Unwrought palladium imports in the United States: data, top suppliers and prices
The United States imported $1.95 billion of unwrought palladium in 2024 (62 tonnes). That makes it the 2nd largest importer of this product worldwide, out of 71 countries. That is 25% less than in 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2021, at $4.21 billion.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $1.95B | 62 t |
| 2023 | $2.60B | 60 t |
| 2022 | $3.58B | 57 t |
| 2021 | $4.21B | 57 t |
| 2020 | $3.56B | 53 t |
| 2019 | $3.07B | 65 t |
| 2018 | $2.61B | 80 t |
| 2017 | $1.99B | 73 t |
Where the United States imports unwrought palladium from
The largest suppliers were Russia (45%), South Africa (38%), South Korea (5%).
| Supplier country | Value | Share |
|---|---|---|
| Russia | $877.8M | 45% |
| South Africa | $745.9M | 38% |
| South Korea | $97.7M | 5% |
| Germany | $81.4M | 4.2% |
| Belgium | $80.7M | 4.1% |
| Italy | $33.2M | 1.7% |
| Switzerland | $15.8M | 0.8% |
| Japan | $10.3M | 0.5% |
| United Kingdom | $4.0M | 0.2% |
| Netherlands | $3.4M | 0.2% |
Average import price per kg
The average declared value was about $31,429.30 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 exports from the United States
The United States exported $1.37 billion of unwrought palladium in 2024 (44 tonnes). It ranks 3rd of 57 countries for exports of this product. Most of it went to Switzerland (30%), Germany (22%), Canada (17%). Among the main buyer markets, United Kingdom grew fastest (+589% on the year before).
| Destination | Value | Share |
|---|---|---|
| Switzerland | $414.9M | 30% |
| Germany | $300.6M | 22% |
| Canada | $232.4M | 17% |
| Italy | $95.6M | 7% |
| Japan | $78.6M | 5.8% |
| China | $66.4M | 4.9% |
| Brazil | $61.7M | 4.5% |
| Taiwan | $44.3M | 3.2% |
| United Kingdom | $32.0M | 2.4% |
| South Korea | $23.1M | 1.7% |
Who is behind these numbers in the United States?
The shipment records behind United States unwrought palladium imports (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 imported by the United States?
The United States imported unwrought palladium worth $1.95 billion in 2024, the latest year with complete public data, about 62 tonnes. That ranks it 2nd of 71 countries worldwide, with 14% of world imports. The value was down 25% on 2023.
Which countries supply unwrought palladium to the United States?
Russia was the largest supplier with 45% of the value ($877.8 million), followed by South Africa (38%) and South Korea (5%). The top three together account for 88%, out of 14 supplier countries in total.
What is the average import price of unwrought palladium per kg?
The average declared import value was about $31,429.30 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 imports of unwrought palladium to the United States changed since 2017?
Imports went from $1.99 billion in 2017 to $1.95 billion in 2024, a fall of 2%. The peak was 2021 at $4.21 billion. Over 8 years the average was $2.95 billion a year.
Does the United States also export unwrought palladium?
Yes. The United States exported $1.37 billion worth of this product in 2024, mainly to Switzerland, Germany and Canada. On balance the United States is a net importer of this product, by about $586.0 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?
Shipment-level records for the United States reach EximDataX from a direct customs feed, with company names, dates and declared values. We can show them for your product on a short call.
Same product, other countries
World unwrought palladium trade: top importers and exporters
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