Platinum Exports by Country

platinum ring

Platinum ring

Global sales from platinum exports by country amounted to US$21.3 billion in 2016.

Overall, the value of platinum exports fell by an average -27.4% for all exporting countries since 2012 when platinum shipments were valued at $29.3 billion. Year over year, the value of global platinum exports dipped by a modest -1.3% from 2015 to 2016.

Among continents, European countries accounted for the highest dollar worth of exported platinum during 2016 with shipments valued at $11.4 billion or 53.4% of the global total. In second place were African exporters at 28.5% while 10% of worldwide platinum shipments originated from Asia with 7.9% coming from North America.

The 4-digit Harmonized Tariff System code prefix for unwrought or semi-manufactured platinum is 7110. Also included in that code are palladium, rhodium, iridium, osmium and ruthenium.

Platinum Exports by Country


Below are the 15 countries that exported the highest dollar value worth of platinum during 2016:

  1. South Africa: US$6 billion (28.3% of total platinum exports)
  2. United Kingdom: $4.3 billion (20.1%)
  3. Russia: $2.4 billion (11.3%)
  4. United States: $1.5 billion (7.1%)
  5. Germany: $1.4 billion (6.8%)
  6. Italy: $1.2 billion (5.8%)
  7. Switzerland: $953.6 million (4.5%)
  8. Hong Kong: $911.7 million (4.3%)
  9. Japan: $727.5 million (3.4%)
  10. Belgium: $332 million (1.6%)
  11. Norway: $233.7 million (1.1%)
  12. Taiwan: $163.8 million (0.8%)
  13. Canada: $160.8 million (0.8%)
  14. Singapore: $124.2 million (0.6%)
  15. South Korea: $123.8 million (0.6%)

The listed 15 countries shipped 96.8% of global platinum exports in 2016 by value.

Four of the above countries saw an uptick in the value of their platinum exports since 2012: Italy (up 63.6%), Russia (up 42.6%), Singapore (up 32.1%) and Hong Kong (up 22.7%).

Those countries that posted declines in their exported platinum sales were led by: Switzerland (down -78%), Belgium (down -70.2%), Taiwan (down -46.3%), Germany (down -44.4%) and Japan (down -41.7%).


The following countries posted the highest positive net exports for platinum during 2016. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported platinum and its import purchases for that same commodity.

  1. South Africa: US$6 billion (net export surplus down -23.8% since 2012)
  2. Russia: $2.4 billion (up 42.5%)
  3. United Kingdom: $2 billion (up 280.4%)
  4. Belgium: $301.7 million (down -69.9%)
  5. Norway: $219.3 million (down -40.7%)
  6. Switzerland: $127.1 million (down -92.6%)
  7. Finland: $52.2 million (up 167.6%)
  8. Spain: $51.1 million (reversing a $7.9 million deficit)
  9. Zimbabwe: $50.8 million (down -64.9%)
  10. Czech Republic: $42.7 million (down -59.3%)
  11. Colombia: $30.2 million (down -53.3%)
  12. Taiwan: $10.9 million (down -85.8%)
  13. Turkey: $5.9 million (up 1.4%)
  14. Netherlands: $4.5 million (reversing a $38.2 million deficit)
  15. Hungary: $1.8 million (up 61.9%)

South Africa has the highest surplus in the international trade of platinum. In turn, this positive cashflow confirms South Africa’s strong competitive advantage for this specific product category.


The following countries posted the highest negative net exports for platinum during 2016. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported platinum purchases and its exports for that same commodity.

  1. China: -US$2.6 billion (net export deficit down -40.6% since 2012)
  2. Japan: -$2.1 billion (down -23.4%)
  3. United States: -$1.7 billion (down -22.6%)
  4. Hong Kong: -$1.6 billion (down -6%)
  5. Germany: -$1.4 billion (up 276.8%)
  6. Macedonia: -$830.9 million (up 104.3%)
  7. South Korea: -$268.4 million (down -49.7%)
  8. Ireland: -$184.8 million (up 100.3%)
  9. India: -$178.9 million (down -22.2%)
  10. Brazil: -$149.7 million (down -49.5%)
  11. Singapore: -$143.7 million (up 18.1%)
  12. Malaysia: -$112 million (up 3%)
  13. Canada: -$104.7 million (up 25.1%)
  14. Poland: -$51 million (up 2478.8%)
  15. Argentina: -$45.4 million (up 7.7%)

China incurred the highest deficit in the international trade of platinum. In turn, this negative cashflow highlights China’s strong competitive disadvantage for this specific product category but also signals opportunities for platinum-supplying countries that help satisfy the powerful worldwide demand.


Platinum Exporting Companies

Below are global platinum miners that represent established players engaged in the international platinum trade. The home country for each platinum producer is shown within parenthesis.

  • Anglo American Platinum Limited (South Africa)
  • Aquarius Platinum (Bermuda)
  • ARM African Rainbow Minerals (South Africa)
  • Impala Platinum (South Africa)
  • Lonmin plc (United Kingdom)
  • Nornickel (Russia)
  • North American Palladium (Canada)
  • Northam Platinum (South Africa)
  • Stillwater Mining Company (United States)
  • Wesizwe Platinum (South Africa)

Searchable List of Platinum Exporting Countries

You can change the presentation order by clicking the triangle icon at the top of the columns.

RankExporter2016 Platinum Exports% World Total
1.South AfricaUS$6 billion28.3%
2.United Kingdom$4.3 billion20.1%
3.Russia$2.4 billion11.3%
4.United States$1.5 billion7.1%
5.Germany$1.4 billion6.8%
6.Italy$1.2 billion5.8%
7.Switzerland$953.6 million4.5%
8.Hong Kong$911.7 million4.3%
9.Japan$727.5 million3.4%
10.Belgium$332 million1.6%
11.Norway$233.7 million1.1%
12.Taiwan$163.8 million0.8%
13.Canada$160.8 million0.8%
14.Singapore$124.2 million0.6%
15.South Korea$123.8 million0.6%
16.Austria$95.7 million0.4%
17.Spain$95 million0.4%
18.France$94.9 million0.4%
19.Czech Republic$76.5 million0.4%
20.Finland$55.3 million0.3%
21.Zimbabwe$50.8 million0.2%
22.China$36.7 million0.2%
23.Colombia$30.2 million0.1%
24.Portugal$24.5 million0.1%
25.Poland$23.5 million0.1%
26.Slovakia$17.2 million0.1%
27.Netherlands$14.5 million0.1%
28.United Arab Emirates$11.9 million0.1%
29.Turkey$9.6 million0.04%
30.Brazil$6.6 million0.03%
31.Estonia$2.8 million0.01%
32.Thailand$2.7 million0.01%
33.Viet Nam$2.3 million0.01%
34.Mexico$2.2 million0.01%
35.Hungary$2.2 million0.01%
36.Malaysia$2 million0.01%
37.India$1.9 million0.01%
38.Costa Rica$1.8 million0.01%
39.Sweden$1.5 million0.01%
40.Australia$1.5 million0.01%
41.Denmark$1.5 million0.01%
42.Ukraine$1.4 million0.01%
43.Uzbekistan$1.3 million0.01%
44.New Zealand$1.3 million0.01%
45.Serbia$1 million0.005%
51.North Korea$336,0000.002%
67.Dominican Republic$23,0000.0001%
71.Sri Lanka$16,0000.0001%

See also Gold Exports by Country, Silver Exports by Country and Palladium Exports by Country

Research Sources:
The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on July 6, 2017

Trade Map, International Trade Centre. Accessed on July 6, 2017

Investopedia, Net Exports Definition. Accessed on July 6, 2017

Wikipedia, Category:Platinum mining companies. Accessed on July 6, 2017