Copper scrap exports from Nigeria: data, top buyers and prices
Nigeria exported $243.6 million of copper scrap in 2024 (30.4 thousand tonnes). Its share of world exports was 1%. Value rose 43% on 2023. Over 2017-2024 the trade grew strongly, by about 10% 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 | $243.6M | 30.4K t |
| 2023 | $170.2M | 22.9K t |
| 2022 | $173.3M | 23.4K t |
| 2021 | $88.2M | 12.0K t |
| 2020 | $72.7M | 14.7K t |
| 2019 | $105.6M | 21.0K t |
| 2018 | $98.8M | 17.9K t |
| 2017 | $129.0M | 25.9K t |
Where Nigeria exports copper scrap to
The largest buyer markets were Japan (38%), China (38%), South Korea (21%). Among the main buyer markets, China grew fastest (+99% on the year before).
| Destination | Value | Share |
|---|---|---|
| Japan | $92.2M | 38% |
| China | $92.1M | 38% |
| South Korea | $51.1M | 21% |
| Belgium | $4.4M | 1.8% |
| Spain | $1.5M | 0.6% |
| Germany | $1.1M | 0.4% |
| India | $941K | 0.4% |
| Italy | $159K | 0.1% |
| Lithuania | $127K | 0.1% |
| Netherlands | $3K | 0% |
Average export price per kg
The average declared value was about $8.00 per kg, 24% above the world average of $6.44. This usually points to higher-grade or processed goods.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria copper scrap exports (HS 7404): companies, dates, quantities and declared values.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
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 7404: Copper; waste and scrap.
Common questions
What is the value of copper scrap exported by Nigeria?
Nigeria exported copper scrap worth $243.6 million in 2024, the latest year with complete public data, about 30.4 thousand tonnes. That ranks it 35th of 198 countries worldwide, with 1% of world exports. The value was up 43% on 2023.
Which countries buy copper scrap from Nigeria?
Japan was the largest buyer with 38% of the value ($92.2 million), followed by China (38%) and South Korea (21%). The top three together account for 97%, out of 11 buyer countries in total. China grew fastest among the top ten, up 99% on the year.
What is the average export price of copper scrap per kg?
The average declared export value was about $8.00 per kg in 2024, 24% above the world average of $6.44 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have exports of copper scrap from Nigeria changed since 2017?
Exports went from $129.0 million in 2017 to $243.6 million in 2024, an increase of 89%. 2024 was the highest year in the period. Over 8 years the average was $135.2 million a year.
What is the HS code for copper scrap?
The HS code for copper scrap is heading 7404. In Nigeria all of this trade was declared under the six-digit code 7404.00. It sits in HS chapter 74 (copper and articles thereof). The full list of codes and descriptions is on the HS 7404 page.
How can I find the companies behind this trade?
Shipment-level records for Nigeria reach EximDataX from a direct customs feed, with company names, dates and declared values. We can show them for your product on a short call.
Same product, other countries
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