Product classification

HS code for Unwrought gold: 7108.12

Metals, gold, non-monetary, unwrought (but not powder).

Classification of unwrought gold under HS 7108.12

Unwrought gold for non-monetary purposes is classified under HS code 7108.12. Chapter 71 of the Harmonized System covers natural or cultured pearls, precious stones, and precious metals. Gold classification is determined by its purity, its physical form, and its intended use. Subheading 7108.12 is specifically for gold in unwrought forms, such as bars, ingots, nuggets, or grains, provided they are not in powder form and are not intended for monetary use by central banks. The "unwrought" designation applies to gold that has been cast or otherwise produced in primary shapes but has not undergone semi-manufacturing processes like rolling or drawing into wire. This code is critical for international trade as it distinguishes industrial or investment-grade bullion from gold used in currency or manufactured jewelry.

Covers
  • Gold ingots and bars (non-monetary)
  • Gold nuggets and grains
  • Gold cast bars for investment
  • Unwrought gold alloys (where gold predominates)
  • Gold dore bars
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. The most common misclassification involves HS code 7108.11, which is specifically for gold powder. While both are unwrought, the physical state of powder requires a different code. Another frequent error is using HS code 7108.20, which is reserved for monetary gold held by official authorities. Additionally, if the gold has been worked into plates, sheets, or wire, it must be classified under 7108.13 as semi-manufactured gold rather than unwrought gold.

7108.11Metals; gold, non-monetary, powder7108.20Gold, monetary7108.13Metals; gold, semi-manufactured

Top exporters and importers of HS 710812 (the code used for unwrought gold), 2025

In 2025, the largest exporter of HS 710812 (the code used for unwrought gold) 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 unwrought gold.

Top exporters 2025 · share of world exports

  1. 1 Switzerland $179.2B
  2. 2 United Arab Emirates* ~$114.0B
  3. 3 Hong Kong $77.4B

World total: $710.3B Reported figures on UN Comtrade ↗

Top importers 2025 · share of world imports

  1. 1 Switzerland $209.2B
  2. 2 Hong Kong $101.1B
  3. 3 China $97.9B

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 unwrought gold

Brazil splits HS 7108.12 into 2 NCM codes. Pick the one that matches your product:

Source: Siscomex NCM table, updated Oct 2026. The Portuguese text on each NCM page is the official one.

Questions about unwrought gold

What is the HS code for Unwrought gold?

The HS code for Unwrought gold is 710812 (Metals; gold, non-monetary, unwrought (but not powder)). The HS code for non-monetary unwrought gold (excluding powder) is 7108.12.

How do I classify Unwrought gold for customs?

Unwrought gold is classified under HS code 710812 — Metals; gold, non-monetary, unwrought (but not powder). This is a 6-digit subheading level code.

Is gold jewelry classified under this code?

No, finished jewelry made of gold is classified under heading 7113. HS code 7108.12 is strictly for the raw, unwrought metal.

Which countries are the top exporters of unwrought gold (HS 710812)?

In 2025, the top exporters of HS 710812 (the code used for unwrought gold) 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 unwrought gold (HS 710812)?

In 2025, the top importers of HS 710812 (the code used for unwrought gold) 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 Unwrought gold the same in all countries?

The base HS code 710812 for Unwrought gold 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 unwrought gold in Brazil?

Brazil splits HS 710812 into 2 NCM codes, so the right one for unwrought gold depends on the product's details: 7108.12.10 (Doré bullion, unwrought non-monetary gold), 7108.12.90 (Other unwrought non-monetary gold).