HS Icon Fertilizers

31 (Harmonized System 1992 for 2-digit)

World Trade (2018): $65.6B, Rnk 45 / 96

Top Exporter (2018): $8.69B, Russia

Top Importer (2018): $8.13B, Brazil

Product Complexity (2018): -1.31, Rnk 90 / 96

Export Growth (CAGR)(2017 - 2018): 20.3%, Rnk 18 / 96

Mean Tariff (2018): 3.09%, Rnk 92 / 96

Share of World Trade (2018): 0.36%, Rnk 45 / 96

Overview: In 2018, Fertilizers were the world's 45th most traded product, with a total trade of $65.6B. Between 2017 and 2018 the exports of Fertilizers grew by 20.3%, from  $54.5B to $65.6B. Trade in Fertilizers represent 0.36% of total world trade.

Exports: In 2018 the top exporters of Fertilizers  were Russia ($8.69B), China ($7.37B), Canada ($5.84B), United States ($3.94B), and Belarus ($3.28B).

Imports: In 2018 the top importers of Fertilizers were Brazil ($8.13B), United States ($6.96B), India ($5.67B), China ($2.97B), and France ($2.06B).

Tariffs: In 2018 the average tariff for Fertilizers was 3.09%, been the 92 lowest tariff using the HS2 product classification.

The countries with the highest import tariffs for Fertilizers are Algeria (11.8%), Bulgaria (8.53%), Uzbekistan (8.08%), Romania (7.88%), and Zimbabwe (7.13%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Ethiopia (0%), Kenya (0%), and Madagascar (0%).

Ranking: Fertilizers ranks 90th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Russia, $8.69B

Top Destination (2018): Brazil, $8.13B

Fertilizers are the world's 45th most traded product.

In 2018, the top exporters of Fertilizers were Russia ($8.69B), China ($7.37B), Canada ($5.84B), United States ($3.94B), and Belarus ($3.28B).

In 2018, the top importers of Fertilizers were Brazil ($8.13B), United States ($6.96B), India ($5.67B), China ($2.97B), and France ($2.06B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Morocco, $1.28B

Top Destination Growth (2017 - 2018): India, $1.6B

Between 2017 and 2018, the exports of Fertilizers grew the fastest in Morocco ($1.28B), Saudi Arabia ($1.12B), Russia ($1.09B), China ($828M), and United States ($799M).

Between 2017 and 2018, the fastest growing importers of Fertilizers were India ($1.6B), Brazil ($1.47B), United States ($1.46B), Thailand ($800M), and China ($789M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Fertilizers.

In 2018,  market concentration measured using Shannon Entropy, was 4.96. This means that most of the exports of Fertilizers are explained by 31 countries.

TOP NET EXPORTER (2018): Russia, $8.56B

TOP NET IMPORTER (2018): Brazil, $7.94B

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

In 2018, the countries that had a largest trade value in exports than imports of Fertilizers were Russia ($8.56B), Canada ($4.55B), China ($4.4B), Belarus ($3.17B), and Morocco ($2.97B).

In 2018, the countries that had a largest trade value in imports than exports of Fertilizers were Brazil ($7.94B), India ($5.5B), United States ($3.01B), France ($1.65B), and Thailand ($1.32B).

Trade Forecasts

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This section shows forecasts for total trade for 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 Fertilizers was 3.09%.  The countries with the highest tariffs for importing Fertilizers were Algeria (11.8%), Bulgaria (8.53%), Uzbekistan (8.08%), Romania (7.88%), and Zimbabwe (7.13%).

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