According to China's Ministry of Commerce (MOFCOM), on November 7, MOFCOM recently formulated and announced the "2024 Total Fertilizer Import Tariff Quota, Allocation Principles and Related Procedures". It specifies that the total amount of China's fertilizer import tariff quota in 2024 is 13.65 million tons.
Details are as follows:
1. Fertilizer Import Tariff Quota
The total amount of fertilizer imports tariff quota in 2024 is 13.65 million tons. Among them, 3.3 million tons of urea; 6.9 million tons of diammonium hydrogen phosphate; and 3.45 million tons of compound fertilizer.
2. State trading and non-state trading tariff quotas
In 2024, the tariff quotas for state trading of fertilizers are 2.97 million tons of urea, 3.52 million tons of diammonium hydrogen phosphate, and 1.76 million tons of compound fertilizers. State trading enterprises Sinochem Holdings Corporation Ltd. and China National Agricultural Means of Production Group Corporation apply for tariff quotas within the total amount of state trading.
In 2024, the quotas for non-state trading of chemical fertilizers will be 330,000 tons of urea, 3.38 million tons of diammonium hydrogen phosphate and 1.69 million tons of compound fertilizers, respectively. Non-state trading enterprises apply for tariff quotas within the total amount of non-state trading.
Other enterprises choose to apply for state trading tariff quotas or non-state trading tariff quotas according to their actual import needs and will be imported by state trading enterprises or non-state trading enterprises as agents.
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