HS Icon Nitrogen-phosphorus-potassium fertilizers, pack >10kg

310520 (Harmonized System 1992 for 6-digit)

World Trade (2019): $6.83B, Rnk 462 / 4648

Top Exporter (2019): $1.51B, Russia

Top Importer (2019): $758M, China

Product Complexity (2019): -0.98, Rnk 3926 / 4826

Export Growth (CAGR)(2018 - 2019): 0.73%, Rnk 1367 / 4648

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

Share of World Trade (2019): 0.038%, Rnk 462 / 4648

Overview:  This page contains the latest trade data of Nitrogen-phosphorus-potassium fertilizers, pack >10kg. In 2019, Nitrogen-phosphorus-potassium fertilizers, pack >10kg were the world's 462nd most traded product, with a total trade of $6.83B. Between 2018 and 2019 the exports of Nitrogen-phosphorus-potassium fertilizers, pack >10kg grew by 0.73%, from  $6.78B to $6.83B. Trade in Nitrogen-phosphorus-potassium fertilizers, pack >10kg represent 0.038% of total world trade.

Exports: In 2019 the top exporters of Nitrogen-phosphorus-potassium fertilizers, pack >10kg  were Russia ($1.51B), Norway ($747M), Belgium ($633M), China ($354M), and Finland ($332M).

Imports: In 2019 the top importers of Nitrogen-phosphorus-potassium fertilizers, pack >10kg were China ($758M), Ukraine ($491M), Brazil ($393M), Spain ($235M), and Poland ($203M).

Tariffs: In 2018 the average tariff for Nitrogen-phosphorus-potassium fertilizers, pack >10kg was 4.5%, making it the 4519th 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 3926th in the Product Complexity Index (PCI).

Description: Nitrogen (N) fertilizers are the most commonly used fertilizer. It is important for obtaining optimum plant growth and ensuring the soil has sufficient nitrogen. Fertilizers that have high levels of nitrogen can be used to produce rapid plant growth. Phosphorus (P) is also a key nutrient in plant growth, and is important for strong root development. It is also important for flowering and fruit production. Potassium (K) is necessary for plant development. It is important for leaves, flowers, stems, fruit, and seed production.

Exporters and Importers

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Trade By Country

Top Origin (2019): Russia, $1.51B

Top Destination (2019): China, $758M

Nitrogen-phosphorus-potassium fertilizers, pack >10kg are the world's 462nd most traded product.

In 2019, the top exporters of Nitrogen-phosphorus-potassium fertilizers, pack >10kg were Russia ($1.51B), Norway ($747M), Belgium ($633M), China ($354M), and Finland ($332M).

In 2019, the top importers of Nitrogen-phosphorus-potassium fertilizers, pack >10kg were China ($758M), Ukraine ($491M), Brazil ($393M), Spain ($235M), and Poland ($203M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $184M

Top Destination Growth (2018 - 2019): Myanmar, $74.3M

Between 2018 and 2019, the exports of Nitrogen-phosphorus-potassium fertilizers, pack >10kg grew the fastest in China ($184M), Poland ($53.8M), Lithuania ($37.5M), Serbia ($23.1M), and Austria ($22.3M).

Between 2018 and 2019, the fastest growing importers of Nitrogen-phosphorus-potassium fertilizers, pack >10kg were Myanmar ($74.3M), Zambia ($44.3M), Mozambique ($39M), Germany ($38.6M), and Brazil ($38.5M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.57. This means that most of the exports of Nitrogen-phosphorus-potassium fertilizers, pack >10kg are explained by 23 countries.

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TOP NET EXPORTER (2019): Russia, $1.49B

TOP NET IMPORTER (2019): Ukraine, $491M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Nitrogen-phosphorus-potassium fertilizers, pack >10kg were Russia ($1.49B), Norway ($730M), Belgium ($527M), Finland ($304M), and Belarus ($278M).

In 2019, the countries that had a largest trade value in imports than in exports of Nitrogen-phosphorus-potassium fertilizers, pack >10kg were Ukraine ($491M), China ($404M), Brazil ($331M), Thailand ($155M), and India ($154M).

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.