HS Icon 10kg onClick=titleClick(0)>Nitrogen-phosphorus-potassium fertilizers, pack >10kg

310520 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.65B, Rnk 492 / 4726

Top Exporter (2018): $1.58B, Russia

Top Importer (2018): $739M, China

Product Complexity (2018): -0.87, Rnk 3846 / 4873

Export Growth (CAGR)(2017 - 2018): 15.6%, Rnk 1829 / 4726

Mean Tariff (2018): 4.5%, Rnk 4519 / 6538

Share of World Trade (2018): 0.036%, Rnk 492 / 4726

Overview:  This page contains the latest trade data of Nitrogen-phosphorus-potassium fertilizers, pack >10kg. In 2018, Nitrogen-phosphorus-potassium fertilizers, pack >10kg were the world's 492nd most traded product, with a total trade of $6.65B. Between 2017 and 2018 the exports of Nitrogen-phosphorus-potassium fertilizers, pack >10kg grew by 15.6%, from  $5.76B to $6.65B. Trade in Nitrogen-phosphorus-potassium fertilizers, pack >10kg represent 0.036% of total world trade.

Exports: In 2018 the top exporters of Nitrogen-phosphorus-potassium fertilizers, pack >10kg  were Russia ($1.58B), Norway ($734M), Belgium-Luxembourg ($640M), Finland ($393M), and Netherlands ($308M).

Imports: In 2018 the top importers of Nitrogen-phosphorus-potassium fertilizers, pack >10kg were China ($739M), Ukraine ($460M), Brazil ($354M), Spain ($247M), and Poland ($223M).

Tariffs: In 2018 the average tariff for Nitrogen-phosphorus-potassium fertilizers, pack >10kg was 4.5%, been the 4519 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Nitrogen-phosphorus-potassium fertilizers, pack >10kg are China (26.9%), Zimbabwe (22.8%), Cuba (16.2%), Iran (15%), and Algeria (13.3%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Ethiopia (0%), Ghana (0%), and Kenya (0%).

Ranking: Nitrogen-phosphorus-potassium fertilizers, pack >10kg ranks 3846th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Russia, $1.58B

Top Destination (2018): China, $739M

Nitrogen-phosphorus-potassium fertilizers, pack >10kg are the world's 492nd most traded product.

In 2018, the top exporters of Nitrogen-phosphorus-potassium fertilizers, pack >10kg were Russia ($1.58B), Norway ($734M), Belgium-Luxembourg ($640M), Finland ($393M), and Netherlands ($308M).

In 2018, the top importers of Nitrogen-phosphorus-potassium fertilizers, pack >10kg were China ($739M), Ukraine ($460M), Brazil ($354M), Spain ($247M), and Poland ($223M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Norway, $181M

Top Destination Growth (2017 - 2018): China, $170M

Between 2017 and 2018, the exports of Nitrogen-phosphorus-potassium fertilizers, pack >10kg grew the fastest in Norway ($181M), Morocco ($147M), Belgium-Luxembourg ($123M), Russia ($84M), and China ($67.5M).

Between 2017 and 2018, the fastest growing importers of Nitrogen-phosphorus-potassium fertilizers, pack >10kg were China ($170M), Thailand ($140M), India ($98.1M), Brazil ($90.4M), and Romania ($61.4M).

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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 Nitrogen-phosphorus-potassium fertilizers, pack >10kg.

In 2018,  market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Nitrogen-phosphorus-potassium fertilizers, pack >10kg are explained by 22 countries.

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TOP NET EXPORTER (2018): Russia, $1.57B

TOP NET IMPORTER (2018): China, $584M

This map shows which countries export or import more of Nitrogen-phosphorus-potassium fertilizers, pack >10kg. Each country is colored based on the difference in exports and imports of Nitrogen-phosphorus-potassium fertilizers, pack >10kg during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Nitrogen-phosphorus-potassium fertilizers, pack >10kg were Russia ($1.57B), Norway ($720M), Belgium-Luxembourg ($548M), Finland ($347M), and Belarus ($262M).

In 2018, the countries that had a largest trade value in imports than in exports of Nitrogen-phosphorus-potassium fertilizers, pack >10kg were China ($584M), Ukraine ($459M), Brazil ($246M), Thailand ($150M), and Paraguay ($133M).

Trade Forecasts

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This section shows forecasts for total trade for Nitrogen-phosphorus-potassium fertilizers, pack >10kg. 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 Nitrogen-phosphorus-potassium fertilizers, pack >10kg was 4.5%.  The countries with the highest tariffs for importing Nitrogen-phosphorus-potassium fertilizers, pack >10kg were China (26.9%), Zimbabwe (22.8%), Cuba (16.2%), Iran (15%), and Algeria (13.3%).

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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.