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

India's trade gap rose to USD 16.6 billion in June of 2018 from USD 12.96 billion a year earlier. It is the highest trade deficit since May of 2013. Imports surged 21.3% year-on-year to USD 44.3 billion, reaching the highest value since January of 2013 as a 60.5% rise in oil prices led to a higher bill for petroleum, crude and products (56.6%). Imports also increased for machinery, electrical and non-electrical (9.1%); coal, coke and briquettes (27%); organic and inorganic chemicals (24.3%); and electronic goods (14.3%) while gold imports fell 2.8%. Exports rose 17.6% to USD 27.7 billion, also due to sales of petroleum products (52.5%); organic and inorganic chemicals (30.3%); drugs and pharmaceuticals (14.7%); engineering goods (14.2%) and gems and jewelry (2.7%). Balance of Trade in India averaged -2414.55 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
2018-05-15 12:10 PM Balance of Trade $-13.72B $-13.7B $ -10.1B
2018-06-15 07:40 AM Balance of Trade $-14.62B $-13.72B $-14.23B $ -14B
2018-07-13 12:30 PM Balance of Trade $-16.6B $-14.62B $-14.50B $ -16.2B
2018-08-14 12:05 PM Balance of Trade $-16.6B $ -13.8B
2018-09-15 12:35 PM Balance of Trade $ -14.6B
2018-10-15 12:20 PM Balance of Trade $ -14.3B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -16600.00 -14620.00 258.90 -20210.90 USD Million [+]
Exports 27700.00 28860.00 30541.44 59.01 USD Million [+]
Imports 44300.00 43480.00 45281.90 117.40 USD Million [+]
Current Account -13000.00 -13465.11 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 71.10 71.80 100.00 57.90 Index Points [+]
Capital Flows -42.87 33.39 766.97 -271.47 USD Million [+]
Foreign Direct Investment 3971.00 4859.00 8579.00 -1336.00 USD Million [+]
Remittances 12003.97 11623.76 12293.40 5999.10 USD Million [+]
Tourist Arrivals 606043.00 749477.00 1176000.00 129286.00 [+]
Gold Reserves 560.30 558.10 560.30 357.75 Tonnes [+]
Crude Oil Production 732.00 728.00 813.00 526.00 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-16600.00 -14620.00 258.90 -20210.90 1957 - 2018 USD Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16514.10 May/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia 1742.60 Jun/18
Italy 3377.54 May/18
Japan 721.41 Jun/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -3050045.00 Apr/18
Switzerland 1309.00 Jun/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


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