Overview This page contains the latest trade data of Platinum. In 2020, Platinum were the world's 43rd most traded product, with a total trade of $63B. Between 2019 and 2020 the exports of Platinum grew by 58.5%, from $39.8B to $63B. Trade in Platinum represent 0.38% of total world trade.
Platinum include Platinum unwrought or in powder form, Palladium unwrought or in powder form, Platinum in semi-manufactured forms, Rhodium unwrought or in powder form, Palladium in semi-manufactured forms, Iridium, osmium and ruthenium unwrought or powder for, Rhodium in semi-manufactured forms, and Iridium, osmium and ruthenium, semi-manufactured.
Exports In 2020 the top exporters of Platinum were South Africa ($11.9B), Russia ($10.5B), United Kingdom ($9.27B), United States ($8.14B), and Germany ($5.68B).
Imports In 2020 the top importers of Platinum were United States ($11.3B), United Kingdom ($10.8B), Germany ($7.78B), China ($5.84B), and Japan ($5.78B).
Tariffs In 2018 the average tariff for Platinum was 5.03%, making it the 830th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Platinum are Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), United Arab Emirates (0%), Hong Kong (0%), and Japan (0%).
Ranking Platinum ranks 331st in the Product Complexity Index (PCI).
Description Platinum is a precious metal that is used in the production of jewelry, electrical contacts, and other products. Platinum is also used in the production of catalytic converters for automobiles.