India's trade gap widened to USD 14.11 billion in March of 2021 from USD 9.76 billion a year earlier, preliminary figures showed. Exports soared 58.2 percent to a record high of USD 34 billion, with non-petroleum sales up 62.3 percent while imports jumped 52.9 percent to USD 48.12 billion, also a record. source: Ministry of Commerce and Industry, India
Balance of Trade in India averaged -2808.56 USD Million from 1957 until 2021, 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 April of 2021.
Balance of Trade in India is expected to be -12100.00 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 -12000.00 in 12 months time. In the long-term, the India Balance of Trade is projected to trend around -7200.00 USD Million in 2022 and -10600.00 USD Million in 2023, according to our econometric models.