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283421 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.31BRnk 1889 / 4648
2022
Top Exporter | Top Importer $586M | $242MChile | Netherlands
2022
Product Complexity -0.23Rnk 2851 / 4653
2021 - 2022
Export Growth (CAGR) 46.5%Rnk 186 / 4648
2022
Share of World Trade 0.0055%Rnk 1889 / 4648

About

Overview This page contains the latest trade data of Potassium nitrate. In 2022, Potassium nitrate were the world's 1889th most traded product, with a total trade of $1.31B. Between 2021 and 2022 the exports of Potassium nitrate grew by 46.5%, from $896M to $1.31B. Trade in Potassium nitrate represent 0.0055% of total world trade.

Potassium nitrate are a part of Nitrites and Nitrates.

Exports In 2022 the top exporters of Potassium nitrate  were Chile ($586M), Israel ($187M), Netherlands ($114M), China ($98.2M), and Jordan ($97.5M).

Imports In 2022 the top importers of Potassium nitrate were Netherlands ($242M), Spain ($187M), United States ($110M), Peru ($76.4M), and Morocco ($45.6M).

Ranking Potassium nitrate ranks 2851st in the Product Complexity Index (PCI).

Description Potassium nitrate is a salt that reacts with water to form potassium hydroxide and nitric acid. Potassium nitrate can be used to produce nitric acid, which is used in the production of fertilizers, explosives, and dyes. It can also be used to produce potassium nitrite, which is used to make the pink dye called alizarin.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Potassium nitrate. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Chile$586M
Top Destination (2022)Netherlands$242M

In 2022 Potassium nitrate were the world's 1889th most traded product (out of 4,648).

In 2022, the top exporters of Potassium nitrate were Chile ($586M), Israel ($187M), Netherlands ($114M), China ($98.2M), and Jordan ($97.5M).

In 2022, the top importers of Potassium nitrate were Netherlands ($242M), Spain ($187M), United States ($110M), Peru ($76.4M), and Morocco ($45.6M).

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Exporters of Potassium nitrate (2022)
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Importers of Potassium nitrate (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Chile$228M
Top Destination Growth (2021 -  2022)Netherlands$111M

Between 2021 and 2022, the exports of Potassium nitrate grew the fastest in Chile ($228M), Israel ($84.1M), China ($62.7M), Netherlands ($15.3M), and Turkey ($11.4M).

Between 2021 and 2022, the fastest growing importers of Potassium nitrate were Netherlands ($111M), Spain ($57.2M), Peru ($52.8M), United States ($30.1M), and Morocco ($22.6M).

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Exporters of Potassium nitrate (2021 - 2022)

Importers of Potassium nitrate (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Potassium nitrate.

In 2022, market concentration measured using Shannon Entropy, was 2.92. This means that most of the exports of Potassium nitrate are explained by 7 countries.

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Value of Exports in Potassium nitrate

Net Trade

TOP NET EXPORTER (2022)Chile$584M
TOP NET IMPORTER (2022)Spain$153M

This map shows which countries export or import more of Potassium nitrate. Each country is colored based on the difference in exports and imports of Potassium nitrate during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Potassium nitrate were Chile ($584M), Israel ($178M), Jordan ($97.2M), China ($95.9M), and Denmark ($32.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Potassium nitrate were Spain ($153M), Netherlands ($127M), United States ($92.2M), Morocco ($45.5M), and Italy ($42.3M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Potassium nitrate.
It is possible to select the main countries that export or import Potassium nitrate in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Potassium nitrate by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2022)

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