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                     U.S. IMPORT AND EXPORT PRICE INDEXES
                               - JANUARY 2007 -


     The U.S. Import Price Index decreased 1.2 percent in January, the 
Bureau of Labor Statistics of the U.S. Department of Labor reported today.  
The decline followed a 1.1 percent rise in December and was led by a 7.3 
percent downturn in petroleum prices.  Export prices rose 0.3 percent in 
January, after increasing 0.7 percent the previous month.   
        
              Percent changes in import and export price indexes
                             by End Use category
                          -not seasonally adjusted-


                           IMPORTS                       EXPORTS

     Month                             Non-                Agri-     Nonagri-
                    All    Petroleum petroleum    All     cultural   cultural
                  Imports   Imports   Imports   Exports   Exports    Exports

2006
January             1.2       5.8       0.3       0.7       0.6        0.7
February           -0.8      -1.0      -0.7       0.1      -0.7        0.2
March              -0.1       0.6      -0.3       0.2      -0.1        0.2
April               2.1      11.3       0.1       0.7      -0.4        0.7
May                 1.8       6.4       0.7       0.7       0.6        0.7
June                0.1      -1.1       0.4       0.7       2.6        0.6
July                0.8       3.6       0.0       0.4       1.9        0.2
August              0.5       1.0       0.5       0.4       0.9        0.5
September          -2.2     -11.0       0.1      -0.4      -0.5       -0.4
October            -2.5 r   -10.4 r    -0.6      -0.3       1.0 r     -0.5 r
November            0.5      -1.7 r     1.0 r     0.4       4.4        0.2 r
December            1.1 r     4.6 r     0.5 r     0.7 r     2.4 r      0.5 r

2007
January            -1.2      -7.3       0.0       0.3       0.7        0.3

January 2005-06     8.7      47.4       2.4       2.7       4.8        2.6
January 2006-07     0.1      -7.3       1.6       4.1      13.5        3.3

r = revised to reflect late reports and corrections by respondents.


Import Goods
        
     Import prices fell 1.2 percent in January after increases of 1.1 percent 
and 0.5 percent, respectively, in December and November.  A 7.3 percent 
decrease in petroleum prices drove the overall January drop, as petroleum 
prices resumed a recent downward pattern after increasing 4.6 percent in 
December.  Nonpetroleum prices were unchanged in January after a 0.5 
percent advance the previous month.  Prices for nonpetroleum imports rose 1.6 
percent over the 12 months ended in January.  
        
     Changes in prices for nonpetroleum imports were highlighted by a 
turnaround in the index for nonpetroleum industrial supplies and materials 
prices, which declined 1.0 percent.  The January decrease followed increases 
of 1.7 percent and 4.1 percent, respectively, in December and November.  The 
drop in nonpetroleum industrial supplies and materials prices was driven by a 
downturn in natural gas prices.  In the previous two months, natural gas prices 
had led the advance in nonpetroleum industrial supplies and materials prices.  
Capital goods prices edged down 0.1 percent, declining for the first time since 
a 0.1 percent decrease in April 2006.
        
     In contrast, the price index for consumer goods rose 0.3 percent.  The 
increase in consumer goods prices was driven by higher prices for medicinal, 
dental, and pharmaceutical preparatory materials.  The price indexes for foods, 
feeds, and beverages and for automotive vehicles also increased in January, 
advancing 1.5 percent and 0.1 percent, respectively.  A 4.9 percent increase in 
vegetables prices led the January rise in foods, feeds, and beverages prices.  In 
December, the index for foods, feeds, and beverages had increased 0.7 percent.  
The modest increase in prices for automotive vehicles in January followed a 
0.1 percent drop in December. 


Export Goods 

     Export prices increased 0.3 percent in January as higher prices for both 
agricultural and nonagricultural exports contributed to the rise.  The advance in 
the prices for overall exports followed increases of 0.7 percent and 0.4 percent, 
respectively, in December and November.  For the year ended in January, 
export prices rose 4.1 percent.  The 0.7 percent increase in agricultural prices 
was led by higher prices for vegetables and meat, which more than offset lower 
prices for corn, wheat, and soybeans.  Agricultural prices rose 13.5 percent 
over the past 12 months.  Nonagricultural prices also increased in January, 
rising 0.3 percent.       
        
     A 0.3 percent advance in nonagricultural industrial supplies and 
materials prices led the January increase in nonagricultural prices.  Metals 
prices continued to rise in January.  However, prices for fuels and lubricants, 
up over the past 12 months, fell in January.  For the year ended in January, 
nonagricultural industrial supplies and materials prices rose 8.4 percent.
        
     Prices for each of the major finished goods areas also increased in 
January.  The price index for capital goods, which makes up about 40 percent 
of overall exports, rose 0.2 percent for the month and 0.9 percent over the past 
year.  Automotive vehicles prices increased 0.2 percent for the second 
consecutive month.  Prices for automotive vehicles rose 1.5 percent for the 
year ended in January.  The price index for consumer goods advanced 0.8 
percent for the month and 2.4 percent for the January 2006-2007 period.


Imports by Locality of Origin 
   
     Import prices from Japan ticked up 0.1 percent in January, the first 
increase since a 0.2 percent rise in June 2006.  Prices of imports from Japan 
decreased 0.4 percent over the past 12 months.  For the second consecutive 
month, import prices from China recorded no change.  Over the past year, 
prices of imports from China declined 0.8 percent.
        
     Prices for imports from Canada and Mexico decreased in January, led 
by lower petroleum prices.  Import prices from Canada declined 1.6 percent for 
the month after advances of 1.9 percent and 2.6 percent, respectively, in 
December and November.  Prices for imports from Canada fell 2.3 percent for 
the January 2006-2007 period.  Import prices from Mexico decreased 0.4 
percent for the month.  Despite the January decline, prices of imports from 
Mexico increased 2.0 percent over the past 12 months.
        
     In contrast, prices of imports from the European Union rose in January, 
increasing 0.5 percent.  Import prices from the European Union advanced 4.4 
percent for the year ended in January.
        
        
Import and Export Services

     Import air passenger fares fell 2.1 percent in January after increasing 3.3 
percent in December.  In January, the decrease was led by a 9.9 percent drop in 
Asian fares.  Despite declines in five of the past six months, import air 
passenger fares increased 7.0 percent over the past 12 months.  Export air 
passenger fares increased 3.3 percent in January, following a 0.9 percent 
upturn in December.  The index rose 6.9 percent over the past year.  
   
     Prices for import air freight rose 0.8 percent in January following a 1.0 
percent increase the previous month.  Higher air freight prices from both 
Europe and Asia, up 2.6 percent and 0.2 percent, respectively, contributed to 
the increase.  Import air freight prices rose 4.3 percent for the year ended in 
January.  The price index for export air freight increased 1.5 percent in January 
and rose 6.0 percent over the past 12 months.  


CONTENTS OF RELEASE

This news release includes the following tables:

Table 1    U.S. Import Price Indexes, by End Use
Table 2    U.S. Export Price Indexes, by End Use
Table 3    U.S. Import Price Indexes, by NAICS
Table 4    U.S. Export Price Indexes, by NAICS
Table 5    U.S. Import Price Indexes, by Harmonized System
Table 6    U.S. Export Price Indexes, by Harmonized System
Table 7    U.S. Import Price Indexes, by Locality of Origin
Table 8    U.S. International Price Indexes for Selected Transportation Services
-------------------------------------------------------------------
Import and Export Price Index data for February 2007 are scheduled for release on March 14 at 
8:30 A.M. (E.D.T.).  


Table  1     U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
                  January 2006-January 2007               2000=100, unless otherwise noted
                                                                                    Index                     Percent Change
                                                                   Relative
                                                                    Import-                      Annual         Monthly
                                                                     ance                         Jan.    Sept.   Oct.    Nov.    Dec.
 END                            Description                                                       2006    2006    2006    2006    2006
 USE                                                               December  December   January    to      to      to      to      to
                                                                     2006      2006      2007     Jan.    Oct.    Nov.    Dec.    Jan.
                                                                      1/                          2007    2006    2006    2006    2007

         ALL COMMODITIES.......................................... 100.000    115.2      113.8     0.1    -2.5     0.5     1.1    -1.2
         ALL IMPORTS EXCLUDING PETROLEUM..........................  83.007    105.7      105.7     1.6    -0.6     1.0     0.5     0.0
         ALL IMPORTS EXCLUDING FUELS
                (Dec. 2001=100)...................................  80.440    108.1      108.4     2.8    -0.1     0.2     0.2     0.3

0          FOODS, FEEDS, & BEVERAGES..............................   4.332    122.5      124.3     4.3     0.2     0.4     0.7     1.5

00               Agricultural foods, feeds & beverages,
                        excluding distilled beverages.............   3.299    133.6      135.4     4.4     0.4     0.9     1.1     1.3

01               Nonagricultural foods (fish, distilled beverages)   1.033     97.7       99.4     3.8    -0.6    -1.1    -0.4     1.7

1          INDUSTRIAL SUPPLIES & MATERIALS........................  34.928    167.3      160.5    -2.0    -6.9     1.2     3.1    -4.1
              INDUSTRIAL SUPPLIES & MATERIALS
                    EXCLUDING PETROLEUM...........................  17.934    138.7      137.3     3.1    -3.0     4.1     1.7    -1.0
              INDUSTRIAL SUPPLIES & MATERIALS
                    EXCLUDING FUELS (Dec. 2001=100)...............  15.367    144.9      145.5    10.1    -0.8     0.6     0.3     0.4
              INDUSTRIAL SUPPLIES & MATERIALS,
                    DURABLE.......................................   9.937    139.4      139.8    12.9    -1.4     0.7     0.5     0.3
              INDUSTRIAL SUPPLIES & MATERIALS,
                    NONDURABLE EXCLUDING PETROLEUM................   7.997    136.8      133.4    -7.2    -5.1     8.9     3.0    -2.5

10               Fuels & lubricants...............................  19.561    205.5      190.0   -10.3   -11.1     1.6     5.2    -7.5
100                  Petroleum & petroleum products...............  16.994    208.2      192.9    -7.3   -10.4    -1.7     4.6    -7.3
10000                        Crude................................  11.954    209.7      192.5    -7.4   -10.1    -2.2     5.2    -8.2
101                  Fuels, n.e.s.-coals & gas....................   2.246    190.1      168.9   -32.9   -21.4    38.6    10.2   -11.2
10110                        Gas-natural..........................   2.081    187.5      165.0   -35.2   -23.0    43.2    11.3   -12.0

11               Paper & paper base stocks........................   0.876    112.9      111.7     4.7    -0.1     0.2    -0.3    -1.1

12               Materials associated with nondurable
                        supplies & materials......................   4.638    123.2      124.3     5.1     0.2     0.8     0.1     0.9

13               Selected building materials......................   1.924    110.5      111.4    -6.0    -3.2    -1.2    -0.3     0.8

14               Unfinished metals related to durable goods.......   4.514    195.8      198.0    31.3    -1.0     0.6     1.1     1.1

15               Finished metals related to durable goods.........   1.775    130.8      128.0     7.8    -1.7     2.9     0.7    -2.1

16               Nonmetals related to durable goods...............   1.640    101.5      101.4     0.5     0.2     0.1    -0.1    -0.1

2          CAPITAL GOODS..........................................  22.352     91.5       91.4     0.3     0.0     0.1     0.1    -0.1

20               Electric generating equipment....................   2.672    103.1      104.0     4.2    -0.1     0.4     0.1     0.9

21               Nonelectrical machinery..........................  17.998     87.9       87.6    -0.6     0.0     0.1     0.0    -0.3

22               Transportation equipment excluding
                        motor vehicles (Dec. 2001=100)............   1.682    109.3      110.6     3.7     0.6     0.2     0.1     1.2

3          AUTOMOTIVE VEHICLES, PARTS & ENGINES...................  14.201    104.2      104.3     0.9     0.2     0.0    -0.1     0.1

4          CONSUMER GOODS, EXCLUDING
                  AUTOMOTIVES.....................................  24.188    101.0      101.3     1.5     0.1     0.1     0.3     0.3

40               Nondurables, manufactured........................  11.131    103.4      104.1     1.0    -0.1     0.2     0.3     0.7

41               Durables, manufactured...........................  11.860     98.3       98.2     2.0     0.2     0.1     0.2    -0.1

42               Nonmanufactured consumer goods...................   1.197    101.8      102.3     0.7     1.3    -0.1     0.1     0.5


     1   Relative importance figures are based on 2005 trade values.

     NOTES:  Data may be revised in each of the three months after original publication.
             n.a.  Not available


Table  2     U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
                  January 2006-January 2007               2000=100, unless otherwise noted
                                                                                       Index                     Percent Change
                                                                      Relative
                                                                       Import-                      Annual         Monthly
                                                                        ance                         Jan.    Sept.   Oct.    Nov.    Dec.
 END                             Description                                                         2006    2006    2006    2006    2006
 USE                                                                  December  December   January    to      to      to      to      to
                                                                        2006      2006      2007     Jan.    Oct.    Nov.    Dec.    Jan.
                                                                         1/                          2007    2006    2006    2006    2007

         ALL COMMODITIES............................................. 100.000    112.7      113.0     4.1    -0.3     0.4     0.7     0.3
         AGRICULTURAL COMMODITIES....................................   8.108    137.2      138.1    13.5     1.0     4.4     2.4     0.7
         NONAGRICULTURAL COMMODITIES.................................  91.891    110.9      111.2     3.3    -0.5     0.2     0.5     0.3

0          FOODS, FEEDS, & BEVERAGES.................................   7.408    138.6      138.8    13.0     1.1     4.3     2.1     0.1

00               Agricultural foods, feeds & beverages,
                        excluding distilled beverages................   6.730    140.3      140.5    14.4     1.4     5.0     2.1     0.1

01               Nonagricultural foods (fish, distilled beverages)...   0.678    124.0      124.5     1.5    -1.2    -1.7     1.3     0.4

1          INDUSTRIAL SUPPLIES & MATERIALS...........................  29.254    140.3      140.9     8.5    -1.6     0.5     1.7     0.4
              INDUSTRIAL SUPPLIES & MATERIALS,
                    DURABLE..........................................  11.476    150.1      152.9    16.3    -1.0     0.8     2.3     1.9
              INDUSTRIAL SUPPLIES & MATERIALS,
                    NONDURABLE.......................................  17.778    135.2      134.5     4.2    -2.0     0.4     1.3    -0.5

10               Agricultural industrial supplies & materials........   1.378    123.9      128.3     9.8    -0.3     1.9     3.2     3.6

           NONAGRICULTURAL INDUSTRIAL SUPPLIES
                        & MATERIALS..................................  27.875    141.4      141.8     8.4    -1.6     0.5     1.5     0.3

11               Fuels & lubricants..................................   4.387    191.0      184.0     7.0    -7.1     2.8     4.7    -3.7

12               Nonagricultural supplies & materials
                        excluding fuels & building materials.........  22.366    136.8      138.3     8.9    -0.6     0.0     1.0     1.1

13               Selected building materials.........................   1.122    111.5      111.5     4.0     0.5     0.0     0.9     0.0

2          CAPITAL GOODS.............................................  40.034     98.8       99.0     0.9     0.2     0.1     0.0     0.2

20               Electrical generating equipment.....................   3.776    106.3      105.7     1.9     0.8     0.1     0.3    -0.6

21               Nonelectrical machinery.............................  29.124     92.6       92.6    -0.2     0.1    -0.1     0.0     0.0

22               Transportation equipment excluding
                        motor vehicles (Dec. 2001=100)...............   7.134    119.2      120.5     4.8     0.3     0.5     0.4     1.1

3          AUTOMOTIVE VEHICLES, PARTS & ENGINES......................  10.710    105.5      105.7     1.5     0.1     0.0     0.2     0.2

4          CONSUMER GOODS, EXCLUDING
                  AUTOMOTIVES........................................  12.594    104.0      104.8     2.4    -0.1     0.0     0.1     0.8

40               Nondurables, manufactured...........................   5.954    104.1      105.1     2.7    -0.2     0.2     0.3     1.0

41               Durables, manufactured..............................   5.548    102.8      103.1     1.6    -0.1    -0.2     0.0     0.3


     1   Relative importance figures are based on 2005 trade values.

     NOTES:  Data may be revised in each of the three months after original publication.
             n.a.  Not available


Table  3     U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
                  January 2006-January 2007          December 2005=100, unless otherwise noted
                                                                                         Index                     Percent Change
                                                                        Relative
                                                                         Import-                      Annual         Monthly
                                                                          ance                         Jan.    Sept.   Oct.    Nov.    Dec.
NAICS                             Description                                                          2006    2006    2006    2006    2006
                                                                        December  December   January    to      to      to      to      to
                                                                          2006      2006      2007     Jan.    Oct.    Nov.    Dec.    Jan.
                                                                           1/                          2007    2006    2006    2006    2007

         Nonmanufactured Articles......................................  16.450    101.9       94.2   -10.5   -10.5     1.7     5.3    -7.6

11               AGRICULTURE AND LIVESTOCK PRODUCTS....................   1.493    107.8      110.7     6.4    -0.8     0.7     1.9     2.7
111                  Agricultural products.............................   1.040    108.2      111.8     6.5     0.1     2.1     3.6     3.3

21               OIL, GAS, MINERALS AND ORES...........................  14.957    101.4       92.7   -12.0   -11.4     1.8     5.6    -8.6
212                  Minerals and ores (Dec. 2006=100).................   0.408    100.0      101.9    n.a.    n.a.    n.a.    n.a.     1.9

         Manufactured Articles.........................................  82.974    103.2      103.3     2.8    -0.7     0.3     0.4     0.1

31               MANUFACTURED GOODS, PART 1............................  10.445    101.4      101.9     1.6     0.1     0.1     0.0     0.5
311                  Food and kindred products.........................   2.380    103.9      105.7     4.4     0.2     0.4     0.2     1.7
312                  Beverages and tobacco products....................   0.828    102.1      102.2     2.2     0.3     0.0     0.0     0.1
313                  Textiles and fabrics..............................   0.505    103.7      104.1     4.6     0.3     0.0     0.1     0.4
314                  Textile mill products.............................   0.802    100.5      100.5     0.3    -0.1    -0.1     0.0     0.0
315                  Apparel and accessories...........................   4.410     99.9       99.9    -0.2    -0.1     0.1    -0.1     0.0
316                  Leather and allied products.......................   1.521    101.1      101.3     1.3     0.1     0.0     0.1     0.2

32               MANUFACTURED GOODS, PART 2............................  17.545    102.6      102.2     0.9    -2.8     0.4     1.2    -0.4
321                  Wood products.....................................   1.232     89.9       90.7   -11.1    -4.8    -1.5    -0.1     0.9
322                  Paper.............................................   1.420    105.3      104.2     3.5    -0.1     0.1    -0.1    -1.0
324                  Petroleum and coal products.......................   4.053     98.8       94.2    -8.3   -10.4     0.1     3.0    -4.7
325                  Chemicals.........................................   7.870    106.1      107.7     6.7     0.4     1.0     1.0     1.5
326                  Plastics and rubber products......................   1.743    103.5      103.3     3.1     0.1     0.1     0.1    -0.2
327                  Nonmetallic mineral products......................   1.119    103.3      104.4     4.4    -0.1    -0.2     0.0     1.1

33               MANUFACTURED GOODS, PART 3............................  54.984    103.8      103.9     3.6     0.0     0.3     0.2     0.1
331                  Primary metals....................................   5.417    137.6      138.3    34.3    -1.8     2.3     1.3     0.5
332                  Fabricated metal products, nesoi..................   2.572    105.6      106.3     4.9    -0.1     0.5     0.4     0.7
333                  Machinery, except electrical......................   6.771    103.0      103.9     3.2     0.2     0.0     0.4     0.9
334                  Computer and electronic products..................  15.044     97.5       96.6    -3.0     0.0     0.0    -0.1    -0.9
335                  Electrical equipment, appliances, and components..   3.703    103.7      104.9     4.3     0.1     0.2     0.2     1.2
336                  Transportation equipment..........................  14.949    100.7      100.9     1.0     0.3    -0.1     0.0     0.2
337                  Furniture and fixtures............................   1.511    100.7      100.9     0.8     0.0     0.1     0.0     0.2
339                  Miscellaneous manufactured commodities............   5.017    105.3      105.3     5.2     0.7     0.3     0.2     0.0


     1   Relative importance figures are based on 2005 trade values.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  4     U.S. Export Price Indexes and Percent Changes for Selected Categories of Goods
                  January 2006-January 2007          December 2005=100, unless otherwise noted
                                                                                         Index                     Percent Change
                                                                        Relative
                                                                         Import-                      Annual         Monthly
                                                                          ance                         Jan.    Sept.   Oct.    Nov.    Dec.
NAICS                             Description                                                          2006    2006    2006    2006    2006
                                                                        December  December   January    to      to      to      to      to
                                                                          2006      2006      2007     Jan.    Oct.    Nov.    Dec.    Jan.
                                                                           1/                          2007    2006    2006    2006    2007

         Nonmanufactured Articles......................................   6.169    113.4      111.6     7.8    -0.9    10.1     2.3    -1.6

11               AGRICULTURE AND LIVESTOCK PRODUCTS....................   4.443    118.5      118.2    16.3     1.9     7.6     2.7    -0.3
111                  Agricultural products.............................   4.032    120.0      119.7    17.7     2.2     8.5     2.9    -0.2

21               OIL, GAS, MINERALS AND ORES...........................   1.726    102.2       97.0   -10.0    -7.9    17.3     1.0    -5.1
211                  Oil and gas.......................................   0.608    103.7       88.8   -17.5   -24.1    62.7     0.7   -14.4
212                  Minerals and ores.................................   1.118    101.6      101.5    -5.9    -1.5     3.7     1.2    -0.1

         Manufactured Articles.........................................  90.951    103.1      103.3     2.8    -0.3    -0.1     0.4     0.2

31               MANUFACTURED GOODS, PART 1............................   6.565    103.6      105.2     5.4     0.3     0.2     1.1     1.5
311                  Food and kindred products.........................   3.947    106.7      109.3     9.7     0.0     0.6     1.7     2.4
312                  Beverages and tobacco products....................   0.485     99.3      100.2     0.6    -0.3    -0.5    -0.1     0.9
313                  Textiles and fabrics..............................   0.986     98.2       98.1    -1.6     1.1     0.2     0.0    -0.1
315                  Apparel and accessories...........................   0.568    100.1      100.1     0.1     0.0     0.0     0.0     0.0

32               MANUFACTURED GOODS, PART 2............................  22.409    105.3      105.3     4.3    -1.2    -0.6     0.9     0.0
321                  Wood products.....................................   0.556    106.1      105.8     5.8     0.1     0.6     1.3    -0.3
322                  Paper.............................................   2.125    107.7      107.6     6.3     0.5     0.0     0.0    -0.1
324                  Petroleum and coal products.......................   2.398    112.2      107.0     1.0    -8.7     0.4     6.8    -4.6
325                  Chemicals.........................................  14.021    104.3      105.0     4.6    -0.6    -1.0     0.2     0.7
326                  Plastics and rubber products......................   2.347    103.3      103.8     2.9     0.4    -0.2    -0.1     0.5
327                  Nonmetallic mineral products......................   0.856    104.2      104.6     4.4    -0.1     0.2     1.5     0.4

33               MANUFACTURED GOODS, PART 3............................  61.976    102.2      102.4     2.0    -0.1     0.1     0.1     0.2
331                  Primary metals....................................   4.111    118.5      117.4    14.9    -2.2     0.4     0.5    -0.9
332                  Fabricated metal products, nesoi..................   2.759    107.4      108.0     5.9     0.3     0.2     0.2     0.6
333                  Machinery, except electrical......................  12.206    102.9      103.8     3.2     0.2     0.2     0.1     0.9
334                  Computer and electronic products..................  17.719     97.3       96.7    -3.3    -0.2    -0.3    -0.2    -0.6
335                  Electrical equipment, appliances, and components..   3.631    102.6      102.9     2.9     0.7     0.1     0.3     0.3
336                  Transportation equipment..........................  16.715    102.8      103.3     2.8     0.2     0.2     0.3     0.5
339                  Miscellaneous manufactured commodities............   4.491    102.1      103.1     3.1     0.2    -0.2    -0.2     1.0


     1   Relative importance figures are based on 2005 trade values.

     NOTES:   Data may be revised in each of the three months after original publication.
              n.a.  Not available


Table  5     U.S. Import Price Indexes and Percent Changes for Selected Categories of Goods
                  January 2006-January 2007               2000=100, unless otherwise noted
                                                                                       Index                     Percent Change
                                                                      Relative
                                                                       Import-                      Annual         Monthly
Harmo-                                                                  ance                         Jan.    Sept.   Oct.    Nov.    Dec.
nized                            Description                                                         2006    2006    2006    2006    2006
System                                                                December  December   January    to      to      to      to      to
                                                                        2006      2006      2007     Jan.    Oct.    Nov.    Dec.    Jan.
                                                                         1/                          2007    2006    2006    2006    2007

I          LIVE ANIMALS; ANIMAL PRODUCTS.............................   1.150    118.6      119.5     4.5    -0.2    -0.8    -1.0     0.8
02               Meat and edible meat offal..........................   0.311    141.5      141.6     3.2     1.4     0.6    -1.2     0.1
03               Fish and crustaceans, molluscs and
                        other aquatic invertebrates..................   0.581     95.3       97.6     6.9    -0.9    -1.9    -0.9     2.4

II         VEGETABLE PRODUCTS........................................   1.177    127.4      130.3     5.3     0.9     2.2     3.3     2.3
07               Edible vegetables, roots, and tubers................   0.317    180.0      194.7     5.1     1.9    -0.2     9.6     8.2
08               Edible fruit and nuts; peel of citrus
                        fruit or melons..............................   0.353     89.9       88.5     7.5    -1.0     0.9     2.6    -1.6
09               Coffee, tea, mate and spices........................   0.244    137.5      138.8     8.4     2.4     4.0     1.3     0.9

IV         PREPARED FOODSTUFFS, BEVERAGES, AND
                     TOBACCO.........................................   2.050    119.8      121.2     3.8     0.0     0.3     0.3     1.2
20               Preparations of vegetables, fruit,
                        nuts, or other parts of plants...............   0.268    119.7      120.0     6.2     0.2     0.8     0.8     0.3
22               Beverages, spirits, and vinegar.....................   0.798    110.3      110.4     2.7    -0.5     0.2     0.0     0.1

V          MINERAL PRODUCTS..........................................  19.431    204.1      188.7   -10.7   -11.1     1.5     5.1    -7.5
27               Mineral fuels, oils and residuals,
                        bituminous substances and mineral wax........  19.044    203.4      187.7   -11.0   -11.3     1.6     5.2    -7.7

VI         PRODUCTS OF THE CHEMICAL OR ALLIED
                     INDUSTRIES......................................   7.149    118.9      121.0     6.8     0.8     0.9     1.2     1.8
28               Inorganic chemicals.................................   0.828    179.7      190.5    26.9     3.8     3.7     4.5     6.0
29               Organic chemicals...................................   2.665    122.2      123.5     8.6     1.1     1.3     1.2     1.1
30               Pharmaceutical products.............................   2.018    106.1      108.5    -0.2    -0.5     0.0     0.7     2.3
32               Tanning & dyeing extracts; dye &
                        pigments; varnish & paints; putty............   0.182    101.7      102.1     1.3     0.0     0.2     0.1     0.4
33               Essential oils and resinoids (Dec. 2001=100)........   0.415    110.6      110.2     3.1     1.4    -0.4     0.2    -0.4
38               Miscellaneous chemical products.....................   0.429     94.8       94.9     3.0     0.4    -0.5     0.2     0.1

VII        PLASTICS AND ARTICLES THEREOF; RUBBER
                     AND ARTICLES THEREOF............................   2.975    120.1      119.8     1.8    -0.5    -0.3    -0.8    -0.2
39               Plastics and articles thereof.......................   1.939    118.0      117.0    -0.8    -0.3    -0.3    -0.8    -0.8
40               Rubber and articles thereof.........................   1.036    124.2      125.5     6.9    -0.9    -0.3    -0.9     1.0

VIII       RAW HIDES, SKINS, LEATHER, FURSKINS,
                     TRAVEL GOODS, ETC...............................   0.606    105.5      105.4     1.5     0.1    -0.1    -0.2    -0.1
42               Articles of leather; travel goods, bags,
                        etc. of various materials....................   0.526    105.5      105.3     1.6     0.0    -0.1    -0.2    -0.2

IX         WOOD, WOOD CHARCOAL, CORK, STRAW,
                     BASKETWARE AND WICKERWORK.......................   1.301    110.8      111.6    -9.9    -4.8    -1.6    -0.1     0.7

X          WOODPULP, RECOVERED PAPER, AND
                 PAPER PRODUCTS......................................   1.607    109.1      108.4     3.2    -0.4     0.0    -0.1    -0.6
48               Paper and paperboard; articles of paper
                        pulp, paper or paperboard....................   1.107    106.1      104.8     0.5    -0.5    -0.2    -0.1    -1.2
49               Printed matter......................................   0.281    114.6      114.7     1.8     0.2    -0.2    -0.1     0.1

XI         TEXTILE AND TEXTILE ARTICLES..............................   5.527    101.0      101.1     0.4     0.1     0.0    -0.1     0.1
61               Articles of apparel and clothing
                        accessories, knitted or crocheted............   1.986    100.1      100.2     0.3     0.0     0.1    -0.1     0.1
62               Articles of apparel and clothing
                        accessories, not knitted or crocheted........   2.218     99.4       99.5    -0.5    -0.2     0.0     0.0     0.1
63               Made-up or worn textile articles....................   0.544     94.3       94.3     0.7    -0.1     0.0    -0.1     0.0

XII        HEADGEAR, UMBRELLAS,
                 ARTIFICIAL FLOWERS, ETC.............................   1.267    101.0      101.3     1.1     0.1     0.1     0.1     0.3
64               Footwear and  parts of such articles................   1.075    101.3      101.5     0.8     0.0     0.0     0.1     0.2

XIII       STONE, PLASTER, CEMENT, ASBESTOS,
                 CERAMICS, GLASS ETC.................................   0.980    108.6      109.2     3.9    -0.2    -0.3     0.0     0.6
68               Articles of stone, plaster, cement,
                        asbestos, or mica (Dec. 2001=100)............   0.344    102.0      102.7     1.5     0.1    -0.3    -1.1     0.7
69               Ceramic products....................................   0.307    113.8      114.3     4.2    -0.2    -0.1     0.6     0.4
70               Glass and glassware.................................   0.329    109.1      109.6     6.0    -0.5    -0.4     0.4     0.5

XIV        PEARLS, STONES, PRECIOUS METALS,
                 IMITATION JEWELRY, AND COINS........................   2.826    127.6      128.3    18.2    -1.0     0.3     2.2     0.5

XV         BASE METALS AND ARTICLES OF BASE METAL....................   6.590    164.0      163.8    20.8    -0.7     1.4     0.4    -0.1
72               Iron and steel......................................   1.462    183.5      183.6    19.9    -0.3    -1.1    -1.0     0.1
73               Articles of iron or steel...........................   1.478    126.1      126.4     2.1     0.0     0.0     0.2     0.2
74               Copper and articles thereof.........................   0.926    295.8      273.6    44.8    -6.2     6.0    -3.0    -7.5
76               Aluminum and articles thereof.......................   1.150    145.9      148.1    16.5     0.4     1.5     2.6     1.5
82               Tools, implements, cutlery, spoons and
                        forks, of base metal; parts thereof..........   0.364    107.5      107.7     1.5     0.2     0.0     0.2     0.2
83               Miscellaneous articles of base metal................   0.490    124.4      124.7     9.2     0.4     0.2     1.2     0.2

XVI        MACHINERY, ELECTRICAL EQUIPMENT, TV
                 IMAGE & SOUND RECORDERS, PARTS, ETC.................  25.155     88.1       88.1     0.0     0.0     0.0     0.0     0.0
84               Machinery and mechanical appliances; parts thereof..  12.998     88.6       88.5     0.0    -0.1     0.1     0.2    -0.1
85               Electrical machinery and equip, sound
                        and TV recorders & reproducers, parts........  12.157     87.7       87.6    -0.1     0.0     0.0    -0.1    -0.1

XVII       VEHICLES, AIRCRAFT, VESSELS AND
                 ASSOCIATED TRANSPORT EQUIPMENT......................  12.993    105.4      105.5     1.0     0.4     0.0     0.0     0.1
87               Motor vehicles and their parts......................  11.998    104.6      104.7     0.8     0.2     0.0     0.0     0.1
88               Aircraft, spacecraft, and parts
                        thereof (Dec. 2002=100)......................   0.880    107.9      108.1     2.6     0.6     0.3     0.2     0.2

XVIII      OPTICAL, PHOTO, MEASURING, MEDICAL &
                 MUSICAL INSTRUMENTS; & TIMEPIECES...................   3.089     99.8       99.8     0.5     0.3    -0.2     0.2     0.0
90               Optical, photographic, measuring and
                        medical instruments..........................   2.747     98.2       98.1    -0.2     0.2    -0.1     0.0    -0.1
91               Clocks and watches and parts thereof................   0.251    115.3      115.5     5.7     1.3     0.0     1.9     0.2

XX         MISCELLANEOUS MANUFACTURED ARTICLES.......................   3.915    100.5      101.0     1.6     0.3     0.2     0.2     0.5
94               Furniture & stuffed furnishings; lamps &
                        lighting fittings, nesoi; prefab bldg........   2.230    104.1      104.4     1.3     0.2     0.1     0.1     0.3
95               Toys, games and sports equipment; parts
                        and accessories thereof......................   1.478     95.8       96.1     1.5     0.3     0.4     0.2     0.3
96               Miscellaneous manufactured articles.................   0.207    102.0      107.8     6.1     0.2     0.0     0.1     5.7


     1   Relative importance figures are based on 2005 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
                  January 2006-January 2007               2000=100, unless otherwise noted
                                                                                       Index                     Percent Change
                                                                      Relative
                                                                       Import-                      Annual         Monthly
Harmo-                                                                  ance                         Jan.    Sept.   Oct.    Nov.    Dec.
nized                            Description                                                         2006    2006    2006    2006    2006
System                                                                December  December   January    to      to      to      to      to
                                                                        2006      2006      2007     Jan.    Oct.    Nov.    Dec.    Jan.
                                                                         1/                          2007    2006    2006    2006    2007

I          LIVE ANIMALS; ANIMAL PRODUCTS.............................   1.414    132.3      136.4     5.8    -0.9    -1.5     0.5     3.1
02               Meat & edible meat offal (Dec. 2006=100)............   0.697    100.0      104.1    n.a.    n.a.    n.a.    n.a.     4.1
03               Fish and crustaceans, molluscs and
                        other aquatic invertebrates..................   0.413    119.7      120.0    -1.3    -2.3    -2.4     1.3     0.3

II         VEGETABLE PRODUCTS........................................   4.086    152.5      152.4    21.2     2.7     7.8     2.9    -0.1
08               Edible fruit and nuts; peel of citrus
                        fruit or melons..............................   0.649    112.8      112.8    -0.9    -7.0    -3.6     6.1     0.0
10               Cereals.............................................   1.863    175.0      167.0    33.8     6.9    13.5     2.3    -4.6
12               Oilseeds and misc. grains, seeds,
                        fruits, plants, straw and fodder.............   0.999    136.0      134.7     7.3     1.8    11.8     0.7    -1.0

IV         PREPARED FOODSTUFFS, BEVERAGES, AND
                     TOBACCO.........................................   2.262    115.9      117.7     5.8     0.4     0.7     0.8     1.6
21               Miscellaneous edible preparations...................   0.425    109.7      110.3     2.7     0.1     0.8     0.0     0.5
23               Residues and waste from the food
                        industries; prepared animal feed.............   0.486    139.7      142.2    12.9     2.3     3.3     4.5     1.8

V          MINERAL PRODUCTS..........................................   4.327    231.8      225.4     2.7    -7.2     7.5     3.9    -2.8
27               Mineral fuels, oils and residuals,
                        bituminous substances and mineral wax........   3.510    213.5      206.3     0.6    -8.5     6.6     4.0    -3.4

VI         PRODUCTS OF THE CHEMICAL OR ALLIED
                     INDUSTRIES......................................  11.688    125.2      125.9     6.7     0.0    -0.3     0.4     0.6
28               Inorganic chemicals.................................   1.268    168.4      170.5    35.5     0.9     2.5     2.5     1.2
29               Organic chemicals...................................   3.674    138.0      137.6     4.9    -0.8    -2.2    -0.4    -0.3
30               Pharmaceutical products.............................   2.497    111.2      113.2     4.9    -0.1     0.4     0.8     1.8
32               Tanning or dyeing extracts, dyes,
                        paints, varnish, putty, & inks...............   0.609    114.2      114.9     7.7     0.1     2.0     1.9     0.6
33               Essential oils and resinoids;
                        perfumery, cosmetic or toilet................   0.682    114.6      115.3     3.5     0.5    -0.4     0.2     0.6
34               Soap; lubricants; waxes, polishing or
                        scouring products; candles, pastes...........   0.409    109.4      109.7     2.1     0.6     1.4    -1.0     0.3
38               Miscellaneous chemical products.....................   1.621    113.3      113.7     2.5     0.4     0.2     0.3     0.4

VII        PLASTICS AND ARTICLES THEREOF; RUBBER
                     AND ARTICLES THEREOF............................   5.391    126.4      127.4    -0.2    -1.1    -1.7    -0.4     0.8
39               Plastics and articles thereof.......................   4.324    122.6      123.3    -1.4    -1.4    -2.1    -0.5     0.6
40               Rubber and articles thereof.........................   1.067    142.3      145.0     5.6     0.1     0.1     0.0     1.9

VIII       RAW HIDES, SKINS, LEATHER, FURSKINS,
                     TRAVEL GOODS, ETC...............................   0.490    123.0      124.1    10.1     1.4     1.0     1.8     0.9

IX         WOOD, WOOD CHARCOAL, CORK, STRAW,
                     BASKETWARE AND WICKERWORK.......................   0.724    109.4      109.3     4.5     0.2     1.1    -0.3    -0.1

X          WOODPULP, RECOVERED PAPER, AND
                 PAPER PRODUCTS......................................   2.688    108.0      108.7     6.9     0.0     0.1     0.7     0.6
47               Woodpulp and recovered paper........................   0.636    105.7      108.6    17.2     0.0     1.1     2.9     2.7
48               Paper and paperboard; articles of paper
                        pulp, paper or paperboard....................   1.462    107.0      107.1     5.6     0.5    -0.3     0.1     0.1
49               Printed material....................................   0.590    116.5      116.1     0.0    -1.2    -0.1     0.0    -0.3

XI         TEXTILE AND TEXTILE ARTICLES..............................   2.482    102.1      102.4    -0.1    -0.4     0.3     0.6     0.3
52               Cotton, including yarns and woven fabrics thereof...   0.676     94.4       94.9     0.0    -1.7     1.5     2.4     0.5

XIII       STONE, PLASTER, CEMENT, ASBESTOS,
                 CERAMICS, GLASS ETC.................................   0.798    105.5      106.1     2.3     0.0     0.1     1.2     0.6
70               Glass and glassware.................................   0.435     95.8       95.9     0.8    -0.1     0.1     0.3     0.1

XIV        PEARLS, STONES, PRECIOUS METALS,
                 IMITATION JEWELRY, AND COINS........................   3.289    146.8      158.7    33.1    -1.7     0.4     7.6     8.1

XV         BASE METALS AND ARTICLES OF BASE METALS...................   5.889    158.5      157.4    13.6    -0.6     0.8     0.3    -0.7
72               Iron and steel......................................   1.429    180.3      177.6    12.8    -1.6    -0.7     0.6    -1.5
73               Articles of iron or steel...........................   1.394    138.6      139.6     8.0    -0.1     0.3     0.1     0.7
74               Copper and articles thereof.........................   0.709    246.2      229.3    27.6    -1.0     2.9    -3.4    -6.9
76               Aluminum and articles thereof.......................   1.072    148.7      148.5    16.7     0.2     2.1     3.9    -0.1
82               Tools, implements, cutlery, spoons and
                        forks, of base metal; parts thereof..........   0.407    112.4      113.7     4.0     1.0     0.0     0.0     1.2
83               Miscellaneous articles of base metal................   0.406    124.6      124.7     4.5    -0.3     0.1     0.3     0.1

XVI        MACHINERY, ELECTRICAL EQUIPMENT, TV
                 IMAGE AND SOUND RECORDERS, PARTS, ETC...............  32.438     93.8       93.8     0.0     0.2     0.0    -0.1     0.0
84               Machinery and mechanical appliances; parts thereof..  18.576    102.1      102.3     1.4     0.1     0.0    -0.1     0.2
85               Electrical machinery and equipment
                        and parts and accessories thereof............  13.862     84.8       84.4    -1.9     0.1     0.1     0.0    -0.5

XVII       VEHICLES, AIRCRAFT, VESSELS AND
                 ASSOCIATED TRANSPORT EQUIPMENT......................  13.959    112.7      113.0     2.3     0.2     0.1     0.4     0.3
87               Motor vehicles and their parts......................   9.031    105.2      105.4     1.1     0.2     0.0     0.2     0.2

XVIII      OPTICAL, PHOTO, MEASURING, MEDICAL &
                 MUSICAL INSTRUMENTS; & TIMEPIECES...................   6.282    102.6      103.3     1.5     0.2     0.0     0.0     0.7

XX         MISCELLANEOUS MANUFACTURED ARTICLES.......................   1.445    101.9      103.7     3.2    -0.6     0.5     0.3     1.8
94               Furniture; stuffed furnishings;
                        lamps and lighting fittings nesoi;...........   0.808    112.0      113.5     7.1     0.2     2.3     1.6     1.3
95               Toys, games and sports equipment; parts
                        and accessories thereof......................   0.497     89.4       87.7    -7.2    -2.1    -2.0    -2.1    -1.9


     1   Relative importance figures are based on 2005 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
                  January 2006-January 2007          2000=100, unless otherwise noted
                                                                        Index                           Percent Change

                                                                                        Annual            Monthly
                                                       Percentage                        Jan.      Sept.    Oct.     Nov.     Dec.
                        Description                        of                            2006      2006     2006     2006     2006
                                                          U.S.   December   January       to        to       to       to       to
                                                        Imports    2006       2007       Jan.      Oct.     Nov.     Dec.     Jan.
                                                           1/                            2007      2006     2006     2006     2007

 2/ Industrialized Countries............................ 44.813   117.1      116.4        1.6      -2.2      1.5      0.9     -0.6
         Nonmanufactured Articles.......................  4.582   187.4      170.9      -13.8     -14.0      9.0      8.9     -8.8
         Manufactured Articles.......................... 39.766   111.7      112.1        3.5      -0.9      0.8      0.0      0.4

 3/ Other Countries..................................... 55.204   111.9      109.4       -1.6      -2.7     -0.1      1.0     -2.2
         Nonmanufactured Articles....................... 11.023   190.5      176.7       -9.2      -9.1     -1.1      3.6     -7.2
         Manufactured Articles.......................... 43.982   100.9      100.1        0.5      -0.7      0.1      0.3     -0.8

    Canada.............................................. 17.052   129.6      127.5       -2.3      -4.4      2.6      1.9     -1.6
         Nonmanufactured Articles.......................  3.871   190.1      171.9      -16.6     -15.7     12.8      9.3     -9.6
         Manufactured Articles.......................... 12.851   118.7      119.5        2.3      -1.2      0.3     -0.1      0.7

 4/ European Union...................................... 17.908   120.6      121.2        4.4      -0.7      0.1      0.7      0.5
         Nonmanufactured Articles.......................  0.389   199.0      185.4      -13.1      -5.8     -5.1      1.2     -6.8
         Manufactured Articles.......................... 17.406   119.1      119.8        4.8      -0.5      0.4      0.7      0.6

    France (Dec. 2003=100)..............................  1.888   105.7      106.3        3.2       1.0     -0.1      0.7      0.6

    Germany (Dec. 2003=100).............................  5.008   106.1      106.1        3.9       0.3      0.6      0.3      0.0

    United Kingdom (Dec. 2003=100)......................  2.845   115.7      115.1       -0.4      -2.1     -0.9      0.3     -0.5

 5/ Latin America....................................... 17.619   136.3      133.5       -0.5      -2.8     -0.6      0.6     -2.1
         Nonmanufactured Articles.......................  4.822   195.9      183.0       -7.7      -8.0     -0.5      4.0     -6.6
         Manufactured Articles.......................... 12.721   125.9      125.7        2.4      -0.5     -0.7     -0.8     -0.2

    Mexico (Dec. 2003=100).............................. 10.163   118.6      118.1        2.0      -1.9     -0.1      0.1     -0.4

 6/ Pacific Rim (Dec. 2003=100)......................... 33.452    98.5       98.3       -0.5      -0.3     -0.1      0.1     -0.2

    China (Dec. 2003=100)............................... 14.941    97.3       97.3       -0.8      -0.2      0.1      0.0      0.0

    Japan...............................................  8.308    94.1       94.2       -0.4      -0.2     -0.1      0.0      0.1

 7/ Asian NICs..........................................  6.124    89.1       88.7       -0.3      -0.1     -0.2      0.1     -0.4

 8/ ASEAN (Dec. 2003=100)...............................  5.993    98.0       96.6        0.1      -0.7     -0.3      0.0     -1.4

 9/ Asia Near East (Dec. 2003=100)......................  3.765   169.2      161.1       -4.4      -6.4     -1.0      3.2     -4.8


1   Percentage of trade figures are based on 2005 trade values.
2   Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa.
3   Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere.
4   Includes European Union countries.
5   Includes Mexico, Central America, South America and the Caribbean.
6   Includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and Asia Newly Industrialized Countries (see footnote 7).
7   Asia Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan.
8   Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
9   Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen.

    NOTES:  Data may be revised in each of the three months after original publication.
            Regions are not mutually exclusive.
            n.a.  Not available


Table  8     U.S. International Price Indexes and Percent Changes for Selected Transportation Services
                  January 2006-January 2007               2000=100, unless otherwise noted
                                                                         Index                         Percent Change
                                                        Relative
                                                         import-                       Annual            Monthly
                                                          ance                          Jan.      Sept.    Oct.     Nov.     Dec.
                        Description                                                     2006      2006     2006     2006     2006
                                                        December  December   January     to        to       to       to       to
                                                          2006      2006      2007      Jan.      Oct.     Nov.     Dec.     Jan.
                                                           1/                           2007      2006     2006     2006     2007

    AIR FREIGHT
      Import Air Freight................................ 100.000    131.2     132.3       4.3     -0.1     -2.3      1.0      0.8
           Europe (Dec. 2003=100).......................  27.470    127.6     130.9      10.9     -0.5     -4.3      1.8      2.6
           Asia.........................................  61.659    115.1     115.3       0.2      0.3     -1.2      0.5      0.2

      Export Air Freight................................ 100.000    116.7     118.4       6.0     -0.4     -0.7      0.1      1.5
           Europe (Dec. 2006=100).......................  38.968    100.0     100.9      n.a.     n.a.     n.a.     n.a.      0.9

      Inbound Air Freight............................... 100.000    127.1     128.0       3.9     -0.7     -1.2      0.6      0.7
           Europe (Dec. 2003=100).......................  29.229    123.4     126.7       9.9     -1.3     -2.6      1.1      2.7
           Asia.........................................  57.996    110.6     110.4      -0.2     -0.1     -0.5      0.3     -0.2

      Outbound Air Freight.............................. 100.000    113.9     113.8       2.2     -0.9     -1.3     -0.3     -0.1
           Europe (Dec. 2003=100).......................  41.980    128.9     128.7       3.0     -1.3     -1.5      0.0     -0.2
           Asia.........................................  40.654    104.3     104.1      -0.6     -0.7     -1.4     -0.8     -0.2

    AIR PASSENGER FARES
      Import Air Passenger Fares........................ 100.000    125.4     122.8       7.0     -4.1     -3.3      3.3     -2.1
           Europe.......................................  39.686    114.0     114.8       8.6     -6.8     -4.4      0.1      0.7
           Asia.........................................  28.097    129.4     116.6       5.0     -2.3     -0.6     18.1     -9.9
           Latin America/Caribbean......................  13.707    124.1     123.2       6.6      1.8     -0.6      3.2     -0.7

      Export Air Passenger Fares........................ 100.000    137.3     141.8       6.9     -1.9     -2.6      0.9      3.3
           Europe.......................................  30.297    162.2     165.0      14.2     -1.0     -7.1      0.8      1.7
           Asia.........................................  30.913    108.3     114.3       0.8     -4.5     -1.0      0.1      5.5
           Latin America/Caribbean......................  21.231    157.8     166.4       6.9      0.8      0.3      1.9      5.4

      Inbound Air Passenger Fares (Dec. 2003=100)....... 100.000    118.5     122.2       9.5     -1.4     -4.6      1.6      3.1
           Europe (Dec. 2003=100).......................  37.823    116.7     117.3      13.1     -0.4     -8.9      1.6      0.5
           Asia (Dec. 2003=100).........................  29.748    107.3     112.5       3.3     -4.5     -2.6      2.2      4.8
           Latin America/Caribbean (Dec. 2003=100)......  13.849    123.5     131.4       9.1      1.1     -0.3      1.4      6.4
           Canada (Dec. 2003=100).......................   8.295    164.4     160.2      11.4     -0.3     -0.2      1.5     -2.6

      Outbound Air Passenger Fares (Dec. 2003=100)...... 100.000    119.3     118.7       6.8     -4.2     -2.8      1.4     -0.5
           Europe (Dec. 2003=100).......................  36.967    118.5     119.7       8.6     -7.9     -4.5     -0.2      1.0
           Asia (Dec. 2003=100).........................  24.011    114.6     107.9       2.2     -2.0     -2.5      6.9     -5.8
           Latin America/Caribbean (Dec. 2003=100)......  23.296    113.9     114.3       5.1      0.5      0.0      0.8      0.4
           Canada (Dec. 2003=100).......................   6.759    165.9     165.7      15.8      0.0      0.0      1.2     -0.1

    CRUDE OIL TANKER FREIGHT
 2/   Inbound Crude Oil Tanker Freight.................. 100.000     n.a.      n.a.      n.a.     -0.7     -2.0     n.a.     n.a.

    OCEAN LINER FREIGHT
      Inbound Ocean Liner Freight....................... 100.000    114.0     113.2     -10.6     -0.3      0.2     -0.1     -0.7
           U.S. East Coast..............................  56.393    118.6     118.3      -7.4     -0.6      0.3     -0.1     -0.3
                 From Atlantic..........................  24.805    118.0     117.5     -11.5     -1.2     -0.8      0.0     -0.4
                 From Pacific...........................  23.040    122.6     122.7      -0.2     -0.1      1.3     -0.1      0.1
           U.S. West Coast..............................  43.607    111.7     110.2     -12.8      0.0      0.1      0.0     -1.3


    1   Relative importance figures are based on 2005 trade values.
    2   Publication of the Crude Oil Tanker Freight Indexes is lagged two months, as are the relative importance figures.

    NOTES:  Data may be revised in each of the three months after original publication.
            n.a.  Not available
	
                                        
						TECHNICAL NOTE


Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres formula and 
are not seasonally adjusted.  Price indexes for merchandise goods are reweighted annually, with a two-year lag 
in the weights.  Published series use a base year of 2000=100 where possible.  More detailed index series and 
additional information may be obtained at http://www.bls.gov/mxp, or by calling (202) 691-7101.

Merchandise Goods Classification Systems -- The merchandise price indexes are published using three 
classification systems.  Items are classified, respectively, by end use for the Bureau of Economic Analysis 
System, industry for the North American Industry Classification System (NAICS), and product category for the 
Harmonized System (HS).  While classification by end use and product category are self-explanatory, a couple 
of notes are in order for classifying items by industry.  In the NAICS tables, for both imports and exports, 
items are classified by output industry, not input industry.  As an example, NAICS import index 326 (plastics 
and rubber products) would include outputs such as manufactured plastic rather than inputs such as petroleum.  
The NAICS classification structure also matches the classification system used by the PPI to produce the NAICS 
primary products indexes.

Import Price Indexes -- Products have been classified by the Harmonized Tariff Schedule of the United States 
Annotated (TSUSA).  Import prices are based on U.S. dollar prices paid by the U.S. importer.  The prices are 
generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" (c.i.f.) U.S. port 
transaction prices, depending on the practices of the individual industry.  The index for crude petroleum is 
calculated from data collected by the U.S. Department of Energy.  

Export Price Indexes -- Products have been classified by the Harmonized Schedule B classification system of 
the U.S. Bureau of the Census.  The prices used are generally either "free alongside ship" (f.a.s.) factory or 
"free on board" (f.o.b.) transaction prices, depending on the practices of the individual industry.  Prices 
used in the grain index, excluding rice, are obtained from the U.S. Department of Agriculture.

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 -- Price indexes for internationally traded services are presented using two 
definitions: Balance of Payments (which represent transactions between U.S. and foreign residents) and 
International (which represent transactions inbound to and outbound from the U.S.).  The Air Passenger Fares 
Indexes are calculated from data collected from a commercial airline reservation system.  These data exclude 
frequent flyer tickets and those sold by consolidators.  The Crude Oil Tanker Freight Indexes are calculated 
from data collected by the U. S. Department of Energy, and the publication of these indexes is lagged two 
months.  The Air Freight and Ocean Liner Freight Indexes are calculated from data collected directly from 
companies.  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.  After three months, no further data 
revisions take place.  So, for example, data released in the January release will be subject to revision in the 
releases for February, March, and April.

Uses of the Data -- The primary use of the indexes is to deflate trade statistics, notably the foreign trade 
sector of the National Income and Product Accounts constructed by the Department of Commerce.  Other published 
indexes are useful for general market analysis.  For trade in international services, Balance of Payments indexes 
are used for deflating National Income and Product Accounts, while International indexes are more appropriate for 
market analysis.  Merchandise and services indexes also can be used to study U.S. competitiveness and price 
elasticities, and the merchandise import indexes by country or region of origin are useful for terms of trade 
analysis.

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