Industrial heat exchangers imports in Nigeria: data, top suppliers and prices
Imports of industrial heat exchangers by Nigeria reached $201.5 million in 2024 (11.1 thousand tonnes). Its share of world imports was 1%. That is 288% more than in 2023. Over 2017-2024 the trade grew strongly, by about 22% a year on average.
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 | $201.5M | 11.1K t |
| 2023 | $52.0M | 7.1K t |
| 2022 | $24.8M | 1.8K t |
| 2021 | $45.7M | 2.7K t |
| 2020 | $55.5M | 4.9K t |
| 2019 | $111.9M | 9.0K t |
| 2018 | $120.8M | 13.6K t |
| 2017 | $51.3M | 2.9K t |
Where Nigeria imports industrial heat exchangers from
Most of the value came from United States (49%), South Korea (15%), India (15%). Among the main suppliers, United Kingdom grew fastest, more than tenfold on the year before.
| Supplier country | Value | Share |
|---|---|---|
| United States | $99.3M | 49% |
| South Korea | $30.2M | 15% |
| India | $30.0M | 15% |
| United Kingdom | $11.4M | 5.7% |
| Germany | $6.9M | 3.4% |
| China | $6.2M | 3.1% |
| Italy | $4.4M | 2.2% |
| Turkey | $2.7M | 1.3% |
| Lebanon | $1.4M | 0.7% |
| Romania | $1.3M | 0.6% |
Average import price per kg
The average declared value was about $18.21 per kg, close to the world average of $19.42.
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 industrial heat exchangers imports (HS 8419.50): 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 8419.50: Heat exchange units: not used for domestic purposes.
Common questions
What is the value of industrial heat exchangers imported by Nigeria?
Nigeria imported industrial heat exchangers worth $201.5 million in 2024, the latest year with complete public data, about 11.1 thousand tonnes. That ranks it 25th of 214 countries worldwide, with 1% of world imports. The value was up 288% on 2023.
Which countries supply industrial heat exchangers to Nigeria?
The United States was the largest supplier with 49% of the value ($99.3 million), followed by South Korea (15%) and India (15%). The top three together account for 79%, out of 42 supplier countries in total. The United States grew fastest among the top ten, up 646% on the year.
What is the average import price of industrial heat exchangers per kg?
The average declared import value was about $18.21 per kg in 2024, 6% below the world average of $19.42 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have imports of industrial heat exchangers to Nigeria changed since 2017?
Imports went from $51.3 million in 2017 to $201.5 million in 2024, an increase of 293%. 2024 was the highest year in the period. Over 8 years the average was $82.9 million a year.
What is the HS code for industrial heat exchangers?
The HS code for industrial heat exchangers is subheading 8419.50. It sits in HS chapter 84 (machinery and mechanical appliances, boilers, nuclear reactors; parts thereof). The full list of codes and descriptions is on the HS 8419 page.
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
World industrial heat exchangers trade: top importers and exporters
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