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2023
Exports $16.2BWorld Rnk 1 / 110
Flag Rnk 2 / 1214
2023
Destination $232M Japan
2022 - 2023
FASTEST GROWING MARKET $232MHong Kong
2023
PRODUCT COMPLEXITY IN Platinum0.86Rnk 225 / 1025
2023
Imports $154MWorld Rnk 21 / 146
Flag Rnk 116 / 1211
2023
Origin $92.8M Zimbabwe
2022 - 2023
FASTEST GROWING ORIGIN $92.8MZimbabwe
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $16.2B in Platinum, making it the 1st largest exporter of Platinum in the world. At the same year, Platinum was the 2nd most exported product in South Africa. The main destination of Platinum exports from South Africa are: Japan ($4.19B), United States ($3.42B), United Kingdom ($2.87B), China ($2.19B), and Hong Kong ($1.04B).

The fastest growing export markets for Platinum of South Africa between 2022 and 2023 were Hong Kong ($232M), China ($170M), and Spain ($31.4M).

Imports In 2023, South Africa imported $154M in Platinum, becoming the 21st largest importer of Platinum in the world. At the same year, Platinum was the 116th most imported product in South Africa. South Africa imports Platinum primarily from: Zimbabwe ($94.1M), Belgium ($34.8M), Germany ($12.6M), United Arab Emirates ($10.5M), and United Kingdom ($835k).

The fastest growing import markets in Platinum for South Africa between 2022 and 2023 were Zimbabwe ($92.8M), Belgium ($33.3M), and Hong Kong ($11.5k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Platinum exports accounted up to ZAR18.4B and imports accounted up to ZAR14M, resulting in a positive trade balance of ZAR18.4B. Between November 2023 and November 2024 the exports of South Africa's   Platinum have increased by ZAR967M (5.54%) from ZAR17.4B to ZAR18.4B, while imports decreased by ZAR-29.3M (-67.7%) from ZAR43.4M to ZAR14M.

Destinations In November 2024, Platinum were exported mostly to Japan (ZAR5.61B), United States (ZAR5.22B), United Kingdom (ZAR3.73B), Germany (ZAR1.92B), and Hong Kong (ZAR1.17B), and were imported mostly from South Africa (ZAR7.64M), Belgium (ZAR4.39M), Italy (ZAR1.27M), Switzerland (ZAR655k), and United States (ZAR71.2k).

Growth In November 2024, the increase in Platinum's year-by-year exports was explained primarily by an increase in exports to Hong Kong (ZAR104M or 23.5%) and Australia (ZAR3.87M or 74.9%). In November 2024, the decrease in Platinum's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR967M(5.54%)
IMPORT GROWTH (November 2023 - November 2024)ZAR-29.3M(-67.7%)
MAIN EXPORTER (November 2024)O.r. Tambo Int AirportZAR19.4B
MAIN DESTINATION (November 2024)JapanZAR5.61B

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$16.2B
IMPORTS (2023)$154M
NET TRADE (2023)$16.1B

In 2023, South Africa exported $16.2B in Platinum. The main destinations of South Africa exports on Platinum were Japan ($4.19B), United States ($3.42B), United Kingdom ($2.87B), China ($2.19B), and Hong Kong ($1.04B).

In 2023, South Africa imported $154M in Platinum, mainly from Zimbabwe ($94.1M), Belgium ($34.8M), Germany ($12.6M), United Arab Emirates ($10.5M), and United Kingdom ($835k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Hong Kong$232M (28.9%)
China$170M (8.42%)
Spain$31.4M (134%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY South Africa WERE (2022 - 2023):
Japan-$2.99B (-41.6%)
United States-$1.31B (-27.7%)
Germany-$1.31B (-57.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Platinum were:
Russia $6.84B
Germany $4.32B
In 2023, South Africa's main importing competitors in Platinum were:
United States $8.59B
Japan $5.95B
China $5.77B

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Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $200M
TOP IMPORT POTENTIALUnited Kingdom+ $4.38M

Platinum’s highest export potential is China. With an export gap of $200M.   Platinum’s highest import potential is United Kingdom with an import gap of $4.38M.

See methodology.

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