HS Icon Mixed Mineral or Chemical Fertilizers

3105 (Harmonized System 1992 for 4-digit)

World Trade (2018): $24.6B, Rnk 156 / 1225

Top Exporter (2018): $4.79B, China

Top Importer (2018): $2.93B, India

Product Complexity (2018): -1.01, Rnk 821 / 1018

Export Growth (CAGR)(2017 - 2018): 24.3%, Rnk 243 / 1225

Mean Tariff (2018): 3.46%, Rnk 1085 / 1259

Share of World Trade (2018): 0.13%, Rnk 156 / 1225

Overview:  This page contains the latest trade data of Mixed Mineral or Chemical Fertilizers. In 2018, Mixed Mineral or Chemical Fertilizers were the world's 156th most traded product, with a total trade of $24.6B. Between 2017 and 2018 the exports of Mixed Mineral or Chemical Fertilizers grew by 24.3%, from  $19.8B to $24.6B. Trade in Mixed Mineral or Chemical Fertilizers represent 0.13% of total world trade.

Exports: In 2018 the top exporters of Mixed Mineral or Chemical Fertilizers  were China ($4.79B), Russia ($3.64B), Morocco ($2.86B), United States ($2.31B), and Saudi Arabia ($1.39B).

Imports: In 2018 the top importers of Mixed Mineral or Chemical Fertilizers were India ($2.93B), Brazil ($2.56B), United States ($1.53B), China ($1.05B), and Pakistan ($815M).

Tariffs: In 2018 the average tariff for Mixed Mineral or Chemical Fertilizers was 3.46%, been the 1085 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Mixed Mineral or Chemical Fertilizers are Algeria (11.8%), China (11.1%), Uzbekistan (9.58%), Romania (8.59%), and Iran (8%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Ethiopia (0%), Kenya (0%), and Madagascar (0%).

Ranking: Mixed Mineral or Chemical Fertilizers ranks 821st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $4.79B

Top Destination (2018): India, $2.93B

Mixed Mineral or Chemical Fertilizers are the world's 156th most traded product.

In 2018, the top exporters of Mixed Mineral or Chemical Fertilizers were China ($4.79B), Russia ($3.64B), Morocco ($2.86B), United States ($2.31B), and Saudi Arabia ($1.39B).

In 2018, the top importers of Mixed Mineral or Chemical Fertilizers were India ($2.93B), Brazil ($2.56B), United States ($1.53B), China ($1.05B), and Pakistan ($815M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Morocco, $1.16B

Top Destination Growth (2017 - 2018): India, $1.32B

Between 2017 and 2018, the exports of Mixed Mineral or Chemical Fertilizers grew the fastest in Morocco ($1.16B), China ($958M), Russia ($526M), Saudi Arabia ($477M), and Israel ($248M).

Between 2017 and 2018, the fastest growing importers of Mixed Mineral or Chemical Fertilizers were India ($1.32B), United States ($640M), China ($395M), Thailand ($239M), and Pakistan ($205M).

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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 Mixed Mineral or Chemical Fertilizers.

In 2018,  market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Mixed Mineral or Chemical Fertilizers are explained by 20 countries.

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TOP NET EXPORTER (2018): China, $3.74B

TOP NET IMPORTER (2018): India, $2.87B

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

In 2018, the countries that had a largest trade value in exports than in imports of Mixed Mineral or Chemical Fertilizers were China ($3.74B), Russia ($3.57B), Morocco ($2.82B), Saudi Arabia ($1.34B), and Norway ($795M).

In 2018, the countries that had a largest trade value in imports than in exports of Mixed Mineral or Chemical Fertilizers were India ($2.87B), Brazil ($2.4B), Pakistan ($815M), Canada ($712M), and Ukraine ($672M).

Trade Forecasts

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This section shows forecasts for total trade for Mixed Mineral or Chemical 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 Mixed Mineral or Chemical Fertilizers was 3.46%.  The countries with the highest tariffs for importing Mixed Mineral or Chemical Fertilizers were Algeria (11.8%), China (11.1%), Uzbekistan (9.58%), Romania (8.59%), and Iran (8%).

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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.