# Palladium buyer markets and demand | HS 711021 | Yugalinks

Germany is the largest reported buyer market in this view, with imports of $2.0B.

## Buyer market evidence

| Buyer market | Latest imports | 5-year growth | Suppliers | Leading supplier |
| --- | --- | --- | --- | --- |
| Germany | $2.0B | -9.6% | 78 | South Africa |
| USA | $1.6B | -9.8% | 14 | Russia |
| Switzerland, Liechtenstein | $1.5B | +6.9% | 27 | USA |
| Japan | $1.3B | -11% | 18 | South Africa |
| United Kingdom | $895.3M | -20% | 22 | South Africa |
| China | $843.6M | -0.6% | 15 | Russia |
| Italy | $708.4M | -4.4% | 29 | Russia |
| China, Hong Kong Special Administrative Region | $568.7M | -21.2% | 14 | Russia |
| The former Yugoslav Republic of Macedonia | $561.3M | -3.6% | 2 | United Kingdom |
| Canada | $486.1M | +68.8% | 9 | South Africa |
| Republic of Korea | $404.0M | -10.5% | 12 | South Africa |
| Brazil | $281.6M | -7.2% | 5 | Germany |
| Armenia | $241.9M | +4,647.4% | 1 | Russia |
| Poland | $201.6M | +3.1% | 9 | Italy |
| Sudan | $182.7M | 0% | 1 | Uzbekistan |
| Belgium | $135.9M | -6.4% | 21 | Germany |
| India | $82.6M | -6% | 8 | United Kingdom |
| France | $55.0M | +0.8% | 14 | Italy |
| Spain | $50.3M | -5.1% | 10 | South Africa |
| Netherlands | $49.2M | +3.7% | 21 | Italy |
| Taiwan | $43.4M | -4.2% | 10 | USA |
| Thailand | $28.3M | -7.4% | 10 | Japan |
| Argentina | $22.0M | -21.7% | 6 | United Kingdom |
| Austria | $19.0M | -6.2% | 21 | Germany |
| Norway | $10.9M | +16.3% | 8 | Germany |
| World excl. EU | $7.4M | +1,275.1% | 1 | Belgium |
| South Africa | $7.0M | -27% | 4 | Germany |
| Ireland | $6.9M | -39% | 7 | Germany |
| Singapore | $5.3M | -24.2% | 11 | China |
| Portugal | $4.7M | -18.8% | 5 | Italy |
| Israel | $4.7M | -8.9% | 3 | USA |
| Belarus | $3.1M | +1.5% | 1 | Russia |
| Iraq | $3.1M | +77.4% | 1 | United Arab Emirates |
| Finland | $2.9M | -7.1% | 10 | Italy |
| Sweden | $2.2M | -28.5% | 11 | Italy |

## Buyer market price evidence

| Buyer market | Year | Trade value | USD per ton |
| --- | --- | --- | --- |
| USA | 2023 | $2.6B | $43,074,160.22 |
| Germany | 2023 | $2.5B | $43,691,861.93 |
| Japan | 2023 | $1.8B | $43,218,307.23 |
| China, Hong Kong Special Administrative Region | 2023 | $1.6B | $40,576,713.63 |
| China | 2023 | $1.4B | $55,759,161.34 |
| United Kingdom | 2023 | $1.4B | $42,869,680 |
| Italy | 2023 | $1.2B | $45,275,555.87 |
| Switzerland, Liechtenstein | 2023 | $1.1B | $27,699,198.97 |
| Republic of Korea | 2023 | $859.4M | $48,173,185.6 |
| The former Yugoslav Republic of Macedonia | 2023 | $758.3M | $44,112,558.84 |
| Canada | 2023 | $655.9M | $40,156,222.05 |
| Brazil | 2023 | $420.5M | $61,263,335.96 |
| Poland | 2023 | $415.9M | $43,713,023.33 |
| Ireland | 2023 | $248.2M | $45,887,625.55 |
| Belgium | 2023 | $156.6M | $50,673,462.96 |
| Spain | 2023 | $127.0M | $53,353,933.19 |
| Armenia | 2023 | $109.5M | $41,909,255.26 |
| India | 2023 | $91.4M | $45,405,760.68 |
| France | 2023 | $83.6M | $36,392,802.35 |
| Other Asia, nes | 2023 | $60.5M | $44,641,449.45 |

_Source: reported merchandise trade data. Updated 2026-08-14._