HS Icon Phosphatic Fertilizers

3103 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.88B, Rnk 756 / 1225

Top Exporter (2018): $494M, China

Top Importer (2018): $431M, Brazil

Product Complexity (2018): -1.19, Rnk 871 / 1018

Export Growth (CAGR)(2017 - 2018): 20.1%, Rnk 332 / 1225

Mean Tariff (2018): 2.42%, Rnk 1185 / 1259

Share of World Trade (2018): 0.01%, Rnk 756 / 1225

Overview: In 2018, Phosphatic Fertilizers were the world's 756th most traded product, with a total trade of $1.88B. Between 2017 and 2018 the exports of Phosphatic Fertilizers grew by 20.1%, from  $1.56B to $1.88B. Trade in Phosphatic Fertilizers represent 0.01% of total world trade.

Exports: In 2018 the top exporters of Phosphatic Fertilizers  were China ($494M), Morocco ($368M), Israel ($257M), Egypt ($187M), and Netherlands ($76.3M).

Imports: In 2018 the top importers of Phosphatic Fertilizers were Brazil ($431M), Indonesia ($274M), United States ($168M), France ($107M), and Bangladesh ($98.6M).

Tariffs: In 2018 the average tariff for Phosphatic Fertilizers was 2.42%, been the 1185 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Phosphatic Fertilizers are Algeria (12.9%), Uzbekistan (9.58%), Romania (8.58%), Bulgaria (8.24%), and Israel (6.81%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Egypt (0%), Ethiopia (0%), and Ghana (0%).

Ranking: Phosphatic Fertilizers ranks 871st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $494M

Top Destination (2018): Brazil, $431M

Phosphatic Fertilizers are the world's 756th most traded product.

In 2018, the top exporters of Phosphatic Fertilizers were China ($494M), Morocco ($368M), Israel ($257M), Egypt ($187M), and Netherlands ($76.3M).

In 2018, the top importers of Phosphatic Fertilizers were Brazil ($431M), Indonesia ($274M), United States ($168M), France ($107M), and Bangladesh ($98.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Morocco, $131M

Top Destination Growth (2017 - 2018): Brazil, $196M

Between 2017 and 2018, the exports of Phosphatic Fertilizers grew the fastest in Morocco ($131M), Egypt ($98M), China ($49.6M), Mexico ($37.5M), and Israel ($25.6M).

Between 2017 and 2018, the fastest growing importers of Phosphatic Fertilizers were Brazil ($196M), United States ($72M), Bangladesh ($46.4M), France ($29.3M), and Ukraine ($26.9M).

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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 Phosphatic Fertilizers.

In 2018,  market concentration measured using Shannon Entropy, was 3.61. This means that most of the exports of Phosphatic Fertilizers are explained by 12 countries.

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TOP NET EXPORTER (2018): China, $485M

TOP NET IMPORTER (2018): Brazil, $427M

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

In 2018, the countries that had a largest trade value in exports than in imports of Phosphatic Fertilizers were China ($485M), Morocco ($363M), Israel ($257M), Egypt ($187M), and Mexico ($73.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Phosphatic Fertilizers were Brazil ($427M), Indonesia ($268M), United States ($147M), France ($103M), and Bangladesh ($98.6M).

Trade Forecasts

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This section shows forecasts for total trade for Phosphatic 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 Phosphatic Fertilizers was 2.42%.  The countries with the highest tariffs for importing Phosphatic Fertilizers were Algeria (12.9%), Uzbekistan (9.58%), Romania (8.58%), Bulgaria (8.24%), and Israel (6.81%).

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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.