India's trade deficit narrowed to USD 15.28 billion in June 2019 from USD 16.60 billion in the same month last year and below market expectations of USD 15.64 billion. Merchandise exports plunged 9.71 percent to USD 25.01 billion, led by decreases in sales of petroleum products (-32.85 percent), gems, jewellery (-10.67 percent), rice (-28.05 percent), and engineering goods (-2.65 percent). Meanwhile, imports were down 9.06 percent to USD 40.29 billion as purchases fell for pearls, precious & semi-precious stones (-23.64 percent), petroleum products (-13.33 percent), machinery, electrical & non-electrical (-9.03 percent), coal, coke & briquettes (-3.44 percent), and electronic goods (-1.66 percent). Considering April-June 2019-20, the trade deficit widened to USD 45.96 billion from USD 44.94 billion in the same period of the previous fiscal year. Balance of Trade in India averaged -2615.96 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 -15500.00 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
2019-04-15 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 01:15 PM Balance of Trade $-15.36B $-15.3B $-15.84B $-13.4B
2019-07-15 02:00 PM Balance of Trade $-15.28B $-15.36B $-15.64B $-16.5B
2019-08-14 12:00 PM Balance of Trade $-15.28B $-17.4B
2019-09-14 12:00 PM Balance of Trade $-16.8B
2019-10-15 12:00 PM Balance of Trade $ -15.5B


India Trade Last Previous Highest Lowest Unit
Balance of Trade -15280.00 -15360.00 258.90 -20210.90 USD Million [+]
Current Account -4600.00 -17700.00 7360.00 -31857.18 USD Million [+]
Current Account to GDP -2.30 -1.90 2.30 -4.80 percent [+]
Imports 40290.00 45350.00 45350.00 117.40 USD Million [+]
Exports 25010.00 29990.00 32550.00 59.01 USD Million [+]
External Debt 543001.00 521344.00 543001.00 96392.00 USD Million [+]
Terms of Trade 73.30 71.10 100.00 57.90 Index Points [+]
Capital Flows -83.26 -76.35 766.97 -271.47 USD Million [+]
Foreign Direct Investment 2160.00 4381.00 8569.00 -1336.00 USD Million [+]
Remittances 12616.91 12589.15 14468.42 5999.10 USD Million [+]
Tourist Arrivals 610590.00 771353.00 1191147.00 129286.00 [+]
Gold Reserves 607.00 598.60 607.00 357.75 Tonnes [+]
Crude Oil Production 687.00 683.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.57 7.53 8.09 7.22 [+]
Weapons Sales 46.00 56.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-15280.00 -15360.00 258.90 -20210.90 1957 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan -967.11 May/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 3962.64 May/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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