Consistent Export Growth: 9.67% CAGR Over 8 Years
India's exports under HSN Sub-Chapter 7217 have grown at a compound annual rate of 9.67% over 8 fiscal years, rising from ₹276.30 Crore in FY 2018-19 to ₹527.36 Crore in FY 2025-26.
HSN Sub Chapter 7217 represents Iron/non-alloy steel wire under GST classification. This code helps businesses identify Iron/non-alloy steel wire correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7217, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Iron/non-alloy steel wire.
Manage correct HSN codes and GST rates with BUSY.
GST Rate for Iron/non-alloy steel wire under HSN Code 7217. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Iron/non-alloy steel wire.
Tariff HSN
Description
Not plated or coated, whether or not polished : Of a thickness of 18 SWG and below
Tariff HSN
Description
Not plated or coated, whether or not polished : Of a thickness above 18 SWG but up to 26 SWG
Tariff HSN
Description
Not plated or coated, whether or not polished : Of a thickness above 26 SWG
Tariff HSN
Description
Plated or coated with zinc : Of a thickness of 18 SWG and below
Tariff HSN
Description
Plated or coated with zinc : Of a thickness above 18 SWG but up to 26 SWG
Tariff HSN
Description
Plated or coated with zinc : Of a thickness above 26 SWG
Tariff HSN
Description
Plated or coated with other base metals : Of a thickness of 18 SWG and below
Tariff HSN
Description
Plated or coated with other base metals : Of a thickness above 18 SWG but up to 26 SWG
Tariff HSN
Description
Plated or coated with other base metals : Of a thickness above 26 SWG
Tariff HSN
Description
Other : Shaped and profiled wire : Of cross section – half round
Tariff HSN
Description
Other : Shaped and profiled wire : Of cross section – flat and rectangular
Tariff HSN
Description
Other : Shaped and profiled wire : Of cross section – ‘z’ shaped
Tariff HSN
Description
Other : Shaped and profiled wire : Of cross section – other shapes
Tariff HSN
Description
Other : Other : High tensile quality
Tariff HSN
Description
Other : Other : Electrode quality
Tariff HSN
Description
Other : Other : Electric resistance wire (including electric resistance heating wire)
Tariff HSN
Description
Other : Other : Other
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Exports
FY 2025-26₹527 Cr
0.0135% of India’s total exports
India’s Imports
FY 2025-26₹739 Cr
0.0108% of India’s total imports
Trade Balance
FY 2025-26−₹212 Cr
Surplus rank #793 of 1233 subchapters
% of Chapter 72
FY 2025-260.58%
Share of Chapter 72’s total exports in FY 2025-26
Import side: 0.53% of Chapter 72’s imports
Rank Within Chapter 72
FY 2025-26#21 of 29
Position by export value among subchapters in Chapter 72
Import-side rank: #18 of 29
At a glance
9.67%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#547
National Export Rank
of 1233 subchapters by export value, FY 2025-26
+134.09%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.58%
Contribution to Ch. 72
Share of Chapter 72 exports in FY 2025-26
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−1,244.11
Exports
276.30 ₹ Cr
0.0120% share
— YoY
0.41% of Ch. 72
Imports
1,520.41 ₹ Cr
0.0423% share
— YoY
1.73% of Ch. 72
Balance
−690.16
Exports
299.91 ₹ Cr
0.0136% share
+8.55% YoY
0.46% of Ch. 72
Imports
990.07 ₹ Cr
0.0295% share
−34.88% YoY
1.31% of Ch. 72
Balance
−564.11
Exports
315.31 ₹ Cr
0.0147% share
+5.13% YoY
0.35% of Ch. 72
Imports
879.42 ₹ Cr
0.0302% share
−11.18% YoY
1.43% of Ch. 72
Balance
−353.63
Exports
738.11 ₹ Cr
0.0235% share
+134.09% YoY
0.43% of Ch. 72
Imports
1,091.74 ₹ Cr
0.0239% share
+24.14% YoY
1.16% of Ch. 72
Balance
−715.77
Exports
484.57 ₹ Cr
0.0134% share
−34.35% YoY
0.45% of Ch. 72
Imports
1,200.34 ₹ Cr
0.0209% share
+9.95% YoY
0.84% of Ch. 72
Balance
−671.49
Exports
460.91 ₹ Cr
0.0127% share
−4.88% YoY
0.47% of Ch. 72
Imports
1,132.40 ₹ Cr
0.0202% share
−5.66% YoY
0.73% of Ch. 72
Balance
−497.13
Exports
463.47 ₹ Cr
0.0125% share
+0.56% YoY
0.59% of Ch. 72
Imports
960.60 ₹ Cr
0.0158% share
−15.17% YoY
0.65% of Ch. 72
Balance
−211.89
Exports
527.36 ₹ Cr
0.0135% share
+13.79% YoY
0.58% of Ch. 72
Imports
739.25 ₹ Cr
0.0108% share
−23.04% YoY
0.53% of Ch. 72
CAGR · 8-Year
Exports
9.67% /yr
Imports
−9.79% /yr
reference, FY 2025-26
Export
₹91,267.82 Cr
Import
₹1,38,966.08 Cr
Trade Balance
−47,698.26
India's exports under HSN Sub-Chapter 7217 have grown at a compound annual rate of 9.67% over 8 fiscal years, rising from ₹276.30 Crore in FY 2018-19 to ₹527.36 Crore in FY 2025-26.
In FY 2025-26, HSN Sub-Chapter 7217 ranks #547 out of 1233 subchapters by total export value. Within Chapter 72, it ranks #21 of 29. By trade surplus, it ranks #793 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7217 was recorded in FY 2021-22, when exports surged by 134.09% over the prior year.
In FY 2025-26, India's imports of ₹739.25 Cr exceeded exports of ₹527.36 Cr, resulting in a trade deficit of ₹211.89 Crore — ranking #793 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7217 have grown at −9.79% CAGR, reaching ₹739.25 Crore in FY 2025-26.
Among the 29 subchapters under Chapter 72, HSN Sub-Chapter 7217 ranks #21 by export value — accounting for 0.58% of the chapter's total exports in FY 2025-26. On the import side, it holds 0.53% share (rank #18).
Clear answers to common queries about HSN Sub Chapter 7217 and GST compliance.
It includes Iron/non-alloy steel wire
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.
Use a delivery challan for sending Iron/non-alloy steel wire to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
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.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.
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.