Export Documents and Procedures

To export from Nigeria you should follow the appropriate export procedure. This is a formal process in conducting international trade in Nigeria. Certain export documents are attached to this procedure. Export documentation is necessary to facilitate exports of goods and services.

The demand for Shea, Avocado and Aloe vera made products has been on the steady rise in the local and International market.

Exporting is lucrative because sometimes local prices are way lower than the export prices are. For example, If you want to start a direct export business in Nigeria, then you need to know very well, what kinds of goods are exported from Nigeria. With direct export business, product selection is very important.

Benefits of Acquiring An Export Certificate

Besides the fact that you need an exporters certificate for exports, registering at NEPC gives you a lot of additional advantages:

You have the availability to trade promotion support services from NEPC
You are able to request NEPC administered (pre- and post-)export incentives
You can register for numerous trainings, clinics, seminars, and more
You can collaborate and exchange ideas through a network of exporters.

With global food demand booming, Nigeria is ideally placed to become a premium food supplier and a long-term partner of choice in food security. To help its agribusiness and food sector scale-up and make the most of growth opportunities, Nigeria is keen to attract investment in innovation, agriculture production incorporating food and fibre products, and advanced food processing.

Our Export Training Program is available. You can subscribe to the training to receive in depth knowledge of the Export trade.

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We have a large quantity of Sheabutter of grade A, B and C available and can produce as much as 100 tons per monthly basis.

Payment methods

There are different payment methods possible between you and your buyers. The main options are:
Documentary credit (e.g. Letter of Credit)
Open account (e.g. advanced payment, cash against document, deferred payment)
Documentary collections

It is advised to always check and discuss your options for payment with a financial adviser. This ensures you to have the right agreements on payment in your eventual export contract.

Let's guide your Agro Export venture.

Sesame Seeds as Export Products

Sesame seeds in ranked second when it comes to the sought-after cash crop in Nigeria; the first is Cocoa. As a result, Nigeria is ranked third on the list of major producer of sesame seeds across the globe. Only India and China (respectively) produce more.

Presently, Nigeria currently produces over 450,000 tonnes of Sesame Seed per year. And with the current cost/tonne in the global market, the country is raking in substantial revenue for the exportation of Sesame seeds.

Pricing methods

The most common methods for price calculation are the ‘cost plus’- and ‘top down’-method. In order to achieve best results in setting your export price, we recommend the use of both methods. This means that you calculate:

Outwards your ex-factory price to the end consumer (cost plus)
from the ideal end consumer price backwards (top down)


Both methods have their strengths and weaknesses hence, you should calculate both for optimum export pricing balance. Please note that this could be different based on export destination!

According to statistics, the most popular non-oil products, which are exported from Nigeria are cocoa, cassava, rubber, wool, cotton, palm oil, wood logs (Iroko or Mahogany) groundnut oil, cashew, garlic, and other products. Nigeria mainly exports goods to Europe and Asia.

It's a wise decision to Export because sometimes local prices are way lower than the standard export prices are. For example, If you want to start a direct export business in Nigeria, then you need to know very well, what kinds of goods are exported from Nigeria. With direct export business, product selection is very important.

Agricultural Export business is a lucrative venture to start in 2022. Here are ten agricultural products that are highly profitable and lucrative that you can start exporting, and depending on where you ship to, earn between 20% and over 100% in profit margins.


They include the following:

Cashews with their shells:

Cashew nut is a profitable agro commodity to Export. The profit margins are extremely sensitive to the origin of the buyer, the state of the cashew nuts (whether they are raw or processed), and the price that is negotiated.
As of January 2022, the price range for shipping raw cashew nuts is between $1,450 and $1,750 per metric ton, and the profit margins range between 30% and 40% depending on the price at which you purchase the raw cashew nuts from the locals for export.
If, on the other hand, you are shipping processed cashew nuts at this same time, the price is between $9,000 and $15,000 per metric tonne depending on where it is going to, and the profit margins are between 65% and 150% because it takes four metric tonnes of raw cashew nuts to produce one metric tonne of processed cashew nuts, and because you are buying from the local community, your price is at its absolute lowest point.

Cocoa Beans of an Exceptional Quality

According to the report published by the NBS, the value of cocoa beans of superior quality in the first quarter of 2022 stood at N72.59 billion, which accounted for 1.02 percent of the country's total exports.
During that period of time, this agricultural product was responsible for 36 percent of all agricultural exports and contributed 11.26 percent to the total value of agricultural products that were traded.


To be continued......

Ginger
As of the beginning of the year 2022, the price of fresh ginger on the international market in Asia ranges from approximately $1,000 to $1,300 per metric tonne, while the price of dry ginger on the international market ranges from approximately $2,500 to $2,800 per metric tonne.
Due to the price of both fresh and dry ginger, their profit margins fall somewhere between 25 and 35 percent.

Hibiscus (Zobo Leaves) that has been dried out:
If it is shipped to South America and a lot of other places around the world in January 2022, the price per metric ton is approximately $2,350, and the profit margin is over 20%. However, if it is exported to the United States, the price can range anywhere from $2,300 per metric tonne to sometimes more than $4,000 per metric tonne, with a high profit margin that can range anywhere from 60% to sometimes more than 150%.
The pricing model is ultimately determined by the location of the end buyer, as well as the end buyer's identity and the precise purpose for which they intend to use the product.

To be continued.....

Sesame Seeds:
In addition to their use in confectionary industry, sesame seeds are also a key component in the manufacturing of sesame oil. These two applications are just two of the many ways that sesame seeds can be put to good use.
The profit margins are approximately 14% when raw sesame seeds that have not been hulled are shipped. If you process the sesame seeds until they are hulled and color separated, your profit margin will increase to 18%; however, if you process the sesame oil instead, your profit margin will increase to more than 50%.
However, the profit margins could increase or slightly decrease depending on the location of the buyer as well as the price at which the commodity is purchased from the farmers.

Flower of the Black Stone:
Most people who trade it are the only ones who are aware of it, but the profit margins on the trade can range anywhere from 20% to 30% if it is procured directly from the source and then shipped to a country like India.
When exported to a country such as Saudi Arabia, profits can increase by as much as one hundred percent.
The profit margins could be extremely high depending on how you make your purchases and where you ship your products, or they could be extremely low.


To be continued......

What you say to prospects or existing clients can either improve or degrade your relationship with them. It could turn them into one of your most ardent supporters or one of your harshest critics.
Building great relationships with your clients and, ultimately, growing a successful business depends on how you treat and speak to them.

If you own a local or international business and want to avoid knowingly or unknowingly alienating your clients with your words, join us to learn the 12 things to never say to a client or prospect.

Export Documents and Procedures

To export from Nigeria you should follow the appropriate export procedure. This is a formal process in conducting international trade in Nigeria. Certain export documents are attached to this procedure. Export documentation is necessary to facilitate exports of goods and services.

Importance and advantages
Following the structured export procedure will give you a better understanding of the full export process. Hence, your company will benefit from the right and up-to-date knowledge you receive by following the right procedure. Besides, it leads to:

Minimising your export risks ensuring that exported goods conform to importing country specifications.
Meeting buyer requirements for export by providing evidence of origin and delivery.
Supporting you to formalise your export business
Supporting you in qualifying for export incentives

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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.

To be continued.....

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.

To be continued....

Hello Sir/Ma, I'd like to use this opportunity to introduce myself to you as a professional Freight Forwarder, as an Export clearing agent, i seek for a partnership in Agro commodities expor doubled with a consultant for both local and foreign buyer's of Agro commodities products. As an export agent for #Agro allied commodities based in Lagos, I'm looking forward to partnering with you if there's any form of business we can do together in this space.

Hoping to reading back from you.

Kindly check my signature for my contact details.

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.



To be continued.......

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.

To be continued.....

2. Spain

Spain is one of 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.

To be continued......

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.


To be continued......

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.


To be continued......