Rough gemstones exports from Nigeria: data, top buyers and prices
Exports of rough gemstones by Nigeria reached $10.8 million in 2024 (2.5 thousand tonnes). Its share of world exports was 1%. That is 16% less than in 2023. Over 2017-2024 the trade grew strongly, by about 11% 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 | $10.8M | 2.5K t |
| 2023 | $13.0M | 1.6K t |
| 2022 | $5.1M | 12.4K t |
| 2021 | $6.3M | 545 t |
| 2020 | $3.2M | 225 t |
| 2019 | $3.4M | 427 t |
| 2018 | $4.3M | 282 t |
| 2017 | $5.2M | 154 t |
Where Nigeria exports rough gemstones to
India alone took 71% of it. Among the main buyer markets, China grew fastest (+40% on the year before).
| Destination | Value | Share |
|---|---|---|
| India | $7.7M | 71% |
| Thailand | $1.1M | 10% |
| Germany | $753K | 6.9% |
| China | $720K | 6.6% |
| Hong Kong | $334K | 3.1% |
| Italy | $77K | 0.7% |
| United States | $50K | 0.5% |
| France | $6K | 0.1% |
| Poland | $5K | 0% |
| New Zealand | $5K | 0% |
Average export price per kg
The average declared value was about $4.40 per kg, 32% below the world average of $6.46, 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 rough gemstones exports (HS 7103.10): 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 7103.10: Stones: precious (other than diamonds) and semi-precious stones, unworked or simply sawn or roughly shaped, not strung, mounted or set.
Common questions
What is the value of rough gemstones exported by Nigeria?
Nigeria exported rough gemstones worth $10.8 million in 2024, the latest year with complete public data, about 2.5 thousand tonnes. That ranks it 19th of 129 countries worldwide, with 1% of world exports. The value was down 16% on 2023.
Which countries buy rough gemstones from Nigeria?
India was the largest buyer with 71% of the value ($7.7 million), followed by Thailand (10%) and Germany (7%). The top three together account for 89%, out of 28 buyer countries in total. France grew fastest among the top ten, up 166% on the year.
What is the average export price of rough gemstones per kg?
The average declared export value was about $4.40 per kg in 2024, 32% below the world average of $6.46 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have exports of rough gemstones from Nigeria changed since 2017?
Exports went from $5.2 million in 2017 to $10.8 million in 2024, an increase of 108%. The peak was 2023 at $13.0 million. Over 8 years the average was $6.4 million a year.
What is the HS code for rough gemstones?
The HS code for rough gemstones is subheading 7103.10. 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 7103 page.
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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