Africa is rich in natural resources, and many of its raw materials are globally sought after.
Here are the top 5raw materials to import from Africa, reflecting its diverse resource base and strategic importance to global industries:
Import Textiles and Garments
Textile weaving is a centuries-old craft in Nigeria, blending traditional techniques with vibrant cultural expressions. T
This industry already generates nearly $32 billion in export revenue from Nigeria. Nigeria’s textiles can enjoy duty free passage into United States where it has the largest market in the world because of the unique designs, ethnic African designs and excellent quality.
Import Cosmetics and Soaps
Nigeria is growing in this industry but it’s still a market in its infancy. Soaps and other toiletries and laundries are already being exported but waiting for further investment. Nigerian cosmetics can be exported to other African countries where they are badly needed. Neighboring countries travel thousands of kilometers to buy in large quantities to sell in their countries for solid profits.
Import Ginger, Honey, Garlic and Nuts
As of right now, Asia iss Nigeria’s main trade partner of agricultural products exports. 2023 is expected to reach exports of $300 million. Europe is the second largest destination region of agricultural products, whose exports from Nigeria hope to top $100 million in 2023.
Ginger is one of the most traded spices in the world and Nigeria has an abundance. Starting a Trans-Sahara or Trans-Atlantic trade with these products will be profitable. Garlic is also on top of the list that are very exportable from Nigeria.
Import Palm Kernel Oil
Palm Kernel oil is the oil extracted from the pulp of the palm fruit which is different from palm oil. Palm Kernel Oil is used for the manufacturing of various cosmetics, pharmaceutical products and confectioneries. The uses of this oil is broad and the mineral contents are rich in protein.
Import Cocoa From Nigeria
This is the source of most chocolates. The fruits of Cocoa is used for the production of various skin care products, health products, and pharmaceutical products. Demand for Cocoa is very high in both America and UK and cocoa farming is abundant in Nigeria.
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