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2022
Exports | Imports $3.38B | $3.51BWorld Rnk 3 / 63
Flag Rnk 75 / 4632
World Rnk 3 / 70
Flag Rnk 135 / 4573
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $352M | $88.1MCanada |  Switzerland
2022
ECONOMIC COMPLEXITY of United States1.41Rnk 10 / 124

About

Exports In 2022, United States exported $3.38B in Palladium unwrought or in powder form, making it the 3rd largest exporter of Palladium unwrought or in powder form in the world. At the same year, Palladium unwrought or in powder form was the 75th most exported product in United States. The main destination of Palladium unwrought or in powder form exports from United States are: Italy ($770M), Japan ($489M), Germany ($469M), China ($415M), and Canada ($360M).

The fastest growing export markets for Palladium unwrought or in powder form of United States between 2021 and 2022 were Canada ($352M), Germany ($242M), and Japan ($200M).

Imports In 2022, United States imported $3.51B in Palladium unwrought or in powder form, becoming the 3rd largest importer of Palladium unwrought or in powder form in the world. At the same year, Palladium unwrought or in powder form was the 135th most imported product in United States. United States imports Palladium unwrought or in powder form primarily from: Russia ($1.35B), South Africa ($1.09B), Belgium ($277M), Switzerland ($244M), and South Korea ($151M).

The fastest growing import markets in Palladium unwrought or in powder form for United States between 2021 and 2022 were Switzerland ($88.1M), Japan ($74.7M), and United Kingdom ($35.1M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (10.1M), IKEA SUPPLY AG (9.91M), and WAL-MART INC. (7M) were at the forefront of shipping Palladium unwrought or in powder form to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Palladium unwrought or in powder form exports accounted up to $243M and imports accounted up to $142M, resulting in a positive trade balance of $101M. Between January 2023 and January 2024 the exports of United States'   Palladium unwrought or in powder form have decreased by $-69.9M (-22.4%) from $312M to $243M, while imports decreased by $-153M (-52%) from $295M to $142M.

Destinations In January 2024, Palladium unwrought or in powder form were exported mostly to Germany ($75.3M), Italy ($60.2M), Canada ($37.5M), Switzerland ($27.1M), and China ($16.1M), and were imported mostly from South Africa ($87.7M), Belgium ($18M), South Korea ($12.9M), Switzerland ($6.34M), and Germany ($6.34M).

Growth In January 2024, the decrease in Palladium unwrought or in powder form's year-by-year exports was explained primarily by a decrease in exports to China ($-19.8M or -55%), Belgium ($-15.9M or -88.2%), and Germany ($-15.6M or -26.8%). In January 2024, the decrease in Palladium unwrought or in powder form's year-by-year imports was explained primarily by a decrease in imports from Belgium ($-21M or -58.1%), Germany ($-14.5M or -98.4%), and Italy ($-13.8M or -86.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)$-69.9M(-22.4%)
IMPORT GROWTH (January 2023 - January 2024)$-153M(-52%)
MAIN EXPORTER (January 2024)New Jersey$194M
MAIN DESTINATION (January 2024)Germany$75.3M

This section shows Palladium unwrought or in powder form's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Palladium unwrought or in powder form over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.38B
IMPORTS (2022)$3.51B
NET TRADE (2022)-$122M

In 2022, United States exported $3.38B in Palladium unwrought or in powder form. The main destinations of United States exports on Palladium unwrought or in powder form were Italy ($770M), Japan ($489M), Germany ($469M), China ($415M), and Canada ($360M).

In 2022, United States imported $3.51B in Palladium unwrought or in powder form, mainly from Russia ($1.35B), South Africa ($1.09B), Belgium ($277M), Switzerland ($244M), and South Korea ($151M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palladium unwrought or in powder form EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$352M (4.37k%)
Germany$242M (106%)
Japan$200M (69.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palladium unwrought or in powder form BY United States WERE (2021 - 2022):
Switzerland-$225M (-41.9%)
China-$201M (-32.7%)
South Korea-$164M (-94%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Palladium unwrought or in powder form were:
Russia $4.99B
South Africa $4.14B
In 2022, United States's main importing competitors in Palladium unwrought or in powder form were:
Germany $4.01B
Japan $3.62B

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Trade Value of Palladium unwrought or in powder form by Exporters

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