Nigeria’s export industry is highly profitable. This is because the business profit is made in hard cash (dollars, pounds, or euros). Here are 20 products you may export from Nigeria and sell to earn cool money.
The issue here is that some people desire to start an exportation business but do not know what products, other than those related to oil, they may export, where to export them from, or how to do so to generate money.
Products to export from Nigeria
Ginger, cocoa butter, rubber, palm kernel oil, textiles and apparel, gallstones, sesame seeds, garlic, yam tubers, charcoal, cotton, cassava flour, cashew nuts, honey, shrimps, snails, chili peppers, fruit juice, poultry, cosmetics and soap, and wigs and hair extensions are among the products you can export from Nigeria.
Ginger
It is a reliable agricultural export from Nigeria to other nations. It is a fiery, fragrant spice derived from a plant’s rhizome, and it can be candied, powdered, or chopped for use in recipes. One of the major producers of ginger is Nigeria. Because of its medical uses and health advantages, it is also one of the most trafficked spices worldwide. Exporting this product to important importers like the USA, Japan, Pakistan, Netherlands, India, Saudi Arabia, Malaysia, etc. will allow you to start trading this product.
Cocoa butter
Theobroma oil sometimes referred to as cocoa butter, is a light yellow edible vegetable fat that is obtained from cocoa beans. It is employed in the production of medicines, ointments, toiletries, and chocolates. In nations like the USA, UK, Germany, Netherlands, Belgium, and France, demand is particularly high because of this.
Rubber
It is a sturdy, elastic polymer that is either generated synthetically or from the latex of tropical plants. Africa’s largest producer of rubber is Nigeria. Additionally, it has national testing facilities to guarantee that only approved goods leave the country. Nigeria’s top trading partners include India, Spain, France, South Africa, and the United States.
Palm kernel oil
It is an edible plant oil made from the kernel of an oil palm species that is also known as an African oil palm. It is employed in the production of confections, pharmaceuticals, and cosmetics, among other things. This oil has a wide range of applications, which accounts for the substantial global demand for it. You can export goods to Brazil, India, China, the United States, and the EU.
Textiles and garments
To increase the production of locally made goods for export, the CBN (Central Bank of Nigeria) has restricted access to foreign exchange for importers of textiles, garments, and clothing into Nigeria. This has greatly benefited Nigeria’s exporters. Nigerian textiles and clothing are needed because of their texture and quality in countries like Spain, Italy, Portugal, the United States, the United Kingdom, Malaysia, the Netherlands, and others.
Gallstone
It is a firm, clay-like substance obtained from mature cow or ox gallbladders. Once you have collected a certain amount, let’s say 100 kg, a good gallstone should be dried. You can then package them up and send them to buyers overseas who will pay with hard currency once they receive them. Hong Kong, China, Germany, Bahrain, Canada, Israel, and other nations import goods.
Sesame seed
On the Sesamum indicum plant, small, oil-rich sesame seeds develop in pods. States like Sokoto, Jigawa, Benue, Nassarawa, and Taraba are full of this. Sesame seeds are more and more in demand on a global scale.
Garlic
It is a pungent-smelling, strong-tasting bulb that is utilized in traditional medicine as well as herbal and culinary remedies. You can be certain of foreign hard dollars if your garlic is of internationally recognized good quality.
Yam tubers
Yam exporting from Nigeria is a profitable venture. States like Benue, Ekiti, Edo, Ebony, Imo, Niger, Sokoto, Osun, Oyo, etc. have yam available. When you can maintain the standards and laws protecting the export of yam tubers to foreign nations, you can begin producing your hard dollars.