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. 2014-04-20

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
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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 766.00 2013-10-15 767.00 813.00 526.00 768.67 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.


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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.
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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.
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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.
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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.
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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.
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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.
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