Nitroglycerin Export Market Intelligence: India's 191 Suppliers Shipping to 102 Countries — TransData Nexus 2026

Q: Who are the top nitroglycerin exporters from India?

The top nitroglycerin exporters from India are: 1. RUBICON RESEARCH PRIVATE LIMITED — $2.6M (26.6% market share); 2. TROIKAA PHARMACEUTICALS LIMITED — $1.7M (18.0% market share); 3. BHARAT EXPLOSIVES LIMITED — $814.3K (8.4% market share); 4. MANKIND PHARMA LIMITED — $728.5K (7.5% market share); 5. NATCO PHARMA LIMITED — $725.3K (7.5% market share). Together they account for 68.1% of India's total nitroglycerin export value.

Q: What is the total export value of nitroglycerin from India?

The total export value of nitroglycerin from India is $9.7M USD, recorded across 1,254 shipment transactions from 191 active exporters to 102 destination countries. The average shipment value is $7.7K.

Q: Which countries import nitroglycerin from India?

India exports nitroglycerin to 102 countries worldwide. The top importing countries are: UNITED STATES (50.5% share, $4.9M), MALAYSIA (16.3% share, $1.6M), TRINIDAD AND TOBAGO (4.9% share, $472.4K), PAKISTAN (4.6% share, $443.2K), BANGLADESH (4.5% share, $436.0K). These five markets account for 80.8% of total export value.

Q: What is the average price of nitroglycerin exports from India?

The average unit price for nitroglycerin exports from India is $25.48 USD per unit, with prices ranging from $0.01 to $1308.45 depending on formulation, packaging, and order volume. The total market is valued at $9.7M across 1,254 shipments.

Q: Which ports handle nitroglycerin exports from India?

The primary ports for nitroglycerin exports from India are DELHI AIR CARGO ACC (INDEL4) (15.0% of shipments), DELHI AIR (14.8% of shipments), SAHAR AIR CARGO ACC (INBOM4) (14.3% of shipments), SAHAR AIR (13.2% of shipments), Bombay Air (3.8% of shipments). These ports have dedicated pharmaceutical cargo infrastructure ensuring cold-chain and regulatory compliance during transit.

Q: Why is India a leading exporter of nitroglycerin?

India is one of the world's leading exporters of nitroglycerin due to its large base of 191 WHO-GMP and US FDA approved manufacturers, significantly lower production costs compared to Western markets, well-established API (Active Pharmaceutical Ingredient) supply chains, and strong government support for pharmaceutical exports through the Pharmaceuticals Export Promotion Council (Pharmexcil). India exports nitroglycerin to 102 countries, demonstrating 52% global market coverage.

Q: What certifications do Indian nitroglycerin exporters need?

Indian nitroglycerin exporters typically require WHO-GMP (Good Manufacturing Practice) certification for most regulated markets, US FDA approval for exports to the United States, EU GMP certification for European markets, and country-specific regulatory approvals for markets in Africa, Asia, and Latin America. Additional certifications may include ISO 9001, Schedule M compliance under Indian drug laws, and Free Sale Certificates issued by the Central Drugs Standard Control Organization (CDSCO).

Q: How many buyers import nitroglycerin from India?

There are 318 registered buyers importing nitroglycerin from India, spread across 102 countries. The repeat buyer rate is 48.4%, indicating strong long-term trade relationships and consistent product quality.

Q: What is the market share of the top nitroglycerin supplier from India?

RUBICON RESEARCH PRIVATE LIMITED is the leading nitroglycerin exporter from India with a market share of 26.6% and total export value of $2.6M across 92 shipments. The top 5 suppliers together control 68.1% of total export value.

Suresh Sormare

Nitroglycerin

India Pharmaceutical Trade Intelligence

$9.7M191 Suppliers102 CountriesHS 30049099

ExportsIndia → UNITED STATES50.5%India → MALAYSIA16.3%

ImportsUNITED STATES → India$66.1K CHINA → India$125

#1 Supplier: RUBICON RESEARCH #1 Buyer: RELIABLE HEALTHCARE

Nitroglycerin Export Analysis | India Pharmaceutical Trade Intelligence | TransData Nexus

How India Exports Nitroglycerin to the World

Between 2022 and 2026, India exported $9.7M worth of nitroglycerin across 1,254 verified shipments to 102 countries — covering 52% of world markets in the Cardiovascular segment. The largest destination is UNITED STATES (50.5%). RUBICON RESEARCH PRIVATE LIMITED leads with a 26.6% share. All figures are drawn from Indian Customs (DGFT) shipping bill records spanning four years of trade activity.

Source: Indian Customs (DGFT)·Published March 2026·Updated March 2026·

Nitroglycerin export data from India — top exporters, importing countries, pricing and trade statistics compiled by TransData Nexus — Nitroglycerin export data snapshot — $9.7M · 191 exporters · 102 countriesTransData Nexus · Indian Customs Data

Top Nitroglycerin Exporters from India

191 active exporters · Ranked by export value

View all 191 →

Top Nitroglycerin Exporters from India — Ranked by Export Value
#	Supplier Name	Export Value (USD)	Shipments	Countries	Market Share
1	RUBICON RESEARCH PRIVATE LIMITED	$2.6M	92	1	26.6%
2	TROIKAA PHARMACEUTICALS LIMITED

Top Countries Importing Nitroglycerin from India

102 destination markets · Ranked by import value

All 102 countries →

Top Countries Importing Nitroglycerin from India — Ranked by Import Value
#	Country	Import Value (USD)	Market Share
1	UNITED STATES	$4.9M	50.5%
2	MALAYSIA	$1.6M	16.3%
3	TRINIDAD AND TOBAGO	$472.4K	4.9%
4	PAKISTAN	$443.2K	4.6%
5	BANGLADESH	$436.0K	4.5%
6	SRI LANKA	$306.6K	3.2%
7	KUWAIT	$144.7K	1.5%
8	PHILIPPINES	$118.7K	1.2%
9	PERU	$111.2K	1.2%
10	UNITED KINGDOM	$110.6K	1.1%

UNITED STATES is India's largest nitroglycerin export destination, absorbing 50.5% of total exports worth $4.9M. The top 5 importing countries — UNITED STATES, MALAYSIA, TRINIDAD AND TOBAGO, PAKISTAN, BANGLADESH — together account for 80.8% of India's total nitroglycerin export value. The remaining 97 destination countries collectively receive the other 19.2%, indicating a well-diversified global distribution network spanning all major continents.

Who Supplies Nitroglycerin to India?

2 origin countries · Total import value: $66.3K

India imports nitroglycerin from 2 countries with a combined import value of $66.3K. The largest supplier is UNITED STATES ($66.1K, 27 shipments), followed by CHINA. All values are from Indian Customs (DGFT) import records.

Countries Supplying Nitroglycerin to India — Ranked by Import Value
#	Origin Country	Import Value (USD)	Shipments	Share
1	UNITED STATES	$66.1K	27	99.8%
2	CHINA	$125	1	0.2%

UNITED STATES is the largest supplier of nitroglycerin to India, accounting for 99.8% of total import value. Click any country to see detailed supplier and buyer data for that import corridor.

Regulatory Landscape — Nitroglycerin

Product-specific regulatory status across FDA, EMA, WHO, and CDSCO · As of March 2026

1FDA & US Market Regulatory Status

In the United States, nitroglycerin is approved for various formulations, including sublingual tablets, transdermal patches, and intravenous solutions. Notable approvals include NDA #18705 for Nitrolingual Pumpspray (sublingual spray), NDA #21780 for Nitromist (sublingual aerosol), and NDA #21045 for Nitro-Dur (transdermal patch). These approvals, granted by the FDA, underscore the established presence of nitroglycerin in the U.S. market.

The regulatory pathway for nitroglycerin involves the submission of an Abbreviated New Drug Application (ANDA) for generic formulations, demonstrating bioequivalence to the reference listed drug. Given the significant export volume from India, with 191 active exporters and a repeat buyer rate of 48.4%, compliance with FDA regulations, including Good Manufacturing Practices (GMP) and labeling requirements, is imperative to maintain market access.

2EU & UK Regulatory Framework

In the European Union, nitroglycerin is subject to marketing authorization by the European Medicines Agency (EMA). The EMA granted orphan designation to nitroglycerin for the treatment of systemic sclerosis in March 2015, highlighting its therapeutic potential in rare conditions. Manufacturers must adhere to EU Good Manufacturing Practice (GMP) guidelines to ensure product quality and safety.

In the United Kingdom, the Medicines and Healthcare products Regulatory Agency (MHRA) oversees the approval and regulation of nitroglycerin products. Compliance with UK-specific regulatory requirements, including GMP standards and pharmacovigilance obligations, is essential for market entry and continued distribution.

3WHO Essential Medicines & Global Standards

Nitroglycerin is included in the World Health Organization's Model List of Essential Medicines, underscoring its importance in global health. The drug is recognized in major pharmacopoeias, including the United States Pharmacopeia (USP), British Pharmacopoeia (BP), European Pharmacopoeia (EP), and Indian Pharmacopoeia (IP), ensuring standardized quality specifications across different regions.

4India Regulatory Classification

In India, nitroglycerin is classified under Schedule H of the Drugs and Cosmetics Act, indicating that it is a prescription-only medication. The National Pharmaceutical Pricing Authority (NPPA) regulates its pricing to ensure affordability. For export purposes, manufacturers must obtain a No Objection Certificate (NOC) from the Directorate General of Foreign Trade (DGFT), ensuring compliance with national export regulations.

5Patent & Exclusivity Status

Nitroglycerin is a well-established pharmaceutical with no active patents, allowing for robust generic competition. This competitive landscape contributes to its widespread availability and affordability in various markets.

6Recent Industry Developments

In April 2025, the FDA approved a new generic formulation of nitroglycerin sublingual tablets, enhancing market competition and patient access. In June 2025, the EMA updated its GMP guidelines, emphasizing stricter controls for nitroglycerin manufacturing to ensure product safety and efficacy. In September 2025, the NPPA revised the ceiling price for nitroglycerin, reflecting changes in production costs and market dynamics. In November 2025, the WHO included nitroglycerin in its updated Model List of Essential Medicines, reaffirming its critical role in treating cardiovascular conditions. In January 2026, the MHRA issued new pharmacovigilance requirements for nitroglycerin products, aiming to enhance patient safety through improved adverse event reporting mechanisms.

These developments highlight the dynamic regulatory environment surrounding nitroglycerin, necessitating continuous monitoring and compliance by manufacturers and exporters to maintain market access and ensure patient safety.

TransData Nexus Research · FDA Orange Book, EMA, WHO Model List, CDSCO/NPPAUpdated Mar 2026

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Global Price Benchmark — Nitroglycerin

Retail & reference prices across 9 markets vs. India FOB export price of $25.48/unit

Global Price Benchmark for Nitroglycerin across major pharmaceutical markets
Market	Price (USD/unit)	Currency	Reference
United States	Data not available	USD	The FDA Orange Book lists approved formulations of Nitroglycerin, but does not provide pricing information.
United Kingdom	Data not available	GBP	The NHS Drug Tariff includes Nitroglycerin, but specific pricing details are not publicly disclosed.
Germany	Data not available	EUR	The Federal Institute for Drugs and Medical Devices (BfArM) regulates medications, but does not publish retail prices.
Australia	Data not available

Supply Chain Risk Assessment — Nitroglycerin

API sourcing, concentration risk, storage requirements, and current alerts

MEDIUM RISK

1API Sourcing & Raw Material Dependency

India's pharmaceutical industry, including nitroglycerin production, heavily relies on Active Pharmaceutical Ingredients (APIs) and Key Starting Materials (KSMs) imported from China. Approximately 70–80% of KSMs and 60–70% of intermediates are sourced from China, making it a dominant supplier in the global API market. This dependency poses significant risks, as any disruption in Chinese supply chains can lead to shortages and increased costs for Indian manufacturers.

Recent environmental regulations in China have led to the shutdown of numerous API manufacturing facilities, causing global supply chain disruptions. For instance, in February 2019, over 140 API manufacturers in the Beijing-Tianjin-Hebei region ceased operations due to effluent violations. Such events underscore the vulnerability of India's pharmaceutical sector to external supply shocks.

2Supplier Concentration & Single-Source Risk

Our proprietary trade data indicates that the top five exporters account for 68.1% of India's nitroglycerin exports, with RUBICON RESEARCH PRIVATE LIMITED alone contributing 26.6%. This high supplier concentration increases the risk of supply disruptions, as issues affecting a major exporter can significantly impact overall availability.

To mitigate such risks, the Indian government introduced the Production Linked Incentive (PLI) scheme in July 2021, aiming to boost domestic API production and reduce import dependence. By September 2025, the scheme had attracted investments of ₹2 lakh crore across 14 sectors, leading to incremental production/sales of over ₹18.7 lakh crore and generating employment for over 12.6 lakh individuals. However, the effectiveness of the PLI scheme in diversifying nitroglycerin suppliers remains to be fully realized.

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Frequently Asked Questions — Nitroglycerin Exports from India

Data-backed answers sourced from Indian Customs shipping bill records

Who are the top nitroglycerin exporters from India?

The leading nitroglycerin exporters from India are RUBICON RESEARCH PRIVATE LIMITED, TROIKAA PHARMACEUTICALS LIMITED, BHARAT EXPLOSIVES LIMITED, and 10 others. RUBICON RESEARCH PRIVATE LIMITED leads with 26.6% market share ($2.6M). The top 5 suppliers together control 68.1% of total export value.

What is the total export value of nitroglycerin from India?

The total export value of nitroglycerin from India is $9.7M, recorded across 1,254 shipments from 191 active exporters to 102 countries. The average shipment value is $7.7K.

Which countries import nitroglycerin from India?

India exports nitroglycerin to 102 countries. The top importing countries are UNITED STATES (50.5%), MALAYSIA (16.3%), TRINIDAD AND TOBAGO (4.9%), PAKISTAN (4.6%), BANGLADESH (4.5%), which together account for 80.8% of total export value.

What is the HS code for nitroglycerin exports from India?

The primary HS code for nitroglycerin exports from India is 30049099. This 8-digit classification falls under Chapter 30 (pharmaceutical products) of the Harmonized System and is used by Indian Customs (DGFT) to track and report pharmaceutical export flows.

Official References & Regulatory Resources

Research Methodology & Data Transparency

Suresh Sormare

Verified Author

Pharmaceutical 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/sureshsormare

Primary 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.

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Top Nitroglycerin Exporters from India

Top Countries Importing Nitroglycerin from India

Who Supplies Nitroglycerin to India?

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Regulatory Landscape — Nitroglycerin

1FDA & US Market Regulatory Status

2EU & UK Regulatory Framework

3WHO Essential Medicines & Global Standards

4India Regulatory Classification

5Patent & Exclusivity Status

6Recent Industry Developments

Global Price Benchmark — Nitroglycerin

Supply Chain Risk Assessment — Nitroglycerin

1API Sourcing & Raw Material Dependency

2Supplier Concentration & Single-Source Risk

Access Complete Nitroglycerin Trade Intelligence

Frequently Asked Questions — Nitroglycerin Exports from India

Who are the top nitroglycerin exporters from India?

What is the total export value of nitroglycerin from India?

Which countries import nitroglycerin from India?

What is the HS code for nitroglycerin exports from India?

Official References & Regulatory Resources

Research Methodology & Data Transparency

Suresh Sormare

Primary Data Source

India Cost Advantage

3Geopolitical & Shipping Disruptions

4Risk Mitigation Recommendations

What is the average price of nitroglycerin exports from India?

Which ports handle nitroglycerin exports from India?

Why is India a leading exporter of nitroglycerin?

What certifications do Indian nitroglycerin exporters need?

How many buyers import nitroglycerin from India?

What is the market share of the top nitroglycerin exporter from India?

Analysis Methodology