Consistent Export Growth: 4.50% CAGR Over 7 Years
India's exports under HSN Chapter 32 have grown at a compound annual rate of 4.50% over 7 fiscal years, rising from ₹23,124.03 Crore in FY 2018-19 to ₹30,116.87 Crore in FY 2024-25.
32 HSN Code: Tanning or Dyeing Extracts; Dyes, Pigments and Other Colouring Matter
HSN Chapter 32 represents Tanning or Dyeing Extracts; Dyes, Pigments and Other Colouring Matter under GST classification. This code helps businesses identify Tanning or Dyeing Extracts; Dyes, Pigments and Other Colouring Matter correctly for billing, taxation, and trade purposes. With HSN Chapter 32, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Tanning or Dyeing Extracts; Dyes, Pigments and Other Colouring Matter.
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Sub-chapters under HSN Chapter 32
Following Sub Chapters fall under Tanning or Dyeing Extracts; Dyes, Pigments and Other Colouring Matter:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Tanning extracts of vegetable origin;tannins and their salts, ethers, esters and other derivatives
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Synthetic organic tanning substances;inorganic tanning substances; tanning preparations, whether or not containing natural tanning substances; enzymatic preparations for pre-tanning
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Colouring matter of vegetable or animal origin (including dyeing extracts but excluding animal black), whether or not chemically defined; preparations as specified in note 3 to this chapter based on colouring matter of vegetable or animal origin
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Synthetic organic colouring matter, whether or not chemically defined; preparations as specified in note 3 to this chapter based on synthetic organic colouring matter;synthetic organic products of a kind used as fluorescent brightening agents or as luminophores, whether or not chemically defined
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Colour lakes; preparations as specified in note 3 to this chapter based on colour lakes
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Other colouring matter; preparations as specified in note 3 to this chapter, other than those of headings 3203, 3204 or 3205;inorganic products of a kind used as luminophores, whether or not chemically defined
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Prepared pigments, prepared opacifiers and prepared colours, vitrifiable enamels and glazes, engobes (slips), liquid lustres and similar preparations, of a kind used in the ceramic enamelling or glass industry; glass frit and other glass, in the form of powder,granules or flakes
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Paints and varnishes (including enamels and lacquers) based on synthetic polymers or chemically modified natural polymers,dispersed or dissolved in a non-aqueous medium; solutions as defined in note 4 to this chapter
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Paints and varnishes (including enamels and lacquers) based on synthetic polymers or chemically modified natural polymers,dispersed or dissolved in an aqueous medium
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Other paints and varnishes (including enamels,lacquers and distempers); prepared water pigments of a kind used for finishing leather
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Pigments (including metallic powders and flakes) dispersed in non-aqueous media, in liquid or paste form, of a kind used in the manufacture of paints (including enamels); stamping foils; dyes and other colouring matter put up in forms or packings for retail sale
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Artists’, students’ or signboard painters’ colours,modifiying tints, amusement colours and the like,in tablets, tubes, jars, bottles, pans or in similar forms or packings
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Glaziers’ putty, grafting putty, resin cements,caulking compounds and other mastics;painters’ fillings; non-refractory surfacing prepartions for facades, indoor walls, floors,ceilings or the like
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Printing ink, writing or drawing ink and other inks, whether or not concentrated or solid
India’s Trade Performance — HSN Chapter 32 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₹30,117 Cr
−8.73%
vs FY 2023-24
0.8132% of India’s total exports
India’s Imports
FY 2024-25₹24,290 Cr
−19.35%
vs FY 2023-24
0.3983% of India’s total imports
Trade Balance
FY 2024-25₹5,827 Cr
Trade Surplus
Surplus rank #30 of 97 chapters
At a glance
4.50%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#26
National Export Rank
of 97 chapters by export value, FY 2024-25
+30.24%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.3×
Export Growth · 7Y
₹23,124.03 Cr → ₹30,116.87 Cr
India Export-Import Trade Statistics for HSN Chapter 32
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 #21
Balance
+7,664.46
Exports
23,124.03 ₹ Cr
1.0025% share
— YoY
Imports
15,459.57 ₹ Cr
0.4301% share
— YoY
FY 2019-20
Exp. Rank #20
Balance
+9,891.12
Exports
24,409.44 ₹ Cr
1.1003% share
+5.56% YoY
Imports
14,518.32 ₹ Cr
0.4320% share
−6.09% YoY
FY 2020-21
Exp. Rank #26
Balance
+8,623.81
Exports
22,659.81 ₹ Cr
1.0499% share
−7.17% YoY
Imports
14,036.00 ₹ Cr
0.4814% share
−3.32% YoY
FY 2021-22
Exp. Rank #23
Balance
+10,082.09
Exports
29,513.24 ₹ Cr
0.9380% share
+30.24% YoY
Imports
19,431.15 ₹ Cr
0.4249% share
+38.44% YoY
FY 2022-23
Exp. Rank #25
Balance
+6,037.86
Exports
26,528.28 ₹ Cr
0.7327% share
−10.11% YoY
Imports
20,490.42 ₹ Cr
0.3564% share
+5.45% YoY
FY 2023-24
Exp. Rank #24
Balance
+2,880.90
Exports
32,997.24 ₹ Cr
0.9120% share
+24.39% YoY
Imports
30,116.34 ₹ Cr
0.5363% share
+46.98% YoY
FY 2024-25
Exp. Rank #26
Balance
+5,827.31
Exports
30,116.87 ₹ Cr
0.8132% share
−8.73% YoY
Imports
24,289.56 ₹ Cr
0.3983% share
−19.35% YoY
CAGR · 7-Year
Exports
4.50% /yr
Imports
7.82% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 32 Export-Import Analysis
HSN Chapter 32 Ranked #26 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 32 ranks #26 out of 97 chapters by total export value. By trade surplus, it ranks #30 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 32 Exports
The strongest single-year export movement for HSN Chapter 32 was recorded in FY 2021-22, when exports surged by 30.24% over the prior year.
India Maintains a Trade Surplus of ₹5,827.31 Crore in HSN Chapter 32 Goods
In FY 2024-25, India's exports of ₹30,116.87 Cr exceeded imports of ₹24,289.56 Cr, resulting in a trade surplus of ₹5,827.31 Crore — ranking #30 of 97 by surplus magnitude.
Import Growth of 7.82% CAGR Signals Stable Import Dependency for Tanning or Dyeing Extracts; Dyes, Pigments and Other Colouring Matter
India's imports under HSN Chapter 32 have grown at 7.82% CAGR, reaching ₹24,289.56 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.