Iron oxide imports in Nigeria: data, top suppliers and prices
In 2024, Nigeria imported iron oxide worth $3.2 million (4.3 thousand tonnes). Value fell 30% from 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2022, at $5.5 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 | $3.2M | 4.3K t |
| 2023 | $4.5M | 4.8K t |
| 2022 | $5.5M | 5.2K t |
| 2021 | $5.0M | 5.0K t |
| 2020 | $3.7M | 4.1K t |
| 2019 | $3.6M | 4.4K t |
| 2018 | $2.9M | 3.0K t |
| 2017 | $3.1M | 3.4K t |
Where Nigeria imports iron oxide from
One supplier dominates: China accounted for 90% of the value. Among the main suppliers, India grew fastest (+63% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| China | $2.9M | 90% |
| India | $222K | 6.9% |
| South Africa | $76K | 2.4% |
| Germany | $6K | 0.2% |
| Hong Kong | $5K | 0.2% |
| Spain | $1K | 0% |
| Belgium | $1K | 0% |
| Finland | $0K | 0% |
| United States | $0K | 0% |
| United Kingdom | $0K | 0% |
Product types under HS 2821
| 2821.10 | Iron oxides and hydroxides | 99% |
| 2821.20 | Earth colours: containing 70% or more by weight of combined iron evaluated as Fe2o3 | 1.2% |
Codes and full descriptions: HS heading 2821.
Average import price per kg
The average declared value was about $0.75 per kg, 28% below the world average of $1.04, 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 iron oxide imports (HS 2821): 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 2821: Iron oxides and hydroxides; earth colours containing 70% or more by weight of combined iron evaluated as Fe2o3.
Common questions
What is the value of iron oxide imported by Nigeria?
Nigeria imported iron oxide worth $3.2 million in 2024, the latest year with complete public data, about 4.3 thousand tonnes. That ranks it 49th of 188 countries worldwide, with 0% of world imports. The value was down 30% on 2023.
Which countries supply iron oxide to Nigeria?
China was the largest supplier with 90% of the value ($2.9 million), followed by India (7%) and South Africa (2%). The top three together account for 100%, out of 11 supplier countries in total. Germany grew fastest among the top ten, up 613% on the year.
What is the average import price of iron oxide per kg?
The average declared import value was about $0.75 per kg in 2024, 28% below the world average of $1.04 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have imports of iron oxide to Nigeria changed since 2017?
Imports went from $3.1 million in 2017 to $3.2 million in 2024, an increase of 5%. The peak was 2022 at $5.5 million. Over 8 years the average was $3.9 million a year.
What is the HS code for iron oxide?
The HS code for iron oxide is heading 2821. In Nigeria the largest six-digit codes were 2821.10 (99% of the value) and 2821.20 (1%).
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.
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