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

India's trade deficit widened slightly to USD 13.72 billion in April of 2018 from USD 13.25 billion a year earlier, below market expectations of a USD 15 billion gap. Exports increased 5.17% year-on-year to USD 25.91 billion, rebounding from a 0.7% drop in March. Sales went up for organic and inorganic chemicals (38.5%); plastic and linoleum (30%); engineering goods (17.6%); cotton yarn, handloom products (15.7%); drugs and pharmaceuticals (13.6%) but fell for petroleum products (-4.5%) and gems and jewelry (-17%). Imports rose 4.6% to USD 39.63 billion, lower than a 7.2% gain in March. Purchases went up for petroleum, crude and products (41.5%); transport equipment (33.2%); coal, coke and briquettes (20.4%); organic and inorganic chemicals (18.4%) and machinery, electrical and non-electrical (9.1%) but fell for gold (-33%). Balance of Trade in India averaged -2378.69 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
2018-03-15 10:45 AM Balance of Trade $-12B $-16.3B $-14.3B $ -15.3B
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 01:00 PM Balance of Trade $-13.72B $ -10.4B
2018-07-14 12:05 PM Balance of Trade $ -16.2B
2018-08-14 12:05 PM Balance of Trade $ -13.8B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -13720.00 -13690.00 258.90 -20210.90 USD Million [+]
Exports 25910.00 29110.00 30541.44 59.01 USD Million [+]
Imports 39630.00 42800.00 45281.90 117.40 USD Million [+]
Current Account -13465.11 -7214.57 7360.00 -31857.18 USD Million [+]
Current Account to GDP -0.70 -1.10 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 33.39 -31.29 766.97 -271.47 USD Million [+]
Foreign Direct Investment 4007.00 1921.00 8579.00 -1336.00 USD Million [+]
Remittances 11623.76 11373.60 12293.40 5999.10 USD Million [+]
Tourist Arrivals 749477.00 1026000.00 1176000.00 129286.00 [+]
Gold Reserves 558.10 557.79 558.10 357.75 Tonnes [+]
Crude Oil Production 716.00 720.00 813.00 526.00 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-13720.00 -13690.00 258.90 -20210.90 1957 - 2018 USD Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1527.00 Mar/18
Brazil 6140.00 Apr/18
Canada -4139.60 Mar/18
China 287.80 Apr/18
Euro Area 26932.60 Mar/18
France -5258.00 Mar/18
Germany 25187.00 Mar/18
India -13720.00 Apr/18
Indonesia -1629.30 Apr/18
Italy 4531.06 Mar/18
Japan 625.98 Apr/18
Mexico -289.15 Apr/18
Netherlands 5280.00 Mar/18
Russia 15001.00 Mar/18
South Korea 6611.00 Apr/18
Spain -830631.00 Mar/18
Switzerland 2315.30 Mar/18
Turkey -5855.00 Mar/18
United Kingdom -3091.00 Mar/18
United States -48956.00 Mar/18


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