World Commodity Export Ranking: Ginger

Annual Volumes (In MT) of Top 10 GINGER Producers in The World in 2008

World Commodity Export Ranking: Gum Arabic

Average Annual Exports Volumes (In MT) of Top 10 producers of GUM ARABIC for the period 1990-1998

Export-Path: Exporting Finished Products In Bits or Bulk To The American Markets

Export Path^® is a public-private partnership (PPP) comprised of public, private and non-profit entities from more than a half dozen countries. The partnership exists to assist small businesses from the US and Canada to enter emerging markets, and to assist small businesses in emerging markets develop products for the US and Canadian markets. It supports bilateral trade with and between emerging markets.

The critical benefit of this platform is that it provides a simple and efficient means for companies to explore many markets at the same time, at minimal cost. Partners work together to assist companies looking at various markets for their goods and services. It is private sector-led. Partners include various embassies,trade development agencies, banks & financial institutions, investment promotion agencies, non-profit trade support groups, and so on. Export Path is headquartered and coordinated globally out of the Washington DC area.

Export Path^® provides very specific assistance to businesses. These include:

1. Hands-on assistance with development of products & services for new markets.

2. Hands-on assistance with new market development including access to vetted & qualified partners, buyers and suppliers.

3. Access to loans for investment and grants to support business development.

4. Hands-on assistance with new market entry including regulatory & operational support.

For more info please visit: http://www.export-path.com 

Post-Export Documentations (Exchange Control Documentations) In Nigeria

Upon shipment of the goods, the following documents (called exchange control documents) are required by CBN to be submitted to the bank;

1. NXP form duly endorsed and stamped by the Nigeria Customs Service.
2. Receipt of payment for Nigeria Export Supervision Scheme (NESS) fees i.e naira equivalent of 0.5% of the FOB value of the shipment. This can be done in designated commercial Banks  in Nigeria.
3. Single good declaration (SGD) form issued by the Nigeria Customs Service
4. Clean Certificate of Inspection (CCI) issued by Cobalt International Services Limited

Other documents include copies of :

1. Bill of lading
2. Invoice
3. Packing list

Pre-Export Documentations In Nigeria

The following documents are required by Central Bank Of Nigeria (CBN) to be submitted by the exporter to any Commercial Bank before any legal export can take place. These documents are five in number and they include:

1. Completed original NXP form (This can be obtained from any commercial Bank in Nigeria)
   
2. Copy of a valid export license (This can be obtained from the Nigeria Export Promotion Council)
3. A Valid Proforma Invoice (The invoice must be on exporter's letterhead, dated and signed)
4. Completed original copy Cobalt Request For Information (RFI) form
5. Copy of the Certificate of incorporation (This can be obtained after registration of a company with Corporate Affairs Commission)  

A Typical Value Chain Of Exportable Commodities In Nigeria

The chart above shows the typical value chain of exportable commodities in Nigeria from the farmer that cultivates the commodities to the Importer that will utilize them as raw materials for its industry abroad.

An exporter can therefore source the commodities from farmers and LBA directly at a cheaper rate. Nevertheless, the risk of transportation and the likelihood of purchasing poor quality commodities will be borne by the exporter.

However, these risks can be lessened.  To reduce the transport risk, exporters should do a good in transit (GIT) insurance with a reputable insurance company. To minimize the risk of purchasing commodities with poor qualities, the exporter should visit the commodity markets and LBAs with the samples of commodities that meet the importers’ specifications. This is to enable them compare the commodities to be purchased with the samples before payments.

The ABC Of Transporting Commodities In Nigeria

1.       Avoid booking for a road side truck, it is illegal and could be dangerous

2.       Book your truck at the transporter’s office

3.       Confirm the efficiency of the transport company and their drivers before engaging them

4.       Do a good in transit (GIT) insurance with a reputable insurance company through a good broker

5.       Endeavour to know the capacity of the trucks before loading it

6.       Find a warehouse at the destination before the truck arrival to avoid truck demurrage

7.       Get the contact numbers of the company and the truck driver for proper monitoring during the journey

8.       Hired truck drivers’ attitude could be annoying, please be patient with them

9.       Inquire from other exporters the challenges they face with transport companies so as to prepare your mind

10.   Journey to the destination could be delayed, therefore do not be unnecessary apprehensive