PlatinumPlatinum; unwrought or in semi-manufactured forms, or in powder form
7110 (Harmonized System 1992 for 4-digit)
2021 World Trade: $90.5B, Rnk 35 / 1217
2021 Top Exporter | Top Importer: $24.5B | $18.4B, South Africa | United States
2021 Product Complexity: 0.55, Rnk 348 / 1024
2020 - 2021 Export Growth (CAGR): 43.8%, Rnk 159 / 1217
2018 Mean Tariff: 5.03%, Rnk 830 / 1259
2021 Share of World Trade: 0.0043%, Rnk 35 / 1217
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 0.0043% 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).
Tariffs In 2018 the average tariff for Platinum was 5.03%, making it the 830th lowest tariff using the HS4 product classification.
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.
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.
Trade By Country
Top Origin (2021): South Africa, $24.5B
Top Destination (2021): United States, $18.4B
Platinum are the world's 35th most traded product.
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.
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.
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