Consistent Export Growth: 9.18% CAGR Over 7 Years
India's exports under HSN Chapter 68 have grown at a compound annual rate of 9.18% over 7 fiscal years, rising from ₹11,053.68 Crore in FY 2018-19 to ₹18,722.47 Crore in FY 2024-25.
68 HSN Code: Stone, Cement & Plaster Items
HSN Chapter 68 represents Stone, Cement & Plaster Items under GST classification. This code helps businesses identify Stone, Cement & Plaster Items correctly for billing, taxation, and trade purposes. With HSN Chapter 68, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Stone, Cement & Plaster Items.
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Sub-chapters under HSN Chapter 68
Following Sub Chapters fall under Stone, Cement & Plaster Items:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Setts, curbstones and flagstones, of natural stone (except slate)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Worked monumental or building stone (except slate) and articles thereof, other than goods of heading 6801; mosaic cubes and the like, of natural stone (including slate), whether or not on a backing; artificially coloured granules, chippings and powder, of natural stone (including slate)
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Worked slate and articles of slate or of agglomerated slate
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Millstones, grindstones, grinding wheels and the like, without frameworks, for grinding, sharpening, polishing, trueing or cutting,hand sharpening or polishing stones, and parts thereof, of natural stone, of agglomerated natural or artificial abrasives, or of ceramics, with or without parts of other materials
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Natural or artificial abrasive powder or grain, on a base of textile material, of paper, of paperboard or of other materials, whether or not cut to shape or sewn or otherwise made up
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Slag wool, rock wool and similar mineral wools; exfoliated vermiculite, expanded clays, foamed slag and similar expanded mineral materials; mixtures and articles of heat-insulating, sound-insulating or sound-absorbing mineral materials, other than those of heading 6811 or 6812 or of chapter 69
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Articles of asphalt or of similar material (for example, petroleum bitumen or coal tar pitch)
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Panels, boards, tiles, blocks and similar articles of vegetable fibre, of straw or of shavings, chips, particles, sawdust or other waste, of wood, agglomerated with cement, plaster or other mineral binders
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Articles of plaster or of compositions based on plaster
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Articles of cement, of concrete or of artificial stone, whether or not reinforced
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Articles of asbestos-cement, of cellulose fibre-cement or the like
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Fabricated asbestos fibres; mixtures with a basis of asbestos or with a basis of asbestos and magnesium carbonate; articles of such mixtures or of asbestos (for example, thread, woven fabric, clothing, headgear, footwear, gaskets), whether or not reinforced, other than goods of heading 6811 or 6813
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Friction material and articles thereof (for example, sheets, rolls, strips, segments, discs, washers, pads), not mounted, for brakes, for clutches or the like, with a basis of asbestos, of other mineral substances or of cellulose, whether or not combined with textile or other materials
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Worked mica and articles of mica, including agglomerated or reconstituted mica, whether or not on a support of paper, paperboard or other materials
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Articles of stone or of other mineral substances (including carbon fibres, articles of carbon fibres and articles of peat), not elsewhere specified or included [other than Fly ash bricks; Fly ash aggregates; Fly ash blocks]
India’s Trade Performance — HSN Chapter 68 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₹18,722 Cr
+9.12%
vs FY 2023-24
0.5055% of India’s total exports
India’s Imports
FY 2024-25₹9,054 Cr
+8.19%
vs FY 2023-24
0.1485% of India’s total imports
Trade Balance
FY 2024-25₹9,668 Cr
Trade Surplus
Surplus rank #21 of 97 chapters
At a glance
9.18%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#36
National Export Rank
of 97 chapters by export value, FY 2024-25
+23.92%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.7×
Export Growth · 7Y
₹11,053.68 Cr → ₹18,722.47 Cr
India Export-Import Trade Statistics for HSN Chapter 68
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 #42
Balance
+4,012.80
Exports
11,053.68 ₹ Cr
0.4792% share
— YoY
Imports
7,040.88 ₹ Cr
0.1959% share
— YoY
FY 2019-20
Exp. Rank #37
Balance
+5,806.54
Exports
11,944.15 ₹ Cr
0.5384% share
+8.06% YoY
Imports
6,137.61 ₹ Cr
0.1826% share
−12.83% YoY
FY 2020-21
Exp. Rank #35
Balance
+8,572.37
Exports
13,749.14 ₹ Cr
0.6370% share
+15.11% YoY
Imports
5,176.77 ₹ Cr
0.1775% share
−15.66% YoY
FY 2021-22
Exp. Rank #34
Balance
+10,026.21
Exports
17,037.88 ₹ Cr
0.5415% share
+23.92% YoY
Imports
7,011.67 ₹ Cr
0.1533% share
+35.44% YoY
FY 2022-23
Exp. Rank #36
Balance
+8,961.20
Exports
17,274.38 ₹ Cr
0.4771% share
+1.39% YoY
Imports
8,313.18 ₹ Cr
0.1446% share
+18.56% YoY
FY 2023-24
Exp. Rank #39
Balance
+8,788.05
Exports
17,157.09 ₹ Cr
0.4742% share
−0.68% YoY
Imports
8,369.04 ₹ Cr
0.1490% share
+0.67% YoY
FY 2024-25
Exp. Rank #36
Balance
+9,668.35
Exports
18,722.47 ₹ Cr
0.5055% share
+9.12% YoY
Imports
9,054.12 ₹ Cr
0.1485% share
+8.19% YoY
CAGR · 7-Year
Exports
9.18% /yr
Imports
4.28% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 68 Export-Import Analysis
HSN Chapter 68 Ranked #36 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 68 ranks #36 out of 97 chapters by total export value. By trade surplus, it ranks #21 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 68 Exports
The strongest single-year export movement for HSN Chapter 68 was recorded in FY 2021-22, when exports surged by 23.92% over the prior year.
India Maintains a Trade Surplus of ₹9,668.35 Crore in HSN Chapter 68 Goods
In FY 2024-25, India's exports of ₹18,722.47 Cr exceeded imports of ₹9,054.12 Cr, resulting in a trade surplus of ₹9,668.35 Crore — ranking #21 of 97 by surplus magnitude.
Import Growth of 4.28% CAGR Signals Stable Import Dependency for Stone, Cement & Plaster Items
India's imports under HSN Chapter 68 have grown at 4.28% CAGR, reaching ₹9,054.12 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.