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

• 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)

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 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 recorded a Current Account deficit of 12292 USD Million in the third quarter of 2025. This dataset provides - India Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the United States goods trade deficit with China from 2014 to 2024. In 2024, the value of U.S. imports from China exceeded the exports to China by around ***** billion U.S. dollars.

India's total Exports in 2024 were valued at US$434.44 Billion, according to the United Nations COMTRADE database on international trade. India's main export partners were: the United States, the United Arab Emirates and the Netherlands. The top three export commodities were: Mineral fuels, oils, distillation products; Electrical, electronic equipment and Machinery, nuclear reactors, boilers. Total Imports were valued at US$697.75 Billion. In 2024, India had a trade deficit of US$263.31 Billion.

In 2024, China's merchandise trade surplus amounted to around 992.2 billion U.S. dollars, significantly higher than in the previous year. The merchandise trade balance is the value of exported goods minus the value of imported goods. A positive value indicates a trade surplus, while a negative value indicates a trade deficit. Trade balance and partnersIn 2024, Chinese imports of goods amounted to approximately 2.59 trillion U.S. dollars, whereas total exports added up to about 3.58 trillion U.S. dollars. In contrast, China’s invisible trade balance, an indicator measuring services and government transfers between countries, closed with a deficit and ranged at about -92 billion U.S. dollars at the end of 2022. Being an economy heavily reliant on export, China ranked first among countries with the highest trade surplus, followed by Germany and Russia. The United States, with imports exceeding exports by approximately 1.15 trillion U.S. dollars that year, ranked first among leading import countries worldwide. In 2023, the value of the U.S. imports from China exceeded the exports to China by around 279.4 billion U.S. dollars. Another important trade partner for China is the European Union. In 2023, the EU imported around 514 billion euro-worth of goods from China, leading to a trade deficit of around 291 billion euros. Product categories with the highest trade deficit were mostly finished goods such as machinery and transport equipment, clothing, and other manufactures, whereas product categories with a more balanced trade sheet consisted of raw materials and agricultural products to a large extent.

Graph and download economic data for Current Account Balance: Total Trade of Goods for India (DISCONTINUED) (BPBLTD01INA637S) from 1960 to 2010 about current account, India, BOP, trade, and goods.

Exports in India decreased to 34.38 USD Billion in October from 36.38 USD Billion in September of 2025. This dataset provides the latest reported value for - India Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Time series data for the statistic Trade_Balance_India_with_Eritrea. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 0.68 Million as of 05/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.48 Million compared to the value the year prior.The Serie's long term average value is -0.396 Million. It's latest available value, on 05/31/2025, is 1.08 Million higher, compared to it's long term average value.The Serie's change from it's minimum value, on 08/31/2014, to it's latest available value, on 05/31/2025, is +41.19 Million.The Serie's change from it's maximum value, on 10/31/2011, to it's latest available value, on 05/31/2025, is -10.04 Million.

Time series data for the statistic Trade_Balance_India_with_Aruba. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 0.98 Million as of 05/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.21 Million compared to the value the year prior.The Serie's long term average value is 0.411 Million. It's latest available value, on 05/31/2025, is 0.569 Million higher, compared to it's long term average value.The Serie's change from it's minimum value, on 09/30/2016, to it's latest available value, on 05/31/2025, is +3.61 Million.The Serie's change from it's maximum value, on 08/31/2022, to it's latest available value, on 05/31/2025, is -1.23 Million.

The dataset contains year- and quarter-wise historically compiled data from the year 1990-91 to till date on the value (in both Indian rupees and us dollars) of credit and debit transaction performed in current accounts in the overall balance of payments compiled by Reserve Bank of India (RBI)

Notes:

1. The current account in India‚ Balance of Payments (BoP) statistics distinguishes between merchandise and non-merchandise transactions and, accordingly, comprises two major heads, Invisible (merchandise) account and an Invisible (non-merchandise) account. Invisibles, in turn, have three sub-categories, viz., services, transfers and income. Traditionally, a distinction is made between goods and services in the current account to take into account the differences in the nature of their production and international trade. While in the case of goods, international trade is conducted separately from production, in the case of services, the two are closely linked, as the production process of services involves a resident and non-resident

2. The term G.n.i.e in the dataset denotes to Government goods and services not included elsewhere (G.n.i.e)

China accounted for an average of ** percent in imports supporting select industries in India in financial year 2019. Electrical machinery and equipment accounted for the highest in that time period at ** percent. Plastics, on the other hand acquired ** percent of imports from China that year. India depended on China for a variety of products spread across multiple industries.

Trade relationship between India and China

The trade relationship between the two major global economies started a few decades ago. However, India has had an unfavorable trade balance with China as the trade deficit gap has widened over the years. The Indian food product imports has struggled and it is evident in its decreased value since 2008. In 2019, China was India’s leading import partner. For the same year, China was also the second leading export partner of India.

India’s export value

India exported a variety of products to a long list of countries in the world. In 2019, engineering goods valued at more than ************* Indian rupees was the leading commodity exported by India. The economic slowdown in 2019 and the current lockdown during the coronavirus (COVID-19) pandemic has affected industrial production across all sectors. Following this, the country's exports saw a drastic decline in various products.

Key information about India Total Exports

• India Total Exports recorded 34.4 USD bn in Oct 2025, compared with 36.4 USD bn in the previous month
• India Total Exports data is updated monthly, available from Apr 1990 to Oct 2025, with an averaged value of 14.9 USD bn
• The data reached an all-time high of 44.6 USD bn in Mar 2022 and a record low of 1.3 USD bn in Jun 1991

• In the latest reports, India Total Exports dropped 7.2 % YoY in Oct 2025
• Total Imports recorded 76.1 USD bn in Oct 2025, which registered an increase of 22.7 % year on year
• India Trade Balance recorded a deficit of 41.7 USD bn in Oct 2025

In 2024, China was the country with the highest trade surplus, with approximately ****** billion U.S. dollars. The leading trade nations Typically a trade surplus indicates a sign of economic success and a trade deficit indicates an economic weakness. However, if that were true, then the top four, China, Germany, Russia and Netherlands, would be considered the best performing countries in the world. However, this would mean that the United States, Great Britain, India and France would be among the weakest nations considering that they are four countries with the highest trade deficit. In fact, they are leading industrial nations. While China is known for producing and exporting products at a competitive price, it has undervalued its exchange rate in order to promote exports. However, China is now working to reduce its reliance on exports even though they continue to export large and increasing quantities of goods. In the case of Germany, the value of the euro may not be high enough, however growth concerning the value of exports has slowed over the past few years. In contrast, the value of the dollar in the United States may be too high, favoring imports as opposed to exports.

Time series data for the statistic Trade_Balance_India_with_Georgia. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 14.48 Million as of 05/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 10.65 Million compared to the value the year prior.The Serie's long term average value is 3.63 Million. It's latest available value, on 05/31/2025, is 10.85 Million higher, compared to it's long term average value.The Serie's change from it's minimum value, on 02/28/2022, to it's latest available value, on 05/31/2025, is +103.07 Million.The Serie's change from it's maximum value, on 01/31/2025, to it's latest available value, on 05/31/2025, is -18.70 Million.

Time series data for the statistic Trade_Balance_India_with_Finland. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -36.90 Million as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -21.13 Million compared to the value the year prior.The Serie's long term average value is -38.55 Million. It's latest available value, on 5/31/2025, is 1.65 Million higher, compared to it's long term average value.The Serie's change from it's minimum value, on 1/31/2018, to it's latest available value, on 5/31/2025, is +190.26 Million.The Serie's change from it's maximum value, on 5/31/1990, to it's latest available value, on 5/31/2025, is -51.89 Million.

Detailed annual statistics on the geographical breakdown of the current account including trade in goods and services, primary and secondary income and transactions with Europe and the US.