The major product exported from Nigeria to China is crude oil. But with the hike in the stock market and crash in oil prices, the exportation of this “black gold” becomes less attractive day by day. Aside crude oil, there are so many other products that could be exported to China from Nigeria. Statistics has shown that the most popular non-oil products are exported from Nigeria are cocoa, cassava, rubber, wool, cotton, palm oil, wood logs (Iroko or Mahogany) groundnut oil, cashew, garlic etc.
Nigerian government has recently declared interest in exporting agricultural products in the nearest future. The Nigerian government has established a regulating body known as Nigerian Export Promotion Council. Their main objective is to encourage Nigerian industrialists, businessmen, and agriculturalists to export more non-oil products. This approach would upgrade export index of the government, combat unemployment, and maintain stability in the Nigerian economy.
Textiles and African garments is very lucrative when it comes to exporting from Nigeria to China. No wonder Nigeria makes close to $32,000,000 from textile export. Therefore, if one wants to make it in the global market for textile and garments the individual should choose some unique African designs and Nigerian quality to show the world. Nigeria is the highest producer of rubber in Africa.
The cost of a meter of fine rubber is about $400 and $600 and is highly valued and profitable in the export on market. The exporter just needs to test the rubber in the Central testing laboratory before shipment. Charcoal is another product in high demand in the international market and Nigeria has a huge amount of it. A ton of charcoal costs about $1,000. Cotton is also in high demand, in fact it is the most wanted natural source of fiber in the world. Cotton exportation is very lucrative, since it is a material needed for producing clothes and textile materials.
Cassava is processed both locally and internationally and is used in our everyday dish. There are a lot of different types of food you can make using cassava. A lot of products can be processed from cassava growing its popularity in foreign market. Cosmetics and soap can also be exported from Nigeria to China. Nowadays, Nigeria uses some modern technologies to produce most of our herbal cosmetics and soaps that are off good quality. Soap and cosmetics can be exported within Africa as well. A lot of neighboring countries have no cosmetics or soap at all, so this can be a great opportunity for export. Exportation is time consuming and a lot of preparation and good planning need to be done right from the beginning to make the business a success.
Especially, if the business requires a lot of capital to kick start and also the individual should be ready to take some risks. The individual must be deeply involved in the process of shipping goods to minimize the risks and be aware of any changes that are happening in the company. Nigerian government has gone a long way to encourage Nigerians to start their export business, hoping to balance off trade situation and stabilize the Nigerian economy. So in long run, export of non-oil products will be a very profitable business.
Do you plan have any plan of exporting goods from Nigeria to China? If that’s the case, then there’s a lot consider before sending out your goods. Some of the conditions would depend on the means of exporting and quantities required.
Before thinking of exporting to China, one must learn about market’s situation, find a buyer and collect some documents needed for export. Some people who plan to join the exporting business, do not actually know how to go about it. If you are one of them, take a look at detailed information on export and some other tips how to export from Nigeria to China.
Cost of Shipping From Nigeria To China (2020)
Here’s the cost of shipping from China to Nigeria using Value Handler International (VHI)
- 1-2kg – minimum invoice $ 15
- 3-5kg – freight and clearing $7.0
- 6-45kg – freight and clearing $6.8
- 46-100kg – freight and clearing $6.4
- 101-300kg – freight and clearing $6.3
- 301-500kg – freight and clearing $5.7
- 501-1000kg – freight and clearing $5.5
- 1000 -3000 – $5.2 per kg
Exporting goods to China can be as flawless as possible. Are you interested? If so, here is a detailed step by step approach on how to export goods from Nigeria to China.
Guide On How To Export Goods From Nigeria To China
Step 1: Researching
Before exportation would take place, one must make a thorough research about the export business and the commodities to be exported. It is quite reasonable to do a proper survey before the shipping the products. Firstly, the individual must get foreign contacts to ensure that he has enough customer base. Secondly, research the market situation to know if it is fit for his kind of business. Once this is done, advertisement commences to promote of your product.
Another important thing to consider is cost includes the cost of export duties. Proper calculation of the cost helps the individual to decide if he can afford it. Another thing to consider is the shipping. Deciding on the means of transportation is very vital. There is need to research the most convenient shipping companies or cargo flights that are available in Nigeria. When this is done, legal requirements come into the picture.
The necessary document for shipment such as commercial invoice, bill of lading, dock receipt, ware house receipt etc. must be put in place. Nigerian Export Promotion Council would provide for more professional support in this area. Also, it is good to ask questions and learn from people who have been in the business.
Step 2: Registration of the export business
The business should be registered with Corporate Affairs Commissions. This enables the customer to check the Corporate Affairs Commissions site for detailed information about the company to boost their confidence since Nigeria has a reputation of fraudulent practices. Registering the export business enables the individual to obtain a Certificate of Incorporation at the Nigerian Export Promotion Council (NEPC). NEPC registration costs about N11,000. It takes only a week to get your company registered.
Step 3: Searching for foreign customers
It is important to know that the customers keep the business going. Hence the saying, “no customers, then there will be no business”.it is needful to source for customers with good visual picture of the company and the products to be exported to make it appealing to the foreign customers. The business should have a good web design and graphic design and should be promoted using google and popular social media such as Facebook and Instagram.
The website should be multi-functional website to accommodate and display all products, along with your contact information and all the necessary information that the client might need. The internet encourages quick connection to clients and such opportunities should be maximized. Also, Cooperation with other companies would link the business to new partners that would help the business to grow.