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2023
Exports $244MWorld Rnk 15 / 110
Flag Rnk 712 / 1215
2023
Destination $130M Switzerland
2022 - 2023
FASTEST GROWING MARKET $130MSwitzerland
2023
PRODUCT COMPLEXITY IN Platinum0.86Rnk 225 / 1025
2023
Imports $5.77BWorld Rnk 3 / 146
Flag Rnk 56 / 1214
2023
Origin $749M South Africa
2022 - 2023
FASTEST GROWING ORIGIN $749MRussia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $244M in Platinum, making it the 15th largest exporter of Platinum in the world. At the same year, Platinum was the 712th most exported product in China. The main destination of Platinum exports from China are: Switzerland ($133M), Hong Kong ($67.7M), United Kingdom ($19.4M), Singapore ($12.6M), and Italy ($6.74M).

The fastest growing export markets for Platinum of China between 2022 and 2023 were Switzerland ($130M), Hong Kong ($43.9M), and United Kingdom ($14M).

Imports In 2023, China imported $5.77B in Platinum, becoming the 3rd largest importer of Platinum in the world. At the same year, Platinum was the 56th most imported product in China. China imports Platinum primarily from: South Africa ($2.19B), Russia ($1.88B), Japan ($342M), United States ($326M), and Hong Kong ($249M).

The fastest growing import markets in Platinum for China between 2022 and 2023 were Russia ($749M), South Africa ($170M), and Italy ($61.1M).

COMPANIES In 2024, leading companies such as CrimsonLogic (148), Dollarama (32), and IKEA Group (9) were at the forefront of shipping Platinum from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Platinum exports accounted up to $17.9M and imports accounted up to $344M, resulting in a negative trade balance of $326M. Between December 2023 and December 2024 the exports of China's   Platinum have increased by $13.5M (309%) from $4.39M to $17.9M, while imports decreased by $-202M (-36.9%) from $546M to $344M.

Destinations In December 2024, Platinum were exported mostly to Hong Kong ($14.5M), Singapore ($3.03M), South Africa ($189k), Russia ($95.1k), and Germany ($47.8k), and were imported mostly from South Africa ($214M), Russia ($47M), Japan ($43.5M), Germany ($13.2M), and Hong Kong ($8.77M).

Growth In December 2024, the increase in Platinum's year-by-year exports was explained primarily by an increase in exports to Singapore ($267k or 36.7%). In December 2024, the decrease in Platinum's year-by-year imports was explained primarily by a decrease in imports from Italy ($-8.19M or -99.3%), South Korea ($-5.09M or -98.7%), and United States ($-2.96M or -66%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$13.5M(309%)
IMPORT GROWTH (December 2023 - December 2024)$-202M(-36.9%)
MAIN EXPORTER (December 2024)Guangdong Province$61.1M
MAIN DESTINATION (December 2024)Hong Kong$14.5M

This section shows Platinum's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Platinum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$244M
IMPORTS (2023)$5.77B
NET TRADE (2023)-$5.52B

In 2023, China exported $244M in Platinum. The main destinations of China exports on Platinum were Switzerland ($133M), Hong Kong ($67.7M), United Kingdom ($19.4M), Singapore ($12.6M), and Italy ($6.74M).

In 2023, China imported $5.77B in Platinum, mainly from South Africa ($2.19B), Russia ($1.88B), Japan ($342M), United States ($326M), and Hong Kong ($249M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR China WERE (2022 - 2023):
Switzerland$130M (4.44k%)
Hong Kong$43.9M (185%)
United Kingdom$14M (260%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY China WERE (2022 - 2023):
Italy-$3.18M (-32%)
Saudi Arabia-$710k (-99.1%)
Japan-$254k (-45.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Platinum were:
South Africa $16.2B
Russia $6.84B
Germany $4.32B
In 2023, China's main importing competitors in Platinum were:
United States $8.59B
Japan $5.95B

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Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $11.3M
TOP IMPORT POTENTIALRussia+ $400M

Platinum’s highest export potential is Hong Kong. With an export gap of $11.3M.   Platinum’s highest import potential is Russia with an import gap of $400M.

See methodology.

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