India Balance of Trade 1957-2014 | Data | Chart | Calendar | Forecast

India recorded a trade deficit of 16860 USD Million in November of 2014, the highest trade gap in eighteen months. Imports rose 26.79 percent year-on-year while exports increased 7.27 percent. Balance of Trade in India averaged -1931.78 USD Million from 1957 until 2014, 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.

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India Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-16860.00 -13350.00 258.90 -20210.90 1957 - 2014 USD Million Monthly
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 - India Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - India Balance of Trade - was last refreshed on Friday, December 19, 2014.

Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-14 01:45 PM
Balance of Trade  Sep
$ -14.25B $ -10.84B $ -11.2B $ -11.2B
2014-11-17 09:00 AM
Balance of Trade  Oct
$ -13.35B $ -14.25B $ -12.9B
2014-12-15 12:30 PM
Balance of Trade  Nov
$ -16.86B $ -13.35B $ -13.3B
2015-01-15 12:30 PM
Balance of Trade  Dec
$ -16.86B -14457.18
2015-02-16 12:30 PM
Balance of Trade  Jan
-14887.54
2015-03-16 12:30 PM
Balance of Trade  Feb
-14549.83


India Trade Last Previous Highest Lowest Unit
Balance of Trade -16860.00 -13350.00 258.90 -20210.90 USD Million [+]
Exports 25960.00 26100.00 30541.44 59.01 USD Million [+]
Imports 42820.00 39400.00 45281.90 117.40 USD Million [+]
Current Account -7.80 -1.20 7.36 -31.86 USD Billion [+]
Current Account to GDP -1.70 -4.70 1.50 -4.70 percent [+]
External Debt 440614.00 390048.00 440614.00 75858.00 USD Million [+]
Terms of Trade 60.20 61.90 100.00 60.20 Index Points [+]
Foreign Direct Investment 2801.00 2897.00 5670.00 -60.00 USD Million [+]
Remittances 11673.51 8812.42 11673.51 5999.10 USD Million [+]
Tourist Arrivals 750000.00 656000.00 800000.00 129286.00 [+]
Gold Reserves 557.75 557.75 557.75 357.75 Tonnes [+]
Crude Oil Production 728.00 757.00 813.00 526.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1323.00 Oct/14 -2235.00 2226.00 -3892.00 AUD Million [+]
Brazil -2350.52 Nov/14 -1177.00 5659.37 -4058.14 USD Million [+]
Canada 100.00 Oct/14 310.00 8524.80 -2902.90 CAD Million [+]
China 544.74 Nov/14 454.05 544.74 -319.71 USD Hundred Million [+]
Euro Area 24000.00 Oct/14 18100.00 24000.00 -16638.00 EUR Million [+]
France -4608.00 Oct/14 -4715.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Oct/14 22100.00 23400.00 -535.91 EUR Million [+]
India -16860.00 Nov/14 -13350.00 258.90 -20210.90 USD Million [+]
Indonesia 20.00 Oct/14 -270.30 4641.92 -2329.13 USD Million [+]
Italy 5397.00 Oct/14 2020.00 6923.00 -6389.30 EUR Million [+]
Japan -891.85 Nov/14 -709.99 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 5195.00 Oct/14 4707.00 5195.00 -907.60 EUR Million [+]
Russia 13595.00 Oct/14 12953.00 20356.00 -185.00 USD Million [+]
South Korea 5606.00 Nov/14 7380.00 7380.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.00 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -6251.72 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2024.00 Oct/14 -2822.00 2946.00 -5397.00 GBP Million [+]
United States -43400.00 Oct/14 -43600.00 1946.00 -67823.00 USD Million [+]