2023
Exports
$14.6kWorld Rnk 131 / 190
Flag Rnk 675 / 1096
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.53Rnk 356 / 1025
2023
Imports
$29.9MWorld Rnk 68 / 220
Flag Rnk 253 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $14.6k in Special Pharmaceuticals, making it the 131st largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 675th most exported product in Nigeria. The main destination of Special Pharmaceuticals exports from Nigeria are: Benin ($5.29k), Thailand ($5.07k), Niger ($1.66k), Ghana ($1.25k), and Israel ($1k).

The fastest growing export markets for Special Pharmaceuticals of Nigeria between 2022 and 2023 were Thailand ($5.07k), Benin ($4.76k), and Niger ($1.56k).

Imports In 2023, Nigeria imported $29.9M in Special Pharmaceuticals, becoming the 68th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 253rd most imported product in Nigeria. Nigeria imports Special Pharmaceuticals primarily from: Netherlands ($8.26M), Denmark ($4.71M), China ($3.36M), India ($3.08M), and Belgium ($3.03M).

The fastest growing import markets in Special Pharmaceuticals for Nigeria between 2022 and 2023 were Netherlands ($4.78M), Denmark ($1.71M), and Hungary ($673k).

Latest Trends

Dec 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 (2023)$14.6k
IMPORTS (2023)$29.9M
NET TRADE (2023)-$29.9M

In 2023, Nigeria exported $14.6k in Special Pharmaceuticals. The main destinations of Nigeria exports on Special Pharmaceuticals were Benin ($5.29k), Thailand ($5.07k), Niger ($1.66k), Ghana ($1.25k), and Israel ($1k).

In 2023, Nigeria imported $29.9M in Special Pharmaceuticals, mainly from Netherlands ($8.26M), Denmark ($4.71M), China ($3.36M), India ($3.08M), and Belgium ($3.03M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Thailand$5.07k (1%)
Benin$4.76k (894%)
Niger$1.56k (1.62k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Nigeria WERE (2022 - 2023):
Latvia-$742 (-81.8%)
Canada-$556 (-94.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Special Pharmaceuticals were:
In 2023, Nigeria's main importing competitors in Special Pharmaceuticals were:

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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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