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711041 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.1BRnk 1438 / 4648
2022
Top Exporter | Top Importer $947M | $519MSouth Africa | Japan
2022
Product Complexity 0.19Rnk 2218 / 4653
2021 - 2022
Export Growth (CAGR) -9.06%Rnk 3897 / 4648
2022
Share of World Trade 0.0089%Rnk 1438 / 4648

About

Overview This page contains the latest trade data of Iridium, osmium and ruthenium unwrought or powder for. In 2022, Iridium, osmium and ruthenium unwrought or powder for were the world's 1438th most traded product, with a total trade of $2.1B. Between 2021 and 2022 the exports of Iridium, osmium and ruthenium unwrought or powder for decreased by -9.06%, from $2.31B to $2.1B. Trade in Iridium, osmium and ruthenium unwrought or powder for represent 0.0089% of total world trade.

Iridium, osmium and ruthenium unwrought or powder for are a part of Platinum.

Exports In 2022 the top exporters of Iridium, osmium and ruthenium unwrought or powder for  were South Africa ($947M), Germany ($281M), Hong Kong ($264M), Belgium ($170M), and United Kingdom ($135M).

Imports In 2022 the top importers of Iridium, osmium and ruthenium unwrought or powder for were Japan ($519M), China ($344M), United States ($319M), Hong Kong ($260M), and Germany ($246M).

Ranking Iridium, osmium and ruthenium unwrought or powder for ranks 2218th in the Product Complexity Index (PCI).

Description Iridium is commonly used in the production of electrical components, automotive parts, medical instruments, and jewelry. Osmium is used as an alloying agent in electroplating, in the production of alloys for aircraft engines and in the detection of counterfeit coins. Ruthenium is used in the production of wear-resistant electrical contacts for switches, and as an alloying agent in jewelry.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Iridium, osmium and ruthenium unwrought or powder for. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)South Africa$947M
Top Destination (2022)Japan$519M

In 2022 Iridium, osmium and ruthenium unwrought or powder for were the world's 1438th most traded product (out of 4,648).

In 2022, the top exporters of Iridium, osmium and ruthenium unwrought or powder for were South Africa ($947M), Germany ($281M), Hong Kong ($264M), Belgium ($170M), and United Kingdom ($135M).

In 2022, the top importers of Iridium, osmium and ruthenium unwrought or powder for were Japan ($519M), China ($344M), United States ($319M), Hong Kong ($260M), and Germany ($246M).

Explore Visualizations

Exporters of Iridium, osmium and ruthenium unwrought or powder for (2022)
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Importers of Iridium, osmium and ruthenium unwrought or powder for (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Hong Kong$144M
Top Destination Growth (2021 -  2022)China$212M

Between 2021 and 2022, the exports of Iridium, osmium and ruthenium unwrought or powder for grew the fastest in Hong Kong ($144M), Germany ($12M), Japan ($9.35M), Russia ($9.03M), and Italy ($7.37M).

Between 2021 and 2022, the fastest growing importers of Iridium, osmium and ruthenium unwrought or powder for were China ($212M), United Kingdom ($60.7M), Italy ($15.4M), South Korea ($9.08M), and Switzerland ($7M).

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Exporters of Iridium, osmium and ruthenium unwrought or powder for (2021 - 2022)

Importers of Iridium, osmium and ruthenium unwrought or powder for (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iridium, osmium and ruthenium unwrought or powder for.

In 2022, market concentration measured using Shannon Entropy, was 2.67. This means that most of the exports of Iridium, osmium and ruthenium unwrought or powder for are explained by 6 countries.

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Value of Exports in Iridium, osmium and ruthenium unwrought or powder for

Net Trade

TOP NET EXPORTER (2022)South Africa$944M
TOP NET IMPORTER (2022)Japan$476M

This map shows which countries export or import more of Iridium, osmium and ruthenium unwrought or powder for. Each country is colored based on the difference in exports and imports of Iridium, osmium and ruthenium unwrought or powder for during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Iridium, osmium and ruthenium unwrought or powder for were South Africa ($944M), Belgium ($107M), Russia ($56.5M), Germany ($34.9M), and Ireland ($9.1M).

In 2022, the countries that had a largest trade value in imports than in exports of Iridium, osmium and ruthenium unwrought or powder for were Japan ($476M), China ($339M), United States ($219M), Chinese Taipei ($58.6M), and Switzerland ($19.3M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Iridium, osmium and ruthenium unwrought or powder for.
It is possible to select the main countries that export or import Iridium, osmium and ruthenium unwrought or powder for in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iridium, osmium and ruthenium unwrought or powder for by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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