Consistent Export Growth: 14.10% CAGR Over 7 Years
India's exports under HSN Chapter 16 have grown at a compound annual rate of 14.10% over 7 fiscal years, rising from ₹3,030.43 Crore in FY 2018-19 to ₹6,685.64 Crore in FY 2024-25.
16 HSN Code: Preparations of Meat, Fish or Crustaceans
HSN Chapter 16 represents Preparations of Meat, Fish or Crustaceans under GST classification. This code helps businesses identify Preparations of Meat, Fish or Crustaceans correctly for billing, taxation, and trade purposes. With HSN Chapter 16, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Preparations of Meat, Fish or Crustaceans.
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Sub-chapters under HSN Chapter 16
Following Sub Chapters fall under Preparations of Meat, Fish or Crustaceans:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Sausages and similar products, of meat, meat offal, blood or insects; food preparations based on these products
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Other prepared or preserved meat, meat offal, blood or insects
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Extracts and juices of meat, fish or crustaceans, molluscs or other aquatic invertebrates
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Crustaceans, molluscs and other aquatic invertebrates, prepared or preserved
India’s Trade Performance — HSN Chapter 16 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₹6,686 Cr
+11.25%
vs FY 2023-24
0.1805% of India’s total exports
India’s Imports
FY 2024-25₹69 Cr
−10.73%
vs FY 2023-24
0.0011% of India’s total imports
Trade Balance
FY 2024-25₹6,616 Cr
Trade Surplus
Surplus rank #26 of 97 chapters
At a glance
14.10%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#57
National Export Rank
of 97 chapters by export value, FY 2024-25
+38.58%
Peak Growth Year
FY 2020-21 · strongest single-year move
2.2×
Export Growth · 7Y
₹3,030.43 Cr → ₹6,685.64 Cr
India Export-Import Trade Statistics for HSN Chapter 16
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 #63
Balance
+2,990.23
Exports
3,030.43 ₹ Cr
0.1314% share
— YoY
Imports
40.20 ₹ Cr
0.0011% share
— YoY
FY 2019-20
Exp. Rank #58
Balance
+3,355.17
Exports
3,408.59 ₹ Cr
0.1536% share
+12.48% YoY
Imports
53.42 ₹ Cr
0.0016% share
+32.89% YoY
FY 2020-21
Exp. Rank #55
Balance
+4,665.20
Exports
4,723.63 ₹ Cr
0.2189% share
+38.58% YoY
Imports
58.43 ₹ Cr
0.0020% share
+9.38% YoY
FY 2021-22
Exp. Rank #55
Balance
+5,663.38
Exports
5,754.79 ₹ Cr
0.1829% share
+21.83% YoY
Imports
91.41 ₹ Cr
0.0020% share
+56.44% YoY
FY 2022-23
Exp. Rank #55
Balance
+6,299.35
Exports
6,356.50 ₹ Cr
0.1756% share
+10.46% YoY
Imports
57.15 ₹ Cr
0.0010% share
−37.48% YoY
FY 2023-24
Exp. Rank #57
Balance
+5,931.74
Exports
6,009.30 ₹ Cr
0.1661% share
−5.46% YoY
Imports
77.56 ₹ Cr
0.0014% share
+35.71% YoY
FY 2024-25
Exp. Rank #57
Balance
+6,616.40
Exports
6,685.64 ₹ Cr
0.1805% share
+11.25% YoY
Imports
69.24 ₹ Cr
0.0011% share
−10.73% YoY
CAGR · 7-Year
Exports
14.10% /yr
Imports
9.49% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 16 Export-Import Analysis
HSN Chapter 16 Ranked #57 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 16 ranks #57 out of 97 chapters by total export value. By trade surplus, it ranks #26 of 97.
FY 2020-21 Was the Strongest Growth Year for HSN Chapter 16 Exports
The strongest single-year export movement for HSN Chapter 16 was recorded in FY 2020-21, when exports surged by 38.58% over the prior year.
India Maintains a Trade Surplus of ₹6,616.40 Crore in HSN Chapter 16 Goods
In FY 2024-25, India's exports of ₹6,685.64 Cr exceeded imports of ₹69.24 Cr, resulting in a trade surplus of ₹6,616.40 Crore — ranking #26 of 97 by surplus magnitude.
Import Growth of 9.49% CAGR Signals Stable Import Dependency for Preparations of Meat, Fish or Crustaceans
India's imports under HSN Chapter 16 have grown at 9.49% CAGR, reaching ₹69.24 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.