HS Icon Urea, including aqueous solution in packs >10 kg

310210 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $14B, Rnk 205 / 4648

2019
Top Exporter | Top Importer
: $1.68B | $2.58B, Russia | India

2019
Product Complexity
: -1.62, Rnk 4511 / 4826

2018 - 2019
Export Growth (CAGR)
: 3.34%, Rnk 966 / 4648

2018
Mean Tariff
: 4.99%, Rnk 4146 / 6538

 2019
Share of World Trade
: 0.077%, Rnk 205 / 4648

Overview:  This page contains the latest trade data of Urea, including aqueous solution in packs >10 kg. In 2019, Urea, including aqueous solution in packs >10 kg were the world's 205th most traded product, with a total trade of $14B. Between 2018 and 2019 the exports of Urea, including aqueous solution in packs >10 kg grew by 3.34%, from  $13.5B to $14B. Trade in Urea, including aqueous solution in packs >10 kg represent 0.077% of total world trade.

Exports: In 2019 the top exporters of Urea, including aqueous solution in packs >10 kg  were Russia ($1.68B), China ($1.53B), Egypt ($1.33B), Qatar ($1.29B), and Saudi Arabia ($1.11B).

Imports: In 2019 the top importers of Urea, including aqueous solution in packs >10 kg were India ($2.58B), Brazil ($1.5B), United States ($1.27B), Turkey ($661M), and Thailand ($594M).

Tariffs: In 2018 the average tariff for Urea, including aqueous solution in packs >10 kg was 4.99%, making it the 4146th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Urea, including aqueous solution in packs >10 kg are China (26.8%), Zimbabwe (22.8%), Bulgaria (21.4%), Algeria (13.3%), and Hungary (10%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Egypt (0%), Ethiopia (0%), and Ghana (0%).

Ranking: Urea, including aqueous solution in packs >10 kg ranks 4511th in the Product Complexity Index (PCI).

Description: Urea is a natural byproduct of protein metabolism and is excreted by the kidneys. It provides some solute for the urine, which is then diluted and voided from the body. It can also be used as a fertilizer. A 10 kg bag of urea is intended for use as a personal, non-commercial fertilizer.

Exporters and Importers

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Trade By Country

Top Origin (2019): Russia, $1.68B

Top Destination (2019): India, $2.58B

Urea, including aqueous solution in packs >10 kg are the world's 205th most traded product.

In 2019, the top exporters of Urea, including aqueous solution in packs >10 kg were Russia ($1.68B), China ($1.53B), Egypt ($1.33B), Qatar ($1.29B), and Saudi Arabia ($1.11B).

In 2019, the top importers of Urea, including aqueous solution in packs >10 kg were India ($2.58B), Brazil ($1.5B), United States ($1.27B), Turkey ($661M), and Thailand ($594M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $706M

Top Destination Growth (2018 - 2019): India, $1.12B

Between 2018 and 2019, the exports of Urea, including aqueous solution in packs >10 kg grew the fastest in China ($706M), Indonesia ($187M), Oman ($168M), Ukraine ($103M), and Malaysia ($79.1M).

Between 2018 and 2019, the fastest growing importers of Urea, including aqueous solution in packs >10 kg were India ($1.12B), Turkey ($111M), Singapore ($76.2M), Australia ($70.8M), and Estonia ($51.5M).

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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 Urea, including aqueous solution in packs >10 kg.

In 2019,  market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Urea, including aqueous solution in packs >10 kg are explained by 23 countries.

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TOP NET EXPORTER (2019): Russia, $1.68B

TOP NET IMPORTER (2019): India, $2.54B

This map shows which countries export or import more of Urea, including aqueous solution in packs >10 kg. Each country is colored based on the difference in exports and imports of Urea, including aqueous solution in packs >10 kg during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Urea, including aqueous solution in packs >10 kg were Russia ($1.68B), China ($1.49B), Egypt ($1.33B), Qatar ($1.29B), and Saudi Arabia ($1.11B).

In 2019, the countries that had a largest trade value in imports than in exports of Urea, including aqueous solution in packs >10 kg were India ($2.54B), Brazil ($1.5B), United States ($1.08B), Turkey ($643M), and Thailand ($540M).

Import Tariffs

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In 2018, the average tariff for importing Urea, including aqueous solution in packs >10 kg was 4.99%.  The countries with the highest tariffs for importing Urea, including aqueous solution in packs >10 kg were China (26.8%), Zimbabwe (22.8%), Bulgaria (21.4%), Algeria (13.3%), and Hungary (10%).

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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.