HS Icon Animal or Vegetable Fertilizers

3101 (Harmonized System 1992 for 4-digit)

World Trade (2018): $844M, Rnk 946 / 1225

Top Exporter (2018): $125M, Italy

Top Importer (2018): $74.3M, United States

Product Complexity (2018): -0.59, Rnk 726 / 1018

Export Growth (CAGR)(2017 - 2018): 20.1%, Rnk 333 / 1225

Mean Tariff (2018): 2.12%, Rnk 1222 / 1259

Share of World Trade (2018): 0.0046%, Rnk 946 / 1225

Overview:  This page contains the latest trade data of Animal or Vegetable Fertilizers. In 2018, Animal or Vegetable Fertilizers were the world's 946th most traded product, with a total trade of $844M. Between 2017 and 2018 the exports of Animal or Vegetable Fertilizers grew by 20.1%, from  $703M to $844M. Trade in Animal or Vegetable Fertilizers represent 0.0046% of total world trade.

Exports: In 2018 the top exporters of Animal or Vegetable Fertilizers  were Italy ($125M), Netherlands ($124M), Belgium-Luxembourg ($92.7M), Spain ($53.5M), and United States ($39.5M).

Imports: In 2018 the top importers of Animal or Vegetable Fertilizers were United States ($74.3M), France ($65.1M), Netherlands ($52.7M), Italy ($44.1M), and Vietnam ($43.4M).

Tariffs: In 2018 the average tariff for Animal or Vegetable Fertilizers was 2.12%, been the 1222 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Animal or Vegetable Fertilizers are Algeria (12.8%), Uzbekistan (9.58%), Romania (8.58%), India (6.27%), and Armenia (6.21%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Ethiopia (0%), Ghana (0%), and Kenya (0%).

Ranking: Animal or Vegetable Fertilizers ranks 726th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $125M

Top Destination (2018): United States, $74.3M

Animal or Vegetable Fertilizers are the world's 946th most traded product.

In 2018, the top exporters of Animal or Vegetable Fertilizers were Italy ($125M), Netherlands ($124M), Belgium-Luxembourg ($92.7M), Spain ($53.5M), and United States ($39.5M).

In 2018, the top importers of Animal or Vegetable Fertilizers were United States ($74.3M), France ($65.1M), Netherlands ($52.7M), Italy ($44.1M), and Vietnam ($43.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $29.8M

Top Destination Growth (2017 - 2018): United States, $73.8M

Between 2017 and 2018, the exports of Animal or Vegetable Fertilizers grew the fastest in United States ($29.8M), Netherlands ($28.9M), Italy ($23M), Canada ($20.3M), and Belgium-Luxembourg ($18.4M).

Between 2017 and 2018, the fastest growing importers of Animal or Vegetable Fertilizers were United States ($73.8M), France ($14.4M), Mexico ($7.13M), Canada ($7.05M), and Italy ($5.67M).

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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 Animal or Vegetable Fertilizers.

In 2018,  market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Animal or Vegetable Fertilizers are explained by 24 countries.

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TOP NET EXPORTER (2018): Italy, $80.7M

TOP NET IMPORTER (2018): Vietnam, $40.7M

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

In 2018, the countries that had a largest trade value in exports than in imports of Animal or Vegetable Fertilizers were Italy ($80.7M), Netherlands ($71.1M), Belgium-Luxembourg ($71.1M), Canada ($27.8M), and Ireland ($19.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Animal or Vegetable Fertilizers were Vietnam ($40.7M), United States ($34.8M), France ($29.9M), Portugal ($18.8M), and Poland ($18M).

Trade Forecasts

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This section shows forecasts for total trade for Animal or Vegetable Fertilizers. 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 Animal or Vegetable Fertilizers was 2.12%.  The countries with the highest tariffs for importing Animal or Vegetable Fertilizers were Algeria (12.8%), Uzbekistan (9.58%), Romania (8.58%), India (6.27%), and Armenia (6.21%).

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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.