Precious metal scrap exports from Nigeria: data, top buyers and prices
Exports of precious metal scrap by Nigeria reached $38.8 million in 2024 (479 tonnes). Value fell 36% from 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2021, at $249.2 million.
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 | $38.8M | 479 t |
| 2023 | $60.7M | 508 t |
| 2022 | $159.9M | 1.3K t |
| 2021 | $249.2M | 2.2K t |
| 2020 | $188.4M | 1.5K t |
| 2019 | $91.3M | 1.4K t |
| 2018 | $54.0M | 1.6K t |
| 2017 | $32.8M | 1.5K t |
Where Nigeria exports precious metal scrap to
Most of it went to Belgium (40%), Italy (28%), United Kingdom (13%). Among the main buyer markets, Poland grew fastest, more than tenfold on the year before.
| Destination | Value | Share |
|---|---|---|
| Belgium | $15.7M | 40% |
| Italy | $10.8M | 28% |
| United Kingdom | $5.1M | 13% |
| Czech Republic | $2.6M | 6.8% |
| Germany | $2.6M | 6.6% |
| Poland | $1.5M | 4% |
| South Korea | $353K | 0.9% |
| Lithuania | $155K | 0.4% |
Product types under HS 7112
| 7112.92 | Platinum scrap and waste | 52% |
| 7112.99 | Precious metal scrap (other types) | 48% |
Codes and full descriptions: HS heading 7112.
Average export price per kg
The average declared value was about $80.98 per kg, 29% below the world average of $113.77, 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 precious metal scrap exports (HS 7112): 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 7112: Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal compounds, of a kind uses principally for the recovery of precious metal other than goods of heading 85.49.
Common questions
What is the value of precious metal scrap exported by Nigeria?
Nigeria exported precious metal scrap worth $38.8 million in 2024, the latest year with complete public data, about 479 tonnes. That ranks it 50th of 170 countries worldwide, with 0% of world exports. The value was down 36% on 2023.
Which countries buy precious metal scrap from Nigeria?
Belgium was the largest buyer with 40% of the value ($15.7 million), followed by Italy (28%) and the United Kingdom (13%). The top three together account for 81%, out of 8 buyer countries in total. Lithuania grew fastest among the top ten, up 370% on the year.
What is the average export price of precious metal scrap per kg?
The average declared export value was about $80.98 per kg in 2024, 29% below the world average of $113.77 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have exports of precious metal scrap from Nigeria changed since 2017?
Exports went from $32.8 million in 2017 to $38.8 million in 2024, an increase of 18%. The peak was 2021 at $249.2 million. Over 8 years the average was $109.4 million a year.
What is the HS code for precious metal scrap?
The HS code for precious metal scrap is heading 7112. In Nigeria the largest six-digit codes were 7112.92 (52% of the value) and 7112.99 (48%).
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 precious metal scrap trade: top importers and exporters
Precious metal scrap product types in Nigeria
More trade data for Nigeria
See what your buyers are buying.Then decide.
Everything we show you comes from official customs filings — records, not claims. 30 minutes. Your shipment. Your HS code. Real platform. If you don’t see something new about your market by the end of the call, we walk away. No follow-ups.