🇬🇧 United Kingdom imports of platinum: 2024 trade data
Imports of platinum by the United Kingdom reached $4.81 billion in 2024 (133 tonnes). That makes it the 4th largest importer of this product worldwide, out of 132 countries. That is 6% less than in 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2021, at $12.83 billion.
Public statistics, latest reported year 2024. Values in US dollars.
Imports of platinum by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $4.81B | 133 t |
| 2023 | $5.12B | 118 t |
| 2022 | $7.23B | 126 t |
| 2021 | $12.83B | 178 t |
| 2020 | $10.57B | 216 t |
| 2019 | $7.05B | 189 t |
| 2018 | $4.13B | 161 t |
| 2017 | $4.00B | 177 t |
Where the United Kingdom imports platinum from
The largest suppliers were South Africa (44%), Belgium (10%), Italy (8%). Among the main suppliers, China grew fastest (+682% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇿🇦 South Africa | $2.11B | 44% |
| 🇧🇪 Belgium | $461.7M | 9.6% |
| 🇮🇹 Italy | $383.9M | 8% |
| 🇭🇰 Hong Kong | $340.5M | 7.1% |
| 🇨🇭 Switzerland | $273.4M | 5.7% |
| 🇯🇵 Japan | $207.6M | 4.3% |
| 🇳🇴 Norway | $189.3M | 3.9% |
| 🇩🇪 Germany | $175.4M | 3.6% |
| 🇷🇺 Russia | $172.6M | 3.6% |
| 🇨🇳 China | $151.6M | 3.2% |
Types of platinum under HS 7110
| 7110.19 | Metals: platinum, semi-manufactured | 26% |
| 7110.11 | Metals: platinum, unwrought or in powder form | 24% |
| 7110.21 | Metals: palladium, unwrought or in powder form | 20% |
| 7110.31 | Metals: rhodium, unwrought or in powder form | 14% |
| 7110.29 | Metals: palladium, semi-manufactured | 9% |
| 7110.41 | Metals: iridium, osmium, ruthenium, unwrought or in powder form | 3.7% |
| 7110.39 | Metals: rhodium, semi-manufactured | 2% |
| 7110.49 | Metals: iridium, osmium, ruthenium, semi-manufactured | 1.3% |
Codes and full descriptions: HS heading 7110.
Average import price of platinum
The average declared value was about $36,267.28 per kg, close to the world average of $31,665.54.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
The United Kingdom also exports platinum
In 2024, the United Kingdom exported platinum worth $4.25 billion (98 tonnes). It ranks 2nd of 98 countries for exports of this product. The largest buyer markets were North Macedonia (24%), United States (20%), China (10%). Among the main buyer markets, South Korea grew fastest (+108% on the year before).
| Destination | Value | Share |
|---|---|---|
| 🇲🇰 North Macedonia | $1.04B | 25% |
| 🇺🇸 United States | $844.5M | 20% |
| 🇨🇳 China | $407.2M | 9.6% |
| 🇩🇪 Germany | $405.2M | 9.5% |
| 🇭🇰 Hong Kong | $337.1M | 7.9% |
| 🇰🇷 South Korea | $267.5M | 6.3% |
| 🇯🇵 Japan | $247.9M | 5.8% |
| 🇵🇱 Poland | $157.5M | 3.7% |
| 🇮🇹 Italy | $96.8M | 2.3% |
| 🇮🇳 India | $86.7M | 2% |
Who is behind these numbers in the United Kingdom?
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.
Direct customs feed: shipment-level records from the official customs source.
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 the United Kingdom: questions
What is the value of platinum imported by the United Kingdom?
The United Kingdom imported platinum worth $4.81 billion in 2024 (133 tonnes).
Where does the United Kingdom import platinum from?
The main supplier countries in 2024 were South Africa (44%), Belgium (10%), Italy (8%).
What is the average import price of platinum in the United Kingdom?
The average declared import value was about $36,267.28 per kg in 2024, against a world average of $31,665.54 per kg.
Does the United Kingdom export platinum?
Yes. The United Kingdom exported platinum worth $4.25 billion in 2024, mainly to North Macedonia, United States, China.
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 the United Kingdom?
These public statistics stop at country level. EximDataX has a direct customs feed for the United Kingdom with shipment-level records, updated weekly, where you can see the importers and exporters by name.
Platinum trade in other countries
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