Indonesia Precious Metals HS711319 Export Data 2025 October Overview

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

Indonesia's Precious Metals exports (HS Code 711319) in October 2025 reveal a high-value trade concentrated in Singapore, which accounts for 77.18% of export value but only 10.80% of weight—indicating premium finished jewelry or high-grade products. The market structure is stable, with Singapore dominating as a luxury hub while UAE, Switzerland, and China Hongkong handle bulk or lower-grade shipments. Buyer risk remains high due to heavy reliance on Singapore, though opportunities exist to diversify into similar high-value markets. This analysis covers October 2025 and is based on cleanly processed Customs data from the yTrade database.

Indonesia Precious Metals (HS 711319) 2025 October Export Background

Indonesia’s Precious Metals (HS Code 711319), covering unwrought or semi-manufactured forms of gold and other non-silver metals, are vital for global jewelry and electronics industries due to their high value and stable demand. Recent policy shifts, like Indonesia’s 15% tariff on silver jewelry exports [Jewelry.co.id], hint at tighter trade controls for precious metals, though no direct changes for HS 711319 were confirmed by October 2025. As a key exporter, Indonesia’s role in this trade flow remains critical, especially with rising global demand for luxury and industrial applications.

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

Key Observations

In October 2025, Indonesia's export of Precious Metals under HS Code 711319 recorded a value of 1.13 billion USD with a volume of 3.05 thousand kg, marking a notable decline from the previous month's peak.

Price and Volume Dynamics

The month-over-month comparison shows a sharp decrease from September's 1.53 billion USD and 14.32 thousand kg, reflecting typical post-holiday demand softening in the jewelry industry, where Q3 often sees inventory buildup for festive seasons. This sequential drop aligns with seasonal cycles, as retailers reduce orders after peak periods, though the magnitude suggests additional external pressures.

External Context and Outlook

External factors, including a final 15% tariff on related silver jewelry exports [jewelry.co.id] and India's import restrictions on jewelry (a2ztaxcorp.net), likely exacerbated the volatility, potentially constraining near-term export growth for Indonesia Precious Metals HS Code 711319 in 2025.

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

Product Specialization and Concentration

In October 2025, Indonesia's Precious Metals export under HS Code 711319 is overwhelmingly concentrated in sub-code 7113199000, covering jewelry of precious metal other than silver, which commands a 97% value share. This dominance is underscored by a unit price nearly five times higher than the other sub-code, indicating a sharp focus on high-value, finished jewelry products rather than bulk or lower-grade items.

Value-Chain Structure and Grade Analysis

The export structure for Indonesia Precious Metals HS Code 711319 Export 2025 October reveals two distinct segments based on unit price: the high-value jewelry under 7113199000 and a lower-value category under 7113191000, which likely includes parts or less finished goods with a significantly lower price point. This bifurcation points to a trade in differentiated manufactured goods, where value is driven by craftsmanship and final product quality, not commodity-like bulk trading.

Strategic Implication and Pricing Power

Indonesia holds strong pricing power in the high-value jewelry segment of HS Code 711319 exports, allowing for premium positioning in global markets. Strategic efforts should prioritize maintaining quality standards and enhancing value addition to sustain this advantage, as the product nature supports higher margins compared to commodity exports.

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

Geographic Concentration and Dominant Role

In October 2025, Indonesia's export of Precious Metals under HS Code 711319 is heavily concentrated, with Singapore accounting for 77.18% of the value but only 10.80% of the weight. This large gap between value and weight ratios points to a high unit price, meaning Singapore likely buys finished jewelry or high-grade products from Indonesia.

Partner Countries Clusters and Underlying Causes

The top countries form three groups. First, Singapore alone takes high-value goods, probably for its luxury market. Second, UAE, Switzerland, and China Hongkong have bigger weight shares but smaller value shares, suggesting they might be hubs for moving bulk materials or lower-grade items. Third, the US and Thailand have many shipments but low value and weight, which could mean they handle distribution or re-exports to other places.

Forward Strategy and Supply Chain Implications

Indonesian exporters should keep focusing on high-value markets like Singapore to earn more from each sale. Since the trade setup is stable now, they can also look for similar buyers in other regions to spread risk and avoid depending too much on one country.

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

Strategic Supply Chain Overview

Indonesia Precious Metals Export 2025 October under HS Code 711319 is driven by high-value finished jewelry craftsmanship and major buyer contracts. Price depends on product finishing quality and stable orders from dominant clients. The supply chain acts as an assembly hub for premium goods, but faces high risk from over-reliance on a few large buyers and one key market (Singapore). This concentration creates vulnerability to demand shifts or client losses.

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

• Use HS Code sub-component data to track unit price shifts and adjust production toward higher-margin jewelry items. This maximizes revenue per shipment.
• Analyze buyer purchase frequency to anticipate order cycles from major clients and prevent inventory gaps. This ensures consistent fulfillment for core accounts.
• Map destination-specific value/weight ratios to identify new markets with similar high-value demand as Singapore. This reduces geographic dependency risk.
• Monitor tariff updates for cost-sensitive buyer segments and adjust pricing strategies accordingly. This protects competitiveness in price-driven niches.
• Leverage trade data to identify and engage secondary buyers with growth potential. This builds a more resilient and diversified client base.

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 October?

The decline in export value and volume reflects post-holiday demand softening, typical in the jewelry industry, compounded by external pressures like new tariffs and India’s import restrictions.

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

Singapore dominates with 77.18% of export value, followed by the UAE, Switzerland, and China Hongkong, which handle bulk or lower-grade items.

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

The price gap stems from product specialization: Singapore buys high-value finished jewelry (HS 7113199000), while others likely trade lower-grade or bulk items (HS 7113191000).

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

Exporters must prioritize relationships with dominant high-volume buyers (98.31% of trade) while diversifying to mitigate over-reliance on Singapore’s luxury market.

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

Singaporean buyers access premium jewelry, while UAE/Switzerland buyers act as hubs for bulk goods. Smaller buyers face limited influence due to extreme market concentration.

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

The exports are primarily high-value finished jewelry (97% share), indicating end-use in luxury retail rather than raw material trading.