Aluminium ingots exports from Nigeria: data, top buyers and prices
In 2024, Nigeria exported aluminium ingots worth $313.3 million (140.4 thousand tonnes). Value rose 25% on 2023. Over 2017-2024 the trade grew strongly, by about 14% a year on average.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Exports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $313.3M | 140.4K t |
| 2023 | $250.9M | 120.2K t |
| 2022 | $313.8M | 140.6K t |
| 2021 | $226.5M | 110.0K t |
| 2020 | $113.8M | 79.0K t |
| 2019 | $116.5M | 75.7K t |
| 2018 | $164.5M | 86.9K t |
| 2017 | $128.7M | 73.8K t |
Where Nigeria exports aluminium ingots to
One buyer market dominates: Japan accounted for 65% of the value. Among the main buyer markets, United Kingdom grew fastest, more than tenfold on the year before.
| Destination | Value | Share |
|---|---|---|
| Japan | $204.3M | 65% |
| China | $26.3M | 8.4% |
| Malaysia | $16.3M | 5.2% |
| Indonesia | $15.0M | 4.8% |
| United Kingdom | $14.3M | 4.6% |
| India | $12.8M | 4.1% |
| Mexico | $5.7M | 1.8% |
| United States | $4.1M | 1.3% |
| Taiwan | $3.1M | 1% |
| South Korea | $2.5M | 0.8% |
Product types under HS 7601
| 7601.20 | Aluminium alloy ingots | 95% |
| 7601.10 | Pure aluminium ingots | 4.6% |
Codes and full descriptions: HS heading 7601.
Average export price per kg
The average declared value was about $2.23 per kg, close to the world average of $2.57.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Aluminium ingots imports to Nigeria
Nigeria imported $38.9 million of aluminium ingots in 2024 (14.4 thousand tonnes). Malaysia alone supplied 67% of it. Among the main suppliers, Malaysia grew fastest (+38% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Malaysia | $26.2M | 67% |
| China | $8.6M | 22% |
| Turkey | $2.7M | 7.1% |
| Netherlands | $700K | 1.8% |
| Bahrain | $409K | 1.1% |
| Germany | $79K | 0.2% |
| Belgium | $54K | 0.1% |
| Spain | $33K | 0.1% |
| India | $32K | 0.1% |
| United Kingdom | $10K | 0% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria aluminium ingots exports (HS 7601): companies, dates, quantities and declared values.
Shipment records are in the platform
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Direct customs feed: shipment-level records from the official customs source.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7601: Aluminium; unwrought.
Common questions
What is the value of aluminium ingots exported by Nigeria?
Nigeria exported aluminium ingots worth $313.3 million in 2024, the latest year with complete public data, about 140.4 thousand tonnes. That ranks it 39th of 161 countries worldwide, with 0% of world exports. The value was up 25% on 2023.
Which countries buy aluminium ingots from Nigeria?
Japan was the largest buyer with 65% of the value ($204.3 million), followed by China (8%) and Malaysia (5%). The top three together account for 79%, out of 26 buyer countries in total. Malaysia grew fastest among the top ten, up 315% on the year.
What is the average export price of aluminium ingots per kg?
The average declared export value was about $2.23 per kg in 2024, 13% below the world average of $2.57 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have exports of aluminium ingots from Nigeria changed since 2017?
Exports went from $128.7 million in 2017 to $313.3 million in 2024, an increase of 143%. The peak was 2022 at $313.8 million. Over 8 years the average was $203.5 million a year.
Does Nigeria also import aluminium ingots?
Yes. Nigeria imported $38.9 million worth of this product in 2024, mainly from Malaysia, China and Turkey. On balance Nigeria is a net exporter of this product, by about $274.4 million a year.
What is the HS code for aluminium ingots?
The HS code for aluminium ingots is heading 7601. In Nigeria the largest six-digit codes were 7601.20 (95% of the value) and 7601.10 (5%).
How can I find the companies behind this trade?
EximDataX has a direct customs feed for Nigeria, so the importers and exporters behind these totals are visible by name, shipment by shipment. Ask for a live look at your product.
Same product, other countries
Aluminium ingots product types in Nigeria
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