2025 Jan Colombia Gold (HS7108) Export Snapshot: Price Surge

January Trend: Colombia Gold Export

Gold, classified under HS Code 7108 (Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form.), recorded $328.56M in export value for January, with a volume of 5.09K kg at an average unit price of $64,542.17/kg. The data marks the first reported figures for this trade flow, with no prior comparison available. The U.S. is set to impose a 25% tariff on Colombian goods starting January 26, which could disrupt future gold trade dynamics.

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 44.7% of value but only 43.1% of weight, indicating a slight premium market for higher-grade or processed gold. The UAE follows as a secondary hub (19.4% value, 16.3% weight), reinforcing a diversified but value-weighted trade structure. Notably, China Hongkong and South Africa show higher weight shares (18.5%, 10.3%) than value (16.0%, 7.0%), suggesting bulk transit or refining roles. The absence of extreme value-volume gaps implies Colombia’s exports are balanced between raw and processed gold, with no single market dictating pricing power. This structure points to moderate diversification but reliance on the U.S. for premium demand.

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 unwrought gold (7108120000) dominates Colombia’s HS Code 7108 exports at 96.6% value share (317.45M USD), dwarfing semi-manufactured gold (3.4% share), with negligible unit price variance (both null). This skew toward raw, bulk shipments—97.2% of total weight—highlights a low-value, volume-driven market for Colombia HS Code 7108 exports, prioritizing quantity over processed premium goods. The absence of unit price data suggests standardized pricing, reinforcing a commodity-driven trade flow.

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 January?

Colombia exported $328.56M worth of gold in January, totaling 5.09K kg at an average unit price of $64,542.17/kg.

What are the top Export partners for Colombia Gold?

The top three destinations were the United States ($119.94M), United Arab Emirates ($52.06M), and China Hongkong ($42.88M).

Who are the major Gold Buyers?

Key buyers included Asahi Refining USA Inc ($35.49M), Dillon Gage Inc ($34.33M), and Osprey Metals S.A.S ($30.92M), indicating a mix of refining and trading firms.

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****), accounting for $317.45M of exports.