Platinum in Russia 2020 Exports | Imports : $10.5B | $61.5M, World Rnk 2 / 93 Rnk 6 / 1210 | World Rnk 28 / 131 Rnk 498 / 1205
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.08B | $3.61M, United Kingdom | Belgium
Exports In 2020, Russia exported $10.5B 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 Russia. The main destination of Platinum exports from Russia are: United Kingdom ($3.78B), United States ($2.16B), Japan ($1.12B), Germany ($847M), and Hong Kong ($754M).
The fastest growing export markets for Platinum of Russia between 2019 and 2020 were United Kingdom ($2.08B), United States ($722M), and Hong Kong ($412M).
Imports In 2020, Russia imported $61.5M in Platinum, becoming the 28th largest importer of Platinum in the world. At the same year, Platinum was the 498th most imported product in Russia. Russia imports Platinum primarily from: Germany ($32.4M), South Africa ($16M), Belgium ($3.82M), United Kingdom ($3.08M), and United States ($1.75M).
The fastest growing import markets in Platinum for Russia between 2019 and 2020 were Belgium ($3.61M), United Arab Emirates ($870k), and Uzbekistan ($830k).
Tariffs In 2018, the average tariff for Russia in Platinum was 8.82%. The countries with the highest import tariffs for Platinum were Angola (Most Favoured Nation duty rate treatement, 9.25%), Burundi (Most Favoured Nation duty rate treatement, 9.25%), Benin (Most Favoured Nation duty rate treatement, 9.25%), Burkina Faso (Most Favoured Nation duty rate treatement, 9.25%), and Botswana (Most Favoured Nation duty rate treatement, 9.25%).
January 2022
Overview In January 2022 Russia's Platinum exports accounted up to $437M and imports accounted up to $1.73M, resulting in a positive trade balance of $435M. Between January 2021 and January 2022 the exports of Russia's Platinum have decreased by $-297M (-40.4%) from $734M to $437M, while imports increased by $1.36M (360%) from $377k to $1.73M.
Destinations In January 2022, Platinum were exported mostly to United States ($170M), Italy ($99.8M), Japan ($80.1M), Germany ($38.9M), and United Kingdom ($20.7M), and were imported mostly from South Africa ($1.55M) and United Kingdom ($189k).
Growth In January 2022, the decrease in Platinum's year-by-year exports was explained primarily by a decrease in exports to Switzerland ($-38.3M or -36.6%), Germany ($-13.7M or -18.4%), and United Kingdom ($-13.4M or -31%). In January 2022, the increase in Platinum's year-by-year imports was explained primarily by an increase in imports from .
EXPORT GROWTH (January 2021 - January 2022): $-297M, (-40.4%)
IMPORT GROWTH (January 2021 - January 2022): $1.36M, (360%)
MAIN EXPORTER (January 2022): Moscow, The Capital Of Russian Federation, $432M
MAIN DESTINATION (January 2022): United States, $170M
This section shows Platinum's exports and imports data at subnational level for Russia. 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 (2020): $10.5B
IMPORTS (2020): $61.5M
NET TRADE (2020): $10.4B
In 2020, Russia exported $10.5B in Platinum. The main destinations of Russia exports on Platinum were United Kingdom ($3.78B), United States ($2.16B), Japan ($1.12B), Germany ($847M), and Hong Kong ($754M).
In 2020, Russia imported $61.5M in Platinum, mainly from Germany ($32.4M), South Africa ($16M), Belgium ($3.82M), United Kingdom ($3.08M), and United States ($1.75M).
IN 2020, Russia HAD A POSITIVE NET TRADE IN Platinum WITH:
IN 2020, Russia HAD A NEGATIVE NET TRADE IN Platinum WITH:
THE FASTEST GROWING Platinum EXPORT MARKETS FOR Russia WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY Russia WERE (2019 - 2020):
In 2019, Russia's main exporting competitors in Platinum were:
In 2019, Russia's main importing competitors in Platinum were:
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