Export Decline: −0.14% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 5508 have declined at a compound annual rate of −0.14% over 7 fiscal years, falling from ₹52.40 Crore in FY 2018-19 to ₹51.95 Crore in FY 2024-25.
HSN Sub Chapter 5508 represents Fresh onions & garlic under GST classification. This code helps businesses identify Fresh onions & garlic correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5508, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Fresh onions & garlic.
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GST Rate for Fresh onions & garlic under HSN Code 5508. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Fresh onions & garlic.
India’s Exports
FY 2024-25₹52 Cr
0.0014% of India’s total exports
India’s Imports
FY 2024-25₹11 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25₹41 Cr
Surplus rank #439 of 1233 subchapters
% of Chapter 55
FY 2024-250.38%
Share of Chapter 55’s total exports in FY 2024-25
Import side: 0.15% of Chapter 55’s imports
Rank Within Chapter 55
FY 2024-25#12 of 16
Position by export value among subchapters in Chapter 55
Import-side rank: #14 of 16
At a glance
−0.14%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#907
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+36.24%
Peak Growth Year
FY 2024-25 · strongest single-year move
0.38%
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
+37.68
Exports
52.40 ₹ Cr
0.0023% share
— YoY
0.39% of Ch. 55
Imports
14.72 ₹ Cr
0.0004% share
— YoY
0.23% of Ch. 55
Balance
+31.19
Exports
46.54 ₹ Cr
0.0021% share
−11.18% YoY
0.39% of Ch. 55
Imports
15.35 ₹ Cr
0.0005% share
+4.28% YoY
0.23% of Ch. 55
Balance
+40.93
Exports
51.89 ₹ Cr
0.0024% share
+11.50% YoY
0.54% of Ch. 55
Imports
10.96 ₹ Cr
0.0004% share
−28.60% YoY
0.18% of Ch. 55
Balance
+55.69
Exports
68.43 ₹ Cr
0.0022% share
+31.88% YoY
0.44% of Ch. 55
Imports
12.74 ₹ Cr
0.0003% share
+16.24% YoY
0.17% of Ch. 55
Balance
+32.87
Exports
48.21 ₹ Cr
0.0013% share
−29.55% YoY
0.34% of Ch. 55
Imports
15.34 ₹ Cr
0.0003% share
+20.41% YoY
0.16% of Ch. 55
Balance
+21.63
Exports
38.13 ₹ Cr
0.0011% share
−20.91% YoY
0.28% of Ch. 55
Imports
16.50 ₹ Cr
0.0003% share
+7.56% YoY
0.22% of Ch. 55
Balance
+41.27
Exports
51.95 ₹ Cr
0.0014% share
+36.24% YoY
0.38% of Ch. 55
Imports
10.68 ₹ Cr
0.0002% share
−35.27% YoY
0.15% of Ch. 55
CAGR · 7-Year
Exports
−0.14% /yr
Imports
−5.21% /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 5508 have declined at a compound annual rate of −0.14% over 7 fiscal years, falling from ₹52.40 Crore in FY 2018-19 to ₹51.95 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 5508 ranks #907 out of 1233 subchapters by total export value. Within Chapter 55, it ranks #12 of 16. By trade surplus, it ranks #439 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 5508 was recorded in FY 2024-25, when exports surged by 36.24% over the prior year.
In FY 2024-25, India's exports of ₹51.95 Cr exceeded imports of ₹10.68 Cr, resulting in a trade surplus of ₹41.27 Crore — ranking #439 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 5508 have grown at −5.21% CAGR, reaching ₹10.68 Crore in FY 2024-25.
Among the 16 subchapters under Chapter 55, HSN Sub-Chapter 5508 ranks #12 by export value — accounting for 0.38% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.15% share (rank #14).
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 5508 and GST compliance.
It includes Fresh onions & garlic
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
If your outward supply of Fresh onions & garlic is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
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.
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Fresh onions & garlic 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.