Consistent Export Growth: 12.26% CAGR Over 7 Years
India's exports under HSN Chapter 37 have grown at a compound annual rate of 12.26% over 7 fiscal years, rising from ₹84.34 Crore in FY 2018-19 to ₹168.79 Crore in FY 2024-25.
37 HSN Code: Photographic or Cinematographic Goods
HSN Chapter 37 represents Photographic or Cinematographic Goods under GST classification. This code helps businesses identify Photographic or Cinematographic Goods correctly for billing, taxation, and trade purposes. With HSN Chapter 37, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Photographic or Cinematographic Goods.
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Sub-chapters under HSN Chapter 37
Following Sub Chapters fall under Photographic or Cinematographic Goods:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Photographic plates and film in the flat, sensitised, unexposed, of any material other than paper, paperboard or textiles; instant print-film in the flat, sensitised, unexposed, whether or not in packs
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Photographic film in rolls, sensitised, unexposed, of any material other than paper, paper-board or textiles; instant print film in rolls, sensitised, unexposed
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Photographic paper, paperboard and textiles sensitised, unexposed
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Photographic plates, film, paper, paper board and textiles, exposed but not developed
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Photographic plates and film, exposed and developed, other than cinematographic film
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Cinematographic film, exposed and developed, whether or not incorporating sound track or consisting only of sound track
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Chemical preparations for photographic uses (other than varnishes, glues, adhesives and similar preparations); unmixed products for photographic uses, put up in measured portions or put up for retail sale in a form ready for use
India’s Trade Performance — HSN Chapter 37 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₹169 Cr
+35.29%
vs FY 2023-24
0.0046% of India’s total exports
India’s Imports
FY 2024-25₹1,981 Cr
+10.99%
vs FY 2023-24
0.0325% of India’s total imports
Trade Balance
FY 2024-25−₹1,812 Cr
Trade Deficit
Surplus rank #58 of 97 chapters
At a glance
12.26%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#91
National Export Rank
of 97 chapters by export value, FY 2024-25
+35.76%
Peak Growth Year
FY 2023-24 · strongest single-year move
2×
Export Growth · 7Y
₹84.34 Cr → ₹168.79 Cr
India Export-Import Trade Statistics for HSN Chapter 37
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 #93
Balance
−1,374.89
Exports
84.34 ₹ Cr
0.0037% share
— YoY
Imports
1,459.23 ₹ Cr
0.0406% share
— YoY
FY 2019-20
Exp. Rank #93
Balance
−1,336.49
Exports
79.34 ₹ Cr
0.0036% share
−5.93% YoY
Imports
1,415.83 ₹ Cr
0.0421% share
−2.97% YoY
FY 2020-21
Exp. Rank #93
Balance
−967.67
Exports
72.49 ₹ Cr
0.0034% share
−8.63% YoY
Imports
1,040.16 ₹ Cr
0.0357% share
−26.53% YoY
FY 2021-22
Exp. Rank #93
Balance
−1,431.95
Exports
83.71 ₹ Cr
0.0027% share
+15.48% YoY
Imports
1,515.66 ₹ Cr
0.0331% share
+45.71% YoY
FY 2022-23
Exp. Rank #93
Balance
−1,594.18
Exports
91.90 ₹ Cr
0.0025% share
+9.78% YoY
Imports
1,686.08 ₹ Cr
0.0293% share
+11.24% YoY
FY 2023-24
Exp. Rank #92
Balance
−1,660.03
Exports
124.76 ₹ Cr
0.0034% share
+35.76% YoY
Imports
1,784.79 ₹ Cr
0.0318% share
+5.85% YoY
FY 2024-25
Exp. Rank #91
Balance
−1,812.10
Exports
168.79 ₹ Cr
0.0046% share
+35.29% YoY
Imports
1,980.89 ₹ Cr
0.0325% share
+10.99% YoY
CAGR · 7-Year
Exports
12.26% /yr
Imports
5.23% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 37 Export-Import Analysis
HSN Chapter 37 Ranked #91 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 37 ranks #91 out of 97 chapters by total export value. By trade surplus, it ranks #58 of 97.
FY 2023-24 Was the Strongest Growth Year for HSN Chapter 37 Exports
The strongest single-year export movement for HSN Chapter 37 was recorded in FY 2023-24, when exports surged by 35.76% over the prior year.
India Records a Trade Deficit of ₹1,812.10 Crore in HSN Chapter 37 Goods
In FY 2024-25, India's imports of ₹1,980.89 Cr exceeded exports of ₹168.79 Cr, resulting in a trade deficit of ₹1,812.10 Crore — ranking #58 of 97 by surplus magnitude.
Import Growth of 5.23% CAGR Signals Stable Import Dependency for Photographic or Cinematographic Goods
India's imports under HSN Chapter 37 have grown at 5.23% CAGR, reaching ₹1,980.89 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.