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711031 (Harmonized System 1992 for 6-digit)

2023
World Trade $10.2BRnk 354 / 4644
2023
Top Exporter | Top Importer $3.95B | $2.93BSouth Africa | United States
2023
Product Complexity 0.73Rnk 1232 / 4656
2022 - 2023
Export Growth (CAGR) -53.7%Rnk 4536 / 4644
2023
Share of World Trade 0.045%Rnk 354 / 4644

About

Overview This page contains the latest trade data of Rhodium unwrought or in powder form. In 2023, Rhodium unwrought or in powder form were the world's 354th most traded product, with a total trade of $10.2B. Between 2022 and 2023 the exports of Rhodium unwrought or in powder form decreased by -53.7%, from $22.1B to $10.2B. Trade in Rhodium unwrought or in powder form represent 0.045% of total world trade.

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

Exports In 2023 the top exporters of Rhodium unwrought or in powder form  were South Africa ($3.95B), Germany ($1.7B), Belgium ($1.18B), Italy ($805M), and Russia ($738M).

Imports In 2023 the top importers of Rhodium unwrought or in powder form were United States ($2.93B), Japan ($1.63B), Germany ($1.12B), United Kingdom ($1.03B), and China ($933M).

Ranking Rhodium unwrought or in powder form ranks 1232nd in the Product Complexity Index (PCI).

Description Rhodium is used in the making of chemical catalysts for the refining of petroleum. It is also used in the making of jewelry.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Rhodium 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)South Africa$3.95B
Top Destination (2023)United States$2.93B

In 2023 Rhodium unwrought or in powder form were the world's 354th most traded product (out of 4,644).

In 2023, the top exporters of Rhodium unwrought or in powder form were South Africa ($3.95B), Germany ($1.7B), Belgium ($1.18B), Italy ($805M), and Russia ($738M).

In 2023, the top importers of Rhodium unwrought or in powder form were United States ($2.93B), Japan ($1.63B), Germany ($1.12B), United Kingdom ($1.03B), and China ($933M).

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

Color
Top Origin Growth (2022 -  2023)United Arab Emirates$10.7M
Top Destination Growth (2022 -  2023)Czechia$49.9M

Between 2022 and 2023, the exports of Rhodium unwrought or in powder form grew the fastest in United Arab Emirates ($10.7M), Hong Kong ($4.65M), Czechia ($3.83M), Australia ($973k), and Burma ($859k).

Between 2022 and 2023, the fastest growing importers of Rhodium unwrought or in powder form were Czechia ($49.9M), South Africa ($22.1M), Canada ($17.7M), Russia ($9.58M), and Spain ($2.87M).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 2.73. This means that most of the exports of Rhodium unwrought or in powder form are explained by 6 countries.

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Value of Exports in Rhodium unwrought or in powder form

Net Trade

TOP NET EXPORTER (2023)South Africa$3.93B
TOP NET IMPORTER (2023)United States$2.25B

This map shows which countries export or import more of Rhodium unwrought or in powder form. Each country is colored based on the difference in exports and imports of Rhodium unwrought or in powder form during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Rhodium unwrought or in powder form were South Africa ($3.93B), Belgium ($1.06B), Russia ($729M), Germany ($572M), and Italy ($255M).

In 2023, the countries that had a largest trade value in imports than in exports of Rhodium unwrought or in powder form were United States ($2.25B), Japan ($1.44B), China ($930M), Hong Kong ($553M), and United Kingdom ($390M).

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 Rhodium unwrought or in powder form.
It is possible to select the main countries that export or import Rhodium unwrought or in powder form in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Rhodium 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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