Nigeria’s import index grew by 1.07% in Q2 2021

Report published by the National Bureau of Statistics (NBS) revealed that the All -commodity group import index increased by 1.07% between April and June, 2021. This was driven mainly by an increase in the prices of products of the chemical and Allied industries (1.40%), wood and articles of wood, wood charcoal and articles (1.37%) Paper making material; Paper and paperboard articles (1.23%)

Between April and May, 2021 the All- Commodity group import price index grew marginally by 0.12% due to marginal increases in the index of products of the chemical and Allied industries (0.78%), wood and Articles of wood, wood charcoal and articles (0.72%), Paper making material; Paper and paperboard (0.44%). This was offset by decreases in the prices of Live animals; animal products ( -0.17%), Animal and Vegetable fats and oils and Cleavage (-0.23%) and Mineral products (-0.27%).

Between May and June, 2021, the all commodity group import index grew by 0.95%.This was driven by Mineral products (1.15%), Animal and Vegetable fats and oils and other cleavage products (1.13%) and Live animals; animal products (1.10%) and others.

Leave a Reply

Your email address will not be published.

WP Twitter Auto Publish Powered By : XYZScripts.com