India Balance of Trade  1957-2017 | Data | Chart | Calendar | Forecast

India's trade deficit increased to USD 14.02 billion in October of 2017 from a USD 11.1 billion shortfall a year earlier and above market expectations of a USD 10.4 billion gap. It is the biggest trade deficit since November of 2014. Exports went down 1.1 percent year-on-year to USD 23.1 billion, the first annual fall in 15 months. Imports rose 7.6 percent to USD 37.12 billion, boosted by purchases of petroleum, crude and products (27.9 percent); electronic goods (7 percent); machinery, electrical and non-electrical (17.4 percent); coal, coke and briquettes (66.3 percent) and organic and inorganic chemicals (30.5 percent). In contrast, gold imports declined 16 percent. Considering the April-October period, the country's trade deficit widened sharply to USD 86.2 billion from a USD 54.5 billion deficit a year earlier as imports jumped 22.2 percent while exports rose at a slower 9.6 percent. Balance of Trade in India averaged -2279.82 USD Million from 1957 until 2017, 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Calendar GMT Actual Previous Consensus TEForecast
2017-09-15 12:35 PM Balance of Trade $-11.64B $-11.45B $-11.34B $-11B
2017-10-13 12:20 PM Balance of Trade $-8.98B $-11.64B $-11B $-13B
2017-11-14 12:05 PM Balance of Trade $-14.02B $-8.98B $-10.45B $-9.1B
2017-12-15 12:05 PM Balance of Trade $-14.02B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -14018.80 -8984.29 258.90 -20210.90 USD Million [+]
Exports 23098.18 28613.41 30541.44 59.01 USD Million [+]
Imports 37117.00 37597.70 45281.90 117.40 USD Million [+]
Current Account -14300.00 -3432.97 7360.00 -31857.18 USD Million [+]
Current Account to GDP -0.70 -1.06 2.28 -4.80 percent [+]
External Debt 485800.00 471852.00 485800.00 96392.00 USD Million [+]
Terms of Trade 71.80 57.90 100.00 57.90 Index Points [+]
Capital Flows 8.42 23.54 766.97 -271.47 USD Million [+]
Foreign Direct Investment 1108.00 8579.00 8579.00 -60.00 USD Million [+]
Remittances 10097.59 9533.93 12293.40 5999.10 USD Million [+]
Tourist Arrivals 876000.00 723000.00 1037000.00 129286.00 [+]
Gold Reserves 557.77 557.77 557.77 357.75 Tonnes [+]
Crude Oil Production 744.00 745.00 813.48 526.00 BBL/D/1K [+]
Terrorism Index 7.48 7.75 8.09 7.22 [+]
Weapons Sales 42.00 42.00 42.00 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 high growth of imports, particularly of crude oil, gold and silver. In recent years, the biggest trade deficits were recorded with China, Saudi Arab, Iraq, Switzerland and Kuwait. India records trade surpluses with US, Singapore, Germany, Netherlands and United Kingdom. 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-14018.80 -8984.29 258.90 -20210.90 1957 - 2017 USD Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1745.00 Sep/17
Brazil 5201.00 Oct/17
Canada -3179.70 Sep/17
China 381.74 Oct/17
Euro Area 26364.90 Sep/17
France -4669.00 Sep/17
Germany 24100.00 Sep/17
India -14018.80 Oct/17
Indonesia 895.00 Oct/17
Italy 3989.78 Sep/17
Japan 285.36 Oct/17
Mexico -1886.40 Sep/17
Netherlands 6258.00 Sep/17
Russia 10222.00 Sep/17
South Korea 7300.00 Oct/17
Spain -3226685.00 Aug/17
Switzerland 2917.62 Sep/17
Turkey -8134.57 Sep/17
United Kingdom -2754.00 Sep/17
United States -43495.00 Sep/17