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Pricing

711011 (Harmonized System 1992 for 6-digit)

2022
World Trade $10.7BRnk 361 / 4648
2022
Top Exporter | Top Importer $3.48B | $1.76BSouth Africa | China
2022
Product Complexity 0.58Rnk 1509 / 4653
2021 - 2022
Export Growth (CAGR) 7.92%Rnk 1845 / 4648
2022
Share of World Trade 0.045%Rnk 361 / 4648

About

Overview This page contains the latest trade data of Platinum unwrought or in powder form. In 2022, Platinum unwrought or in powder form were the world's 361st most traded product, with a total trade of $10.7B. Between 2021 and 2022 the exports of Platinum unwrought or in powder form grew by 7.92%, from $9.94B to $10.7B. Trade in Platinum unwrought or in powder form represent 0.045% of total world trade.

Platinum unwrought or in powder form are a part of Platinum.

Exports In 2022 the top exporters of Platinum unwrought or in powder form  were South Africa ($3.48B), United Kingdom ($1.28B), United States ($966M), Italy ($934M), and Germany ($680M).

Imports In 2022 the top importers of Platinum unwrought or in powder form were China ($1.76B), United States ($1.54B), Germany ($1.21B), Japan ($1.05B), and United Kingdom ($1.04B).

Ranking Platinum unwrought or in powder form ranks 1509th in the Product Complexity Index (PCI).

Description Platinum is used in jewelry, in catalytic converters, in the production of silicone, and in the production of medical devices.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Platinum unwrought or in powder form. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)South Africa$3.48B
Top Destination (2022)China$1.76B

In 2022 Platinum unwrought or in powder form were the world's 361st most traded product (out of 4,648).

In 2022, the top exporters of Platinum unwrought or in powder form were South Africa ($3.48B), United Kingdom ($1.28B), United States ($966M), Italy ($934M), and Germany ($680M).

In 2022, the top importers of Platinum unwrought or in powder form were China ($1.76B), United States ($1.54B), Germany ($1.21B), Japan ($1.05B), and United Kingdom ($1.04B).

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Exporters of Platinum unwrought or in powder form (2022)
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Importers of Platinum unwrought or in powder form (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)South Africa$1.46B
Top Destination Growth (2021 -  2022)China$1.02B

Between 2021 and 2022, the exports of Platinum unwrought or in powder form grew the fastest in South Africa ($1.46B), United Arab Emirates ($241M), Hong Kong ($149M), Japan ($135M), and Spain ($46.6M).

Between 2021 and 2022, the fastest growing importers of Platinum unwrought or in powder form were China ($1.02B), Japan ($257M), India ($133M), Belgium ($131M), and Italy ($85.7M).

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Exporters of Platinum unwrought or in powder form (2021 - 2022)

Importers of Platinum unwrought or in powder form (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Platinum unwrought or in powder form.

In 2022, market concentration measured using Shannon Entropy, was 3.4. This means that most of the exports of Platinum unwrought or in powder form are explained by 10 countries.

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Value of Exports in Platinum unwrought or in powder form

Net Trade

TOP NET EXPORTER (2022)South Africa$3.36B
TOP NET IMPORTER (2022)China$1.75B

This map shows which countries export or import more of Platinum unwrought or in powder form. Each country is colored based on the difference in exports and imports of Platinum unwrought or in powder form during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Platinum unwrought or in powder form were South Africa ($3.36B), Russia ($553M), Belgium ($400M), Italy ($328M), and United Kingdom ($239M).

In 2022, the countries that had a largest trade value in imports than in exports of Platinum unwrought or in powder form were China ($1.75B), United States ($572M), Japan ($557M), Germany ($532M), and Switzerland ($524M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Platinum unwrought or in powder form.
It is possible to select the main countries that export or import Platinum unwrought or in powder form in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Platinum unwrought or in powder form by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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