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2022
Exports $2.24kWorld Rnk 153 / 199
Flag Rnk 851 / 1077
2022
Destination $907 Latvia
2021 - 2022
FASTEST GROWING MARKET $907Latvia
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.61Rnk 321 / 1025
2022
Imports $26.9MWorld Rnk 66 / 220
Flag Rnk 301 / 1182
2022
Origin $2M Finland
2021 - 2022
FASTEST GROWING ORIGIN $2MIndonesia
2022
ECONOMIC COMPLEXITY of Nigeria-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $2.24k in Special Pharmaceuticals, making it the 153rd largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 851st most exported product in Nigeria. The main destination of Special Pharmaceuticals exports from Nigeria are: Latvia ($907), Canada ($588), Benin ($531), Ireland ($101), and Niger ($96).

The fastest growing export markets for Special Pharmaceuticals of Nigeria between 2021 and 2022 were Latvia ($907), Benin ($531), and Canada ($287).

Imports In 2022, Nigeria imported $26.9M in Special Pharmaceuticals, becoming the 66th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 301st most imported product in Nigeria. Nigeria imports Special Pharmaceuticals primarily from: Finland ($4.78M), Netherlands ($3.84M), India ($3.71M), Belgium ($3.02M), and Denmark ($3.02M).

The fastest growing import markets in Special Pharmaceuticals for Nigeria between 2021 and 2022 were Indonesia ($2M), Finland ($1.95M), and United States ($765k).

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 Special Pharmaceuticals. 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)$2.24k
IMPORTS (2022)$26.9M
NET TRADE (2022)-$26.9M

In 2022, Nigeria exported $2.24k in Special Pharmaceuticals. The main destinations of Nigeria exports on Special Pharmaceuticals were Latvia ($907), Canada ($588), Benin ($531), Ireland ($101), and Niger ($96).

In 2022, Nigeria imported $26.9M in Special Pharmaceuticals, mainly from Finland ($4.78M), Netherlands ($3.84M), India ($3.71M), Belgium ($3.02M), and Denmark ($3.02M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Latvia$907 (1%)
Benin$531 (1%)
Canada$287 (95.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Nigeria WERE (2021 - 2022):
Chinese Taipei-$126k (-100%)
Cote d'Ivoire-$8.15k (-100%)
France-$2.89k (-100%)
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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 Special Pharmaceuticals were:
Germany $3.23B
United States $1.77B
Netherlands $1.25B
In 2022, Nigeria's main importing competitors in Special Pharmaceuticals were:
United States $3.52B
Belgium $1.22B
China $1.01B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $2.22k
TOP IMPORT POTENTIALIndia+ $1.93M

Special Pharmaceuticals’s highest export potential is Canada. With an export gap of $2.22k.   Special Pharmaceuticals’s highest import potential is India with an import gap of $1.93M.

See methodology.

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