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2022
Exports $50.7MWorld Rnk 26 / 94
Flag Rnk 952 / 1216
2022
Destination $13.5M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $13.5MHong Kong
2022
PRODUCT COMPLEXITY IN Platinum0.58Rnk 328 / 1025
2022
Imports $6.48BWorld Rnk 5 / 143
Flag Rnk 54 / 1212
2022
Origin $1.08B South Africa
2021 - 2022
FASTEST GROWING ORIGIN $1.08BSouth Africa
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $50.7M in Platinum, making it the 26th largest exporter of Platinum in the world. At the same year, Platinum was the 952nd most exported product in China. The main destination of Platinum exports from China are: Hong Kong ($23.4M), Italy ($9.89M), United Kingdom ($5.59M), Singapore ($4.22M), and Switzerland ($2.94M).

The fastest growing export markets for Platinum of China between 2021 and 2022 were Hong Kong ($13.5M), Italy ($8.69M), and United Kingdom ($5.15M).

Imports In 2022, China imported $6.48B in Platinum, becoming the 5th largest importer of Platinum in the world. At the same year, Platinum was the 54th most imported product in China. China imports Platinum primarily from: South Africa ($1.83B), United States ($1.67B), Russia ($1.13B), United Kingdom ($720M), and Hong Kong ($353M).

The fastest growing import markets in Platinum for China between 2021 and 2022 were South Africa ($1.08B), Hong Kong ($205M), and Chinese Taipei ($32.4M).

COMPANIES In 2023, leading companies such as CrimsonLogic (81), IKEA Group (6), and Walgreens (4) were at the forefront of shipping Platinum from China to the United States.

Latest Trends

August 2024

About

Overview In August 2024 China's Platinum exports accounted up to $13.4M and imports accounted up to $472M, resulting in a negative trade balance of $459M. Between August 2023 and August 2024 the exports of China's   Platinum have increased by $9.51M (245%) from $3.88M to $13.4M, while imports decreased by $-211M (-30.9%) from $683M to $472M.

Destinations In August 2024, Platinum were exported mostly to Hong Kong ($9M), Singapore ($4.3M), United Kingdom ($49.3k), Vietnam ($13.2k), and Chinese Taipei ($12.7k), and were imported mostly from South Africa ($231M), Russia ($84.1M), Japan ($64.3M), Switzerland ($26M), and Hong Kong ($22.9M).

Growth In August 2024, the increase in Platinum's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Platinum's year-by-year imports was explained primarily by a decrease in imports from South Africa ($-160M or -56.2%), Belgium ($-85.5M or -97.2%), and Germany ($-31.9M or -63.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$9.51M(245%)
IMPORT GROWTH (August 2023 - August 2024)$-211M(-30.9%)
MAIN EXPORTER (August 2024)Guangdong Province$61.1M
MAIN DESTINATION (August 2024)Hong Kong$9M

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 (2022)$50.7M
IMPORTS (2022)$6.48B
NET TRADE (2022)-$6.43B

In 2022, China exported $50.7M in Platinum. The main destinations of China exports on Platinum were Hong Kong ($23.4M), Italy ($9.89M), United Kingdom ($5.59M), Singapore ($4.22M), and Switzerland ($2.94M).

In 2022, China imported $6.48B in Platinum, mainly from South Africa ($1.83B), United States ($1.67B), Russia ($1.13B), United Kingdom ($720M), and Hong Kong ($353M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR China WERE (2021 - 2022):
Hong Kong$13.5M (136%)
Italy$8.69M (724%)
United Kingdom$5.15M (1.19k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY China WERE (2021 - 2022):
Germany-$3.71M (-98.2%)
South Korea-$1.1M (-90.9%)
Singapore-$276k (-6.15%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Platinum were:
South Africa $19.1B
United Kingdom $8.43B
United States $7.9B
In 2022, China's main importing competitors in Platinum were:
United States $13.2B
Germany $9.66B
Japan $9.48B

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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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