China's urea&synthetic ammonia import and export data in June 2023

June 12, 2024, 9:21 AM

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In June 2023, China's urea exports rose to 223,900 tons, up 20.31% year-on-year and 22.42% month-on-month, with an average export price of $378.13/ton. Cumulative urea exports from January to June reached 1.0095 million tons, a 39.41% increase year-on-year. Urea imports dropped to 43.24 tons in June, down 30.89% annually but up 156.77% monthly, at an average price of $1,677.25/ton. Top urea export destinations were Vietnam (17%), Myanmar (13%), and South Korea (12%). Meanwhile, synthetic ammonia imports reached 74,100 tons in June, up 64.30% annually but down 27.71% monthly, averaging $329.75/ton. Exports of synthetic ammonia fell sharply to 0.15 million tons, down 81.64% year-on-year and 40.00% month-on-month, priced at $687.49/ton. From January to June, synthetic ammonia exports totaled 134,700 tons, surging 706.59% year-on-year, while imports reached 390,500 tons, significantly higher than the previous year. Major ammonia import sources were Saudi Arabia (58.2%) and Indonesia (41.7%

According to customs data, in June 2023, China's urea exports of 223,900 tons, an increase of 20.31% year-on-year, up 22.42% month-on-month, and the average export price this month was $378.13 / ton. From January to June 2023, the cumulative export volume was 100.95 million tons, an increase of 285,400 tons from last year, up 39.41%.

According to customs data, in June 2023, China's urea imports of 43.24 tons, down 30.89% year-on-year, an increase of 156.77% month-on-month, the average price of imports this month was $1,677.25 / ton. From January to June 2023, the cumulative total import of 2114.06 tons, an increase of 247.99 tons from last year, an increase of 13.29%.

In June 2023, the top three countries in China's urea exports: Vietnam, Myanmar and South Korea, respectively, accounted for 17%, 13% and 12% of the total export volume.

According to customs data, in June 2023, China's synthetic ammonia imports of 74,100 tons, an increase of 64.30%, down 27.71% from the previous month, the average import price of 329.75 US dollars/ton.

According to customs data, in June 2023, China's exports of synthetic ammonia were 0.15 million tons, down 81.64% year-on-year, a decrease of 40.00% from the previous month, and the average monthly export price was 687.49 US dollars/ton. From January to June 2023, the cumulative export volume of 134,700 tons, an increase of 11,800 tons from last year, an increase of 706.59%. From January to June 2023, the cumulative total import of 390,500 tons, an increase of 245,400 tons from last year.

In June 2023, the main import countries of China's synthetic ammonia are Saudi Arabia and Indonesia, accounting for 58.2% and 41.7% of the total export volume respectively; In June, China's largest ammonia export country is still Vietnam, accounting for 86.62% of the total export volume.