2023
Exports
$6.84BWorld Rnk 2 / 110
Flag Rnk 8 / 1200
2023
PRODUCT COMPLEXITY IN Platinum
0.86Rnk 225 / 1025
2023
Imports
$39.5MWorld Rnk 30 / 146
Flag Rnk 514 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $6.84B in Platinum, making it the 2nd largest exporter of Platinum in the world. At the same year, Platinum was the 8th most exported product in Russia. The main destination of Platinum exports from Russia are: Hong Kong ($2.29B), China ($1.88B), United States ($1.16B), Italy ($480M), and Japan ($430M).

The fastest growing export markets for Platinum of Russia between 2022 and 2023 were Hong Kong ($1.28B), China ($749M), and Armenia ($182M).

Imports In 2023, Russia imported $39.5M in Platinum, becoming the 30th largest importer of Platinum in the world. At the same year, Platinum was the 514th most imported product in Russia. Russia imports Platinum primarily from: United Arab Emirates ($39.4M), Armenia ($53.3k), China ($25k), Hong Kong ($20.6k), and Uzbekistan ($11.6k).

The fastest growing import markets in Platinum for Russia between 2022 and 2023 were United Arab Emirates ($27.4M), China ($25k), and Hong Kong ($20.6k).

Latest Trends

Dec 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 (2023)$6.84B
IMPORTS (2023)$39.5M
NET TRADE (2023)$6.8B

In 2023, Russia exported $6.84B in Platinum. The main destinations of Russia exports on Platinum were Hong Kong ($2.29B), China ($1.88B), United States ($1.16B), Italy ($480M), and Japan ($430M).

In 2023, Russia imported $39.5M in Platinum, mainly from United Arab Emirates ($39.4M), Armenia ($53.3k), China ($25k), Hong Kong ($20.6k), and Uzbekistan ($11.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Hong Kong$1.28B (126%)
China$749M (66.3%)
Armenia$182M (18.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY Russia WERE (2022 - 2023):
United States-$675M (-36.8%)
Japan-$557M (-56.4%)
Germany-$527M (-64.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Platinum were:
In 2023, Russia'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+ $400M
TOP IMPORT POTENTIALUnited Kingdom+ $4.88M

Platinum’s highest export potential is China. With an export gap of $400M.   Platinum’s highest import potential is United Kingdom with an import gap of $4.88M.

See methodology.

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