Unwrought palladium trade by country: top importers, exporters and prices
World trade in unwrought palladium was worth $13.48 billion in 2024, about 409 tonnes. That is an increase of 17% since 2017, and down 24% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $13.48B | 409 t |
| 2023 | $17.80B | 420 t |
| 2022 | $24.56B | 402 t |
| 2021 | $27.34B | 396 t |
| 2020 | $25.05B | 394 t |
| 2019 | $19.73B | 418 t |
| 2018 | $13.46B | 434 t |
| 2017 | $11.52B | 410 t |
Top unwrought palladium exporting countries
South Africa is the largest exporter with 25% of world exports, followed by Russia and the United States. The top three supply 56% between them, out of 57 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| South Africa | $3.31B | 25% |
| Russia | $2.91B | 22% |
| United States | $1.37B | 10% |
| United Kingdom | $1.21B | 9% |
| Italy | $954.5M | 7.1% |
| Germany | $883.2M | 6.6% |
| Belgium | $715.1M | 5.3% |
| France | $494.9M | 3.7% |
| Switzerland | $296.6M | 2.2% |
| Armenia | $264.1M | 2% |
| Norway | $231.9M | 1.7% |
| South Korea | $224.5M | 1.7% |
Top importing countries and buyer markets
Germany is the biggest buyer with 16% of world imports, ahead of the United States and Switzerland. Demand is spread widely: the top three take 42% across 71 importing countries.
| Importer | Value | Share |
|---|---|---|
| Germany | $2.15B | 16% |
| United States | $1.95B | 15% |
| Switzerland | $1.59B | 12% |
| Japan | $1.34B | 10% |
| China | $1.03B | 7.7% |
| United Kingdom | $960.7M | 7.1% |
| Hong Kong | $694.3M | 5.2% |
| Italy | $687.5M | 5.1% |
| North Macedonia | $568.9M | 4.2% |
| Canada | $568.4M | 4.2% |
| South Korea | $484.5M | 3.6% |
| Brazil | $395.4M | 2.9% |
Average price per kg
The world average declared value was about $32,942.51 per kg in 2024. Among the main exporters, France averaged $43,016.29 per kg and Germany $27,121.36 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
The shipment records behind Unwrought palladium (HS 7110.21) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7110.21: Metals: palladium, unwrought or in powder form. HS 7110 codes.
Common questions
Which countries export the most unwrought palladium?
South Africa exported $3.31 billion in 2024, 25% of the world total, followed by Russia (22%) and the United States (10%). In all, 57 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most unwrought palladium?
Germany imported $2.15 billion in 2024, 16% of world imports, ahead of the United States (14%) and Switzerland (12%). The top three importers together take 42%. Each country with its own page is linked from the table.
How big is the world trade in unwrought palladium?
It was worth $13.48 billion in 2024, about 409 tonnes. That is an increase of 17% since 2017. The peak year was 2021 at $27.34 billion. 57 countries reported exports and 71 reported imports.
What is the average price of unwrought palladium per kg?
The world average declared value was about $32,942.51 per kg in 2024. Among the main exporters, France averaged $43,016.29 per kg and Germany $27,121.36 per kg, so grade and origin matter. Read it as a benchmark: it blends all grades, origins and contract terms.
What is the HS code for unwrought palladium?
The HS code for unwrought palladium is subheading 7110.21, in chapter 71 (natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 7110 page.
How can I find unwrought palladium buyers and suppliers?
The rankings here stop at countries; EximDataX goes down to the companies trading unwrought palladium, from direct customs feeds and mirror data. Tell us your markets to see them live.
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