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Sheabutter:

Sheabutter is one of the most exciting products to trade internationally because, depending on where it is going to, who the buyer is, and what they are using it for, the profit margins could be anywhere from 30% to over 300%! This makes sheabutter one of the most exciting products to trade internationally.

The fact that the cost of producing shea butter as of January 2022 is a total of approximately $1,700 to $2,200 per metric tonne makes the shipping of shea butter from Nigeria an interesting prospect. On the other hand, shea butter could be sold to some direct users around the world for between $2,800/mt and sometimes more than $6,000/mt.

To be continued......

Desiccated Coconuts

At the moment, exporting desiccated coconut can bring in a very profitable profit. Coconut that has been dehydrated is a component that is frequently found in confectionery and bakery products, frozen foods, food service and consumer goods amongst other applications.
During the first three months of the year 2022, desiccated coconuts with a total value of N9.30 billion were shipped to Vietnam as well as India. The total value is equivalent to 0.13 percent of the total exports that occurred during the time period.

Cocoa Beans of the Standard Quality

Cocoa beans are one of the agricultural products that are in the highest demand all over the world. Their prices are governed on a global scale, and the profit margins on each sale could range anywhere from 20% to 35%, depending on the method by which the products are procured and the country from which the customer originates.

The profit margins can be significantly increased by processing cocoa beans into cocoa butter or chocolates and then exporting these products. This can increase the profit margins from the range of 25% to between 35% and 50%. Additionally, the further it is broken down, the greater the potential profit margins.

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While it will take some time, good market research gives you several great advantages in your further export process. The main benefits for you:
It helps you to identify your most promising market
It will include rich inputs for your export plan
It will give you full understanding of the competitive landscape of your target market
It will support you in minimising risks and maximising prospects.

To summarize it all

Despite the fact that there are hundreds of other agricultural products that can be exported profitably from Nigeria and other parts of Africa to international buyers located all over the world, it is important to note that these agricultural products that were mentioned above are more commonly exported profitably as long as you are dealing with the appropriate type of buyers.

You should also make an effort to target the markets in Europe and the United States because consumers in those regions are willing to pay up to two times or even more what consumers in Asia are willing to pay for the goods or services you have to offer.
You will always be in a great position to grow a successful export business if you locate and concentrate your marketing efforts on the appropriate locations in the world.

Top 15 Nigeria Agro Commodity Export Destination by Volume of Trade

Depending on which sector you choose to focus on, the export business in Nigeria is one of the most profitable. While large-scale importation can have a negative impact on the country's economy, large-scale exportation can turn any entrepreneur into a millionaire and possibly a billionaire.

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Thousands of people plan to export goods and services from Nigeria to various parts of the world. One significant benefit of this is that it not only serves as a means of generating large revenues for their businesses, but it is also a great way to be paid in foreign currency.
If you're looking for profitable Export markets to export your Agro products not only to make a lot of money, but also to get paid in dollars,

Here are 15 profitable Export market destinations for Nigerian Agricultural Commodities.



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1. India :

India is Nigeria biggest Export market. Nigeria's export to India is mostly crude oil and cashew nuts . Nigeria Exports to India was US$7.73 Billion during 2021, according to the United Nations COMTRADE database on international trade. Nigeria Exports to India - data, historical chart and statistics. Beside Cashew nut, Nigeria export Cocoa and Cocoa preparation, cotton, cereals, flour, starch, and vegetable products, wood charcoal etc.

These are exportable products which can be sourced in the country. Going forward, the demand for our Agricultural Commodities by India is witnessing a positive trend and this will continue for the foreseeable future due to advancement in information technology and population growth. We should not just export raw commodities but add value to them through value end processing to scale our productivity and improve our earnings from India.

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2. Spain

Spain is the second largest Export destination of Nigeria sourced local commodities. It’s an European country with a population of about 47 million. It’s a good trading partner of Nigeria over the decades with trade growing to a total value of N1.03 trillion naira accounting about 14% of total Export.

It is a major destination of some of Nigeria agricultural commodities such as Cocoa and Cocoa preparations, rubber, fish, crustaceans, molluscus, nuts, citrus fruits, melon, peel of citrus, oil seed, grains, seed, fruits, edible vegetable, root and tuber crops.
Wheat gluten, starches, eggs, honey and cotton.

I will encourage them to take advantage of the 200 million Nigeria consumer market to expand their trade and increase the value of import from Nigeria. They are assured of incentives such as three to five years tax holidays for enterprises in what we deem to be pioneer industries; tax-free operations and no restrictions on expatriate quotas in our Free Trade Zones; Also, the ”Capital allowances for agriculture, manufacturing and engineering amongst others provides a platform for Spanish businesses to connect with credible Nigerian partners.

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3. Netherlands:

Another trading partner of Nigeria is Netherlands, an European country with population of about 18 million. Netherlands is the third largest Export destination of Nigeria sourced local commodities. The value of total Export to Netherlands is valued at N914 billion Naira accounting for 12% of Upvalue of total Export.

Scaling downward shows Netherlands import a lot of Nigeria Agricultural Commodities such as Cereals, hard wood charcoal, flour, starch, milk preparations, edible vegetable, roots and tuber, cotton, eggs, honey, sugar, grains, oil seed, Cocoa and Cocoa preparations. Nigeria should emulate the Dutch who have developed smart storage and packaging technologies that keep food fresh longer.


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4. USA:

USA is a top Nigeria commodity Export destination. The U.S. is a country of 50 states with a population of about 331 million people covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean.

USA is a long time trading partner of Nigeria with total value of trade amounting to N661billion Naira accounting for 9% of Export Trade. It’s a major Export destination of a lot of Nigeria locally sourced Agricultural Commodities such as herbal tea and food preparations, cotton,Cocoa Beans, Cereal bran, aromatic plants, nuts, oil seed and fish.

AGOA, short for the African Growth and Opportunity Act, forms part of United States trade legislation offers special access to the US market for Sub-Saharan African beneficiary countries like Nigeria, but also provides a framework for other US support to, and engagement with, African countries.


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5. Indonesia:

Indonesia buys Nigeria Agricultural Commodities in commercial scale and has been a destination of some of the Agricultural produce from Nigeria. The value of total Export to Indonesia from Nigeria is 625 billion Naira accounting for 8% of total Export.

Business Relationship between Nigeria and Indonesia has been on since 1965. In recent times, Nigeria has done a lot of business with Indonesia involving oil and agricultural commodities such as cocoa and ginger. Nigeria and Indonesia have similarities in terms of natural resources but there is need for both countries to deepen their trade relationship to develop their natural resources.

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6. Germany:

Germany is a top Export destination of Nigeria agricultural locally sourced products. It’s a country of 84 million people located in central Europe. Germany import Nigeria locally sourced products in different forms.

There is need to increase non oil products to Germany as over 70% of our export to this country is crude oil. The Non Oil Export to Germany account for only 27% of the total Export. Germany buys Nigeria Agricultural Commodities as Cocoa and Cocoa preparations, fresh ginger, dried split ginger, grain, seeds, cereal, flour and starch.


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7. Poland:

Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of 312,696 km². Poland has a population of over 38 million and is the fifth-most populous member state of the European Union. Nigeria has over 6 decades of bilateral trading relationship with Poland as it’s a top buyer of Nigeria locally sourced commodities. Nigeria was the only African country Poland has signed an agreement of strategic dialogue with, which includes the MoU on agriculture cooperation. It buys products such as Cream powder, roasted malt, Food preparations, oil seeds, wood charcoal, Cocoa and Cocoa preparations etc.

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8. Japan:

Japan is an island country in East Asia. Japan is the eleventh most populous country in the world, as well as one of the most densely populated. About three-fourths of the country's terrain is mountainous, concentrating its population of 125.5 million.

There are Export business opportunities in Japan. It’s a trading partner of Nigeria as it’s annual trading volume has exceeded over N700 billion Naira. Nigeria’s agriculture exports to Japan have found a stable niche market as its sesame seeds exports now account for 40 per cent of sesame seeds consumed in Japan. Beside Oil seed, other agricultural locally sourced products from Nigeria to Japan include Cocoa Beans, Cocoa butter, Cocoa shell etc.


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9. Turkey:

Turkey, officially the Republic of Turkey, is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia with a population of about 83 million inhabitants.

Turkey offers Export business opportunities as one of the top Export destination of Nigeria locally sourced products. Turkey buys Nigeria Agricultural Commodities such as oil seeds, oleagic fruits, grains, seeds, fruits, cocoa and cocoa preparations, edible fruits, cotton, nuts, peel of citrus fruits, melons, cotton, wood and articles of wood.

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10. Belgium:

Belgium, a country in Western Europe with a population of about 12 million people is a trading partner with Nigeria as it imports a lot of locally sourced products. No country is absolute as it imports items such as Cocoa, Coca preparations, cashew nut, Sesame seed cereals and grains.

Last year alone, sesame seed (Oil seed) export to Belgium amount to over N1 billion Naira or 622 000 metric ton. I will encourage Belgium and other European countries to expand their business interest in Nigeria especially the varied agricultural products sourced locally.


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it is no longer news that Nigeria has an abundant residue of natural resources that are begging for value addition for them to become wealthy. One such is agricultural produce harvested from states across the federation, estimated to be worth about $250b in revenue yearly.

11. China:

China, officially the People's Republic of China, is a country in East Asia. It is the world's most populous country with a population exceeding 1.4 billion people. There a real business in China and a major Nigeria trade partner. China buys some of our locally sourced products as Cocoa, Cocoa powder mostly in raw form. Another agricultural products China imports from Nigeria is Sesame seed.

China remains the biggest importer of sesame seeds from Nigeria. According to ITC's – Trade Map, which provides statistics for international business development, China imported sesame oil valued at $9,499,000 in 2018, $7,136,000 in 2019; $11,878,000 in 2020 and $1,374,000 in 2021 and over $1,000,000 already done in 2022.


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12. France:

Today France is one of the most modern countries in the world and is a leader among European nations. It’s the second most populous country in Europe after Germany with over 68 million people. It’s a trade partner of Nigeria. France ties with Nigeria is peculiar.

Beyond being an export trading partner, there seems to be a synchrony between the present French government and the Nigerian government on diversifying economic growth in Nigeria by focusing more on revenue generation through non-oil sectors as Agriculture. Frances buys Nigeria Agricultural Commodities such as Cashew nut, Sesame seed, Soya beans, frozen shrimp and prawn and Crude palm kernel oil.


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13. Vietnam:

This is a country in South Eastern Asia with a population of over 120 million people making it the 13th most populous country in the world. Vietnam holds economic value as a huge buyer of Nigeria agricultural locally sourced products as Cashew nut, Cashew nut kernel.

While Vietnam is currently the largest export destination for Nigerian cashew kernels with average yearly exports of $3.4 million, the Asia country is at the same time Nigeria’s largest competitor on a global scale. Beside Cashew nut, other Agricultural Commodities Nigeria export to Vietnam include Cocoa and Cocoa Beans preparations, Oil seed as sesame seed and grains.

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“There is a need to encourage local investors. We are a large country of consumers. We need to increase local production. We need to make domestic investment a priority.”

14. Brazil:

Brazil, officially the Federative Republic of Brazil, is the largest country in both South America and Latin America. At 8.5 million square kilometers and with over 218 million people, Brazil is the world's fifth-largest country by area and the seventh most populous.

It’s one of the major Export destination of Nigeria locally sourced products. Hence, there is demand for our Agro products in Brazil such as Coconut, fresh and she’ll cashew nut, Cocoa and Cocoa preparations etc. Nigeria Exports of cocoa and cocoa preparations to Brazil was US$418.760 during 2021, according to the United Nations COMTRADE database on international trade.

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15. Estonia:

Estonia is one of the Export destination of Nigeria locally sourced products. During the last 25 years the total value of exports of Nigeria to Estonia have increased at an annualized rate of 12.5%, from $191k in 1995 to $7.64M in 2021.

Estonia is a North European country with a relative population of N1.3 Million inhabitants. It’s a destination for some of Nigeria locally sourced commodities as Coconut, Brazil Nut, Cashew nut, Cocoa Bean and Cocoa paste. For Cocoa paste alone, Nigeria has exported a total value amounting to over N1.4M in the previous year according to the United Nations COMTRADE database on international trade. There is need to more effective synergy between Estonia and Nigeria to boost trade between countries.

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Conclusion

There is a real demand for Nigeria Agricultural Commodities in the various countries of the world but especially in European and Asian continents. No country is absolute. The commodity Export market is a vast industry that has existed throughout history, as nations have always had a constant need to exchange goods and services in order to keep their economies growing.

Commodities as locally sourced agricultural products from Nigeria are always in high demand. They’re traded all around the world with businesses in two countries acting as the key catalyst for the trades, while their governments provide the infrastructure needed to make it happen. Tapping on it’s huge value chain for Export will offer economic benefit for individuals and Entrepreneurs desirous of extant financial freedom.

We have quality sheabutter available for sale. Call for orders.

Reach us for your quality Sheanut and Sheabutter. We have abundant Sheanut and Sheabutter at competitive price in kwara.

We have good and quality shea butter. It is available even in commercial quantity. It is N1500 per kilo or kg. If you need I metric ton, do the maths. There is market and I mean real market.There is high demand for sheabutter in Nigeria and now more than ever, the demand is going uptrend going by the profound results and benefits to users. To some, it has been a life saver and to others, it is an expanding opportunity. Anyone, I mean anyone can tap from this commodity business value chains.
Give us a call........

50 Profitable Agricultural Business Idea in Nigeria to invest your money

There are many viable industries in Nigeria but one idea one will hardly go wrong is Agriculture. In Nigeria and in many part of the world, it is the leading industry that not just produces food for the populace but generates income for the people.
You don't need a lot of money or farmland to get started in agriculture. If you only have a small plot of land in your backyard, you can grow crops in small or vertical containers to maximize space.

For us as a nation, bound together by huge expanse of arable land, our government has intensified interest in agriculture and is now encouraging able men and women to return to farming. It's a crystal clear direction to where we are headed.
Nigeria is well-known for being endowed with a plethora of agricultural products, and these commodities hold the holy wand to revamp our ailing economy.

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The importance of this industry cannot be over emphasized. We need healthy food on our table all the time and Agriculture is the pathway. There is report by the "Thrive Institute" that states that about 2 billion people are not getting quality life giving nutrients to fight diseases and reach their full potential.
It believes that the world most serious problem is hidden hunger which arise as a result of lack of vitamins, minerals and micro nutrients only whole food can provide. It further states the hidden hunger is the cause of our social problems; kids missing school, more orphans and adult missing work due to illness etc and all the world need is nutrient disease fighting food.

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