🇸🇦 Saudi Arabia exports of platinum: 2024 trade data
Exports of platinum by Saudi Arabia reached $15.5 million in 2024 (0 tonnes). Value rose 469% on 2023. Over 2017-2024 it shrank by about 28% a year on average. The peak in this period was 2017, at $161.2 million.
Public statistics, latest reported year 2024. Values in US dollars.
Exports of platinum by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $15.5M | 0 t |
| 2023 | $2.7M | 0 t |
| 2022 | $8.6M | 0 t |
| 2021 | $18.9M | 0 t |
| 2020 | $16.4M | 1 t |
| 2019 | $2.0M | 0 t |
| 2018 | $47.6M | 2 t |
| 2017 | $161.2M | 6 t |
Where Saudi Arabia exports platinum to
Ireland alone took 65% of it. Among the main buyer markets, Germany grew fastest (+100% on the year before).
| Destination | Value | Share |
|---|---|---|
| 🇮🇪 Ireland | $10.0M | 65% |
| 🇩🇪 Germany | $5.3M | 34% |
| 🇺🇸 United States | $175K | 1.1% |
| 🇦🇪 United Arab Emirates | $13K | 0.1% |
Types of platinum under HS 7110
| 7110.11 | Metals: platinum, unwrought or in powder form | 65% |
| 7110.19 | Metals: platinum, semi-manufactured | 33% |
| 7110.49 | Metals: iridium, osmium, ruthenium, semi-manufactured | 1.1% |
| 7110.21 | Metals: palladium, unwrought or in powder form | 0.7% |
| 7110.39 | Metals: rhodium, semi-manufactured | 0.1% |
Codes and full descriptions: HS heading 7110.
Saudi Arabia also imports platinum
Saudi Arabia imported $1.7 million of platinum in 2024 (2 tonnes). Most of the value came from United Kingdom (47%), China (23%), Belgium (14%). Among the main suppliers, Switzerland grew fastest (+51% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇬🇧 United Kingdom | $776K | 47% |
| 🇨🇳 China | $385K | 23% |
| 🇧🇪 Belgium | $233K | 14% |
| 🇺🇸 United States | $162K | 9.8% |
| 🇨🇭 Switzerland | $47K | 2.8% |
| 🇮🇹 Italy | $19K | 1.2% |
| 🇩🇪 Germany | $14K | 0.9% |
| 🇮🇳 India | $6K | 0.3% |
| 🇭🇺 Hungary | $4K | 0.3% |
| 🇸🇪 Sweden | $2K | 0.1% |
Who is behind these numbers in Saudi Arabia?
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.
Mirror data: built from the shipment records of the countries that trade with it.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
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.
Platinum trade in Saudi Arabia: questions
What is the value of platinum imported by Saudi Arabia?
Saudi Arabia imported platinum worth $1.7 million in 2024 (2 tonnes).
Where does Saudi Arabia import platinum from?
The main supplier countries in 2024 were United Kingdom (47%), China (23%), Belgium (14%).
What is the average import price of platinum in Saudi Arabia?
The average declared import value was about $917.06 per kg in 2024, against a world average of $31,665.54 per kg.
Does Saudi Arabia export platinum?
Yes. Saudi Arabia exported platinum worth $15.5 million in 2024, mainly to Ireland, Germany, United States.
What is the HS code for platinum?
Platinum falls under HS heading 7110 (Platinum; unwrought or in semi-manufactured forms, or in powder form). The six-digit codes under it split the product by type.
How can I find the companies trading platinum with Saudi Arabia?
These public statistics stop at country level. EximDataX builds Saudi Arabia trade from the records of its trading partners, updated weekly, so you can see who ships this product there.
Platinum trade in other countries
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