2022
Exports
$505kWorld Rnk 144 / 217
Flag Rnk 251 / 1077
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$814MWorld Rnk 60 / 224
Flag Rnk 6 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $505k in Packaged Medicaments, making it the 144th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 251st most exported product in Nigeria. The main destination of Packaged Medicaments exports from Nigeria are: Sierra Leone ($124k), Rwanda ($120k), Turkey ($58.9k), Cote d'Ivoire ($55.8k), and Saudi Arabia ($39.1k).

The fastest growing export markets for Packaged Medicaments of Nigeria between 2021 and 2022 were Sierra Leone ($61.6k), Turkey ($55.7k), and Saudi Arabia ($38.8k).

Imports In 2022, Nigeria imported $814M in Packaged Medicaments, becoming the 60th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 6th most imported product in Nigeria. Nigeria imports Packaged Medicaments primarily from: India ($409M), China ($178M), United Kingdom ($30.2M), France ($28.7M), and Switzerland ($23.4M).

The fastest growing import markets in Packaged Medicaments for Nigeria between 2021 and 2022 were France ($6.2M), Belgium ($4.97M), and Thailand ($1.6M).

Latest Trends

Oct 2024

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Packaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$505k
IMPORTS (2022)$814M
NET TRADE (2022)-$813M

In 2022, Nigeria exported $505k in Packaged Medicaments. The main destinations of Nigeria exports on Packaged Medicaments were Sierra Leone ($124k), Rwanda ($120k), Turkey ($58.9k), Cote d'Ivoire ($55.8k), and Saudi Arabia ($39.1k).

In 2022, Nigeria imported $814M in Packaged Medicaments, mainly from India ($409M), China ($178M), United Kingdom ($30.2M), France ($28.7M), and Switzerland ($23.4M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Sierra Leone$61.6k (98.3%)
Turkey$55.7k (1.74k%)
Saudi Arabia$38.8k (12k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Nigeria WERE (2021 - 2022):
Ghana-$384k (-100%)
Benin-$303k (-99.9%)
Togo-$227k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Nigeria's main exporting competitors in Packaged Medicaments were:
In 2022, Nigeria's main importing competitors in Packaged Medicaments were:

Explore Visualizations

Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $123k
TOP IMPORT POTENTIALIndia+ $88.5M

Packaged Medicaments’s highest export potential is Turkey. With an export gap of $123k.   Packaged Medicaments’s highest import potential is India with an import gap of $88.5M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with