India Balance of Trade  1957-2018 | Data | Chart | Calendar | Forecast

India's trade deficit widened to USD 18.02 billion in July 2018 from USD 11.45 billion in the same month a year earlier. It was the largest trade gap since May 2013, as imports jumped 28.81 percent to USD 43.79 billion, boosted by higher purchases of petroleum, crude & products (57.41 percent), gold (40.94 percent), machinery, electrical & non-electrical (30.59 percent), electronic goods (26.42 percent), and pearls, precious & semi-precious stones (11.35 percent). Exports rose at a softer 14.32 percent to USD 25.77 billion, due to strong sales of petroleum products (30.08 percent), gems & jewellery (24.62 percent), organic & inorganic chemicals (19.89 percent), engineering goods (9.09 percent), and drugs & pharmaceuticals (2.20 percent). Considering April to July, the trade deficit widened to USD 62.96 billion from USD 51.50 billion in the same period of the previous fiscal year. Balance of Trade in India averaged -2435.67 USD Million from 1957 until 2018, reaching an all time high of 258.90 USD Million in March of 1977 and a record low of -20210.90 USD Million in October of 2012.

India Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-15 07:40 AM Balance of Trade $-14.62B $-13.72B $-14.23B $ -14B
2018-07-13 12:30 PM Balance of Trade $-16.6B $-14.62B $-14.50B $ -16.2B
2018-08-14 12:15 PM Balance of Trade $-18.0B $-16.6B $ -13.8B
2018-09-14 12:35 PM Balance of Trade $-18.0B $ -14.6B
2018-10-15 12:20 PM Balance of Trade $ -14.3B
2018-11-14 12:05 PM Balance of Trade $ -12.1B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -18020.00 -16600.00 258.90 -20210.90 USD Million [+]
Exports 25770.00 27700.00 30541.44 59.01 USD Million [+]
Imports 43790.00 44300.00 45281.90 117.40 USD Million [+]
Current Account -13000.00 -13465.11 7360.00 -31857.18 USD Million [+]
Current Account to GDP -1.90 -0.60 2.30 -4.80 percent [+]
External Debt 529673.00 529673.00 529673.00 96392.00 USD Million [+]
Terms of Trade 71.10 71.80 100.00 57.90 Index Points [+]
Capital Flows -42.87 33.39 766.97 -271.47 USD Million [+]
Foreign Direct Investment 1168.00 3971.00 8579.00 -1336.00 USD Million [+]
Remittances 12003.97 11623.76 12293.40 5999.10 USD Million [+]
Tourist Arrivals 681279.00 606043.00 1176000.00 129286.00 [+]
Gold Reserves 560.30 558.10 560.30 357.75 Tonnes [+]
Crude Oil Production 725.00 732.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.53 7.48 8.09 7.22 [+]
Weapons Sales 56.00 42.00 56.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



India Balance of Trade

India has been recording sustained trade deficits since 1980 mainly due to the strong imports growth, particularly of mineral fuels, oils and waxes and bituminous substances and pearls, precious and semi-precious stones and jewelry. In recent years, the biggest trade deficits were recorded with China, Switzerland, Saudi Arabia, Iraq and Indonesia. India records trade surpluses with the US, United Arab Emirates, Hong Kong, United Kingdom and Vietnam. This page provides the latest reported value for - India Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-18020.00 -16600.00 258.90 -20210.90 1957 - 2018 USD Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 22509.60 Jun/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.21 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1154.26 Jul/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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