Standard International Trade Classification
U.S. exports of Precious Metal Waste & Scrap, N.E.S. (SITC 28929) totaled $438.8M in August 2026.
Importers of Precious Metal Waste & Scrap, N.E.S. paid $56K in duties in August 2026, an average duty rate of 0.19% — duty actually collected as a share of the imports that cleared customs, not the published tariff schedule. Precious Metal Waste & Scrap, N.E.S. imports of $28.6M in August 2026 ran 19% above the year-to-date monthly average of $24.1M.
Last updated: August 2026 dataResidual precious metal scrap not elsewhere specified — including gold scrap, silver-clad base metal offcuts, and mixed PGM residues other than platinum-dominant material — is a catch-all category that captures the diverse secondary streams from jewelry manufacturing, electronics recycling, and industrial processing. Gold scrap is by far the most commercially significant component, with refinery offtake contracts priced against LBMA spot quotations. Because this heading covers metals clad with precious metal (other than gold or platinum cladding), importers must carefully distinguish between clad articles still in use and genuine end-of-life scrap to avoid misclassification. High declared values and the fungibility of precious metals make this category a focus of CBP valuation review.
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126 import shipments a month
This heading covers scrap of metals clad with precious metals other than gold or platinum — meaning gold-clad and platinum-clad scrap are excluded and classified under their respective dedicated headings. Scrap where the cladding metal is silver, palladium, rhodium, or another precious metal falls here. Importers dealing in mixed lots should have the material assayed and reviewed by a customs broker to ensure the correct heading is applied, as the distinction affects both duty treatment and valuation methodology.
CBP can challenge the declared value of precious metal scrap by referencing LBMA or LPPM spot prices and the assay-certified metal content. Undervaluation — whether through understating metal content or using below-market price references — can result in penalty assessments, seizure, and potential fraud referrals. Importers should use contemporaneous assay certificates and market-price references that align with the transaction date when preparing entry documentation.
Basic heading 6 of 239 in section 2
Basic heading 28929 · $438.8M of $7.8B
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Exports · August 2026
destination
Italy and United Kingdom together take 50% of it.
customs district
Census does not publish district detail for this classification system.
origin
Census does not publish state detail for this classification system.
entry
Census does not publish port detail for this classification system.
ImportsExports
Imports
$28.6MYoY · free account
Exports
$438.8MYoY · free account
12-mo low · imports
Low · free accountOver the twelve months to August 2026, the U.S. imported $270.9M of Precious Metal Waste & Scrap, N.E.S. and exported $4.8B.
Through August 2026. Source: U.S. Census Bureau.