Consistent Export Growth: 2.76% CAGR Over 7 Years
India's exports under HSN Chapter 58 have grown at a compound annual rate of 2.76% over 7 fiscal years, rising from ₹2,638.63 Crore in FY 2018-19 to ₹3,107.36 Crore in FY 2024-25.
58 HSN Code: Special Woven Fabrics, Lace & Embroidery
HSN Chapter 58 represents Special Woven Fabrics, Lace & Embroidery under GST classification. This code helps businesses identify Special Woven Fabrics, Lace & Embroidery correctly for billing, taxation, and trade purposes. With HSN Chapter 58, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Special Woven Fabrics, Lace & Embroidery.
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Sub-chapters under HSN Chapter 58
Following Sub Chapters fall under Special Woven Fabrics, Lace & Embroidery:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Woven pile fabrics and chenille fabrics, other than fabrics of heading 5802 or 5806
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Terry towelling and similar woven terry fabrics, other than narrow fabrics of heading 5806; tufted textile fabrics, other than products of heading 5703
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Gauze, other than narrow fabrics of heading 5806
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Tulles and other net fabrics, not including woven, knitted or crocheted fabrics; lace in the piece, in strips or in motifs, other than fabrics of headings 6002 to 6006
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Hand-woven tapestries of the type gobelins, flanders, aubusson, beauvais and the like, and needle-worked tapestries (for example, petit point, cross stitch), whether or not made up
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Narrow woven fabrics other than goods of heading 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Labels, badges and similar articles of textile materials, in the piece, in strips or cut to shape or size, not embroidered
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Woven fabrics of metal thread and woven fabrics of metallised yarn of heading 5605, of a kind used in apparel, as furnishing fabrics or for similar purposes, not elsewhere specified or included
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Embroidery in the piece, in strips or in motifs
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Quilted textile products in the piece, composed of one or more layers of textile materials assembled with padding by stitching or otherwise, other than embroidery of heading 5810
India’s Trade Performance — HSN Chapter 58 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₹3,107 Cr
+4.28%
vs FY 2023-24
0.0839% of India’s total exports
India’s Imports
FY 2024-25₹1,925 Cr
+16.50%
vs FY 2023-24
0.0316% of India’s total imports
Trade Balance
FY 2024-25₹1,183 Cr
Trade Surplus
Surplus rank #40 of 97 chapters
At a glance
2.76%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#74
National Export Rank
of 97 chapters by export value, FY 2024-25
+18.99%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.2×
Export Growth · 7Y
₹2,638.63 Cr → ₹3,107.36 Cr
India Export-Import Trade Statistics for HSN Chapter 58
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 #68
Balance
+1,176.98
Exports
2,638.63 ₹ Cr
0.1144% share
— YoY
Imports
1,461.65 ₹ Cr
0.0407% share
— YoY
FY 2019-20
Exp. Rank #62
Balance
+1,426.80
Exports
2,968.91 ₹ Cr
0.1338% share
+12.52% YoY
Imports
1,542.11 ₹ Cr
0.0459% share
+5.50% YoY
FY 2020-21
Exp. Rank #70
Balance
+1,098.71
Exports
2,318.59 ₹ Cr
0.1074% share
−21.90% YoY
Imports
1,219.88 ₹ Cr
0.0418% share
−20.90% YoY
FY 2021-22
Exp. Rank #70
Balance
+918.75
Exports
2,758.93 ₹ Cr
0.0877% share
+18.99% YoY
Imports
1,840.18 ₹ Cr
0.0402% share
+50.85% YoY
FY 2022-23
Exp. Rank #73
Balance
+1,042.08
Exports
2,786.26 ₹ Cr
0.0770% share
+0.99% YoY
Imports
1,744.18 ₹ Cr
0.0303% share
−5.22% YoY
FY 2023-24
Exp. Rank #72
Balance
+1,327.86
Exports
2,979.78 ₹ Cr
0.0824% share
+6.95% YoY
Imports
1,651.92 ₹ Cr
0.0294% share
−5.29% YoY
FY 2024-25
Exp. Rank #74
Balance
+1,182.84
Exports
3,107.36 ₹ Cr
0.0839% share
+4.28% YoY
Imports
1,924.52 ₹ Cr
0.0316% share
+16.50% YoY
CAGR · 7-Year
Exports
2.76% /yr
Imports
4.69% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 58 Export-Import Analysis
HSN Chapter 58 Ranked #74 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 58 ranks #74 out of 97 chapters by total export value. By trade surplus, it ranks #40 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 58 Exports
The strongest single-year export movement for HSN Chapter 58 was recorded in FY 2021-22, when exports surged by 18.99% over the prior year.
India Maintains a Trade Surplus of ₹1,182.84 Crore in HSN Chapter 58 Goods
In FY 2024-25, India's exports of ₹3,107.36 Cr exceeded imports of ₹1,924.52 Cr, resulting in a trade surplus of ₹1,182.84 Crore — ranking #40 of 97 by surplus magnitude.
Import Growth of 4.69% CAGR Signals Stable Import Dependency for Special Woven Fabrics, Lace & Embroidery
India's imports under HSN Chapter 58 have grown at 4.69% CAGR, reaching ₹1,924.52 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.