Official data Source: US Census Bureau international trade data
Track this productPalladium, unwrought or in powder form
In short
- The US imported $1.98B of this product over the 12 months to August 2026, down 19% on the year before.
- Russia is the largest supplier, with 43.3% of US imports; South Africa is next, with 32.5%.
- Russia is the cheapest main supplier before and after freight and duty, landing at $40.72/component g.
- Duty paid averaged 0.0% of the value of imports in August 2026, the same as a year earlier.
- South Africa is gaining share: 70.1% over the last 12 months, up from 39.3%.
- 9 Federal Register notices named this product's tariff codes in the last 12 months.
US imports, Aug 2026
$272.8M
↑ +85% vs Aug 2025
Last 12 months
$1.98B
↓ −19% vs the 12 months before
Average duty paid
0.0%
0.0 pts vs Aug 2025
Top supplier
Russia
43.3% of US imports
US imports by month
The last 13 months, so the same month a year ago is on the left. August 2026 is highlighted.
Show the numbers
| Month | US imports |
|---|---|
| August 2025 | $147.7M |
| September 2025 | $169.8M |
| October 2025 | $196.9M |
| November 2025 | $140.1M |
| December 2025 | $160.6M |
| January 2026 | $103.9M |
| February 2026 | $159.5M |
| March 2026 | $177.2M |
| April 2026 | $113.4M |
| May 2026 | $121.7M |
| June 2026 | $188.8M |
| July 2026 | $178.5M |
| August 2026 | $272.8M |
What changed
- US imports were $272.8M in August 2026, up 53% from July 2026 and up 85% from August 2025.
- Over the 12 months to August 2026 they totalled $1.98B, down 19% on the 12 months before.
- Biggest moves in market share since July 2026: Russia up from 0.0% to 43.3%, South Africa down from 64.7% to 32.5%.
- Average price from South Africa fell 6.4% since July 2026, to $41.25/component g.
- Duty paid by the main suppliers held within 2 points of July 2026.
US trade by year
US imports were $1.98B in the 12 months to Aug 2026, up 16% on the 12 months to Aug 2017. US exports were $2.28B, up 163%.
Show the numbers
| Period | US imports |
|---|---|
| 12 months to Aug 2017 | $1.71B |
| 12 months to Aug 2018 | $2.62B |
| 12 months to Aug 2019 | $2.99B |
| 12 months to Aug 2020 | $3.22B |
| 12 months to Aug 2021 | $4.32B |
| 12 months to Aug 2022 | $3.86B |
| 12 months to Aug 2023 | $3.28B |
| 12 months to Aug 2024 | $2.19B |
| 12 months to Aug 2025 | $2.44B |
| 12 months to Aug 2026 | $1.98B |
- South Africa
- Korea, South
- Belgium
- Russia
- All countries
Show the numbers
| Period | South Africa | Korea, South | Belgium | Russia |
|---|---|---|---|---|
| 12 months to Aug 2017 | 39.8% | 0.0% | 1.1% | 42.0% |
| 12 months to Aug 2018 | 33.7% | 0.3% | 0.8% | 30.7% |
| 12 months to Aug 2019 | 33.3% | 0.5% | 2.4% | 43.0% |
| 12 months to Aug 2020 | 32.4% | 0.0% | 7.6% | 46.8% |
| 12 months to Aug 2021 | 30.6% | 4.5% | 7.8% | 42.3% |
| 12 months to Aug 2022 | 37.2% | 4.1% | 9.4% | 31.7% |
| 12 months to Aug 2023 | 34.0% | 5.2% | 8.5% | 40.6% |
| 12 months to Aug 2024 | 44.7% | 4.6% | 5.2% | 39.5% |
| 12 months to Aug 2025 | 39.3% | 4.1% | 4.7% | 42.6% |
| 12 months to Aug 2026 | 70.1% | 7.4% | 7.0% | 6.0% |
Show the numbers
| Period | South Africa | Korea, South | Belgium | Russia | All countries |
|---|---|---|---|---|---|
| 12 months to Aug 2017 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 12 months to Aug 2018 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 12 months to Aug 2019 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 12 months to Aug 2020 | 0.0% | n/a | 0.0% | 0.0% | 0.0% |
| 12 months to Aug 2021 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 12 months to Aug 2022 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 12 months to Aug 2023 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 12 months to Aug 2024 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 12 months to Aug 2025 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 12 months to Aug 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Period | US imports | Duty paid | US exports |
|---|---|---|---|
| 12 months to Aug 2026 | $1.98B−19% | 0.0%0.0 pts | $2.28B−0.3% |
| 12 months to Aug 2025 | $2.44B+11% | 0.0%0.0 pts | $2.29B+1.2% |
| 12 months to Aug 2024 | $2.19B−33% | 0.0%0.0 pts | $2.26B−31% |
| 12 months to Aug 2023 | $3.28B−15% | 0.0%0.0 pts | $3.26B−16% |
| 12 months to Aug 2022 | $3.86B−11% | 0.0%0.0 pts | $3.88B−22% |
| 12 months to Aug 2021 | $4.32B+34% | 0.0%0.0 pts | $4.96B+46% |
| 12 months to Aug 2020 | $3.22B+7.8% | 0.0%0.0 pts | $3.39B+52% |
| 12 months to Aug 2019 | $2.99B+14% | 0.0%0.0 pts | $2.23B+16% |
| 12 months to Aug 2018 | $2.62B+54% | 0.0%0.0 pts | $1.93B+122% |
| 12 months to Aug 2017 | $1.71B | 0.0% | $868.7M |
Who supplies the US
August 2026. Small figures under each value are the change from August 2025. Landed cost by origin, below, adds freight and duty to the price.
| Country | US imports | Share | Average price | Duty paid | Last 13 months |
|---|---|---|---|---|---|
| Russia | $118.1M | 43.3%new | $40.71/component g | 0.0% | |
| South Africa | $88.8M | 32.5%−29.8 pts | $41.25/component g+12% | 0.0%0.0 pts | |
| Belgium | $26.6M | 9.7%−2.0 pts | $43.34/component g+17% | 0.0%0.0 pts | |
| Korea, South | $16.8M | 6.2%−0.1 pts | $45.99/component g+26% | 0.0%0.0 pts | |
| Japan | $12.5M | 4.6%+3.1 pts | $41.59/component g+0.1% | 0.0%0.0 pts | |
| Italy | $6.5M | 2.4%new | $41.97/component g | 0.0% | |
| Switzerland | $2.9M | 1.1%−13.1 pts | $42.06/component g+16% | 0.0%0.0 pts | |
| Germany | $672K | 0.2%−3.8 pts | $37.52/component g+1.0% | 0.0%0.0 pts | |
| United Kingdom | $25K | 0.0%new | $42.81/component g | 0.0% | |
| All countries | $272.8M | 100.0% | $41.50/component g+13% | 0.0%0.0 pts |
The 3 largest suppliers had 84.5% of US imports over the last 12 months.
Landed cost by origin
What importers paid to land this product at a US port from each main supplier, June–August 2026: the price, freight and insurance to the first US port, and duty, per unit. Suppliers with 3% or more of these imports, cheapest landed first. Small figures under landed cost are the change from the same months a year earlier.
- Price
- Freight and insurance
- Duty
| Country | Price | Freight and insurance | Duty | Landed cost | Make-up |
|---|---|---|---|---|---|
| Russia | $40.71/component g | $0.00/component g0.0% of price | $0.00/component g0.0% of price | $40.72/component g+20% | |
| Norway | $41.73/component g | $0.00/component g0.0% of price | $0.00/component g0.0% of price | $41.73/component g+24% | |
| South Africa | $43.99/component g | $0.09/component g0.2% of price | $0.00/component g0.0% of price | $44.09/component g+27% | |
| Belgium | $44.15/component g | $0.01/component g0.0% of price | $0.00/component g0.0% of price | $44.16/component g+26% | |
| Japan | $43.86/component g | $0.69/component g1.6% of price | $0.00/component g0.0% of price | $44.55/component g+7.9% | |
| Korea, South | $46.51/component g | $1.49/component g3.2% of price | $0.00/component g0.0% of price | $48.00/component g+34% | |
| All countries | $43.25/component g | $0.21/component g0.5% of price | $0.00/component g0.0% of price | $43.46/component g+25% |
Landed at a US port, Russia was cheapest, at $40.72/component g: 2.4% below Norway.
Landed cost from Korea, South rose 34% on a year earlier, to $48.00/component g, mostly on price: $35.70/component g then, $46.51/component g now.
How the market is shifting
South Africa gained the most share: 70.1% of US imports over the last 12 months, up from 39.3% in the 12 months before. Russia lost the most: 6.0%, down from 42.6%. The charts show September 2024 to August 2026 for the 4 largest suppliers over the last 12 months.
- South Africa
- Korea, South
- Belgium
- Russia
- All countries
Show the numbers
| Month | South Africa | Korea, South | Belgium | Russia |
|---|---|---|---|---|
| September 2024 | 39.4% | 4.9% | 1.4% | 51.0% |
| October 2024 | 25.5% | 2.7% | 3.0% | 66.8% |
| November 2024 | 84.7% | 7.9% | 3.5% | 0.0% |
| December 2024 | 61.9% | 7.4% | 6.6% | 14.9% |
| January 2025 | 42.0% | 3.0% | 0.6% | 38.8% |
| February 2025 | 49.3% | 3.8% | 0.9% | 37.9% |
| March 2025 | 25.8% | 3.8% | 23.9% | 43.4% |
| April 2025 | 31.8% | 3.1% | 0.9% | 53.4% |
| May 2025 | 29.5% | 4.0% | 2.5% | 53.1% |
| June 2025 | 40.9% | 4.4% | 3.0% | 38.3% |
| July 2025 | 26.9% | 3.2% | 3.0% | 54.0% |
| August 2025 | 62.3% | 6.2% | 11.7% | 0.0% |
| September 2025 | 78.7% | 11.1% | 3.4% | 0.0% |
| October 2025 | 84.5% | 6.5% | 1.5% | 0.0% |
| November 2025 | 80.2% | 8.6% | 3.3% | 0.0% |
| December 2025 | 68.7% | 6.6% | 12.5% | 0.0% |
| January 2026 | 82.3% | 7.5% | 3.8% | 0.0% |
| February 2026 | 77.0% | 6.9% | 7.0% | 0.0% |
| March 2026 | 82.1% | 7.3% | 4.4% | 0.0% |
| April 2026 | 67.9% | 5.4% | 18.4% | 0.0% |
| May 2026 | 74.3% | 4.6% | 9.9% | 0.0% |
| June 2026 | 75.4% | 9.0% | 3.9% | 0.0% |
| July 2026 | 64.7% | 8.5% | 8.4% | 0.0% |
| August 2026 | 32.5% | 6.2% | 9.7% | 43.3% |
Show the numbers
| Month | South Africa | Korea, South | Belgium | Russia | All countries |
|---|---|---|---|---|---|
| September 2024 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| October 2024 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| November 2024 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| December 2024 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| January 2025 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| February 2025 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| March 2025 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| April 2025 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| May 2025 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| June 2025 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| July 2025 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| August 2025 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| September 2025 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| October 2025 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| November 2025 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| December 2025 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| January 2026 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| February 2026 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| March 2026 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| April 2026 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| May 2026 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| June 2026 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| July 2026 | 0.0% | 0.0% | 0.0% | n/a | 0.0% |
| August 2026 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Tariff actions touching this product
Federal Register notices from the last 12 months that list this product's tariff codes. A notice can add a duty, exclude products from one or only mention them, so read each for what it changes. These are the 5 newest of 9. Search the Federal Register for 7110.21
- Notice of Action: Brazil's Acts, Policies, and Practices Related to Digital Trade and Electronic Payment Services; Unfair, Preferential Tariffs; Anti-Corruption Enforcement; Intellectual Property Protection; Ethanol Market Access; and Illegal Deforestation
- Unwrought Palladium From Russia; Determinations
- Notice of Determination and Request for Comments Concerning Action Pursuant to Section 301: Brazil's Acts, Policies, and Practices Related to Digital Trade and Electronic Payment Services; Unfair, Preferential Tariffs; Anti-Corruption Enforcement; Intellectual Property Protection; Ethanol Market Access; and Illegal Deforestation
- Unwrought Palladium from the Russian Federation: Final Affirmative Countervailing Duy Determination
- Unwrought Palladium From the Russian Federation: Final Affirmative Determination of Sales at Less Than Fair Value
Where it enters the US
Main ports of entry over the 12 months to August 2026: US imports and share.
Where US exports go
US exports were $167.7M in August 2026, down 32% from August 2025, and $2.28B over the last 12 months, down 0.3% on the 12 months before. Fastest-growing market with 3% or more of US exports: Korea, South, up 129%.
| Market | Last 12 months | Share | vs 12 months before |
|---|---|---|---|
| Canada | $676.6M | 29.7% | +57% |
| Germany | $416.8M | 18.3% | +31% |
| Korea, South | $274.1M | 12.0% | +129% |
| Italy | $261.9M | 11.5% | −33% |
| Switzerland | $162.4M | 7.1% | −72% |
| Japan | $150.4M | 6.6% | −21% |
| Brazil | $95.3M | 4.2% | +69% |
| China | $79.3M | 3.5% | −4.6% |
| Other countries (21) | $164.6M | 7.2% | +38% |
| All countries | $2.28B | 100.0% | −0.3% |
Markets abroad
Each country's own import figures for this product, from UN Comtrade: the 8 biggest importers outside the US in the latest year each has reported, what they bought from the US, and the change from the year before. Values usually include freight and insurance to the importer's border, so they run a little above US export figures. Countries report a year or more late; 54 have reported 2025 so far. Where a country's figure for imports from the US is under half or over double what the US recorded exporting there that year, the US figure is shown under it.
| Market | Imports | vs year before | From the US | US share |
|---|---|---|---|---|
| Germany | $2.30Bin 2025 | +11% | $206.0M | 9.0% |
| Switzerland | $2.12Bin 2025 | +39% | $201.2M | 9.5% |
| Japan | $1.45Bin 2025 | +18% | $48.7MUS records $220.6M | 3.4% |
| China | $1.40Bin 2025 | +53% | $3.5MUS records $95.7M | 0.3% |
| United Kingdom | $1.27Bin 2025 | +32% | $40.3M | 3.2% |
| Italy | $844.6Min 2025 | +16% | $38.6MUS records $382.8M | 4.6% |
| Hong Kong | $680.4Min 2025 | −3.0% | $91K | 0.0% |
| North Macedonia | $636.4Min 2025 | +12% | $0 | 0.0% |
The biggest market outside the US is Germany, which imported $2.30B of this product in 2025, 9.0% of that from the US.
Of these, imports into Switzerland grew fastest: up 39% from 2024 to 2025.
Related products
Other products under heading 7110: platimun, unwrought or in semimanufactured forms, or in powder form. US trade over the 12 months to August 2026.
| Product | US imports | US exports |
|---|---|---|
| Platinum, unwrought or in powder formHS 7110.11 | $3.38B | $3.33B |
| Rhodium, unwrought or in powder formHS 7110.31 | $3.29B | $2.54B |
| Platinum metal, semimanufacturedHS 7110.19 | $1.11B | $636.0M |
| Iridium, osmium and ruthenium, unwrought or in powder formHS 7110.41 | $665.1M | $392.0M |
| Palladium, semimanufacturedHS 7110.29 | $365.6M | $264.4M |
| Iridium, osmium and ruthenium, semimanufacturedHS 7110.49 | $85.2M | $77.8M |
| Rhodium, semimanufacturedHS 7110.39 | $10.4M | $13.1M |
About these figures
- Source: US Census Bureau international trade data, not seasonally adjusted, in US dollars. Retrieved November 3, 2026.
- US imports are general imports at customs value, which excludes freight and insurance. Exports are at free-alongside-ship value.
- Average price is customs value divided by quantity (component grams), across all of the product's 10-digit lines.
- Duty paid is the duty Census calculates on each country's imports for consumption, as a share of their value. It moves with tariff changes, exemptions and the mix of goods within the product.
- Landed cost adds Census's import charges (freight, insurance and other costs of bringing the goods to the first US port) and calculated duty to the customs value, per unit, across the product's 10-digit lines. It leaves out antidumping and countervailing duties, customs fees and transport inland. Prices are averages across the goods within the code, so a lower one can mean cheaper goods, not the same goods for less.
- Markets abroad are each country's imports as it reports them to UN Comtrade, in US dollars, usually including freight and insurance. Countries report a year or more late and in their own edition of the HS codes, so one still on an older edition is missing for codes that changed in 2022.
- Tariff notices are from the Federal Register, matched to this product by the HTS numbers in their text.
- Census revises recent months, so figures can change slightly. These are estimates for research and planning, not customs or legal advice.