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283421 (Harmonized System 1992 for 6-digit)

2023
World Trade $948MRnk 2169 / 4644
2023
Top Exporter | Top Importer $373M | $122MChile | Spain
2023
Product Complexity -0.19Rnk 2817 / 4656
2022 - 2023
Export Growth (CAGR) -29.4%Rnk 4210 / 4644
2023
Share of World Trade 0.0042%Rnk 2169 / 4644

About

Overview This page contains the latest trade data of Potassium nitrate. In 2023, Potassium nitrate were the world's 2169th most traded product, with a total trade of $948M. Between 2022 and 2023 the exports of Potassium nitrate decreased by -29.4%, from $1.34B to $948M. Trade in Potassium nitrate represent 0.0042% of total world trade.

Potassium nitrate are a part of Nitrites and Nitrates.

Exports In 2023 the top exporters of Potassium nitrate  were Chile ($373M), Israel ($146M), Jordan ($125M), China ($71.9M), and Netherlands ($53.3M).

Imports In 2023 the top importers of Potassium nitrate were Spain ($122M), Netherlands ($118M), United States ($97.4M), Turkey ($53.7M), and South Africa ($44.6M).

Ranking Potassium nitrate ranks 2817th in the Product Complexity Index (PCI).

Description Potassium nitrate is a salt that reacts with water to form potassium hydroxide and nitric acid. Potassium nitrate can be used to produce nitric acid, which is used in the production of fertilizers, explosives, and dyes. It can also be used to produce potassium nitrite, which is used to make the pink dye called alizarin.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Potassium nitrate. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Chile$373M
Top Destination (2023)Spain$122M

In 2023 Potassium nitrate were the world's 2169th most traded product (out of 4,644).

In 2023, the top exporters of Potassium nitrate were Chile ($373M), Israel ($146M), Jordan ($125M), China ($71.9M), and Netherlands ($53.3M).

In 2023, the top importers of Potassium nitrate were Spain ($122M), Netherlands ($118M), United States ($97.4M), Turkey ($53.7M), and South Africa ($44.6M).

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Exporters of Potassium nitrate (2023)
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Importers of Potassium nitrate (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Poland$5.98M
Top Destination Growth (2022 -  2023)United Arab Emirates$17.7M

Between 2022 and 2023, the exports of Potassium nitrate grew the fastest in Poland ($5.98M), Austria ($1.51M), Denmark ($925k), India ($855k), and Italy ($436k).

Between 2022 and 2023, the fastest growing importers of Potassium nitrate were United Arab Emirates ($17.7M), India ($14.5M), Turkey ($13.5M), South Africa ($7.44M), and Poland ($2.56M).

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Exporters of Potassium nitrate (2022 - 2023)

Importers of Potassium nitrate (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Potassium nitrate.

In 2023, market concentration measured using Shannon Entropy, was 3.04. This means that most of the exports of Potassium nitrate are explained by 8 countries.

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Value of Exports in Potassium nitrate

Net Trade

TOP NET EXPORTER (2023)Chile$373M
TOP NET IMPORTER (2023)Spain$102M

This map shows which countries export or import more of Potassium nitrate. Each country is colored based on the difference in exports and imports of Potassium nitrate during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Potassium nitrate were Chile ($373M), Israel ($139M), Jordan ($125M), China ($70.6M), and Denmark ($31.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Potassium nitrate were Spain ($102M), United States ($89.1M), Netherlands ($64.8M), Turkey ($47.2M), and United Arab Emirates ($43.9M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Potassium nitrate.
It is possible to select the main countries that export or import Potassium nitrate in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Potassium nitrate by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

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