Electromagnet imports in Nigeria: data, top suppliers and prices
In 2024, Nigeria imported electromagnet worth $2.4 million (276 tonnes). Value fell 43% from 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2023, at $4.1 million.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $2.4M | 276 t |
| 2023 | $4.1M | 372 t |
| 2022 | $4.1M | 912 t |
| 2021 | $2.2M | 302 t |
| 2020 | $1.9M | 229 t |
| 2019 | $1.9M | 270 t |
| 2018 | $2.6M | 588 t |
| 2017 | $1.6M | 149 t |
Where Nigeria imports electromagnet from
China alone supplied 51% of it. Among the main suppliers, Italy grew fastest (+47% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| China | $1.2M | 51% |
| India | $292K | 12% |
| Germany | $202K | 8.6% |
| United States | $146K | 6.2% |
| Netherlands | $79K | 3.3% |
| Finland | $70K | 3% |
| Italy | $70K | 3% |
| United Kingdom | $50K | 2.1% |
| Belgium | $42K | 1.8% |
| South Africa | $38K | 1.6% |
Product types under HS 8505
| 8505.90 | Electromagnets and holding devices | 49% |
| 8505.11 | Permanent metal magnets | 22% |
| 8505.20 | Electromagnetic clutches and brakes | 20% |
| 8505.19 | Non-metal permanent magnets | 9.9% |
Codes and full descriptions: HS heading 8505.
Average import price per kg
The average declared value was about $8.53 per kg, 45% below the world average of $15.58, which often means bulk or lower-grade product.
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 electromagnet imports (HS 8505): 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 8505: Electro-magnets; permanent magnets, intended permanent magnets; electro-magnetic, permanent magnet chucks, clamps, similar; electromagnetic couplings, clutches, brakes; electro-magnetic lifting heads.
Common questions
What is the value of electromagnet imported by Nigeria?
Nigeria imported electromagnet worth $2.4 million in 2024, the latest year with complete public data, about 276 tonnes. That ranks it 87th of 220 countries worldwide, with 0% of world imports. The value was down 43% on 2023.
Which countries supply electromagnet to Nigeria?
China was the largest supplier with 51% of the value ($1.2 million), followed by India (12%) and Germany (9%). The top three together account for 72%, out of 35 supplier countries in total. Belgium grew fastest among the top ten, up 295% on the year.
What is the average import price of electromagnet per kg?
The average declared import value was about $8.53 per kg in 2024, 45% below the world average of $15.58 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have imports of electromagnet to Nigeria changed since 2017?
Imports went from $1.6 million in 2017 to $2.4 million in 2024, an increase of 49%. The peak was 2023 at $4.1 million. Over 8 years the average was $2.6 million a year.
What is the HS code for electromagnet?
The HS code for electromagnet is heading 8505. In Nigeria the largest six-digit codes were 8505.90 (48% of the value) and 8505.11 (22%).
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.
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