Platinum trade by country: top importers, exporters and prices
World trade in platinum was worth $47.01 billion in 2024, about 1.5 thousand tonnes. That is an increase of 56% since 2017, and down 5% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $47.01B | 1.5K t |
| 2023 | $49.31B | 1.2K t |
| 2022 | $71.03B | 1.3K t |
| 2021 | $88.49B | 1.3K t |
| 2020 | $61.91B | 1.3K t |
| 2019 | $42.07B | 1.2K t |
| 2018 | $34.15B | 1.4K t |
| 2017 | $30.22B | 1.5K t |
Top platinum exporting countries
Exports are led by South Africa (34%), the United Kingdom (9%) and Russia (8%). 98 countries reported exports, and the top three account for 51%.
| Exporter | Value | Share |
|---|---|---|
| South Africa | $15.78B | 34% |
| United Kingdom | $4.25B | 9% |
| Russia | $3.98B | 8.5% |
| Germany | $3.47B | 7.4% |
| United States | $3.11B | 6.6% |
| Italy | $2.38B | 5.1% |
| Belgium | $2.34B | 5% |
| United Arab Emirates | $1.76B | 3.7% |
| Switzerland | $1.71B | 3.7% |
| Japan | $1.65B | 3.5% |
| Hong Kong | $1.52B | 3.2% |
| China | $635.3M | 1.4% |
Top importing countries and buyer markets
The largest importers are the United States (15%), China (13%) and Japan (11%). 132 countries imported it, and the top three take 39% of the value.
| Importer | Value | Share |
|---|---|---|
| United States | $6.90B | 15% |
| China | $5.96B | 13% |
| Japan | $5.29B | 11% |
| United Kingdom | $4.81B | 10% |
| Germany | $4.73B | 10% |
| Hong Kong | $4.02B | 8.6% |
| Switzerland | $2.76B | 5.9% |
| India | $2.65B | 5.6% |
| Italy | $2.06B | 4.4% |
| South Korea | $1.26B | 2.7% |
| Canada | $1.05B | 2.2% |
| North Macedonia | $1.05B | 2.2% |
Average price per kg
The world average declared value was about $31,665.90 per kg in 2024. Among the main exporters, Belgium averaged $43,417.36 per kg and the United Arab Emirates $9,452.57 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7110: Platinum; unwrought or in semi-manufactured forms, or in powder form. HS 7110 codes.
Common questions
Which countries export the most platinum?
South Africa exported $15.78 billion in 2024, 34% of the world total, followed by the United Kingdom (9%) and Russia (8%). In all, 98 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most platinum?
The United States imported $6.90 billion in 2024, 15% of world imports, ahead of China (13%) and Japan (11%). The top three importers together take 39%. Each country with its own page is linked from the table.
How big is the world trade in platinum?
It was worth $47.01 billion in 2024, about 1.5 thousand tonnes. That is an increase of 56% since 2017. The peak year was 2021 at $88.49 billion. 98 countries reported exports and 132 reported imports.
What is the average price of platinum per kg?
The world average declared value was about $31,665.90 per kg in 2024. Among the main exporters, Belgium averaged $43,417.36 per kg and the United Arab Emirates $9,452.57 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for platinum?
The HS code for platinum is heading 7110, in chapter 71 (natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 7110 page.
How can I find platinum buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
See what your buyers are buying.Then decide.
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