HS Icon Palladium unwrought or in powder form

711021 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Palladium unwrought or in powder form. In 2020, Palladium unwrought or in powder form were the world's 90th most traded product, with a total trade of $25.3B. Between 2019 and 2020 the exports of Palladium unwrought or in powder form grew by 39.7%, from $18.1B to $25.3B. Trade in Palladium unwrought or in powder form represent 0.15% of total world trade.

Palladium unwrought or in powder form are a part of Platinum.

Exports In 2020 the top exporters of Palladium unwrought or in powder form  were Russia ($6.47B), United States ($3.67B), South Africa ($3.26B), United Kingdom ($3.04B), and Italy ($2.18B).

Imports In 2020 the top importers of Palladium unwrought or in powder form were United Kingdom ($4.3B), United States ($3.79B), Germany ($3.54B), Japan ($2.59B), and China ($2.33B).

Tariffs In 2018 the average tariff for Palladium unwrought or in powder form was 4.59%, making it the 4534th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Palladium unwrought or in powder form are Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), United Arab Emirates (0%), China (0%), and Hong Kong (0%).

Ranking Palladium unwrought or in powder form ranks 567th in the Product Complexity Index (PCI).

Description Palladium, a silver-white metal, is used in electrical contacts, medical equipment, and jewelry.

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The following visualization shows the latest trends on Palladium unwrought or in powder form. Countries are shown based on data availability.

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

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Russia, $6.47B

Top Destination (2020): United Kingdom, $4.3B

Palladium unwrought or in powder form are the world's 90th most traded product.

In 2020, the top exporters of Palladium unwrought or in powder form were Russia ($6.47B), United States ($3.67B), South Africa ($3.26B), United Kingdom ($3.04B), and Italy ($2.18B).

In 2020, the top importers of Palladium unwrought or in powder form were United Kingdom ($4.3B), United States ($3.79B), Germany ($3.54B), Japan ($2.59B), and China ($2.33B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Russia, $1.83B

Top Destination Growth (2019 - 2020): United Kingdom, $1.57B

Between 2019 and 2020, the exports of Palladium unwrought or in powder form grew the fastest in Russia ($1.83B), United States ($1.75B), United Kingdom ($1.06B), Italy ($965M), and Belgium ($340M).

Between 2019 and 2020, the fastest growing importers of Palladium unwrought or in powder form were United Kingdom ($1.57B), China ($984M), United States ($898M), Hong Kong ($840M), and Germany ($832M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Palladium unwrought or in powder form.

In 2020,  market concentration measured using Shannon Entropy, was 3.28. This means that most of the exports of Palladium unwrought or in powder form are explained by 9 countries.

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TOP NET EXPORTER (2020): Russia, $6.44B

TOP NET IMPORTER (2020): Japan, $2.24B

This map shows which countries export or import more of Palladium unwrought or in powder form. Each country is colored based on the difference in exports and imports of Palladium unwrought or in powder form during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Palladium unwrought or in powder form were Russia ($6.44B), South Africa ($3.25B), Belgium ($1.57B), Italy ($714M), and Norway ($645M).

In 2020, the countries that had a largest trade value in imports than in exports of Palladium unwrought or in powder form were Japan ($2.24B), China ($2.13B), Hong Kong ($1.84B), Germany ($1.74B), and United Kingdom ($1.26B).

Disaggregation

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Value

In 2019, the world most traded Palladium unwrought or in powder form, disaggragated by their HS6 level were Palladium unwrought or in powder form ($25.3B)

Country Comparison

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

Import Tariffs

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In 2018, the average tariff for importing Palladium unwrought or in powder form was 4.59%. The countries with the highest tariffs for importing Palladium unwrought or in powder form were Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), and Gabon (29.4%).

Product Complexity

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Diversification Frontier

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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.