Consistent Export Growth: 3.30% CAGR Over 7 Years
India's exports under HSN Chapter 03 have grown at a compound annual rate of 3.30% over 7 fiscal years, rising from ₹43,832.19 Crore in FY 2018-19 to ₹53,246.58 Crore in FY 2024-25.
03 HSN Code: Fish, Molluscs and Aquatic Invertebrates
HSN Chapter 03 represents Fish, Molluscs and Aquatic Invertebrates under GST classification. This code helps businesses identify Fish, Molluscs and Aquatic Invertebrates correctly for billing, taxation, and trade purposes. With HSN Chapter 03, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Fish, Molluscs and Aquatic Invertebrates.
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Sub-chapters under HSN Chapter 03
Following Sub Chapters fall under Fish, Molluscs and Aquatic Invertebrates:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
0
%
Description
Fish, fresh or chilled, excluding fish fillets and other fish meat of heading 0304
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Fish, frozen, excluding fish fillets and other fish meat of heading 0304
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Fish fillets and other fish meat (whether or not minced), fresh, chilled or frozen
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Fish, dried, salted or in brine; smoked fish, whether or not cooked before or during the smoking process; flours, meals and pellets, of fish fit for human consumption
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Crustaceans, whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked crustaceans, whether in shell or not, whether or not cooked before or during the smoking process; crustaceans, in shell, cooked by steaming or by boiling in water, whether or not chilled, frozen, dried, salted or in brine; flours, meals and pellets of crustaceans, fit for human consumption
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Molluscs, whether in shell or not, live,fresh, chilled, frozen, dried, salted or inbrine; smoked molluscs,whether in shell ornot,whetheror not cooked before or duringthe smoking process; flours, meals andpellets of molluscs, fit for human consumption
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Aquatic invertebrates other than crustaceans and molluscs, live,fresh, chilled, dried, salted or inbrine; smoked aquatic invertebrates other than crustaceans andmolluscs, whether or not cooked before or during the smoking process;flours, meals and pellets of aquatic invertebrates other than crustaceans and molluscs, fit for human consumption
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Flours, Meals And Pellets Of Fish, Crustaceans, Molluscs And Other Aquatic Invertebrates, Fit For Human Consumption
India’s Trade Performance — HSN Chapter 03 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₹53,247 Cr
+5.00%
vs FY 2023-24
1.4378% of India’s total exports
India’s Imports
FY 2024-25₹1,987 Cr
+32.86%
vs FY 2023-24
0.0326% of India’s total imports
Trade Balance
FY 2024-25₹51,259 Cr
Trade Surplus
Surplus rank #6 of 97 chapters
At a glance
3.30%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#18
National Export Rank
of 97 chapters by export value, FY 2024-25
+32.54%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.2×
Export Growth · 7Y
₹43,832.19 Cr → ₹53,246.58 Cr
India Export-Import Trade Statistics for HSN Chapter 03
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 #15
Balance
+43,087.07
Exports
43,832.19 ₹ Cr
1.9002% share
— YoY
Imports
745.12 ₹ Cr
0.0207% share
— YoY
FY 2019-20
Exp. Rank #14
Balance
+42,710.64
Exports
43,626.95 ₹ Cr
1.9666% share
−0.47% YoY
Imports
916.31 ₹ Cr
0.0273% share
+22.97% YoY
FY 2020-21
Exp. Rank #17
Balance
+37,675.58
Exports
38,795.64 ₹ Cr
1.7975% share
−11.07% YoY
Imports
1,120.06 ₹ Cr
0.0384% share
+22.24% YoY
FY 2021-22
Exp. Rank #17
Balance
+50,163.95
Exports
51,420.68 ₹ Cr
1.6342% share
+32.54% YoY
Imports
1,256.73 ₹ Cr
0.0275% share
+12.20% YoY
FY 2022-23
Exp. Rank #16
Balance
+53,257.59
Exports
54,786.58 ₹ Cr
1.5131% share
+6.55% YoY
Imports
1,528.99 ₹ Cr
0.0266% share
+21.66% YoY
FY 2023-24
Exp. Rank #17
Balance
+49,214.62
Exports
50,710.42 ₹ Cr
1.4015% share
−7.44% YoY
Imports
1,495.80 ₹ Cr
0.0266% share
−2.17% YoY
FY 2024-25
Exp. Rank #18
Balance
+51,259.26
Exports
53,246.58 ₹ Cr
1.4378% share
+5.00% YoY
Imports
1,987.32 ₹ Cr
0.0326% share
+32.86% YoY
CAGR · 7-Year
Exports
3.30% /yr
Imports
17.76% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 03 Export-Import Analysis
HSN Chapter 03 Ranked #18 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 03 ranks #18 out of 97 chapters by total export value. By trade surplus, it ranks #6 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 03 Exports
The strongest single-year export movement for HSN Chapter 03 was recorded in FY 2021-22, when exports surged by 32.54% over the prior year.
India Maintains a Trade Surplus of ₹51,259.26 Crore in HSN Chapter 03 Goods
In FY 2024-25, India's exports of ₹53,246.58 Cr exceeded imports of ₹1,987.32 Cr, resulting in a trade surplus of ₹51,259.26 Crore — ranking #6 of 97 by surplus magnitude.
Import Growth of 17.76% CAGR Signals Rising Demand for Fish, Molluscs and Aquatic Invertebrates
India's imports under HSN Chapter 03 have grown at 17.76% CAGR, reaching ₹1,987.32 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.