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

The trade deficit in India widened to USD 8.9 billion in February of 2017 from a USD 6.5 billion gap a year earlier and slightly higher than market expectations of a USD 8.8 billion shortfall. Exports jumped 17.5 percent year-on-year to USD 24.5 billion, the biggest gain since October of 2011. Sales of non-petroleum and non gems & jewelry rose 20.2 percent. Imports surged 21.8 percent to USD 33.4 billion, the biggest gain since November of 2014. Oil purchases were up 60 percent while non-oil ones rose 13.7 percent. Imports of gold jumped 147.6 percent to USD 3.5 billion. Balance of Trade in India averaged -2171.14 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)
2017-01-13 12:20 PM Dec $-10.4B $-13B $-9B
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
2017-04-18 12:30 PM Mar $-8.9B
2017-05-15 12:30 PM Apr
2017-06-15 12:30 PM May




India Trade Last Previous Highest Lowest Unit
Balance of Trade -8896.30 -9840.90 258.90 -20210.90 USD Million [+]
Exports 24490.27 22115.03 30541.44 59.01 USD Million [+]
Imports 33386.60 31955.90 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 484300.00 479658.00 485078.00 96392.00 USD Million [+]
Terms of Trade 57.90 60.20 100.00 57.90 Index Points [+]
Capital Flows -17.51 155.56 766.96 -271.46 USD Million [+]
Foreign Direct Investment 3353.00 3081.00 5670.00 -60.00 USD Million [+]
Remittances 9942.81 9686.59 12293.40 5999.10 USD Million [+]
Tourist Arrivals 983000.00 1037000.00 1037000.00 129286.00 [+]
Gold Reserves 557.77 557.77 557.77 357.75 Tonnes [+]
Crude Oil Production 736.00 746.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.48 7.75 8.09 7.22 [+]
Weapons Sales 33.00 53.00 53.00 1.00 USD Million [+]



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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-8896.30 -9840.90 258.90 -20210.90 1957 - 2017 USD Million Monthly
Current Prices, NSA



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Afghanistan -7159.00 Dec/15
Albania -23780.30 Feb/17
Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina -106.00 Jan/17
Armenia -115.20 Feb/17
Aruba -465.10 Sep/16
Australia 1302.00 Jan/17
Austria -639.00 Dec/16
Azerbaijan 981353.00 Sep/16
Bahamas -557.30 Dec/16
Bahrain 312.40 Dec/15
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Belgium 208.30 Jan/17
Belize -106.50 Jan/17
Benin -379.80 Dec/16
Bhutan -35828.70 Dec/16
Bolivia -265.44 Dec/16
Bosnia and Herzegovina -564058.59 Jan/17
Botswana -24.00 Dec/16
Brazil 4560.00 Feb/17
Brunei 369.10 Jan/17
Bulgaria -271.70 Jan/17
Burkina Faso -86.40 Mar/16
Burundi -80745.50 Nov/16
Cambodia -994.90 Nov/16
Cameroon -1189.42 Dec/14
Canada 806.90 Jan/17
Cape Verde -6193.00 Jan/17
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 236.10 Feb/17
China -91.50 Feb/17
Colombia -0.92 Jan/17
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -368.50 Feb/17
Croatia -3332.68 Jan/17
Cuba -9578.00 Dec/15
Cyprus -317903.00 Jan/17
Czech Republic 48458.00 Jan/17
Denmark 4999.40 Jan/17
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador -4135.00 Jan/17
Egypt -2379.00 Dec/16
El Salvador -412.80 Jan/17
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -430.33 Jan/17
Ethiopia -3565.10 Sep/16
Euro Area -593.40 Jan/17
European Union -16240.40 Jan/17
Fiji -204403.00 Sep/16
Finland -455.00 Jan/17
France -7940.00 Jan/17
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -411.80 Feb/17
Germany 14800.00 Jan/17
Ghana -452.40 Sep/16
Greece -2336.70 Jan/17
Guatemala -541.00 Jan/17
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -452.80 Dec/16
Hong Kong -12345.00 Jan/17
Hungary 203000.00 Jan/17
Iceland -10900.00 Feb/17
India -8896.30 Feb/17
Indonesia 1318.90 Feb/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 5745100.00 Jan/17
Israel -702.90 Feb/17
Italy -573.67 Jan/17
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 813.40 Feb/17
Jordan -709700.00 Jan/17
Kazakhstan 1289.20 Jan/17
Kenya -76470.00 Dec/16
Kosovo -174189.00 Feb/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -114.40 Dec/16
Laos -339.15 Jun/16
Latvia -175.40 Jan/17
Lebanon -1372.78 Jan/17
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -214.10 Jan/17
Luxembourg -0.37 Dec/16
Macau -5586600.00 Jan/17
Macedonia -119844.00 Jan/17
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 4711.86 Jan/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -366567.00 Jan/17
Mauritania -79.64 Mar/16
Mauritius -8644.00 Jan/17
Mexico -3294.00 Jan/17
Moldova -127.30 Jan/17
Monaco -165.20 Sep/16
Mongolia 183.00 Feb/17
Montenegro -70238.00 Jan/17
Morocco -16689.00 Dec/16
Mozambique -434.30 Sep/16
Myanmar -303.20 May/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 4582.00 Jan/17
New Caledonia -7307.00 Oct/16
New Zealand -18.29 Feb/17
Nicaragua -268.30 Dec/16
Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 23539.00 Feb/17
Oman 205.90 Nov/16
Pakistan -293929.00 Feb/17
Palestine -343.00 Jan/17
Panama -894143.61 Jan/17
Papua New Guinea 4593.00 Sep/16
Paraguay 100105.00 Feb/17
Peru 150.00 Jan/17
Philippines -2313784.93 Jan/17
Poland 225.00 Jan/17
Portugal -940.50 Jan/17
Puerto Rico 2830.80 Dec/16
Qatar 10981.00 Jan/17
Republic of the Congo 4092.35 Dec/10
Romania -602.20 Jan/17
Russia 11445.00 Jan/17
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 73133.00 Sep/16
Senegal -149.50 Jan/17
Serbia -319.10 Jan/17
Seychelles -39.60 Jan/17
Sierra Leone -52.89 Jun/16
Singapore 7752.90 Feb/17
Slovakia 152.00 Jan/17
Slovenia 45.30 Jan/17
Somalia -1473.48 Dec/15
South Africa -10811.59 Jan/17
South Korea 7220.00 Feb/17
South Sudan -104.70 Dec/15
Spain -3134000.00 Jan/17
Sri Lanka -910.00 Jan/17
Sudan -477522.00 Dec/16
Suriname 154.40 Dec/16
Swaziland -320.72 Jun/16
Sweden 1500.00 Jan/17
Switzerland 3105.00 Feb/17
Syria 9394.50 Dec/10
Taiwan 3360.00 Feb/17
Tajikistan -117.70 Jan/17
Tanzania -26.00 Nov/16
Thailand 1610.00 Feb/17
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia 1288.80 Feb/17
Turkey -4308.50 Jan/17
Turkmenistan 2181.97 Dec/15
Uganda -192.30 Jan/17
Ukraine -86.70 Jan/17
United Arab Emirates 328300.00 Dec/15
United Kingdom -1966.00 Jan/17
United States -48492.00 Jan/17
Uruguay -36256.00 Jan/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -2000.00 Feb/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16