HS Icon Ammonia

2814 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.42B, Rnk 410 / 1225

Top Exporter (2018): $1.65B, Saudi Arabia

Top Importer (2018): $1.36B, India

Product Complexity (2018): -1.28, Rnk 895 / 1018

Export Growth (CAGR)(2017 - 2018): 43.8%, Rnk 88 / 1225

Mean Tariff (2018): 4.67%, Rnk 881 / 1259

Share of World Trade (2018): 0.04%, Rnk 410 / 1225

Overview:  This page contains the latest trade data of Ammonia. In 2018, Ammonia were the world's 410th most traded product, with a total trade of $7.42B. Between 2017 and 2018 the exports of Ammonia grew by 43.8%, from  $5.16B to $7.42B. Trade in Ammonia represent 0.04% of total world trade.

Exports: In 2018 the top exporters of Ammonia  were Saudi Arabia ($1.65B), Russia ($1.23B), Trinidad and Tobago ($1.15B), Algeria ($456M), and Indonesia ($451M).

Imports: In 2018 the top importers of Ammonia were India ($1.36B), United States ($1.02B), South Korea ($547M), Belgium-Luxembourg ($349M), and Morocco ($313M).

Tariffs: In 2018 the average tariff for Ammonia was 4.67%, been the 881 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Ammonia are Bahamas (41%), Bermuda (25%), Romania (16.6%), Bulgaria (14.4%), and Tajikistan (13.1%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Ammonia ranks 895th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Saudi Arabia, $1.65B

Top Destination (2018): India, $1.36B

Ammonia are the world's 410th most traded product.

In 2018, the top exporters of Ammonia were Saudi Arabia ($1.65B), Russia ($1.23B), Trinidad and Tobago ($1.15B), Algeria ($456M), and Indonesia ($451M).

In 2018, the top importers of Ammonia were India ($1.36B), United States ($1.02B), South Korea ($547M), Belgium-Luxembourg ($349M), and Morocco ($313M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $1.19B

Top Destination Growth (2017 - 2018): India, $765M

Between 2017 and 2018, the exports of Ammonia grew the fastest in Saudi Arabia ($1.19B), Russia ($437M), Trinidad and Tobago ($185M), Egypt ($133M), and Indonesia ($128M).

Between 2017 and 2018, the fastest growing importers of Ammonia were India ($765M), Morocco ($217M), Brazil ($198M), Chinese Taipei ($170M), and South Korea ($166M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Ammonia.

In 2018,  market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Ammonia are explained by 14 countries.

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TOP NET EXPORTER (2018): Saudi Arabia, $1.65B

TOP NET IMPORTER (2018): India, $1.36B

This map shows which countries export or import more of Ammonia. Each country is colored based on the difference in exports and imports of Ammonia during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ammonia were Saudi Arabia ($1.65B), Russia ($1.23B), Trinidad and Tobago ($1.15B), Algeria ($456M), and Indonesia ($444M).

In 2018, the countries that had a largest trade value in imports than in exports of Ammonia were India ($1.36B), United States ($893M), South Korea ($528M), Belgium-Luxembourg ($324M), and China ($301M).

Trade Forecasts

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This section shows forecasts for total trade for Ammonia. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Ammonia was 4.67%.  The countries with the highest tariffs for importing Ammonia were Bahamas (41%), Bermuda (25%), Romania (16.6%), Bulgaria (14.4%), and Tajikistan (13.1%).

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Product Complexity

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Diversification Frontier

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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.