About HS Code 710812
This category encompasses non-monetary gold in its unwrought form, meaning raw, unworked gold typically found as ingots, bars, grains, or lumps, but specifically excluding powder. This is the foundational form for industrial gold, serving as a primary raw material for jewelry manufacturing, electronics, dentistry, and other high-tech applications. It is distinct from monetary gold, which is held by central banks or for investment purposes. Major importers are countries with large jewelry industries, significant electronics manufacturing, or those acting as refining and distribution hubs for industrial gold. Exporters are predominantly gold-mining nations and countries with advanced gold refining capabilities. Key aspects of trade include purity standards (e.g., 999.9 fine gold), weight, and certification by recognized refiners. The global market for unwrought non-monetary gold is influenced by industrial demand, economic growth, and the overall supply from mining and recycling, making it a crucial commodity in global trade.
Products Under This Code
Gold ingots, gold bars, gold grains, gold shot, gold anodes, gold bullion (non-monetary), gold granules
Real World Examples
LBMA good delivery gold bars, PAMP Suisse gold ingots, Valcambi gold bars, Royal Canadian Mint gold bullion, Perth Mint gold bars
Common Misclassification
This code is differentiated from 710820 (Monetary gold) by its non-monetary status and from 710813 (Semi-manufactured non-monetary gold) by its unwrought form.
Products Classified Under 7108.12
Industry
This code belongs to the Gems & Jewelry industry.
Trade Overview
Top importers include India, China, and the USA for jewelry and industrial demand, while major exporters are Switzerland, Australia, and Canada, reflecting their refining and mining capacities.
Frequently Asked Questions
What is HS code 710812?
HS code 710812 covers: Metals; gold, non-monetary, unwrought (but not powder). This category encompasses non-monetary gold in its unwrought form, meaning raw, unworked gold typically found as ingots, bars, grains, or lumps, but specifically excluding powder. This is the foundational form for industrial gold, serving as a primary raw material for jewelry manufacturing, electronics, dentistry, and other high-tech applications. It is distinct from monetary gold, which is held by central banks or for investment purposes. Major importers are countries with large jewelry industries, significant electronics manufacturing, or those acting as refining and distribution hubs for industrial gold. Exporters are predominantly gold-mining nations and countries with advanced gold refining capabilities. Key aspects of trade include purity standards (e.g., 999.9 fine gold), weight, and certification by recognized refiners. The global market for unwrought non-monetary gold is influenced by industrial demand, economic growth, and the overall supply from mining and recycling, making it a crucial commodity in global trade.
What products fall under HS code 710812?
Gold ingots, gold bars, gold grains, gold shot, gold anodes, gold bullion (non-monetary), gold granules
What are common misclassifications for HS code 710812?
This code is differentiated from 710820 (Monetary gold) by its non-monetary status and from 710813 (Semi-manufactured non-monetary gold) by its unwrought form.
How is HS code 710812 structured?
HS code 710812 is a 6-digit subheading under the Harmonized System. The first 2 digits (71) identify the chapter, digits 3-4 (08) identify the heading, and digits 5-6 (12) specify the subheading. This code is standardized globally by the World Customs Organization.