Every year, Nigerians are seeking fast selling goods to import from China, India, Dubai, Turkey, U.S, and U.K to Nigeria. From experience, we’ve discovered top 19 products that are being imported into Nigeria daily. If this is your first time or you’re just wondering what you can import, then this article is for you.
Let’s take a look at some of the popular products you can import from abroad and sell in Nigeria.
Industrial machines like Rice processing mills, Palm oil processing mills, Sugar processing mills, Agro- processing machinates etc.
Electronics (Used and New), Fridges and Air conditioners. Most dealer, Importers and traders do bring these items as fully built. The essence of bringing them as CKD (Complete Knocked Down) is to create local job for our citizens and as such attract lower duty rate while fully built attract higher duty rate.
Auto parts and engines,(Used and New)
Furniture (Complete knocked down i.e. in pieces) Imported fully built furniture is contraband it is liable to seizure.
Electrical Equipment
Heavy duty machines
Musical equipment
Oil drilling rigs
Tele communication equipment
Power generation equipment
Mining equipment
Hospitals/Medical equipment (Hospital equipment are duty free, while medical equipment such as, syringes, hand cloves, cotton wool, surgical blades etc. attract 5% duty.
Raw materials of all kinds
Chemical of all kinds
Building materials such as: Tiles, Roofing sheets, Sanitary wares etc.
Air craft parts and engines.
Text books, Literature and other religious materials such as bible, magazines, tracts etc.
Generators of all sizes.
Drugs and herbal medicines(Approved route is strictly by air freight)
EXPORTATION ON THE OTHER HAND
Anyone who told you that Nigeria lacks valuable minerals and agricultural resources probably knows nothing about the country. Nigeria is richly endowed with a wide range of resources. These include petroleum, which is the country’s major money-spinner, agricultural produce, solid minerals, charcoal, and lots more.
Starting an export business in Nigeria is one of the most lucrative business decisions you can make. The reason is because most export commodities are worth much more in the international market than they do in the local market. The business offers unlimited opportunities and ultimately unlimited profits.
Though you can make money selling any of these resources and commodities to the local market, you can make much more by selling to foreign countries where the commodities are of greater value. This explains why the export industry is one of the most lucrative business sectors in the country. If you are based in Nigeria and are looking to start a profitable business in the country, starting an export business is one of the best business decisions you can make.
It is impossible to cover everything about the export business in Nigeria within a single short post. However, this write up explains the steps involved in starting the business. Read on to understand the guidelines for starting a profitable and successful export business in Nigeria.
HERE ARE SOME THINGS YOU MIGHT NEED TO KNOW IF YOU ARE THINKING OF GOING INTO IMPORT AND EXPORTS...
well i hope all this can be really helpful for your inquiries, and incase you may have no interest in import and export you can still study the items for two reasons , which are first of all no knowledge is a waste , maybe not today but someday, and secondly you can offer future references to probably friends or family who might want to go into this line of business, so the ball is in your court. peace.
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