Import Quotas for Fertilizers and Crude Oil Announced for 2026

Deep News
10/21

According to the Ministry of Commerce, the total import quotas for fertilizers and crude oil for 2026 have been announced. The fertilizer import tariff quota is set at 13.65 million tons, while the non-state trading import allowance for crude oil is 25.7 million tons. The breakdown of the fertilizer quotas is as follows: 3.3 million tons of urea, 6.9 million tons of monoammonium phosphate, and 3.45 million tons of compound fertilizer. Specifically, the state trading quotas are: 2.97 million tons for urea, 3.52 million tons for monoammonium phosphate, and 1.76 million tons for compound fertilizer. The non-state trading quotas are: 330,000 tons for urea, 3.38 million tons for monoammonium phosphate, and 1.69 million tons for compound fertilizer. Companies can apply for the fertilizer import tariff quotas on a first-come, first-served basis until the total quota is exhausted. The maximum initial quota for 2026 is capped at 500,000 tons, with a minimum application of 2,000 tons. Any business registered with the industry and commerce administration can apply for these quotas as long as it falls within their operational scope.

The non-state trading import allowance for crude oil in 2026 is set at 25.7 million tons. Eligibility criteria for applications include having a record of using crude oil import allowances in the past two years (from January 2024 to October 2025) or obtaining approval from national industry authorities to qualify for imported crude oil use. Applicants must also have access to a waterway terminal with a capacity of not less than 50,000 tons (or a railway port with a transshipment capacity of 2 million tons per year), and ownership of oil storage tanks with a capacity of at least 200,000 cubic meters. Additionally, banks must provide credit of no less than $20 million (or 140 million RMB), and companies must employ at least two professionals engaged in international oil trade. All enterprises must operate legally and in accordance with safety, environmental, tax, customs, and foreign exchange regulations, with no unresolved legal violations.

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