Consistent Export Growth: 11.14% CAGR Over 7 Years
India's exports under HSN Chapter 56 have grown at a compound annual rate of 11.14% over 7 fiscal years, rising from ₹2,990.84 Crore in FY 2018-19 to ₹5,635.62 Crore in FY 2024-25.
56 HSN Code: Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof
HSN Chapter 56 represents Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof under GST classification. This code helps businesses identify Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof correctly for billing, taxation, and trade purposes. With HSN Chapter 56, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof .
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Sub-chapters under HSN Chapter 56
Following Sub Chapters fall under Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof :
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
5
%
Description
Wadding of textile materials and articles thereof; textile fibres, not exceeding 5 mm in length (flock), textile dust and mill neps
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
5
%
Description
Felt, whether or not impregnated, coated, covered or laminated
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
12
%
Description
Nonwovens, whether or not impregnated, coated, covered or laminated
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
12
%
Description
Rubber thread and cord, textile covered; textile yarn, and strip and the like of heading 5404 or 5405, impregnated, coated, covered or sheathed with rubber or plastics
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
12
%
Description
Metallised yarn, whether or not gimped being textile yarn, or strip or the like of heading 5404 or 5405, combined with metal in the form of thread, strip or powder or covered with metal
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
12
%
Description
Gimped yarn, and strip and the like of heading 5404 or 5405, gimped (other than those of heading 5605 and gimped horsehair yarn); chenille yarn (including flock chenille yarn); loop wale-yarn
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Twine, cordage, ropes and cables, whether or not plaited or braided and whether or not impregnated, coated, covered or sheathed with rubber or plastics
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Knotted netting of twine, cordage or rope; made up fishing nets and other made up nets, of textile materials
Sub Chapter
New GST Rate
0
%
Exempted
Old GST Rate
5
%
Description
Articles of yarn, strip or the like of heading 5404 or 5405, twine, cordage,rope or cables, not elsewhere specified or included
India’s Trade Performance — HSN Chapter 56 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₹5,636 Cr
+18.39%
vs FY 2023-24
0.1522% of India’s total exports
India’s Imports
FY 2024-25₹4,013 Cr
+15.76%
vs FY 2023-24
0.0658% of India’s total imports
Trade Balance
FY 2024-25₹1,623 Cr
Trade Surplus
Surplus rank #39 of 97 chapters
At a glance
11.14%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#61
National Export Rank
of 97 chapters by export value, FY 2024-25
+25.33%
Peak Growth Year
FY 2020-21 · strongest single-year move
1.9×
Export Growth · 7Y
₹2,990.84 Cr → ₹5,635.62 Cr
India Export-Import Trade Statistics for HSN Chapter 56
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 #64
Balance
+464.96
Exports
2,990.84 ₹ Cr
0.1297% share
— YoY
Imports
2,525.88 ₹ Cr
0.0703% share
— YoY
FY 2019-20
Exp. Rank #63
Balance
+232.27
Exports
2,924.88 ₹ Cr
0.1318% share
−2.21% YoY
Imports
2,692.61 ₹ Cr
0.0801% share
+6.60% YoY
FY 2020-21
Exp. Rank #59
Balance
+1,207.64
Exports
3,665.78 ₹ Cr
0.1698% share
+25.33% YoY
Imports
2,458.14 ₹ Cr
0.0843% share
−8.71% YoY
FY 2021-22
Exp. Rank #64
Balance
+848.62
Exports
4,157.14 ₹ Cr
0.1321% share
+13.40% YoY
Imports
3,308.52 ₹ Cr
0.0724% share
+34.59% YoY
FY 2022-23
Exp. Rank #63
Balance
+671.12
Exports
4,148.49 ₹ Cr
0.1146% share
−0.21% YoY
Imports
3,477.37 ₹ Cr
0.0605% share
+5.10% YoY
FY 2023-24
Exp. Rank #63
Balance
+1,293.82
Exports
4,760.33 ₹ Cr
0.1316% share
+14.75% YoY
Imports
3,466.51 ₹ Cr
0.0617% share
−0.31% YoY
FY 2024-25
Exp. Rank #61
Balance
+1,622.95
Exports
5,635.62 ₹ Cr
0.1522% share
+18.39% YoY
Imports
4,012.67 ₹ Cr
0.0658% share
+15.76% YoY
CAGR · 7-Year
Exports
11.14% /yr
Imports
8.02% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 56 Export-Import Analysis
HSN Chapter 56 Ranked #61 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 56 ranks #61 out of 97 chapters by total export value. By trade surplus, it ranks #39 of 97.
FY 2020-21 Was the Strongest Growth Year for HSN Chapter 56 Exports
The strongest single-year export movement for HSN Chapter 56 was recorded in FY 2020-21, when exports surged by 25.33% over the prior year.
India Maintains a Trade Surplus of ₹1,622.95 Crore in HSN Chapter 56 Goods
In FY 2024-25, India's exports of ₹5,635.62 Cr exceeded imports of ₹4,012.67 Cr, resulting in a trade surplus of ₹1,622.95 Crore — ranking #39 of 97 by surplus magnitude.
Import Growth of 8.02% CAGR Signals Stable Import Dependency for Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof
India's imports under HSN Chapter 56 have grown at 8.02% CAGR, reaching ₹4,012.67 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.