Heading · Chapter 71

7114

7114: Articles of goldsmiths' or silversmiths' wares and parts thereof, of precious metal or of metal clad with precious metal

3 subheadings make up heading 7114 in chapter 71 (natural or cultured pearls, precious or semi-precious stones, precious metals…).

Duty rates compared

Subheadings 3

EU: imports by month

last 12 months€57.2m+39.1% · previous 12 months
Average import price€407.72 per kg
Jan 2024: €2.4mFeb 2024: €2.5mMar 2024: €3.2mApr 2024: €3.1mMay 2024: €4.6mJun 2024: €4.3mJul 2024: €3.5mAug 2024: €3.8mSept 2024: €4.1mOct 2024: €3.3mNov 2024: €3.9mDec 2024: €3.5mJan 2025: €3.3mFeb 2025: €2.8mMar 2025: €3.3mApr 2025: €3.8mMay 2025: €3.5mJun 2025: €3.9mJul 2025: €3.6mAug 2025: €2.4mSept 2025: €3.6mOct 2025: €4.9mNov 2025: €3.8mDec 2025: €3.5mJan 2026: €5.4mFeb 2026: €6.8mMar 2026: €6mApr 2026: €4.8mMay 2026: €6.8mJun 2026: €4.2mJul 2026: €3.6mAug 2026: €3.7m 202420252026
Data up to August 2026 (provisional) · Monthly data: Eurostat Comext (CC BY 4.0), HMRC (OGL v3.0)

World trade in 2024

7114 · US$2.1bn

Trade value (US$) no reported trade < US$186kUS$186k+US$5m+US$31m+> US$77m

Exports: 127
  1. South Korea: US$637m
  2. Italy: US$397m
  3. China: US$367m
  4. Türkiye: US$77m
  5. Germany: US$65m
  6. Malaysia: US$53m
  7. Japan: US$50m
  8. New Zealand: US$46m
  9. United Kingdom: US$45m
  10. Hong Kong SAR China: US$36m
  11. France: US$35m
  12. Switzerland: US$31m
  13. Slovakia: US$25m
  14. Netherlands: US$23m
  15. Taiwan: US$20m
  16. India: US$20m
  17. Estonia: US$18m
  18. United States: US$17m
  19. United Arab Emirates: US$15m
  20. Sweden: US$14m
  21. Israel: US$14m
  22. Australia: US$12m
  23. Bulgaria: US$11m
  24. Portugal: US$10m
  25. Indonesia: US$9m
  26. Austria: US$8m
  27. Thailand: US$7m
  28. Poland: US$6m
  29. Belgium: US$6m
  30. Singapore: US$5m
  31. Malta: US$5m
  32. Canada: US$4m
  33. Spain: US$4m
  34. Norway: US$3m
  35. Denmark: US$3m
  36. Ireland: US$3m
  37. Saudi Arabia: US$3m
  38. Albania: US$2m
  39. Greece: US$2m
  40. Croatia: US$2m
  41. Czechia: US$2m
  42. Brazil: US$2m
  43. South Africa: US$2m
  44. Macao SAR China: US$934k
  45. Jordan: US$836k
  46. Romania: US$693k
  47. Lebanon: US$628k
  48. Egypt: US$592k
  49. Mexico: US$534k
  50. Hungary: US$500k
  51. Finland: US$497k
  52. Mauritius: US$428k
  53. Slovenia: US$420k
  54. Luxembourg: US$367k
  55. Qatar: US$291k
  56. Tunisia: US$199k
  57. Vietnam: US$193k
  58. Sri Lanka: US$190k
  59. Russia: US$186k
  60. Latvia: US$176k

Top exporters

RankCountryValueShare
1 South Korea US$637m 30%
2 Italy US$397m 18.7%
3 China US$367m 17.3%
4 Türkiye US$77m 3.6%
5 Germany US$65m 3.1%
6 Malaysia US$53m 2.5%
7 Japan US$50m 2.4%
8 New Zealand US$46m 2.2%
9 United Kingdom US$45m 2.1%
10 Hong Kong SAR China US$36m 1.7%

Top importers

RankCountryValueShare
1 Hong Kong SAR China US$948m 44.7%
2 Türkiye US$327m 15.4%
3 Macao SAR China US$75m 3.5%
4 United States US$72m 3.4%
5 United Arab Emirates US$60m 2.8%
6 Taiwan US$52m 2.5%
7 Switzerland US$52m 2.5%
8 Germany US$51m 2.4%
9 Malaysia US$43m 2%
10 Japan US$40m 1.9%

In the UK Global Tariff, heading 7114 covers 3 tariff lines and the duty is 2%.

The EU Combined Nomenclature divides heading 7114 into 3 tariff lines; the duty is 2%.

In the Turkish Customs Tariff Schedule, heading 7114 covers 4 tariff lines and the duty is 2%.

The Harmonized Tariff Schedule of the United States divides heading 7114 into 10 tariff lines; the duty is between 2.7% and 7.9% (average 3.6%).

In the Customs Tariff of Canada, heading 7114 covers 18 tariff lines and the duty is 5.5%.

The Mexican Tariff (TIGIE) divides heading 7114 into 3 tariff lines; the duty is between 0% and 15% (average 10%). 1 of them is duty-free.

In the Brazilian Tariff (NCM/TEC), heading 7114 covers 3 tariff lines and the duty is 16.2%.

The Argentine Tariff (NCM-SIM) divides heading 7114 into 18 tariff lines; the duty is 18%.

In the Customs Tariff of Peru, heading 7114 covers 4 tariff lines and the duty is 6%.

The Working Tariff Document of New Zealand divides heading 7114 into 9 tariff lines; the duty is between 0% and 5% (average 1.7%). 6 of them are duty-free.

In the Customs Tariff Schedules of Japan, heading 7114 covers 3 tariff lines and the duty is between 3.3% and 5.4%.

The Customs Import Tariff of Taiwan divides heading 7114 into 3 tariff lines; the duty is duty-free.

In the GCC Common Customs Tariff, heading 7114 covers 4 tariff lines and the duty is 5%.

The Swiss Customs Tariff (Tares) divides heading 7114 into 3 tariff lines; the duty is duty-free.

In the Customs Tariff of Norway, heading 7114 covers 4 tariff lines and the duty is duty-free.

The Customs Tariff of North Macedonia divides heading 7114 into 3 tariff lines; the duty is 15%.

In the ECOWAS Common External Tariff (Nigeria), heading 7114 covers 3 tariff lines and the duty is 20%.

World trade in heading 7114 goods reached US$2.1bn in 2024, up 78.7% on 2023.

South Korea was the largest exporter with 30% of the total, ahead of Italy.

Hong Kong SAR China imported the most (US$948m).

The United Kingdom ranked 9th among 127 exporters with US$45m.

The United Kingdom imported US$20m.

Legal notes

Notes

Products classified here

Questions and answers

What is the HS code for articles of goldsmiths' or silversmiths' wares and parts thereof, of precious metal or of metal clad with precious metal?

Articles of goldsmiths' or silversmiths' wares and parts thereof, of precious metal or of metal clad with precious metal fall under HS heading 7114, part of chapter 71, in section XIV of the Harmonized System.

What is the import duty on articles of goldsmiths' or silversmiths' wares… in the UK?

Under the UK Global Tariff, imports under 7114 from countries without a preferential agreement are charged at 2%. Preferential rates, anti-dumping duties and VAT are not included.

What is the import duty on articles of goldsmiths' or silversmiths' wares… in the EU?

Under the EU Combined Nomenclature, imports under 7114 from countries without a preferential agreement are charged at 2%. Preferential rates, anti-dumping duties and VAT are not included.

Which country exports the most articles of goldsmiths' or silversmiths' wares…?

South Korea, with US$637m in 2024 (30% of world exports).

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