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

India's trade deficit widened to USD 14.62 billion in May 2018 from USD 13.84 billion in the same period of the previous year, and above market consensus of a USD 14.23 billion gap. Imports rose 14.85 percent to USD 43.48 billion, mainly due to a 50 percent surge in oil imports despite higher global prices, and exports increased 20.2 percent to USD 28.86 billion. Balance of Trade in India averaged -2395.30 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
2018-04-13 12:10 PM Balance of Trade $-13.7B $-12B $ -14.5B
2018-05-15 12:10 PM Balance of Trade $-13.72B $-13.7B $ -10.1B
2018-06-15 07:40 AM Balance of Trade $-14.62B $-13.72B $-14.23B $ -14B
2018-07-14 12:05 PM Balance of Trade $-14.62B $ -16.2B
2018-08-14 12:05 PM Balance of Trade $ -13.8B
2018-09-15 12:35 PM Balance of Trade $ -14.6B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -14620.00 -13720.00 258.90 -20210.90 USD Million [+]
Exports 28860.00 25910.00 30541.44 59.01 USD Million [+]
Imports 43480.00 39630.00 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 513438.00 495800.00 513438.00 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 4859.00 1795.00 8579.00 -1336.00 USD Million [+]
Remittances 12003.97 11623.76 12293.40 5999.10 USD Million [+]
Tourist Arrivals 606043.00 749477.00 1176000.00 129286.00 [+]
Gold Reserves 560.30 558.10 560.30 357.75 Tonnes [+]
Crude Oil Production 728.00 716.00 813.00 526.00 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-14620.00 -13720.00 258.90 -20210.90 1957 - 2018 USD Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 977.00 Apr/18
Brazil 5981.00 May/18
Canada -1902.20 Apr/18
China 249.22 May/18
Euro Area 16704.70 Apr/18
France -4954.00 Apr/18
Germany 20413.00 Apr/18
India -14620.00 May/18
Indonesia -1523.60 May/18
Italy 2937.96 Apr/18
Japan -578.32 May/18
Mexico -289.15 Apr/18
Netherlands 3841.00 Apr/18
Russia 15316.00 Apr/18
South Korea 6732.00 May/18
Spain -3050045.00 Apr/18
Switzerland 2255.00 May/18
Turkey -6690.00 Apr/18
United Kingdom -5280.00 Apr/18
United States -46199.00 Apr/18


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