Consistent Export Growth: 0.42% CAGR Over 7 Years
India's exports under HSN Chapter 55 have grown at a compound annual rate of 0.42% over 7 fiscal years, rising from ₹13,307.59 Crore in FY 2018-19 to ₹13,643.30 Crore in FY 2024-25.
55 HSN Code: Man-made staple fibres
HSN Chapter 55 represents Man-made staple fibres under GST classification. This code helps businesses identify Man-made staple fibres correctly for billing, taxation, and trade purposes. With HSN Chapter 55, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Man-made staple fibres.
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Sub-chapters under HSN Chapter 55
Following Sub Chapters fall under Man-made staple fibres:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Wool, not carded or combed : synthetic filament tow
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Synthetic staple fibres, not carded, combed or otherwise processed for spinning
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Artificial staple fibres, not carded, combed or otherwise processed for spinning
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Waste (including noils, yarn waste and garnetted stock) of man-made fibres
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Synthetic staple fibres, carded combed or otherwise processed for spinning
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Artificial staple fibres, carded, combed or otherwise processed for spinning
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Sewing thread of man-made staple fibres, whether or not put up for retail sale
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
12
%
Description
Yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Yarn (other than sewing thread) of man-made staple fibres, put up for retail sale
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Woven fabrics of synthetic staple fibres, containing 85% or more by weight of synthetic staple fibres
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight not exceeding 170 g/m2
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight exceeding 170 g/m2
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Other woven fabrics of synthetic staple fibres
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Woven fabrics of artificial staple fibres
India’s Trade Performance — HSN Chapter 55 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₹13,643 Cr
+0.55%
vs FY 2023-24
0.3684% of India’s total exports
India’s Imports
FY 2024-25₹7,103 Cr
−4.80%
vs FY 2023-24
0.1165% of India’s total imports
Trade Balance
FY 2024-25₹6,541 Cr
Trade Surplus
Surplus rank #27 of 97 chapters
At a glance
0.42%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#47
National Export Rank
of 97 chapters by export value, FY 2024-25
+61.14%
Peak Growth Year
FY 2021-22 · strongest single-year move
1×
Export Growth · 7Y
₹13,307.59 Cr → ₹13,643.30 Cr
India Export-Import Trade Statistics for HSN Chapter 55
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 #33
Balance
+6,799.75
Exports
13,307.59 ₹ Cr
0.5769% share
— YoY
Imports
6,507.84 ₹ Cr
0.1811% share
— YoY
FY 2019-20
Exp. Rank #38
Balance
+5,038.75
Exports
11,824.16 ₹ Cr
0.5330% share
−11.15% YoY
Imports
6,785.41 ₹ Cr
0.2019% share
+4.27% YoY
FY 2020-21
Exp. Rank #44
Balance
+3,378.56
Exports
9,558.55 ₹ Cr
0.4429% share
−19.16% YoY
Imports
6,179.99 ₹ Cr
0.2119% share
−8.92% YoY
FY 2021-22
Exp. Rank #39
Balance
+7,688.14
Exports
15,402.21 ₹ Cr
0.4895% share
+61.14% YoY
Imports
7,714.07 ₹ Cr
0.1687% share
+24.82% YoY
FY 2022-23
Exp. Rank #42
Balance
+4,461.46
Exports
14,283.50 ₹ Cr
0.3945% share
−7.26% YoY
Imports
9,822.04 ₹ Cr
0.1708% share
+27.33% YoY
FY 2023-24
Exp. Rank #44
Balance
+6,108.74
Exports
13,569.21 ₹ Cr
0.3750% share
−5.00% YoY
Imports
7,460.47 ₹ Cr
0.1328% share
−24.04% YoY
FY 2024-25
Exp. Rank #47
Balance
+6,540.69
Exports
13,643.30 ₹ Cr
0.3684% share
+0.55% YoY
Imports
7,102.61 ₹ Cr
0.1165% share
−4.80% YoY
CAGR · 7-Year
Exports
0.42% /yr
Imports
1.47% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 55 Export-Import Analysis
HSN Chapter 55 Ranked #47 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 55 ranks #47 out of 97 chapters by total export value. By trade surplus, it ranks #27 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 55 Exports
The strongest single-year export movement for HSN Chapter 55 was recorded in FY 2021-22, when exports surged by 61.14% over the prior year.
India Maintains a Trade Surplus of ₹6,540.69 Crore in HSN Chapter 55 Goods
In FY 2024-25, India's exports of ₹13,643.30 Cr exceeded imports of ₹7,102.61 Cr, resulting in a trade surplus of ₹6,540.69 Crore — ranking #27 of 97 by surplus magnitude.
Import Growth of 1.47% CAGR Signals Stable Import Dependency for Man-made staple fibres
India's imports under HSN Chapter 55 have grown at 1.47% CAGR, reaching ₹7,102.61 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.