Argentina Gold Export Market -- HS Code 7108 Trade Data & Price Trend (Q2 2025)

Argentina Gold Export (HS 7108) Key Takeaways

Argentina's gold exports under HS code 7108 are dominated by high-grade unwrought gold, commanding premium prices of ~$52,717/kg, but Q2 2025 saw a sharp decline from $1.31B in April to $498.52M by June. Switzerland is the dominant buyer (53.38% of value), followed by the US and India, reflecting demand for premium products in financial and luxury markets. This analysis covers Q2 2025 and 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 product is critical for industries such as jewelry, electronics, and investment, where its high value and stability drive consistent global demand. Argentina's gold export under this code reflects its role as a key supplier in the precious metals market.

Current Context and Strategic Position

The Biden administration's trade policy timeline highlights ongoing adjustments to tariff schedules and trade actions, which could indirectly impact gold markets [Shenglufashion]. Argentina's gold export under HS Code 7108 is strategically significant, given its position as a major producer in Latin America. Monitoring trade data for this code is essential, as shifts in global demand or policy changes could affect Argentina's export dynamics. Vigilance is warranted to navigate potential market fluctuations.

Argentina Gold Export (HS 7108) Price Trend

Key Observations

Argentina's gold exports under HS code 7108 saw a sharp decline in Q2 2025, with total value dropping from $1.31 billion in April to $498.52 million in June. This represents a significant contraction in the Argentina Gold Export trend during the quarter, erasing gains from earlier in the year.

Price and Volume Dynamics

The hs code 7108 value trend indicates that after peaking at $1.35 billion in March, exports began a sequential decline, falling to $1.31 billion in April before plummeting further in May and June. This downturn follows a strong Q1 performance and may reflect heightened market volatility linked to global trade policy shifts, such as those outlined in the Biden administration's trade actions [Shenglu Fashion], which could have influenced gold flow patterns and economic uncertainty affecting demand.

Argentina Gold Export (HS 7108) HS Code Breakdown

Product Specialization and Concentration

In Q2 2025, Argentina's export under HS Code 7108 is overwhelmingly dominated by high-value unwrought gold, specifically the sub-code for non-monetary gold without powder. According to yTrade data, this sub-code accounts for nearly all the export value at 99.66%, with a unit price of approximately 52,717 USD per kilogram, indicating a premium product specialization. An extreme price anomaly exists for monetary gold, isolated from the main analysis due to its negligible share but very high unit price of around 196,135 USD per kilogram.

Value-Chain Structure and Grade Analysis

The non-anomalous exports are split into two clear categories based on unit price: high-grade unwrought gold at about 52,717 USD per kilogram and a lower-grade or differently processed form at roughly 91 USD per kilogram, both under similar descriptions. This structure suggests that Argentina's HS Code 7108 trade involves differentiated products rather than purely fungible commodities, with price logic tied to quality or processing stages rather than bulk indices.

Strategic Implication and Pricing Power

Argentina's strong position in high-value gold exports under HS Code 7108 provides significant pricing power, allowing it to command premium rates in international markets. Strategic focus should remain on maintaining and enhancing quality standards to sustain this advantage, while the lower-priced segment may serve niche or cost-sensitive buyers without diluting overall market strength.

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 destination for Argentina's Gold exports in Q2 2025, accounting for 53.38% of the total export value. The value share for Switzerland (53.38%) significantly exceeds its weight share (18.59%), indicating strong demand for higher-grade or refined Gold, typical for financial or jewelry markets. Similar patterns are seen in the United States (value share 23.08% vs. weight share 4.93%) and India (value share 13.14% vs. weight share 0.90%), reinforcing a focus on premium products. Data for Belgium and South Africa shows physically impossible unit prices for Gold, so their weight shares are omitted from this analysis.

Destination Countries Clusters and Underlying Causes

The top destinations form two clear clusters based on trade data for HS Code 7108. The High-Yield Cluster includes Switzerland, the United States, and India, where value shares are high but weight shares are low, pointing to imports of high-purity Gold for investment or luxury goods. The Volume Cluster is represented by Canada, with a weight share (12.12%) slightly above its value share (10.28%), suggesting bulk shipments, possibly for refining or intermediate processing. This clustering reflects Argentina's role in supplying both finished and raw Gold to key global markets.

Forward Strategy and Supply Chain Implications

To maximize returns, Argentina should prioritize the High-Yield Cluster markets like Switzerland, the US, and India, where Gold exports command premium prices. Supply chains can be optimized for consistency to meet the demand for refined Gold, while bulk shipments to Canada may require efficient logistics for raw material handling. Monitoring trade policies, such as those in the US, could help anticipate shifts, but no direct news impacts are noted for Q2 2025. Overall, focusing on high-value destinations will strengthen Argentina's position in Gold export markets under HS 7108.

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

Get Complete Destination Countries Profile

Action Plan for Gold Market Operation and Expansion

• Prioritize shipments of high-purity, unwrought gold to premium markets like Switzerland, the US, and India, as the Argentina Gold Export strategy commands significantly higher unit prices in these destinations.
• Use detailed hs code 7108 trade data to monitor buyer frequency and shipment grades, enabling dynamic pricing that reflects the premium for high-quality gold and maximizes revenue.
• Secure logistics for high-value shipments to protect the integrity of the Gold supply chain, as consistent quality delivery is critical for maintaining trust and pricing power with premium buyers.
• Optimize bulk shipping and handling processes for raw material shipments to volume buyers like Canada, ensuring cost-efficiency for this segment without compromising the premium product strategy.
• Continuously monitor trade policies in key destinations, particularly the US, using trade flow data to anticipate any regulatory changes that could impact the Argentina Gold Export market under HS 7108.

Take Action Now —— Explore Argentina Gold Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Argentina Gold Export 2025 Q2?

Argentina's gold exports under HS Code 7108 declined sharply in Q2 2025, dropping from $1.31 billion in April to $498.52 million in June. This contraction may reflect global trade policy shifts and economic uncertainty affecting demand.

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

Switzerland dominates with 53.38% of export value, followed by the United States (23.08%) and India (13.14%). These markets prioritize high-grade gold for financial or luxury goods.

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

Price differences stem from product specialization: high-grade unwrought gold commands ~52,717 USD/kg, while lower-grade or processed forms trade at ~91 USD/kg. Premium markets like Switzerland and the US focus on refined gold.

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

Exporters should prioritize high-value destinations (Switzerland, US, India) to maintain premium pricing and optimize supply chains for consistency in refined gold shipments.

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

Buyers in high-yield markets benefit from reliable access to premium gold, while bulk buyers (e.g., Canada) receive raw material for refining or intermediate processing.

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

Argentina’s gold exports under HS Code 7108 primarily serve financial markets (e.g., investment reserves) and luxury sectors (e.g., jewelry), with a smaller volume for industrial refining.

Detailed Monthly Report

Argentina HS7108 Export Snapshot 2025 APR

Argentina HS7108 Export Snapshot 2025 MAY

Argentina HS7108 Export Snapshot 2025 JUN