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711049 (Harmonized System 1992 for 6-digit)

2023
World Trade $308MRnk 3314 / 4644
2023
Top Exporter | Top Importer $78M | $70.5MJapan | United States
2023
Product Complexity 1.77Rnk 65 / 4656
2022 - 2023
Export Growth (CAGR) -38%Rnk 4416 / 4644
2023
Share of World Trade 0.0014%Rnk 3314 / 4644

About

Overview This page contains the latest trade data of Iridium, osmium and ruthenium, semi-manufactured. In 2023, Iridium, osmium and ruthenium, semi-manufactured were the world's 3314th most traded product, with a total trade of $308M. Between 2022 and 2023 the exports of Iridium, osmium and ruthenium, semi-manufactured decreased by -38%, from $497M to $308M. Trade in Iridium, osmium and ruthenium, semi-manufactured represent 0.0014% of total world trade.

Iridium, osmium and ruthenium, semi-manufactured are a part of Platinum.

Exports In 2023 the top exporters of Iridium, osmium and ruthenium, semi-manufactured  were Japan ($78M), United Kingdom ($57.7M), Chinese Taipei ($55.6M), Germany ($47.9M), and South Africa ($24.6M).

Imports In 2023 the top importers of Iridium, osmium and ruthenium, semi-manufactured were United States ($70.5M), China ($42.4M), Germany ($39.1M), United Kingdom ($33.4M), and Austria ($25.1M).

Ranking Iridium, osmium and ruthenium, semi-manufactured ranks 65th in the Product Complexity Index (PCI).

Description Iridium, osmium, and ruthenium are used in the manufacture of electrochemical cells and electroplating. Iridium is expensive, so it is used sparingly.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iridium, osmium and ruthenium, semi-manufactured. 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)Japan$78M
Top Destination (2023)United States$70.5M

In 2023 Iridium, osmium and ruthenium, semi-manufactured were the world's 3314th most traded product (out of 4,644).

In 2023, the top exporters of Iridium, osmium and ruthenium, semi-manufactured were Japan ($78M), United Kingdom ($57.7M), Chinese Taipei ($55.6M), Germany ($47.9M), and South Africa ($24.6M).

In 2023, the top importers of Iridium, osmium and ruthenium, semi-manufactured were United States ($70.5M), China ($42.4M), Germany ($39.1M), United Kingdom ($33.4M), and Austria ($25.1M).

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Exporters of Iridium, osmium and ruthenium, semi-manufactured (2023)
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Importers of Iridium, osmium and ruthenium, semi-manufactured (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$11.1M
Top Destination Growth (2022 -  2023)Germany$13.5M

Between 2022 and 2023, the exports of Iridium, osmium and ruthenium, semi-manufactured grew the fastest in Japan ($11.1M), Canada ($5.97M), United States ($4.89M), Germany ($1.62M), and Italy ($585k).

Between 2022 and 2023, the fastest growing importers of Iridium, osmium and ruthenium, semi-manufactured were Germany ($13.5M), United Kingdom ($11M), Canada ($5.82M), Bulgaria ($1.08M), and Netherlands ($843k).

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Exporters of Iridium, osmium and ruthenium, semi-manufactured (2022 - 2023)

Importers of Iridium, osmium and ruthenium, semi-manufactured (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iridium, osmium and ruthenium, semi-manufactured.

In 2023, market concentration measured using Shannon Entropy, was 2.9. This means that most of the exports of Iridium, osmium and ruthenium, semi-manufactured are explained by 7 countries.

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Value of Exports in Iridium, osmium and ruthenium, semi-manufactured

Net Trade

TOP NET EXPORTER (2023)Japan$54.1M
TOP NET IMPORTER (2023)United States$48.5M

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

In 2023, the countries that had a largest trade value in exports than in imports of Iridium, osmium and ruthenium, semi-manufactured were Japan ($54.1M), Chinese Taipei ($52M), South Africa ($24.3M), United Kingdom ($24.3M), and Germany ($8.76M).

In 2023, the countries that had a largest trade value in imports than in exports of Iridium, osmium and ruthenium, semi-manufactured were United States ($48.5M), China ($41.1M), Austria ($24.5M), Singapore ($14.4M), and Malaysia ($8.74M).

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 Iridium, osmium and ruthenium, semi-manufactured.
It is possible to select the main countries that export or import Iridium, osmium and ruthenium, semi-manufactured in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iridium, osmium and ruthenium, semi-manufactured 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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