Palladium Exports by Country

Silvery-white metal palladium

Rare silver-white metal

International sales for palladium exports by country totaled US$11.7 billion in 2017.

That dollar amount reflects a 37.4% increase for all palladium shippers over the five-year period starting in 2013 when exported palladium was valuated at $8.5 billion. Year over year, the palladium exports appreciated by 47.2% from 2016 to 2017.

Palladium is a silvery-white rare metal used to make vehicle catalytic converters, jewelry, timepieces, electrical contacts, surgical instruments, spark plugs and blood sugar test strips. Like gold, silver and platinum, palladium is also reported as bullion with its own currency codes.

In international trade classifications, there are two major subcategories of platinum. The 6-digit Harmonized Tariff System code prefix is 711021 for palladium in either unwrought or powder form. Code prefix 711029 represents semi-manufactured palladium.

Unwrought or powder palladium accounted for 81.4% of all exported palladium during 2017, and 18.6% for semi-manufactured palladium.

From a continental perspective, European countries accounted for the highest dollar worth of unwrought or powdered palladium exports during 2017 with shipments valued at $6.5 billion or 68.1% of the global subtotal. In second place were African exporters at 16% while 13.5% of unwrought or powdered palladium shipments originated from North America trailed by Asian exporters at 3.2%.

For worldwide semi-manufactured palladium, European exporters also dominated with a 69% share of those exports followed by North America at 18.9%, Africa at 7.2% and Asia at 4.9%.

Palladium Exports by Country

Overall

Below are the 15 countries that exported the highest dollar value worth of palladium in all forms during 2017.

  1. United Kingdom: US$2.48 billion (21.2% of total palladium exports)
  2. Russia: $2.45 billion (21%)
  3. South Africa: $1.7 billion (14.4%)
  4. United States: $1.5 billion (12.5%)
  5. Germany: $924.6 million (7.9%)
  6. Italy: $716.6 million (6.1%)
  7. Switzerland: $575.2 million (4.9%)
  8. Belgium: $307.1 million (2.6%)
  9. Canada: $242.6 million (2.1%)
  10. Japan: $191.2 million (1.6%)
  11. Norway: $162.3 million (1.4%)
  12. Hong Kong: $93.1 million (0.8%)
  13. Luxembourg: $92.3 million (0.79%)
  14. Finland: $80.2 million (0.69%)
  15. Austria: $48.9 million (0.4%)

By value, the listed 15 countries shipped 98.3% of all palladium exports in 2017.

Among the above countries, the fastest-growing palladium exporters since 2013 were: Luxembourg (up 62,680%), Hong Kong (up 624%), Russia (up 177.8%) and Finland (up 118.4%).

Five countries posted declines in their exported palladium sales namely Switzerland (down -50.1%), Japan (down -20.8%), Germany (down -18.7%) and Belgium (down -3.4%).

Raw

Below are the 15 countries that exported the highest dollar value worth of unprocessed or powder palladium during 2017.

  1. Russia: US$2.4 billion (25.7% of globally exported raw or powder palladium)
  2. United Kingdom: $1.5 billion (16.2%)
  3. South Africa: $1.5 billion (16%)
  4. United States: $1.2 billion (12.9%)
  5. Germany: $716.6 million (7.5%)
  6. Italy: $695.3 million (7.3%)
  7. Switzerland: $378.6 million (4%)
  8. Belgium: $303 million (3.2%)
  9. Norway: $162.3 million (1.7%)
  10. Japan: $110.2 million (1.2%)
  11. Luxembourg: $92 million (1%)
  12. Hong Kong: $80.9 million (0.9%)
  13. Finland: $80.2 million (0.8%)
  14. Canada: $58.3 million (0.6%)
  15. France: $24.4 million (0.3%)

By value, the listed 15 countries shipped 99.3% of all unprocessed or powder palladium exports in 2017.

Among the above countries, the fastest-growing raw or powder palladium exporters since 2013 were: Hong Kong (up 1,111%), Russia (up 177.5%), Finland (up 118.4%) and Italy (up 80.7%).

Four countries suffered declines in their exported raw or powder palladium sales namely Switzerland (down -64.3%), Germany (down -20.6%), Norway (down -3.1%) and Belgium (down -2.9%).

Semi-Manufactured

Below are the 15 countries that exported the highest dollar value worth of semi-manufactured palladium during 2017.

  1. United Kingdom: US$929.7 million (42.7% of globally exported semi-manufactured palladium)
  2. United States: $226.4 million (10.4%)
  3. Germany: $208 million (9.6%)
  4. Switzerland: $196.6 million (9%)
  5. Canada: $184.3 million (8.5%)
  6. South Africa: $156 million (7.2%)
  7. Japan: $81 million (3.7%)
  8. Austria: $41.4 million (1.9%)
  9. Ukraine: $28.1 million (1.3%)
  10. France: $22.3 million (1.02%)
  11. Italy: $21.2 million (0.98%)
  12. Spain: $18.4 million (0.84%)
  13. Czech Republic: $18.1 million (0.83%)
  14. Hong Kong, China: $12.2 million (0.6%)
  15. Korea, Republic of: $8.4 million (0.4%)

By value, the listed 15 countries shipped 98.8% of all semi-manufactured palladium exports in 2017.

Among the above countries, the fastest-growing semi-manufactured palladium exporters since 2013 were: United Kingdom (up 1,942%), South Korea (up 301.3%), France (up 195.8%) and Switzerland (up 116.6%).

Five countries incurred declines in their exported semi-manufactured palladium sales namely South Africa (down -67%), Japan (down -46.8%), Italy (down -25.2%) and the United States (down -12.1%) and Germany (-11.7%).

Companies

Global Palladium Miners

According to MiningFeeds.com, the following mining companies represent established players engaged in the international palladium trade. Their home country is shown within parenthesis.

  • Eastern Platinum Limited (Canada)
  • Lonmin plc (United Kingdom)
  • North American Palladium Ltd (Canada)
  • Resource and Investment NL (Australia)
  • Solitario Exploration & Royalty (United Kingdom)
  • Stillwater Mining Co. (United States)
  • Thundelarra Exploration Ltd (Australia)
  • Zimplats Holdings Ltd (Australia)









 
See also Gold Exports by Country, Silver Exports by Country, Platinum Exports by Country and Uranium Exports by Country

Research Sources:
The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on June 18, 2018

Trade Map, International Trade Centre. Accessed on June 18, 2018

Wikipedia, Palladium. Accessed on June 18, 2018

Mining Feeds, Palladium Mining Companies Listed in All Countries. Accessed on June 18, 2018