HS Icon 10 kg onClick=titleClick(0)>Potassium chloride, in packs >10 kg

310420 (Harmonized System 1992 for 6-digit)

World Trade (2018): $14.1B, Rnk 204 / 4726

Top Exporter (2018): $5.21B, Canada

Top Importer (2018): $2.81B, United States

Product Complexity (2018): -1.01, Rnk 4021 / 4873

Export Growth (CAGR)(2017 - 2018): 18.5%, Rnk 1520 / 4726

Mean Tariff (2018): 1.27%, Rnk 6343 / 6538

Share of World Trade (2018): 0.077%, Rnk 204 / 4726

Overview:  This page contains the latest trade data of Potassium chloride, in packs >10 kg. In 2018, Potassium chloride, in packs >10 kg were the world's 204th most traded product, with a total trade of $14.1B. Between 2017 and 2018 the exports of Potassium chloride, in packs >10 kg grew by 18.5%, from  $11.9B to $14.1B. Trade in Potassium chloride, in packs >10 kg represent 0.077% of total world trade.

Exports: In 2018 the top exporters of Potassium chloride, in packs >10 kg  were Canada ($5.21B), Belarus ($2.72B), Russia ($2.06B), Germany ($1.03B), and Israel ($833M).

Imports: In 2018 the top importers of Potassium chloride, in packs >10 kg were United States ($2.81B), Brazil ($2.72B), China ($1.67B), India ($1.09B), and Indonesia ($877M).

Tariffs: In 2018 the average tariff for Potassium chloride, in packs >10 kg was 1.27%, been the 6343 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Potassium chloride, in packs >10 kg are India (6.25%), Armenia (6.21%), Kazakhstan (6.21%), Kyrgyzstan (6.21%), and Belarus (6.21%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Egypt (0%), Ethiopia (0%), and Ghana (0%).

Ranking: Potassium chloride, in packs >10 kg ranks 4021st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $5.21B

Top Destination (2018): United States, $2.81B

Potassium chloride, in packs >10 kg are the world's 204th most traded product.

In 2018, the top exporters of Potassium chloride, in packs >10 kg were Canada ($5.21B), Belarus ($2.72B), Russia ($2.06B), Germany ($1.03B), and Israel ($833M).

In 2018, the top importers of Potassium chloride, in packs >10 kg were United States ($2.81B), Brazil ($2.72B), China ($1.67B), India ($1.09B), and Indonesia ($877M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Canada, $709M

Top Destination Growth (2017 - 2018): Brazil, $675M

Between 2017 and 2018, the exports of Potassium chloride, in packs >10 kg grew the fastest in Canada ($709M), United States ($651M), Belarus ($476M), Germany ($165M), and Russia ($121M).

Between 2017 and 2018, the fastest growing importers of Potassium chloride, in packs >10 kg were Brazil ($675M), United States ($430M), China ($220M), South Korea ($106M), and Indonesia ($103M).

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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 Potassium chloride, in packs >10 kg.

In 2018,  market concentration measured using Shannon Entropy, was 2.89. This means that most of the exports of Potassium chloride, in packs >10 kg are explained by 7 countries.

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TOP NET EXPORTER (2018): Canada, $5.21B

TOP NET IMPORTER (2018): Brazil, $2.71B

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

In 2018, the countries that had a largest trade value in exports than in imports of Potassium chloride, in packs >10 kg were Canada ($5.21B), Belarus ($2.72B), Russia ($2.03B), Germany ($998M), and Israel ($832M).

In 2018, the countries that had a largest trade value in imports than in exports of Potassium chloride, in packs >10 kg were Brazil ($2.71B), United States ($2.11B), China ($1.62B), India ($1.08B), and Indonesia ($877M).

Trade Forecasts

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This section shows forecasts for total trade for Potassium chloride, 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 Potassium chloride, in packs >10 kg was 1.27%.  The countries with the highest tariffs for importing Potassium chloride, in packs >10 kg were India (6.25%), Armenia (6.21%), Kazakhstan (6.21%), Kyrgyzstan (6.21%), and Belarus (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.