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

India trade gap widened 120.7 percent year-on-year to USD 13.84 billion in May of 2017, above market expectations of a USD 12.48 billion gap. It is the highest shortfall since November of 2014, due to a jump in gold imports. Total purchases surged 33.09 percent year-on-year to USD 37.86 billion, boosted by a 236.69 percent increase in gold imports and a 29.54 percent rise in oil. Exports went up 8.32 percent to USD 24.01 billion. Balance of Trade in India averaged -2213.03 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 Forecast (i)
2017-04-13 12:30 PM Mar $-10.44B $-8.9B $-8.4B $-8.9B
2017-05-15 12:20 PM Apr $-13.25B $-10.44B $-12.79B $-12B
2017-06-15 01:00 PM May $-13.84B $-13.25B $-12.48B $-10B
2017-07-17 12:30 PM Jun $-13.84B
2017-08-14 12:30 PM Jul
2017-09-15 12:30 PM Aug




India Trade Last Previous Highest Lowest Unit
Balance of Trade -13841.70 -13249.19 258.90 -20210.90 USD Million [+]
Exports 24014.62 24635.09 30541.44 59.01 USD Million [+]
Imports 37856.30 37884.28 45281.90 117.40 USD Million [+]
Current Account -3432.97 -7907.09 7360.00 -31857.18 USD Million [+]
Current Account to GDP -0.70 -1.06 2.28 -4.80 percent [+]
External Debt 456100.00 484300.00 485035.00 96392.00 USD Million [+]
Terms of Trade 57.90 60.20 100.00 57.90 Index Points [+]
Capital Flows 23.54 -19.06 766.97 -271.47 USD Million [+]
Foreign Direct Investment 3581.00 395.00 5670.00 -60.00 USD Million [+]
Remittances 9533.93 9888.18 12293.40 5999.10 USD Million [+]
Tourist Arrivals 630000.00 740000.00 1037000.00 129286.00 [+]
Gold Reserves 557.77 557.77 557.77 357.75 Tonnes [+]
Crude Oil Production 745.00 740.00 813.48 526.00 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 Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-13841.70 -13249.19 258.90 -20210.90 1957 - 2017 USD Million Monthly
Current Prices, NSA



balance of trade by Country

Last
Australia 555.00 Apr/17
Brazil 7661.00 May/17
Canada -370.30 Apr/17
China 407.90 May/17
Euro Area 17858.90 Apr/17
France -5535.00 Apr/17
Germany 18078.00 Apr/17
India -13841.70 May/17
Indonesia 474.00 May/17
Italy 3601.32 Apr/17
Japan -203.37 May/17
Mexico 616.79 Apr/17
Netherlands 3833.00 Apr/17
Russia 8001.00 Apr/17
South Korea 5990.00 May/17
Spain -1198829.00 Apr/17
Switzerland 3400.03 May/17
Turkey -4945.41 Apr/17
United Kingdom -2050.00 Apr/17
United States -47617.00 Apr/17