Precious stones exports from Nigeria: data, top buyers and prices
In 2024, Nigeria exported precious stones worth $26.9 million (2.5 thousand tonnes). Value fell 19% from 2023. Over 2017-2024 the trade grew strongly, by about 18% a year on average.
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 | $26.9M | 2.5K t |
| 2023 | $33.1M | 1.6K t |
| 2022 | $15.2M | 12.4K t |
| 2021 | $10.7M | 2.4K t |
| 2020 | $9.3M | 2.9K t |
| 2019 | $8.8M | 1.2K t |
| 2018 | $8.9M | 353 t |
| 2017 | $8.2M | 196 t |
Where Nigeria exports precious stones to
Most of it went to United States (33%), India (32%), Italy (9%). Among the main buyer markets, Italy grew fastest (+56% on the year before).
| Destination | Value | Share |
|---|---|---|
| United States | $8.9M | 33% |
| India | $8.5M | 32% |
| Italy | $2.5M | 9.2% |
| France | $1.9M | 7.2% |
| Thailand | $1.8M | 6.9% |
| Germany | $1.0M | 3.7% |
| Switzerland | $817K | 3% |
| China | $758K | 2.8% |
| Hong Kong | $334K | 1.2% |
| United Kingdom | $130K | 0.5% |
Product types under HS 7103
| 7103.99 | Cut precious stones (other types) | 56% |
| 7103.10 | Rough gemstones | 40% |
| 7103.91 | Cut rubies, sapphires and emeralds | 3.6% |
Codes and full descriptions: HS heading 7103.
Average export price per kg
The average declared value was about $10.79 per kg, 76% below the world average of $44.08, 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.
Precious stones imports to Nigeria
In 2024, Nigeria imported precious stones worth $204 thousand (93 tonnes). United States alone supplied 80% of it. Among the main suppliers, South Africa grew fastest (+61% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| United States | $162K | 80% |
| South Africa | $35K | 17% |
| Thailand | $2K | 1.1% |
| Malawi | $2K | 1% |
| India | $2K | 0.9% |
| Germany | $1K | 0.4% |
| Sweden | $0K | 0.1% |
| United Arab Emirates | $0K | 0% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria precious stones exports (HS 7103): 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 7103: Precious (excluding diamond) and semi-precious stone; worked, graded, not strung, mounted, set; ungraded precious (excluding diamond) and semi-precious stone, temporarily strung for convenience of transport.
Common questions
What is the value of precious stones exported by Nigeria?
Nigeria exported precious stones worth $26.9 million in 2024, the latest year with complete public data, about 2.5 thousand tonnes. That ranks it 28th of 162 countries worldwide, with 0% of world exports. The value was down 19% on 2023.
Which countries buy precious stones from Nigeria?
The United States was the largest buyer with 33% of the value ($8.9 million), followed by India (32%) and Italy (9%). The top three together account for 74%, out of 36 buyer countries in total. Italy grew fastest among the top ten, up 56% on the year.
What is the average export price of precious stones per kg?
The average declared export value was about $10.79 per kg in 2024, 76% below the world average of $44.08 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have exports of precious stones from Nigeria changed since 2017?
Exports went from $8.2 million in 2017 to $26.9 million in 2024, an increase of 227%. The peak was 2023 at $33.1 million. Over 8 years the average was $15.1 million a year.
Does Nigeria also import precious stones?
Yes. Nigeria imported $204 thousand worth of this product in 2024, mainly from the United States, South Africa and Thailand. On balance Nigeria is a net exporter of this product, by about $26.7 million a year.
What is the HS code for precious stones?
The HS code for precious stones is heading 7103. In Nigeria the largest six-digit codes were 7103.99 (56% of the value) and 7103.10 (40%).
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
Precious stones product types in Nigeria
More trade data for Nigeria
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