Consistent Export Growth: 15.10% CAGR Over 7 Years
India's exports under HSN Chapter 50 have grown at a compound annual rate of 15.10% over 7 fiscal years, rising from ₹591.56 Crore in FY 2018-19 to ₹1,375.23 Crore in FY 2024-25.
50 HSN Code: Silk
HSN Chapter 50 represents Silk under GST classification. This code helps businesses identify Silk correctly for billing, taxation, and trade purposes. With HSN Chapter 50, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Silk.
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Sub-chapters under HSN Chapter 50
Following Sub Chapters fall under Silk:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Silk-worm cocoons suitable for reeling
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
0
%
Description
Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
0
%
Description
Silk yarn (other than yarn spun from silk waste) not put up for retail sale
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
0
%
Description
Yarn spun from silk waste, not put up for retail sale
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Silk yarn and yarn spun from silk waste, put up for retail sale; silk-worm gut
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Woven fabrics of silk or of silk waste
India’s Trade Performance — HSN Chapter 50 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₹1,375 Cr
+33.86%
vs FY 2023-24
0.0371% of India’s total exports
India’s Imports
FY 2024-25₹1,496 Cr
−13.32%
vs FY 2023-24
0.0245% of India’s total imports
Trade Balance
FY 2024-25−₹121 Cr
Trade Deficit
Surplus rank #50 of 97 chapters
At a glance
15.10%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#79
National Export Rank
of 97 chapters by export value, FY 2024-25
+47.91%
Peak Growth Year
FY 2021-22 · strongest single-year move
2.3×
Export Growth · 7Y
₹591.56 Cr → ₹1,375.23 Cr
India Export-Import Trade Statistics for HSN Chapter 50
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 #82
Balance
−827.37
Exports
591.56 ₹ Cr
0.0256% share
— YoY
Imports
1,418.93 ₹ Cr
0.0395% share
— YoY
FY 2019-20
Exp. Rank #83
Balance
−893.70
Exports
595.41 ₹ Cr
0.0268% share
+0.65% YoY
Imports
1,489.11 ₹ Cr
0.0443% share
+4.95% YoY
FY 2020-21
Exp. Rank #80
Balance
−147.40
Exports
586.20 ₹ Cr
0.0272% share
−1.55% YoY
Imports
733.60 ₹ Cr
0.0252% share
−50.74% YoY
FY 2021-22
Exp. Rank #80
Balance
−237.83
Exports
867.04 ₹ Cr
0.0276% share
+47.91% YoY
Imports
1,104.87 ₹ Cr
0.0242% share
+50.61% YoY
FY 2022-23
Exp. Rank #83
Balance
−1,361.56
Exports
812.26 ₹ Cr
0.0224% share
−6.32% YoY
Imports
2,173.82 ₹ Cr
0.0378% share
+96.75% YoY
FY 2023-24
Exp. Rank #82
Balance
−698.72
Exports
1,027.36 ₹ Cr
0.0284% share
+26.48% YoY
Imports
1,726.08 ₹ Cr
0.0307% share
−20.60% YoY
FY 2024-25
Exp. Rank #79
Balance
−120.89
Exports
1,375.23 ₹ Cr
0.0371% share
+33.86% YoY
Imports
1,496.12 ₹ Cr
0.0245% share
−13.32% YoY
CAGR · 7-Year
Exports
15.10% /yr
Imports
0.89% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 50 Export-Import Analysis
HSN Chapter 50 Ranked #79 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 50 ranks #79 out of 97 chapters by total export value. By trade surplus, it ranks #50 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 50 Exports
The strongest single-year export movement for HSN Chapter 50 was recorded in FY 2021-22, when exports surged by 47.91% over the prior year.
India Records a Trade Deficit of ₹120.89 Crore in HSN Chapter 50 Goods
In FY 2024-25, India's imports of ₹1,496.12 Cr exceeded exports of ₹1,375.23 Cr, resulting in a trade deficit of ₹120.89 Crore — ranking #50 of 97 by surplus magnitude.
Import Growth of 0.89% CAGR Signals Stable Import Dependency for Silk
India's imports under HSN Chapter 50 have grown at 0.89% CAGR, reaching ₹1,496.12 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.