Import Overview
- Monthly Trends: Prices for U.S. imports rose by 0.4% in July after a 0.1% decline in June, influenced by higher fuel prices.
- Yearly Trend: Over the past 12 months, import prices fell by 4.4%.
Import Categories
- Fuel Imports: These saw an increase of 3.6% in July.
- Nonfuel Imports: Remained unchanged in July.
- Foods, Feeds, and Beverages: Prices increased by 2.5% in July.
- Nonfuel Industrial Supplies and Materials: These prices saw a decline of 1.4% in July.
- Finished Goods: Prices were mixed, with automotive vehicles rising by 0.3%.
Exports Overview
- Monthly Trends: Export prices rose by 0.7% in July after a 0.7% decrease in June.
- Yearly Trend: U.S. export prices declined by 7.9% from July 2022 to July 2023.
Export Categories
- Agricultural Exports: Increased by 0.9% in July.
- Nonagricultural Exports: Saw an increase of 0.6% in July.
- Nonagricultural Industrial Supplies and Materials: Prices increased by 1.5% in July.
- Finished Goods: Prices were mixed, with capital goods ticking up by 0.1%.
Locality Insights
- Imports by Locality: Prices for imports from China fell by 0.2% in July. Imports from Japan, Canada, Mexico, and the EU saw increases.
- Exports by Locality: Prices for exports to China rose by 1.5% in July, while prices to Japan, Canada, Mexico, and the EU also saw rises.
Terms of Trade Indexes
- These indexes provide insights into the purchasing power of exports relative to imports for specific regions.
Import and Export Services
- Imports: Air passenger fares saw a decline, while air freight prices rose in July.
- Exports: Air passenger fares increased, with air freight prices also seeing a rise.
Note: Detailed data tables (e.g., Table A) and additional information can be accessed at the provided website.
This is a summarized version of the report. For a more detailed analysis and breakdown, please refer to the main release.
