India recorded a trade deficit of 21.88 USD Billion in May 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.

India trade balance for 2023 was -73.51 billion US dollars, a 38.5% decline from 2022.

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

<li>India trade balance for 2022 was <strong>-119.53 billion US dollars</strong>, a <strong>43.78% increase</strong> from 2021.</li>
<li>India trade balance for 2021 was <strong>-83.13 billion US dollars</strong>, a <strong>690.53% increase</strong> from 2020.</li>
<li>India trade balance for 2020 was <strong>-10.52 billion US dollars</strong>, a <strong>85.61% decline</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

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 All States: Overall Surplus or Deficit data was reported at -99,125.966 INR mn in 2025. This records an increase from the previous number of -823,774.464 INR mn for 2024. India All States: Overall Surplus or Deficit data is updated yearly, averaging 23,456.000 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 3,282,496.545 INR mn in 2020 and a record low of -823,774.464 INR mn in 2024. India All States: Overall Surplus or Deficit data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF001: State Finances: At A Glance.

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.

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.

Revenue Deficits of the Centre, States, Centre and States combined and as percentages of respective GDPs

India All States: Revenue Account Surplus or Deficit data was reported at -801,194.654 INR mn in 2025. This records an increase from the previous number of -1,408,936.007 INR mn for 2024. India All States: Revenue Account Surplus or Deficit data is updated yearly, averaging -177,691.952 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 429,427.300 INR mn in 2008 and a record low of -3,712,220.707 INR mn in 2021. India All States: Revenue Account Surplus or Deficit data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF001: State Finances: At A Glance.

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)

In 2023, 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 Ireland, 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.

India recorded a Current Account surplus of 13500 USD Million in the first quarter of 2025. This dataset provides - India Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

India recorded a Government Budget deficit equal to 4.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - India Government Budget - 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.

Punjab: Revenue Surplus or Deficit data was reported at -12,723.900 INR mn in Feb 2025. This records an increase from the previous number of -13,663.300 INR mn for Jan 2025. Punjab: Revenue Surplus or Deficit data is updated monthly, averaging -5,700.900 INR mn from Apr 2007 (Median) to Feb 2025, with 215 observations. The data reached an all-time high of 28,591.600 INR mn in Nov 2024 and a record low of -51,538.300 INR mn in Mar 2022. Punjab: Revenue Surplus or Deficit data remains active status in CEIC and is reported by Comptroller and Auditor General of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FD021: State Accounts: Punjab.

Haryana: Overall Surplus or Deficit data was reported at 5,230.870 INR mn in 2025. This records an increase from the previous number of 3,625.110 INR mn for 2024. Haryana: Overall Surplus or Deficit data is updated yearly, averaging 105.500 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 31,378.500 INR mn in 2007 and a record low of -33,904.400 INR mn in 2009. Haryana: Overall Surplus or Deficit data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FJ009: State Finances: Capital Expenditure: Haryana.

India Electricity: Power: Peak Surplus or Deficit data was reported at 0.000 MW in Mar 2025. This records an increase from the previous number of -58.000 MW for Feb 2025. India Electricity: Power: Peak Surplus or Deficit data is updated monthly, averaging -4,903.000 MW from Jan 2005 (Median) to Mar 2025, with 243 observations. The data reached an all-time high of 0.000 MW in Mar 2025 and a record low of -19,499.000 MW in Feb 2008. India Electricity: Power: Peak Surplus or Deficit data remains active status in CEIC and is reported by Central Electricity Authority. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBF003: Electricity: Demand and Supply. [COVID-19-IMPACT]

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.

The dataset contains All India Yearly Central Government Deficit Indicators from Handbook of Statistics on Indian Economy.

Note: 1. Data for 2023-24 are Revised Estimates and data for 2024-25 are Budget Estimates. 2. Primary Revenue Deficit is Revenue Deficit net of interest payments. 3. Drawdown of cash balances represents conventional budget deficit prior to 1997-98. With discontinuation of the ad hoc treasury bills and 91-day tap treasury bills, the concept of conventional budget deficit has lost its relevance since April 1,1997. 4. Net RBI Credit represents variation over end-March, as per RBI records, after closure of Government accounts. 5. Negative (-) sign indicates surplus. 6. Since 1999-2000, Gross Fiscal Deficit excludes States’ share in Small Savings as per the new system of accounting.

Uttar Pradesh: Fiscal Surplus or Deficit data was reported at -37,799.000 INR mn in Feb 2025. This records a decrease from the previous number of 114,627.200 INR mn for Jan 2025. Uttar Pradesh: Fiscal Surplus or Deficit data is updated monthly, averaging -18,779.800 INR mn from Apr 2008 (Median) to Feb 2025, with 203 observations. The data reached an all-time high of 552,101.900 INR mn in Mar 2020 and a record low of -375,278.100 INR mn in Mar 2024. Uttar Pradesh: Fiscal Surplus or Deficit data remains active status in CEIC and is reported by Comptroller and Auditor General of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FD027: State Accounts: Uttar Pradesh.