Platinum-clad metal trade by country: top importers, exporters and prices
World trade in platinum-clad metal was worth $172.4 million in 2024, about 681 tonnes. That is a fall of 6% since 2017, and down 91% 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 | $172.4M | 681 t |
| 2023 | $1.89B | 1.3K t |
| 2022 | $2.27B | 822 t |
| 2021 | $2.17B | 285 t |
| 2020 | $2.53B | 3.5K t |
| 2019 | $2.90B | 3.6K t |
| 2018 | $342.1M | 682 t |
| 2017 | $183.5M | 276 t |
Top platinum-clad metal exporting countries
Exports are led by South Korea (25%), Malaysia (21%) and Japan (20%). 61 countries reported exports, and the top three account for 65%.
| Exporter | Value | Share |
|---|---|---|
| South Korea | $42.4M | 25% |
| Malaysia | $36.8M | 21% |
| Japan | $33.6M | 20% |
| Singapore | $11.7M | 6.8% |
| Germany | $8.3M | 4.8% |
| Slovakia | $4.7M | 2.7% |
| China | $4.3M | 2.5% |
| France | $4.2M | 2.4% |
| Philippines | $3.7M | 2.2% |
| Switzerland | $3.6M | 2.1% |
| South Africa | $3.1M | 1.8% |
| United Kingdom | $3.0M | 1.8% |
Top importing countries and buyer markets
The largest importers are the Philippines (34%), Japan (24%) and Malaysia (10%). 94 countries imported it, and the top three take 68% of the value.
| Importer | Value | Share |
|---|---|---|
| Philippines | $58.8M | 34% |
| Japan | $40.6M | 24% |
| Malaysia | $18.1M | 11% |
| China | $12.0M | 7% |
| Germany | $7.7M | 4.5% |
| Singapore | $5.6M | 3.2% |
| United States | $3.7M | 2.1% |
| Costa Rica | $3.4M | 2% |
| Hong Kong | $2.6M | 1.5% |
| Belgium | $2.1M | 1.2% |
| Thailand | $1.8M | 1.1% |
| Egypt | $1.7M | 1% |
Average price per kg
The world average declared value was about $253.30 per kg in 2024. Among the main exporters, Malaysia averaged $29,295.78 per kg and Germany $18.70 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 7111: Base metals, silver or gold, clad with platinum; not further worked than semi-manufactured. HS 7111 codes.
Common questions
Which countries export the most platinum-clad metal?
South Korea exported $42.4 million in 2024, 25% of the world total, followed by Malaysia (21%) and Japan (20%). In all, 61 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most platinum-clad metal?
The Philippines imported $58.8 million in 2024, 34% of world imports, ahead of Japan (24%) and Malaysia (10%). The top three importers together take 68%. Each country with its own page is linked from the table.
How big is the world trade in platinum-clad metal?
It was worth $172.4 million in 2024, about 681 tonnes. That is a fall of 6% since 2017. The peak year was 2019 at $2.90 billion. 61 countries reported exports and 94 reported imports.
What is the average price of platinum-clad metal per kg?
The world average declared value was about $253.30 per kg in 2024. Among the main exporters, Malaysia averaged $29,295.78 per kg and Germany $18.70 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-clad metal?
The HS code for platinum-clad metal is heading 7111, 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 7111 page.
How can I find platinum-clad metal 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.
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