Consistent Export Growth: 3.52% CAGR Over 7 Years
India's exports under HSN Chapter 39 have grown at a compound annual rate of 3.52% over 7 fiscal years, rising from ₹56,078.97 Crore in FY 2018-19 to ₹69,000.07 Crore in FY 2024-25.
39 HSN Code: Plastics and Articles Thereof
HSN Chapter 39 represents Plastics and Articles Thereof under GST classification. This code helps businesses identify Plastics and Articles Thereof correctly for billing, taxation, and trade purposes. With HSN Chapter 39, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Plastics and Articles Thereof.
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Sub-chapters under HSN Chapter 39
Following Sub Chapters fall under Plastics and Articles Thereof:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Polymers of ethylene, in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Polymers of propylene or of other olefins,in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Polymers of styrene , in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Polymers of vinyl chlorideor of other halogenated olefins , in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Polymers of vinyl acetate or of other vinyl esters, in primary forms ; other vinyl polymers in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Acrylic polymers in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Polyacetals , other polyethers and epoxide resins, in primary forms ;polycarbonates , alkyd resins ,polyallylesters and other polyesters , in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Polyamides in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Amino-resins , phenolic resins and polyurethanes, in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Silicones in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Petroleum resins, coumarone-indene resins, polyterpenes, polysulphides,polysulphones and other products specified in note 3 to this chapter ,not elsewhere specified or included ,in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Cellulose and its chemical derivatives ,not elsewhere specified or included ,in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Natural polymers (for example, alginic acid)and modified natural polymers (for example,hardened proteins , chemical derivatives of natural rubber), not elsewhere specified or included , in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Ion–exchangers based on polymers of headings 3901 to 3913, in primary forms
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Waste, parings and scrap, of plastics
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Monofilament of which any cross-sectional dimension exceeds 1 mm, rods,sticks and profile shapes, whether or not surface-worked but not otherwise worked, of plastics
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Tubes, pipes and hoses, and fittings therefor (for example, joints, elbows,flanges), of plastics
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Floor coverings of plastics, whether or not self-adhesive, in rolls or in the form of tiles; wall or ceiling coverings of plastics, as defined in note 9 to this chapter
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Self-adhesive plates, sheets, film, foil, tape, strip and other flat shapes, of plastics, whether or not in rolls
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Other plates, sheets, film, foil and strip, of plastics, non-cellular and not reinforced, laminated, supported or similarly combined with other materials
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Other plates, sheets, film, foil and strip, of plastics
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Baths, shower-baths, sinks, wash-basins, bidets, lavatory pans, seats and covers, flushing cisterns and similar sanitary ware, of plastics
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
0
%
Description
Baths, shower-baths, sinks, wash-basins, bidets, lavatory pans, seats and covers, flushing cisterns and similar sanitary ware, of plastics
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Baths, shower-baths, sinks, wash-basins, bidets, lavatory pans, seats and covers, flushing cisterns and similar sanitary ware, of plastics
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Builders’ ware of plastics, not elsewhere specified or included
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Other articles of plastics and articles of other materials of headings 3901 to 3914
India’s Trade Performance — HSN Chapter 39 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₹69,000 Cr
+12.90%
vs FY 2023-24
1.8631% of India’s total exports
India’s Imports
FY 2024-25₹1,86,903 Cr
+3.42%
vs FY 2023-24
3.0649% of India’s total imports
Trade Balance
FY 2024-25−₹1,17,903 Cr
Trade Deficit
Surplus rank #92 of 97 chapters
At a glance
3.52%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#12
National Export Rank
of 97 chapters by export value, FY 2024-25
+32.22%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.2×
Export Growth · 7Y
₹56,078.97 Cr → ₹69,000.07 Cr
India Export-Import Trade Statistics for HSN Chapter 39
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 #11
Balance
−50,512.49
Exports
56,078.97 ₹ Cr
2.4312% share
— YoY
Imports
1,06,591.46 ₹ Cr
2.9655% share
— YoY
FY 2019-20
Exp. Rank #12
Balance
−51,637.55
Exports
48,969.67 ₹ Cr
2.2074% share
−12.68% YoY
Imports
1,00,607.22 ₹ Cr
2.9936% share
−5.61% YoY
FY 2020-21
Exp. Rank #10
Balance
−47,387.87
Exports
51,004.32 ₹ Cr
2.3632% share
+4.15% YoY
Imports
98,392.19 ₹ Cr
3.3744% share
−2.20% YoY
FY 2021-22
Exp. Rank #12
Balance
−81,626.83
Exports
67,439.76 ₹ Cr
2.1433% share
+32.22% YoY
Imports
1,49,066.59 ₹ Cr
3.2599% share
+51.50% YoY
FY 2022-23
Exp. Rank #15
Balance
−1,24,028.68
Exports
61,518.48 ₹ Cr
1.6991% share
−8.78% YoY
Imports
1,85,547.16 ₹ Cr
3.2271% share
+24.47% YoY
FY 2023-24
Exp. Rank #13
Balance
−1,19,607.91
Exports
61,117.06 ₹ Cr
1.6892% share
−0.65% YoY
Imports
1,80,724.97 ₹ Cr
3.2181% share
−2.60% YoY
FY 2024-25
Exp. Rank #12
Balance
−1,17,903.27
Exports
69,000.07 ₹ Cr
1.8631% share
+12.90% YoY
Imports
1,86,903.34 ₹ Cr
3.0649% share
+3.42% YoY
CAGR · 7-Year
Exports
3.52% /yr
Imports
9.81% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 39 Export-Import Analysis
HSN Chapter 39 Ranked #12 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 39 ranks #12 out of 97 chapters by total export value. By trade surplus, it ranks #92 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 39 Exports
The strongest single-year export movement for HSN Chapter 39 was recorded in FY 2021-22, when exports surged by 32.22% over the prior year.
India Records a Trade Deficit of ₹1,17,903.27 Crore in HSN Chapter 39 Goods
In FY 2024-25, India's imports of ₹1,86,903.34 Cr exceeded exports of ₹69,000.07 Cr, resulting in a trade deficit of ₹1,17,903.27 Crore — ranking #92 of 97 by surplus magnitude.
Import Growth of 9.81% CAGR Signals Stable Import Dependency for Plastics and Articles Thereof
India's imports under HSN Chapter 39 have grown at 9.81% CAGR, reaching ₹1,86,903.34 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.