That dollar amount results from a -53.7% plummet for all palladium shippers over the 5-year period starting in 2020 when exported palladium was valuated at $31 billion.
Year over year, global palladium exports slowed -25.2% starting from $19.2 billion starting from 2023.
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.
Major Suppliers of Palladium on Global Markets
The top 5 exporters of palladium are Russia, United States of America, South Africa, United Kingdom and Germany. By value, that quintet of leading palladium suppliers dominate nearly three-quarters (74.6%) of globally exported palladium during 2024.
From a continental perspective, shippers in Europe sold the highest dollar worth of palladium exports during 2024 with shipments valued at $8.1 billion or 56.7% of the global subtotal. In second place were exporters located in North America at 18.9%, ahead of another 17.1% of palladium shipments which originated from Africa.
Smaller percentages came from exporters in Asia (7.2%), Australia and New Zealand in Oceania (0.08%), then sellers located in Latin America (0.03%) excluding Mexico but including the Caribbean.
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 powdered palladium is the major form of palladium amounting to 85.5% of global palladium exports during 2024. Semi-manufactured palladium reflects a much smaller portion at 14.5%, up from 10.6% in 2023.
Overall Palladium Exports by Country
Below are the 15 countries that exported the highest dollar value worth of palladium in all forms during 2024.
- Russia: US$3.1 billion (21.5% of total palladium exports)
- United States: $2.49 billion (17.3%)
- South Africa: $2.46 billion (17.1%)
- United Kingdom: $1.6 billion (11.3%)
- Germany: $1.1 billion (7.3%)
- Italy: $981.4 million (6.8%)
- Belgium: $524.6 million (3.7%)
- Switzerland: $516.3 million (3.6%)
- Hong Kong: $325.7 million (2.3%)
- Armenia: $264.1 million (1.8%)
- Japan: $218.1 million (1.5%)
- Norway: $181.2 million (1.3%)
- South Korea: $151 million (1.1%)
- France: $60.5 million (0.42%)
- Austria: $53.9 million (0.38%)
By value, the listed 15 countries shipped 97.4% of all palladium exported in 2024.
Among the above countries, the slowest declining palladium exporters since 2020 was South Korea via a -2.2% slowdown.
Those countries that posted the greatest declines in their exported palladium sales were led by: United Kingdom (down -70%), Japan (down -69.2%), Belgium (down -69.1%) and Norway (down -63.1%).
Top 15 Exporters of Raw Palladium
Below are the 15 countries that exported the highest dollar value worth of unprocessed or powder palladium during 2024.
- Russia: US$2.9 billion (23.8% of raw palladium exports)
- United States: $2.4 billion (19.5%)
- South Africa: $2 billion (16.1%)
- United Kingdom: $1.5 billion (12.2%)
- Italy: $962.3 million (7.8%)
- Germany: $571.6 million (4.7%)
- Belgium: $524.5 million (4.3%)
- Hong Kong: $291.8 million (2.4%)
- Armenia: $264.1 million (2.1%)
- Switzerland: $204.4 million (1.7%)
- Norway: $181 million (1.5%)
- Japan: $167.1 million (1.4%)
- South Korea: $144.1 million (1.2%)
- Austria: $53.9 million (0.4%)
- France: $49.9 million (0.4%)
By value, the listed 15 countries shipped 99.3% of all raw palladium including powdered versions exported in 2024.
Among the above countries, the sole growth exporter of raw palladium since 2020 was South Korea via its 1.9% advance.
Those countries that posted declines in their exported raw palladium sales were led by: Switzerland (down -75.7% from 2020), Japan (down -71.4%), Belgium (down -69%) and Germany (down -68.7%).
Top 15 Exporters of Semi-Manufactured Palladium
Below are the 15 countries that exported the highest dollar value worth of semi-manufactured palladium during 2024.
- South Africa: US$487 million (23.4% of semi-manufactured palladium exports)
- Germany: $483 million (23.2%)
- Switzerland: $311.9 million (15%)
- Canada: $221.9 million (10.7%)
- Russia: $163.8 million (7.9%)
- United Kingdom: $125.1 million (6%)
- United States: $98 million (4.7%)
- Japan: $51.1 million (2.5%)
- Hong Kong: $33.9 million (1.6%)
- Italy: $19.1 million (0.92%)
- Spain: $14.6 million (0.70%)
- Singapore: $12.4 million (0.60%)
- France: $10.6 million (0.51%)
- Austria: $9.1 million (0.44%)
- Australia: $8.4 million (0.40%)
By value, the listed top 15 countries shipped 98.5% of all semi-manufactured palladium exported in 2024.
Among the above countries, the growth exporters of semi-manufactured palladium since 2020 were: Russia (up 57783.7%), Australia (up 417.8%), Spain (up 133.4%) and Germany (up 119.5%).
Major suppliers that posted declines in their exported semi-manufactured palladium sales were led by: United Kingdom (down -92.7% from 2020), United States of America (down -90%), Singapore (down -86.9%) and Austria (down -63.5%).
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:
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on January 15, 2026
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on January 15, 2026
International Trade Centre, Trade Map. Accessed on January 15, 2026
Investopedia, Net Exports Definition. Accessed on January 15, 2026
Mining Feeds, Palladium Mining Companies Listed in All Countries. Accessed on January 15, 2026
Wikipedia, Palladium. Accessed on January 15, 2026