WED 22 DEC, 2021-theGBJournal- The All commodity group export index averagely decreased by -2.33% between July and September, 2021, according to data released Tuesday b the National Bureau of Statistics (NBS).
The NBS said the decreases was due to decreases in the prices of mineral products (-2.41), Animal and vegetable fats and oils (-1.09) and vehicles; aircraft and parts thereof; vessels (- 0.33) etc.
Between July and August, 2021 the All commodity export index decreased by 2.17.This was driven by decreased prices for mineral products (-2.24), Live animals; animal products (-1.28), Animal and Vegetable fats and oil and other cleavage (-1.03).This was positively affected by products of the chemical and Allied industries (+0.78), Plastic, rubber and articles (+0.28) and Vegetable products (+0.03).
Between August and September, 2021 the All commodity group export fell 0.16%.This was driven by products of the chemical and allied industries (-0.98), Plastic, rubber and articles thereof (-0.34) and mineral products (-0.17).It was positively affected by prices of Live animals; animal products (+1.01), Vehicles; aircraft and parts (+0.11).
On the hand, the All commodity group import index increased 0.52% between July and September, 2021. This was driven mainly by an increase in the prices of products of the chemical and Allied industries (+0.60), wood and articles of wood, wood charcoal and articles (+0.59) Paper making material; Paper and paperboard articles (+0.56).
Between July and August, 2021 the All Commodity group import price index grew by +0.03 due to marginal increases in the index of products of the chemical and Allied industries (+0.19), wood and Articles of wood, wood charcoal and articles (+0.18), Paper making material; Paper and paperboard (+0.11).
‘’This was offset by the indices of mineral products ( -0.07), Animal and Vegetable fats and oils and Cleavage (-0.06) and Live animals; animal products (-0.04),’’ NBS said.
Between August and September, 2021, the all commodity group import index grew by 0.49%.This was led by increases in the prices of Mineral products (+0.54), Animal and Vegetable fats and oils and other cleavage products (+0.53), Live animals; animal products (+0.5) and Base metals and articles of base metals (+0.49).
Meanwhile, the all commodity terms of Trade for July, August and September, 2021 stood at 104.17, 101.88 and 101.22.
The All commodity group terms of trade declined 2.20% in August and 0.65% in September and on average decreased by 2.85% between July and September, 2021 .The average decrease of 2.85% was led by decreases in mineral products(-2.88),
Animal and Vegetable fats and oils and other cleavage products (-1.56),Vehicles, aircraft and parts(-0.88).
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