The share of nitrogen fertilizers in the export basket increased by 251%. Fertilizers from Georgia are currently exported to 16 countries around the world.
Peru ranks first among the export markets of nitrogen fertilizers. The Latin American country did not make the list last year. USD 60.8 million worth of fertilizer were exported abroad. Romania is in second place. Ukraine is in the top three - with USD13 million.
Export of nitrogen fertilizer / 4 months of 2022
1. Peru - USD 60.88 million
2. Romania - USD 14.4 million
3. Ukraine – USD 13.03 million
4. India - USD 12.14 million
5. Armenia – USD 7.2 million
6. Ghana - USD 6.5 million
7. Mozambique - USD 4.5 million
8. Nigeria - USD 3.6 million
9. Tanzania - USD 3.2 million
10. Mali - USD 0.89 million
Western sanctions on Russia in April have hampered the supply of fertilizers to the world. Product shortages and high prices for natural gas, which is a major component in fertilizer production, have led to rising prices. According to the World Bank, fertilizer prices have risen by almost 30% since the beginning of 2022, following an 80% increase last year.
