Consistent Export Growth: 8.83% CAGR Over 7 Years
India's exports under HSN Chapter 53 have grown at a compound annual rate of 8.83% over 7 fiscal years, rising from ₹3,117.71 Crore in FY 2018-19 to ₹5,178.87 Crore in FY 2024-25.
53 HSN Code: Other vegetable textile fibres; paper yarn and woven fabrics of paper yarn
HSN Chapter 53 represents Other vegetable textile fibres; paper yarn and woven fabrics of paper yarn under GST classification. This code helps businesses identify Other vegetable textile fibres; paper yarn and woven fabrics of paper yarn correctly for billing, taxation, and trade purposes. With HSN Chapter 53, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Other vegetable textile fibres; paper yarn and woven fabrics of paper yarn .
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Sub-chapters under HSN Chapter 53
Following Sub Chapters fall under Other vegetable textile fibres; paper yarn and woven fabrics of paper yarn :
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Flax, raw or processed but not spun; flax tow and waste (including yarn waste and garnetted stock)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
True hemp (cannabis sativa l ), raw or processed but not spun; tow and waste of true hemp (including yarn waste and garnetted stock)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Jute and other textile bast fibres (excluding flax, true hemp and ramie),raw or processed but not spun; tow and waste of these fibres(including yarn waste and garnetted stock)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Coconut, abaca (manila hemp or musa textiles nee), ramie and other vegetable textile fibres, not elsewhere specified or included, raw or processed but not spun; tow, noils and waste of these fibres (including yarn waste and garneted stock)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Flax yarn: All goods [other than coconut coir fibre] including yarn of flax, jute, other textile bast fibres, other vegetable textile fibres; paper yarn, including coir pith compost, other than pre-packaged and labelled
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Yarn of jute or of other textile bast fibres of heading 5303 [other than coconut coir fibre] including yarn of flax, jute, other textile bast fibres, other vegetable textile fibres; paper yarn, including coir pith compost, other than pre-packaged and labelled
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Yarn of other vegetable textile fibres;paper yarn: All goods [other than coconut coir fibre] including yarn of flax, jute, other textile bast fibres, other vegetable textile fibres; paper yarn, including coir pith compost, other than pre-packaged and labelled
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Woven fabrics of jute or of other textile base fibres of heading 5303
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Woven fabrics of other vegetable textile fibres;
India’s Trade Performance — HSN Chapter 53 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₹5,179 Cr
+32.16%
vs FY 2023-24
0.1398% of India’s total exports
India’s Imports
FY 2024-25₹5,683 Cr
+9.76%
vs FY 2023-24
0.0932% of India’s total imports
Trade Balance
FY 2024-25−₹504 Cr
Trade Deficit
Surplus rank #53 of 97 chapters
At a glance
8.83%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#62
National Export Rank
of 97 chapters by export value, FY 2024-25
+32.16%
Peak Growth Year
FY 2024-25 · strongest single-year move
1.7×
Export Growth · 7Y
₹3,117.71 Cr → ₹5,178.87 Cr
India Export-Import Trade Statistics for HSN Chapter 53
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 #61
Balance
+891.45
Exports
3,117.71 ₹ Cr
0.1352% share
— YoY
Imports
2,226.26 ₹ Cr
0.0619% share
— YoY
FY 2019-20
Exp. Rank #59
Balance
+478.56
Exports
3,171.24 ₹ Cr
0.1429% share
+1.72% YoY
Imports
2,692.68 ₹ Cr
0.0801% share
+20.95% YoY
FY 2020-21
Exp. Rank #57
Balance
+2,092.09
Exports
3,945.94 ₹ Cr
0.1828% share
+24.43% YoY
Imports
1,853.85 ₹ Cr
0.0636% share
−31.15% YoY
FY 2021-22
Exp. Rank #59
Balance
+1,898.98
Exports
5,034.61 ₹ Cr
0.1600% share
+27.59% YoY
Imports
3,135.63 ₹ Cr
0.0686% share
+69.14% YoY
FY 2022-23
Exp. Rank #66
Balance
−458.64
Exports
3,740.67 ₹ Cr
0.1033% share
−25.70% YoY
Imports
4,199.31 ₹ Cr
0.0730% share
+33.92% YoY
FY 2023-24
Exp. Rank #66
Balance
−1,259.58
Exports
3,918.51 ₹ Cr
0.1083% share
+4.75% YoY
Imports
5,178.09 ₹ Cr
0.0922% share
+23.31% YoY
FY 2024-25
Exp. Rank #62
Balance
−504.39
Exports
5,178.87 ₹ Cr
0.1398% share
+32.16% YoY
Imports
5,683.26 ₹ Cr
0.0932% share
+9.76% YoY
CAGR · 7-Year
Exports
8.83% /yr
Imports
16.91% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 53 Export-Import Analysis
HSN Chapter 53 Ranked #62 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 53 ranks #62 out of 97 chapters by total export value. By trade surplus, it ranks #53 of 97.
FY 2024-25 Was the Strongest Growth Year for HSN Chapter 53 Exports
The strongest single-year export movement for HSN Chapter 53 was recorded in FY 2024-25, when exports surged by 32.16% over the prior year.
India Records a Trade Deficit of ₹504.39 Crore in HSN Chapter 53 Goods
In FY 2024-25, India's imports of ₹5,683.26 Cr exceeded exports of ₹5,178.87 Cr, resulting in a trade deficit of ₹504.39 Crore — ranking #53 of 97 by surplus magnitude.
Import Growth of 16.91% CAGR Signals Rising Demand for Other vegetable textile fibres; paper yarn and woven fabrics of paper yarn
India's imports under HSN Chapter 53 have grown at 16.91% CAGR, reaching ₹5,683.26 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.