2023
Exports
$46MWorld Rnk 28 / 110
Flag Rnk 607 / 1212
2023
PRODUCT COMPLEXITY IN Platinum
0.86Rnk 225 / 1025
2023
Imports
$254MWorld Rnk 18 / 146
Flag Rnk 279 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $46M in Platinum, making it the 28th largest exporter of Platinum in the world. At the same year, Platinum was the 607th most exported product in India. The main destination of Platinum exports from India are: United States ($20.8M), United Kingdom ($7.77M), Italy ($5.82M), Germany ($5.1M), and China ($4.97M).

The fastest growing export markets for Platinum of India between 2022 and 2023 were United States ($18.9M), Singapore ($957k), and Thailand ($123k).

Imports In 2023, India imported $254M in Platinum, becoming the 18th largest importer of Platinum in the world. At the same year, Platinum was the 279th most imported product in India. India imports Platinum primarily from: United Kingdom ($81.9M), South Africa ($69.5M), Germany ($18.6M), Italy ($17.8M), and Norway ($16.5M).

The fastest growing import markets in Platinum for India between 2022 and 2023 were South Africa ($16.7M), Norway ($16.5M), and Switzerland ($4.29M).

Latest Trends

Jan 2025

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)$46M
IMPORTS (2023)$254M
NET TRADE (2023)-$208M

In 2023, India exported $46M in Platinum. The main destinations of India exports on Platinum were United States ($20.8M), United Kingdom ($7.77M), Italy ($5.82M), Germany ($5.1M), and China ($4.97M).

In 2023, India imported $254M in Platinum, mainly from United Kingdom ($81.9M), South Africa ($69.5M), Germany ($18.6M), Italy ($17.8M), and Norway ($16.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR India WERE (2022 - 2023):
United States$18.9M (977%)
Singapore$957k (1%)
Thailand$123k (129%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY India WERE (2022 - 2023):
United Kingdom-$33.5M (-81.2%)
Ireland-$10.1M (-99.9%)
Germany-$5.67M (-52.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Platinum were:
In 2023, India's main importing competitors in Platinum were:

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Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $20M
TOP IMPORT POTENTIALSouth Africa+ $57.4M

Platinum’s highest export potential is China. With an export gap of $20M.   Platinum’s highest import potential is South Africa with an import gap of $57.4M.

See methodology.

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