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2023
Exports $84MWorld Rnk 21 / 110
Flag Rnk 525 / 1215
2023
Destination $91k United Kingdom
2022 - 2023
FASTEST GROWING MARKET $91kSwitzerland
2023
PRODUCT COMPLEXITY IN Platinum0.86Rnk 225 / 1025
2023
Imports $117MWorld Rnk 24 / 146
Flag Rnk 466 / 1214
2023
Origin $31.4M South Africa
2022 - 2023
FASTEST GROWING ORIGIN $31.4MSouth Africa
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $84M in Platinum, making it the 21st largest exporter of Platinum in the world. At the same year, Platinum was the 525th most exported product in Spain. The main destination of Platinum exports from Spain are: United Kingdom ($48.1M), France ($21.8M), Italy ($10.6M), Belgium ($1.84M), and Germany ($1.32M).

The fastest growing export markets for Platinum of Spain between 2022 and 2023 were Switzerland ($91k), Netherlands ($23.1k), and Poland ($10.2k).

Imports In 2023, Spain imported $117M in Platinum, becoming the 24th largest importer of Platinum in the world. At the same year, Platinum was the 466th most imported product in Spain. Spain imports Platinum primarily from: South Africa ($54.8M), United Kingdom ($25.6M), Italy ($18.1M), South Korea ($7.5M), and France ($5.29M).

The fastest growing import markets in Platinum for Spain between 2022 and 2023 were South Africa ($31.4M), Netherlands ($1.37M), and Estonia ($557k).

Latest Trends

November 2024

About

Overview In November 2024 Spain's Platinum exports accounted up to €6.08M and imports accounted up to €16M, resulting in a negative trade balance of €9.87M. Between November 2023 and November 2024 the exports of Spain's   Platinum have increased by €3.11M (105%) from €2.97M to €6.08M, while imports increased by €12.4M (347%) from €3.57M to €16M.

Destinations In November 2024, Platinum were exported mostly to France (€2.38M), United Kingdom (€2.29M), Italy (€1.34M), India (€45.3k), and Netherlands (€28.6k), and were imported mostly from South Africa (€15M), United Kingdom (€391k), India (€211k), France (€85.5k), and Belgium (€70.9k).

Growth In November 2024, the increase in Platinum's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the increase in Platinum's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€3.11M(105%)
IMPORT GROWTH (November 2023 - November 2024)€12.4M(347%)
MAIN EXPORTER (November 2024)Madrid€5.61M
MAIN DESTINATION (November 2024)France€2.38M

This section shows Platinum's exports and imports data at subnational level for Spain. 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)$84M
IMPORTS (2023)$117M
NET TRADE (2023)-$32.9M

In 2023, Spain exported $84M in Platinum. The main destinations of Spain exports on Platinum were United Kingdom ($48.1M), France ($21.8M), Italy ($10.6M), Belgium ($1.84M), and Germany ($1.32M).

In 2023, Spain imported $117M in Platinum, mainly from South Africa ($54.8M), United Kingdom ($25.6M), Italy ($18.1M), South Korea ($7.5M), and France ($5.29M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Switzerland$91k (155%)
Netherlands$23.1k (36.4%)
Poland$10.2k (1.02M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY Spain WERE (2022 - 2023):
Belgium-$45.2M (-96.1%)
France-$15.7M (-42%)
Italy-$3.68M (-25.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Platinum were:
South Africa $16.2B
Russia $6.84B
Germany $4.32B
In 2023, Spain's main importing competitors in Platinum were:
United States $8.59B
Japan $5.95B
China $5.77B

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Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $14.1M
TOP IMPORT POTENTIALSouth Africa+ $20.5M

Platinum’s highest export potential is United Kingdom. With an export gap of $14.1M.   Platinum’s highest import potential is South Africa with an import gap of $20.5M.

See methodology.

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