Unwrought palladium exports from South Africa: data, top buyers and prices
South Africa exported $3.31 billion of unwrought palladium in 2024 (99 tonnes). That makes it the largest exporter of this product worldwide, out of 57 countries. That is 5% less than in 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2021, at $4.60 billion.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Exports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $3.31B | 99 t |
| 2023 | $3.48B | 85 t |
| 2022 | $4.32B | 77 t |
| 2021 | $4.60B | 68 t |
| 2020 | $3.43B | 60 t |
| 2019 | $3.35B | 76 t |
| 2018 | $2.72B | 85 t |
| 2017 | $2.05B | 80 t |
Where South Africa exports unwrought palladium to
Most of it went to United States (23%), Germany (21%), Japan (17%). Among the main buyer markets, Germany grew fastest (+160% on the year before).
| Destination | Value | Share |
|---|---|---|
| United States | $745.9M | 23% |
| Germany | $687.3M | 21% |
| Japan | $556.5M | 17% |
| United Kingdom | $381.3M | 12% |
| Canada | $286.5M | 8.7% |
| China | $228.7M | 6.9% |
| South Korea | $168.1M | 5.1% |
| Brazil | $136.0M | 4.1% |
| Italy | $57.8M | 1.8% |
| Spain | $28.5M | 0.9% |
Average export price per kg
The average declared value was about $33,348.29 per kg, close to the world average of $32,938.73.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Unwrought palladium imports to South Africa
South Africa imported $4.2 million of unwrought palladium in 2024 (1 tonnes). Germany alone supplied 94% of it. Among the main suppliers, Italy grew fastest (+81% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Germany | $4.0M | 94% |
| Italy | $205K | 4.9% |
| United States | $33K | 0.8% |
Who is behind these numbers in South Africa?
The shipment records behind South Africa unwrought palladium exports (HS 7110.21): companies, dates, quantities and declared values.
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Mirror data: built from the shipment records of the countries that trade with it.
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.
Common questions
What is the value of unwrought palladium exported by South Africa?
South Africa exported unwrought palladium worth $3.31 billion in 2024, the latest year with complete public data, about 99 tonnes. That ranks it 1st of 57 countries worldwide, with 25% of world exports. The value was down 5% on 2023.
Which countries buy unwrought palladium from South Africa?
The United States was the largest buyer with 23% of the value ($745.9 million), followed by Germany (21%) and Japan (17%). The top three together account for 60%, out of 17 buyer countries in total. Germany grew fastest among the top ten, up 160% on the year.
What is the average export price of unwrought palladium per kg?
The average declared export value was about $33,348.29 per kg in 2024, close to the world average of $32,938.73 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have exports of unwrought palladium from South Africa changed since 2017?
Exports went from $2.05 billion in 2017 to $3.31 billion in 2024, an increase of 61%. The peak was 2021 at $4.60 billion. Over 8 years the average was $3.41 billion a year.
Does South Africa also import unwrought palladium?
Yes. South Africa imported $4.2 million worth of this product in 2024, mainly from Germany, Italy and the United States. On balance South Africa is a net exporter of this product, by about $3.30 billion a year.
What is the HS code for unwrought palladium?
The HS code for unwrought palladium is subheading 7110.21. It sits in HS chapter 71 (natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin). The full list of codes and descriptions is on the HS 7110 page.
How can I find the companies behind this trade?
EximDataX rebuilds South Africa trade from the customs records of its trading partners, so the companies shipping to and from it are visible. Ask for a live look at your product.
Same product, other countries
World unwrought palladium trade: top importers and exporters
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