India trade deficit widened to USD 17.13 billion in October of 2018 from USD 14.6 billion a year earlier and higher than market expectations of USD 16.9 billion. Exports went up 17.9% to USD 26.98 billion. Sales rose for petroleum products (49.4%); chemicals (34%); drugs and pharmaceuticals (12.8%); engineering goods (8.9%); and gems and jewelry (5.5%). Imports increased 17.6% to USD 44.1 billion, boosted by purchases of petroleum and crude (52.6%); electronic goods (31.9%); chemicals (26.6%); machinery, electrical and non-electrical (12.5%); and coal, coke and briquettes (12.4%). Gold purchases declined 42.9 percent. From April to October, the country's trade gap increased sharply to USD 111.46 billion from USD 91.28 billion a year earlier. Balance of Trade in India averaged -2493.72 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.

Balance of Trade in India is expected to be -14900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in India to stand at -14771.00 in 12 months time. In the long-term, the India Balance of Trade is projected to trend around -11100.00 USD Million in 2020, according to our econometric models.

India Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
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 10:35 AM Balance of Trade $-13.98B $-17.39B $-17.03B $ -17.3B
2018-11-15 12:20 PM Balance of Trade $-17.13B $-13.98B $-16.9B $ -12.1B
2018-12-14 12:05 PM Balance of Trade $-17.13B $-16.08B $ -14.1B
2019-01-15 12:45 PM Balance of Trade $ -14.9B
2019-02-15 12:10 PM Balance of Trade


India Trade Last Previous Highest Lowest Unit
Balance of Trade -17130.00 -13980.00 258.90 -20210.90 USD Million [+]
Current Account -19100.00 -15807.13 7360.00 -31857.18 USD Million [+]
Current Account to GDP -1.90 -0.60 2.30 -4.80 percent [+]
Imports 44110.00 41930.00 45281.90 117.40 USD Million [+]
Exports 26980.00 27950.00 30541.44 59.01 USD Million [+]
External Debt 514395.00 529673.00 529673.00 96392.00 USD Million [+]
Terms of Trade 73.30 71.10 100.00 57.90 Index Points [+]
Capital Flows -21.31 17.43 766.97 -271.47 USD Million [+]
Foreign Direct Investment 1898.00 1981.00 8579.00 -1336.00 USD Million [+]
Remittances 14468.42 12638.86 14468.42 5999.10 USD Million [+]
Tourist Arrivals 881763.00 719121.00 1176000.00 129286.00 [+]
Gold Reserves 573.10 560.30 573.10 357.75 Tonnes [+]
Crude Oil Production 701.00 697.00 813.00 526.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-17130.00 -13980.00 258.90 -20210.90 1957 - 2018 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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