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

India's trade deficit widened sharply to USD 11.64 billion in August 2017 from USD 7.71 billion in the same month of the previous year and above market expectations of a USD 11.34 billion gap. Exports advanced 10.3 percent from a year ago to USD 23.82 billion, as sales increased for engineering goods (19.5 percent); petroleum products (36.6 percent); organic and inorganic chemicals (32.4 percent); drugs and pharmaceuticals (4.2 percent); and RMG of all textiles (0.6 percent). Meanwhile, imports jumped 21 percent to USD 35.46 billion, as purchases increased mainly for petroleum, crude and products (14.2 percent); electronic goods (27.4 percent); machinery, electrical and non-electrical (18.4 percent); pearls, precious and semiprecious stones (30.9 percent); and gold (68.9 percent). Considering April-August 2017-18, the trade gap widened to USD 63.14 billion from USD 34.29 billion in the same period of the previous fiscal year. Balance of Trade in India averaged -2253.48 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
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Calendar GMT Actual Previous Consensus TEForecast
2017-07-14 12:05 PM Balance of Trade $-12.96B $-13.84B $-12.52B $-13.2B
2017-08-14 12:05 PM Balance of Trade $-11.45B $-12.96B $-12B $-11.9B
2017-09-15 12:35 PM Balance of Trade $-11.64B $-11.45B $-11.34B $-11B
2017-10-16 12:30 PM Balance of Trade $-11.64B $-13B
2017-11-15 12:50 PM Balance of Trade
2017-12-15 12:30 PM Balance of Trade


India Trade Last Previous Highest Lowest Unit
Balance of Trade -11643.96 -11449.80 258.90 -20210.90 USD Million [+]
Exports 23818.83 22543.80 30541.44 59.01 USD Million [+]
Imports 35462.79 33993.60 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 471852.00 456100.00 485035.00 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 3409.00 2544.00 5670.00 -60.00 USD Million [+]
Remittances 10097.59 9533.93 12293.40 5999.10 USD Million [+]
Tourist Arrivals 724000.00 788000.00 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-11643.96 -11449.80 258.90 -20210.90 1957 - 2017 USD Million Monthly
Current Prices, NSA




balance of trade by Country

Last
Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 113.64 Aug/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -2099000.00 Jul/17
Switzerland 2173.00 Aug/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17