To find really profitable products to export from Nigeria, you have to actually carry out serious research.
It’s alright if you found this post through your research journey in search of profitable products to export from Nigeria to the country of your customers.
I’ll like to tell you something, the exportation business no doubt is a dollar spinning business that is capable of changing your status in months, and even weeks, depending on the kinds of products you sell. Another angle is the demand for such products in the international market as well as the consistent request for the products.
According to International Monetary Fund,
Nigeria is Africa’s largest crude oil exporting country. Oil exports account for more than 90 per cent of the country’s foreign exchange earnings and 70 per cent of government revenue.
Vanguard Newspaper, 12 Apr 2022.
You don’t have to invest in Oil Export before you can make the kind of money you desire from exportation. However, if you focus on consumable products that have high survival dependency, you are definitely bound to go through exponential financial advancement.
Having known that you want to focus on other mini exporting business that makes the most profit, the products come to mind. Let’s dive into the real deal, no gimmicks!
Before the end of this post, you will have a list of the 20 most profitable products to export from Nigeria, countries you can export products to and make huge profits as well as where to find the most customers.
Profitable Products to Export from Nigeria
Sesame Seed
Sesame seeds are small, oil-rich seeds produced by the Sesamum indicum plant in pods. This is abundant in states such as Sokoto, Jigawa, Benue, Nassarawa, and Taraba. Sesame seeds are becoming increasingly popular across the world.
In Africa, particularly in Nigeria, sesame seed is a cash crop of several kinds. It is Nigeria’s second-largest agricultural export earner, having the potential to generate billions of naira in foreign cash annually if given the proper attention.
It is one of the oldest oilseed crops, and it has the most oil of any seed. It’s a ubiquitous component in cuisines all across the world because of its rich, nutty flavor.
Ginger
Ginger is one of the most profitable products to export from Nigeria. It is a valuable farm commodity for Nigeria to sell to other nations. It is a fiery, aromatic spice derived from a plant’s rhizome that can be diced or powdered for cooking, preserved in syrup, or candied.
Nigeria is one of the major ginger producers. It is also one of the most traded spices in the world due to its medicinal and health advantages. You may begin trading this commodity by exporting it to key importers such as the United States, Japan, Pakistan, the Netherlands, India, Saudi Arabia, and Malaysia, among others.
The good news is that ginger produced in Nigeria stands out due to its pungency and high concentration of oleoresin oil, the active element that most people seek in ginger. You understand what that implies, don’t you? It indicates that ginger is a hot-selling and profitable export product too.
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Palm Kernel Oil
This edible plant oil is extracted from the kernel of the African oil palm. Cosmetics, pharmaceuticals, confectioneries, and other things are made using it.
Because of the wide range of applications for this oil, it is in high demand in other regions of the world. You may sell to China, the United States, the European Union, Brazil, and India.
Textiles and Garments
Nigeria’s textile and garments sector is a big business for exporters, especially now that the CBN (Central Bank OF Nigeria) has restricted access to foreign cash for importers of textile, garments, and cloths to Nigeria in order to increase the production of locally created materials for export.
Because of the texture and quality of Nigerian-made textiles and garments, countries such as Spain, Italy, Portugal, the United States, the United Kingdom, Malaysia, and the Netherlands require them.
Gallstone
This is a clay-like solid material obtained from developed cow (ox) gallbladder. As an exporter of cow (ox) gallstones, you’re in for a big profit in your exportation business, and for the fact that it has been one of the most profitable products to export from Nigeria from the onset.
After collecting a certain amount of excellent quality gallstones, say 100kg, you can now package them and ship them to purchasers in other countries who pay in hard money when they receive them.
Your cow gallstone must be known for its high-quality, natural processing, and the renderings must always be sourced from disease-free protein-fed calves.
They can be sold to pharmaceutical industry leaders all over the world, especially in countries like Hong Kong, China, Germany, Bahrain, Canada, and Israel among others.
Cocoa Butter
Cocoa Butter, yet another profitable product to export from Nigeria, is one of the best-selling export products around.
It is the world’s 440th most traded product and Nigeria is a major exporter of this wonderful product. It is also known as Theobroma oil, cocoa butter is a light yellow edible vegetable fat produced from cocoa beans.
It’s utilized in the production of chocolate, ointments, toiletries, and medications.
Cocoa butter has very important health benefits. It prevents ageing, keeps skin moisturized, treats mouth sores, helps improve heart health as well as increases immunity.
These are just a few of the many reasons why it is lucrative for international export. The demand is high in countries like the USA, UK, Germany, Netherland, Belgium, and France.
Garlic
Garlic is a strong-smelling pungent tasting bulb used for flavoring in cooking and herbal medicine, as well as orthodox medicine. With internationally certified good quantities of garlic, you are sure of foreign hard currencies.
Yam Tubers
Exporting Yam from Nigeria is a good business to embark on. There is the availability of yam in states like Benue, Ekiti, Edo, Ebony, Imo, Niger, Sokoto, Osun, Oyo, etc. Once you are able to adhere to quality and regulations guarding the exportation of yam tubers to foreign countries, then you start making your hard currencies.
CHARCOAL: Tens of thousands of metric tons of charcoal are exported yearly from Nigeria and the revenues are generated to make the sector lucrative. A large market exists in the EU, USA, and Asia with PRICES going up to $1,000 per ton depending on the mode of packaging.
COTTON: Cotton is the most natural source of fiber and it is in demand internationally. Already Nigeria is missing out among the selected 15 African countries on the share of cotton in product export by the world cotton market on Cottonguide.org where Burkina Faso and Benin are ranked numbers 1 and 2. Cotton is in high demand in countries like China, Bangladesh, Vietnam, Turkey, Indonesia, Hong Kong.
CASSAVA FLOUR: Cassava flour is a food for all in Nigeria because of the various method in which it can be prepared. The demand for well-processed cassava flour is increasing in Europe, Middle East, and America.
CASHEW NUTS: Nigeria is one of the largest producers of raw cashew nuts in shells worldwide with a yearly export volume of at least $167million dollars and untapped yearly potentials of over $115.8 million dollars. You can export to India, Vietnam, Netherland, Germany, UK, Belgium, etc.
HONEY: The exportation of honey is a lucrative Agribusiness around the world. This is so because honey has a lot of economic and health values. A liter of honey can fetch you good dollars in the foreign market. Major importers of honey; USA, Germany, Japan, UK, France, China, Italy, Belgium, etc.
SHRIMPS: Shrimp is a small free-swimming crustacean with an elongated body, typically marine and frequently of commercial importance as food. Interestingly shrimps are one of the largest Agricultural exports of Nigeria. The demand for shrimps is high in countries like France, the USA, UK, China, Spain, Belgium, Portugal, etc.
SNAIL: Good quantity of snail production could fetch you a whole lot of foreign exchange. There is a ready market for your product and snails are in high demand in European countries and America. Snail is easy to rear and it does not require much to feed it.
CHILI PEPPER: Starting a chili pepper Agro export business is one of the most profitable businesses to do. Nigeria is blessed with good weather which supports the proper growth and production of the internationally accepted pepper. Germany, UK, USA, Canada, France… these are countries you can export chili pepper.
FRUIT JUICE: Fruit juice has a great potential for export especially on the west coast where indeed a lot of export is taking place. Nigeria has so many naturally grown fruit all over the country which provide the best of fruit juice products of great quality.
POULTRY: Poultry here involves all domestic birds, eggs,s or meat. Nigeria poultry farm products are still needed in both Africa and Western countries because our weather conditions for poultry farming are the best, also high population growth is leading to increasing in demand for poultry products around the world. Poultry product export from Nigeria is an avenue that is still yet or highly untapped.
COSMETICS AND SOAP: The growth recorded in this very important part of our economy is awesome. There are still challenges like the lack of using good technology in the production of cosmetics or the procurement of good technological equipment to produce cosmetics in great quantity to compete favorably with cosmetics made in other developed countries. Cosmetics and soap produced in Nigeria can be exported to African countries where they are needed.
WIGS AND HAIR ATTACHMENTS: Nigeria’s beauty industry has experienced impressive growth in recent years, and it is largely buoyed by patronage from the emerging young population which places a premium on ‘packaging’ (looking good).
The abundance of both locally and foreign wigs and hair attachments in our markets, the profit involved in it, and the demand for these products from neighboring countries have prompted some people to start exporting them to these countries and beyond. It will interest you to know that Nigerians are exporting to other African countries, Malaysia, and China, etc.
