Consistent Export Growth: 5.17% CAGR Over 7 Years
India's exports under HSN Chapter 02 have grown at a compound annual rate of 5.17% over 7 fiscal years, rising from ₹26,033.92 Crore in FY 2018-19 to ₹35,225.80 Crore in FY 2024-25.
02 HSN Code: Meat and Edible Offal
HSN Chapter 02 represents Meat and Edible Offal under GST classification. This code helps businesses identify Meat and Edible Offal correctly for billing, taxation, and trade purposes. With HSN Chapter 02, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Meat and Edible Offal.
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Sub-chapters under HSN Chapter 02
Following Sub Chapters fall under Meat and Edible Offal:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
0
%
Description
Meat of bovine animals, fresh and chilled
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Meat of bovine animals, frozen
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Meat of swine, fresh, chilled or frozen
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Meat of sheep or goats, fresh, chilled or frozen
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Meat of horses, asses, mules or hinnies, fresh, chilled or frozen .
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Edible offal of bovine animals, swine,sheep, goats, horses, asses, mules or hinnies, fresh, chilled or frozen
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Meat, and edible offal, of the poultry of heading 0105, fresh, chilled or frozen
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Other meat and edible meat offal, fresh, chilled or frozen
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Pig fat, free of lean meat and poutry fat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Meat and edible meat offal, salted, in brine, dried or smoked; edible flours and meals of meat or meat offal
India’s Trade Performance — HSN Chapter 02 in FY 2024-25
TradeStat EIDB — Ministry of Commerce & Industry
FY 2018-19–FY 2024-25
Values in ₹ Crore
India’s Exports
FY 2024-25₹35,226 Cr
+10.96%
vs FY 2023-24
0.9512% of India’s total exports
India’s Imports
FY 2024-25₹65 Cr
+17.55%
vs FY 2023-24
0.0011% of India’s total imports
Trade Balance
FY 2024-25₹35,161 Cr
Trade Surplus
Surplus rank #10 of 97 chapters
At a glance
5.17%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#24
National Export Rank
of 97 chapters by export value, FY 2024-25
+20.81%
Peak Growth Year
FY 2023-24 · strongest single-year move
1.4×
Export Growth · 7Y
₹26,033.92 Cr → ₹35,225.80 Cr
India Export-Import Trade Statistics for HSN Chapter 02
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
FY 2018-19
Exp. Rank #20
Balance
+26,002.13
Exports
26,033.92 ₹ Cr
1.1286% share
— YoY
Imports
31.79 ₹ Cr
0.0009% share
— YoY
FY 2019-20
Exp. Rank #23
Balance
+23,336.17
Exports
23,375.04 ₹ Cr
1.0537% share
−10.21% YoY
Imports
38.87 ₹ Cr
0.0012% share
+22.27% YoY
FY 2020-21
Exp. Rank #24
Balance
+23,832.62
Exports
23,845.80 ₹ Cr
1.1049% share
+2.01% YoY
Imports
13.18 ₹ Cr
0.0005% share
−66.09% YoY
FY 2021-22
Exp. Rank #26
Balance
+25,125.47
Exports
25,156.19 ₹ Cr
0.7995% share
+5.50% YoY
Imports
30.72 ₹ Cr
0.0007% share
+133.08% YoY
FY 2022-23
Exp. Rank #26
Balance
+26,230.46
Exports
26,278.95 ₹ Cr
0.7258% share
+4.46% YoY
Imports
48.49 ₹ Cr
0.0008% share
+57.85% YoY
FY 2023-24
Exp. Rank #25
Balance
+31,691.70
Exports
31,746.70 ₹ Cr
0.8774% share
+20.81% YoY
Imports
55.00 ₹ Cr
0.0010% share
+13.43% YoY
FY 2024-25
Exp. Rank #24
Balance
+35,161.15
Exports
35,225.80 ₹ Cr
0.9512% share
+10.96% YoY
Imports
64.65 ₹ Cr
0.0011% share
+17.55% YoY
CAGR · 7-Year
Exports
5.17% /yr
Imports
12.56% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 02 Export-Import Analysis
HSN Chapter 02 Ranked #24 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 02 ranks #24 out of 97 chapters by total export value. By trade surplus, it ranks #10 of 97.
FY 2023-24 Was the Strongest Growth Year for HSN Chapter 02 Exports
The strongest single-year export movement for HSN Chapter 02 was recorded in FY 2023-24, when exports surged by 20.81% over the prior year.
India Maintains a Trade Surplus of ₹35,161.15 Crore in HSN Chapter 02 Goods
In FY 2024-25, India's exports of ₹35,225.80 Cr exceeded imports of ₹64.65 Cr, resulting in a trade surplus of ₹35,161.15 Crore — ranking #10 of 97 by surplus magnitude.
Import Growth of 12.56% CAGR Signals Rising Demand for Meat and Edible Offal
India's imports under HSN Chapter 02 have grown at 12.56% CAGR, reaching ₹64.65 Crore in FY 2024-25.
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Important Disclaimer
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.