India recorded a trade deficit of 32.15 USD Billion in September 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.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for India (XTNTVA01INM667N) from Jan 1990 to Jul 2025 about India, trade, Net, and goods.

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)

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.

Data and insights on India's Trade Balance - current and historical values on deficit and surplus, top countries, and its economic impact

In the financial year 2024, India recorded a trade surplus of over ** billion U.S. dollars with its largest trading partner, the United States. Key merchandise exports from India included jewelry, pharmaceuticals, and petrochemicals. However, this trade surplus was projected to decrease to ** billion dollars in the fiscal year 2025.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for India (XTNTVA01INQ667N) from Q1 1990 to Q2 2025 about India, trade, Net, and goods.

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.

India: Trade balance as percent of GDP: The latest value from 2024 is -2.31 percent, a decline from -2.1 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for India from 1960 to 2024 is -1.91 percent. The minimum value, -6.72 percent, was reached in 2012 while the maximum of 0.57 percent was recorded in 1976.

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.

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.

India's trade deficit with China was over *** billion U.S. dollars in 2022. The value of bilateral trade between the two countries was worth more than *** billion U.S. dollars for the same year. India-China bilateral trade has rapidly expanded, propelling China to become India's largest goods trading partner.

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

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

India IN: Trade Balance data was reported at -146.771 USD bn in 2017. This records a decrease from the previous number of -94.459 USD bn for 2016. India IN: Trade Balance data is updated yearly, averaging -2.841 USD bn from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 202.360 USD mn in 1972 and a record low of -193.208 USD bn in 2012. India IN: Trade Balance 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: Annual.

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.

IN: Trade Balance: Advanced Economies: Malta data was reported at 39.430 USD mn in Mar 2018. This records an increase from the previous number of 27.090 USD mn for Dec 2017. IN: Trade Balance: Advanced Economies: Malta data is updated quarterly, averaging 0.293 USD mn from Sep 1960 (Median) to Mar 2018, with 205 observations. The data reached an all-time high of 478.549 USD mn in Dec 2011 and a record low of -29.177 USD mn in Dec 2006. IN: Trade Balance: Advanced Economies: Malta 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.

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.

In financial year 2024, India's exports to the United States amounted to around 78 billion U.S. dollars, while imports accounted for over 42 billion dollars. However, the value of imports and exports between India and its largest trading partner, the United States, has decreased compared to the previous year.

Telecommunications, computer, and information services in India had the highest trade balance in 2022, accounting for over ** billion U.S. dollars. Other business services ranked second during the measured time period.