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.

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India Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-14110.00 -12620.00 790.00 -20210.90 1957 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-15 12:20 PM Balance of Trade Final Jan $-14.54B $-15.44B $-14.70B $-14.75B
2021-03-02 09:00 AM Balance of Trade Prel Feb $-12.9B $-14.54B $-12.8B
2021-03-15 12:20 PM Balance of Trade Final Feb $-12.62B $-14.54B $-12.9B $-12.9B
2021-04-01 02:30 PM Balance of Trade Prel Mar $-14.11B $-12.62B $ -13.2B
2021-04-15 12:20 PM Balance of Trade Final Mar $-12.62B $-14.11B $-14.11B
2021-05-14 12:20 PM Balance of Trade Apr
2021-06-15 12:20 PM Balance of Trade May
2021-07-15 12:20 PM Balance of Trade Jun $ -12.1B


News Stream
India Trade Gap Rises in March
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.
2021-04-01
India Trade Deficit Revised Lower
India trade gap was revised slightly lower to USD 12.62 billion in February of 2021 from a preliminary of USD 12.9 billion in February of 2021. Still, it remains higher than USD 10.16 billion a year earlier. Exports increased 0.7% to USD 27.93 billion, better than initial estimates of a 0.3 percent drop. Sales went up the most for other cereals (546.5%); oil meals (245.45%); iron ore (167.79%); jute (45.53%); rice (30.78%); and meat, dairy & poultry products (26.43%). In contrast, shipments fell for oil seeds (-25.19%); leather (-21.62%); petroleum products (-20.87%); cashew (-18.62%); and gems & jewellery (-11.19%). Imports jumped 7 percent to USD 40.54 billion, the same as in the preliminary release.
2021-03-15
India Trade Gap Rises in February
India trade gap widened to USD 12.9 billion in February of 2021 from USD 10.2 billion a year earlier, preliminary figures showed. Exports edged down 0.3 percent to USD 27.67 billion while imports soared 7 percent to USD 40.55 billion. Non-oil imports went up 16.4 percent while oil imports decreased 16.6 percent.
2021-03-02
India Trade Deficit Revised Slightly Lower
India's trade deficit in goods narrowed to USD 14.54 billion in January 2021, from USD 15.30 billion in the same month last year and compared with preliminary estimates of a USD 14.75 billion shortfall. Exports were up 6.16 percent to USD 27.45 billion, boosted by sales of other cereals (343.57 percent), oil meals (257.50 percent), iron ore (108.84 percent), cereal preparations & miscellaneous processed items (44.88 percent), and rice (26.33 percent). Exports of petroleum products, however, slumped 32.06 percent. Meanwhile, imports increased 2.03 percent to USD 41.99 billion due to purchases of gold (154.70 percent). On the other hand, imports were down for oil (27.72 percent), transport equipment (-25.26 percent), and fertilizers, crude & manufactured (-11.57 percent). Considering April-January of 2020-21 fiscal year, the trade gap narrowed sharply to USD 72.0 billion from USD 141.2 billion in the same period of the previous year.
2021-02-15

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.