China's Urea Import and Export Data for August 2023

June 12, 2024, 9:21 AM

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Guide

Highlights at a glance

In August 2023, China exported 314,000 tons of urea, down 10.6% year-on-year and 2.94% month-on-month, with an average export price of $334.53 per ton. Cumulative exports from January to August reached 1.647 million tons, up 34.34% year-on-year. Imports in August totaled 9.42 tons, a sharp decline of 51.38% year-on-year and 52.6% month-on-month, at an average import price of $2,351.35 per ton. Total imports for the first eight months amounted to 2,143.35 tons, rising 11.84% year-on-year. The top five export destinations were Chile (25%), Myanmar (17%), South Korea (16%), Sri Lanka (14%), and Brazil (9%).

According to customs data, in August 2023, China exported 314,000 tons of urea, a year-on-year decrease of 10.6% and a month-on-month decrease of 2.94%, with an average export price of 334.53 USD/ton. From January to August 2023, the cumulative export volume was 1.647 million tons, an increase of 421,000 tons compared to the same period last year, representing a year-on-year increase of 34.34%.

Similarly, the customs data show that in August 2023, China imported 9.42 tons of urea, a year-on-year decrease of 51.38% and a month-on-month decrease of 52.6%, with an average import price of 2351.35 USD/ton. From January to August 2023, the cumulative import volume was 2143.35 tons, an increase of 226.91 tons compared to the same period last year, representing a year-on-year increase of 11.84%.

In August 2023, the top five countries to which China exported urea were Chile, Myanmar, South Korea, Sri Lanka, and Brazil, accounting for 25%, 17%, 16%, 14%, and 9% of the total export volume, respectively.

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