SITCSection 9
U.S. imports of nonmonetary gold — unwrought, semimanufactured, or powder (SITC 97101) totaled $1.3B in April 2026, traded with 52 countries.
Importers of Nonmonetary Gold — Unwrought, Semimanufactured, or Powder paid $92K in duties in April 2026 — an effective duty rate of 4.6% on $2.0M in dutiable value, based on actual customs collections rather than the published tariff schedule. Nonmonetary Gold — Unwrought, Semimanufactured, or Powder imports of $1.3B in April 2026 ran 19% below the year-to-date monthly average of $1.6B.
Last updated: April 2026 dataNonmonetary gold in unwrought bars, grain, sponge, powder, and semimanufactured forms is a primary feedstock for jewelry manufacturing, electronics, and dental applications, and its trade is closely watched by financial regulators because of gold's dual role as a commodity and a reserve asset. Shipments must be clearly distinguished from monetary gold — which moves outside normal customs channels — by documentation confirming the gold is destined for industrial or commercial use. Large-value consignments may trigger FinCEN currency-instrument reporting obligations, and importers should confirm whether the form presented (e.g., grain versus bar versus rolled sheet) aligns with the intended SITC 97101 classification versus a more processed semimanufacture heading.
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Monetary gold is gold held or transferred between central banks and monetary authorities and moves outside standard merchandise entry procedures. Nonmonetary gold — destined for industrial, jewelry, or investment fabrication — requires a formal CBP entry. Importers should carry commercial invoices and, where applicable, refinery assay certificates confirming fineness and intended use to support the nonmonetary classification.
Both grain and powder fall within 97101 as unwrought or powder forms, but the physical presentation affects downstream HTS subheading selection. Assay certificates stating fineness (typically expressed as parts per thousand), weight, and form — along with the refinery or mint of origin — are the standard supporting documents. If the gold has been rolled, drawn, or otherwise worked beyond a semimanufactured state, it may fall outside this heading entirely.
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| Country | Imports | Exports | Balance |
|---|---|---|---|
| SWITZERLAND | $106.0M | $5.9B | +$5.8B |
| HONG KONG | $963K | $2.7B | +$2.7B |
| UNITED KINGDOM | $1.9M | $1.1B | +$1.1B |
| SINGAPORE | $1.6M | $657.1M | +$655.5M |
| CANADA | $184.1M | $242.1M | +$58.0M |
Monthly import values over time