HS Icon Platinum in  Flag United Kingdom

2019
Exports | Imports
: $5.13B | $6.83B, World Rnk 3 / 88
Flag Rnk 13 / 1214 | World Rnk 1 / 137
Flag Rnk 13 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $274M | $1.11B, North Macedonia |  Russia

2019
ECONOMIC COMPLEXITY of United Kingdom
: 1.49, Rnk 14 / 147

2019
PRODUCT COMPLEXITY  IN Platinum
: -0.095, Rnk 584 / 1029

Exports: In 2019, United Kingdom exported $5.13B in Platinum, making it the 3rd largest exporter of Platinum in the world. At the same year, Platinum was the 13th most exported product in United Kingdom. The main destination of Platinum exports from United Kingdom are: North Macedonia ($1.18B), Germany ($1.11B), Hong Kong ($660M), United States ($562M), and China ($451M).

The fastest growing export markets for Platinum of United Kingdom between 2018 and 2019 were North Macedonia ($274M), China ($178M), and United States ($150M).

Imports: In 2019, United Kingdom imported $6.83B in Platinum, becoming the 1st 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 ($2.06B), Russia ($1.67B), Germany ($653M), United States ($516M), and Switzerland ($513M).

The fastest growing import markets in Platinum for United Kingdom between 2018 and 2019 were Russia ($1.11B), Germany ($545M), and Switzerland ($329M).

Latest Trends (April 2021)

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Overview: In April 2021 United Kingdom's Platinum exports accounted up to £1.13B and imports accounted up to £1.16B, resulting in a negative trade balance of £33.5M. Between April 2020 and April 2021 the exports of United Kingdom's   Platinum have increased by £617M (121%) from £510M to £1.13B, while imports increased by £761M (190%) from £400M to £1.16B.

Destinations: In April 2021, Platinum were exported mostly to Germany (£232M), United States (£230M), Japan (£166M), North Macedonia (£136M), and Hong Kong (£94.9M), and were imported mostly from South Africa (£616M), Switzerland (£174M), Uzbekistan (£139M), Belgium (£87M), and Germany (£32.7M).

Growth: In April 2021, the increase in Platinum's year-by-year exports was explained primarily by an increase in exports to United States (£222M or 2.6k%), Germany (£194M or 508%), and South Korea (£36.5M or 487%). In April 2021, the increase in Platinum's year-by-year imports was explained primarily by an increase in imports from South Africa (£555M or 909%), Switzerland (£152M or 715%), and South Korea (£19.1M or 353%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): £617M, (121%)

IMPORT GROWTH (April 2020 - April 2021): £761M, (190%)

MAIN EXPORTER (April 2021): London Heathrow Airport, £977M

MAIN DESTINATION (April 2021): Germany, £232M

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

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Value

EXPORTS (2019): $5.13B

IMPORTS (2019): $6.83B

NET TRADE (2019): -$1.7B

In 2019, United Kingdom exported $5.13B in Platinum. The main destinations of United Kingdom exports on Platinum were North Macedonia ($1.18B), Germany ($1.11B), Hong Kong ($660M), United States ($562M), and China ($451M).

In 2019, United Kingdom imported $6.83B in Platinum, mainly from South Africa ($2.06B), Russia ($1.67B), Germany ($653M), United States ($516M), and Switzerland ($513M).

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IN 2019, United Kingdom HAD A POSITIVE NET TRADE IN Platinum WITH:

IN 2019, United Kingdom HAD A NEGATIVE NET TRADE IN Platinum WITH:

Flow

THE FASTEST GROWING Platinum EXPORT MARKETS FOR United Kingdom WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY United Kingdom WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, United Kingdom's main exporting competitors in Platinum were:

In 2018, United Kingdom's main importing competitors in Platinum were:

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