India posted a trade deficit of USD 9.37 billion in June 2021, compared with a USD 0.79 billion surplus in the same period of the previous year, amid a rebound in both domestic and external demand as the economies re-open from the coronavirus-induced restrictions. Imports jumped 98.31 percent, mainly boosted by a 116.51 percent increase in purchases of oil. In addition, non-oil and non-gold imports were up 94.07 percent. Meanwhile, exports rose 48.34 percent, led by sales of other cereals (235.93 percent), petroleum products (115.37 percent), man-made yarn/fabs./made-ups etc.(81.72 percent), gems & jewelry (80.53 percent), and meat, dairy & poultry products (61.81 percent). source: Ministry of Commerce and Industry, India
Balance of Trade in India averaged -2852.12 USD Million from 1957 until 2021, reaching an all time high of 790 USD Million in June of 2020 and a record low of -20210.90 USD Million in October of 2012. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Balance of Trade in India is expected to be -10750.00 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 -9600.00 in 12 months time. In the long-term, the India Balance of Trade is projected to trend around -7200.00 USD Million in 2022 and -10600.00 USD Million in 2023, according to our econometric models.