Cocoa dominates Nigeria’s non-oil export

The International Trade Centre (ITC) Export Potential Map shows that a total untapped export potential for Nigeria’s non-oil exports stands at $2.2 billion.
Cocoa beans export potential is valued at $1.1 billion, while actual export is $724.7 million. Untapped potential is put at $368.3 million.
Nigeria’s cocoa beans market are Netherlands, Switzerland, Poland, Austria, Republic of Korea, India, Estonia, United Kingdom, Mexico, China, Singapore and Canada. France, Russian Federation, Italy and Spain.
Others are Malaysia, Indonesia, Germany, Brazil, United States, Japan and Belgium.
For instance, Nigeria’s cocoa beans export to Netherlands is valued at $295.4 million, while export potential is put at $281.7 million.
Globally, Netherlands’s imports represent 23.3 per cent of world imports of cocoa beans..


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