Ships exports from Nigeria: data, top buyers and prices
In 2024, Nigeria exported ships worth $65.4 million (43.0 thousand tonnes). That is 42% less than in 2023. Over 2018-2024 the trade grew strongly, by about 66% a year on average. The peak in this period was 2023, at $112.3 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 | $65.4M | 43.0K t |
| 2023 | $112.3M | 53.1K t |
| 2022 | $87.9M | 3.3K t |
| 2021 | $8.8M | 1.1K t |
| 2020 | $0K | 19 t |
| 2019 | $17.9M | 13.1K t |
| 2018 | $3.1M | 1.8K t |
Where Nigeria exports ships to
One buyer market dominates: South Korea accounted for 60% of the value. Among the main buyer markets, Gabon grew fastest (+44% on the year before).
| Destination | Value | Share |
|---|---|---|
| South Korea | $39.2M | 60% |
| Equatorial Guinea | $18.5M | 28% |
| Gabon | $4.1M | 6.3% |
| Republic of the Congo | $2.0M | 3.1% |
| Ghana | $1.6M | 2.5% |
| Togo | $19K | 0% |
| Marshall Isds | $0K | 0% |
Product types under HS 8901
| 8901.20 | Oil and chemical tankers | 60% |
| 8901.90 | General cargo ships | 34% |
| 8901.10 | Passenger ships and ferries | 5.7% |
Codes and full descriptions: HS heading 8901.
Average export price per kg
The average declared value was about $1.52 per kg, 40% below the world average of $2.55, 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.
Ships imports to Nigeria
Imports of ships by Nigeria reached $23.2 million in 2024 (16.7 thousand tonnes). Most of the value came from Singapore (35%), Netherlands (24%), Angola (13%). Among the main suppliers, Angola grew fastest (+553% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Singapore | $8.1M | 35% |
| Netherlands | $5.5M | 24% |
| Angola | $3.1M | 13% |
| United States | $2.3M | 9.7% |
| China | $1.2M | 5.4% |
| United Arab Emirates | $1.2M | 5% |
| France | $861K | 3.7% |
| Norway | $381K | 1.6% |
| South Africa | $345K | 1.5% |
| Germany | $222K | 1% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria ships exports (HS 8901): 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 8901: Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods.
Common questions
What is the value of ships exported by Nigeria?
Nigeria exported ships worth $65.4 million in 2024, the latest year with complete public data, about 43.0 thousand tonnes. That ranks it 45th of 120 countries worldwide, with 0% of world exports. The value was down 42% on 2023.
Which countries buy ships from Nigeria?
South Korea was the largest buyer with 60% of the value ($39.2 million), followed by Equatorial Guinea (28%) and Gabon (6%). The top three together account for 94%, out of 7 buyer countries in total. Gabon grew fastest among the top ten, up 44% on the year.
What is the average export price of ships per kg?
The average declared export value was about $1.52 per kg in 2024, 40% below the world average of $2.55 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have exports of ships from Nigeria changed since 2017?
Exports went from $3.1 million in 2018 to $65.4 million in 2024. The peak was 2023 at $112.3 million. Over 7 years the average was $42.2 million a year.
Does Nigeria also import ships?
Yes. Nigeria imported $23.2 million worth of this product in 2024, mainly from Singapore, the Netherlands and Angola. On balance Nigeria is a net exporter of this product, by about $42.2 million a year.
What is the HS code for ships?
The HS code for ships is heading 8901. In Nigeria the largest six-digit codes were 8901.20 (60% of the value) and 8901.90 (34%).
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
Ships product types in Nigeria
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