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What Do I Need Exporting My Goods From Nigeria

What Do I Need Exporting My Goods From Nigeria – This is how to export goods from Nigeria to other countries. It includes how to export foodstuff from Nigeria to USA, UK, Australia, Canada and African countries. This is good for small  and big scale export business in Nigeria. Therefore, if you need to know what you need to do exporting your goods from Nigeria to other countries, this post, What Do I Need Exporting My Goods From Nigeria, brings you the solutions. Just read on.

As a matter of fact, following  structured export procedure as presented in this post will give you better understanding of the full export process. Therefore, your company will benefit from the right and up-to-date knowledge you receive. Besides, this article will help you:

• minimise your export risks
• ensures that exported goods conform to importing country specifications,
• enable you draw timeline for your  export business start-up processes.
• meet buyer requirements for export by providing evidence of origin and delivery
• support you to formalise your export business
• support you in qualifying for export incentives

What Do I Need Exporting My Goods From Nigeria

In the first place, to export from Nigeria you should make up your mind and make ready time and fund required to follow the appropriate export procedures. This is a formal process in conducting international trade in Nigeria. Certain export documents are attached to this procedure. Export documentation is necessary to facilitate exports of goods and services. If you are ready for this but don’t know the procedure, contact us. But meanwhile, let’s go through what you should do.

Click here for your export registration requirements.

What Do I Need Exporting My Goods From Nigeria – Export  Business Planning:

Just like in your domestic business, your export business will require a comprehensive plan to help you identify the steps required for selling internationally. As a matter of fact, a business plan will help you understand the legal requirements for getting your product into a new market. The feasibility segment will enable you identify the costs associated with exporting. This plan will also put in place for you an overall strategy for this your new endeavour.

Click here to see how we will help you plan your export business with a winning business plan.

What Do I Need Exporting My Goods From Nigeria

Step-by-Step Guide to Exporting by the Department of Foreign Affairs and International Trade (DFAIT) shows basic things you could do to get ready for export business.   This include that you should:

1. Assess your company’s export readiness,
2. Build an export plan,
3. Research and select your target market,
4. Create an export marketing plan
5. Determine the best methods of delivering your product or service to your target market
6. Develop a sound financial plan
7. Understand the key legal aspects of international trade
8. Do Your Homework to Find Your Markets

What Do I Need Exporting My Goods From Nigeria

Market Research:

In export business, market research is an essential step. This is because with close to 200 countries in the world to export to, you would need to make sure that you’re targeting the right ones.

Market research will help you determine which countries hold potential for your product. Find out who your competitors re in that marketplace, and  the market trends for your product in that market.

Potential Markets Screening:

To do this, obtain export statistics. Search the Statistics Canada/USA/Australia etc. website to see where those countryies’ imports are currently coming from.

Identify potential markets of the countries you have identified.  Which country hold the most potential? Are the markets growing there? Remember to  look at the smaller secondary markets that might have fewer competitors.

Then, target the most promising ones. That is to say, of the markets you have identified, choose three to five that you feel hold the most promise, and begin further research.

What Do I Need Exporting My Goods From Nigeria

Target Markets assessment:

Watch product market trends. That means, look for information on your product as well as related products. The Department of Foreign Affairs and International Trade (DFAIT) has free market research reports for various countries in different industry sectors. You can also look for other countries’ industry associations that re related to your business.

Research on the competition. Yes, you need to know who your competitors re. These are  both foreign competitors and domestic. Google is a great resource for this.

Analyse the market. This means you should be able to research on any factor that may affect the marketing and use of your product.  You could imagine those things. For example, does your product name have  different meaning in the local language?  Do you need to change your sizing to suit the local market?

What Do I Need Exporting My Goods From Nigeria

 Barriers/Restriction Identify. In this connection, you also need to know if there re any significant export or import restrictions. The most common export barriers are export controls for certain products. Therefore, watch out for them. Import barriers could include significant import duties or import regulations for your product.

Market Choices. Your market research should determine which market is most suitable. For a small business that is just starting exporting, we recommend that you target not more than two markets at a time.

What Do I Need Exporting My Goods From Nigeria – NEEDED EXPORT DOCUMENTS:

For full formal export procedure, you will need certain export documentations per step of the process. The needed documents are:

What Do I Need Exporting My Goods From Nigeria – EXPORTER REGISTRATION DOCUMENT

The first step of your export procedure is registration as an exporter at NEPC. In order to venture into export business this is necessary.

What Do I Need Exporting My Goods From Nigeria – EXPORT CONTRACT DOCUMENT

An export contract is agreement between seller and buyer on terms of the export business:

A signed export contract is issued by you as exporter and the importer. It’s relevant because it spells out obligations of buyer and seller

What Do I Need Exporting My Goods From Nigeria – DOCUMENTS FOR QUALITY ASSURANCE

This must conform with stated international conventions and  agreed terms of the contract.

Therefore, quality assurance documentations help you  ensure your exported goods conform to food safety measures. Using internationally recognised bodies is very important. Relevant documents include:

• phytosanitary certificate for agricultural commodities (issued by NAQS),
• health certificate for processed and semi-processed food items (issued by NAFDAC),
• international veterinary certificate for animals and animal products (issued by DVPCS),
• fumigation certificate for agricultural commodities (issued by FPIS, part of FMITI)

Get more information here

What Do I Need Exporting My Goods From Nigeria – COMMERCIAL DOCUMENTS

The commercial documents are those which  display product values and quantities. The documents are prepared and issued by the exporter and include:

Commercial invoice – This indicates the value of goods for export in the currency of transaction

Packing list – Shows the unit packaging and total quantity of goods intended to be exported

What Do I Need Exporting My Goods From Nigeria – FINANCIAL DOCUMENTS

Financial documents show evidence of financial transaction between buyer and seller. It also shows conformance with the financial regulations for exports. These include Export Proceed form (NXP) issued in  Nigeria  by a commercial bank. This is relevant because it captures the value of the export transaction for economic development purposes. It’s also a major prerequisite for accessing the Export Expansion Grant (export incentive).

Commercial invoice is issued by you as exporter. It’s relevant because it indicates the value of the goods for export in currency of transaction. It’s also useful for processing the NXP

Final invoice is issued by you as exporter. This is also relevant because it indicates the actual value of the goods exported in currency of transaction for purpose of payment by importer

What Do I Need Exporting My Goods From Nigeria – GOODS MOVEMENT DOCUMENTS

These are all aspects of goods delivery documents to the buyer in the medium specified in the export contract. Documents involved can include Clean Certificate of Inspection (CCI) issued by government appointed Pre-Shipment Inspection Agencies (PIAs). It’s very relevant because it ascertains the quality, quantity and price competitiveness of Nigerian exports

Other documents include; Certificate of Weight and Quality. This is issued by independent quality assessors (e.g. SGS, Bureau Veritas) agreed by seller and buyer. It’s relevant because it ensure the goods conform to the quality standards and weight as stated in the contract.

Another important document is Certificate of Origin issued by National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA). It’s also relevant because it indicates the origin of goods, needed for e.g. trade agreement benefits.

The other document is Bill of Lading (shipping document). This is  issued by shipping agencies. It’s relevance in it giving  details of goods transported by sea.

For air born goods,  Air Way Bill (shipping document) issued by airlines, showing details of goods transported by air.

And then if by road transportation, Road Transport Bill (shipping document) will be issued by logistics company. As in the others, it’s relevant in giving details of goods transported by road.

READ ALSO:

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3. What Do I Need Exporting My Goods From Nigeria
4. Get Business information on Garlic Business in Nigeria here.
5. Garlic Buyers Needed For Business Deals
6. GINGER BUYERS NEEDED FOR OUR 2019 DEALS: GET ENLISTED
7. Ginger Exporters Needed For Our 2019 Deals: How to Enlist

What Do I Need Exporting My Goods From Nigeria

Get Your Nigeria Export Promotion Council (NEPC) Certificate  from us: We will help you procure:

1. New Registration
2. Renewal of Old Certificate
3. Replacement of Lost Old Certificate
4. Late Renewal of Old Certificate
5. Mutilated Old Certificate

Therefore, Contact Complete Full Marks Consultants Limited for any of these services. Call +234 8034347851 or email through cfmclimited@mail.com.

What Do I Need Exporting My Goods From Nigeria

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