• The All-Commodity Group Import Index for Q2, 2024 on average increased by 0.15 per cent. The increase can be attributed to the changes in import prices of Mineral prod ucts, “Articles of stone, plaster, cement, asbestos, mica, ceramic”, Animal and vegetable fats and oils and other cleavage prod, “Prepared foodstuffs; and beverages, spirits and vinegar; tobacco”.

• The All-Commodity Group Export Price Index increased on average by 0.09 per cent in Q2, 2024. The increase was majorly attributed to changes in the prices of “Mineral products.”, “Prepared foodstuffs; beverages, spirits and vinegar; tobacco” “Live animals; animal products”, and “Vegetable products”.

• The All Products Terms of Trade (TOT) Index on average decreased by 0.06 percentage points.

• The All-Region Group Export Index increased by 0.09 per cent points mainly due to an upward price change in exports to all economic regions.

• The All-Region Group Import Index increased by 0.15 percentage points due to in creases in import prices from all regions .

• The All-Region Terms of Trade on average decreased by 0.06 percentage points.

• The major export destinations of Nigeria in Q2, 2024 were Spain, The United States of America, France, India and The Netherlands.

Data source: National Bureau of Statistics

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