Palladium Exports by Country

Silvery-white metal palladium

Rare silver-white metal

International sales of palladium exports by country totaled US$13.9 billion in 2018.

That dollar amount reflects a 60.8% increase for all palladium shippers over the five-year period starting in 2014 when exported palladium was valuated at $8.7 billion. Year over year, the palladium exports appreciated by 17.4% from 2017 to 2018.

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 82.1% of all exported palladium during 2018, and 17.9% for semi-manufactured palladium.

From a continental perspective, Europe sold the highest dollar worth of unwrought or powdered palladium exports during 2018 with shipments valued at $7.5 billion or 65.5% of the global subtotal. In second place were African exporters at 16.7% while 16.2% of unwrought or powdered palladium shipments originated from North America. Smaller percentages came from exporters in Asia (1.6%), Latin America (0.02%) excluding Mexico but including the Caribbean and Oceania (0.01%) mainly New Zealand and Australia.

For worldwide semi-manufactured palladium shipments, European exporters also dominated with a 62.9% share of those exports followed by North America at 21.7%, Africa at 10.1% and Asia at 5.2%. Smaller percentages originated from Oceania (0.04%) led by Australia, then Latin America (0.03%) excluding Mexico but including the Caribbean.

Palladium Exports by Country

Overall

Below are the 15 countries that exported the highest dollar value worth of palladium in all forms during 2018.

  1. Russia: US$2.8 billion (20.2% of total palladium exports)
  2. United Kingdom: $2.7 billion (19.7%)
  3. South Africa: $2.2 billion (15.5%)
  4. United States: $2.1 billion (15.2%)
  5. Germany: $1.4 billion (10.2%)
  6. Italy: $890.3 million (6.4%)
  7. Switzerland: $520.4 million (3.7%)
  8. Canada: $268.3 million (1.9%)
  9. Belgium: $236.7 million (1.7%)
  10. Japan: $212.6 million (1.5%)
  11. Norway: $193.2 million (1.4%)
  12. Finland: $70.1 million (0.5%)
  13. France: $69.6 million (0.5%)
  14. Austria: $56.6 million (0.41%)
  15. Hong Kong: $36.8 million (0.3%)

By value, the listed 15 countries shipped 99.1% of all palladium exports in 2018.

Among the above countries, the fastest-growing palladium exporters since 2014 were: Russia (up 526.0%), France (up 119.4%), United Kingdom (up 74.9%) and South Africa (up 72.1%).

Four countries posted declines in their exported palladium sales namely: Switzerland (down -47.1%), Belgium (down -17%), Japan (down -6.8%) and Hong Kong (down -6.3%).

Raw

Below are the 15 countries that exported the highest dollar value worth of unprocessed or powder palladium during 2018.

  1. Russia: US$2.8 billion (24.6% of globally exported raw or powder palladium)
  2. South Africa: $1.9 billion (16.7%)
  3. United States: $1.8 billion (15.9%)
  4. United Kingdom: $1.7 billion (14.5%)
  5. Germany: $1.2 billion (10.5%)
  6. Italy: $863.9 million (7.6%)
  7. Switzerland: $392.8 million (3.4%)
  8. Belgium: $228.4 million (2%)
  9. Norway: $193.2 million (1.7%)
  10. Japan: $126.2 million (1.1%)
  11. Finland: $70.1 million (0.6%)
  12. France: $36.7 million (0.3%)
  13. Canada: $29.8 million (0.3%)
  14. Hong Kong: $22.6 million (0.2%)
  15. Austria: $12 million (0.1%)

By value, the listed 15 countries shipped 99.4% of all unprocessed or powder palladium exports in 2018.

Among the above countries, the fastest-growing raw or powder palladium exporters since 2014 were: Russia (up 526.6%), South Africa (up 175.8%), France (up 129.2%) and Austria (up 102.4%).

Three countries posted declines in their exported raw or powder palladium sales namely: Switzerland (down -55.7%), Belgium (down -18.4%) and Japan (down -14.2%).

Semi-Manufactured

Below are the 15 countries that exported the highest dollar value worth of semi-manufactured palladium during 2018.

  1. United Kingdom: US$1.1 billion (43.3% of globally exported semi-manufactured palladium)
  2. United States: $298.8 million (12%)
  3. South Africa: $251.4 million (10.1%)
  4. Canada: $238.5 million (9.6%)
  5. Germany: $220.3 million (8.9%)
  6. Switzerland: $127.6 million (5.1%)
  7. Japan: $86.3 million (3.5%)
  8. Austria: $44.6 million (1.8%)
  9. France: $32.9 million (1.3%)
  10. Italy: $26.4 million (1.1%)
  11. Hong Kong: $14.2 million (0.6%)
  12. Poland: $11.4 million (0.5%)
  13. South Korea: $10.7 million (0.4%)
  14. Spain: $8.7 million (0.3%)
  15. India: $8.4 million (0.3%)

By value, the listed 15 countries shipped 98.9% of all semi-manufactured palladium exports in 2018.

Among the above countries, the fastest-growing semi-manufactured palladium exporters since 2014 were: India (up 1,492%), United Kingdom (up 781.1%), South Korea (up 464.3%) and Poland (up 168%).

Three countries posted declines in their exported semi-manufactured palladium sales namely: South Africa (down -55.3%), Hong Kong, China (down -31.5%) and Spain (down -17.7%).

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:
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on June 1, 2019

Investopedia, Net Exports Definition. Accessed on June 1, 2019

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

The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on June 1, 2019

Trade Map, International Trade Centre. Accessed on June 1, 2019

Wikipedia, Palladium. Accessed on June 18, 2018