China’s fertilizer exports in the first half of the year increased by 36.1% year-on-year

China's fertilizer exports in the first half of the year increased by 36.1% year-on-year

The latest statistics released by the National Customs show that in June, China exported 3.39 million tons of chemical fertilizers, a year-on-year increase of 48% and a month-on-month decrease of 7.6%. In the first half of this year, China exported 16.24 million tons of chemical fertilizers, a year-on-year increase of 36.1%; the cumulative export value was US$5.15 billion, a year-on-year increase of 94.2%.

Looking at the fertilizer exports in the first half of this year, there are mainly three characteristics:

One is that ammonium sulfate continues to maintain its “dominant” position. Ammonium sulfate is a small fertilizer species in China, but it is a large fertilizer species in terms of export. In recent years, it has been the fertilizer species with the largest export volume. In the first half of this year, China exported 4.58 million tons of ammonium sulfate, an increase of 28% year-on-year. Of all fertilizer exports, nearly 30% of the exports were ammonium sulfate.

Second, the export of ammonium phosphate increased sharply in the second quarter. Due to strong international demand, the export volume of diammonium phosphate exceeded 900,000 tons in May and June for two consecutive months, and the export volume of mono ammonium phosphate in June also reached 570,000 tons, setting a new monthly export volume in the past two years. In the first half of this year, China exported a total of 1.9 million tons of monoammonium phosphate, a year-on-year increase of 53.3%; cumulative exports of diammonium phosphate was 3.22 million tons, a year-on-year increase of 58.4%.

The third is that the export of urea is out of the trough. Thanks to India’s continuous urea bidding, China exported 2.42 million tons of urea in the first half of this year, an increase of 40.9% year-on-year, reversing the sluggish urea export situation for many years.

In terms of imports, China imported 610,000 tons of chemical fertilizers in June, down 6.2% year-on-year, and down 9% month-on-month; in the first half of the year, the total amount of chemical fertilizers was 5.3 million tons, up 8.8% year-on-year; cumulative imports amounted to US$1.41 billion, down 2.8% year-on-year. The number one import volume is potassium chloride. The total import volume in the first half of this year was 4.53 million tons, a year-on-year increase of 17.3%. The second largest import volume is nitrogen, phosphorus and potassium ternary compound fertilizer. In the first half of this year, a total of 640,000 tons were imported, a year-on-year decrease of 11%.