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.
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.
Top Destination Growth (2018 - 2019): United Kingdom, $2.76B
Between 2018 and 2019, the exports of Platinum grew the fastest in Russia ($2.29B), Belgium ($1.84B), United States ($946M), Germany ($897M), and Italy ($773M).
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Platinum were South Africa ($9.48B), Russia ($6.41B), Belgium ($2.57B), Italy ($959M), and Norway ($419M).
In 2019, the countries that had a largest trade value in imports than in exports of Platinum were Japan ($3.04B), United States ($2.74B), China ($2.63B), Hong Kong ($2.02B), and Germany ($1.98B).
In 2018, the average tariff for importing Platinum was 4.99%. The countries with the highest tariffs for importing Platinum were Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).
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.