Platinum in United Kingdom 2021 Exports | Imports : $12.5B | $12.8B, World Rnk 2 / 93 Rnk 6 / 1216 | World Rnk 2 / 140 Rnk 8 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $582M | $2.47B, Japan | South Africa
2021 ECONOMIC COMPLEXITY of United Kingdom: 1.43, Rnk 11 / 131
2021 PRODUCT COMPLEXITY IN Platinum: 0.57, Rnk 334 / 1024
Exports In 2021, United Kingdom exported $12.5B in Platinum, making it the 2nd largest exporter of Platinum in the world. At the same year, Platinum was the 6th most exported product in United Kingdom. The main destination of Platinum exports from United Kingdom are: Hong Kong ($2.18B), Germany ($1.9B), United States ($1.54B), Japan ($1.44B), and North Macedonia ($1.38B).
The fastest growing export markets for Platinum of United Kingdom between 2020 and 2021 were Japan ($582M), United States ($572M), and Hong Kong ($438M).
Imports In 2021, United Kingdom imported $12.8B in Platinum, becoming the 2nd largest importer of Platinum in the world. At the same year, Platinum was the 8th most imported product in United Kingdom. United Kingdom imports Platinum primarily from: South Africa ($4.34B), Russia ($3.43B), Belgium ($1.16B), United States ($794M), and Germany ($751M).
The fastest growing import markets in Platinum for United Kingdom between 2020 and 2021 were South Africa ($2.47B), South Korea ($288M), and Belgium ($138M).
April 2023
Overview In April 2023 United Kingdom's Platinum exports accounted up to £442M and imports accounted up to £388M, resulting in a positive trade balance of £53.4M. Between April 2022 and April 2023 the exports of United Kingdom's Platinum have decreased by £-305M (-40.8%) from £747M to £442M, while imports decreased by £-214M (-35.5%) from £602M to £388M.
Destinations In April 2023, Platinum were exported mostly to United States (£96M), North Macedonia (£91.5M), Germany (£73.1M), Japan (£32.2M), and Italy (£26.6M), and were imported mostly from Switzerland (£153M), South Africa (£133M), Belgium (£44.6M), Japan (£23.4M), and Norway (£8.72M).
Growth In April 2023, the decrease in Platinum's year-by-year exports was explained primarily by a decrease in exports to United States (£-167M or -92.7%), Germany (£-138M or -73%), and Hong Kong (£-67.9M or -50.5%). In April 2023, the decrease in Platinum's year-by-year imports was explained primarily by a decrease in imports from Russia (£-70.9M or -87.1%), Switzerland (£-12.4M or -26.1%), and Italy (£-6.91M or -78.4%).
EXPORT GROWTH (April 2022 - April 2023): £-305M, (-40.8%)
IMPORT GROWTH (April 2022 - April 2023): £-214M, (-35.5%)
MAIN EXPORTER (April 2023): London Heathrow Airport, £425M
MAIN DESTINATION (April 2023): United States, £96M
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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EXPORTS (2021): $12.5B
IMPORTS (2021): $12.8B
NET TRADE (2021): -$287M
In 2021, United Kingdom exported $12.5B in Platinum. The main destinations of United Kingdom exports on Platinum were Hong Kong ($2.18B), Germany ($1.9B), United States ($1.54B), Japan ($1.44B), and North Macedonia ($1.38B).
In 2021, United Kingdom imported $12.8B in Platinum, mainly from South Africa ($4.34B), Russia ($3.43B), Belgium ($1.16B), United States ($794M), and Germany ($751M).
THE FASTEST GROWING Platinum EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY United Kingdom WERE (2020 - 2021):
In 2021, United Kingdom's main exporting competitors in Platinum were:
In 2021, United Kingdom's main importing competitors in Platinum were:
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