Heading · Chapter 71

7112

7112: Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious-metal compounds, of a kind used principally for the recovery of precious metal other than goods of heading 8549

4 subheadings make up heading 7112 in chapter 71 (natural or cultured pearls, precious or semi-precious stones, precious metals…).

Duty rates compared

Subheadings 4

EU: imports by month

last 12 months€10.2bn+67.1% · previous 12 months
Average import price€133.03 per kg
Jan 2024: €362.5mFeb 2024: €478.9mMar 2024: €404.6mApr 2024: €514.9mMay 2024: €398.6mJun 2024: €417.8mJul 2024: €401.4mAug 2024: €547.7mSept 2024: €436.4mOct 2024: €564.5mNov 2024: €466.7mDec 2024: €421.6mJan 2025: €453.5mFeb 2025: €403.9mMar 2025: €581.1mApr 2025: €589.1mMay 2025: €450.7mJun 2025: €585.1mJul 2025: €623.3mAug 2025: €546.1mSept 2025: €714.8mOct 2025: €744.8mNov 2025: €692.4mDec 2025: €768.6mJan 2026: €819.7mFeb 2026: €875.7mMar 2026: €1.2bnApr 2026: €1bnMay 2026: €966.3mJun 2026: €964.9mJul 2026: €815.2mAug 2026: €696.8m 202420252026
Data up to August 2026 (provisional) · Monthly data: Eurostat Comext (CC BY 4.0), HMRC (OGL v3.0)

World trade in 2024

7112 · US$33.2bn

Trade value (US$) no reported trade < US$7.3mUS$7.3m+US$59.6m+US$539.4m+> US$1.3bn

Exports: 168
  1. United States: US$6.8bn
  2. Indonesia: US$4.3bn
  3. United Kingdom: US$2bn
  4. Germany: US$1.8bn
  5. France: US$1.6bn
  6. Belgium: US$1.3bn
  7. Hong Kong SAR China: US$1.1bn
  8. Japan: US$996.2m
  9. Singapore: US$980.3m
  10. Spain: US$960m
  11. Switzerland: US$910.1m
  12. Canada: US$810.5m
  13. Philippines: US$768.4m
  14. Thailand: US$694m
  15. Netherlands: US$665.9m
  16. Australia: US$650m
  17. Czechia: US$539.4m
  18. Malaysia: US$395.2m
  19. Italy: US$391.8m
  20. Austria: US$385.5m
  21. Mexico: US$370.8m
  22. Poland: US$358.9m
  23. South Africa: US$333.6m
  24. South Korea: US$288.9m
  25. Sweden: US$278.2m
  26. Bulgaria: US$253.5m
  27. China: US$247m
  28. Taiwan: US$215.6m
  29. United Arab Emirates: US$193.1m
  30. Finland: US$158.1m
  31. Guyana: US$141.1m
  32. Saudi Arabia: US$138.5m
  33. India: US$130.9m
  34. Brazil: US$123.7m
  35. Lithuania: US$100.5m
  36. Tanzania: US$85.8m
  37. Hungary: US$83.9m
  38. Norway: US$83.3m
  39. Türkiye: US$81.1m
  40. Cambodia: US$75.1m
  41. Panama: US$64.4m
  42. Croatia: US$59.6m
  43. Denmark: US$57.2m
  44. Slovakia: US$54m
  45. Honduras: US$51m
  46. Dominican Republic: US$50.9m
  47. Estonia: US$46m
  48. Papua New Guinea: US$45.7m
  49. Ireland: US$40.7m
  50. Nigeria: US$38.8m
  51. Vietnam: US$38.7m
  52. Israel: US$37.5m
  53. Ecuador: US$36.8m
  54. Romania: US$33.6m
  55. Portugal: US$32.5m
  56. Ghana: US$32m
  57. Egypt: US$27.9m
  58. Ukraine: US$25.7m
  59. Jordan: US$24.7m
  60. Chile: US$23.7m

Top exporters

RankCountryValueShare
1 United States US$6.8bn 20.6%
2 Indonesia US$4.3bn 13%
3 United Kingdom US$2bn 5.9%
4 Germany US$1.8bn 5.6%
5 France US$1.6bn 4.9%
6 Belgium US$1.3bn 4%
7 Hong Kong SAR China US$1.1bn 3.3%
8 Japan US$996.2m 3%
9 Singapore US$980.3m 3%
10 Spain US$960m 2.9%

Top importers

RankCountryValueShare
1 Canada US$4.7bn 14.1%
2 Germany US$4bn 12%
3 Japan US$3.8bn 11.4%
4 Switzerland US$3.6bn 10.8%
5 Italy US$3.1bn 9.4%
6 United States US$2bn 5.9%
7 Belgium US$1.9bn 5.7%
8 Hong Kong SAR China US$1.8bn 5.3%
9 Spain US$1.7bn 5.1%
10 United Kingdom US$1.3bn 4%

In the UK Global Tariff, heading 7112 covers 4 tariff lines and the duty is duty-free.

The EU Combined Nomenclature divides heading 7112 into 4 tariff lines; the duty is duty-free.

In the Turkish Customs Tariff Schedule, heading 7112 covers 5 tariff lines and the duty is duty-free.

The Harmonized Tariff Schedule of the United States divides heading 7112 into 4 tariff lines; the duty is duty-free.

World trade in heading 7112 goods reached US$33.2bn in 2024, down 0.7% on 2023.

The United States was the largest exporter with 20.6% of the total, ahead of Indonesia.

Canada imported the most (US$4.7bn).

The United Kingdom ranked 3rd among 168 exporters with US$2bn.

The United Kingdom imported US$1.3bn.

Legal notes

Notes

Products classified here

Questions and answers

What is the HS code for waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious-metal compounds, of a kind used principally for the recovery of precious metal other than goods of heading 8549?

Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious-metal compounds, of a kind used principally for the recovery of precious metal other than goods of heading 8549 fall under HS heading 7112, part of chapter 71, in section XIV of the Harmonized System.

What is the import duty on waste and scrap of precious metal or of metal… in the UK?

Under the UK Global Tariff, imports under 7112 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 waste and scrap of precious metal or of metal… in the EU?

Under the EU Combined Nomenclature, imports under 7112 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 waste and scrap of precious metal or of metal…?

The United States, with US$6.8bn in 2024 (20.6% of world exports).