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

India's trade deficit widened sharply to USD 17.39 billion in August of 2018 from USD 12.72 billion in the same month a year earlier. It compares with market expectations of a USD 17.25 billion gap. Imports surged 25.4 percent to USD 45.24 billion, with purchases rising mainly for gold (92.6 percent); petroleum, crude and products (51.6 percent); machinery (46.2 percent); coal, coke and briquettes (44.4 percent); and electronic goods (22.5 percent). Exports jumped 19.2 percent to USD 27.84 billion, boosted by sales of chemicals (39.9 percent); petroleum products (31.8 percent); gems and jewellery (24 percent); engineering goods (21.2 percent); and drugs and pharmaceuticals (18.2 percent). Considering April to August, the trade deficit widened to USD 80.35 billion from USD 67.27 billion in the same period of the previous fiscal year. Balance of Trade in India averaged -2457.85 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
2018-07-13 12:30 PM Balance of Trade $-16.6B $-14.62B $-14.50B $ -16.2B
2018-08-14 12:15 PM Balance of Trade $-18.0B $-16.6B $ -13.8B
2018-09-14 01:15 PM Balance of Trade $-17.39B $-18.0B $-17.25B $ -14.6B
2018-10-15 12:20 PM Balance of Trade $-17.39B $ -14.3B
2018-11-14 12:05 PM Balance of Trade $ -12.1B
2018-12-14 12:05 PM Balance of Trade $ -14.1B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -17390.00 -18020.00 258.90 -20210.90 USD Million [+]
Exports 27840.00 25770.00 30541.44 59.01 USD Million [+]
Imports 45240.00 43790.00 45281.90 117.40 USD Million [+]
Current Account -15807.13 -13047.43 7360.00 -31857.18 USD Million [+]
Current Account to GDP -1.90 -0.60 2.30 -4.80 percent [+]
External Debt 529673.00 529673.00 529673.00 96392.00 USD Million [+]
Terms of Trade 73.30 71.10 100.00 57.90 Index Points [+]
Capital Flows 17.43 -42.87 766.97 -271.47 USD Million [+]
Foreign Direct Investment 1981.00 1168.00 8579.00 -1336.00 USD Million [+]
Remittances 12638.86 12003.97 12638.86 5999.10 USD Million [+]
Tourist Arrivals 784814.00 806255.00 1176000.00 129286.00 [+]
Gold Reserves 560.30 558.10 560.30 357.75 Tonnes [+]
Crude Oil Production 724.00 725.00 813.00 526.00 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-17390.00 -18020.00 258.90 -20210.90 1957 - 2018 USD Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -3247700.00 Jul/18
Switzerland 1407.94 Aug/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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