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.

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India Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-9370.00 -6280.00 790.00 -20210.90 1957 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-02 06:30 AM Balance of Trade Prel May $-6.32B $-15.09B $-10.4B
2021-06-15 12:20 PM Balance of Trade Final May $-6.28B $-15.09B $-6.32B $-6.32B
2021-07-02 11:20 AM Balance of Trade Prel Jun $ -9.4B $-6.28B $ -7.3B
2021-07-15 12:40 PM Balance of Trade Final Jun $ -9.37B $-6.28B $ -9.4B $ -9.4B
2021-08-02 12:20 PM Balance of Trade Prel Jul $-9.37B $-8.2B
2021-08-13 12:20 PM Balance of Trade Final Jul $-9.37B
2021-09-15 12:20 PM Balance of Trade Aug
2021-10-15 12:20 PM Balance of Trade Sep $ -10.8B


News Stream
India Trade Balance Swings to Deficit in June
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).
2021-07-15
India Trade Gap Doubles in May
India trade deficit was revised slightly lower to USD 6.28 billion in May of 2021 from a preliminary of USD 6.32 billion. Still, the trade gap nearly doubled from USD 3.51 billion a year earlier, which was the lowest trade gap since 2009 as the coronavirus pandemic hit global demand. In May 2021, exports soared 69.4% to USD 32.3 billion, with sales of other cereals (847%), manufactured jute (256%), petroleum products (227%), handicrafts (193%), gems & jewellery (179%), leather (155%), and meat, dairy and poultry (147%) recording the biggest increases. Meanwhile, imports surged 73.6% to USD 38.55 billion. Oil imports rose to USD 9.45 billion from USD 3.49 billion in the same month of 2020 and gold imports increased to USD 679 million from USD 76.31 million.
2021-06-15
India Trade Gap Widens in April
India's trade deficit in goods widened to USD 15.1 billion in April 2021, from USD 6.76 billion in the same period last year, as both domestic and foreign demand rebounded from last year's record declines. In April 2020, the country was under a strict national lockdown to curb the spread of the coronavirus. Exports surged 195.72 percent to USD 30.63 billion, boosted by sales of gems & jewelry, jute manufacturing including floor covering, carpet, handicrafts excluding handmade carpet, and leather & leather products, among others. Imports jumped 167.05 percent to USD 45.72 billion, as purchases of both oil and non-oil products rose sharply.
2021-05-14
India Trade Deficit Widens in April
India's trade deficit in goods widened to USD 15.24 billion in April 2021, from USD 6.76 billion in the same period last year, a preliminary estimate showed. Exports rose to USD 30.21 billion for the month from USD 10.17 billion a year earlier, while imports rose to USD 45.45 billion from USD 17.09 billion, as both domestic and foreign demand rebounded from last year's record declines. In April 2020, India was under a strict national lockdown to curb the spread of the coronavirus.
2021-05-03

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.