Impact of Key Bridge Collapse on Fertilizer Market

The destruction of the Key Bridge in Baltimore should have a relatively limited impact on U.S. fertilizer trade. Over the last five years, on average, about 1% of all U.S. fertilizer imports have come in through the Port of Baltimore. In 2023, fertilizer imports into the Port of Baltimore were valued at nearly $75 million. Over 86% of those imports were nitrogenous fertilizers. Baltimore was the 7th most important port for imports of fertilizer from Russia in 2023, with imports of $33.5 million from that trade partner. Fertilizer exports from the Port of Baltimore are more limited, averaging about $7 million over the last five years. Less than 1% of U.S. fertilizer exports in 2023 left from Baltimore.