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2022
Exports $2.52kWorld Rnk 109 / 153
Flag Rnk 839 / 1077
2022
Destination $97 Niger
2021 - 2022
FASTEST GROWING MARKET $97Ireland
2022
PRODUCT COMPLEXITY IN Pharmaceutical Rubber Products0.19Rnk 491 / 1025
2022
Imports $15MWorld Rnk 28 / 215
Flag Rnk 394 / 1182
2022
Origin $1.67M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $1.67MDenmark
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $2.52k in Pharmaceutical Rubber Products, making it the 109th largest exporter of Pharmaceutical Rubber Products in the world. At the same year, Pharmaceutical Rubber Products was the 839th most exported product in Nigeria. The main destination of Pharmaceutical Rubber Products exports from Nigeria are: Niger ($2.33k), Ireland ($97), Benin ($81), and South Africa ($14).

The fastest growing export markets for Pharmaceutical Rubber Products of Nigeria between 2021 and 2022 were Ireland ($97) and South Africa ($14).

Imports In 2022, Nigeria imported $15M in Pharmaceutical Rubber Products, becoming the 28th largest importer of Pharmaceutical Rubber Products in the world. At the same year, Pharmaceutical Rubber Products was the 394th most imported product in Nigeria. Nigeria imports Pharmaceutical Rubber Products primarily from: Thailand ($5.44M), Malaysia ($4.61M), Denmark ($1.82M), India ($1.73M), and China ($1.32M).

The fastest growing import markets in Pharmaceutical Rubber Products for Nigeria between 2021 and 2022 were Denmark ($1.67M), China ($938k), and Malaysia ($550k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Pharmaceutical Rubber Products. Countries are shown based on data availability.

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.52k
IMPORTS (2022)$15M
NET TRADE (2022)-$15M

In 2022, Nigeria exported $2.52k in Pharmaceutical Rubber Products. The main destinations of Nigeria exports on Pharmaceutical Rubber Products were Niger ($2.33k), Ireland ($97), Benin ($81), and South Africa ($14).

In 2022, Nigeria imported $15M in Pharmaceutical Rubber Products, mainly from Thailand ($5.44M), Malaysia ($4.61M), Denmark ($1.82M), India ($1.73M), and China ($1.32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical Rubber Products EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Ireland$97 (1%)
South Africa$14 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical Rubber Products BY Nigeria WERE (2021 - 2022):
Niger-$4.84k (-67.6%)
United Kingdom-$4.55k (-100%)
Benin-$1.35k (-94.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Pharmaceutical Rubber Products were:
Thailand $317M
China $246M
Malaysia $121M
In 2022, Nigeria's main importing competitors in Pharmaceutical Rubber Products were:
China $110M
United States $92.6M
Germany $82.3M

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Trade Value of Pharmaceutical Rubber Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $765
TOP IMPORT POTENTIALChina+ $714k

Pharmaceutical Rubber Products’s highest export potential is China. With an export gap of $765.   Pharmaceutical Rubber Products’s highest import potential is China with an import gap of $714k.

See methodology.

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