Consistent Export Growth: 0.07% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 5503 have grown at a compound annual rate of 0.07% over 7 fiscal years, rising from ₹2,619.12 Crore in FY 2018-19 to ₹2,630.42 Crore in FY 2024-25.
HSN Sub Chapter 5503 represents Soups & food preparations under GST classification. This code helps businesses identify Soups & food preparations correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5503, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Soups & food preparations.
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GST Rate for Soups & food preparations under HSN Code 5503. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Soups & food preparations.
Tariff HSN
Description
Synthetic staple fibres, not carded, combed or otherwise processed for spinning - of nylon or other polyamides
Tariff HSN
Description
Synthetic staple fibres, not carded, combed or otherwise processed for spinning - of nylon or other polyamides - of aramides
Tariff HSN
Description
Of nylon or other polyamides : Of aramids :Aramid Flame Retardant Fibre
Tariff HSN
Description
Of nylon or other polyamides : Of aramids:Para-aramid Fibre
Tariff HSN
Description
Of nylon or other polyamides : Of aramids: Other
Tariff HSN
Description
Synthetic staple fibres, not carded, combed or otherwise processed for spinning - of nylon or other polyamides-others
Tariff HSN
Description
Of nylon or other polyamides : Other :Nylon Staple Fibre
Tariff HSN
Description
Of nylon or other polyamides : Other : Nylon Anti Static Staple Fibre
Tariff HSN
Description
Of nylon or other polyamides : Other : Nylon 66 fibre conforming to IS 13464
Tariff HSN
Description
Of nylon or other polyamides : Other : Other
Tariff HSN
Description
Of polyesters
Tariff HSN
Description
Synthetic staple fibres, not carded, combed or otherwise processed for spinning - acrylic or modacrylic
Tariff HSN
Description
Acrylic or modacrylic :Pre Oxidised Fibre, conforming to IS 17308
Tariff HSN
Description
Acrylic or modacrylic :Other
Tariff HSN
Description
Of polypropylene
Tariff HSN
Description
Other : Polyvinyl staple fibre
Tariff HSN
Description
Other : Polyvinyl chloride staple fibre
Tariff HSN
Description
Other :Ultra high molecular weight polyethylene staple fibre conforming to ASTM F2848
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹2,630 Cr
0.0710% of India’s total exports
India’s Imports
FY 2024-25₹1,680 Cr
0.0275% of India’s total imports
Trade Balance
FY 2024-25₹951 Cr
Surplus rank #189 of 1233 subchapters
% of Chapter 55
FY 2024-2519.28%
Share of Chapter 55’s total exports in FY 2024-25
Import side: 23.65% of Chapter 55’s imports
Rank Within Chapter 55
FY 2024-25#3 of 16
Position by export value among subchapters in Chapter 55
Import-side rank: #1 of 16
At a glance
0.07%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#220
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+87.61%
Peak Growth Year
FY 2021-22 · strongest single-year move
19.28%
Contribution to Ch. 55
Share of Chapter 55 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
+1,099.64
Exports
2,619.12 ₹ Cr
0.1141% share
— YoY
19.68% of Ch. 55
Imports
1,519.48 ₹ Cr
0.0423% share
— YoY
23.35% of Ch. 55
Balance
+759.90
Exports
2,401.94 ₹ Cr
0.1087% share
−8.29% YoY
20.31% of Ch. 55
Imports
1,642.04 ₹ Cr
0.0489% share
+8.07% YoY
24.20% of Ch. 55
Balance
+687.89
Exports
1,856.19 ₹ Cr
0.0863% share
−22.72% YoY
19.42% of Ch. 55
Imports
1,168.30 ₹ Cr
0.0401% share
−28.85% YoY
18.90% of Ch. 55
Balance
+1,991.61
Exports
3,482.39 ₹ Cr
0.1110% share
+87.61% YoY
22.61% of Ch. 55
Imports
1,490.78 ₹ Cr
0.0326% share
+27.60% YoY
19.33% of Ch. 55
Balance
+753.82
Exports
2,585.80 ₹ Cr
0.0714% share
−25.75% YoY
18.10% of Ch. 55
Imports
1,831.98 ₹ Cr
0.0319% share
+22.89% YoY
18.65% of Ch. 55
Balance
+608.76
Exports
2,042.43 ₹ Cr
0.0564% share
−21.01% YoY
15.05% of Ch. 55
Imports
1,433.67 ₹ Cr
0.0255% share
−21.74% YoY
19.22% of Ch. 55
Balance
+950.54
Exports
2,630.42 ₹ Cr
0.0710% share
+28.79% YoY
19.28% of Ch. 55
Imports
1,679.88 ₹ Cr
0.0275% share
+17.17% YoY
23.65% of Ch. 55
CAGR · 7-Year
Exports
0.07% /yr
Imports
1.69% /yr
reference, FY 2024-25
Export
₹13,643.30 Cr
Import
₹7,102.61 Cr
Trade Balance
+6,540.69
India's exports under HSN Sub-Chapter 5503 have grown at a compound annual rate of 0.07% over 7 fiscal years, rising from ₹2,619.12 Crore in FY 2018-19 to ₹2,630.42 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 5503 ranks #220 out of 1233 subchapters by total export value. Within Chapter 55, it ranks #3 of 16. By trade surplus, it ranks #189 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 5503 was recorded in FY 2021-22, when exports surged by 87.61% over the prior year.
In FY 2024-25, India's exports of ₹2,630.42 Cr exceeded imports of ₹1,679.88 Cr, resulting in a trade surplus of ₹950.54 Crore — ranking #189 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 5503 have grown at 1.69% CAGR, reaching ₹1,679.88 Crore in FY 2024-25.
Among the 16 subchapters under Chapter 55, HSN Sub-Chapter 5503 ranks #3 by export value — accounting for 19.28% of the chapter's total exports in FY 2024-25. On the import side, it holds 23.65% share (rank #1).
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 5503 and GST compliance.
It includes Soups & food preparations
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Soups & food preparations are forward charge. Check the current notifications for any special cases before deciding.
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.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Soups & food preparations is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.