Consistent Export Growth: 6.43% CAGR Over 7 Years
India's exports under HSN Chapter 44 have grown at a compound annual rate of 6.43% over 7 fiscal years, rising from ₹3,433.08 Crore in FY 2018-19 to ₹4,990.52 Crore in FY 2024-25.
44 HSN Code: Wood and Articles of Wood; Wood Charcoal
HSN Chapter 44 represents Wood and Articles of Wood; Wood Charcoal under GST classification. This code helps businesses identify Wood and Articles of Wood; Wood Charcoal correctly for billing, taxation, and trade purposes. With HSN Chapter 44, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Wood and Articles of Wood; Wood Charcoal.
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Sub-chapters under HSN Chapter 44
Following Sub Chapters fall under Wood and Articles of Wood; Wood Charcoal:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Fuel wood, in logs, in billets, in twigs, in faggots or in similar forms; wood in chips or particles; sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
0
%
Description
Wood charcoal (including shell or nut charcoal), whether or not agglomerated
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
12
%
Description
Hoopwood; split poles; piles, pickets and stakes of wood, pointed but not sawn lengthwise; wooden sticks, roughly trimmed but not turned, bent or otherwise worked, suitable for the manufacture of walking sticks, umbrellas, tool handles or the like; chipwood and the like
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Railway or tramway sleepers (crossties) of wood
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Sheets for veneering (including those obtained by slicing laminated wood), for plywood or for similar laminated wood and other wood, sawn lengthwise, sliced or peeled, whether or not planed, sanded, spliced or end-jointed, of a thickness not exceeding 6 mm
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Wood (including strips and friezes for parquet flooring, not assembled) continuously shaped (tongued, grooved, rebated, chamfered, v-jointed, beaded, moulded, rounded or the like) along any of its edges or faces, whether or not planed, sanded or end-jointed
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Particle board, oriented strand board (osb) and similar board (for example, waferboard) of wood or other ligneous materials, whether or not agglomerated with resins or other organic binding substances
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Fibre board of wood or other ligneous materials, whether or not bonded with resins or other organic substances
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Plywood, veneered panels and similar laminated wood
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Densified wood, in blocks, plates, strips, or profile shapes
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Wooden frames for paintings, photographs, mirrors or similar objects
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Packing cases, boxes, crates, drums and similar packings, of wood; cable-drums of wood; pallets, box pallets and other load boards, of wood; pallet collars of wood
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Casks, barrels, vats, tubs and other coopers’ products and parts thereof, of wood, including staves
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Tools, tool bodies, tool handles, broom or brush bodies and handles, of wood; boot or shoe lasts and trees, of wood
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Builders’ joinery and carpentry of wood, including cellular wood panels, assembled flooring panels, shingles and shakes
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Tableware and kitchenware, of wood
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Wood marquetry and inlaid wood; caskets and cases for jewellery or cutlery, and similar articles, of wood; statuettes and other ornaments, of wood; wooden articles of furniture not falling in chapter 94
India’s Trade Performance — HSN Chapter 44 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₹4,991 Cr
−2.91%
vs FY 2023-24
0.1348% of India’s total exports
India’s Imports
FY 2024-25₹22,255 Cr
+18.08%
vs FY 2023-24
0.3649% of India’s total imports
Trade Balance
FY 2024-25−₹17,264 Cr
Trade Deficit
Surplus rank #79 of 97 chapters
At a glance
6.43%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#65
National Export Rank
of 97 chapters by export value, FY 2024-25
+58.61%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.5×
Export Growth · 7Y
₹3,433.08 Cr → ₹4,990.52 Cr
India Export-Import Trade Statistics for HSN Chapter 44
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 #60
Balance
−12,158.08
Exports
3,433.08 ₹ Cr
0.1488% share
— YoY
Imports
15,591.16 ₹ Cr
0.4338% share
— YoY
FY 2019-20
Exp. Rank #60
Balance
−11,107.09
Exports
3,134.63 ₹ Cr
0.1413% share
−8.69% YoY
Imports
14,241.72 ₹ Cr
0.4238% share
−8.66% YoY
FY 2020-21
Exp. Rank #61
Balance
−8,251.70
Exports
3,496.06 ₹ Cr
0.1620% share
+11.53% YoY
Imports
11,747.76 ₹ Cr
0.4029% share
−17.51% YoY
FY 2021-22
Exp. Rank #57
Balance
−9,606.84
Exports
5,545.24 ₹ Cr
0.1762% share
+58.61% YoY
Imports
15,152.08 ₹ Cr
0.3314% share
+28.98% YoY
FY 2022-23
Exp. Rank #59
Balance
−13,220.45
Exports
5,091.97 ₹ Cr
0.1406% share
−8.17% YoY
Imports
18,312.42 ₹ Cr
0.3185% share
+20.86% YoY
FY 2023-24
Exp. Rank #61
Balance
−13,707.49
Exports
5,139.85 ₹ Cr
0.1421% share
+0.94% YoY
Imports
18,847.34 ₹ Cr
0.3356% share
+2.92% YoY
FY 2024-25
Exp. Rank #65
Balance
−17,264.18
Exports
4,990.52 ₹ Cr
0.1348% share
−2.91% YoY
Imports
22,254.70 ₹ Cr
0.3649% share
+18.08% YoY
CAGR · 7-Year
Exports
6.43% /yr
Imports
6.11% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 44 Export-Import Analysis
HSN Chapter 44 Ranked #65 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 44 ranks #65 out of 97 chapters by total export value. By trade surplus, it ranks #79 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 44 Exports
The strongest single-year export movement for HSN Chapter 44 was recorded in FY 2021-22, when exports surged by 58.61% over the prior year.
India Records a Trade Deficit of ₹17,264.18 Crore in HSN Chapter 44 Goods
In FY 2024-25, India's imports of ₹22,254.70 Cr exceeded exports of ₹4,990.52 Cr, resulting in a trade deficit of ₹17,264.18 Crore — ranking #79 of 97 by surplus magnitude.
Import Growth of 6.11% CAGR Signals Stable Import Dependency for Wood and Articles of Wood; Wood Charcoal
India's imports under HSN Chapter 44 have grown at 6.11% CAGR, reaching ₹22,254.70 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.