India's trade deficit widened to USD 15.33 billion in April 2019 from USD 13.72 billion in the same month last year and above market expectations of USD 13.91 billion. Imports were up 4.48 percent to USD 41.40 billion, boosted by purchases of gold (53.99 percent), oil (9.26 percent) and electronic goods (3.98 percent). Meanwhile, exports rose at a softer 0.64 percent to USD 26.07 billion, as an increase in sales of petroleum products (30.75 percent) was partially offset by declines in exports of engineering goods (-7.07 percent) and gems and jewellery (-13.38 percent). Balance of Trade in India averaged -2581.99 USD Million from 1957 until 2019, 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 expected to be -16500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in India to stand at -17000.00 in 12 months time. In the long-term, the India Balance of Trade is projected to trend around -14100.00 USD Million in 2020, according to our econometric models.

India Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-15 12:45 PM Balance of Trade $-14.73B $-13.08B $-13.8B $-15B
2019-03-15 12:20 PM Balance of Trade $-9.60B $-14.73B $-14.30B $-15B
2019-04-15 01:00 PM Balance of Trade $-10.9B $-9.60B $-10.30B $-10.8B
2019-05-15 12:30 PM Balance of Trade $-15.3B $-10.9B $-13.91B $-12.2B
2019-06-14 12:00 PM Balance of Trade $-15.3B $-13.4B
2019-07-13 12:00 PM Balance of Trade $ -16.5B
2019-08-14 12:00 PM Balance of Trade $-17.4B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -15330.00 -10890.00 258.90 -20210.90 USD Million [+]
Current Account -16899.55 -19057.15 7360.00 -31857.18 USD Million [+]
Current Account to GDP -2.30 -1.90 2.30 -4.80 percent [+]
Imports 41400.00 43440.00 45281.90 117.40 USD Million [+]
Exports 26070.00 32550.00 32550.00 59.01 USD Million [+]
External Debt 521200.00 510400.00 529685.00 96392.00 USD Million [+]
Terms of Trade 73.30 71.10 100.00 57.90 Index Points [+]
Capital Flows -76.35 -21.31 766.97 -271.47 USD Million [+]
Foreign Direct Investment 3724.00 2370.00 8569.00 -1336.00 USD Million [+]
Remittances 12589.15 14468.42 14468.42 5999.10 USD Million [+]
Tourist Arrivals 1103380.00 1191147.00 1191147.00 129286.00 [+]
Gold Reserves 607.00 598.60 607.00 357.75 Tonnes [+]
Crude Oil Production 686.00 689.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.57 7.53 8.09 7.22 [+]
Weapons Sales 56.00 42.00 56.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



India Balance of Trade

India has been recording sustained trade deficits since 1980 mainly due to the strong imports growth, particularly of mineral fuels, oils and waxes and bituminous substances and pearls, precious and semi-precious stones and jewelry. In recent years, the biggest trade deficits were recorded with China, Switzerland, Saudi Arabia, Iraq and Indonesia. India records trade surpluses with the US, United Arab Emirates, Hong Kong, United Kingdom and Vietnam. 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-15330.00 -10890.00 258.90 -20210.90 1957 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.34 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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