2018
Exports
$2.71MWorld Rnk 47 / 110
Flag Rnk 481 / 1148
2023
PRODUCT COMPLEXITY IN Platinum
0.86Rnk 225 / 1025
2018
Imports
$1.33MWorld Rnk 61 / 146
Flag Rnk 1015 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2018, Saudi Arabia exported $2.71M in Platinum, making it the 47th largest exporter of Platinum in the world. At the same year, Platinum was the 481st most exported product in Saudi Arabia. The main destination of Platinum exports from Saudi Arabia are: Germany ($2.63M), United Arab Emirates ($77.3k), Netherlands ($2.12k), and Egypt ($43).

The fastest growing export markets for Platinum of Saudi Arabia between 2022 and 2023 were Netherlands ($2.12k) and Egypt ($43).

Imports In 2023, Saudi Arabia imported $1.33M in Platinum, becoming the 61st largest importer of Platinum in the world. At the same year, Platinum was the 1015th most imported product in Saudi Arabia. Saudi Arabia imports Platinum primarily from: United Kingdom ($657k), United States ($524k), United Arab Emirates ($60.5k), Switzerland ($30.8k), and Germany ($28.8k).

The fastest growing import markets in Platinum for Saudi Arabia between 2022 and 2023 were United Kingdom ($645k), United States ($259k), and United Arab Emirates ($59.9k).

Latest Trends

Dec 2024

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)$2.71M
IMPORTS (2023)$1.33M
NET TRADE (2023)$1.38M

In 2023, Saudi Arabia exported $2.71M in Platinum. The main destinations of Saudi Arabia exports on Platinum were Germany ($2.63M), United Arab Emirates ($77.3k), Netherlands ($2.12k), and Egypt ($43).

In 2023, Saudi Arabia imported $1.33M in Platinum, mainly from United Kingdom ($657k), United States ($524k), United Arab Emirates ($60.5k), Switzerland ($30.8k), and Germany ($28.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
Netherlands$2.12k (1%)
Egypt$43 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY Saudi Arabia WERE (2022 - 2023):
Germany-$4.95M (-65.3%)
United Arab Emirates-$869k (-91.8%)
Italy-$23k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Platinum were:
In 2023, Saudi Arabia'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 POTENTIALGermany+ $2.58M
TOP IMPORT POTENTIALUnited States+ $413k

Platinum’s highest export potential is Germany. With an export gap of $2.58M.   Platinum’s highest import potential is United States with an import gap of $413k.

See methodology.

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