Chile Gold HS710812 Export Data 2025 Q2 Overview

Chile Gold (HS 710812) 2025 Q2 Export: Key Takeaways

Chile Gold Export 2025 Q2 (HS Code 710812) reveals extreme geographic concentration, with Switzerland absorbing 80.91% of export value as a refining and financial hub, while the US pays a premium for high-grade gold. The market shows clear buyer clusters—Switzerland dominates volume, while the US commands higher margins, exposing supply chain risks if trade routes falter. This analysis covers Q2 2025 and is based on cleanly processed Customs data from the yTrade database.

Chile Gold (HS 710812) 2025 Q2 Export Background

What is HS Code 710812?

HS Code 710812 refers to Gold (including gold plated with platinum), unwrought, non-monetary, a high-value commodity primarily used in jewelry, electronics, and as a financial hedge. Its global demand remains stable due to its dual role as an industrial input and a store of value. Chile’s exports under this code, particularly gold powder and unwrought forms, are critical for refining hubs and manufacturing sectors worldwide.

Current Context and Strategic Position

In Q2 2025, Chile’s Gold HS Code 710812 Export faced significant market shifts, driven by the EU-Chile Interim Trade Agreement effective February 2025, which altered origin documentation and costs [ytrade.com]. Switzerland dominated shipments (80.91% of value), but export values dropped by ~32.5% from July to August 2025 due to price volatility [oec.world]. The U.S. emerged as a premium buyer by September, capturing 46.2% of export value at $86,100/kg [ytrade.com]. Chile’s role as a key supplier remains strategic, but market vigilance is essential amid geopolitical and trade policy uncertainties.

Chile Gold (HS 710812) 2025 Q2 Export: Trend Summary

Key Observations

In Q2 2025, Chile's exports of Gold under HS Code 710812 reached a total value of approximately 1.04 billion USD with a volume of 299.41 thousand kg, showing a mixed performance with value growth amid volume contraction.

Price and Volume Dynamics

Compared to Q1 2025, the value of Chile Gold HS Code 710812 Export 2025 Q2 increased by about 14%, while volume decreased by nearly 10%. This divergence points to higher unit prices, likely driven by gold's role as a safe-haven asset amid market volatility. The price surge noted in February [ytrade] persisted into Q2, reflecting typical gold market behavior where investment demand often outweighs physical shipment changes. The concentration of exports to Switzerland, a major refining hub, further supports this pattern of value-focused trade over volume.

External Context and Outlook

The EU-Chile Interim Trade Agreement effective February 2025 [OECD] altered origin rules and costs, contributing to the price stability issues in Q2. This policy shift, combined with gold's sensitivity to global economic uncertainties, suggests continued volatility ahead. The rise of the US as a key buyer later in the year (ytrade) indicates shifting demand patterns that could influence future quarters.

Chile Gold (HS 710812) 2025 Q2 Export: HS Code Breakdown

Product Specialization and Concentration

In 2025 Q2, Chile's gold exports under HS Code 710812 show strong specialization, with the sub-code for unwrought gold (71081219) dominating at nearly 80% of export value and over 99% of weight shipped, based on yTrade data. This sub-code has a unit price of 2,796 USD per kilogram, indicating a bulk commodity focus. A separate sub-code (71081220) with zero unit price is an anomaly and excluded from further analysis due to its negligible impact.

Value-Chain Structure and Grade Analysis

The remaining sub-codes fall into two clear groups: bulk unwrought gold (71081219) with lower unit prices, suggesting a fungible product tied to market indices, and a premium grade (71081211) with a much higher unit price of 92,660 USD per kilogram, indicating differentiated, high-value gold. This structure points to a dual market where Chile exports both standard bulk gold and specialized high-grade gold, with the latter commanding premium pricing.

Strategic Implication and Pricing Power

For Chile Gold HS Code 710812 Export 2025 Q2, the bulk segment faces low pricing power due to commodity nature, while the premium grade offers higher margins. Strategic focus should prioritize high-grade exports to leverage price advantages, supported by external factors like trade agreements [FreightAmigo] and market volatility that affect gold trade flows.

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Chile Gold (HS 710812) 2025 Q2 Export: Market Concentration

Geographic Concentration and Dominant Role

Chile Gold HS Code 710812 Export 2025 Q2 is extremely concentrated, with Switzerland accounting for 80.91% of the total export value. The small gap between its value share (80.91%) and weight share (75.34%) indicates it pays near-market rates for this commodity, acting as a primary refining and financial hub for the bulk of Chile's gold [yTrade].

Partner Countries Clusters and Underlying Causes

Two distinct buyer clusters emerge. The first is a high-value, low-volume group featuring the United States; its value share (19.09%) is massively disproportionate to its weight share (1.03%), signaling it pays a significant premium for specialized, high-grade gold. The second cluster includes India and Canada, which have substantial weight shares (16.66% and 6.97%) but unreported values, suggesting they may be price-sensitive buyers or destinations for gold with different purity levels for direct industrial consumption.

Forward Strategy and Supply Chain Implications

This heavy reliance on Switzerland creates supply chain risk if geopolitical or trade issues disrupt that route. To build resilience, Chilean exporters should prioritize developing more premium sales to markets like the US, which paid over $86,000 per kilogram in a recent month, and secure long-term contracts to guard against the price volatility noted in 2025 [yTrade]. The new EU-Chile trade agreement also makes it crucial to ensure all origin documentation for European shipments is flawless to maintain market access.

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Chile Gold (HS 710812) 2025 Q2 Export: Action Plan for Gold Market Expansion

Strategic Supply Chain Overview

The Chile Gold Export 2025 Q2 under HS Code 710812 operates in a dual market. Price is driven by product grade and buyer geography. Bulk unwrought gold trades at commodity prices tied to global indices. Premium high-grade gold commands significant price premiums, especially from markets like the United States.

Supply chain implications are significant. Heavy reliance on Switzerland as a refining hub creates concentration risk. Geopolitical or trade disruptions could severely impact revenue. The market's extreme buyer concentration further increases vulnerability to demand shifts from a few key clients.

Action Plan: Data-Driven Steps for Gold Market Execution

• Use HS Code sub-code data to separate bulk and premium gold shipments. This allows for targeted pricing strategies that maximize revenue from high-value buyers.
• Analyze Swiss shipment patterns to forecast demand cycles and avoid over-reliance. This mitigates supply chain risk if trade flows are disrupted.
• Leverage buyer frequency data to identify and secure long-term contracts with high-volume clients. This ensures stable revenue despite market price volatility.
• Target premium markets like the US with dedicated high-grade gold sales strategies. This captures higher margins and diversifies the export base away from bulk commodity dependence.
• Ensure all origin documentation complies with new EU-Chile trade agreements for future European shipments. This maintains market access and prevents costly delays or rejections.

Take Action Now —— Explore Chile Gold Export Data

Frequently Asked Questions

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

The value of Chile's gold exports rose 14% in Q2 2025 despite a 10% volume drop, reflecting higher unit prices due to gold's safe-haven demand amid market volatility. Switzerland's dominance as a refining hub and the US's premium payments for high-grade gold further shaped trade patterns.

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

Switzerland accounted for 80.91% of export value, followed by the US at 19.09%. India and Canada handled significant weight shares but minimal reported value, indicating divergent buyer priorities.

Q3. Why does the unit price differ across Chile Gold Export 2025 Q2 partner countries?

Price gaps stem from product specialization: bulk unwrought gold (71081219) trades at ~2,796 USD/kg, while premium-grade gold (71081211) commands ~92,660 USD/kg, attracting buyers like the US willing to pay for high purity.

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

Exporters must prioritize high-grade gold sales to premium markets (e.g., the US) and deepen ties with dominant bulk buyers (e.g., Switzerland) while mitigating overreliance on single destinations through trade agreements.

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

Swiss buyers benefit from stable bulk supply, while US buyers secure high-margin refined gold. Price-sensitive buyers (e.g., India, Canada) may face limited access to premium grades due to Chile's focus on high-value segments.

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

Chile's exports serve dual purposes: bulk unwrought gold feeds refining/financial hubs (Switzerland), while premium-grade gold meets specialized industrial or investment demand (US). The negligible small-buyer activity confirms gold's role as a large-scale commodity.

Detailed Monthly Report

Chile HS710812 Export Snapshot 2025 APR

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Chile HS710812 Export Snapshot 2025 JUN