Subheading 7108.12 · Section XIV

7108.12

Metals; gold, non-monetary, unwrought (but not powder)

71 Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

7108 Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form

7108.12 Gold, non-monetary, unwrought (but not powder)

India's exports of 7108.12 2025

US$ 703 mn

exported in 2025, up 122.3% on 2024, to 5 countries.

Five-year trend

2021: US$ 5.3 mn

2022: US$ 74.8 mn

2023: US$ 73.9 mn

2024: US$ 316 mn

2025: US$ 703 mnUS$ 703 mn

20212022202320242025

Top 5 markets in 2025

1 United States US$ 615 mn87.5% share new
2 United Arab Emirates US$ 76.5 mn10.9% share +172.6%
3 Switzerland US$ 11.1 mn1.6% share −95.0%
4 Hong Kong US$ 148 thousand0.0% share −91.5%
5 United Kingdom US$ 10 thousand0.0% share +3,911.8%

Source: UN Comtrade database (United Nations Statistics Division), as reported by India. Values in US$, calendar years. Updated Oct 2026. Check these markets' country risk ›

Where India sells it 11 markets

Every market for this product, with its growth, share, ECGC rating and any trade agreement with India. Use it to spot markets that are growing, sizeable and low-risk.

Region ECGC rating Trade agreement in force Growing

Market	Value 2025	Share	Change	Yearly growth	ECGC rating	Trade agreement

ECGC ratings are ECGC's short-term country classification (see the ratings page); putting them beside trade figures is Exportsmitra's own analysis, not ECGC's. Yearly growth is the average over the years shown.

Other subheadings under 7108

India against its competitors heading 7108

India's share of each market's imports of 7108, and who else sells there.

Market	Its imports	India's share	Leading suppliers
United Arab Emirates 2023 🇹🇷 Turkey16% 🇬🇳 Guinea11% 🇨🇭 Switzerland9.1% 🇲🇱 Mali6.3% 🇬🇭 Ghana4.2% 🇹🇬 Togo3.5% 🇮🇳 India0.2% · 51st	76.8 bn	0.2%51st	Turkey 16% Guinea 11%
Switzerland 2025 🇺🇸 United States24% 🇦🇪 United Arab Emirates22% 🇨🇦 Canada4.2% 🇮🇹 Italy4.0% 🇩🇪 Germany3.5% 🇦🇺 Australia3.2% 🇮🇳 India<0.1% · 56th	211 bn	<0.1%56th	United States 24% United Arab Emirates 22%
United Kingdom 2025 🇨🇭 Switzerland27% 🇨🇦 Canada19% 🇺🇸 United States15% 🇿🇦 South Africa8.6% 🇦🇺 Australia7.6% 🇺🇿 Uzbekistan6.6% 🇮🇳 India<0.1% · 25th	155 bn	<0.1%25th	Switzerland 27% Canada 19%
Hong Kong 2025 🇦🇪 United Arab Emirates28% 🇨🇳 China23% 🇯🇵 Japan13% 🇷🇺 Russia10% 🇺🇸 United States6.1% 🇦🇺 Australia6.0% 🇮🇳 India<0.1% · 32nd	102 bn	<0.1%32nd	United Arab Emirates 28% China 23%
Malaysia 2025 🇸🇬 Singapore27% 🇦🇪 United Arab Emirates27% 🇨🇭 Switzerland24% 🇭🇰 Hong Kong9.5% 🇦🇺 Australia3.7% 🇨🇳 China3.2% 🇮🇳 India0.2% · 12th	4.61 bn	0.2%12th	Singapore 27% United Arab Emirates 27%
Germany 2025 🇨🇭 Switzerland50% 🇺🇸 United States6.9% 🇳🇱 Netherlands6.1% 🇫🇷 France3.2% 🇨🇦 Canada2.1% 🇬🇧 United Kingdom2.1% 🇮🇳 India<0.1% · 24th	13.6 bn	<0.1%24th	Switzerland 50% United States 6.9%
United States 2025 🇨🇭 Switzerland27% 🇨🇦 Canada21% 🇦🇺 Australia13% 🇲🇽 Mexico9.6% 🇿🇦 South Africa6.2% 🇨🇴 Colombia6.0% 🇮🇳 India<0.1% · 33rd	30.2 bn	<0.1%33rd	Switzerland 27% Canada 21%
China 2025 🇭🇰 Hong Kong26% 🇨🇭 Switzerland25% 🇨🇦 Canada11% 🇿🇦 South Africa9.2% 🇦🇺 Australia8.6% 🇰🇬 Kyrgyzstan4.8% 🇮🇳 India<0.1% · 29th	102 bn	<0.1%29th	Hong Kong 26% Switzerland 25%
Thailand 2025 🇨🇭 Switzerland27% 🇭🇰 Hong Kong20% 🇦🇪 United Arab Emirates18% 🇨🇳 China16% 🇸🇬 Singapore5.8% 🇦🇺 Australia3.1% 🇮🇳 India<0.1% · 28th	20.9 bn	<0.1%28th	Switzerland 27% Hong Kong 20%
Canada 2025 🇵🇪 Peru25% 🇧🇷 Brazil19% 🇨🇭 Switzerland13% 🇿🇦 South Africa7.2% 🇺🇸 United States6.2% 🇲🇷 Mauritania5.8% 🇮🇳 India<0.1% · 32nd	16.4 bn	<0.1%32nd	Peru 25% Brazil 19%

The markets that buy the most 7108 where India has under 5%: openings, or where others are stronger.

Market	Its imports	India's share	Leading suppliers
Switzerland 2025 🇺🇸 United States24% 🇦🇪 United Arab Emirates22% 🇨🇦 Canada4.2% 🇮🇹 Italy4.0% 🇩🇪 Germany3.5% 🇦🇺 Australia3.2% 🇮🇳 India<0.1% · 56th	211 bn	<0.1%56th	United States 24% United Arab Emirates 22%
United Kingdom 2025 🇨🇭 Switzerland27% 🇨🇦 Canada19% 🇺🇸 United States15% 🇿🇦 South Africa8.6% 🇦🇺 Australia7.6% 🇺🇿 Uzbekistan6.6% 🇮🇳 India<0.1% · 25th	155 bn	<0.1%25th	Switzerland 27% Canada 19%
China 2025 🇭🇰 Hong Kong26% 🇨🇭 Switzerland25% 🇨🇦 Canada11% 🇿🇦 South Africa9.2% 🇦🇺 Australia8.6% 🇰🇬 Kyrgyzstan4.8% 🇮🇳 India<0.1% · 29th	102 bn	<0.1%29th	Hong Kong 26% Switzerland 25%
Hong Kong 2025 🇦🇪 United Arab Emirates28% 🇨🇳 China23% 🇯🇵 Japan13% 🇷🇺 Russia10% 🇺🇸 United States6.1% 🇦🇺 Australia6.0% 🇮🇳 India<0.1% · 32nd	102 bn	<0.1%32nd	United Arab Emirates 28% China 23%
United Arab Emirates 2023 🇹🇷 Turkey16% 🇬🇳 Guinea11% 🇨🇭 Switzerland9.1% 🇲🇱 Mali6.3% 🇬🇭 Ghana4.2% 🇹🇬 Togo3.5% 🇮🇳 India0.2% · 51st	76.8 bn	0.2%51st	Turkey 16% Guinea 11%
United States 2025 🇨🇭 Switzerland27% 🇨🇦 Canada21% 🇦🇺 Australia13% 🇲🇽 Mexico9.6% 🇿🇦 South Africa6.2% 🇨🇴 Colombia6.0% 🇮🇳 India<0.1% · 33rd	30.2 bn	<0.1%33rd	Switzerland 27% Canada 21%
Turkey 2025 🇨🇭 Switzerland56% 🇦🇪 United Arab Emirates33% 🇧🇴 Bolivia2.7% 🇺🇸 United States2.2% 🇮🇹 Italy2.0% 🇵🇪 Peru1.2%	23.1 bn	–not sold	Switzerland 56% United Arab Emirates 33%
Thailand 2025 🇨🇭 Switzerland27% 🇭🇰 Hong Kong20% 🇦🇪 United Arab Emirates18% 🇨🇳 China16% 🇸🇬 Singapore5.8% 🇦🇺 Australia3.1% 🇮🇳 India<0.1% · 28th	20.9 bn	<0.1%28th	Switzerland 27% Hong Kong 20%
Singapore 2025 🇨🇭 Switzerland23% 🇭🇰 Hong Kong13% 🇯🇵 Japan12% 🇦🇺 Australia9.3% 🇺🇸 United States8.5% 🇰🇭 Cambodia8.2% 🇮🇳 India<0.1% · 39th	20.3 bn	<0.1%39th	Switzerland 23% Hong Kong 13%
Canada 2025 🇵🇪 Peru25% 🇧🇷 Brazil19% 🇨🇭 Switzerland13% 🇿🇦 South Africa7.2% 🇺🇸 United States6.2% 🇲🇷 Mauritania5.8% 🇮🇳 India<0.1% · 32nd	16.4 bn	<0.1%32nd	Peru 25% Brazil 19%

US$ million. Each market's own import figures as reported to UN Comtrade (the year shown; some countries report late), so they differ from India's export figures above. Open a market for its six biggest suppliers. Exportsmitra's figures, not ECGC's.

Source: Harmonized System 2022 edition (World Customs Organization), from the UN Comtrade classification list.