Between October and December 2018 (Jan 2018=100):

- The All commodity group import price index rose 0.89% due to a rise in the prices of prepared foodstuffs.

- The All commodity group export price index edged down by 2.02%. The decrease was led by falling prices of Vegetable products, Vehicles, aircraft and parts thereof and Products of the chemical and allied industries.

- The All products terms of trade (TOT) index fell 2.8%, due to falling prices of Products of the chemical and allied industries, Mineral products, Live animals; animal products.

- The All region group export index declined by 2.02% due to falling prices in trade with Asia and within Africa.

- The All region group import index ticked up 0.76% due to increase in prices associated with trade from Oceania and Africa

- The All region terms of trade fell -2.78% due to a fall in the prices of goods traded in Africa.

- Nigeria major trading partners in Q4,2018 were India, China, Spain, France and Netherlands

- The major export to these countries was crude petroleum and natural gas

- The major import from these countries was motor spirit (ordinary).

Data source: National Bureau of Statistics

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