Product classification
HS code for Palladium bars: 7110.29
Metals, palladium, semi-manufactured.
Classification of palladium bars under HS 7110.29
Palladium bars are classified under HS code 7110.29, which covers palladium in semi-manufactured forms. Chapter 71 of the Harmonized System is dedicated to natural or cultured pearls, precious stones, and precious metals. Within this chapter, heading 7110 specifically addresses platinum, palladium, rhodium, iridium, osmium, and ruthenium. The classification of palladium bars depends on the extent of their processing. Under GRI 1 and 6, bars that have been worked beyond simple casting—such as those that have been rolled, drawn, or surface-finished—are considered semi-manufactured. Even investment-grade bullion bars, which are often polished and stamped with weight, purity, and serial numbers, are typically classified under 7110.29 in many jurisdictions because the stamping and finishing processes constitute a degree of manufacture. This classification is vital for international trade as it distinguishes industrial and investment products from raw, unwrought metal, which can impact the application of customs duties and trade statistics.
- Covers
- Palladium bullion bars for investment
- Industrial palladium rectangular bars
- Palladium sheets and plates
- Palladium wire and rods
- Palladium foil for industrial applications
- Also under 7110.29
- Johnson Matthey palladium wire
- Heraeus palladium sheet
- Umicore palladium tubing
- Tanaka Kikinzoku palladium electrodes
Codes often confused with 7110.29
Common mistake. Palladium bars are often misclassified under HS code 7110.21, which is reserved for palladium in unwrought forms or in powder. The distinction lies in the level of manufacture; 7110.21 is for raw ingots or grains that have not been further worked. Another misclassification occurs with HS code 7118.90, which covers gold or silver coins; however, palladium coins or bars intended as legal tender would fall under 7118, while standard investment bars remain in 7110.
Top exporters and importers of HS 711029 (the code used for palladium bars), 2025
In 2025, the largest exporter of HS 711029 (the code used for palladium bars) in UN Comtrade data was Germany, with 26% of world exports; the largest importer in UN Comtrade data was the United Kingdom, with 23% of world imports. Countries that did not report 2025 data are estimated from partner records, which can understate them.
Figures cover everything classified under HS 711029, not only palladium bars.
Top exporters 2025 · share of world exports
- 1 Germany $672M 26% of world exports
- 2 South Africa $650M 25% of world exports
- 3 Switzerland $320M 12% of world exports
World total: $2.6B Reported figures on UN Comtrade ↗
Top importers 2025 · share of world imports
- 1 United Kingdom $405M 23% of world imports
- 2 United States $358M 20% of world imports
- 3 Hong Kong $182M 10% of world imports
World total: $1.8B Reported figures on UN Comtrade ↗
How these figures are built
109 countries reported 2025 trade to UN Comtrade in HS 2022, and their own totals are used. Countries that did not report are estimated from what other countries recorded trading with them. Those estimates miss trade with other non-reporting countries, so they can be low, and a non-reporting country can rank higher than shown or be missing from the list. World totals add both and leave out trade between two non-reporting countries. Figures are in current US dollars; reported imports are mostly valued CIF and exports FOB, and exports include re-exports. The UN Comtrade links show the underlying records; they can also list a few reporters left out here (regional groups and older HS editions).
Source: UN Comtrade (United Nations Statistics Division), 2025 annual data.
Brazil NCM code for palladium bars
Brazil classifies palladium bars under NCM 7110.29.00: HS 7110.29 with 00 added.
Source: Siscomex NCM table, updated Oct 2026. The Portuguese text on each NCM page is the official one.
Questions about palladium bars
What is the HS code for Palladium bars?
The HS code for Palladium bars is 711029 (Metals; palladium, semi-manufactured). The HS code for semi-manufactured palladium bars is 7110.29.
How do I classify Palladium bars for customs?
Palladium bars is classified under HS code 711029 — Metals; palladium, semi-manufactured. This is a 6-digit subheading level code.
Are palladium bars exempt from duty?
Duty rates vary by country, but many nations offer duty-free entry for high-purity investment palladium bars under 7110.29, though VAT or GST may still apply.
Which countries are the top exporters of palladium bars (HS 711029)?
In 2025, the top exporters of HS 711029 (the code used for palladium bars) in UN Comtrade data were Germany ($672M, 26% of world exports), South Africa ($650M) and Switzerland ($320M). World exports came to about $2.6B, adding countries' reported figures and partner-based estimates for those that did not report (UN Comtrade data). Countries that did not report 2025 data are estimated from partner records, which can understate them.
Which countries are the top importers of palladium bars (HS 711029)?
In 2025, the top importers of HS 711029 (the code used for palladium bars) in UN Comtrade data were the United Kingdom ($405M, 23% of world imports), the United States ($358M) and Hong Kong ($182M). World imports came to about $1.8B, adding countries' reported figures and partner-based estimates for those that did not report (UN Comtrade data). Countries that did not report 2025 data are estimated from partner records, which can understate them.
Is the HS code for Palladium bars the same in all countries?
The base HS code 711029 for Palladium bars is internationally standardized for the first 6 digits across 200+ countries. Individual countries may add additional digits for national tariff lines and specific classifications.
What is the NCM code for palladium bars in Brazil?
In Brazil, palladium bars (HS 711029) is classified under NCM 7110.29.00.