Platinum; unwrought or in semi-manufactured forms, or in powder form

7110 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Platinum. In 2021, Platinum were the world's 35th most traded product, with a total trade of $90.5B. Between 2020 and 2021 the exports of Platinum grew by 43.8%, from $62.9B to $90.5B. Trade in Platinum represent 0.43% of total world trade.

Platinum are a part of Precious stones, metals, & pearls. They 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 2021 the top exporters of Platinum  were South Africa ($24.5B), United Kingdom ($12.5B), Russia ($12B), United States ($10.3B), and Germany ($7.72B).

Imports In 2021 the top importers of Platinum were United States ($18.4B), United Kingdom ($12.8B), Germany ($12.2B), Japan ($10.6B), and China ($6.95B).

Ranking Platinum ranks 348th 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.

Latest Data

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The following visualization shows the latest trends on Platinum. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Exporters and Importers

Top Origin (2021)South Africa$24.5B
Top Destination (2021)United States$18.4B

In 2021 Platinum were the world's 35th most traded product (out of 1,217).

In 2021, the top exporters of Platinum were South Africa ($24.5B), United Kingdom ($12.5B), Russia ($12B), United States ($10.3B), and Germany ($7.72B).

In 2021, the top importers of Platinum were United States ($18.4B), United Kingdom ($12.8B), Germany ($12.2B), Japan ($10.6B), and China ($6.95B).

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Exporters of Platinum (2021)
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Importers of Platinum (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)South Africa$12.6B
Top Destination Growth (2020 -  2021)United States$7.07B

Between 2020 and 2021, the exports of Platinum grew the fastest in South Africa ($12.6B), United Kingdom ($3.28B), United States ($2.23B), Germany ($2.03B), and Belgium ($1.95B).

Between 2020 and 2021, the fastest growing importers of Platinum were United States ($7.07B), Japan ($4.76B), Germany ($4.41B), United Kingdom ($2.05B), and Italy ($1.44B).

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Exporters of Platinum (2020 - 2021)

Importers of Platinum (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Platinum.

In 2021, market concentration measured using Shannon Entropy, was 3.31. This means that most of the exports of Platinum are explained by 9 countries.

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Value of Exports in Platinum

Net Trade

TOP NET EXPORTER (2021)South Africa$24.2B
TOP NET IMPORTER (2021)Japan$8.74B

This map shows which countries export or import more of Platinum. Each country is colored based on the difference in exports and imports of Platinum during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Platinum were South Africa ($24.2B), Russia ($11.9B), Belgium ($5.47B), Italy ($1.73B), and Norway ($811M).

In 2021, the countries that had a largest trade value in imports than in exports of Platinum were Japan ($8.74B), United States ($8.08B), China ($6.93B), Hong Kong ($5.06B), and Germany ($4.48B).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Platinum, disaggragated by their HS6 level were Rhodium unwrought or in powder form ($31.3B), Palladium unwrought or in powder form ($28.1B), Platinum unwrought or in powder form ($9.91B), Platinum in semi-manufactured forms ($8.9B), and Palladium in semi-manufactured forms ($7.82B)

HS6 Disaggregation for Platinum (2021)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Platinum.
It is possible to select the main countries that export or import Platinum in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Platinum by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2021)

Country by Relatedness

The following visualization shows the relatedness of Platinum to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2021)

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