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SITCSection 2
U.S. imports of precious metal waste & scrap, n.e.s. (SITC 28929) totaled $22.0M in April 2026, traded with 22 countries.
Importers of Precious Metal Waste & Scrap, N.E.S. paid $27K in duties in April 2026 — an effective duty rate of 10% on $270K in dutiable value, based on actual customs collections rather than the published tariff schedule. Precious Metal Waste & Scrap, N.E.S. imports of $22.0M in April 2026 ran 12% below the year-to-date monthly average of $24.9M.
Last updated: April 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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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.
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| Country | Imports | Exports | Balance |
|---|---|---|---|
| UNITED KINGDOM | $79K | $113.6M | +$113.5M |
| ITALY | -- | $109.9M | +$109.9M |
| CANADA | $11.2M | $65.0M | +$53.8M |
| GERMANY | $15K | $61.4M | +$61.4M |
| BELGIUM | -- | $32.7M | +$32.7M |
Monthly import values over time