HS Icon Fertilizers with nitrogen and phosphorus nes, <=10kg

310559 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.23B, Rnk 1232 / 4726

Top Exporter (2018): $697M, United States

Top Importer (2018): $584M, Brazil

Product Complexity (2018): -0.98, Rnk 3979 / 4873

Export Growth (CAGR)(2017 - 2018): 25.1%, Rnk 1046 / 4726

Mean Tariff (2018): 3.54%, Rnk 5379 / 6538

Share of World Trade (2018): 0.012%, Rnk 1232 / 4726

Overview:  This page contains the latest trade data of Fertilizers with nitrogen and phosphorus nes, <=10kg. In 2018, Fertilizers with nitrogen and phosphorus nes, <=10kg were the world's 1232nd most traded product, with a total trade of $2.23B. Between 2017 and 2018 the exports of Fertilizers with nitrogen and phosphorus nes, <=10kg grew by 25.1%, from  $1.78B to $2.23B. Trade in Fertilizers with nitrogen and phosphorus nes, <=10kg represent 0.012% of total world trade.

Exports: In 2018 the top exporters of Fertilizers with nitrogen and phosphorus nes, <=10kg  were United States ($697M), China ($397M), Morocco ($275M), Russia ($191M), and South Korea ($94.8M).

Imports: In 2018 the top importers of Fertilizers with nitrogen and phosphorus nes, <=10kg were Brazil ($584M), Thailand ($258M), Canada ($213M), Ukraine ($108M), and Djibouti ($108M).

Tariffs: In 2018 the average tariff for Fertilizers with nitrogen and phosphorus nes, <=10kg was 3.54%, been the 5379 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Fertilizers with nitrogen and phosphorus nes, <=10kg are Algeria (12.2%), Uzbekistan (9.58%), Romania (8.58%), Bulgaria (7.77%), and Slovenia (7.05%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Ethiopia (0%), Kenya (0%), and Madagascar (0%).

Ranking: Fertilizers with nitrogen and phosphorus nes, <=10kg ranks 3979th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $697M

Top Destination (2018): Brazil, $584M

Fertilizers with nitrogen and phosphorus nes, <=10kg are the world's 1232nd most traded product.

In 2018, the top exporters of Fertilizers with nitrogen and phosphorus nes, <=10kg were United States ($697M), China ($397M), Morocco ($275M), Russia ($191M), and South Korea ($94.8M).

In 2018, the top importers of Fertilizers with nitrogen and phosphorus nes, <=10kg were Brazil ($584M), Thailand ($258M), Canada ($213M), Ukraine ($108M), and Djibouti ($108M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Morocco, $139M

Top Destination Growth (2017 - 2018): Thailand, $141M

Between 2017 and 2018, the exports of Fertilizers with nitrogen and phosphorus nes, <=10kg grew the fastest in Morocco ($139M), United States ($91.9M), Saudi Arabia ($45.7M), Kazakhstan ($44.5M), and Mozambique ($36.9M).

Between 2017 and 2018, the fastest growing importers of Fertilizers with nitrogen and phosphorus nes, <=10kg were Thailand ($141M), Djibouti ($108M), Zambia ($47.8M), Ukraine ($40.6M), and Estonia ($37.6M).

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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 Fertilizers with nitrogen and phosphorus nes, <=10kg.

In 2018,  market concentration measured using Shannon Entropy, was 3.55. This means that most of the exports of Fertilizers with nitrogen and phosphorus nes, <=10kg are explained by 11 countries.

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TOP NET EXPORTER (2018): United States, $622M

TOP NET IMPORTER (2018): Brazil, $563M

This map shows which countries export or import more of Fertilizers with nitrogen and phosphorus nes, <=10kg. Each country is colored based on the difference in exports and imports of Fertilizers with nitrogen and phosphorus nes, <=10kg during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Fertilizers with nitrogen and phosphorus nes, <=10kg were United States ($622M), China ($383M), Morocco ($271M), Russia ($170M), and South Korea ($93.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Fertilizers with nitrogen and phosphorus nes, <=10kg were Brazil ($563M), Thailand ($254M), Canada ($209M), Ukraine ($108M), and Argentina ($60.3M).

Trade Forecasts

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This section shows forecasts for total trade for Fertilizers with nitrogen and phosphorus nes, <=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 Fertilizers with nitrogen and phosphorus nes, <=10kg was 3.54%.  The countries with the highest tariffs for importing Fertilizers with nitrogen and phosphorus nes, <=10kg were Algeria (12.2%), Uzbekistan (9.58%), Romania (8.58%), Bulgaria (7.77%), and Slovenia (7.05%).

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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.