Fertilizer export from Russia grows in volume but shrinks in value

According to the Federal State Statistics Service, in January-July this year, Russia exported 7.9 million tons of nitrogen fertilizers to the world market, which is particularly the same volumes compared to the same period of 2019.

Export of potassium fertilizers rose by 4.2% to 5 million tons, complex fertilizers by 1.7% to 6.1 million tons, while the export of ammonia fell by 3.8% to 2.6 million tons.

In monetary terms, sales of nitrogen fertilizers to the world market decreased by 12.5% to $1.4 billion, potassium fertilizers by 16.7% to $1 billion, and the export of complex fertilizers fell by 21% to $1.5 billion and ammonia by 32.3% to $702 million.