Import index grows by 0.52% between July and September — NBS

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The National Bureau of Statistics (NBS) says the all-commodity group import index grew marginally by 0.52 per cent between July and Sept. Import index grows by 0.52% between July and September — NBSThe National Bureau of Statistics (NBS) says the all-commodity group import index grew marginally by 0.52 per cent between July and Sept.

It said this on Tuesday in Abuja, in the “Commodity Price Indices and Terms of Trade for Quarter Three, 2021” published on its website.

The report said the growth was driven mainly by products of the chemical and allied industries, wood and articles of wood, wood charcoal and articles, paper making materials, paper and paperboard articles.

The NBS also said that between July and August, the all-commodity group export price index averagely declined by 2.33 per cent due to decreases in the prices of mineral products, animal and vegetable fats and oils and other cleavage products and vehicles, aircraft and parts as well as vessels.

The report said that for the all-region group import index, there was a 0.52 per cent increase due to marginal increases in import prices from all the regions.

It added that the all-region terms of trade on average decreased by 2.85 per cent due to lower export prices to all the regions with rising import prices from all the regions.

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