How much palladium does Russia produce and export?
Russia is the largest producer of palladium: 84 tonnes in 2025, 44% of the world's 191 tonnes (USGS MCS). It is the largest exporter by value: $2.9 billion in 2024, 22% of world exports of unwrought palladium (HS 711021) (CEPII BACI). Its biggest customer is the United States, which takes 30% of its palladium exports by value.
All about palladium · All about Russia · Palladium price history
Russia's palladium production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 1 | 84 tonnes | 44% | — | 2025 |
USGS Mineral Commodity Summaries, MCS 2026. World total is the sum of reporting countries.
Russia's palladium exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 1 | $2.9 billion | 22% | 90.6 t | $32,089,024 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 711021 (Palladium, unwrought or in powder form).
Where Russia's palladium goes
| Destination | Value | Share of Russia's exports |
|---|---|---|
| United States | $878M | 30% |
| China | $626M | 22% |
| Hong Kong | $390M | 13% |
| Japan | $380M | 13% |
| Armenia | $253M | 8.7% |
The palladium price Russia sells into
The benchmark price, Palladium, spot, was $1,348/troy oz in August 2026, up 19% over twelve months. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Palladium price history.
Cite as: Commodity Origins, "Russia palladium: production, exports and prices", https://commodityorigins.com/countries/RUS/palladium/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.