Gold, Onion, Beans, Meat, Uranium ore
BUSINESS OPPORTUNITIES IN NIGER
Since Niger is a landlocked country, most of its imports and exports are derived from doing activities on earth like mining and extraction. Hence many products like minerals, crude oil, radioactive chemicals and precious metals are exported to countries across the world. Exports in Niger decreased from FCFA 1,33,989 million in Q4 of 201 to FCFA 1,05,010 million in Q1 of 2019. On the other hand, the imports of Niger rose from FCFA 3,18,840 million in Q4 of 201 to FCFA 3,85,451 million in Q1 in 2019.
Niger’s most important export for Africa is the export of Uranium ore which forms a whopping 75% of the total exports of the country. This is followed by gold, onions, beans and meat, too. The main export partners of Niger are France (55% of total exports) followed by the United States, Switzerland, Nigeria and Ghana.
Niger’s top imports are cereals, petroleum products, machinery and manufactured goods. It also imports aircrafts and space-crafts in large quantities. In this case too, Niger’s main import partner is France (20% of total imports) followed by China, Belgium, Togo and other West African countries.