2025 Apr Colombia Gold (HS7108) Export Snapshot: Price Rise

April Trend: Colombia Gold Export

Gold, classified under HS Code 7108 (Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form.), saw its unit price rise 4.16% MoM to $74,682.43/kg in April, while export value grew 2.25% to $351.25M despite a 1.83% drop in volume to 4.70K kg. The continued price surge reflects tightening global supply, compounded by new US tariffs on Colombian imports, including a 10% duty effective April 5. This marks the third consecutive month of rising prices, with cumulative gains of 15.7% since January.

Table: Colombia Gold Export Trend (Source: yTrade)

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Geographic Concentration & Market Logic

The United States dominates Colombia's gold exports, accounting for 33.45% of value but only 27.73% of weight, signaling a premium market demanding higher-grade or processed gold. The UAE (16.04% value, 13.23% weight) and Canada (18.07% value, 25.64% weight) show divergent roles—UAE as a premium buyer, Canada as a bulk hub for raw material processing. This value-volume gap reveals a dual-strategy supply chain: premium markets (US, UAE) drive margins, while bulk hubs (Canada) handle volume. The structure prioritizes value capture over speed, optimizing for high-margin destinations.

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

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Colombia HS Code 7108 Breakdown & Value Logic

yTrade data reveals 7108120000 (unwrought non-monetary gold) dominates Colombia's HS Code 7108 exports at 100% value share, with 4.7K kg shipped in April 2025 worth $351.25M. The absence of unit price data suggests bulk, low-margin trading—typical for raw gold exports—where volume, not premium quality, drives revenue. This aligns with Colombia’s role as a volume-focused gold exporter, prioritizing raw material shipments over processed or high-value variants. The remaining sub-codes are negligible, reinforcing a market skewed toward unrefined bulk trade.

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

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Colombia Gold Buyers List

Table: Colombia Gold (HS Code 7108) Top Buyers List (Source: yTrade)

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Frequently Asked Questions

How did Colombia Gold Export perform in April?

Colombia's gold exports rose 2.25% month-on-month to $351.25M in April, with unit prices climbing 4.16% to $74,682.43/kg despite a 1.83% drop in volume.

What are the top Export partners for Colombia Gold?

The U.S. ($107.87M), Canada ($58.27M), and UAE ($51.72M) accounted for 62% of Colombia’s gold exports by value in April.

Who are the major Gold Buyers?

Refiners dominated, with Asahi Refining Canada ($58.27M) and Dillon Gage ($44.04M) leading purchases.

What is the specific HS Code for this trade?

The data covers HS Code 7108, with significant activity in unwrought non-monetary gold (HS 710812).