India recorded a trade deficit of 41.68 USD Billion in October of 2025. This dataset 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.

In 2024, India's trade deficit of goods amounted to around *** billion U.S. dollars. Balance of trade The trade balance, also called commercial balance or balance of trade, is the difference between the value of a country’s exports and its imports over a certain timespan. If a country exports more goods or services than in imports, the trade balance is positive – a so-called trade surplus. If a country imports more than it exports, the trade balance is in the red – a trade deficit. Among other factors, trade is affected by production, currency exchange rates, and taxes, and of course by the availability of raw materials and prices of goods. India’s trade is in the red The reason for India’s persistent trade deficit is simple: The country imports far more than it exports. India is a very fast-growing economy with the majority of its GDP generated by services, while most of its workforce is employed in agriculture. India’s main imports include chemicals, crude oil, and machinery, while India exports textiles, software, petroleum products, and leather goods. One reason for the increasing trade deficit is the price of crude oil and its rapid economic growth, which means that export trade now needs to catch up to the demand.

Key information about India's Trade Balance

• India's Trade Balance recorded a deficit of 23.0 USD bn in Jan 2025, compared with a deficit of 21.9 USD bn in the previous month
• India's Trade Balance data is updated monthly, available from Jan 1957 to Jan 2025, with an averaged value of -420.4 USD mn
• The data reached an all-time high of 709.6 USD mn in Jun 2020 and a record low of -31.8 USD bn in Nov 2024

CEIC extends history for monthly Trade Balance. The Ministry of Commerce and Industry provides Trade Balance in USD. Trade Balance prior to April 1990 is sourced from the International Monetary Fund.

Further information about India's Trade Balance

• In the latest reports, India's Total Exports reached 36.4 USD bn in Jan 2025, an increase of 14.5% YoY (year-on-year)
• Total Imports recorded 59.4 USD bn in Jan 2025, an increase of 14.5% YoY (year-on-year)

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for India (XTNTVA01INQ664N) from Q1 1990 to Q3 2025 about India, trade, Net, and goods.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for India (XTNTVA01INM664N) from Jan 1990 to Aug 2025 about India, trade, Net, and goods.

In fiscal year 2025, the trade balance to gross domestic product ratio in India declined to *** percent. This was a decrease as compared to the previous fiscal year.

A comprehensive dataset showing India's merchandise and services exports, imports, and trade balance over time, including country-wise trade balances and interactive visualizations.

At the end of fiscal year 2025, the value of trade balance of India with Northeast Asian countries was a deficit of more than *** billion U.S. dollars. The balance of trade calculates the comparison of exports against imports, determining a surplus (when exports outweigh imports) or a deficit (when imports are more than exports) of trade. The trade balance is also a component of a country's GDP.

United States Trade Balance: India: sa data was reported at -1.908 USD bn in May 2018. This records an increase from the previous number of -2.040 USD bn for Apr 2018. United States Trade Balance: India: sa data is updated monthly, averaging -1.743 USD bn from Jan 2009 (Median) to May 2018, with 113 observations. The data reached an all-time high of -22.000 USD mn in Aug 2009 and a record low of -2.656 USD bn in Apr 2014. United States Trade Balance: India: sa data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA010: Trade Statistics: Census Basis: By Country: Trade Balance.

Monthly and long-term India Trade data: historical series and analyst forecasts curated by FocusEconomics.

The United States recorded a trade deficit of 59.55 USD Billion in August of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for India (XTNTVA01INQ664S) from Q1 1990 to Q2 2025 about India, trade, Net, and goods.

In fiscal year 2025, India's balance of trade with Latin American and Caribbean countries was a deficit of nearly **** billion U.S. dollars. The balance of trade calculates the comparison of exports against imports, determining a surplus (when exports outweigh imports) or a deficit (when imports are more than exports) of trade. The trade balance is also a component of a country's GDP.

Monthly dataset of the India Balance of Trade, including historical data, latest releases, and long-term trends from 1957-01-31 to 2025-10-31. Available for free download in CSV format.

IN: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data was reported at 0.040 USD mn in Dec 2017. This records an increase from the previous number of -0.090 USD mn for Sep 2017. IN: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data is updated quarterly, averaging 0.018 USD mn from Dec 1972 (Median) to Dec 2017, with 113 observations. The data reached an all-time high of 1.677 USD mn in Sep 2011 and a record low of -17.330 USD mn in Dec 2006. IN: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.DOT: Trade Balance: by Country: Quarterly.

Graph and download economic data for Current Account Balance: Total Trade of Goods for India (DISCONTINUED) (BPBLTD01INQ637S) from Q1 1960 to Q2 2011 about current account, India, BOP, trade, and goods.

India Trade Balance: USD: Oil data was reported at -14.110 USD bn in Mar 2025. This records a decrease from the previous number of -6.078 USD bn for Feb 2025. India Trade Balance: USD: Oil data is updated monthly, averaging -7.544 USD bn from Apr 2011 (Median) to Mar 2025, with 168 observations. The data reached an all-time high of -1.814 USD bn in May 2020 and a record low of -14.481 USD bn in Oct 2024. India Trade Balance: USD: Oil data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Foreign Trade – Table IN.JAA001: Trade in Merchandise.

Historical dataset showing India trade balance by year from 1960 to 2023.

The dataset contains All India Yearly Foreign Trade from Handbook of Statistics on Indian Economy.

India: Trade balance, billion USD: The latest value from 2024 is -101.55 billion U.S. dollars, a decline from -86.34 billion U.S. dollars in 2023. In comparison, the world average is 4.90 billion U.S. dollars, based on data from 109 countries. Historically, the average for India from 1975 to 2024 is -33.93 billion U.S. dollars. The minimum value, -136.06 billion U.S. dollars, was reached in 2012 while the maximum of 0.96 billion U.S. dollars was recorded in 1977.