Consistent Export Growth: 14.51% CAGR Over 7 Years
India's exports under HSN Chapter 15 have grown at a compound annual rate of 14.51% over 7 fiscal years, rising from ₹7,662.70 Crore in FY 2018-19 to ₹17,272.98 Crore in FY 2024-25.
15 HSN Code: Animal or Vegetable Fats, Oils and Their Cleavage Products
HSN Chapter 15 represents Animal or Vegetable Fats, Oils and Their Cleavage Products under GST classification. This code helps businesses identify Animal or Vegetable Fats, Oils and Their Cleavage Products correctly for billing, taxation, and trade purposes. With HSN Chapter 15, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Animal or Vegetable Fats, Oils and Their Cleavage Products.
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Sub-chapters under HSN Chapter 15
Following Sub Chapters fall under Animal or Vegetable Fats, Oils and Their Cleavage Products:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Pig fats (including lard) and poultry fat,other than that of heading 0209 or 1503
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Fats of bovine animals,sheep or goats,other than those of heading 1503
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, not emulsified or mixed or otherwise prepared
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
wool grease and fatty substances derived
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
therefrom (including lanolin)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
therefrom (including lanolin)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Soya-bean oil and its fractions, whether or not refined, but not chemically modified
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
ground-nut oil and its fractions, whether or not refined, but not chemically modified
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading 1509
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Other oils and their fractions obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading 1509
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Palm oil and its fractions, whether or not refined, but not chemically modified
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Sunflower seed, safflower or cotton seed oil and their fractions thereof, whether or not refined, but not chemically modified
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Other fixed vegetable or microbial fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Animal, vegetable or microbial fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Margarine; edible mixtures or preparations of animal, vegetable or microbial fats or oils or of fractions of different fats or oils of this chapter, other than edible fats and oils or their fractions of heading 1516
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Animal, vegetable or microbial fats and oils and their fractions, boiled, oxidised, dehydrated, sulphurised, blown, polymerised by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading 1516; inedible mixtures or preparations of animal, vegetable or microbial fats or oils or of fractions of different fats or oils of this chapter, not elsewhere specified or included
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Glycerol, crude; glycerol waters and glycerol lyes
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Vegetable waxes (other than triglycerides), beeswax, other insect waxes and spermaceti, whether or not refined or coloured
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Degras,residues resulting from the treatment of fatty substances or animal or vegetable waxes
India’s Trade Performance — HSN Chapter 15 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₹17,273 Cr
+14.31%
vs FY 2023-24
0.4664% of India’s total exports
India’s Imports
FY 2024-25₹1,48,631 Cr
+19.25%
vs FY 2023-24
2.4373% of India’s total imports
Trade Balance
FY 2024-25−₹1,31,358 Cr
Trade Deficit
Surplus rank #93 of 97 chapters
At a glance
14.51%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#41
National Export Rank
of 97 chapters by export value, FY 2024-25
+46.45%
Peak Growth Year
FY 2020-21 · strongest single-year move
2.3×
Export Growth · 7Y
₹7,662.70 Cr → ₹17,272.98 Cr
India Export-Import Trade Statistics for HSN Chapter 15
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 #44
Balance
−62,087.16
Exports
7,662.70 ₹ Cr
0.3322% share
— YoY
Imports
69,749.86 ₹ Cr
1.9406% share
— YoY
FY 2019-20
Exp. Rank #43
Balance
−61,683.34
Exports
8,250.68 ₹ Cr
0.3719% share
+7.67% YoY
Imports
69,934.02 ₹ Cr
2.0809% share
+0.26% YoY
FY 2020-21
Exp. Rank #39
Balance
−71,660.55
Exports
12,083.11 ₹ Cr
0.5599% share
+46.45% YoY
Imports
83,743.66 ₹ Cr
2.8720% share
+19.75% YoY
FY 2021-22
Exp. Rank #42
Balance
−1,32,711.84
Exports
11,527.60 ₹ Cr
0.3664% share
−4.60% YoY
Imports
1,44,239.44 ₹ Cr
3.1544% share
+72.24% YoY
FY 2022-23
Exp. Rank #37
Balance
−1,52,960.35
Exports
16,587.77 ₹ Cr
0.4581% share
+43.90% YoY
Imports
1,69,548.12 ₹ Cr
2.9488% share
+17.55% YoY
FY 2023-24
Exp. Rank #42
Balance
−1,09,522.76
Exports
15,110.48 ₹ Cr
0.4176% share
−8.91% YoY
Imports
1,24,633.24 ₹ Cr
2.2193% share
−26.49% YoY
FY 2024-25
Exp. Rank #41
Balance
−1,31,358.23
Exports
17,272.98 ₹ Cr
0.4664% share
+14.31% YoY
Imports
1,48,631.21 ₹ Cr
2.4373% share
+19.25% YoY
CAGR · 7-Year
Exports
14.51% /yr
Imports
13.44% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 15 Export-Import Analysis
HSN Chapter 15 Ranked #41 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 15 ranks #41 out of 97 chapters by total export value. By trade surplus, it ranks #93 of 97.
FY 2020-21 Was the Strongest Growth Year for HSN Chapter 15 Exports
The strongest single-year export movement for HSN Chapter 15 was recorded in FY 2020-21, when exports surged by 46.45% over the prior year.
India Records a Trade Deficit of ₹1,31,358.23 Crore in HSN Chapter 15 Goods
In FY 2024-25, India's imports of ₹1,48,631.21 Cr exceeded exports of ₹17,272.98 Cr, resulting in a trade deficit of ₹1,31,358.23 Crore — ranking #93 of 97 by surplus magnitude.
Import Growth of 13.44% CAGR Signals Rising Demand for Animal or Vegetable Fats, Oils and Their Cleavage Products
India's imports under HSN Chapter 15 have grown at 13.44% CAGR, reaching ₹1,48,631.21 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.