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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