Export Decline: −7.78% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2904 have declined at a compound annual rate of −7.78% over 7 fiscal years, falling from ₹1,382.67 Crore in FY 2018-19 to ₹850.53 Crore in FY 2024-25.
HSN Sub Chapter 2904 represents Hydrocarbon derivatives under GST classification. This code helps businesses identify Hydrocarbon derivatives correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2904, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Hydrocarbon derivatives.
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GST Rate for Hydrocarbon derivatives under HSN Code 2904. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Hydrocarbon derivatives.
Tariff HSN
Description
Derivatives containing only sulpho groups, their salts and ethyl esters : Benzene sulphonic acid
Tariff HSN
Description
Derivatives containing only sulpho groups, their salts and ethyl esters : 1,5 Napthelene disulphonic acid (Armstrong’s acid)
Tariff HSN
Description
Derivatives containing only sulpho groups, their salts and ethyl esters : Napthelene sulphonic acid
Tariff HSN
Description
Sulphonated, nitrated or nitrosated derivatives of hydrocarbons, whether or not halogenated - derivatives containing only sulpho groups, their salts and ethyl esters : vinyl sulphone
Tariff HSN
Description
Derivatives containing only sulpho groups, their salts and ethyl esters : Other
Tariff HSN
Description
Derivatives containing only nitro or only nitroso groups : Nitrobenzene
Tariff HSN
Description
Derivatives containing only nitro or only nitroso groups : Meta dinitrobenzene
Tariff HSN
Description
Derivatives containing only nitro or only nitroso groups : Meta nitrotoluene
Tariff HSN
Description
Derivatives containing only nitro or only nitroso groups : Ortho nitrotoluene
Tariff HSN
Description
Derivatives containing only nitro or only nitroso groups : Para nitrotoluene
Tariff HSN
Description
Derivatives containing only nitro or only nitroso groups : Dinitrotoluene
Tariff HSN
Description
Derivatives containing only nitro or only nitroso groups : Other
Tariff HSN
Description
Perfluorooctane sulphonic acid, its salts and perfluorooctane sulphonyl fluoride: Perfluorooctane sulphonic acid
Tariff HSN
Description
Perfluorooctane sulphonic acid, its salts and perfluorooctane sulphonyl fluoride: Ammonium perfluorooctane sulphonate
Tariff HSN
Description
Perfluorooctane sulphonic acid, its salts and perfluorooctane sulphonyl fluoride: Lithium perfluorooctane sulphonate
Tariff HSN
Description
Perfluorooctane sulphonic acid, its salts and perfluorooctane sulphonyl fluoride: Potassium perfluorooctane sulphonate
Tariff HSN
Description
Perfluorooctane sulphonic acid, its salts and perfluorooctane sulphonyl fluoride: Other salts of perfluorooctane sulphonic acid
Tariff HSN
Description
Perfluorooctane sulphonic acid, its salts and perfluorooctane sulphonyl fluoride: Perfluorooctane sulphonyl fluoride
Tariff HSN
Description
Sulphonated, nitrated or nitrosated derivatives of hydrocarbons, whether or not halogenated - other : 2,5 dichloro nitrobenzene
Tariff HSN
Description
Sulphonated, nitrated or nitrosated derivatives of hydrocarbons, whether or not halogenated - other : dinitrochlorobenzene
Tariff HSN
Description
Sulphonated, nitrated or nitrosated derivatives of hydrocarbons, whether or not halogenated - other : meta nitrochlorobenzene
Tariff HSN
Description
Sulphonated, nitrated or nitrosated derivatives of hydrocarbons, whether or not halogenated - other : ortho nitrochlorobenzene
Tariff HSN
Description
Sulphonated, nitrated or nitrosated derivatives of hydrocarbons, whether or not halogenated - other : para nitrochlorobenzene
Tariff HSN
Description
Sulphonated, nitrated or nitrosated derivatives of hydrocarbons, whether or not halogenated - other : 2-nitrochlorotoluene
Tariff HSN
Description
Sulphonated, nitrated or nitrosated derivatives of hydrocarbons, whether or not halogenated - other : sodium meta nitrobenzene sulphonate
Tariff HSN
Description
Chloropicrin(trichloronitro-methane)
Tariff HSN
Description
Sulphonated, nitrated or nitrosated derivatives of hydrocarbons, whether or not halogenated - other : other
Tariff HSN
Description
Other: Trichloronitromethane (chloropicrin)
Tariff HSN
Description
Other : 2,5 dichloro nitrobenzene
Tariff HSN
Description
Other : Dinitrochlorobenzene
Tariff HSN
Description
Other : Meta nitrochlorobenzene
Tariff HSN
Description
Other : Ortho nitrochlorobenzene
Tariff HSN
Description
Other : Para nitrochlorobenzene
Tariff HSN
Description
Other : 2-nitrochlorotoluene
Tariff HSN
Description
Other : Sodium meta nitrobenzene sulphonate
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹851 Cr
0.0230% of India’s total exports
India’s Imports
FY 2024-25₹1,032 Cr
0.0169% of India’s total imports
Trade Balance
FY 2024-25−₹181 Cr
Surplus rank #767 of 1233 subchapters
% of Chapter 29
FY 2024-250.50%
Share of Chapter 29’s total exports in FY 2024-25
Import side: 0.46% of Chapter 29’s imports
Rank Within Chapter 29
FY 2024-25#30 of 42
Position by export value among subchapters in Chapter 29
Import-side rank: #30 of 42
At a glance
−7.78%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#415
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+43.46%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.50%
Contribution to Ch. 29
Share of Chapter 29 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+588.59
Exports
1,382.67 ₹ Cr
0.0602% share
— YoY
1.08% of Ch. 29
Imports
794.08 ₹ Cr
0.0221% share
— YoY
0.51% of Ch. 29
Balance
+144.31
Exports
938.53 ₹ Cr
0.0425% share
−32.12% YoY
0.76% of Ch. 29
Imports
794.22 ₹ Cr
0.0237% share
+0.02% YoY
0.57% of Ch. 29
Balance
−239.57
Exports
634.01 ₹ Cr
0.0295% share
−32.45% YoY
0.48% of Ch. 29
Imports
873.58 ₹ Cr
0.0300% share
+9.99% YoY
0.60% of Ch. 29
Balance
−260.66
Exports
909.57 ₹ Cr
0.0290% share
+43.46% YoY
0.55% of Ch. 29
Imports
1,170.23 ₹ Cr
0.0256% share
+33.96% YoY
0.55% of Ch. 29
Balance
−419.87
Exports
869.93 ₹ Cr
0.0240% share
−4.36% YoY
0.51% of Ch. 29
Imports
1,289.80 ₹ Cr
0.0224% share
+10.22% YoY
0.56% of Ch. 29
Balance
−279.61
Exports
782.94 ₹ Cr
0.0216% share
−10.00% YoY
0.47% of Ch. 29
Imports
1,062.55 ₹ Cr
0.0189% share
−17.62% YoY
0.48% of Ch. 29
Balance
−181.08
Exports
850.53 ₹ Cr
0.0230% share
+8.63% YoY
0.50% of Ch. 29
Imports
1,031.61 ₹ Cr
0.0169% share
−2.91% YoY
0.46% of Ch. 29
CAGR · 7-Year
Exports
−7.78% /yr
Imports
4.46% /yr
reference, FY 2024-25
Export
₹1,70,243.54 Cr
Import
₹2,24,781.99 Cr
Trade Balance
−54,538.45
India's exports under HSN Sub-Chapter 2904 have declined at a compound annual rate of −7.78% over 7 fiscal years, falling from ₹1,382.67 Crore in FY 2018-19 to ₹850.53 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2904 ranks #415 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #30 of 42. By trade surplus, it ranks #767 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2904 was recorded in FY 2021-22, when exports surged by 43.46% over the prior year.
In FY 2024-25, India's imports of ₹1,031.61 Cr exceeded exports of ₹850.53 Cr, resulting in a trade deficit of ₹181.08 Crore — ranking #767 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2904 have grown at 4.46% CAGR, reaching ₹1,031.61 Crore in FY 2024-25.
Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2904 ranks #30 by export value — accounting for 0.50% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.46% share (rank #30).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 2904 and GST compliance.
It includes Hydrocarbon derivatives
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.