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

India recorded a trade deficit of 14247.42 USD Million in September of 2014. The country's trade gap widened 132.7 percent over the same month of the previous year, reaching the highest deficit in sixteen months. Imports increased 26 percent year-on-year driven by a 449.7 percent surge in gold purchases and exports rose 2.73 percent. Balance of Trade in India averaged -1893.76 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.

   
 
 

India Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-14247.42 -10838.56 258.90 -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, October 31, 2014.

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-07-16 06:30 AM India
Balance of Trade
Jun 2014 $ -11.76B $ -11.23B $ -11.5B
2014-08-14 03:00 PM India
Balance of Trade
Jul 2014 $ -12.23B $ -11.76B $ -10.30B $ -10.3B
2014-09-15 12:45 PM India
Balance of Trade
Aug 2014 $ -10.84B $ -12.23B $-11.90B $ -11.9B
2014-10-14 01:45 PM India
Balance of Trade
Sep 2014 $ -14.25B $ -10.84B $ -11.2B $ -11.2B
2014-11-14 12:45 PM India
Balance of Trade
Oct 2014 $ -14.25B $ -13.4B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -14247.42 -10838.56 258.90 -20210.90 USD Million [+]
Exports 28903.28 26958.22 30541.44 59.01 USD Million [+]
Imports 43150.70 37796.82 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 390048.00 345819.00 390048.00 75858.00 USD Million [+]
Terms of Trade 62.00 63.00 100.00 62.00 Index Points [+]
Foreign Direct Investment 2390.00 4753.00 5670.00 -60.00 USD Million [+]
Remittances 9574.31 10010.16 10010.16 5999.10 USD Million [+]
Tourist Arrivals 572000.00 492000.00 800000.00 129286.00 [+]
Gold Reserves 557.75 557.75 557.75 357.75 Tonnes [+]
Crude Oil Production 778.00 761.00 813.00 526.00 BBL/D/1K [+]