Argentina Gold Export Market -- HS Code 7108 Trade Data & Price Trend (Jun 2025)

Argentina Gold Export (HS 7108) Key Takeaways

Argentina's gold exports under HS code 7108 in June 2025 were dominated by non-monetary unwrought gold, reflecting a highly specialized but volatile market, with values plummeting to $498.52 million after peaking earlier in the year. The complete absence of buyer activity signals extreme market risk, while Switzerland emerged as the top destination, accounting for 44.37% of export value due to demand for premium-grade gold. This analysis, covering June 2025, is based on cleanly processed customs data from the yTrade database.

Argentina Gold Export (HS 7108) Background

What is HS Code 7108?

HS Code 7108 covers gold, including gold plated with platinum, in unwrought or semi-manufactured forms, or as powder. This category is critical for industries such as jewelry, electronics, and investment products, where gold's stability and conductivity drive consistent global demand. Its trade data reflects both industrial needs and macroeconomic trends.

Current Context and Strategic Position

Recent updates to the U.S. Harmonized Tariff Schedule (2025 Revision 5) highlight ongoing adjustments to trade policies, which could impact global gold markets [Harmonized Tariff Schedule]. Argentina's gold export sector remains strategically significant due to its mining output and role in stabilizing trade balances. Monitoring HS Code 7108 trade data is essential, as shifts in U.S. or global policies could influence Argentina's export dynamics. Vigilance is warranted to navigate potential regulatory or market fluctuations.

Argentina Gold Export (HS 7108) Price Trend

Key Observations

Argentina's gold exports under HS code 7108 reached a value of $498.52 million USD in June 2025, representing a significant decline from the higher levels seen in the first quarter.

Price and Volume Dynamics

The Argentina Gold Export trend began 2025 with robust growth, climbing from $922.92 million in January to a peak of $1.35 billion in March, but then reversed course with consecutive drops to $498.52 million by June. This sequential downturn aligns with potential market adjustments to trade policy developments, such as the Harmonized Tariff Schedule revisions noted by the USITC [USITC Learning], which may have introduced uncertainty for commodity flows. The hs code 7108 value trend reflects the inherent volatility in gold markets, often driven by shifts in global demand or macroeconomic conditions.

Argentina Gold Export (HS 7108) HS Code Breakdown

Product Specialization and Concentration

In June 2025, Argentina's export of gold under HS Code 7108 is overwhelmingly concentrated in a single product type. According to yTrade data, the sub-code 71081210000, described as "non-monetary unwrought gold," accounts for nearly 100% of both the quantity and value exported. This high specialization indicates a focused trade in a specific form of gold, with minimal diversity in other variants.

Value-Chain Structure and Grade Analysis

The export structure under HS Code 7108 consists primarily of unwrought gold, which falls into the raw material category with no significant value-add stages. Both sub-codes represent the same basic product form, suggesting a homogenous, bulk commodity trade. This alignment points to a market driven by fungible goods, where pricing is likely influenced by global commodity indices rather than product differentiation.

Strategic Implication and Pricing Power

For market players involved in Argentina's HS Code 7108 export, the dominance of a standardized commodity implies limited pricing power, with revenues tied closely to international gold prices. Strategic efforts should prioritize operational efficiency and cost management to maintain competitiveness, rather than product innovation or differentiation. Analysis of HS Code 7108 trade data confirms a need for volume-based strategies in this segment.

Table: Argentina HS Code 7108) Breakdown Details (Source: yTrade)

Check Detailed HS Code 7108 Breakdown

Argentina Gold Export (HS 7108) Destination Countries

Geographic Concentration and Dominant Role

Switzerland is the dominant importer of Argentina's Gold exports in June 2025, accounting for 44.37% of the total value. Its value share is significantly higher than its quantity share of 20.60%, indicating a strong demand for higher-grade or refined Gold from Argentina. The frequency of shipments to Switzerland is also high at 28.57%, suggesting consistent, high-value trade flows for this commodity.

Destination Countries Clusters and Underlying Causes

The importers can be grouped into two main clusters based on trade patterns. The High-Yield Cluster includes Switzerland, where high value share points to premium Gold products. The Volume Cluster is led by Canada, with a quantity share of 55.02% far exceeding its value share of 13.43%, implying bulk shipments of raw or lower-value Gold, possibly for processing or re-export. The United States and India form a Transactional Cluster, with frequency shares around 21.43% indicating regular, perhaps smaller-scale trade, common in Gold markets for diversified sourcing.

Forward Strategy and Supply Chain Implications

Argentina should prioritize capturing high-margin opportunities in Switzerland by ensuring quality standards for refined Gold. For bulk buyers like Canada, optimizing logistics to reduce costs could secure volume deals. The trade data for HS Code 7108 shows no immediate impact from external news, so strategies should focus on these existing patterns to enhance Argentina Gold Export performance.

Table: Argentina Gold (HS 7108) Top Destination Countries (Source: yTrade)

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Argentina Gold (HS 7108) Buyers Analysis

Buyer Market Concentration and Dominance

According to yTrade data, the Argentina Gold Export buyer market in June 2025 shows no activity across all four segments of buyers. This lack of data points to a very thin or inactive market for this period. The typical trade for Argentina's gold exports under hs code 7108 trade data cannot be defined from the available information.

Strategic Buyer Clusters and Trade Role

The profile of hs code 7108 buyers indicates a complete absence of transactions. For a commodity like gold, this situation often suggests a market that is either highly state-controlled or intermediated by large institutional players. The lack of any high or low frequency buyers points to a potential halt in commercial activity or a period of significant market disruption.

Sales Strategy and Vulnerability

For Argentine exporters, this market structure presents extreme risk. The total absence of buyers means no sales strategy can be implemented without first identifying new market opportunities. Companies should investigate whether this represents a temporary market freeze or a longer-term structural shift. The complete lack of buyer activity requires immediate attention to supply chain and market access issues.

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Action Plan for Gold Market Operation and Expansion

• Identify new buyer markets immediately using hs code 7108 trade data to mitigate the risk of zero buyer activity and secure new revenue streams for the Argentina Gold Export.
• Prioritize shipments of higher-grade gold to Switzerland to capitalize on its premium value share and maximize returns from the Argentina Gold Export.
• Optimize logistics and bulk shipping efficiencies for high-volume, lower-margin buyers like Canada to protect profitability within the Gold supply chain.
• Implement a dynamic pricing model tied to real-time global gold indices to safeguard margins, as the hs code 7108 trade data confirms a standardized commodity with no pricing power.

Take Action Now —— Explore Argentina Gold Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Argentina Gold Export 2025 June?

Argentina's gold exports dropped sharply to $498.52 million in June 2025 after peaking at $1.35 billion in March, likely due to global gold market volatility and potential trade policy adjustments.

Q2. Who are the main destination countries of Argentina Gold (HS Code 7108) 2025 June?

Switzerland dominates with 44.37% of export value, followed by Canada (13.43% value share) and the United States and India with smaller but regular transactions.

Q3. Why does the unit price differ across destination countries of Argentina Gold Export?

Switzerland pays premium prices for higher-grade gold, while Canada's bulk shipments (55.02% quantity share) suggest lower-value, raw gold for processing.

Q4. What should exporters in Argentina focus on in the current Gold export market?

Exporters must prioritize high-margin Swiss demand for refined gold and optimize logistics for bulk buyers like Canada, given the total absence of buyer activity in June.

Q5. What does this Argentina Gold export pattern mean for buyers in partner countries?

Swiss buyers secure consistent high-value gold, while Canadian importers benefit from volume-driven raw material flows. The market disruption in June requires caution.

Q6. How is Gold typically used in this trade flow?

Argentina's gold exports under HS Code 7108 are almost entirely unwrought (non-monetary), traded as a raw commodity for refining or industrial use.