prices for imports from Japan ticked up 0.1 percent for the third consecutive 

month in November. Import prices from Japan last fell on a monthly basis in May 2023. Prices for imports 

from Japan rose 0.6 percent over the past year. Import prices from Canada declined 2.3 percent in 

November, the largest monthly decrease since a 4.0-percent drop in February 2023. The price index for 

imports from Canada fell 5.7 percent for the year ended November 2023. Import prices from the European 

Union fell 0.3 percent in November and prices for imports from Mexico decreased 0.1 percent over the 

same period. (See table 7.)

Exports by Locality of Destination: Export prices to China decreased 1.2 percent in November following a 

0.6-percent drop the previous month. The November decline was the largest monthly decrease since June 

2023. The price index for exports to China fell 5.5 percent over the past 12 months. Prices for exports to 

Japan decreased 2.0 percent in November, the largest monthly drop since May 2023. Export prices to Japan 

fell 10.8 percent for the year ended in November. Export prices to Canada fell 0.4 percent in November, 

after decreasing 0.3 percent in October. The November drop was the largest monthly decline since a 1.7-

percent decrease in May 2023. The price indexes for exports to the European Union and Mexico each fell in 

November, down 1.4 percent and 1.7 percent, respectively. (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 decreased 

1.1 percent in November, after a 0.6-percent decline the previous month. Lower export prices in November 

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

2.7 percent for the year ended in November. U.S. terms of trade with Japan decreased 2.1 percent in 

November following a 0.4-percent increase in October. U.S. terms of trade with Japan declined 11.4 percent 

over the past year. In contrast, the index for U.S. terms of trade with Canada rose 2.0 percent in November, 

the largest monthly increase since February 2023. U.S. terms of trade with the European Union and Mexico 

fell 1.1 percent and 1.5 percent, respectively, in November. (See table 9.)

Import and Export Services

Imports: Import air passenger fares fell 0.4 percent in November, after rising 2.5 percent in October and 9.9 

percent in September. Lower European fares in November more than offset higher Latin 

American/Caribbean and Asian fares. The index for import air passenger fares declined 5.1 percent over the 

past 12 months. Prices for import air freight rose 2.9 percent in November following a 0.6-percent decrease 

the previous month. A 5.0-percent advance in air freight prices from Asia drove the November increase. 

Despite the November rise, import air freight prices declined 8.7 percent over the past year. (See table 10.) 

Exports: Export air passenger fares rose 1.3 percent in November, after declining 0.6 percent in October 

and 4.5 percent in September. The November advance was led by higher Latin American/Caribbean fares 

which more than offset lower European fares. In spite of the monthly increase, export air passenger fares 

fell 5.2 percent for the year ended in November. Export air freight prices declined 1.2 percent in November 

following a 4.4-percent drop in October. Lower European and Asian air freight prices each contributed to 

the November decline. Prices for export air freight decreased 11.4 percent from November 2022 to 

November 2023. 

 

U.S. Import and Export Price Index data for December 2023 are scheduled for release on Wednesday, 

January 17, 2024, at 8:30 a.m. (ET). 
Table 1. U.S. import price indexes and percent changes for selected categories of goods: November 2022 to

November 2023

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Oct.

20231

Index Percent change

Oct.

2023

Nov.

2023

Annual Monthly

Nov.

2022 to

Nov.

2023

Jul.

2023 to

Aug.

2023

Aug.

2023 to

Sep.

2023

Sep.

2023 to

Oct.

2023

Oct.

2023 to

Nov.

2023

All commodities................................... 100.000 140.2 139.6 -1.4 0.6 0.5 -0.6 -0.4

All imports excluding food and fuels (Dec.

2010=100)........................................ 82.975 107.4 107.5 -0.6 -0.3 -0.2 -0.1 0.1

All imports excluding petroleum.............. 90.626 122.9 123.2 -0.6 -0.2 -0.2 -0.2 0.2

All imports excluding fuels (Dec.

2001=100)........................................ 90.114 126.7 126.9 -0.4 -0.2 -0.2 -0.2 0.2

Foods, feeds, & beverages................... 0 7.139 212.8 214.7 3.3 0.6 -0.3 -0.5 0.9

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 5.762 237.7 241.4 5.7 0.6 -0.1 -0.2 1.6

Nonagricultural foods (fish, distilled

beverages).................................. 01 1.377 153.3 150.2 -5.9 0.7 -1.3 -1.7 -2.0

Industrial supplies & materials.............. 1 24.964 247.4 242.3 -7.2 2.6 2.0 -1.9 -2.1

Industrial supplies & materials excluding

petroleum.................................... 15.701 196.1 198.1 -6.5 -0.7 -0.9 -0.7 1.0

Industrial supplies & materials excluding

fuels (Dec. 2001=100)..................... 15.092 219.6 220.1 -5.3 -1.0 -0.8 -0.6 0.2

Industrial supplies & materials, durable. . .. 9.479 212.8 213.6 -3.4 -0.6 -0.8 -1.2 0.4

Industrial supplies & materials nondurable

excluding petroleum....................... 6.112 176.9 180.4 -10.5 -0.8 -1.1 0.1 2.0

Fuels & lubricants............................. 10 9.886 307.5 290.2 -10.3 8.8 6.3 -3.7 -5.6

Petroleum & petroleum products......... 100 9.374 333.0 309.5 -9.2 8.9 7.0 -3.8 -7.1

Crude petroleum........................... 10000 6.144 354.4 324.5 -2.9 8.8 8.3 -1.5 -8.4

Fuels, n.e.s.-coals & gas.................. 101 0.378 156.5 199.2 -30.5 9.5 -5.5 -1.8 27.3

Natural gas.................................. 10110 0.272 131.0 181.2 -34.8 13.4 -6.7 -2.7 38.3

Paper & paper base stocks.................. 11 0.518 138.1 139.7 -6.6 -2.4 -2.8 1.4 1.2

Materials associated with nondurable

supplies & materials....................... 12 5.082 193.0 192.9 -9.0 -1.5 -0.5 0.2 -0.1

Selected building materials.................. 13 1.721 188.1 184.7 -6.8 0.3 -0.7 -0.9 -1.8

Unfinished metals related to durable

goods........................................ 14 3.732 307.5 311.1 -5.4 -1.4 -1.2 -1.0 1.2

Finished metals related to durable

goods........................................ 15 2.282 212.3 214.5 2.2 -0.3 -0.5 -1.7 1.0

Nonmetals related to durable goods. . . . . .. 16 1.743 122.2 122.1 -4.1 0.0 -0.4 -1.2 -0.1

Capital goods................................... 2 27.685 93.3 93.3 0.2 -0.1 0.0 -0.1 0.0

Electric generating equipment............... 20 3.743 129.6 129.7 0.6 0.5 0.0 -0.2 0.1

Nonelectrical machinery...................... 21 22.542 84.2 84.2 -0.1 -0.2 0.0 -0.1 0.0

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 1.400 152.8 152.7 3.6 -0.4 -0.2 -0.1 -0.1

Automotive vehicles, parts & engines..... 3 12.932 119.1 119.0 1.6 0.0 0.1 0.3 -0.1

Consumer goods, excluding

automotives.................................. 4 27.280 109.7 109.7 -0.1 0.0 0.0 -0.1 0.0

Nondurables, manufactured................. 40 12.767 125.0 125.2 0.6 0.0 -0.1 0.0 0.2

Durables, manufactured...................... 41 13.560 95.1 95.0 -0.4 0.0 -0.1 -0.1 -0.1

Nonmanufactured consumer goods. . . . . . .. 42 0.953 123.0 123.6 -4.2 -0.7 0.2 -0.2 0.5

1 Relative importance figures are based on 2021 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: November 2022 to

November 2023

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Oct.

20231

Index Percent change

Oct.

2023

Nov.

2023

Annual Monthly

Nov.

2022 to

Nov.

2023

Jul.

2023 to

Aug.

2023

Aug.

2023 to

Sep.

2023

Sep.

2023 to

Oct.

2023

Oct.

2023 to

Nov.

2023

All commodities................................... 100.000 148.6 147.3 -5.2 1.2 0.5 -0.9 -0.9

Agricultural commodities....................... 10.506 231.3 231.8 -10.5 -1.9 -1.1 -1.0 0.2

All exports excluding food and fuels (Dec.

2010=100)........................................ 73.298 113.7 113.7 0.6 0.1 0.1 -0.2 0.0

All exports excluding fuels (June

2022=100)........................................ 82.878 98.6 98.6 0.1 -0.1 0.0 -0.2 0.0

Nonagricultural commodities.................. 89.494 142.2 140.8 -4.5 1.6 0.8 -1.0 -1.0

Foods, feeds, & beverages................... 0 9.580 232.1 232.8 -11.4 -2.3 -1.4 -1.0 0.3

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 9.213 234.6 235.3 -11.1 -2.4 -1.4 -1.0 0.3

Nonagricultural foods (fish, distilled

beverages).................................. 01 0.367 185.5 186.0 -16.7 -1.2 -2.8 -1.3 0.3

Industrial supplies & materials.............. 1 38.261 200.7 196.3 -12.3 3.8 1.6 -2.3 -2.2

Industrial supplies & materials, durable. . .. 10.611 205.3 207.3 -0.5 0.0 0.0 -1.5 1.0

Industrial supplies & materials,

nondurable.................................. 27.651 196.1 189.4 -16.0 5.3 2.2 -2.7 -3.4

Agricultural industrial supplies &

materials..................................... 10 1.261 218.6 217.6 -6.0 1.3 0.4 -0.9 -0.5

Nonagricultural industrial supplies &

materials..................................... 37.000 200.2 195.7 -12.6 3.9 1.6 -2.4 -2.2

Fuels & lubricants............................. 11 17.122 252.2 239.4 -21.4 8.2 3.6 -4.3 -5.1

Nonagricultural supplies & materials

excluding fuels & building materials. . . .. 12 19.065 188.4 188.7 -3.4 0.4 -0.1 -0.7 0.2

Selected building materials.................. 13 0.813 148.8 149.1 -2.4 0.8 0.5 0.5 0.2

Capital goods................................... 2 31.029 121.7 121.6 2.4 0.1 0.1 0.2 -0.1

Electrical generating equipment............. 20 3.426 136.4 136.4 0.7 -0.4 -0.4 0.1 0.0

Nonelectrical machinery...................... 21 22.700 101.9 101.8 1.7 0.2 0.1 0.2 -0.1

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 4.903 211.6 211.8 6.7 0.1 0.2 0.0 0.1

Automotive vehicles, parts & engines..... 3 8.358 126.1 126.0 3.4 0.3 1.0 0.3 -0.1

Consumer goods, excluding

automotives.................................. 4 12.771 118.6 118.4 1.5 -0.3 -0.3 -0.4 -0.2

Nondurables, manufactured................. 40 6.758 110.2 109.9 1.4 -0.4 -0.4 -0.2 -0.3

Durables, manufactured...................... 41 4.779 118.9 118.8 2.3 0.0 -0.1 -0.9 -0.1

Nonmanufactured consumer goods (Dec.

2018=100)................................... 42 1.234 127.2 127.2 -0.2 -1.0 -0.8 0.0 0.0

1 Relative importance figures are based on 2021 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: November 2022 to November

2023

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Oct.

20231

Index Percent change

Oct.

2023

Nov.

2023

Annual Monthly

Nov.

2022 to

Nov.

2023

Jul.

2023 to

Aug.

2023

Aug.

2023 to

Sep.

2023

Sep.

2023 to

Oct.

2023

Oct.

2023 to

Nov.

2023

Nonmanufacturing................................ 9.096 161.9 156.0 -1.5 6.8 5.9 -1.3 -3.6

Agriculture, forestry, fishing and

hunting........................................ 11 2.239 222.8 231.0 9.5 1.0 2.0 -1.2 3.7

Crop production............................... 111 1.806 233.6 244.4 9.1 1.1 2.5 -0.7 4.6

Animal production (Dec. 2022=100)........ 112 0.264 112.3 111.6 – 2.2 -1.9 -3.1 -0.6

Mining............................................ 21 6.857 160.3 150.6 -4.9 8.9 7.3 -1.4 -6.1

Oil and gas extraction........................ 211 6.573 159.1 149.2 -5.5 9.2 7.5 -1.4 -6.2

Mining (except oil and gas) (Dec.

2022=100)................................... 212 0.284 114.0 111.5 – 4.3 1.2 2.2 -2.2

Manufacturing..................................... 90.582 121.5 121.3 -1.5 0.1 -0.1 -0.4 -0.2

Manufacturing, part 1......................... 31 11.321 137.8 137.7 -0.4 0.1 -0.8 0.0 -0.1

Food manufacturing.......................... 311 4.155 184.6 183.9 -1.1 0.3 -2.1 0.2 -0.4

Beverage and tobacco product

manufacturing............................... 312 1.184 140.9 141.2 4.9 0.5 0.1 -0.3 0.2

Apparel manufacturing....................... 315 3.197 118.6 118.9 -0.7 -0.2 -0.1 0.0 0.3

Leather and allied product

manufacturing............................... 316 1.374 127.4 127.6 0.3 0.0 0.2 0.2 0.2

Manufacturing, part 2......................... 32 19.716 142.0 140.6 -6.6 0.9 0.4 -1.5 -1.0

Paper manufacturing......................... 322 0.958 121.5 122.6 -4.0 -1.2 -1.9 0.9 0.9

Petroleum and coal products

manufacturing............................... 324 3.039 140.7 133.8 -19.6 9.1 4.8 -8.6 -4.9

Chemical manufacturing..................... 325 10.984 149.1 148.9 -4.3 -0.7 -0.3 0.2 -0.1

Plastics and rubber products

manufacturing............................... 326 2.599 131.8 131.6 -1.3 -0.1 -0.2 -1.2 -0.2

Nonmetallic mineral product

manufacturing............................... 327 1.066 144.8 144.4 2.1 -0.2 -0.5 -0.2 -0.3

Manufacturing, part 3......................... 33 59.545 112.1 112.2 0.1 -0.2 -0.1 -0.2 0.1

Primary metal manufacturing................ 331 4.556 212.5 216.3 -3.2 -1.1 -1.3 -1.5 1.8

Fabricated metal product manufacturing... 332 3.269 146.8 146.1 -2.2 -0.3 -0.3 -0.3 -0.5

Machinery manufacturing.................... 333 7.703 131.5 131.5 3.1 0.0 0.1 -0.4 0.0

Computer and electronic product

manufacturing............................... 334 16.690 72.5 72.6 -2.0 -0.1 0.0 0.0 0.1

Electrical equipment, appliance, and

component manufacturing................. 335 5.954 127.3 127.1 0.2 0.0 -0.2 -0.2 -0.2

Transportation equipment manufacturing... 336 13.136 118.0 117.9 1.6 -0.1 0.1 0.3 -0.1

Furniture and related product

manufacturing............................... 337 2.013 129.1 128.8 0.0 -0.4 0.2 -0.1 -0.2

Miscellaneous manufacturing............... 339 6.223 127.6 127.7 1.4 0.2 -0.2 -0.2 0.1

1 Relative importance figures are based on 2021 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: November 2022 to November

2023

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Oct.

20231

Index Percent change

Oct.

2023

Nov.

2023

Annual Monthly

Nov.

2022 to

Nov.

2023

Jul.

2023 to

Aug.

2023

Aug.

2023 to

Sep.

2023

Sep.

2023 to

Oct.

2023

Oct.

2023 to

Nov.

2023

Nonmanufacturing................................ 14.792 176.7 171.8 -20.3 1.3 2.0 -2.4 -2.8

Agriculture, forestry, fishing and

hunting........................................ 11 5.009 189.5 190.0 -18.1 -4.2 -2.5 -1.8 0.3

Crop production............................... 111 4.687 199.7 200.3 -19.1 -4.5 -2.8 -1.8 0.3

Mining............................................ 21 9.783 112.2 107.3 -21.6 4.6 4.4 -2.7 -4.4

Oil and gas extraction (Dec. 2021=100). .. 211 8.477 100.3 94.9 -23.5 5.8 5.2 -3.3 -5.4

Mining (except oil and gas).................. 212 1.305 132.9 136.4 -4.9 -2.3 -0.7 1.1 2.6

Manufacturing..................................... 83.603 134.2 133.5 -2.2 1.2 0.3 -0.7 -0.5

Manufacturing, part 1......................... 31 6.912 172.4 172.6 -3.8 0.2 0.0 -0.4 0.1

Food manufacturing.......................... 311 5.126 203.9 203.9 -4.5 0.3 0.1 -0.5 0.0

Beverage and tobacco product

manufacturing............................... 312 0.522 141.0 142.8 -1.4 0.5 0.2 0.1 1.3

Manufacturing, part 2......................... 32 26.411 137.9 135.1 -8.8 3.7 0.8 -1.6 -2.0

Wood product manufacturing (Dec.

2017=100)................................... 321 0.409 116.3 116.9 -2.0 0.5 1.2 0.4 0.5

Paper manufacturing......................... 322 1.542 143.8 142.6 -10.0 0.7 0.8 0.9 -0.8

Petroleum and coal products

manufacturing............................... 324 7.051 161.3 151.3 -21.7 14.7 3.1 -6.2 -6.2

Chemical manufacturing..................... 325 14.151 131.8 131.1 -2.8 0.0 -0.3 0.1 -0.5

Plastics and rubber products

manufacturing............................... 326 2.296 134.3 134.1 2.1 0.1 0.5 -0.1 -0.1

Nonmetallic mineral product

manufacturing............................... 327 0.769 132.5 132.2 2.4 0.2 -0.2 -0.1 -0.2

Manufacturing, part 3......................... 33 50.279 128.6 128.9 2.0 0.0 0.1 -0.2 0.2

Primary metal manufacturing................ 331 4.041 191.1 196.9 -3.6 -0.5 -0.8 -3.5 3.0

Machinery manufacturing.................... 333 9.610 150.6 150.5 4.6 0.5 0.1 0.1 -0.1

Computer and electronic product

manufacturing............................... 334 12.822 83.2 83.1 -1.0 0.0 0.1 0.1 -0.1

Electrical equipment, appliance, and

component manufacturing................. 335 3.550 134.7 134.6 1.2 -0.4 -0.6 0.0 -0.1

Transportation equipment manufacturing... 336 12.288 145.6 145.7 4.8 0.2 0.8 0.2 0.1

Miscellaneous manufacturing............... 339 4.929 138.1 138.1 2.9 -0.4 -0.3 0.0 0.0

1 Relative importance figures are based on 2021 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: November 2022 to

November 2023

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Oct.

20231

Index Percent change

Oct.

2023

Nov.

2023

Annual Monthly

Nov.

2022 to

Nov.

2023

Jul.

2023 to

Aug.

2023

Aug.

2023 to

Sep.

2023

Sep.

2023 to

Oct.

2023

Oct.

2023 to

Nov.

2023

Live animals; animal products................. I 1.519 229.3 222.8 -1.8 1.4 -2.1 -2.1 -2.8

Meat and edible meat offal..................... 02 0.404 321.6 309.0 -1.0 0.1 -3.3 -0.9 -3.9

Fish and crustaceans, molluscs and other

aquatic invertebrates......................... 03 0.746 144.2 139.2 -10.8 1.3 -2.1 -2.6 -3.5

Vegetable products............................... II 2.201 253.2 261.5 6.0 0.6 -0.3 -0.4 3.3

Edible vegetables, roots, and tubers.......... 07 0.610 524.9 551.8 11.7 -0.6 2.7 -2.5 5.1

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.831 126.6 131.4 9.2 0.1 1.1 1.8 3.8

Coffee, tea, mate and spices.................. 09 0.389 288.9 295.6 1.6 1.3 -1.4 -1.5 2.3

Animal or vegetable fats and oils (Dec.

2009=100)........................................ III 0.382 147.4 146.6 -4.8 4.1 -2.3 1.1 -0.5

Prepared foodstuffs, beverages, and

tobacco........................................... IV 3.389 196.6 198.2 4.0 0.2 -0.2 0.1 0.8

Sugars and sugar confectionary (Dec.

2021=100)..................................... 17 0.224 120.3 120.7 12.2 1.0 0.5 2.8 0.3

Cocoa and cocoa preparations (Dec.

2009=100)..................................... 18 0.256 127.3 130.9 18.0 1.1 1.0 0.9 2.8

Miscellaneous edible preparations (Dec.

2022=100)..................................... 21 0.396 98.9 99.4 – 0.1 -0.2 1.3 0.5

Beverages, spirits, and vinegar................ 22 1.115 154.5 154.5 4.6 0.4 0.2 -0.3 0.0

Mineral products.................................. V 10.000 315.2 297.6 -10.2 8.8 6.4 -3.7 -5.6

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 9.649 308.2 290.6 -10.7 9.1 6.6 -4.0 -5.7

Products of the chemical or allied

industries........................................ VI 10.478 170.8 170.6 -2.3 0.0 -0.2 0.2 -0.1

Inorganic chemicals............................. 28 0.597 493.0 498.9 -9.5 -4.3 1.7 -0.5 1.2

Organic chemicals............................... 29 2.371 144.0 144.0 0.4 -0.6 0.6 0.7 0.0

Pharmaceutical products....................... 30 5.212 146.9 147.2 0.7 -0.1 0.0 -0.2 0.2

Fertilizers (Dec. 2022=100).................... 31 0.339 63.5 61.0 – 10.2 -10.7 1.4 -3.9

Tanning extracts; dye, pigments, varnish,

paints & putty (Dec. 2022=100)............. 32 0.205 102.1 101.1 – 1.9 0.1 -0.9 -1.0

Miscellaneous chemical products............. 38 0.813 118.1 116.6 -2.9 -0.5 -0.2 0.1 -1.3

Plastics and articles thereof; rubber and

articles thereof.................................. VII 4.057 154.4 154.2 -2.3 -1.1 -0.5 -0.5 -0.1

Plastics and articles thereof.................... 39 2.605 152.0 151.6 -5.0 -1.6 -0.8 -0.8 -0.3

Rubber and articles thereof.................... 40 1.452 162.3 162.3 2.9 -0.4 0.1 0.3 0.0

Woodpulp, recovered paper, and paper

products......................................... X 0.954 127.6 128.4 -4.3 -1.5 -1.8 0.9 0.6

Textile and textile articles....................... XI 4.405 120.2 120.5 -0.6 -0.1 -0.1 -0.2 0.2

Articles of apparel and clothing accessories,

not knitted or crocheted...................... 62 1.217 126.6 126.6 -0.8 0.1 -0.2 0.1 0.0

Headgear, umbrellas, artificial flowers,

etc................................................. XII 1.204 127.0 127.3 0.2 -0.2 0.1 0.1 0.2

Footwear and parts of such articles........... 64 0.955 124.0 124.3 0.2 -0.2 0.1 0.2 0.2

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.929 137.1 136.5 1.9 -0.1 -0.5 -0.2 -0.4

Articles of stone, plaster, cement, asbestos,

or mica (Dec. 2020=100).................... 68 0.340 101.7 101.5 -0.8 0.0 -1.0 -0.2 -0.2

Glass and glassware (Dec. 2021=100)....... 70 0.326 107.7 107.6 6.6 -0.6 -0.3 -0.3 -0.1

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 3.076 216.7 222.8 0.4 0.9 -0.8 -2.7 2.8

See footnotes at end of table.

9
Table 5. U.S. import price indexes and percent changes for selected categories of goods: November 2022 to

November 2023 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Oct.

20231

Index Percent change

Oct.

2023

Nov.

2023

Annual Monthly

Nov.

2022 to

Nov.

2023

Jul.

2023 to

Aug.

2023

Aug.

2023 to

Sep.

2023

Sep.

2023 to

Oct.

2023

Oct.

2023 to

Nov.

2023

Base metals and articles of base metals. . .. XV 6.076 227.3 226.4 -3.0 -1.2 -1.0 -0.4 -0.4

Articles of iron or steel.......................... 73 1.785 195.8 194.1 -4.9 -1.0 -2.0 -0.7 -0.9

Copper and articles thereof.................... 74 0.509 359.3 363.8 2.2 2.2 -3.2 -2.4 1.3

Aluminum and articles thereof................. 76 1.037 186.4 185.3 1.4 -1.8 0.1 -0.1 -0.6

Tools, implements, cutlery, spoons and

forks, of base metal; parts thereof.......... 82 0.444 132.0 131.8 1.9 0.2 -0.2 -0.2 -0.2

Miscellaneous articles of base metal. . . . . . . .. 83 0.532 144.5 143.7 -5.6 -0.2 0.0 -1.4 -0.6

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 29.814 82.5 82.5 -0.4 0.0 -0.1 0.0 0.0

Machinery and mechanical appliances;

parts thereof................................... 84 15.198 89.4 89.3 -0.1 0.0 0.0 -0.3 -0.1

Electrical machinery and equip, sound and

TV recorders & reproducers, parts......... 85 14.616 75.9 76.1 -0.5 -0.1 0.0 0.1 0.3

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 10.926 122.6 122.6 1.3 -0.1 0.0 0.3 0.0

Motor vehicles and their parts................. 87 10.412 121.7 121.7 1.3 -0.1 0.1 0.2 0.0

Aircraft, spacecraft, and parts thereof (Dec.

2020=100)..................................... 88 0.515 107.2 107.1 -0.6 -0.5 -0.4 0.0 -0.1

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 4.158 108.5 108.3 2.7 0.3 0.0 0.0 -0.2

Optical, photographic, measuring and

medical instruments.......................... 90 3.864 104.0 103.9 2.3 0.2 0.0 0.0 -0.1

Miscellaneous manufactured articles......... XX 4.830 120.1 119.8 0.3 0.1 0.1 -0.2 -0.2

Furniture & stuffed furnishings; lamps &

lighting fittings, nesoi; prefab bldgs......... 94 2.745 127.4 126.9 -0.5 -0.3 0.1 0.0 -0.4

Toys, games and sports equipment; parts

and accessories thereof...................... 95 1.784 106.5 106.4 0.7 0.7 0.1 -0.3 -0.1

Miscellaneous manufactured articles. . . . . . . .. 96 0.301 147.6 147.6 7.0 0.3 -0.1 -0.1 0.0

1 Relative importance figures are based on 2021 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: November 2022 to

November 2023

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Oct.

20231

Index Percent change

Oct.

2023

Nov.

2023

Annual Monthly

Nov.

2022 to

Nov.

2023

Jul.

2023 to

Aug.

2023

Aug.

2023 to

Sep.

2023

Sep.

2023 to

Oct.

2023

Oct.

2023 to

Nov.

2023

Live animals; animal products................. I 2.089 262.3 258.8 -7.6 -0.2 0.7 0.9 -1.3

Meat & edible meat offal (Dec. 2006=100)... 02 1.325 224.1 219.8 -0.5 0.7 -0.6 1.7 -1.9

Fish and crustaceans, mollusks and aquatic

invertebrates (Dec. 2022=100).............. 03 0.215 75.4 75.6 – -2.3 -4.2 -1.0 0.3

Vegetable products............................... II 4.721 248.1 248.3 -18.8 -4.8 -2.8 -2.2 0.1

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.798 133.3 140.8 2.9 -1.5 1.2 1.4 5.6

Cereals............................................ 10 1.586 257.5 249.6 -30.4 -6.8 -5.2 0.8 -3.1

Oilseeds and misc. grains, seeds, fruits,

plants, straw and fodder..................... 12 1.799 263.5 267.9 -15.7 -5.8 -3.2 -6.4 1.7

Prepared foodstuffs, beverages, and

tobacco........................................... IV 3.016 185.4 187.2 -1.6 0.4 -0.2 -0.6 1.0

Miscellaneous edible preparations (Dec.

2017=100)..................................... 21 0.680 117.8 116.0 5.9 0.5 -0.4 -1.0 -1.5

Beverages, spirits, and vinegar (Dec.

2008=100)..................................... 22 0.467 107.6 107.6 0.0 -0.2 -0.6 -0.5 0.0

Residues and waste from the food

industries; prepared animal feed............ 23 0.740 290.4 304.9 -14.7 0.8 -0.6 -0.1 5.0

Mineral products.................................. V 16.902 303.2 287.8 -21.5 8.7 3.8 -4.1 -5.1

Ores, slag and ash (Dec. 2012=100)......... 26 0.471 125.2 121.8 0.7 2.7 -1.0 1.0 -2.7

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 16.210 291.4 276.1 -22.2 9.0 4.0 -4.3 -5.3

Products of the chemical or allied

industries........................................ VI 12.676 160.2 159.3 -2.7 -0.6 -0.4 -0.2 -0.6

Pharmaceutical products....................... 30 4.450 107.8 107.7 2.5 -0.2 -0.4 -0.4 -0.1

Essential oils and resinoids; perfumery

cosmetic or toilet preparations.............. 33 0.870 148.4 148.4 5.1 -0.3 -0.1 0.0 0.0

Soap; lubricants; waxes, polishing or

scouring products; candles, pastes......... 34 0.497 142.2 141.0 4.1 0.0 -0.1 2.4 -0.8

Miscellaneous chemical products............. 38 2.314 192.6 192.0 4.5 0.1 -0.2 -0.1 -0.3

Plastics and articles thereof; rubber and

articles thereof.................................. VII 4.565 157.7 157.0 -0.4 0.2 0.2 0.4 -0.4

Plastics and articles thereof.................... 39 3.749 154.1 153.3 -1.3 0.2 0.3 0.1 -0.5

Rubber and articles thereof.................... 40 0.817 173.1 172.6 3.5 0.3 -0.2 1.8 -0.3

Wood, wood charcoal, cork, straw, baskets

and wickerwork (Dec. 2014=100)............ IX 0.465 106.2 106.7 -6.3 1.3 1.0 -0.7 0.5

Woodpulp, recovered paper, and paper

products......................................... X 1.710 145.5 144.2 -6.1 1.2 0.4 2.1 -0.9

Woodpulp and recovered paper (Dec.

2019=100)..................................... 47 0.501 149.8 149.1 -14.3 3.0 3.7 6.2 -0.5

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 0.966 145.4 143.2 -3.4 0.7 -1.0 0.3 -1.5

Cotton, including yarns and woven fabrics

thereof.......................................... 52 0.456 163.3 158.3 -11.9 3.9 0.4 -1.0 -3.1

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.755 149.0 149.0 2.5 0.2 0.0 0.1 0.0

Glass and glassware (Dec. 2019=100)....... 70 0.466 114.6 114.6 1.8 0.0 0.0 0.3 0.0

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 4.330 296.0 307.9 -0.2 -0.5 -1.0 -3.1 4.0

Base metals and articles of base metals. . .. XV 4.451 207.4 204.3 -1.4 -0.3 0.4 -1.1 -1.5

Copper and articles thereof.................... 74 0.566 251.1 249.9 2.3 1.9 -0.3 -4.3 -0.5

Aluminum and articles thereof................. 76 0.667 143.5 143.5 0.5 -0.4 -1.3 2.7 0.0

See footnotes at end of table.

11
Table 6. U.S. export price indexes and percent changes for selected categories of goods: November 2022 to

November 2023 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Oct.

20231

Index Percent change

Oct.

2023

Nov.

2023

Annual Monthly

Nov.

2022 to

Nov.

2023

Jul.

2023 to

Aug.

2023

Aug.

2023 to

Sep.

2023

Sep.

2023 to

Oct.

2023

Oct.

2023 to

Nov.

2023

Miscellaneous articles of base metal (Dec.

2022=100)..................................... 83 0.328 104.8 104.8 – 0.0 0.0 1.7 0.0

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 26.019 106.8 106.7 2.1 0.0 0.1 0.1 -0.1

Machinery and mechanical appliances;

parts thereof................................... 84 15.187 131.1 131.1 4.7 0.2 0.1 0.2 0.0

Electrical machinery and equipment and

parts and accessories thereof............... 85 10.832 81.4 81.4 -1.3 -0.2 0.2 -0.2 0.0

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 9.225 152.5 152.5 2.9 0.3 1.0 0.2 0.0

Motor vehicles and their parts................. 87 6.979 127.4 127.4 2.5 0.2 1.1 0.3 0.0

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 5.670 118.4 118.4 4.0 0.3 0.0 0.1 0.0

Miscellaneous manufactured articles......... XX 1.202 134.9 134.1 0.0 -0.4 -0.3 0.0 -0.6

Furniture; stuffed furnishings; lamps and

lighting fittings nesoi.......................... 94 0.574 147.8 147.8 -0.7 0.0 -0.6 0.0 0.0

Toys, games and sports equipment; parts

and accessories thereof...................... 95 0.490 117.9 117.8 3.8 0.1 0.0 0.1 -0.1

1 Relative importance figures are based on 2021 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: November 2022 to November 2023

[2000=100, unless otherwise noted]

Description

Relative

importance

Oct.

20231

Index Percent change

Oct.

2023

Nov.

2023

Annual Monthly

Nov.

2022 to

Nov.

2023

Jul.

2023 to

Aug.

2023

Aug.

2023 to

Sep.

2023

Sep.

2023 to

Oct.

2023

Oct.

2023 to

Nov.

2023

Industrialized Countries2

.................... 100.000 146.2 145.0 -0.7 1.2 0.3 -0.5 -0.8

Nonmanufacturing........................... 12.227 277.4 264.2 -1.8 9.5 6.0 -1.5 -4.8

Manufacturing................................ 87.266 135.9 135.6 -0.5 0.1 -0.3 -0.4 -0.2

Canada.......................................... 100.000 178.6 174.5 -5.7 3.1 1.4 -0.8 -2.3

Nonmanufacturing........................... 33.861 273.5 260.6 -2.4 10.1 6.2 -1.7 -4.7

Manufacturing................................ 65.275 156.3 154.7 -7.4 -0.1 -0.9 -0.3 -1.0

European Union............................... 100.000 155.1 154.6 2.4 0.3 -0.4 -0.4 -0.3

Manufacturing................................ 99.167 150.8 150.3 2.5 0.3 -0.4 -0.5 -0.3

France (Dec. 2003=100)...................... 100.000 149.9 149.7 5.3 0.6 -0.8 -0.9 -0.1

Germany (Dec. 2003=100)................... 100.000 122.8 123.1 -2.1 0.0 -0.6 -1.0 0.2

United Kingdom (Dec. 2003=100).......... 100.000 137.0 136.5 3.2 0.2 0.9 -0.4 -0.4

Latin America3

................................. 100.000 171.7 171.6 0.7 -0.1 0.9 -0.1 -0.1

Nonmanufacturing........................... 14.905 347.6 339.6 0.0 3.4 4.5 -0.6 -2.3

Manufacturing................................ 84.800 137.4 137.9 1.0 -0.8 0.3 0.0 0.4

Mexico (Dec. 2003=100)...................... 100.000 146.2 146.0 3.1 0.5 0.2 -0.4 -0.1

Nonmanufacturing (Dec. 2008=100). . . . .. 9.373 181.1 174.8 8.6 2.0 -1.5 -3.4 -3.5

Manufacturing (Dec. 2008=100)........... 90.338 99.4 99.6 2.8 0.2 0.4 -0.1 0.2

Pacific Rim (Dec. 2003=100)4............... 100.000 102.7 102.5 -1.8 0.0 0.0 -0.1 -0.2

China (Dec. 2003=100)....................... 100.000 101.5 101.4 -2.9 0.0 -0.2 0.0 -0.1

Japan............................................ 100.000 101.5 101.6 0.6 0.0 0.1 0.1 0.1

Taiwan (Dec. 2018=100)...................... 100.000 110.0 109.9 -1.2 0.1 -0.1 0.5 -0.1

Asian NICs5

..................................... 100.000 95.7 95.3 -3.3 0.6 0.0 -0.2 -0.4

ASEAN (Dec. 2003=100)6

.................... 100.000 101.2 100.9 -2.5 -0.3 -0.1 0.0 -0.3

Asia Near East (Dec. 2003=100)7

........... 100.000 225.0 215.4 -9.8 4.3 1.1 -0.4 -4.3

1 Relative importance figures are based on 2021 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: November 2022 to November

2023

[December 2017=100, unless otherwise noted]

Description

Relative

importance

Oct.

20231

Index Percent change

Oct.

2023

Nov.

2023

Annual Monthly

Nov.

2022 to

Nov.

2023

Jul.

2023 to

Aug.

2023

Aug.

2023 to

Sep.

2023

Sep.

2023 to

Oct.

2023

Oct.

2023 to

Nov.

2023

Industrialized Countries2

.................... 100.000 120.1 119.5 -1.2 0.9 0.6 -0.8 -0.5

Nonmanufacturing........................... 13.165 145.4 138.8 -9.6 3.8 3.1 -1.8 -4.5

Manufacturing................................ 85.125 117.5 117.5 0.2 0.4 0.3 -0.6 0.0

Canada.......................................... 100.000 128.6 128.1 -0.7 0.7 0.7 -0.3 -0.4

Nonmanufacturing (Dec. 2020=100). . . . .. 7.896 139.1 137.6 -15.0 3.1 2.0 -0.3 -1.1

Manufacturing (Dec. 2020=100)........... 90.483 120.2 119.6 0.4 0.4 0.6 -0.2 -0.5

European Union............................... 100.000 118.7 117.0 -1.7 0.7 1.0 -0.8 -1.4

Nonmanufacturing........................... 16.467 147.8 136.8 -6.6 5.5 7.0 -4.6 -7.4

Manufacturing................................ 81.871 113.8 113.6 -0.4 -0.2 -0.2 0.1 -0.2

Germany........................................ 100.000 116.6 117.1 3.3 0.3 0.0 -1.1 0.4

Latin America3

................................. 100.000 124.9 122.8 -9.5 2.9 1.1 -1.4 -1.7

Nonmanufacturing........................... 9.218 142.0 136.9 -29.4 -0.3 0.4 1.6 -3.6

Manufacturing................................ 90.206 124.0 122.1 -6.9 3.3 1.1 -1.6 -1.5

Mexico........................................... 100.000 125.0 122.9 -6.5 1.9 0.4 -0.9 -1.7

Nonmanufacturing........................... 8.148 125.1 120.9 -30.6 -2.4 -0.9 4.9 -3.4

Manufacturing................................ 91.284 126.1 124.0 -3.7 2.4 0.5 -1.3 -1.7

Pacific Rim4.................................... 100.000 113.1 111.9 -5.6 0.4 0.3 -0.7 -1.1

Nonmanufacturing........................... 21.402 121.9 115.1 -19.2 1.6 1.1 -2.1 -5.6

Manufacturing................................ 77.494 112.7 112.8 -0.6 0.1 0.0 -0.2 0.1

China............................................ 100.000 108.4 107.1 -5.5 -0.4 0.6 -0.6 -1.2

Nonmanufacturing........................... 27.613 109.8 106.1 -14.4 -0.5 0.7 -2.2 -3.4

Manufacturing................................ 71.349 110.4 109.9 -1.4 -0.4 0.5 0.2 -0.5

Japan............................................ 100.000 110.7 108.5 -10.8 -0.1 -0.2 0.5 -2.0

Nonmanufacturing........................... 24.529 121.7 113.8 -28.2 0.3 -1.4 3.0 -6.5

Manufacturing................................ 74.429 108.0 107.5 -2.5 -0.4 0.3 -0.4 -0.5

1 Relative importance figures are based on 2021 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: November 2022 to November 20231

[December 2017=100, unless otherwise noted]

Description

Index Percent change

Oct.

2023

Nov.

2023

Annual Monthly

Nov.

2022 to

Nov.

2023

Jul.

2023 to

Aug.

2023

Aug.

2023 to

Sep.

2023

Sep.

2023 to

Oct.

2023

Oct.

2023 to

Nov.

2023

Industrialized Countries2

............................ 100.5 100.9 -0.5 -0.2 0.2 -0.4 0.4

Canada.................................................. 94.6 96.5 5.3 -2.4 -0.6 0.4 2.0

European Union...................................... 103.0 101.9 -4.0 0.3 1.5 -0.3 -1.1

Germany................................................ 109.3 109.5 5.5 0.3 0.6 -0.1 0.2

Latin America3

........................................ 108.3 106.6 -10.1 3.0 0.2 -1.4 -1.6

Mexico.................................................. 110.3 108.6 -9.3 1.5 0.2 -0.5 -1.5

Pacific Rim4............................................ 108.4 107.4 -3.9 0.4 0.3 -0.6 -0.9

China.................................................... 106.9 105.7 -2.7 -0.4 0.7 -0.6 -1.1

Japan.................................................... 104.2 102.0 -11.4 -0.1 -0.3 0.4 -2.1

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: November

2022 to November 2023

[2000=100, unless otherwise noted]

Description

Relative

importance

Oct.

20231

Index Percent change

Oct.

2023

Nov.

2023

Annual Monthly

Nov.

2022 to

Nov.

2023

Jul.

2023 to

Aug.

2023

Aug.

2023 to

Sep.

2023

Sep.

2023 to

Oct.

2023

Oct.

2023 to

Nov.

2023

Air Freight

Import Air Freight.................................... 100.000 229.6 236.3 -8.7 -8.3 4.1 -0.6 2.9

Europe (Dec. 2003=100).......................... 24.476 185.1 178.7 -30.2 4.1 -7.7 -0.3 -3.5

Asia.................................................. 75.060 230.9 242.5 0.8 -12.9 9.1 -0.4 5.0

Export Air Freight................................... 100.000 171.8 169.7 -11.4 2.0 1.0 -4.4 -1.2

Europe (Dec. 2006=100).......................... 25.535 136.0 132.0 -10.0 0.3 1.1 -5.8 -2.9

Asia (Dec. 2011=100).............................. 53.081 135.2 134.8 -13.3 2.8 0.8 -5.4 -0.3

Inbound Air Freight................................. 100.000 166.4 169.3 -12.9 -3.4 3.7 -0.3 1.7

Europe (Dec. 2003=100).......................... 27.031 144.5 142.8 -16.9 6.1 -6.4 -3.0 -1.2

Asia.................................................. 60.805 155.1 162.4 -10.8 -8.3 10.1 -1.3 4.7

Outbound Air Freight............................... 100.000 182.7 171.6 -12.1 -0.1 8.0 1.3 -6.1

Europe (Dec. 2003=100).......................... 27.668 169.1 164.6 -14.0 -0.8 0.9 -2.6 -2.7

Asia.................................................. 56.670 207.8 188.9 -10.8 0.1 13.0 4.9 -9.1

Air Passenger Fares

Import Air Passenger Fares....................... 100.000 178.3 177.5 -5.1 -14.1 9.9 2.5 -0.4

Europe............................................... 46.507 205.2 189.7 -4.5 -18.4 17.7 -0.8 -7.6

Asia.................................................. 5.836 177.4 177.8 -2.6 -11.0 3.1 3.8 0.2

Latin America/Caribbean.......................... 15.288 150.0 157.9 -6.6 -9.9 -2.8 8.2 5.3

Export Air Passenger Fares....................... 100.000 178.6 181.0 -5.2 -8.8 -4.5 -0.6 1.3

Europe............................................... 21.930 228.7 210.4 -3.5 -13.0 0.8 -3.8 -8.0

Asia.................................................. 11.882 193.7 198.8 -8.4 0.2 -10.8 -2.9 2.6

Latin America/Caribbean.......................... 52.557 175.1 183.6 -4.4 -9.7 -4.3 0.5 4.9

1 Relative importance figures are based on 2021 trade values.

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

Dash = Not available

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TECHNICAL NOTE

Import and Export Goods and Services Price Indexes - All indexes use a modified Laspeyres 

formula and are not seasonally adjusted. Price indexes are reweighted annually, with a 2-year lag in the 

weights. Published series use a base year of 2000=100 where possible. More detailed index series and 

additional information may be obtained at www.bls.gov/mxp or by calling (202) 691-7101. 

Merchandise Goods Classification Systems - The merchandise price indexes are published using three 

classification systems. Items are classified by end use according to the Bureau of Economic Analysis 

Classification System, by industry according to the North American Industry Classification System 

(NAICS), and by product category according to the Harmonized System (HS). While classification by 

end use and product category are self-explanatory, some notes are in order for classifying items by 

industry. In the NAICS imports and exports tables, items are classified by output industry, not input 

industry. As an example, NAICS import index 326 (plastics and rubber products manufacturing) 

includes outputs such as manufactured plastic rather than inputs such as petroleum. The NAICS 

classification structure also matches the classification system used by the Producer Price Index (PPI) to 

produce the NAICS primary products indexes.

Import Price Goods Indexes - Items are classified by the Harmonized Tariff Schedule of the United 

States Annotated (TSUSA). Import prices are based on U.S. dollar prices paid by the U.S. importer. The 

prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) 

U.S. port transaction prices, depending on the practices of the individual industry. The index for crude 

petroleum is calculated from data collected by the U.S. Department of Energy. 

Export Price Goods Indexes - Items are classified by the Harmonized Schedule B classification system 

of the U.S. Bureau of the Census. The prices used are generally either "free alongside ship" (f.a.s.) 

factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual 

industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of 

Agriculture. 

Services Price Indexes - Indexes for import and export air passenger fares calculate changes in the 

average revenue received per passenger by foreign carriers from U.S. residents and by U.S. carriers from 

foreign residents, respectively. Data are obtained from an airline consulting service and report on tickets 

sold by travel agencies, travel websites, and directly by the airlines. Taxes and fees are included in both 

the import and export air passenger fares indexes. Import air passenger fares data have used the airline 

consulting service source since September 2008. Before April 2018, the export air passenger fares data 

were collected directly by BLS from U.S. airlines. The air freight indexes are calculated from data 

collected directly from airlines. These data exclude mail and passenger baggage. The scope of the 

service being priced is the movement of freight from airport to airport only, and does not include any 

ground transportation or port service. The air freight indexes are presented using two definitions: 

balance of payments (which represents transactions between U.S. and foreign residents) and 

international (which represents transactions inbound to and outbound from the United States.) Fact 

sheets specifying detailed information for each services industry are available at www.bls.gov/mxp 

under "MXP Publications." 
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Import Price Indexes by Locality of Origin - Prices used in these indexes are a subset of the data 

collected for the import price indexes. The indexes are specific to a country, region, or grouping and, 

beginning with January 2002, are based on the North American Industry Classification System (NAICS) 

covering goods-producing industries. Nonmanufactured goods are defined as NAICS 11 and 21, and 

manufactured goods are defined as NAICS 31-33. 

Export Price Indexes by Locality of Destination - Prices used in these indexes are a subset of the data 

collected for the export price indexes. The indexes are specific to a country, region, or grouping and are 

based on the North American Industry Classification System (NAICS) covering goods-producing 

industries. Nonmanufactured goods are defined as NAICS 11 and 21, and manufactured goods are 

defined as NAICS 31-33. 

Terms of Trade Indexes - Terms of trade indexes measure the relative price of exports in terms of 

import prices for a specific country, region, or grouping. The indexes are calculated as one country, 

region, or grouping’s all-export goods price index divided by the corresponding all-import goods price 

index on a scale of 100. 

 

Relative Importance - A relative importance is a specific index’s price-updated value share (expressed 

as a percentage) of overall imports or exports at a specific point in time. Relative importance values are 

affected by the trade weights at the point indexes are reweighted and index changes relative to other 

indexes since the reweight point. If an index is rising in value relative to other indexes over time, the 

relative importance will increase as well. 

Revision Policy - To reflect the availability of late reports and corrections by respondents, monthly data 

may be revised in each of the 3 months after original publication. After 3 months, no further data 

revisions take place. For example, data first published in the January release will be subject to revision 

in the releases for February, March, and April. 

Rounding Policy - Index values are rounded to the tenth decimal place after being calculated. All 

percent changes are then derived from the rounded index values and subsequently rounded to the tenth 

decimal place. 

Uses of the Data - The primary use of the indexes is to deflate trade statistics, notably the foreign trade 

sector of the National Income and Product Accounts (NIPA) constructed by the Department of 

Commerce. Other published indexes are useful for general market analysis. For trade in international 

services, balance of payments indexes are used for deflating NIPA, while international indexes are more 

appropriate for market analysis. 

Email Subscription - The U.S. import and export price indexes news release is available through an 

email subscription service at https://subscriptions.bls.gov/accounts/USDOLBLS/subscriber/new. 

 

Additional Information - More detailed data are available on the Import/Export Price Indexes home 

page at www.bls.gov/mxp. For import and export price indexes data requests, send an email to 

mxpinfo@bls.gov. 

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

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