Hot-rolled steel coils imports in Nigeria: data, top suppliers and prices
In 2024, Nigeria imported hot-rolled steel coils worth $245.1 million (304.0 thousand tonnes). Value rose 20% on 2023. Over 2017-2024 the trade grew strongly, by about 14% a year on average. The peak in this period was 2022, at $345.3 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 | $245.1M | 304.0K t |
| 2023 | $203.7M | 262.7K t |
| 2022 | $345.3M | 347.5K t |
| 2021 | $165.1M | 201.3K t |
| 2020 | $129.9M | 299.7K t |
| 2019 | $83.3M | 152.9K t |
| 2018 | $120.4M | 193.8K t |
| 2017 | $96.6M | 184.5K t |
Where Nigeria imports hot-rolled steel coils from
One supplier dominates: China accounted for 99% of the value. Among the main suppliers, China grew fastest (+47% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| China | $243.0M | 99% |
| Belgium | $408K | 0.2% |
| South Korea | $344K | 0.1% |
| India | $338K | 0.1% |
| Oman | $249K | 0.1% |
| Germany | $241K | 0.1% |
| Singapore | $226K | 0.1% |
| Japan | $60K | 0% |
| United Arab Emirates | $60K | 0% |
| Italy | $59K | 0% |
Product types under HS 7208
| 7208.39 | Hot-rolled steel coil thin | 55% |
| 7208.52 | Thick hot-rolled steel sheet | 14% |
| 7208.51 | Hot-rolled steel sheet thick | 6.5% |
| 7208.53 | Medium hot-rolled steel sheet | 5.5% |
| 7208.26 | Medium hot-rolled pickled coil | 4.8% |
| 7208.54 | Hot-rolled steel sheet thin | 3.7% |
| 7208.27 | Thin hot-rolled pickled coil | 2.5% |
| 7208.38 | Medium hot-rolled steel coil | 2.3% |
Codes and full descriptions: HS heading 7208.
Average import price per kg
The average declared value was about $0.81 per kg, close to the world average of $0.69.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Hot-rolled steel coils exports from Nigeria
In 2024, Nigeria exported hot-rolled steel coils worth $393 thousand (703 tonnes). One buyer market dominates: Benin accounted for 96% of the value.
| Destination | Value | Share |
|---|---|---|
| Benin | $379K | 97% |
| Togo | $8K | 2% |
| Niger | $6K | 1.4% |
| Mauritius | $0K | 0.1% |
| Canada | $0K | 0% |
| Ireland | $0K | 0% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria hot-rolled steel coils imports (HS 7208): 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 7208: Iron or non-alloy steel; flat-rolled products of a width of 600mm or more, hot-rolled, not clad, plated or coated.
Common questions
What is the value of hot-rolled steel coils imported by Nigeria?
Nigeria imported hot-rolled steel coils worth $245.1 million in 2024, the latest year with complete public data, about 304.0 thousand tonnes. That ranks it 52nd of 214 countries worldwide, with 0% of world imports. The value was up 20% on 2023.
Which countries supply hot-rolled steel coils to Nigeria?
China was the largest supplier with 99% of the value ($243.0 million), followed by Belgium (0%) and South Korea (0%). The top three together account for 99%, out of 26 supplier countries in total. Germany grew fastest among the top ten, up 82% on the year.
What is the average import price of hot-rolled steel coils per kg?
The average declared import value was about $0.81 per kg in 2024, 17% above the world average of $0.69 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have imports of hot-rolled steel coils to Nigeria changed since 2017?
Imports went from $96.6 million in 2017 to $245.1 million in 2024, an increase of 154%. The peak was 2022 at $345.3 million. Over 8 years the average was $173.7 million a year.
Does Nigeria also export hot-rolled steel coils?
Yes. Nigeria exported $393 thousand worth of this product in 2024, mainly to Benin, Togo and Niger. On balance Nigeria is a net importer of this product, by about $244.7 million a year.
What is the HS code for hot-rolled steel coils?
The HS code for hot-rolled steel coils is heading 7208. In Nigeria the largest six-digit codes were 7208.39 (55% of the value) and 7208.52 (14%).
How can I find the companies behind this trade?
The totals here are public statistics; the company-level detail sits in EximDataX, which has a direct customs feed for Nigeria. Tell us your product to see it live.
Same product, other countries
World hot-rolled steel coils trade: top importers and exporters
Hot-rolled steel coils product types in Nigeria
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