Unwrought palladium exports from the United Kingdom: data, top buyers and prices
In 2024, the United Kingdom exported unwrought palladium worth $1.21 billion (32 tonnes). That makes it the 4th largest exporter of this product worldwide, out of 57 countries. Value fell 35% from 2023. Over 2017-2024 it shrank by about 7% a year on average. The peak in this period was 2022, at $2.88 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 | $1.21B | 32 t |
| 2023 | $1.86B | 37 t |
| 2022 | $2.88B | 38 t |
| 2021 | $2.60B | 34 t |
| 2020 | $2.68B | 42 t |
| 2019 | $2.52B | 53 t |
| 2018 | $2.15B | 48 t |
| 2017 | $2.03B | 62 t |
Where the United Kingdom exports unwrought palladium to
The largest buyer markets were North Macedonia (47%), Germany (16%), Japan (8%). Among the main buyer markets, India grew fastest (+40% on the year before).
| Destination | Value | Share |
|---|---|---|
| North Macedonia | $567.4M | 47% |
| Germany | $189.1M | 16% |
| Japan | $100.6M | 8.3% |
| India | $71.0M | 5.8% |
| Poland | $70.3M | 5.8% |
| Italy | $68.3M | 5.6% |
| China | $49.0M | 4% |
| South Korea | $40.2M | 3.3% |
| Argentina | $21.6M | 1.8% |
| Spain | $14.1M | 1.2% |
Average export price per kg
The average declared value was about $38,439.88 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 the United Kingdom
Imports of unwrought palladium by the United Kingdom reached $960.7 million in 2024 (30 tonnes). It ranks 6th of 71 countries for imports of this product. The largest suppliers were South Africa (40%), Belgium (17%), Italy (15%). Among the main suppliers, United States grew fastest (+589% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| South Africa | $381.3M | 40% |
| Belgium | $158.8M | 17% |
| Italy | $143.1M | 15% |
| Norway | $126.3M | 13% |
| Switzerland | $53.0M | 5.5% |
| United States | $32.0M | 3.3% |
| Germany | $27.0M | 2.8% |
| South Korea | $25.1M | 2.6% |
| Japan | $8.0M | 0.8% |
| Taiwan | $1.7M | 0.2% |
Who is behind these numbers in the United Kingdom?
The shipment records behind United Kingdom unwrought palladium exports (HS 7110.21): companies, dates, quantities and declared values.
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Direct customs feed: shipment-level records from the official customs source.
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 the United Kingdom?
The United Kingdom exported unwrought palladium worth $1.21 billion in 2024, the latest year with complete public data, about 32 tonnes. That ranks it 4th of 57 countries worldwide, with 9% of world exports. The value was down 35% on 2023.
Which countries buy unwrought palladium from the United Kingdom?
North Macedonia was the largest buyer with 47% of the value ($567.4 million), followed by Germany (16%) and Japan (8%). The top three together account for 71%, out of 29 buyer countries in total. India grew fastest among the top ten, up 40% on the year.
What is the average export price of unwrought palladium per kg?
The average declared export value was about $38,439.88 per kg in 2024, 17% above the world average of $32,938.73 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have exports of unwrought palladium from the United Kingdom changed since 2017?
Exports went from $2.03 billion in 2017 to $1.21 billion in 2024, a fall of 40%. The peak was 2022 at $2.88 billion. Over 8 years the average was $2.24 billion a year.
Does the United Kingdom also import unwrought palladium?
Yes. The United Kingdom imported $960.7 million worth of this product in 2024, mainly from South Africa, Belgium and Italy. On balance the United Kingdom is a net exporter of this product, by about $254.0 million 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?
The totals here are public statistics; the company-level detail sits in EximDataX, which has a direct customs feed for the United Kingdom. Tell us your product to see it live.
Same product, other countries
World unwrought palladium trade: top importers and exporters
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