VOLUME 3 ISSUE 18

Export News:

Export to Import Ratio

Remains Under 10% at

Lagos Port

- 1

Export Programme:

Export Business

Clinic and More

- 2

Export Education:

Handling the Critical 5Ps

of Export Business

Success - The Products

- 3

Export Training Products:

Export Business Made

Easy and More

- 3

Export Miscellaneous:

Commodity Prices,

Infographs and Lots

More

- 3 & 4

enough, or if the soil isn't rich enough, the cacao will wither and die.

Because so many cacao plantations are in regions where the average temperatures have become more volatile (and therefore less suitable for ideal cacao growth), a study by the International Center for Tropical Agriculture (CIAT) posits that farmers will begin to experience an immense decrease in cocoa production by 2030

Excerpt: WEF

Minister of State, Ministry of Industry, Trade and Investment, Hajia Aisha Abubakar, has said that shea butter export volume from producing countries, especially Africa, has grown to over 350,000 metric tonnes per annum, indicating about 600 per cent increase when compared with what it was 20 years ago.

Abubakar informed that the cheery news was that this was attracting an annual income of over $200 million into shea butter producing countries in addition to the employment opportunities for over four million people, especially women.

INS

IDE

TH

IS IS

SU

E

The ratio of Export to import in terms of quantity has remained under 10% at the Lagos port which include the Apapa, Tin Can port for the last 3 years. This means that, for every 1,000MT of items imported, less than 100MT of items are exported from each of the Lagos Ports.

According the data released by the National Bureau of Statistics (NBS) in 2015, the quantity of items exported on Tin Can port is 7.8% of import while that of apapa port is 5.9% of import.

In 2016, quantity of items exported vis-à-vis import at the Tin can port is 6%, while that of Apapa port is 7.6%. In 2017, The quantity of items exported from Tin Can is 6.4% of import while that of Apapa port is 7.91% of the import. These data clearly show that there is a decline in the quantity of items exported through the Tin Can port as against the increase in the quantity of items exported through the Apapa port.

Considering the fact that more than 60% of vessels coming to Nigeria visit the Lagos ports, this means that 60% of the vessels leaving Nigeria depart through these ports. However, it is sad to note that the total export from both ports is less than 15% of the imports into these ports from 2015 - 2017.

Excerpt: 3T Impex

Savor your avocado toast while you can, because beloved food pairing is about to go the way of the dodo— and it's not alone. Global warming poses a huge threat to our planet and our crops, as it's

changing the specific conditions our agriculture needs to thrive. Extreme weather events have already ravaged different regions of the world — from the wildfires in North America to the coral bleaching in the Great Barrier Reef.

Here are 12 foods that could go extinct because of climate change's effect on our planet.

Avocados

Avocado mania is alive and booming in the United States. Not only are we voracious importers of avocados — 80% of our annual supply comes from Mexico — but of our domestically-grown avocados, 10% are from California.

The catch is that, as Adam Sternbergh reported in New York magazine, avocados require nine gallons of water per ounce to grow. That's 72 gallons of water per fruit. California's water supply cannot compete with our nation's demand for guacamole.

Unfortunately, the bad news doesn't end there. America's incessant demand for avocados — combined with the rising prices to export them — has even fueled the rapid deforestation of central Mexico's pine forests.

Chocolate

As the National Oceanic and Atmospheric Administration states, cacao is only able to grow and prosper if a stringent set of requirements is met. Not only can cacao only grow within around 20° north and south of the equator, but if the humidity isn't high

12 Foods that MightSoon be Extinct

Shea Butter Export Hits350,000mt, Annual Income

of $200m

Export to Import RatioRemains Under 10%

at Lagos Ports

Top NewsExport to Import Ratio Remains Under 10% at Lagos Port

12 Foods that Might Soon Be Extinct

Shea Butter Export Hits 350,000mt, Annual Icome of $200m

Ijora Terminal: Govt Records Zero Revenue From Non-Oil Export

Govt. Agencies Identify 10 Products to Drive Export to ECOWAS

Volkswagen Quietly Admits to China Export Plans

The Minister who made the remark yesterday in Abuja during the Global Shea Alliance Agenda with the theme, “Shea 2018 Going Further Together” explained that this was a far cry in view of the enormous potential and opportunities in the shea industry.According to her, it is arguable that developed economies such as USA and Europe have embraced shea products as very important ingredient and raw materials for foods, pharmaceuticals and cosmetics, among others. “It is interesting to note that the global market for natural cosmetics is estimated to be about $30 billion and expected to grow about 10 per cent annually. Of this, the certified natural cosmetics component is about 45 per cent while the remaining 55 per cent consists of near natural cosmetics,” she said. In a brief remark at the event, Governor of Niger State, Alhaji Abubakar Sani Bello, whose state is among the shea producers, said partnership will bring about the much needed empowerment of the people in line with the policy of the Federal Government to encourage business between Nigeria shea/industry shareholders and international buyers of the product.Excerpt: The Sun

As the gridlock at the port road persists, no exports have been shipped out of the country through Tin Can Island Port II in Lagos since the beginning of the year, N e w T e l e g r a p h h a s l e a r n t .Exporters, sources said, have not been patronising the terminal because of logistics problems and unfavourable environment.Last year, proceeds from agricultural produce stood at $340 million (N105.06 billion) in the first quarter, representing 39.5 per cent of total non-oil export proceeds.

The Nigeria Customs Service (NCS)'s Area Command overseeing the terminal explained that the service was yet to generate revenue on export between January, February and first week of March, 2018.

Its Controller, Mohammed Dalhatu, said that Tin Can Port II was one of the biggest dry port terminals in the country with an export examination bay.

He said that the Command created a dedicated desk for exporters, who wished to make any inquiries concerning export of agricultural produce.

Also, the Command Public Relations Officer, Mr. Sadiq Farouk, confirmed that between January and March 6, 2018, no revenue had been recorded on the e x p o r t o f N i g e r i a n p r o d u c t s .Finding by this newspaper revealed that trouble started in the last quarter of 2017, when Nigerian non-oil exports to other countries dropped sharply by 51per cent since the second half of 2017 due to weak and poor port infrastructure.It was gathered that it takes two months for export containers to reach the respective terminals at Lagos and Tincan Island ports.Besides, importers were forced to pay heavy amount because of the inability of truck drivers to deliver the export to their port of destinations on schedule.

Already, trucker owners have raised their charges from N60,000 per container to N200,000 or 230 per cent because of the poor access roads.

Excerpt: New Telegraph

Page 2. VOLUME 3 ISSUE 18

OTHERHEADLINES

FG Cuts Down Rice

Importation to Boost Agric

- Sun

Nigeria’s Wheat Import

Gulps $4.2bn Annually

- Ships & Ports

Groups Want Implementation

of ECOWAS Single Currency

The Nigerian Export Promotion Council (NEPC) and Lagos Chamber of Commerce and Industry (LCCI) have identified 10 products which Nigeria can leverage on to boost exports into the Economic Community of West African States (ECOWAS) sub-region.

The goods include vehicles, tractors, cycles, machinery, mechanical appliances and boilers, cereals, fuel, plastics, pharmaceuticals, fish and seafood.

To this end, a committee, comprising the Nigerian Export Promotion Council (NEPC), Lagos Chamber of Commerce and Industry (LCCI), the Nigeria Customs Service (NCS), and the National Agency for Food and Drug Administration and Control (NAFDAC) was set up to enhance the movement of goods within ECOWAS region.At the committee's inauguration tagged: “Nigeria ECOWAS Export Development”, it was noted that the West African sub-region is a huge market with potential for growth if well harnessed by member states.LCCI president, Mr. Babatunde Ruwase, noted that the forum presented an opportunity to review the state of economic integration in the sub-region, identify the challenges and proffer solutions, especially from the private sector perspective. Excerpt: The Independent

Buried deep in a lengthy media release, the Volkswagen Group has quietly let slip that it has plans to use its giant manufacturing operations in China to commence exports. The information, at the end of the 12th paragraph of a screed concerning financials and an expansion of electric vehicle production sites: At a future date, the Group is also planning to export vehicles that will be manufactured in China – initially to the Philippines and later to other South East Asian markets". One of the most extraordinary things about the Volkswagen Group's activities in the PRC is its lack of an export business. The company has for decades been especially cautious about potentially upsetting its home market unions and so kept the products from its Chinese manufacturing within the country. Rivals, such as GM and Honda have been less coy and have exported cars for some years to many countries, including the USA. The same applies to Volvo.Excerpt: Just Auto

Ijora Terminal: GovtRecords Zero Revenue From

Non-Oil Export

Govt. Agencies Identity 10Products to Drive Export

to ECOWAS

Volkswagen Quietly Admitsto China Export Plans

Page 3.

Free Export LicenceFree subscription to join African Export DevelopmentInitiative (AFED)Guaranteed Contracts for Export (T&C Apply)Export Mentoring Program with 20% discount Free Export Book & Advisory Service.

BENEFITS

CONTACT: 08067476669, 08026782568, 08091244449 tradeacademy@3timpex.com

EXPORTBUSINESSCLINIC

TRAININGFEE

N78,500

Days & Time 9amWeekdays -

March 20th & 21st, 2018Date -

Venue: 3T Impex Trade Center 11D Bola Shadipe StreetAddress:

Off Adelabu Street, Surulere,Lagos, Nigeria.

Weekend - 9am

March 10th & 17th, 2018 Date -

VOLUME 3 ISSUE 18

Export TrainingProducts

ExportMiscellaneous:

the his warehouse. If it is finished goods, then the exporter should ensure that the relevant authorities have approved the quality of the products before shipment.

In conclusion, I will like to say that a critical examination and answering of the questions raised in this article is very critical to the success of any export trade transaction.

For questions on this thought, you can reach me via email to bayemibo@3timpex.com

most products that requires some level of value addition tends to have lesser number of exporters due to the cost and competence involve in processing. On the other hand, items exported in their primary state tend to have more exporters because of the lower cost and competence needed to do the exportation.The last and most important question is, how can the selected item be exported without quality issues? This question is very vital the inability to answer it will make or mar the whole export transaction. To answer this question, it is important that an exporter know the need to and the possibility of doing quality and quantity inspection through a competent inspection agent before the shipment of the goods. This should be done before the exporter path with cash and pay for the goods either at the farm gate or at

The next question to be answer is, who are the major buyers abroad? This question is very vital because it lets an exporter confirm there is a market and also assess his risk of going into the available market. For example, most of the hard (solid minerals) and soft (agricultural) commodities from Nigeria go to Asia, while most of the processed and finished goods are exported to Europe and America. For more details on this question, you can do an online research and also visit NEPC to obtain data on the destinations of the products exported from Nigeria.The second to the last question is, why do we have more or few exporters trading in the item you have selected for export. This question is very important because it helps you to know why some products have more people exporting it than the other. Generally,

Title:

Export Business Made Easy

Speaker: Bamidele Ayemibo

Price: N 5,000

Title:

Import Business Made Easy

Author: Bamidele Ayemibo

Price: N 5,000

EXPORT ORDERS

LOCAL ORDERS

COMMODITY PRICES (LONDON METAL EXCHANGE AND BLOOMBERG)

S/N

S/N

PRODUCT

COMMODITY

SPECIFICATION

PRICES

MINIMUM SHIPMENT

UNIT OF MEASUREMENT

1.

2.

3.

1.

2.

3.

4.

5.

6.

7.

PRODUCT SPECIFICATION PAYMENT MONTHLY VOLUME

Zinc Ore Purity 35% 60MT Per Month

120MT Per Month

60MT Per Month

121MT Per Month

60MT Per Month

122MT Per Month

Purity 60%

Purity 30%Lead Ore

Lead Oxide

Zinc Ore

Lead Ore

Lead Oxide

Purity 35%

Purity 60%

Purity 30%Bank Guarantee

Bank Guarantee

Bank Guarantee

Lead Metric Tonne

Zinc

Cocoa Beans

Copper

Tin

Alluminium Bushel

Cotton Pounds

Metric Tonne

Metric Tonne

Metric Tonne

Metric Tonne

USD 2,395.00

USD 3,233.00

USD 2,530.00

USD 6,885.00

USD 20,900.00

USD 2,062.50

USD 83.30

S/N

1.

2.

3.

Handling the Critical 5Psof Export Business Success

- The ProductsCont'd from last issue

EXPORT NIGERIA CAMPAIGN

tradeacademy@3timpex.com08091244449 www.3timpex.com www.tradeinfong.com

...raising legion of exporters

Targets:

export seminar for religiousFREEorganizations, clubs, cooperative associations, etcObjective:educate, enlighten, empower thepublic and create employment

Page 4. VOLUME 3 ISSUE 18

Infographics

Photo Speaks