Material Insights · Understanding the Material World

Palladium: Movement

Why the US both exports and imports the most

What this tab covers How it flows between countries: the largest bilateral trade routes drawn on a world map, 2024 UN Comtrade export and import values with the top exporters and importers by share, plus shipping routes, chokepoints and trade restrictions.

World trade in unwrought palladium (HS 711021) was about $9.3 billion of exports and $12.8 billion of imports in 2024. The US was both the largest exporter (25.7%) and importer (15.9%), reflecting re-exports and recycling flows. South Africa (21.2%), the UK (16.0%) and Italy (10.3%) also exported heavily, while Germany (15.6%), Switzerland (11.9%) and Japan (9.6%) were major buyers. Russia, the largest miner, is absent from the reported exporters because it stopped publishing detailed trade statistics in 2022; USGS says it supplied 36% of US imports in 2021-24. US net import reliance reached 57% in 2025.

Main trade routes, 2024

Chart: World map of the largest trade flows

Exporter (size = share of world exports) Importer (share of world imports) Largest bilateral flows (width = value) Shipping chokepoint UN Comtrade 2024, reported exports by the top four exporters of each traded form to their partners (US$). Bubbles: shares of reported world exports and imports for the main traded form. Hover a line or circle for values.

Palladium, unwrought · HS 711021

World exports 2024 $9.31 bn sum of 40 reporting countries World imports 2024 $12.8 bn sum of 40 reporting countries Top exporters, share of value United States 25.7% South Africa 21.2% United Kingdom 16% Italy 10.3% Germany 5.9% Belgium 5.4% Top importers, share of value United States 15.9% Germany 15.6% Switzerland 11.9% Japan 9.6% United Kingdom 7.5% China 7.2% UN Comtrade, reporter declarations to the world, US$. Exports and imports are reported separately, so totals differ. Re-exporting hubs (Netherlands, Singapore, Switzerland, UAE) can appear large.