5 Goods That African Merchants Can Export To China

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

Owo Arugbo: Ekiti Begins N20,000 Payment To The Elderly As Monthly Stipend For Social Security Scheme

Ekiti State Governor, Dr Kayode Fayemi on Wednesday re-launched the social security Scheme for elderly citizens in the state with,...

PZ Cussons commences entries for Cussons Baby Moments’ 6th season

PZ Cussons has announced the commencement of entries of the 6th season of its eponymous baby competition in Nigeria tagged...
- Advertisement -
- Advertisement -

Now that Flutterwave has opened up 1 billion Chinese customers to African merchants by successfully integrating Alipay, it’s time to shift attention to how African Merchants can actually benefit.

We came up with a list of our top 5 goods that African Merchants can export to China. This list isn’t a list of China’s biggest imports because that would mean including the likes of crude oil and iron ore which aren’t easily accessible for export to the average African merchant.

So here are 5 goods that African merchants can export to China:

Duty-Free payments

Well, this first one is not a physical good by itself but hear us out. In 2010, airlines averaged less than one flight a day between China and Africa. Now, it’s eight direct flights on the average. Imagine what being able to accept Alipay payments will do for duty-free shops at Africa’s airports for instance? If you own an airport duty-free shop or know anyone that does, tell them that the opportunity they’ve been waiting for is here. They can start taking advantage of signing up here.

Read:  Global smartphone sales down 4% in Q1 to 330 million - Report

Soybeans

China is the world’s largest soybean importer and in 2017, soybeans were the United States’s single biggest agricultural export to China. So, beyond the Flutterwave-Alipay integration, increased tariffs on soybean from the U.S (like we wrote about here) will make soybean expensive in China, hence China will be looking for new suppliers.

Edible Vegetable Oil

2018 edible vegetable oil imports to China was worth around $4.5 billion. The market is undeniably huge and African merchants stand a chance to be part of this market. Speaking to the export promotion council or a similar agency of your country can give you pointers on how to take advantage.

Read:  Buildcon Promises to Uphold Quality Standard

Cereals and Cereal Flour

At over 5.5 billion U.S dollars for 2018, the cereals import demand in China presents a huge opportunity for African merchants. Again, the export promotion council or a similar agency of your country can give you pointers on how to take advantage.

Read:  EFInA Highlights Significant Fintech Opportunities in Nigeria (Pictures)

Paper pulp

2018 paper pulp imports to China were worth over $18 billion. That’s more than Ghana’s 2018 budget. It is huge! Please, do fell trees responsibly and sustainably if you plan to get into this.


Bonus

Cassava

China is the world’s leading cassava importer with the import for this agricultural product clocks in at over 1 billion dollars yearly. Already, Nigeria is the leading producer of cassava so you can see where we’re going with this…

There you have it, our list of 5 goods that African merchants can export to China right now thanks to the new Flutterwave and Alipay integration that lets African merchants easily receive payments from Chinese customers. Again, will you directly benefit from this? That’s the million-dollar question for every African.

 

The article first appeared in flutterwave.com on Saturday, August 2nd, 2019.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Ensurity Technologies joins the Microsoft Intelligent Security Association

HYDERABAD, INDIA - Media OutReach - 17 October 2019 - Ensurity Technologies, Hyderabad, India-based cybersecurity company, is pleased to announce that it has joined the...

Hospitality Disruptor Generator Acquires Freehand Hotels In Its Quest to Dominate the Experience Economy in U.S. Market

London-based Queensgate Investments finalizes $400 million purchase of Freehand Hotels from a seller consortium including The Yucaipa Companies and Sydell Group, drastically expanding Generator’s...

FG mulls new tax on Coke, Bigi, other soft drinks

Zainab Ahmed, the minister of finance, says the federal government is considering introducing excise duty on carbonated drinks. The minister made this known while addressing...

“Best Global Brands 2019” – Mercedes-Benz is once again the world’s most valuable luxury car brand

Mercedes-Benz further increased its brand value and is once again the world's most valuable luxury automotive brand. In the latest "Best Global Brands 2019"...

More Articles Like This