Consistent Export Growth: 5.73% CAGR Over 7 Years
India's exports under HSN Chapter 23 have grown at a compound annual rate of 5.73% over 7 fiscal years, rising from ₹13,413.35 Crore in FY 2018-19 to ₹18,732.91 Crore in FY 2024-25.
23 HSN Code: Residues and Waste from Food Industries; Animal Fodder
HSN Chapter 23 represents Residues and Waste from Food Industries; Animal Fodder under GST classification. This code helps businesses identify Residues and Waste from Food Industries; Animal Fodder correctly for billing, taxation, and trade purposes. With HSN Chapter 23, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Residues and Waste from Food Industries; Animal Fodder.
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Sub-chapters under HSN Chapter 23
Following Sub Chapters fall under Residues and Waste from Food Industries; Animal Fodder:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Flours, meals and pellets, of meat or meat offal, of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption; greaves
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Bran, sharps and other residues, whether or not in the form of pellets, derived from the sifting, milling or other working of cereals or of leguminous plants
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Residues of starch manufacture and similar residues, beet-pulp, bagasse and other waste of sugar manufacture, brewing or distilling dregs and waste, whether or not in the form of pellets
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of ground-nut oil
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
0
%
Description
Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of vegetable or miscrobial fats or oils, other than those of heading 2304 or 2305
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Vegetable materials and vegetable waste, vegetable residues and by-products, whether or not in the form of pellets, of a kind used in animal feeding, not elsewhere specified or included
Sub Chapter
New GST Rate
28
%
Standard
Old GST Rate
28
%
Description
Preparations of a kind used in animal feeding
India’s Trade Performance — HSN Chapter 23 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₹18,733 Cr
−18.70%
vs FY 2023-24
0.5058% of India’s total exports
India’s Imports
FY 2024-25₹5,915 Cr
+10.78%
vs FY 2023-24
0.0970% of India’s total imports
Trade Balance
FY 2024-25₹12,818 Cr
Trade Surplus
Surplus rank #17 of 97 chapters
At a glance
5.73%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#35
National Export Rank
of 97 chapters by export value, FY 2024-25
+80.45%
Peak Growth Year
FY 2020-21 · strongest single-year move
1.4×
Export Growth · 7Y
₹13,413.35 Cr → ₹18,732.91 Cr
India Export-Import Trade Statistics for HSN Chapter 23
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 #32
Balance
+8,934.01
Exports
13,413.35 ₹ Cr
0.5815% share
— YoY
Imports
4,479.34 ₹ Cr
0.1246% share
— YoY
FY 2019-20
Exp. Rank #42
Balance
+3,197.41
Exports
8,263.04 ₹ Cr
0.3725% share
−38.40% YoY
Imports
5,065.63 ₹ Cr
0.1507% share
+13.09% YoY
FY 2020-21
Exp. Rank #30
Balance
+9,937.06
Exports
14,910.54 ₹ Cr
0.6909% share
+80.45% YoY
Imports
4,973.48 ₹ Cr
0.1706% share
−1.82% YoY
FY 2021-22
Exp. Rank #41
Balance
+2,517.38
Exports
11,808.53 ₹ Cr
0.3753% share
−20.80% YoY
Imports
9,291.15 ₹ Cr
0.2032% share
+86.81% YoY
FY 2022-23
Exp. Rank #31
Balance
+13,907.79
Exports
20,240.84 ₹ Cr
0.5590% share
+71.41% YoY
Imports
6,333.05 ₹ Cr
0.1101% share
−31.84% YoY
FY 2023-24
Exp. Rank #31
Balance
+17,701.30
Exports
23,041.11 ₹ Cr
0.6368% share
+13.83% YoY
Imports
5,339.81 ₹ Cr
0.0951% share
−15.68% YoY
FY 2024-25
Exp. Rank #35
Balance
+12,817.61
Exports
18,732.91 ₹ Cr
0.5058% share
−18.70% YoY
Imports
5,915.30 ₹ Cr
0.0970% share
+10.78% YoY
CAGR · 7-Year
Exports
5.73% /yr
Imports
4.74% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 23 Export-Import Analysis
HSN Chapter 23 Ranked #35 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 23 ranks #35 out of 97 chapters by total export value. By trade surplus, it ranks #17 of 97.
FY 2020-21 Was the Strongest Growth Year for HSN Chapter 23 Exports
The strongest single-year export movement for HSN Chapter 23 was recorded in FY 2020-21, when exports surged by 80.45% over the prior year.
India Maintains a Trade Surplus of ₹12,817.61 Crore in HSN Chapter 23 Goods
In FY 2024-25, India's exports of ₹18,732.91 Cr exceeded imports of ₹5,915.30 Cr, resulting in a trade surplus of ₹12,817.61 Crore — ranking #17 of 97 by surplus magnitude.
Import Growth of 4.74% CAGR Signals Stable Import Dependency for Residues and Waste from Food Industries; Animal Fodder
India's imports under HSN Chapter 23 have grown at 4.74% CAGR, reaching ₹5,915.30 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.