HS code · 6-digit subheading
HS Code 7106.91 – Metals; silver, unwrought, (but not powder)
HS code 7106.91 is the 6-digit subheading for metals, silver, unwrought, (but not powder). It is used for silver ingots, silver bars, silver grains, silver shot and silver anodes.
What HS 7106.91 covers
This category covers unwrought silver, which refers to silver in its raw, unworked form, typically ingots, bars, grains, or lumps, but specifically excluding powder. This is the primary form in which silver is traded globally as a commodity and a store of value. It serves as a fundamental raw material for a vast array of industries, including jewelry, silverware, electronics, photography, and investment. Major importers are often countries with large jewelry manufacturing sectors, significant industrial demand for silver, or those acting as financial hubs for precious metals. Exporters are predominantly silver-mining nations and countries with advanced refining capabilities. Key aspects of trade include purity standards (e.g., 999 fine silver), weight, and certification by recognized refiners. The price of unwrought silver is highly volatile, influenced by global economic conditions, industrial demand, and speculative investment, making it a significant asset in international financial markets.
- Covers
- Silver ingots
- Silver bars
- Silver grains
- Silver shot
- Silver anodes
- Silver bullion
- Silver granules
- Examples
- COMEX silver bars
- London Bullion Market Association (LBMA) good delivery bars
- Royal Canadian Mint silver bars
- Perth Mint silver ingots
- PAMP Suisse silver bars
Codes often confused with 7106.91
Common mistake. This code is distinct from 710610 (Silver powder) due to its form, and from 710692 (Semi-manufactured silver) which implies some level of working beyond unwrought.
Top exporters and importers of HS code 710691, 2025
In 2025, the largest exporter of HS code 710691 in UN Comtrade data was the United Kingdom, with 16% of world exports; the largest importer in UN Comtrade data was the United Kingdom, with 28% of world imports. Countries that did not report 2025 data are estimated from partner records, which can understate them.
Top exporters 2025 · share of world exports
- 1 United Kingdom $7.9B 16% of world exports
- 2 United States $6.9B 14% of world exports
- 3 Hong Kong $6.4B 13% of world exports
World total: $50.6B Reported figures on UN Comtrade ↗
Top importers 2025 · share of world imports
- 1 United Kingdom $11.2B 28% of world imports
- 2 United States $7.5B 19% of world imports
- 3 Hong Kong $6.8B 17% of world imports
World total: $39.4B Reported figures on UN Comtrade ↗
How these figures are built
109 countries reported 2025 trade to UN Comtrade in HS 2022, and their own totals are used. Countries that did not report are estimated from what other countries recorded trading with them. Those estimates miss trade with other non-reporting countries, so they can be low, and a non-reporting country can rank higher than shown or be missing from the list. World totals add both and leave out trade between two non-reporting countries. Figures are in current US dollars; reported imports are mostly valued CIF and exports FOB, and exports include re-exports. The UN Comtrade links show the underlying records; they can also list a few reporters left out here (regional groups and older HS editions).
Source: UN Comtrade (United Nations Statistics Division), 2025 annual data.
Brazil NCM code for 7106.91
Brazil does not split HS 7106.91: its NCM code is 7106.91.00.
All Brazil NCM codes in heading 71.06 →
Source: Siscomex NCM table, updated Oct 2026. The Portuguese text is official; the English is our translation.
Questions about HS 7106.91
What is HS code 710691?
HS code 710691 is a 6-digit subheading in the Harmonized System that covers: Metals; silver, unwrought, (but not powder). This category covers unwrought silver, which refers to silver in its raw, unworked form, typically ingots, bars, grains, or lumps, but specifically excluding powder. This is the primary form in which silver is traded globally as a commodity and a store of value. It serves as a fundamental raw material for a vast array of industries, including jewelry, silverware, electronics, photography, and investment. Major importers are often countries with large jewelry manufacturing sectors, significant industrial demand for silver, or those acting as financial hubs for precious metals. Exporters are predominantly silver-mining nations and countries with advanced refining capabilities. Key aspects of trade include purity standards (e.g., 999 fine silver), weight, and certification by recognized refiners. The price of unwrought silver is highly volatile, influenced by global economic conditions, industrial demand, and speculative investment, making it a significant asset in international financial markets.
What products fall under HS code 710691?
Silver ingots, silver bars, silver grains, silver shot, silver anodes, silver bullion, silver granules
What are common misclassifications for HS code 710691?
This code is distinct from 710610 (Silver powder) due to its form, and from 710692 (Semi-manufactured silver) which implies some level of working beyond unwrought.
Which countries are the top exporters of goods under HS code 710691?
In 2025, the top exporters of HS code 710691 in UN Comtrade data were the United Kingdom ($7.9B, 16% of world exports), the United States ($6.9B) and Hong Kong ($6.4B). World exports came to about $50.6B, adding countries' reported figures and partner-based estimates for those that did not report (UN Comtrade data). Countries that did not report 2025 data are estimated from partner records, which can understate them.
Which countries are the top importers of goods under HS code 710691?
In 2025, the top importers of HS code 710691 in UN Comtrade data were the United Kingdom ($11.2B, 28% of world imports), the United States ($7.5B) and Hong Kong ($6.8B). World imports came to about $39.4B, adding countries' reported figures and partner-based estimates for those that did not report (UN Comtrade data). Countries that did not report 2025 data are estimated from partner records, which can understate them.
How is HS code 710691 structured?
HS code 710691 is a 6-digit subheading under the Harmonized System. The first 2 digits (71) identify the chapter, digits 3-4 (06) identify the heading, and digits 5-6 (91) specify the subheading. This code is standardized globally by the World Customs Organization.
What is the Brazil NCM code for HS code 710691?
In Brazil, HS code 710691 is NCM 7106.91.00. The last two digits are 00 because Brazil does not split this HS code further.