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2023
Exports $1.78BWorld Rnk 8 / 110
Flag Rnk 80 / 1209
2023
Destination $43.7M China
2022 - 2023
FASTEST GROWING MARKET $43.7MCanada
2023
PRODUCT COMPLEXITY IN Platinum0.86Rnk 225 / 1025
2023
Imports $5.95BWorld Rnk 2 / 146
Flag Rnk 19 / 1209
2023
Origin $56.2M South Africa
2022 - 2023
FASTEST GROWING ORIGIN $56.2MHong Kong
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $1.78B in Platinum, making it the 8th largest exporter of Platinum in the world. At the same year, Platinum was the 80th most exported product in Japan. The main destination of Platinum exports from Japan are: China ($342M), South Korea ($318M), Hong Kong ($278M), United Kingdom ($218M), and United States ($162M).

The fastest growing export markets for Platinum of Japan between 2022 and 2023 were Canada ($43.7M), Germany ($29.7M), and Italy ($26.7M).

Imports In 2023, Japan imported $5.95B in Platinum, becoming the 2nd largest importer of Platinum in the world. At the same year, Platinum was the 19th most imported product in Japan. Japan imports Platinum primarily from: South Africa ($4.19B), Russia ($430M), Germany ($338M), United States ($257M), and Belgium ($167M).

The fastest growing import markets in Platinum for Japan between 2022 and 2023 were Hong Kong ($56.2M), Belgium ($27.5M), and Italy ($5.68M).

Latest Trends

November 2024

About

Overview In November 2024 Japan's Platinum exports accounted up to ¥17.4B and imports accounted up to ¥66B, resulting in a negative trade balance of ¥48.6B. Between November 2023 and November 2024 the exports of Japan's   Platinum have increased by ¥1.31B (8.11%) from ¥16.1B to ¥17.4B, while imports increased by ¥16.7B (33.9%) from ¥49.3B to ¥66B.

Destinations In November 2024, Platinum were exported mostly to Switzerland (¥3.23B), South Korea (¥2.64B), Hong Kong (¥2.62B), China (¥1.71B), and Singapore (¥1.63B), and were imported mostly from South Africa (¥51.8B), Russia (¥5.78B), Germany (¥2.75B), Belgium (¥1.27B), and Italy (¥1.05B).

Growth In November 2024, the increase in Platinum's year-by-year exports was explained primarily by an increase in exports to United States (¥3.17B or 137%), Germany (¥1.88B or 218%), and Hong Kong (¥1.21B or 77.3%). In November 2024, the increase in Platinum's year-by-year imports was explained primarily by an increase in imports from Germany (¥2.12B or 82.6%), Belgium (¥2.1B or 225%), and Italy (¥567M or 49.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥1.31B(8.11%)
IMPORT GROWTH (November 2023 - November 2024)¥16.7B(33.9%)
MAIN EXPORTER (November 2024)Chiba¥20.6B
MAIN DESTINATION (November 2024)Switzerland¥3.23B

This section shows Platinum's exports and imports data at subnational level for Japan. 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)$1.78B
IMPORTS (2023)$5.95B
NET TRADE (2023)-$4.18B

In 2023, Japan exported $1.78B in Platinum. The main destinations of Japan exports on Platinum were China ($342M), South Korea ($318M), Hong Kong ($278M), United Kingdom ($218M), and United States ($162M).

In 2023, Japan imported $5.95B in Platinum, mainly from South Africa ($4.19B), Russia ($430M), Germany ($338M), United States ($257M), and Belgium ($167M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Canada$43.7M (896%)
Germany$29.7M (73.5%)
Italy$26.7M (2.01k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY Japan WERE (2022 - 2023):
South Korea-$418M (-56.8%)
China-$190M (-35.8%)
United States-$141M (-46.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $153M
TOP IMPORT POTENTIALGermany+ $78.8M

Platinum’s highest export potential is China. With an export gap of $153M.   Platinum’s highest import potential is Germany with an import gap of $78.8M.

See methodology.

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