International sales of palladium exported by country totaled US$22.3 billion in 2019.
That dollar amount reflects a 183.8% increase for all palladium shippers over the five-year period starting in 2015 when exported palladium was valuated at $7.9 billion. Year over year, global palladium exports appreciated by 57% from 2018 to 2019.
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. For research purposes, 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 83.1% of all exported palladium during 2019, and 16.9% for semi-manufactured palladium.
From a continental perspective, suppliers in Europe sold the highest dollar worth of unwrought or powdered palladium exports during 2019 with shipments valued at $13 billion or 70.2% of the global subtotal. In second place were North American exporters at 13.8% just ahead of the 13% of unwrought or powdered palladium shipments originated from Africa. Smaller percentages came from exporters in Asia (3%) and Oceania (0.01%) mostly New Zealand and Australia.
For worldwide semi-manufactured palladium shipments, European exporters also dominated with a 60.5% share of those exports followed by North American providers at 24.1%, Africa at 10.6% and Asia at 4.5%. Smaller percentages originated from Latin America (0.2%) excluding Mexico but including the Caribbean, and Oceania (0.04%) led by Australia.
Palladium Exports by Country
Below are the 15 countries that exported the highest dollar value worth of palladium in all forms during 2019.
- Russia: US$4.3 billion (19.1% of total palladium exports)
- United Kingdom: $4 billion (17.9%)
- United States: $3.1 billion (14%)
- South Africa: $2.8 billion (12.6%)
- Germany: $2 billion (9.1%)
- Italy: $1.6 billion (7.1%)
- Switzerland: $1.4 billion (6.5%)
- Belgium: $1.3 billion (6.1%)
- Japan: $409.2 million (1.8%)
- Canada: $356.7 million (1.6%)
- Norway: $299.1 million (1.3%)
- Finland: $112 million (0.5%)
- Hong Kong: $111.9 million (0.5%)
- Austria: $93.2 million (0.4%)
- France: $70.5 million (0.3%)
Among the above countries, the fastest-growing palladium exporters since 2015 were: Russia (up 541.9%), Switzerland (up 416.6%), Belgium (up 387.2%) and Germany (up 197.1%).
By value, the listed 15 countries shipped 98.7% of all palladium exported in 2019.
Below are the 15 countries that exported the highest dollar value worth of unprocessed or powder palladium during 2019.
- Russia: US$4.3 billion (23% of globally exported raw or powder palladium)
- United Kingdom: $2.7 billion (14.6%)
- United States: $2.6 billion (13.8%)
- South Africa: $2.4 billion (13%)
- Germany: $1.8 billion (9.7%)
- Italy: $1.5 billion (8.3%)
- Belgium: $1.3 billion (7.2%)
- Switzerland: $860.3 million (4.6%)
- Japan: $306.1 million (1.7%)
- Norway: $299.1 million (1.6%)
- Finland: $112 million (0.6%)
- Hong Kong: $104.2 million (0.6%)
- South Korea: $52.3 million (0.3%)
- France: $45.6 million (0.2%)
- China: $28.5 million (0.2%)
Among the above countries, the fastest-growing exporters of raw or powder palladium since 2015 were: China (up 16,580%), Russia (up 542.3%), Switzerland (up 396.7%) and Belgium (up 390%).
South Korea posted a decline in its sales of exported raw or powder palladium via a -61.8% drop.
By value, the listed 15 countries shipped 99.3% of all raw or powder palladium exported in 2019.
Below are the 15 countries that exported the highest dollar value worth of semi-manufactured palladium during 2019.
- United Kingdom: US$1.3 billion (34.2% of exported semi-manufactured palladium)
- Switzerland: $578.9 million (15.4%)
- United States: $552.2 million (14.7%)
- South Africa: $397.7 million (10.6%)
- Canada: $353.1 million (9.4%)
- Germany: $226 million (6%)
- Japan: $103.1 million (2.7%)
- Austria: $77.1 million (2.1%)
- Italy: $41.5 million (1.1%)
- Singapore: $27.1 million (0.72%)
- France: $24.9 million (0.66%)
- South Korea: $14.5 million (0.39%)
- Poland: $14.3 million (0.38%)
- Belgium: $10.7 million (0.28%)
- Czech Republic: $9.6 million (0.26%)
Among the above countries, the fastest-growing exporters of semi-manufactured palladium since 2015 were: Singapore (up 1,940%), Switzerland (up 449.3%), South Korea (up 449.2%) and the United States (up 210.1%).
By value, the listed 15 countries shipped 98.8% of all semi-manufactured palladium exported in 2019.
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
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on May 29, 2020
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on May 29, 2020
International Trade Centre, Trade Map. Accessed on May 29, 2020
Investopedia, Net Exports Definition. Accessed on May 29, 2020
Mining Feeds, Palladium Mining Companies Listed in All Countries. Accessed on June 18, 2019
Wikipedia, Palladium. Accessed on June 18, 2019