Gold exports from Nigeria: data and top buyer countries
Exports of gold by Nigeria reached $348.1 million in 2024 (3 tonnes). Value fell 77% from 2023. Over 2017-2024 the trade grew strongly, by about 104% a year on average. The peak in this period was 2023, at $1.54 billion.
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 | $348.1M | 3 t |
| 2023 | $1.54B | 26 t |
| 2022 | $839.5M | 31 t |
| 2021 | $148.9M | 3 t |
| 2020 | $217.8M | 5 t |
| 2019 | $345.3M | 9 t |
| 2018 | $596.9M | 18 t |
| 2017 | $2.3M | 0 t |
Where Nigeria exports gold to
Switzerland alone took 97% of it.
| Destination | Value | Share |
|---|---|---|
| Switzerland | $337.9M | 97% |
| Eswatini | $8.7M | 2.5% |
| South Korea | $950K | 0.3% |
| France | $628K | 0.2% |
| Central African Republic | $41K | 0% |
| Austria | $0K | 0% |
Product types under HS 7108
| 7108.12 | Metals: gold, non-monetary, unwrought (but not powder) | 58% |
| 7108.11 | Gold powder | 42% |
| 7108.13 | Gold semi-manufactured forms | 0.5% |
Codes and full descriptions: HS heading 7108.
Gold imports to Nigeria
Imports of gold by Nigeria reached $6.7 million in 2024 (0 tonnes). Switzerland alone supplied 78% of it.
| Supplier country | Value | Share |
|---|---|---|
| Switzerland | $5.2M | 78% |
| Germany | $1.4M | 20% |
| South Africa | $42K | 0.6% |
| China | $36K | 0.5% |
| South Korea | $20K | 0.3% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria gold exports (HS 7108): 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 7108: Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form.
Common questions
What is the value of gold exported by Nigeria?
Nigeria exported gold worth $348.1 million in 2024, the latest year with complete public data, about 3 tonnes. That ranks it 66th of 157 countries worldwide, with 0% of world exports. The value was down 77% on 2023.
Which countries buy gold from Nigeria?
Switzerland was the largest buyer with 97% of the value ($337.9 million), followed by Eswatini (2%) and South Korea (0%). The top three together account for 100%, out of 6 buyer countries in total. Switzerland grew fastest among the top ten, up 18% on the year.
How have exports of gold from Nigeria changed since 2017?
Exports went from $2.3 million in 2017 to $348.1 million in 2024. The peak was 2023 at $1.54 billion. Over 8 years the average was $504.3 million a year.
Does Nigeria also import gold?
Yes. Nigeria imported $6.7 million worth of this product in 2024, mainly from Switzerland, Germany and South Africa. On balance Nigeria is a net exporter of this product, by about $341.5 million a year.
What is the HS code for gold?
The HS code for gold is heading 7108. In Nigeria the largest six-digit codes were 7108.12 (58% of the value) and 7108.11 (42%).
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
More trade data for Nigeria
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