Overview: This page contains the latest trade data of Platinum. In 2019, Platinum were the world's 91st most traded product, with a total trade of $40.7B. Between 2018 and 2019 the exports of Platinum grew by 26.9%, from $32.1B to $40.7B. Trade in Platinum represent 0.22% of total world trade.
Exports: In 2019 the top exporters of Platinum were South Africa ($9.62B), Russia ($6.53B), United Kingdom ($5.13B), Germany ($4.03B), and United States ($3.95B).
Imports: In 2019 the top importers of Platinum were United Kingdom ($6.83B), United States ($6.69B), Germany ($6.01B), Japan ($4.22B), and China ($2.78B).
Tariffs: In 2018 the average tariff for Platinum was 4.99%, making it the 820th 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%), Gabon (29.4%), and Chad (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 313th 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.