Export Decline: −6.34% CAGR Over 7 Years
India's exports under HSN Chapter 43 have declined at a compound annual rate of −6.34% over 7 fiscal years, falling from ₹90.50 Crore in FY 2018-19 to ₹61.10 Crore in FY 2024-25.
43 HSN Code: Furskins and Artificial Fur; Manufactures Thereof
HSN Chapter 43 represents Furskins and Artificial Fur; Manufactures Thereof under GST classification. This code helps businesses identify Furskins and Artificial Fur; Manufactures Thereof correctly for billing, taxation, and trade purposes. With HSN Chapter 43, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Furskins and Artificial Fur; Manufactures Thereof.
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Sub-chapters under HSN Chapter 43
Following Sub Chapters fall under Furskins and Artificial Fur; Manufactures Thereof:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Raw furskins (including heads, tails, paws and other pieces or cuttings, suitable for furriers' use), other than raw hides and skins of heading 4101, 4102 or 4103
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Tanned or dressed furskins (including heads, tails, paws and other pieces or cuttings), unassembled, or assembled (without the addition of other materials) other than those of heading 4303
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Articles of apparel, clothing accessories and other articles of furskin
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Artificial fur and articles thereof
India’s Trade Performance — HSN Chapter 43 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₹61 Cr
−37.77%
vs FY 2023-24
0.0016% of India’s total exports
India’s Imports
FY 2024-25₹55 Cr
+5.94%
vs FY 2023-24
0.0009% of India’s total imports
Trade Balance
FY 2024-25₹7 Cr
Trade Surplus
Surplus rank #47 of 97 chapters
At a glance
−6.34%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#94
National Export Rank
of 97 chapters by export value, FY 2024-25
+70.86%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.7×
Export Growth · 7Y
₹90.50 Cr → ₹61.10 Cr
India Export-Import Trade Statistics for HSN Chapter 43
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 #92
Balance
+42.12
Exports
90.50 ₹ Cr
0.0039% share
— YoY
Imports
48.38 ₹ Cr
0.0013% share
— YoY
FY 2019-20
Exp. Rank #92
Balance
+42.43
Exports
89.81 ₹ Cr
0.0040% share
−0.76% YoY
Imports
47.38 ₹ Cr
0.0014% share
−2.07% YoY
FY 2020-21
Exp. Rank #90
Balance
+73.89
Exports
104.33 ₹ Cr
0.0048% share
+16.17% YoY
Imports
30.44 ₹ Cr
0.0010% share
−35.75% YoY
FY 2021-22
Exp. Rank #90
Balance
+138.15
Exports
178.26 ₹ Cr
0.0057% share
+70.86% YoY
Imports
40.11 ₹ Cr
0.0009% share
+31.77% YoY
FY 2022-23
Exp. Rank #91
Balance
+70.75
Exports
118.69 ₹ Cr
0.0033% share
−33.42% YoY
Imports
47.94 ₹ Cr
0.0008% share
+19.52% YoY
FY 2023-24
Exp. Rank #94
Balance
+46.70
Exports
98.19 ₹ Cr
0.0027% share
−17.27% YoY
Imports
51.49 ₹ Cr
0.0009% share
+7.41% YoY
FY 2024-25
Exp. Rank #94
Balance
+6.55
Exports
61.10 ₹ Cr
0.0016% share
−37.77% YoY
Imports
54.55 ₹ Cr
0.0009% share
+5.94% YoY
CAGR · 7-Year
Exports
−6.34% /yr
Imports
2.02% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 43 Export-Import Analysis
HSN Chapter 43 Ranked #94 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 43 ranks #94 out of 97 chapters by total export value. By trade surplus, it ranks #47 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 43 Exports
The strongest single-year export movement for HSN Chapter 43 was recorded in FY 2021-22, when exports surged by 70.86% over the prior year.
India Maintains a Trade Surplus of ₹6.55 Crore in HSN Chapter 43 Goods
In FY 2024-25, India's exports of ₹61.10 Cr exceeded imports of ₹54.55 Cr, resulting in a trade surplus of ₹6.55 Crore — ranking #47 of 97 by surplus magnitude.
Import Growth of 2.02% CAGR Signals Stable Import Dependency for Furskins and Artificial Fur; Manufactures Thereof
India's imports under HSN Chapter 43 have grown at 2.02% CAGR, reaching ₹54.55 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.