India's trade deficit narrowed to USD 10.89 billion in March 2019 from USD 13.51 billion in the same month last year, slightly above market expectations of USD 10.3 billion. Exports increased 11.02 percent to USD 32.55 billion, boosted by sales of organic & inorganic chemicals (16.98%), engineering goods (16.27%), RMG of all textiles (15.13%), drugs & pharmaceuticals (13.59%), and petroleum products (6.55%). Meanwhile, imports rose at a much slower 1.44 percent to USD 43.44 billion, due mainly to purchases of oil (5.55%), while declines were seen in major commodity groups: coal, coke & briquettes (-14.85%); organic & inorganic chemicals (-6.35%); machinery, electrical & non-electrical (-5.74%); electronic goods (-5.69%); and pearls, precious & semi-precious stones (-1.03%). Considering April to March 2018-19, the trade gap widened to USD 176.42 billion from USD 162.05 billion in the same period of the previous fiscal year. Balance of Trade in India averaged -2564.93 USD Million from 1957 until 2019, 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.

Balance of Trade in India is expected to be -15759.63 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 -17000.00 in 12 months time. In the long-term, the India Balance of Trade is projected to trend around -14100.00 USD Million in 2020, according to our econometric models.

India Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-15 12:35 PM Balance of Trade $-13.08B $-16.67B $ -14.9B
2019-02-15 12:45 PM Balance of Trade $-14.73B $-13.08B $-13.8B $-15B
2019-03-15 12:20 PM Balance of Trade $-9.60B $-14.73B $-14.30B $-15B
2019-04-15 01:00 PM Balance of Trade $-10.9B $-9.60B $-10.30B $-10.8B
2019-05-15 12:10 PM Balance of Trade $-10.9B
2019-06-14 07:40 AM Balance of Trade
2019-07-13 12:30 PM Balance of Trade


India Trade Last Previous Highest Lowest Unit
Balance of Trade -10890.00 -9600.00 258.90 -20210.90 USD Million [+]
Current Account -16899.55 -19057.15 7360.00 -31857.18 USD Million [+]
Current Account to GDP -2.30 -1.90 2.30 -4.80 percent [+]
Imports 43440.00 36260.00 45281.90 117.40 USD Million [+]
Exports 32550.00 26670.00 32550.00 59.01 USD Million [+]
External Debt 521200.00 510400.00 529685.00 96392.00 USD Million [+]
Terms of Trade 73.30 71.10 100.00 57.90 Index Points [+]
Capital Flows -76.35 -21.31 766.97 -271.47 USD Million [+]
Foreign Direct Investment 1932.00 3675.00 8579.00 -1336.00 USD Million [+]
Remittances 12589.15 14468.42 14468.42 5999.10 USD Million [+]
Tourist Arrivals 1103380.00 1191147.00 1191147.00 129286.00 [+]
Gold Reserves 607.00 598.60 607.00 357.75 Tonnes [+]
Crude Oil Production 689.00 692.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.57 7.53 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-10890.00 -9600.00 258.90 -20210.90 1957 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 460.00 Feb/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.47 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -4483276.00 Jan/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19


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