Subheading · Section XIV

7108.12: Gold (including gold plated with platinum), unwrought or in: non-monetary, other unwrought forms

7108.12

Official description Other unwrought forms

  • FreeUK
  • FreeEU
  • FreeTürkiye
  • 0%–4.1%USA
  • US$462.3bnWorld trade in 2024

7108.12 is a six-digit subheading of heading 7108, gold (including gold plated with platinum), unwrought or in semi-manufactured…, chapter 71.

Subheading 7108.12 is a single line in the UK Global Tariff, where the duty is duty-free.

The EU Combined Nomenclature has one tariff line for subheading 7108.12; the duty is duty-free.

In the Turkish Customs Tariff Schedule, subheading 7108.12 covers 2 tariff lines and the statutory rate is duty-free.

The Harmonized Tariff Schedule of the United States divides subheading 7108.12 into 2 tariff lines; the duty is between 0% and 4.1% (average 2%). 1 of them is duty-free.

World trade in these goods reached US$462.3bn in 2024, up 4.3% on 2023.

Switzerland was the largest exporter with 21.1% of the total, ahead of the United Arab Emirates.

Switzerland imported the most (US$104bn).

The United Kingdom ranked 20th among 145 exporters with US$4.6bn; its largest buyer was Switzerland.

The United Kingdom imported US$30.4bn, most of it from Canada.

Duty rates compared

UK Free Third-country duty 1 tariff line EU Free Third-country duty 1 tariff line Türkiye Free Statutory rate (Law 474) 2 tariff lines USA Free – 4.1% General (MFN) 2 tariff lines · average 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.

UK Global Tariff

UK lines →
  1. 7108 12 00 00 Other unwrought forms Freeg

EU Combined Nomenclature

EU lines →
  1. 7108 12 00 Other unwrought forms Freeg

Turkish Customs Tariff Schedule

Türkiye lines →

This line has no official text in this language; it is shown in the language of its tariff.

  1. 7108.12 Diğer işlenmemiş şekillerde olanlar
  2. 7108.12.00.00.12 Standart dışı işlenmemiş altın FreeGram
  3. 7108.12.00.00.13 Standart işlenmemiş altın FreeGram

Harmonized Tariff Schedule of the United States

USA lines →
  1. 7108.12 Other unwrought forms:
  2. 7108.12.10 Bullion and dore Free
  3. Bullion:
  4. 7108.12.10.13 Containing by weight not less than 99.95 percent of gold Au g
  5. 7108.12.10.17 Other Au g
  6. 7108.12.10.20 Dore Au g
  7. 7108.12.50 Other 4.1%
  8. 7108.12.50.10 Containing by weight not less than 99.95 percent of gold Au g
  9. 7108.12.50.50 Other Au g

Special: reduced rates under trade agreements and preference programmes; the letters in brackets name the programmes (for example AU = Australia FTA, KR = Korea FTA).

World trade in 2024

7108.12 · US$462.3bn

Trade value (US$) no reported trade < US$192mUS$192m+US$1.5bn+US$6bn+> US$21.5bn

Exports: 145
  1. Switzerland: US$97.4bn
  2. United Arab Emirates: US$56.3bn
  3. Canada: US$32.4bn
  4. Hong Kong SAR China: US$29.7bn
  5. South Africa: US$21.5bn
  6. United States: US$20.7bn
  7. Australia: US$17.7bn
  8. Japan: US$16.3bn
  9. Peru: US$12.8bn
  10. China: US$12.2bn
  11. Russia: US$12.1bn
  12. Germany: US$11.9bn
  13. Thailand: US$7.9bn
  14. Uzbekistan: US$6.2bn
  15. Singapore: US$6bn
  16. Ghana: US$5.9bn
  17. Kyrgyzstan: US$5.8bn
  18. Armenia: US$5.6bn
  19. Mexico: US$5.1bn
  20. United Kingdom: US$4.6bn
  21. Tanzania: US$4.3bn
  22. Italy: US$3.9bn
  23. Türkiye: US$3.8bn
  24. Burkina Faso: US$3.6bn
  25. Colombia: US$3.6bn
  26. Egypt: US$3.4bn
  27. Kazakhstan: US$3.2bn
  28. Argentina: US$3.1bn
  29. Brazil: US$3.1bn
  30. Côte d’Ivoire: US$2.7bn
  31. France: US$2.7bn
  32. Papua New Guinea: US$2.5bn
  33. Philippines: US$2.3bn
  34. Saudi Arabia: US$1.9bn
  35. Spain: US$1.7bn
  36. Dominican Republic: US$1.5bn
  37. Mauritania: US$1.5bn
  38. Nicaragua: US$1.4bn
  39. Suriname: US$1.3bn
  40. Chile: US$1.3bn
  41. Finland: US$1.2bn
  42. Austria: US$1.1bn
  43. Indonesia: US$1.1bn
  44. Belgium: US$1.1bn
  45. Ecuador: US$1.1bn
  46. Liberia: US$894.3m
  47. Sweden: US$892.9m
  48. Mongolia: US$849.2m
  49. Uganda: US$835.2m
  50. Senegal: US$811m
  51. Bolivia: US$758.8m
  52. South Korea: US$733.4m
  53. Laos: US$725.1m
  54. Taiwan: US$713m
  55. Mali: US$703.9m
  56. Malaysia: US$647.8m
  57. Cambodia: US$617.9m
  58. New Zealand: US$540.4m
  59. Netherlands: US$507.7m
  60. India: US$466.9m

Top exporters

RankCountryValueShare
1 Switzerland US$97.4bn 21.1%
2 United Arab Emirates US$56.3bn 12.2%
3 Canada US$32.4bn 7%
4 Hong Kong SAR China US$29.7bn 6.4%
5 South Africa US$21.5bn 4.6%
6 United States US$20.7bn 4.5%
7 Australia US$17.7bn 3.8%
8 Japan US$16.3bn 3.5%
9 Peru US$12.8bn 2.8%
10 China US$12.2bn 2.6%

Top importers

RankCountryValueShare
1 Switzerland US$104bn 22.5%
2 Hong Kong SAR China US$59.1bn 12.8%
3 China US$58.8bn 12.7%
4 India US$57.1bn 12.4%
5 United Kingdom US$30.4bn 6.6%
6 United States US$21bn 4.5%
7 United Arab Emirates US$20.4bn 4.4%
8 Türkiye US$14.2bn 3.1%
9 Thailand US$13.8bn 3%
10 Canada US$9.2bn 2%

Questions and answers

What is the HS code for gold (including gold plated with platinum), unwrought or in: non-monetary, other unwrought forms?

Gold (including gold plated with platinum), unwrought or in: non-monetary, other unwrought forms fall under HS subheading 7108.12, part of heading 7108, in section XIV of the Harmonized System.

What is the import duty on gold (including gold plated with platinum)… in the UK?

Under the UK Global Tariff, imports under 7108.12 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 gold (including gold plated with platinum)… in the EU?

Under the EU Combined Nomenclature, imports under 7108.12 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 gold (including gold plated with platinum)…?

Switzerland, with US$97.4bn in 2024 (21.1% of world exports).