HS Icon Rhodium unwrought or in powder form

711031 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $5.34B, Rnk 586 / 4648

2019
Top Exporter | Top Importer
: $1.56B | $1.53B, South Africa | United States

2019
Product Complexity
: 0.99, Rnk 773 / 4826

2018 - 2019
Export Growth (CAGR)
: 73.8%, Rnk 30 / 4648

2018
Mean Tariff
: 4.39%, Rnk 4627 / 6538

 2019
Share of World Trade
: 0.029%, Rnk 586 / 4648

Overview:  This page contains the latest trade data of Rhodium unwrought or in powder form. In 2019, Rhodium unwrought or in powder form were the world's 586th most traded product, with a total trade of $5.34B. Between 2018 and 2019 the exports of Rhodium unwrought or in powder form grew by 73.8%, from  $3.07B to $5.34B. Trade in Rhodium unwrought or in powder form represent 0.029% of total world trade.

Exports: In 2019 the top exporters of Rhodium unwrought or in powder form  were South Africa ($1.56B), United Kingdom ($908M), Germany ($886M), United States ($659M), and Belgium ($611M).

Imports: In 2019 the top importers of Rhodium unwrought or in powder form were United States ($1.53B), Germany ($975M), Japan ($624M), China ($521M), and United Kingdom ($423M).

Tariffs: In 2018 the average tariff for Rhodium unwrought or in powder form was 4.39%, making it the 4627th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Rhodium unwrought or in powder form are Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (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: Rhodium unwrought or in powder form ranks 773rd 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.

Exporters and Importers

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Trade By Country

Top Origin (2019): South Africa, $1.56B

Top Destination (2019): United States, $1.53B

Rhodium unwrought or in powder form are the world's 586th most traded product.

In 2019, the top exporters of Rhodium unwrought or in powder form were South Africa ($1.56B), United Kingdom ($908M), Germany ($886M), United States ($659M), and Belgium ($611M).

In 2019, the top importers of Rhodium unwrought or in powder form were United States ($1.53B), Germany ($975M), Japan ($624M), China ($521M), and United Kingdom ($423M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Kingdom, $467M

Top Destination Growth (2018 - 2019): United States, $647M

Between 2018 and 2019, the exports of Rhodium unwrought or in powder form grew the fastest in United Kingdom ($467M), South Africa ($411M), Germany ($384M), Belgium ($354M), and United States ($347M).

Between 2018 and 2019, the fastest growing importers of Rhodium unwrought or in powder form were United States ($647M), Germany ($421M), United Kingdom ($234M), China ($206M), and Japan ($190M).

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Market Concentration

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Cumulative market share

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

In 2019,  market concentration measured using Shannon Entropy, was 2.8. This means that most of the exports of Rhodium unwrought or in powder form are explained by 6 countries.

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TOP NET EXPORTER (2019): South Africa, $1.54B

TOP NET IMPORTER (2019): United States, $874M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Rhodium unwrought or in powder form were South Africa ($1.54B), Belgium ($559M), United Kingdom ($485M), Russia ($251M), and Italy ($74.3M).

In 2019, the countries that had a largest trade value in imports than in exports of Rhodium unwrought or in powder form were United States ($874M), Japan ($570M), China ($521M), Hong Kong ($265M), and Canada ($172M).

Import Tariffs

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In 2018, the average tariff for importing Rhodium unwrought or in powder form was 4.39%.  The countries with the highest tariffs for importing Rhodium unwrought or in powder form were Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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Product Complexity

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Diversification Frontier

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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.