Heading · Section XIV

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

7114
  • 2%UK
  • 2%EU
  • 20%Türkiye
  • 2.7%–7.9%USA
  • US$2.1bnWorld trade in 2024

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

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 statutory rate is 20%.

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%).

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$947.9m).

The United Kingdom ranked 9th among 127 exporters with US$44.7m.

The United Kingdom imported US$19.7m.

Duty rates compared

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

7114 · US$2.1bn

Trade value (US$) no reported trade < US$186.3kUS$186.3k+US$5.1m+US$30.7m+> US$77.1m

Exports: 127
  1. South Korea: US$636.7m
  2. Italy: US$396.9m
  3. China: US$367.1m
  4. Türkiye: US$77.1m
  5. Germany: US$65.1m
  6. Malaysia: US$53.3m
  7. Japan: US$49.9m
  8. New Zealand: US$45.7m
  9. United Kingdom: US$44.7m
  10. Hong Kong SAR China: US$35.9m
  11. France: US$34.9m
  12. Switzerland: US$30.7m
  13. Slovakia: US$24.6m
  14. Netherlands: US$23.1m
  15. Taiwan: US$20.1m
  16. India: US$19.7m
  17. Estonia: US$17.8m
  18. United States: US$16.7m
  19. United Arab Emirates: US$14.8m
  20. Sweden: US$14.2m
  21. Israel: US$13.7m
  22. Australia: US$12.3m
  23. Bulgaria: US$11m
  24. Portugal: US$10.1m
  25. Indonesia: US$8.8m
  26. Austria: US$7.6m
  27. Thailand: US$7.3m
  28. Poland: US$6m
  29. Belgium: US$5.9m
  30. Singapore: US$5.1m
  31. Malta: US$4.8m
  32. Canada: US$4.1m
  33. Spain: US$3.5m
  34. Norway: US$3.2m
  35. Denmark: US$2.8m
  36. Ireland: US$2.7m
  37. Saudi Arabia: US$2.6m
  38. Albania: US$2.3m
  39. Greece: US$2.1m
  40. Croatia: US$2m
  41. Czechia: US$1.9m
  42. Brazil: US$1.9m
  43. South Africa: US$1.8m
  44. Macao SAR China: US$934.3k
  45. Jordan: US$835.8k
  46. Romania: US$692.7k
  47. Lebanon: US$628.1k
  48. Egypt: US$592.2k
  49. Mexico: US$534.4k
  50. Hungary: US$499.5k
  51. Finland: US$497k
  52. Mauritius: US$428.3k
  53. Slovenia: US$420.2k
  54. Luxembourg: US$366.8k
  55. Qatar: US$290.8k
  56. Tunisia: US$198.8k
  57. Vietnam: US$192.6k
  58. Sri Lanka: US$190.4k
  59. Russia: US$186.3k
  60. Latvia: US$175.5k

Top exporters

RankCountryValueShare
1 South Korea US$636.7m 30%
2 Italy US$396.9m 18.7%
3 China US$367.1m 17.3%
4 Türkiye US$77.1m 3.6%
5 Germany US$65.1m 3.1%
6 Malaysia US$53.3m 2.5%
7 Japan US$49.9m 2.4%
8 New Zealand US$45.7m 2.2%
9 United Kingdom US$44.7m 2.1%
10 Hong Kong SAR China US$35.9m 1.7%

Top importers

RankCountryValueShare
1 Hong Kong SAR China US$947.9m 44.7%
2 Türkiye US$327.4m 15.4%
3 Macao SAR China US$74.9m 3.5%
4 United States US$72.3m 3.4%
5 United Arab Emirates US$59.7m 2.8%
6 Taiwan US$52.3m 2.5%
7 Switzerland US$52.2m 2.5%
8 Germany US$51m 2.4%
9 Malaysia US$43.3m 2%
10 Japan US$40.5m 1.9%

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$636.7m in 2024 (30% of world exports).