HS Icon Potassic Fertilizers

3104 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $16.2B, Rnk 220 / 1217

2019
Top Exporter | Top Importer
: $5.27B | $2.98B, Canada | Brazil

2019
Product Complexity
: -1.12, Rnk 804 / 961

2018 - 2019
Export Growth (CAGR)
: 1.71%, Rnk 287 / 1217

2018
Mean Tariff
: 1.67%, Rnk 1254 / 1259

 2019
Share of World Trade
: 0.089%, Rnk 220 / 1217

Overview:  This page contains the latest trade data of Potassic Fertilizers. In 2019, Potassic Fertilizers were the world's 220th most traded product, with a total trade of $16.2B. Between 2018 and 2019 the exports of Potassic Fertilizers grew by 1.71%, from  $15.9B to $16.2B. Trade in Potassic Fertilizers represent 0.089% of total world trade.

Exports: In 2019 the top exporters of Potassic Fertilizers  were Canada ($5.27B), Belarus ($2.78B), Russia ($2.44B), Germany ($1.29B), and Israel ($904M).

Imports: In 2019 the top importers of Potassic Fertilizers were Brazil ($2.98B), United States ($2.81B), China ($2.34B), India ($1.25B), and Indonesia ($716M).

Tariffs: In 2018 the average tariff for Potassic Fertilizers was 1.67%, making it the 1254th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Potassic Fertilizers are Jordan (9.06%), Algeria (8.8%), Aruba (6%), Romania (5.72%), and India (5.53%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Egypt (0%), Ethiopia (0%), and Ghana (0%).

Ranking: Potassic Fertilizers ranks 804th in the Product Complexity Index (PCI).

Description: Potassic fertilisers are used in agriculture to increase soil pH and to reduce soil acidity. They are also used as a source of potassium.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Canada, $5.27B

Top Destination (2019): Brazil, $2.98B

Potassic Fertilizers are the world's 220th most traded product.

In 2019, the top exporters of Potassic Fertilizers were Canada ($5.27B), Belarus ($2.78B), Russia ($2.44B), Germany ($1.29B), and Israel ($904M).

In 2019, the top importers of Potassic Fertilizers were Brazil ($2.98B), United States ($2.81B), China ($2.34B), India ($1.25B), and Indonesia ($716M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $305M

Top Destination Growth (2018 - 2019): China, $499M

Between 2018 and 2019, the exports of Potassic Fertilizers grew the fastest in Russia ($305M), China ($138M), Lithuania ($119M), Belarus ($27M), and Uruguay ($20.3M).

Between 2018 and 2019, the fastest growing importers of Potassic Fertilizers were China ($499M), Brazil ($222M), India ($105M), Estonia ($91.3M), and Iran ($67.6M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

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

In 2019,  market concentration measured using Shannon Entropy, was 3.23. This means that most of the exports of Potassic Fertilizers are explained by 9 countries.

Explore Visualizations

TOP NET EXPORTER (2019): Canada, $5.24B

TOP NET IMPORTER (2019): Brazil, $2.97B

This map shows which countries export or import more of Potassic Fertilizers. Each country is colored based on the difference in exports and imports of Potassic Fertilizers during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Potassic Fertilizers were Canada ($5.24B), Belarus ($2.78B), Russia ($2.39B), Germany ($1.23B), and Israel ($902M).

In 2019, the countries that had a largest trade value in imports than in exports of Potassic Fertilizers were Brazil ($2.97B), China ($2.1B), United States ($2.03B), India ($1.23B), and Indonesia ($708M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Potassic Fertilizers, disaggragated by their HS6 level were Potassium chloride, in packs >10 kg ($14.4B), Potassium sulphate, in packs >10 kg ($1.04B), and Potassic fertilizers, mixes, nes, pack >10... ($790M)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Potassic Fertilizers was 1.67%.  The countries with the highest tariffs for importing Potassic Fertilizers were Jordan (9.06%), Algeria (8.8%), Aruba (6%), Romania (5.72%), and India (5.53%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.