Between July and September 2022 (Jan 2018=100):

¨ The All-commodity group import index on average increased by 0.76 percent point. The highest increase was recorded by “Animal and vegetable fats and oils and other cleavage prod”, followed by “Mineral products” and “Footwear, headgear, umbrellas, sunshades, whips etc”.

¨ · The All-commodity group export price index averagely increased by 0.26 percent point in Q3 2022. The increase was majorly attributed to an increase in the prices of “Wood and articles of wood, wood charcoal and articles”, “Vehicles, aircraft, and parts thereof; vessels etc”, and “Paper making material; paper and paperboard, articles”.

¨ · The All products Terms of Trade (TOT) Index on average decreased by 0.50 percent point because of increases in the prices Paper making material; paper and paperboard, articles”, “Paper making material; paper and paperboard, articles”, and “Wood and articles of wood, wood charcoal and articles”.

¨ · The All-region group export index also increased by 0.26 percent point mainly due to rise in prices of export to all regions except America and Oceania.

¨ · The All-region group import index increased by 0.76 percent point due to changes in import prices to some of the regions except Africa.

¨ · The All-region terms of trade on average decreased by 0.50 percent point due to rise in import prices mainly from Asia and Europe.

¨ · The major export markets of Nigeria in Q3, 2022 were Spain, India, France, The Netherlands, The United States of America.