Export Decline: −1.12% CAGR Over 7 Years
India's exports under HSN Chapter 54 have declined at a compound annual rate of −1.12% over 7 fiscal years, falling from ₹16,017.69 Crore in FY 2018-19 to ₹14,969.99 Crore in FY 2024-25.
54 HSN Code: Man-made filaments; strip and the like of man-made textile materials
HSN Chapter 54 represents Man-made filaments; strip and the like of man-made textile materials under GST classification. This code helps businesses identify Man-made filaments; strip and the like of man-made textile materials correctly for billing, taxation, and trade purposes. With HSN Chapter 54, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Man-made filaments; strip and the like of man-made textile materials .
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Sub-chapters under HSN Chapter 54
Following Sub Chapters fall under Man-made filaments; strip and the like of man-made textile materials :
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
5
%
Description
Sewing thread of man-made filaments, whether or not put up for retail sale
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Artificial filament yarn (other than sewing thread), not put for retail sale, including artificial mono filament of less than 67 decitex
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Synthetic monofilament of 67 decitex or more and of which no crosssectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetictextile materials of an apparent width not exceeding 5 mm
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Artificial monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of artificial textile materials of an apparent width not exceeding 5 mm
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
12
%
Description
Man-made filament yarn (other than sewing thread), put up for retail sale
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading 5404
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Woven fabrics of artificial filament yarn, including woven fabrics obtained from materials of heading 5405
India’s Trade Performance — HSN Chapter 54 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₹14,970 Cr
+2.70%
vs FY 2023-24
0.4042% of India’s total exports
India’s Imports
FY 2024-25₹12,823 Cr
−6.48%
vs FY 2023-24
0.2103% of India’s total imports
Trade Balance
FY 2024-25₹2,147 Cr
Trade Surplus
Surplus rank #35 of 97 chapters
At a glance
−1.12%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#44
National Export Rank
of 97 chapters by export value, FY 2024-25
+57.54%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.9×
Export Growth · 7Y
₹16,017.69 Cr → ₹14,969.99 Cr
India Export-Import Trade Statistics for HSN Chapter 54
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 #27
Balance
+9,174.79
Exports
16,017.69 ₹ Cr
0.6944% share
— YoY
Imports
6,842.90 ₹ Cr
0.1904% share
— YoY
FY 2019-20
Exp. Rank #28
Balance
+9,610.60
Exports
16,961.69 ₹ Cr
0.7646% share
+5.89% YoY
Imports
7,351.09 ₹ Cr
0.2187% share
+7.43% YoY
FY 2020-21
Exp. Rank #40
Balance
+4,743.15
Exports
11,470.08 ₹ Cr
0.5314% share
−32.38% YoY
Imports
6,726.93 ₹ Cr
0.2307% share
−8.49% YoY
FY 2021-22
Exp. Rank #32
Balance
+6,925.87
Exports
18,069.67 ₹ Cr
0.5743% share
+57.54% YoY
Imports
11,143.80 ₹ Cr
0.2437% share
+65.66% YoY
FY 2022-23
Exp. Rank #39
Balance
+1,443.76
Exports
15,731.12 ₹ Cr
0.4345% share
−12.94% YoY
Imports
14,287.36 ₹ Cr
0.2485% share
+28.21% YoY
FY 2023-24
Exp. Rank #43
Balance
+864.97
Exports
14,576.41 ₹ Cr
0.4029% share
−7.34% YoY
Imports
13,711.44 ₹ Cr
0.2442% share
−4.03% YoY
FY 2024-25
Exp. Rank #44
Balance
+2,146.95
Exports
14,969.99 ₹ Cr
0.4042% share
+2.70% YoY
Imports
12,823.04 ₹ Cr
0.2103% share
−6.48% YoY
CAGR · 7-Year
Exports
−1.12% /yr
Imports
11.03% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 54 Export-Import Analysis
HSN Chapter 54 Ranked #44 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 54 ranks #44 out of 97 chapters by total export value. By trade surplus, it ranks #35 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 54 Exports
The strongest single-year export movement for HSN Chapter 54 was recorded in FY 2021-22, when exports surged by 57.54% over the prior year.
India Maintains a Trade Surplus of ₹2,146.95 Crore in HSN Chapter 54 Goods
In FY 2024-25, India's exports of ₹14,969.99 Cr exceeded imports of ₹12,823.04 Cr, resulting in a trade surplus of ₹2,146.95 Crore — ranking #35 of 97 by surplus magnitude.
Import Growth of 11.03% CAGR Signals Rising Demand for Man-made filaments; strip and the like of man-made textile materials
India's imports under HSN Chapter 54 have grown at 11.03% CAGR, reaching ₹12,823.04 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.