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711011 (Harmonized System 1992 for 6-digit)

2023
World Trade $12.9BRnk 273 / 4644
2023
Top Exporter | Top Importer $5.26B | $2.7BSouth Africa | China
2023
Product Complexity 0.22Rnk 2172 / 4656
2022 - 2023
Export Growth (CAGR) 10.4%Rnk 662 / 4644
2023
Share of World Trade 0.057%Rnk 273 / 4644

About

Overview This page contains the latest trade data of Platinum unwrought or in powder form. In 2023, Platinum unwrought or in powder form were the world's 273rd most traded product, with a total trade of $12.9B. Between 2022 and 2023 the exports of Platinum unwrought or in powder form grew by 10.4%, from $11.7B to $12.9B. Trade in Platinum unwrought or in powder form represent 0.057% of total world trade.

Platinum unwrought or in powder form are a part of Platinum.

Exports In 2023 the top exporters of Platinum unwrought or in powder form  were South Africa ($5.26B), Russia ($1.44B), United Kingdom ($1.13B), Italy ($962M), and Belgium ($808M).

Imports In 2023 the top importers of Platinum unwrought or in powder form were China ($2.7B), United States ($1.8B), Hong Kong ($1.62B), Japan ($1.36B), and United Kingdom ($1.29B).

Ranking Platinum unwrought or in powder form ranks 2172nd in the Product Complexity Index (PCI).

Description Platinum is used in jewelry, in catalytic converters, in the production of silicone, and in the production of medical devices.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Platinum unwrought or in powder form. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)South Africa$5.26B
Top Destination (2023)China$2.7B

In 2023 Platinum unwrought or in powder form were the world's 273rd most traded product (out of 4,644).

In 2023, the top exporters of Platinum unwrought or in powder form were South Africa ($5.26B), Russia ($1.44B), United Kingdom ($1.13B), Italy ($962M), and Belgium ($808M).

In 2023, the top importers of Platinum unwrought or in powder form were China ($2.7B), United States ($1.8B), Hong Kong ($1.62B), Japan ($1.36B), and United Kingdom ($1.29B).

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Exporters of Platinum unwrought or in powder form (2023)
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Importers of Platinum unwrought or in powder form (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Russia$881M
Top Destination Growth (2022 -  2023)China$818M

Between 2022 and 2023, the exports of Platinum unwrought or in powder form grew the fastest in Russia ($881M), South Africa ($346M), China ($152M), Zimbabwe ($92.8M), and Armenia ($79.7M).

Between 2022 and 2023, the fastest growing importers of Platinum unwrought or in powder form were China ($818M), Hong Kong ($428M), United Kingdom ($172M), United States ($155M), and Poland ($91.5M).

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Exporters of Platinum unwrought or in powder form (2022 - 2023)

Importers of Platinum unwrought or in powder form (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Platinum unwrought or in powder form.

In 2023, market concentration measured using Shannon Entropy, was 3.12. This means that most of the exports of Platinum unwrought or in powder form are explained by 8 countries.

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Value of Exports in Platinum unwrought or in powder form

Net Trade

TOP NET EXPORTER (2023)South Africa$5.16B
TOP NET IMPORTER (2023)China$2.54B

This map shows which countries export or import more of Platinum unwrought or in powder form. Each country is colored based on the difference in exports and imports of Platinum unwrought or in powder form during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Platinum unwrought or in powder form were South Africa ($5.16B), Russia ($1.43B), Belgium ($565M), Italy ($432M), and Zimbabwe ($94.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Platinum unwrought or in powder form were China ($2.54B), Hong Kong ($1.35B), United States ($1.23B), Japan ($854M), and North Macedonia ($453M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Platinum unwrought or in powder form 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 (2023)

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