Consistent Export Growth: 9.14% CAGR Over 7 Years
India's exports under HSN Chapter 73 have grown at a compound annual rate of 9.14% over 7 fiscal years, rising from ₹50,982.97 Crore in FY 2018-19 to ₹86,156.43 Crore in FY 2024-25.
73 HSN Code: Articles Made of Iron/Steel
HSN Chapter 73 represents Articles Made of Iron/Steel under GST classification. This code helps businesses identify Articles Made of Iron/Steel correctly for billing, taxation, and trade purposes. With HSN Chapter 73, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Articles Made of Iron/Steel.
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Sub-chapters under HSN Chapter 73
Following Sub Chapters fall under Articles Made of Iron/Steel:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Sheet piling of iron or steel, whether or not drilled, punched or made from assembled elements; welded angles, shapes and sections, of iron or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Railway or tramway track construction material of iron or steel, the following: rails, check-rails and rack rails, switch blades, crossing frogs, point rods and other crossing pieces, sleepers (cross-ties), fish- plates, chairs, chair wedges, sole plates (base plates), rail clips, bedplates, ties and other material specialized for jointing or fixing rails
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Tubes, pipes and hollow profiles, of cast iron
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Other tubes and pipes (for example, welded, riveted or similarly closed), having circular cross-sections, the external diameter of which exceeds 406.4 mm, of iron or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Tube or pipe fittings (for example, couplings, elbows, sleeves), of iron or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Structures (excluding prefabricated buildings of heading 9406) and parts of structures (for example, bridges and bridge-sections, lock- gates, towers, lattice masts, roofs, roofing frame-works, doors and windows and their frames and thresholds for doors, shutters, balustrades, pillars and columns), of iron or steel; plates, rods, angles, shapes, sections, tubes and the like, prepared for use in structures, of iron or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 l, whether or not lined or heat-insulated, but not fitted with mechanical or thermal equipment
Sub Chapter
New GST Rate
40
%
Standard
Old GST Rate
18
%
Description
Tanks, casks, drums, cans, boxes and similar containers, for any material (other than compressed or liquefied gas), of iron or steel, of a capacity not exceeding 300 l, whether or not lined or heat-insulated, but not fitted with mechanical or thermal equipment
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Containers for compressed or liquefied gas, of iron or steel
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Barbed wire of iron or steel; twisted hoop or single flat wire, barbed or not, and loosely twisted double wire, of a kind used for fencing, of iron or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Cloth (including endless bands), grill, netting and fencing, of iron or steel wire; expanded metal of iron or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Chain and parts thereof, of iron or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Anchors, grapnels and parts thereof, of iron or steel
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Nails, tacks, drawing pins, corrugated nails, staples (other than those of heading 8305) and similar articles, of iron or steel, whether or not with heads of other material, but excluding such articles with heads of copper
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Screws, bolts, nuts, coach-screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Sewing needles, knitting needles, bodkins, crochet hooks, embroidery stilettos and similar articles, for use in the hand, of iron or steel; safety pins and other pins, of iron or steel, not elsewhere specified or included
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Springs and leaves for springs, of iron or steel
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Stoves, ranges, grates, cookers (including those with subsidiary boilers for central heating), barbecues, braziers, gas-rings, plate warmers and similar non-electric domestic appliances, and parts thereof, of iron or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Radiators for central heating, not electrically heated, and parts thereof, of iron or steel; air heaters and hot air distributors (including distributors which can also distribute fresh or conditioned air), not electrically heated, incorporating a motordriven fan or blower, and parts thereof, of iron or steel
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Table, kitchen or other household articles and parts thereof, of iron or steel; iron or steel wool; pot scourers and scouring or polishing pads, gloves and the like, of iron or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Sanitary ware and parts thereof, of iron or steel
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Other cast articles of iron or steel
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Other articles of iron or steel
India’s Trade Performance — HSN Chapter 73 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₹86,156 Cr
+4.70%
vs FY 2023-24
2.3264% of India’s total exports
India’s Imports
FY 2024-25₹44,501 Cr
+5.13%
vs FY 2023-24
0.7297% of India’s total imports
Trade Balance
FY 2024-25₹41,655 Cr
Trade Surplus
Surplus rank #8 of 97 chapters
At a glance
9.14%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#9
National Export Rank
of 97 chapters by export value, FY 2024-25
+35.22%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.7×
Export Growth · 7Y
₹50,982.97 Cr → ₹86,156.43 Cr
India Export-Import Trade Statistics for HSN Chapter 73
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 #14
Balance
+15,325.12
Exports
50,982.97 ₹ Cr
2.2102% share
— YoY
Imports
35,657.85 ₹ Cr
0.9921% share
— YoY
FY 2019-20
Exp. Rank #11
Balance
+16,898.34
Exports
49,843.10 ₹ Cr
2.2468% share
−2.24% YoY
Imports
32,944.76 ₹ Cr
0.9803% share
−7.61% YoY
FY 2020-21
Exp. Rank #11
Balance
+20,815.55
Exports
48,761.35 ₹ Cr
2.2593% share
−2.17% YoY
Imports
27,945.80 ₹ Cr
0.9584% share
−15.17% YoY
FY 2021-22
Exp. Rank #13
Balance
+30,826.49
Exports
65,933.64 ₹ Cr
2.0954% share
+35.22% YoY
Imports
35,107.15 ₹ Cr
0.7678% share
+25.63% YoY
FY 2022-23
Exp. Rank #10
Balance
+40,325.32
Exports
78,813.60 ₹ Cr
2.1767% share
+19.53% YoY
Imports
38,488.28 ₹ Cr
0.6694% share
+9.63% YoY
FY 2023-24
Exp. Rank #10
Balance
+39,962.09
Exports
82,290.58 ₹ Cr
2.2744% share
+4.41% YoY
Imports
42,328.49 ₹ Cr
0.7537% share
+9.98% YoY
FY 2024-25
Exp. Rank #9
Balance
+41,655.19
Exports
86,156.43 ₹ Cr
2.3264% share
+4.70% YoY
Imports
44,501.24 ₹ Cr
0.7297% share
+5.13% YoY
CAGR · 7-Year
Exports
9.14% /yr
Imports
3.76% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 73 Export-Import Analysis
HSN Chapter 73 Ranked #9 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 73 ranks #9 out of 97 chapters by total export value. By trade surplus, it ranks #8 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 73 Exports
The strongest single-year export movement for HSN Chapter 73 was recorded in FY 2021-22, when exports surged by 35.22% over the prior year.
India Maintains a Trade Surplus of ₹41,655.19 Crore in HSN Chapter 73 Goods
In FY 2024-25, India's exports of ₹86,156.43 Cr exceeded imports of ₹44,501.24 Cr, resulting in a trade surplus of ₹41,655.19 Crore — ranking #8 of 97 by surplus magnitude.
Import Growth of 3.76% CAGR Signals Stable Import Dependency for Articles Made of Iron/Steel
India's imports under HSN Chapter 73 have grown at 3.76% CAGR, reaching ₹44,501.24 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.