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

India's trade deficit widened to USD 14.88 billion in December of 2017 from a USD 10.55 billion a year earlier, above market expectations of a USD 12.37 billion gap. Imports jumped 21.1% year-on-year to USD 41.91 billion, the highest value since November of 2014, as purchases rose for: petroleum, crude and products (34.9%); electronic goods (19.2%); pearls, precious and semi-precious stones (94%); gold (71.5%); and machinery, electrical and non-electrical (11.2%). Exports increased 12.4% to USD 27 billion, boosted by sales of engineering goods (25.3%); petroleum products (25.2%); gems and jewelry (2.4%); organic and inorganic chemicals (31.4%); and drugs and pharmaceuticals (7%). Balance of Trade in India averaged -2314.14 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
2017-11-14 12:05 PM Balance of Trade $-14.02B $-8.98B $-10.45B $-9.1B
2017-12-15 12:25 PM Balance of Trade $-13.83B $-14.02B $-13.75B $-11B
2018-01-15 12:45 PM Balance of Trade $-14.88B $-13.83B $-12.37B $-12.6B
2018-02-15 12:20 PM Balance of Trade $-14.88B $ -14.1B
2018-03-15 01:15 PM Balance of Trade $ -13.9B
2018-04-13 12:30 PM Balance of Trade $ -13.8B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -14880.19 -13829.20 258.90 -20210.90 USD Million [+]
Exports 27030.27 26195.76 30541.44 59.01 USD Million [+]
Imports 41910.50 40025.00 45281.90 117.40 USD Million [+]
Current Account -7200.00 -15000.00 7360.00 -31857.18 USD Million [+]
Current Account to GDP -0.70 -1.06 2.28 -4.80 percent [+]
External Debt 495700.00 485800.00 495700.00 96392.00 USD Million [+]
Terms of Trade 71.80 57.90 100.00 57.90 Index Points [+]
Capital Flows -34.56 8.42 766.97 -271.47 USD Million [+]
Foreign Direct Investment 1571.00 1108.00 8579.00 -60.00 USD Million [+]
Remittances 11373.60 10097.59 12293.40 5999.10 USD Million [+]
Tourist Arrivals 1005000.00 876000.00 1037000.00 129286.00 [+]
Gold Reserves 557.79 557.79 557.79 357.75 Tonnes [+]
Crude Oil Production 744.00 745.00 813.48 526.00 BBL/D/1K [+]
Terrorism Index 7.53 7.48 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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-14880.19 -13829.20 258.90 -20210.90 1957 - 2017 USD Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia -628.00 Nov/17
Brazil 4997.77 Dec/17
Canada -2540.40 Nov/17
China 546.85 Dec/17
Euro Area 26272.60 Nov/17
France -5692.00 Nov/17
Germany 23700.00 Nov/17
India -14880.19 Dec/17
Indonesia -270.00 Dec/17
Italy 4829.68 Nov/17
Japan 113.36 Nov/17
Mexico 399.21 Nov/17
Netherlands 5157.00 Oct/17
Russia 11515.00 Nov/17
South Korea 5783.00 Dec/17
Spain -2511365.00 Oct/17
Switzerland 2633.00 Nov/17
Turkey -6320.40 Nov/17
United Kingdom -2804.00 Nov/17
United States -50497.00 Nov/17


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