BLS News Release

Attachment 16 - Feb 2012 New Release.pdf

International Price Program U.S. Export and Import Price Indexes

BLS News Release

OMB: 1220-0025

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USDL-12-0449

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8:30 a.m. (EDT) Wednesday, March 14, 2012
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U.S. IMPORT AND EXPORT PRICE INDEXES – FEBRUARY 2012
U.S. import prices increased 0.4 percent in February, the U.S. Bureau of Labor Statistics reported today, as
higher fuel prices more than offset declining nonfuel prices. The price index for imports was unchanged in
the two previous months. U.S. export prices also rose 0.4 percent in February after a 0.2 percent advance in
January.
Chart 1. One-month percent change in the Import Price Index: February 2011– February 2012
Percent change
4
3.0

3
2

2.6
1.7
0.7

1

0.4

0.1
0.1

0

-0.4

-0.6

-1

-0.1

-0.4

Sep

Oct

0.0

0.0

Dec

Jan

-2
Feb'11

Mar

Apr

May

June

July

Aug

Nov

Feb'12

Chart 2. 12-month percent change in the Import Price Index: February 2011– February 2012
Percent change
16
12.9

13.6

13.7

12.9

11.9
12

12.7
11.1

10.3

10.1
8.5

8

7.6

6.9
5.5

4

0
Feb'11

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec

Jan

Feb'12

All Imports: The 0.4 percent February increase marked only the second time that import prices have
recorded a monthly advance greater than 0.1 percent since the index rose 2.6 percent in April 2011. Prices
for overall imports increased 5.5 percent over the past 12 months, the smallest year-over-year rise since the
index advanced 5.3 percent between December 2009 and December 2010.
Fuel Imports: The price index for import fuel increased 1.4 percent in February after remaining unchanged
in January and falling 0.5 percent in December. Fuel prices advanced 15.2 percent for the year ended in
February. Both the monthly and 12-month rise in fuel prices were driven by higher petroleum prices which
advanced 1.8 percent in February and 18.4 percent over the past 12 months. In contrast, natural gas prices
fell for the third consecutive month, declining a further 10.1 percent in February after recording decreases of
6.8 percent and 4.0 percent the two previous months. Prices for natural gas fell 36.5 percent over the past
year, the largest 12-month drop in the index since a 49.1 percent decrease in October 2009.
All Imports Excluding Fuel: Nonfuel import prices edged down 0.1 percent in February after ticking up
0.1 percent in January. In February, a 3.0 percent drop in food prices and a 0.1 percent decline in capital
goods prices more than offset higher prices for nonfuel industrial supplies and materials. The price index for
nonfuel imports rose 2.3 percent for the year ended in February.
Table A. Percent changes

2

Chart 3. One-month percent change in the Export Price Index: February 2011– February 2012
Percent change
2
1.3

1.5

1

0.8

0.4

0.4

0.5

0.1

0.2

0.1

0.4

0
-0.4
-0.5

-1
-2

-2.0

-3
Feb'11

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec

Jan

Feb'12

Chart 4. 12-month percent change in the Export Price Index: February 2011– February 2012
Percent change
12
10

9.5
8.7

10.1
9.2

9.8

9.4

9.1

9.4

8
6.3
6

4.8
3.6

4

2.5
1.5

2
0
Feb'11

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec

Jan

Feb'12

All Exports: The 0.4 percent advance in export prices in February marked the largest monthly increase
since a 0.5 percent rise in September. Higher nonagricultural prices more than offset a decline in the price
index for agricultural exports. Despite recording the largest monthly increase in five months, overall export
prices rose only 1.5 percent over the past 12 months, the smallest year-over-year advance since a 0.4 percent
rise for the November 2008-09 period.
Agricultural Exports: Agricultural prices fell 0.9 percent in February after rising 1.1 percent the previous
month. The decline was led by lower prices for fruits, cotton, and vegetables, down 6.8 percent, 7.1 percent,
and 6.5 percent, respectively. Corn and soybean prices, which had driven the increase in agricultural prices
in January recorded little movement in February. Prices for corn edged down 0.2 percent for the month,
while soybeans prices rose 0.4 percent. Overall agricultural prices decreased 6.2 percent over the past year.
All Exports Excluding Agriculture: In contrast, prices for nonagricultural exports increased 0.5 percent in
February after recording no change in January. Higher prices for nonagricultural industrial supplies and
materials and each of the major finished goods areas contributed to the increase. The price index for
nonagricultural exports advanced 2.6 percent over the past 12 months.
3

SELECTED FEBRUARY HIGHLIGHTS
Import Prices
Nonfuel Industrial Supplies and Materials: Nonfuel industrial supplies and materials prices increased 1.1
percent in February following a 0.9 percent decline the previous month. A turnaround in metals prices led
the increase in February after contributing to the decline in January. In February, unfinished metals prices
advanced 2.3 percent while finished metals prices rose 1.6 percent.
Finished Goods: Finished goods prices recorded little change overall in February. Prices for capital goods
edged down 0.1 percent, driven by a 1.2 percent drop in the price index for oil drilling, mining, and
construction machinery. Automotive vehicles prices and prices for consumer goods were unchanged.
Foods, Feeds, and Beverages: Prices for foods, feeds, and beverages fell 3.0 percent in February after
rising 2.3 percent in January. The decline was led by a 25.5 percent drop in vegetable prices, which
followed a 13.8 percent increase the previous month. The price indexes for coffee, food oils, and fish also
recorded decreases in February.
Imports by Locality of Origin: Import prices from China ticked up 0.1 percent in February following a 0.3
percent increase the previous month. Prices for imports from China have not recorded a monthly decline
since June 2010, and advanced 5.1 percent from June 2010 to February 2012. Import prices from Canada
and Japan also rose in February, increasing 0.7 percent and 0.2 percent, respectively. In contrast, the price
index for imports from Mexico fell 0.6 percent while prices of imports from the European Union edged
down 0.1 percent.
Transportation Services: Import air passenger fares rose for the third consecutive month in February,
advancing 0.3 percent after a 0.2 percent rise in January and a 1.6 percent increase in December. The
February advance was primarily driven by a 1.3 percent increase in Asian fares. In contrast, import air
freight prices fell for the sixth consecutive month in February, declining a further 1.2 percent.
Export Prices
Nonagricultural Industrial Supplies and Materials: Nonagricultural industrial supplies and materials
prices advanced 1.2 percent in February following a 0.4 percent decline in January. Higher prices for
nonferrous metals, chemicals, and steelmaking materials—up 4.4 percent, 0.9 percent, and 7.0 percent,
respectively—all contributed to the February increase in the price index for nonagricultural industrial
supplies and materials.
Finished Goods: Each of the major finished goods categories increased for the second consecutive month
in February. Capital goods prices rose 0.2 percent following a 0.3 percent advance in January, driven by a
1.0 percent increase in prices for transportation equipment, excluding motor vehicles. The price index for
consumer goods advanced 0.3 percent for the second consecutive month, and prices for automotive vehicles
rose 0.2 percent in February following a 0.2 percent increase the previous month.
Transportation Services: Export air passenger fares dropped 11.2 percent in February after rising 2.3
percent and 3.8 percent, respectively, in each of the two previous months. The decrease in February was
primarily led by a 17.8 percent drop in Asian fares and an 11.4 percent decline in Latin American/Caribbean
fares. Export air freight prices increased 0.3 percent in February after a 1.6 percent advance in January.
Import and Export Price Index data for March 2012 are scheduled for release on Wednesday, April
11, 2012 at 8:30 a.m. (EDT).
4

Table 1. U.S. import price indexes and percent changes for selected categories of goods: February 2011 to
February 2012
[2000=100, unless otherwise noted]
Index
Description

Relative
importance
End Use
Jan.
20121

Percent change
Annual

Jan.
2012

Feb.
2012

Feb.
2011 to
Feb.
2012

Monthly
Oct. 2011
to Nov.
2011

Nov.
2011 to
Dec.
2011

Dec.
2011 to
Jan.
2012

Jan.
2012 to
Feb.
2012

All commodities.................................... .
All imports excluding food and fuels (Dec.
2010=100). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

100.000

142.2

142.7

5.5

0.7

0.0

0.0

0.4

70.454

103.2

103.5

2.4

-0.2

0.2

-0.2

0.3

All imports excluding petroleum. . . . . . . . . . . . . . . .
All imports excluding fuels (Dec. 2001=100).. .

76.732
75.640

116.4
120.6

116.2
120.5

1.6
2.3

-0.3
-0.2

0.1
0.2

0.0
0.1

-0.2
-0.1

5.186

176.4

171.1

2.0

-0.2

-0.5

2.3

-3.0

Agricultural foods, feeds & beverages,
excluding distilled beverages. . . . . . . . . . . . . . . 00

4.025

198.9

191.8

1.5

0.1

-0.5

2.5

-3.6

Nonagricultural foods (fish, distilled
beverages). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 01

1.161

125.5

124.3

4.0

-1.2

-0.3

1.5

-1.0

37.378

262.5

265.8

11.0

1.7

-0.4

-0.3

1.3

14.110

165.7

166.3

-0.5

-1.3

-0.5

-1.3

0.4

13.018
7.756

188.2
178.3

190.2
180.9

3.3
2.1

-1.7
-2.5

-0.2
0.0

-0.9
-0.9

1.1
1.5

5.262

150.8

149.5

-3.5

0.1

-1.1

-1.8

-0.9

24.359
23.267
17.472
0.791
0.690

355.9
398.3
406.9
108.4
94.6

360.9
405.4
412.8
98.2
85.0

15.2
18.4
17.2
-34.0
-36.5

3.4
3.5
4.4
2.5
3.6

-0.5
-0.4
0.3
-4.2
-4.0

0.0
0.3
-0.4
-5.8
-6.8

1.4
1.8
1.4
-9.4
-10.1

Paper & paper base stocks. . . . . . . . . . . . . . . . . . . 11

0.579

112.5

112.1

-2.9

-0.9

-1.2

-2.0

-0.4

Materials associated with nondurable
supplies & materials. . . . . . . . . . . . . . . . . . . . . . . . . 12

4.790

174.3

175.1

7.3

-0.3

-0.4

-0.5

0.5

Selected building materials. . . . . . . . . . . . . . . . . . . . 13

0.969

131.3

131.9

1.6

-0.1

0.4

0.5

0.5

Unfinished metals related to durable
goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

3.686

272.0

278.3

-0.4

-5.1

0.2

-2.1

2.3

Finished metals related to durable goods. . . 15

1.513

161.0

163.5

5.1

0.1

-0.2

-0.7

1.6

Foods, feeds, & beverages. . . . . . . . . . . . . . . . . . . . 0

Industrial supplies & materials............... . 1
Industrial supplies & materials excluding
petroleum. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Industrial supplies & materials excluding
fuels (Dec. 2001=100). . . . . . . . . . . . . . . . . . . . . . .
Industrial supplies & materials, durable. . . . . .
Industrial supplies & materials nondurable
excluding petroleum. . . . . . . . . . . . . . . . . . . . . . . . .
Fuels & lubricants.............................. .
Petroleum & petroleum products. . . . . . . . . . .
Crude. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fuels, n.e.s.-coals & gas. . . . . . . . . . . . . . . . . . . .
Gas-natural. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10
100
10000
101
10110

Nonmetals related to durable goods. . . . . . . . . 16

1.481

114.7

114.8

3.1

-0.4

-0.5

-0.4

0.1

22.109

93.5

93.4

1.1

0.1

0.3

0.4

-0.1

Electric generating equipment. . . . . . . . . . . . . . . . 20

2.849

118.6

118.6

3.2

-0.1

-0.1

0.2

0.0

Nonelectrical machinery. . . . . . . . . . . . . . . . . . . . . . . 21

17.648

86.7

86.7

0.3

0.0

0.3

0.3

0.0

Transportation equipment excluding motor
vehicles (Dec. 2001=100). . . . . . . . . . . . . . . . . . . 22

1.612

131.6

131.6

6.2

0.9

0.9

1.2

0.0

Automotive vehicles, parts & engines. . . . . . . 3

11.423

113.8

113.8

3.6

0.1

0.0

0.4

0.0

Consumer goods, excluding automotives.. . 4

23.904

107.3

107.3

2.3

0.1

0.3

-0.3

0.0

Nondurables, manufactured. . . . . . . . . . . . . . . . . . . 40

11.460

114.3

114.0

2.8

0.1

0.0

0.0

-0.3

Durables, manufactured. . . . . . . . . . . . . . . . . . . . . . . 41

11.158

99.8

99.9

1.0

0.1

0.3

-0.5

0.1

Nonmanufactured consumer goods. . . . . . . . . . 42

1.286

118.6

119.8

11.6

-0.5

4.2

-0.6

1.0

Capital goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

1 Relative importance figures are based on 2010 trade values.
NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available

5

Table 2. U.S. export price indexes and percent changes for selected categories of goods: February 2011 to
February 2012
[2000=100, unless otherwise noted]
Index
Description

Relative
importance
End Use
Jan.
20121

Percent change
Annual

Jan.
2012

Feb.
2012

Feb.
2011 to
Feb.
2012

Monthly
Oct. 2011
to Nov.
2011

Nov.
2011 to
Dec.
2011

Dec.
2011 to
Jan.
2012

Jan.
2012 to
Feb.
2012

-0.5
-2.3

0.2
1.1

0.4
-0.9

All commodities.................................... .
Agricultural commodities. . . . . . . . . . . . . . . . . . . . . . . . .
All exports excluding food and fuels (Dec.
2010=100). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

100.000
10.743

132.3
202.7

132.8
200.8

1.5
-6.2

0.1
1.7

81.327

102.3

102.9

1.4

-0.5

0.0

-0.1

0.6

Nonagricultural commodities. . . . . . . . . . . . . . . . . . . .

89.258

127.3

128.0

2.6

-0.2

-0.2

0.0

0.5

9.804

201.5

199.8

-1.8

2.1

-2.0

1.3

-0.8

Agricultural foods, feeds & beverages,
excluding distilled beverages. . . . . . . . . . . . . . . 00

9.095

203.7

201.8

-3.3

2.3

-2.2

1.2

-0.9

Nonagricultural foods (fish, distilled
beverages). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 01

0.709

186.0

186.5

19.6

-1.2

0.7

1.2

0.3

34.540
12.232

183.6
184.6

185.7
188.9

1.9
3.1

-0.2
-1.5

-0.8
0.5

-0.4
-1.9

1.1
2.3

22.310

183.9

184.7

1.3

0.5

-1.5

0.4

0.4

1.648

200.7

198.5

-19.8

-1.4

-2.9

0.0

-1.1

32.893

183.2

185.4

3.3

-0.1

-0.7

-0.4

1.2

Fuels & lubricants.............................. . 11

8.870

273.1

273.6

7.9

3.4

-2.9

1.2

0.2

Nonagricultural supplies & materials
excluding fuels & building materials. . . . . . . 12

23.092

171.8

174.7

1.9

-1.4

0.2

-1.1

1.7

Selected building materials. . . . . . . . . . . . . . . . . . . . 13

0.931

115.4

116.4

0.2

0.1

-0.6

-0.2

0.9

Foods, feeds, & beverages. . . . . . . . . . . . . . . . . . . . 0

Industrial supplies & materials............... . 1
Industrial supplies & materials, durable. . . . . .
Industrial supplies & materials,
nondurable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Agricultural industrial supplies & materials.. . 10
Nonagricultural industrial supplies &
materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Capital goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

34.525

104.9

105.1

1.1

-0.1

0.1

0.3

0.2

Electrical generating equipment. . . . . . . . . . . . . . 20

3.543

112.9

113.3

2.4

-0.7

-0.1

0.1

0.4

Nonelectrical machinery. . . . . . . . . . . . . . . . . . . . . . . 21

25.052

94.4

94.4

0.4

-0.1

0.0

0.2

0.0

Transportation equipment excluding motor
vehicles (Dec. 2001=100). . . . . . . . . . . . . . . . . . . 22

5.929

146.8

148.2

2.8

0.1

0.3

0.8

1.0

Automotive vehicles, parts & engines. . . . . . . 3

8.231

112.1

112.3

2.8

0.1

-0.1

0.2

0.2

Consumer goods, excluding automotives.. . 4

12.900

117.1

117.4

3.7

-0.2

0.1

0.3

0.3

Nondurables, manufactured. . . . . . . . . . . . . . . . . . . 40

5.954

114.7

114.9

1.6

-0.2

0.3

0.7

0.2

Durables, manufactured. . . . . . . . . . . . . . . . . . . . . . . 41

5.355

113.3

113.8

1.7

-0.1

-0.1

0.1

0.4

1 Relative importance figures are based on 2010 trade values.
NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available

6

Table 3. U.S. import price indexes and percent changes for selected categories of goods: February 2011 to
February 2012
[December 2005=100, unless otherwise noted]
Index

Percent change

Relative
importance
Jan.
20121

Jan.
2012

Feb.
2012

Feb.
2011 to
Feb.
2012

20.852

173.7

174.6

Agriculture, forestry, fishing and hunting.. . 11
Crop production. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111

1.873
1.351

176.9
186.6

Mining. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Mining (except oil and gas) (Dec.
2006=100).................................... . 212

18.979
0.356

Description

NAICS

Nonmanufactured articles. . . . . . . . . . . . . . . . . . . . . . . .

Manufactured articles............................. .
Manufactured goods, part 1. . . . . . . . . . . . . . . . . . .
Food manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Beverage and tobacco product
manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textile product mills. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Apparel manufacturing. . . . . . . . . . . . . . . . . . . . . . . . .
Leather and allied product manufacturing. . .
Manufactured goods, part 2. . . . . . . . . . . . . . . . . . .
Wood product manufacturing. . . . . . . . . . . . . . . . .
Paper manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . .
Petroleum and coal products
manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chemical manufacturing. . . . . . . . . . . . . . . . . . . . . . .
Plastics and rubber products
manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonmetallic mineral product
manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Manufactured goods, part 3. . . . . . . . . . . . . . . . . . .
Primary metal manufacturing. . . . . . . . . . . . . . . . . .
Fabricated metal product manufacturing. . . .
Machinery manufacturing. . . . . . . . . . . . . . . . . . . . . .
Computer and electronic product
manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Electrical equipment, appliance, and
component manufacturing. . . . . . . . . . . . . . . . . .
Transportation equipment manufacturing. . . .
Furniture and related product
manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Miscellaneous manufacturing. . . . . . . . . . . . . . . . .

Annual

Monthly
Oct. 2011
to Nov.
2011

Nov.
2011 to
Dec.
2011

Dec.
2011 to
Jan.
2012

Jan.
2012 to
Feb.
2012

11.5

3.5

-0.1

-0.5

0.5

167.1
171.0

-4.4
-3.7

-1.7
-1.4

-0.2
0.2

1.0
2.7

-5.5
-8.4

173.0

175.0

13.3

4.1

-0.1

-0.6

1.2

157.6

171.8

17.6

-2.7

-2.7

7.5

9.0

78.689

118.1

118.5

3.8

-0.1

-0.1

0.2

0.3

31
311

10.771
3.014

124.9
159.9

125.3
160.5

7.5
9.0

0.2
0.6

0.2
0.5

0.8
1.6

0.3
0.4

312
314
315
316

0.839
0.876
4.043
1.602

112.1
117.8
111.8
118.5

111.9
117.8
112.0
119.4

1.7
8.4
6.8
8.8

0.1
-0.1
-0.1
0.9

-0.1
-0.1
-0.2
0.4

0.2
-0.6
0.4
1.4

-0.2
0.0
0.2
0.8

32
321
322

17.942
0.573
1.072

140.2
108.1
110.3

141.3
108.8
110.0

7.6
0.2
-0.4

0.1
-0.6
-0.2

-0.9
0.3
-0.6

0.4
0.7
-1.3

0.8
0.6
-0.3

324
325

4.945
8.567

183.3
133.1

189.0
132.8

25.7
1.0

1.1
-0.4

-2.4
-0.5

3.1
-0.9

3.1
-0.2

326

1.873

127.2

127.2

6.4

0.1

-0.2

1.1

0.0

327

0.822

129.1

129.4

2.9

0.3

0.3

0.5

0.2

33
331
332
333

49.977
4.238
2.519
5.537

109.9
177.2
129.3
120.2

110.1
180.4
130.0
120.5

1.6
-0.7
6.3
3.2

-0.3
-4.2
0.5
0.2

0.3
0.3
0.3
0.0

-0.1
-2.5
0.1
0.7

0.2
1.8
0.5
0.2

334

15.458

83.1

83.0

-1.9

0.0

0.4

0.2

-0.1

335
336

3.771
12.061

117.4
110.7

117.6
110.8

2.9
3.7

0.1
0.3

0.2
0.2

0.0
0.3

0.2
0.1

337
339

1.292
5.102

112.9
121.9

112.8
122.2

4.3
3.6

0.1
0.4

-0.1
0.4

0.0
-1.1

-0.1
0.2

1 Relative importance figures are based on 2010 trade values.
NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available

7

Table 4. U.S. export price indexes and percent changes for selected categories of goods: February 2011 to
February 2012
[December 2005=100, unless otherwise noted]
Index

Percent change

Relative
importance
Jan.
20121

Jan.
2012

Feb.
2012

Feb.
2011 to
Feb.
2012

8.377

165.9

162.9

Agriculture, forestry, fishing and hunting.. . 11
Crop production. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111

6.130
5.719

190.6
197.9

Mining. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Mining (except oil and gas)................... . 212

2.247
1.578

Description

NAICS

Nonmanufactured articles. . . . . . . . . . . . . . . . . . . . . . . .

Manufactured articles............................. .
Manufactured goods, part 1. . . . . . . . . . . . . . . . . . .
Food manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Beverage and tobacco product
manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Apparel manufacturing. . . . . . . . . . . . . . . . . . . . . . . . .
Manufactured goods, part 2. . . . . . . . . . . . . . . . . . .
Wood product manufacturing. . . . . . . . . . . . . . . . .
Paper manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . .
Petroleum and coal products
manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Chemical manufacturing. . . . . . . . . . . . . . . . . . . . . . .
Plastics and rubber products
manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonmetallic mineral product
manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Manufactured goods, part 3. . . . . . . . . . . . . . . . . . .
Primary metal manufacturing. . . . . . . . . . . . . . . . . .
Fabricated metal product manufacturing. . . .
Machinery manufacturing. . . . . . . . . . . . . . . . . . . . . .
Computer and electronic product
manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Electrical equipment, appliance, and
component manufacturing. . . . . . . . . . . . . . . . . .
Transportation equipment manufacturing. . . .
Miscellaneous manufacturing. . . . . . . . . . . . . . . . .

Annual

Monthly
Oct. 2011
to Nov.
2011

Nov.
2011 to
Dec.
2011

Dec.
2011 to
Jan.
2012

Jan.
2012 to
Feb.
2012

-10.3

2.4

-2.8

0.3

-1.8

188.4
195.1

-11.5
-12.6

3.4
4.3

-3.2
-3.4

2.2
2.5

-1.2
-1.4

112.8
138.2

108.8
139.3

-6.2
3.5

-0.2
-0.9

-1.6
-1.1

-4.4
-2.2

-3.5
0.8

88.636

120.1

120.7

3.2

-0.1

-0.2

0.3

0.5

31
311

6.977
4.854

142.3
162.4

142.8
162.7

2.7
5.1

-0.4
-0.5

-0.8
-1.0

-0.7
-0.2

0.4
0.2

312
315

0.546
0.421

114.1
119.8

115.5
119.8

0.9
8.5

1.4
1.1

-0.6
1.5

-0.8
1.0

1.2
0.0

32
321
322

26.533
0.408
1.842

133.5
114.9
118.8

134.7
116.0
118.6

4.7
-2.7
-5.3

0.5
-0.2
-1.7

-0.8
0.4
-1.6

0.8
0.3
-0.7

0.9
1.0
-0.2

324
325

6.258
15.085

167.5
131.2

171.4
132.1

11.4
3.6

4.3
-0.5

-3.6
0.3

2.3
0.2

2.3
0.7

326

2.185

116.7

117.1

7.4

-0.1

-0.1

0.6

0.3

327

0.755

111.0

110.9

0.4

-0.1

-0.3

0.3

-0.1

33
331
332
333

55.126
4.851
2.636
11.144

112.8
172.5
129.4
120.2

113.1
174.7
127.6
120.3

2.4
4.4
1.6
4.0

-0.4
-2.7
0.5
0.2

0.2
1.3
0.2
0.0

0.1
-4.1
0.3
2.0

0.3
1.3
-1.4
0.1

334

14.404

89.3

89.3

-1.5

-0.2

0.0

-0.2

0.0

335
336
339

3.209
13.361
5.231

111.6
115.6
123.3

112.2
116.2
123.7

1.9
2.7
8.6

-0.4
0.1
-0.2

-0.4
0.2
-0.1

0.5
0.4
-0.6

0.5
0.5
0.3

1 Relative importance figures are based on 2010 trade values.
NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available

8

Table 5. U.S. import price indexes and percent changes for selected categories of goods: February 2011 to
February 2012
[2000=100, unless otherwise noted]
Index

Percent change

Relative
importance
Jan.
20121

Jan.
2012

Feb.
2012

Live animals; animal products. . . . . . . . . . . . . . . . . . . I
Meat and edible meat offal. . . . . . . . . . . . . . . . . . . . . . . 02
Fish and crustaceans, molluscs and other
aquatic invertebrates. . . . . . . . . . . . . . . . . . . . . . . . . . . 03

1.178
0.274

169.8
220.8

168.5
218.2

0.622

124.2

Vegetable products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Edible vegetables, roots, and tubers. . . . . . ..... .
Edible fruit and nuts; peel of citrus fruit or
melons. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Coffee, tea, mate and spices. . . . . . . . . . . . . . . . . . . .

II
07

1.701
0.365

218.0
365.9

08
09

0.461
0.455

Animal or vegetable fats and oils (Dec.
2009=100). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . III

Harmonized
system

Annual

Monthly
Oct. 2011
to Nov.
2011

Nov.
2011 to
Dec.
2011

Dec.
2011 to
Jan.
2012

Jan.
2012 to
Feb.
2012

3.3
5.5

-0.6
3.0

-0.2
-0.5

2.0
2.6

-0.8
-1.2

122.4

0.9

-2.4

-0.8

2.2

-1.4

204.7
248.8

4.8
-15.1

-1.1
0.5

1.8
-4.1

3.0
19.4

-6.1
-32.0

116.9
298.8

118.9
288.8

-4.3
23.9

-0.6
-1.0

-0.2
2.9

2.9
1.0

1.7
-3.3

0.263

135.7

130.6

-17.0

2.1

1.6

1.2

-3.8

IV

2.372

158.3

158.3

5.2

0.3

-0.6

0.6

0.0

18

0.182

85.4

86.9

-15.9

2.2

-12.0

0.6

1.8

19

0.222

124.9

124.8

-1.7

-0.1

-0.2

-0.3

-0.1

20
22

0.356
0.795

177.8
122.8

176.1
122.6

15.4
2.3

4.2
0.0

2.4
-0.1

2.1
0.2

-1.0
-0.2

Mineral products................................... . V
Mineral fuels, oils and residuals, bituminous
substances and mineral waxes. . . . . . . . . . . . . . . 27

24.059

358.0

363.6

15.8

3.3

-0.5

0.1

1.6

23.712

353.7

358.7

15.5

3.4

-0.5

0.0

1.4

VI
28
29
30
31

8.095
0.902
2.405
2.936
0.434

147.9
365.7
137.8
114.7
137.8

146.7
353.8
138.4
113.1
138.6

0.3
0.7
1.2
-2.7
14.5

0.2
2.7
-0.4
0.0
0.6

-0.5
-1.8
-0.3
0.1
-4.2

-1.0
-5.2
0.5
-1.5
-4.8

-0.8
-3.3
0.4
-1.4
0.6

32

0.178

103.4

103.1

–

–

–

3.4

-0.3

33
38

0.413
0.472

125.4
103.4

124.0
103.2

0.2
-3.3

-0.6
-1.6

-0.7
0.3

0.7
-1.2

-1.1
-0.2

Plastics and articles thereof; rubber and
articles thereof. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . VII
Plastics and articles thereof. . . . . . . . . . . . . . . . . . . .. . 39
Rubber and articles thereof. . . . . . . . . . . . . . . . . . . . . . 40

3.064
1.859
1.205

151.9
143.2
168.6

152.2
142.9
170.1

4.2
5.2
2.7

-0.5
-0.4
-0.7

-0.5
0.6
-2.3

-0.1
0.2
-0.4

0.2
-0.2
0.9

0.579

125.6

126.8

8.6

0.5

0.1

1.9

1.0

0.532

126.3

127.6

9.1

0.6

0.1

2.0

1.0

0.602

130.7

131.5

0.5

-0.5

0.2

0.6

0.6

1.173

113.0

113.0

-0.4

-0.1

-0.6

-1.1

0.0

0.169

95.6

96.1

–

–

–

-4.4

0.5

0.794

109.1

108.7

1.3

0.5

-0.2

-0.5

-0.4

5.190

115.7

116.0

7.2

-0.2

-0.2

0.3

0.3

2.010

106.5

106.6

3.9

-0.5

-0.2

0.3

0.1

Description

Prepared foodstuffs, beverages, and
tobacco. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cocoa and cocoa preparations (Dec.
2009=100). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preparations of cereals, flour, starch or milk;
bakers’ wares (Dec. 2007=100). . . . . . . . . . . . . .
Preparations of vegetables, fruit, nuts, or other
parts of plants. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Beverages, spirits, and vinegar. . . . . . . . . . . . . . . . . .

Products of the chemical or allied
industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inorganic chemicals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Organic chemicals................................ .
Pharmaceutical products. . . . . . . . . . . . . . . . . . . . . . . . .
Fertilizers (Dec. 2009=100). . . . . . . . . . . . . . . . . . . . . .
Tanning extracts; dye, pigments, varnish,
paints & putty (Dec. 2011=100). . . . . . . . . . . . . . .
Essential oils and resinoids (Dec.
2001=100). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Miscellaneous chemical products. . . . . . . . . . . . . . .

Raw hides, skins, leather, furskins, travel
goods, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . VIII
Articles of leather; travel goods, bags, etc. of
various materials..... . . . . . . . . . . . . . . . . . . . . . . . . .. . 42
Wood, wood charcoal, cork, straw,
basketware and wickerwork. . . . . . . . . . . . . . . . . . . IX
Woodpulp, recovered paper, and paper
products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
Pulp wood, waste paper, and paperboard
(Dec. 2011=100). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Paper and paperboard; articles of paper pulp,
paper or paperboard. . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Textile and textile articles. . . . . . . . . . . . . . . . . . . . . . . . XI
Articles of apparel and clothing accessories,
knitted or crocheted. . . . . . . . . . . . . . . . . . . . . . . . . . . . 61

See footnotes at end of table.

9

Feb.
2011 to
Feb.
2012

Table 5. U.S. import price indexes and percent changes for selected categories of goods: February 2011 to
February 2012 — Continued
[2000=100, unless otherwise noted]
Index

Percent change

Relative
importance
Jan.
20121

Jan.
2012

Feb.
2012

Feb.
2011 to
Feb.
2012

Articles of apparel and clothing accessories,
not knitted or crocheted. . . . . . . . . . . . . . . . . . . . . . . . 62
Made-up or worn textile articles. . . . . . . . . . . . . . . . . 63

1.899
0.644

117.6
112.0

118.0
112.1

Headgear, umbrellas, artifical flowers, etc.. . . XII
Footwear and parts of such articles. . . . . . . . . . . . 64

1.311
1.114

117.7
116.7

XIII

0.745

68
69
70

Description

Stone, plaster, cement, asbestos, ceramics,
glass etc.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Articles of stone, plaster, cement, asbestos, or
mica (Dec. 2001=100). . . . . . . . . . . . . . . . . . . . . . . . .
Ceramic products................................. .
Glass and glassware............................. .

Harmonized
system

Oct. 2011
to Nov.
2011

Dec.
2011 to
Jan.
2012

Jan.
2012 to
Feb.
2012

11.2
9.3

0.2
-0.2

-0.2
0.0

0.7
-0.7

0.3
0.1

118.1
117.1

7.5
7.6

1.1
1.0

0.5
0.6

0.6
0.6

0.3
0.3

131.2

131.1

2.9

0.3

0.2

0.2

-0.1

0.238
0.224
0.283

124.1
141.2
126.5

124.3
141.2
126.1

3.3
1.4
3.5

0.2
0.0
0.6

0.1
0.1
0.4

-0.1
0.0
0.6

0.2
0.0
-0.3

3.275

203.1

206.1

13.7

-2.1

2.6

-1.9

1.5

XV
72
73
74
75
76

4.830
1.134
1.406
0.437
0.135
0.695

189.3
246.8
161.3
344.2
104.9
138.3

191.1
245.2
160.6
367.1
111.2
141.0

-1.9
-0.4
4.1
-12.0
-19.4
-5.5

-2.2
-2.9
0.0
-5.5
-7.5
-2.6

-0.5
-0.6
-0.1
0.4
-2.4
-2.4

0.1
0.2
-0.1
1.3
-1.6
-1.3

1.0
-0.6
-0.4
6.7
6.0
2.0

82
83

0.356
0.398

126.8
132.3

126.7
133.0

3.5
3.6

0.0
0.0

0.4
-0.1

2.1
0.5

-0.1
0.5

24.649

86.2

86.2

0.3

0.1

0.2

0.3

0.0

12.362

89.8

89.9

1.2

0.2

0.2

0.9

0.1

12.287

82.8

82.7

-0.5

-0.1

0.4

-0.1

-0.1

10.069
9.296

115.0
114.2

115.1
114.3

3.6
3.9

0.0
0.0

0.1
0.2

0.3
0.2

0.1
0.1

0.686

116.1

116.2

0.6

0.0

0.0

0.3

0.1

3.167

103.8

103.9

-0.3

0.2

0.5

-2.1

0.1

2.917
0.189

101.3
127.6

101.5
127.6

-0.5
2.0

0.1
-0.2

0.5
-0.1

-2.2
-0.1

0.2
0.0

XX

3.623

111.3

111.4

3.1

0.0

0.0

-0.3

0.1

94

1.922

114.5

114.4

3.2

0.0

-0.1

-0.6

-0.1

95
96

1.505
0.196

104.8
132.6

104.9
133.5

3.0
4.3

0.1
0.0

0.1
-0.4

0.2
-0.1

0.1
0.7

Machinery, electrical equipment, TV image
and sound recorders, parts, etc.............. . XVI
Machinery and mechanical appliances; parts
thereof........................................... . 84
Electrical machinery and equip, sound and TV
recorders & reproducers, parts. . . . . . . . . . . . . . . 85
Vehicles, aircraft, vessels and associated
transport equipment............................ . XVII
Motor vehicles and their parts. . . . . . . . . . . . . . . . . . . 87
Aircraft, spacecraft, and parts thereof (Dec.
2002=100). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88
Optical, photo, measuring, medical & musical
instruments; & timepieces. . . . . . . . . . . . . . . . . . . . . XVIII
Optical, photographic, measuring and medical
instruments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90
Clocks and watches and parts thereof. . . . . . . . . 91
Miscellaneous manufactured articles. . . . . . . . . .
Furniture & stuffed furnishings; lamps &
lighting fittings, nesoi; prefab bldgs.......... .
Toys, games and sports equipment; parts and
accessories thereof. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Miscellaneous manufactured articles. . . . . . . . . . .

Monthly
Nov.
2011 to
Dec.
2011

Pearls, stones, precious metals, imitation
jewelry, and coins. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . XIV
Base metals and articles of base metals. . . . . .
Iron and steel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Articles of iron or steel. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Copper and articles thereof. . . . . . . . . . . . . . . . . . . . . .
Nickel and articles thereof (Dec. 2009=100). . .
Aluminum and articles thereof. . . . . . . . . . . . . . . . . . .
Tools, implements, cutlery, spoons and forks,
of base metal; parts thereof. . . . . . . . . . . . . . . . . . .
Miscellaneous articles of base metal. . . . . . . . . . .

Annual

1 Relative importance figures are based on 2010 trade values.
NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available

10

Table 6. U.S. export price indexes and percent changes for selected categories of goods: February 2011 to
February 2012
[2000=100, unless otherwise noted]
Index

Percent change

Relative
importance
Jan.
20121

Jan.
2012

Feb.
2012

Feb.
2011 to
Feb.
2012

Live animals; animal products. . . . . . . . . . . . . . . . . . . I
Meat & edible meat offal (Dec. 2006=100). . . . 02
Fish and crustaceans, molluscs and other
aquatic invertebrates. . . . . . . . . . . . . . . . . . . . . . . . . . . 03

1.939
1.119

205.7
168.6

204.1
168.8

0.405

202.1

Vegetable products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Edible fruit and nuts; peel of citrus fruit or
melons. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cereals............................................. .
Oilseeds and misc. grains, seeds, fruits,
plants, straw and fodder. . . . . . . . . . . . . . . . . . . . . . .

II

5.596

235.9

08
10

0.832
2.172

12

Animal or vegetable fats and oils (Dec.
2009=100). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . III

Harmonized
system

Annual

Monthly
Oct. 2011
to Nov.
2011

Nov.
2011 to
Dec.
2011

Dec.
2011 to
Jan.
2012

Jan.
2012 to
Feb.
2012

10.9
11.3

-0.1
0.2

-0.1
-0.6

-1.0
-0.8

-0.8
0.1

202.1

21.6

-1.0

2.0

0.6

0.0

233.5

-6.6

4.8

-2.4

1.6

-1.0

132.3
279.8

127.2
279.4

-5.2
-5.7

4.8
6.3

6.7
-7.1

-4.6
3.2

-3.9
-0.1

1.979

243.3

244.6

-10.0

4.1

-3.3

5.2

0.5

0.474

147.3

144.4

-8.1

-1.8

-1.7

1.1

-2.0

IV

2.596

149.0

150.1

1.8

-1.3

-1.1

0.1

0.7

20

0.321

109.6

110.0

4.7

0.2

-0.9

0.4

0.4

22

0.391

106.0

105.9

1.6

-0.3

0.1

0.8

-0.1

23

0.708

202.2

205.0

-6.4

-4.7

-2.4

-1.7

1.4

Mineral products................................... . V
Mineral fuels, oils and residuals, bituminous
substances and mineral waxes. . . . . . . . . . . . . . . 27

8.812

320.6

322.8

7.4

2.9

-2.8

0.8

0.7

8.201

317.5

318.6

8.2

3.2

-3.1

1.1

0.3

VI
28
29
30

12.306
0.977
3.474
3.183

154.5
178.8
167.6
124.6

155.2
177.6
170.8
124.8

3.5
-8.7
6.6
0.5

0.3
0.2
0.4
-0.2

0.2
1.2
0.8
-0.4

-0.3
-9.7
0.5
0.8

0.5
-0.7
1.9
0.2

33

0.761

134.9

135.3

6.0

-0.3

0.2

1.1

0.3

34
38

0.474
1.789

124.1
153.8

122.9
153.7

-0.1
5.9

1.3
0.1

-0.1
0.4

-0.5
1.9

-1.0
-0.1

Plastics and articles thereof; rubber and
articles thereof. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . VII
Plastics and articles thereof. . . . . . . . . . . . . . . . . . . .. . 39
Rubber and articles thereof. . . . . . . . . . . . . . . . . . . . . . 40

5.467
4.399
1.068

147.7
138.9
188.7

149.3
140.1
192.3

4.3
2.5
12.1

-2.3
-2.0
-3.8

-0.1
0.1
-1.1

0.3
0.7
-1.3

1.1
0.9
1.9

Raw hides, skins, leather, furskins, travel
goods, etc.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . VIII

0.352

123.4

126.2

-2.0

-4.9

-2.4

2.1

2.3

Wood, wood charcoal, cork, straw,
basketware and wickerwork. . . . . . . . . . . . . . . . . . . IX

0.527

105.8

107.8

-1.9

0.2

-1.6

-1.8

1.9

X
47

2.321
0.631

117.1
122.9

117.7
126.2

-7.5
-18.4

-3.8
-10.2

-2.7
-7.3

0.3
1.5

0.5
2.7

48
49

1.238
0.452

117.2
119.4

116.6
119.4

-2.3
1.2

-0.8
0.0

-0.7
0.0

-0.1
0.1

-0.5
0.0

Textile and textile articles. . . . . . . . . . . . . . . . . . . . . . . . XI
Cotton, including yarns and woven fabrics
thereof........................................... . 52

2.017

132.3

130.4

-16.8

-0.7

-1.9

0.0

-1.4

0.672

166.3

158.3

-40.2

-2.5

-5.5

-1.5

-4.8

0.742
0.405

116.6
98.7

116.9
98.6

1.2
-0.4

0.0
-0.1

-0.3
-0.5

0.2
-0.1

0.3
-0.1

Description

Prepared foodstuffs, beverages,and
tobacco. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preparations of vegetables, fruit, nuts or other
parts of plants (Dec. 2009=100). . . . . . . . . . . . . .
Beverages, spirits, and vinegar (Dec.
2008=100). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Residues and waste from the food industries;
prepared animal feed.......................... .

Products of the chemical or allied
industries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inorganic chemicals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Organic chemicals................................ .
Pharmaceutical products. . . . . . . . . . . . . . . . . . . . . . . . .
Essential oils and resinoids; perfumery
cosmetic or toilet preparations. . . . . . . . . . . . . . . .
Soap; lubricants; waxes, polishing or scouring
products; candles, pastes. . . . . . . . . . . . . . . . . . . . .
Miscellaneous chemical products. . . . . . . . . . . . . . .

Woodpulp, recovered paper, and paper
products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Woodpulp and recovered paper. . . . . . . . . . . . . . . . .
Paper and paperboard; articles of paper pulp,
paper or paperboard. . . . . . . . . . . . . . . . . . . . . . . . . . .
Printed material. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Stone, plaster, cement, asbestos, ceramics,
glass etc. (Dec. 2008=100). . . . . . . . . . . . . . . . . . . . . XIII
Glass and glassware............................. . 70

See footnotes at end of table.

11

Table 6. U.S. export price indexes and percent changes for selected categories of goods: February 2011 to
February 2012 — Continued
[2000=100, unless otherwise noted]
Index
Description

Harmonized
system

Pearls, stones, precious metals, imitation
jewelry, and coins. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . XIV
Base metals and articles of base metals. . . . . .
Iron and steel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Articles of iron or steel. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Copper and articles thereof. . . . . . . . . . . . . . . . . . . . . .
Aluminum and articles thereof. . . . . . . . . . . . . . . . . . .
Tools, implements, cutlery, spoons and forks,
of base metal; parts thereof. . . . . . . . . . . . . . . . . . .
Miscellaneous articles of base metal. . . . . . . . . . .

Percent change

Relative
importance
Jan.
20121

Jan.
2012

Feb.
2012

Feb.
2011 to
Feb.
2012

Annual

Monthly
Oct. 2011
to Nov.
2011

Nov.
2011 to
Dec.
2011

Dec.
2011 to
Jan.
2012

Jan.
2012 to
Feb.
2012

5.380

283.8

291.2

20.0

-1.6

1.5

-4.0

2.6

XV
72
73
74
76

5.620
1.752
1.380
0.653
0.836

175.8
219.5
173.6
248.0
126.5

178.9
227.9
170.7
261.5
128.8

-2.8
-5.1
3.4
-8.1
-5.2

-1.1
-5.1
0.8
6.0
-0.9

-0.2
0.0
-0.1
0.6
-2.0

1.1
3.2
0.8
-0.4
0.5

1.8
3.8
-1.7
5.4
1.8

82
83

0.380
0.320

129.0
136.2

129.2
136.7

3.0
5.6

0.0
0.0

0.2
0.4

0.3
-0.1

0.2
0.4

27.646

96.4

96.5

0.6

-0.1

-0.1

0.2

0.1

Machinery, electrical equipment, TV image
and sound recorders, parts, etc.............. . XVI
Machinery and mechanical appliances; parts
thereof........................................... . 84
Electrical machinery and equipment and parts
and accessories thereof. . . . . . . . . . . . . . . . . . . . . . . 85

15.962

109.0

109.4

2.0

0.1

0.0

0.4

0.4

11.684

82.7

82.6

-1.2

-0.4

-0.1

-0.1

-0.1

Vehicles, aircraft, vessels and associated
transport equipment............................ . XVII
Motor vehicles and their parts. . . . . . . . . . . . . . . . . . . 87

10.963
7.268

125.7
112.4

126.0
112.6

2.6
3.4

0.1
0.1

0.2
0.0

0.9
1.1

0.2
0.2

Optical, photo, measuring, medical & musical
instruments; & timepieces. . . . . . . . . . . . . . . . . . . . . XVIII

5.765

104.6

105.2

-0.3

-0.2

0.0

-0.9

0.6

1.332

108.2

108.3

0.6

-0.1

-0.1

-0.2

0.1

0.693

118.5

119.2

0.3

-0.3

-0.1

-0.5

0.6

0.517

90.0

89.6

-2.4

0.1

0.0

0.0

-0.4

Miscellaneous manufactured articles. . . . . . . . . . XX
Furniture; stuffed furnishings; lamps and
lighting fittings nesoi;. . . . . . . . . . . . . . . . . . . . . . . . . . . 94
Toys, games and sports equipment; parts and
accessories thereof. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95

1 Relative importance figures are based on 2010 trade values.
NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available

12

Table 7. U.S. import price indexes and percent changes by locality of origin: February 2011 to February 2012
[2000=100, unless otherwise noted]
Index

Percent change

Description

Percent of
U.S.
imports1

Jan.
2012

Feb.
2012

Feb. 2011
to Feb.
2012

Oct. 2011
to Nov.
2011

Industrialized Countries2 . . . . . . . . . . . . . . . . . . . . .
Nonmanufactured articles. . . . . . . . . . . . . . . . . . . .
Manufactured articles. . . . . . . . . . . . . . . . . . . . . . . . .

38.296
4.447
33.487

132.4
241.6
123.5

132.9
242.0
123.9

2.9
7.2
2.2

0.5
5.3
-0.3

0.0
0.0
0.0

-0.6
-1.9
-0.4

0.4
0.2
0.3

Other Countries3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonmanufactured articles. . . . . . . . . . . . . . . . . . . .
Manufactured articles. . . . . . . . . . . . . . . . . . . . . . . . .

61.704
12.907
48.593

142.2
362.7
112.2

142.8
365.9
112.5

6.5
13.5
3.9

0.9
3.1
0.0

0.0
0.0
0.0

0.1
-0.4
0.4

0.4
0.9
0.3

Canada........................................... .
Nonmanufactured articles. . . . . . . . . . . . . . . . . . . .
Manufactured articles. . . . . . . . . . . . . . . . . . . . . . . . .

14.414
4.027
10.122

154.4
231.7
137.6

155.5
230.2
139.4

2.4
5.0
1.1

1.0
5.9
-1.3

0.3
0.1
0.3

-0.6
-1.8
-0.1

0.7
-0.6
1.3

European Union4 .............................. .
Nonmanufactured articles. . . . . . . . . . . . . . . . . . . .
Manufactured articles. . . . . . . . . . . . . . . . . . . . . . . . .

15.813
0.262
15.467

135.0
361.2
131.5

134.8
365.0
131.2

2.7
30.3
2.2

-0.1
0.4
-0.1

-0.3
-2.0
-0.3

-1.1
-0.8
-1.1

-0.1
1.1
-0.2

France (Dec. 2003=100). . . . . . . . . . . . . . . . . . . . . . .

1.736

120.9

120.7

-1.2

0.1

0.5

-0.2

-0.2

Germany (Dec. 2003=100). . . . . . . . . . . . . . . . . . . . .

4.265

114.4

114.5

0.5

-0.1

-0.1

-0.9

0.1

United Kingdom (Dec. 2003=100). . . . . . . . . . .

2.397

131.0

131.4

0.2

-0.2

-0.4

-1.1

0.3

Latin America ................................. .
Nonmanufactured articles. . . . . . . . . . . . . . . . . . . .
Manufactured articles. . . . . . . . . . . . . . . . . . . . . . . . .

19.049
5.633
13.328

183.4
405.8
135.2

183.8
405.3
135.8

7.5
18.5
1.1

2.0
5.9
-0.5

0.1
0.5
-0.2

1.0
1.5
0.7

0.2
-0.1
0.4

Mexico (Dec. 2003=100). . . . . . . . . . . . . . . . . . . . . . .
Nonmanufactured articles (Dec.
2008=100). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Manufactured articles (Dec. 2008=100). . . .

12.091

149.6

148.7

3.4

1.0

-0.1

1.1

-0.6

2.017
10.028

219.6
96.2

213.4
96.3

17.8
-0.7

5.6
-0.4

-0.6
0.1

3.8
0.3

-2.8
0.1

Pacific Rim (Dec. 2003=100)6 . . . . . . . . . . . . . . . .

34.659

104.8

104.9

1.9

0.2

0.0

0.1

0.1

China (Dec. 2003=100). . . . . . . . . . . . . . . . . . . . . . . . .

19.583

105.4

105.5

3.3

0.3

0.0

0.3

0.1

Japan............................................. .

6.349

102.3

102.5

1.6

0.0

0.2

0.2

0.2

Asian NICs7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5.471

90.6

90.6

1.1

-0.1

-0.2

0.0

0.0

5.652

105.2

105.7

2.2

0.3

-0.1

0.3

0.5

3.948

273.9

277.0

12.7

-0.3

-1.1

0.4

1.1

5

8

ASEAN (Dec. 2003=100) . . . . . . . . . . . . . . . . . . . . .
9

Asia Near East (Dec. 2003=100) . . . . . . . . . . .

Annual

Monthly
Nov. 2011 Dec. 2011
to Jan.
to Dec.
2012
2011

Jan. 2012
to Feb.
2012

1 Percentage of trade figures are based on 2010 trade values.
2 Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa.
3 Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere.
4 Includes European Union countries.
5 Includes Mexico, Central America, South America and the Caribbean.
6 Includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines and Asian Newly Industrialized
Countries.
7 Asian Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan.
8 Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and
Vietnam.
9 Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen.
NOTES: Data may be revised in each of the three months after original publication.
Regions are not mutually exclusive.
Dash = Not available

13

Table 8. U.S. international price indexes and percent changes for selected transportation services: February
2011 to February 2012
[2000=100, unless otherwise noted]
Index

Percent change

Relative
importance
Jan.
20121

Jan.
2012

Feb.
2012

Air Freight
Import Air Freight. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Europe (Dec. 2003=100). . . . . . . . . . . . . . . . . . . . . . . . . . . .
Asia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Export Air Freight. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Europe (Dec. 2006=100). . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inbound Air Freight. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Europe (Dec. 2003=100). . . . . . . . . . . . . . . . . . . . . . . . . . . .
Asia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Outbound Air Freight. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Europe (Dec. 2003=100). . . . . . . . . . . . . . . . . . . . . . . . . . . .
Asia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

100.000
24.925
70.485
100.000
35.959
100.000
25.173
63.326
100.000
30.953
48.940

171.2
164.4
150.3
146.5
131.5
157.3
147.1
140.9
144.1
162.3
135.0

169.2
161.7
148.6
146.9
132.2
155.7
145.6
138.9
144.6
163.4
135.2

-1.3
12.1
-5.6
8.6
8.5
0.5
8.3
-2.5
9.2
8.2
10.2

-1.8
-3.3
-1.3
-0.9
-1.1
-0.7
-2.4
-0.1
-0.6
-0.3
-1.0

-0.5
-0.3
-0.6
0.1
-0.6
-0.9
0.1
-1.6
0.7
-0.2
1.1

-3.3
-2.3
-3.8
1.6
1.5
-2.1
-1.6
-2.6
-0.3
-0.4
-0.1

-1.2
-1.6
-1.1
0.3
0.5
-1.0
-1.0
-1.4
0.3
0.7
0.1

Air Passenger Fares
Import Air Passenger Fares. . . . . . . . . . . . . . . . . . . . . . . . .
Europe................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Asia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Latin America/Caribbean. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Export Air Passenger Fares. . . . . . . . . . . . . . . . . . . . . . . . .
Europe................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Asia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Latin America/Caribbean. . . . . . . . . . . . . . . . . . . . . . . . . . . .

100.000
38.652
27.223
12.397
100.000
24.932
30.369
22.440

179.9
184.8
155.9
178.6
195.4
208.5
190.0
212.4

180.5
185.1
157.9
177.6
173.6
207.2
156.2
188.1

11.8
7.6
17.2
12.1
7.6
13.8
6.0
6.6

-0.7
-3.5
2.5
1.2
-2.3
-7.3
1.6
1.7

1.6
-2.0
4.8
8.0
3.8
-2.7
2.7
7.3

0.2
4.8
-4.1
-4.4
2.3
0.8
6.2
3.7

0.3
0.2
1.3
-0.6
-11.2
-0.6
-17.8
-11.4

Description

Annual

1 Relative importance figures are based on 2010 trade values.
NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available

14

Monthly

Feb. 2011 Oct. 2011 Nov. 2011 Dec. 2011 Jan. 2012
to Feb.
to Jan.
to Dec.
to Nov.
to Feb.
2012
2012
2011
2011
2012

TECHNICAL NOTE
Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres
formula and are not seasonally adjusted. Price indexes are reweighted annually, with a two-year lag in
the weights. Published series use a base year of 2000=100 where possible. More detailed index series
and additional information may be obtained at http://www.bls.gov/mxp, or by calling (202) 691-7101.
Merchandise Goods Classification Systems -- The merchandise price indexes are published using
three classification systems. Items are classified by end use according to the Bureau of Economic
Analysis Classification System, by industry according to the North American Industry Classification
System (NAICS), and by product category according to the Harmonized System (HS). While
classification by end use and product category are self-explanatory, some notes are in order for
classifying items by industry. In the NAICS imports and exports tables, items are classified by output
industry, not input industry. As an example, NAICS import index 326 (plastics and rubber products
manufacturing) include outputs such as manufactured plastic rather than inputs such as petroleum. The
NAICS classification structure also matches the classification system used by the PPI (Producer Price
Index) to produce the NAICS primary products indexes.
Import Price Indexes -- Products have been classified by the Harmonized Tariff Schedule of the United
States Annotated (TSUSA). Import prices are based on U.S. dollar prices paid by the U.S. importer.
The prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight"
(c.i.f.) U.S. port transaction prices, depending on the practices of the individual industry. The index for
crude petroleum is calculated from data collected by the U.S. Department of Energy.
Export Price Indexes -- Products have been classified by the Harmonized Schedule B classification
system of the U.S. Bureau of the Census. The prices used are generally either "free alongside ship"
(f.a.s.) factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual
industry. Prices used in the grain index, excluding rice, are obtained from the U.S. Department of
Agriculture.
Services Price Indexes -- Starting in September 2008 the Import Air Passenger Fares Indexes represent
changes in the average revenue per passenger received by foreign carriers from U.S. residents and are
calculated from data obtained from an airline consulting service. These data include tickets sold by
travel agencies and travel websites. Tickets sold directly by the airlines are excluded, as are frequent
flyer tickets generally. Starting in January 2008 the Export Air Passenger Fares Indexes represent
changes in the average revenue per passenger received by U.S. carriers from foreign residents and are
calculated from data collected directly from airlines. These data include frequent flyer tickets and those
sold by consolidators. Taxes and fees are included in the Import Air Passenger Fares Index and excluded
from the Export Air Passenger Fares Index. The Air Freight Indexes are calculated from data collected
directly from airlines. These data exclude mail and passenger baggage. The scope of the service being
priced is the movement of freight from airport to airport only, and does not include any ground
transportation or port service. The Air Freight Indexes are presented using two definitions: Balance of
Payments (which represent transactions between U.S. and foreign residents) and International (which
represent transactions inbound to and outbound from the U.S.). Fact sheets specifying detailed
information for each services industry are available at http://www.bls.gov/mxp under "MXP
Publications."

15

Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected
for the Import Price Indexes. Beginning with January 2002, the indexes are defined by locality of origin
using a nomenclature based upon the North American Industry Classification System (NAICS).
Nonmanufactured goods are defined as NAICS 11 and 21 and manufactured goods are defined as
NAICS 31-33.
Revision Policy -- To reflect the availability of late reports and corrections by respondents, monthly
data may be revised in each of the three months after original publication. After three months, no
further data revisions take place. So, for example, data released in the January release will be subject to
revision in the releases for February, March, and April.
Uses of the Data -- The primary use of the indexes is to deflate trade statistics, notably the foreign trade
sector of the National Income and Product Accounts constructed by the Department of Commerce.
Other published indexes are useful for general market analysis. For trade in international services,
Balance of Payments indexes are used for deflating National Income and Product Accounts, while
International indexes are more appropriate for market analysis. Merchandise and services indexes also
can be used to study U.S. competitiveness and to compute price elasticities, and the merchandise import
indexes by country or region of origin are useful in terms of trade analysis.
E-Mail Subscription -- The U.S. Import and Export Price Indexes news release is available through an
e-mail subscription service at (http://www.bls.gov/bls/list.htm).
Additional Information -- More detailed data are available on the Import/Export Price Indexes home
page at (http://www.bls.gov/mxp). Flat Files and the FTP server are available for users requiring access
to either a large volume of time series data or other related documentation. The FTP site can be accessed
at ftp://ftp.bls.gov. For technical assistance in using the BLS Internet site, send e-mail to
([email protected]). For Import/Export Price Index data requests, send e-mail to
([email protected]).
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.

16


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