List Of 20 Items You Can Export From Nigeria And Get Paid In Dollars
It is not difficult to export from Nigeria to other countries of the world; you only need to know the necessary things to do. Exports from Nigeria can make you millions but it still surprises me that quite a few people are into the exporting business in Nigeria.
There are a lot of products you can export from Nigeria, but you need to identify those ones that are always in high demand. Gone are the days when people think that you can only export oil-related products from Nigeria.
I want to highlight a list of things that you can comfortably export from Nigeria to other countries. The export business is not the way most people paint it to be. All you need to do is to ensure that the necessary requirements and licenses are in order. It will interest you to know that there are some made-in-Nigeria goods that command respect in the foreign market.
In 2018, Nigeria exported about US$52.9 billion worth of goods around the world. From a continental perspective, 43.9% of exports from Nigeria went to Europe while 27.7% were sent to Asia. If you want to venture into the export business in Nigeria, then I advise you kick start from the list of products below.
20 Items You Can Export From Nigeria And Earn In Dollars
Ships and Boats
As odd as it might sound to you, ships and boat export from Nigeria were only behind crude oil in terms of quantity exported in 2018. You must not fixate your mind on food products alone; allow your mind to wander from different angles so that you get to really understand the Nigerian export market. From ships and boats alone, Nigerian exporters made US$1.3 billion which accounted for about 2.4%of the total money generated from exports from Nigeria.
This is another product you can easily export from Nigeria, mostly because it is always in constant demand. In 2018 alone, Nigeria generated about US$317.5 million from exporting cocoa to other countries. There are cocoa farms, especially in the Southwestern part of the country. You can readily access your products for export from Nigeria.
Raw hides, skins, and leather
Looking for what you can export from Nigeria, hides, skins, and leather can do the magic for you. They were listed among the leading export commodities from Nigeria in 2018. It was estimated that they generated about US$93.4 million for the country this past year.
Currently, ginger is one of the most traded commodities in the world and Nigeria is among the leading producers of this product. You can start this export on a small scale and then expand your business with time. The reason why we are not exporting a large quantity of ginger from Nigeria to other countries is a mystery to me.
Palm kernel oil
The fact that palm kernel oil is used for the manufacturing of different products like cosmetics, pharmaceutical products, and confectioneries shows that it is a lucrative venture. Identifying the right product to export from Nigeria is more important than you decide to enter into the export business. In Nigeria, you can access palm kernel oil easily since they are readily available.
Textiles and/or clothes
Oftentimes people make the mistake of thinking the Nigerian textile product is not ripe for the export business. Well, they can’t be more wrong in their thinking. The Nigerian textile industry is fast becoming a world brand, and it is a great business opportunity that you can’t afford to miss. In the United States, Nigerian textiles enjoy duty-free passage owing to its unique designs, ethnic African designs, and great quality. Nigerian textile is a great product that you can export from Nigeria.
Nigeria is a renowned producer of rubber in Africa and it has maintained this standard over the years. It will interest you to know that a cubic meter of fine quality rubber goes for between $400 and #600 in the international market. Rubber export from Nigeria is a great way to start your exporting business in Nigeria.
Another great and profitable commodity that you can export from Nigeria is sesame seed. This seed is largely produced in states like Benue and Jigawa. In terms of export volume and foreign exchange earnings, it is second to cocoa. At the moment, Nigeria is the 5th largest producer of sesame seeds in the world.
Pure honey is a great export product from Nigeria with mouthwatering foreign exchange earnings. It contains trace enzymes as sugar, minerals, vitamins, as well as amino acids. A kilo of pure honey in the international market cost approximately $150 on average.
You can make good money from the export of garlic from Nigeria to other countries. In Nigeria, garlic is a spice crop grown under irrigation by farmers in the Savannah regions. Provided you meet the international standards, you are sure to make cool money exporting garlic from Nigeria.
As it stands today, Nigeria is ranked number one in the production of yam tubers in the world. The major challenge in the export of yam from Nigeria to international buyers is the issue of low quality of the yam produce. Before you venture into yam export from Nigeria, there is a need for you to know the quality regulations guarding the process. As a commercial yam farmer, you need to tap into this great opportunity and start playing in the international market.
This might be a surprise to you, but charcoal is a good commodity that you can export from Nigeria for foreign exchange. It will interest you to know that this product has about 50% returns on investment (RoI). You can decide to own a charcoal production outfit with exporters shipping it for you. All you need to do is have a good business plan on how you can profitably execute your export business seamlessly.
Cotton is arguably the best natural source of fiber with ever-increasing demand in the international market. You can actually start with cotton if you are in search of a commodity to export from Nigeria.
In Europe, Asia, and America, there is an increasing demand for well-processed cassava flour. This calls for an investment in the cassava flour exporting business in Nigeria. It is a business opportunity that you actually wouldn’t want to miss for anything at all.
Every day, a large number of unprocessed cashew nuts are exported to countries like Brazil, India, Vietnam, etc. In the international market, there is a high demand for cashew nuts. Here in Nigeria, you can get the commodity mostly in the Southern part of the country, especially in the South East.
Fruit and Vegetables
Another silent commodity that you can export from Nigeria is fruits and vegetables. Globally, there is an increasing demand for Nigerian fresh fruits and vegetables, but the supply seems to be the low. You can actually make a fortune exporting fruits and vegetables from Nigeria to the international market. The one thing you must make sure of is that your products must be of a high standard.
Poultry and Poultry Products
Poultry includes all domestic birds like quail, geese, ducks, chickens, etc. You actually earn huge foreign exchange by exporting poultry birds. The market includes African countries as well as other European buyers that have come to love the poultry birds from Nigeria. Actually, the poultry products exported from Nigeria is a great avenue that is yet to be fully harnessed.
Shrimps are also a good, profitable, and lucrative export from Nigeria that you can key into and generate huge income for yourself. In countries like USA, France, Spain, and Portugal, there is an increasingly high demand for this product. If you can be able to get your product to these locations, you are in for some cash.
There are lots of products and commodities you can export from Nigeria; this article is just to give you a tip of the iceberg. So, you only have to do your own due diligence as it concerns the export business in Nigeria. This will help you to really understand how the industry works.