Consistent Export Growth: 3.62% CAGR Over 7 Years
India's exports under HSN Chapter 42 have grown at a compound annual rate of 3.62% over 7 fiscal years, rising from ₹17,922.94 Crore in FY 2018-19 to ₹22,179.79 Crore in FY 2024-25.
42 HSN Code: Articles of Leather; Saddlery and Harness; Travel Goods; Handbags
HSN Chapter 42 represents Articles of Leather; Saddlery and Harness; Travel Goods; Handbags under GST classification. This code helps businesses identify Articles of Leather; Saddlery and Harness; Travel Goods; Handbags correctly for billing, taxation, and trade purposes. With HSN Chapter 42, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Articles of Leather; Saddlery and Harness; Travel Goods; Handbags.
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Sub-chapters under HSN Chapter 42
Following Sub Chapters fall under Articles of Leather; Saddlery and Harness; Travel Goods; Handbags:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Saddlery and harness for any animal (including traces, leads, knee pads, muzzles, saddle cloths, saddle bags, dog coats and the like), of any material
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Trunks, suit-cases, vanity-cases, executive cases, brief-cases, school satchels, spectacle cases, binocular cases, camera cases, musical instrument cases, gun cases, holsters and similar containers; travelling-bags, insulated food or beverages bags, toilet bags, rucksacks, handbags, shopping-bags, wallets, purses, map-cases, cigarette-cases, tobacco pouches, tool bags, sports bags, bottle cases, jewellery boxes, powder-boxes, cutlery cases and similar containers, of leather or of composition leather, of sheeting of plastics, of textile materials, of vulcanised fibre or of paperboard, or wholly or mainly covered with such materials or with paper
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Articles of apparel and clothing accessories, of leather or of composition leather
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Other articles of leather or of composition leather
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Articles of gut (other than silk-worm gut), of goldbeater's skin, of bladders or of tendons
India’s Trade Performance — HSN Chapter 42 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₹22,180 Cr
+9.50%
vs FY 2023-24
0.5989% of India’s total exports
India’s Imports
FY 2024-25₹4,289 Cr
+1.86%
vs FY 2023-24
0.0703% of India’s total imports
Trade Balance
FY 2024-25₹17,891 Cr
Trade Surplus
Surplus rank #12 of 97 chapters
At a glance
3.62%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#30
National Export Rank
of 97 chapters by export value, FY 2024-25
+40.09%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.2×
Export Growth · 7Y
₹17,922.94 Cr → ₹22,179.79 Cr
India Export-Import Trade Statistics for HSN Chapter 42
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 #26
Balance
+14,439.26
Exports
17,922.94 ₹ Cr
0.7770% share
— YoY
Imports
3,483.68 ₹ Cr
0.0969% share
— YoY
FY 2019-20
Exp. Rank #27
Balance
+13,977.86
Exports
17,180.22 ₹ Cr
0.7744% share
−4.14% YoY
Imports
3,202.36 ₹ Cr
0.0953% share
−8.08% YoY
FY 2020-21
Exp. Rank #36
Balance
+12,193.09
Exports
13,513.60 ₹ Cr
0.6261% share
−21.34% YoY
Imports
1,320.51 ₹ Cr
0.0453% share
−58.76% YoY
FY 2021-22
Exp. Rank #30
Balance
+16,352.67
Exports
18,931.41 ₹ Cr
0.6017% share
+40.09% YoY
Imports
2,578.74 ₹ Cr
0.0564% share
+95.28% YoY
FY 2022-23
Exp. Rank #29
Balance
+17,218.21
Exports
21,091.23 ₹ Cr
0.5825% share
+11.41% YoY
Imports
3,873.02 ₹ Cr
0.0674% share
+50.19% YoY
FY 2023-24
Exp. Rank #34
Balance
+16,045.48
Exports
20,256.08 ₹ Cr
0.5598% share
−3.96% YoY
Imports
4,210.60 ₹ Cr
0.0750% share
+8.72% YoY
FY 2024-25
Exp. Rank #30
Balance
+17,891.06
Exports
22,179.79 ₹ Cr
0.5989% share
+9.50% YoY
Imports
4,288.73 ₹ Cr
0.0703% share
+1.86% YoY
CAGR · 7-Year
Exports
3.62% /yr
Imports
3.53% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 42 Export-Import Analysis
HSN Chapter 42 Ranked #30 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 42 ranks #30 out of 97 chapters by total export value. By trade surplus, it ranks #12 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 42 Exports
The strongest single-year export movement for HSN Chapter 42 was recorded in FY 2021-22, when exports surged by 40.09% over the prior year.
India Maintains a Trade Surplus of ₹17,891.06 Crore in HSN Chapter 42 Goods
In FY 2024-25, India's exports of ₹22,179.79 Cr exceeded imports of ₹4,288.73 Cr, resulting in a trade surplus of ₹17,891.06 Crore — ranking #12 of 97 by surplus magnitude.
Import Growth of 3.53% CAGR Signals Stable Import Dependency for Articles of Leather; Saddlery and Harness; Travel Goods; Handbags
India's imports under HSN Chapter 42 have grown at 3.53% CAGR, reaching ₹4,288.73 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.