According to the Ministry of Finance, China has adjusted some import and export tariffs since January 1, 2019. highlighting the exemption of export tariffs on NPK compound fertilizers and potassium fertilizers.

This tariff adjustment is a major positive for NPK compound fertilizer and potash fertilizer. The elimination of export tariffs on potash (including potassium-containing fertilizers) will increase the international competitiveness of domestically produced Potassium Sulfate and Potassium Nitrate.

The NPK compound fertilizer is exempted from 100 yuan per ton to zero,which is expected to further promote the export of domestic compound fertilizer.This is a great significance for Chinese compound fertilizer enterprises to export products, technologies, services and brands.