Exportation
Business in Nigeria is a lucrative one. This is because the profit you are
making from the business is in hard currency (dollars, pounds or Euro). The
problem here is that some people want to go into exportation business but they
do not know the product they can export apart from oil related product or where
to export and how they can export this product in other to make profit. @bowagate global, here are some of
the products you can export from Nigeria as well as some of the countries you can export to. At
the end of it, we will also give you tips on what you need to know before you
embark on exportation business.
List
of items you can export from Nigeria includes; Ginger, Cocoa butter, Rubber,
Palm kernel oil, Textiles and garments, Gallstone, Sesame seed, Garlics, Yam
tubers, Charcoal, Cotton, Cassava floor, Cashew Nuts, Honey, Shrimps, Snail,
Chili pepper, Fruit Juice, Poultry, Cosmetics and Soap, wigs and hair attachments.
GINGER: It is a hot, fragrant spice made from
the rhizome of a plant, which may be chopped or powdered for cooking, preserved
in syrup, or candied. Nigeria is one of the largest producers of Ginger. It is
also one of the most traded spices in the world because of its health benefits
and medicinal purposes. You can start trading this item by exporting to major
importers like USA, Japan, Pakistan, Netherlands, India, Saudi Arabia, and
Malaysia etc.
COCOA BUTTER: Cocoa butter also known as
theobroma oil, is a pale yellow edible vegetable fat extracted from cocoa bean.
It is used in making chocolates, ointments, toiletries, and pharmaceuticals.
This is why the demand is so high in countries like USA, UK, Germany,
Netherland, Belgium, and France.
RUBBER: It is tough elastic polymeric
substance made from the latex of a tropical plant or synthetically. Nigeria is
a major producer of rubber in Africa. It has also central testing laboratories
to ensure that only certified products leave the country. Top partner countries
to which Nigeria exports rubber includes India, Spain, France, South Africa and
USA.
PALM KERNEL OIL: It is edible plant oil
derived from the kernel of the oil palm commonly called African oil palm. It is
used for the manufacturing of cosmetics, pharmaceutical products,
confectioneries etc. The uses of this oil is broad that is why the demand for
it from other parts of the world is much. You can export to China, United States,
EU countries, Brazil and India.
TEXTILES AND
GARMENTS:
Nigeria textile and garments industry is a huge business for exporters
especially now that CBN (Central Bank OF Nigeria) has restricted access to
foreign exchange to importers of textile, garments and cloths to Nigeria, in
other to boost the production of locally made materials for export. Spain,
Italy, Portugal, USA, UK, Malaysia Netherlands etc. needs Nigerian made Textile
and Garments because of its Texture and quality.
GALLSTONE: It is clay- like solid
substance gotten from the gallbladder of matured cow or ox. A good quality
gallstone should be dried upon collection of some quantity say 100kg, you can
now parcel them and send to buyers abroad who pays with hard currency when the
receive them. Import countries includes; Hong Kong, China, Germany, Bahrain,
Canada, Israel etc.
SESAME SEED: Sesame seeds are tiny,
oil-rich seeds that grow in pods on the Sesamum indicum plant. This can be
found in quantity in states like Sokoto, Jigawa, Benue, Nassarawa and Taraba.
There is an increase in demand worldwide for Sesame seed.
GARLIC: It is a strong-smelling pungent
tasting bulb, used as a flavoring in cooking and in herbal medicine, as well as
in orthodox medicine. With internationally certified good quantities of garlic,
you are sure of foreign hard currencies.
YAM TUBERS: Exporting Yam from Nigeria is a good
business to embark on. There is availability of yam in states like Benue, Ekiti,
Edo, Ebony, Imo, Niger, Sokoto , Osun, Oyo etc. Once you are able to adhere to
quality and regulations guarding exportation of yam tubers to foreign countries,
then you start making your hard currencies.
CHARCOAL: Tens of thousands of metric tons of
charcoal are exported yearly from Nigeria and the revenues generated make the
sector lucrative. A large market exists in EU, USA and Asia with PRICES going up to $1,000 per tons
depending on mode of packaging.
COTTON: Cotton is the most natural source of
fiber and it is in demand internationally. Already Nigeria is missing out among
the selected 15 African countries on the share of cotton in product export by the
world cotton market on Cottonguide.org where Burkina Faso and Benin are ranked
numbers 1 and 2. Cotton is in high demand in countries like China, Bangladesh,
Vietnam, Turkey, Indonesia, Hong Kong.
CASSAVA FLOUR: Cassava flour is a food for
all in Nigeria because of the various method in which it can be prepared. The
demand for well processed cassava flour is increasing in Europe, Middle East
and America.
CASHEW NUTS: Nigeria is one of the
largest producers of raw cashew nuts in shells worldwide with yearly export
volume of at least $167million dollars and untapped yearly potentials of over
$115.8 million dollars. You can export to India, Vietnam, Netherland, Germany,
UK, Belgium etc.
HONEY: Exportation of honey is a lucrative
Agribusiness around the world. This is so because honey has a lot of economic
and health values. A liter of honey can fetch you good dollars in the foreign
market. Major importers of honey; USA, Germany, Japan, UK, France, China,
Italy, Belgium etc.
SHRIMPS:
Shrimp is a small free swimming crustacean with an elongated body,
typically marine and frequently of commercial importance as food. Interestingly
shrimps are one of the largest Agricultural exports of Nigeria. The demand for
shrimps is high in countries like France, USA, UK, China, Spain, Belgium,
Portugal etc.
SNAIL: Good quantity of snail production
could fetch you a whole lot of foreign exchange. There is a ready market for
your produce and snails are of high
demand in European countries and America. Snail is easy to rear and it does not
require much to feed it.
CHILI PEPPER: Starting a chili pepper
Agro export business is one of the most profitable businesses to do. Nigeria is
blessed with good weather which supports the proper growth and production of
the internationally accepted pepper. Germany, UK, USA, Canada, France… these
are countries you can export chili pepper.
FRUIT JUICE: Fruit juice has a great
potential for export especially in the west coast where indeed a lot of export
is taking place. Nigeria has so many natural grown fruit all over the country
which provide the best of fruit juice products of great quality.
POULTRY: Poultry here involves all domestic
birds, egg or meat. Nigeria poultry farm products are still needed in both
Africa and Western countries because our weather conditions for poultry farming
are the best, also high population growth is leading to increase in demand for
poultry products around the world. Poultry product export from Nigeria is an
avenue that is still yet or highly untapped.
COSMETICS AND SOAP: The growth recorded in this
very important part of our economy is awesome. There are still challenges like
lack of using good technology in production of cosmetics or procurement of good
technological equipment to produce cosmetics in great quantity to compete
favorably with cosmetics made in other developed countries. Cosmetics and soap
produced in Nigeria can be exported to African countries where they are needed.
WIGS AND HAIR ATTACHEMENTS: Nigeria’s beauty industry
has experienced impressive growth in recent years, and it is largely buoyed by
patronage from the emerging young population which places a premium on
‘packaging’ (looking good). Abundance of both locally and foreign wigs and hair
attachments in our markets, profit involved in it and the demand of these products from
neighboring countries have prompted some
people to start exporting it to these countries and beyond. It will interest
you to know that Nigerians are exporting to other African countries, Malaysia,
and China etc.
CONCLUSION: There is no limit to the
profit you can make in exporting from Nigeria, but first you have to understand
the nitty-gitty of going into such business. Apart from these items listed
above, there are other numerous items you can export. It is a very important to
understand the rules and regulation guiding the exportation of these products
to other countries. For more information, visit: www.bowagateglobal.com, Email: info@bowagateglobal.com
for your export and import enquires
