HS Icon Potassic Fertilizers

3104 (Harmonized System 1992 for 4-digit)

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.

The countries with the highest import tariffs for Potassic Fertilizers are Bhutan (19.6%), Nauru (10%), Algeria (9.48%), and Jordan (9.06%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Egypt (0%), Ethiopia (0%), and Ghana (0%).

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.

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Flow
Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Jordan, $336M

Top Destination Growth (2019 - 2020): India, $108M

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).

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Market Concentration

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Cumulative market share

Value

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.

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TOP NET EXPORTER (2020): Canada, $4.81B

TOP NET IMPORTER (2020): Brazil, $2.47B

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).

Disaggregation

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Value

In 2019, 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)

Country Comparison

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Measure
Ranking

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.

Import Tariffs

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In 2018, the average tariff for importing Potassic Fertilizers was 1.63%. The countries with the highest tariffs for importing Potassic Fertilizers were Bhutan (19.6%), Nauru (10%), Algeria (9.48%), and Jordan (9.06%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Potassic Fertilizers to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.