Heading · Section XIV
7118: Coin
- FreeUK
- FreeEU
- 0%–200%Türkiye
- FreeUSA
- US$583.5mWorld trade in 2024
2 subheadings make up heading 7118 in chapter 71 (natural or cultured pearls, precious or semi-precious stones, precious metals…).
In the UK Global Tariff, heading 7118 covers 2 tariff lines and the duty is duty-free.
The EU Combined Nomenclature divides heading 7118 into 2 tariff lines; the duty is duty-free.
In the Turkish Customs Tariff Schedule, heading 7118 covers 3 tariff lines and the statutory rate is between 0% and 200%. 2 of them are duty-free.
The Harmonized Tariff Schedule of the United States divides heading 7118 into 2 tariff lines; the duty is duty-free.
World trade in heading 7118 goods reached US$583.5m in 2024, down 3% on 2023.
The United States was the largest exporter with 17.3% of the total, ahead of Germany.
The United States imported the most (US$132.8m).
The United Kingdom ranked 7th among 183 exporters with US$27m.
The United Kingdom imported US$8.3m.
Duty rates compared
UK Free Third-country duty 2 tariff lines 
EU Free Third-country duty 2 tariff lines 
Türkiye Free – 200% Statutory rate (Law 474) 3 tariff lines · average 66.7% 
USA Free General (MFN) 2 tariff lines The Turkish schedule prints the statutory rate set under Customs Law 474. The rate applied at import is laid down in the Import Regime Decision and can be lower, or different by country of origin.
Subheadings 2
World trade in 2024
Trade value (US$) no reported trade < US$18.5kUS$18.5k+US$170.6k+US$6.6m+> US$27.9m
Exports: 183
- United States: US$100.9m
- Germany: US$83.4m
- Poland: US$67.8m
- Bulgaria: US$43.1m
- Canada: US$36.6m
- Finland: US$27.9m
- United Kingdom: US$27m
- Austria: US$25.6m
- Italy: US$21.7m
- Australia: US$20m
- South Africa: US$17.9m
- China: US$17m
- Slovakia: US$12.6m
- Netherlands: US$8.7m
- France: US$7.3m
- Switzerland: US$6.9m
- South Korea: US$6.8m
- Belgium: US$6.6m
- Czechia: US$6.3m
- Russia: US$5.5m
- Singapore: US$4.3m
- India: US$4.2m
- Mexico: US$3.8m
- Spain: US$2.5m
- Lithuania: US$2.3m
- Estonia: US$2.2m
- Kazakhstan: US$1.9m
- Croatia: US$1.7m
- Greece: US$1.2m
- United Arab Emirates: US$998.3k
- Norway: US$878.2k
- Türkiye: US$801.6k
- Luxembourg: US$679.9k
- Malaysia: US$367.6k
- Brazil: US$359.5k
- Japan: US$317.2k
- Samoa: US$313.4k
- Sweden: US$302.5k
- Israel: US$246k
- New Zealand: US$245.6k
- Niue: US$207.2k
- Vietnam: US$203.4k
- Palestinian Territories: US$193.3k
- Iceland: US$170.6k
- Thailand: US$168.5k
- Peru: US$168.3k
- Hong Kong SAR China: US$166.9k
- Slovenia: US$161.2k
- Portugal: US$159.4k
- Hungary: US$156.8k
- Malta: US$137.2k
- Latvia: US$123.8k
- Uruguay: US$123.8k
- Cook Islands: US$107.7k
- Fiji: US$90k
- Bolivia: US$88k
- Serbia: US$87.6k
- Solomon Islands: US$86.9k
- Ireland: US$85.1k
- Denmark: US$82.1k
Trade value (US$) no reported trade < US$396.2kUS$396.2k+US$2m+US$9.1m+> US$24.6m
Imports: 142
- United States: US$132.8m
- Germany: US$122.4m
- Poland: US$38.2m
- Colombia: US$27.9m
- Australia: US$24.6m
- Switzerland: US$16.6m
- Belgium: US$15.2m
- Guatemala: US$12.3m
- Spain: US$11.2m
- France: US$10.4m
- Slovakia: US$10.3m
- Czechia: US$10.2m
- Papua New Guinea: US$9.5m
- Nicaragua: US$9.1m
- United Kingdom: US$8.3m
- Philippines: US$7.3m
- Dominican Republic: US$7.2m
- Singapore: US$7m
- Taiwan: US$6.4m
- South Africa: US$6.2m
- United Arab Emirates: US$5.4m
- Netherlands: US$5m
- Romania: US$4.3m
- Georgia: US$4.1m
- Mexico: US$3.8m
- Austria: US$3.6m
- Norway: US$3m
- New Zealand: US$2.9m
- Slovenia: US$2.8m
- Hong Kong SAR China: US$2.7m
- Bulgaria: US$2.5m
- Japan: US$2.4m
- Finland: US$2.1m
- Canada: US$2.1m
- Thailand: US$2m
- Bolivia: US$2m
- Cayman Islands: US$1.9m
- Uruguay: US$1.8m
- Israel: US$1.7m
- Estonia: US$1.7m
- Ghana: US$1.6m
- Paraguay: US$1.5m
- Latvia: US$1.5m
- Belarus: US$1.4m
- Denmark: US$1.3m
- Costa Rica: US$1.3m
- Tajikistan: US$1.3m
- Liberia: US$1.2m
- Nepal: US$1.2m
- Lithuania: US$1.2m
- Mauritius: US$1.2m
- Timor-Leste: US$1m
- St Kitts & Nevis: US$995k
- Ireland: US$929.2k
- Dominica: US$898.4k
- Qatar: US$789.7k
- Fiji: US$691.3k
- Luxembourg: US$575.9k
- Kuwait: US$566.5k
- Bahamas: US$560.3k
Top exporters
| Rank | Country | Value | Share |
|---|---|---|---|
| 1 | United States | US$100.9m | 17.3% |
| 2 |  Germany | US$83.4m | 14.3% |
| 3 |  Poland | US$67.8m | 11.6% |
| 4 |  Bulgaria | US$43.1m | 7.4% |
| 5 |  Canada | US$36.6m | 6.3% |
| 6 |  Finland | US$27.9m | 4.8% |
| 7 | United Kingdom | US$27m | 4.6% |
| 8 |  Austria | US$25.6m | 4.4% |
| 9 |  Italy | US$21.7m | 3.7% |
| 10 |  Australia | US$20m | 3.4% |
Top importers
| Rank | Country | Value | Share |
|---|---|---|---|
| 1 | United States | US$132.8m | 22.8% |
| 2 | Germany | US$122.4m | 21% |
| 3 | Poland | US$38.2m | 6.5% |
| 4 |  Colombia | US$27.9m | 4.8% |
| 5 | Australia | US$24.6m | 4.2% |
| 6 |  Switzerland | US$16.6m | 2.8% |
| 7 |  Belgium | US$15.2m | 2.6% |
| 8 |  Guatemala | US$12.3m | 2.1% |
| 9 |  Spain | US$11.2m | 1.9% |
| 10 |  France | US$10.4m | 1.8% |
Products classified here
Questions and answers
What is the HS code for coin?
Coin fall under HS heading 7118, part of chapter 71, in section XIV of the Harmonized System.
What is the import duty on coin in the UK?
Under the UK Global Tariff, imports under 7118 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 coin in the EU?
Under the EU Combined Nomenclature, imports under 7118 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 coin?
The United States, with US$100.9m in 2024 (17.3% of world exports).