India Balance of Trade  1957-2016 | Data | Chart | Calendar | Forecast

India recorded a USD 5.07 billion trade deficit in March of 2016, compared to a USD 11.39 billion gap a year earlier. It is the lowest deficit since March of 2011. Exports fell 5.47 percent year-on-year to USD 22.7 billion, the 16th straight month of decline as non-petroleum exports decreased 3.49 percent. Imports dropped 21.56 percent year-on-year to USD 27.78 billion. Oil purchases slumped 35.3 percent and non-oil imports shrank 17.98 percent. In the 2015-2016 fiscal year, trade deficit narrowed to USD 118.5 billion from USD 137.7 billion in the previous period, as exports decreased 15.8 percent and imports fell 15.28 percent. Balance of Trade in India averaged -2105.38 USD Million from 1957 until 2016, 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 reported by the Ministry of Commerce and Industry, India.

India Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-5070.00 -7638.93 258.90 -20210.90 1957 - 2016 USD Million Monthly
Current Prices, NSA
India has been recording sustained trade deficits since 1980 mainly due to the high growth of imports, particularly of crude oil, gold and silver. In recent years, the biggest trade deficits were recorded with China, Saudi Arab, Iraq, Switzerland and Kuwait. India records trade surpluses with US, Singapore, Germany, Netherlands and United Kingdom. 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-15 01:30 PM Jan $-7.64B $-11.66B $-11.1B
2016-03-15 12:25 PM Feb $-6.54B $-7.64B $ -6.75B $ -9.1B
2016-04-18 01:30 PM Mar $-5.07B $-6.54B $ -8.1B
2016-05-15 12:30 PM Apr $-5.07B $ -6.5B
2016-06-16 12:30 PM May $ -7.2B
2016-07-15 12:30 PM Jun $ -7.3B

India Trade Last Previous Highest Lowest Unit
Balance of Trade -5070.00 -7638.93 258.90 -20210.90 USD Million [+]
Exports 22718.69 21080.00 30541.44 59.01 USD Million [+]
Imports 27789.56 27280.42 45281.90 117.40 USD Million [+]
Current Account -7100.00 -6200.00 7360.00 -31857.20 USD Million [+]
Current Account to GDP -1.40 -1.70 1.50 -4.70 percent [+]
External Debt 480180.00 483151.00 483151.00 96392.00 USD Million [+]
Terms of Trade 57.90 60.20 100.00 57.90 Index Points [+]
Capital Flows 17.92 4.18 766.96 -271.46 USD Million [+]
Foreign Direct Investment 2473.00 4413.00 5670.00 -60.00 USD Million [+]
Remittances 8468.59 10827.88 12293.40 5999.10 USD Million [+]
Tourist Arrivals 847000.00 844000.00 913000.00 129286.00 [+]
Gold Reserves 557.74 557.74 557.74 357.75 Tonnes [+]
Crude Oil Production 758.00 757.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.75 7.70 8.09 7.22 [+]




Last
Afghanistan -7159.00 Dec/15
Albania -27150.00 Mar/16
Algeria -1270.00 Sep/15
Angola 3771.96 Sep/15
Argentina -266.00 Mar/16
Armenia -82.90 Mar/16
Aruba -491.66 Sep/15
Australia -3410.00 Feb/16
Austria 582.90 Jan/16
Azerbaijan 509849.00 Dec/15
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -48.12 Feb/16
Barbados -254822.00 Dec/15
Belarus -248.50 Feb/16
Belgium 1025.00 Feb/16
Belize -138.70 Feb/16
Benin -311.87 Dec/15
Bhutan -26021.60 Dec/15
Bolivia -303.50 Nov/15
Bosnia and Herzegovina -427.38 Mar/16
Botswana 549.30 Feb/16
Brazil 4860.00 Apr/16
Brunei 264.10 Feb/16
Bulgaria -118.70 Feb/16
Burkina Faso -49.00 Sep/14
Burundi -61461.20 Nov/15
Cambodia -746.40 Jan/16
Cameroon -1054.40 Dec/13
Canada -1908.00 Feb/16
Cape Verde -4881.20 Feb/16
Cayman Islands -791.40 Dec/14
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 609.79 Mar/16
China 298.60 Mar/16
Colombia -1.17 Feb/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -383.40 Mar/16
Croatia 3996.23 Feb/16
Cuba -7926.60 Dec/14
Cyprus -240094.00 Feb/16
Czech Republic 42159.00 Feb/16
Denmark 2158.20 Feb/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -33147.37 Feb/16
Ecuador -82072.00 Feb/16
Egypt -3019.00 Feb/16
El Salvador -322.60 Mar/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -139.73 Feb/16
Ethiopia -3441.30 Sep/15
Euro Area 19048.40 Feb/16
European Union 3028.60 Feb/16
Fiji -185801.00 Nov/15
Finland -100.00 Feb/16
France -5177.00 Feb/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -403.86 Mar/16
Germany 20300.00 Feb/16
Ghana -1226.00 Sep/15
Greece -1651.92 Feb/16
Guatemala -408.80 Jan/16
Guinea -103.83 Jun/13
Guinea Bissau -32.30 Dec/14
Guyana -77.30 Sep/15
Haiti -160.26 Jul/15
Honduras -465.70 Dec/15
Hong Kong -47028.00 Mar/16
Hungary 304200.00 Feb/16
Iceland -8900.00 Mar/16
India -5070.00 Mar/16
Indonesia 490.00 Mar/16
Iran -2405.00 Dec/14
Iraq 38780.80 Dec/14
Ireland 3771700.00 Feb/16
Israel -1177.40 Mar/16
Italy 3856.00 Feb/16
Ivory Coast 890.60 Dec/14
Jamaica -779000.00 Sep/15
Japan 754.99 Mar/16
Jordan -773525.00 Jan/16
Kazakhstan 1187.60 Feb/16
Kenya -58459.44 Jan/16
Kosovo -209942.00 Mar/16
Kuwait 1049.00 Dec/15
Kyrgyzstan -167.59 Dec/15
Laos -488.34 Sep/15
Latvia -139.50 Feb/16
Lebanon -1148.62 Feb/16
Lesotho -2961.47 Dec/15
Liberia -123.50 Oct/15
Libya -17675.60 Dec/14
Liechtenstein 355938.00 Dec/15
Lithuania -96.60 Feb/16
Luxembourg -0.42 Feb/16
Macau -4479038.32 Mar/16
Macedonia -145370.00 Feb/16
Madagascar -30435.00 Dec/15
Malawi -31524.80 Sep/15
Malaysia 7351.55 Feb/16
Maldives -127.20 Jan/16
Mali -100.60 Mar/15
Malta -557987.00 Feb/16
Mauritania -24.89 Dec/15
Mauritius -4607.00 Feb/16
Mexico 155.00 Mar/16
Moldova -148.50 Feb/16
Monaco -22.60 Dec/15
Mongolia 98.70 Mar/16
Montenegro -138515.00 Mar/16
Morocco -16349.00 Mar/16
Mozambique -1274.70 Sep/15
Myanmar -72.20 Sep/15
Namibia -8322.38 Mar/16
Nepal -58541.90 Dec/15
Netherlands 3952.00 Feb/16
New Caledonia -9528.00 Feb/16
New Zealand 117.00 Mar/16
Nicaragua -225.70 Feb/16
Niger -441985.00 Sep/15
Nigeria 26385.50 Dec/15
North Korea -476.67 Dec/15
Norway 9068.13 Mar/16
Oman 329.00 Sep/15
Pakistan -193845.00 Mar/16
Palestine -309.20 Jan/16
Panama -744011.50 Feb/16
Papua New Guinea 4191.00 Sep/15
Paraguay 140697.00 Mar/16
Peru -188.00 Feb/16
Philippines -1104000.00 Feb/16
Poland 341.00 Feb/16
Portugal -713.00 Feb/16
Puerto Rico 2054.10 Dec/15
Qatar 7409.00 Feb/16
Republic of the Congo 4092.35 Dec/10
Romania -611.20 Feb/16
Russia 7353.00 Feb/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -36.44 Dec/15
Saudi Arabia 44465.00 Sep/15
Senegal -110.27 Feb/16
Serbia -406.80 Mar/16
Seychelles -37.18 Feb/16
Sierra Leone -89.75 Mar/15
Singapore 3656.20 Mar/16
Slovakia 459.60 Feb/16
Slovenia 120.06 Feb/16
Somalia -1281.56 Dec/14
South Africa 2915.79 Mar/16
South Korea 8800.00 Apr/16
South Sudan -4987.00 Dec/13
Spain -1761000.00 Feb/16
Sri Lanka -695.00 Jan/16
Sudan -921327.00 Dec/15
Suriname -103.40 Dec/15
Swaziland 517.46 Jun/15
Sweden 3900.00 Mar/16
Switzerland 2163.00 Mar/16
Syria 9394.50 Dec/10
Taiwan 4502.06 Mar/16
Tajikistan -135.50 Feb/16
Tanzania -30.40 Jan/16
Thailand 2966.00 Mar/16
Togo -68.29 Dec/14
Trinidad and Tobago 339.40 Sep/15
Tunisia -1100.60 Mar/16
Turkey -4950.00 Mar/16
Turkmenistan 2431.94 Dec/14
Uganda -120.80 Feb/16
Ukraine -436.00 Feb/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4840.00 Feb/16
United States -47060.00 Feb/16
Uruguay -123578.00 Mar/16
Uzbekistan 455.00 Dec/15
Venezuela -1093.00 Dec/15
Vietnam 100.00 Apr/16
Yemen -2914.30 Dec/13
Zambia -800.90 Mar/16
Zimbabwe -290.99 Dec/14