HS Icon Potassic Fertilizers

3104 (Harmonized System 1992 for 4-digit)

World Trade (2018): $15.7B, Rnk 234 / 1225

Top Exporter (2018): $5.26B, Canada

Top Importer (2018): $2.86B, United States

Product Complexity (2018): -0.89, Rnk 792 / 1018

Export Growth (CAGR)(2017 - 2018): 21.2%, Rnk 307 / 1225

Mean Tariff (2018): 1.67%, Rnk 1254 / 1259

Share of World Trade (2018): 0.086%, Rnk 234 / 1225

Overview: In 2018, Potassic Fertilizers were the world's 234th most traded product, with a total trade of $15.7B. Between 2017 and 2018 the exports of Potassic Fertilizers grew by 21.2%, from  $13B to $15.7B. Trade in Potassic Fertilizers represent 0.086% of total world trade.

Exports: In 2018 the top exporters of Potassic Fertilizers  were Canada ($5.26B), Belarus ($2.75B), Russia ($2.12B), Germany ($1.33B), and Israel ($853M).

Imports: In 2018 the top importers of Potassic Fertilizers were United States ($2.86B), Brazil ($2.75B), China ($1.8B), India ($1.15B), and Indonesia ($935M).

Tariffs: In 2018 the average tariff for Potassic Fertilizers was 1.67%, been the 1254 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Potassic Fertilizers are Jordan (9.06%), Algeria (8.8%), Aruba (6%), Romania (5.72%), and India (5.53%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Egypt (0%), Ethiopia (0%), and Ghana (0%).

Ranking: Potassic Fertilizers ranks 792nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $5.26B

Top Destination (2018): United States, $2.86B

Potassic Fertilizers are the world's 234th most traded product.

In 2018, the top exporters of Potassic Fertilizers were Canada ($5.26B), Belarus ($2.75B), Russia ($2.12B), Germany ($1.33B), and Israel ($853M).

In 2018, the top importers of Potassic Fertilizers were United States ($2.86B), Brazil ($2.75B), China ($1.8B), India ($1.15B), and Indonesia ($935M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Canada, $735M

Top Destination Growth (2017 - 2018): Brazil, $673M

Between 2017 and 2018, the exports of Potassic Fertilizers grew the fastest in Canada ($735M), United States ($718M), Belarus ($481M), Jordan ($348M), and Germany ($210M).

Between 2017 and 2018, the fastest growing importers of Potassic Fertilizers were Brazil ($673M), United States ($477M), China ($318M), Indonesia ($151M), and South Korea ($108M).

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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 Potassic Fertilizers.

In 2018,  market concentration measured using Shannon Entropy, was 3.19. This means that most of the exports of Potassic Fertilizers are explained by 9 countries.

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TOP NET EXPORTER (2018): Canada, $5.22B

TOP NET IMPORTER (2018): Brazil, $2.75B

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

In 2018, the countries that had a largest trade value in exports than in imports of Potassic Fertilizers were Canada ($5.22B), Belarus ($2.75B), Russia ($2.07B), Germany ($1.29B), and Israel ($851M).

In 2018, the countries that had a largest trade value in imports than in exports of Potassic Fertilizers were Brazil ($2.75B), United States ($2.05B), China ($1.71B), India ($1.13B), and Indonesia ($924M).

Trade Forecasts

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This section shows forecasts for total trade for Potassic 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 Potassic Fertilizers was 1.67%.  The countries with the highest tariffs for importing Potassic Fertilizers were Jordan (9.06%), Algeria (8.8%), Aruba (6%), Romania (5.72%), and India (5.53%).

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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.