The Republic of South Sudan, a small nation in northeastern Africa, exported goods valued at US$480.3 million in 2021. That predicted sum represents a decline of -62.8% from $1.29 b in 2017. The total worth of South Sudanese sales decreased by -43.9% from $856.7 million in previous years.

Hydrocarbons and refined petrochemical fuels are South Sudan’s two most valued exports. The top two products from South Sudan together contributed to 98.6% of total export revenue earnings in the nation. A spectrum of shipped goods that is that heavily concentrated would explain the large percentage.

Start exporting from South Sudan 

When you’re prepared to begin exporting goods globally, you must first decide on a field, an area, and a business model. Once you’ve decided what to sell, you need to think about how you’ll get your product in front of your target international market.

Choosing the sector is far from sufficient to operate an exporting enterprise in South Sudan as there are several technicalities, licenses, and rules you must be fully aware of to export. If it seems fairly difficult, don’t worry; we’ve outlined the stages and important details for you here:

Determine your global target market through research

Once your product lineup is complete, it’s essential to think carefully about the overseas markets and clients you plan to target. You can choose the main trading associates of SS for this purpose. 

According to the most recent data available, importers in China, Italy, Singapore, Russia, India, Kenya, Slovakia, Egypt, Germany, the UK, and Indonesia purchased 99.94% of the goods exported from South Sudan.

In terms of the continent as a whole, Asia received 80.4% of South Sudan’s exports by volume. European nations acquired an additional 19.3% worth. Smaller portions were distributed to buyers in African countries. To be on the safe side, pick one of these nations.

Product for exporting 

The fact that a country exports a certain good indicates that it has an excess of that good growing or manufacturing there. And the nations that are importing such goods show that there is scarcity there. Therefore, to maximize profit, it is preferable to export goods that are currently available on the global market. 

The South Sudanese export product categories with the greatest dollar values in 2021 are listed below. 

• Crochet items or clothes;
• Iron and steel;
• Plastic;
• Vehicles;
• Cotton;
• Machinery;
• Computers;
• Wood; and 
• Fuel. 

Exporting regulations 

You must adhere to the following legislative conditions to start an export company in the nation.

Business registration

Your export firm must first be registered with state authorities. The request form, original name, TIN, financial resources, and other material will be requested by the authorities. You’ll also need to create a bank account and register for sales tax, based on the condition.

CoC

A Certificate of Compliance is a formal declaration that a person or business has complied with certain requirements. 

Exporters are provided with a Document of Compliance to demonstrate that the products or services they have purchased adhere to the guidelines set by the destination nation. Usually, to clear inspections, this paperwork must be produced. To export products, the exporter needs to secure this certificate from the relevant authorities.

Figure out expenses and payment methods

To operate a profitable export business, it is necessary to take into account the costs of producing goods, packaging them, paying staff, as well as the costs associated with shipping goods worldwide. Before setting up your price structure, take into account all of the costs involved, including those for warehouse storage, customs duties, shipping, company insurance, and paperwork.

The payment method is the last issue to be resolved. For payment in term deposits, a bank transfer is the most reliable and popular method; however, to complete an international payment, you will also need to give payment information and your company’s address. Credit cards are another simple method of payment for international trade.