Chile Gold Bullion HS7108 Export Data 2025 May Overview

Chile Gold Bullion (HS 7108) 2025 May Export: Key Takeaways

Chile's Gold Bullion (HS Code 7108) exports in May 2025 reveal a high-grade market split between premium and bulk buyers. Switzerland dominates with 79.47% of the value but just 57.37% of the weight, signaling top-tier purchases, while the U.S. shows similar premium demand. India and Canada absorb 40% of the weight but lack value data, indicating lower-grade bulk transactions. Sellers should balance high-margin niche markets with volume channels. This analysis covers May 2025 and is based on cleanly processed Customs data from the yTrade database.

Chile Gold Bullion (HS 7108) 2025 May Export Background

Chile Gold Bullion (HS Code 7108) refers to unwrought or semi-manufactured gold and powder, a critical input for jewelry, electronics, and central bank reserves due to its stable global demand. The recent EU-Chile Interim Trade Agreement (ITA), effective February 2025, streamlines exports by replacing EUR.1 certificates with a simpler origin statement [EU Taxation]. Chile remains a key exporter, shipping $154M in gold in August 2025 [OEC], with the US, Switzerland, and India as top buyers. In May 2025, no new export restrictions were reported, reinforcing Chile’s role in the 2025 gold trade.

Chile Gold Bullion (HS 7108) 2025 May Export: Trend Summary

Key Observations

Chile Gold Bullion (HS Code 7108) exports in May 2025 surged in volume and value, despite a sharp drop in unit price. Total value reached $361M, up 14.6% from April, while volume rose 50% to 124.93K kg—the highest monthly volume this year.

Price and Volume Dynamics

The May unit price of $2,889/kg fell 23.6% month-on-month, unwinding much of the Q1 spike that peaked above $4,000/kg in March. This pullback reflects typical gold market behavior after a rapid rally, as producers and traders capitalized on elevated prices earlier in the year. The volume rebound indicates strong export activity, aligning with Chile’s role as a consistent gold supplier despite price volatility.

External Context and Outlook

The implementation of the EU-Chile Interim Trade Agreement [European Commission] in February 2025 streamlined origin procedures for Gold Bullion exports under the REX system, supporting trade flow stability. While no new restrictions emerged in May, broader macroeconomic factors—including dollar strength and shifting safe-haven demand—likely contributed to the price correction. Chile’s export pipeline remains robust, backed by diversified demand and favorable trade terms.

Chile Gold Bullion (HS 7108) 2025 May Export: HS Code Breakdown

Product Specialization and Concentration

Chile's Gold Bullion export under HS Code 7108 in May 2025 is heavily concentrated in one sub-code, 71081219, which accounts for over 99% of the weight and 78% of the value. This sub-code, described as unwrought gold, has a unit price of 2,275 US dollars per kilogram, indicating a bulk commodity focus. A separate sub-code, 71081220, shows a unit price of zero and is isolated as an anomaly due to its negligible impact on trade flows.

Value-Chain Structure and Grade Analysis

The remaining sub-codes reveal a clear split in product grades. The dominant 71081219 represents standard unwrought gold traded as a bulk commodity, while 71081211, with a much higher unit price of 91,443 US dollars per kilogram, suggests a high-purity or specialized grade. This structure points to a mix of fungible bulk and differentiated high-value products within Chile's Gold Bullion exports.

Strategic Implication and Pricing Power

For Chile Gold Bullion HS Code 7108 Export 2025 May, the high-unit-price segment offers stronger pricing power and margin potential. Exporters should prioritize high-grade gold to capitalize on value over volume, aligning with global demand for premium commodities. No recent policy changes directly affect this strategy, based on available information.

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Chile Gold Bullion (HS 7108) 2025 May Export: Market Concentration

Geographic Concentration and Dominant Role

Switzerland dominates Chile's Gold Bullion HS Code 7108 exports for 2025 May, taking 79.47% of the total value but only 57.37% of the weight. This large gap between value share and weight share means Swiss buyers pay a much higher price per kilogram, showing they buy the highest grade of bullion.

Partner Countries Clusters and Underlying Causes

Two clear country groups stand out. The United States forms a high-value cluster, with a 20.53% value share from just 0.86% of the weight, indicating purchases of very pure, premium bullion. India and Canada form a bulk commodity cluster, together taking over 40% of the shipment weight but with no reported value data, suggesting these are larger-volume, lower-unit-price transactions, likely for refining or central bank reserves.

Forward Strategy and Supply Chain Implications

For sellers, this split means keeping a two-track strategy: aim for high-margin niche markets like the U.S. and Switzerland, and keep volume channels open with India and Canada. The new EU-Chile trade deal that started in February 2025 [European Commission] is a chance to build a new premium market in Europe, which could help reduce future reliance on the existing top buyers.

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Chile Gold Bullion (HS 7108) 2025 May Export: Buyer Cluster

Buyer Market Concentration and Dominance

In the Chile Gold Bullion Export for 2025 May under HS Code 7108, the buyer market is extremely concentrated, with one segment of buyers—those making high-value and high-frequency purchases—dominating entirely. This group accounts for 100% of the export value and nearly all quantity and weight, indicating a market driven by a few large, regular buyers like major mining companies. The overall market for May 2025 is characterized by infrequent but massive transactions, with median activity skewed toward high-value deals.

Strategic Buyer Clusters and Trade Role

The other segments show minimal activity. Buyers with high-value but low-frequency purchases represent a tiny share, suggesting occasional large orders, possibly from investors or specialty firms. Buyers with low-value and high-frequency or low-value and low-frequency patterns are absent, meaning there are no small, regular purchasers or infrequent small buyers in this market. For a commodity like gold bullion, this structure points to a trade dominated by industrial-scale operations rather than retail or diversified demand.

Sales Strategy and Vulnerability

For exporters in Chile, the strategy must focus on nurturing relationships with the dominant high-value, high-frequency buyers to secure steady revenue, but this creates vulnerability to demand shifts from these few clients. The recent EU-Chile Interim Trade Agreement, which simplifies origin proofs for gold exports [European Commission], offers an opportunity to explore new markets and reduce dependency. Sales should prioritize bulk, contract-based models aligned with this buyer concentration.

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Chile Gold Bullion (HS 7108) 2025 May Export: Action Plan for Gold Bullion Market Expansion

Strategic Supply Chain Overview

The Chile Gold Bullion Export 2025 May under HS Code 7108 reveals a market driven by two core price drivers: product grade and buyer concentration. High-purity gold commands premium prices in markets like Switzerland and the United States, while bulk-grade shipments flow to volume buyers like India and Canada. This creates a supply chain implication where Chile acts as a secure supplier of both high-value and high-volume gold, but faces vulnerability due to reliance on a few large, industrial-scale buyers. The recent EU-Chile trade agreement offers a new channel to diversify demand and enhance supply chain resilience.

Action Plan: Data-Driven Steps for Gold Bullion Market Execution

• Segment buyers by purchase frequency and value using trade data to identify and secure long-term contracts with high-value, high-frequency clients, ensuring stable revenue and reducing churn risk.
• Prioritize production and marketing of high-purity gold grades under HS Code 71081211 to target premium markets like the U.S. and Switzerland, maximizing profit margins per unit.
• Leverage the EU-Chile Interim Trade Agreement to explore new European buyers by analyzing import trends and customs data, reducing dependency on existing concentrated markets.
• Diversify export destinations by monitoring real-time trade flows to balance high-volume and high-value shipments, mitigating risks from geopolitical or demand shifts in key partner countries.

Take Action Now —— Explore Chile Gold Bullion Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Chile Gold Bullion Export 2025 May?

Chile's Gold Bullion exports surged in May 2025, with a 50% volume increase and 14.6% value rise, despite a 23.6% unit price drop. This reflects producers capitalizing on earlier high prices, with stable demand from major buyers like Switzerland and the U.S.

Q2. Who are the main partner countries in this Chile Gold Bullion Export 2025 May?

Switzerland dominates (79.5% of value), followed by the U.S. (20.5% of value). India and Canada form a bulk-commodity cluster, taking over 40% of shipment weight but with lower-grade bullion.

Q3. Why does the unit price differ across Chile Gold Bullion Export 2025 May partner countries?

Price gaps stem from product grades: Switzerland and the U.S. buy high-purity bullion (e.g., sub-code 71081211 at $91,443/kg), while India/Canada purchase bulk unwrought gold (71081219 at $2,275/kg).

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

Exporters should prioritize high-grade bullion for premium markets (Switzerland/U.S.) while maintaining volume contracts with bulk buyers. The EU-Chile trade deal offers a new diversification opportunity.

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

Swiss/U.S. buyers secure high-margin specialty gold, while Indian/Canadian buyers access bulk commodities. All face reliance on Chile’s concentrated supply, though the EU deal may ease future sourcing.

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

Gold Bullion exports serve dual purposes: high-purity grades for financial/investment markets (Switzerland/U.S.) and bulk unwrought gold for refining or central bank reserves (India/Canada).

Q7. What is yTrade?

yTrade is a global trade data platform that provides SaaS and API access to provide accurate, structured, and searchable import-export trade data for international business decisions. It enables users to access verified shipment records, analyse buyer and supplier activity, review company trade overviews, assess compliance risks, and monitor real market demand — all from a single, scalable system.

Q8. How can yTrade benefit my business?

yTrade helps businesses:

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Q9. What features does yTrade offer?

yTrade provides practical, trade-focused tools including:

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