# HS 711021 Palladium global trade data overview | Yugalinks

Reported global trade in palladium, unwrought or in powder form reached $12.1B in 2024, with five-year annual growth of -8.2%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $7.1B | +4% | +8.4% |
| 2014 | $7.2B | +1.4% | -3.8% |
| 2015 | $6.5B | -10.4% | -1.9% |
| 2016 | $6.5B | +0.6% | -3% |
| 2017 | $9.8B | +50% | +10.6% |
| 2018 | $12.0B | +22.9% | +22.9% |
| 2019 | $18.6B | +54.5% | +41.7% |
| 2020 | $24.7B | +33% | +36.2% |
| 2021 | $27.1B | +9.6% | +31.1% |
| 2022 | $23.6B | -12.7% | +8.3% |
| 2023 | $16.8B | -28.9% | -12.1% |
| 2024 | $12.1B | -28% | -23.5% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Germany | $2.0B | -9.6% | 78 |
| USA | $1.6B | -9.8% | 14 |
| Switzerland, Liechtenstein | $1.5B | +6.9% | 27 |
| Japan | $1.3B | -11% | 18 |
| United Kingdom | $895.3M | -20% | 22 |
| China | $843.6M | -0.6% | 15 |
| Italy | $708.4M | -4.4% | 29 |
| China, Hong Kong Special Administrative Region | $568.7M | -21.2% | 14 |
| The former Yugoslav Republic of Macedonia | $561.3M | -3.6% | 2 |
| Canada | $486.1M | +68.8% | 9 |
| Republic of Korea | $404.0M | -10.5% | 12 |
| Brazil | $281.6M | -7.2% | 5 |

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