Consistent Export Growth: 6.42% CAGR Over 7 Years
India's exports under HSN Chapter 70 have grown at a compound annual rate of 6.42% over 7 fiscal years, rising from ₹6,655.35 Crore in FY 2018-19 to ₹9,665.87 Crore in FY 2024-25.
70 HSN Code: Glass & Glassware
HSN Chapter 70 represents Glass & Glassware under GST classification. This code helps businesses identify Glass & Glassware correctly for billing, taxation, and trade purposes. With HSN Chapter 70, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Glass & Glassware.
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Sub-chapters under HSN Chapter 70
Following Sub Chapters fall under Glass & Glassware:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Cullet and other waste and scrap of glass, excluding glass from cathode ray tubes or other activated glass of heading 8549; glass in the mass
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Glass in balls (other than microspheres of heading 7018), rods or tubes, unworked
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Cast glass and rolled glass, in sheets or profiles, whether or not having an absorbent, reflecting or non-reflecting layer, but not otherwise worked
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Drawn glass and blown glass, in sheets, whether or not having an absorbent, reflecting or non-reflecting layer, but not otherwise worked
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Float glass and surface ground or polished glass, in sheets, whether or not having an absorbent, reflecting or non-reflecting layer, but not otherwise worked
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Glass of heading 70.03, 70.04 or 70.05, bent, edge worked, engraved, grilled, enamelled or otherwise worked, but framed or fitted with other materials
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Safety glass, consisting of toughened (tempered) or laminated glass
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Multiple-walled insulating units of glass
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Glass mirrors, whether or not framed, including rear-view mirrors
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Carboys, bottles, flasks, jars, pots, phials, ampoules and other containers, of glass, of a kind used for the conveyance or packing of goods; preserving jars of glass; stoppers, lids and other closures, of glass
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Glass envelopes (including bulbs and tubes), open, and glass parts thereof, without fittings, for electric lamps and light sources, cathode-ray tubes or the like
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Glassware of a kind used for table, kitchen,toilet, office, indoor decoration or similar purposes (other than that of heading 7010 or 7018)
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Signalling glassware and optical elements of glass (other than those of heading 7015), not optically worked
Sub Chapter
New GST Rate
40
%
Standard
Old GST Rate
18
%
Description
Clock or watch glasses and similar glasses, glasses for non-corrective or corrective spectacles, curved, bent, hollowed or the like; not optically worked; hollow glass spheres and their segments, for the manufacture of such glasses
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Paving blocks, slabs, bricks, squares, tiles and other articles of pressed or moulded glass, whether or not wired, of a kind used for building or construction purposes; glass cubes and other glass small wares, whether or not on a backing, for mosaics or similar decorative purposes; leaded lights and the like; multi-cellular or foam glass in blocks, panels, plates, shells or similar forms
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrated
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Glass beads, imitation pearls, imitation precious or semi-precious stones and similar glass smallwares, and articles thereof other than imitation jewellery, glass eyes other than prosthetic articles; statuettes and other ornaments of lamp-worked glass, other than imitation jewellery; glass microspheres not exceeding 1 mm in diameter
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Glass fibres (including glass wool) and articles thereof (for example, yarn, rovings, woven fabrics)
India’s Trade Performance — HSN Chapter 70 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₹9,666 Cr
+5.69%
vs FY 2023-24
0.2610% of India’s total exports
India’s Imports
FY 2024-25₹18,611 Cr
+26.03%
vs FY 2023-24
0.3052% of India’s total imports
Trade Balance
FY 2024-25−₹8,945 Cr
Trade Deficit
Surplus rank #76 of 97 chapters
At a glance
6.42%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#50
National Export Rank
of 97 chapters by export value, FY 2024-25
+28.86%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.5×
Export Growth · 7Y
₹6,655.35 Cr → ₹9,665.87 Cr
India Export-Import Trade Statistics for HSN Chapter 70
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 #48
Balance
−2,817.87
Exports
6,655.35 ₹ Cr
0.2885% share
— YoY
Imports
9,473.22 ₹ Cr
0.2636% share
— YoY
FY 2019-20
Exp. Rank #48
Balance
−2,714.23
Exports
5,941.11 ₹ Cr
0.2678% share
−10.73% YoY
Imports
8,655.34 ₹ Cr
0.2575% share
−8.63% YoY
FY 2020-21
Exp. Rank #49
Balance
−1,304.84
Exports
6,152.44 ₹ Cr
0.2851% share
+3.56% YoY
Imports
7,457.28 ₹ Cr
0.2558% share
−13.84% YoY
FY 2021-22
Exp. Rank #48
Balance
−2,686.18
Exports
7,927.87 ₹ Cr
0.2520% share
+28.86% YoY
Imports
10,614.05 ₹ Cr
0.2321% share
+42.33% YoY
FY 2022-23
Exp. Rank #51
Balance
−5,663.62
Exports
8,406.90 ₹ Cr
0.2322% share
+6.04% YoY
Imports
14,070.52 ₹ Cr
0.2447% share
+32.57% YoY
FY 2023-24
Exp. Rank #49
Balance
−5,622.41
Exports
9,145.28 ₹ Cr
0.2528% share
+8.78% YoY
Imports
14,767.69 ₹ Cr
0.2630% share
+4.95% YoY
FY 2024-25
Exp. Rank #50
Balance
−8,945.49
Exports
9,665.87 ₹ Cr
0.2610% share
+5.69% YoY
Imports
18,611.36 ₹ Cr
0.3052% share
+26.03% YoY
CAGR · 7-Year
Exports
6.42% /yr
Imports
11.91% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 70 Export-Import Analysis
HSN Chapter 70 Ranked #50 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 70 ranks #50 out of 97 chapters by total export value. By trade surplus, it ranks #76 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 70 Exports
The strongest single-year export movement for HSN Chapter 70 was recorded in FY 2021-22, when exports surged by 28.86% over the prior year.
India Records a Trade Deficit of ₹8,945.49 Crore in HSN Chapter 70 Goods
In FY 2024-25, India's imports of ₹18,611.36 Cr exceeded exports of ₹9,665.87 Cr, resulting in a trade deficit of ₹8,945.49 Crore — ranking #76 of 97 by surplus magnitude.
Import Growth of 11.91% CAGR Signals Rising Demand for Glass & Glassware
India's imports under HSN Chapter 70 have grown at 11.91% CAGR, reaching ₹18,611.36 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.