Even as global economic uncertainty drags down trade, Indian pharmaceutical exporters are seeing growth in Brazil and Nigeria as both countries are emerging as important overseas markets. Data by the commerce ministry data shows that Nigeria has been a major driver of this shift. During the first eight months of the current financial year, exports to the West African nation rose by $179 million, making it one of the fastest growing destinations for Indian drug shipments. This increase alone accounted for more than 14% of India’s total export growth in the period. Brazil has also gained prominence in India’s export map. Data for April to November FY26 shows that shipments to the South American country climbed by close to $100 million, underlining its rising importance for Indian pharmaceutical companies.
