2022
Exports
$69.9MWorld Rnk 25 / 94
Flag Rnk 514 / 1212
2022
PRODUCT COMPLEXITY IN Platinum
0.58Rnk 328 / 1025
2022
Imports
$1.56BWorld Rnk 11 / 143
Flag Rnk 60 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $69.9M in Platinum, making it the 25th largest exporter of Platinum in the world. At the same year, Platinum was the 514th most exported product in India. The main destination of Platinum exports from India are: United Kingdom ($26M), Germany ($10.8M), Ireland ($10.1M), China ($7.75M), and Italy ($6.09M).

The fastest growing export markets for Platinum of India between 2021 and 2022 were Ireland ($10.1M), Germany ($6.91M), and China ($3.93M).

Imports In 2022, India imported $1.56B in Platinum, becoming the 11th largest importer of Platinum in the world. At the same year, Platinum was the 60th most imported product in India. India imports Platinum primarily from: United Arab Emirates ($1.19B), United Kingdom ($181M), United States ($56.6M), South Africa ($46.6M), and Germany ($37.8M).

The fastest growing import markets in Platinum for India between 2021 and 2022 were United Arab Emirates ($1.17B), Hong Kong ($5.07M), and South Korea ($2.61M).

Latest Trends

Aug 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)$69.9M
IMPORTS (2022)$1.56B
NET TRADE (2022)-$1.49B

In 2022, India exported $69.9M in Platinum. The main destinations of India exports on Platinum were United Kingdom ($26M), Germany ($10.8M), Ireland ($10.1M), China ($7.75M), and Italy ($6.09M).

In 2022, India imported $1.56B in Platinum, mainly from United Arab Emirates ($1.19B), United Kingdom ($181M), United States ($56.6M), South Africa ($46.6M), and Germany ($37.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR India WERE (2021 - 2022):
Ireland$10.1M (1%)
Germany$6.91M (179%)
China$3.93M (103%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY India WERE (2021 - 2022):
United Kingdom-$60M (-69.8%)
United States-$14.2M (-91.5%)
Italy-$8.87M (-59.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Platinum were:
In 2022, India'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 POTENTIALChina+ $20M
TOP IMPORT POTENTIALSouth Africa+ $57.4M

Platinum’s highest export potential is China. With an export gap of $20M.   Platinum’s highest import potential is South Africa with an import gap of $57.4M.

See methodology.

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