Trade Nigeria - A Platform To Be

Launched recently to offer the Nigerian Business community a platform to promote themselves globally tradenigeria.org ---
has created a niche as Nigeria's largest B2B marketplace (Business to Business), offering comprehensive business solutions to the Domestic and Global Business Community through its wide array of online services, directory services and facilitation of trade promotional events.

Our portal is an ideal forum for buyers and sellers across the globe to interact and conduct business smoothly and effectively.

With an unmatched expertize in data acquisition and online promotion, Tradenigeria subsumes a huge number of company profiles and product catalogs under 3.000 different product categories and sub-categories.
It is well promoted on all major search engines and receives an average of 40 million hits per month.

Trader Nigeria maintains global business matching service, offline and online exhibition and promoted businesses globally for local businesses. Trade Nigeria boasts of intentionally registered users, and the platform is growing on a titanic scale with a considerable amount of new users joining/registering every day, under the innovative vision and guidance of our innovative team.

Trade Nigeria - A Platform to be
Launched recently to offer the Nigerian Business community a platform to promote themselves globally tradenigeria.org ---
has created a niche as Nigeria's largest B2B marketplace (Business to Business), offering comprehensive business solutions to the Domestic and Global Business Community through its wide array of online services, directory services and facilitation of trade promotional events.

Our portal is an ideal forum for buyers and sellers across the globe to interact and conduct business smoothly and effectively.

With an unmatched expertize in data acquisition and online promotion, Tradenigeria subsumes a huge number of company profiles and product catalogs under 3.000 different product categories and sub-categories.
It is well promoted on all major search engines and receives an average of 40 million hits per month.

Trader Nigeria maintains global business matching service, offline and online exhibition and promoted businesses globally for local businesses. Trade Nigeria boasts of intentionally registered users, and the platform is growing on a titanic scale with a considerable amount of new users joining/registering every day, under the innovative vision and guidance of our innovative team.

The Difference Between Trade and Commerce
Business Activities are grouped into two broad categories, i.e. industry and commerce......
Commerce is concerned with facilitating the exchange of goods and services in the economy. It is sub-classified as trade and auxiliaries to trade. Many think that trade and commerce are the same terms and can be used interchangeably. But the fact is both the terms are different from each other and carry different meanings. Trade simply means buying and selling of goods and services in return for money or money’s worth.


The scope of commerce is wider than that of trade, which not only refers to the exchange of goods and services but also includes all those activities that are vital for the completion of that exchange. To further comprehend the understanding of these two terms the basic comparison is given below:

Content: Trade Vs Commerce

Comparison Chart
Definition
Key Differences
Conclusion

Comparison Chart

Basis for Comparison Trade Commerce
Meaning Trade means the exchange of goods and services between two or more parties in consideration of money or money’s worth. Commerce means exchange of goods and services between the parties along with the activities such as insurance, transportation, warehousing, advertising etc that completes that exchange.
Scope Narrow Wide
Type of Activity Social Activity Economic Activity
Frequency of Transactions Isolated Regular
Employment opportunities No Yes
Link Between buyer and seller Between producer and consumer
Demand and supply side Represents both Represents only the demand side
Capital requirement More Less

Why Do Countries Involved In International Trade?

Why do countries trade? Countries trade with each other when, on their own, they do not have the resources, or capacity to satisfy their own needs and wants....
By developing and exploiting their domestic scarce resources, countries can produce a surplus, and trade this for the resources they need.

Why do countries involved in international trade?

Why do countries trade? Countries trade with each other when, on their own, theydo not have the resources, or capacity to satisfy their own needs and wants. By developing and exploiting their domestic scarce resources, countries can produce a surplus, and trade this for the resources they need.

Trade Nigeria focuses on International Joint Trade Missions, Trade Weeks and Trade Expos. A GLOBE CHAMBER OF COMMERCE AND INDUSTRY production in partnership with TRANSNATIONAL TRADE AND COMMERCE CENTRE.....

Experience total market immersion for your product and brand. Travel and explore a market. There’s no better way to understand the various industry landscape, assess the competition and learn about the promotion of your products if you are not part of Trade Nigeria.

Trade Nigeria is a global showcase for all industry stakeholders and its reputation alone attracts a vast international audience. It provides the most diverse range of exhibitors from core sectors of the trade industry: Business, Investment, Economic Exchange, Manufacturing Technology, Trade and Commerce.

With over 1500 exhibitors from all over the world, it's a very effective and efficient way to meet with potential customers and suppliers.
Trade Nigeria is one of the biggest and best opportunities for the global trade community to come together. To support eligible small businesses in the trade industry, the Trade Nigeria platform will provide exhibit opportunities under a Pavilion to various trade and investment companies.

Each participating company will receive exhibition assistance, and travel assistance in the form of post-activity reimbursement.

Overall, it is difficult to set precedents for trade agreements as by their very nature they are dictated by ever changing and fluid circumstance, negotiating positions and interests.

Trade Nigeria stands in the missing gap to ensure networking and business take place successfully both locally and globally.

tradenigeria.org
Website
http://tradenigeria.org

Nigeria-Asia Joint Trade Mission And Business Delegation give ample networking opportunities with public and private sector representatives already active in the region. Trade Missions to; Singapore, Malaysia, Vietnam, Thailand, Taiwan, Japan, Korea, China, and Hong Kong

We are pleased to inform you about the Trade & Investment Mission to Singapore, Malaysia, Vietnam, Thailand, Taiwan, Japan, Korea, China, and Hong Kong. This mission is a joint trade mission initiative and results from our collaboration with our partner from the Business Council for Asia, The Governors of Nigeria and Trade Nigeria Organization.


The Trade Nigeria Organization trade center will organize and lead this joint Trade & Investment Mission to these countries later in the year. The focus will primarily be on investment in both countries and the main aim is to inform participants about the business opportunities available and for them to establish and expand their network in the region.


Nigeria-Asia Joint Trade Mission And Business Delegation are open to all sectors; efforts will be made to tailor parts of the program according to the business interests of the participants.

The event will comprise of formal evening receptions, some lunch meetings and a very full program of briefing and other business meetings.

Nigeria-Asia Joint Trade Mission And Business Delegation offers:

1. Coordinated Business-to-Business meetings
2. Cultural Evenings
3. Briefing sessions with Heads of Delegation, other Heads of Mission, Country Investment Authorities, Ministers and Government Bodies.

Nigeria-Asia Joint Trade Mission And Business Delegation to:

Singapore
Malaysia
Vietnam
Thailand
Taiwan
Japan
Korea
China and
Hong Kong

International trade development

Import and export trade promotions

Trade exhibitions

Conferences

Summits

International business and bilateral trade exchange

Trade tourism

Trade Expos and International trade fairs

Nigeria at 60 Culture Exchange is a celebration of the country Nigeria with Nigeria Day, reaching the diaspora community will be live in London, USA, Ireland, Singapore, Canada, Hong Kong, and Australia in the year 2020. Celebrating Nigeria's heritage on her independence anniversary.

Trade Nigeria Organization Trade center, launched recently to offer the Nigerian Business community a platform to promote themselves globally tradenigeria.org has created a niche as Nigeria's largest B2B marketplace (Business to Business), offering comprehensive business solutions to the Domestic and Global Business Community through its wide array of online services, directory services and facilitation of trade promotional events.

Trade Nigeria focuses on International Joint Trade Missions, Trade Weeks and Trade Expos. A GLOBE CHAMBER OF COMMERCE AND INDUSTRY production in partnership with TRANSNATIONAL TRADE AND COMMERCE CENTRE.

Experience total market immersion for your product and brand. Travel and explore a market. There’s no better way to understand the various industry landscape, assess the competition and learn about the promotion of your products if you are not part of Trade Nigeria.


Trade Nigeria is a global showcase for all industry stakeholders and its reputation alone attracts a vast international audience. It provides the most diverse range of exhibitors from core sectors of the trade industry: Business, Investment, Economic Exchange, Manufacturing Technology, Trade, and Commerce.

With over 1500 exhibitors from all over the world, it's a very effective and efficient way to meet with potential customers and suppliers.

Trade Nigeria is one of the biggest and best opportunities for the global trade community to come together. To support eligible small businesses in the trade industry, the Trade Nigeria platform will provide exhibit opportunities under a Pavilion to various trade and investment companies.

Each participating company will receive exhibition assistance, and travel assistance in the form of post-activity reimbursement.


Overall, it is difficult to set precedents for trade agreements as by their very nature they are dictated by ever-changing and fluid circumstance, negotiating positions and interests.

Trade Nigeria stands in the missing gap to ensure networking and business take place successfully both locally and globally.

tradenigeria.org

Launched recently to offer the Nigerian Business community a platform to promote themselves globally tradenigeria.org has created a niche as Nigeria's largest B2B marketplace (Business to Business), offering comprehensive business solutions to the Domestic and Global Business Community through its wide array of online services, directory services and facilitation of trade promotional events.

Our portal is an ideal forum for buyers and sellers across the globe to interact and conduct business smoothly and effectively.

With an unmatched expertize in data acquisition and online promotion, Tradenigeria subsumes a huge number of company profiles and product catalogs under 3,000 different product categories and sub-categories.

It is well promoted on all major search engines and receives an average of 40 million hits per month.

Trade Nigeria maintains global business matching service, offline and online exhibition and promoted businesses globally for local businesses. Trade Nigeria boasts of intentionally registered users, and the platform is growing on a titanic scale with a considerable amount of new users joining/registering every day, under the innovative vision and guidance of our innovative team.

Launched recently to offer the Nigerian Business community a platform to promote themselves globally tradenigeria.org has created a niche as Nigeria's largest B2B marketplace (Business to Business), offering comprehensive business solutions to the Domestic and Global Business Community through its wide array of online services, directory services and facilitation of trade promotional events.

Our portal is an ideal forum for buyers and sellers across the globe to interact and conduct business smoothly and effectively.

With an unmatched expertize in data acquisition and online promotion, Tradenigeria subsumes a huge number of company profiles and product catalogs under 3.000 different product categories and sub-categories.

It is well promoted on all major search engines and receives an average of 40 million hits per month.

Trader Nigeria maintains global business matching service, offline and online exhibition and promoted businesses globally for local businesses. Trade Nigeria boasts of intentionally registered users, and the platform is growing on a titanic scale with a considerable amount of new users joining/registering every day, under the innovative vision and guidance of our innovative team.

Trade Nigeria is a very effective and efficient way to meet with potential customers and suppliers.This is one of the biggest and best opportunities for the global trade community to come together. To support eligible small businesses in the trade industry it will be a distinctive platform where both exhibitors and sellers alike expore business opportunities, negotiate business, exchange the latest market intelligence and establish business contacts

You have lost everything in life: your job, your family, your friends , your home, your money, you have N5000 left in your pocket but you are also determined to turn things around. What will you spend your last N5000 on to start a 180-degree turn in life?

Trade Nigeria is a global showcase for all industry stakeholders and its reputation alone attracts a vast international audience. It provides the most diverse range of exhibitors from core sectors of the trade industry: Business, Investment, Economic Exchange, Manufacturing Technology, Trade and Commerce.With over 1500 exhibitors from all over the world, it's a very effective and efficient way to meet with potential customers and suppliers.This is one of the biggest and best opportunities for the global trade community to come together...
To support eligible small businesses in the trade industry, the Trade Nigeria platform will provide exhibit opportunities under a Pavilion to various trade and investment companies. Each participating company will receive exhibition assistance, and travel assistance in the form of post-activity reimbursement.
Overall, it is difficult to set precedents for trade agreements as by their very nature they are dictated by ever changing and fluid circumstance, negotiating positions and interest.

Trade Nigeria focuses on International Joint Trade Missions, Trade Weeks and Trade Expos. A GLOBE CHAMBER OF COMMERCE AND INDUSTRY production in partnership with TRANSNATIONAL TRADE AND COMMERCE CENTRE.

Experience total market immersion for your product and brand. Travel and explore a market. There’s no better way to understand the various industry landscape, assess the competition and learn about the promotion of your products if you are not part of Trade Nigeria.


Trade Nigeria is a global showcase for all industry stakeholders and its reputation alone attracts a vast international audience. It provides the most diverse range of exhibitors from core sectors of the trade industry: Business, Investment, Economic Exchange, Manufacturing Technology, Trade and Commerce.

With over 1500 exhibitors from all over the world, it's a very effective and efficient way to meet with potential customers and suppliers.

Trade Nigeria is one of the biggest and best opportunities for the global trade community to come together. To support eligible small businesses in the trade industry, the Trade Nigeria platform will provide exhibit opportunities under a Pavilion to various trade and investment companies.

Each participating company will receive exhibition assistance, and travel assistance in the form of post-activity reimbursement.


Overall, it is difficult to set precedents for trade agreements as by their very nature they are dictated by ever changing and fluid circumstance, negotiating positions and interests.

Trade Nigeria stands in the missing gap to ensure networking and business take place successfully both locally and globally.

tradenigeria.org

You have lost everything in life: your job, your family, your friends, your home, your money. You only have N5000 left in your pocket but you are also determined to turn things around. What will you spend your last N5000 on to start a 180-degree turn in life?

Trade Nigeria focuses on International Joint Trade Missions, Trade Weeks and Trade Expos.

Experience total market immersion for your product and brand. Travel and explore a market. There’s no better way to understand the various industry landscape, assess the competition and learn about the promotion of your products if you are not part of Trade Nigeria.


Trade Nigeria is a global showcase for all industry stakeholders and its reputation alone attracts a vast international audience. It provides the most diverse range of exhibitors from core sectors of the trade industry: Business, Investment, Economic Exchange, Manufacturing Technology, Trade and Commerce.

With over 1500 exhibitors from all over the world, it's a very effective and efficient way to meet with potential customers and suppliers.

Trade Nigeria is one of the biggest and best opportunities for the global trade community to come together. To support eligible small businesses in the trade industry, the Trade Nigeria platform will provide exhibit opportunities under a Pavilion to various trade and investment companies.

Each participating company will receive exhibition assistance, and travel assistance in the form of post-activity reimbursement.


Overall, it is difficult to set precedents for trade agreements as by their very nature they are dictated by ever changing and fluid circumstance, negotiating positions and interests.

Trade Nigeria stands in the missing gap to ensure networking and business take place successfully both locally and globally.

tradenigeria.org

Trade Nigeria focuses on International Joint Trade Missions, Trade Weeks and Trade Expos.

Experience total market immersion for your product and brand. Travel and explore a market. There’s no better way to understand the various industry landscape, assess the competition and learn about the promotion of your products if you are not part of Trade Nigeria.


Trade Nigeria is a global showcase for all industry stakeholders and its reputation alone attracts a vast international audience. It provides the most diverse range of exhibitors from core sectors of the trade industry: Business, Investment, Economic Exchange, Manufacturing Technology, Trade and Commerce.

With over 1500 exhibitors from all over the world, it's a very effective and efficient way to meet with potential customers and suppliers.

Trade Nigeria is one of the biggest and best opportunities for the global trade community to come together. To support eligible small businesses in the trade industry, the Trade Nigeria platform will provide exhibit opportunities under a Pavilion to various trade and investment companies.

Each participating company will receive exhibition assistance, and travel assistance in the form of post-activity reimbursement.


Overall, it is difficult to set precedents for trade agreements as by their very nature they are dictated by ever changing and fluid circumstance, negotiating positions and interests.

Trade Nigeria stands in the missing gap to ensure networking and business take place successfully both locally and globally.

tradenigeria.org

Trade Nigeria

The prospective meeting of the Nigerian President and US president is making a lot of waves and fingers are crossed as the world eagerly awaits the outcome of this august meeting.

But what is the implication of this meeting?

International affairs experts say Mr Buhari’s U.S. visit is strategic from many angles.

First of all, Buhari is the first democratically-elected African President that would be hosted by Mr Trump since his inauguration.
This meeting will not only reaffirm Nigeria’s strategic position in Africa but will also enhance the advancement of shared priorities, such as promoting economic growth, fighting terrorism and other threats to peace and security.

Also ahead of the visit, scheduled meetings between senior Nigerian government officials and executives of major U.S. companies in the areas of agriculture, aviation and transportation have been arranged.

The presidency said the Nigerian officials would be meeting with Boeing, the largest aircraft manufacturer in the world, on the National Carrier Project.

On agriculture, the Nigerian delegation will also meet with large equipment manufacturers with focus on harvesting and post harvesting equipment.

In the area of transportation, the officials will meet with the GE-led consortium for the implementation of the interim phase of the narrow gauge rail concession.

A substantive concession agreement will be negotiated and finalized, to provide the consortium the opportunity to invest an estimated two billion dollars, to modernize the rail line from Lagos to Kano and from Port Harcourt to Maiduguri.

In addition, the concession framework and the interim phase framework agreements are expected to be signed during the visit.

This will mean Nigeria will be boosted to participate fully in global economic activities and Nigeria will become an investment magnet, given its vast natural resource and manpower.

However this can only happen if whatever knowledge is acquired is fully executed in Nigeria.

Trade Nigeria

Global demand for cashew is growing. In 2016, cashew nut demand increased by 6.1 percent. In 2021 it is expected that cashews take over 29 percent of the global nut market.
Whether the production volume growth can meet the increasing demand is uncertain. Compared to the 6.1 percent increment in demand, production volume increased only by 3 percent. Prices are expected to remain high, and the numbers are only to grow with resilient demand for cashew.

Vietnam, Nigeria, India, Ivory Coast, Philippines, and Tanzania are the top Cashew producers in the world. Nigeria covers about 20% of world in-shell cashew production second to Vietnam's 24%.

Why the sudden increase in demand?

Cashews do not only serve as nutritious snack and culinary item as they contain proteins and essential minerals, vitamins and are a good source monounsaturated fat and low amounts of polyunsaturated fats.

Cashew nuts can also be used for various health problems such as Prevention of heart diseases promotion of healthy muscles & nerves, formation of Red Blood Cells and bone & oral health.

The by-product obtained while processing cashew nut is the shell liquid which is a versatile material in terms of industrial usage. It is one of the sources of naturally available phenols. It is a raw material that is used in the preparation of drugs, insecticides, paints, plastics, resins, and anti-termite treatments for timber. Due to its medicinal properties and the presence of anacardic acids, cashew nut shell liquid has an antibiotic effect and is used in the treatment of sore tooth, leprosy, ringworm, warts, scurvy, and elephantiasis.

India, once a significant exporter of shelled cashews, has stopped exporting cashew kernels to meet the high demand in the domestic market.

Poor crop season in 2016–2017 resulted in a price spike: the price rose from $3.55–3.70 range to $5.00 to 5.10, which is a 35% rise. Raw cashews were priced even higher: the price reached USD 2400 per tonne. Although the current cashew season is forecasted to yield better amount, the demand, not only in Asia but also in North America and Europe remains resilient, and thus cashew price will likely remain high.

During the last decades, African nations have suffered from a lack of infrastructure. Raw cashews were exported at a low price; thus farmers were unable to make sufficient income from cashew compared to big processing countries like India and Vietnam. However, West Africa’s movement toward implementing cashew processors is to make significant changes in the global Cashew trade.

Follow us on twitter @Trade_Nigeria For updates of trade opportunities in Nigeria; visit our website at bitexpo.org for more

Trade Nigeria

What will you do if you got a N500,000,000 "by mistake" bank alert?

Trade Nigeria

The maiden Nigerian Annual Trade Policy Report has been published by the Nigerian Office for Trade Negotiations (NOTN).

This report is one of several steps to implement the firm determination of the Federal Government of Nigeria (FGN) to diversify the economy and, ensure that trade and companion investment and digital economy policies, function more effectively as drivers of the Nigerian economy.
Contained in this Report are trade statistics that will be used to monitor, assess and re-negotiate Nigeria’s trading relationship with counterparts. These statistics shall be updated quarterly.

The launch of this report comes at a strategic moment and shows calculable progress and identify exciting opportunities in the economy for business. The longstanding challenges in the Nigerian economy are being addressed. In Q2 of 2017, Nigeria exited 5 successive quarters of economic recession. Recovery and growth are now underway. Exit from the recession was a response to a range of systemic domestic reforms that are being implemented.

At the center of these reforms is an Enabling Environment for Business; reforms to attract and retain investors (both foreign and domestic); establishment of Special Economic Zones (SEZs) that would provide state-of-the-art economic infrastructure for improved productivity; and, structural reforms that will, inter alia, unify Nigeria’s trade and investment policies and associated negotiations.
Launch statement for the 2017 Annual Trade Policy Report: Key messages and highlights.

The Economic Management Team (EMT) of Nigeria meets regularly to ensure coherence across trade (structural), fiscal and monetary policies. Strategically, the priority of economic policy is for structural transformation to diversify and modernize the economy, accelerate growth, enhance economic welfare and increase job opportunities for Nigerians. These reforms are geared to improve efficiency, productivity and competitiveness of the Nigerian economy.

Patience is required for the positive yields from corrective reforms to serious and longstanding economic and trade policy anomalies. Despite the effects of policy lag, the good news is that economy is responding positively. From a post-recession growth rate of 1.5% in 2017, the economy is estimated to grow at 2.5% and better in 2018. Inflation is on a downward trend. In the 2017 World Bank Report on the Ease of Doing Business ranking, the economy was moved up 24 places. Nigeria was ranked amongst the Top 10 Reformers in the global economy. Positive FDI flow has improved and confidence has returned to the business community.

Trade policy and accompanying negotiations are key to sustaining the economic upturn, recovery and growth. These are areas where the FGN has taken significant steps forward. The Government has re-organized and revamped Nigerian Trade Policy. Using trade policy and negotiations, Nigeria is taking concrete steps not only to maximize its trade and economic potential, but also to correct and re-balance longstanding economic anomalies in Nigeria’s trading relationships. The goal is to update and modernize and also, to forge stronger bilateral, regional, continental and global trade relationships. A major step forward to actualize these objectives was the decision by the Federal Executive Council to establish the Nigerian Office for Trade Negotiations (NOTN) in May 2017.

In accordance with the mandate from the Government, the NOTN will lead all of Nigeria’s trade negotiations and, in coordination, with the Nigerian Investment Promotion Commission (NIPC), unify Nigeria’s trade and investment negotiating policy framework. In unifying trade and investment negotiations, the objective would be to create value chains that connect regionally and globally, bolted into Nigerian producers of goods, service providers and industry.

To this end, a key objective is growing the domestic market and also connecting it, profitably, to regional, continental and global markets. Critically, the NOTN has been mandated to establish rules-based safeguards to protect the Nigerian economy from unfair and injurious practices from trading partners. This process is underway. The greater the exposure, the greater the risks for which rules-based safeguards should be emplaced. In using trade, investment and technology as engines for growth, Nigeria shall remain committed to international cooperation, regionally, continentally and multilaterally.

As we sustain Nigeria’s leadership, multilaterally, at the WTO, the Economic Community of West African States (ECOWAS) and the African Continental Free Trade Area (AfCFTA), on the threshold of establishment, shall be at the center of Nigeria’s economic operations. The foundation of Nigeria’s welfare and prosperity are inextricably connected to ECOWAS and the AfCFTA. As stated by President Buhari, at the 30th Assembly of African Union (AU) Heads of State and Government in Addis Ababa, Ethiopia, on 28th January, this year: In a rapidly changing global economy, with much uncertainty we believe that the establishment of a Continental Free Trade Area would provide Africa with tremendous opportunity to achieve significant growth driven by intra-Africa trade.

This report is an invitation to Nigeria’s trading partners and businesses to join hands with the Government in the reconstruction, modernization and growth of the Nigerian economy. I am sure that readers of this report will find elements for engagement in the Nigerian economy. The trade statistics illuminate the opportunities for engagement, re-balancing and expansion of Nigeria’s trading relationships. Most importantly, I recommend this report to all readers and subscribers as the reference point on Nigeria trade policy.

Listed below in descending order are the fastest-growing Nigerian export products. Shown within parentheses is the percentage increase in a product category’s exports from 2011 to 2015.

1.Gems, precious metals: Up by 4,283% (US$26.5 million)
2.Meat/seafood preparations: Up by 1,035% ($227,000)
3.Knit or crochet clothing, accessories: Up by 797.9% ($431,000)
4.Other animal-origin products: Up by 609.5% ($2.1 million)
5.Vegetables: Up by 537.3% ($2.9 million)
6.Feathers, artificial flowers, hair: Up by 529.2% ($15.7 million)
7.Wood: Up by 511.5% ($400.2 million)
8.Clocks , watches including parts: Up by 454.3% ($898,000)
9.Live animals: Up by 450% ($33,000)
10.Coated textile fabric: Up by 379.4% ($302,000)
11.Vegetable plaiting materials: Up by 345.7% ($1.1 million)
12.Salt, sulphur, stone, cement: Up by 313.2% ($10.6 million)
13.Copper: Up by 228.1% ($142.1 million)
14.Aircraft, spacecraft: Up by 128.3% ($148 million)
15.Ores, slag, ash: Up by 63.3% ($139.5 million)

More on Trade Nigeria? Find out at bitexpo.org

Trade Nigeria

The following export product groups represent the highest dollar value in Nigerian global shipments during 2017. Also shown is the percentage share each export category represents in terms of overall exports from Nigeria.

At the more detailed four-digit Harmonized Tariff System code level, Nigeria’s most valuable exported product is mainly crude oil and, to a lesser extent, petroleum gases, cocoa beans, high-temperature distilled coal tar oils, refined petroleum oils then nitrogenous fertilizers.

Mineral fuels including oil: US$39.1 billion (96% of total exports)
Ships, boats: $253.5 million (0.6%)
Cocoa: $238.1 million (0.6%)
Oil seeds: $180.9 million (0.4%)
Fertilizers: $149.8 million (0.4%)
Tobacco, manufactured substitutes: $102.4 million (0.3%)
Plastics, plastic articles: $78.1 million (0.2%)
Fruits, nuts: $76.1 million (0.2%)
Raw hides, skins not furskins, leather: $67.9 million (0.2%)
Rubber, rubber articles: $55.4 million (0.1%)
Nigeria’s top 10 exports are highly concentrated accounting for 99% of the overall value of the country’s global shipments.

Among the top 10 Nigerian exports above, the fertilizers category showed the greatest increase from 2016 to 2017 via a 140.9% uptick.

Exported fruits and nuts gained 133.6%. Plastics and articles made from plastics exported from Nigeria appreciated by 100.8% followed by Nigeria’s exported oil seeds up by 48.7%.

Three export categories didn’t fare as well. Nigeria’s sales of exported tobacco and manufactured substitutes fell by -13% year over year. Cocoa exports declined in value by -21.4% while Nigerian shipments of ships and boats slid by -86.3% from 2016 to 2017.

More about Trade Nigeria? Find out at bitexpo.org.

Trade Nigeria
Brent’s six-day rising streak is the longest such string of gains since December, with prices up more than 20 percent from 2018-lows plumbed in February.

Markets have been lifted by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) which were introduced in 2017 with the aim of propping up the market.

This is partly as a result of sanctions against Iran which is pushing prices higher.

The United States has until May 12 to decide whether it will leave the Iran nuclear deal and re-impose sanctions against OPEC’s third-largest producer, which would further tighten global supplies.

Crude prices are now sitting at the highest levels in three years, reflecting ongoing concerns around geopolitical tensions in the Middle East, which is the source of nearly half of the world’s oil supply.

OPEC’s supply curtailments and the threat of new sanctions are occurring just as demand in Asia, the world’s biggest oil consuming region, has risen to a record as new and expanded refineries start up from China to Vietnam.

This would have meant good news for Nigeria except the country is still importing oil, in fact as at 2 March 2018 NNPc recorded Nigeria as the highest importerof petrol and is the only member of the Organization of Petroleum Exporting Countries (OPEC) importing refined petroleum products.

Nigeria lacks the the setup to benefit from this great opportunity which would have boosted the economy.

Also one of the few factors that has limited oil prices from surging even more is U.S. production, which has shot up by more than a quarter since mid-2016 to over 10.54 million barrels per day (bpd), taking it past Saudi Arabia’s output of around 10 million bpd.

As a result of its rising output, U.S. crude is increasingly appearing on global markets, from Europe to Asia, undermining OPEC’s efforts to tighten the market.

Trade Nigeria

Trade Nigeria is an innovative, Trade, business and economic platform with the noble aim of enabling world business leaders to access opportunities into new lucrative markets of Nigeria, Africa and the world at large; it is focused on enhancing joint trade, investment and economic opportunities among nations involved while also augmenting stronger international bilateral relationships among these nations.

Trade Nigeria aspires to help facilitate connections among key stakeholders, networking with peers and access to potential Business Partners, Investors and great opportunities thereby engineering a conducive atmosphere for the pursuit of commerce, industry and all other forms of economic activities which will consequently boost the growth and development of Public/Private Enterprise.

The vast global business opportunities and diverse markets necessitates the role of a common mediator to act as bridge between manufacturers and consumers; buyers and sellers and importers and exporters across the globe especially as relating to Nigeria and the rest of the world, and this is the role Trade Nigeria intends to fill efficiently.

Find out more at bitexpo.org; follow us on our twitter handle @Trade_Nigeria and like our Facebook page for updates.

Amirullaha:
The apprentice parents should sue the boss...

What if he has no parents?

Trade Nigeria
World Top 10 Exporting Countries

Understanding and mastering the inner workings involved in world exports is not only important to individual business men but also to nations as the influence economic power which usually reflects in exports can not be understated on the global scene.Here are the world's top exporting countries in ascending order.

10. United Kingdom
The United Kingdom has one of the largest economies in the world today. It is the 5th largest economy in the world and second largest in Europe just below Germany. In 2016 the British economy has growing at a faster rate than the G7 registering a 0.6% growth despite the Brexit vote.

According to Office for National Statistics (ONS) the country total exports is 56% and some of the products and services exported are machinery and transport equipment which takes 38%, chemical products which take 18%, manufactured articles which take 14%, manufactured products take 8%, mineral fuels, lubricants and related products materials take 9%. The other 44% of the total exports has been taken over by services and UK normally exports scientific, professional and technical activities and information and communication services. The main export trading partners are united states 16%, Germany 10%, France 6%, Netherlands 6%, Ireland 6%, china 5% and Switzerland 7%.

9. Russia
Although Russia recently has been experiencing a continued deceleration of economic growth which has been attributed by low price of oil, economic sanctions by the United States and the European Union for annexing Crimea, reaming the military, and other factors still it remains one of the largest economies in the world. The country is normally dependent on export of commodities such as crude petroleum, petroleum gas, refined petroleum which totals nearly half of its budget.

Some of the Russia main exports are machinery and equipment’s (planes, helicopters, military hardware and weapons) which take 7%, crude oil 26%, natural gas 12%, metals 10%, chemical products 7%, foodstuff and agricultural products (including wood and wood products) 5% and Packaged Medicaments. The major export partners of Russia are China with 12%, Germany 9%, Netherlands 8%, Italy 6%, Belarus 5%, Poland 5%, Turkey 5%, and Japan 4%.

8. Italy
One of the biggest economies on earth and mostly that relies on services is Italy. The services sector of Italy nearly accounts to 60% of the total GDP and employs 60% of Italy employed group.in the Eurozone Italy is the third largest economy and in global level it’s the 12th largest by GDP (ppp). Italy it’s the eight largest exporter of goods and services globally.

Most of the exports are mainly Machines, engines, pumps 20% of total exports, ,Vehicles 8%, Electronic equipment 5%, Pharmaceuticals 4%, Plastics 4%, Iron or steel products 3%, Oil 3%, Furniture, lighting, signs 2%, Clothing 2%, Gems, precious metals 2.5%.the main Italy trading partners are Germany 12%, France 11%, United States 6%, Switzerland 5%, United Kingdom 5%, and Spain 5%.

7. Netherlands
Netherlands is the 18th largest economy globally and the most amazing thing is its per capita income which is very high making the country feature in the top 15 richest countries in the world. Although the Dutch economy has been affected greatly by the global financial crisis and the ensuing European debt crisis the Dutch have always proven to be resilient. Netherlands has an open economy which depends heavily on foreign trade hence exports are very crucial in its GDP.

Some of the Netherlands major exports packaged medicaments taking 5% of the total exports, organic chemicals taking 4%, oil 13, electronic equipment 13%, vehicles 3%, petroleum gas, machines engines and pumps, iron and steel 2%, plastics 4%, among others. Some of the top destinations for Netherlands exports are countries such as Germany, Belgium-Luxembourg, United Kingdom, Italy, France, United States, china, japan and Russia.



6. South Korea
South Korea used to be a poor country but it amazed the world when it rose from a poor nation to one of the G-20 in what many refer to as Miracle on the Han River. Today South Korea is the 11th largest economy in the world and in Asian continent it’s the 4th largest. 50% of South Korea GDP is due to the export of goods and services which clearly tells you this country economy relies on exports.

Some of its major exports are machinery and equipment which takes 59 % of the total exports (road vehicles, electrical parts and appliances, apparatus, electric machinery, integrated circuits, telecommunications: others are refined petrol, plastics, petroleum products, organic chemicals, ships and boats, among others. Some of Koreas top export destination countries are china, United States, Hong Kong, japan, India, Taiwan, Vietnam, Singapore and others.

5. France
France holds position five as the largest economy globally and third largest in Europe which its GDP is driven by services. Among the leading industries that drive the economy sector of France are aerospace and defense, ship building, telecommunications, pharmaceuticals,, chemical, automobile, textile, and construction and civil engineering. Some of the major france exports are Aircrafts account to 13% of the total exports, food 10%, chemicals 9% clothing electrical equipment 4%, metal products 7%, industrial and agricultural machinery 8%,packaged medicament, refined petroleum ,beverages 3%, perfumes and cosmetics 3% among others. Some of the major exporting destinations are Germany, UK, Spain, US, China, and Netherlands.

4. Japan
Japan economy is the fourth largest by purchasing power parity (PPT) and today japan has taken the second position in being the largest developed economy in the planet. Japan if you didn't know has the largest electronic goods industry and also in addition is the world’s third largest manufacturer of automobiles. Japan main exports are vehicles which account 22% of total exports, machinery and electric machinery 37%, chemicals 10%, ships and boats 2%. The main trading partners of japan are the United States which japan exports 20% of its total exports, china 18%, Thailand 4%, South Korea 7%, Taiwan 6% Hong Kong 5% among others.

3. United States
The country has the largest economy on earth and is the third world’s biggest exporter. United States is the world’s wealthiest nation, most powerful since it has abundance of natural resources well developed infrastructure and the productivity is high. Its exports amazingly only account 13% of the GDP. Some of its main exports are capital goods which hold 39% of its total exports, industrial supplies hold 28%, and consumer goods holds 12%, automotive vehicles and parts 10%, food and beverages 7%, packaged medicaments. Its main trading partners are Canada 19%, Mexico 14%, China 7%, Japan 4%, Germany 3% and the United Kingdom 3%.

2. Germany
Europe’s biggest economy and a country that has been enjoying steady economic growth for the last 7 years with no signs of slowing down. Germany usually its exports surpass its imports by far margin and is said to be the biggest capital exporter worldwide. Some of its main exports are vehicles 18%, machinery and equipment 17%, electrical products 10%, packaged medicaments 6%, aircrafts 4%, among others. Top destinations of Germany exports are countries such as the United States, France, United Kingdom, and china, Netherlands Italy, Belgium, Austria and Switzerland.

1. China
World’s 2nd largest economy by GDP, and the world’s largest economy by purchasing power parity.it is the also the world’s leader in the exports of goods and services. It also holds the position of fastest growing economy and 2nd worldwide largest importer of goods. China exports mainly include mechanical and electrical products that hold 40% of the total exports, motors and generators 5%, integrated circuits 5%, tech products 20%, data processing equipment, and labor intensive industry products 16 %. Its major trading partners are United States 18%, Hong Kong 15%, Germany 3%, the UK 3 %and the Netherlands 3%.

For a country to be powerful it has to export more than it imports. World’s most poorest countries there weakness is as a result of importing more than they export no wonder the above countries are the most powerful nations on earth.
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Trade Nigeria...Your first step to linking with global markets.

Trade Nigeria

Trade Nigeria is an innovative, Trade, business and economic platform with the noble aim of enabling world business leaders to access opportunities into new lucrative markets of Nigeria, Africa and the world at large; it is focused on enhancing joint trade, investment and economic opportunities among nations involved while also augmenting stronger international bilateral relationships among these nations.

Trade Nigeria aspires to help facilitate connections among key stakeholders, networking with peers and access to potential Business Partners, Investors and great opportunities thereby engineering a conducive atmosphere for the pursuit of commerce, industry and all other forms of economic activities which will consequently boost the growth and development of Public/Private Enterprise.

The vast global business opportunities and diverse markets necessitates the role of a common mediator to act as bridge between manufacturers and consumers; buyers and sellers and importers and exporters across the globe especially as relating to Nigeria and the rest of the world, and this is the role Trade Nigeria intends to fill efficiently.

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