In 2023, South Africa led global platinum exports with 6.03 billion USD, followed by the UK and Russia with 4.18 and 2.4 billion USD, respectively. The United States, Germany, and Italy also had significant exports, while Switzerland, Hong Kong, Japan, and Belgium were smaller contributors. Over the last two years, South Africa experienced a steady increase in export value, while the UK and Russia saw moderate growth. The 5-year compound annual growth rate (CAGR) highlighted stability in South Africa's dominance and emerging significance of other key players.
Future trends to watch include:
- Potential impacts of geopolitical tensions on Russian exports.
- Technological advancements in platinum use, possibly influencing demand.
- Shifts in global environmental policies and their effects on platinum-dependent industries.
Top countries in Top Exporters of Platinum
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 South Africa | 6,030 | 2016 | |
| 2 | 2 United Kingdom | 4,180 | 2016 | |
| 3 | 3 Russia | 2,400 | 2016 | |
| 4 | 4 United States | 1,520 | 2016 | |
| 5 | 5 Germany | 1,440 | 2016 | |
| 6 | 6 Italy | 1,240 | 2016 | |
| 7 | 7 Switzerland | 953.56 | 2016 | |
| 8 | 8 Hong Kong | 911.65 | 2016 | |
| 9 | 9 Japan | 727.46 | 2016 | |
| 10 | 10 Belgium | 332.03 | 2016 |
