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2022
Exports $8.43BWorld Rnk 2 / 94
Flag Rnk 10 / 1216
2022
Destination $173M North Macedonia
2021 - 2022
FASTEST GROWING MARKET $173MIreland
2022
PRODUCT COMPLEXITY IN Platinum0.58Rnk 328 / 1025
2022
Imports $7.18BWorld Rnk 4 / 143
Flag Rnk 13 / 1214
2022
Origin $161M South Africa
2021 - 2022
FASTEST GROWING ORIGIN $161MSwitzerland
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $8.43B in Platinum, making it the 2nd largest exporter of Platinum in the world. At the same year, Platinum was the 10th most exported product in United Kingdom. The main destination of Platinum exports from United Kingdom are: North Macedonia ($1.42B), Germany ($1.23B), Hong Kong ($1.1B), United States ($1.08B), and China ($720M).

The fastest growing export markets for Platinum of United Kingdom between 2021 and 2022 were Ireland ($173M), North Macedonia ($45.3M), and Australia ($26.8M).

Imports In 2022, United Kingdom imported $7.18B in Platinum, becoming the 4th largest importer of Platinum in the world. At the same year, Platinum was the 13th most imported product in United Kingdom. United Kingdom imports Platinum primarily from: South Africa ($2.36B), Belgium ($1.02B), Germany ($630M), Italy ($578M), and Switzerland ($524M).

The fastest growing import markets in Platinum for United Kingdom between 2021 and 2022 were Switzerland ($161M), Hong Kong ($89.3M), and Japan ($66M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Platinum from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Platinum exports accounted up to £542M and imports accounted up to £201M, resulting in a positive trade balance of £341M. Between August 2023 and August 2024 the exports of United Kingdom's   Platinum have increased by £22M (4.24%) from £520M to £542M, while imports increased by £29.2M (17%) from £172M to £201M.

Destinations In August 2024, Platinum were exported mostly to United States (£162M), China (£87.5M), North Macedonia (£71.6M), Hong Kong (£58.9M), and Switzerland (£53.4M), and were imported mostly from South Africa (£112M), Belgium (£35.6M), Italy (£16.6M), Norway (£13.4M), and Germany (£9.02M).

Growth In August 2024, the increase in Platinum's year-by-year exports was explained primarily by an increase in exports to Ireland (£44.7M or 384%), Germany (£11.3M or 22.2%), and South Korea (£3.44M or 17.7%). In August 2024, the increase in Platinum's year-by-year imports was explained primarily by an increase in imports from Belgium (£54.5M or 110%), Switzerland (£6.37M or 18.1%), and South Korea (£3.52M or 24.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£22M(4.24%)
IMPORT GROWTH (August 2023 - August 2024)£29.2M(17%)
MAIN EXPORTER (August 2024)London Heathrow Airport£461M
MAIN DESTINATION (August 2024)United States£162M

This section shows Platinum's exports and imports data at subnational level for United Kingdom. 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
EXPORTS (2022)$8.43B
IMPORTS (2022)$7.18B
NET TRADE (2022)$1.25B

In 2022, United Kingdom exported $8.43B in Platinum. The main destinations of United Kingdom exports on Platinum were North Macedonia ($1.42B), Germany ($1.23B), Hong Kong ($1.1B), United States ($1.08B), and China ($720M).

In 2022, United Kingdom imported $7.18B in Platinum, mainly from South Africa ($2.36B), Belgium ($1.02B), Germany ($630M), Italy ($578M), and Switzerland ($524M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Ireland$173M (131%)
North Macedonia$45.3M (3.29%)
Australia$26.8M (88.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY United Kingdom WERE (2021 - 2022):
Hong Kong-$1.08B (-49.5%)
Japan-$903M (-64.6%)
Germany-$665M (-35.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Platinum were:
South Africa $19.1B
United States $7.9B
In 2022, United Kingdom's main importing competitors in Platinum were:
United States $13.2B
Germany $9.66B
Japan $9.48B

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Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $188M
TOP IMPORT POTENTIALGermany+ $134M

Platinum’s highest export potential is United States. With an export gap of $188M.   Platinum’s highest import potential is Germany with an import gap of $134M.

See methodology.

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