Heading · Section XIV

7106: Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form

7106
  • FreeUK
  • FreeEU
  • 5%Türkiye
  • 0%–3%USA
  • US$33.5bnWorld trade in 2024

Heading 7106 is divided into 3 six-digit subheadings and sits in chapter 71, natural or cultured pearls, precious or semi-precious stones, precious metals….

The UK Global Tariff divides heading 7106 into 3 tariff lines; the duty is duty-free.

In the EU Combined Nomenclature, heading 7106 covers 3 tariff lines and the duty is duty-free.

The Turkish Customs Tariff Schedule divides heading 7106 into 3 tariff lines; the statutory rate is 5%.

In the Harmonized Tariff Schedule of the United States, heading 7106 covers 5 tariff lines and the duty is between 0% and 3%. 3 of them are duty-free.

In 2024, countries exported heading 7106 goods worth US$33.5bn (+11.3% year on year).

The largest exporter was China (US$5.2bn), followed by the United Kingdom.

The biggest buyer was the United States, with imports of US$5.8bn.

The United Kingdom ranked 2nd among 130 exporters with US$3.4bn.

The United Kingdom imported US$4.2bn.

Duty rates compared

UK Free Third-country duty 3 tariff lines EU Free Third-country duty 3 tariff lines Türkiye 5% Statutory rate (Law 474) 3 tariff lines USA Free – 3% General (MFN) 5 tariff lines · average 1.2%

The Turkish schedule prints the statutory rate set under Customs Law 474. The rate applied at import is laid down in the Import Regime Decision and can be lower, or different by country of origin.

Subheadings 3

World trade in 2024

7106 · US$33.5bn

Trade value (US$) no reported trade < US$3.7mUS$3.7m+US$140m+US$758.8m+> US$2.1bn

Exports: 130
  1. China: US$5.2bn
  2. United Kingdom: US$3.4bn
  3. Mexico: US$3.1bn
  4. United Arab Emirates: US$2.1bn
  5. South Korea: US$2.1bn
  6. Germany: US$2.1bn
  7. Switzerland: US$1.9bn
  8. Japan: US$1.5bn
  9. United States: US$1.4bn
  10. Poland: US$1.3bn
  11. Canada: US$1.2bn
  12. Kazakhstan: US$770.2m
  13. Hong Kong SAR China: US$758.8m
  14. Russia: US$587.9m
  15. Italy: US$584.2m
  16. Armenia: US$553.1m
  17. Belgium: US$490.3m
  18. Taiwan: US$404.2m
  19. Chile: US$398.5m
  20. Peru: US$382.6m
  21. Sweden: US$330.1m
  22. Spain: US$265.7m
  23. Australia: US$241.1m
  24. Bolivia: US$227.6m
  25. India: US$221.7m
  26. Argentina: US$182.2m
  27. France: US$174.6m
  28. Austria: US$164.3m
  29. Uzbekistan: US$163.4m
  30. Türkiye: US$149.3m
  31. Morocco: US$140m
  32. Indonesia: US$113.1m
  33. Papua New Guinea: US$98.2m
  34. Finland: US$95.3m
  35. South Africa: US$73.1m
  36. Kyrgyzstan: US$58m
  37. Bulgaria: US$55.3m
  38. Czechia: US$53.7m
  39. Singapore: US$51.3m
  40. Netherlands: US$49.9m
  41. Thailand: US$49m
  42. Romania: US$41m
  43. Nicaragua: US$35.5m
  44. Hungary: US$31m
  45. Serbia: US$30.2m
  46. Philippines: US$30.1m
  47. Norway: US$21.3m
  48. Colombia: US$16.9m
  49. Portugal: US$14.2m
  50. Malaysia: US$12.9m
  51. Saudi Arabia: US$9.1m
  52. Brazil: US$8.9m
  53. Denmark: US$7.9m
  54. Israel: US$7.4m
  55. Slovakia: US$7.3m
  56. Greece: US$6.3m
  57. Burkina Faso: US$5.8m
  58. New Zealand: US$5.5m
  59. Tajikistan: US$5.2m
  60. Panama: US$3.8m

Top exporters

RankCountryValueShare
1 China US$5.2bn 15.6%
2 United Kingdom US$3.4bn 10.2%
3 Mexico US$3.1bn 9.2%
4 United Arab Emirates US$2.1bn 6.3%
5 South Korea US$2.1bn 6.2%
6 Germany US$2.1bn 6.1%
7 Switzerland US$1.9bn 5.7%
8 Japan US$1.5bn 4.4%
9 United States US$1.4bn 4.1%
10 Poland US$1.3bn 3.8%

Top importers

RankCountryValueShare
1 United States US$5.8bn 17.2%
2 India US$5.6bn 16.8%
3 United Kingdom US$4.2bn 12.6%
4 Hong Kong SAR China US$4.1bn 12.2%
5 Canada US$1.5bn 4.5%
6 Japan US$1.4bn 4.2%
7 China US$1.3bn 3.9%
8 Switzerland US$1.2bn 3.7%
9 United Arab Emirates US$1.1bn 3.4%
10 Germany US$1.1bn 3.2%

Legal notes

Subheading notes

1. For the purposes of subheadings 710610, 710811, 711011, 711021, 711031 and 711041, the expressions ‘powder’ and ‘in powder form’ mean products of which 90 % or more by weight passes through a sieve having a mesh aperture of 0,5 mm.

2. Notwithstanding the provisions of chapter note 4(B), for the purposes of subheadings 711011 and 711019, the expression ‘platinum’ does not include iridium, osmium, palladium, rhodium or ruthenium.

3. For the classification of alloys in the subheadings of heading 7110, each alloy is to be classified with that metal, platinum, palladium, rhodium, iridium, osmium or ruthenium which predominates by weight over each other of these metals.

Products classified here

Questions and answers

What is the HS code for silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form?

Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form fall under HS heading 7106, part of chapter 71, in section XIV of the Harmonized System.

What is the import duty on silver (including silver plated with gold or… in the UK?

Under the UK Global Tariff, imports under 7106 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.

What is the import duty on silver (including silver plated with gold or… in the EU?

Under the EU Combined Nomenclature, imports under 7106 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.

Which country exports the most silver (including silver plated with gold or…?

China, with US$5.2bn in 2024 (15.6% of world exports).