India recorded a trade deficit of 6320 USD Million in May of 2021, preliminary estimates showed. source: Ministry of Commerce and Industry, India

Balance of Trade in India averaged -2843.74 USD Million from 1957 until 2021, reaching an all time high of 790 USD Million in June of 2020 and a record low of -20210.90 USD Million in October of 2012. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Balance of Trade in India is expected to be -12100.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in India to stand at -12000.00 in 12 months time. In the long-term, the India Balance of Trade is projected to trend around -7200.00 USD Million in 2022 and -10600.00 USD Million in 2023, according to our econometric models.

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India Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-6320.00 -15100.00 790.00 -20210.90 1957 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-15 12:20 PM Balance of Trade Final Mar $-13.93B $-12.62B $-14.11B $-14.11B
2021-05-02 03:30 AM Balance of Trade Prel Apr $-15.24B $-13.93B $-12B
2021-05-14 12:25 PM Balance of Trade Final Apr $-15.09B $-13.93B $-15.2B $-15.24B
2021-06-02 06:30 AM Balance of Trade Prel May $-6.32B $-15.09B $-10.4B
2021-06-15 12:20 PM Balance of Trade Final May $-15.09B $-6.32B $-6.32B
2021-07-15 12:20 PM Balance of Trade Jun $ -12.1B
2021-08-13 12:20 PM Balance of Trade Jul
2021-09-15 12:20 PM Balance of Trade Aug


News Stream
India Trade Gap Widens in April
India's trade deficit in goods widened to USD 15.1 billion in April 2021, from USD 6.76 billion in the same period last year, as both domestic and foreign demand rebounded from last year's record declines. In April 2020, the country was under a strict national lockdown to curb the spread of the coronavirus. Exports surged 195.72 percent to USD 30.63 billion, boosted by sales of gems & jewelry, jute manufacturing including floor covering, carpet, handicrafts excluding handmade carpet, and leather & leather products, among others. Imports jumped 167.05 percent to USD 45.72 billion, as purchases of both oil and non-oil products rose sharply.
2021-05-14
India Trade Deficit Widens in April
India's trade deficit in goods widened to USD 15.24 billion in April 2021, from USD 6.76 billion in the same period last year, a preliminary estimate showed. Exports rose to USD 30.21 billion for the month from USD 10.17 billion a year earlier, while imports rose to USD 45.45 billion from USD 17.09 billion, as both domestic and foreign demand rebounded from last year's record declines. In April 2020, India was under a strict national lockdown to curb the spread of the coronavirus.
2021-05-03
India Trade Deficit Revised Slightly Lower, Exports and Imports at Record High
India's trade gap widened to $13.93 billion in March of 2021 from $9.98 billion a year earlier, and compared to preliminary estimates of a higher $14.11 billion gap. Exports soared 60.3% to a record high of $34.5 billion, with major increases seen in sales of other cereals (326%); oil meals (230%); iron ore (194%); jute manufactured (105%); electronic goods (92%); carpet (90%); gems & jewellery (79%); engineering goods (71%); cereal preparations (68%) and rice (67%). It compares with preliminary estimates of $34 billion. Imports were unrevised at $48.38 billion, also a record high, mainly due to higher international oil prices.
2021-04-15
India Trade Gap Rises in March
India's trade gap widened to USD 14.11 billion in March of 2021 from USD 9.76 billion a year earlier, preliminary figures showed. Exports soared 58.2 percent to a record high of USD 34 billion, with non-petroleum sales up 62.3 percent while imports jumped 52.9 percent to USD 48.12 billion, also a record.
2021-04-01

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.