HS Code:
Base metals clad with silver, not further worked than semi-manufactured (HS Code: 7107) refers to products where base metals such as copper, nickel, or other alloys are coated or clad with silver. These products are typically in semi-manufactured forms like sheets, strips, or wire, and are used in industries such as electronics, jewelry, and industrial applications for their conductive and aesthetic properties. This category excludes fully manufactured goods or items further processed beyond semi-manufactured states.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand in electronics industry
Increased use of silver-clad base metals in conductive components like connectors and circuit boards due to silver's high conductivity.
2021-2022
Fluctuating silver prices
Volatility in raw material costs affects production and trade margins, leading to price instability in the market.
2020-2022
Shift towards sustainable materials
Growing preference for eco-friendly production methods and recycling of silver-clad materials to reduce environmental impact.
2022
The European Union introduced stricter environmental regulations on the production and import of silver-clad base metals to minimize ecological footprints.
March 2023
Manufacturers may face higher compliance costs, potentially increasing prices in the EU market.
A recent amendment in the US-China trade agreement reduced tariffs on semi-manufactured silver-clad products, boosting bilateral trade.
January 2023
Increased export opportunities for Chinese manufacturers to the US market.
New cladding technologies have emerged, allowing for thinner silver layers without compromising conductivity, reducing material costs.
September 2022
Potential for wider adoption in cost-sensitive industries, driving trade volume growth.