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Export News
04-03-2025
In 2023, the total value of platinum exports worldwide reached approximately $50.2 billion.
Over the past five years, from 2019 to 2023, the value of platinum exports increased by 23.1%, rising from $40.8 billion. However, on a year-over-year basis, global platinum exports declined by 30.9%, dropping from $72.7 billion in 2022.
The top five platinum-exporting nations were South Africa, Russia, the United Kingdom, the United States, and Germany. Collectively, these key suppliers accounted for 68.9% of the global platinum exports in 2023.
Breaking down platinum shipments by region, the European continent led the global market, exporting $25.8 billion worth of platinum—accounting for 51.4% of total exports.
Africa ranked second, contributing 21.6% of worldwide platinum exports.
Asia accounted for 13.9%, while North America supplied 12.8%.
Latin America (excluding Mexico but including the Caribbean) contributed 0.2%, while Oceania (mainly Australia and New Zealand) represented 0.1% of global platinum shipments.
For classification purposes, the Harmonized Tariff System (HS) code 7110 is used for unwrought or semi-manufactured platinum, which also covers palladium, rhodium, iridium, osmium, and ruthenium.
Top Platinum Exporting Countries in 2023
Below are the 15 leading platinum-exporting nations, ranked by the total value of platinum exported in 2023:
1.South Africa – $10.7 billion (21.4% of global exports)
2.Russia – $6.8 billion (13.6%)
3.United Kingdom – $6.4 billion (12.8%)
4.United States – $6.2 billion (12.3%)
5.Germany – $4.4 billion (8.8%)
6.Hong Kong – $4 billion (8%)
7.Italy – $3.1 billion (6.1%)
8.Belgium – $3 billion (6%)
9.Japan – $1.4 billion (2.8%)
10.Switzerland – $1.1 billion (2.2%)
11.South Korea – $596.7 million (1.2%)
12.Norway – $355.2 million (0.7%)
13.Taiwan – $307.4 million (0.6%)
14.Canada – $297.7 million (0.6%)
15.Singapore – $209.6 million (0.4%)
These 15 countries together accounted for 97.5% of all platinum exported globally in 2023.
Among the leading exporters, Hong Kong was the only country to see an increase in platinum exports, recording a 31.6% growth since 2022.
Conversely, several key exporters saw significant declines in their platinum trade:
· Switzerland (-42.8%)
· Singapore (-41.3%)
· Belgium (-41.2%)
· United States (-38.7%)
· Taiwan (-37.5%)
Leading Platinum Exporting Companies in 2024
According to Tendata's global trade database, the following key players dominate the international platinum export market:
1.AURUM PRECIOUS COMPANY LIMITED – 24.6% share ($2,055.16 million)
2.SOCIETE DES MINES D’ITY – 9.6% share ($801.74 million)
3.PERSEUS MINING YAOURE – 6.61% share ($552.01 million)
4.OROFINO INVESTMENTS LIMITED – 4.98% share ($416.07 million)
5.SOCIETE DES MINES DE TONGON – 4.82% share ($402.36 million)
6.SOCIETE MINIERE DE LA LOBO – 3.71% share ($310.31 million)
7.ROXGOLD SANGO – 3.68% share ($307.63 million)
8.SIMBA GOLD REFINERY LIMITED – 3.63% share ($303.24 million)
9.METAL TESTING AND SMELTING CO LTD – 3.43% share ($286.19 million)
10.AURNISH TRADING LTD – 3.27% share ($272.74 million)
These established platinum miners and refiners play a significant role in the global platinum supply chain, ensuring a steady flow of exports to key markets worldwide.
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