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March 2024 China Phosphate Fertilizer Import and Export Data

June 12, 2024, 9:21 AM
Feidoodoo
1012
This report summarizes the import and export data for monoammonium phosphate (MAP) and diammonium phosphate (DAP) in China for March 2024, based on customs records. Both fertilizers experienced significant fluctuations in trade volumes compared to previous periods. MAP exports plummeted by nearly 100% YoY, whereas imports surged by a similar margin, suggesting major shifts in market dynamics. DAP also saw drastic declines in exports and minimal imports, indicating a potential decrease in global demand or shifts in domestic production strategies. The primary export destinations included India for MAP and Thailand, India, and Japan for DAP, underscoring China's strategic trade partnerships in the fertilizer sector.