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

U.S. import prices rose 1.4 percent in February, after advancing 1.9 percent in January, the U.S. Bureau of 

Labor Statistics reported today. Higher fuel and nonfuel prices drove the increases in both months. Prices 

for U.S. exports advanced 3.0 percent in February following a 2.8-percent rise the previous month. 

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

Imports 

The price index for U.S. imports increased 1.4 percent in February following a 1.9-percent advance in 

January and a 0.4-percent decline in December. U.S. import prices rose 10.9 percent over the past 12 

months. (See table 1.)

Fuel Imports: Import fuel prices advanced 6.9 percent in February, after increasing 7.7 percent the previous 

month. Higher petroleum prices more than offset a decrease in natural gas prices. Prices for import fuel rose 

53.0 percent for the year ended in February. The price index for import petroleum increased 8.1 percent in 

February following a 7.9-percent rise in January. The February advance was the largest monthly increase for 

the index since October 2021. Import petroleum prices increased 52.8 percent over the past year. In contrast, 

natural gas prices declined 10.0 percent in February, after rising 6.8 percent in January and decreasing 10.5 

percent in December. Despite recent drops, the index advanced 61.6 percent from February 2021 to 

February 2022.

1.2 1.5

0.9 1.3 1.1

0.3

-0.2

0.4

1.5

0.7

-0.4

1.9 1.4

3.0

7.1

10.9

11.6 11.3

10.2

9.0 9.3

11.0

11.8

10.3 10.7 10.9

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

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

1-month percent change 12-month percent change

Transmission of material in this release is embargoed until

8:30 a.m. (ET) Wednesday, March 16, 2022 

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

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

USDL-22-0467
2

All Imports Excluding Fuel: Prices for nonfuel imports increased 0.8 percent in February following a 1.3-

percent rise the previous month. Nonfuel import prices have not recorded a monthly decline since 

November 2020. Higher prices for nonfuel industrial supplies and materials; foods, feeds, and beverages; 

capital goods; consumer goods; and automotive vehicles all contributed to the February advance in nonfuel 

import prices. The price index for nonfuel imports increased 7.2 percent over the past 12 months, the largest 

over-the-year advance since 12-month percent changes were first published in December 2002. 

Foods, Feeds, and Beverages: Import foods, feeds, and beverages prices rose 1.5 percent in February, after 

increasing 3.5 percent in January. The February advance was led by higher prices for fruit, fish and 

shellfish, and meat, which more than offset lower vegetable prices. 

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

rose 2.2 percent in February following a 3.2-percent increase the previous month. Higher prices for 

nonferrous metals, finished metals, selected building materials, and chemicals all contributed to the 

February advance. 

Finished Goods: Prices for each of the major finished goods categories increased in February. Consumer 

goods prices rose 0.3 percent, after advancing 0.4 percent in January. Prices for capital goods increased 0.3 

percent following a 0.8-percent rise the previous month. The February advance was driven by a 0.6-percent 

increase in computer, peripheral, and semiconductor prices. The price index for automotive vehicles 

advanced 0.2 percent for the second consecutive month in February. 

Table A. Percent change in Import and Export Price Indexes, selected categories
3

Chart 2. One-month and 12-month percent changes in the Export Price Index: February 2021 – February 2022 

Exports 

U.S. export prices rose 3.0 percent in February, after a 2.8-percent advance the previous month. The 

February increase was the largest monthly rise since 1-month percent changes were first published in 

January 1989. Higher prices for both agricultural and nonagricultural exports in February contributed to the 

overall advance in U.S. export prices. Prices for U.S. exports increased 16.6 percent for the year ended in 

February. (See table 2.)

Agricultural Exports: Prices for agricultural exports increased 3.0 percent in February following a 2.9-

percent rise in January. In February, higher prices for soybeans, corn, and cotton more than offset lower nut 

prices. The price index for agricultural exports increased 18.2 percent over the past year. 

All Exports Excluding Agriculture: The price index for nonagricultural exports rose 3.0 percent in 

February, after increasing 2.8 percent in January. The February and January advances were the largest 

increases since monthly percent changes were first published in January 1989. For both months, higher 

prices for nonagricultural industrial supplies and materials; capital goods; consumer goods; automotive 

vehicles; and nonagricultural foods all contributed to the increases in nonagricultural export prices. 

Nonagricultural prices rose 16.3 percent from February 2021 to February 2022. 

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

materials advanced 5.9 percent in February following a 5.2-percent increase the previous month. In 

February, an 11.5-percent rise in fuel prices led the advance in nonagricultural industrial supplies and 

materials prices and was the largest 1-month increase since the index rose 23.7 percent in June 2020. 

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

index for capital goods rose 0.4 percent, after increasing 0.8 percent in January. Higher prices for industrial 

service machinery and computers, peripherals, and semiconductors drove the February advance. Prices for 

consumer goods and automotive vehicles also rose in February, increasing 0.7 percent and 0.3 percent, 

respectively. 

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

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

1.6

2.5

1.2 2.3

1.2 1.1 0.2 0.3

1.9

0.7

-1.6

5.4 2.8 3.0

9.6

15.0

17.6 16.9 17.0 16.6 16.3

18.3 18.1

14.9 15.0

16.6

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

22.0

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

1-month percent change 12-month percent change
4

Measures of Import and Export Prices by Locality

Imports by Locality of Origin: Prices for imports from China ticked up 0.1 percent in February, after 

rising 1.4 percent from October to January. Import prices from China have not recorded a monthly decline 

since October 2020. The price index for imports from China increased 4.6 percent for the year ended in 

February. Prices for imports from Japan rose 0.1 percent in February and 1.7 percent over the past 12 

months. The last decrease for import prices from Japan was a 0.1-percent drop in July 2020. The price index 

for imports from Canada advanced 2.7 percent in February, after a 5.9-percent increase in January. Higher 

fuel prices led the advances in both months. Prices for imports from the European Union rose 1.2 percent in 

February and import prices from Mexico increased 0.6 percent over the same period. (See table 7.)

Exports by Locality of Destination: Export prices to China rose 2.7 percent in February, after a 2.6-

percent advance the previous month. The February increase was the largest 1-month rise for the price index 

for exports to China since a 3.6-percent advance in March 2021. Prices for exports to China rose 14.2 

percent from February 2021 to February 2022. Export prices to Japan increased 3.3 percent in February 

following a 4.0-percent advance the previous month. The price index for exports to Japan rose 14.9 percent 

over the past 12 months. Prices for exports to Canada advanced 2.5 percent in February, after a 3.8-percent 

increase in January. The price indexes for exports to the European Union and Mexico also rose in February, 

advancing 0.8 percent and 4.1 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 increased 

2.6 percent in February following a 2.1-percent advance the previous month. In February, the rise in export 

prices to China more than offset the increase in import prices from China. The index for U.S. terms of trade 

with China advanced 9.2 percent over the past year. U.S. terms of trade with Japan rose 3.2 percent in 

February, after increasing 3.8 percent in January. U.S. terms of trade with Japan advanced 12.9 percent for 

the year ended in February. The index for U.S. terms of trade with Mexico rose 3.4 percent in February, the 

largest monthly increase since the index advanced 7.8 percent in May 2021. In contrast, U.S. terms of trade 

with Canada declined 0.2 percent in February and the U.S. terms of trade with the European Union 

decreased 0.5 percent. (See table 9.)

Import and Export Services

Imports: Import air passenger fares increased 6.1 percent in February following a 19.4-percent decline the 

previous month. In February, higher Asian and European fares led the overall advance in air passenger 

fares. Import air passenger fares declined 1.3 percent for the year ended in February. Import air freight 

prices decreased 7.8 percent in February, after rising 6.3 percent in January. Despite the February decline, 

prices for import air freight advanced 13.2 percent over the past year. (See table 10.) 

Exports: The index for export air passenger fares fell 11.2 percent in February following increases of 7.7 

percent and 2.3 percent the 2 previous months. The February decline was the largest monthly drop since an 

11.6-percent decrease in February 2017. The February 2022 decline was driven by a 26.1-percent drop in 

Latin American/Caribbean fares. Despite the February decrease, overall export air passenger fares rose 1.0 

percent over the past 12 months. Prices for export air freight increased 3.8 percent in February, after 

advances of 1.7 percent in January and 4.7 percent in December. Export air freight prices have not recorded 

a monthly decline since July 2021. The price index for export air freight rose 13.9 percent from February 

2021 to February 2022, the largest 12-month increase since the index advanced 15.0 percent in October 

2011. 

 

U.S. Import and Export Price Index data for March 2022 are scheduled for release on Thursday, April 14, 

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

February 2022

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Jan.

20221

Index Percent change

Jan.

2022

Feb.

2022

Annual Monthly

Feb.

2021 to

Feb.

2022

Oct.

2021 to

Nov.

2021

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

All commodities................................... 100.000 140.0 141.9 10.9 0.7 -0.4 1.9 1.4

All imports excluding food and fuels (Dec.

2010=100)........................................ 83.131 108.0 108.7 6.5 0.6 0.5 1.1 0.6

All imports excluding petroleum.............. 91.019 123.6 124.5 7.6 0.7 0.4 1.3 0.7

All imports excluding fuels (Dec.

2001=100)........................................ 90.194 127.1 128.1 7.2 0.6 0.5 1.3 0.8

Foods, feeds, & beverages................... 0 7.063 207.6 210.8 16.0 -0.1 0.4 3.5 1.5

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 5.610 225.1 228.2 15.4 -0.3 0.6 4.0 1.4

Nonagricultural foods (fish, distilled

beverages).................................. 01 1.453 168.3 172.1 17.9 0.7 -0.4 1.5 2.3

Industrial supplies & materials.............. 1 28.856 258.3 268.0 32.9 2.2 -2.1 4.7 3.8

Industrial supplies & materials excluding

petroleum.................................... 19.817 218.8 222.6 24.5 2.9 1.0 3.3 1.7

Industrial supplies & materials excluding

fuels (Dec. 2001=100)..................... 18.767 241.2 246.4 22.8 2.0 1.8 3.2 2.2

Industrial supplies & materials, durable. . .. 12.858 235.5 241.5 18.7 1.9 1.7 3.5 2.5

Industrial supplies & materials nondurable

excluding petroleum....................... 7.017 197.6 198.1 33.7 4.5 0.1 2.9 0.3

Fuels & lubricants............................. 10 9.806 293.7 313.9 53.0 2.5 -7.7 7.7 6.9

Petroleum & petroleum products......... 100 8.981 307.9 332.9 52.8 1.2 -7.7 7.9 8.1

Crude petroleum........................... 10000 6.251 320.7 342.6 48.8 -0.1 -9.4 10.9 6.8

Fuels, n.e.s.-coals & gas.................. 101 0.705 273.6 252.7 60.2 18.5 -8.8 5.6 -7.6

Natural gas.................................. 10110 0.582 267.3 240.6 61.6 22.5 -10.5 6.8 -10.0

Paper & paper base stocks.................. 11 0.483 124.3 127.7 15.9 -2.6 0.0 -0.2 2.7

Materials associated with nondurable

supplies & materials....................... 12 5.709 211.9 214.5 31.9 2.7 2.0 2.9 1.2

Selected building materials.................. 13 2.178 229.3 235.8 17.9 1.8 7.9 14.8 2.8

Unfinished metals related to durable

goods........................................ 14 5.572 360.8 372.0 19.9 2.7 -0.1 1.6 3.1

Finished metals related to durable

goods........................................ 15 3.370 212.3 218.3 27.8 1.7 1.0 1.6 2.8

Nonmetals related to durable goods. . . . . .. 16 1.739 124.2 124.2 8.8 0.4 1.2 0.7 0.0

Capital goods................................... 2 25.885 91.2 91.5 3.2 0.2 0.1 0.8 0.3

Electric generating equipment............... 20 3.194 124.5 124.9 3.0 0.0 0.2 1.2 0.3

Nonelectrical machinery...................... 21 21.065 82.9 83.2 3.2 0.2 0.0 0.7 0.4

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 1.626 141.6 140.7 2.1 0.4 0.1 1.7 -0.6

Automotive vehicles, parts & engines..... 3 12.537 114.1 114.3 2.5 0.2 0.1 0.2 0.2

Consumer goods, excluding

automotives.................................. 4 25.659 109.8 110.1 2.9 0.3 0.5 0.4 0.3

Nondurables, manufactured................. 40 13.047 125.0 125.3 1.0 0.2 0.2 0.0 0.2

Durables, manufactured...................... 41 11.875 94.9 95.0 4.3 0.2 0.5 0.6 0.1

Nonmanufactured consumer goods. . . . . . .. 42 0.737 129.6 132.5 12.8 2.5 1.9 2.8 2.2

1 Relative importance figures are based on 2020 trade values.

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

Dash = Not available

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

February 2022

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Jan.

20221

Index Percent change

Jan.

2022

Feb.

2022

Annual Monthly

Feb.

2021 to

Feb.

2022

Oct.

2021 to

Nov.

2021

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

All commodities................................... 100.000 148.2 152.7 16.6 0.7 -1.6 2.8 3.0

Agricultural commodities....................... 12.189 238.0 245.1 18.2 1.1 0.7 2.9 3.0

All exports excluding food and fuels (Dec.

2010=100)........................................ 70.379 112.7 113.6 7.9 0.5 0.3 0.8 0.8

Nonagricultural commodities.................. 87.811 141.5 145.7 16.3 0.6 -1.9 2.8 3.0

Foods, feeds, & beverages................... 0 11.133 240.6 247.7 17.7 0.5 0.3 3.2 3.0

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 10.648 241.1 248.1 17.8 0.6 0.4 3.3 2.9

Nonagricultural foods (fish, distilled

beverages).................................. 01 0.485 235.6 244.4 16.9 0.1 -1.0 1.2 3.7

Industrial supplies & materials.............. 1 42.063 210.4 222.6 35.2 1.3 -4.4 5.0 5.8

Industrial supplies & materials, durable. . .. 10.881 217.8 222.5 13.6 2.0 -0.6 1.7 2.2

Industrial supplies & materials,

nondurable.................................. 31.183 204.7 219.3 44.8 1.0 -5.8 6.2 7.1

Agricultural industrial supplies &

materials..................................... 10 1.514 227.0 234.7 21.6 4.9 2.5 0.8 3.4

Nonagricultural industrial supplies &

materials..................................... 40.549 209.9 222.3 35.7 1.1 -4.6 5.2 5.9

Fuels & lubricants............................. 11 18.488 254.7 284.0 65.7 1.6 -10.8 10.7 11.5

Nonagricultural supplies & materials

excluding fuels & building materials. . . .. 12 21.157 204.3 206.6 17.1 0.8 0.1 1.0 1.1

Selected building materials.................. 13 0.904 157.9 161.8 15.3 -0.2 -0.2 1.3 2.5

Capital goods................................... 2 28.812 116.2 116.7 4.1 0.3 0.2 0.8 0.4

Electrical generating equipment............. 20 3.220 129.9 130.2 8.3 0.6 0.5 1.4 0.2

Nonelectrical machinery...................... 21 20.901 98.4 98.7 4.0 0.2 0.3 0.7 0.3

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 4.691 192.9 193.9 2.3 -0.1 0.2 0.6 0.5

Automotive vehicles, parts & engines..... 3 7.545 117.4 117.8 2.4 0.2 0.2 0.5 0.3

Consumer goods, excluding

automotives.................................. 4 10.447 114.5 115.3 4.8 0.5 0.4 1.1 0.7

Nondurables, manufactured................. 40 5.624 110.6 110.4 2.1 0.3 0.1 0.5 -0.2

Durables, manufactured...................... 41 3.957 111.3 111.6 3.6 0.4 0.0 1.5 0.3

Nonmanufactured consumer goods (Dec.

2018=100)................................... 42 0.865 111.2 119.8 26.8 2.2 2.7 3.5 7.7

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: February 2021 to February

2022

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Jan.

20221

Index Percent change

Jan.

2022

Feb.

2022

Annual Monthly

Feb.

2021 to

Feb.

2022

Oct.

2021 to

Nov.

2021

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Nonmanufacturing................................ 9.509 155.2 162.2 43.3 1.7 -7.2 9.3 4.5

Agriculture, forestry, fishing and

hunting........................................ 11 2.325 217.7 222.9 24.6 0.2 0.8 7.3 2.4

Crop production............................... 111 1.935 233.3 235.6 24.1 0.4 1.2 8.9 1.0

Mining............................................ 21 7.185 152.7 160.7 49.8 2.0 -9.2 9.9 5.2

Oil and gas extraction........................ 211 6.917 151.9 160.2 50.6 2.1 -9.8 10.3 5.5

Manufacturing..................................... 90.115 121.8 123.0 8.3 0.7 0.3 1.2 1.0

Manufacturing, part 1......................... 31 11.226 136.1 137.1 7.8 0.4 0.3 1.0 0.7

Food manufacturing.......................... 311 4.145 181.9 184.8 15.9 0.0 0.1 1.9 1.6

Beverage and tobacco product

manufacturing............................... 312 1.087 132.4 132.9 1.3 0.1 -0.1 -0.3 0.4

Textile mills (Dec. 2011=100)............... 313 0.406 124.0 124.1 21.5 5.5 5.1 2.3 0.1

Textile product mills.......................... 314 1.514 112.6 113.1 5.8 0.5 0.6 0.4 0.4

Apparel manufacturing....................... 315 2.898 115.7 115.9 2.7 0.5 0.2 0.9 0.2

Leather and allied product

manufacturing............................... 316 1.176 127.2 127.8 3.4 0.2 0.5 -1.1 0.5

Manufacturing, part 2......................... 32 20.842 148.5 151.5 17.8 1.4 0.7 2.6 2.0

Wood product manufacturing (Dec.

2019=100)................................... 321 1.488 211.0 217.2 23.7 3.1 13.1 25.5 2.9

Paper manufacturing......................... 322 0.943 115.5 118.0 9.9 -2.7 0.0 -0.3 2.2

Petroleum and coal products

manufacturing............................... 324 2.442 127.8 141.9 62.4 4.2 -3.5 2.1 11.0

Chemical manufacturing..................... 325 12.400 158.7 159.6 13.4 1.2 0.8 1.4 0.6

Plastics and rubber products

manufacturing............................... 326 2.474 129.4 129.5 4.6 0.5 0.2 0.3 0.1

Nonmetallic mineral product

manufacturing............................... 327 0.927 138.7 139.8 6.4 0.7 0.9 0.4 0.8

Manufacturing, part 3......................... 33 58.048 111.1 111.8 5.3 0.5 0.3 0.8 0.6

Primary metal manufacturing................ 331 7.138 235.1 243.8 21.4 2.4 -0.1 1.8 3.7

Fabricated metal product manufacturing... 332 3.167 147.1 147.8 13.3 1.1 0.7 0.8 0.5

Machinery manufacturing.................... 333 6.782 124.8 125.0 3.4 0.2 0.1 0.8 0.2

Computer and electronic product

manufacturing............................... 334 15.969 73.4 73.7 2.6 0.1 -0.3 0.4 0.4

Electrical equipment, appliance, and

component manufacturing................. 335 5.332 124.7 125.0 6.4 0.4 0.7 1.7 0.2

Transportation equipment manufacturing... 336 13.030 113.3 113.4 2.3 0.2 0.1 0.4 0.1

Furniture and related product

manufacturing............................... 337 1.799 124.1 126.3 8.8 0.5 2.0 0.5 1.8

Miscellaneous manufacturing............... 339 4.829 123.6 123.3 2.7 0.6 1.2 0.9 -0.2

1 Relative importance figures are based on 2020 trade values.

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

Dash = Not available

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

2022

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Jan.

20221

Index Percent change

Jan.

2022

Feb.

2022

Annual Monthly

Feb.

2021 to

Feb.

2022

Oct.

2021 to

Nov.

2021

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Nonmanufacturing................................ 18.635 198.0 214.3 47.1 1.9 -6.7 7.7 8.2

Agriculture, forestry, fishing and

hunting........................................ 11 6.683 214.3 224.8 20.3 2.2 1.2 4.4 4.9

Crop production............................... 111 6.309 226.5 237.4 20.4 2.5 1.4 4.7 4.8

Mining............................................ 21 11.951 125.3 138.0 67.3 1.8 -10.8 9.6 10.1

Oil and gas extraction (Dec. 2021=100). .. 211 10.580 111.9 124.4 – – – 11.9 11.2

Mining (except oil and gas).................. 212 1.372 149.9 152.4 55.7 20.1 0.8 -4.9 1.7

Manufacturing..................................... 79.418 130.7 133.0 11.5 0.4 -0.5 1.9 1.8

Manufacturing, part 1......................... 31 7.009 168.0 169.9 14.7 0.1 0.1 1.6 1.1

Food manufacturing.......................... 311 5.285 197.1 199.4 18.8 0.1 -0.3 1.4 1.2

Beverage and tobacco product

manufacturing............................... 312 0.538 137.5 138.8 0.7 1.6 1.3 0.4 0.9

Manufacturing, part 2......................... 32 26.198 137.5 142.6 24.2 0.5 -2.3 3.4 3.7

Wood product manufacturing (Dec.

2017=100)................................... 321 0.522 137.4 138.2 20.3 0.1 0.2 0.7 0.6

Paper manufacturing......................... 322 1.547 139.7 142.6 16.3 -0.4 0.3 2.0 2.1

Petroleum and coal products

manufacturing............................... 324 6.714 142.4 161.8 62.4 1.6 -9.9 12.1 13.6

Chemical manufacturing..................... 325 14.538 140.8 140.6 14.4 0.2 0.6 0.5 -0.1

Plastics and rubber products

manufacturing............................... 326 2.057 127.5 127.7 9.7 0.7 0.6 0.6 0.2

Nonmetallic mineral product

manufacturing............................... 327 0.662 121.0 127.4 3.5 -1.6 -1.2 0.6 5.3

Manufacturing, part 3......................... 33 46.211 123.8 124.7 5.4 0.5 0.2 1.1 0.7

Primary metal manufacturing................ 331 4.431 217.3 223.0 16.8 1.9 -0.5 2.4 2.6

Fabricated metal product manufacturing... 332 2.536 166.1 166.7 8.2 0.8 0.6 3.0 0.4

Machinery manufacturing.................... 333 8.138 137.9 138.5 5.7 0.6 0.4 1.0 0.4

Computer and electronic product

manufacturing............................... 334 12.188 83.7 84.0 3.1 0.0 0.2 0.6 0.4

Electrical equipment, appliance, and

component manufacturing................. 335 3.237 127.2 127.7 8.0 0.9 0.4 2.2 0.4

Transportation equipment manufacturing... 336 11.265 134.5 134.8 2.3 0.1 0.1 0.6 0.2

Miscellaneous manufacturing............... 339 4.103 126.6 128.8 7.4 0.6 0.8 1.2 1.7

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: February 2021 to

February 2022

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jan.

20221

Index Percent change

Jan.

2022

Feb.

2022

Annual Monthly

Feb.

2021 to

Feb.

2022

Oct.

2021 to

Nov.

2021

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Live animals; animal products................. I 1.537 232.6 242.5 21.9 -0.8 -0.4 0.8 4.3

Meat and edible meat offal..................... 02 0.460 336.5 352.5 22.1 -4.9 -1.4 -0.4 4.8

Fish and crustaceans, molluscs and other

aquatic invertebrates......................... 03 0.804 165.1 171.5 27.4 0.9 -0.2 2.8 3.9

Vegetable products............................... II 2.338 254.5 257.3 22.2 0.6 0.8 9.3 1.1

Edible vegetables, roots, and tubers.......... 07 0.498 487.9 444.1 3.8 -2.5 -5.8 25.4 -9.0

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.875 130.4 138.1 26.3 -3.3 5.1 7.9 5.9

Coffee, tea, mate and spices.................. 09 0.431 301.5 310.3 38.3 6.5 2.9 1.2 2.9

Animal or vegetable fats and oils (Dec.

2009=100)........................................ III 0.429 147.8 152.8 40.3 -1.1 0.0 -0.3 3.4

Prepared foodstuffs, beverages, and

tobacco........................................... IV 3.195 183.2 183.6 6.8 0.8 0.2 1.2 0.2

Sugars and sugar confectionary (Dec.

2021=100)..................................... 17 0.211 102.6 102.6 – – – 2.6 0.0

Cocoa and cocoa preparations (Dec.

2009=100)..................................... 18 0.202 102.0 103.4 3.6 0.5 -0.6 2.2 1.4

Beverages, spirits, and vinegar................ 22 1.059 145.0 145.5 1.4 0.8 -0.5 -1.0 0.3

Mineral products.................................. V 9.785 300.2 320.1 53.8 2.3 -7.4 7.7 6.6

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 9.414 293.8 314.0 54.2 2.4 -7.8 8.1 6.9

Products of the chemical or allied

industries........................................ VI 11.498 176.6 177.7 12.3 1.2 1.2 1.0 0.6

Inorganic chemicals............................. 28 0.753 525.4 532.0 75.1 9.5 9.6 3.1 1.3

Organic chemicals............................... 29 2.681 149.1 149.1 16.1 0.8 0.9 1.5 0.0

Pharmaceutical products....................... 30 5.390 150.1 150.5 -1.4 0.0 0.1 -0.6 0.3

Miscellaneous chemical products............. 38 0.826 116.7 116.7 8.1 0.3 1.0 0.5 0.0

Plastics and articles thereof; rubber and

articles thereof.................................. VII 3.832 159.7 159.1 5.7 0.4 0.5 0.6 -0.4

Plastics and articles thereof.................... 39 2.699 165.1 164.6 9.1 0.5 0.4 0.8 -0.3

Rubber and articles thereof.................... 40 1.133 151.4 150.8 -0.9 0.2 0.9 0.0 -0.4

Articles of leather; travel goods, bags, etc.

of various materials........................... 42 0.419 140.7 141.2 7.3 0.4 0.8 0.9 0.4

Wood, wood charcoal, cork, straw,

basketware and wickerwork................. IX 1.541 311.6 322.1 26.8 3.1 12.7 26.4 3.4

Wood and articles of wood; wood charcoal

(Dec. 2019=100).............................. 44 1.504 219.1 226.7 27.7 3.3 13.1 27.2 3.5

Woodpulp, recovered paper, and paper

products......................................... X 0.917 120.8 124.8 11.1 -3.0 0.3 -0.3 3.3

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 0.608 110.8 116.8 11.6 -2.5 0.1 2.2 5.4

Textile and textile articles....................... XI 4.667 119.8 120.1 4.9 0.9 0.6 1.0 0.3

Articles of apparel and clothing accessories,

not knitted or crocheted...................... 62 1.322 123.9 124.2 1.8 0.3 0.2 0.2 0.2

Made-up or worn textile articles............... 63 1.297 106.9 107.4 7.4 0.5 0.4 0.5 0.5

Headgear, umbrellas, artificial flowers,

etc................................................. XII 1.020 125.4 126.0 2.0 -0.1 0.5 -1.6 0.5

Footwear and parts of such articles........... 64 0.841 123.2 123.7 1.6 0.2 0.5 -2.1 0.4

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.797 132.1 133.3 1.6 0.2 0.0 0.1 0.9

See footnotes at end of table.

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

February 2022 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jan.

20221

Index Percent change

Jan.

2022

Feb.

2022

Annual Monthly

Feb.

2021 to

Feb.

2022

Oct.

2021 to

Nov.

2021

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Articles of stone, plaster, cement, asbestos,

or mica (Dec. 2020=100).................... 68 0.294 99.4 100.4 2.1 0.5 0.1 0.1 1.0

Glass and glassware (Dec. 2021=100)....... 70 0.274 99.8 101.3 – – – -0.2 1.5

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 4.622 230.6 238.1 1.8 2.8 -0.3 1.8 3.3

Base metals and articles of base metals. . .. XV 6.096 239.1 242.7 27.2 2.2 1.2 2.2 1.5

Iron and steel.................................... 72 1.133 312.2 313.4 30.7 2.8 1.3 -0.1 0.4

Articles of iron or steel.......................... 73 1.859 202.1 203.1 32.8 3.1 1.1 3.6 0.5

Copper and articles thereof.................... 74 0.528 417.6 420.0 16.9 1.8 0.4 1.8 0.6

Aluminum and articles thereof................. 76 1.118 198.0 205.8 35.0 0.3 1.2 2.7 3.9

Tools, implements, cutlery, spoons and

forks, of base metal; parts thereof.......... 82 0.410 126.9 127.6 3.6 0.6 -0.1 -0.1 0.6

Miscellaneous articles of base metal. . . . . . . .. 83 0.520 147.2 147.5 8.2 0.7 0.1 1.2 0.2

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 28.288 81.8 81.9 3.3 0.2 0.0 0.7 0.1

Machinery and mechanical appliances;

parts thereof................................... 84 14.525 88.1 88.2 3.4 0.2 -0.1 0.9 0.1

Electrical machinery and equip, sound and

TV recorders & reproducers, parts......... 85 13.764 75.8 76.0 3.1 0.1 0.1 0.5 0.3

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 10.961 117.5 117.7 2.0 0.2 0.2 0.1 0.2

Motor vehicles and their parts................. 87 10.176 116.8 117.0 2.1 0.2 0.1 0.1 0.2

Aircraft, spacecraft, and parts thereof (Dec.

2020=100)..................................... 88 0.693 101.7 101.8 1.5 0.7 0.0 0.8 0.1

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 3.744 103.1 103.4 0.8 -0.3 0.1 0.9 0.3

Optical, photographic, measuring and

medical instruments.......................... 90 3.527 98.9 99.2 0.6 -0.3 0.0 0.8 0.3

Miscellaneous manufactured articles......... XX 4.197 116.5 117.6 5.9 0.4 1.1 0.5 0.9

Furniture & stuffed furnishings; lamps &

lighting fittings, nesoi; prefab bldgs......... 94 2.550 124.6 126.3 7.5 0.5 1.5 0.5 1.4

Toys, games and sports equipment; parts

and accessories thereof...................... 95 1.387 103.0 103.0 2.5 0.3 0.2 0.3 0.0

Miscellaneous manufactured articles. . . . . . . .. 96 0.259 133.8 137.2 7.6 -0.7 1.5 2.3 2.5

1 Relative importance figures are based on 2020 trade values.

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

Dash = Not available

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

February 2022

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jan.

20221

Index Percent change

Jan.

2022

Feb.

2022

Annual Monthly

Feb.

2021 to

Feb.

2022

Oct.

2021 to

Nov.

2021

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Live animals; animal products................. I 2.359 277.3 282.3 27.8 0.4 -0.5 0.3 1.8

Meat & edible meat offal (Dec. 2006=100)... 02 1.504 226.5 231.7 31.4 0.9 -1.6 -0.4 2.3

Vegetable products............................... II 6.145 274.8 286.6 16.6 1.6 1.2 5.0 4.3

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 1.007 148.1 143.6 2.7 1.4 0.6 -1.3 -3.0

Cereals............................................ 10 1.867 308.8 315.3 21.9 4.3 1.2 1.9 2.1

Oilseeds and misc. grains, seeds, fruits,

plants, straw and fodder..................... 12 2.702 288.2 314.8 15.0 -0.3 1.7 9.6 9.2

Prepared foodstuffs, beverages, and

tobacco........................................... IV 2.983 175.5 176.4 7.4 0.4 -0.2 2.5 0.5

Miscellaneous edible preparations (Dec.

2017=100)..................................... 21 0.591 105.0 105.4 4.6 -0.2 0.1 1.5 0.4

Beverages, spirits, and vinegar (Dec.

2008=100)..................................... 22 0.484 109.9 109.9 -0.1 -0.1 -0.2 -0.1 0.0

Residues and waste from the food

industries; prepared animal feed............ 23 0.905 306.5 310.6 12.8 1.7 -0.2 5.4 1.3

Mineral products.................................. V 18.692 309.1 344.4 65.7 1.9 -10.2 10.5 11.4

Ores, slag and ash (Dec. 2012=100)......... 26 0.607 144.6 146.2 29.0 7.7 -1.7 0.8 1.1

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 17.914 296.4 331.6 67.6 1.7 -10.7 10.9 11.9

Products of the chemical or allied

industries........................................ VI 11.734 160.7 161.6 14.1 1.3 0.4 1.3 0.6

Organic chemicals............................... 29 2.739 186.3 190.9 19.6 1.5 -0.2 -0.2 2.5

Pharmaceutical products....................... 30 3.283 108.8 108.1 -0.4 0.3 -0.1 0.3 -0.6

Essential oils and resinoids; perfumery

cosmetic or toilet preparations.............. 33 0.819 140.2 139.9 7.7 0.5 0.2 2.0 -0.2

Soap; lubricants; waxes, polishing or

scouring products; candles, pastes......... 34 0.440 131.2 131.3 4.5 3.8 -0.3 0.1 0.1

Miscellaneous chemical products............. 38 2.290 189.7 189.6 22.0 0.7 -0.5 2.8 -0.1

Plastics and articles thereof; rubber and

articles thereof.................................. VII 5.351 173.8 172.8 13.0 -1.6 0.9 -1.0 -0.6

Plastics and articles thereof.................... 39 4.613 174.4 173.3 13.9 -1.9 1.1 -1.2 -0.6

Rubber and articles thereof.................... 40 0.738 164.8 164.3 7.9 0.1 0.1 0.0 -0.3

Wood, wood charcoal, cork, straw, baskets

and wickerwork (Dec. 2014=100)............ IX 0.624 132.0 133.7 18.5 0.1 0.4 0.9 1.3

Woodpulp, recovered paper, and paper

products......................................... X 1.815 145.6 149.3 16.7 -1.8 -0.1 1.0 2.5

Woodpulp and recovered paper (Dec.

2019=100)..................................... 47 0.665 165.2 173.1 30.4 -5.7 -0.6 -0.7 4.8

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 0.937 138.6 140.7 11.8 0.8 0.1 2.6 1.5

Textile and textile articles....................... XI 1.699 146.2 150.0 20.3 3.0 1.6 2.8 2.6

Cotton, including yarns and woven fabrics

thereof.......................................... 52 0.682 182.3 191.7 42.8 8.5 2.8 4.6 5.2

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.638 132.6 139.4 3.5 -0.5 -0.5 1.3 5.1

Glass and glassware (Dec. 2019=100)....... 70 0.375 98.9 103.0 3.9 0.2 -0.1 0.0 4.1

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 3.925 310.5 325.6 5.3 1.0 0.4 0.1 4.9

Base metals and articles of base metals. . .. XV 4.805 216.8 221.0 21.0 3.3 -1.3 3.7 1.9

Iron and steel (Dec. 2020=100)............... 72 1.395 176.7 181.7 41.7 6.1 0.4 4.6 2.8

See footnotes at end of table.

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

February 2022 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Jan.

20221

Index Percent change

Jan.

2022

Feb.

2022

Annual Monthly

Feb.

2021 to

Feb.

2022

Oct.

2021 to

Nov.

2021

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Copper and articles thereof.................... 74 0.605 281.7 283.9 25.5 1.4 -1.5 4.8 0.8

Aluminum and articles thereof................. 76 0.842 152.6 158.5 23.0 7.7 -8.5 2.8 3.9

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 23.866 101.8 102.2 4.0 0.3 0.2 0.9 0.4

Machinery and mechanical appliances;

parts thereof................................... 84 13.753 121.6 122.2 4.6 0.3 0.2 1.0 0.5

Electrical machinery and equipment and

parts and accessories thereof............... 85 10.113 80.6 80.8 2.9 0.3 0.1 0.8 0.2

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 8.357 143.7 144.0 3.4 0.2 0.2 0.6 0.2

Motor vehicles and their parts................. 87 6.275 120.8 121.0 3.2 0.3 0.1 0.6 0.2

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 5.243 112.1 112.5 1.9 0.0 0.2 0.3 0.4

Miscellaneous manufactured articles......... XX 1.083 123.9 123.9 6.4 0.9 0.3 2.0 0.0

Furniture; stuffed furnishings; lamps and

lighting fittings nesoi;......................... 94 0.576 143.3 143.3 4.4 1.3 0.8 0.8 0.0

Toys, games and sports equipment; parts

and accessories thereof...................... 95 0.362 98.9 98.9 11.1 0.4 0.0 4.8 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: February 2021 to February 2022

[2000=100, unless otherwise noted]

Description

Relative

importance

Jan.

20221

Index Percent change

Jan.

2022

Feb.

2022

Annual Monthly

Feb.

2021 to

Feb.

2022

Oct.

2021 to

Nov.

2021

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Industrialized Countries2

.................... 100.000 145.0 147.5 11.2 1.0 -1.1 2.7 1.7

Nonmanufacturing........................... 12.350 267.3 279.6 48.5 3.6 -10.6 8.4 4.6

Manufacturing................................ 86.740 134.9 136.7 7.4 0.6 0.2 2.0 1.3

Canada.......................................... 100.000 183.7 188.6 24.8 2.0 -3.0 5.9 2.7

Nonmanufacturing........................... 32.688 265.5 277.7 50.0 3.8 -11.2 8.8 4.6

Manufacturing................................ 66.089 165.0 167.9 16.1 1.0 0.6 4.9 1.8

European Union............................... 100.000 147.9 149.7 5.2 0.2 0.1 0.7 1.2

Manufacturing................................ 98.650 143.2 145.0 5.0 0.2 0.0 0.6 1.3

France (Dec. 2003=100)...................... 100.000 138.0 139.3 4.7 0.6 -0.2 0.4 0.9

Germany (Dec. 2003=100)................... 100.000 122.2 123.1 5.4 0.5 0.1 2.6 0.7

United Kingdom (Dec. 2003=100).......... 100.000 133.2 134.3 5.6 0.7 0.4 1.7 0.8

Latin America3

................................. 100.000 165.6 166.8 12.0 0.6 -0.4 2.3 0.7

Nonmanufacturing........................... 16.447 326.3 335.8 35.0 0.2 -4.4 8.1 2.9

Manufacturing................................ 83.276 132.9 133.3 8.5 0.7 0.2 1.2 0.3

Mexico (Dec. 2003=100)...................... 100.000 138.7 139.6 8.0 0.4 -0.7 2.2 0.6

Nonmanufacturing (Dec. 2008=100). . . . .. 10.431 166.4 173.5 31.4 -1.2 -8.8 13.7 4.3

Manufacturing (Dec. 2008=100)........... 89.298 94.4 94.6 5.9 0.6 0.0 1.1 0.2

Pacific Rim (Dec. 2003=100)4............... 100.000 103.6 103.9 4.9 0.3 0.4 0.7 0.3

China (Dec. 2003=100)....................... 100.000 103.9 104.0 4.6 0.2 0.7 0.5 0.1

Japan............................................ 100.000 99.2 99.3 1.7 0.1 0.0 0.2 0.1

Taiwan (Dec. 2018=100)...................... 100.000 108.5 109.1 9.6 0.7 0.4 1.4 0.6

Asian NICs5

..................................... 100.000 96.0 96.9 10.0 0.9 -0.3 1.5 0.9

ASEAN (Dec. 2003=100)6

.................... 100.000 102.1 102.6 3.7 0.4 0.2 0.3 0.5

Asia Near East (Dec. 2003=100)7

........... 100.000 219.1 227.6 30.7 -1.0 -1.4 3.9 3.9

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: February 2021 to February

2022

[December 2017=100, unless otherwise noted]

Description

Relative

importance

Jan.

20221

Index Percent change

Jan.

2022

Feb.

2022

Annual Monthly

Feb.

2021 to

Feb.

2022

Oct.

2021 to

Nov.

2021

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Industrialized Countries2

.................... 100.000 117.4 119.9 12.4 0.7 -1.0 2.6 2.1

Nonmanufacturing........................... 15.359 147.1 159.7 40.5 1.6 -5.8 8.6 8.6

Manufacturing................................ 82.940 113.8 114.9 8.6 0.5 -0.3 1.5 1.0

Canada.......................................... 100.000 123.4 126.5 15.7 0.4 -1.2 3.8 2.5

Nonmanufacturing (Dec. 2020=100). . . . .. 11.597 150.2 165.1 38.0 -0.2 -6.8 9.3 9.9

Manufacturing (Dec. 2020=100)........... 86.944 114.2 115.9 13.4 0.5 -0.5 3.2 1.5

European Union............................... 100.000 116.1 117.0 8.6 0.2 -0.9 3.1 0.8

Nonmanufacturing........................... 19.160 144.5 154.2 41.9 0.1 -3.9 8.5 6.7

Manufacturing................................ 79.108 110.9 110.3 3.5 0.2 -0.3 1.7 -0.5

Germany........................................ 100.000 109.6 110.3 1.7 -0.1 0.0 2.1 0.6

Latin America3

................................. 100.000 126.0 131.7 24.8 0.6 -2.8 4.4 4.5

Nonmanufacturing........................... 12.191 185.1 206.5 48.6 3.1 -6.9 6.3 11.6

Manufacturing................................ 87.305 121.2 125.4 21.9 0.3 -2.4 4.2 3.5

Mexico........................................... 100.000 125.5 130.6 24.4 0.3 -2.7 3.1 4.1

Nonmanufacturing........................... 9.651 159.2 193.4 45.7 -1.9 -12.1 1.2 21.5

Manufacturing................................ 89.936 123.3 126.0 22.2 0.5 -1.7 3.4 2.2

Pacific Rim4.................................... 100.000 115.8 118.3 13.5 1.2 -1.0 1.6 2.2

Nonmanufacturing........................... 25.809 139.8 148.5 39.0 5.2 -2.3 3.4 6.2

Manufacturing................................ 71.863 109.9 110.6 7.4 0.5 -0.6 0.8 0.6

China............................................ 100.000 113.4 116.5 14.2 1.1 -1.2 2.6 2.7

Nonmanufacturing........................... 33.467 123.7 134.0 26.5 4.1 -0.9 5.8 8.3

Manufacturing................................ 64.849 111.3 111.0 8.1 0.5 -1.1 1.0 -0.3

Japan............................................ 100.000 117.8 121.7 14.9 1.1 -1.6 4.0 3.3

Nonmanufacturing........................... 29.890 147.8 158.7 40.1 3.3 -3.5 10.8 7.4

Manufacturing................................ 68.664 108.3 109.7 7.2 0.5 -0.9 1.2 1.3

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: February 2021 to February 20221

[December 2017=100, unless otherwise noted]

Description

Index Percent change

Jan.

2022

Feb.

2022

Annual Monthly

Feb.

2021 to

Feb.

2022

Oct.

2021 to

Nov.

2021

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Industrialized Countries2

............................ 99.1 99.5 1.1 -0.2 0.0 -0.1 0.4

Canada.................................................. 88.3 88.1 -7.3 -1.4 1.8 -1.9 -0.2

European Union...................................... 105.7 105.2 3.2 -0.1 -1.0 2.4 -0.5

Germany................................................ 103.2 103.1 -3.6 -0.6 -0.1 -0.5 -0.1

Latin America3

........................................ 113.3 117.6 11.5 -0.1 -2.4 2.1 3.8

Mexico.................................................. 116.7 120.7 15.2 -0.1 -2.0 0.9 3.4

Pacific Rim4............................................ 110.0 112.0 8.1 0.9 -1.4 0.9 1.8

China.................................................... 109.3 112.1 9.2 0.9 -1.8 2.1 2.6

Japan.................................................... 113.4 117.0 12.9 1.0 -1.5 3.8 3.2

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

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

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

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

Countries.

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

Regions are not mutually exclusive.

Dash = Not available

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

2021 to February 2022

[2000=100, unless otherwise noted]

Description

Relative

importance

Jan.

20221

Index Percent change

Jan.

2022

Feb.

2022

Annual Monthly

Feb.

2021 to

Feb.

2022

Oct.

2021 to

Nov.

2021

Nov.

2021 to

Dec.

2021

Dec.

2021 to

Jan.

2022

Jan.

2022 to

Feb.

2022

Air Freight

Import Air Freight.................................... 100.000 384.0 353.9 13.2 13.9 -11.5 6.3 -7.8

Europe (Dec. 2003=100).......................... 22.956 290.6 293.1 15.8 17.0 5.4 -8.2 0.9

Asia.................................................. 77.044 393.3 352.3 8.3 12.9 -17.0 11.6 -10.4

Export Air Freight................................... 100.000 185.8 192.9 13.9 0.0 4.7 1.7 3.8

Europe (Dec. 2006=100).......................... 28.637 155.4 154.8 2.4 -1.6 7.1 -1.7 -0.4

Asia (Dec. 2011=100).............................. 48.665 141.5 151.5 24.1 0.8 7.4 0.7 7.1

Inbound Air Freight................................. 100.000 294.9 274.3 14.7 7.9 -4.1 6.5 -7.0

Europe (Dec. 2003=100).......................... 23.346 201.5 204.0 14.6 13.8 3.4 -3.8 1.2

Asia.................................................. 76.654 310.4 280.9 13.7 7.3 -6.4 10.1 -9.5

Outbound Air Freight............................... 100.000 223.0 197.0 20.6 31.6 5.6 5.4 -11.7

Europe (Dec. 2003=100).......................... 23.720 169.0 165.5 -3.8 -2.9 10.1 -6.2 -2.1

Asia.................................................. 60.410 277.4 225.4 37.9 70.8 5.6 9.6 -18.7

Air Passenger Fares

Import Air Passenger Fares....................... 100.000 140.8 149.4 -1.3 0.2 5.1 -19.4 6.1

Europe............................................... 39.568 161.3 165.8 18.0 1.4 -6.0 -6.4 2.8

Asia.................................................. 18.167 131.2 156.6 -13.9 -4.0 12.4 -23.2 19.4

Latin America/Caribbean.......................... 11.727 106.0 109.8 10.4 5.7 33.1 -34.2 3.6

Export Air Passenger Fares....................... 100.000 184.7 164.1 1.0 0.9 2.3 7.7 -11.2

Europe............................................... 24.822 204.9 193.0 -2.1 0.7 1.1 -0.2 -5.8

Asia.................................................. 24.506 208.4 212.9 12.8 -0.5 3.9 10.7 2.2

Latin America/Caribbean.......................... 32.565 182.2 134.6 4.6 -0.1 6.7 18.6 -26.1

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.