Product classification
HS code for Gold ingots: 7108.12
Metals, gold, non-monetary, unwrought (but not powder).
Classification of gold ingots under HS 7108.12
Gold ingots are classified under HS code 7108.12 as non-monetary gold in unwrought forms. This classification applies to gold that has been refined and cast into primary shapes such as bars, ingots, or blocks, but has not yet undergone further manufacturing processes. The term "unwrought" is defined in the HS Explanatory Notes as products obtained by casting or sintering that have not been rolled, drawn, or forged into specific shapes like wire or sheet. This code is the standard for the international bullion trade involving private investors, commercial banks, and jewelry manufacturers. The classification is based on the physical state of the metal and the fact that it is not being moved between monetary authorities (which would trigger 7108.20). The purity of the ingot, while important for valuation, does not change this six-digit classification.
- Covers
- Cast gold bars
- Refined gold ingots
- Dore gold bars (unwrought)
- Gold bullion blocks
- Extruded gold bars not further worked
- Also under 7108.12
- LBMA good delivery gold bars
- PAMP Suisse gold ingots
- Valcambi gold bars
- Royal Canadian Mint gold bullion
- Perth Mint gold bars
Codes often confused with 7108.12
Common mistake. A common error is classifying ingots under HS code 7108.11, which is reserved specifically for gold powder. Another frequent mistake is using 7108.13, which covers semi-manufactured gold. If an ingot has been rolled into a plate or drawn into a wire, it must move to 7108.13. Additionally, if the ingot is destined for a central bank's official reserves, it must be classified as monetary gold under 7108.20 instead of 7108.12.
Top exporters and importers of HS 710812 (the code used for gold ingots), 2025
In 2025, the largest exporter of HS 710812 (the code used for gold ingots) in UN Comtrade data was Switzerland, with 25% of world exports; the largest importer in UN Comtrade data was Switzerland, with 32% of world imports. Countries that did not report 2025 data are estimated from partner records, which can understate them.
Figures cover everything classified under HS 710812, not only gold ingots.
Top exporters 2025 · share of world exports
- 1 Switzerland $179.2B 25% of world exports
- 2 United Arab Emirates* ~$114.0B 16% of world exports · partner records ↗
- 3 Hong Kong $77.4B 11% of world exports
World total: $710.3B Reported figures on UN Comtrade ↗
Top importers 2025 · share of world imports
- 1 Switzerland $209.2B 32% of world imports
- 2 Hong Kong $101.1B 15% of world imports
- 3 China $97.9B 15% of world imports
World total: $663.9B 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 marked * did not, so their figures add up what other countries recorded trading with them, and their exports are valued at buyers' CIF prices. 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 codes for gold ingots
Brazil splits HS 7108.12 into 2 NCM codes. Pick the one that matches your product:
- 7108.12.10Doré bullion, unwrought non-monetary gold
- 7108.12.90Other unwrought non-monetary gold
Source: Siscomex NCM table, updated Oct 2026. The Portuguese text on each NCM page is the official one.
Questions about gold ingots
What is the HS code for Gold ingots?
The HS code for Gold ingots is 710812 (Metals; gold, non-monetary, unwrought (but not powder)). The HS code for non-monetary gold ingots in an unwrought state is 7108.12.
How do I classify Gold ingots for customs?
Gold ingots is classified under HS code 710812 — Metals; gold, non-monetary, unwrought (but not powder). This is a 6-digit subheading level code.
Does the purity of the gold ingot change the HS code?
No, the HS code 7108.12 applies to all unwrought non-monetary gold regardless of whether it is 14k, 18k, or 24k purity.
Which countries are the top exporters of gold ingots (HS 710812)?
In 2025, the top exporters of HS 710812 (the code used for gold ingots) in UN Comtrade data were Switzerland ($179.2B, 25% of world exports), the United Arab Emirates (about $114.0B) and Hong Kong ($77.4B). World exports came to about $710.3B, 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 gold ingots (HS 710812)?
In 2025, the top importers of HS 710812 (the code used for gold ingots) in UN Comtrade data were Switzerland ($209.2B, 32% of world imports), Hong Kong ($101.1B) and China ($97.9B). World imports came to about $663.9B, 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.
Is the HS code for Gold ingots the same in all countries?
The base HS code 710812 for Gold ingots is internationally standardized for the first 6 digits across 200+ countries. Individual countries may add additional digits for national tariff lines and specific classifications.
What is the NCM code for gold ingots in Brazil?
Brazil splits HS 710812 into 2 NCM codes, so the right one for gold ingots depends on the product's details: 7108.12.10 (Doré bullion, unwrought non-monetary gold), 7108.12.90 (Other unwrought non-monetary gold).