Precious metal scrap (other types) exports from Nigeria: data, top buyers and prices
Exports of precious metal scrap (other types) by Nigeria reached $18.5 million in 2024 (204 tonnes). Value fell 18% from 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2021, at $43.1 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 | $18.5M | 204 t |
| 2023 | $22.5M | 191 t |
| 2022 | $31.3M | 374 t |
| 2021 | $43.1M | 1.0K t |
| 2020 | $34.5M | 675 t |
| 2019 | $23.0M | 751 t |
| 2018 | $13.2M | 949 t |
| 2017 | $12.4M | 528 t |
Where Nigeria exports precious metal scrap (other types) to
Italy alone took 58% of it. Among the main buyer markets, Poland grew fastest, more than tenfold on the year before.
| Destination | Value | Share |
|---|---|---|
| Italy | $10.8M | 58% |
| United Kingdom | $5.1M | 27% |
| Poland | $1.5M | 8.3% |
| Germany | $1.0M | 5.4% |
| Lithuania | $155K | 0.8% |
Average export price per kg
The average declared value was about $91.11 per kg, 86% above the world average of $48.98. This usually points to higher-grade or processed goods.
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 (other types) exports (HS 7112.99): 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 7112.99: Waste and scrap of precious metals: waste and scrap of precious metals including metal clad with precious metals, other than that of gold and platinum and excluding ash which contains precious metal or precious metal compounds.
Common questions
What is the value of precious metal scrap (other types) exported by Nigeria?
Nigeria exported precious metal scrap (other types) worth $18.5 million in 2024, the latest year with complete public data, about 204 tonnes. That ranks it 44th of 142 countries worldwide, with 0% of world exports. The value was down 18% on 2023.
Which countries buy precious metal scrap (other types) from Nigeria?
Italy was the largest buyer with 58% of the value ($10.8 million), followed by the United Kingdom (27%) and Poland (8%). The top three together account for 94%, out of 5 buyer countries in total. Lithuania grew fastest among the top ten, up 404% on the year.
What is the average export price of precious metal scrap (other types) per kg?
The average declared export value was about $91.11 per kg in 2024, 86% above the world average of $48.98 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have exports of precious metal scrap (other types) from Nigeria changed since 2017?
Exports went from $12.4 million in 2017 to $18.5 million in 2024, an increase of 49%. The peak was 2021 at $43.1 million. Over 8 years the average was $24.8 million a year.
What is the HS code for precious metal scrap (other types)?
The HS code for precious metal scrap (other types) is subheading 7112.99. It sits in HS chapter 71 (natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin). The full list of codes and descriptions is on the HS 7112 page.
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
World precious metal scrap (other types) trade: top importers and exporters
More trade data for Nigeria
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