India to Nigeria: Folic Export Trade Route
India has recorded 77 verified shipments of Folic exported to Nigeria, representing a combined trade value of $1.4M USD. This corridor is served by 29 active Indian exporters, with an average shipment value of $17.6K USD. The leading Indian exporter is MICRO LABS LIMITED, which accounts for 45% of total export value with 17 shipments worth $614.7K USD. On the buying side, MICRO NOVA PHARMACEUTICALS IND is the largest importer in Nigeria with $612.6K USD in purchases. The top 3 suppliers — MICRO LABS LIMITED, LABORATE PHARMACEUTICALS INDIA LTD, NANU INTERNATIONAL — together control 58% of total trade value on this route. All data sourced from Indian Customs (DGFT) shipping bill records. Values reported in FOB USD.
Route Intelligence Overview
The India to Nigeria Folic corridor is one of India's established pharmaceutical export routes, with 77 shipments documented worth a combined $1.4M USD. The route is dominated by MICRO LABS LIMITED, which alone accounts for roughly 45% of all export value, reflecting the consolidated nature of India's folic manufacturing sector.
Across 29 active suppliers, the average shipment value stands at $17.6K USD — a figure that reflects both bulk commercial orders from large pharmaceutical companies and smaller specialty shipments. Sea freight dominates at 77% of all shipments, consistent with folic's non-urgent bulk-order profile.
Shipment activity peaks during October–December, with an average transit time of 20 days port-to-port. The route has recorded an annual growth rate of 30.1%, placing it at rank #15 among India's top folic export destinations globally.
On the import side, key buyers of Indian folic in Nigeria include MICRO NOVA PHARMACEUTICALS IND, SAM PHARMACEUTICAL LIMITED, CLARION MEDICALS LIMITED and 30 others. MICRO NOVA PHARMACEUTICALS IND is the single largest importer with 17 shipments valued at $612.6K USD.
Route Characteristics
- Average transit20 days
- Peak seasonQ4
- Primary modeSea freight
- Top portBANGALORE AIR
Market Position
- Global rank#15
- Annual growth+30.1%
- Demand growth+25.2%
- Regulatory ease80/100
Top 10 Indian Folic Exporters to Nigeria
Showing top 10 of 29 Indian suppliers exporting Folic to Nigeria, ranked by total trade value (USD)
| Rank | Supplier (Indian Exporter) | Shipments | Total Value (USD) | Market Share |
|---|---|---|---|---|
| 1 | MICRO LABS LIMITED Avg $36.2K per shipment | 17 | $614.7K | 45.4% |
| 2 | LABORATE PHARMACEUTICALS INDIA LTD Avg $10.4K per shipment | 10 | $103.8K | 7.7% |
| 3 | NANU INTERNATIONAL Avg $67.5K per shipment | 1 | $67.5K | 5.0% |
| 4 | THE MADRAS PHARMACEUTICALS Avg $10.5K per shipment | 6 | $63.0K | 4.6% |
| 5 | NUCREST PHARMA PRIVATE LIMITED Avg $12.5K per shipment | 5 | $62.5K | 4.6% |
| 6 | BHARAT SERUMS AND VACCINES LIMITED Avg $27.3K per shipment | 2 | $54.6K | 4.0% |
| 7 | IMPERIA LIFE SCIENCES PRIVATE LIMITED Avg $12.0K per shipment | 4 | $48.0K | 3.5% |
| 8 | MEDICAMEN BIOTECH LIMITED Avg $14.4K per shipment | 3 | $43.1K | 3.2% |
| 9 | MICRO LABS LTD Avg $42.5K per shipment | 1 | $42.5K | 3.1% |
| 10 | NUCREST PHARMA PRIVATE LIMITED Avg $41.6K per shipment | 1 | $41.6K | 3.1% |
This table shows the top 10 of 29 Indian companies exporting folic to Nigeria, ranked by total trade value. The listed exporters are: MICRO LABS LIMITED, LABORATE PHARMACEUTICALS INDIA LTD, NANU INTERNATIONAL, THE MADRAS PHARMACEUTICALS, NUCREST PHARMA PRIVATE LIMITED, BHARAT SERUMS AND VACCINES LIMITED , IMPERIA LIFE SCIENCES PRIVATE LIMITED, MEDICAMEN BIOTECH LIMITED, MICRO LABS LTD, NUCREST PHARMA PRIVATE LIMITED . MICRO LABS LIMITED is the dominant supplier with 17 shipments worth $614.7K USD, giving it a 45% market share. The top 3 suppliers together account for 58% of the total trade value on this route.
Showing top 10 of 29 total Indian exporters on the India to Nigeria Folic export route.
Top 10 Folic Importers in Nigeria
Showing top 10 of 33 known buyers in Nigeria receiving Folic shipments from India, ranked by import value
On the receiving end of this trade route, the leading importers of Indian folic in Nigeria include MICRO NOVA PHARMACEUTICALS IND, SAM PHARMACEUTICAL LIMITED, CLARION MEDICALS LIMITED, EMBASSY PHARMACEUTICAL & CHEMICALS, CHANRAI HEALTHCARE LTD, , among 33 total buyers. The largest importer is MICRO NOVA PHARMACEUTICALS IND, accounting for $612.6K USD across 17 shipments — representing 45% of all folic imports from India on this route.
| Rank | Importer / Buyer | Shipments | Import Value (USD) | Market Share |
|---|---|---|---|---|
| 1 | MICRO NOVA PHARMACEUTICALS IND | 17 | $612.6K | 45.2% |
| 2 | SAM PHARMACEUTICAL LIMITED | 1 | $67.5K | 5.0% |
| 3 | CLARION MEDICALS LIMITED | 6 | $63.0K | 4.6% |
| 4 | EMBASSY PHARMACEUTICAL & CHEMICALS | 6 | $61.0K | 4.5% |
| 5 | CHANRAI HEALTHCARE LTD, | 2 | $54.6K | 4.0% |
| 6 | SUITELIFE PHARMACEUTICALS LTD | 4 | $52.7K | 3.9% |
| 7 | GBGL PHARMA LTD | 4 | $48.0K | 3.5% |
| 8 | MICRO NOVA PHARMACEUTICALS | 1 | $44.5K | 3.3% |
| 9 | ST MAMA LTD, | 1 | $41.6K | 3.1% |
| 10 | TO THE ORDER | 2 | $38.5K | 2.8% |
Showing top 10 of 33 Folic importers in Nigeria on this route.
Top 10 Folic Formulations Imported by Nigeria
Showing top 10 of 64 product formulations shipped on the India to Nigeria Folic route, ranked by trade value
Nigeria imports a wide range of folic formulations from India, spanning tablets, capsules, suspensions, and combination drugs. The top formulation — MECONERV FORTE (BENFOTIAMINE-100MG,PYRIDOXINE-3MG,ALPHA LIPOIC ACID-200 MG,FOLICACID-1.5 MG CAPS) (3X10'S) (QTY-32364.0 — accounts for $84.2K USD across 1 shipments. There are 64 distinct product descriptions in the dataset, reflecting the variety of dosage forms and strengths imported.
| Rank | Product Formulation | Shipments | Trade Value (USD) | Market Share |
|---|---|---|---|---|
| 1 | MECONERV FORTE (BENFOTIAMINE-100MG,PYRIDOXINE-3MG,ALPHA LIPOIC ACID-200 MG,FOLICACID-1.5 MG CAPS) (3X10'S) (QTY-32364.0 | 1 | $84.2K | 6.2% |
| 2 | MAXIRON CAPSULES ( 319200 X 3 X 10 CAPS ) ( EACH CAPSULE CONTAINS:FERROUS FUMERATE B.P-200 MG FOLIC ACID B.P.-1 MG VITAM | 1 | $67.5K | 5.0% |
| 3 | BONTOSE SOFT GELATIN CAPSULES Haematinic Softgel Capsules of Iron, Folic Acid- Vitamin B12 & Zinc Sulfate | 3 | $48.7K | 3.6% |
| 4 | MECONERV FORTE (BENFOTIAMINE-100MG , PYRIDOXINE-3MG,ALPHA LIPOIC ACID-200 MG, FOLIC ACID-1.5 MG CAPS)(3X10S-QTY 16258 PCPCS | 1 | $44.5K | 3.3% |
| 5 | MECONERV FORTEBenfotiamine-100mgPyridoxine-3mg Alpha Lipoic acid-200 mgFolicacid-1.5 mg Caps 3x10s X 16368 CAPS | 1 | $43.8K | 3.2% |
| 6 | MECONERV FORTE (BENFOTIAMINE-100MG , PYRIDOXINE-3MG,ALPHA LIPOIC ACID-200 MG, FOLIC ACID-1.5 MG CAPS) ( 3X10S ) | 1 | $43.3K | 3.2% |
| 7 | MECONERV FORTE (BENFOTIAMINE-100MG PYRIDOXINE-3MG ALPHA LIPOIC ACID-200 MG FOLIC ACID-1.5 MG CAPS)(3X10'S) (QTY-163PCS | 1 | $42.6K | 3.1% |
| 8 | MECONERV FORTE Benfotiamine-100mg,Pyridoxine-3mg,Alpha Lipoic acid-200 mg,Folicacid-1.5 mg Caps 3x10s X 16298 capsule | 1 | $42.5K | 3.1% |
| 9 | MECONERV FORTE (BENFOTIAMINE-100MGPYRIDOXINE-3MG,ALPHA LIPOIC ACID-200 MG,FOLICACID-1.5 MG CAPS) 3X10'S(QTY- 16062.000) | 1 | $42.4K | 3.1% |
| 10 | MECONERV FORTE BENFOTIAMINE-100MG PYRIDOXINE-3MG ALPHA LIPOIC ACID-200 MG FOLIC ACID-1.5 MG CAPS 3X10's QTY:1611 | 1 | $42.4K | 3.1% |
Showing top 10 of 64 Folic formulations imported by Nigeria on this route.
Shipping & Logistics Analysis
Freight mode split and port-of-origin breakdown
Freight Mode Distribution
Sea freight dominates at 77%, typical for bulk pharmaceutical shipments.
Top Ports of Origin
BANGALORE AIR handles the highest volume with 10 shipments. Transit time averages 20 days by sea.
Market Dynamics
India's folic exports to Nigeria are driven primarily by a handful of large-scale manufacturers. MICRO LABS LIMITED with 17 shipments leads the pack, a pattern common in generic pharmaceutical corridors where manufacturing scale creates significant cost advantages. The presence of 29 active exporters signals a competitive but concentrated market — buyers in Nigeria benefit from supplier diversity while the top tier handles the majority of volume.
The top 3 suppliers — MICRO LABS LIMITED, LABORATE PHARMACEUTICALS INDIA LTD, NANU INTERNATIONAL — together account for 58% of total trade value on this route. The average shipment value of $17.6K USD reflects a mix of bulk commercial orders and smaller specialty shipments.
Beyond the primary product category, shipments on this route include closely related formulations such as maxiron capsules ( 319200 x 3 x 10 caps ) ( each capsule contains:ferrous fumerate b.p-200 mg folic acid b.p.-1 mg vitam and bontose soft gelatin capsules haematinic softgel capsules of iron, folic acid- vitamin b12 & zinc sulfate, suggesting that buyers in Nigeria tend to consolidate orders across related product lines from the same Indian supplier.
On the buying side, MICRO NOVA PHARMACEUTICALS IND is the largest importer with 17 shipments worth $612.6K USD — representing 45% of all folic imports from India on this route. A total of 33 buyers are active on this corridor.
Route Statistics
- Trade Volume
- $1.4M
- Avg. Shipment
- $17.6K
- Suppliers
- 29
- Buyers
- 33
- Transit (Sea)
- ~20 days
- Annual Growth
- +30.1%
Other Folic Routes
Unlock the Full India to Nigeria Folic Dataset
TransData Nexus provides verified shipment-level records, supplier contact details, HS code breakdowns, real-time pricing benchmarks, and regulatory compliance guides for 77 shipments on this route.
Frequently Asked Questions — India to Nigeria Folic Trade
Answers based on Indian Customs (DGFT) shipment records compiled by TransData Nexus
Q Which Indian companies export Folic to Nigeria?
The leading Indian exporters of Folic to Nigeria are MICRO LABS LIMITED, LABORATE PHARMACEUTICALS INDIA LTD, NANU INTERNATIONAL. MICRO LABS LIMITED holds the largest market share at approximately 45% of total trade value on this route.
Q What is the total value of Folic exports from India to Nigeria?
India exports Folic to Nigeria worth approximately $1.4M USD across 77 recorded shipments. The average value per shipment is $17.6K USD.
Q Which ports does India use to ship Folic to Nigeria?
The most active port of origin is BANGALORE AIR with 10 shipments. Indian exporters primarily use sea freight for this route, with 77% of shipments going by sea and 24% by air.
Q How long does shipping take from India to Nigeria for Folic?
The average transit time for Folic shipments from India to Nigeria is approximately 20 days. Sea freight typically takes longer, while air freight can reduce this significantly for urgent orders. Peak shipping activity is observed during October–December.
Q Is the India to Nigeria Folic trade route growing?
Yes — this trade corridor has seen an annual growth rate of approximately 30.1% with demand growth tracking at 25.2%. The route is ranked #15 among India's top Folic export destinations globally.
Q How many suppliers are active on the India to Nigeria Folic route?
There are currently 29 active Indian suppliers exporting Folic to Nigeria. The market is moderately concentrated with MICRO LABS LIMITED accounting for 45% of total shipment value.
Q Who are the main importers of Folic from India in Nigeria?
The leading importers of Indian Folic in Nigeria include MICRO NOVA PHARMACEUTICALS IND, SAM PHARMACEUTICAL LIMITED, CLARION MEDICALS LIMITED, EMBASSY PHARMACEUTICAL & CHEMICALS, CHANRAI HEALTHCARE LTD, . MICRO NOVA PHARMACEUTICALS IND is the largest buyer with 17 shipments worth $612.6K USD.
Official References & Regulatory Resources
- India Trade Statistics (DGFT)
- Invest India — Pharma Sector
- WCO HS Nomenclature
- Ministry of Commerce — Pharma Exports
- Pharmexcil
Data sourced from Indian Customs (DGFT) records. Verify regulatory and trade status with the agencies above.
Research Methodology & Data Transparency
Suresh Sormare
Verified AuthorPharmaceutical Export-Import Analyst & Trade Intelligence Expert
Suresh Sormare is a pharmaceutical export-import analyst with deep expertise in Indian Customs (DGFT) data, HS code classification, and global pharmaceutical supply chains. His analysis covers 10M+ shipment records across 150+ countries and is used by manufacturers, procurement agencies, and trade consultants worldwide. Suresh specializes in identifying verified suppliers and buyers from customs records, mapping bilateral pharmaceutical trade corridors, analyzing tariff structures and regulatory frameworks across 170+ destination markets, and benchmarking competitive positioning for finished pharmaceutical formulations. His methodology combines granular customs transaction data with regulatory intelligence from FDA, EMA, WHO, CDSCO, and 40+ national drug authorities to deliver actionable trade insights for the pharmaceutical formulations sector.
linkedin.com/in/sureshsormarePrimary Data Source
All trade data is sourced from Indian Customs (DGFT) official shipping bill records — the authoritative government database for India's pharmaceutical trade. Each verified record contains exporter name, consignee (buyer) name, detailed product description, quantity, declared FOB value (USD), port of loading, destination country, and shipment date.
Analysis Methodology
- 1.Route Identification: India to Nigeria export trade corridor identified from Indian Customs (DGFT) records for Folic.
- 2.Supplier/Buyer Matching: 29 Indian exporters and 33 importers in Nigeria matched using name normalization.
- 3.Value Aggregation: Total export value aggregated from 77 verified shipping bill records. Values are FOB in USD.
- 4.Market Share Analysis: Each supplier and buyer contribution calculated as a percentage of total route value. Statistical normalization applied to ensure accurate representation across varying shipment sizes.
Government-Sourced Data
Official DGFT customs records
Transparent Methodology
Calculations fully disclosed above
77 Verified Shipments
29 Indian exporters tracked
Expert-Reviewed
By pharmaceutical trade specialists