Consistent Export Growth: 13.63% CAGR Over 7 Years
India's exports under HSN Chapter 46 have grown at a compound annual rate of 13.63% over 7 fiscal years, rising from ₹281.30 Crore in FY 2018-19 to ₹605.36 Crore in FY 2024-25.
46 HSN Code: Manufactures of Straw, Plaiting Materials and Basketware
HSN Chapter 46 represents Manufactures of Straw, Plaiting Materials and Basketware under GST classification. This code helps businesses identify Manufactures of Straw, Plaiting Materials and Basketware correctly for billing, taxation, and trade purposes. With HSN Chapter 46, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Manufactures of Straw, Plaiting Materials and Basketware.
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Sub-chapters under HSN Chapter 46
Following Sub Chapters fall under Manufactures of Straw, Plaiting Materials and Basketware:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Plaits and similar products of plaiting materials, whether or not assembled into strips ; plaiting materials, plaits and similar products of plaiting materials, bound together in parallel strands or woven, in sheet form, whether or not being finished articles (for example, mats, matting, screens)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading 46 01; articles of loofah
India’s Trade Performance — HSN Chapter 46 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₹605 Cr
+6.30%
vs FY 2023-24
0.0163% of India’s total exports
India’s Imports
FY 2024-25₹80 Cr
+8.49%
vs FY 2023-24
0.0013% of India’s total imports
Trade Balance
FY 2024-25₹525 Cr
Trade Surplus
Surplus rank #41 of 97 chapters
At a glance
13.63%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#87
National Export Rank
of 97 chapters by export value, FY 2024-25
+69.68%
Peak Growth Year
FY 2021-22 · strongest single-year move
2.2×
Export Growth · 7Y
₹281.30 Cr → ₹605.36 Cr
India Export-Import Trade Statistics for HSN Chapter 46
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 #90
Balance
+253.50
Exports
281.30 ₹ Cr
0.0122% share
— YoY
Imports
27.80 ₹ Cr
0.0008% share
— YoY
FY 2019-20
Exp. Rank #88
Balance
+316.95
Exports
354.41 ₹ Cr
0.0160% share
+25.99% YoY
Imports
37.46 ₹ Cr
0.0011% share
+34.75% YoY
FY 2020-21
Exp. Rank #87
Balance
+303.64
Exports
329.91 ₹ Cr
0.0153% share
−6.91% YoY
Imports
26.27 ₹ Cr
0.0009% share
−29.87% YoY
FY 2021-22
Exp. Rank #86
Balance
+512.90
Exports
559.80 ₹ Cr
0.0178% share
+69.68% YoY
Imports
46.90 ₹ Cr
0.0010% share
+78.53% YoY
FY 2022-23
Exp. Rank #87
Balance
+485.01
Exports
541.60 ₹ Cr
0.0150% share
−3.25% YoY
Imports
56.59 ₹ Cr
0.0010% share
+20.66% YoY
FY 2023-24
Exp. Rank #87
Balance
+495.66
Exports
569.47 ₹ Cr
0.0157% share
+5.15% YoY
Imports
73.81 ₹ Cr
0.0013% share
+30.43% YoY
FY 2024-25
Exp. Rank #87
Balance
+525.28
Exports
605.36 ₹ Cr
0.0163% share
+6.30% YoY
Imports
80.08 ₹ Cr
0.0013% share
+8.49% YoY
CAGR · 7-Year
Exports
13.63% /yr
Imports
19.28% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 46 Export-Import Analysis
HSN Chapter 46 Ranked #87 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 46 ranks #87 out of 97 chapters by total export value. By trade surplus, it ranks #41 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 46 Exports
The strongest single-year export movement for HSN Chapter 46 was recorded in FY 2021-22, when exports surged by 69.68% over the prior year.
India Maintains a Trade Surplus of ₹525.28 Crore in HSN Chapter 46 Goods
In FY 2024-25, India's exports of ₹605.36 Cr exceeded imports of ₹80.08 Cr, resulting in a trade surplus of ₹525.28 Crore — ranking #41 of 97 by surplus magnitude.
Import Growth of 19.28% CAGR Signals Rising Demand for Manufactures of Straw, Plaiting Materials and Basketware
India's imports under HSN Chapter 46 have grown at 19.28% CAGR, reaching ₹80.08 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.