India Balance of Trade  1957-2017 | Data | Chart | Calendar | Forecast

The trade deficit in India increased to USD 10.4 billion in March of 2017 from a USD 4.4 billion gap a year earlier and market expectations of a USD 8.4 billion shortfall. Imports surged 45.3 percent to USD 39.7 billion. It is the highest value since November of 2014, boosted by a 101.4 percent rise in oil and a 329.2 percent jump in gold purchases. Exports jumped 27.6 percent year-on-year to USD 29.2 billion, reaching the highest value since March of 2014. Sales of non-petroleum and non gems and jewelry went up 25.5 percent. Balance of Trade in India averaged -2182.62 USD Million from 1957 until 2017, 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.

India Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-15 12:20 PM Jan $-9.84B $-10.4B $-7.64B $-9B
2017-03-15 01:15 PM Feb $-8.9B $-9.84B $-8.84B $-9B
2017-04-13 12:30 PM Mar $-10.44B $-8.9B $-8.4B $-8.9B
2017-05-15 12:30 PM Apr $-10.44B
2017-06-15 12:30 PM May
2017-07-17 12:30 PM Jun




India Trade Last Previous Highest Lowest Unit
Balance of Trade -10437.20 -8896.30 258.90 -20210.90 USD Million [+]
Exports 29232.05 24490.27 30541.44 59.01 USD Million [+]
Imports 39669.20 33386.60 45281.90 117.40 USD Million [+]
Current Account -7900.00 -3400.00 7360.00 -31857.20 USD Million [+]
Current Account to GDP -1.25 -1.31 2.28 -4.82 percent [+]
External Debt 456100.00 484300.00 485035.00 96392.00 USD Million [+]
Terms of Trade 57.90 60.20 100.00 57.90 Index Points [+]
Capital Flows -19.06 -17.51 766.96 -271.46 USD Million [+]
Foreign Direct Investment 874.00 3353.00 5670.00 -60.00 USD Million [+]
Remittances 9888.18 9942.81 12293.40 5999.10 USD Million [+]
Tourist Arrivals 905000.00 956000.00 1037000.00 129286.00 [+]
Gold Reserves 557.77 557.77 557.77 357.75 Tonnes [+]
Crude Oil Production 735.00 715.00 813.48 526.00 BBL/D/1K [+]
Terrorism Index 7.48 7.75 8.09 7.22 [+]
Weapons Sales 42.00 42.00 42.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



India Balance of Trade Notes

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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-10437.20 -8896.30 258.90 -20210.90 1957 - 2017 USD Million Monthly
Current Prices, NSA



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Czech Republic 38954.00 Feb/17
Denmark 4108.40 Feb/17
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 283225.00 Feb/17
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Finland -280.00 Feb/17
France -6568.00 Feb/17
Gabon 3711.95 Dec/13
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Germany 19881.00 Feb/17
Ghana 46.90 Dec/16
Greece -1977.80 Feb/17
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Guinea 32.97 Sep/16
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Hungary 281000.00 Feb/17
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India -10437.20 Mar/17
Indonesia 1234.00 Mar/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4735800.00 Feb/17
Israel -1036.10 Mar/17
Italy 1884.00 Feb/17
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 614.72 Mar/17
Jordan -709700.00 Jan/17
Kazakhstan 1577.20 Feb/17
Kenya -76470.00 Dec/16
Kosovo -233399.00 Mar/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -111.20 Feb/17
Laos -339.15 Jun/16
Latvia -151.80 Feb/17
Lebanon -1421.92 Feb/17
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -250.20 Feb/17
Luxembourg -0.63 Feb/17
Macau -5347600.00 Mar/17
Macedonia -142509.00 Feb/17
Madagascar 20810.00 Dec/16
Malawi -52012.50 Sep/16
Malaysia 8708.72 Feb/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -127663.00 Feb/17
Mauritania -79.64 Mar/16
Mauritius -5647.00 Feb/17
Mexico -183.00 Mar/17
Moldova -156.10 Feb/17
Monaco -119.40 Dec/16
Mongolia 189.40 Mar/17
Montenegro -165285.00 Mar/17
Morocco -11927.00 Feb/17
Mozambique 18.20 Dec/16
Myanmar -332.60 Jul/16
Namibia -10235.56 Dec/16
Nepal -65907.40 Sep/16
Netherlands 5585.00 Feb/17
New Caledonia -10978.00 Dec/16
New Zealand 332.00 Mar/17
Nicaragua -268.30 Dec/16
Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 22719.43 Mar/17
Oman 205.90 Nov/16
Pakistan -336061.00 Mar/17
Palestine -334.00 Feb/17
Panama -698306.16 Feb/17
Papua New Guinea 4593.00 Sep/16
Paraguay 118135.00 Mar/17
Peru 741.00 Feb/17
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Puerto Rico 2830.80 Dec/16
Qatar 12321.00 Feb/17
Republic of the Congo 4092.35 Dec/10
Romania -651.60 Feb/17
Russia 10171.00 Feb/17
Rwanda -116.57 Nov/16
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Saudi Arabia 88253.00 Dec/16
Senegal -149.50 Jan/17
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Singapore 6098.90 Mar/17
Slovakia 344.00 Feb/17
Slovenia 15.03 Feb/17
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South Africa 11435.19 Mar/17
South Korea 6550.00 Mar/17
South Sudan -104.70 Dec/15
Spain -2606000.00 Feb/17
Sri Lanka -773.00 Feb/17
Sudan -477522.00 Dec/16
Suriname 154.40 Dec/16
Swaziland 608.24 Sep/16
Sweden -800.00 Mar/17
Switzerland 3101.03 Mar/17
Syria 9394.50 Dec/10
Taiwan 3933.06 Mar/17
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Tanzania 150.30 Jan/17
Thailand 1616.92 Mar/17
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1368.30 Mar/17
Turkey -4492.00 Mar/17
Turkmenistan 2181.97 Dec/15
Uganda -181.00 Feb/17
Ukraine -336.20 Feb/17
United Arab Emirates 250900.00 Dec/16
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Vietnam -800.00 Apr/17
Yemen -2914.30 Dec/13
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Zimbabwe -197.50 Dec/16