# HS 711031 Rhodium global trade data overview | Yugalinks

Reported global trade in rhodium, unwrought or in powder form reached $6.6B in 2024, with five-year annual growth of +5.8%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $1.0B | -32.8% | -30.5% |
| 2014 | $1.1B | +11% | -30.2% |
| 2015 | $1.0B | -8.6% | -12% |
| 2016 | $803.8M | -23.3% | -8% |
| 2017 | $1.3B | +63.5% | +4.6% |
| 2018 | $2.8B | +113.6% | +38.9% |
| 2019 | $5.0B | +76.5% | +83.3% |
| 2020 | $14.3B | +188.4% | +121.5% |
| 2021 | $29.1B | +103.6% | +118.1% |
| 2022 | $20.5B | -29.5% | +60.6% |
| 2023 | $9.8B | -52.4% | -11.9% |
| 2024 | $6.6B | -32.8% | -39.2% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $1.7B | +9.2% | 14 |
| Japan | $917.7M | +6.8% | 17 |
| China, Hong Kong Special Administrative Region | $871.8M | +22.1% | 14 |
| Germany | $843.9M | -2.6% | 67 |
| United Kingdom | $655.6M | +6.8% | 15 |
| China | $353.7M | -8% | 13 |
| Italy | $299.6M | +6.9% | 17 |
| Republic of Korea | $278.7M | +15.5% | 7 |
| Canada | $176.4M | +8.4% | 6 |
| Brazil | $134.3M | +6.6% | 7 |
| Belgium | $95.6M | +13.9% | 13 |
| Poland | $70.3M | +0.5% | 3 |

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