2025 Jul Colombia Gold (HS 7108) Export Snapshot: Surge & Dip

July 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 mixed trends in July. Unit prices dropped 3.57% MoM to $76,546.53/kg, but export value surged 30.01% to $392.40M USD as volumes rebounded sharply (+34.82% MoM to 5.13K kg). The recovery follows June’s steep declines in both weight (-15.62%) and value (-15.28%). Price pressures persist despite the volume rebound, with July’s unit price remaining below May’s peak of $79,060.72/kg.

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 31.93% of value but only 24.89% of weight, signaling a premium market demanding higher-grade or processed gold. In contrast, Canada shows a bulk-hub profile (40.25% weight share vs. 29.72% value), suggesting raw material flows for refining. The UAE (19.29% value, 15.30% weight) reinforces this dual structure—premium demand in the West and intermediate processing in the East. Strategic takeaway: Colombia’s export mix balances high-value end-markets with cost-efficient bulk logistics.

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

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Colombia HS Code 7108 Breakdown & Value Logic

Colombia's HS Code 7108 exports are overwhelmingly dominated by unwrought gold (7108120000), accounting for 99.5% of shipments by frequency and 100% of value ($392M) in July 2025, per yTrade data. The absence of unit pricing for unwrought gold suggests a bulk-volume, low-margin market, while semi-manufactured gold (7108130000) is negligible at just 0.47% frequency. This breakdown confirms Colombia’s gold export strategy prioritizes raw, high-weight commodities over processed goods, aligning with global demand for unrefined precious metals.

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 July?

Colombia's gold exports surged 30.01% month-on-month to $392.40M in July, with volumes up 34.82% to 5.13K kg. Unit prices dipped 3.57% to $76,546.53/kg.

What are the top Export partners for Colombia Gold?

The United States ($117.38M), Canada ($109.26M), and the United Arab Emirates ($70.93M) were the top destinations for Colombian gold exports.

Who are the major Gold Buyers?

The market is concentrated among key refiners and traders, led by Asahi Refining Canada Ltd ($109.26M), Pro Star International FZE ($34.96M), and Dillon Gage Inc ($32.13M).

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****), which accounted for $392.39M of exports.