About HS Code 711021
This HS code covers palladium in its most basic forms: unwrought (e.g., ingots, bars) or as a powder. Palladium is a crucial precious metal, primarily known for its exceptional catalytic properties. Importers are predominantly manufacturers in the automotive industry, where it is extensively used in catalytic converters, often preferred over platinum due to specific performance characteristics or cost considerations. Other significant importers include the electronics sector (for capacitors and connectors) and dentistry. Exporters are typically countries with substantial palladium mining operations or advanced refining capabilities. The global trade in unwrought or powder palladium is highly dynamic, influenced by automotive production trends, evolving environmental regulations, and its role as an investment commodity. Purity and specific form are critical specifications for trade and end-use applications.
Products Under This Code
Palladium ingots, Palladium bars, Palladium powder, Palladium sponge, Palladium grain, Palladium shot, Palladium buttons
Real World Examples
Norilsk Nickel palladium ingots, Johnson Matthey palladium powder, Heraeus palladium bars, BASF palladium sponge
Common Misclassification
This code is distinct from 711029 (palladium, semi-manufactured) as it refers to the initial, unprocessed forms. It should not be confused with finished products containing palladium, such as catalytic converters (Chapter 87) or jewelry (7113).
Products Classified Under 7110.21
Industry
This code belongs to the Gems & Jewelry industry.
Trade Overview
Russia and South Africa are the primary exporters, with major importers including Germany, the USA, and Japan.
Frequently Asked Questions
What is HS code 711021?
HS code 711021 covers: Metals; palladium, unwrought or in powder form. This HS code covers palladium in its most basic forms: unwrought (e.g., ingots, bars) or as a powder. Palladium is a crucial precious metal, primarily known for its exceptional catalytic properties. Importers are predominantly manufacturers in the automotive industry, where it is extensively used in catalytic converters, often preferred over platinum due to specific performance characteristics or cost considerations. Other significant importers include the electronics sector (for capacitors and connectors) and dentistry. Exporters are typically countries with substantial palladium mining operations or advanced refining capabilities. The global trade in unwrought or powder palladium is highly dynamic, influenced by automotive production trends, evolving environmental regulations, and its role as an investment commodity. Purity and specific form are critical specifications for trade and end-use applications.
What products fall under HS code 711021?
Palladium ingots, Palladium bars, Palladium powder, Palladium sponge, Palladium grain, Palladium shot, Palladium buttons
What are common misclassifications for HS code 711021?
This code is distinct from 711029 (palladium, semi-manufactured) as it refers to the initial, unprocessed forms. It should not be confused with finished products containing palladium, such as catalytic converters (Chapter 87) or jewelry (7113).
How is HS code 711021 structured?
HS code 711021 is a 6-digit subheading under the Harmonized System. The first 2 digits (71) identify the chapter, digits 3-4 (10) identify the heading, and digits 5-6 (21) specify the subheading. This code is standardized globally by the World Customs Organization.