6 Products You Can Export To China From Nigeria And Make Tons Of Cash
Trade relations between China and Nigeria is at its finest.
From consumer electronics to furniture to anything you can think of, Chinese goods have taken over the shelves in Nigerian stores.
Nigeria’s import dependency on China is so severe that a google search for items to export to China will instead show you an array of items you could easily import.
As a matter of fact, China accounts for close to 50% of all imports into Nigeria.
But what does Nigeria export to China?
China is one of Nigeria’s largest importers of crude oil.
As at 2016, Chinese import of Nigerian crude and other petroleum products was valued at about $400 million, according to United Nations International Trade Statistics Database.
But besides oil, export to China is in no way comparable to import.
This resulted to Nigeria's trade deficit with China, according to the National Bureau of Statistics, NBS at $16.9 billion between 2013 and 2016.
But lack of commensurate export to China owes its roots to heavy focus on oil by Nigeria and lack of awareness to export opportunities.
Indeed, there are tons of goods entrepreneurs could export to China to reduce the trade deficits.
Here are at 6 items:
As you already know, with more than a billion mouths to feed, China cannot meet all its protein needs.
Fish in all its forms is in high demand in China.
Fortunately, Nigerians have been taking advantage of the opportunity to export fish to China.
These include: crabs, frozen fish, dried and salted fish, smoked fish, crayfish etc.
And according to United Nations COMTRADE database on international trade, Nigeria’s exports to China of fish was $2.55 million during 2016.
2. Raw Groundnuts:
It is true that the days of groundnut pyramids are gone but Nigeria still produces groundnut in abundance and China wants a huge chunk of it.
Nigeria Exports to China of nut related produce including oil seed, oleagic fruits, grain, seed, fruits was $14.24 million during 2016, with raw groundnut averaging about 61.2 million naira.
Over 800 million people world-wide depend on cassava as a regular source of energy.
Pin West Africa alone, per capital consumption is estimated at more than 120kg per annum.
But cassava is also in high demand in China as it imports huge quantities annually which is used mainly for starch and livestock feed.
4. Iron ore:
The primary use of iron ore is in the production of iron.
Most of the iron produced is then used to make steel. Steel is then used to make automobiles, locomotives, ships, beams used in buildings, furniture, paper clips, tools, reinforcing rods for concrete, bicycles, and thousands of other items.
Fortunately, there are over 3 billion tons of iron ore found in Kogi, Enugu, Niger, Zamfara, and Kaduna States in Nigeria.
And the good news? China needs abundance of iron ore to feeds its industries.
As at 2016, Nigeria’s export to China of Ores slag and ash was $9.71 million, about 3.6 billion naira.
Wood export is a lucrative business.
China's demand for Nigerian wood include: wood charcoal, wood sawn or chipped lengthwise, sliced or peeled, plywood, veneered panels and similar laminated wood, sawdust, wood waste and scrap etc.
Nigerian exports to China of wood charcoal and other related wood items was $8.57 million, about 2.8 billion naira in 2016.
Charcoal export specifically accounted for about 50 million naira of the total wood export.
A practical and common use of lead is for making car batteries and bullets for guns. In Nigeria, lead is produced in commercial quantity in Akwa Ibom, Imo, Anambra, Bayelsa, Benue, Enugu, Niger, Ebonyi, FCT, Plateau, Cross River, Taraba, and Zamfara states in Nigeria.
China has a ready-market for lead.
In 2016, Nigeria exported lead worth 1.8 billion naira to China.
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