Indonesia Precious Metals HS711319 Export Data 2025 September Overview

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

Indonesia’s Precious Metals (HS Code 711319) exports in September 2025 reveal a high-value focus, with Switzerland dominating as the top importer—capturing 64.6% of export value—indicating demand for premium jewelry over raw materials. The market shows strong geographic concentration, with Switzerland, Singapore, and UAE forming a high-value cluster, while smaller buyers like Thailand suggest diversified supply chain roles. This analysis, covering September 2025, is based on cleanly processed Customs data from the yTrade database.

Indonesia Precious Metals (HS 711319) 2025 September Export Background

Indonesia's Precious Metals (HS Code 711319) exports cover unwrought or semi-manufactured forms of gold, platinum, and other non-silver metals, critical for global jewelry and electronics industries due to their high value and industrial applications. While India recently restricted imports of such goods until April 2026 [A2ZTaxCorp], Indonesia remains a key supplier in 2025, leveraging its mining resources to meet steady September demand from manufacturing hubs.

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

Key Observations

Indonesia's Precious Metals exports under HS Code 711319 peaked sharply in September 2025, with a value of 1.53 billion USD and a volume of 14,320 kg, marking the highest monthly performance of the year.

Price and Volume Dynamics

The data shows a volatile but upward trend through 2025, with exports declining from January to April before surging in May and fluctuating through summer, culminating in September's record high. This pattern aligns with typical seasonal demand cycles for precious metals jewellery, where Q3 and Q4 often see increased exports due to festive and wedding seasons in key markets like India and China. The month-over-month jump from August to September—value up approximately 110% and volume up 86%—reflects strong pre-holiday stock replenishment and robust end-of-quarter activity, overshadowing earlier softness.

External Context and Outlook

This performance is likely bolstered by India's import restrictions on jewellery [A2ZTaxCorp], which may have diverted global demand to alternative suppliers like Indonesia. Looking ahead, sustained export strength will depend on continued seasonal demand and stable global precious metals prices, though any policy shifts in major markets could influence trade flows.

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

Product Specialization and Concentration

In September 2025, Indonesia's export of precious metals under HS Code 711319 is overwhelmingly dominated by sub-code 71131990, which accounts for 97% of the value and weight. This sub-code, described as jewellery of precious metal other than silver, has a unit price of approximately 106,645 US dollars per kilogram. The only other significant sub-code, 71131910, has a similar product description and a slightly higher unit price of about 110,887 US dollars per kilogram, but it holds only a 3% value share, indicating no extreme price anomalies that require isolation from the main analysis.

Value-Chain Structure and Grade Analysis

The sub-codes under HS Code 711319 both represent finished, high-value jewellery products, with no raw or semi-finished forms present. This structure confirms that Indonesia's export in this category is focused on differentiated manufactured goods, not bulk commodities tied to market indices. The minimal variation in unit prices between the two sub-codes suggests consistent quality and value-add stages, reinforcing a trade in premium, branded, or crafted items rather than fungible materials.

Strategic Implication and Pricing Power

For Indonesia Precious Metals HS Code 711319 Export in 2025 September, the concentration in high-value finished jewellery implies strong pricing power derived from craftsmanship and brand differentiation, rather than commodity pricing. Market players should focus on maintaining quality and exploring niche markets to sustain export value, as there are no indicated policy changes from Indonesia affecting this trade [GJEPC].

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

Geographic Concentration and Dominant Role

Indonesia Precious Metals HS Code 711319 Export 2025 September shows strong geographic concentration, with Switzerland dominating as the top importer, accounting for 64.60% of value and 61.97% of weight. The higher value ratio compared to weight ratio indicates that Switzerland imports higher-grade, more processed jewelry products, suggesting a focus on luxury or high-value items rather than raw materials.

Partner Countries Clusters and Underlying Causes

The importers form three clear clusters: high-value markets like Switzerland, Singapore, and UAE, which are financial hubs with demand for premium jewelry; medium-value destinations such as Jordan and Italy, likely driven by regional trade links or niche markets; and high-frequency but low-volume countries like Thailand and the US, possibly serving as re-export points or for component trade, reflecting diversified supply chain roles.

Forward Strategy and Supply Chain Implications

For Indonesia, this pattern supports targeting high-value markets like Switzerland to maximize returns, while monitoring clusters for stability. No new export restrictions were noted in September 2025 [GJEPC], allowing continued focus on quality and market expansion without immediate policy changes.

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

Strategic Supply Chain Overview

The Indonesia Precious Metals Export 2025 September under HS Code 711319 is defined by high-value finished jewelry. Price is driven by craftsmanship and brand differentiation, not commodity indices. Supply chains rely on assembly and technology, not raw processing. The market shows extreme buyer and geographic concentration. Switzerland dominates imports of premium goods. This creates pricing power but also vulnerability to demand shifts from key partners.

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

• Monitor order frequency of top Swiss buyers to anticipate demand changes and adjust production schedules, preventing overstock or shortages.
• Use HS Code 711319 sub-code data to track product mix and focus on high-margin items like 71131990, maximizing value per shipment.
• Analyze buyer clusters to identify new targets in medium-value markets like Jordan, reducing reliance on a single dominant partner.
• Review global policy updates monthly, especially in re-export hubs like UAE, to avoid disruptions from sudden import bans or restrictions.
• Track weight-value ratios by country to spot shifts toward lower-grade products, enabling quick strategy adjustments to protect premium positioning.

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 September?

The record-high export value of 1.53 billion USD in September 2025 is driven by seasonal demand surges for jewelry, particularly pre-holiday stock replenishment, and India's import restrictions diverting global demand to Indonesia.

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

Switzerland dominates with 64.60% of export value, followed by Singapore and UAE as high-value markets, while Thailand and the US serve as smaller, high-frequency destinations.

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

The unit price reflects Indonesia's focus on high-value finished jewelry (HS 71131990, 97% share), with Switzerland importing premium-grade items, while other markets may include re-exports or niche segments.

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

Exporters should prioritize relationships with dominant high-value, high-frequency buyers (92% of trade) while diversifying into infrequent bulk buyers to mitigate over-reliance risks.

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

Buyers in Switzerland and similar hubs benefit from stable premium supply, while smaller markets may face competition for limited high-value allocations due to concentrated trade flows.

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

Over 97% of exports are finished jewelry (HS 71131990), indicating end-use in luxury retail, branded craftsmanship, or high-value gifts rather than raw material processing.