Platinum in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $50.7M in Platinum, making it the 26th largest exporter of Platinum in the world. At the same year, Platinum was the 952nd most exported product in China. The main destination of Platinum exports from China are: Hong Kong ($23.4M), Italy ($9.89M), United Kingdom ($5.59M), Singapore ($4.22M), and Switzerland ($2.94M).

The fastest growing export markets for Platinum of China between 2021 and 2022 were Hong Kong ($13.5M), Italy ($8.69M), and United Kingdom ($5.15M).

Imports In 2022, China imported $6.48B in Platinum, becoming the 5th largest importer of Platinum in the world. At the same year, Platinum was the 54th most imported product in China. China imports Platinum primarily from: South Africa ($1.83B), United States ($1.67B), Russia ($1.13B), United Kingdom ($720M), and Hong Kong ($353M).

The fastest growing import markets in Platinum for China between 2021 and 2022 were South Africa ($1.08B), Hong Kong ($205M), and Chinese Taipei ($32.4M).

COMPANIES In 2023, leading companies such as GLOBAL ETRADE SERVICES INC (49), CRIMSONLOGIC US INC (32), and IKEA SUPPLY AG (6) were at the forefront of shipping Platinum from China to the United States.

Latest Trends

March 2024

About

Overview In March 2024 China's Platinum exports accounted up to $17.1M and imports accounted up to $727M, resulting in a negative trade balance of $709M. Between March 2023 and March 2024 the exports of China's Platinum have increased by $13.5M (366%) from $3.68M to $17.1M, while imports increased by $218M (42.8%) from $509M to $727M.

Destinations In March 2024, Platinum were exported mostly to Hong Kong ($8.7M), Singapore ($8.26M), Germany ($84.9k), Italy ($28.1k), and Thailand ($21.5k), and were imported mostly from South Africa ($465M), Russia ($107M), Hong Kong ($51.5M), Switzerland ($38M), and Japan ($27.8M).

Growth In March 2024, the increase in Platinum's year-by-year exports was explained primarily by an increase in exports to . In March 2024, the increase in Platinum's year-by-year imports was explained primarily by an increase in imports from Russia ($80.1M or 709%), South Korea ($4.73M or 1.1k%), and United Kingdom ($2.61M or 61.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$13.5M(366%)

IMPORT GROWTH (March 2023 - March 2024)$218M(42.8%)

MAIN EXPORTER (March 2024)Guangdong Province$29.8M

MAIN DESTINATION (March 2024)Hong Kong$8.7M

This section shows Platinum's exports and imports data at subnational level for China. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$50.7M

IMPORTS (2022)$6.48B

NET TRADE (2022)-$6.43B

In 2022, China exported $50.7M in Platinum. The main destinations of China exports on Platinum were Hong Kong ($23.4M), Italy ($9.89M), United Kingdom ($5.59M), Singapore ($4.22M), and Switzerland ($2.94M).

In 2022, China imported $6.48B in Platinum, mainly from South Africa ($1.83B), United States ($1.67B), Russia ($1.13B), United Kingdom ($720M), and Hong Kong ($353M).

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