Consistent Export Growth: 13.20% CAGR Over 7 Years
India's exports under HSN Chapter 34 have grown at a compound annual rate of 13.20% over 7 fiscal years, rising from ₹4,329.69 Crore in FY 2018-19 to ₹9,110.16 Crore in FY 2024-25.
34 HSN Code: Soap, Washing Preparations, Waxes
HSN Chapter 34 represents Soap, Washing Preparations, Waxes under GST classification. This code helps businesses identify Soap, Washing Preparations, Waxes correctly for billing, taxation, and trade purposes. With HSN Chapter 34, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Soap, Washing Preparations, Waxes.
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Sub-chapters under HSN Chapter 34
Following Sub Chapters fall under Soap, Washing Preparations, Waxes:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Soap; organic surface-active products and preparations for use as soap, in the form of bars, cakes, moulded pieces or shapes, whether or not containing soap; organic surface-active products and preparations for washing the skin, in the form of liquid or cream and put up for retail sale, whether or not containing soap; paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Organic surface-active agents (other than soap), surface-active preparations, washing preparations (including auxiliary washing preparations) and cleaning preparations,whether or not containing soap, other than those of heading 3401
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
lubricating preparations (including cuttingoil preparations, bolt or nut release preparations, anti-rust or anti-corrosion preparations and mould release preparations,based on lubricants) and preparations of a kind used for the oil or grease treatment of textile materials, leather,furskins or other materials, but excluding preparations containing, as basic constituents,70 % or more by weight of petroleum oils or of oils obtained from bituminous minerals
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Artificial waxes and prepared waxes
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Polishes and creams, for footwear, furniture,floors, coachwork, glass or metal, scouring pastes and powders and similar preparations (whether or not in the form of paper, wadding,felt, nonwovens, cellular plastics or cellular rubber, impregnated, coated or covered with such preparations), excluding waxes of heading 3404
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Candles, tapers and the like
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Modelling pastes, including those put up for children’s amusement; preparations known as “dental wax” or as “dental impression compounds”, put up in sets, in packings for retail sale or in plates, horseshoe shapes,sticks or similar forms; other preparations for use in dentistry, with a basis of plaster (of calcined gypsum or calcium sulphate)
India’s Trade Performance — HSN Chapter 34 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₹9,110 Cr
+10.54%
vs FY 2023-24
0.2460% of India’s total exports
India’s Imports
FY 2024-25₹12,455 Cr
+26.12%
vs FY 2023-24
0.2042% of India’s total imports
Trade Balance
FY 2024-25−₹3,345 Cr
Trade Deficit
Surplus rank #66 of 97 chapters
At a glance
13.20%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#52
National Export Rank
of 97 chapters by export value, FY 2024-25
+22.09%
Peak Growth Year
FY 2021-22 · strongest single-year move
2.1×
Export Growth · 7Y
₹4,329.69 Cr → ₹9,110.16 Cr
India Export-Import Trade Statistics for HSN Chapter 34
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 #53
Balance
−2,133.24
Exports
4,329.69 ₹ Cr
0.1877% share
— YoY
Imports
6,462.93 ₹ Cr
0.1798% share
— YoY
FY 2019-20
Exp. Rank #52
Balance
−1,600.14
Exports
4,459.59 ₹ Cr
0.2010% share
+3.00% YoY
Imports
6,059.73 ₹ Cr
0.1803% share
−6.24% YoY
FY 2020-21
Exp. Rank #52
Balance
−1,598.12
Exports
5,244.55 ₹ Cr
0.2430% share
+17.60% YoY
Imports
6,842.67 ₹ Cr
0.2347% share
+12.92% YoY
FY 2021-22
Exp. Rank #53
Balance
−3,067.66
Exports
6,403.28 ₹ Cr
0.2035% share
+22.09% YoY
Imports
9,470.94 ₹ Cr
0.2071% share
+38.41% YoY
FY 2022-23
Exp. Rank #53
Balance
−3,482.48
Exports
7,451.92 ₹ Cr
0.2058% share
+16.38% YoY
Imports
10,934.40 ₹ Cr
0.1902% share
+15.45% YoY
FY 2023-24
Exp. Rank #51
Balance
−1,634.29
Exports
8,241.75 ₹ Cr
0.2278% share
+10.60% YoY
Imports
9,876.04 ₹ Cr
0.1759% share
−9.68% YoY
FY 2024-25
Exp. Rank #52
Balance
−3,345.24
Exports
9,110.16 ₹ Cr
0.2460% share
+10.54% YoY
Imports
12,455.40 ₹ Cr
0.2042% share
+26.12% YoY
CAGR · 7-Year
Exports
13.20% /yr
Imports
11.55% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 34 Export-Import Analysis
HSN Chapter 34 Ranked #52 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 34 ranks #52 out of 97 chapters by total export value. By trade surplus, it ranks #66 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 34 Exports
The strongest single-year export movement for HSN Chapter 34 was recorded in FY 2021-22, when exports surged by 22.09% over the prior year.
India Records a Trade Deficit of ₹3,345.24 Crore in HSN Chapter 34 Goods
In FY 2024-25, India's imports of ₹12,455.40 Cr exceeded exports of ₹9,110.16 Cr, resulting in a trade deficit of ₹3,345.24 Crore — ranking #66 of 97 by surplus magnitude.
Import Growth of 11.55% CAGR Signals Rising Demand for Soap, Washing Preparations, Waxes
India's imports under HSN Chapter 34 have grown at 11.55% CAGR, reaching ₹12,455.40 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.