India Balance of Trade

India recorded a trade deficit of 1108.11 INR Billion in May of 2013. Balance of Trade in India is reported by the Ministry of Commerce and Industry. Historically, from 1978 until 2013, India Balance of Trade averaged -117.47 INR Billion reaching an all time high of 13.91 INR Billion in April of 1991 and a record low of -1111.46 INR Billion 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 includes a chart with historical data for India Balance of Trade.

FROM TO COMPARE
India Balance of Trade

Trade Last Previous Highest Lowest Forecast Unit Trend
Current Account -32.63 Dec/2012 -22.30 7.36 -32.63 -33.43 Mar/2013 USD Billion Trend
Current Account to GDP -5.10 Dec/2012 -4.20 1.50 -5.10 -5.17 Dec/2013 Percent Trend
External Debt 345819.00 Dec/2012 305931.00 345819.00 75858.00 349059.46 Dec/2013 USD Million Trend
Terms of Trade 113.00 Jun/2011 91.00 113.00 77.00 139.40 Dec/2013 Index Points Trend
Balance of Trade -1108.11 May/2013 -967.20 13.91 -1111.46 -876.89 May/2013 INR Billion Trend
Exports 1348.08 May/2013 1313.95 1678.36 3.75 1482.91 May/2013 INR Billion Trend
Imports 2456.19 May/2013 2281.15 2475.94 4.98 2386.96 May/2013 INR Billion Trend


Calendar Country Event Reference Actual Previous Consensus Forecast
11/Mar/2013 07:00 AM
India Balance of Trade Feb 2013 INR -802B INR -1086.12B INR -900B
18/Apr/2013 07:00 AM
India Balance of Trade Mar 2013 INR -561B INR -802B INR -730B
13/May/2013 07:00 AM
India Balance of Trade Apr 2013 INR-967B INR -561B INR -700B
17/Jun/2013 07:00 AM
India Balance of Trade May 2013 INR -1108B INR-967B INR -1090B INR -876.9B



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.



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