The All-commodity group import index in Nigeria rose by an average of 0.16% in the third quarter (Q3) of 2025, according to the latest report on Commodity Price Indices and Terms of Trade.
The increase was largely driven by rising import prices for products such as stone, plaster, cement, asbestos, mica, ceramics, footwear, headgear, umbrellas, whips, wood and charcoal, as well as paper and paperboard materials.
Meanwhile, the All-commodity group export price index also recorded a modest rise of 0.06%, mainly due to higher prices for vehicles, aircraft and their parts, vessels, base materials, prepared foodstuffs, beverages, spirits, tobacco, and live animals.
The All Products Terms of Trade (TOT) index, which measures the ratio between export and import prices, declined slightly by 0.10% during the period.
Regionally, the All-region group export index grew by 0.06%, driven by increased export prices to America and Africa. Similarly, the All-region import index rose by 0.16%, reflecting higher import prices from all regions. The All-region TOT fell by 0.10%.
The report also identified Nigeria’s major export destinations in Q3 2025 as India, Spain, France, the Netherlands, and Italy.