Consistent Export Growth: 7.47% CAGR Over 7 Years
India's exports under HSN Chapter 26 have grown at a compound annual rate of 7.47% over 7 fiscal years, rising from ₹12,909.45 Crore in FY 2018-19 to ₹19,892.22 Crore in FY 2024-25.
26 HSN Code: Ores, Slag and Ash
HSN Chapter 26 represents Ores, Slag and Ash under GST classification. This code helps businesses identify Ores, Slag and Ash correctly for billing, taxation, and trade purposes. With HSN Chapter 26, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Ores, Slag and Ash.
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Sub-chapters under HSN Chapter 26
Following Sub Chapters fall under Ores, Slag and Ash:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Iron ores and concentrates,including roasted iron pyrites
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Manganese ores and concentrates,including ferruginous manganese ores and concentrates with a manganese content of 20% or more, calculated on the dry weight
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Copper ores and concertrates
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Nickel ores and concentrates
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Cobalt ores and concentrates
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Aluminium ores and concentrates
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Lead ores and concentrates
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Zinc ores and concentrates
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Chromium ores and concentrates
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Tungsten ores and concentrates
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Uranium or thorium ores and concentrates
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Molybdenum ores and concentrates
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Titanium ores and concentrates
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Niobium, tantalum, vanadium or zirconium ores and concentrates
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Precious metal ores and concentrates
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Other ores and concentrates
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Granulated slag (slag sand) from the manufacture of iron or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Slag, dross (other than granulated slag),scalings and other waste from the manufacture of iron or steel
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Slag, ash and residues (other than from the manufacture of iron or steel), containing arsenic, metals or their compounds
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Other slag and ash, inlcuding seaweed ash (kelp); ash and residues from the incineration of municipal waste
India’s Trade Performance — HSN Chapter 26 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₹19,892 Cr
−43.74%
vs FY 2023-24
0.5371% of India’s total exports
India’s Imports
FY 2024-25₹61,195 Cr
+23.40%
vs FY 2023-24
1.0035% of India’s total imports
Trade Balance
FY 2024-25−₹41,303 Cr
Trade Deficit
Surplus rank #84 of 97 chapters
At a glance
7.47%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#34
National Export Rank
of 97 chapters by export value, FY 2024-25
+101.52%
Peak Growth Year
FY 2023-24 · strongest single-year move
1.5×
Export Growth · 7Y
₹12,909.45 Cr → ₹19,892.22 Cr
India Export-Import Trade Statistics for HSN Chapter 26
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 #34
Balance
−16,721.85
Exports
12,909.45 ₹ Cr
0.5597% share
— YoY
Imports
29,631.30 ₹ Cr
0.8244% share
— YoY
FY 2019-20
Exp. Rank #25
Balance
+3,701.26
Exports
22,400.51 ₹ Cr
1.0097% share
+73.52% YoY
Imports
18,699.25 ₹ Cr
0.5564% share
−36.89% YoY
FY 2020-21
Exp. Rank #16
Balance
+20,839.37
Exports
38,822.96 ₹ Cr
1.7988% share
+73.31% YoY
Imports
17,983.59 ₹ Cr
0.6168% share
−3.83% YoY
FY 2021-22
Exp. Rank #25
Balance
−15,863.64
Exports
26,825.22 ₹ Cr
0.8525% share
−30.90% YoY
Imports
42,688.86 ₹ Cr
0.9336% share
+137.38% YoY
FY 2022-23
Exp. Rank #35
Balance
−28,949.92
Exports
17,545.12 ₹ Cr
0.4846% share
−34.59% YoY
Imports
46,495.04 ₹ Cr
0.8086% share
+8.92% YoY
FY 2023-24
Exp. Rank #22
Balance
−14,235.91
Exports
35,356.30 ₹ Cr
0.9772% share
+101.52% YoY
Imports
49,592.21 ₹ Cr
0.8831% share
+6.66% YoY
FY 2024-25
Exp. Rank #34
Balance
−41,302.52
Exports
19,892.22 ₹ Cr
0.5371% share
−43.74% YoY
Imports
61,194.74 ₹ Cr
1.0035% share
+23.40% YoY
CAGR · 7-Year
Exports
7.47% /yr
Imports
12.85% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 26 Export-Import Analysis
HSN Chapter 26 Ranked #34 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 26 ranks #34 out of 97 chapters by total export value. By trade surplus, it ranks #84 of 97.
FY 2023-24 Was the Strongest Growth Year for HSN Chapter 26 Exports
The strongest single-year export movement for HSN Chapter 26 was recorded in FY 2023-24, when exports surged by 101.52% over the prior year.
India Records a Trade Deficit of ₹41,302.52 Crore in HSN Chapter 26 Goods
In FY 2024-25, India's imports of ₹61,194.74 Cr exceeded exports of ₹19,892.22 Cr, resulting in a trade deficit of ₹41,302.52 Crore — ranking #84 of 97 by surplus magnitude.
Import Growth of 12.85% CAGR Signals Rising Demand for Ores, Slag and Ash
India's imports under HSN Chapter 26 have grown at 12.85% CAGR, reaching ₹61,194.74 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.