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2022
Exports $2.39BWorld Rnk 8 / 94
Flag Rnk 67 / 1213
2022
Destination $592M South Korea
2021 - 2022
FASTEST GROWING MARKET $592MSouth Korea
2022
PRODUCT COMPLEXITY IN Platinum0.58Rnk 328 / 1025
2022
Imports $9.48BWorld Rnk 3 / 143
Flag Rnk 13 / 1214
2022
Origin $544M South Africa
2021 - 2022
FASTEST GROWING ORIGIN $544MUnited States
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $2.39B in Platinum, making it the 8th largest exporter of Platinum in the world. At the same year, Platinum was the 67th most exported product in Japan. The main destination of Platinum exports from Japan are: South Korea ($695M), China ($283M), United States ($278M), Hong Kong ($262M), and United Kingdom ($183M).

The fastest growing export markets for Platinum of Japan between 2021 and 2022 were South Korea ($592M), United States ($162M), and Ireland ($79.8M).

Imports In 2022, Japan imported $9.48B in Platinum, becoming the 3rd largest importer of Platinum in the world. At the same year, Platinum was the 13th most imported product in Japan. Japan imports Platinum primarily from: South Africa ($5.97B), United States ($994M), Russia ($988M), Germany ($510M), and United Kingdom ($494M).

The fastest growing import markets in Platinum for Japan between 2021 and 2022 were United States ($544M), Germany ($117M), and Singapore ($3.36M).

Latest Trends

August 2024

About

Overview In August 2024 Japan's Platinum exports accounted up to ¥14.5B and imports accounted up to ¥47B, resulting in a negative trade balance of ¥32.5B. Between August 2023 and August 2024 the exports of Japan's   Platinum have increased by ¥655M (4.73%) from ¥13.9B to ¥14.5B, while imports decreased by ¥-23.3B (-33.1%) from ¥70.3B to ¥47B.

Destinations In August 2024, Platinum were exported mostly to China (¥3.71B), United States (¥2.71B), South Korea (¥2.28B), Singapore (¥1.44B), and Hong Kong (¥1.37B), and were imported mostly from South Africa (¥32.8B), Russia (¥5B), Germany (¥2.29B), Belgium (¥1.85B), and Chinese Taipei (¥1.19B).

Growth In August 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 August 2024, the decrease in Platinum's year-by-year imports was explained primarily by a decrease in imports from South Africa (¥-14B or -21%), Russia (¥-2.65B or -23.7%), and United States (¥-2.08B or -62.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)¥655M(4.73%)
IMPORT GROWTH (August 2023 - August 2024)¥-23.3B(-33.1%)
MAIN EXPORTER (August 2024)Chiba¥20.6B
MAIN DESTINATION (August 2024)China¥3.71B

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 (2022)$2.39B
IMPORTS (2022)$9.48B
NET TRADE (2022)-$7.09B

In 2022, Japan exported $2.39B in Platinum. The main destinations of Japan exports on Platinum were South Korea ($695M), China ($283M), United States ($278M), Hong Kong ($262M), and United Kingdom ($183M).

In 2022, Japan imported $9.48B in Platinum, mainly from South Africa ($5.97B), United States ($994M), Russia ($988M), Germany ($510M), and United Kingdom ($494M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR Japan WERE (2021 - 2022):
South Korea$592M (574%)
United States$162M (140%)
Ireland$79.8M (138k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY Japan WERE (2021 - 2022):
Switzerland-$129M (-49.1%)
China-$113M (-28.5%)
Hong Kong-$105M (-28.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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

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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.

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