Unwrought platinum trade by country: top importers, exporters and prices
World trade in unwrought platinum was worth $14.67 billion in 2024, about 596 tonnes. That is an increase of 46% since 2017, and up 21% 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 | $14.67B | 596 t |
| 2023 | $12.14B | 419 t |
| 2022 | $11.15B | 454 t |
| 2021 | $10.63B | 314 t |
| 2020 | $8.28B | 297 t |
| 2019 | $6.65B | 248 t |
| 2018 | $9.32B | 338 t |
| 2017 | $10.02B | 331 t |
Top unwrought platinum exporting countries
Exports are led by South Africa (36%), the United Kingdom (9%) and the United Arab Emirates (7%). 66 countries reported exports, and the top three account for 53%.
| Exporter | Value | Share |
|---|---|---|
| South Africa | $5.34B | 36% |
| United Kingdom | $1.32B | 9% |
| United Arab Emirates | $1.08B | 7.4% |
| Italy | $874.9M | 6% |
| Hong Kong | $806.1M | 5.5% |
| Japan | $694.2M | 4.7% |
| Belgium | $647.0M | 4.4% |
| Switzerland | $585.9M | 4% |
| Germany | $547.8M | 3.7% |
| Russia | $511.9M | 3.5% |
| Thailand | $433.3M | 3% |
| United States | $428.0M | 2.9% |
Top importing countries and buyer markets
China is the biggest buyer with 23% of world imports, ahead of India and Japan. Demand is spread widely: the top three take 44% across 81 importing countries.
| Importer | Value | Share |
|---|---|---|
| China | $3.37B | 23% |
| India | $1.65B | 11% |
| Japan | $1.50B | 10% |
| United States | $1.44B | 9.8% |
| Hong Kong | $1.30B | 8.9% |
| United Kingdom | $1.16B | 7.9% |
| Germany | $1.00B | 6.8% |
| Switzerland | $770.9M | 5.3% |
| Italy | $481.7M | 3.3% |
| North Macedonia | $478.7M | 3.3% |
| South Korea | $368.8M | 2.5% |
| Belgium | $190.3M | 1.3% |
Average price per kg
The world average declared value was about $24,598.34 per kg in 2024. Among the main exporters, Hong Kong averaged $41,012.42 per kg and the United Arab Emirates $6,124.04 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?
The shipment records behind Unwrought platinum (HS 7110.11) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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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 7110.11: Metals: platinum, unwrought or in powder form. HS 7110 codes.
Common questions
Which countries export the most unwrought platinum?
South Africa exported $5.34 billion in 2024, 36% of the world total, followed by the United Kingdom (9%) and the United Arab Emirates (7%). In all, 66 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most unwrought platinum?
China imported $3.37 billion in 2024, 23% of world imports, ahead of India (11%) and Japan (10%). The top three importers together take 44%. Each country with its own page is linked from the table.
How big is the world trade in unwrought platinum?
It was worth $14.67 billion in 2024, about 596 tonnes. That is an increase of 46% since 2017. 2024 was the highest year since 2017. 66 countries reported exports and 81 reported imports.
What is the average price of unwrought platinum per kg?
The world average declared value was about $24,598.34 per kg in 2024. Among the main exporters, Hong Kong averaged $41,012.42 per kg and the United Arab Emirates $6,124.04 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 unwrought platinum?
The HS code for unwrought platinum is subheading 7110.11, in chapter 71 (natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 7110 page.
How can I find unwrought platinum buyers and suppliers?
The rankings here stop at countries; EximDataX goes down to the companies trading unwrought platinum, from direct customs feeds and mirror data. Tell us your markets to see them live.
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