HS Icon Nitrogenous Fertilizers

3102 (Harmonized System 1992 for 4-digit)

World Trade (2018): $22.5B, Rnk 168 / 1225

Top Exporter (2018): $2.91B, Russia

Top Importer (2018): $2.38B, Brazil

Product Complexity (2018): -1.41, Rnk 923 / 1018

Export Growth (CAGR)(2017 - 2018): 15.7%, Rnk 486 / 1225

Mean Tariff (2018): 3.62%, Rnk 1063 / 1259

Share of World Trade (2018): 0.12%, Rnk 168 / 1225

Overview: In 2018, Nitrogenous Fertilizers were the world's 168th most traded product, with a total trade of $22.5B. Between 2017 and 2018 the exports of Nitrogenous Fertilizers grew by 15.7%, from  $19.5B to $22.5B. Trade in Nitrogenous Fertilizers represent 0.12% of total world trade.

Exports: In 2018 the top exporters of Nitrogenous Fertilizers  were Russia ($2.91B), China ($1.97B), Egypt ($1.39B), Netherlands ($1.25B), and Qatar ($1.25B).

Imports: In 2018 the top importers of Nitrogenous Fertilizers were Brazil ($2.38B), United States ($2.32B), India ($1.57B), France ($1.17B), and Turkey ($726M).

Tariffs: In 2018 the average tariff for Nitrogenous Fertilizers was 3.62%, been the 1063 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nitrogenous Fertilizers are Bulgaria (12.4%), Algeria (12.3%), Zimbabwe (10.1%), Uzbekistan (9.58%), and Hungary (9.24%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Ethiopia (0%), Ghana (0%), and Kenya (0%).

Ranking: Nitrogenous Fertilizers ranks 923rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Russia, $2.91B

Top Destination (2018): Brazil, $2.38B

Nitrogenous Fertilizers are the world's 168th most traded product.

In 2018, the top exporters of Nitrogenous Fertilizers were Russia ($2.91B), China ($1.97B), Egypt ($1.39B), Netherlands ($1.25B), and Qatar ($1.25B).

In 2018, the top importers of Nitrogenous Fertilizers were Brazil ($2.38B), United States ($2.32B), India ($1.57B), France ($1.17B), and Turkey ($726M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $639M

Top Destination Growth (2017 - 2018): Thailand, $467M

Between 2017 and 2018, the exports of Nitrogenous Fertilizers grew the fastest in Saudi Arabia ($639M), Algeria ($491M), Russia ($434M), Qatar ($257M), and Egypt ($236M).

Between 2017 and 2018, the fastest growing importers of Nitrogenous Fertilizers were Thailand ($467M), Brazil ($422M), India ($252M), Bangladesh ($218M), and United States ($197M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Nitrogenous Fertilizers.

In 2018,  market concentration measured using Shannon Entropy, was 5.09. This means that most of the exports of Nitrogenous Fertilizers are explained by 33 countries.

TOP NET EXPORTER (2018): Russia, $2.9B

TOP NET IMPORTER (2018): Brazil, $2.35B

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

In 2018, the countries that had a largest trade value in exports than imports of Nitrogenous Fertilizers were Russia ($2.9B), China ($1.88B), Egypt ($1.37B), Qatar ($1.25B), and Saudi Arabia ($1.19B).

In 2018, the countries that had a largest trade value in imports than exports of Nitrogenous Fertilizers were Brazil ($2.35B), United States ($1.56B), India ($1.51B), France ($927M), and Australia ($625M).

Trade Forecasts

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This section shows forecasts for total trade for Nitrogenous 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 Nitrogenous Fertilizers was 3.62%.  The countries with the highest tariffs for importing Nitrogenous Fertilizers were Bulgaria (12.4%), Algeria (12.3%), Zimbabwe (10.1%), Uzbekistan (9.58%), and Hungary (9.24%).

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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.