Transmission of material in this release is embargoed until 

8:30 a.m. (EDT) Thursday, July 12, 2012 

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

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

USDL-12-1381

U.S. IMPORT AND EXPORT PRICE INDEXES – JUNE 2012 

U.S. import prices fell 2.7 percent in June, the U.S. Bureau of Labor Statistics reported today, following a 

1.2 percent decrease in May. Lower prices for both fuel and nonfuel imports contributed to the overall 

decline. U.S. export prices fell 1.7 percent in June after a 0.4 percent drop the previous month. 

Chart 1. One-month percent change in the Import Price Index: June 2011– June 2012 

 Percent change 

-0.6

0.1

-0.4 -0.1

-0.4

0.7

0.0 0.0 0.0

1.4

-0.1

-1.2

-2.7

-4

-3

-2

-1

0

1

2

Jun'11 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun'12

Chart 2. 12-month percent change in the Import Price Index: June 2011– June 2012

 Percent change

13.6 13.7 12.9 12.7

11.1

10.1

8.5

6.9

5.1

3.5

0.8

-0.5

-2.6

-6

-4

-2

0

2

4

6

8

10

12

14

16

Jun'11 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun'12
 

All Imports: Import prices decreased 2.7 percent in June after declining 1.2 percent and 0.1 percent the 

previous two months. The June drop was the largest monthly decrease since the index fell 4.6 percent in 

December 2008. The price index for U.S. imports decreased 2.6 percent over the past 12 months, the largest 

year-over-year decline since the October 2008-09 period. In contrast, import prices rose 13.6 percent for the 

year ended June 2011. 

Fuel Imports: Fuel prices declined 10.1 percent in June after recording a 4.6 percent decrease in May and a 

0.8 percent drop in April. The June decline in import fuel prices was the largest one-month drop in the index 

since a 22.2 percent decrease in December 2008. In June, a 10.5 percent decline in petroleum prices more 

than offset a 7.4 percent increase in natural gas prices, the first advance for the index since a 3.6 percent rise 

in November. Fuel prices fell 12.0 percent for the year ended in June, as a 10.7 percent drop in petroleum 

prices and a 44.7 percent decrease in natural gas prices both contributed to the overall decline. 

All Imports Excluding Fuel: The price index for nonfuel imports also fell in June, decreasing 0.3 percent 

following a 0.1 percent drop the previous month. Each of the major end use categories recorded declines in 

June. Despite the declines in each of the past two months, nonfuel prices rose 0.6 percent over the past year. 

However, the June 2011-12 increase was the smallest 12-month gain for the index since a 0.3 percent 

advance between December 2008 and December 2009. 

Table A. Percent changes 

2
Chart 3. One-month percent change in the Export Price Index: June 2011– June 2012

 Percent change 

0.1

-0.4

0.4

0.5

-2.0

0.1

-0.5

0.3

0.5

0.8

0.4

-0.4

-1.7

-3

-2

-1

0

1

2

Jun'11 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun'12

Chart 4. 12-month percent change in the Export Price Index: June 2011– June 2012 

 Percent change

10.1 9.8 9.4 9.4

6.3

4.8

3.6 2.6

1.8

1.1 0.6

-0.2

-2.1

-4

-2

0

2

4

6

8

10

12

Jun'11 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun'12

All Exports: The price index for U.S. exports declined 1.7 percent in June, the largest monthly decline 

since the index fell 2.0 percent in October 2011. Falling prices for both agricultural and nonagricultural 

exports each contributed to the decline. U.S. export prices also fell overall for the June 2011-12 period, 

decreasing 2.1 percent. The decline over the past year was the largest 12-month drop since the index 

declined 3.6 percent between October 2008 and October 2009. 

Agricultural Exports: Agricultural prices fell 4.0 percent in June, the first monthly decrease since a 0.4 

percent decline in February, and the largest monthly drop since a 6.5 percent decrease in October 2011. The 

June decrease was driven by a 9.0 percent decline in soybean prices, an 8.3 percent fall in corn prices, and a 

14.3 percent drop in cotton prices. Overall agricultural prices also decreased for the year ended in June, 

declining 6.1 percent. 

All Exports Excluding Agriculture: Prices for nonagricultural exports fell for the second consecutive 

month in June, decreasing 1.4 percent after falling 0.6 percent in May. Declining prices for nonagricultural 

industrial supplies and materials prices, capital goods prices, and automotive vehicles prices more than 

offset rising consumer goods prices. Nonagricultural prices fell 1.6 percent over the past year, the first yearover-year drop since a 2.9 percent decrease from October 2008 to October 2009. 

 

3
4

SELECTED JUNE HIGHLIGHTS 

Import Prices 

Nonfuel Import Highlights: The overall decrease in nonfuel prices was led by a 1.3 percent decline in the 

price index for nonfuel industrial supplies and materials. A 3.5 percent drop in unfinished metals prices and 

a 0.8 percent decline in prices for chemicals were the main contributors to the drop in nonfuel industrial 

supplies and materials prices. The price indexes for each of the major finished goods categories also 

recorded declines in June; prices for capital goods fell 0.2 percent, while consumer goods prices and prices 

for automotive vehicles each edged down 0.1 percent. Prices for foods, feeds, and beverages decreased 1.0 

percent in June, led by lower prices for fruit and food oils. 

Imports by Locality of Origin: Prices from Canada, Mexico, and the European Union all decreased in 

June, led by lower fuel prices. The price index for imports from Canada fell 2.9 percent in June following 

declines of 0.5 percent and 1.4 percent the two previous months. Import prices from Mexico decreased 2.2 

percent in June after a 0.9 percent drop in May and a 0.3 percent decline in April, and prices for imports 

from the European Union declined for the second consecutive month in June, falling 0.7 percent after 

edging down 0.1 percent in May. In contrast, the price index for imports from Japan ticked up 0.1 percent in 

June, while import prices from China recorded no change. 

Transportation Services: Import air passenger fares rose 10.3 percent in June, the largest monthly advance 

for the index since a 13.0 percent increase in June 2009. While the current rise was led by a seasonal 

increase in European fares, up 20.0 percent in June, the index for overall air passenger fares advanced 8.6 

percent over the past 12 months. Import air freight prices also increased in June, rising 0.3 percent for the 

second consecutive month. Despite the recent increases, prices for import air freight fell 3.4 percent for the 

year ended in June. 

Export Prices 

 

Nonagricultural Export Highlights: A 3.8 percent drop in nonagricultural industrial supplies and materials 

prices led the decline in overall nonagricultural prices in June. The decrease was driven by an 8.6 percent 

decline in export fuel prices, although lower prices for nonferrous metals and chemicals were also 

contributing factors. Finished goods prices were mixed in June. The price indexes for capital goods and 

automotive vehicles each edged down 0.1 percent, while consumer goods prices rose 0.2 percent. 

 

Transportation Services: Export air passenger fares advanced 3.1 percent in June following a 2.9 percent 

increase the previous month. The June rise was driven by a 14.7 percent seasonal advance in European 

fares. Export air passenger fares rose over the past year, advancing 6.0 percent. Prices for export air freight 

fell 1.8 percent in June, the largest monthly decrease since a 3.0 percent decline in May 2009. The price 

index for export air freight increased 0.4 percent over the past 12 months. 

Announcement 

Beginning with the July Import-Export Price Indexes data release scheduled for August 10, 2012, existing 

import price indexes by locality of origin will be expanded to include price indexes for select industry areas. 

These new indexes will be available at http://www.bls.gov/web/ximpim/ippsloor.htm. In total, 249 indexes 

will be added across the various localities, including 31 new price indexes for imports from China, and 20 

new price indexes for imports from the European Union. 

 

Import and Export Price Index data for July 2012 are scheduled for release on Friday, August 10, 

2012 at 8:30 a.m. (EDT). 
Table 1. U.S. import price indexes and percent changes for selected categories of goods: June 2011 to June

2012

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

May

20121

Index Percent change

May

2012

June

2012

Annual Monthly

June

2011 to

June

2012

Feb.

2012 to

Mar.

2012

Mar.

2012 to

Apr. 2012

Apr. 2012

to May

2012

May

2012 to

June

2012

All commodities..................................... 100.000 142.4 138.5 -2.6 1.4 -0.1 -1.2 -2.7

All imports excluding food and fuels (Dec.

2010=100).......................................... 70.909 104.0 103.7 0.8 0.3 0.3 -0.1 -0.3

All imports excluding petroleum................ 76.838 116.6 116.2 -0.2 0.3 0.1 -0.2 -0.3

All imports excluding fuels (Dec. 2001=100)... 75.996 121.2 120.8 0.6 0.4 0.2 -0.1 -0.3

Foods, feeds, & beverages.................... 0 5.087 173.2 171.4 -1.9 1.8 0.1 -0.8 -1.0

Agricultural foods, feeds & beverages,

excluding distilled beverages............... 00 3.950 195.3 193.0 -2.0 2.2 0.1 -0.6 -1.2

Nonagricultural foods (fish, distilled

beverages).................................... 01 1.137 123.0 122.6 -1.5 0.3 0.2 -1.5 -0.3

Industrial supplies & materials................ 1 37.418 263.0 244.8 -8.0 3.4 -0.3 -3.0 -6.9

Industrial supplies & materials excluding

petroleum..................................... 14.256 167.3 165.6 -4.0 0.9 -0.1 -0.1 -1.0

Industrial supplies & materials excluding

fuels (Dec. 2001=100)....................... 13.414 194.1 191.5 -0.7 1.5 0.6 0.1 -1.3

Industrial supplies & materials, durable...... 7.832 180.2 176.9 -4.2 1.8 -1.1 -0.6 -1.8

Industrial supplies & materials nondurable

excluding petroleum......................... 5.582 152.2 152.1 -3.9 -0.2 1.2 0.6 -0.1

Fuels & lubricants............................... 10 24.005 351.1 315.8 -12.0 4.4 -0.8 -4.6 -10.1

Petroleum & petroleum products........... 100 23.163 396.8 355.1 -10.7 4.9 -0.5 -4.7 -10.5

Crude.......................................... 10000 17.702 412.5 371.9 -9.1 4.0 -1.2 -3.6 -9.8

Fuels, n.e.s.-coals & gas.................... 101 0.551 75.6 79.6 -40.3 -9.7 -11.9 -2.7 5.3

Gas-natural................................... 10110 0.444 61.0 65.5 -44.7 -12.9 -14.3 -3.3 7.4

Paper & paper base stocks................... 11 0.589 114.4 114.1 -4.4 1.4 -0.8 1.1 -0.3

Materials associated with nondurable

supplies & materials......................... 12 5.082 185.1 183.8 6.2 1.1 3.2 1.0 -0.7

Selected building materials.................... 13 1.012 137.2 138.8 7.3 1.8 0.5 1.6 1.2

Unfinished metals related to durable

goods.......................................... 14 3.703 273.5 263.8 -11.2 3.0 -2.2 -1.5 -3.5

Finished metals related to durable goods. .. 15 1.536 163.5 161.9 0.5 -0.2 0.1 -0.4 -1.0

Nonmetals related to durable goods......... 16 1.492 115.6 115.0 0.6 0.5 0.3 -0.2 -0.5

Capital goods..................................... 2 22.071 93.4 93.2 0.5 0.0 -0.1 0.0 -0.2

Electric generating equipment................ 20 2.858 119.1 118.6 1.3 0.2 0.3 -0.1 -0.4

Nonelectrical machinery....................... 21 17.577 86.4 86.3 -0.1 0.0 -0.2 0.0 -0.1

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................... 22 1.637 133.8 133.7 6.0 0.9 0.4 0.1 -0.1

Automotive vehicles, parts & engines....... 3 11.467 114.3 114.2 0.8 0.3 0.6 -0.1 -0.1

Consumer goods, excluding automotives... 4 23.957 107.7 107.6 1.7 0.0 0.2 -0.1 -0.1

Nondurables, manufactured................... 40 11.511 114.9 114.9 3.0 0.1 0.4 -0.1 0.0

Durables, manufactured....................... 41 11.150 99.8 99.7 0.0 0.1 -0.3 -0.1 -0.1

Nonmanufactured consumer goods.......... 42 1.297 119.7 119.5 6.9 -1.5 1.0 0.4 -0.2

1 Relative importance figures are based on 2010 trade values.

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

Dash = Not available

5
Table 2. U.S. export price indexes and percent changes for selected categories of goods: June 2011 to June

2012

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

May

20121

Index Percent change

May

2012

June

2012

Annual Monthly

June

2011 to

June

2012

Feb.

2012 to

Mar.

2012

Mar.

2012 to

Apr. 2012

Apr. 2012

to May

2012

May

2012 to

June

2012

All commodities..................................... 100.000 134.0 131.7 -2.1 0.8 0.4 -0.4 -1.7

Agricultural commodities......................... 11.114 212.5 204.0 -6.1 2.4 2.0 0.7 -4.0

All exports excluding food and fuels (Dec.

2010=100).......................................... 81.086 103.3 102.6 -0.8 0.4 0.0 -0.2 -0.7

Nonagricultural commodities.................... 88.888 128.4 126.6 -1.6 0.5 0.2 -0.6 -1.4

Foods, feeds, & beverages.................... 0 10.213 212.7 205.2 -2.6 2.7 2.3 0.9 -3.5

Agricultural foods, feeds & beverages,

excluding distilled beverages............... 00 9.503 215.7 207.4 -3.4 3.0 2.3 1.1 -3.8

Nonagricultural foods (fish, distilled

beverages).................................... 01 0.710 188.6 190.5 9.1 -0.3 2.8 -1.5 1.0

Industrial supplies & materials................ 1 34.463 185.7 178.5 -6.9 1.1 0.5 -1.8 -3.9

Industrial supplies & materials, durable...... 12.313 188.3 183.3 -3.7 1.1 -0.8 -0.6 -2.7

Industrial supplies & materials,

nondurable.................................... 22.150 185.0 176.7 -8.7 1.1 1.2 -2.5 -4.5

Agricultural industrial supplies & materials... 10 1.611 198.9 189.3 -19.4 -0.3 0.3 -1.5 -4.8

Nonagricultural industrial supplies &

materials........................................ 32.852 185.4 178.3 -6.2 1.2 0.5 -1.8 -3.8

Fuels & lubricants............................... 11 8.703 271.6 248.3 -12.6 2.5 1.7 -4.7 -8.6

Nonagricultural supplies & materials

excluding fuels & building materials. . . . . .. 12 23.215 175.0 171.2 -4.1 0.7 0.0 -0.7 -2.2

Selected building materials.................... 13 0.934 117.3 117.5 1.1 0.1 0.4 -0.3 0.2

Capital goods..................................... 2 34.439 106.0 105.9 1.2 0.2 0.0 0.1 -0.1

Electrical generating equipment.............. 20 3.531 114.0 114.0 0.4 0.4 0.0 0.8 0.0

Nonelectrical machinery....................... 21 24.961 95.3 95.2 1.1 0.1 0.0 0.0 -0.1

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................... 22 5.946 149.2 149.2 2.7 0.3 0.3 0.1 0.0

Automotive vehicles, parts & engines....... 3 8.196 113.1 113.0 2.4 0.2 0.4 0.1 -0.1

Consumer goods, excluding automotives... 4 12.691 116.7 116.9 0.5 0.1 -0.5 0.4 0.2

Nondurables, manufactured................... 40 5.889 114.9 114.8 0.6 0.2 -0.1 0.1 -0.1

Durables, manufactured....................... 41 5.374 115.1 114.9 2.0 0.3 -0.3 1.1 -0.2

1 Relative importance figures are based on 2010 trade values.

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

Dash = Not available

6
Table 3. U.S. import price indexes and percent changes for selected categories of goods: June 2011 to June

2012

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

May

20121

Index Percent change

May

2012

June

2012

Annual Monthly

June

2011 to

June

2012

Feb.

2012 to

Mar.

2012

Mar.

2012 to

Apr. 2012

Apr. 2012

to May

2012

May

2012 to

June

2012

Nonmanufactured articles........................ 20.754 173.0 157.0 -11.2 3.6 -1.4 -3.5 -9.2

Agriculture, forestry, fishing and hunting... 11 1.856 175.5 172.2 -4.1 3.5 2.1 -1.0 -1.9

Crop production................................. 111 1.323 183.0 178.4 -4.0 4.2 2.9 -0.8 -2.5

Mining.............................................. 21 18.898 172.4 155.2 -11.9 3.7 -1.7 -3.7 -10.0

Mining (except oil and gas) (Dec.

2006=100)..................................... 212 0.328 145.4 143.9 -7.1 1.2 -0.3 -0.2 -1.0

Manufactured articles.............................. 78.781 118.3 117.2 -0.2 0.8 0.3 -0.6 -0.9

Manufactured goods, part 1................... 31 10.843 125.9 125.4 2.9 0.2 0.6 -0.2 -0.4

Food manufacturing............................ 311 3.081 163.6 161.9 3.5 1.2 1.9 -0.6 -1.0

Beverage and tobacco product

manufacturing................................ 312 0.837 111.9 111.8 1.0 -0.3 -0.1 0.4 -0.1

Textile mills (Dec. 2011=100)................. 313 0.399 101.7 101.5 – 0.2 0.2 0.0 -0.2

Textile product mills............................ 314 0.870 117.1 117.1 0.6 -1.1 0.9 -0.3 0.0

Apparel manufacturing......................... 315 4.043 111.9 111.8 2.6 0.0 0.0 -0.2 -0.1

Leather and allied product manufacturing. .. 316 1.613 119.5 119.5 5.6 -0.1 0.1 0.2 0.0

Manufactured goods, part 2................... 32 17.882 139.9 135.6 -1.9 2.4 1.3 -2.0 -3.1

Wood product manufacturing................. 321 0.608 114.7 116.5 8.7 2.9 0.9 1.4 1.6

Paper manufacturing........................... 322 1.081 111.4 111.1 -1.8 1.0 -0.6 0.6 -0.3

Petroleum and coal products

manufacturing................................ 324 4.602 170.7 152.5 -13.2 7.2 2.2 -8.2 -10.7

Chemical manufacturing....................... 325 8.792 136.7 135.7 2.0 0.7 1.3 0.4 -0.7

Plastics and rubber products

manufacturing................................ 326 1.881 127.9 127.7 3.5 0.2 0.3 0.2 -0.2

Nonmetallic mineral product

manufacturing................................ 327 0.829 130.2 130.2 2.0 0.2 0.1 0.5 0.0

Manufactured goods, part 3................... 33 50.056 110.1 109.7 -0.4 0.4 -0.2 -0.2 -0.4

Primary metal manufacturing.................. 331 4.301 180.0 173.9 -9.2 2.8 -1.7 -1.5 -3.4

Fabricated metal product manufacturing. . .. 332 2.524 129.7 129.5 2.9 -0.1 0.0 0.0 -0.2

Machinery manufacturing...................... 333 5.587 121.4 121.2 2.4 0.2 0.2 0.2 -0.2

Computer and electronic product

manufacturing................................ 334 15.303 82.3 82.2 -1.8 -0.2 -0.5 -0.1 -0.1

Electrical equipment, appliance, and

component manufacturing.................. 335 3.802 118.4 118.3 2.5 0.2 0.3 0.0 -0.1

Transportation equipment manufacturing.... 336 12.128 111.4 111.3 1.2 0.5 0.5 -0.1 -0.1

Furniture and related product

manufacturing................................ 337 1.294 113.2 114.0 2.8 0.4 0.0 0.0 0.7

Miscellaneous manufacturing................. 339 5.117 122.4 122.5 1.2 0.0 0.2 -0.1 0.1

1 Relative importance figures are based on 2010 trade values.

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

Dash = Not available

7
Table 4. U.S. export price indexes and percent changes for selected categories of goods: June 2011 to June

2012

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

May

20121

Index Percent change

May

2012

June

2012

Annual Monthly

June

2011 to

June

2012

Feb.

2012 to

Mar.

2012

Mar.

2012 to

Apr. 2012

Apr. 2012

to May

2012

May

2012 to

June

2012

Nonmanufactured articles........................ 8.366 167.9 158.1 -14.1 0.7 1.5 0.3 -5.8

Agriculture, forestry, fishing and hunting... 11 6.422 202.3 190.1 -10.6 2.8 3.0 0.7 -6.0

Crop production................................. 111 6.003 210.5 196.8 -11.4 3.0 2.8 1.2 -6.5

Mining.............................................. 21 1.944 98.9 93.9 -23.6 -5.1 -2.9 -1.1 -5.1

Mining (except oil and gas).................... 212 1.379 122.4 119.4 -14.7 -5.5 -3.3 -2.2 -2.5

Manufactured articles.............................. 88.570 121.6 120.2 -0.3 0.7 0.3 -0.5 -1.2

Manufactured goods, part 1................... 31 7.145 147.6 146.7 1.7 1.3 0.8 0.6 -0.6

Food manufacturing............................ 311 4.992 169.2 167.8 4.3 1.5 1.2 0.8 -0.8

Beverage and tobacco product

manufacturing................................ 312 0.565 119.8 119.2 0.3 2.6 0.3 0.6 -0.5

Apparel manufacturing......................... 315 0.416 119.9 121.7 6.8 0.0 0.1 0.0 1.5

Manufactured goods, part 2................... 32 26.644 135.8 131.9 -2.7 1.3 1.2 -1.8 -2.9

Wood product manufacturing................. 321 0.403 114.9 114.4 -0.6 -0.5 1.1 -0.3 -0.4

Paper manufacturing........................... 322 1.810 118.3 118.9 -5.3 -0.2 0.9 -1.2 0.5

Petroleum and coal products

manufacturing................................ 324 6.412 173.9 158.4 -9.7 4.2 3.1 -5.3 -8.9

Chemical manufacturing....................... 325 15.092 133.0 131.1 -1.0 0.7 0.7 -0.8 -1.4

Plastics and rubber products

manufacturing................................ 326 2.180 118.0 117.8 5.6 0.2 0.6 0.2 -0.2

Nonmetallic mineral product

manufacturing................................ 327 0.747 111.4 112.2 1.6 0.4 -0.3 0.0 0.7

Manufactured goods, part 3................... 33 54.781 113.6 113.2 0.7 0.4 -0.2 0.1 -0.4

Primary metal manufacturing.................. 331 4.839 174.4 169.2 -5.6 2.4 -1.8 -1.1 -3.0

Fabricated metal product manufacturing. . .. 332 2.608 129.7 129.7 1.8 0.7 0.4 0.0 0.0

Machinery manufacturing...................... 333 11.026 120.5 120.6 2.8 0.3 0.2 0.1 0.1

Computer and electronic product

manufacturing................................ 334 14.370 90.3 90.0 0.4 0.0 -0.3 0.1 -0.3

Electrical equipment, appliance, and

component manufacturing.................. 335 3.197 112.6 112.6 -0.3 0.4 0.2 0.4 0.0

Transportation equipment manufacturing.... 336 13.336 116.9 116.9 2.4 0.3 0.3 0.1 0.0

Furniture and related product manufacturing

(Dec. 2011=100)............................. 337 0.295 102.6 103.0 – 0.2 0.9 0.0 0.4

Miscellaneous manufacturing................. 339 5.111 122.1 122.5 -0.6 -0.1 -0.9 0.9 0.3

1 Relative importance figures are based on 2010 trade values.

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

Dash = Not available

8
Table 5. U.S. import price indexes and percent changes for selected categories of goods: June 2011 to June

2012

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

May

20121

Index Percent change

May

2012

June

2012

Annual Monthly

June

2011 to

June

2012

Feb.

2012 to

Mar.

2012

Mar.

2012 to

Apr. 2012

Apr. 2012

to May

2012

May

2012 to

June

2012

Live animals; animal products................... I 1.146 165.3 165.5 -1.3 1.3 -1.2 -1.8 0.1

Meat and edible meat offal....................... 02 0.263 212.1 215.2 2.6 2.0 -4.6 0.0 1.5

Fish and crustaceans, molluscs and other

aquatic invertebrates........................... 03 0.596 119.2 117.8 -7.1 0.4 -0.4 -2.5 -1.2

Vegetable products................................ II 1.760 225.7 220.5 4.7 4.5 6.2 -1.1 -2.3

Edible vegetables, roots, and tubers............ 07 0.318 319.9 319.2 6.5 18.9 8.1 -0.1 -0.2

Edible fruit and nuts; peel of citrus fruit or

melons........................................... 08 0.482 122.4 117.6 -5.6 7.2 0.1 -4.2 -3.9

Coffee, tea, mate and spices.................... 09 0.414 271.5 266.7 -8.5 -6.2 1.0 -1.8 -1.8

Animal or vegetable fats and oils (Dec.

2009=100).......................................... III 0.265 136.7 125.7 -19.9 2.1 0.9 0.6 -8.0

Prepared foodstuffs, beverages, and

tobacco............................................ IV 2.358 157.6 157.0 0.1 -0.1 -0.3 0.1 -0.4

Cocoa and cocoa preparations (Dec.

2009=100)....................................... 18 0.182 85.4 84.4 -14.7 1.3 -1.6 -1.4 -1.2

Preparations of cereals, flour, starch or milk;

bakers’ wares (Dec. 2007=100).............. 19 0.224 126.2 125.8 -2.4 0.2 0.1 0.1 -0.3

Preparations of vegetables, fruit, nuts, or other

parts of plants................................... 20 0.346 172.7 168.7 5.2 -0.7 -0.7 -0.6 -2.3

Beverages, spirits, and vinegar.................. 22 0.792 122.5 122.2 1.5 -0.5 -0.2 0.6 -0.2

Mineral products.................................... V 23.711 353.1 319.1 -11.4 4.3 -0.8 -4.4 -9.6

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............... 27 23.404 349.4 315.3 -11.5 4.4 -0.8 -4.5 -9.8

Products of the chemical or allied

industries.......................................... VI 8.281 151.4 150.9 2.7 0.3 1.4 0.8 -0.3

Inorganic chemicals............................... 28 0.913 370.4 384.1 0.8 -4.5 3.5 5.3 3.7

Organic chemicals................................. 29 2.447 140.3 138.1 1.0 1.8 0.4 -0.3 -1.6

Pharmaceutical products......................... 30 3.006 117.5 117.4 4.9 0.3 1.6 0.1 -0.1

Fertilizers (Dec. 2009=100)...................... 31 0.505 160.6 156.7 12.7 1.2 5.8 7.1 -2.4

Tanning extracts; dye, pigments, varnish,

paints & putty (Dec. 2011=100)............... 32 0.184 106.9 106.5 – 0.6 3.8 -0.2 -0.4

Essential oils and resinoids (Dec.

2001=100)....................................... 33 0.409 124.4 124.3 -0.7 0.7 0.5 -0.7 -0.1

Miscellaneous chemical products............... 38 0.474 103.7 102.4 -5.0 0.4 -0.1 0.0 -1.3

Plastics and articles thereof; rubber and

articles thereof................................... VII 3.094 153.6 153.1 0.9 0.3 0.5 -0.1 -0.3

Plastics and articles thereof...................... 39 1.873 144.5 144.4 2.1 0.4 0.4 0.1 -0.1

Rubber and articles thereof...................... 40 1.221 171.1 169.7 -1.0 0.2 0.8 -0.3 -0.8

Raw hides, skins, leather, furskins, travel

goods, etc......................................... VIII 0.583 126.7 127.0 5.0 -0.2 -0.2 0.5 0.2

Articles of leather; travel goods, bags, etc. of

various materials................................ 42 0.536 127.5 127.8 5.4 -0.2 -0.1 0.5 0.2

Wood, wood charcoal, cork, straw,

basketware and wickerwork................... IX 0.640 138.9 140.9 8.7 3.1 0.9 1.4 1.4

Woodpulp, recovered paper, and paper

products........................................... X 1.184 114.1 114.0 -1.6 0.6 -0.4 0.5 -0.1

Pulp wood, waste paper, and paperboard

(Dec. 2011=100)................................ 47 0.183 103.5 103.9 – 5.0 -1.6 4.2 0.4

Paper and paperboard; articles of paper pulp,

paper or paperboard........................... 48 0.789 108.5 108.1 -0.6 -0.1 -0.2 -0.2 -0.4

Textile and textile articles........................ XI 5.177 115.5 115.4 2.2 -0.3 0.2 -0.3 -0.1

Articles of apparel and clothing accessories,

knitted or crocheted............................ 61 2.000 106.1 105.7 -0.5 -0.2 0.1 -0.6 -0.4

See footnotes at end of table.

9
Table 5. U.S. import price indexes and percent changes for selected categories of goods: June 2011 to June

2012 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

May

20121

Index Percent change

May

2012

June

2012

Annual Monthly

June

2011 to

June

2012

Feb.

2012 to

Mar.

2012

Mar.

2012 to

Apr. 2012

Apr. 2012

to May

2012

May

2012 to

June

2012

Articles of apparel and clothing accessories,

not knitted or crocheted........................ 62 1.905 118.1 118.2 6.7 0.1 0.0 0.0 0.1

Made-up or worn textile articles................. 63 0.631 109.9 109.9 -0.6 -1.8 0.5 -0.5 0.0

Headgear, umbrellas, artifical flowers, etc.. .. XII 1.320 118.6 118.5 5.1 0.1 0.1 0.1 -0.1

Footwear and parts of such articles............ 64 1.122 117.6 117.5 5.1 0.1 0.1 0.1 -0.1

Stone, plaster, cement, asbestos, ceramics,

glass etc........................................... XIII 0.749 132.0 132.1 2.6 0.3 -0.1 0.5 0.1

Articles of stone, plaster, cement, asbestos, or

mica (Dec. 2001=100)......................... 68 0.239 124.7 125.4 3.2 0.2 -0.1 0.2 0.6

Ceramic products.................................. 69 0.225 142.1 142.1 0.7 0.6 0.0 0.0 0.0

Glass and glassware.............................. 70 0.285 127.6 127.0 3.3 0.1 0.0 1.0 -0.5

Pearls, stones, precious metals, imitation

jewelry, and coins............................... XIV 3.294 204.4 199.2 0.6 2.5 -1.9 -1.4 -2.5

Base metals and articles of base metals. . . . .. XV 4.891 191.9 188.7 -5.7 0.7 -0.1 -0.5 -1.7

Iron and steel...................................... 72 1.137 247.7 242.7 -7.9 0.2 0.4 0.4 -2.0

Articles of iron or steel............................ 73 1.409 161.9 160.8 0.4 0.4 0.2 -0.2 -0.7

Copper and articles thereof...................... 74 0.462 364.3 349.2 -11.0 1.4 -1.7 -1.4 -4.1

Nickel and articles thereof (Dec. 2009=100). .. 75 0.134 104.4 101.2 -24.2 6.1 -6.4 -5.5 -3.1

Aluminum and articles thereof................... 76 0.706 140.6 137.5 -12.4 1.1 0.4 -1.8 -2.2

Tools, implements, cutlery, spoons and forks,

of base metal; parts thereof................... 82 0.360 128.5 127.9 3.9 -0.2 0.7 0.6 -0.5

Miscellaneous articles of base metal........... 83 0.405 135.1 135.1 3.5 -0.2 1.6 0.2 0.0

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............... XVI 24.533 85.9 85.7 -0.1 -0.1 -0.2 0.0 -0.2

Machinery and mechanical appliances; parts

thereof............................................ 84 12.370 89.9 89.9 1.5 0.0 0.0 0.1 0.0

Electrical machinery and equip, sound and TV

recorders & reproducers, parts............... 85 12.163 82.0 81.8 -1.6 -0.1 -0.5 -0.2 -0.2

Vehicles, aircraft, vessels and associated

transport equipment............................. XVII 10.125 115.7 115.6 0.8 0.5 0.5 -0.1 -0.1

Motor vehicles and their parts................... 87 9.334 114.8 114.6 0.6 0.4 0.4 0.0 -0.2

Aircraft, spacecraft, and parts thereof (Dec.

2002=100)....................................... 88 0.697 118.0 118.0 2.2 1.6 0.0 0.1 0.0

Optical, photo, measuring, medical & musical

instruments; & timepieces..................... XVIII 3.182 104.4 104.4 -0.6 0.2 0.2 -0.1 0.0

Optical, photographic, measuring and medical

instruments...................................... 90 2.932 101.9 101.9 -0.7 0.2 0.2 -0.2 0.0

Clocks and watches and parts thereof. . . . . . . .. 91 0.190 128.2 128.1 0.2 0.2 0.0 0.0 -0.1

Miscellaneous manufactured articles. . . . . ..... XX 3.652 112.3 112.8 2.5 0.4 0.0 0.1 0.4

Furniture & stuffed furnishings; lamps &

lighting fittings, nesoi; prefab bldgs........... 94 1.945 116.0 116.4 2.6 0.5 0.0 0.0 0.3

Toys, games and sports equipment; parts and

accessories thereof............................. 95 1.510 105.3 105.4 2.3 0.1 0.1 0.3 0.1

Miscellaneous manufactured articles........... 96 0.197 133.3 137.1 3.1 0.0 0.1 0.0 2.9

1 Relative importance figures are based on 2010 trade values.

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

Dash = Not available

10
Table 6. U.S. export price indexes and percent changes for selected categories of goods: June 2011 to June

2012

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

May

20121

Index Percent change

May

2012

June

2012

Annual Monthly

June

2011 to

June

2012

Feb.

2012 to

Mar.

2012

Mar.

2012 to

Apr. 2012

Apr. 2012

to May

2012

May

2012 to

June

2012

Live animals; animal products................... I 1.885 202.8 203.4 4.7 -0.9 0.9 -1.0 0.3

Meat & edible meat offal (Dec. 2006=100). . .. 02 1.099 167.9 166.5 4.5 -0.3 -0.8 0.3 -0.8

Fish and crustaceans, molluscs and other

aquatic invertebrates........................... 03 0.409 206.7 208.2 11.1 -1.6 4.3 -0.9 0.7

Vegetable products................................ II 5.964 254.9 241.1 -5.9 3.8 3.0 1.9 -5.4

Edible fruit and nuts; peel of citrus fruit or

melons........................................... 08 0.855 137.9 138.1 5.0 4.2 2.2 0.4 0.1

Cereals.............................................. 10 2.148 280.6 264.3 -17.2 2.0 0.6 -2.1 -5.8

Oilseeds and misc. grains, seeds, fruits,

plants, straw and fodder....................... 12 2.327 290.1 267.6 -0.1 7.1 6.1 4.4 -7.8

Animal or vegetable fats and oils (Dec.

2009=100).......................................... III 0.501 157.8 148.3 -8.0 4.3 2.0 2.0 -6.0

Prepared foodstuffs, beverages,and

tobacco............................................ IV 2.715 158.0 156.5 3.0 2.5 1.2 1.2 -0.9

Preparations of vegetables, fruit, nuts or other

parts of plants (Dec. 2009=100).............. 20 0.321 111.0 111.0 3.4 0.3 0.3 0.4 0.0

Beverages, spirits, and vinegar (Dec.

2008=100)....................................... 22 0.400 110.1 110.2 5.0 2.7 0.3 0.3 0.1

Residues and waste from the food industries;

prepared animal feed........................... 23 0.818 236.7 232.5 -0.9 4.9 3.8 4.9 -1.8

Mineral products.................................... V 8.692 320.7 295.4 -12.2 2.5 2.1 -4.9 -7.9

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............... 27 8.070 316.8 290.6 -12.8 2.7 2.3 -5.3 -8.3

Products of the chemical or allied

industries.......................................... VI 12.179 155.0 154.4 0.3 0.2 -0.1 -0.2 -0.4

Inorganic chemicals............................... 28 0.990 183.8 180.9 -7.4 -0.5 0.1 -0.5 -1.6

Organic chemicals................................. 29 3.451 168.8 166.7 -1.1 0.5 -0.1 -0.8 -1.2

Pharmaceutical products......................... 30 3.138 124.5 124.0 -1.0 0.2 -0.3 0.1 -0.4

Essential oils and resinoids; perfumery

cosmetic or toilet preparations................ 33 0.757 136.1 137.1 4.5 0.4 0.2 0.1 0.7

Soap; lubricants; waxes, polishing or scouring

products; candles, pastes..................... 34 0.464 123.2 123.2 0.3 -0.1 0.2 0.1 0.0

Miscellaneous chemical products............... 38 1.753 152.9 151.9 0.8 0.6 -0.2 -0.1 -0.7

Plastics and articles thereof; rubber and

articles thereof................................... VII 5.576 152.8 149.0 -1.6 0.8 1.8 -0.5 -2.5

Plastics and articles thereof...................... 39 4.458 142.8 139.8 -1.9 0.4 1.6 -0.5 -2.1

Rubber and articles thereof...................... 40 1.118 200.3 192.5 -0.4 2.8 2.6 -0.9 -3.9

Raw hides, skins, leather, furskins, travel

goods, etc......................................... VIII 0.377 133.8 130.0 -5.4 3.1 2.1 0.9 -2.8

Wood, wood charcoal, cork, straw,

basketware and wickerwork................... IX 0.537 109.3 109.7 0.3 -0.3 2.4 -0.6 0.4

Woodpulp, recovered paper, and paper

products........................................... X 2.307 118.1 117.6 -7.5 0.3 0.8 -0.8 -0.4

Woodpulp and recovered paper................. 47 0.642 126.9 125.3 -18.0 1.4 0.2 -0.2 -1.3

Paper and paperboard; articles of paper pulp,

paper or paperboard........................... 48 1.215 116.6 116.5 -3.2 0.0 1.0 -1.4 -0.1

Printed material.................................... 49 0.450 120.4 120.3 1.9 0.0 0.7 0.1 -0.1

Textile and textile articles........................ XI 1.938 128.9 124.7 -16.1 -1.4 -0.1 -1.7 -3.3

Cotton, including yarns and woven fabrics

thereof............................................ 52 0.618 148.5 132.0 -42.5 -4.9 -1.2 -5.4 -11.1

Stone, plaster, cement, asbestos, ceramics,

glass etc. (Dec. 2008=100)..................... XIII 0.738 117.7 117.7 1.6 0.5 -0.1 0.0 0.0

Glass and glassware.............................. 70 0.398 98.5 98.4 -1.0 0.2 -0.3 0.0 -0.1

See footnotes at end of table.

11
Table 6. U.S. export price indexes and percent changes for selected categories of goods: June 2011 to June

2012 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

May

20121

Index Percent change

May

2012

June

2012

Annual Monthly

June

2011 to

June

2012

Feb.

2012 to

Mar.

2012

Mar.

2012 to

Apr. 2012

Apr. 2012

to May

2012

May

2012 to

June

2012

Pearls, stones, precious metals, imitation

jewelry, and coins............................... XIV 5.249 280.7 277.0 -0.4 1.7 -3.1 -0.9 -1.3

Base metals and articles of base metals. . . . .. XV 5.640 178.9 172.9 -7.6 0.4 -0.2 -0.2 -3.4

Iron and steel...................................... 72 1.772 225.9 211.6 -13.5 -0.8 -0.6 0.7 -6.3

Articles of iron or steel............................ 73 1.357 173.7 172.9 1.4 1.1 0.3 -0.1 -0.5

Copper and articles thereof...................... 74 0.677 261.4 242.4 -12.9 2.1 -0.3 -1.7 -7.3

Aluminum and articles thereof................... 76 0.830 127.8 124.5 -10.5 0.2 0.1 -0.9 -2.6

Tools, implements, cutlery, spoons and forks,

of base metal; parts thereof................... 82 0.374 129.2 129.2 2.8 0.0 0.0 0.0 0.0

Miscellaneous articles of base metal........... 83 0.319 138.0 138.0 1.8 1.0 0.0 0.0 0.0

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............... XVI 27.536 97.4 97.3 0.9 0.1 0.0 0.1 -0.1

Machinery and mechanical appliances; parts

thereof............................................ 84 15.962 110.5 110.6 1.7 0.2 0.1 -0.1 0.1

Electrical machinery and equipment and parts

and accessories thereof....................... 85 11.574 83.1 82.9 -0.1 0.1 -0.2 0.2 -0.2

Vehicles, aircraft, vessels and associated

transport equipment............................. XVII 10.910 126.9 126.9 2.7 0.2 0.3 0.2 0.0

Motor vehicles and their parts................... 87 7.217 113.2 113.2 3.2 0.2 0.3 0.1 0.0

Optical, photo, measuring, medical & musical

instruments; & timepieces..................... XVIII 5.770 106.1 105.8 0.5 0.1 0.2 0.5 -0.3

Miscellaneous manufactured articles. . . . . ..... XX 1.339 110.4 110.5 0.5 0.0 1.3 0.0 0.1

Furniture; stuffed furnishings; lamps and

lighting fittings nesoi;........................... 94 0.691 119.9 120.1 0.8 0.1 0.3 0.0 0.2

Toys, games and sports equipment; parts and

accessories thereof............................. 95 0.516 91.2 91.2 -1.6 0.1 0.0 0.0 0.0

1 Relative importance figures are based on 2010 trade values.

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

Dash = Not available

12
Table 7. U.S. import price indexes and percent changes by locality of origin: June 2011 to June 2012

[2000=100, unless otherwise noted]

Description

Percent of

U.S.

imports1

Index Percent change

May

2012

June

2012

Annual Monthly

June 2011

to June

2012

Feb. 2012

to Mar.

2012

Mar. 2012

to Apr.

2012

Apr. 2012

to May

2012

May 2012

to June

2012

Industrialized Countries2

..................... 38.296 132.2 130.1 -2.8 0.5 -0.8 0.3 -1.6

Nonmanufactured articles.................... 4.447 214.3 197.7 -21.5 -3.6 -5.2 -1.6 -7.7

Manufactured articles......................... 33.487 125.4 124.4 0.2 1.2 -0.2 0.6 -0.8

Other Countries3

............................... 61.704 143.2 138.4 -2.0 1.7 0.1 -1.3 -3.4

Nonmanufactured articles.................... 12.907 374.4 336.8 -8.3 5.4 -0.4 -3.6 -10.0

Manufactured articles......................... 48.593 111.9 110.9 0.3 0.4 0.3 -0.5 -0.9

Canada............................................ 14.414 150.8 146.4 -8.3 -0.6 -1.4 -0.5 -2.9

Nonmanufactured articles.................... 4.027 201.1 185.7 -23.2 -4.3 -5.4 -2.0 -7.7

Manufactured articles......................... 10.122 141.1 139.8 -1.5 1.0 0.3 0.1 -0.9

European Union4

............................... 15.813 136.2 135.2 -0.5 1.0 0.0 -0.1 -0.7

Nonmanufactured articles.................... 0.262 403.4 370.4 0.8 2.8 0.0 0.0 -8.2

Manufactured articles......................... 15.467 132.3 131.5 -0.6 0.9 0.0 -0.1 -0.6

France (Dec. 2003=100)....................... 1.736 121.4 120.9 0.8 0.4 0.0 0.0 -0.4

Germany (Dec. 2003=100)..................... 4.265 114.8 114.4 -1.3 0.8 -0.1 -0.2 -0.3

United Kingdom (Dec. 2003=100)........... 2.397 134.6 132.2 -2.2 1.3 0.0 -1.5 -1.8

Latin America5

.................................. 19.049 182.1 174.9 -3.6 1.8 -0.5 -1.3 -4.0

Nonmanufactured articles.................... 5.633 398.9 363.3 -7.2 4.3 -1.4 -3.4 -8.9

Manufactured articles......................... 13.328 135.0 133.6 -1.8 0.2 0.1 -0.1 -1.0

Mexico (Dec. 2003=100)....................... 12.091 147.6 144.4 -3.1 1.2 -0.3 -0.9 -2.2

Nonmanufactured articles (Dec.

2008=100)................................... 2.017 213.8 195.8 -6.5 5.5 -1.4 -4.0 -8.4

Manufactured articles (Dec. 2008=100). . .. 10.028 95.3 95.0 -2.2 -0.1 0.0 -0.1 -0.3

Pacific Rim (Dec. 2003=100)6

................ 34.659 104.6 104.5 -0.1 -0.1 -0.1 -0.1 -0.1

China (Dec. 2003=100)......................... 19.583 105.0 105.0 1.3 -0.1 -0.4 0.0 0.0

Japan.............................................. 6.349 102.5 102.6 1.1 -0.1 0.0 0.1 0.1

Asian NICs7

..................................... 5.471 90.7 90.8 -1.7 -0.1 0.3 -0.1 0.1

ASEAN (Dec. 2003=100)8

..................... 5.652 106.0 105.1 0.6 0.5 0.0 -0.2 -0.8

Asia Near East (Dec. 2003=100)9........... 3.948 301.2 277.2 1.2 4.6 2.0 1.2 -8.0

1 Percentage of trade figures are based on 2010 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.

Dash = Not available

13
Table 8. U.S. international price indexes and percent changes for selected transportation services: June 2011

to June 2012

[2000=100, unless otherwise noted]

Description

Relative

importance

May

20121

Index Percent change

May

2012

June

2012

Annual Monthly

June 2011

to June

2012

Feb. 2012

to Mar.

2012

Mar. 2012

to Apr.

2012

Apr. 2012

to May

2012

May 2012

to June

2012

Air Freight

Import Air Freight..................................... 100.000 177.5 178.1 -3.4 2.6 1.9 0.3 0.3

Europe (Dec. 2003=100)............................ 24.177 165.3 159.9 -5.0 3.0 -1.9 1.2 -3.3

Asia.................................................... 71.372 157.8 160.3 -3.0 2.6 3.4 0.1 1.6

Export Air Freight..................................... 100.000 150.7 148.0 0.4 1.5 0.9 0.3 -1.8

Europe (Dec. 2006=100)............................ 36.156 136.0 133.5 0.2 1.5 1.1 0.2 -1.8

Inbound Air Freight................................... 100.000 161.5 161.4 -1.8 2.1 1.4 0.2 -0.1

Europe (Dec. 2003=100)............................ 25.034 150.2 144.6 -5.3 2.7 -0.3 0.7 -3.7

Asia.................................................... 63.576 145.2 147.3 -0.7 2.2 2.3 0.1 1.4

Outbound Air Freight................................. 100.000 150.2 148.6 4.6 1.2 2.5 0.2 -1.1

Europe (Dec. 2003=100)............................ 30.489 166.6 163.8 3.3 1.2 0.2 0.5 -1.7

Asia.................................................... 49.935 143.5 142.5 5.9 1.4 4.6 0.0 -0.7

Air Passenger Fares

Import Air Passenger Fares......................... 100.000 181.1 199.8 8.6 -1.0 0.7 0.6 10.3

Europe................................................. 38.496 185.3 222.3 7.9 -2.4 3.8 -1.2 20.0

Asia.................................................... 27.361 157.8 169.3 5.9 -6.6 0.8 6.1 7.3

Latin America/Caribbean............................ 11.792 171.0 173.9 3.8 0.3 2.1 -6.0 1.7

Export Air Passenger Fares......................... 100.000 191.8 197.8 6.0 -0.8 0.7 2.9 3.1

Europe................................................. 26.914 221.0 253.5 4.8 -4.7 7.7 -1.8 14.7

Asia.................................................... 29.168 179.2 177.3 8.7 3.0 0.7 6.6 -1.1

Latin America/Caribbean............................ 22.356 207.8 212.3 15.7 -0.9 -7.7 -4.7 2.2

1 Relative importance figures are based on 2010 trade values.

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

Dash = Not available

14
TECHNICAL NOTE

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

formula and are not seasonally adjusted. Price indexes 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 by end use according to the Bureau of Economic 

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

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

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

classifying items by industry. In the NAICS imports and exports tables, items are classified by output 

industry, not input industry. As an example, NAICS import index 326 (plastics and rubber products 

manufacturing) 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 (Producer Price 

Index) 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 -- Starting in September 2008 the Import Air Passenger Fares Indexes represent 

changes in the average revenue per passenger received by foreign carriers from U.S. residents and are 

calculated from data obtained from an airline consulting service. These data include tickets sold by 

travel agencies and travel websites. Tickets sold directly by the airlines are excluded, as are frequent 

flyer tickets generally. Starting in January 2008 the Export Air Passenger Fares Indexes represent 

changes in the average revenue per passenger received by U.S. carriers from foreign residents and are 

calculated from data collected directly from airlines. These data include frequent flyer tickets and those 

sold by consolidators. Taxes and fees are included in the Import Air Passenger Fares Index and excluded 

from the Export Air Passenger Fares Index. The Air Freight Indexes are calculated from data collected 

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

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

transportation or port service. The Air Freight Indexes are presented using two definitions: Balance of 

Payments (which represent transactions between U.S. and foreign residents) and International (which 

represent transactions inbound to and outbound from the U.S.). Fact sheets specifying detailed 

information for each services industry are available at http://www.bls.gov/mxp under "MXP 

Publications."

15
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 to compute price elasticities, and the merchandise import 

indexes by country or region of origin are useful in terms of trade analysis. 

E-Mail Subscription -- The U.S. Import and Export Price Indexes news release is available through an 

e-mail subscription service at (http://www.bls.gov/bls/list.htm). 

 

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

page at (http://www.bls.gov/mxp). Flat Files and the FTP server are available for users requiring access 

to either a large volume of time series data or other related documentation. The FTP site can be accessed 

at ftp://ftp.bls.gov. For technical assistance in using the BLS Internet site, send e-mail to 

(labstat.helpdesk@bls.gov). For Import/Export Price Index data requests, send e-mail to 

(mxpinfo@bls.gov). 

Information from this release will be made available to sensory impaired individuals upon request. 

Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339. 

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