2022
Exports
$985kWorld Rnk 75 / 157
Flag Rnk 183 / 1077
2022
PRODUCT COMPLEXITY IN Unpackaged Medicaments
0.61Rnk 312 / 1025
2022
Imports
$23.8MWorld Rnk 55 / 215
Flag Rnk 322 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $985k in Unpackaged Medicaments, making it the 75th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 183rd most exported product in Nigeria. The main destination of Unpackaged Medicaments exports from Nigeria are: Ghana ($477k), Benin ($207k), Cote d'Ivoire ($190k), Libya ($76.9k), and Sierra Leone ($27.8k).

The fastest growing export markets for Unpackaged Medicaments of Nigeria between 2021 and 2022 were Benin ($207k), Libya ($76.9k), and Sierra Leone ($27.8k).

Imports In 2022, Nigeria imported $23.8M in Unpackaged Medicaments, becoming the 55th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 322nd most imported product in Nigeria. Nigeria imports Unpackaged Medicaments primarily from: Indonesia ($14.7M), India ($3.38M), Denmark ($2.47M), China ($866k), and France ($632k).

The fastest growing import markets in Unpackaged Medicaments for Nigeria between 2021 and 2022 were India ($1.1M), China ($268k), and Egypt ($194k).

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 Unpackaged Medicaments. 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)$985k
IMPORTS (2022)$23.8M
NET TRADE (2022)-$22.8M

In 2022, Nigeria exported $985k in Unpackaged Medicaments. The main destinations of Nigeria exports on Unpackaged Medicaments were Ghana ($477k), Benin ($207k), Cote d'Ivoire ($190k), Libya ($76.9k), and Sierra Leone ($27.8k).

In 2022, Nigeria imported $23.8M in Unpackaged Medicaments, mainly from Indonesia ($14.7M), India ($3.38M), Denmark ($2.47M), China ($866k), and France ($632k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
Benin$207k (1%)
Libya$76.9k (1%)
Sierra Leone$27.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Nigeria WERE (2021 - 2022):
Niger-$85.1k (-98.2%)
Cote d'Ivoire-$17.7k (-8.53%)
Republic of the Congo-$5.03k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALLibya+ $15.4k
TOP IMPORT POTENTIALIndia+ $2.85M

Unpackaged Medicaments’s highest export potential is Libya. With an export gap of $15.4k.   Unpackaged Medicaments’s highest import potential is India with an import gap of $2.85M.

See methodology.

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