Consistent Export Growth: 0.79% CAGR Over 7 Years
India's exports under HSN Chapter 14 have grown at a compound annual rate of 0.79% over 7 fiscal years, rising from ₹378.87 Crore in FY 2018-19 to ₹397.28 Crore in FY 2024-25.
14 HSN Code: Vegetable Plaiting Materials and Products
HSN Chapter 14 represents Vegetable Plaiting Materials and Products under GST classification. This code helps businesses identify Vegetable Plaiting Materials and Products correctly for billing, taxation, and trade purposes. With HSN Chapter 14, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vegetable Plaiting Materials and Products.
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Sub-chapters under HSN Chapter 14
Following Sub Chapters fall under Vegetable Plaiting Materials and Products:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Vegetable materials of a kind used primarily for plaiting (for example, bamboos, rattans, reeds, rushes, osier, raffia, cleaned, bleached or dyed cereal straw, and lime bark)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Vegetable products not elsewhere specified or included
India’s Trade Performance — HSN Chapter 14 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₹397 Cr
+4.88%
vs FY 2023-24
0.0107% of India’s total exports
India’s Imports
FY 2024-25₹1,077 Cr
+19.01%
vs FY 2023-24
0.0177% of India’s total imports
Trade Balance
FY 2024-25−₹680 Cr
Trade Deficit
Surplus rank #54 of 97 chapters
At a glance
0.79%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#88
National Export Rank
of 97 chapters by export value, FY 2024-25
+22.17%
Peak Growth Year
FY 2021-22 · strongest single-year move
1×
Export Growth · 7Y
₹378.87 Cr → ₹397.28 Cr
India Export-Import Trade Statistics for HSN Chapter 14
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 #86
Balance
+26.92
Exports
378.87 ₹ Cr
0.0164% share
— YoY
Imports
351.95 ₹ Cr
0.0098% share
— YoY
FY 2019-20
Exp. Rank #89
Balance
−236.42
Exports
335.68 ₹ Cr
0.0151% share
−11.40% YoY
Imports
572.10 ₹ Cr
0.0170% share
+62.55% YoY
FY 2020-21
Exp. Rank #88
Balance
−469.00
Exports
326.61 ₹ Cr
0.0151% share
−2.70% YoY
Imports
795.61 ₹ Cr
0.0273% share
+39.07% YoY
FY 2021-22
Exp. Rank #88
Balance
−387.16
Exports
399.01 ₹ Cr
0.0127% share
+22.17% YoY
Imports
786.17 ₹ Cr
0.0172% share
−1.19% YoY
FY 2022-23
Exp. Rank #89
Balance
−472.86
Exports
343.98 ₹ Cr
0.0095% share
−13.79% YoY
Imports
816.84 ₹ Cr
0.0142% share
+3.90% YoY
FY 2023-24
Exp. Rank #88
Balance
−526.40
Exports
378.79 ₹ Cr
0.0105% share
+10.12% YoY
Imports
905.19 ₹ Cr
0.0161% share
+10.82% YoY
FY 2024-25
Exp. Rank #88
Balance
−680.02
Exports
397.28 ₹ Cr
0.0107% share
+4.88% YoY
Imports
1,077.30 ₹ Cr
0.0177% share
+19.01% YoY
CAGR · 7-Year
Exports
0.79% /yr
Imports
20.50% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 14 Export-Import Analysis
HSN Chapter 14 Ranked #88 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 14 ranks #88 out of 97 chapters by total export value. By trade surplus, it ranks #54 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 14 Exports
The strongest single-year export movement for HSN Chapter 14 was recorded in FY 2021-22, when exports surged by 22.17% over the prior year.
India Records a Trade Deficit of ₹680.02 Crore in HSN Chapter 14 Goods
In FY 2024-25, India's imports of ₹1,077.30 Cr exceeded exports of ₹397.28 Cr, resulting in a trade deficit of ₹680.02 Crore — ranking #54 of 97 by surplus magnitude.
Import Growth of 20.50% CAGR Signals Rising Demand for Vegetable Plaiting Materials and Products
India's imports under HSN Chapter 14 have grown at 20.50% CAGR, reaching ₹1,077.30 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.