Consistent Export Growth: 8.29% CAGR Over 7 Years
India's exports under HSN Chapter 45 have grown at a compound annual rate of 8.29% over 7 fiscal years, rising from ₹25.95 Crore in FY 2018-19 to ₹41.84 Crore in FY 2024-25.
45 HSN Code: Cork and Articles of Cork
HSN Chapter 45 represents Cork and Articles of Cork under GST classification. This code helps businesses identify Cork and Articles of Cork correctly for billing, taxation, and trade purposes. With HSN Chapter 45, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Cork and Articles of Cork.
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Sub-chapters under HSN Chapter 45
Following Sub Chapters fall under Cork and Articles of Cork:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Natural cork, raw or simply sdf ksdf jklsd prepared; waste cork; crushed, granulated or ground cork
Sub Chapter
New GST Rate
40
%
Standard
Old GST Rate
12
%
Description
Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Agglomerated cork (with or without a binding substance) and articles of agglomerated cork
India’s Trade Performance — HSN Chapter 45 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₹42 Cr
−4.47%
vs FY 2023-24
0.0011% of India’s total exports
India’s Imports
FY 2024-25₹105 Cr
+8.90%
vs FY 2023-24
0.0017% of India’s total imports
Trade Balance
FY 2024-25−₹63 Cr
Trade Deficit
Surplus rank #49 of 97 chapters
At a glance
8.29%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#97
National Export Rank
of 97 chapters by export value, FY 2024-25
+24.00%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.6×
Export Growth · 7Y
₹25.95 Cr → ₹41.84 Cr
India Export-Import Trade Statistics for HSN Chapter 45
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 #95
Balance
−29.86
Exports
25.95 ₹ Cr
0.0011% share
— YoY
Imports
55.81 ₹ Cr
0.0016% share
— YoY
FY 2019-20
Exp. Rank #96
Balance
−29.82
Exports
22.46 ₹ Cr
0.0010% share
−13.45% YoY
Imports
52.28 ₹ Cr
0.0016% share
−6.33% YoY
FY 2020-21
Exp. Rank #96
Balance
−12.58
Exports
27.58 ₹ Cr
0.0013% share
+22.80% YoY
Imports
40.16 ₹ Cr
0.0014% share
−23.18% YoY
FY 2021-22
Exp. Rank #95
Balance
−28.68
Exports
34.20 ₹ Cr
0.0011% share
+24.00% YoY
Imports
62.88 ₹ Cr
0.0014% share
+56.57% YoY
FY 2022-23
Exp. Rank #96
Balance
−31.85
Exports
36.86 ₹ Cr
0.0010% share
+7.78% YoY
Imports
68.71 ₹ Cr
0.0012% share
+9.27% YoY
FY 2023-24
Exp. Rank #96
Balance
−52.61
Exports
43.80 ₹ Cr
0.0012% share
+18.83% YoY
Imports
96.41 ₹ Cr
0.0017% share
+40.31% YoY
FY 2024-25
Exp. Rank #97
Balance
−63.15
Exports
41.84 ₹ Cr
0.0011% share
−4.47% YoY
Imports
104.99 ₹ Cr
0.0017% share
+8.90% YoY
CAGR · 7-Year
Exports
8.29% /yr
Imports
11.11% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 45 Export-Import Analysis
HSN Chapter 45 Ranked #97 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 45 ranks #97 out of 97 chapters by total export value. By trade surplus, it ranks #49 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 45 Exports
The strongest single-year export movement for HSN Chapter 45 was recorded in FY 2021-22, when exports surged by 24.00% over the prior year.
India Records a Trade Deficit of ₹63.15 Crore in HSN Chapter 45 Goods
In FY 2024-25, India's imports of ₹104.99 Cr exceeded exports of ₹41.84 Cr, resulting in a trade deficit of ₹63.15 Crore — ranking #49 of 97 by surplus magnitude.
Import Growth of 11.11% CAGR Signals Rising Demand for Cork and Articles of Cork
India's imports under HSN Chapter 45 have grown at 11.11% CAGR, reaching ₹104.99 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.