Consistent Export Growth: 4.93% CAGR Over 7 Years
India's exports under HSN Chapter 29 have grown at a compound annual rate of 4.93% over 7 fiscal years, rising from ₹1,27,566.74 Crore in FY 2018-19 to ₹1,70,243.54 Crore in FY 2024-25.
29 HSN Code: Organic Chemicals
HSN Chapter 29 represents Organic Chemicals under GST classification. This code helps businesses identify Organic Chemicals correctly for billing, taxation, and trade purposes. With HSN Chapter 29, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Organic Chemicals.
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Sub-chapters under HSN Chapter 29
Following Sub Chapters fall under Organic Chemicals:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Halogenated derivatives of hydrocarbons
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Sulphonated, nitrated or nitrosated derivatives of hydrocarbons, whether or not halogenated
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Cyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Phenols, phenol-alcohols, and their halogenated, sulphonated, nitrated or nitrosated derivatives: phenols; phenol-alcohols
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Halogenated, sulphonated, nitrated or nitrosated derivatives of phenols or phenol alcohols
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Ethers, ether-alcohols, ether-phenols, ether-alcohol-phenols, alcohol peroxides, ether peroxides, acetal and hemiacetal peroxides, ketone peroxides (whether or not chemically defined), and their halogenated, sulphonated, nitrated or nitrosated derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Epoxides, epoxyalcohols, epoxyphenols and expoxyethers, with a three-membered ring, and their halogenated, sulphonated, nitrated or nitrosated derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Acetals and hemiacetals, whether or not with other oxygen function, and their halogenated, sulphonated, nitrated or nitrosated derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Aldehydes, whether or not with other oxygen function; cyclic polymers of aldehydes; paraformaldehyde
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Halogenated, sulphonated, nitrated or nitrosated derivatives of products of heading 2912
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Ketones and quinones, whether or not with other oxygen function, and their halogenated, sulphonated, nitrated or nitrosated derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Unsaturated acyclic monocarboxylic acids, cyclic monocarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Polycarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Carboxylic acids with additional oxygen function and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Phosphoric esters and their salts, including lactophosphates; their halogenated, sulphonated, nitrated or nitrosated derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Esters of other inorganicacids of non-metals (excluding esters of hydrogen halides) and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Oxygen-function amino-compounds
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Quaternary ammonium salts and hydroxides; lecithins and other phosphoaminolipids, whether or not chemically defined
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Carboxyamide-function compounds; amide-function compounds of carbonic acid
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Carboxyimide-function compounds (including saccharin and its salts) and imine-function compounds
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Nitrile-function compounds
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Diazo-, azo- or azoxy-compounds
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Organic derivatives of hydrazine or of hydroxylamine
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Compounds with other nitrogen function
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Other organo-inorganic compounds
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Heterocyclic compounds with oxygen heteroatom (s) only
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Heterocyclic compounds with nitrogen hetero-atom(s) only
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Nucleic acids and their salts; whether or not chemically defined; other heterocyclic compounds
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, whether or not in any solvent
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Hormones, prostaglandins, thromboxanes and leukotrienes, natural or reproduced by synthesis; derivatives and structural analogues thereof, including chain modified polypeptides, used primarily as hormones
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Glycosides, natural or reproduced by synthesis and their salts, ethers, esters and other derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Vegetable alkaloids, natural or reproduced by synthesis, and their salts, ethers, esters and other derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Sugars, chemically pure, other than sucrose actose, maltose, glucose and fructose; sugar ethers, sugar acetals and sugar esters and their salts, other than products of headings 2937, 2938 or 2939
India’s Trade Performance — HSN Chapter 29 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₹1,70,244 Cr
+1.23%
vs FY 2023-24
4.5969% of India’s total exports
India’s Imports
FY 2024-25₹2,24,782 Cr
+1.54%
vs FY 2023-24
3.6861% of India’s total imports
Trade Balance
FY 2024-25−₹54,538 Cr
Trade Deficit
Surplus rank #85 of 97 chapters
At a glance
4.93%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7
National Export Rank
of 97 chapters by export value, FY 2024-25
+23.44%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.3×
Export Growth · 7Y
₹1,27,566.74 Cr → ₹1,70,243.54 Cr
India Export-Import Trade Statistics for HSN Chapter 29
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 #4
Balance
−28,984.81
Exports
1,27,566.74 ₹ Cr
5.5303% share
— YoY
Imports
1,56,551.55 ₹ Cr
4.3555% share
— YoY
FY 2019-20
Exp. Rank #4
Balance
−16,337.84
Exports
1,23,866.71 ₹ Cr
5.5835% share
−2.90% YoY
Imports
1,40,204.55 ₹ Cr
4.1719% share
−10.44% YoY
FY 2020-21
Exp. Rank #5
Balance
−12,690.11
Exports
1,33,140.37 ₹ Cr
6.1688% share
+7.49% YoY
Imports
1,45,830.48 ₹ Cr
5.0014% share
+4.01% YoY
FY 2021-22
Exp. Rank #5
Balance
−48,267.30
Exports
1,64,347.65 ₹ Cr
5.2232% share
+23.44% YoY
Imports
2,12,614.95 ₹ Cr
4.6497% share
+45.80% YoY
FY 2022-23
Exp. Rank #5
Balance
−60,622.46
Exports
1,71,546.44 ₹ Cr
4.7379% share
+4.38% YoY
Imports
2,32,168.90 ₹ Cr
4.0379% share
+9.20% YoY
FY 2023-24
Exp. Rank #7
Balance
−53,192.91
Exports
1,68,171.93 ₹ Cr
4.6480% share
−1.97% YoY
Imports
2,21,364.84 ₹ Cr
3.9417% share
−4.65% YoY
FY 2024-25
Exp. Rank #7
Balance
−54,538.45
Exports
1,70,243.54 ₹ Cr
4.5969% share
+1.23% YoY
Imports
2,24,781.99 ₹ Cr
3.6861% share
+1.54% YoY
CAGR · 7-Year
Exports
4.93% /yr
Imports
6.21% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 29 Export-Import Analysis
HSN Chapter 29 Ranked #7 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 29 ranks #7 out of 97 chapters by total export value. By trade surplus, it ranks #85 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 29 Exports
The strongest single-year export movement for HSN Chapter 29 was recorded in FY 2021-22, when exports surged by 23.44% over the prior year.
India Records a Trade Deficit of ₹54,538.45 Crore in HSN Chapter 29 Goods
In FY 2024-25, India's imports of ₹2,24,781.99 Cr exceeded exports of ₹1,70,243.54 Cr, resulting in a trade deficit of ₹54,538.45 Crore — ranking #85 of 97 by surplus magnitude.
Import Growth of 6.21% CAGR Signals Stable Import Dependency for Organic Chemicals
India's imports under HSN Chapter 29 have grown at 6.21% CAGR, reaching ₹2,24,781.99 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.