Export Decline: −2.51% CAGR Over 7 Years
India's exports under HSN Chapter 86 have declined at a compound annual rate of −2.51% over 7 fiscal years, falling from ₹3,515.96 Crore in FY 2018-19 to ₹3,019.47 Crore in FY 2024-25.
86 HSN Code: Tramway/Railway Locomotives & Rolling Stock
HSN Chapter 86 represents Tramway/Railway Locomotives & Rolling Stock under GST classification. This code helps businesses identify Tramway/Railway Locomotives & Rolling Stock correctly for billing, taxation, and trade purposes. With HSN Chapter 86, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Tramway/Railway Locomotives & Rolling Stock.
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Sub-chapters under HSN Chapter 86
Following Sub Chapters fall under Tramway/Railway Locomotives & Rolling Stock:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Rail locomotives powered from an external source of electricity or by electric accumulators
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Other rail locomotives; locomotive tender
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Self-propelled railway or tramway coaches, vans and trucks, other than those of heading 8604
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Railway or tramway maintenance or service vehicles whether or not self-propelled (for example, workshops, cranes, ballast tampers, track-liners,testing coaches and track inspection vehicles)
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Railway or tramway passenger coaches, not self-propelled; luggage vans, post office coaches and other special purpose railway or tramway coaches, not self-propelled (excluding those of heading 8604)
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Railway or tramway goods vans and wagons, not self-propelled
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Parts of railway or tramway locomotives or rolling-stock
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Railway or tramway track fixtures and fittings; mechanical (including electomechanical) signalling, safety or traffic control equipment for railway, tramways, roads, inland waterways, parking facilities, port installation or air-fields; parts of the foregoing
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Containers (including containers for the transport of fluids) specially designed and equipped for carriage by one or more modes of transport
India’s Trade Performance — HSN Chapter 86 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₹3,019 Cr
+15.69%
vs FY 2023-24
0.0815% of India’s total exports
India’s Imports
FY 2024-25₹6,328 Cr
−1.64%
vs FY 2023-24
0.1038% of India’s total imports
Trade Balance
FY 2024-25−₹3,309 Cr
Trade Deficit
Surplus rank #65 of 97 chapters
At a glance
−2.51%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#75
National Export Rank
of 97 chapters by export value, FY 2024-25
+144.05%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.9×
Export Growth · 7Y
₹3,515.96 Cr → ₹3,019.47 Cr
India Export-Import Trade Statistics for HSN Chapter 86
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 #59
Balance
−1,405.56
Exports
3,515.96 ₹ Cr
0.1524% share
— YoY
Imports
4,921.52 ₹ Cr
0.1369% share
— YoY
FY 2019-20
Exp. Rank #71
Balance
−1,647.57
Exports
1,822.57 ₹ Cr
0.0822% share
−48.16% YoY
Imports
3,470.14 ₹ Cr
0.1033% share
−29.49% YoY
FY 2020-21
Exp. Rank #74
Balance
−2,564.71
Exports
1,271.34 ₹ Cr
0.0589% share
−30.24% YoY
Imports
3,836.05 ₹ Cr
0.1316% share
+10.54% YoY
FY 2021-22
Exp. Rank #69
Balance
−708.77
Exports
3,102.72 ₹ Cr
0.0986% share
+144.05% YoY
Imports
3,811.49 ₹ Cr
0.0834% share
−0.64% YoY
FY 2022-23
Exp. Rank #72
Balance
−2,260.48
Exports
2,971.18 ₹ Cr
0.0821% share
−4.24% YoY
Imports
5,231.66 ₹ Cr
0.0910% share
+37.26% YoY
FY 2023-24
Exp. Rank #75
Balance
−3,823.83
Exports
2,609.91 ₹ Cr
0.0721% share
−12.16% YoY
Imports
6,433.74 ₹ Cr
0.1146% share
+22.98% YoY
FY 2024-25
Exp. Rank #75
Balance
−3,308.76
Exports
3,019.47 ₹ Cr
0.0815% share
+15.69% YoY
Imports
6,328.23 ₹ Cr
0.1038% share
−1.64% YoY
CAGR · 7-Year
Exports
−2.51% /yr
Imports
4.28% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 86 Export-Import Analysis
HSN Chapter 86 Ranked #75 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 86 ranks #75 out of 97 chapters by total export value. By trade surplus, it ranks #65 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 86 Exports
The strongest single-year export movement for HSN Chapter 86 was recorded in FY 2021-22, when exports surged by 144.05% over the prior year.
India Records a Trade Deficit of ₹3,308.76 Crore in HSN Chapter 86 Goods
In FY 2024-25, India's imports of ₹6,328.23 Cr exceeded exports of ₹3,019.47 Cr, resulting in a trade deficit of ₹3,308.76 Crore — ranking #65 of 97 by surplus magnitude.
Import Growth of 4.28% CAGR Signals Stable Import Dependency for Tramway/Railway Locomotives & Rolling Stock
India's imports under HSN Chapter 86 have grown at 4.28% CAGR, reaching ₹6,328.23 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.