Platinum in South Africa 2021 Exports | Imports : $24.5B | $345M, World Rnk 1 / 93 Rnk 1 / 1209 | World Rnk 20 / 140 Rnk 57 / 1212
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $3.58B | $14.8M, United States | Zimbabwe
2021 ECONOMIC COMPLEXITY of South Africa: 0.098, Rnk 59 / 131
2021 PRODUCT COMPLEXITY IN Platinum: 0.57, Rnk 334 / 1024
Exports In 2021, South Africa exported $24.5B in Platinum, making it the 1st largest exporter of Platinum in the world. At the same year, Platinum was the 1st most exported product in South Africa. The main destination of Platinum exports from South Africa are: United States ($6.98B), Japan ($6.06B), United Kingdom ($4.34B), Germany ($1.9B), and Hong Kong ($1.81B).
The fastest growing export markets for Platinum of South Africa between 2020 and 2021 were United States ($3.58B), Japan ($3.55B), and United Kingdom ($2.47B).
Imports In 2021, South Africa imported $345M in Platinum, becoming the 20th largest importer of Platinum in the world. At the same year, Platinum was the 57th most imported product in South Africa. South Africa imports Platinum primarily from: United States ($150M), Germany ($92.1M), Zimbabwe ($57.3M), Russia ($25.2M), and Belgium ($12.6M).
The fastest growing import markets in Platinum for South Africa between 2020 and 2021 were Zimbabwe ($14.8M), Russia ($14M), and United States ($4.04M).
May 2023
Overview In May 2023 South Africa's Platinum exports accounted up to ZAR20.1B and imports accounted up to ZAR101M, resulting in a positive trade balance of ZAR20B. Between May 2022 and May 2023 the exports of South Africa's Platinum have decreased by ZAR-6.84B (-25.4%) from ZAR26.9B to ZAR20.1B, while imports increased by ZAR11.9M (13.4%) from ZAR89M to ZAR101M.
Destinations In May 2023, Platinum were exported mostly to United Kingdom (ZAR6.23B), Japan (ZAR5.76B), United States (ZAR5.02B), Germany (ZAR1.21B), and Hong Kong (ZAR1.06B), and were imported mostly from Belgium (ZAR85.3M), South Africa (ZAR12.6M), Germany (ZAR1.49M), Switzerland (ZAR1.36M), and United States (ZAR87.5k).
Growth In May 2023, the decrease in Platinum's year-by-year exports was explained primarily by a decrease in exports to Hong Kong (ZAR-762M or -63.3%), Taiwan (ZAR-15.2M or -24.3%), and Germany (ZAR-3.14M or -0.15%). In May 2023, the increase in Platinum's year-by-year imports was explained primarily by an increase in imports from Czechia (ZAR35.2k or 70.4%).
EXPORT GROWTH (May 2022 - May 2023): ZAR-6.84B, (-25.4%)
IMPORT GROWTH (May 2022 - May 2023): ZAR11.9M, (13.4%)
MAIN EXPORTER (May 2023): O.r. Tambo Int Airport, ZAR20.1B
MAIN DESTINATION (May 2023): United Kingdom, ZAR6.23B
This section shows Platinum's exports and imports data at subnational level for South Africa. 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): $24.5B
IMPORTS (2021): $345M
NET TRADE (2021): $24.2B
In 2021, South Africa exported $24.5B in Platinum. The main destinations of South Africa exports on Platinum were United States ($6.98B), Japan ($6.06B), United Kingdom ($4.34B), Germany ($1.9B), and Hong Kong ($1.81B).
In 2021, South Africa imported $345M in Platinum, mainly from United States ($150M), Germany ($92.1M), Zimbabwe ($57.3M), Russia ($25.2M), and Belgium ($12.6M).
THE FASTEST GROWING Platinum EXPORT MARKETS FOR South Africa WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY South Africa WERE (2020 - 2021):
In 2021, South Africa's main exporting competitors in Platinum were:
In 2021, South Africa's main importing competitors in Platinum were:
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