Consistent Export Growth: 13.45% CAGR Over 7 Years
India's exports under HSN Chapter 47 have grown at a compound annual rate of 13.45% over 7 fiscal years, rising from ₹24.77 Crore in FY 2018-19 to ₹52.81 Crore in FY 2024-25.
47 HSN Code: Pulp of wood or of other Fibrous Cellulosic Material; Recovered (Waste and Scrap) Paper or Paperboard
HSN Chapter 47 represents Pulp of wood or of other Fibrous Cellulosic Material; Recovered (Waste and Scrap) Paper or Paperboard under GST classification. This code helps businesses identify Pulp of wood or of other Fibrous Cellulosic Material; Recovered (Waste and Scrap) Paper or Paperboard correctly for billing, taxation, and trade purposes. With HSN Chapter 47, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Pulp of wood or of other Fibrous Cellulosic Material; Recovered (Waste and Scrap) Paper or Paperboard.
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Sub-chapters under HSN Chapter 47
Following Sub Chapters fall under Pulp of wood or of other Fibrous Cellulosic Material; Recovered (Waste and Scrap) Paper or Paperboard:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Chemical wood pulp, dissolving grades
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Chemical wood pulp, soda or sulphate, other than dissolving grades
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Chemical wood pulp, sulphite, other than dissolving grades
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Wood pulp obtained by a combination of mechanical and chemical pulping processes
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Pulps of fibres derived from recovered (waste and scrap) paper or paperboard or of other fibrous cellulosic material
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Recovered (waste and scrap) paper or paperboard
India’s Trade Performance — HSN Chapter 47 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₹53 Cr
−28.23%
vs FY 2023-24
0.0014% of India’s total exports
India’s Imports
FY 2024-25₹27,453 Cr
+5.71%
vs FY 2023-24
0.4502% of India’s total imports
Trade Balance
FY 2024-25−₹27,400 Cr
Trade Deficit
Surplus rank #82 of 97 chapters
At a glance
13.45%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#95
National Export Rank
of 97 chapters by export value, FY 2024-25
+152.24%
Peak Growth Year
FY 2019-20 · strongest single-year move
2.1×
Export Growth · 7Y
₹24.77 Cr → ₹52.81 Cr
India Export-Import Trade Statistics for HSN Chapter 47
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 #96
Balance
−18,296.67
Exports
24.77 ₹ Cr
0.0011% share
— YoY
Imports
18,321.44 ₹ Cr
0.5097% share
— YoY
FY 2019-20
Exp. Rank #95
Balance
−16,471.13
Exports
62.48 ₹ Cr
0.0028% share
+152.24% YoY
Imports
16,533.61 ₹ Cr
0.4920% share
−9.76% YoY
FY 2020-21
Exp. Rank #91
Balance
−14,480.76
Exports
80.08 ₹ Cr
0.0037% share
+28.17% YoY
Imports
14,560.84 ₹ Cr
0.4994% share
−11.93% YoY
FY 2021-22
Exp. Rank #97
Balance
−25,708.38
Exports
15.26 ₹ Cr
0.0005% share
−80.94% YoY
Imports
25,723.64 ₹ Cr
0.5626% share
+76.66% YoY
FY 2022-23
Exp. Rank #97
Balance
−32,194.31
Exports
29.67 ₹ Cr
0.0008% share
+94.43% YoY
Imports
32,223.98 ₹ Cr
0.5604% share
+25.27% YoY
FY 2023-24
Exp. Rank #95
Balance
−25,897.15
Exports
73.58 ₹ Cr
0.0020% share
+147.99% YoY
Imports
25,970.73 ₹ Cr
0.4624% share
−19.41% YoY
FY 2024-25
Exp. Rank #95
Balance
−27,399.96
Exports
52.81 ₹ Cr
0.0014% share
−28.23% YoY
Imports
27,452.77 ₹ Cr
0.4502% share
+5.71% YoY
CAGR · 7-Year
Exports
13.45% /yr
Imports
6.97% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 47 Export-Import Analysis
HSN Chapter 47 Ranked #95 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 47 ranks #95 out of 97 chapters by total export value. By trade surplus, it ranks #82 of 97.
FY 2019-20 Was the Strongest Growth Year for HSN Chapter 47 Exports
The strongest single-year export movement for HSN Chapter 47 was recorded in FY 2019-20, when exports surged by 152.24% over the prior year.
India Records a Trade Deficit of ₹27,399.96 Crore in HSN Chapter 47 Goods
In FY 2024-25, India's imports of ₹27,452.77 Cr exceeded exports of ₹52.81 Cr, resulting in a trade deficit of ₹27,399.96 Crore — ranking #82 of 97 by surplus magnitude.
Import Growth of 6.97% CAGR Signals Stable Import Dependency for Pulp of wood or of other Fibrous Cellulosic Material; Recovered (Waste and Scrap) Paper or Paperboard
India's imports under HSN Chapter 47 have grown at 6.97% CAGR, reaching ₹27,452.77 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.