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2023
Exports $562MWorld Rnk 8 / 128
Flag Rnk 338 / 1217
2023
Destination $94.8M South Korea
2022 - 2023
FASTEST GROWING MARKET $94.8MSouth Korea
2023
PRODUCT COMPLEXITY IN Potassic Fertilizers-1.12Rnk 857 / 1025
2023
Imports $4.28BWorld Rnk 3 / 191
Flag Rnk 132 / 1215
2023
Origin $2.09M Canada
2022 - 2023
FASTEST GROWING ORIGIN $2.09MChinese Taipei
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $562M in Potassic Fertilizers, making it the 8th largest exporter of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 338th most exported product in United States. The main destination of Potassic Fertilizers exports from United States are: South Korea ($109M), China ($91.3M), Canada ($50.8M), Malaysia ($44.3M), and Colombia ($43.3M).

The fastest growing export markets for Potassic Fertilizers of United States between 2022 and 2023 were South Korea ($94.8M), Malaysia ($26.2M), and Japan ($5.16M).

Imports In 2023, United States imported $4.28B in Potassic Fertilizers, becoming the 3rd largest importer of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 132nd most imported product in United States. United States imports Potassic Fertilizers primarily from: Canada ($3.66B), Russia ($388M), Israel ($120M), Germany ($63.8M), and India ($13.4M).

The fastest growing import markets in Potassic Fertilizers for United States between 2022 and 2023 were Chinese Taipei ($2.09M), Belgium ($1.78M), and Egypt ($284k).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (14), JBS Foods (7), and NOURYON FUNCTIONAL CHEMICALS LLC (4) were at the forefront of shipping Potassic Fertilizers to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Potassic Fertilizers exports accounted up to $140M and imports accounted up to $280M, resulting in a negative trade balance of $139M. Between November 2023 and November 2024 the exports of United States'   Potassic Fertilizers have increased by $58M (70.6%) from $82.2M to $140M, while imports decreased by $-18.7M (-6.28%) from $298M to $280M.

Destinations In November 2024, Potassic Fertilizers were exported mostly to China ($51.5M), Brazil ($26.9M), Australia ($22.8M), South Korea ($7.59M), and Canada ($5.09M), and were imported mostly from Canada ($247M), Russia ($15.3M), Germany ($11.8M), Israel ($4.91M), and India ($332k).

Growth In November 2024, the increase in Potassic Fertilizers's year-by-year exports was explained primarily by an increase in exports to Brazil ($30.8M or 125%), China ($5.6M or 22.1%), and Colombia ($5.35M or 82.7%). In November 2024, the decrease in Potassic Fertilizers's year-by-year imports was explained primarily by a decrease in imports from Russia ($-62.3M or -76.4%), Israel ($-5.03M or -10.9%), and Australia ($-55.2k or -39.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$58M(70.6%)
IMPORT GROWTH (November 2023 - November 2024)$-18.7M(-6.28%)
MAIN EXPORTER (November 2024)Oregon$178M
MAIN DESTINATION (November 2024)China$51.5M

This section shows Potassic Fertilizers's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Potassic Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$562M
IMPORTS (2023)$4.28B
NET TRADE (2023)-$3.72B

In 2023, United States exported $562M in Potassic Fertilizers. The main destinations of United States exports on Potassic Fertilizers were South Korea ($109M), China ($91.3M), Canada ($50.8M), Malaysia ($44.3M), and Colombia ($43.3M).

In 2023, United States imported $4.28B in Potassic Fertilizers, mainly from Canada ($3.66B), Russia ($388M), Israel ($120M), Germany ($63.8M), and India ($13.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Potassic Fertilizers EXPORT MARKETS FOR United States WERE (2022 - 2023):
South Korea$94.8M (669%)
Malaysia$26.2M (144%)
Japan$5.16M (34.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Potassic Fertilizers BY United States WERE (2022 - 2023):
Brazil-$37.7M (-56.2%)
China-$29.1M (-24.2%)
Mexico-$26.3M (-55.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Potassic Fertilizers were:
Canada $9.44B
Russia $4.3B
Belarus $2.01B
In 2023, United States's main importing competitors in Potassic Fertilizers were:
Brazil $5.65B
China $4.94B

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Trade Value of Potassic Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $53.7M
TOP IMPORT POTENTIALCanada+ $387M

Potassic Fertilizers’s highest export potential is China. With an export gap of $53.7M.   Potassic Fertilizers’s highest import potential is Canada with an import gap of $387M.

See methodology.

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