Consistent Export Growth: 11.31% CAGR Over 7 Years
India's exports under HSN Chapter 10 have grown at a compound annual rate of 11.31% over 7 fiscal years, rising from ₹56,828.55 Crore in FY 2018-19 to ₹1,08,096.06 Crore in FY 2024-25.
10 HSN Code: Cereals
HSN Chapter 10 represents Cereals under GST classification. This code helps businesses identify Cereals correctly for billing, taxation, and trade purposes. With HSN Chapter 10, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Cereals.
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Sub-chapters under HSN Chapter 10
Following Sub Chapters fall under Cereals:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Buckwheat millet and canary seeds;other cereals
India’s Trade Performance — HSN Chapter 10 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₹1,08,096 Cr
+18.84%
vs FY 2023-24
2.9188% of India’s total exports
India’s Imports
FY 2024-25₹3,345 Cr
+203.44%
vs FY 2023-24
0.0549% of India’s total imports
Trade Balance
FY 2024-25₹1,04,751 Cr
Trade Surplus
Surplus rank #3 of 97 chapters
At a glance
11.31%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8
National Export Rank
of 97 chapters by export value, FY 2024-25
+57.99%
Peak Growth Year
FY 2020-21 · strongest single-year move
1.9×
Export Growth · 7Y
₹56,828.55 Cr → ₹1,08,096.06 Cr
India Export-Import Trade Statistics for HSN Chapter 10
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 #10
Balance
+56,318.43
Exports
56,828.55 ₹ Cr
2.4636% share
— YoY
Imports
510.12 ₹ Cr
0.0142% share
— YoY
FY 2019-20
Exp. Rank #13
Balance
+46,027.14
Exports
47,333.49 ₹ Cr
2.1336% share
−16.71% YoY
Imports
1,306.35 ₹ Cr
0.0389% share
+156.09% YoY
FY 2020-21
Exp. Rank #9
Balance
+74,426.44
Exports
74,783.60 ₹ Cr
3.4650% share
+57.99% YoY
Imports
357.16 ₹ Cr
0.0122% share
−72.66% YoY
FY 2021-22
Exp. Rank #9
Balance
+95,660.46
Exports
96,080.76 ₹ Cr
3.0536% share
+28.48% YoY
Imports
420.30 ₹ Cr
0.0092% share
+17.68% YoY
FY 2022-23
Exp. Rank #8
Balance
+1,09,846.36
Exports
1,11,084.35 ₹ Cr
3.0680% share
+15.62% YoY
Imports
1,237.99 ₹ Cr
0.0215% share
+194.55% YoY
FY 2023-24
Exp. Rank #9
Balance
+89,859.22
Exports
90,961.67 ₹ Cr
2.5140% share
−18.11% YoY
Imports
1,102.45 ₹ Cr
0.0196% share
−10.95% YoY
FY 2024-25
Exp. Rank #8
Balance
+1,04,750.77
Exports
1,08,096.06 ₹ Cr
2.9188% share
+18.84% YoY
Imports
3,345.29 ₹ Cr
0.0549% share
+203.44% YoY
CAGR · 7-Year
Exports
11.31% /yr
Imports
36.81% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 10 Export-Import Analysis
HSN Chapter 10 Ranked #8 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 10 ranks #8 out of 97 chapters by total export value. By trade surplus, it ranks #3 of 97.
FY 2020-21 Was the Strongest Growth Year for HSN Chapter 10 Exports
The strongest single-year export movement for HSN Chapter 10 was recorded in FY 2020-21, when exports surged by 57.99% over the prior year.
India Maintains a Trade Surplus of ₹1,04,750.77 Crore in HSN Chapter 10 Goods
In FY 2024-25, India's exports of ₹1,08,096.06 Cr exceeded imports of ₹3,345.29 Cr, resulting in a trade surplus of ₹1,04,750.77 Crore — ranking #3 of 97 by surplus magnitude.
Import Growth of 36.81% CAGR Signals Rising Demand for Cereals
India's imports under HSN Chapter 10 have grown at 36.81% CAGR, reaching ₹3,345.29 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.