The value of overall platinum exports declined by an average -31.6% for all exporting countries from 5 years earlier in 2020 when platinum shipments were valued at $63.6 billion.
Year over year, the value of globally exported platinum shrank by -13.5% compared to $50.3 billion starting from 2023.
The 5 biggest exporters of platinum are the South Africa, United Kingdom, United States of America, Russia and Hong Kong. Collectively, that leading group of top platinum sellers on international markets generated nearly two-thirds (64.4%) of the world’s platinum exported during 2024.
Among continents, suppliers in European countries sold the highest dollar worth of exported platinum during 2024 with shipments valued at $19 billion or 43.8% of the global total. In second place were fast-growing exporters located in Africa at 23.3% while 20.4% of worldwide platinum shipments originated from Asia. Another 12.2% worth came from sellers in North America.
Tinier percentages arrived from suppliers in Latin America (0.2%) excluding Mexico but including the Caribbean, and Oceania’s Australia and New Zealand (0.1%).
For research purposes, the 4-digit Harmonized Tariff System code prefix for unwrought or semi-manufactured platinum is 7110. Also included in that code prefix 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 2024.
- South Africa: US$10 billion (22.9% of total platinum exports)
- United Kingdom: $5.6 billion (12.8%)
- United States: $5.1 billion (11.7%)
- Russia: $4 billion (9.1%)
- Hong Kong: $3.4 billion (7.9%)
- Germany: $3.2 billion (7.4%)
- Italy: $2.4 billion (5.4%)
- Belgium: $1.8 billion (4.2%)
- United Arab Emirates: $1.8 billion (4.1%)
- Switzerland: $1.29 billion (3%)
- Japan: $1.26 billion (2.9%)
- Thailand: $511.5 million (1.2%)
- Armenia: $439.6 million (1%)
- Taiwan: $423.7 million (1%)
- South Korea: $378.7 million (0.9%)
By value, the listed 15 countries shipped 95.4% of globally exported platinum in 2024.
Among the top exporters, the fastest-growing exporters of platinum since 2023 were: Thailand (up 4,439%), United Arab Emirates (up 1,371%), Armenia (up 128.9%) and Taiwan (up 37.8%).
Those countries that posted declines in their international sales of platinum were led by: Russia (down -41.9% from 2023), Belgium (down -38.6%), South Korea (down -36.5%), Germany (down -27.1%) and Italy (down -23.2%).
Searchable List of Platinum Exporting Countries in 2024
The 78 export countries in the following automated database showcases 100% of the value of platinum exported in 2024.
| Rank | Exporter | Platinum Exports | 2023-4 |
|---|---|---|---|
| 1. | South Africa | $9,964,673,000 | -7.1% |
| 2. | United Kingdom | $5,574,273,000 | -13.2% |
| 3. | United States | $5,073,905,000 | -17.6% |
| 4. | Russia | $3,971,391,000 | -41.9% |
| 5. | Hong Kong | $3,425,264,000 | -15.1% |
| 6. | Germany | $3,220,639,000 | -27.1% |
| 7. | Italy | $2,358,308,000 | -23.2% |
| 8. | Belgium | $1,834,142,000 | -38.6% |
| 9. | United Arab Emirates | $1,793,615,000 | +1371% |
| 10. | Switzerland | $1,288,463,000 | +14.6% |
| 11. | Japan | $1,261,998,000 | -11.3% |
| 12. | Thailand | $511,498,000 | +4439% |
| 13. | Armenia | $439,584,000 | +128.9% |
| 14. | Taiwan | $423,697,000 | +37.8% |
| 15. | South Korea | $378,690,000 | -36.5% |
| 16. | mainland China | $282,943,000 | +241% |
| 17. | Singapore | $269,412,000 | +28.5% |
| 18. | Norway | $256,392,000 | -27.8% |
| 19. | Canada | $244,904,000 | -17.7% |
| 20. | France | $177,705,000 | +0.9% |
| 21. | Austria | $174,662,000 | -14.7% |
| 22. | Zimbabwe | $103,227,000 | -14.8% |
| 23. | Spain | $70,351,000 | -7.3% |
| 24. | India | $67,876,000 | +192.7% |
| 25. | Tanzania | $63,159,000 | 0% |
| 26. | Costa Rica | $58,843,000 | -25.4% |
| 27. | Australia | $33,863,000 | +33% |
| 28. | Colombia | $28,110,000 | +8.1% |
| 29. | Netherlands | $26,750,000 | -40.3% |
| 30. | Ireland | $25,933,000 | +19.9% |
| 31. | Czech Republic | $22,868,000 | -35.4% |
| 32. | Poland | $16,436,000 | +83.8% |
| 33. | Sweden | $10,209,000 | +161.8% |
| 34. | Türkiye | $8,641,000 | -57.6% |
| 35. | Trinidad/Tobago | $5,436,000 | 0% |
| 36. | Uzbekistan | $3,539,000 | -1.7% |
| 37. | Bosnia/Herzegovina | $3,506,000 | +137.4% |
| 38. | Chile | $2,981,000 | -55.7% |
| 39. | Serbia | $2,886,000 | +236.4% |
| 40. | Finland | $2,543,000 | -74.2% |
| 41. | Indonesia | $2,274,000 | 0% |
| 42. | Lebanon | $2,157,000 | +43040% |
| 43. | Malaysia | $2,107,000 | +89.5% |
| 44. | Ukraine | $2,002,000 | 0% |
| 45. | New Zealand | $1,820,000 | -55.5% |
| 46. | Romania | $1,644,000 | 0% |
| 47. | Hungary | $1,389,000 | +35.2% |
| 48. | Vietnam | $1,098,000 | +1345% |
| 49. | Greece | $811,000 | -65.2% |
| 50. | Israel | $757,000 | +24.5% |
| 51. | Denmark | $703,000 | +15.1% |
| 52. | Egypt | $637,000 | +60.1% |
| 53. | Rwanda | $632,000 | 0% |
| 54. | Portugal | $624,000 | -35.7% |
| 55. | Estonia | $382,000 | -32.3% |
| 56. | Slovenia | $380,000 | +171.4% |
| 57. | Latvia | $347,000 | 0% |
| 58. | Brazil | $325,000 | -21.1% |
| 59. | Bahrain | $291,000 | -36.9% |
| 60. | Congo | $194,000 | 0% |
| 61. | Mexico | $178,000 | -95.8% |
| 62. | Luxembourg | $158,000 | -65.7% |
| 63. | Croatia | $144,000 | +7100% |
| 64. | Afghanistan | $138,000 | 0% |
| 65. | Bulgaria | $105,000 | +12.9% |
| 66. | Slovakia | $100,000 | -74.4% |
| 67. | Philippines | $60,000 | -22.1% |
| 68. | Lithuania | $53,000 | 0% |
| 69. | Kuwait | $46,000 | -95.5% |
| 70. | Nicaragua | $31,000 | 0% |
| 71. | Sri Lanka | $29,000 | 0% |
| 72. | Dominican Republic | $29,000 | -96.1% |
| 73. | Venezuela | $14,000 | +180% |
| 74. | Saudi Arabia | $13,000 | 0% |
| 75. | Panama | $9,000 | +800% |
| 76. | Kazakhstan | $7,000 | 0% |
| 77. | Eswatini | $4,000 | 0% |
| 78. | Tunisia | $1,000 | 0% |
Expanding our scope to include all platinum exporters, the fastest growers were Lebanon (up 43,040% from 2023), Croatia (up 7,100%), Thailand (up 4,439%), United Arab Emirates (up 1,371%) then Vietnam (up 1,345%).
You can change the presentation order by clicking the triangle icon at the top of the columns. An entry of 0% in the right-most column means that 2023 data was unavailable.
Countries Generating Best Surpluses Trading Platinum
The following countries posted the highest positive net exports for platinum during 2024. 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.
- South Africa: US$9.9 billion (net export surplus down -6.5% since 2023)
- Russia: $4 billion (down -41.6%)
- United Arab Emirates: $1.7 billion (up 4,704%)
- Belgium: $1.1 billion (down -47.3%)
- United Kingdom: $1 billion (down -14.8%)
- Thailand: $425.9 million (reversing a -$63 million deficit)
- Italy: $330.7 million (up 31.4%)
- Norway: $226.4 million (down -32.5%)
- Taiwan: $173.2 million (up 16.1%)
- Zimbabwe: $103.2 million (down -14.8%)
- Tanzania: $63.1 million (reversing a -$15,000 deficit)
- Costa Rica: $51.2 million (down -31.6%)
- Austria: $39.2 million (up 4.8%)
- Singapore: $31.5 million (reversing a -$23.8 million deficit)
- Colombia: $28 million (up 8.6%)
World-leading platinum exporter South Africa generated 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.
Countries Causing Worst Deficits Trading Platinum
The following countries posted the highest negative net exports for platinum during 2024. 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.
- mainland China: -US$5.3 billion (net export deficit down -16.5% since 2023)
- Japan: -$3.2 billion (down -24.2%)
- India: -$2.6 billion (up 856.9%)
- United States: -$1.9 billion (down -21.9%)
- Germany: -$1.1 billion (up 717.1%)
- North Macedonia: -$1 billion (down -13.3%)
- Switzerland: -$898.8 million (down -4.9%)
- Hong Kong: -$894.5 million (up 85.9%)
- South Korea: -$804.1 million (down -21.7%)
- Canada: -$534 million (down -37.1%)
- Brazil: -$514.1 million (up 6%)
- Poland: -$400.7 million (down -52.6%)
- Ireland: -$131.4 million (down -73.3%)
- Argentina: -$63.6 million (down -18.2%)
- France: -$56.2 million (down -28.4%)
Two Asian competitors, mainland China and Japan, incurred the highest deficits in the international trade of platinum. In turn, their negative cashflows highlight both countries’ competitive disadvantages for this specific product category but also signals opportunities for platinum-supplying countries that help satisfy the powerful 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)
See also Gold Exports by Country, Silver Exports by Country, Palladium Exports by Country and Jewelry Exports by Country
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on December 14, 2025
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on December 14, 2025
International Trade Centre, Trade Map. Accessed on December 14, 2025
Investopedia, Net Exports Definition. Accessed on December 14, 2025
Wikipedia, Category:Platinum mining companies. Accessed on December 14, 2025