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

India's trade deficit widened to USD 13.69 billion in March of 2018 from USD 10.65 billion a year earlier, higher than market expectations of a USD 11.55 billion gap. Imports rose 7.2% year-on-year to USD 42.8 billion, mainly due to purchases of: petroleum, crude and products (13.92%); electronic goods (2.53%); machinery, electrical and non-electrical (33.41%); pearls, precious and semi-precious stones (0.8%); and coal, coke and briquettes (44.7%). In contrast, gold imports slumped 40.3%. Exports declined 0.7% to USD 29.11 billion. Considering the FY 17/18 (April 2017-March 2018 period), the country's trade gap widened sharply to USD 156.83 billion from USD 108.5 billion in FY 16/17. Imports jumped 19.6 percent to USD 459.7 billion while exports rose at a slower 9.8 percent to USD 302.8 billion. Balance of Trade in India averaged -2363.26 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
2018-02-15 12:10 PM Balance of Trade $-16.3B $-14.88B $-12.97B $ -14.1B
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 12:20 PM Balance of Trade $-13.7B $ -10.1B
2018-06-15 01:00 PM Balance of Trade $ -10.4B
2018-07-14 12:05 PM Balance of Trade $ -16.2B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -13690.00 -11979.21 258.90 -20210.90 USD Million [+]
Exports 29110.00 25834.36 30541.44 59.01 USD Million [+]
Imports 42800.00 37813.57 45281.90 117.40 USD Million [+]
Current Account -13465.11 -7214.57 7360.00 -31857.18 USD Million [+]
Current Account to GDP -0.70 -1.06 2.28 -4.80 percent [+]
External Debt 513438.00 495800.00 513438.00 96392.00 USD Million [+]
Terms of Trade 71.80 57.90 100.00 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 1026000.00 1053000.00 1176000.00 129286.00 [+]
Gold Reserves 558.10 557.79 558.10 357.75 Tonnes [+]
Crude Oil Production 720.00 716.00 813.00 526.00 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-13690.00 -11979.21 258.90 -20210.90 1957 - 2018 USD Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 825.00 Feb/18
Brazil 6280.75 Mar/18
Canada -2686.00 Feb/18
China -49.83 Mar/18
Euro Area 18897.50 Feb/18
France -5186.00 Feb/18
Germany 18400.00 Feb/18
India -13690.00 Mar/18
Indonesia 1091.70 Mar/18
Italy 3104.28 Feb/18
Japan 797.35 Mar/18
Mexico 1062.00 Feb/18
Netherlands 4514.00 Feb/18
Russia 12192.00 Feb/18
South Korea 6865.00 Mar/18
Spain -2167000.00 Feb/18
Switzerland 3215.34 Feb/18
Turkey -5760.71 Feb/18
United Kingdom -965.00 Feb/18
United States -57591.00 Feb/18


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