Product classification
HS code for Silver ingots: 7106.91
Metals, silver, unwrought, (but not powder).
Classification of silver ingots under HS 7106.91
Silver ingots are classified under HS code 7106.91, which covers silver in its unwrought form. Chapter 71 of the Harmonized System defines "unwrought" as metals that have been produced by smelting, refining, or casting into primary shapes such as ingots, blocks, lumps, pellets, or grains. Silver ingots represent the primary stage of refined silver before it is subjected to mechanical working like rolling or drawing. This classification applies to silver of various purities, including fine silver (99.9%) and silver alloys, provided the alloy contains at least 2% silver by weight and silver is the predominant precious metal. The classification is essential for the trade of bullion and investment-grade silver. According to the General Explanatory Notes for Chapter 71, unwrought silver must not have been worked further than being cast, although it may have been treated to remove surface impurities. This code is the standard for silver traded on global commodities markets and used as raw material for the jewelry and electronics industries.
- Covers
- Cast silver ingots
- Silver blocks and bricks
- Silver grains and pellets
- Silver lumps and buttons
- Silver dore (unrefined silver bars)
- Also under 7106.91
- 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. Silver ingots are often confused with HS code 7106.92, which is for semi-manufactured silver. The distinction lies in whether the bar has been rolled or drawn after casting. Another common misclassification is 7106.10, which is specifically for silver powder. Additionally, silver ores that have not yet been smelted into metal must be classified under 2616.10. Finally, if an ingot is specifically shaped and marked for use as a component in a machine, it might be misclassified under a machinery heading, though Chapter 71 usually takes precedence.
Top exporters and importers of HS 710691 (the code used for silver ingots), 2025
In 2025, the largest exporter of HS 710691 (the code used for silver ingots) 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.
Figures cover everything classified under HS 710691, not only silver ingots.
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 silver ingots
Brazil classifies silver ingots under NCM 7106.91.00: HS 7106.91 with 00 added.
Source: Siscomex NCM table, updated Oct 2026. The Portuguese text on each NCM page is the official one.
Questions about silver ingots
What is the HS code for Silver ingots?
The HS code for Silver ingots is 710691 (Metals; silver, unwrought, (but not powder)). The HS code for unwrought silver ingots is 7106.91.
How do I classify Silver ingots for customs?
Silver ingots is classified under HS code 710691 — Metals; silver, unwrought, (but not powder). This is a 6-digit subheading level code.
Are silver grains classified under the same code as ingots?
Yes, silver grains are considered an unwrought form of silver and are classified under HS code 7106.91.
Which countries are the top exporters of silver ingots (HS 710691)?
In 2025, the top exporters of HS 710691 (the code used for silver ingots) 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 silver ingots (HS 710691)?
In 2025, the top importers of HS 710691 (the code used for silver ingots) 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.
Is the HS code for Silver ingots the same in all countries?
The base HS code 710691 for Silver 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 silver ingots in Brazil?
In Brazil, silver ingots (HS 710691) is classified under NCM 7106.91.00.