Platinum in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $8.43B in Platinum, making it the 2nd largest exporter of Platinum in the world. At the same year, Platinum was the 10th most exported product in United Kingdom. The main destination of Platinum exports from United Kingdom are: North Macedonia ($1.42B), Germany ($1.23B), Hong Kong ($1.1B), United States ($1.08B), and China ($720M).

The fastest growing export markets for Platinum of United Kingdom between 2021 and 2022 were Ireland ($173M), North Macedonia ($45.3M), and Australia ($26.8M).

Imports In 2022, United Kingdom imported $7.18B in Platinum, becoming the 4th largest importer of Platinum in the world. At the same year, Platinum was the 13th most imported product in United Kingdom. United Kingdom imports Platinum primarily from: South Africa ($2.36B), Belgium ($1.02B), Germany ($630M), Italy ($578M), and Switzerland ($524M).

The fastest growing import markets in Platinum for United Kingdom between 2021 and 2022 were Switzerland ($161M), Hong Kong ($89.3M), and Japan ($66M).

COMPANIES In 2023, leading companies such as GOLDEN STATE FC LLC (1) were at the forefront of shipping Platinum from United Kingdom to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Platinum exports accounted up to £273M and imports accounted up to £220M, resulting in a positive trade balance of £52.7M. Between February 2023 and February 2024 the exports of United Kingdom's Platinum have decreased by £-250M (-47.8%) from £522M to £273M, while imports decreased by £-185M (-45.8%) from £405M to £220M.

Destinations In February 2024, Platinum were exported mostly to North Macedonia (£68.5M), United States (£64M), Germany (£45.6M), Japan (£22.2M), and South Korea (£13.6M), and were imported mostly from South Africa (£87.2M), Switzerland (£46.4M), Japan (£23.9M), Germany (£20.1M), and Belgium (£19.6M).

Growth In February 2024, the decrease in Platinum's year-by-year exports was explained primarily by a decrease in exports to China (£-60.4M or -98%), Switzerland (£-57.9M or -82.3%), and Hong Kong (£-52.5M or -78.8%). In February 2024, the decrease in Platinum's year-by-year imports was explained primarily by a decrease in imports from South Africa (£-61.2M or -34.4%), Germany (£-55.7M or -78.2%), and Norway (£-17.7M or -61.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-250M(-47.8%)

IMPORT GROWTH (February 2023 - February 2024)£-185M(-45.8%)

MAIN EXPORTER (February 2024)London Heathrow Airport£304M

MAIN DESTINATION (February 2024)North Macedonia£68.5M

This section shows Platinum's exports and imports data at subnational level for United Kingdom. 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)$8.43B

IMPORTS (2022)$7.18B

NET TRADE (2022)$1.25B

In 2022, United Kingdom exported $8.43B in Platinum. The main destinations of United Kingdom exports on Platinum were North Macedonia ($1.42B), Germany ($1.23B), Hong Kong ($1.1B), United States ($1.08B), and China ($720M).

In 2022, United Kingdom imported $7.18B in Platinum, mainly from South Africa ($2.36B), Belgium ($1.02B), Germany ($630M), Italy ($578M), and Switzerland ($524M).

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