HS Icon Platinum in semi-manufactured forms

711019 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $5.27B, Rnk 593 / 4648

2019
Top Exporter | Top Importer
: $2.6B | $1.92B, South Africa | United Kingdom

2019
Product Complexity
: 1.38, Rnk 305 / 4826

2018 - 2019
Export Growth (CAGR)
: 3.08%, Rnk 995 / 4648

2018
Mean Tariff
: 5.48%, Rnk 3848 / 6538

 2019
Share of World Trade
: 0.029%, Rnk 593 / 4648

Overview:  This page contains the latest trade data of Platinum in semi-manufactured forms. In 2019, Platinum in semi-manufactured forms were the world's 593rd most traded product, with a total trade of $5.27B. Between 2018 and 2019 the exports of Platinum in semi-manufactured forms grew by 3.08%, from  $5.11B to $5.27B. Trade in Platinum in semi-manufactured forms represent 0.029% of total world trade.

Exports: In 2019 the top exporters of Platinum in semi-manufactured forms  were South Africa ($2.6B), United Kingdom ($575M), Russia ($359M), Japan ($321M), and Switzerland ($321M).

Imports: In 2019 the top importers of Platinum in semi-manufactured forms were United Kingdom ($1.92B), Hong Kong ($661M), Japan ($476M), Switzerland ($442M), and United States ($403M).

Tariffs: In 2018 the average tariff for Platinum in semi-manufactured forms was 5.48%, making it the 3848th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Platinum in semi-manufactured forms are Angola (50%), Bahamas (40.2%), Ethiopia (34.7%), Cuba (29.6%), and Cameroon (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 in semi-manufactured forms ranks 305th in the Product Complexity Index (PCI).

Description: Platinum is used in semi-manufactured forms for jewelry, coins, and other items.

Exporters and Importers

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Trade By Country

Top Origin (2019): South Africa, $2.6B

Top Destination (2019): United Kingdom, $1.92B

Platinum in semi-manufactured forms are the world's 593rd most traded product.

In 2019, the top exporters of Platinum in semi-manufactured forms were South Africa ($2.6B), United Kingdom ($575M), Russia ($359M), Japan ($321M), and Switzerland ($321M).

In 2019, the top importers of Platinum in semi-manufactured forms were United Kingdom ($1.92B), Hong Kong ($661M), Japan ($476M), Switzerland ($442M), and United States ($403M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): South Africa, $457M

Top Destination Growth (2018 - 2019): United Kingdom, $734M

Between 2018 and 2019, the exports of Platinum in semi-manufactured forms grew the fastest in South Africa ($457M), Russia ($209M), Switzerland ($31.9M), United States ($14.3M), and Italy ($12.8M).

Between 2018 and 2019, the fastest growing importers of Platinum in semi-manufactured forms were United Kingdom ($734M), Switzerland ($104M), South Korea ($31.5M), India ($24.9M), and Australia ($10.6M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Platinum in semi-manufactured forms.

In 2019,  market concentration measured using Shannon Entropy, was 2.81. This means that most of the exports of Platinum in semi-manufactured forms are explained by 7 countries.

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TOP NET EXPORTER (2019): South Africa, $2.6B

TOP NET IMPORTER (2019): United Kingdom, $1.35B

This map shows which countries export or import more of Platinum in semi-manufactured forms. Each country is colored based on the difference in exports and imports of Platinum in semi-manufactured forms during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Platinum in semi-manufactured forms were South Africa ($2.6B), Russia ($359M), Chinese Taipei ($67.4M), Slovakia ($42.2M), and Germany ($19M).

In 2019, the countries that had a largest trade value in imports than in exports of Platinum in semi-manufactured forms were United Kingdom ($1.35B), Hong Kong ($632M), United States ($198M), China ($170M), and Japan ($155M).

Import Tariffs

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In 2018, the average tariff for importing Platinum in semi-manufactured forms was 5.48%.  The countries with the highest tariffs for importing Platinum in semi-manufactured forms were Angola (50%), Bahamas (40.2%), Ethiopia (34.7%), Cuba (29.6%), and Cameroon (29.4%).

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Product Complexity

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Diversification Frontier

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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.