All commodity group import index grew by 0.13% in Q4 2020 —NBS
The National Bureau of Statistics (NBS) has said the All-commodity group import index on average grew by 0.13per cent in four quarter of 2020, driven by Base metals and articles of base metals, Boilers, machinery and appliances; parts thereof and Products of the chemical and allied industries.
According to the report, “The All-commodity group import index increased by 0.13per cent between October and December 2020.
“This was driven mainly by an increase in the prices of Base metals and articles of base metals (1.0 per cent), Boilers, machinery and appliances; parts thereof (1.03per cent), and Products of the chemical and allied industries (0.75 per cent).
“However, the index was negatively affected by animal and vegetable fats and oils and other cleavage prod. (-1.06 per cent), Prepared foodstuffs; beverages, spirits and vinegar; tobacco (-0.66 per cent) and Plastic, rubber and articles thereof (-0.37 per cent).
“Between October and November 2020, the All-commodity group import price index decreased by 0.23 per cent.
“The index was driven by decreases in the import prices of Boilers, Machinery and Appliances (-1.77 per cent), Prepared foodstuffs, Beverages, spirits and Vinegar (-1.35 per cent) and Animal and Vegetable fats and Oils (-1.20 per cent).
“It was offset by increase in the prices of Products of the chemical and allied industries (1.48 per cent), Wood and articles of wood, wood charcoal and articles (1.18 per cent) and Mineral products (0.49 per cent).
“Between November and December 2020, the All-commodity group import index grew by 0.36 per cent, driven by increase in import prices of Boilers, Machinery and Appliances (2.80 per cent) as well as Base metals and Articles (1.91 per cent).
“It was negatively affected by fall in prices for products of the chemical and Allied industries (-0.73 per cent), mineral products (-0.71 per cent) and Wood and Articles of wood, wood charcoal and Articles (-0.58 per cent).”
The report stated that the All-commodity group export index decreased by 0.25per cent between October and December 2020.
The report by NBS explained that the decline was to the prices of wood and articles of wood, wood charcoal and Articles (-0.49per cent), Vehicles, Aircraft and Parts (-0.44 per cent), Base Metals and Articles of Base Metals (-0.41 per cent). This was partly mitigated by a increase in the prices of boilers, Machinery and Appliances (0.66 per cent)
The report added that, “Between October and November 2020, the All-commodity export price index fell by 0.49 per cent.
“This was a result of decreases in the prices of wood and articles of wood, wood charcoal and articles (-0.98%), Vehicles, aircraft and parts (-0.88 per cent) and Base metals and Articles of Base Metals (-0.83 per cent).
“This was offset by the prices of prepared foodstuffs, beverages, spirits and Vinegar (1.60 per cent), Boilers, Machinery and Appliances (1.31 per cent).
“Between November and December 2020, the All-commodity group export index rose by 0.23 per cent. This was driven by increases in the prices of wood and articles of wood, wood charcoal and Articles (0.50 per cent), Vehicles, Aircraft and parts (0.44 per cent).
“However, the index was negatively affected by declines in the prices of Boilers, Machinery and Appliances (-0.65 per cent), prepared foodstuffs, beverages, spirits and Vinegar (-1.88per cent) and Others.”
