HS Icon Platinum

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

7110 (Harmonized System 1992 for 4-digit)

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 are a part of Precious metals, gems and jewelry. 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 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).

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.

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Y-AXIS SCALE

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

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Exporters and Importers

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Trade By Country

Top Origin (2020): South Africa, $11.9B

Top Destination (2020): United States, $11.3B

Platinum are the world's 43rd most traded product.

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).

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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): United Kingdom, $4.42B

Top Destination Growth (2019 - 2020): United States, $4.84B

Between 2019 and 2020, the exports of Platinum grew the fastest in United Kingdom ($4.42B), United States ($4.41B), Russia ($3.95B), South Africa ($2.21B), and Germany ($1.86B).

Between 2019 and 2020, the fastest growing importers of Platinum were United States ($4.84B), United Kingdom ($3.93B), China ($3.2B), Hong Kong ($2.48B), and Germany ($2.48B).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 3.43. This means that most of the exports of Platinum are explained by 10 countries.

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TOP NET EXPORTER (2020): South Africa, $11.6B

TOP NET IMPORTER (2020): China, $5.47B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Platinum were South Africa ($11.6B), Russia ($10.4B), Belgium ($4.02B), Italy ($1.37B), and Norway ($766M).

In 2020, the countries that had a largest trade value in imports than in exports of Platinum were China ($5.47B), Japan ($4.35B), Hong Kong ($4.23B), United States ($3.15B), and Germany ($2.09B).

Disaggregation

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Value

In 2020, the world most traded Platinum, disaggragated by their HS6 level were Palladium unwrought or in powder form ($25.3B), Rhodium unwrought or in powder form ($15.5B), Platinum unwrought or in powder form ($7.75B), Platinum in semi-manufactured forms ($6.9B), and Palladium in semi-manufactured forms ($5.55B)

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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.