Platinum in South Africa

EXPORTS (2018): $9.14B, World Rnk 1 / 80
Flag Rnk 3 / 1203

TOP DESTINATION (2018): $2.14B, Japan

FASTEST GROWING MARKET (2017 - 2018): $590M, United Kingdom

IMPORTS (2018): $208M, World Rnk 19 / 100
Flag Rnk 93 / 1206

TOP ORIGIN (2018): $51.7M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $48.4M, United States

ECONOMIC COMPLEXITY of South Africa (2018): 0.16, Rnk 59 / 137

PRODUCT COMPLEXITY  IN Platinum (2018): 0.024, Rnk 537 / 1018

Overview: This page contains the latest trade data of Platinum in South Africa.

Exports: In 2018, South Africa exported $9.14B in Platinum, making it the 1st largest exporter of Platinum in the world. At the same year, Platinum was the 3rd most exported product in South Africa. The main destination of Platinum exports from South Africa are: Japan ($2.14B), United Kingdom ($1.95B), United States ($1.79B), Germany ($843M), and Hong Kong ($559M).

The fastest growing export markets for Platinum of South Africa between 2017 and 2018 were United Kingdom ($590M), Switzerland ($194M), and Brazil ($122M).

Imports: In 2018, South Africa imported $208M in Platinum, becoming the 19th largest importer of Platinum in the world. At the same year, Platinum was the 93rd most imported product in South Africa. South Africa imports Platinum primarily from: Germany ($51.7M), United States ($48.6M), Zimbabwe ($43.6M), Russia ($25M), and United Kingdom ($22M).

The fastest growing import markets in Platinum for South Africa between 2017 and 2018 were United States ($48.4M), Zimbabwe ($43.6M), and Germany ($27.7M).

Overview: In August 2020 South Africa's Platinum exports accounted up to ZAR18.2B and imports accounted up to ZAR655M, resulting in a positive trade balance of ZAR17.5B. Between August 2019 and August 2020 the exports of South Africa's   Platinum have increased by ZAR8.18B (81.7%) from ZAR10B to ZAR18.2B, while imports increased by ZAR616M (1.57k%) from ZAR39.2M to ZAR655M.

Destinations: In August 2020 Platinum exported mostly to United States (ZAR6.58B), Japan (ZAR4.63B), United Kingdom (ZAR3.54B), Hong Kong (ZAR1.25B), and Switzerland (ZAR993M), and imported mostly from Germany (ZAR537M), Italy (ZAR52M), Russia (ZAR43.5M), United Kingdom (ZAR20.6M), and Belgium (ZAR2.35M).

Growth: In August 2020, the increase in Platinum's year-by-year exports was explained primarily by an increase in exports to United States (ZAR4.01B or 156%), Japan (ZAR1.96B or 73.8%), and United Kingdom (ZAR1.5B or 73.5%). In August 2020, the increase in Platinum's year-by-year imports was explained primarily by an increase in imports from Germany (ZAR537M or 2.29M%), Italy (ZAR13M or 33.4%), and Czechia (ZAR14.7k or 55.5%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (August 2019 - August 2020): ZAR8.18B, (81.7%)

IMPORT GROWTH (August 2019 - August 2020): ZAR616M, (1.57k%)

MAIN EXPORTER (August 2020): O.r. Tambo Int Airport, ZAR18.2B

MAIN DESTINATION (August 2020): United States, ZAR6.58B

This section shows Platinum's exports and imports data at subnational level for South Africa. 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.

Value

EXPORTS (2018): $9.14B

IMPORTS (2018): $208M

NET TRADE (2018): $8.93B

In 2018, South Africa exported $9.14B in Platinum. The main destinations of South Africa exports on Platinum were Japan ($2.14B), United Kingdom ($1.95B), United States ($1.79B), Germany ($843M), and Hong Kong ($559M).

In 2018, South Africa imported $208M in Platinum, mainly from Germany ($51.7M), United States ($48.6M), Zimbabwe ($43.6M), Russia ($25M), and United Kingdom ($22M).

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IN 2018, South Africa HAD A POSITIVE NET TRADE IN Platinum WITH:

  • Japan, $2.13B ($2.14B - $11.3M)
  • United Kingdom, $1.93B ($1.95B - $22M)
  • United States, $1.74B ($1.79B - $48.6M)

IN 2018, South Africa HAD A NEGATIVE NET TRADE IN Platinum WITH:

  • Zimbabwe, -$43.6M ($23.7k - $43.6M)
  • Russia, -$19.9M ($5.09M - $25M)
  • Ireland, -$3.25k ($0 - $3.25k)
Flow

THE FASTEST GROWING Platinum EXPORT MARKETS FOR South Africa WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY South Africa WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, South Africa's main exporting competitors in Platinum were:

In 2018, South Africa's main importing competitors in Platinum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Platinum in South Africa. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the tariffs for Platinum in the imports of South Africa were of 0% around the world.

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