20 Hot Products You Can Export From Nigeria and Make Money
Exports from Nigeria to other countries of the world is very lucrative and can build the country’s economy overnight.
Why we are not exporting enough products from Nigeria to other countries is a mystery.
Here we present to you the top 20 items you can export from Nigerian and make dollars.
Many people used to think that its only Oil related products that could be exported from Nigeria to other countries and make money. That is not the truth.
There are thousands of items that can be exported. In fact, it might really interest you to know that there are far too many other made in Nigeria goods that could be yielding more than enough foreign exchanges to the country.
If you have interest in taking your own larger share by making millions exporting non oil products to other countries, you are good to go if your company is export ready and adhere to the strict international standards guarding exportation to other countries around the world.
List Of 20 Items You Can Export From Nigeria And Make Dollars
Exports From Nigeria
This is one of the most traded spices in the world which Nigeria happens to be among the largest producers. Why we are not exporting this in large quantity is beyond me. You can start a Trans-Sahara or Trans-Atlantic trade with this goods and be making dollars on regular basis. Garlic is on top of the list of items you can export from Nigeria.
2. Palm Kernel Oil
This is the oil extracted from the pulp of palm fruit which is different from palm oil. Palm Kernel Oil is used for the manufacturing of various cosmetics, pharmaceutical products and confectioneries. The uses of this oil is broad and the mineral contents are said to be rich in protein for various uses. Nigeria has it quantum and makes dollars exporting it to other countries of the world.
3. Textiles and Garments
This industry alone generates close to $32bn as revenue from export from Nigeria. It is also a fact that unlike other products that battles with high strict rules of tests, Nigeria’s textiles enjoy duty free passage into United States where it has the largest markets in the world because of its unique designs, ethnic African designs and quality.
4. Cocoa Butter
This is the real sources of chocolates of all types. The fruits of Cocoa is the end products of various skin care products, health products, and pharmaceutical products. The demands of Cocoa is very high in both America and UK and that is why cocoa farming is very essential on its own.
This is a clay-like solid substance gotten from gallbladder of matured cow and oxen. The size could be as big as chicken egg, it’s a hotcake for foreign pharmaceuticals because they use it for medical purposes. If one could lay his hand a good quantity of well dried gallstone about 100g that is well packaged, ready buyers are waiting for it at either Asian or American markets to give you dollars.
Nigeria has put in place some proper Central Testing Laboratories to ensure that only certified products leave the country for Europe and America which are in dire needs of the product. Nigeria happens to be a significant producer of Rubber. A cubit meter of fine quality rubber goes for between $400 and $600 presently because of the instability of dollar rate in the market.
7. Sesame Seed
This may sound a bit strange if you are not from the area where it is produced in the country like Benue and Jigawa states in Nigeria. This product ranks second to cocoa in terms of export volumes and foreign exchange earnings. Nigeria is the 5th largest producer of this commodity and shipping it into foreign countries brings dollars exchange.
Pure honey is another export commodity from Nigeria to other countries. Presently, a kilogram of honey costs above $150 in the international markets. Pure natural honey contains well trace enzymes as sugar, mineral, vitamins and amino acids. A litre of honey can fetch good dollars in the foreign market.
The Niger Delta region in Nigeria is blessed with rich organic deposits of Shrimps. The demands of Shrimps is high in countries like Portugal, France, Belgium, Spain, Europe and USA.
Garlic is a cash crop which is grown under irrigation by farmers in the Savanna areas in Nigeria. With internationally certified good quantities of garlic, you are sure of foreign hard currencies.
11. Yam Tubers
Nigeria is presently the highest producers of yam. In 2009 alone, yam export accounted for about US$450 million exchange. But due to low quality it’s saddening to know that the country is not maximizing its export potentials of this products. So there is need for prospective exporters of yam to foreign countries to adhere to quality regulations that is guarding the process. Yam farmers must take this into consideration and tap from this opportunity.
This is at the fore front in the international market. This product which is produced in good quantity in Nigeria with now perfected technology, has about 50% ROI.Even an individual can own a charcoal production outfit and have exporters shipping it for him. A large market for charcoal exists in ASIA, EU, and USA. A tone of this product goes for about $1000.
This sector recently received a boost from the National Cotton Association of Nigeria (NACOTAN) of N33 million to rehabilitate it. Cotton is the most natural sources of fiber and is demanded internationally.
14. Cassava Flour
Already we know that Cassava is food for all in Nigeria because of various methods of preparing it. There is need for this in the foreign markets as the demands of well processed cassava flour is increasing both in Europe, Middle East and in America.
15. Cashew Nuts
Almost every part of the country has the potential to produce this international commodity. Great quantity of unprocessed raw cashew nuts are exported to India, Brazil and Vietnam where they are processed into kernels and moved to the Northern America and Europe where they are sold for about $2 per pound. The demands are on increase for the consuming countries.
If you can produce snails in good quantity, there is a ready market for you. Snails are hotcake in European Countries and America. The good thing about this is that it is very easy to rear as it produces rapidly with close to nothing in expenditures for feeding.
17. Chili Pepper
Nigeria is blessed with good weather which supports the proper growths and production of this internationally accepted pepper. If you can grow and source for the export opportunities, you are sure to get it.
18. Fruit Juice
It may sound somewhat strange to the hearing of many that Nigeria provide export opportunity for fruit juice concentrates. Yes, we have it because Nigeria can boast of so many naturally grown fruits all over the country which provides the best of fruit juice productions of great quantities. The opportunity for Nigerian fruits export is huge in USA.
Forget about the facts that some greedy Nigerians go about smuggling chicken into the country. When we talk about poultry, it involves all domestic birds, egg or meat.
Nigeria poultry farm products are still highly needed both within Africa and Western countries because Nigerian weather conditions for poultry farming still remains the best compared to other countries. Poultry products export from Nigeria is an avenue that is still highly untapped.
20. Cosmetics and Soap
Nigeria has grown in this very important area but the only challenge that is holding us back is procurement of good technology to produce this in great quantity to compete favorably with other developed countries.
Soap making, which extends to other toiletries, laundries and so on are already export opportunity waiting to be invested heavily in.
Nigeria has big market in soap industry already which other neighboring countries travels thousands of kilometers to get in big quantities to sell in their countries for good profits. If that area is properly looked into, the investment opportunities are still virgin and if well harnessed, could mean a huge opportunity for foreign exchange to further improve the underused avenues of cosmetics and soap industry in the country.
If the exporters from Nigeria could strictly follow the rules guiding export from Nigeria, more avenues can be opened up for others who are aspiring to join in making export from Nigeria available to other countries around the world for some good exchange rates that would mean more job creation.