HS Code:
Potash, a key fertilizer component primarily composed of potassium chloride, is an essential agricultural input used to enhance crop yield and quality. While Mexico is not traditionally a major global producer of potash compared to countries like Canada, Russia, or Belarus, it engages in the trade of potash products, often through imports for domestic agricultural use or re-export. Under U.S. note 2(c) to the relevant subchapter, potash from Mexico may be subject to specific tariff classifications and trade agreements, such as those under the USMCA (United States-Mexico-Canada Agreement), which replaced NAFTA. This classification often falls under HS Code 3104 (Mineral or chemical fertilizers, potassic), covering various forms of potash.
Total Trade Volume
Approximately $50 million USD in trade value for potash-related products involving Mexico
Data from 2022
Source
United Nations Comtrade Database and U.S. International Trade Commission (USITC) data
Average Rate
0% under USMCA for qualifying goods
Highest Rate
2.5% for non-preferential trade partners under WTO MFN rates (if applicable)
Lowest Rate
0% under free trade agreements like USMCA
Rising demand for fertilizers in Latin America
Increased import activity in Mexico to meet domestic and regional agricultural needs
2021-2022
Global supply chain disruptions due to geopolitical tensions
Higher potash prices globally, prompting Mexico to seek alternative suppliers beyond traditional partners
2022
Shift toward sustainable agriculture
Growing interest in balanced fertilizer use, affecting potash demand patterns in Mexico
2020-2023
Revisions and clarifications under the USMCA have streamlined tariff-free access for potash trade between Mexico, the U.S., and Canada, reinforcing regional supply chains.
July 2022
Reduced trade barriers, potentially increasing Mexico's role as a transit hub for potash in North America.
Sanctions on major potash exporters like Belarus and Russia have led to supply shortages, prompting Mexico to diversify import sources and explore local production feasibility.
March 2022
Increased costs for Mexican farmers and potential investment in domestic potash resources.
The Mexican government has introduced subsidies for fertilizer use to boost agricultural productivity, indirectly supporting potash imports.
January 2023
Likely to sustain or increase potash trade volumes in the short term.