Consistent Export Growth: 10.41% CAGR Over 8 Years
India's exports under HSN Chapter 40 have grown at a compound annual rate of 10.41% over 8 fiscal years, rising from ₹22,418.75 Crore in FY 2018-19 to ₹44,845.35 Crore in FY 2025-26.
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40 HSN Code: Rubber and Articles Thereof
HSN Chapter 40 represents Rubber and Articles Thereof under GST classification. This code helps businesses identify Rubber and Articles Thereof correctly for billing, taxation, and trade purposes. With HSN Chapter 40, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Rubber and Articles Thereof.
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Sub-chapters under HSN Chapter 40
Following Sub Chapters fall under Rubber and Articles Thereof:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Natural rubber, balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Synthetic rubber and factice derived form oils, in primary forms or in plates, sheets or strip; mixtures of any product of heading 4001 with any product of this heading, in primary forms or in plates, sheets or strip
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Reclaimed rubber in primary forms or in plates, sheets or strip
Sub Chapter
New GST Rate
5% or 18%
5% for waste, parings and scrap of rubber; 18% for powders and granules made from them.
Old GST Rate
5% or 18%
Description
Waste, parings and scrap of rubber (other than hard rubber) and powders and granules obtained therefrom
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Other forms (for example, rods, tubes and profile shapes) and articles (for example, discs and rings), of unvulcanised rubber
Sub Chapter
New GST Rate
5% or 18%
5% for latex rubber thread; 18% for other vulcanised rubber thread and cord.
Old GST Rate
12% or 18%
Description
Vulcanised rubber thread and cord
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Tubes, pipes and hoses, of vulcanised rubber other than hard rubber, with or without their fittings (for example, joints, elbows, flanges)
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Conveyor or transmission belts or belting of vulcanised rubber
Sub Chapter
New GST Rate
5% or 18%
5% for bicycle, cycle-rickshaw, aircraft and tractor tyres; 18% for other new pneumatic tyres.
Old GST Rate
5% or 18% or 28%
Description
New pneumatic tyres, of rubber
Sub Chapter
New GST Rate
5% or 18%
5% for retreaded tractor tyres (4012 19 90) from 1 Nov 2026; 18% for other retreaded or used tyres, solid or cushion tyres, tyre treads and tyre flaps. Source: Notification 9/2025-Central Tax (Rate), Schedule I, S. No. 272A, inserted by Notification 02/2026-Central Tax (Rate); Schedule II, S. No. 138.
Old GST Rate
18
%
Description
Retreaded or used pneumatic tyres of rubber, solid or cushion tyres, tyre treads and tyre flaps, of rubber
Sub Chapter
New GST Rate
5% or 18%
5% for inner tubes of bicycles, cycle-rickshaws and tractor tyres; 18% for other inner tubes.
Old GST Rate
5% or 18%
Description
Inner tubes, of rubber
Sub Chapter
New GST Rate
0% or 5% or 18%
Exempt for condoms and contraceptives; 5% for feeding-bottle nipples; 18% for other hygienic or pharmaceutical rubber articles.
Old GST Rate
0% or 12% or 18%
Description
Hygienic or pharmaceutical articles (including teats), of vulcanised rubber other than hard rubber, with or without fittings of hard rubber
Sub Chapter
New GST Rate
5% or 18%
5% for surgical and medical examination gloves; 18% for other rubber apparel and gloves.
Old GST Rate
12% or 18%
Description
Articles of apparel and clothing accessories (including gloves, mittens and mitts) for all purposes, of vulcanised rubber other than hard rubber
Sub Chapter
New GST Rate
0% or 5% or 18%
Exempt for erasers; 5% for rubber bands and toy balloons of natural rubber latex; 18% for other articles of vulcanised rubber.
Old GST Rate
5% or 12% or 18%
Description
Other articles of vulcanised rubber other than hard rubber
Sub Chapter
New GST Rate
5% or 18%
5% for waste and scrap of hard rubber; 18% for hard rubber in other forms and articles of hard rubber.
Old GST Rate
5% or 18%
Description
Hard rubber (for example, ebonite) in all forms, including waste and scrap; articles of hard rubber
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India’s Trade Performance — HSN Chapter 40 in FY 2025-26
TradeStat EIDB — Ministry of Commerce & Industry
FY 2018-19–FY 2025-26
Values in ₹ Crore
India’s Exports
FY 2025-26₹44,845 Cr
+9.02%
vs FY 2024-25
1.1495% of India’s total exports
India’s Imports
FY 2025-26₹43,924 Cr
+12.15%
vs FY 2024-25
0.6406% of India’s total imports
Trade Balance
FY 2025-26₹922 Cr
Trade Surplus
Surplus rank #40 of 97 chapters
At a glance
10.41%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#22
National Export Rank
of 97 chapters by export value, FY 2025-26
+43.65%
Peak Growth Year
FY 2021-22 · strongest single-year move
2×
Export Growth · 8Y
₹22,418.75 Cr → ₹44,845.35 Cr
India Export-Import Trade Statistics for HSN Chapter 40
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
FY 2018-19
Exp. Rank #23
Balance
−3,561.46
Exports
22,418.75 ₹ Cr
0.9719% share
— YoY
Imports
25,980.21 ₹ Cr
0.7228% share
— YoY
FY 2019-20
Exp. Rank #24
Balance
+318.12
Exports
22,402.38 ₹ Cr
1.0098% share
−0.07% YoY
Imports
22,084.26 ₹ Cr
0.6571% share
−15.00% YoY
FY 2020-21
Exp. Rank #23
Balance
+2,531.84
Exports
24,057.66 ₹ Cr
1.1147% share
+7.39% YoY
Imports
21,525.82 ₹ Cr
0.7382% share
−2.53% YoY
FY 2021-22
Exp. Rank #20
Balance
+3,738.69
Exports
34,559.99 ₹ Cr
1.0984% share
+43.65% YoY
Imports
30,821.30 ₹ Cr
0.6740% share
+43.18% YoY
FY 2022-23
Exp. Rank #21
Balance
+4,120.37
Exports
37,603.55 ₹ Cr
1.0386% share
+8.81% YoY
Imports
33,483.18 ₹ Cr
0.5823% share
+8.64% YoY
FY 2023-24
Exp. Rank #21
Balance
+5,485.38
Exports
37,890.21 ₹ Cr
1.0472% share
+0.76% YoY
Imports
32,404.83 ₹ Cr
0.5770% share
−3.22% YoY
FY 2024-25
Exp. Rank #22
Balance
+1,969.32
Exports
41,134.43 ₹ Cr
1.1107% share
+8.56% YoY
Imports
39,165.11 ₹ Cr
0.6422% share
+20.86% YoY
FY 2025-26
Exp. Rank #22
Balance
+921.52
Exports
44,845.35 ₹ Cr
1.1495% share
+9.02% YoY
Imports
43,923.83 ₹ Cr
0.6406% share
+12.15% YoY
CAGR · 8-Year
Exports
10.41% /yr
Imports
7.79% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 40 Export-Import Analysis
HSN Chapter 40 Ranked #22 Among All 97 Chapters by Export Value
In FY 2025-26, HSN Chapter 40 ranks #22 out of 97 chapters by total export value. By trade surplus, it ranks #40 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 40 Exports
The strongest single-year export movement for HSN Chapter 40 was recorded in FY 2021-22, when exports surged by 43.65% over the prior year.
India Maintains a Trade Surplus of ₹921.52 Crore in HSN Chapter 40 Goods
In FY 2025-26, India's exports of ₹44,845.35 Cr exceeded imports of ₹43,923.83 Cr, resulting in a trade surplus of ₹921.52 Crore — ranking #40 of 97 by surplus magnitude.
Import Growth of 7.79% CAGR Signals Stable Import Dependency for Rubber and Articles Thereof
India's imports under HSN Chapter 40 have grown at 7.79% CAGR, reaching ₹43,923.83 Crore in FY 2025-26.
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.