Niger Export

Niger export is an integral part of the international trading activities of the country, offering considerable support to Niger economy, by generating substantial foreign revenues. In fact, the development of the national economy is heavily dependent on the revenue acquired from export of agro-based and other products of Niger.

Efforts made to increase exports in Niger:

As an important aspect of the nation's foreign trade, Niger export plays a significant role in enhancing the overall financial status of the country, through the introduction of various promotional schemes. One such scheme is to increase the efficiency of both exporters and producers involved in rural agro-based export markets. This in turn, helps them to react appropriately wherever and whenever required, as well as learn to make the best use of the available market opportunities in boosting up the export activities further.

Uranium holds the major export market in Niger, accounting for maximum foreign exchanges. However, the export of uranium underwent immense setbacks during 1960s and 1970s, owing to fluctuations in its market prices. Export of animal products like skins and hides is of great demand in other countries for handicraft purposes, and holds the second position.

Apart from Uranium and hides, other items exported by Niger in 2005 comprise the following:

Automobile parts
Onions
Cowpeas
Textile goods, especially cotton apparels

Countries acting as the principal export partners of Niger in 2005 were:

France (45.7%)
Nigeria (20.4%)
United States (19.4%)
Switzerland (4.6%)

In 2005, the country made total exports worth $505 million f.o.b.

Future prospects of Niger export market:

The export market of Niger shows good potentialities in the sense that the country has vast reserves of metals and minerals like gold, iron, coal, phosphate, gypsum, limestone and petroleum, yet to be tapped. So it may be assumed that once exploitation of these untapped natural reserves start, their exports will lead to flow of foreign funds in Niger and improve the economic conditions of this African nation extensively.