U.S. IMPORT AND EXPORT PRICE INDEXES – NOVEMBER 2014 

U.S. import prices declined 1.5 percent in November, after falling 1.2 percent in October, the U.S. Bureau 

of Labor Statistics reported today. Both decreases were driven by declining fuel prices. The price index for 

U.S. exports fell 1.0 percent in November following a 0.9-percent drop the previous month. 

Chart 1. One-month percent change in the Import Price Index: November 2013 – November 2014 

 Percent change 

Chart 2. 12-month percent change in the Import Price Index: November 2013 – November 2014

 Percent change

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Transmission of material in this release is embargoed until 

8:30 a.m. (EST) Thursday, December 11, 2014 

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

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

USDL-14-2209
2

All Imports: Prices for U.S. imports fell 1.5 percent in November, the largest monthly drop in import prices 

since a 2.3-percent decrease in June 2012. Led by lower fuel prices, overall import prices declined in each 

of the past 5 months, falling 4.2 percent over that period. The price index for imports fell 2.3 percent over 

the past 12 months, the largest year-over-year decline since a 2.7-percent decrease between April 2012 and 

April 2013. 

Fuel Imports: Fuel prices decreased 6.7 percent in November, after declining 6.0 percent in October. Those 

drops were the largest monthly decreases since the index fell 8.5 percent in June 2012. Both monthly 

declines were driven by lower petroleum prices, which fell 6.9 percent in November and 6.4 percent in 

October. In November, a 4.6-percent decrease in natural gas prices also contributed to the overall drop in 

fuel prices, and followed a 0.4-percent advance the previous month. Fuel prices fell 11.5 percent for the year 

ended November, the largest 12-month drop since the index fell 13.4 percent in July 2012. The November 

2014 decrease was led by a 12.3-percent drop in petroleum prices, which more than offset a 10.6-percent 

increase in natural gas prices over the same period. 

All Imports Excluding Fuel: The price index for nonfuel imports decreased 0.2 percent for the third 

consecutive month in November. Prior to the last 3 months, the last time the index fell by more than 0.2 

percent was a 0.4-percent decline in July 2013. Lower prices for nonfuel industrial supplies and materials; 

foods, feeds, and beverages; and each of the major finished goods categories contributed to the overall 

decline. Nonfuel import prices were unchanged over the past 12 months as higher prices for consumer 

goods and foods, feeds, and beverages offset falling prices for nonfuel industrial supplies and materials, 

automotive vehicles, and capital goods. 

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

 

 
3

Chart 3. One-month percent change in the Export Price Index: November 2013 – November 2014 

 Percent change 

Chart 4. 12-month percent change in the Export Price Index: November 2013 – November 2014 

 Percent change

All Exports: Export prices fell 1.0 percent in November, the largest monthly decline since a 1.0-percent 

drop in April. Those were the largest 1-month decreases since the index fell 1.7 percent in June 2012. In 

November, lower prices for nonagricultural exports more than offset higher agricultural prices. The price 

index for overall exports fell 1.9 percent for the November 2013-14 period, the largest 12-month drop since 

a 2.2-percent decline in October 2013. 

Agricultural Exports: Prices for agricultural exports increased 0.5 percent in November following a 10.0-

percent decline over the previous 5 months. The November increase was the largest monthly advance since 

a 1.5-percent rise in April. A 7.0-percent advance in soybean prices led the overall increase, although higher 

prices for corn and wheat also contributed to the advance. Despite the November rise, agriculture exports 

fell 3.8 percent over the past 12 months. Lower prices for soybeans, corn, and wheat all factored into the 

decline over the past year. 

All Exports Excluding Agriculture: The price index for nonagricultural exports decreased 1.2 percent in 

November, after falling 0.8 percent in October. Falling prices for both nonagricultural industrial supplies 

and materials and finished goods contributed to the overall decline. Nonagricultural exports decreased 1.7 

percent between November 2013 and November 2014, as lower prices for nonagricultural industrial supplies 

and materials and consumer goods more than offset higher prices for capital goods and automotive vehicles. 

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Nov'13 Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov'14

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4

SELECTED NOVEMBER HIGHLIGHTS 

Import Prices 

Imports by Locality of Origin: Import prices from China were unchanged for the third consecutive month 

in November. The price index for imports from China also recorded no change over the past year. Prices for 

imports from Japan edged down 0.1 percent in November, after recording no change the previous month. 

Import prices from Japan fell 1.2 percent over the past year. Led by lower fuel prices, the import price 

indexes for imports from Canada, the European Union, and Mexico all decreased in November. Prices for 

imports from Canada declined 2.3 percent, import prices from the European Union dropped 0.6 percent, and 

the price index for imports from Mexico fell 0.7 percent. 

Nonfuel Industrial Supplies and Materials: Import prices for nonfuel industrial supplies and materials 

decreased 0.9 percent following a 0.7-percent decline in October. Both drops were driven by falling metals 

prices. Unfinished metals prices decreased 2.1 percent in November, after falling 3.6 percent the previous 

month. Lower prices for gold and other precious metals led the declines in each month. 

 

Finished Goods: Each of the major finished goods areas edged down 0.1 percent in November. The 

November declines in the price indexes for consumer goods and automotive vehicles followed decreases of 

0.2 percent in October. Capital goods prices decreased following a 0.1-percent decline the previous month. 

 

Foods, Feeds, and Beverages: The price index for import foods, feeds, and beverages decreased 0.4 

percent in November, after advancing 1.1 percent in October. The November downturn was led by a 2.2-

percent drop in fish and shellfish prices and a 4.1-percent decline in coffee prices. 

Transportation Services: Import air passenger fares rose 1.0 percent in November following a 2.4-percent 

increase the previous month. Higher European fares, which advanced 2.8 percent in November and 2.3 

percent in October, were the main contributor to both monthly increases. The index for overall import air 

passenger fares increased 1.9 percent over the past 12 months. Prices for import air freight declined 0.5 

percent in November, after falling 1.2 percent in October. Import air freight prices decreased 3.6 percent for 

the year ended in November. 

Export Prices 

Nonagricultural Industrial Supplies and Materials: The price index for nonagricultural industrial 

supplies and materials decreased 3.2 percent in November following a 1.9-percent drop the previous month. 

The November decline was driven by a 7.9-percent fall in fuel prices, although lower prices for nonferrous 

metals and chemicals also factored into the overall decrease. 

 

Finished Goods: Finished goods prices were mostly down in November. Consumer goods prices fell 0.3 

percent for the third consecutive month, led by a 0.6-percent decline in medical, dental, and pharmaceutical 

materials prices. Capital goods prices also fell in November, edging down 0.1 percent. The price index for 

automotive vehicles recorded no change. 

Transportation Services: Export air passenger fares fell 4.9 percent in November, after a 3.0-percent drop 

in October. The November decline was led by a 5.7-percent decrease in European fares. Overall export air 

passenger fares fell 1.1 percent for the year ended in November. Export air freight prices decreased 0.3 

percent in November following a 0.4-percent decline the previous month. Despite the recent drops, the price 

index for export air freight increased 7.2 percent over the past year. 

 

Import and Export Price Index data for December 2014 are scheduled for release on Wednesday, 

January 14, 2015 at 8:30 a.m. (EST). 
Table 1. U.S. import price indexes and percent changes for selected categories of goods: November 2013 to

November 2014

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Oct.

20141

Index Percent change

Oct.

2014

Nov.

2014

Annual Monthly

Nov.

2013 to

Nov.

2014

July

2014 to

Aug.

2014

Aug.

2014 to

Sept.

2014

Sept.

2014 to

Oct.

2014

Oct.

2014 to

Nov.

2014

All commodities................................... 100.000 136.6 134.6 -2.3 -0.8 -0.5 -1.2 -1.5

All imports excluding food and fuels (Dec.

2010=100)........................................ 76.332 101.9 101.7 -0.3 -0.1 -0.1 -0.3 -0.2

All imports excluding petroleum.............. 82.772 115.4 115.1 0.1 -0.1 -0.1 -0.2 -0.3

All imports excluding fuels (Dec.

2001=100)........................................ 81.821 119.3 119.1 0.0 0.0 -0.2 -0.2 -0.2

Foods, feeds, & beverages................... 0 5.489 181.9 181.2 3.5 0.7 0.1 1.1 -0.4

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 4.190 199.7 199.6 4.7 0.9 -0.4 1.2 -0.1

Nonagricultural foods (fish, distilled

beverages).................................. 01 1.299 141.5 139.3 0.0 0.1 1.4 0.6 -1.6

Industrial supplies & materials.............. 1 31.336 234.2 224.3 -7.2 -2.3 -1.4 -3.8 -4.2

Industrial supplies & materials excluding

petroleum.................................... 14.109 159.5 157.8 -0.4 -0.7 -0.5 -0.4 -1.1

Industrial supplies & materials excluding

fuels (Dec. 2001=100)..................... 13.158 179.1 177.5 -1.0 -0.1 -0.4 -0.7 -0.9

Industrial supplies & materials, durable. . .. 7.899 166.3 164.3 -2.0 -0.1 -0.4 -1.8 -1.2

Industrial supplies & materials nondurable

excluding petroleum....................... 5.259 150.7 149.5 1.4 -1.4 -0.7 1.1 -0.8

Fuels & lubricants............................. 10 18.178 305.4 285.0 -11.5 -3.8 -2.1 -6.0 -6.7

Petroleum & petroleum products......... 100 17.227 337.6 314.3 -12.3 -3.6 -2.2 -6.4 -6.9

Crude........................................ 10000 13.149 350.9 328.7 -10.8 -4.3 -4.2 -4.0 -6.3

Fuels, n.e.s.-coals & gas.................. 101 0.779 131.0 126.0 9.3 -10.2 -1.7 0.2 -3.8

Gas-natural.................................. 10110 0.633 118.6 113.1 10.6 -12.4 -2.4 0.4 -4.6

Paper & paper base stocks.................. 11 0.546 112.9 112.7 -1.4 0.4 -0.6 -0.3 -0.2

Materials associated with nondurable

supplies & materials....................... 12 4.783 170.0 169.4 0.5 0.1 -0.5 1.1 -0.4

Selected building materials.................. 13 1.060 141.5 140.4 -1.5 -0.1 0.3 -0.7 -0.8

Unfinished metals related to durable

goods........................................ 14 3.520 233.4 228.6 -4.0 -0.6 -0.5 -3.6 -2.1

Finished metals related to durable

goods........................................ 15 1.690 158.9 157.7 1.3 0.5 -0.6 0.3 -0.8

Nonmetals related to durable goods. . . . . .. 16 1.559 111.9 111.7 -0.7 0.4 -0.1 -0.4 -0.2

Capital goods................................... 2 25.411 92.3 92.2 -0.4 -0.1 -0.1 -0.1 -0.1

Electric generating equipment............... 20 3.086 120.3 120.3 0.8 0.0 -0.1 -0.1 0.0

Nonelectrical machinery...................... 21 20.343 84.8 84.7 -0.7 -0.2 -0.1 -0.1 -0.1

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 1.982 136.6 136.6 0.4 0.4 0.0 -0.1 0.0

Automotive vehicles, parts & engines..... 3 13.745 112.4 112.3 -1.0 0.1 -0.2 -0.2 -0.1

Consumer goods, excluding

automotives.................................. 4 24.018 108.1 108.0 0.6 0.0 0.0 -0.2 -0.1

Nondurables, manufactured................. 40 11.672 118.8 118.8 2.1 0.2 -0.1 0.0 0.0

Durables, manufactured...................... 41 11.123 97.0 97.0 -1.2 -0.2 0.0 -0.4 0.0

Nonmanufactured consumer goods. . . . . . .. 42 1.223 121.1 120.5 2.9 -0.4 0.2 0.0 -0.5

1 Relative importance figures are based on 2012 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: November 2013 to

November 2014

[2000=100, unless otherwise noted]

Description End Use

Relative

importance

Oct.

20141

Index Percent change

Oct.

2014

Nov.

2014

Annual Monthly

Nov.

2013 to

Nov.

2014

July

2014 to

Aug.

2014

Aug.

2014 to

Sept.

2014

Sept.

2014 to

Oct.

2014

Oct.

2014 to

Nov.

2014

All commodities................................... 100.000 130.6 129.3 -1.9 -0.5 -0.5 -0.9 -1.0

Agricultural commodities....................... 9.478 203.0 204.1 -3.8 -3.1 -1.6 -2.1 0.5

All exports excluding food and fuels (Dec.

2010=100)........................................ 81.952 101.9 101.4 -0.4 0.0 -0.3 -0.3 -0.5

Nonagricultural commodities.................. 90.522 125.3 123.8 -1.7 -0.2 -0.2 -0.8 -1.2

Foods, feeds, & beverages................... 0 8.771 205.5 206.5 -2.7 -2.8 -1.5 -2.1 0.5

Agricultural foods, feeds & beverages,

excluding distilled beverages............. 00 8.128 207.5 208.9 -2.9 -3.2 -1.6 -2.3 0.7

Nonagricultural foods (fish, distilled

beverages).................................. 01 0.643 191.7 188.2 0.4 1.5 0.1 -0.4 -1.8

Industrial supplies & materials.............. 1 32.811 172.0 166.7 -5.4 -0.8 -0.6 -1.9 -3.1

Industrial supplies & materials, durable. . .. 11.148 167.9 165.1 -4.1 -0.4 -0.8 -1.4 -1.7

Industrial supplies & materials,

nondurable.................................. 21.665 175.1 168.5 -6.1 -1.0 -0.6 -2.2 -3.8

Agricultural industrial supplies &

materials..................................... 10 1.350 183.1 182.9 -8.4 -2.4 -1.6 -1.3 -0.1

Nonagricultural industrial supplies &

materials...................................... 31.461 171.8 166.3 -5.3 -0.8 -0.6 -1.9 -3.2

Fuels & lubricants............................. 11 9.277 239.1 220.3 -13.2 -2.5 -0.6 -4.6 -7.9

Nonagricultural supplies & materials

excluding fuels & building materials. . . .. 12 21.197 165.1 162.9 -1.6 0.0 -0.6 -0.8 -1.3

Selected building materials.................. 13 0.987 121.3 121.7 -3.4 -1.1 -0.5 -0.2 0.3

Capital goods................................... 2 36.884 107.0 106.9 0.4 0.1 -0.1 -0.2 -0.1

Electrical generating equipment............. 20 3.736 115.3 115.3 0.6 0.0 0.0 -0.5 0.0

Nonelectrical machinery...................... 21 26.033 95.3 95.2 -0.2 0.0 0.0 -0.2 -0.1

Transportation equipment excluding motor

vehicles (Dec. 2001=100)................. 22 7.115 156.2 156.2 2.8 0.1 0.0 -0.1 0.0

Automotive vehicles, parts & engines..... 3 9.636 114.2 114.2 0.5 -0.1 -0.1 0.2 0.0

Consumer goods, excluding

automotives.................................. 4 11.898 114.8 114.5 -0.3 0.1 -0.3 -0.3 -0.3

Nondurables, manufactured................. 40 5.481 111.8 111.3 -2.6 0.1 -0.3 -0.4 -0.4

Durables, manufactured...................... 41 5.013 111.2 111.1 -0.5 -0.1 -0.3 -0.4 -0.1

1 Relative importance figures are based on 2012 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: November 2013 to

November 2014

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Oct.

20141

Index Percent change

Oct.

2014

Nov.

2014

Annual Monthly

Nov.

2013 to

Nov.

2014

July

2014 to

Aug.

2014

Aug.

2014 to

Sept.

2014

Sept.

2014 to

Oct.

2014

Oct.

2014 to

Nov.

2014

Nonmanufactured articles...................... 16.204 156.2 147.3 -8.2 -4.1 -3.5 -2.7 -5.7

Agriculture, forestry, fishing and

hunting........................................ 11 1.920 185.4 183.2 6.8 0.0 0.1 4.2 -1.2

Crop production............................... 111 1.487 195.7 192.8 9.7 -0.2 0.5 5.7 -1.5

Forestry and logging (Dec. 2012=100)..... 113 0.123 68.8 67.9 -27.8 -2.9 -5.2 -5.0 -1.3

Mining............................................ 21 14.284 152.7 143.0 -10.1 -4.6 -3.9 -3.6 -6.4

Mining (except oil and gas) (Dec.

2006=100)................................... 212 0.243 118.2 118.0 -9.2 -0.2 -0.5 -3.4 -0.2

Manufactured articles............................ 83.414 115.5 114.8 -0.9 0.0 0.1 -0.9 -0.6

Manufactured goods, part 1................. 31 10.812 126.5 126.2 1.6 0.5 0.1 -0.2 -0.2

Food manufacturing.......................... 311 3.172 161.2 159.8 1.8 1.1 -0.2 -0.6 -0.9

Beverage and tobacco product

manufacturing............................... 312 0.960 117.6 117.6 2.7 0.1 0.0 0.1 0.0

Textile mills (Dec. 2011=100)............... 313 0.368 103.4 103.4 2.3 0.3 0.0 0.7 0.0

Textile product mills.......................... 314 0.777 114.0 114.2 -0.3 0.0 -0.1 -0.2 0.2

Apparel manufacturing....................... 315 3.842 112.0 112.2 1.6 0.4 0.4 0.0 0.2

Leather and allied product

manufacturing............................... 316 1.694 123.8 123.8 1.6 0.1 0.0 0.1 0.0

Manufactured goods, part 2................. 32 17.478 134.2 131.7 -2.7 -0.1 0.8 -3.2 -1.9

Wood product manufacturing................ 321 0.636 120.8 119.1 -2.6 -0.2 0.5 -1.1 -1.4

Paper manufacturing......................... 322 1.001 110.9 110.9 -0.3 0.3 -0.3 -0.2 0.0

Printing and related support activities

(Dec. 2013=100)........................... 323 0.191 99.8 99.5 – 0.1 0.1 0.0 -0.3

Petroleum and coal products

manufacturing............................... 324 3.655 142.0 129.9 -17.3 -1.2 4.6 -15.1 -8.5

Chemical manufacturing..................... 325 9.171 138.0 137.8 3.1 0.2 -0.4 0.9 -0.1

Plastics and rubber products

manufacturing............................... 326 1.967 121.9 122.1 -1.8 0.0 0.0 0.1 0.2

Nonmetallic mineral product

manufacturing............................... 327 0.856 130.6 130.9 0.8 0.0 0.0 0.2 0.2

Manufactured goods, part 3................. 33 55.124 107.5 107.3 -0.6 0.0 -0.2 -0.4 -0.2

Primary metal manufacturing................ 331 4.177 155.3 152.7 -2.4 -0.2 -0.8 -2.6 -1.7

Fabricated metal product manufacturing... 332 2.753 127.8 127.3 0.6 0.4 0.2 0.1 -0.4

Machinery manufacturing.................... 333 6.978 120.5 120.4 -0.6 -0.1 -0.2 -0.5 -0.1

Computer and electronic product

manufacturing............................... 334 16.186 79.5 79.4 -1.5 -0.3 -0.1 -0.1 -0.1

Electrical equipment, appliance, and

component manufacturing................. 335 4.191 119.1 119.5 0.4 0.3 0.0 -0.3 0.3

Transportation equipment manufacturing... 336 14.651 111.3 111.1 -0.5 0.1 -0.1 -0.1 -0.2

Furniture and related product

manufacturing............................... 337 1.394 116.7 116.6 1.8 0.3 0.1 0.0 -0.1

Miscellaneous manufacturing............... 339 4.795 121.5 121.4 0.2 -0.2 -0.2 -0.5 -0.1

1 Relative importance figures are based on 2012 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: November 2013 to

November 2014

[December 2005=100, unless otherwise noted]

Description NAICS

Relative

importance

Oct.

20141

Index Percent change

Oct.

2014

Nov.

2014

Annual Monthly

Nov.

2013 to

Nov.

2014

July

2014 to

Aug.

2014

Aug.

2014 to

Sept.

2014

Sept.

2014 to

Oct.

2014

Oct.

2014 to

Nov.

2014

Nonmanufactured articles...................... 6.559 143.2 144.0 -9.1 -4.4 -1.5 -3.5 0.6

Agriculture, forestry, fishing and

hunting........................................ 11 4.381 168.4 172.1 -10.9 -5.2 -1.9 -4.4 2.2

Crop production............................... 111 4.163 174.3 178.7 -10.2 -5.3 -2.0 -4.6 2.5

Mining............................................ 21 2.178 86.7 84.4 -4.8 -2.7 -0.6 -1.8 -2.7

Mining (except oil and gas).................. 212 1.315 96.0 95.9 -5.3 0.7 -1.0 -1.6 -0.1

Manufactured articles............................ 91.520 119.4 118.2 -1.5 -0.3 -0.2 -0.7 -1.0

Manufactured goods, part 1................. 31 7.264 154.9 154.0 2.2 -0.9 -1.0 -0.6 -0.6

Food manufacturing.......................... 311 5.182 180.9 179.2 3.9 -0.9 -1.1 -0.5 -0.9

Beverage and tobacco product

manufacturing............................... 312 0.487 107.9 112.2 -10.2 -2.4 -1.5 -2.4 4.0

Leather and allied product manufacturing

(Dec. 2013=100)........................... 316 0.294 105.8 104.9 – -0.7 -1.0 -1.0 -0.9

Manufactured goods, part 2................. 32 25.961 128.6 125.0 -5.7 -0.6 -0.4 -1.8 -2.8

Wood product manufacturing................ 321 0.470 124.7 125.8 2.2 -0.1 0.8 -0.3 0.9

Paper manufacturing......................... 322 1.873 125.8 125.2 2.0 0.9 -0.7 0.4 -0.5

Petroleum and coal products

manufacturing............................... 324 6.796 150.1 136.5 -17.3 -2.6 -0.6 -5.7 -9.1

Chemical manufacturing..................... 325 13.547 127.5 126.5 -1.8 0.2 -0.4 -0.5 -0.8

Plastics and rubber products

manufacturing............................... 326 2.206 119.1 118.9 -1.1 0.3 0.0 -0.1 -0.2

Nonmetallic mineral product

manufacturing............................... 327 0.779 111.9 111.9 -0.1 -1.1 -0.1 -0.1 0.0

Manufactured goods, part 3................. 33 58.296 112.4 112.1 -0.1 -0.1 -0.1 -0.4 -0.3

Primary metal manufacturing................ 331 4.636 144.7 141.5 -5.5 -0.4 -1.2 -2.6 -2.2

Fabricated metal product manufacturing... 332 2.761 128.1 128.0 -2.4 -0.2 0.0 0.1 -0.1

Machinery manufacturing.................... 333 11.934 123.8 123.9 0.8 0.0 -0.1 0.0 0.1

Computer and electronic product

manufacturing............................... 334 13.919 87.0 86.7 -1.7 0.1 -0.2 -0.5 -0.3

Electrical equipment, appliance, and

component manufacturing................. 335 3.552 114.9 114.7 1.0 0.0 -0.2 0.3 -0.2

Transportation equipment manufacturing... 336 15.956 120.0 120.0 1.5 -0.1 0.0 0.1 0.0

Furniture and related product

manufacturing (Dec. 2011=100).......... 337 0.374 109.3 109.3 1.9 0.9 -0.3 0.6 0.0

Miscellaneous manufacturing............... 339 5.164 124.9 125.2 3.0 0.2 0.1 -0.3 0.2

1 Relative importance figures are based on 2012 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: November 2013 to

November 2014

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Oct.

20141

Index Percent change

Oct.

2014

Nov.

2014

Annual Monthly

Nov.

2013 to

Nov.

2014

July

2014 to

Aug.

2014

Aug.

2014 to

Sept.

2014

Sept.

2014 to

Oct.

2014

Oct.

2014 to

Nov.

2014

Live animals; animal products................. I 1.376 203.5 201.2 6.9 1.6 0.4 0.0 -1.1

Meat and edible meat offal..................... 02 0.324 266.7 263.1 19.0 4.0 -0.2 -2.9 -1.3

Fish and crustaceans, molluscs and other

aquatic invertebrates......................... 03 0.716 141.8 139.2 -2.9 -0.7 1.5 1.1 -1.8

Vegetable products............................... II 1.754 208.1 205.6 4.3 -0.1 0.5 4.3 -1.2

Edible vegetables, roots, and tubers.......... 07 0.483 446.4 423.6 12.5 -2.1 4.5 19.5 -5.1

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 0.392 95.3 99.6 -9.5 3.8 -2.1 -4.2 4.5

Coffee, tea, mate and spices.................. 09 0.378 263.6 257.3 18.1 1.4 0.4 3.7 -2.4

Animal or vegetable fats and oils (Dec.

2009=100)........................................ III 0.248 112.7 112.4 -2.9 0.9 -5.5 1.6 -0.3

Prepared foodstuffs, beverages, and

tobacco........................................... IV 2.581 162.8 162.0 1.6 0.6 -0.1 -0.4 -0.5

Sugars and sugar confectionary (Dec.

2012=100)..................................... 17 0.172 90.1 90.2 1.0 1.7 -1.2 -0.6 0.1

Cocoa and cocoa preparations (Dec.

2009=100)..................................... 18 0.265 118.5 112.7 11.1 2.3 -0.3 1.5 -4.9

Preparations of cereals, flour, starch or milk;

bakers’ wares (Dec. 2007=100)............. 19 0.254 133.7 133.6 2.2 0.6 0.3 0.5 -0.1

Preparations of vegetables, fruit, nuts, or

other parts of plants.......................... 20 0.303 163.7 166.0 0.1 -0.6 0.1 -2.1 1.4

Beverages, spirits, and vinegar................ 22 0.975 128.3 128.3 2.5 0.3 -0.2 0.2 0.0

Mineral products.................................. V 18.039 307.0 286.5 -11.5 -3.8 -2.2 -6.2 -6.7

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 17.792 304.3 283.8 -11.4 -3.9 -2.2 -6.2 -6.7

Products of the chemical or allied

industries........................................ VI 8.345 152.7 152.4 2.8 -0.1 -0.3 0.5 -0.2

Inorganic chemicals............................. 28 0.668 332.0 340.0 9.0 -0.5 1.7 6.1 2.4

Organic chemicals............................... 29 2.421 134.0 133.1 -1.7 -0.2 -0.7 -0.9 -0.7

Pharmaceutical products....................... 30 3.433 134.1 133.9 6.4 0.1 -0.3 0.0 -0.1

Fertilizers (Dec. 2009=100).................... 31 0.345 116.9 114.9 8.6 -0.8 2.3 7.6 -1.7

Tanning extracts; dye, pigments, varnish,

paints & putty (Dec. 2011=100)............. 32 0.186 106.2 106.2 12.5 2.6 0.0 0.9 0.0

Miscellaneous chemical products............. 38 0.474 93.2 93.0 -3.9 0.0 0.0 0.0 -0.2

Plastics and articles thereof; rubber and

articles thereof.................................. VII 3.190 146.4 146.4 -1.8 -0.1 -0.6 0.3 0.0

Plastics and articles thereof.................... 39 2.068 150.4 150.3 1.6 0.0 -0.5 0.7 -0.1

Rubber and articles thereof.................... 40 1.122 140.9 141.2 -7.5 -0.4 -0.8 -0.6 0.2

Raw hides, skins, leather, furskins, travel

goods, etc....................................... VIII 0.628 127.9 127.8 1.3 -0.1 0.0 0.0 -0.1

Articles of leather; travel goods, bags, etc.

of various materials........................... 42 0.591 130.3 130.2 2.1 -0.1 0.0 0.0 -0.1

Wood, wood charcoal, cork, straw,

basketware and wickerwork................. IX 0.667 146.4 144.6 -2.6 -0.3 0.4 -1.0 -1.2

Woodpulp, recovered paper, and paper

products......................................... X 1.058 113.0 112.9 -1.3 0.1 -0.4 -0.3 -0.1

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 0.700 107.0 106.7 -1.2 0.1 -0.3 0.0 -0.3

Printed matter (Dec. 2013=100)............... 49 0.198 99.6 99.3 – 0.1 0.0 -0.3 -0.3

Textile and textile articles....................... XI 4.856 115.0 115.2 1.1 0.3 0.3 0.0 0.2

Articles of apparel and clothing accessories,

knitted or crocheted.......................... 61 1.898 103.9 104.1 1.3 0.0 1.0 0.0 0.2

See footnotes at end of table.

9
Table 5. U.S. import price indexes and percent changes for selected categories of goods: November 2013 to

November 2014 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Oct.

20141

Index Percent change

Oct.

2014

Nov.

2014

Annual Monthly

Nov.

2013 to

Nov.

2014

July

2014 to

Aug.

2014

Aug.

2014 to

Sept.

2014

Sept.

2014 to

Oct.

2014

Oct.

2014 to

Nov.

2014

Articles of apparel and clothing accessories,

not knitted or crocheted...................... 62 1.766 120.2 120.4 1.5 0.6 0.0 -0.1 0.2

Made-up or worn textile articles............... 63 0.558 107.4 107.7 0.1 -0.1 -0.1 -0.4 0.3

Headgear, umbrellas, artifical flowers, etc... XII 1.363 122.5 122.4 1.1 0.2 0.0 0.2 -0.1

Footwear and parts of such articles........... 64 1.175 121.8 121.7 1.2 0.2 0.0 0.1 -0.1

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.791 133.2 133.4 0.3 0.1 0.0 0.1 0.2

Articles of stone, plaster, cement, asbestos,

or mica (Dec. 2001=100).................... 68 0.261 126.2 126.7 0.5 0.2 0.2 0.0 0.4

Ceramic products................................ 69 0.244 141.7 141.5 0.5 0.1 -0.1 0.1 -0.1

Glass and glassware............................ 70 0.286 129.6 130.0 0.1 -0.1 0.0 0.1 0.3

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 2.615 176.1 172.3 -5.2 -0.9 -1.2 -3.2 -2.2

Base metals and articles of base metals. . .. XV 5.464 182.9 182.0 1.1 0.3 0.1 -0.8 -0.5

Iron and steel.................................... 72 1.293 221.4 218.2 1.0 -0.4 0.4 -0.9 -1.4

Articles of iron or steel.......................... 73 1.733 155.7 155.8 1.4 0.2 0.1 0.3 0.1

Copper and articles thereof.................... 74 0.442 325.0 320.1 -4.0 2.7 -1.8 -0.8 -1.5

Aluminum and articles thereof................. 76 0.749 142.4 144.0 5.9 1.6 0.6 -1.7 1.1

Tools, implements, cutlery, spoons and

forks, of base metal; parts thereof.......... 82 0.401 129.0 129.0 -0.6 0.0 -0.1 0.0 0.0

Miscellaneous articles of base metal. . . . . . . .. 83 0.457 137.9 138.0 1.8 1.0 0.1 -0.4 0.1

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 27.550 84.1 84.0 -0.7 -0.1 0.0 -0.2 -0.1

Machinery and mechanical appliances;

parts thereof................................... 84 14.323 89.2 89.1 -0.6 -0.2 -0.1 -0.1 -0.1

Electrical machinery and equip, sound and

TV recorders & reproducers, parts......... 85 13.227 79.2 79.1 -1.0 -0.1 0.0 -0.3 -0.1

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 12.268 115.4 115.3 -0.6 0.0 -0.1 0.0 -0.1

Motor vehicles and their parts................. 87 11.229 114.1 113.9 -0.7 0.0 -0.1 0.0 -0.2

Aircraft, spacecraft, and parts thereof (Dec.

2002=100)..................................... 88 0.936 120.2 120.2 -0.1 0.0 0.1 0.0 0.0

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 3.485 104.0 104.0 -0.4 0.2 -0.4 -0.5 0.0

Optical, photographic, measuring and

medical instruments.......................... 90 3.184 100.9 100.8 -0.4 0.2 -0.4 -0.4 -0.1

Clocks and watches and parts thereof. . . . . .. 91 0.242 141.0 143.0 0.6 0.1 -0.2 -1.5 1.4

Miscellaneous manufactured articles......... XX 3.640 113.9 113.9 0.6 0.0 0.0 0.0 0.0

Furniture & stuffed furnishings; lamps &

lighting fittings, nesoi; prefab bldgs......... 94 2.126 118.5 118.4 1.0 0.1 -0.1 0.1 -0.1

Toys, games and sports equipment; parts

and accessories thereof...................... 95 1.277 105.6 105.7 0.3 -0.1 -0.1 -0.1 0.1

Miscellaneous manufactured articles. . . . . . . .. 96 0.237 135.1 135.1 -2.5 0.0 -0.1 0.2 0.0

1 Relative importance figures are based on 2012 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: November 2013 to

November 2014

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Oct.

20141

Index Percent change

Oct.

2014

Nov.

2014

Annual Monthly

Nov.

2013 to

Nov.

2014

July

2014 to

Aug.

2014

Aug.

2014 to

Sept.

2014

Sept.

2014 to

Oct.

2014

Oct.

2014 to

Nov.

2014

Live animals; animal products................. I 2.285 248.3 245.4 9.4 -0.2 -1.3 0.1 -1.2

Meat & edible meat offal (Dec. 2006=100)... 02 1.393 197.9 196.7 17.5 0.6 -2.3 1.2 -0.6

Fish and crustaceans, molluscs and other

aquatic invertebrates......................... 03 0.372 209.7 206.6 3.5 2.4 0.6 -1.5 -1.5

Vegetable products............................... II 4.154 218.3 223.6 -8.6 -5.4 -1.5 -3.4 2.4

Edible fruit and nuts; peel of citrus fruit or

melons.......................................... 08 1.248 190.1 182.2 3.1 -1.5 4.5 10.0 -4.2

Cereals............................................ 10 0.965 207.6 220.9 -10.3 -4.8 -2.7 -5.5 6.4

Oilseeds and misc. grains, seeds, fruits,

plants, straw and fodder..................... 12 1.520 215.4 228.3 -12.5 -7.9 -5.0 -12.3 6.0

Animal or vegetable fats and oils (Dec.

2009=100)........................................ III 0.236 106.1 105.1 -9.5 -2.0 -4.5 -1.1 -0.9

Prepared foodstuffs, beverages,and

tobacco........................................... IV 2.854 161.2 161.1 -2.4 -1.8 -0.5 -1.3 -0.1

Preparations of vegetables, fruit, nuts or

other parts of plants (Dec. 2009=100). . . .. 20 0.355 117.7 117.5 4.6 0.0 -0.3 0.0 -0.2

Beverages, spirits, and vinegar (Dec.

2008=100)..................................... 22 0.488 109.9 112.1 -0.8 0.1 -0.2 -0.7 2.0

Residues and waste from the food

industries; prepared animal feed............ 23 0.643 231.3 229.7 -12.0 -6.9 -1.6 -4.4 -0.7

Mineral products.................................. V 8.987 274.3 254.6 -14.4 -2.5 -0.6 -4.7 -7.2

Ores, slag and ash (Dec. 2012=100)......... 26 0.453 95.5 95.4 3.5 2.7 -1.4 -2.4 -0.1

Mineral fuels, oils and residuals, bituminous

substances and mineral waxes............. 27 8.354 269.9 249.0 -15.5 -2.8 -0.5 -4.9 -7.7

Products of the chemical or allied

industries........................................ VI 10.954 149.2 148.2 -1.9 -0.1 -0.3 -0.5 -0.7

Inorganic chemicals............................. 28 0.908 175.0 174.8 -1.3 0.2 0.6 1.7 -0.1

Organic chemicals............................... 29 3.207 164.9 163.0 1.4 -0.2 -1.2 -1.3 -1.2

Pharmaceutical products....................... 30 2.592 114.5 113.6 -6.3 0.0 -0.4 -0.9 -0.8

Fertilizers (Dec. 2012=100).................... 31 0.304 83.5 82.7 4.9 0.7 -0.2 -3.2 -1.0

Essential oils and resinoids; perfumery

cosmetic or toilet preparations.............. 33 0.716 133.1 132.9 -1.9 0.0 -0.4 0.0 -0.2

Soap; lubricants; waxes, polishing or

scouring products; candles, pastes......... 34 0.462 118.1 116.9 -3.7 0.5 0.4 0.3 -1.0

Miscellaneous chemical products............. 38 1.782 153.2 152.8 -0.8 -0.9 0.9 0.2 -0.3

Plastics and articles thereof; rubber and

articles thereof.................................. VII 5.302 151.0 149.3 -0.2 0.6 -0.1 0.0 -1.1

Plastics and articles thereof.................... 39 4.316 146.1 145.0 0.7 0.6 0.0 0.0 -0.8

Rubber and articles thereof.................... 40 0.986 171.5 167.2 -3.8 0.2 -0.7 0.0 -2.5

Raw hides, skins, leather, furskins, travel

goods, etc........................................ VIII 0.460 160.2 158.6 7.4 0.1 -0.3 -0.7 -1.0

Woodpulp, recovered paper, and paper

products......................................... X 2.336 125.9 125.2 1.8 0.9 -1.0 0.5 -0.6

Woodpulp and recovered paper............... 47 0.693 129.2 127.5 -0.7 1.4 -1.6 -0.5 -1.3

Paper and paperboard; articles of paper

pulp, paper or paperboard................... 48 1.200 125.0 124.7 3.2 0.6 -1.3 0.9 -0.2

Textile and textile articles....................... XI 1.860 127.9 126.3 -4.0 -1.2 -0.7 -0.7 -1.3

Cotton, including yarns and woven fabrics

thereof.......................................... 52 0.539 130.2 127.2 -12.2 -4.0 -2.3 -1.0 -2.3

Stone, plaster, cement, asbestos,

ceramics, glass etc............................ XIII 0.756 120.0 120.0 1.2 -0.1 0.0 -0.1 0.0

Glass and glassware............................ 70 0.387 98.4 98.4 0.9 -0.1 0.0 -0.2 0.0

See footnotes at end of table.

11
Table 6. U.S. export price indexes and percent changes for selected categories of goods: November 2013 to

November 2014 — Continued

[2000=100, unless otherwise noted]

Description

Harmonized

system

Relative

importance

Oct.

20141

Index Percent change

Oct.

2014

Nov.

2014

Annual Monthly

Nov.

2013 to

Nov.

2014

July

2014 to

Aug.

2014

Aug.

2014 to

Sept.

2014

Sept.

2014 to

Oct.

2014

Oct.

2014 to

Nov.

2014

Pearls, stones, precious metals, imitation

jewelry, and coins.............................. XIV 4.362 241.6 235.8 -3.8 -0.4 -1.3 -2.6 -2.4

Base metals and articles of base metals. . .. XV 5.329 162.2 160.5 -2.8 -0.5 -0.5 -0.6 -1.0

Iron and steel.................................... 72 1.434 189.2 182.8 -1.6 -1.7 -1.2 2.4 -3.4

Copper and articles thereof.................... 74 0.553 206.2 206.8 -12.7 -0.9 -2.0 -8.4 0.3

Aluminum and articles thereof................. 76 0.877 124.5 124.6 2.9 1.7 -0.1 -1.2 0.1

Tools, implements, cutlery, spoons and

forks, of base metal; parts thereof.......... 82 0.402 136.4 136.3 0.2 -1.0 -1.2 0.0 -0.1

Miscellaneous articles of base metal. . . . . . . .. 83 0.317 147.1 147.1 -0.1 0.0 0.0 0.0 0.0

Machinery, electrical equipment, TV image

and sound recorders, parts, etc............. XVI 28.161 97.0 96.9 -0.1 0.0 -0.1 -0.2 -0.1

Machinery and mechanical appliances;

parts thereof................................... 84 17.104 112.8 112.7 0.9 -0.1 0.1 0.0 -0.1

Electrical machinery and equipment and

parts and accessories thereof............... 85 11.057 79.9 79.7 -1.7 0.0 -0.2 -0.6 -0.3

Vehicles, aircraft, vessels and associated

transport equipment........................... XVII 13.700 130.1 130.1 1.2 0.0 0.0 0.1 0.0

Motor vehicles and their parts................. 87 8.917 115.3 115.3 0.9 -0.1 0.0 0.2 0.0

Optical, photo, measuring, medical &

musical instruments; & timepieces. . . . . . .. XVIII 6.123 107.9 107.7 0.4 0.4 0.0 -0.1 -0.2

Miscellaneous manufactured articles......... XX 1.448 111.2 110.8 0.9 0.5 -0.4 0.5 -0.4

Furniture; stuffed furnishings; lamps and

lighting fittings nesoi;......................... 94 0.808 123.4 122.5 1.0 0.9 -0.7 1.1 -0.7

Toys, games and sports equipment; parts

and accessories thereof...................... 95 0.485 89.6 89.6 1.2 0.0 0.0 0.1 0.0

1 Relative importance figures are based on 2012 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: November 2013 to November 2014

[2000=100, unless otherwise noted]

Description

Relative

importance

Oct.

20141

Index Percent change

Oct.

2014

Nov.

2014

Annual Monthly

Nov. 2013

to Nov.

2014

July 2014

to Aug.

2014

Aug. 2014

to Sept.

2014

Sept. 2014

to Oct.

2014

Oct. 2014

to Nov.

2014

Industrialized Countries2

.................... 100.000 130.4 128.8 -1.1 -0.8 -0.8 -0.8 -1.2

Nonmanufactured articles................... 11.966 227.0 214.2 -0.6 -7.7 -1.9 -1.0 -5.6

Manufactured articles........................ 87.470 122.6 121.8 -1.1 0.2 -0.7 -0.7 -0.7

Other Countries3

.............................. 100.000 134.9 133.0 -3.2 -0.7 -0.9 -1.0 -1.4

Nonmanufactured articles................... 18.700 316.4 298.5 -11.2 -2.8 -4.0 -3.4 -5.7

Manufactured articles........................ 81.061 108.9 108.5 -1.2 -0.1 -0.1 -0.5 -0.4

Canada.......................................... 100.000 149.6 146.1 -0.8 -2.4 -0.9 -0.6 -2.3

Nonmanufactured articles................... 31.197 219.4 207.1 0.4 -7.8 -1.8 -1.0 -5.6

Manufactured articles........................ 67.940 134.9 133.9 -1.2 0.4 -0.6 -0.4 -0.7

European Union4

.............................. 100.000 136.8 136.0 -0.5 0.2 -0.9 -1.1 -0.6

Manufactured articles........................ 99.341 133.1 132.3 -0.5 0.1 -0.9 -1.0 -0.6

France (Dec. 2003=100)...................... 100.000 123.3 123.2 0.6 0.1 -0.1 0.2 -0.1

Germany (Dec. 2003=100)................... 100.000 119.0 118.5 0.9 0.0 -0.5 0.5 -0.4

United Kingdom (Dec. 2003=100).......... 100.000 130.6 130.4 0.9 -0.1 -0.2 -0.9 -0.2

Latin America5

................................. 100.000 167.3 164.4 -3.7 -1.0 -1.3 -0.7 -1.7

Nonmanufactured articles................... 27.605 339.1 321.0 -8.9 -3.7 -3.8 -0.8 -5.3

Manufactured articles........................ 72.005 129.1 128.6 -1.7 0.1 -0.3 -0.5 -0.4

Mexico (Dec. 2003=100)...................... 100.000 139.1 138.1 -1.9 -0.2 -0.6 -0.9 -0.7

Nonmanufactured articles (Dec.

2008=100).................................. 15.700 180.0 170.8 -8.1 -2.3 -2.6 -3.3 -5.1

Manufactured articles (Dec. 2008=100). .. 84.054 92.4 92.4 -0.9 0.2 -0.2 -0.4 0.0

Pacific Rim (Dec. 2003=100)6

............... 100.000 102.2 102.1 -1.1 -0.2 -0.2 0.1 -0.1

China (Dec. 2003=100)....................... 100.000 103.7 103.7 0.0 -0.2 0.0 0.0 0.0

Japan............................................ 100.000 98.5 98.4 -1.2 0.0 -0.1 0.0 -0.1

Asian NICs7..................................... 100.000 88.9 88.6 -2.5 -0.1 0.1 0.0 -0.3

ASEAN (Dec. 2003=100)8.................... 100.000 102.3 102.1 -2.8 -0.2 -1.4 0.3 -0.2

Asia Near East (Dec. 2003=100)9

........... 100.000 243.4 230.6 -9.6 -1.3 -2.9 -6.5 -5.3

1 Relative importance figures are based on 2012 trade values.

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

3 Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere.

4 European Union countries.

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

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

Countries.

7 Asian Newly Industrialized Countries - Hong Kong, Singapore, South Korea and Taiwan.

8 Association of Southeast Asian Nations - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

9 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: November

2013 to November 2014

[2000=100, unless otherwise noted]

Description

Relative

importance

Oct.

20141

Index Percent change

Oct.

2014

Nov.

2014

Annual Monthly

Nov.

2013 to

Nov.

2014

July 2014

to Aug.

2014

Aug.

2014 to

Sept.

2014

Sept.

2014 to

Oct. 2014

Oct. 2014

to Nov.

2014

Air Freight

Import Air Freight.................................... 100.000 172.5 171.6 -3.6 0.3 -0.7 -1.2 -0.5

Europe (Dec. 2003=100).......................... 27.718 171.6 169.1 -6.5 -0.3 -1.6 -2.7 -1.5

Asia.................................................. 69.059 150.4 150.1 -2.7 0.6 -0.4 -0.7 -0.2

Export Air Freight................................... 100.000 158.8 158.4 7.2 0.1 -0.4 -0.4 -0.3

Europe (Dec. 2006=100).......................... 35.826 143.0 142.9 7.8 0.2 -0.2 0.0 -0.1

Inbound Air Freight................................. 100.000 163.1 162.3 -1.9 0.1 -0.6 -0.8 -0.5

Europe (Dec. 2003=100).......................... 26.967 154.7 152.6 -3.3 -0.2 -1.3 -1.8 -1.4

Asia.................................................. 63.327 146.5 146.2 -1.6 0.2 -0.4 -0.4 -0.2

Outbound Air Freight............................... 100.000 152.9 152.7 4.2 0.0 -0.1 -0.1 -0.1

Europe (Dec. 2003=100).......................... 33.508 171.9 171.9 4.9 0.0 0.0 0.0 0.0

Asia.................................................. 47.126 144.9 144.6 4.1 0.0 -0.1 0.0 -0.2

Air Passenger Fares

Import Air Passenger Fares....................... 100.000 197.9 199.9 1.9 -4.3 -0.3 2.4 1.0

Europe............................................... 46.855 220.5 226.6 1.2 -6.9 3.5 2.3 2.8

Asia.................................................. 25.286 149.7 148.3 -0.7 -3.2 -7.2 1.4 -0.9

Latin America/Caribbean.......................... 9.568 171.2 168.4 -1.3 0.8 -5.5 4.5 -1.6

Export Air Passenger Fares....................... 100.000 184.4 175.4 -1.1 5.5 -11.4 -3.0 -4.9

Europe............................................... 28.201 230.7 217.6 -1.7 -8.8 -2.3 -1.1 -5.7

Asia.................................................. 28.195 152.1 153.2 3.0 19.2 -23.0 -3.4 0.7

Latin America/Caribbean.......................... 18.813 190.0 184.9 -3.6 2.8 -1.5 0.1 -2.7

1 Relative importance figures are based on 2012 trade values.

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

Dash = Not available

14
15 

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."
16 

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). 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.