2022
Exports
$7.9BWorld Rnk 3 / 94
Flag Rnk 41 / 1217
2022
PRODUCT COMPLEXITY IN Platinum
0.58Rnk 328 / 1025
2022
Imports
$13.2BWorld Rnk 1 / 143
Flag Rnk 48 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $7.9B in Platinum, making it the 3rd largest exporter of Platinum in the world. At the same year, Platinum was the 41st most exported product in United States. The main destination of Platinum exports from United States are: China ($1.67B), Italy ($1.51B), Japan ($994M), Germany ($989M), and Canada ($875M).

The fastest growing export markets for Platinum of United States between 2021 and 2022 were Japan ($544M), Germany ($41.3M), and Hong Kong ($28.1M).

Imports In 2022, United States imported $13.2B in Platinum, becoming the 1st largest importer of Platinum in the world. At the same year, Platinum was the 48th most imported product in United States. United States imports Platinum primarily from: South Africa ($3.97B), Germany ($3.08B), Russia ($1.84B), Belgium ($1.1B), and United Kingdom ($1.08B).

The fastest growing import markets in Platinum for United States between 2021 and 2022 were Japan ($162M), Austria ($18.7M), and Costa Rica ($9.71M).

COMPANIES In 2023, leading companies such as Norwegian Cruise Line (179), CrimsonLogic (81), and CONTINENTAL AUTOMOTIVE SYSTEMS, INC (9) were at the forefront of shipping Platinum to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-63.9M(-15.5%)
IMPORT GROWTH (August 2023 - August 2024)$-259M(-32%)
MAIN EXPORTER (August 2024)New Jersey$352M
MAIN DESTINATION (August 2024)Canada$69.4M

This section shows Platinum's exports and imports data at subnational level for United States. 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)$7.9B
IMPORTS (2022)$13.2B
NET TRADE (2022)-$5.28B

In 2022, United States exported $7.9B in Platinum. The main destinations of United States exports on Platinum were China ($1.67B), Italy ($1.51B), Japan ($994M), Germany ($989M), and Canada ($875M).

In 2022, United States imported $13.2B in Platinum, mainly from South Africa ($3.97B), Germany ($3.08B), Russia ($1.84B), Belgium ($1.1B), and United Kingdom ($1.08B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR United States WERE (2021 - 2022):
Japan$544M (121%)
Germany$41.3M (4.36%)
Hong Kong$28.1M (14.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY United States WERE (2021 - 2022):
China-$836M (-33.4%)
South Korea-$482M (-91.8%)
Switzerland-$407M (-44.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Platinum were:
In 2022, United States's main importing competitors in Platinum were:
Germany $9.66B
Japan $9.48B

Explore Visualizations

Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $142M
TOP IMPORT POTENTIALUnited Kingdom+ $188M

Platinum’s highest export potential is Canada. With an export gap of $142M.   Platinum’s highest import potential is United Kingdom with an import gap of $188M.

See methodology.

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