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                   U.S. IMPORT AND EXPORT PRICE INDEXES
                            - DECEMBER 2007 -

     The U.S. Import Price Index was unchanged in December, the Bureau 
of Labor Statistics of the U.S. Department of Labor reported today.  A 0.3 
percent increase in nonpetroleum prices was offset by a 0.6 percent decline in 
the price index for petroleum.  U.S. export prices advanced 0.4 percent in 
December following a 0.9 percent rise in November.

     -Due to budget constraints, beginning with the January 2008 release 
     scheduled to be published on February 15, the price series for export 
     postsecondary education services, export travel and tourism services, 
     inbound ocean liner freight, and inbound tanker freight will no longer 
     be published.
        
         
              Percent changes in import and export price indexes
                            by End Use category
                         -not seasonally adjusted-

                           IMPORTS                       EXPORTS

 Month                                  Non-               Agri-     Nonagri-
                    All    Petroleum petroleum    All     cultural   cultural
                  Imports   Imports   Imports   Exports   Exports    Exports

2006
December            1.1       4.0       0.5       0.6       2.4        0.5

2007
January            -1.2      -6.6      -0.1       0.4       0.6        0.5
February            0.4       1.7       0.0       0.8       2.8        0.6
March               1.6       8.5       0.3       0.7       2.1        0.6
April               1.4       6.8       0.3       0.4      -1.4        0.5
May                 0.9       2.7       0.6       0.3      -0.1        0.4
June                1.2       4.8       0.3       0.4       2.7        0.2
July                1.2       6.0       0.1       0.1       1.6       -0.1
August             -0.3      -1.5       0.0       0.2       1.0        0.1
September           0.6       3.1 r    -0.1       0.3       4.2        0.0
October             1.4       5.0 r     0.6 r     0.8       3.8        0.5
November            3.3 r    12.7 r     0.7       0.9       1.4        0.9 r
December            0.0      -0.6       0.3       0.4       2.7        0.3

December 2005-06    2.5       5.3       1.9       4.5      13.5        3.7
December 2006-07   10.9      50.1       2.9       6.0      23.5        4.5

r = revised to reflect late reports and corrections by respondents.


Import Goods
        
     Prior to recording no change in December, the price index for overall 
imports rose in each of the past three months including a 3.3 percent jump in 
November.  Import prices rose 10.9 percent over 2007, the sixth consecutive 
year the index increased and the largest calendar-year advance since the index 
was first published in September 1982.  The 2007 increase was driven by a 
sharp rise in petroleum prices and paralleled a drop in the value of the dollar.
        
     Petroleum prices decreased 0.6 percent in December, recording the first 
monthly decline since August.  Despite the December drop, petroleum prices 
led the overall increase in import prices over the past year, rising 50.1 percent 
over that period.  The increase was the largest yearly advance since a 56.9 
percent rise in 2002.     
        
     Nonpetroleum prices advanced 0.3 percent in December following 
increases of 0.7 percent in November and 0.6 percent in October.  Prices for 
nonpetroleum imports rose 2.9 percent for the year after increasing 1.9 percent 
in 2006.  The index rose for the sixth consecutive year and the 2007 increase 
was the largest since a 3.7 percent advance in 2004.
        
     The December increase in nonpetroleum prices was primarily led by a 
0.7 percent increase in the price index for nonpetroleum industrial supplies and 
materials.  That increase followed advances of 2.6 percent in November and 
1.5 percent in October and was driven by higher prices for chemicals and 
natural gas.  Nonpetroleum industrial supplies and materials prices rose 6.9 
percent over the past year.  

     The price indexes for consumer goods, automotive vehicles, and foods, 
feeds, and beverages all increased in December as well.  Consumer goods 
prices and prices for automotive vehicles each rose 0.2 percent for the month 
and 1.6 percent over the past year.  Prices for foods, feeds, and beverages 
advanced 0.6 percent in December and 9.3 percent over 2007.    
        
     Capital goods prices were unchanged in December as a decline in 
computer prices offset a 0.3 percent increase in prices of capital goods 
excluding computers.  Overall, capital goods prices rose 0.8 percent over the 
past 12 months.


Export Goods 

     Higher prices for both agricultural exports and nonagricultural exports 
each contributed to the 0.4 percent increase in export prices.  Overall, export 
prices rose 6.0 percent over 2007 compared to smaller increases of 2.8 percent 
over 2005 and 4.5 percent over 2006.  The 2007 advance was the sixth 
consecutive annual rise and the largest calendar-year increase since a 6.2 
percent advance in 1988.  
        
     Higher agricultural prices continued to factor into the overall increase 
in export prices, rising 2.7 percent in December after increases of 1.4 percent, 
3.8 percent, and 4.2 percent, respectively in November, October, and 
September.  The December advance was led by a 14.7 percent jump in wheat 
prices, although higher prices for soybeans and corn also contributed to the 
increase.  The price index for agricultural exports rose 23.5 percent over 2007 
after a 13.5 percent advance the previous year.  The 2007 increase was the 
largest calendar-year advance since the index was first published in March 
1985.     
  
     Nonagricultural prices also increased in December, rising 0.3 percent 
following a 0.9 percent advance in November.  The index rose 4.5 percent over 
2007 after a 3.7 percent increase over 2006.  A 0.3 percent increase in the price 
index for nonagricultural industrial supplies and materials was the main 
contributor to the December advance.  Higher prices for chemicals and gold 
more than offset lower fuel prices.  Nonagricultural industrial supplies and 
materials prices rose 10.5 percent over the past 12 months.   
        
     Prices for each of the major finished goods areas also increased in 
December.  Capital goods prices and prices for automotive vehicles each 
advanced 0.2 percent for the month.  For the December 2006-2007 period, 
capital goods prices rose 1.7 percent while the price index for automotive 
vehicles increased 1.1 percent.  Consumer goods prices ticked up 0.1 percent 
for the month and 2.9 percent for the year ended in December. 


                Summary of December-to-December Percent Changes

                            1998  1999  2000  2001  2002  2003  2004  2005  2006  2007
All Commodity Imports       -6.4   7.0   3.2  -9.1   4.2   2.4   6.7   8.0   2.5  10.9
   Excluding Petroleum      -3.3   0.0   1.3  -4.5   0.3   1.2   3.7   2.4   1.9   2.9
   Petroleum               -40.8 137.2  17.6 -39.5  56.9  12.8  30.3  42.4   5.3  50.1
All Commodity Exports       -3.4   0.5   1.1  -2.5   1.0   2.2   4.0   2.8   4.5   6.0
   Excluding Agricultural   -2.7   1.2   0.9  -2.5   0.4   1.3   5.0   2.6   3.7   4.5
   Agricultural             -9.3  -6.8   3.1  -1.8   8.0  13.4  -5.9   4.9  13.5  23.5


Imports by Locality of Origin 
   
     The price indexes of imports from China and from Japan increased in December, 
advancing 0.1 percent and 0.3 percent, respectively.  After declining 1.2 percent in 2006, the 
price index of imports from China rose 2.4 percent in 2007.  Similarly, the price index of 
imports from Japan edged up 0.1 percent over 2007 after falling 1.2 percent over 2006.  The 
annual increase in prices from China is the largest 12-month rise since the index was first 
published in December 2003.  Import prices from Japan posted a calendar-year increase for the 
first time since 2004.
         
     Import prices from Canada and the European Union also increased in December, each 
rising 0.6 percent for the month after advancing 5.9 percent and 0.6 percent, respectively in 
November.  The recent increases continued upward trends over the past year, as prices of 
imports from Canada rose 12.8 percent for the December 2006-2007 period, while import 
prices from the European Union increased 3.7 percent.  Each was impacted over the year both 
by higher fuel prices as well as a drop in the value of the dollar.  
         
     Prices of imports from Mexico rose 0.7 percent in December and 15.9 percent in 
2007.  Rising petroleum prices were the largest factor for the increase in import prices from 
Mexico over the past year.
         
         
Import and Export Services

     Import air passenger fares rose 5.5 percent in December after declining in each of the three 
previous months.  In December the increase was led by a 16.0 percent jump in Asian fares.  
Overall, in 2007, import air passenger fares increased 8.0 percent.  Export air passenger fares 
also reversed a recent downturn in December, rising 2.6 percent.  The index rose 13.4 percent 
over the past year.  
   
     Prices for import air freight increased 2.7 percent in December following a 2.3 
percent advance the previous month.  Higher air freight prices from both Europe and Asia, up 
3.9 percent and 2.4 percent, respectively, contributed to the increase.  Overall import air freight 
prices rose 8.4 percent for the year ended in December.  The price index for export air freight 
rose 1.2 percent in December and 5.1 percent over the past 12 months.  
         
     The price index for export travel and tourism, which is lagged one month, decreased 
1.5 percent in November after a 1.1 percent advance in October.


              CONTENTS OF RELEASE

This news release includes the following tables:

Table 1    U.S. Import Price Indexes, by End Use
Table 2    U.S. Export Price Indexes, by End Use
Table 3    U.S. Import Price Indexes, by NAICS
Table 4    U.S. Export Price Indexes, by NAICS
Table 5    U.S. Import Price Indexes, by Harmonized System
Table 6    U.S. Export Price Indexes, by Harmonized System
Table 7    U.S. Import Price Indexes, by Locality of Origin
Table 8    U.S. International Price Indexes for Selected Transportation Services
Table 9    U.S. Export Price Indexes for Travel and Tourism Services
Table 10   U.S. Export Price Indexes for Postsecondary Education Services       
-------------------------------------------------------------------
Import and Export Price Index data for January 2008 are scheduled for release on February 15, 
2008 at 8:30 A.M. (E.S.T.).  


Table  1     U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
                  December 2006-December 2007          2000=100, unless otherwise noted
                                                                                    Index                     Percent Change
                                                                   Relative
                                                                    Import-                      Annual         Monthly
                                                                     ance                         Dec.    Aug.   Sept.    Oct.    Nov.
 END                            Description                                                       2006    2007    2007    2007    2007
 USE                                                               November  November  December    to      to      to      to      to
                                                                     2007      2007      2007     Dec.   Sept.    Oct.    Nov.    Dec.
                                                                      1/                          2007    2007    2007    2007    2007

         ALL COMMODITIES.......................................... 100.000    127.6      127.6    10.9     0.6     1.4     3.3     0.0
         ALL IMPORTS EXCLUDING PETROLEUM..........................  76.921    108.5      108.8     2.9    -0.1     0.6     0.7     0.3
         ALL IMPORTS EXCLUDING FUELS
                (Dec. 2001=100)...................................  74.589    111.0      111.3     3.0     0.0     0.4     0.5     0.3

0          FOODS, FEEDS, & BEVERAGES..............................   4.254    133.2      134.0     9.3     1.3     1.1    -0.1     0.6

00               Agricultural foods, feeds & beverages,
                        excluding distilled beverages.............   3.274    146.8      147.6    10.4     1.6     1.5     0.1     0.5

01               Nonagricultural foods (fish, distilled beverages)   0.980    102.7      103.2     5.4     0.3    -0.2    -0.6     0.5

1          INDUSTRIAL SUPPLIES & MATERIALS........................  40.233    213.3      213.1    27.9     1.2     3.4     8.2    -0.1
              INDUSTRIAL SUPPLIES & MATERIALS
                    EXCLUDING PETROLEUM...........................  17.155    146.8      147.8     6.9    -1.1     1.5     2.6     0.7
              INDUSTRIAL SUPPLIES & MATERIALS
                    EXCLUDING FUELS (Dec. 2001=100)...............  14.823    154.8      155.5     7.5    -0.7     1.2     1.2     0.5
              INDUSTRIAL SUPPLIES & MATERIALS,
                    DURABLE.......................................   9.558    148.5      148.3     6.5    -1.4     0.5     1.0    -0.1
              INDUSTRIAL SUPPLIES & MATERIALS,
                    NONDURABLE EXCLUDING PETROLEUM................   5.265    143.8      146.3     7.3    -0.6     2.9     4.6     1.7

10               Fuels & lubricants...............................  25.411    295.4      294.2    44.0     2.5     4.9    12.6    -0.4
100                  Petroleum & petroleum products...............  23.079    312.9      310.9    50.1     3.1     5.0    12.7    -0.6
10000                        Crude................................  16.387    318.2      320.0    53.5     2.9     4.9    12.0     0.6

101                  Fuels, n.e.s.-coals & gas....................   1.933    181.1      185.6    -1.3    -2.2    10.2    14.5     2.5

10110                        Gas-natural..........................   1.762    175.8      180.7    -2.7    -2.8    11.1    16.0     2.8

11               Paper & paper base stocks........................   0.789    112.6      113.9     1.0     0.5     0.5     0.7     1.2

12               Materials associated with nondurable
                        supplies & materials......................   4.553    133.9      136.1    10.7     0.7     2.7     1.7     1.6

13               Selected building materials......................   1.817    115.5      115.9     4.8     0.3    -1.0    -0.2     0.3

14               Unfinished metals related to durable goods.......   4.473    214.8      214.7     9.6    -2.9     0.9     1.8     0.0

15               Finished metals related to durable goods.........   1.681    137.2      134.5     4.3    -1.0     1.1     0.7    -2.0

16               Nonmetals related to durable goods...............   1.510    103.4      104.2     2.5     0.3     0.5     0.4     0.8

2          CAPITAL GOODS..........................................  20.345     92.2       92.2     0.8     0.1     0.1     0.2     0.0

20               Electric generating equipment....................   2.507    107.0      107.3     4.2     0.1     0.1     0.4     0.3

21               Nonelectrical machinery..........................  16.247     87.9       87.9     0.0     0.1     0.0     0.2     0.0

22               Transportation equipment excluding
                        motor vehicles (Dec. 2001=100)............   1.591    114.6      114.7     5.1     0.0     1.0     0.1     0.1

3          AUTOMOTIVE VEHICLES, PARTS & ENGINES...................  13.021    105.8      106.0     1.6     0.2     0.3     0.3     0.2

4          CONSUMER GOODS, EXCLUDING
                  AUTOMOTIVES.....................................  22.146    102.4      102.6     1.6     0.1     0.0     0.3     0.2

40               Nondurables, manufactured........................  10.232    105.2      105.5     2.0     0.1     0.1     0.1     0.3

41               Durables, manufactured...........................  10.817     99.2       99.3     1.1     0.0     0.1     0.3     0.1

42               Nonmanufactured consumer goods...................   1.097    103.3      103.4     1.6     0.0    -0.1     0.0     0.1


     1   Relative importance figures are based on 2005 trade values.

     NOTES:  Data may be revised in each of the three months after original publication.
             n.a.  Not available


Table  2     U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
                  December 2006-December 2007          2000=100, unless otherwise noted
                                                                                       Index                     Percent Change
                                                                      Relative
                                                                       Import-                      Annual         Monthly
                                                                        ance                         Dec.    Aug.   Sept.    Oct.    Nov.
 END                             Description                                                         2006    2007    2007    2007    2007
 USE                                                                  November  November  December    to      to      to      to      to
                                                                        2007      2007      2007     Dec.   Sept.    Oct.    Nov.    Dec.
                                                                         1/                          2007    2007    2007    2007    2007

         ALL COMMODITIES............................................. 100.000    118.7      119.2     6.0     0.3     0.8     0.9     0.4
         AGRICULTURAL COMMODITIES....................................   9.258    165.0      169.5    23.5     4.2     3.8     1.4     2.7
         NONAGRICULTURAL COMMODITIES.................................  90.741    115.4      115.7     4.5     0.0     0.5     0.9     0.3

0          FOODS, FEEDS, & BEVERAGES.................................   8.414    165.8      170.8    23.1     4.2     4.0     1.0     3.0

00               Agricultural foods, feeds & beverages,
                        excluding distilled beverages................   7.724    169.7      175.2    24.7     4.6     4.2     1.3     3.2

01               Nonagricultural foods (fish, distilled beverages)...   0.690    133.0      133.9     8.4     0.6     0.9    -0.9     0.7

1          INDUSTRIAL SUPPLIES & MATERIALS...........................  30.484    154.0      154.5    10.8     0.0     1.1     2.3     0.3
              INDUSTRIAL SUPPLIES & MATERIALS,
                    DURABLE..........................................  11.573    159.5      160.2     6.7    -0.6     1.5     1.1     0.4
              INDUSTRIAL SUPPLIES & MATERIALS,
                    NONDURABLE.......................................  18.911    151.5      151.9    13.4     0.4     0.9     3.2     0.3

10               Agricultural industrial supplies & materials........   1.534    145.3      145.6    17.5     1.9     1.9     1.9     0.2

           NONAGRICULTURAL INDUSTRIAL SUPPLIES
                        & MATERIALS..................................  28.950    154.8      155.2    10.5    -0.1     1.1     2.4     0.3

11               Fuels & lubricants..................................   4.896    224.7      222.7    21.4     1.8     1.8     9.9    -0.9

12               Nonagricultural supplies & materials
                        excluding fuels & building materials.........  22.968    148.1      148.9     8.8    -0.5     1.0     1.1     0.5

13               Selected building materials.........................   1.086    113.7      113.5     1.8     0.4    -0.1    -0.5    -0.2

2          CAPITAL GOODS.............................................  38.562    100.3      100.5     1.7     0.1     0.2     0.2     0.2

20               Electrical generating equipment.....................   3.613    107.2      107.4     1.1     0.0     0.4     0.1     0.2

21               Nonelectrical machinery.............................  27.872     93.3       93.5     1.0     0.0     0.1     0.1     0.2

22               Transportation equipment excluding
                        motor vehicles (Dec. 2001=100)...............   7.077    124.5      124.9     4.9     0.2     0.5     0.4     0.3

3          AUTOMOTIVE VEHICLES, PARTS & ENGINES......................  10.260    106.5      106.7     1.1     0.1     0.2     0.0     0.2

4          CONSUMER GOODS, EXCLUDING
                  AUTOMOTIVES........................................  12.279    106.9      107.0     2.9    -0.1     0.3     0.4     0.1

40               Nondurables, manufactured...........................   5.872    108.2      108.4     4.2    -0.2     0.5     0.7     0.2

41               Durables, manufactured..............................   5.351    104.4      104.5     1.7     0.0     0.2     0.0     0.1


     1   Relative importance figures are based on 2005 trade values.

     NOTES:  Data may be revised in each of the three months after original publication.
             n.a.  Not available


Table  3     U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
                  December 2006-December 2007          December  2005=100, unless otherwise noted
                                                                                         Index                     Percent Change
                                                                        Relative
                                                                         Import-                      Annual         Monthly
                                                                          ance                         Dec.    Aug.   Sept.    Oct.    Nov.
NAICS                             Description                                                          2006    2007    2007    2007    2007
                                                                        November  November  December    to      to      to      to      to
                                                                          2007      2007      2007     Dec.   Sept.    Oct.    Nov.    Dec.
                                                                           1/                          2007    2007    2007    2007    2007

         Nonmanufactured articles......................................  20.828    142.7      143.7    41.9     2.3     5.1    11.4     0.7

11               AGRICULTURE AND LIVESTOCK PRODUCTS....................   1.488    118.8      118.1    10.0     1.0     1.5     0.1    -0.6
111                  Agricultural products.............................   1.068    123.0      122.3    13.6     2.0     1.8     1.0    -0.6

21               OIL, GAS, MINERALS AND ORES...........................  19.340    145.0      146.1    44.9     2.3     5.5    12.3     0.8
212                  Minerals and ores (Dec. 2006=100).................   0.384    105.2      109.3     9.3     0.9     0.7     1.0     3.9

         Manufactured articles.........................................  78.620    108.2      108.2     4.9     0.1     0.6     1.3     0.0

31               MANUFACTURED GOODS, PART 1............................   9.847    105.8      106.2     4.6     0.6     0.5     0.2     0.4
311                  Food and kindred products.........................   2.405    116.2      117.5    12.9     1.1     1.3     0.3     1.1
312                  Beverages and tobacco products....................   0.760    103.8      104.1     1.9     0.0     0.2     0.4     0.3
313                  Textiles and fabrics..............................   0.476    108.2      107.9     3.8    -0.2     0.9     0.0    -0.3
314                  Textile mill products.............................   0.724    100.4      100.5     0.0    -0.9     0.1     0.2     0.1
315                  Apparel and accessories...........................   4.079    102.2      102.5     2.6     0.7     0.1     0.0     0.3
316                  Leather and allied products.......................   1.402    103.1      103.2     2.1     0.6     0.3     0.2     0.1

32               MANUFACTURED GOODS, PART 2............................  18.176    117.5      116.9    14.2     1.0     1.4     4.4    -0.5
321                  Wood products.....................................   1.151     92.9       93.2     3.7     0.0    -2.1    -0.4     0.3
322                  Paper.............................................   1.283    105.3      106.2     0.9     0.1     0.5     0.8     0.9
324                  Petroleum and coal products.......................   5.302    142.9      136.6    39.0     3.9     5.0    14.0    -4.4
325                  Chemicals.........................................   7.666    114.3      116.0     9.4    -0.3     0.3     1.3     1.5
326                  Plastics and rubber products......................   1.604    105.4      105.8     2.2     0.2     0.7     0.3     0.4
327                  Nonmetallic mineral products......................   1.067    109.0      109.6     6.0     0.0     1.0     0.5     0.6

33               MANUFACTURED GOODS, PART 3............................  50.598    105.7      105.8     2.0    -0.3     0.3     0.5     0.1
331                  Primary metals....................................   5.300    149.0      148.4     9.1    -2.9     1.0     2.2    -0.4
332                  Fabricated metal products, nesoi..................   2.443    111.0      111.5     5.7     0.0     0.6     0.6     0.5
333                  Machinery, except electrical......................   6.356    107.0      107.5     4.3     0.1     0.4     0.3     0.5
334                  Computer and electronic products..................  13.208     94.7       94.6    -2.9     0.0    -0.3     0.1    -0.1
335                  Electrical equipment, appliances, and components..   3.486    108.0      108.1     4.1     0.1     0.4     0.2     0.1
336                  Transportation equipment..........................  13.763    102.6      102.8     2.1     0.2     0.5     0.2     0.2
337                  Furniture and fixtures............................   1.387    102.3      102.4     1.7     0.2     0.3     0.2     0.1
339                  Miscellaneous manufactured commodities............   4.655    108.1      108.3     2.8     0.0     0.3     0.6     0.2


     1   Relative importance figures are based on 2005 trade values.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  4     U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
                  December 2006-December 2007          December  2005=100, unless otherwise noted
                                                                                         Index                     Percent Change
                                                                        Relative
                                                                         Import-                      Annual         Monthly
                                                                          ance                         Dec.    Aug.   Sept.    Oct.    Nov.
NAICS                             Description                                                          2006    2007    2007    2007    2007
                                                                        November  November  December    to      to      to      to      to
                                                                          2007      2007      2007     Dec.   Sept.    Oct.    Nov.    Dec.
                                                                           1/                          2007    2007    2007    2007    2007

         Nonmanufactured articles......................................   6.955    134.6      140.1    23.5     5.5     7.1     0.7     4.1

11               AGRICULTURE AND LIVESTOCK PRODUCTS....................   5.363    150.6      157.3    32.7     7.5     7.3     0.9     4.4
111                  Agricultural products.............................   4.968    155.7      163.2    36.0     8.1     7.9     1.2     4.8

21               OIL, GAS, MINERALS AND ORES...........................   1.592     99.2      101.8    -0.4    -0.7     6.4     0.5     2.6
211                  Oil and gas.......................................   0.546     97.9      108.5     4.6     1.6    13.7     2.3    10.8
212                  Minerals and ores.................................   1.046    100.1       98.4    -3.1    -1.7     3.0    -0.3    -1.7

         Manufactured articles.........................................  90.110    107.5      107.8     4.9     0.0     0.4     0.8     0.3

31               MANUFACTURED GOODS, PART 1............................   6.835    113.6      114.4    10.4     0.4     0.4     1.1     0.7
311                  Food and kindred products.........................   4.322    123.0      124.4    16.7     0.7     0.5     1.7     1.1
312                  Beverages and tobacco products....................   0.486    104.7      105.0     5.3     0.3     1.3     0.5     0.3
313                  Textiles and fabrics..............................   0.942     98.7       98.8     0.7    -0.1     0.3     0.0     0.1
315                  Apparel and accessories...........................   0.541    100.5      100.3     0.2     0.0     0.0     0.0    -0.2

32               MANUFACTURED GOODS, PART 2............................  23.201    114.8      114.8    10.0     0.0     0.4     2.4     0.0
321                  Wood products.....................................   0.550    110.4      110.2     3.9     0.4    -0.2    -0.5    -0.2
322                  Paper.............................................   2.094    111.7      112.4     4.4     0.3     0.0     0.5     0.6
324                  Petroleum and coal products.......................   2.989    147.3      141.0    29.5     3.3     0.9    15.0    -4.3
325                  Chemicals.........................................  14.344    112.3      113.3     9.7    -0.5     0.3     1.0     0.9
326                  Plastics and rubber products......................   2.292    106.3      106.3     2.9     0.2     0.2     0.6     0.0
327                  Nonmetallic mineral products......................   0.828    106.2      106.4     2.0    -0.4    -0.1     0.0     0.2

33               MANUFACTURED GOODS, PART 3............................  60.074    104.3      104.6     2.3    -0.1     0.4     0.3     0.3
331                  Primary metals....................................   4.239    128.6      130.2    10.0    -1.4     1.9     2.3     1.2
332                  Fabricated metal products, nesoi..................   2.753    112.9      112.9     4.8     0.1     0.2     0.2     0.0
333                  Machinery, except electrical......................  11.956    106.1      106.3     3.2     0.0     0.3     0.0     0.2
334                  Computer and electronic products..................  16.645     96.2       96.4    -0.9     0.0     0.0     0.1     0.2
335                  Electrical equipment, appliances, and components..   3.548    105.6      106.1     3.4     0.1     0.3     0.5     0.5
336                  Transportation equipment..........................  16.213    105.0      105.2     2.4     0.1     0.3     0.2     0.2
339                  Miscellaneous manufactured commodities............   4.381    104.9      105.0     2.8     0.1     0.5     0.0     0.1


     1   Relative importance figures are based on 2005 trade values.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  5     U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
                  December 2006-December 2007          2000=100, unless otherwise noted
                                                                                       Index                     Percent Change
                                                                      Relative
                                                                       Import-                      Annual         Monthly
Harmo-                                                                  ance                         Dec.    Aug.   Sept.    Oct.    Nov.
nized                            Description                                                         2006    2007    2007    2007    2007
System                                                                November  November  December    to      to      to      to      to
                                                                        2007      2007      2007     Dec.   Sept.    Oct.    Nov.    Dec.
                                                                         1/                          2007    2007    2007    2007    2007

I          LIVE ANIMALS; ANIMAL PRODUCTS.............................   1.086    123.8      126.2     6.1    -0.5    -1.4    -2.1     1.9
02               Meat and edible meat offal..........................   0.295    148.3      147.8     4.4     0.1     1.1    -1.3    -0.3
03               Fish and crustaceans, molluscs and
                        other aquatic invertebrates..................   0.547     99.1       99.7     4.3     0.0    -1.3    -1.0     0.6

II         VEGETABLE PRODUCTS........................................   1.196    142.9      141.0    10.8     4.2     3.1    -1.1    -1.3
07               Edible vegetables, roots, and tubers................   0.311    195.5      203.9    13.3    -2.3    -3.6     2.1     4.3
08               Edible fruit and nuts; peel of citrus
                        fruit or melons..............................   0.366    102.8       93.8     4.3    13.0     7.5    -5.3    -8.8
09               Coffee, tea, mate and spices........................   0.241    149.6      150.2     9.4     1.6     3.2    -1.2     0.4

IV         PREPARED FOODSTUFFS, BEVERAGES, AND
                     TOBACCO.........................................   1.972    127.3      128.5     7.2     0.5     0.5     0.6     0.9
20               Preparations of vegetables, fruit,
                        nuts, or other parts of plants...............   0.269    132.5      134.3    12.2     4.6     1.3     2.1     1.4
22               Beverages, spirits, and vinegar.....................   0.728    111.2      111.9     1.5    -0.1    -0.2     0.1     0.6

V          MINERAL PRODUCTS..........................................  25.091    291.1      290.2    43.0     2.7     5.2    12.5    -0.3
27               Mineral fuels, oils and residuals,
                        bituminous substances and mineral wax........  24.714    291.6      290.6    43.7     2.7     5.3    12.7    -0.3

VI         PRODUCTS OF THE CHEMICAL OR ALLIED
                     INDUSTRIES......................................   6.920    127.1      128.8     8.3    -0.3     0.4     1.0     1.3
28               Inorganic chemicals.................................   0.862    206.7      216.2    20.8    -4.5    -7.5     1.2     4.6
29               Organic chemicals...................................   2.491    126.1      126.0     2.9     0.4     2.6     1.5    -0.1
30               Pharmaceutical products.............................   1.884    109.4      110.3     4.1     0.3     0.1     0.1     0.8
32               Tanning & dyeing extracts; dye &
                        pigments; varnish & paints; putty............   0.166    102.4      102.6     0.9     0.2     0.0     0.0     0.2
33               Essential oils and resinoids (Dec. 2001=100)........   0.386    113.7      113.9     2.9     0.0     0.0    -0.1     0.2
38               Miscellaneous chemical products.....................   0.409     99.8       99.8     5.7     0.2     0.3     0.8     0.0

VII        PLASTICS AND ARTICLES THEREOF; RUBBER
                     AND ARTICLES THEREOF............................   2.802    124.9      125.1     4.2     0.3     0.6     0.8     0.2
39               Plastics and articles thereof.......................   1.812    121.8      122.4     3.7     0.3     0.5     0.6     0.5
40               Rubber and articles thereof.........................   0.990    131.1      130.5     5.0     0.3     1.2     1.2    -0.5

VIII       RAW HIDES, SKINS, LEATHER, FURSKINS,
                     TRAVEL GOODS, ETC...............................   0.573    110.1      110.9     4.9     1.1     0.7     0.1     0.7
42               Articles of leather; travel goods, bags,
                        etc. of various materials....................   0.499    110.6      111.5     5.5     1.4     0.8     0.1     0.8

IX         WOOD, WOOD CHARCOAL, CORK, STRAW,
                     BASKETWARE AND WICKERWORK.......................   1.210    113.8      114.3     3.2     0.0    -2.3    -0.4     0.4

X          WOODPULP, RECOVERED PAPER, AND
                 PAPER PRODUCTS......................................   1.461    109.5      110.3     1.1     0.3     0.4     0.5     0.7
48               Paper and paperboard; articles of paper
                        pulp, paper or paperboard....................   0.987    104.4      105.0    -0.9     0.1    -0.1     0.6     0.6
49               Printed matter......................................   0.261    117.6      117.6     2.6     0.7     0.2     0.3     0.0

XI         TEXTILE AND TEXTILE ARTICLES..............................   5.103    103.0      103.2     2.1     0.4     0.1     0.1     0.2
61               Articles of apparel and clothing
                        accessories, knitted or crocheted............   1.808    100.7      100.7     0.5     0.1     0.0     0.1     0.0
62               Articles of apparel and clothing
                        accessories, not knitted or crocheted........   2.080    103.0      103.2     3.8     1.2     0.1     0.1     0.2
63               Made-up or worn textile articles....................   0.485     92.8       92.8    -1.6    -1.6    -0.1     0.3     0.0

XII        HEADGEAR, UMBRELLAS,
                 ARTIFICIAL FLOWERS, ETC.............................   1.162    102.3      103.7     2.7     0.0     0.2     0.1     1.4
64               Footwear and  parts of such articles................   0.982    102.2      102.2     0.9    -0.1     0.2     0.2     0.0

XIII       STONE, PLASTER, CEMENT, ASBESTOS,
                 CERAMICS, GLASS ETC.................................   0.923    113.1      113.9     4.8     0.0     0.8     0.4     0.7
68               Articles of stone, plaster, cement,
                        asbestos, or mica (Dec. 2001=100)............   0.320    104.8      106.0     3.8    -0.5     1.2     0.1     1.1
69               Ceramic products....................................   0.296    121.1      121.4     6.7     0.7     0.8     0.5     0.2
70               Glass and glassware.................................   0.308    112.9      113.7     4.1     0.0     0.3     0.6     0.7

XIV        PEARLS, STONES, PRECIOUS METALS,
                 IMITATION JEWELRY, AND COINS........................   2.810    140.1      142.1    11.4    -0.5     2.2     2.4     1.4

XV         BASE METALS AND ARTICLES OF BASE METAL....................   6.258    172.0      170.0     4.2    -2.3     0.1     0.9    -1.2
72               Iron and steel......................................   1.499    207.6      209.6    14.0    -1.8     0.3     0.5     1.0
73               Articles of iron or steel...........................   1.406    132.4      133.4     5.8    -0.2     1.1     0.4     0.8
74               Copper and articles thereof.........................   0.892    314.5      281.6    -0.7    -4.3     1.1     2.6   -10.5
76               Aluminum and articles thereof.......................   0.993    139.1      140.8    -3.5    -2.4    -2.2     0.2     1.2
82               Tools, implements, cutlery, spoons and
                        forks, of base metal; parts thereof..........   0.341    111.0      111.1     3.3     0.6     0.4     1.5     0.1
83               Miscellaneous articles of base metal................   0.451    126.3      126.6     1.9     0.2     0.2     0.2     0.2

XVI        MACHINERY, ELECTRICAL EQUIPMENT, TV
                 IMAGE & SOUND RECORDERS, PARTS, ETC.................  22.862     88.5       88.6     0.6     0.0     0.0     0.2     0.1
84               Machinery and mechanical appliances; parts thereof..  11.844     89.2       89.3     0.8     0.0     0.2     0.1     0.1
85               Electrical machinery and equip, sound
                        and TV recorders & reproducers, parts........  11.018     87.8       87.9     0.2     0.0    -0.2     0.3     0.1

XVII       VEHICLES, AIRCRAFT, VESSELS AND
                 ASSOCIATED TRANSPORT EQUIPMENT......................  11.957    107.1      107.4     2.0     0.2     0.4     0.3     0.3
87               Motor vehicles and their parts......................  11.034    106.3      106.5     1.8     0.2     0.4     0.3     0.2
88               Aircraft, spacecraft, and parts
                        thereof (Dec. 2002=100)......................   0.814    110.2      110.3     2.6     0.0     0.6     0.1     0.1

XVIII      OPTICAL, PHOTO, MEASURING, MEDICAL &
                 MUSICAL INSTRUMENTS; & TIMEPIECES...................   2.790     99.6       99.8     0.0     0.1     0.1     0.1     0.2
90               Optical, photographic, measuring and
                        medical instruments..........................   2.475     97.8       98.0    -0.2     0.1     0.1     0.1     0.2
91               Clocks and watches and parts thereof................   0.231    117.3      118.0     2.3     0.2     0.3     0.2     0.6

XX         MISCELLANEOUS MANUFACTURED ARTICLES.......................   3.596    101.9      101.9     1.5     0.2     0.3     0.0     0.0
94               Furniture & stuffed furnishings; lamps &
                        lighting fittings, nesoi; prefab bldg........   2.045    105.5      105.3     1.2     0.1     0.4     0.1    -0.2
95               Toys, games and sports equipment; parts
                        and accessories thereof......................   1.354     97.0       97.0     1.3     0.2     0.2     0.0     0.0
96               Miscellaneous manufactured articles.................   0.198    107.4      108.2     6.1     0.1     0.0     0.3     0.7


     1   Relative importance figures are based on 2005 trade values.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  6     U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
                  December 2006-December 2007          2000=100, unless otherwise noted
                                                                                       Index                     Percent Change
                                                                      Relative
                                                                       Import-                      Annual         Monthly
Harmo-                                                                  ance                         Dec.    Aug.   Sept.    Oct.    Nov.
nized                            Description                                                         2006    2007    2007    2007    2007
System                                                                November  November  December    to      to      to      to      to
                                                                        2007      2007      2007     Dec.   Sept.    Oct.    Nov.    Dec.
                                                                         1/                          2007    2007    2007    2007    2007

I          LIVE ANIMALS; ANIMAL PRODUCTS.............................   1.562    153.8      155.2    17.5     0.4    -3.0    -1.2     0.9
02               Meat & edible meat offal (Dec. 2006=100)............   0.824    124.4      124.8    24.8     1.4    -3.3    -2.4     0.3
03               Fish and crustaceans, molluscs and
                        other aquatic invertebrates..................   0.431    131.5      133.2    11.7     0.9     1.5    -0.6     1.3

II         VEGETABLE PRODUCTS........................................   4.948    194.2      202.3    32.8     7.9     7.5     1.3     4.2
08               Edible fruit and nuts; peel of citrus
                        fruit or melons..............................   0.691    126.4      121.8     8.0     2.7     2.9     0.1    -3.6
10               Cereals.............................................   2.228    220.0      239.6    36.9    12.0    10.0    -0.6     8.9
12               Oilseeds and misc. grains, seeds,
                        fruits, plants, straw and fodder.............   1.362    195.1      208.7    53.6     5.2     6.4     5.1     7.0

IV         PREPARED FOODSTUFFS, BEVERAGES, AND
                     TOBACCO.........................................   2.371    127.8      128.2    10.1     1.2     1.9     1.9     0.3
21               Miscellaneous edible preparations...................   0.426    115.6      115.8     5.6    -0.1     0.2     0.2     0.2
23               Residues and waste from the food
                        industries; prepared animal feed.............   0.573    173.3      173.6    24.4     5.3     5.8     6.7     0.2

V          MINERAL PRODUCTS..........................................   4.816    271.4      268.9    18.7     1.5     2.5     9.8    -0.9
27               Mineral fuels, oils and residuals,
                        bituminous substances and mineral wax........   4.114    263.2      261.1    25.8     2.2     2.8    11.8    -0.8

VI         PRODUCTS OF THE CHEMICAL OR ALLIED
                     INDUSTRIES......................................  11.837    133.3      134.2     8.4    -1.0     0.3     1.1     0.7
28               Inorganic chemicals.................................   1.208    168.1      170.2    12.6     1.3    -0.3     1.3     1.2
29               Organic chemicals...................................   3.771    148.5      149.9     8.6    -3.2     1.0     1.8     0.9
30               Pharmaceutical products.............................   2.487    116.1      116.8     4.8    -0.1     0.6     0.6     0.6
32               Tanning or dyeing extracts, dyes,
                        paints, varnish, putty, & inks...............   0.594    116.8      117.1     4.0    -0.1     0.9     1.3     0.3
33               Essential oils and resinoids;
                        perfumery, cosmetic or toilet................   0.676    118.9      118.9     3.3    -1.4     0.5     1.5     0.0
34               Soap; lubricants; waxes, polishing or
                        scouring products; candles, pastes...........   0.399    112.0      112.9     3.2     0.1    -4.3     1.0     0.8
38               Miscellaneous chemical products.....................   1.644    120.4      121.1     6.6     0.2    -0.5     0.8     0.6

VII        PLASTICS AND ARTICLES THEREOF; RUBBER
                     AND ARTICLES THEREOF............................   5.453    134.5      135.5     7.2     0.3     0.3     0.5     0.7
39               Plastics and articles thereof.......................   4.373    130.4      131.6     7.3     0.5     0.2     0.5     0.9
40               Rubber and articles thereof.........................   1.080    151.5      151.6     6.5    -0.3     0.5     0.7     0.1

VIII       RAW HIDES, SKINS, LEATHER, FURSKINS,
                     TRAVEL GOODS, ETC...............................   0.446    117.7      117.5    -4.5     0.1    -0.7    -0.6    -0.2

IX         WOOD, WOOD CHARCOAL, CORK, STRAW,
                     BASKETWARE AND WICKERWORK.......................   0.698    110.9      110.6     1.1     0.4    -0.1    -1.6    -0.3

X          WOODPULP, RECOVERED PAPER, AND
                 PAPER PRODUCTS......................................   2.710    114.5      115.1     7.3     0.5     0.7     0.9     0.5
47               Woodpulp and recovered paper........................   0.702    122.6      123.2    16.6     1.6     2.7     1.5     0.5
48               Paper and paperboard; articles of paper
                        pulp, paper or paperboard....................   1.424    109.6      110.3     3.1     0.4    -0.4     0.4     0.6
49               Printed material....................................   0.584    121.4      121.7     7.7    -0.2     1.1     1.5     0.2

XI         TEXTILE AND TEXTILE ARTICLES..............................   2.436    105.4      105.3     3.1     0.7     0.7     0.1    -0.1
52               Cotton, including yarns and woven fabrics thereof...   0.706    103.6      103.6     9.7     3.0     2.8    -0.1     0.0

XIII       STONE, PLASTER, CEMENT, ASBESTOS,
                 CERAMICS, GLASS ETC.................................   0.791    109.9      110.0     4.3    -0.3     0.2    -0.1     0.1
70               Glass and glassware.................................   0.425     98.3       98.4     2.7    -0.5     0.1    -0.1     0.1

XIV        PEARLS, STONES, PRECIOUS METALS,
                 IMITATION JEWELRY, AND COINS........................   3.619    169.9      172.5    17.5     0.8     4.1     3.2     1.5

XV         BASE METALS AND ARTICLES OF BASE METALS...................   5.731    162.3      162.3     2.3    -1.8     0.1     0.2     0.0
72               Iron and steel......................................   1.464    194.2      195.4     8.4    -1.3     0.3     1.0     0.6
73               Articles of iron or steel...........................   1.411    147.5      147.2     6.1     0.1     0.2    -0.2    -0.2
74               Copper and articles thereof.........................   0.657    239.8      233.8    -5.0    -3.3     3.9    -3.9    -2.5
76               Aluminum and articles thereof.......................   0.956    139.4      141.1    -5.1    -4.4    -2.2     1.1     1.2
82               Tools, implements, cutlery, spoons and
                        forks, of base metal; parts thereof..........   0.399    115.8      115.8     3.0     0.1     0.3     0.0     0.0
83               Miscellaneous articles of base metal................   0.399    128.9      128.6     3.2     0.4     0.2     0.1    -0.2

XVI        MACHINERY, ELECTRICAL EQUIPMENT, TV
                 IMAGE AND SOUND RECORDERS, PARTS, ETC...............  31.088     94.6       94.7     0.9     0.0     0.1     0.2     0.1
84               Machinery and mechanical appliances; parts thereof..  17.814    103.0      103.1     0.9    -0.1     0.2     0.1     0.1
85               Electrical machinery and equipment
                        and parts and accessories thereof............  13.274     85.4       85.7     1.1     0.1    -0.2     0.5     0.4

XVII       VEHICLES, AIRCRAFT, VESSELS AND
                 ASSOCIATED TRANSPORT EQUIPMENT......................  13.518    114.7      115.0     2.1     0.1     0.3     0.1     0.3
87               Motor vehicles and their parts......................   8.662    106.1      106.2     1.0     0.1     0.3     0.0     0.1

XVIII      OPTICAL, PHOTO, MEASURING, MEDICAL &
                 MUSICAL INSTRUMENTS; & TIMEPIECES...................   6.103    104.8      105.0     2.3     0.0     0.7     0.2     0.2

XX         MISCELLANEOUS MANUFACTURED ARTICLES.......................   1.428    105.9      106.1     4.6    -0.1     0.3     0.3     0.2
94               Furniture; stuffed furnishings;
                        lamps and lighting fittings nesoi;...........   0.780    113.7      114.1     2.8    -0.4     0.0     0.5     0.4
95               Toys, games and sports equipment; parts
                        and accessories thereof......................   0.487     92.3       92.3     3.1     0.3     0.9     0.2     0.0


     1   Relative importance figures are based on 2005 trade values.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  7     U.S. Import Price Indexes and Percent Changes by Locality of Origin
                  December 2006-December 2007          2000=100, unless otherwise noted
                                                                        Index                           Percent Change

                                                                                        Annual            Monthly
                                                       Percentage                        Dec.      Aug.    Sept.     Oct.     Nov.
                        Description                        of                            2006      2007     2007     2007     2007
                                                          U.S.   November   December      to        to       to       to       to
                                                        Imports    2007       2007       Dec.     Sept.     Oct.     Nov.     Dec.
                                                           1/                            2007      2007     2007     2007     2007

 2/ Industrialized Countries............................ 44.813   124.6      125.4        7.7       0.2      0.7      2.8      0.6
         Nonmanufactured articles.......................  4.582   231.4      236.9       28.1       1.2      2.6     15.4      2.4
         Manufactured articles.......................... 39.766   116.5      117.0        5.3       0.0      0.4      1.3      0.4

 3/ Other Countries..................................... 55.187   127.5      127.2       13.8       0.5      1.9      3.3     -0.2
         Nonmanufactured articles....................... 11.023   280.4      281.7       47.4       2.4      5.8      9.7      0.5
         Manufactured articles.......................... 43.965   105.9      105.3        4.6      -0.1      0.7      1.0     -0.6

    Canada.............................................. 17.052   144.8      145.7       12.8      -0.1      1.3      5.9      0.6
         Nonmanufactured articles.......................  3.871   230.4      236.7       26.5      -0.2      5.5     16.3      2.7
         Manufactured articles.......................... 12.851   129.0      129.0        8.7      -0.1      0.0      3.0      0.0

 4/ European Union...................................... 17.908   123.3      124.0        3.7       0.4      0.2      0.6      0.6
         Nonmanufactured articles.......................  0.389   280.8      282.2       42.0      13.4     -3.8      6.2      0.5
         Manufactured articles.......................... 17.406   120.6      121.3        2.8       0.1      0.3      0.4      0.6

    France (Dec. 2003=100)..............................  1.888   110.4      111.1        5.0       0.1      0.4      0.3      0.6

    Germany (Dec. 2003=100).............................  5.008   108.8      109.4        3.7       0.0     -0.2      0.5      0.6

    United Kingdom (Dec. 2003=100)......................  2.845   124.7      124.8        7.9       2.1     -0.3      1.5      0.1

 5/ Latin America....................................... 17.619   161.6      160.6       17.7       1.3      2.1      3.9     -0.6
         Nonmanufactured articles.......................  4.822   287.4      288.9       46.6       3.1      5.3      8.9      0.5
         Manufactured articles.......................... 12.721   135.1      133.4        6.0       0.5      0.5      1.4     -1.3

    Mexico (Dec. 2003=100).............................. 10.163   136.6      137.6       15.9       1.6      1.7      2.6      0.7

 6/ Pacific Rim (Dec. 2003=100)......................... 33.452    99.6       99.7        1.2       0.2      0.2      0.1      0.1

    China (Dec. 2003=100)............................... 14.941    99.5       99.6        2.4       0.2      0.2      0.2      0.1

    Japan...............................................  8.308    93.9       94.2        0.1       0.1      0.1     -0.1      0.3

 7/ Asian NICs..........................................  6.124    88.4       88.4       -0.8       0.1     -0.2     -0.2      0.0

 8/ ASEAN (Dec. 2003=100)...............................  5.993    98.3       98.2        0.1      -0.3     -0.3      1.0     -0.1

 9/ Asia Near East (Dec. 2003=100)......................  3.765   233.7      233.7       39.1       2.9      5.2      6.5      0.0


1   Percentage of trade figures are based on 2005 trade values.
2   Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa.
3   Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere.
4   Includes European Union countries.
5   Includes Mexico, Central America, South America and the Caribbean.
6   Includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and Asian Newly Industrialized Countries.
7   Asian Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan.
8   Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
9   Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen.

    NOTES:  Data may be revised in each of the three months after original publication.
            Regions are not mutually exclusive.
            n.a.  Not available


Table  8     U.S. International Price Indexes and Percent Changes for Selected Transportation Services
                  December 2006-December 2007          2000=100, unless otherwise noted
                                                                         Index                         Percent Change
                                                        Relative
                                                         Import-                       Annual            Monthly
                                                          ance                          Dec.      Aug.    Sept.     Oct.     Nov.
                        Description                                                     2006      2007     2007     2007     2007
                                                        November  November  December     to        to       to       to       to
                                                          2007      2007      2007      Dec.     Sept.     Oct.     Nov.     Dec.
                                                           1/                           2007      2007     2007     2007     2007

    AIR FREIGHT
      Import Air Freight................................ 100.000    138.4     142.2       8.4      0.1      0.8      2.3      2.7
           Europe (Dec. 2003=100).......................  29.150    142.9     148.5      16.4     -0.5      2.2      4.0      3.9
           Asia.........................................  60.260    118.7     121.6       5.6      0.6      0.3      1.8      2.4

      Export Air Freight................................ 100.000    121.2     122.6       5.1      1.3      0.8      0.4      1.2
           Europe (Dec. 2006=100).......................  39.488    105.2     106.7       6.7      0.5      2.4      0.4      1.4

      Inbound Air Freight............................... 100.000    133.9     137.3       8.0      0.2      1.0      2.3      2.5
           Europe (Dec. 2003=100).......................  31.075    138.2     143.1      15.9     -0.5      2.2      4.1      3.5
           Asia.........................................  56.221    113.0     115.4       4.3      0.6      0.4      1.5      2.1

      Outbound Air Freight.............................. 100.000    119.8     121.6       6.9      0.7      0.9      1.4      1.5
           Europe (Dec. 2003=100).......................  41.844    135.1     136.8       6.1      0.2      0.5      2.1      1.3
           Asia.........................................  40.032    108.0     110.1       5.8     -0.2      0.9      1.2      1.9

    AIR PASSENGER FARES
      Import Air Passenger Fares........................ 100.000    128.3     135.4       8.0     -6.3     -5.6     -3.1      5.5
           Europe.......................................  41.639    122.3     124.1       8.9     -2.3    -12.7     -7.8      1.5
           Asia.........................................  24.449    115.1     133.5       3.2    -15.5     -2.1     -0.9     16.0
           Latin America/Caribbean......................  13.718    127.0     128.3       3.4     -2.0      2.6      2.4      1.0

      Export Air Passenger Fares........................ 100.000    151.8     155.7      13.4     -3.4     -0.6     -1.2      2.6
           Europe.......................................  29.794    176.4     182.6      12.6     -7.4     -0.5     -5.5      3.5
           Asia.........................................  30.677    118.9     126.4      16.7     -4.2     -3.8     -2.5      6.3
           Latin America/Caribbean......................  20.848    171.3     169.9       7.7      2.7      0.0      1.6     -0.8

      Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000    131.6     135.4      14.3     -5.6     -0.7     -1.2      2.9
           Europe (Dec. 2003=100).......................  37.593    128.8     132.3      13.4    -10.7     -0.4     -4.2      2.7
           Asia (Dec. 2003=100).........................  28.780    115.3     123.8      15.4     -3.8     -4.9     -2.1      7.4
           Latin America/Caribbean (Dec. 2003=100)......  13.674    135.4     134.4       8.8      2.1      1.9      3.0     -0.7
           Canada (Dec. 2003=100).......................   9.305    204.8     206.4      25.5      1.3      6.1      6.8      0.8

      Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000    124.8     129.2       8.3     -4.8     -4.1     -3.1      3.5
           Europe (Dec. 2003=100).......................  37.577    126.0     127.7       7.8     -3.1    -11.4     -8.0      1.3
           Asia (Dec. 2003=100).........................  22.745    113.6     125.2       9.2    -11.1     -0.9     -1.6     10.2
           Latin America/Caribbean (Dec. 2003=100)......  22.742    116.3     116.2       2.0     -0.5      1.8      0.6     -0.1
           Canada (Dec. 2003=100).......................   7.725    198.3     208.5      25.7     -2.3      5.8      8.1      5.1

    CRUDE OIL TANKER FREIGHT
 2/   Inbound Crude Oil Tanker Freight.................. 100.000     n.a.      n.a.      n.a.    -13.3      2.8     n.a.     n.a.

    OCEAN LINER FREIGHT
      Inbound Ocean Liner Freight....................... 100.000    112.5     113.4      -0.5      0.0      0.1      0.1      0.8
           U.S. East Coast..............................  56.538    117.3     118.8       0.2      0.0      0.1      0.1      1.3
                 From Atlantic..........................  24.505    115.0     117.4      -0.5      0.0     -0.3      0.3      2.1
                 From Pacific...........................  23.197    121.8     122.1      -0.4      0.1     -0.4     -0.2      0.2
           U.S. West Coast..............................  43.462    109.8     110.0      -1.5      0.0      0.1      0.0      0.2


    1   Relative importance figures are based on 2005 trade values.
    2   Publication of the Crude Oil Tanker Freight Indexes is lagged two months, as are the relative importance figures.

    NOTES:  Data may be revised in each of the three months after original publication.
            n.a.  Not available


Table  9     U.S. Export Price Indexes and Percent Changes for Travel and Tourism Services                                                                                                 
                  November 2006-November 2007          December 2006=100, unless otherwise noted
                                                         Index                           Percent Change
                                         Relative
                                          Import-                        Annual             Monthly
                                           ance                           Nov.     July      Aug.      Sept.    Oct.
                Description                                               2006     2007      2007      2007     2007
                                          October  October   November       to      to        to        to       to
                                           2007     2007       2007       Nov.     Aug.      Sept.     Oct.     Nov.
                                            1/                            2007     2007      2007      2007     2007

   Export Travel and Tourism............. 100.000   107.5      105.9        5.9      0.4       2.1       1.1     -1.5
        From Europe......................  39.691   108.3      107.5        7.5      0.5       2.0       1.5     -0.7
        From Asia........................  31.948   106.6      103.7        3.7      0.2       2.8       0.6     -2.7
        From Latin America/Caribbean.....  15.333   107.3      106.3        6.3      0.2       1.7       1.5     -0.9
        From Canada......................   8.687   107.7      106.0        6.0      0.1       1.3       1.3     -1.6


   1   Relative importance figures are based on 2005 trade values.

   NOTES:  Data may be revised in each of the three months after original publication.
           n.a.  Not available


Table 10     U.S. Export Price Indexes and Percent Changes for Postsecondary Education Services                                                                                                   
                  Academic Year 2001/02 to 2006/07        Academic Year 2001/02 = 100, unless otherwise noted

                                                 Relative        Index                    Annual Percent Change
                                                 Import-
                                                   ance      Academic Year                    Academic Years

                    Description                  Academic                         2001/02  2002/03    2003/04    2004/05  2005/06
                                                   Year    2005/06     2006/07       to       to         to         to       to
                                                 2005/06                          2002/03  2003/04    2004/05    2005/06  2006/07
                                                    1/

   EXPORT POSTSECONDARY EDUCATION
        Tuition & Fees and Room & Board......... 100.000    128.8       135.1        6.5      7.5        7.0        5.1      4.9
           Graduate.............................  53.006    128.5       134.6        6.4      7.4        7.0        5.1      4.7
           Undergraduate........................  46.994    129.0       135.7        6.6      7.7        6.8        5.2      5.2

           Private..............................  47.874    123.0       129.4        5.2      5.7        5.1        5.2      5.2
           Public...............................  52.126    134.2       140.5        7.8      9.2        8.6        5.0      4.7

           Tuition & Fees.......................  73.181    131.6       138.2        7.1      8.4        7.8        5.2      5.0
                Graduate Tuition & Fees.........  38.417    131.4       137.7        7.0      8.3        7.8        5.2      4.8
                Undergraduate Tuition & Fees....  34.764    131.7       138.8        7.2      8.6        7.6        5.2      5.4

                Private Tuition & Fees..........  35.497    124.3       131.2        5.6      6.1        5.3        5.4      5.6
                Public Tuition & Fees...........  37.686    138.7       145.1        8.7     10.7        9.8        5.0      4.6

           Room & Board.........................  26.819    121.5       127.1        5.0      5.1        4.9        4.9      4.6
                Graduate Room & Board...........  14.589    121.3       127.1        5.0      5.1        5.0        4.7      4.8
                Undergraduate Room & Board......  12.230    121.7       127.2        5.0      5.1        4.9        5.1      4.5

                Private Room & Board............  12.377    119.1       124.3        4.2      4.8        4.5        4.4      4.4
                Public  Room & Board............  14.440    123.6       129.5        5.7      5.5        5.2        5.4      4.8


   1   Relative importance figures are based on 2005/06 academic year trade values.
	
                                        
						TECHNICAL NOTE


Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and 
are not seasonally adjusted.  Price indexes for merchandise goods are reweighted annually, with a two-year lag 
in the weights.  Published series use a base year of 2000=100 where possible.  More detailed index series and 
additional information may be obtained at http://www.bls.gov/mxp, or by calling (202) 691-7101.

Merchandise Goods Classification Systems -- The merchandise price indexes are published using three 
classification systems.  Items are classified, respectively, by end use for the Bureau of Economic Analysis 
System, industry for the North American Industry Classification System (NAICS), and product category for the 
Harmonized System (HS).  While classification by end use and product category are self-explanatory, a couple 
of notes are in order for classifying items by industry.  In the NAICS tables, for both imports and exports, 
items are classified by output industry, not input industry.  As an example, NAICS import index 326 (plastics 
and rubber products) would include outputs such as manufactured plastic rather than inputs such as petroleum.  
The NAICS classification structure also matches the classification system used by the PPI to produce the NAICS 
primary products indexes.

Import Price Indexes -- Products have been classified by the Harmonized Tariff Schedule of the United States 
Annotated (TSUSA).  Import prices are based on U.S. dollar prices paid by the U.S. importer.  The prices are 
generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) U.S. port 
transaction prices, depending on the practices of the individual industry.  The index for crude petroleum is 
calculated from data collected by the U.S. Department of Energy.  

Export Price Indexes -- Products have been classified by the Harmonized Schedule B classification system of 
the U.S. Bureau of the Census.  The prices used are generally either "free alongside ship" (f.a.s.) factory or 
"free on board" (f.o.b.) transaction prices, depending on the practices of the individual industry.  Prices 
used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture.

Services Price Indexes -- Price indexes for internationally traded services are presented using two 
definitions: Balance of Payments (which represent transactions between U.S. and foreign residents) and 
International (which represent transactions inbound to and outbound from the U.S.).  The Air Passenger Fares 
Indexes are calculated from data collected from a commercial airline reservation system.  These data exclude 
frequent flyer tickets and those sold by consolidators.  The Crude Oil Tanker Freight Indexes are calculated 
from data collected by the U. S. Department of Energy, and the publication of these indexes is lagged two 
months.  The Air Freight and Ocean Liner Freight Indexes are calculated from data collected directly from 
companies.  The Export Travel and Tourism Indexes are calculated from a subset of BLS Consumer Price Index 
data, and the publication of these indexes is lagged one month.  The indexes are published by the country of
residence of those traveling to the United States.  Post-secondary Education Indexes are calculated from
preliminary data collected by the U.S. Department of Education, and are calculated annually.  Export post-
secondary education refers to receipts from foreign students studying at U.S. institutions, including colleges,
universities, and technical/professional schools.  Fact sheets specifying detailed information for each 
services industry are available at http://www.bls.gov/mxp under "Publications and Other Documentation."   

Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected for 
the Import Price Indexes.  Beginning with January 2002, the indexes are defined by locality of origin using a 
nomenclature based upon the North American Industry Classification System (NAICS).  Nonmanufactured goods are 
defined as NAICS 11 and 21, and manufactured goods are defined as NAICS 31-33.  

Revision Policy -- To reflect the availability of late reports and corrections by respondents, monthly data 
may be revised in each of the three months after original publication.  After three months, no further data 
revisions take place.  So, for example, data released in the January release will be subject to revision in the 
releases for February, March, and April.

Uses of the Data -- The primary use of the indexes is to deflate trade statistics, notably the foreign trade 
sector of the National Income and Product Accounts constructed by the Department of Commerce.  Other published 
indexes are useful for general market analysis.  For trade in international services, Balance of Payments indexes 
are used for deflating National Income and Product Accounts, while International indexes are more appropriate for 
market analysis.  Merchandise and services indexes also can be used to study U.S. competitiveness and price 
elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade 
analysis.

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