India recorded a trade deficit of USD 2 .720 billion in September of 2020, lower than initial estimates of a USD 2.9 billion gap and well below a USD 11.67 billion shortfall a year earlier. Exports jumped 6 percent from a year earlier to USD 27.58 billion, following six months of declines and reaching the highest reading since February, before the coronavirus pandemic. Imports went down 19.6 percent to USD 30.3 billion also the highest value since the pandemic started but well below USD 37.5 billion in February. Considering the April to September period, the trade gap narrowed sharply to USD 20 trillion from USD 83.25 trillion in the same period in 2019.
Balance of Trade in India averaged -2743.74 USD Million from 1957 until 2020, reaching an all time high of 790 USD Million in June of 2020 and a record low of -20210.90 USD Million in October of 2012. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Ministry of Commerce and Industry, India
Balance of Trade in India is expected to be -8200.00 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 -11750.00 in 12 months time. In the long-term, the India Balance of Trade is projected to trend around -7300.00 USD Million in 2021 and -7200.00 USD Million in 2022, according to our econometric models.