HS Icon 10 kg onClick=titleClick(0)>Urea, including aqueous solution in packs >10 kg

310210 (Harmonized System 1992 for 6-digit)

World Trade (2018): $12.9B, Rnk 222 / 4726

Top Exporter (2018): $1.61B, Russia

Top Importer (2018): $1.53B, Brazil

Product Complexity (2018): -1.48, Rnk 4447 / 4873

Export Growth (CAGR)(2017 - 2018): 19.9%, Rnk 1386 / 4726

Mean Tariff (2018): 4.99%, Rnk 4146 / 6538

Share of World Trade (2018): 0.07%, Rnk 222 / 4726

Overview:  This page contains the latest trade data of Urea, including aqueous solution in packs >10 kg. In 2018, Urea, including aqueous solution in packs >10 kg were the world's 222nd most traded product, with a total trade of $12.9B. Between 2017 and 2018 the exports of Urea, including aqueous solution in packs >10 kg grew by 19.9%, from  $10.8B to $12.9B. Trade in Urea, including aqueous solution in packs >10 kg represent 0.07% of total world trade.

Exports: In 2018 the top exporters of Urea, including aqueous solution in packs >10 kg  were Russia ($1.61B), Egypt ($1.28B), Qatar ($1.25B), Saudi Arabia ($1.2B), and China ($828M).

Imports: In 2018 the top importers of Urea, including aqueous solution in packs >10 kg were Brazil ($1.53B), United States ($1.49B), India ($1.46B), Thailand ($658M), and Turkey ($547M).

Tariffs: In 2018 the average tariff for Urea, including aqueous solution in packs >10 kg was 4.99%, been the 4146 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Urea, including aqueous solution in packs >10 kg are China (26.8%), Zimbabwe (22.8%), Bulgaria (21.4%), Algeria (13.3%), and Hungary (10%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Egypt (0%), Ethiopia (0%), and Ghana (0%).

Ranking: Urea, including aqueous solution in packs >10 kg ranks 4447th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Russia, $1.61B

Top Destination (2018): Brazil, $1.53B

Urea, including aqueous solution in packs >10 kg are the world's 222nd most traded product.

In 2018, the top exporters of Urea, including aqueous solution in packs >10 kg were Russia ($1.61B), Egypt ($1.28B), Qatar ($1.25B), Saudi Arabia ($1.2B), and China ($828M).

In 2018, the top importers of Urea, including aqueous solution in packs >10 kg were Brazil ($1.53B), United States ($1.49B), India ($1.46B), Thailand ($658M), and Turkey ($547M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $629M

Top Destination Growth (2017 - 2018): Thailand, $460M

Between 2017 and 2018, the exports of Urea, including aqueous solution in packs >10 kg grew the fastest in Saudi Arabia ($629M), Algeria ($489M), Russia ($295M), Qatar ($257M), and Egypt ($226M).

Between 2017 and 2018, the fastest growing importers of Urea, including aqueous solution in packs >10 kg were Thailand ($460M), Brazil ($309M), India ($283M), Bangladesh ($216M), and Finland ($165M).

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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 Urea, including aqueous solution in packs >10 kg.

In 2018,  market concentration measured using Shannon Entropy, was 4.57. This means that most of the exports of Urea, including aqueous solution in packs >10 kg are explained by 23 countries.

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TOP NET EXPORTER (2018): Russia, $1.61B

TOP NET IMPORTER (2018): Brazil, $1.52B

This map shows which countries export or import more of Urea, including aqueous solution in packs >10 kg. Each country is colored based on the difference in exports and imports of Urea, including aqueous solution in packs >10 kg during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Urea, including aqueous solution in packs >10 kg were Russia ($1.61B), Egypt ($1.28B), Qatar ($1.25B), Saudi Arabia ($1.2B), and Algeria ($785M).

In 2018, the countries that had a largest trade value in imports than in exports of Urea, including aqueous solution in packs >10 kg were Brazil ($1.52B), India ($1.41B), United States ($1.25B), Thailand ($569M), and Turkey ($543M).

Trade Forecasts

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This section shows forecasts for total trade for Urea, including aqueous solution in packs >10 kg. 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 Urea, including aqueous solution in packs >10 kg was 4.99%.  The countries with the highest tariffs for importing Urea, including aqueous solution in packs >10 kg were China (26.8%), Zimbabwe (22.8%), Bulgaria (21.4%), Algeria (13.3%), and Hungary (10%).

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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.