Consistent Export Growth: 6.20% CAGR Over 7 Years
India's exports under HSN Chapter 57 have grown at a compound annual rate of 6.20% over 7 fiscal years, rising from ₹12,364.69 Crore in FY 2018-19 to ₹17,743.68 Crore in FY 2024-25.
HSN Chapter 57 represents Carpets and Other Textile Floor Coverings under GST classification. This code helps businesses identify Carpets and Other Textile Floor Coverings correctly for billing, taxation, and trade purposes. With HSN Chapter 57, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Carpets and Other Textile Floor Coverings.
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Following Sub Chapters fall under Carpets and Other Textile Floor Coverings:
Sub Chapter
New GST Rate
Old GST Rate
Description
Carpets and other textile floor coverings, knotted, whether or not made up
Sub Chapter
New GST Rate
Old GST Rate
Description
Carpets and other textile floor coverings,woven, not tufted or flocked, whether or not made up, including “kelem”, “schumacks”, “karamanie” and similar hand-woven rugs
Sub Chapter
New GST Rate
Old GST Rate
Description
Carpets and other textile floor coverings, tufted, whether or not made up
Sub Chapter
New GST Rate
Old GST Rate
Description
Carpets and other textile floor coverings, of felt, not tufted or flocked, whether or not made up
Sub Chapter
New GST Rate
Old GST Rate
Description
Other carpets and other textile floor coverings, whether or not made up
India’s Exports
FY 2024-25₹17,744 Cr
0.4791% of India’s total exports
India’s Imports
FY 2024-25₹1,475 Cr
0.0242% of India’s total imports
Trade Balance
FY 2024-25₹16,269 Cr
Surplus rank #13 of 97 chapters
At a glance
6.20%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#39
National Export Rank
of 97 chapters by export value, FY 2024-25
+20.49%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.4×
Export Growth · 7Y
₹12,364.69 Cr → ₹17,743.68 Cr
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+11,512.97
Exports
12,364.69 ₹ Cr
0.5360% share
— YoY
Imports
851.72 ₹ Cr
0.0237% share
— YoY
Balance
+10,831.84
Exports
11,799.84 ₹ Cr
0.5319% share
−4.57% YoY
Imports
968.00 ₹ Cr
0.0288% share
+13.65% YoY
Balance
+13,160.17
Exports
13,810.57 ₹ Cr
0.6399% share
+17.04% YoY
Imports
650.40 ₹ Cr
0.0223% share
−32.81% YoY
Balance
+15,783.24
Exports
16,640.11 ₹ Cr
0.5288% share
+20.49% YoY
Imports
856.87 ₹ Cr
0.0187% share
+31.75% YoY
Balance
+13,403.58
Exports
14,700.67 ₹ Cr
0.4060% share
−11.66% YoY
Imports
1,297.09 ₹ Cr
0.0226% share
+51.38% YoY
Balance
+14,226.82
Exports
15,530.47 ₹ Cr
0.4292% share
+5.64% YoY
Imports
1,303.65 ₹ Cr
0.0232% share
+0.51% YoY
Balance
+16,268.76
Exports
17,743.68 ₹ Cr
0.4791% share
+14.25% YoY
Imports
1,474.92 ₹ Cr
0.0242% share
+13.14% YoY
CAGR · 7-Year
Exports
6.20% /yr
Imports
9.58% /yr
India's exports under HSN Chapter 57 have grown at a compound annual rate of 6.20% over 7 fiscal years, rising from ₹12,364.69 Crore in FY 2018-19 to ₹17,743.68 Crore in FY 2024-25.
In FY 2024-25, HSN Chapter 57 ranks #39 out of 97 chapters by total export value. By trade surplus, it ranks #13 of 97.
The strongest single-year export movement for HSN Chapter 57 was recorded in FY 2021-22, when exports surged by 20.49% over the prior year.
In FY 2024-25, India's exports of ₹17,743.68 Cr exceeded imports of ₹1,474.92 Cr, resulting in a trade surplus of ₹16,268.76 Crore — ranking #13 of 97 by surplus magnitude.
India's imports under HSN Chapter 57 have grown at 9.58% CAGR, reaching ₹1,474.92 Crore in FY 2024-25.
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.