Miracle: Business;
Untapped Benefits of Non-Oil Export Trade
Definition of Export Trade
Export trade is a sub-division of international trade wherein goods produced in one country are transported to another country for sale or trade. Some of the biggest companies in developed countries derive a sizeable portion of their annual revenue from exports.
Benefits of Export
1. It brings about profits to the exporting country
2. It improves the standard of living in the importing countries.
3. It creates jobs for the people in an exporting country
4. it brings about price competition (in importation)
Potentials of Nigeria’s Untapped Export Market
Nigeria can be described as a reservoir of these natural and agricultural resources which many industries are willing to exploit. Therefore, many countries abroad are looking for trusted and reliable exporters from Nigeria who can export these raw materials for their industrial and domestic consumption.
List of some Exportable Products from Nigeria (NEPC Commodity Categories)
Agricultural Commodities:
Cassava, cashew nut, charcoal, cocoa beans, cotton, fish, groundnut, poultry, sesame seed, kola nuts, etc.
Processed Foods:
Ginger, garlic, Garri, locust beans, yam flour, bitter leaf, ground melon, plantain flour, ground rice, dehydrated vegetables, etc.
Horticultural Products:
Okro, mangetout (french beans), chilies (fresh/dry), mangos, pineapples, sugarcane, cut-live-flowers, etc.
Manufactures:
Textiles and garments, leather and footwear, auto and furniture components, electrical wires, tires and tubes, alcoholic and malt beverages, bottles and jars (empty), cosmetics and soaps, confectioneries, steel and structures (iron), etc.
Solid Minerals:
Coal, gold, iron ore, marble stone, Tantalite, zinc ore, tin metal ingot, wolframite, zircon, etc.
Handicrafts:
Talking drums, calabash carvings, wood carving, raffia products, metal carving, handwoven textiles, beads, pottery, painting (color and canvas)
Pharmaceuticals:
Analgesics, antibiotics, disposable injections, antipyretics, anti-malaria, anti-histamine
You can learn more about Export Business at Palmadex Export Academy (PEA) is the benchmark for qualitative export training and consultancy, empowering people with the flexible requisite knowledge to maximize diverse opportunities in international trade.
PEA cutting edge tools and resources manned by SMEs provide trainees, partners and would-be exporters, tailor-made coaching and advisory export services.
0700PALMADEX; 08066579079; 07060408899
 is the benchmark for qualitative export training and consultancy, empowering people with the flexible requisite knowledge to maximize diverse opportunities in international trade.){kind=link}