Export Decline: −3.22% CAGR Over 7 Years
India's exports under HSN Chapter 51 have declined at a compound annual rate of −3.22% over 7 fiscal years, falling from ₹1,390.17 Crore in FY 2018-19 to ₹1,142.39 Crore in FY 2024-25.
51 HSN Code: Wool, fine or coarse animal hair; horsehair yarn and woven fabric
HSN Chapter 51 represents Wool, fine or coarse animal hair; horsehair yarn and woven fabric under GST classification. This code helps businesses identify Wool, fine or coarse animal hair; horsehair yarn and woven fabric correctly for billing, taxation, and trade purposes. With HSN Chapter 51, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Wool, fine or coarse animal hair; horsehair yarn and woven fabric .
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Sub-chapters under HSN Chapter 51
Following Sub Chapters fall under Wool, fine or coarse animal hair; horsehair yarn and woven fabric :
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Fine or coarse animal hair, not carded or combed
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
0
%
Description
Waste of wool or of fine or coarse animal hair, including yarn waste but excluding garnetted stock
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
0
%
Description
Garnetted stock of wool or of fine or coarse animal hair
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
0
%
Description
Wool and fine or coarse animal hair, carded or combed (including combed wool in fragments)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Yarn of carded wool, not put up for retail sale
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Yarn of combed wool, not put up for retail sale
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Yarn of fine animal hair (carded or combed), not put up for retail sale
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Yarn of wool or fine animal hair, put up for retail sale
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Yarn of coarse animal hair or of horse hair (including gimped horsehair yarn), whether or not put up for retail sale
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Woven fabrics of carded wool or of carded fine animal hair
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Woven fabrics of combed wool or of combed fine animal hair
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Woven fabrics of coarse animal hair or of horse hair
India’s Trade Performance — HSN Chapter 51 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₹1,142 Cr
−16.51%
vs FY 2023-24
0.0308% of India’s total exports
India’s Imports
FY 2024-25₹2,469 Cr
−2.98%
vs FY 2023-24
0.0405% of India’s total imports
Trade Balance
FY 2024-25−₹1,326 Cr
Trade Deficit
Surplus rank #57 of 97 chapters
At a glance
−3.22%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#83
National Export Rank
of 97 chapters by export value, FY 2024-25
+53.33%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.8×
Export Growth · 7Y
₹1,390.17 Cr → ₹1,142.39 Cr
India Export-Import Trade Statistics for HSN Chapter 51
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 #74
Balance
−1,289.04
Exports
1,390.17 ₹ Cr
0.0603% share
— YoY
Imports
2,679.21 ₹ Cr
0.0745% share
— YoY
FY 2019-20
Exp. Rank #75
Balance
−922.34
Exports
1,134.29 ₹ Cr
0.0511% share
−18.41% YoY
Imports
2,056.63 ₹ Cr
0.0612% share
−23.24% YoY
FY 2020-21
Exp. Rank #79
Balance
−563.95
Exports
656.32 ₹ Cr
0.0304% share
−42.14% YoY
Imports
1,220.27 ₹ Cr
0.0418% share
−40.67% YoY
FY 2021-22
Exp. Rank #78
Balance
−1,077.94
Exports
1,006.35 ₹ Cr
0.0320% share
+53.33% YoY
Imports
2,084.29 ₹ Cr
0.0456% share
+70.81% YoY
FY 2022-23
Exp. Rank #78
Balance
−1,181.94
Exports
1,377.26 ₹ Cr
0.0380% share
+36.86% YoY
Imports
2,559.20 ₹ Cr
0.0445% share
+22.79% YoY
FY 2023-24
Exp. Rank #79
Balance
−1,176.40
Exports
1,368.31 ₹ Cr
0.0378% share
−0.65% YoY
Imports
2,544.71 ₹ Cr
0.0453% share
−0.57% YoY
FY 2024-25
Exp. Rank #83
Balance
−1,326.46
Exports
1,142.39 ₹ Cr
0.0308% share
−16.51% YoY
Imports
2,468.85 ₹ Cr
0.0405% share
−2.98% YoY
CAGR · 7-Year
Exports
−3.22% /yr
Imports
−1.35% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 51 Export-Import Analysis
HSN Chapter 51 Ranked #83 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 51 ranks #83 out of 97 chapters by total export value. By trade surplus, it ranks #57 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 51 Exports
The strongest single-year export movement for HSN Chapter 51 was recorded in FY 2021-22, when exports surged by 53.33% over the prior year.
India Records a Trade Deficit of ₹1,326.46 Crore in HSN Chapter 51 Goods
In FY 2024-25, India's imports of ₹2,468.85 Cr exceeded exports of ₹1,142.39 Cr, resulting in a trade deficit of ₹1,326.46 Crore — ranking #57 of 97 by surplus magnitude.
Import Growth of −1.35% CAGR Signals Stable Import Dependency for Wool, fine or coarse animal hair; horsehair yarn and woven fabric
India's imports under HSN Chapter 51 have grown at −1.35% CAGR, reaching ₹2,468.85 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.