Between July and September 2023 (Jan 2018=100):

• The All-Commodity Group Import Index for Q3, 2023 on average increased by 0.21 per cent points. The increase can be attributed to the changes in import prices mainly in the price of “Textiles and textile articles”, “Mineral products” "Wood and articles of wood, wood charcoal and articles’’, and ‘’ Paper making material; paper and paperboard, articles’’.
• The All-Commodity Group Export Price Index increased on the average by 0.18 per cent points in Q3, 2023. The increase was majorly attributed to changes in the prices of “Boilers, machinery and appliances; parts thereof”, “Vehicles, aircraft and parts thereof; vessels etc.” “Mineral Products”, and “Plastic, rubber and articles thereof”.
• The All Products Terms of Trade (TOT) Index on average decreased by 0.03 per cent points.
• The All-Region Group Export Index increased by 0.18 per cent points mainly due to positive changes in the prices of exports to all economic regions.
• The All-Region Group Import Index increased by 0.21 per cent points due to increases in import prices.
• The All-Region Terms of Trade on average decreased by 0.03 per cent points.
• The major export destinations of Nigeria in Q3, 2023 were Spain, India, The Netherlands, Indonesia, and France.