Nigeria | Imports and Exports | World | Ferrous waste and scrap; remelting scrap ingots of iron or steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
| Commodity | Reporter | Partner | Trade flow | Indicator | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| 7204. Ferrous waste and scrap; remelting scrap ingots of iron or steel. | Nigeria | World | Exports | Value (US$) | 311,458.00 | 100.16 | 35,544.08 | 33,405.48 | ||||||||
| Imports | Value (US$) | 927,078.00 | 565,112.00 | 1,764,013.00 | 989,137.24 | 5,533,647.00 | 858,572.53 | 1,117,628.19 | 195,157.59 | 448,187.85 | 419,692.24 | 1,215,627.69 | 262,470.47 | |||
| Value Growth, YoY (%) | 164.37 | -39.04 | 212.15 | -43.92 | 459.44 | -84.48 | 30.17 | -82.53 | 129.65 | -6.35 | 189.64 | -78.40 |
The value of exports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." from Nigeria totalled $ 33 thousand in 2023. (cumulative exports of commodity group 7204 from Nigeria amounted $ in 2022)
Exports of commodity group 7204 amounted to 0.193% of total sales of group "" from Nigeria in 2023 (the value of exports of commodity group from Nigeria amounted to $17.2 million in 2023).
Where does Nigeria export Ferrous waste and scrap; remelting scrap ingots of iron or steel.?
Top export destinations of "Ferrous waste and scrap; remelting scrap ingots of iron or steel." from Nigeria in 2023:
- Belgium with a share of 100% (33 thousand US$)
Exports structure of 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel. - from Nigeria in 2023 represented by the following main commodity groups:
- 100% (33 thousand US$): 720449 - Ferrous waste and scrap; n.e.s. in heading no. 7204
The value of imports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." to Nigeria totalled $ 262 thousand in 2023. Sales of commodity group 7204 to Nigeria decreased by 78% in value terms compared to 2022. imports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." decreased by $ 953 thousand (the value of imports of commodity group 7204 to Nigeria was equal to $1.21 million in 2022)
Imports of commodity group 7204 reached 0.096% of total imports of group "" to Nigeria in 2023 (imports of commodity group to Nigeria totalled $271 million in 2023). The share of purchases of commodity group 7204 in imports of commodity group to Nigeria went down by 0.12 p.p. compared to 2022 (it was 0.217% in 2022, and imports of commodity group to Nigeria accounted for $560 million).
Where does Nigeria import Ferrous waste and scrap; remelting scrap ingots of iron or steel. from?
Top trading partners (import of "Ferrous waste and scrap; remelting scrap ingots of iron or steel.") of Nigeria in 2023:
- China with a share of 30% (80 thousand US$)
- Hong Kong with a share of 29% (77 thousand US$)
- Spain with a share of 23% (60 thousand US$)
- India with a share of 6.46% (16.9 thousand US$)
- Cameroon with a share of 3.24% (8.53 thousand US$)
- Sudan with a share of 3.22% (8.46 thousand US$)
- United Kingdom with a share of 2.78% (7.3 thousand US$)
- United Arab Emirates - 1.4 thousand US$
- USA - 818 US$
- Austria - 474 US$
Imports structure of 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel. - to Nigeria in 2023 represented by the following main commodity groups:
- 30% (80 thousand US$): 720449 - Ferrous waste and scrap; n.e.s. in heading no. 7204
- 29% (78 thousand US$): 720429 - Waste & scrap of alloy steel other than stainless steel
- 29% (77 thousand US$): 720410 - Waste & scrap of cast iron
- 6.5% (17 thousand US$): 720450 - Remelting ferrous scrap ingots
- 3.29% (8.64 thousand US$): 720421 - Waste & scrap of stainless steel
- 0.148% (388 US$): 720441 - Ferrous turnings, shavings, chips, milling waste, sawdust, filings, trimmings & stampings, whether or not in bundles
