Export Decline: −2.32% CAGR Over 7 Years
India's exports under HSN Chapter 91 have declined at a compound annual rate of −2.32% over 7 fiscal years, falling from ₹705.10 Crore in FY 2018-19 to ₹612.57 Crore in FY 2024-25.
91 HSN Code: Clocks & Watches, Its Part Etc
HSN Chapter 91 represents Clocks & Watches, Its Part Etc under GST classification. This code helps businesses identify Clocks & Watches, Its Part Etc correctly for billing, taxation, and trade purposes. With HSN Chapter 91, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Clocks & Watches, Its Part Etc.
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Sub-chapters under HSN Chapter 91
Following Sub Chapters fall under Clocks & Watches, Its Part Etc:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Wrist-watches, pocket-watches and other watches, including stop-watches, with case of precious metal or of metal clad with precious metal
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Wrist-watches, pocket-watches and other watches, including stop watches, other than those of heading
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Clocks with watch movements, excluding clocks of heading 9104
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Instrument panel clocks and clocks of a similar type for vehicles, aircraft, spacecraft or vessels
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Time of day recording apparatus and apparatus for measuring, recording or otherwise indicating intervals of time, with clock or watch movement or with synchronous motor (for example, timeregisters, time-recorders)
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Time switches with clock or watch movement or with synchronous motor
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Watch movements, complete and assembled
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Clock movements, complete and assembled
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Complete watch or clock movements, unassembled or partly assembled (movement sets); incomplete watch or clock movements, assembled; rough watch or clock movements
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Watch cases and parts thereof
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Clock cases and cases of a similar type for other goods of this chapter, and parts thereof
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Watch straps, watch bands and watch bracelets, and parts thereof
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Other clock or watch parts
India’s Trade Performance — HSN Chapter 91 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₹613 Cr
−19.65%
vs FY 2023-24
0.0165% of India’s total exports
India’s Imports
FY 2024-25₹5,531 Cr
+15.23%
vs FY 2023-24
0.0907% of India’s total imports
Trade Balance
FY 2024-25−₹4,918 Cr
Trade Deficit
Surplus rank #70 of 97 chapters
At a glance
−2.32%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#86
National Export Rank
of 97 chapters by export value, FY 2024-25
+20.83%
Peak Growth Year
FY 2023-24 · strongest single-year move
0.9×
Export Growth · 7Y
₹705.10 Cr → ₹612.57 Cr
India Export-Import Trade Statistics for HSN Chapter 91
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 #81
Balance
−1,959.52
Exports
705.10 ₹ Cr
0.0306% share
— YoY
Imports
2,664.62 ₹ Cr
0.0741% share
— YoY
FY 2019-20
Exp. Rank #82
Balance
−1,848.50
Exports
632.03 ₹ Cr
0.0285% share
−10.36% YoY
Imports
2,480.53 ₹ Cr
0.0738% share
−6.91% YoY
FY 2020-21
Exp. Rank #82
Balance
−1,187.50
Exports
552.34 ₹ Cr
0.0256% share
−12.61% YoY
Imports
1,739.84 ₹ Cr
0.0597% share
−29.86% YoY
FY 2021-22
Exp. Rank #84
Balance
−2,259.97
Exports
650.51 ₹ Cr
0.0207% share
+17.77% YoY
Imports
2,910.48 ₹ Cr
0.0636% share
+67.28% YoY
FY 2022-23
Exp. Rank #86
Balance
−3,129.73
Exports
630.97 ₹ Cr
0.0174% share
−3.00% YoY
Imports
3,760.70 ₹ Cr
0.0654% share
+29.21% YoY
FY 2023-24
Exp. Rank #85
Balance
−4,037.49
Exports
762.41 ₹ Cr
0.0211% share
+20.83% YoY
Imports
4,799.90 ₹ Cr
0.0855% share
+27.63% YoY
FY 2024-25
Exp. Rank #86
Balance
−4,918.46
Exports
612.57 ₹ Cr
0.0165% share
−19.65% YoY
Imports
5,531.03 ₹ Cr
0.0907% share
+15.23% YoY
CAGR · 7-Year
Exports
−2.32% /yr
Imports
12.94% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 91 Export-Import Analysis
HSN Chapter 91 Ranked #86 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 91 ranks #86 out of 97 chapters by total export value. By trade surplus, it ranks #70 of 97.
FY 2023-24 Was the Strongest Growth Year for HSN Chapter 91 Exports
The strongest single-year export movement for HSN Chapter 91 was recorded in FY 2023-24, when exports surged by 20.83% over the prior year.
India Records a Trade Deficit of ₹4,918.46 Crore in HSN Chapter 91 Goods
In FY 2024-25, India's imports of ₹5,531.03 Cr exceeded exports of ₹612.57 Cr, resulting in a trade deficit of ₹4,918.46 Crore — ranking #70 of 97 by surplus magnitude.
Import Growth of 12.94% CAGR Signals Rising Demand for Clocks & Watches, Its Part Etc
India's imports under HSN Chapter 91 have grown at 12.94% CAGR, reaching ₹5,531.03 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.