Potassic Fertilizers3104 (Harmonized System 1992 for 4-digit)
2020 World Trade: $15.1B, Rnk 222 / 1217
2020 Top Exporter | Top Importer: $4.85B | $2.51B, Canada | United States
2020 Product Complexity: -0.61, Rnk 730 / 1028
2019 - 2020 Export Growth (CAGR): -8.59%, Rnk 668 / 1217
2018 Mean Tariff: 1.63%, Rnk 1254 / 1259
2020 Share of World Trade: 0.09%, Rnk 222 / 1217
Overview This page contains the latest trade data of Potassic Fertilizers. In 2020, Potassic Fertilizers were the world's 222nd most traded product, with a total trade of $15.1B. Between 2019 and 2020 the exports of Potassic Fertilizers decreased by -8.59%, from $16.5B to $15.1B. Trade in Potassic Fertilizers represent 0.09% of total world trade.
Potassic Fertilizers are a part of Fertilizers. They include Potassium chloride, in packs >10 kg, Potassium sulphate, in packs >10 kg, Potassic fertilizers, mixes, nes, pack >10 kg, and Carnallite, sylvite, crude potassium salts nes, >10kg.
Exports In 2020 the top exporters of Potassic Fertilizers were Canada ($4.85B), Belarus ($2.44B), Russia ($2.06B), Germany ($1.23B), and Jordan ($982M).
Imports In 2020 the top importers of Potassic Fertilizers were United States ($2.51B), Brazil ($2.48B), China ($1.87B), India ($1.37B), and Indonesia ($683M).
Tariffs In 2018 the average tariff for Potassic Fertilizers was 1.63%, making it the 1254th lowest tariff using the HS4 product classification.
Ranking Potassic Fertilizers ranks 730th in the Product Complexity Index (PCI).
Description Potassic fertilisers are used in agriculture to increase soil pH and to reduce soil acidity. They are also used as a source of potassium.
The following visualization shows the latest trends on Potassic Fertilizers. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Canada, $4.85B
Top Destination (2020): United States, $2.51B
Potassic Fertilizers are the world's 222nd most traded product.
In 2020, the top exporters of Potassic Fertilizers were Canada ($4.85B), Belarus ($2.44B), Russia ($2.06B), Germany ($1.23B), and Jordan ($982M).
In 2020, the top importers of Potassic Fertilizers were United States ($2.51B), Brazil ($2.48B), China ($1.87B), India ($1.37B), and Indonesia ($683M).
Trade by country
Between 2019 and 2020, the exports of Potassic Fertilizers grew the fastest in Jordan ($336M), Estonia ($16.4M), Chile ($13.9M), United Kingdom ($10.8M), and Saudi Arabia ($10.8M).
Between 2019 and 2020, the fastest growing importers of Potassic Fertilizers were India ($108M), Nigeria ($80M), Australia ($42.5M), Mexico ($41.2M), and Poland ($40.8M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Potassic Fertilizers.
In 2020, market concentration measured using Shannon Entropy, was 3.26. This means that most of the exports of Potassic Fertilizers are explained by 9 countries.
This map shows which countries export or import more of Potassic Fertilizers. Each country is colored based on the difference in exports and imports of Potassic Fertilizers during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Potassic Fertilizers were Canada ($4.81B), Belarus ($2.44B), Russia ($2.03B), Germany ($1.17B), and Jordan ($979M).
In 2020, the countries that had a largest trade value in imports than in exports of Potassic Fertilizers were Brazil ($2.47B), China ($1.62B), United States ($1.59B), India ($1.35B), and Indonesia ($673M).
In 2020, the world most traded Potassic Fertilizers, disaggragated by their HS6 level were Potassium chloride, in packs >10 kg ($13B), Potassic fertilizers, mixes, nes, pack >10... ($1.04B), and Potassium sulphate, in packs >10 kg ($1.02B)
This visualization shows the countries that have an important ratio of their trade related to Potassic Fertilizers. It is possible to select the main countries that export or import Potassic Fertilizers in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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