2022
Exports
$34.9MWorld Rnk 31 / 94
Flag Rnk 299 / 1208
2022
PRODUCT COMPLEXITY IN Platinum
0.58Rnk 328 / 1025
2022
Imports
$144MWorld Rnk 25 / 143
Flag Rnk 288 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $34.9M in Platinum, making it the 31st largest exporter of Platinum in the world. At the same year, Platinum was the 299th most exported product in Australia. The main destination of Platinum exports from Australia are: Switzerland ($16.8M), Germany ($11M), Hong Kong ($2.98M), China ($1.36M), and United States ($1.07M).

The fastest growing export markets for Platinum of Australia between 2021 and 2022 were Germany ($4.18M), Switzerland ($3.5M), and United States ($906k).

Imports In 2022, Australia imported $144M in Platinum, becoming the 25th largest importer of Platinum in the world. At the same year, Platinum was the 288th most imported product in Australia. Australia imports Platinum primarily from: United Kingdom ($57.2M), Switzerland ($33.7M), South Africa ($21M), United States ($11.7M), and Germany ($8.26M).

The fastest growing import markets in Platinum for Australia between 2021 and 2022 were United Kingdom ($26.8M), South Africa ($17.7M), and Switzerland ($13.2M).

Latest Trends

Nov 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

The following visualization shows the latest trends on Platinum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$34.9M
IMPORTS (2022)$144M
NET TRADE (2022)-$109M

In 2022, Australia exported $34.9M in Platinum. The main destinations of Australia exports on Platinum were Switzerland ($16.8M), Germany ($11M), Hong Kong ($2.98M), China ($1.36M), and United States ($1.07M).

In 2022, Australia imported $144M in Platinum, mainly from United Kingdom ($57.2M), Switzerland ($33.7M), South Africa ($21M), United States ($11.7M), and Germany ($8.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Germany$4.18M (60.9%)
Switzerland$3.5M (26.2%)
United States$906k (545%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY Australia WERE (2021 - 2022):
Singapore-$1.06M (-97.4%)
Hong Kong-$650k (-17.9%)
China-$148k (-9.83%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Platinum were:
In 2022, Australia's main importing competitors in Platinum were:

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Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.17M
TOP IMPORT POTENTIALSouth Africa+ $15.1M

Platinum’s highest export potential is Germany. With an export gap of $4.17M.   Platinum’s highest import potential is South Africa with an import gap of $15.1M.

See methodology.

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