2023
Exports
$128MWorld Rnk 19 / 110
Flag Rnk 178 / 1209
2023
PRODUCT COMPLEXITY IN Platinum
0.86Rnk 225 / 1025
2023
Imports
$88.1MWorld Rnk 25 / 146
Flag Rnk 355 / 1210
2023
ECONOMIC COMPLEXITY of United Arab Emirates
0.15Rnk 54 / 132

About

Exports In 2023, United Arab Emirates exported $128M in Platinum, making it the 19th largest exporter of Platinum in the world. At the same year, Platinum was the 178th most exported product in United Arab Emirates. The main destination of Platinum exports from United Arab Emirates are: Hong Kong ($60.9M), Russia ($39.4M), South Africa ($10.5M), India ($7.98M), and Iraq ($7.59M).

The fastest growing export markets for Platinum of United Arab Emirates between 2022 and 2023 were Hong Kong ($57.2M), Russia ($27.4M), and United States ($797k).

Imports In 2023, United Arab Emirates imported $88.1M in Platinum, becoming the 25th largest importer of Platinum in the world. At the same year, Platinum was the 355th most imported product in United Arab Emirates. United Arab Emirates imports Platinum primarily from: Armenia ($32.4M), Switzerland ($19.7M), South Africa ($15.2M), Russia ($14M), and Italy ($1.98M).

The fastest growing import markets in Platinum for United Arab Emirates between 2022 and 2023 were Armenia ($32.4M), Russia ($11M), and United States ($581k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

The following visualization shows the latest trends on Platinum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$128M
IMPORTS (2023)$88.1M
NET TRADE (2023)$40.3M

In 2023, United Arab Emirates exported $128M in Platinum. The main destinations of United Arab Emirates exports on Platinum were Hong Kong ($60.9M), Russia ($39.4M), South Africa ($10.5M), India ($7.98M), and Iraq ($7.59M).

In 2023, United Arab Emirates imported $88.1M in Platinum, mainly from Armenia ($32.4M), Switzerland ($19.7M), South Africa ($15.2M), Russia ($14M), and Italy ($1.98M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR United Arab Emirates WERE (2022 - 2023):
Hong Kong$57.2M (1.56k%)
Russia$27.4M (227%)
United States$797k (176k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY United Arab Emirates WERE (2022 - 2023):
India-$1.18B (-99.3%)
South Africa-$44.8M (-81.1%)
Switzerland-$15M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, United Arab Emirates's main exporting competitors in Platinum were:
In 2023, United Arab Emirates's main importing competitors in Platinum were:

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Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALHong Kong+ $2.3M
TOP IMPORT POTENTIALSouth Africa+ $11.6M

Platinum’s highest export potential is Hong Kong. With an export gap of $2.3M.   Platinum’s highest import potential is South Africa with an import gap of $11.6M.

See methodology.

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