Indonesia Precious Metals HS711319 Export Data 2025 March Overview

Indonesia Precious Metals (HS 711319) 2025 March Export: Key Takeaways

Indonesia's Precious Metals export under HS Code 711319 in March 2025 reveals a high-value product profile, with Switzerland dominating as the top importer (31.24% share) at premium unit prices, signaling finished jewelry demand. The market shows strong geographic concentration, with Switzerland and the UAE as luxury hubs, while emerging clusters like Jordan and Singapore offer diversification potential. This analysis is based on cleanly processed Customs data from the yTrade database, covering March 2025.

Indonesia Precious Metals (HS 711319) 2025 March Export Background

Indonesia's Precious Metals (HS Code 711319) exports, covering unwrought or semi-manufactured forms of gold, platinum, and other precious metals (excluding silver), fuel global jewelry and electronics industries due to their high demand for luxury goods and industrial applications. Recent trade restrictions, like India's DGFT import curbs on jewelry until April 2026 [A2ZTaxCorp], highlight shifting supply chains, positioning Indonesia’s 2025 March exports as a critical alternative for buyers. The country’s mining output and refining capacity make it a key player in meeting global precious metal needs.

Indonesia Precious Metals (HS 711319) 2025 March Export: Trend Summary

Key Observations

Indonesia's Precious Metals exports under HS Code 711319 for March 2025 totaled $336.99 million in value and 4.56 thousand kilograms in volume. This represents a notable sequential decline from the previous month.

Price and Volume Dynamics

Both export value and volume fell sharply month-over-month, with value dropping 18% from February's $411.71 million and volume declining 19% from 5.60 thousand kilograms. This contraction interrupts what might otherwise be a stable quarterly pattern for precious metals exports, which often see steady demand outside of traditional seasonal peaks. The sequential weakening suggests external pressures overshadowed typical market fundamentals during this period.

External Context and Outlook

The decline aligns directly with India's Directorate General of Foreign Trade imposing immediate restrictions on jewelry imports [A2ZTaxCorp]. As a major destination for Indonesian precious metal products, India's policy shift likely disrupted trade flows and dampened March export performance. Looking ahead, market participants will monitor whether other buyers absorb redirected supply or if trade remains subdued under these new regulatory conditions.

Indonesia Precious Metals (HS 711319) 2025 March Export: HS Code Breakdown

Product Specialization and Concentration

Indonesia's Precious Metals HS Code 711319 Export in March 2025 is heavily concentrated in sub-code 71131990, which covers jewellery of precious metal excluding silver. This sub-code represents over 95% of the export value and weight, with a unit price of about 73,572 USD per kilogram. The only other sub-code, 71131910, has a slightly higher unit price of 81,671 USD per kilogram but accounts for less than 5% of the trade.

Value-Chain Structure and Grade Analysis

The export structure under HS Code 711319 for Indonesia in March 2025 involves high-value finished jewellery products. Both sub-codes are for similar items, but the price difference suggests that 71131910 may be a higher-grade or more refined version. This indicates a trade in differentiated manufactured goods, not bulk commodities, with quality variations driving pricing.

Strategic Implication and Pricing Power

For exporters of Indonesia Precious Metals under HS Code 711319, the high unit prices and product differentiation support strong pricing power. Focus should be on maintaining quality and leveraging the value-added nature of jewellery to compete effectively in international markets.

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Indonesia Precious Metals (HS 711319) 2025 March Export: Market Concentration

Geographic Concentration and Dominant Role

In March 2025, Indonesia's export of Precious Metals under HS Code 711319 is heavily concentrated, with Switzerland as the dominant importer, accounting for 31.24% of the total export value. The value ratio exceeds the weight ratio (31.24 vs. 24.35), indicating a higher unit price of approximately 94.85 USD per kilogram, which points to premium, high-value jewelry products rather than raw materials.

Partner Countries Clusters and Underlying Causes

The importers form three clear clusters: first, Switzerland and the United Arab Emirates, both with high value and weight shares, likely serving as luxury markets for finished jewelry. Second, Jordan, Singapore, Thailand, and China Hongkong, with moderate ratios, probably act as regional distribution hubs or have growing consumer demand. Third, the United States, Italy, Mexico, and Vietnam, with lower value shares but varied frequency, suggesting smaller, frequent orders for mass-market or accessory parts.

Forward Strategy and Supply Chain Implications

For Indonesian exporters, prioritizing high-value markets like Switzerland and the UAE can maximize returns, while maintaining quality standards is crucial for premium segments. Diversifying into clusters with growth potential, such as Jordan or Singapore, could reduce dependency on top partners. Supply chains should focus on efficient logistics for frequent shipments to markets like the US, ensuring timely delivery without compromising on product finish.

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Indonesia Precious Metals (HS 711319) 2025 March Export: Action Plan for Precious Metals Market Expansion

Strategic Supply Chain Overview

Indonesia Precious Metals Export 2025 March under HS Code 711319 is defined by high-value finished jewelry trade. Price is driven by product specification and quality differentiation, not bulk commodity factors. The market shows extreme concentration in both buyers and destinations. A single buyer group dominates 76% of value, while Switzerland leads importers with premium unit prices. This creates pricing power but also high dependency risk. Supply chains must prioritize quality control and flexible logistics to serve both large luxury markets and smaller frequent orders.

Action Plan: Data-Driven Steps for Precious Metals Market Execution

• Negotiate long-term contracts with top-tier buyers using order history data. This secures stable revenue and reduces negotiation cycles for HS Code 711319 exports.
• Diversify buyer portfolio by targeting high-value infrequent clusters in regions like Jordan or Singapore. This minimizes over-reliance on dominant partners and taps into growth markets.
• Optimize shipment schedules for the US and Vietnam using frequency analytics. This ensures timely delivery for smaller, regular orders without inventory bottlenecks.
• Monitor trade policy portals weekly for changes in key markets like India or the UAE. This allows quick adaptation to new restrictions or opportunities, protecting export flow.

Take Action Now —— Explore Indonesia Precious Metals Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Indonesia Precious Metals Export 2025 March?

A sharp 18% decline in export value and 19% drop in volume occurred in March 2025, primarily due to India's sudden restrictions on jewelry imports, disrupting trade flows for Indonesian exporters.

Q2. Who are the main partner countries in this Indonesia Precious Metals Export 2025 March?

Switzerland dominates with 31.24% of export value, followed by the UAE, both serving as luxury markets for high-value jewelry. Regional hubs like Jordan and Singapore account for smaller but significant shares.

Q3. Why does the unit price differ across Indonesia Precious Metals Export 2025 March partner countries?

The price gap stems from product differentiation: sub-code 71131910 (higher-grade jewelry) commands 81,671 USD/kg, while 71131990 (standard jewelry) averages 73,572 USD/kg, reflecting quality variations.

Q4. What should exporters in Indonesia focus on in the current Precious Metals export market?

Exporters must prioritize relationships with dominant high-value buyers (76.48% of trade) while diversifying into emerging markets like Jordan to reduce reliance on concentrated destinations like Switzerland.

Q5. What does this Indonesia Precious Metals export pattern mean for buyers in partner countries?

Buyers in premium markets (e.g., Switzerland) benefit from consistent high-quality supply, while those in smaller clusters face variable access, requiring flexibility to adapt to trade disruptions.

Q6. How is Precious Metals typically used in this trade flow?

Indonesia primarily exports finished jewelry under HS Code 711319, with differentiated products like high-grade and standard jewelry parts catering to luxury and mass-market demand.