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711021 (Harmonized System 1992 for 6-digit)

2023
World Trade $17.4BRnk 189 / 4644
2023
Top Exporter | Top Importer $4.39B | $2.7BRussia | United States
2023
Product Complexity 0.59Rnk 1502 / 4656
2022 - 2023
Export Growth (CAGR) -30.7%Rnk 4245 / 4644
2023
Share of World Trade 0.077%Rnk 189 / 4644

About

Overview This page contains the latest trade data of Palladium unwrought or in powder form. In 2023, Palladium unwrought or in powder form were the world's 189th most traded product, with a total trade of $17.4B. Between 2022 and 2023 the exports of Palladium unwrought or in powder form decreased by -30.7%, from $25.1B to $17.4B. Trade in Palladium unwrought or in powder form represent 0.077% of total world trade.

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

Exports In 2023 the top exporters of Palladium unwrought or in powder form  were Russia ($4.39B), South Africa ($3.62B), United States ($1.56B), United Kingdom ($1.53B), and Belgium ($1.49B).

Imports In 2023 the top importers of Palladium unwrought or in powder form were United States ($2.7B), Germany ($2.37B), Japan ($1.78B), Hong Kong ($1.56B), and United Kingdom ($1.4B).

Ranking Palladium unwrought or in powder form ranks 1502nd in the Product Complexity Index (PCI).

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

Latest Trends

Latest Data

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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.

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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)Russia$4.39B
Top Destination (2023)United States$2.7B

In 2023 Palladium unwrought or in powder form were the world's 189th most traded product (out of 4,644).

In 2023, the top exporters of Palladium unwrought or in powder form were Russia ($4.39B), South Africa ($3.62B), United States ($1.56B), United Kingdom ($1.53B), and Belgium ($1.49B).

In 2023, the top importers of Palladium unwrought or in powder form were United States ($2.7B), Germany ($2.37B), Japan ($1.78B), Hong Kong ($1.56B), and United Kingdom ($1.4B).

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Exporters of Palladium unwrought or in powder form (2023)
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Importers of Palladium unwrought or in powder form (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$162M
Top Destination Growth (2022 -  2023)Hong Kong$449M

Between 2022 and 2023, the exports of Palladium unwrought or in powder form grew the fastest in France ($162M), Armenia ($112M), United Arab Emirates ($53.2M), Australia ($21.4M), and China ($17.8M).

Between 2022 and 2023, the fastest growing importers of Palladium unwrought or in powder form were Hong Kong ($449M), Canada ($208M), Armenia ($110M), China ($90.4M), and United Arab Emirates ($38.5M).

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Exporters of Palladium unwrought or in powder form (2022 - 2023)

Importers of Palladium unwrought or in powder form (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.29. This means that most of the exports of Palladium unwrought or in powder form are explained by 9 countries.

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Value of Exports in Palladium unwrought or in powder form

Net Trade

TOP NET EXPORTER (2023)Russia$4.39B
TOP NET IMPORTER (2023)Hong Kong$1.47B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Palladium unwrought or in powder form were Russia ($4.39B), South Africa ($3.6B), Belgium ($1.26B), France ($464M), and Norway ($312M).

In 2023, the countries that had a largest trade value in imports than in exports of Palladium unwrought or in powder form were Hong Kong ($1.47B), Germany ($1.37B), China ($1.29B), Japan ($1.28B), and United States ($1.14B).

Net Trade (2023)

Country Comparison

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Ranking

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.

Top 10 Exporters Countries of Palladium unwrought or in powder form 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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