Consistent Export Growth: 9.11% CAGR Over 7 Years
India's exports under HSN Chapter 27 have grown at a compound annual rate of 9.11% over 7 fiscal years, rising from ₹3,35,474.40 Crore in FY 2018-19 to ₹5,65,955.29 Crore in FY 2024-25.
27 HSN Code: Bituminous Substances, Mineral fuel & Oils
HSN Chapter 27 represents Bituminous Substances, Mineral fuel & Oils under GST classification. This code helps businesses identify Bituminous Substances, Mineral fuel & Oils correctly for billing, taxation, and trade purposes. With HSN Chapter 27, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Bituminous Substances, Mineral fuel & Oils.
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Sub-chapters under HSN Chapter 27
Following Sub Chapters fall under Bituminous Substances, Mineral fuel & Oils:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Coal; briquettes, ovoids and similar solid fuels manufactured from coal
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Lignite, whether or not agglomerated, excluding jet
Sub Chapter
New GST Rate
40
%
Standard
Old GST Rate
5
%
Description
Peat (including peat litter), whether or not agglomerated
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Coke and semi-coke of coal, of lignite or of peat, whether or not agglomerated; retort carbon
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Coal gas, water gas, producer gas and similar gases, other than petroleum gases and other gaseous hydrocarbons
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Tar distilled from coal, from lignite or from peat and other mineral tars, whether or not dehydrated or partially distilled, including reconstituted tars
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Oils and other products of the distillation of high temperature coal tar similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Pitch and pitch coke, obtained from coal tar or from other mineral tars
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Petroleum oils and oils obtained from bituminous minerals, crude
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Petroleum gases and other gaseous hydrocarbons
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Petroleum jelly, paraffin wax, microcrystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, and similar products obtained by synthesis or by other processes, whether or not coloured
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
0
%
Description
Bituminous mixtures based on natural asphalt, on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch (for example, bituminous mastics, cut backs)
India’s Trade Performance — HSN Chapter 27 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₹5,65,955 Cr
−21.98%
vs FY 2023-24
15.2820% of India’s total exports
India’s Imports
FY 2024-25₹18,46,145 Cr
+1.77%
vs FY 2023-24
30.2738% of India’s total imports
Trade Balance
FY 2024-25−₹12,80,190 Cr
Trade Deficit
Surplus rank #97 of 97 chapters
At a glance
9.11%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1
National Export Rank
of 97 chapters by export value, FY 2024-25
+160.97%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.7×
Export Growth · 7Y
₹3,35,474.40 Cr → ₹5,65,955.29 Cr
India Export-Import Trade Statistics for HSN Chapter 27
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 #1
Balance
−8,39,240.45
Exports
3,35,474.40 ₹ Cr
14.5436% share
— YoY
Imports
11,74,714.85 ₹ Cr
32.6825% share
— YoY
FY 2019-20
Exp. Rank #1
Balance
−7,86,191.58
Exports
3,02,367.17 ₹ Cr
13.6297% share
−9.87% YoY
Imports
10,88,558.75 ₹ Cr
32.3909% share
−7.33% YoY
FY 2020-21
Exp. Rank #1
Balance
−5,38,323.33
Exports
1,99,073.16 ₹ Cr
9.2237% share
−34.16% YoY
Imports
7,37,396.49 ₹ Cr
25.2895% share
−32.26% YoY
FY 2021-22
Exp. Rank #1
Balance
−9,35,106.52
Exports
5,19,516.67 ₹ Cr
16.5109% share
+160.97% YoY
Imports
14,54,623.19 ₹ Cr
31.8112% share
+97.26% YoY
FY 2022-23
Exp. Rank #1
Balance
−12,81,226.25
Exports
8,12,669.99 ₹ Cr
22.4451% share
+56.43% YoY
Imports
20,93,896.24 ₹ Cr
36.4174% share
+43.95% YoY
FY 2023-24
Exp. Rank #1
Balance
−10,88,581.16
Exports
7,25,404.15 ₹ Cr
20.0489% share
−10.74% YoY
Imports
18,13,985.31 ₹ Cr
32.3006% share
−13.37% YoY
FY 2024-25
Exp. Rank #1
Balance
−12,80,189.72
Exports
5,65,955.29 ₹ Cr
15.2820% share
−21.98% YoY
Imports
18,46,145.01 ₹ Cr
30.2738% share
+1.77% YoY
CAGR · 7-Year
Exports
9.11% /yr
Imports
7.83% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 27 Export-Import Analysis
HSN Chapter 27 Ranked #1 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 27 ranks #1 out of 97 chapters by total export value. By trade surplus, it ranks #97 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 27 Exports
The strongest single-year export movement for HSN Chapter 27 was recorded in FY 2021-22, when exports surged by 160.97% over the prior year.
India Records a Trade Deficit of ₹12,80,189.72 Crore in HSN Chapter 27 Goods
In FY 2024-25, India's imports of ₹18,46,145.01 Cr exceeded exports of ₹5,65,955.29 Cr, resulting in a trade deficit of ₹12,80,189.72 Crore — ranking #97 of 97 by surplus magnitude.
Import Growth of 7.83% CAGR Signals Stable Import Dependency for Bituminous Substances, Mineral fuel & Oils
India's imports under HSN Chapter 27 have grown at 7.83% CAGR, reaching ₹18,46,145.01 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.