China's DAP exports down 75.64% YoY in Q1

China's DAP exports fell to zero in March 2026, with Q1 cumulative exports plunging 75.64% year-on-year to just 18,900 tonnes. Unclear export policies, tightening sulfur supply, and firming international prices contrast with weak domestic demand. April exports are also expected to be zero.

The General Administration of Customs of the People's Republic of China (GACC) data show China's diammonium phosphate (DAP) exports stood at zero in March 2026, down 8,000 tonnes from February and 11,700 tonnes year-on-year. Cumulative exports totaled only 18,900 tonnes in the first quarter, a decrease of 58,700 tonnes