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711041 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.95BRnk 1451 / 4644
2023
Top Exporter | Top Importer $1.05B | $595MSouth Africa | Japan
2023
Product Complexity 0.25Rnk 2122 / 4656
2022 - 2023
Export Growth (CAGR) -9.87%Rnk 2692 / 4644
2023
Share of World Trade 0.0086%Rnk 1451 / 4644

About

Overview This page contains the latest trade data of Iridium, osmium and ruthenium unwrought or powder for. In 2023, Iridium, osmium and ruthenium unwrought or powder for were the world's 1451st most traded product, with a total trade of $1.95B. Between 2022 and 2023 the exports of Iridium, osmium and ruthenium unwrought or powder for decreased by -9.87%, from $2.16B to $1.95B. Trade in Iridium, osmium and ruthenium unwrought or powder for represent 0.0086% of total world trade.

Iridium, osmium and ruthenium unwrought or powder for are a part of Platinum.

Exports In 2023 the top exporters of Iridium, osmium and ruthenium unwrought or powder for  were South Africa ($1.05B), Germany ($284M), United Kingdom ($143M), Hong Kong ($73.6M), and United States ($73M).

Imports In 2023 the top importers of Iridium, osmium and ruthenium unwrought or powder for were Japan ($595M), United States ($357M), Hong Kong ($319M), Germany ($166M), and United Kingdom ($143M).

Ranking Iridium, osmium and ruthenium unwrought or powder for ranks 2122nd in the Product Complexity Index (PCI).

Description Iridium is commonly used in the production of electrical components, automotive parts, medical instruments, and jewelry. Osmium is used as an alloying agent in electroplating, in the production of alloys for aircraft engines and in the detection of counterfeit coins. Ruthenium is used in the production of wear-resistant electrical contacts for switches, and as an alloying agent in jewelry.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iridium, osmium and ruthenium unwrought or powder for. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)South Africa$1.05B
Top Destination (2023)Japan$595M

In 2023 Iridium, osmium and ruthenium unwrought or powder for were the world's 1451st most traded product (out of 4,644).

In 2023, the top exporters of Iridium, osmium and ruthenium unwrought or powder for were South Africa ($1.05B), Germany ($284M), United Kingdom ($143M), Hong Kong ($73.6M), and United States ($73M).

In 2023, the top importers of Iridium, osmium and ruthenium unwrought or powder for were Japan ($595M), United States ($357M), Hong Kong ($319M), Germany ($166M), and United Kingdom ($143M).

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Exporters of Iridium, osmium and ruthenium unwrought or powder for (2023)
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Importers of Iridium, osmium and ruthenium unwrought or powder for (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Ireland$52.8M
Top Destination Growth (2022 -  2023)Hong Kong$53.5M

Between 2022 and 2023, the exports of Iridium, osmium and ruthenium unwrought or powder for grew the fastest in Ireland ($52.8M), Germany ($30.8M), United Kingdom ($23.5M), Burma ($11.3M), and China ($8.35M).

Between 2022 and 2023, the fastest growing importers of Iridium, osmium and ruthenium unwrought or powder for were Hong Kong ($53.5M), Germany ($18.8M), Japan ($15M), Singapore ($8.05M), and South Korea ($6.69M).

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Exporters of Iridium, osmium and ruthenium unwrought or powder for (2022 - 2023)

Importers of Iridium, osmium and ruthenium unwrought or powder for (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iridium, osmium and ruthenium unwrought or powder for.

In 2023, market concentration measured using Shannon Entropy, was 2.52. This means that most of the exports of Iridium, osmium and ruthenium unwrought or powder for are explained by 5 countries.

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Value of Exports in Iridium, osmium and ruthenium unwrought or powder for

Net Trade

TOP NET EXPORTER (2023)South Africa$1.05B
TOP NET IMPORTER (2023)Japan$544M

This map shows which countries export or import more of Iridium, osmium and ruthenium unwrought or powder for. Each country is colored based on the difference in exports and imports of Iridium, osmium and ruthenium unwrought or powder for during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Iridium, osmium and ruthenium unwrought or powder for were South Africa ($1.05B), Germany ($118M), Ireland ($63.2M), Russia ($44.4M), and Burma ($13.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Iridium, osmium and ruthenium unwrought or powder for were Japan ($544M), United States ($284M), Hong Kong ($245M), China ($128M), and Chinese Taipei ($20.9M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Iridium, osmium and ruthenium unwrought or powder for.
It is possible to select the main countries that export or import Iridium, osmium and ruthenium unwrought or powder for in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iridium, osmium and ruthenium unwrought or powder for by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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