Consistent Export Growth: 10.37% CAGR Over 7 Years
India's exports under HSN Chapter 94 have grown at a compound annual rate of 10.37% over 7 fiscal years, rising from ₹11,965.33 Crore in FY 2018-19 to ₹21,633.64 Crore in FY 2024-25.
94 HSN Code: Furniture & Mattresses, with Lamps & Fittings
HSN Chapter 94 represents Furniture & Mattresses, with Lamps & Fittings under GST classification. This code helps businesses identify Furniture & Mattresses, with Lamps & Fittings correctly for billing, taxation, and trade purposes. With HSN Chapter 94, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Furniture & Mattresses, with Lamps & Fittings.
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Sub-chapters under HSN Chapter 94
Following Sub Chapters fall under Furniture & Mattresses, with Lamps & Fittings:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Seats (other than those of heading 9402), whether or not convertible into beds, and parts thereof
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Medical, surgical, dental or veterinary furniture (for example, operating tables, examination tables, hospital beds with mechanical fittings, dentists' chairs); barbers' chairs and similar chairs, having rotating as well as both reclining and elevating movements; parts of the foregoing articles
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
5
%
Description
Other furniture and parts thereof
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Mattress supports; articles of bedding and similar furnishing (for example, mattresses, quilts, eiderdowns, cushions, pouffes and pillows) fitted with springs or stuffed or internally fitted with any material or of cellular rubber or plastics, whether or not covered
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Lamps and lighting fittings including searchlights and spotlights and parts thereof, not elsewhere specified or included; illuminated signs, illuminated name-plates and the like, having a permanently fixed light source, and parts thereof not elsewhere specified or included
India’s Trade Performance — HSN Chapter 94 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₹21,634 Cr
+8.11%
vs FY 2023-24
0.5842% of India’s total exports
India’s Imports
FY 2024-25₹14,539 Cr
+10.36%
vs FY 2023-24
0.2384% of India’s total imports
Trade Balance
FY 2024-25₹7,095 Cr
Trade Surplus
Surplus rank #24 of 97 chapters
At a glance
10.37%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#31
National Export Rank
of 97 chapters by export value, FY 2024-25
+42.09%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.8×
Export Growth · 7Y
₹11,965.33 Cr → ₹21,633.64 Cr
India Export-Import Trade Statistics for HSN Chapter 94
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 #36
Balance
−596.17
Exports
11,965.33 ₹ Cr
0.5187% share
— YoY
Imports
12,561.50 ₹ Cr
0.3495% share
— YoY
FY 2019-20
Exp. Rank #34
Balance
+1,805.68
Exports
13,170.95 ₹ Cr
0.5937% share
+10.08% YoY
Imports
11,365.27 ₹ Cr
0.3382% share
−9.52% YoY
FY 2020-21
Exp. Rank #29
Balance
+7,109.27
Exports
15,055.64 ₹ Cr
0.6976% share
+14.31% YoY
Imports
7,946.37 ₹ Cr
0.2725% share
−30.08% YoY
FY 2021-22
Exp. Rank #28
Balance
+11,380.83
Exports
21,392.20 ₹ Cr
0.6799% share
+42.09% YoY
Imports
10,011.37 ₹ Cr
0.2189% share
+25.99% YoY
FY 2022-23
Exp. Rank #32
Balance
+6,770.89
Exports
19,329.18 ₹ Cr
0.5339% share
−9.64% YoY
Imports
12,558.29 ₹ Cr
0.2184% share
+25.44% YoY
FY 2023-24
Exp. Rank #35
Balance
+6,837.85
Exports
20,011.46 ₹ Cr
0.5531% share
+3.53% YoY
Imports
13,173.61 ₹ Cr
0.2346% share
+4.90% YoY
FY 2024-25
Exp. Rank #31
Balance
+7,094.80
Exports
21,633.64 ₹ Cr
0.5842% share
+8.11% YoY
Imports
14,538.84 ₹ Cr
0.2384% share
+10.36% YoY
CAGR · 7-Year
Exports
10.37% /yr
Imports
2.47% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 94 Export-Import Analysis
HSN Chapter 94 Ranked #31 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 94 ranks #31 out of 97 chapters by total export value. By trade surplus, it ranks #24 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 94 Exports
The strongest single-year export movement for HSN Chapter 94 was recorded in FY 2021-22, when exports surged by 42.09% over the prior year.
India Maintains a Trade Surplus of ₹7,094.80 Crore in HSN Chapter 94 Goods
In FY 2024-25, India's exports of ₹21,633.64 Cr exceeded imports of ₹14,538.84 Cr, resulting in a trade surplus of ₹7,094.80 Crore — ranking #24 of 97 by surplus magnitude.
Import Growth of 2.47% CAGR Signals Stable Import Dependency for Furniture & Mattresses, with Lamps & Fittings
India's imports under HSN Chapter 94 have grown at 2.47% CAGR, reaching ₹14,538.84 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.