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China’s NPK Fertilizer Exports Surged But Price Declined in the First Four Months

China’s NPK Fertilizer Exports Surged But Price Declined in the First Four Months2019.05.31

NPK Import-95% Imported from Europe


According to China Customs, a total of 508,800 MT of NPK compound fertilizers have been imported by China in the first four months of 2019, which has seen a 22.27% YoY growth compared to 416,100 MT in 2018. Especially in April, the NPK import has reached 152,700 MT, rising by 243.92% from the same period of last year.


The average import price of NPK in the four months is 482.75 USD per MT, much higher than that of last year.


China's NPK Monthly Import in 2018 & 2019


(Data Source: China Customs)


From January to April, China mainly imports the NPK compound fertilizer from  European countries, accounting for more than 95% of the whole imports in the first four months of 2019. Among them, 38% of the NPK import comes from Norway with the import weight amounting to 194,400MT, followed by the Russian federation, accounting for 26% in the total imports with the imported weight at 131,800 tons, and Belgium, accounting for about 18% of the total imports, with the import weight  at 92,200 tons.


Major NPK Exporters to China in the First Four Months



(Data Source: China Customs)




NPK Export From China-Seeing a Big Leap


Thanks to the zero tariff export policy in 2019,  the NPK compound fertilizer exports from China has surged and reached to 255,100 tons in the first four months, up by 430.35% from a year earlier.


The monthly imports also have seen an obvious increase. In January, China exports 40,600 tons of NPK fertilizer, up by 1168.70% from a year earlier. In March,  NPK fertilizer exports has reached to 130,000 tons, hitting the peak record in the past decade.


China's NPK Monthly Export in 2018 & 2019


(Data Source: China Customs)




However, the average monthly export price of this year is lower than that of last year. From January to April, the average export price is 319.98 USD/ton. The average export price in April is the highest at 363.43 USD/ton, and the lowest in January is 295.11USD/ton.


From January to April 2019, China exports nearly 85% of the NPK fertilizer to the southeast Asian countries, and a small number of them are exported to Africa and Latin America. Myanmar is the largest NPK fertilizer importer from China, accounting for 43% of the total export volume with the export weight at 109,700 MT, followed by the Philippines, accounting for 29% of the total export, and Vietnam, accounting for 6% of the total export volume.


Major NPK Importers From China in the First Four Months


(Data Source: China Customs)


Although the NPK compound fertilizer has no export tariffs from 2019 and the export weight has a great leap, the export is still not large when it is compared to the large domestic production, and the export of fertilizer also are mainly limited to the southeast Asian countries. Besides, the export price does not have obvious advantages, but China is still trying to have its NPK fertilizers exported to foreign countries.

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