About HS Code 711011
This HS code covers platinum in its most fundamental forms: unwrought (meaning unprocessed, such as ingots or bars) or as a powder. These are the primary raw materials for a vast array of industrial and luxury applications globally. Major importers are typically nations with advanced manufacturing capabilities, particularly those in the automotive industry (for catalytic converters), jewelry production, chemical processing, and electronics. Exporters are predominantly countries with significant platinum mining operations or sophisticated refining infrastructure. The international trade in unwrought or powder platinum is highly sensitive to global economic trends, industrial demand, and speculative investment, given platinum's dual role as a precious metal and a critical component in green technologies. Purity levels are a paramount specification in this trade.
Products Under This Code
Platinum ingots, Platinum bars, Platinum powder, Platinum sponge, Platinum grain, Platinum shot, Platinum buttons
Real World Examples
Anglo American Platinum ingots, Sibanye-Stillwater platinum powder, Johnson Matthey platinum sponge, Heraeus platinum bars
Common Misclassification
This code is distinct from 711019 (platinum, semi-manufactured) because it covers the initial, unprocessed forms, not items like wire or sheet. It's also different from 7113 (jewelry of platinum) which covers finished goods.
Products Classified Under 7110.11
Industry
This code belongs to the Gems & Jewelry industry.
Trade Overview
South Africa, Russia, and Zimbabwe are leading exporters, with major importers including Germany, Japan, and the USA.
Frequently Asked Questions
What is HS code 711011?
HS code 711011 covers: Metals; platinum, unwrought or in powder form. This HS code covers platinum in its most fundamental forms: unwrought (meaning unprocessed, such as ingots or bars) or as a powder. These are the primary raw materials for a vast array of industrial and luxury applications globally. Major importers are typically nations with advanced manufacturing capabilities, particularly those in the automotive industry (for catalytic converters), jewelry production, chemical processing, and electronics. Exporters are predominantly countries with significant platinum mining operations or sophisticated refining infrastructure. The international trade in unwrought or powder platinum is highly sensitive to global economic trends, industrial demand, and speculative investment, given platinum's dual role as a precious metal and a critical component in green technologies. Purity levels are a paramount specification in this trade.
What products fall under HS code 711011?
Platinum ingots, Platinum bars, Platinum powder, Platinum sponge, Platinum grain, Platinum shot, Platinum buttons
What are common misclassifications for HS code 711011?
This code is distinct from 711019 (platinum, semi-manufactured) because it covers the initial, unprocessed forms, not items like wire or sheet. It's also different from 7113 (jewelry of platinum) which covers finished goods.
How is HS code 711011 structured?
HS code 711011 is a 6-digit subheading under the Harmonized System. The first 2 digits (71) identify the chapter, digits 3-4 (10) identify the heading, and digits 5-6 (11) specify the subheading. This code is standardized globally by the World Customs Organization.