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                     U.S. IMPORT AND EXPORT PRICE INDEXES
                                 - MAY 2004 -

                                  
     The U.S. Import Price Index increased 1.6 percent in May, the Bureau of
Labor Statistics of the U.S. Department of Labor reported today.  The
increase was led by petroleum, up 10.3 percent in May, the largest one-month
advance in petroleum prices since February 2003.  Export prices were up 0.3
percent in May, as both agricultural and nonagricultural export prices
continued to increase.
     
             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 
                                                                                
                                                                                
2003                                                                            
May               -0.7       -5.0       -0.2        0.1        2.5      -0.2     
June               0.9        5.4        0.4       -0.2       -0.5      -0.1     
July               0.5        5.2        0.0       -0.1       -0.1      -0.1     
August             0.0        1.8       -0.3        0.0       -1.0       0.1     
September         -0.5       -5.8        0.3        0.4        5.4      -0.1     
October            0.1        1.6       -0.1        0.2        2.4       0.1     
November           0.5        2.1        0.2        0.5        4.0       0.1     
December           0.7        5.1        0.3        0.3        0.4       0.3     
2004                                                                             
January            1.5        7.3        0.8        0.7        0.7       0.7     
February           0.4        0.5 r      0.4        0.7        1.5       0.6     
March              0.8        4.9 r      0.2        0.8 r      3.4       0.5 r
April              0.2       -0.4 r      0.3        0.7 r      2.7 r     0.5 r
May                1.6       10.3        0.4        0.3        0.5       0.2     
                                                                                 
May 2002-03        1.0        3.5        0.7        1.7       11.2       1.0     
May 2003-04        7.0       43.9        3.0        4.3       20.9       2.8     
                                                                                
r = revised to reflect late reports and corrections by respondents.


Import Goods
     
     Import prices rose 1.6 percent in May, the eighth consecutive monthly
advance and the largest one-month rise since February 2003.  The increase was
led by a 10.3 percent jump in petroleum prices, which had risen for 6
consecutive months prior to a 0.4 percent decline in April.  Over the past 12
months, the price index for petroleum imports was up 43.9 percent, while
overall import prices rose 7.0 percent.  Prices for nonpetroleum imports
continued a modest upward trend in May, up 0.4 percent, compared with
increases of 0.2 percent to 0.4 percent in five of the preceding six months.
For the year ended in May, nonpetroleum imports were up 3.0 percent.
     
     The increase in nonpetroleum import prices again was attributable mainly
to higher prices for nonpetroleum industrial supplies and materials, up 2.1
percent in May and 14.7 percent over the past year.  Increasing prices for
iron and steel, natural gas, and lumber all contributed to the May rise.  The
price index for import capital goods also rose in May, up 0.1 percent.  The
upturn followed a 0.5 percent decline in April and was the first increase for
the index since January.  For the year ended in May, capital goods prices
were down 0.1 percent.
     
     In contrast, the price indexes for foods, feeds, and beverages and for
consumer goods fell in May, down 0.3 percent and 0.1 percent, respectively.
The price decline for foods, feeds, and beverages was the first since August
2003; over the past 12 months, the index increased 5.5 percent.  Consumer
goods prices also were up for the year ended in May, increasing 0.6 percent.
     
     Prices for automotive vehicles were unchanged in May and up 1.3 percent
over the May 2003-2004 period.


Export Goods

     Export prices rose 0.3 percent in May, compared with increases of 0.7
percent or more in each of the preceding four months.  Prices for
agricultural exports continued to trend upward, up 0.5 percent in May, a
smaller increase than posted for the previous four months.  Over the past
year, agricultural prices were up 20.9 percent.  Nonagricultural prices
increased a more modest 0.2 percent in May, after rising 2.3 percent over the
first four months of 2004.  For the year ended in May, prices for
nonagricultural exports were up 2.8 percent, while overall export prices rose
4.3 percent.
     
     A 0.9 percent advance in the price index for nonagricultural industrial
supplies and materials led the May increase in nonagricultural export prices.
However, the May increase in nonagricultural supplies and materials prices
was smaller than the increases posted in each of the first four months of the
year, which ranged from 1.2 percent to 2.6 percent.  Rising prices for
petroleum products, iron and steel, and chemicals contributed to the May
increase.  Nonagricultural industrial supplies and materials prices were up
11.0 percent over the past 12 months.
     
     Prices for each of the major finished goods categories were unchanged in
May.  Capital goods prices were down 0.2 percent over the past year, the only
major export component to decline over the past 12 months.  In contrast, both
the price indexes for consumer goods and for automotive vehicles were up for
the year ended in May, increasing 0.9 percent and 0.6 percent, respectively.


Imports by Locality of Origin

     The price indexes for imports from Japan and from the Asian Newly
Industrialized Countries both rose 0.2 percent in May.  Import prices from
Japan resumed an upward trend after a modest 0.1 percent decline in April.
For the year ended in May, the index for imports from Japan rose 1.4 percent.
Prices for imports from the Asian Newly Industrialized Countries decreased
0.3 percent over the same 12-month period.
     
     Import prices from Latin America and Canada also rose in May, up 1.9
percent and 1.6 percent, respectively.  Higher petroleum prices were a
contributing factor to the increases in both indexes.  Over the past year,
import prices from Latin America were up 11.7 percent, while prices of
imports from Canada rose 10.5 percent.
     
     Prices of imports from the European Union were unchanged in May, as a
6.8 percent increase in nonmanufactured goods prices was offset by a 0.2
percent decline in the price index for manufactured goods.  Overall import
prices from the European Union were up 6.4 percent for the year ended in May.


Import and Export Services

     Import air passenger fares were up 0.9 percent in May, following a 7.3
percent rise in April.  Despite the recent increases, the index was down 4.7
percent for the year ended in May.  In contrast, export air passenger fares
fell 0.6 percent in May.  Declines in European and Latin American fares more
than offset higher Asian fares.  Over the past 12 months, export air
passenger fares increased 8.0 percent.


                             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 SITC
Table 4    U.S. Export Price Indexes, by SITC
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. Import and Export Quarterly Price Indexes for Services
Table 9    U.S. Import and Export Monthly Price Indexes for Services
Table 10   U.S. Inbound and Outbound Quarterly Price Indexes for Services
Table 11   U.S. Inbound and Outbound Monthly Price Indexes for Services
-------------------------------------------------------------------
Import and Export Price Index data for June are scheduled for release on July
14 at 8:30 A.M. (E.D.T.).


Table  1     U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
                May 2003-May 2004        2000=100, unless otherwise noted
                                                                                      Index                            Percent Change
                                                                  Relative
                                                                   Import-                          Annual             Monthly
                                                                    ance                             May       Jan.      Feb.      March     April
 END                            Description                                                          2003      2004      2004      2004      2004
 USE                                                                April      April      May         to        to        to        to        to
                                                                    2004       2004       2004       May       Feb.      March     April     May
                                                                     1/                              2004      2004      2004      2004      2004

         ALL COMMODITIES.......................................... 100.000     100.4      102.0       7.0       0.4       0.8       0.2       1.6
         ALL IMPORTS EXCLUDING PETROLEUM..........................  87.583      99.4       99.8       3.0       0.4       0.2       0.3       0.4
         ALL IMPORTS EXCLUDING FUELS
                (200112=100)......................................  85.809     102.7      103.0       2.9       0.5       0.4       0.3       0.3

0          FOODS, FEEDS, & BEVERAGES..............................   4.652     107.2      106.9       5.5       1.5       0.6       1.2      -0.3

00               Agricultural foods, feeds & beverages,
                        excluding distilled beverages.............   3.418     114.2      114.3       6.3       1.2      -0.4       1.2       0.1

01               Nonagricultural foods (fish, distilled beverages)   1.234      91.6       90.4       3.1       2.5       3.3       1.7      -1.3

1          INDUSTRIAL SUPPLIES & MATERIALS........................  28.852     113.8      120.2      26.1       1.4       2.5       1.0       5.6
              INDUSTRIAL SUPPLIES & MATERIALS
                    EXCLUDING PETROLEUM...........................  16.436     110.2      112.5      14.7       1.9       0.6       2.1       2.1
              INDUSTRIAL SUPPLIES & MATERIALS
                    EXCLUDING FUELS (200112=100)..................  14.662     118.9      121.0      15.6       2.2       2.3       2.1       1.8
              INDUSTRIAL SUPPLIES & MATERIALS,
                    DURABLE.......................................   9.120     112.2      115.3      24.8       3.8       3.2       3.4       2.8
              INDUSTRIAL SUPPLIES & MATERIALS,
                    NONDURABLE EXCLUDING PETROLEUM................   7.317     107.7      109.1       4.1       0.0      -2.5       0.6       1.3

10               Fuels & lubricants...............................  14.190     120.0      131.6      38.7       0.4       2.6      -0.1       9.7
100                  Petroleum & petroleum products...............  12.416     119.4      131.7      43.9       0.5       4.9      -0.4      10.3
10000                        Crude................................   9.183     120.9      131.9      42.1       0.9       4.6       0.3       9.1

11               Paper & paper base stocks........................   1.059      96.5       98.3       4.5       0.1       1.4       1.0       1.9

12               Materials associated with nondurable
                        supplies & materials......................   4.613     105.0      104.8       2.2       0.1       0.6      -0.4      -0.2

13               Selected building materials......................   2.347     120.3      123.7      28.6       6.5       4.2       1.5       2.8

14               Unfinished metals related to durable goods.......   3.562     122.8      129.0      43.5       4.8       4.8       7.0       5.0

15               Finished metals related to durable goods.........   1.458     107.2      107.7      11.4       1.5       1.6       2.3       0.5

16               Nonmetals related to durable goods...............   1.623      99.4       99.7       2.5       0.7       0.1       0.1       0.3

2          CAPITAL GOODS..........................................  23.333      92.6       92.7      -1.0       0.0       0.0      -0.5       0.1

20               Electric generating equipment....................   2.850      97.5       97.6       1.6       0.5       0.1      -0.5       0.1

21               Nonelectrical machinery..........................  18.210      90.5       90.6      -1.7       0.0       0.0      -0.8       0.1

22               Transportation equipment excluding
                        motor vehicles (200112=100)...............   2.273     104.0      104.0       2.1       0.2       0.2       0.4       0.0

3          AUTOMOTIVE VEHICLES, PARTS & ENGINES...................  17.348     101.9      101.9       1.3       0.1       0.1       0.1       0.0

4          CONSUMER GOODS, EXCLUDING
                  AUTOMOTIVES.....................................  25.814      98.6       98.5       0.6       0.1       0.0      -0.1      -0.1

40               Nondurables, manufactured........................  12.614     101.0      100.9       1.1       0.1       0.0      -0.2      -0.1

41               Durables, manufactured...........................  11.930      96.3       96.2       0.0       0.0       0.0       0.0      -0.1

42               Nonmanufactured consumer goods...................   1.270      96.4       97.3       1.8       0.3       0.2       0.0       0.9


     1   Relative importance figures are based on 2002 trade values.

     NOTES:  Data may be revised in each of the three months after original publication.
             n.a.  Not available


Table  2     U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
                May 2003-May 2004        2000=100, unless otherwise noted
                                                                                         Index                            Percent Change
                                                                      Relative
                                                                       Import-                         Annual             Monthly
                                                                        ance                            May       Jan.      Feb.      March     April
 END                             Description                                                            2003      2004      2004      2004      2004
 USE                                                                    April      April      May        to        to        to        to        to
                                                                        2004       2004       2004      May       Feb.      March     April     May
                                                                         1/                             2004      2004      2004      2004      2004

         ALL COMMODITIES............................................. 100.000     103.7      104.0       4.3       0.7       0.8       0.7       0.3
         AGRICULTURAL COMMODITIES....................................  10.078     133.1      133.7      20.9       1.5       3.4       2.7       0.5
         NONAGRICULTURAL COMMODITIES.................................  89.923     101.4      101.6       2.8       0.6       0.5       0.5       0.2

0          FOODS, FEEDS, & BEVERAGES.................................   9.248     134.8      135.8      21.5       2.0       3.8       3.4       0.7

00               Agricultural foods, feeds & beverages,
                        excluding distilled beverages................   8.490     137.0      138.0      23.1       2.1       4.0       3.6       0.7

01               Nonagricultural foods (fish, distilled beverages)...   0.758     113.4      113.9       3.4       1.1       0.9       1.5       0.4

1          INDUSTRIAL SUPPLIES & MATERIALS...........................  26.254     109.3      110.2      10.9       1.2       1.6       1.1       0.8
              INDUSTRIAL SUPPLIES & MATERIALS,
                    DURABLE..........................................  10.064     112.2      112.0      13.8       2.3       2.2       1.7      -0.2
              INDUSTRIAL SUPPLIES & MATERIALS,
                    NONDURABLE.......................................  16.192     107.6      109.2       8.9       0.7       1.2       0.6       1.5

10               Agricultural industrial supplies & materials........   1.588     114.9      114.0      10.1      -1.7       0.5      -2.0      -0.8

           NONAGRICULTURAL INDUSTRIAL SUPPLIES
                        & MATERIALS..................................  24.667     109.0      110.0      11.0       1.5       1.7       1.2       0.9

11               Fuels & lubricants..................................   2.704     110.4      118.5      25.4       0.4       2.3       1.4       7.3

12               Nonagricultural supplies & materials
                        excluding fuels & building materials.........  20.770     109.5      109.6       9.4       1.6       1.6       1.3       0.1

13               Selected building materials.........................   1.193     103.2      103.5       7.3       2.2       1.4       0.9       0.3

2          CAPITAL GOODS.............................................  41.130      98.1       98.1      -0.2       0.3       0.2       0.1       0.0

20               Electrical generating equipment.....................   3.955     101.5      101.3      -0.2      -0.1       0.1      -0.5      -0.2

21               Nonelectrical machinery.............................  29.622      94.6       94.6      -0.9       0.4       0.2       0.1       0.0

22               Transportation equipment excluding
                        motor vehicles (200112=100)..................   7.553     107.0      107.0       3.2       0.1       0.1       0.4       0.0

3          AUTOMOTIVE VEHICLES, PARTS & ENGINES......................  11.417     102.1      102.1       0.6       0.1      -0.1       0.2       0.0

4          CONSUMER GOODS, EXCLUDING
                  AUTOMOTIVES........................................  11.905     100.3      100.3       0.9      -0.1       0.0       0.2       0.0

40               Nondurables, manufactured...........................   5.828      99.9       99.9       1.4       0.0      -0.1       0.1       0.0

41               Durables, manufactured..............................   5.338     100.5      100.7       0.8      -0.1       0.1       0.4       0.2

42               Nonmanufactured consumer goods (200112=100).........   0.739     100.8      100.2      -0.5       0.0      -0.3      -0.3      -0.6



     1   Relative importance figures are based on 2002 trade values.

     NOTES:  Data may be revised in each of the three months after original publication.
             n.a.  Not available


Table 3      U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
                May 2003-May 2004        2000=100, unless otherwise noted
                                                                                         Index                            Percent Change
                                                                     Relative
                                                                      Import-                          Annual             Monthly
                                                                       ance                             May       Jan.      Feb.      March     April
SITC                             Description                                                            2003      2004      2004      2004      2004
Rev. 3                                                                 April      April      May         to        to        to        to        to
                                                                       2004       2004       2004       May       Feb.      March     April     May
                                                                        1/                              2004      2004      2004      2004      2004

         ALL COMMODITIES............................................. 100.000     100.4      102.0       7.0       0.4       0.8       0.2       1.6

0          FOOD AND LIVE ANIMALS.....................................   3.658     106.4      106.2       6.4       2.4       0.7       0.9      -0.2
01               Meat and meat preparations..........................   0.420     121.8      125.4      13.7       0.3       2.1       1.1       3.0
03               Fish, crustaceans, aquatic invertebrates
                        and preparations thereof.....................   0.886      85.0       83.9       0.6       2.3       4.1       2.0      -1.3
05               Vegetables, fruit and nuts, fresh or dried..........   0.905     109.4      106.2       2.2       3.0      -3.8      -1.7      -2.9
07               Coffee, tea, cocoa, spices and manufactures thereof.   0.424     103.5      102.5       3.4       1.8      -0.2       1.8      -1.0
      2/   Other food and live animals...............................   1.023     121.5      124.2      12.9       3.3       2.1       1.8       2.2

1          BEVERAGES AND TOBACCO.....................................   0.939     105.3      105.5       0.9       0.3       0.3       0.0       0.2
11               Beverages...........................................   0.826     105.5      105.8       1.9       0.3       0.3       0.0       0.3

2          CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS...................   2.148     122.6      126.7      28.2       4.2       5.1       2.3       3.3
24               Cork and wood.......................................   0.855     127.8      139.0      47.9       6.2       6.6       3.6       8.8
25               Woodpulp and recovered paper........................   0.259     100.8      103.4       8.5      -1.5       3.8       5.7       2.6
28               Metalliferous ores and metal scrap..................   0.405     147.8      143.1      44.1       8.4       9.9      -0.1      -3.2
29               Crude animal and vegetable materials, n.e.s.........   0.226      99.3      102.1      -1.4       0.6       0.2      -0.4       2.8

3          MINERAL FUELS, LUBRICANTS AND RELATED
                     MATERIALS.......................................  13.867     120.6      132.3      37.8       0.3       2.5       0.0       9.7
33               Petroleum, petroleum products and related materials.  12.189     119.7      132.2      42.8       0.4       4.7      -0.2      10.4
34               Gas, natural and manufactured.......................   1.678     123.3      129.3       8.7      -0.7     -10.4       0.3       4.9

5          CHEMICALS AND RELATED PRODUCTS, N.E.S.....................   7.745     103.4      103.1       4.1       0.4       0.4      -0.4      -0.3
51               Organic chemicals...................................   2.610      99.5       99.2       3.5       0.1       0.1       0.7      -0.3
52               Inorganic chemicals.................................   0.595     115.9      114.7       8.4       1.1      -0.1      -3.8      -1.0
53               Dyeing, tanning and coloring materials..............   0.208     100.3      100.3       2.3      -0.2      -0.2       0.8       0.0
54               Medicinal and pharmaceutical products...............   2.294     107.1      106.7       5.4       0.5       0.1      -0.6      -0.4
55               Essential oils; polishing and cleansing preps.......   0.335      93.5       93.4      -5.6       0.6       0.4      -0.2      -0.1
57               Plastics in primary forms...........................   0.606     105.5      105.7       3.9       0.8       1.6      -1.3       0.2
58               Plastics in nonprimary forms........................   0.378     102.7      102.5       1.7       0.3       0.5      -0.2      -0.2
59               Chemical materials and products, n.e.s..............   0.536      95.5       95.2       2.1       0.6       0.9      -0.3      -0.3

6          MANUFACTURED GOODS CLASSIFIED CHIEFLY
                     BY MATERIAL.....................................  12.245     105.6      107.1      14.3       2.5       2.1       2.0       1.4
62               Rubber manufactures, n.e.s..........................   0.664      99.9       99.8       0.7       0.2       0.5       0.2      -0.1
63               Cork and wood manufactures other than furniture.....   0.950     129.5      128.6      34.8      14.6       7.6       1.1      -0.7
64               Paper and paperboard, cut to size...................   1.248      94.6       95.7       2.7       0.4       0.4      -0.3       1.2
65               Textile yarn, fabrics, made-up
                        articles, n.e.s., and related prod...........   1.460     104.1      103.8       3.5       0.5       0.1       0.4      -0.3
66               Nonmetallic mineral manufactures, n.e.s.............   2.195      99.3       99.4       1.9       0.4       0.1       0.3       0.1
67               Iron and steel......................................   1.663     129.1      140.3      39.7       3.8       4.1       8.7       8.7
68               Nonferrous metals...................................   1.927     105.8      107.3      41.6       5.1       5.8       3.1       1.4
69               Manufactures of metals, n.e.s.......................   2.032     102.3      102.5       5.0       0.6       0.8       1.2       0.2

7          MACHINERY AND TRANSPORT EQUIPMENT.........................  41.813      95.3       95.3      -0.4       0.1       0.0      -0.2       0.0
71               Power generating machinery and equipment............   2.950     101.7      101.6       2.0       0.4       0.0       0.5      -0.1
72               Machinery specialized for particular industries.....   1.642     106.5      106.7       6.1       1.4       0.3      -0.2       0.2
73               Metalworking machinery..............................   0.452     106.7      106.4       2.4       0.9       0.0      -0.7      -0.3
74               General industrial machinery,
                        equipment, & machine parts, n.e.s............   3.150     103.3      103.1       3.1       0.7       0.6       0.2      -0.2
75               Computer equipment and office machines..............   5.733      76.3       76.3      -7.1       0.0      -0.4      -1.8       0.0
76               Telecommunications & sound recording
                        & reproducing apparatus & equipment..........   5.094      85.0       85.0      -4.9      -1.2      -0.4      -0.1       0.0
77               Electrical machinery and equipment..................   6.796      95.2       95.4       0.2       0.3       0.0      -0.5       0.2
78               Road vehicles.......................................  14.456     102.2      102.3       1.6       0.1       0.0       0.2       0.1

8          MISCELLANEOUS MANUFACTURED ARTICLES.......................  17.112     100.0       99.9       0.3       0.0       0.1      -0.1      -0.1
81               Prefabricated buildings; plumbing, heat
                        & lighting fixtures, n.e.s...................   0.452      93.5       93.5      -1.4      -0.1       0.1       0.3       0.0
82               Furniture and parts thereof.........................   1.880     101.6      101.7       1.8       0.1       0.5       0.8       0.1
83               Travel goods, handbags and similar containers.......   0.389     103.5      103.5       1.7      -0.1       0.1      -0.1       0.0
84               Articles of apparel and clothing accessories........   5.453     100.5      100.5      -0.6       0.0      -0.1      -0.1       0.0
85               Footwear............................................   1.324     100.6      100.5       0.8       0.0       0.1       0.0      -0.1
87               Professional, scientific and controlling
                        instruments and apparatus, n.e.s.............   1.795      99.6       99.5       0.4      -0.1       0.0       0.0      -0.1
88               Photographic apparatus, equipment and
                        supplies and optical goods, n.e.s............   0.980      99.4       99.4       0.1       0.4      -0.3      -0.6       0.0
89               Miscellaneous manufactured articles, n.e.s..........   4.840      98.9       98.6       0.8       0.1       0.2      -0.5      -0.3


     1   Relative importance figures are based on 2002 trade values.
     2   Product categories included in this group have been modified due to concordance or coverage limitations.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  4     U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
                May 2003-May 2004        2000=100, unless otherwise noted
                                                                                         Index                            Percent Change
                                                                     Relative
                                                                      Import-                          Annual             Monthly
                                                                       ance                             May       Jan.      Feb.      March     April
SITC                             Description                                                            2003      2004      2004      2004      2004
Rev. 3                                                                 April      April      May         to        to        to        to        to
                                                                       2004       2004       2004       May       Feb.      March     April     May
                                                                        1/                              2004      2004      2004      2004      2004

         ALL COMMODITIES............................................. 100.000     103.7      104.0       4.3       0.7       0.8       0.7       0.3

0          FOOD AND LIVE ANIMALS.....................................   7.104     125.4      125.9      16.6       2.5       2.2       2.4       0.4
01               Meat and meat preparations..........................   1.290     124.1      123.1      21.3       1.8       0.9      -1.6      -0.8
03               Fish, crustaceans, aquatic invertebrates
                        and preparations thereof.....................   0.512     108.8      109.7       1.8       1.2       0.9       2.4       0.8
04               Cereals and cereal preparations.....................   2.187     147.7      146.0      17.6       2.7       3.3       5.8      -1.2
05               Vegetables, fruit and nuts, fresh or dried..........   1.308     109.1      112.7      16.3       5.1       1.6      -0.9       3.3
08               Feeding stuff for animals (not
                        including unmilled cereals)..................   0.812     140.1      142.0      32.5       2.3       4.0       4.9       1.4
09               Miscellaneous edible products and preparations......   0.465     102.2      102.1       1.0       0.4       0.7      -0.1      -0.1
      2/   Other food and live animals...............................   0.532     113.0      113.9      12.2       0.3       2.9       5.5       0.8

1          BEVERAGES AND TOBACCO.....................................   0.702     101.9      101.8       4.5       0.9       0.2      -0.2      -0.1
12               Tobacco and tobacco manufactures....................   0.451     100.2      100.2       4.6       0.9       0.0      -0.3       0.0

2          CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS...................   5.767     132.9      131.7      26.0       1.7       5.2       3.3      -0.9
22               Oil seeds and oleaginous fruits.....................   1.681     197.1      199.0      56.2       2.4      12.9       8.5       1.0
24               Cork and wood.......................................   0.544      97.7       98.3       8.0       1.2       0.9       1.2       0.6
25               Woodpulp and recovered paper........................   0.668      98.8      100.0      11.2       0.9       1.8       4.9       1.2
26               Textile fibers and their waste......................   0.611     115.9      115.0      10.4      -1.2      -0.2      -4.9      -0.8
28               Metalliferous ores and metal scrap..................   1.274     177.3      166.0      56.9       5.3       8.2       4.5      -6.4
      2/   Other crude materials, inedible, except fuels.............   0.990     108.4      108.9       0.1       0.0      -0.8      -1.0       0.5

3          MINERAL FUELS, LUBRICANTS AND RELATED
                     MATERIALS.......................................   2.155     123.1      134.8      31.5      -1.0       3.1       0.1       9.5
33               Petroleum, petroleum products and related materials.   1.547     119.8      135.0      40.0      -1.8       4.7      -0.2      12.7

5          CHEMICALS AND RELATED PRODUCTS, N.E.S.....................  13.399     105.6      105.8       4.9       1.1       0.9       0.7       0.2
51               Organic chemicals...................................   3.035     113.3      114.1       9.1       2.2       2.2       2.3       0.7
52               Inorganic chemicals.................................   0.819     100.2       98.7       0.0       0.3       0.0       0.7      -1.5
53               Dyeing, tanning and coloring materials..............   0.577      97.2       97.5      -1.2      -0.6       0.0      -0.1       0.3
54               Medicinal and pharmaceutical products...............   2.447     105.4      105.4       1.4      -0.1       0.0       0.1       0.0
55               Essential oils; polishing and cleansing preps.......   0.950     104.2      104.2       9.5      -0.1       0.1      -0.1       0.0
56               Fertilizers.........................................   0.468     142.1      137.5      16.0       2.8       6.1       2.9      -3.2
57               Plastics in primary forms...........................   2.257     102.1      103.1       5.6       2.6       1.2       0.0       1.0
58               Plastics in nonprimary forms........................   0.879      97.5       96.9      -1.6       0.4       0.6      -0.3      -0.6
59               Chemical materials and products, n.e.s..............   1.968     105.3      106.0       5.1       0.2      -0.3       0.4       0.7

6          MANUFACTURED GOODS CLASSIFIED CHIEFLY
                     BY MATERIAL.....................................  10.138     105.7      106.6       6.9       1.3       1.1       1.5       0.9
62               Rubber manufactures, n.e.s..........................   0.768     110.7      110.4       1.8       0.5      -0.5       0.3      -0.3
64               Uncoated Paper/paperboard, and linerboard...........   1.485      98.5       99.1       1.8      -0.1       0.1       0.6       0.6
65               Textile yarn, fabrics, and made-up articles, n.e.s..   1.612     104.1      104.0       1.3       0.0       0.2       0.0      -0.1
66               Nonmetallic mineral manufactures, n.e.s.............   1.466      99.5       99.1      -1.2      -0.1       0.1      -0.2      -0.4
67               Iron and steel......................................   1.102     134.8      142.4      33.7       3.4       4.9       7.7       5.6
68               Nonferrous metals...................................   1.132      98.5       98.7      24.3       5.8       3.5       4.7       0.2
69               Manufactures of metals, n.e.s.......................   2.108     106.2      107.5       2.3       0.3       0.1       0.7       1.2
      2/   Other manufactured goods classified
                  chiefly by material (200112=100)...................   0.466     122.1      121.9      15.7       7.3       1.9       1.2      -0.2

7          MACHINERY AND TRANSPORT EQUIPMENT.........................  48.531      98.4       98.4      -0.1       0.2       0.2       0.1       0.0
71               Power generating machinery and equipment............   4.873     108.6      108.6       1.4       0.1       0.0      -0.7       0.0
72               Machinery specialized for particular industries.....   3.696     105.2      105.6       3.1       0.1       0.2       1.0       0.4
73               Metalworking machinery..............................   0.633     100.8      100.7      -0.3       0.1      -0.1      -0.1      -0.1
74               General industrial machinery,
                        equipment, & parts, n.e.s....................   4.704     104.5      104.6       2.3       0.2       0.5       0.5       0.1
75               Computer equipment and office machines..............   5.595      88.6       88.5      -0.4       0.6       0.2       0.2      -0.1
76               Telecommunications & sound recording
                        & reproducing apparatus & equipment..........   3.430      92.6       92.5      -1.7      -0.1       0.0       0.1      -0.1
77               Electrical machinery and equipment..................  11.258      88.5       88.5      -3.8       0.3       0.3      -0.1       0.0
78               Road vehicles.......................................   8.771     102.2      102.2       1.2       0.2      -0.1       0.4       0.0

8          MISCELLANEOUS MANUFACTURED ARTICLES.......................  11.149     100.8      100.8      -0.2       0.1       0.0      -0.1       0.0
82               Furniture and parts thereof.........................   0.635     102.4      102.5       1.1       0.2       0.0       0.0       0.1
84               Articles of apparel and clothing accessories........   0.862      96.9       96.9      -0.1       0.0       0.0       0.1       0.0
87               Professional, scientific and controlling
                        instruments and apparatus, n.e.s.............   4.235     102.0      101.9       0.0       0.1       0.0      -0.3      -0.1
88               Photographic apparatus, equipment and
                        supplies and optical goods, n.e.s............   0.948      94.5       94.8      -2.9       0.4      -0.2      -0.5       0.3
89               Miscellaneous manufactured articles, n.e.s..........   4.087     101.5      101.5      -0.2       0.0       0.0       0.1       0.0
      2/   Other miscellaneous manufactured articles.................   0.383     106.3      106.3       3.1       0.0       0.1       0.1       0.0


     1   Relative importance figures are based on 2002 trade values.
     2   Product categories included in this group have been modified due to concordance or coverage limitations.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  5     U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
                May 2003-May 2004        2000=100, unless otherwise noted
                                                                                         Index                            Percent Change
                                                                      Relative
                                                                       Import-                         Annual             Monthly
Harmo-                                                                  ance                            May       Jan.      Feb.      March     April
nized                            Description                                                            2003      2004      2004      2004      2004
System                                                                  April     April      May         to        to        to        to        to
                                                                        2004      2004       2004       May       Feb.      March     April     May
                                                                         1/                             2004      2004      2004      2004      2004

I          LIVE ANIMALS; ANIMAL PRODUCTS.............................   1.539     105.0      106.8       9.8       3.9       4.3       2.0       1.7
02               Meat and edible meat offal..........................   0.374     122.8      126.6      12.5       0.3       2.7       0.2       3.1
03               Fish and crustaceans, molluscs and
                        other aquatic invertebrates..................   0.706      85.1       83.2      -0.7       2.7       4.5       1.8      -2.2
      2/         Other live animals; animal products.................   0.459     141.8      151.2      24.9       9.6       5.0       4.0       6.6
II         VEGETABLE PRODUCTS........................................   1.184     104.5      103.1       1.4       3.3      -2.6      -1.2      -1.3
07               Edible vegetables, roots, and tubers................   0.283     120.9      112.4      -1.1       8.9      -6.5     -10.4      -7.0
08               Edible fruit and nuts; peel of citrus
                        fruit or melons..............................   0.358      98.0       97.9       2.2       0.3      -3.8       6.6      -0.1
09               Coffee, tea, mate and spices........................   0.225      89.7       88.6       6.1       2.8       0.2      -1.3      -1.2
      2/         Other vegetable products............................   0.318     109.8      112.1       0.1       1.6       0.9      -0.4       2.1
IV         PREPARED FOODSTUFFS, BEVERAGES, AND
                     TOBACCO.........................................   2.173     108.7      108.9       2.9       0.1       0.3       1.2       0.2
20               Preparations of vegetables, fruit,
                        nuts, or other parts of plants...............   0.244     101.2      101.2       3.5      -0.3      -0.2       0.8       0.0
22               Beverages, spirits, and vinegar.....................   0.838     103.6      103.8       1.2       0.3       0.4       0.1       0.2
      2/         Other prepared foodstuffs...........................   1.091     115.1      115.3       4.1       0.1       0.3       2.3       0.2

V          MINERAL PRODUCTS..........................................  14.236     120.1      131.5      37.8       0.4       2.3      -0.1       9.5
27               Mineral fuels, oils and residuals,
                        bituminous substances and mineral wax........  13.917     119.2      130.7      38.5       0.4       2.3       0.0       9.6
      2/         Other mineral products (200112=100).................   0.319     108.2      108.0       7.4       1.3       0.1       0.8      -0.2

VI         PRODUCTS OF THE CHEMICAL OR ALLIED
                     INDUSTRIES......................................   7.053     102.9      102.6       4.4       0.3       0.3      -0.4      -0.3
28               Inorganic chemicals.................................   0.656     113.0      111.5       8.1       0.3       0.3      -5.4      -1.3
29               Organic chemicals...................................   2.890      99.7       99.4       4.0       0.2       0.1       0.9      -0.3
30               Pharmaceutical products.............................   1.975     106.9      106.6       6.1       0.6       0.0      -0.6      -0.3
32               Tanning & dyeing extracts; dye &
                        pigments; varnish & paints; putty............   0.206      98.0       97.9      -0.5      -0.5      -0.2       0.6      -0.1
33               Essential oils and resinoids (200112=100)...........   0.292     105.4      105.1       2.4       0.7       0.5      -0.3      -0.3
37               Photographic or cinematographic goods...............   0.177      97.3       97.3      -0.6       0.1       0.4       0.5       0.0
38               Miscellaneous chemical products.....................   0.399      92.3       92.6      -1.4      -0.1      -0.3      -1.0       0.3
      2/         Other products of the chemical or allied industries.   0.458     111.7      112.3       6.5       0.4       2.4       0.4       0.5

VII        PLASTICS AND ARTICLES THEREOF; RUBBER
                     AND ARTICLES THEREOF............................   2.779     106.1      105.9       3.4       0.5       0.7       0.1      -0.2
39               Plastics and articles thereof.......................   1.848     105.5      105.3       3.3       0.7       0.7      -0.1      -0.2
40               Rubber and articles thereof.........................   0.931     107.5      106.9       3.5       0.1       0.7       0.7      -0.6

VIII       RAW HIDES, SKINS, LEATHER, FURSKINS,
                     TRAVEL GOODS, ETC...............................   0.731     101.4      101.5       1.6       0.1       0.1       0.0       0.1
42               Articles of leather; travel goods, bags,
                        etc. of various materials....................   0.619     101.9      101.9       1.1       0.0       0.1      -0.1       0.0
IX         WOOD, WOOD CHARCOAL, CORK, STRAW,
                     BASKETWARE AND WICKERWORK.......................   1.837     130.5      134.7      40.9       8.3       6.3       2.0       3.2

X          WOODPULP, RECOVERED PAPER, AND
                 PAPER PRODUCTS......................................   1.842      96.9       97.9       3.1       0.2       0.8       0.4       1.0
47               Pulp wood or other fibrous cellulosic
                        material; waste paper/paperboard.............   0.257     100.4      102.9       7.9      -1.5       3.8       5.7       2.5
48               Paper and paperboard; articles of paper
                        pulp, paper or paperboard....................   1.264      93.9       94.9       2.7       0.4       0.4      -0.3       1.1
49               Printed matter......................................   0.321     112.5      112.0       1.4       0.5       0.0      -0.5      -0.4

XI         TEXTILE AND TEXTILE ARTICLES..............................   6.454     100.3      100.2      -0.1       0.0       0.0      -0.1      -0.1
61               Articles of apparel and clothing
                        accessories, knitted or crocheted............   2.387      99.6       99.6      -1.7      -0.2      -0.1      -0.1       0.0
62               Articles of apparel and clothing
                        accessories, not knitted or crocheted........   2.616     100.1      100.1      -0.1       0.0      -0.1       0.0       0.0
63               Made-up or worn textile articles....................   0.468      94.4       94.4       0.7       0.1       0.0      -1.6       0.0
      2/         Other textile & textile articles....................   0.983     105.2      105.0       3.8       0.5       0.6       0.4      -0.2

XII        HEADGEAR, UMBRELLAS,
                 ARTIFICIAL FLOWERS, ETC.............................   1.549      99.9       99.9       0.8       0.0       0.0       0.0       0.0
64               Footwear and  parts of such articles................   1.317     100.4      100.3       0.6       0.0       0.1       0.0      -0.1
      2/         Other footwear, headgear, umbrellas,
                       whips, art. flowers, etc......................   0.232      97.4       97.3       1.4      -0.1      -0.3       0.0      -0.1

XIII       STONE, PLASTER, CEMENT, ASBESTOS,
                 CERAMICS, GLASS ETC.................................   1.042     104.1      103.9       2.4       0.6      -0.1       0.3      -0.2
68               Articles of stone, plaster, cement,
                        asbestos, or mica (200112=100)...............   0.317      99.2       99.1       0.3       0.5       0.0      -0.2      -0.1
69               Ceramic products....................................   0.358     107.9      107.9       5.2       0.6      -0.1       0.7       0.0
70               Glass and glassware.................................   0.367     104.2      103.7       1.4       0.7      -0.1       0.3      -0.5

XIV        PEARLS, STONES, PRECIOUS METALS,
                 IMITATION JEWELRY, AND COINS........................   2.477      95.6       95.5      11.4       1.2       0.2       1.8      -0.1

XV         BASE METALS AND ARTICLES OF BASE METAL....................   5.495     115.8      120.5      25.8       3.0       3.5       3.6       4.1
72               Iron and steel......................................   1.451     139.7      156.0      51.9       5.6       5.9       8.9      11.7
73               Articles of iron or steel...........................   1.353     106.8      108.3      12.2       1.8       1.7       1.8       1.4
74               Copper and articles thereof.........................   0.487     125.9      125.3      36.6       3.8       8.4       1.1      -0.5
76               Aluminum and articles thereof.......................   0.877     110.7      112.2      16.0       1.7       3.0       3.5       1.4
82               Tools, implements, cutlery, spoons and
                        forks, of base metal; parts thereof..........   0.413     103.4      103.5       5.1       0.4       1.3       0.9       0.1
83               Miscellaneous articles of base metal................   0.461     106.8      106.8       5.1       0.3       0.6       1.9       0.0
      2/         Miscellaneous nonferrous metals and
                       articles, including scrap.....................   0.452     106.0      112.4      57.4       5.9       4.0      -0.7       6.0

XVI        MACHINERY, ELECTRICAL EQUIPMENT, TV
                 IMAGE & SOUND RECORDERS, PARTS, ETC.................  25.573      91.2       91.2      -1.5       0.1      -0.1      -0.5       0.0
84               Machinery and mechanical appliances; parts thereof..  13.228      91.4       91.3      -1.5       0.4      -0.1      -0.7      -0.1
85               Electrical machinery and equip, sound
                        and TV recorders & reproducers, parts........  12.345      91.0       91.1      -1.6      -0.3      -0.2      -0.3       0.1

XVII       VEHICLES, AIRCRAFT, VESSELS AND
                 ASSOCIATED TRANSPORT EQUIPMENT......................  16.132     102.6      102.6       1.6       0.1       0.1       0.2       0.0
87               Motor vehicles and their parts......................  14.673     102.2      102.2       1.6       0.1       0.1       0.2       0.0
88               Aircraft, spacecraft, and parts
                        thereof (200212=100).........................   1.335     102.4      102.5       1.5       0.1       0.0       0.3       0.1

XVIII      OPTICAL, PHOTO, MEASURING, MEDICAL &
                 MUSICAL INSTRUMENTS; & TIMEPIECES...................   3.373      99.5       99.2       0.1       0.1      -0.1      -0.3      -0.3
90               Optical, photographic, measuring and
                        medical instruments..........................   2.980      98.8       98.3      -0.1       0.0      -0.1      -0.2      -0.5
91               Clocks and watches and parts thereof................   0.282     106.9      106.4       0.7       0.5       0.2      -1.2      -0.5

XX         MISCELLANEOUS MANUFACTURED ARTICLES.......................   4.300      96.9       97.0      -0.4       0.0       0.3      -0.5       0.1
94               Furniture & stuffed furnishings; lamps &
                        lighting fittings, nesoi; prefab bldg........   2.299      99.3       99.3       1.4       0.1       0.4       0.7       0.0
95               Toys, games and sports equipment; parts
                        and accessories thereof......................   1.759      94.1       94.1      -3.0      -0.2       0.0      -1.8       0.0
96               Miscellaneous manufactured articles.................   0.242      98.2       98.3       1.1       0.5       0.3       0.1       0.1


     1   Relative importance figures are based on 2002 trade values.
     2   Product categories included in this group have been modified due to concordance or coverage limitations.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  6     U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
                May 2003-May 2004        2000=100, unless otherwise noted
                                                                                         Index                            Percent Change
                                                                      Relative
                                                                       Import-                         Annual             Monthly
Harmo-                                                                  ance                            May       Jan.      Feb.      March     April
nized                            Description                                                            2003      2004      2004      2004      2004
System                                                                  April     April      May         to        to        to        to        to
                                                                        2004      2004       2004       May       Feb.      March     April     May
                                                                         1/                             2004      2004      2004      2004      2004

I          LIVE ANIMALS; ANIMAL PRODUCTS.............................   1.964     120.6      121.0      17.0       1.3       1.4       0.7       0.3
03               Fish and crustaceans, molluscs and
                        other aquatic invertebrates..................   0.454     109.1      110.0       0.6       1.4       1.0       2.2       0.8
      2/         Other live animals and animal products..............   0.333     119.4      123.8      24.7      -1.4       4.4       9.1       3.7
II         VEGETABLE PRODUCTS........................................   5.006     150.8      152.3      29.4       3.6       6.1       5.2       1.0
08               Edible fruit and nuts; peel of citrus
                        fruit or melons..............................   0.648     102.7      104.7      12.2       4.0       3.5       0.8       1.9
10               Cereals.............................................   1.902     150.8      148.7      18.2       2.9       3.5       6.6      -1.4
12               Oilseeds and misc. grains, seeds,
                        fruits, plants, straw and fodder.............   1.846     185.2      186.9      48.6       2.1      11.5       7.7       0.9
III        ANIMAL OR VEGETABLE FATS AND OILS.........................   0.401     184.0      184.0      27.2      -5.7       2.5       1.7       0.0
IV         PREPARED FOODSTUFFS, BEVERAGES, AND
                     TOBACCO.........................................   2.788     112.7      113.2      11.1       0.9       1.3       1.7       0.4
20               Preparations of vegetables, fruit,
                        nuts, or other parts of plants...............   0.319     105.5      105.4       0.6      -0.4       0.0      -0.8      -0.1
21               Miscellaneous edible preparations...................   0.418     102.1      102.1       0.9       0.5       0.7       0.0       0.0
23               Residues and waste from the food
                        industries; prepared animal feed.............   0.759     150.0      152.5      38.9       2.6       4.5       5.9       1.7
      2/         Other prepared foods................................   0.842     107.1      107.0       4.1       0.4       0.1       0.9      -0.1

V          MINERAL PRODUCTS..........................................   2.726     124.3      132.7      29.1      -0.3       3.1       1.9       6.8
27               Mineral fuels, oils and residuals,
                        bituminous substances and mineral wax........   2.119     119.3      130.4      27.8      -0.9       3.0      -0.2       9.3

VI         PRODUCTS OF THE CHEMICAL OR ALLIED
                     INDUSTRIES......................................  10.786     107.4      107.6       5.2       0.8       0.8       0.8       0.2
28               Inorganic chemicals.................................   0.907     103.9      103.0       2.5       0.2       0.3       1.1      -0.9
29               Organic chemicals...................................   3.420     112.8      113.6       7.5       2.1       1.6       2.0       0.7
30               Pharmaceutical products.............................   1.997     105.0      105.0       2.4      -0.2       0.1       0.0       0.0
31               Fertilizers.........................................   0.450     137.7      133.2      12.0       2.8       6.1       2.9      -3.3
32               Tanning or dyeing extracts, dyes,
                        paints, varnish, putty, & inks...............   0.587      97.3       97.6      -1.3      -0.5       0.0      -0.3       0.3
33               Essential oils and resinoids;
                        perfumery, cosmetic or toilet................   0.695     107.3      107.2      12.6       0.3       0.2       0.1      -0.1
34               Soap; lubricants; waxes, polishing or
                        scouring products; candles, pastes...........   0.368     101.9      102.0       2.1      -0.7       0.0      -0.4       0.1
37               Photographic or cinematographic goods...............   0.428      98.9       98.8      -0.6       0.3      -0.1      -1.4      -0.1
38               Miscellaneous chemical products.....................   1.656     105.3      105.9       6.0       0.2      -0.1       0.6       0.6

VII        PLASTICS AND ARTICLES THEREOF; RUBBER
                     AND ARTICLES THEREOF............................   5.262     104.9      105.3       2.6       1.4       0.5       0.0       0.4
39               Plastics and articles thereof.......................   4.245     103.1      103.5       2.7       1.5       0.7      -0.1       0.4
40               Rubber and articles thereof.........................   1.017     111.6      111.6       1.7       0.5      -0.3       0.5       0.0

VIII       RAW HIDES, SKINS, LEATHER, FURSKINS,
                     TRAVEL GOODS, ETC...............................   0.505     109.6      107.7       2.8       0.5       0.4      -2.2      -1.7
41               Raw hides and skins (other than
                        furskins) and leather........................   0.455     106.2      104.1      -2.7       0.5      -2.7      -1.6      -2.0
IX         WOOD, WOOD CHARCOAL, CORK, STRAW,
                     BASKETWARE AND WICKERWORK.......................   0.846     103.8      104.4      11.9       2.6       1.8       1.1       0.6

X          WOODPULP, RECOVERED PAPER, AND
                 PAPER PRODUCTS......................................   2.852      97.8       98.2       3.9       0.3       0.2       1.5       0.4
47               Woodpulp and recovered paper........................   0.666      94.8       95.9      11.4       1.0       1.9       4.6       1.2
48               Paper and paperboard; articles of paper
                        pulp, paper or paperboard....................   1.541      95.8       96.3       2.3      -0.1       0.1       0.5       0.5
49               Printed material....................................   0.645     109.1      108.6       0.6       0.3      -0.9       0.1      -0.5

XI         TEXTILE AND TEXTILE ARTICLES..............................   2.926      99.6       99.5       1.6      -0.4       0.1      -1.1      -0.1
52               Cotton, including yarns and woven fabrics thereof...   0.800     100.7       99.9      13.8      -0.6      -0.2      -3.9      -0.8
61               Apparel & clothing knitted
                        or crocheted (200112=100)....................   0.494      95.1       95.1      -0.7       0.0       0.0       0.2       0.0
62               Apparel Articles & Accessories, not knitted.........   0.375      95.7       95.7       0.3       0.0       0.0       0.1       0.0
      2/         Other textile and textile articles (200112=100).....   1.256     105.3      105.7      -0.9      -0.4       0.3      -0.2       0.4

XIII       STONE, PLASTER, CEMENT, ASBESTOS,
                 CERAMICS, GLASS ETC.................................   0.796      98.5       98.2      -1.7       0.1       0.5      -0.8      -0.3
70               Glass and glassware.................................   0.478      95.2       94.7      -2.0       0.1      -0.1      -1.3      -0.5

XIV        PEARLS, STONES, PRECIOUS METALS,
                 IMITATION JEWELRY, AND COINS........................   2.307     104.4      103.9      18.9       0.9      -0.4       4.3      -0.5

XV         BASE METALS AND ARTICLES OF BASE METALS...................   4.830     118.3      118.8      18.8       3.9       3.7       1.6       0.4
72               Iron and steel......................................   1.127     150.4      151.2      49.4       6.9       7.3       3.4       0.5
73               Articles of iron or steel...........................   1.249     110.3      114.6       8.9       0.8       1.4       1.8       3.9
74               Copper and articles thereof.........................   0.427     128.5      119.8      31.4       7.3       9.4      -1.8      -6.8
76               Aluminum and articles thereof.......................   0.822     109.1      110.5      15.9       3.3       3.3       2.1       1.3
82               Tools, implements, cutlery, spoons and
                        forks, of base metal; parts thereof..........   0.401     101.6      101.6       0.8       0.0      -0.2       0.3       0.0
83               Miscellaneous articles of base metal................   0.457     109.0      107.0      -1.3       0.5       0.3       0.2      -1.8

XVI        MACHINERY, ELECTRICAL EQUIPMENT, TV
                 IMAGE AND SOUND RECORDERS, PARTS, ETC...............  33.731      95.3       95.3      -0.9       0.2       0.2       0.1       0.0
84               Machinery and mechanical appliances; parts thereof..  18.650     100.3      100.3       1.1       0.3       0.2       0.2       0.0
85               Electrical machinery and equipment
                        and parts and accessories thereof............  15.081      89.7       89.7      -3.4       0.3       0.2      -0.1       0.0

XVII       VEHICLES, AIRCRAFT, VESSELS AND
                 ASSOCIATED TRANSPORT EQUIPMENT......................  14.568     106.3      106.3       1.9       0.1       0.1       0.3       0.0
87               Motor vehicles and their parts......................   9.088     102.2      102.3       1.3       0.1       0.0       0.3       0.1

XVIII      OPTICAL, PHOTO, MEASURING, MEDICAL &
                 MUSICAL INSTRUMENTS; & TIMEPIECES...................   6.082     101.3      101.2       0.3       0.2       0.0      -0.2      -0.1

XX         MISCELLANEOUS MANUFACTURED ARTICLES.......................   1.475      99.1       99.1      -1.3       0.0       0.0      -0.4       0.0
94               Furniture; stuffed furnishings;
                        lamps and lighting fittings nesoi;...........   0.834     102.7      102.8       1.1       0.1       0.0       0.0       0.1
95               Toys, games and sports equipment; parts
                        and accessories thereof......................   0.493      94.8       94.7      -3.5      -0.3      -0.1      -1.3      -0.1


     1   Relative importance figures are based on 2002 trade values.
     2   Product categories included in this group have been modified due to concordance or coverage limitations.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  7     U.S. Import Price Indexes and Percent Changes by Locality of Origin
                May 2003-May 2004        2000=100, unless otherwise noted
                                                                          Index                           Percent Change

                                                                                        Annual            Monthly
                                                       Percentage                        May       Jan.     Feb.     March    April
                        Description                        of                            2003      2004     2004     2004     2004
                                                          U.S.    April      May         to        to       to       to       to
                                                        Imports   2004       2004        May       Feb.     March    April    May
                                                           1/                            2004      2004     2004     2004     2004

 2/ Industrialized Countries............................ 49.276   104.0      104.7        7.4       1.4      0.5      0.6      0.7
         Manufactured Goods............................. 45.418   102.7      102.9        6.0       1.3      0.7      0.6      0.2
         Nonmanufactured Goods..........................  3.591   123.7      131.7       21.9       1.5     -1.8      0.7      6.5


 3/ Other Countries..................................... 50.724    97.0       98.9        7.0       0.2      0.9      0.5      2.0
         Manufactured Goods............................. 43.453    96.1       97.0        2.0      -0.1      0.4      0.7      0.9
         Nonmanufactured Goods..........................  7.173   117.8      125.6       34.5       1.3      3.6     -0.2      6.6


    Canada.............................................. 17.463   110.7      112.5       10.5       2.7      0.6      0.6      1.6
         Manufactured Goods............................. 14.664   108.1      108.8        7.9       2.7      1.5      0.7      0.6
         Nonmanufactured Goods..........................  2.611   127.7      136.1       21.8       2.8     -4.0      1.3      6.6


 4/ European Union...................................... 18.739   108.3      108.3        6.4       0.8      0.6      0.8      0.0
         Manufactured Goods............................. 18.224   108.3      108.1        5.8       0.8      0.4      0.8     -0.2
         Nonmanufactured Goods..........................  0.458   128.9      137.7       30.8      -2.9      6.3      0.4      6.8


 5/ Latin America....................................... 17.761   107.9      110.0       11.7       0.2      1.6      0.9      1.9
         Manufactured Goods............................. 14.150   109.5      110.2        6.7       0.0      1.0      1.2      0.6
         Nonmanufactured Goods..........................  3.575   121.3      128.7       30.1       0.9      3.4      0.2      6.1


    Japan............................................... 10.651    95.1       95.3        1.4       0.1      0.1     -0.1      0.2


 6/ Asian Newly Industrialized Countries................  8.019    90.8       91.0       -0.3      -0.3     -0.1      0.6      0.2



    1   Percentage of trade figures are based on 2002 trade values.
    2   Defined according to the BEA definition for Industrialized Countries which includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa.
    3   Defined according to the BEA definition for Other Countries, which 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 Hong Kong, Singapore, South Korea and Taiwan.

    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. Import and Export Quarterly Price Indexes and Percent Changes for Selected Categories of Services
                March 2003-March 2004        2000 = 100, unless otherwise noted
                                                                            Index                             Percent Change

                                                                                           Annual             Quarterly
                                                           Trade                            March     March     June      Sept.     Dec.
                        Description                        (Mil.                            2003      2003      2003      2003      2003
                                                             of     December    March        to        to        to        to        to
                                                          Dollars)    2003      2004        March     June      Sept.     Dec.      March
                                                             1/                             2004      2003      2003      2003      2004


    IMPORT

      Air Freight.......................................    4168     114.9      117.1        6.3       1.2       4.8      -1.6       1.9
             Europe (200312=100)........................    1407     100.0      106.0       n.a.      n.a.      n.a.      n.a.       6.0
             Asia.......................................    2329     110.4      110.0        4.3      -1.4      10.8      -4.2      -0.4

    EXPORT

      Air Freight.......................................    2836      95.4       97.1        0.8      -1.1      -0.1       0.3       1.8


    1   Trade dollar values are based on 2000 trade values.

    NOTES:  Data may be revised one quarter after original publication.
            n.a.  Not available


Table  9     U.S. Import and Export Monthly Price Indexes and Percent Changes for Selected Categories of Services
                May 2003-May 2004        2000=100, unless otherwise noted
                                                                           Index                         Percent Change

                                                                                        Annual           Monthly
                                                          Trade                          May       Jan.     Feb.     March    April
                        Description                       (Mil.                          2003      2004     2004     2004     2004
                                                            of       April     May        to        to       to       to       to
                                                         Dollars)    2004      2004      May       Feb.     March    April    May
                                                            1/                           2004      2004     2004     2004     2004


    IMPORT

      Air Passenger Fares...............................   18253    111.2     112.2      -4.7     -2.7     -0.3      7.3      0.9
             Europe.....................................   11250    106.9     107.9      -8.2      0.1      0.5     10.7      0.9
             Asia.......................................    2626    102.5     104.0      -5.6     -6.6     -1.9      1.7      1.5
             Latin America / Caribbean..................    1916    111.2     112.5       7.6     -6.8      1.8      1.5      1.2

    EXPORT


      Air Passenger Fares...............................   20319    123.8     123.1       8.0     -3.5     -0.1      0.5     -0.6
             Europe.....................................    5394    147.8     144.9       6.7      0.7      1.5     -2.1     -2.0
             Asia.......................................    8936    107.2     109.9       7.2     -6.4     -0.4      0.1      2.5
             Latin America / Caribbean..................    3413    132.4     129.0      10.1     -5.8     -2.5      2.7     -2.6


    1   Trade dollar values are based on 2000 trade values.

    NOTES:  Data may be revised in each of the three months after original publication.
            n.a.  Not available


Table 10     U.S. Inbound and Outbound Quarterly Price Indexes and Percent Changes for Selected Categories of Services
                March 2003-March 2004        2000 = 100, unless otherwise noted
                                                                           Index                         Percent Change

                                                                                        Annual           Quarterly
                                                          Trade                          March     March    June     Sept.    Dec.
                        Description                       (Mil.                          2003      2003     2003     2003     2003
                                                            of     December   March       to       to       to       to       to
                                                         Dollars)    2003     2004       March     June     Sept.    Dec.     March
                                                            1/                           2004      2003     2003     2003     2004

    INBOUND

      Air Freight.......................................    7483    112.9     116.2       6.8      0.6      2.8      0.4      2.9
           Europe (200312=100)..........................    2466    100.0     107.0      n.a.     n.a.     n.a.     n.a.      7.0
           Asia.........................................    4180    107.1     107.2       3.5     -2.5      7.1     -1.0      0.1

      Ocean Liner Freight...............................   17817    117.8     118.9      26.5     23.5      0.1      1.4      0.9
           U.S. East Coast..............................    6938    110.6     114.6      14.6      8.4     -1.3      3.4      3.6
                 From Atlantic..........................    3022    113.1     121.6      16.7      1.2      0.0      7.3      7.5
                 From Pacific...........................    2817    109.6     110.8      21.6     21.1      0.0     -0.6      1.1
           U.S. West Coast..............................   10879    123.0     122.5      35.2     34.1      1.0      0.2     -0.4

    OUTBOUND

      Air Freight.......................................    5193     94.9      96.2      -1.0     -1.9      0.1     -0.6      1.4
           Europe (200312=100)..........................    1998    100.0     102.0      n.a.     n.a.     n.a.     n.a.      2.0
           Asia.........................................    2365     95.4      96.0      -1.6     -2.4      0.4     -0.3      0.6


    1   Trade dollar values are based on 2000 trade values.

    NOTES:  Data may be revised one quarter after original publication.
            n.a.  Not available


Table  11     U.S. Inbound and Outbound Monthly Price Indexes and Percent Changes for Selected Categories of Services
                 May 2003-May 2004        2000=100, unless otherwise noted
                                                                           Index                         Percent Change

                                                                                        Annual            Monthly
                                                          Trade                          May      Jan.     Feb.     March    April
                        Description                       (Mil.                          2003     2004     2004     2004     2004
                                                            of      April     May         to       to       to       to       to
                                                         Dollars)   2004      2004       May      Feb.     March    April    May
                                                            1/                           2004     2004     2004     2004     2004

    INBOUND


      Air Passenger Fares (200312=100)..................   38589    105.3     104.5      n.a.     -3.1      0.7      0.2     -0.8
           Europe (200312=100)..........................   15654    107.1     104.1      n.a.      0.5      1.6     -0.8     -2.8
           Asia (200312=100)............................   12401    104.4     107.3      n.a.     -6.5      1.4     -0.7      2.8
           Latin America / Caribbean (200312=100).......    5604    102.6     100.8      n.a.     -5.6     -2.5      1.4     -1.8
           Canada (200312=100)..........................    2905    103.8     101.9      n.a.     -1.0     -1.5      6.1     -1.8

      Crude Oil Tanker Freight..........................    3434     n.a.      n.a.      n.a.     18.4    -14.7     n.a.     n.a.

    OUTBOUND

      Air Passenger Fares (200312=100)..................   43898    106.5     106.7      n.a.     -1.2     -0.5      7.3      0.2
           Europe (200312=100)..........................   21857    112.9     113.8      n.a.      1.1     -0.1     11.6      0.8
           Asia (200312=100)............................    7190     99.5     100.1      n.a.     -4.7      0.2      5.2      0.6
           Latin America / Caribbean (200312=100).......    9206     99.7      99.2      n.a.     -2.3     -0.4      0.2     -0.5
           Canada (200312=100)..........................    2982    103.4     108.0      n.a.     -4.9      0.0      4.3      4.4


    1   Trade dollar values are based on 2000 trade values.

    NOTES:  Data may be revised in each of the three months after original publication.
            n.a.  Not available
                            
                            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.  The merchandise price
indexes are published using three classifications: the Harmonized
System (HS), the Bureau of Economic Analysis End Use System, and the
Standard International Trade Classification (SITC) system, Rev. 3.
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.).  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.

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.

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.

Services Price Indexes -- 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 trade dollar figures for services indexes
will not sum up to the aggregate dollar value because not all
categories are shown in the tables.  Fact sheets specifying detailed
information for each services industry are available at
http://www.bls.gov/mxp under "Publications and Other Documentation".

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 and quarterly data may be
revised one quarter after original publication.

Uses of the Data -- The primary use of the indexes is to deflate trade
statistics.  For merchandise trade, the End Use classification system
is the structure used by the U.S. Department of Commerce in the
construction of the foreign trade sector of the National Income and
Product Accounts.  Indexes published using the Harmonized System and
the Standard International Trade Classification, Rev. 3, both
international structures, are useful for general market analysis.  For
trade in international services, Balance of Payments indexes are used
for deflating National Accounts data, 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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