India Balance of Trade

India recorded a trade deficit of 10507.30 USD Million in March of 2014. Balance of Trade in India is reported by the Ministry of Commerce and Industry, India. Balance of Trade in India averaged -1824.10 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. India had been recording sustained trade deficits due to low exports base and high imports of coal and oil for its energy needs. India is leading exporter of petroleum products, gems and jewelry, textiles, engineering goods, chemicals and services. Main trading partners are European Union countries, United States, China and UAE. This page provides - India Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-10507.30 -8130.20 258.90 -20210.90 -10138.98 | 2014/06 1957 - 2014 USD Million Monthly

TO

India Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-10 06:30 AM India
Balance of Trade
Dec 2013 USD -10.14B USD -9.23B USD -8.70B USD -8B
2014-02-11 07:15 AM India
Balance of Trade
Jan 2014 USD -9.91B USD -10.14B USD -12.63B USD -7B
2014-03-11 07:00 AM India
Balance of Trade
Feb 2014 USD -8.13B USD -9.91B USD -11.05B USD -4.6B
2014-04-11 08:40 AM India
Balance of Trade
Mar 2014 USD -10.5B USD -8.13B USD -5.9B USD -9.6B
2014-05-12 08:00 AM India
Balance of Trade
Apr 2014 USD -10.5B USD -11.1B
[+]

Trade Last Previous Highest Lowest Forecast Unit
Current Account -4.20 2013-12-31 -5.15 7.36 -31.86 7.82 2014-06-30 USD Billion [+]
Current Account to GDP -4.60 2012-12-31 -4.20 1.50 -4.60 -5.75 2014-06-30 Percent [+]
Crude Oil Production 784.00 2013-12-15 782.00 813.00 526.00 768.67 2013-11-30 Thousands Barrels per Day [+]
External Debt 390048.00 2013-12-31 345819.00 390048.00 75858.00 411502.68 2014-06-30 USD Million [+]
Foreign Direct Investment -83.00 2014-02-15 436.00 5670.00 -83.00 1660.19 2014-06-30 USD Million [+]
Remittances 10010.16 2013-11-15 9194.86 10010.16 5999.10 10897.74 2014-06-30 USD Million [+]
Terms of Trade 62.00 2013-06-30 63.00 100.00 62.00 45.68 2014-06-30 Index Points [+]
Tourist Arrivals 669000.00 2014-03-15 738000.00 800000.00 129286.00 584668.13 2014-06-30 [+]
Balance of Trade -10507.30 2014-03-15 -8130.20 258.90 -20210.90 -10138.98 2014-06-30 USD Million [+]
Exports 29578.43 2014-03-15 25688.94 30541.44 59.01 29254.58 2014-06-30 USD Million [+]
Imports 40085.80 2014-03-15 33819.10 45281.90 117.40 39326.93 2014-06-30 USD Million [+]
[+]


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


RELATED NEWS

India Consumer Inflation Edges Up in March  
Indian annual consumer prices accelerated in March for the first time in four months to 8.31 percent, up from a revised 8.03 percent in February, driven by higher food prices.
India Wholesale Inflation Up to 3-Month High  
In March of 2014, India wholesale prices accelerated to an annual 5.7 percent on higher food, fuel and manufacturing cost, breaking a three-month easing trend.
India Leaves Rates on Hold  
In its April 1st, 2014 meeting, Reserve Bank of India decided to leave the policy repo rate unchanged at 8 percent and decided to officially start using consumer price inflation to determine its monetary policy.
India Wholesale Inflation Slows for 3rd Straight Month  
In February of 2014, Indian annual wholesale price index decelerated to 4.68 percent, reaching the lowest rate in nine months, as food and fuel prices moderated. A year ago, the inflation was recorded at 7.28 percent.
India Consumer Inflation Edges Down in February  
Indian annual inflation rate slowed to a 25-month low of 8.1 percent in February of 2014. Provisional figures showed prices of vegetables eased the most on the year.
Indian GDP Grows Below Expectations  
In the fourth quarter of 2013, Indian economic growth slowed to 4.7 percent over a year earlier, down from a 4.8 percent expansion in the previous period, hurt by a contraction in manufacturing and mining output.
India Wholesale Inflation Slows to 8-Month Low  
In January of 2014, Indian annual WPI eased for the second straight month to 5.05 percent, the lowest rate since May of 2013, as food prices slowed and mineral cost fell.
India Consumer Inflation Slows to 24-Month Low  
In January of 2014, Indian consumer price inflation decelerated to 8.79 percent, the lowest annual rate since January of 2012, due to lower food prices.
Reserve Bank of India Raises Rates  
In its January 2014 meeting, Reserve Bank of India decided to raise the policy repo rate by 25 bps to 8 percent to handle currency pressure and curb persistently high inflation.
Indian WPI Slows to 5-Month Low in December  
In December of 2013, Indian headline inflation rate slowed to 6.16 percent, the lowest rate in five months as vegetable prices, mainly onions, slowed due to a new harvest. On a monthly basis, prices fell 1.27 percent.
MORE RELATED NEWS

LATEST NEWS

US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News