Key information about India Total Trade of Goods and Services: % of Nominal GDP

• India Total Trade of Goods & Services: % of Nominal GDP recorded 44.984 % in Dec 2024, compared with 45.200 % in the previous quarter.
• India Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Jun 1996 to Dec 2024, with an averaged value of 42.183 %.
• The data reached an all-time high of 63.571 % in Sep 2012 and a record low of 20.108 % in Dec 1996.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. Ministry of Statistics and Programme Implementation provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency, both based on SNA 2008. Total Trade of Goods and Services as % of Nominal GDP prior to Q2 2011 is calculated from Nominal GDP and Total Trade of Goods and Services both based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices. Total Trade of Goods and Services as % of Nominal GDP prior to Q2 2004 is calculated from Nominal GDP and Total Trade of Goods and Services both based on SNA 1993, at 1999-2000 prices.

Telecommunications, computer, and information services in India had the highest trade balance in 2022, accounting for over 82 billion U.S. dollars. Other business services ranked second during the measured time period.

Net trade in goods and services (BoP, current US$) in India was reported at --86329729820 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Net trade in goods and services (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

In financial year 2023, the total value of service exports from India was about 325 billion U.S. dollars, and is projected to grow to 339 billion dollars in the fiscal year 2024. In addition, the import of services in the fiscal year 2023 was 182 billion dollars, and it is expected to decrease to about 177 billion dollars in the next fiscal year.

India IN: Contribution to World Trade Volume: Goods and Services: expressed in USD data was reported at 0.151 % in 2025. This records a decrease from the previous number of 0.162 % for 2024. India IN: Contribution to World Trade Volume: Goods and Services: expressed in USD data is updated yearly, averaging 0.151 % from Dec 1997 (Median) to 2025, with 29 observations. The data reached an all-time high of 0.570 % in 2021 and a record low of -0.324 % in 2020. India IN: Contribution to World Trade Volume: Goods and Services: expressed in USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Trade Statistics: Share in World Trade and Performance Indicators: Forecast: Non OECD Member: Annual. CTGSVD-Contribution to world trade growth, goods and services expressed in USD OECD calculation, see OECD Economic Outlook database documentation

India recorded a trade deficit of 18.78 USD Billion in June 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 External Trade: Volume of Imports of Goods and Services for India (INDTMRPCPPPT) from 2016 to 2024 about India, imports, trade, goods, services, and rate.

India IN: Share in World Exports: Value Exports: Good and Services: expressed in USD data was reported at 2.600 Ratio in 2025. This records an increase from the previous number of 2.578 Ratio for 2024. India IN: Share in World Exports: Value Exports: Good and Services: expressed in USD data is updated yearly, averaging 1.895 Ratio from Dec 1996 (Median) to 2025, with 30 observations. The data reached an all-time high of 2.600 Ratio in 2025 and a record low of 0.602 Ratio in 1996. India IN: Share in World Exports: Value Exports: Good and Services: expressed in USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Trade Statistics: Share in World Trade and Performance Indicators: Forecast: Non OECD Member: Annual. XSHA - Share of value exports of goods and services in world exports in USD OECD calculation, see OECD Economic Outlook database documentation

In 2023, 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.

India trade to gdp ratio for 2023 was 45.92%, a 4.04% decline from 2022.

<ul style='margin-top:20px;'>

<li>India trade to gdp ratio for 2022 was <strong>49.97%</strong>, a <strong>4.54% increase</strong> from 2021.</li>
<li>India trade to gdp ratio for 2021 was <strong>45.42%</strong>, a <strong>7.66% increase</strong> from 2020.</li>
<li>India trade to gdp ratio for 2020 was <strong>37.76%</strong>, a <strong>2.15% decline</strong> from 2019.</li>
</ul>Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

United States Imports: Services: India: OB: TTR: Other Business n.i.e. data was reported at 545.000 USD mn in 2016. This records an increase from the previous number of 493.000 USD mn for 2015. United States Imports: Services: India: OB: TTR: Other Business n.i.e. data is updated yearly, averaging 349.000 USD mn from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 676.000 USD mn in 2012 and a record low of 99.000 USD mn in 2006. United States Imports: Services: India: OB: TTR: Other Business n.i.e. data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA037: Trade Statistics: Services: India.

Exports of goods and services (current US$) in India was reported at 828633462822 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Exports of goods and services - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

India IN: Trade of Goods and Services: Volume data was reported at 911.753 USD bn in 2025. This records an increase from the previous number of 866.227 USD bn for 2024. India IN: Trade of Goods and Services: Volume data is updated yearly, averaging 432.553 USD bn from Dec 1996 (Median) to 2025, with 30 observations. The data reached an all-time high of 911.753 USD bn in 2025 and a record low of 70.508 USD bn in 1996. India IN: Trade of Goods and Services: Volume data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Trade Statistics: Trade Volume and Relative Price: Forecast: Non OECD Member: Annual. TGSVD - Goods and services trade, volume OECD calculation, see OECD Economic Outlook database documentation

Eximpedia Export import trade data lets you search trade data and active Exporters, Importers, Buyers, Suppliers, manufacturers exporters from over 209 countries

Net trade in goods and services of India soared by 17.03% from -86,329,729,820 US dollars in 2023 to -101,034,797,310 US dollars in 2024. Since the 88.64% drop in 2020, net trade in goods and services rocketed by 1,111.13% in 2024. Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

2728 Global import shipment records of Software Services with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Crystal India Services Company Export Import Records. Follow the Eximpedia platform for HS code, importer-exporter records, and customs shipment details.

Service imports of India leapt by 10.25% from 178,396,696,284 US dollars in 2023 to 196,677,323,400 US dollars in 2024. Since the 11.11% drop in 2020, service imports rocketed by 69.49% in 2024. Services (previously nonfactor services) refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies. Data are in current U.S. dollars.

In fiscal year 2025, the estimated ratio of India's total export and import of goods and services to the GDP was **** percent. This was a slight increase in the ratio compared to the previous fiscal year’s value of **** in the country.

India International Trade: Sevices: Export Receipts data was reported at 31.640 USD bn in Mar 2025. This records an increase from the previous number of 31.625 USD bn for Feb 2025. India International Trade: Sevices: Export Receipts data is updated monthly, averaging 16.359 USD bn from Apr 2011 (Median) to Mar 2025, with 168 observations. The data reached an all-time high of 36.967 USD bn in Dec 2024 and a record low of 10.400 USD bn in Jul 2011. India International Trade: Sevices: Export Receipts 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.JAA002: Trade in Services. Monthly data on services are provisional and would undergo revision when the Balance of Payments (BoP) data are released on a quarterly basis. [COVID-19-IMPACT]