Platinum in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $434M in Platinum, making it the 14th largest exporter of Platinum in the world. At the same year, Platinum was the 186th most exported product in Canada. The main destination of Platinum exports from Canada are: United States ($302M), Switzerland ($122M), United Kingdom ($2.65M), Germany ($2.44M), and Canada ($1.96M).

The fastest growing export markets for Platinum of Canada between 2021 and 2022 were United Kingdom ($2.6M), Canada ($1.12M), and Japan ($570k).

Imports In 2022, Canada imported $2.39B in Platinum, becoming the 9th largest importer of Platinum in the world. At the same year, Platinum was the 36th most imported product in Canada. Canada imports Platinum primarily from: United States ($875M), South Africa ($852M), Belgium ($246M), Italy ($128M), and South Korea ($119M).

The fastest growing import markets in Platinum for Canada between 2021 and 2022 were South Africa ($139M), Japan ($35.5M), and South Korea ($16.7M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Platinum from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Platinum exports accounted up to C$13.6M and imports accounted up to C$77.4M, resulting in a negative trade balance of C$63.8M. Between January 2023 and January 2024 the exports of Canada's Platinum have decreased by C$-18.8M (-58%) from C$32.4M to C$13.6M, while imports decreased by C$-97.5M (-55.7%) from C$175M to C$77.4M.

Destinations In January 2024, Platinum were exported mostly to United States (C$9.08M), Switzerland (C$4.5M), and Mexico (C$40.7k), and were imported mostly from United States (C$28.7M), South Africa (C$23.5M), Belgium (C$10.7M), South Korea (C$9.01M), and Germany (C$4.04M).

Growth In January 2024, the decrease in Platinum's year-by-year exports was explained primarily by a decrease in exports to Switzerland (C$-7.79M or -63.3%). In January 2024, the decrease in Platinum's year-by-year imports was explained primarily by a decrease in imports from South Africa (C$-28.5M or -28.5%), Belgium (C$-25.1M or -58.7%), and Italy (C$-11.1M or -73.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$-18.8M(-58%)

IMPORT GROWTH (January 2023 - January 2024)C$-97.5M(-55.7%)

MAIN EXPORTER (January 2024)QuebecC$12.1M

MAIN DESTINATION (January 2024)United StatesC$9.08M

This section shows Platinum's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Platinum over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$434M

IMPORTS (2022)$2.39B

NET TRADE (2022)-$1.95B

In 2022, Canada exported $434M in Platinum. The main destinations of Canada exports on Platinum were United States ($302M), Switzerland ($122M), United Kingdom ($2.65M), Germany ($2.44M), and Canada ($1.96M).

In 2022, Canada imported $2.39B in Platinum, mainly from United States ($875M), South Africa ($852M), Belgium ($246M), Italy ($128M), and South Korea ($119M).

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