India recorded a trade deficit of 27.10 USD Billion in February of 2026. 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 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 (XTNTVA01INM664N) from Jan 1990 to Nov 2025 about India, trade, Net, and goods.

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.

High Frequency Indicator: The dataset contains year- and month-wise historically compiled data from the year 2007 to till date on the India's top 25 trading countries with trading of goods by import and export, along with details of country-wise value, both in indian rupees and u.s. dollars, of imports, exports and trade balance.

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

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.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for India (XTNTVA01INQ664N) from Q1 1990 to Q4 2025 about India, trade, Net, and goods.

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

IN: Trade Balance: Advanced Economies: United States data was reported at 5.821 USD bn in Mar 2018. This records an increase from the previous number of 4.469 USD bn for Dec 2017. IN: Trade Balance: Advanced Economies: United States data is updated quarterly, averaging 95.777 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 6.342 USD bn in Sep 2017 and a record low of -402.880 USD mn in Sep 1980. IN: Trade Balance: Advanced Economies: United States 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 International Merchandise Trade Statistics: Trade Balance: Commodities for India (XTNTVA01INM664S) from Jan 1990 to Dec 2025 about India, trade, Net, and goods.

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.

IN: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data was reported at 1.624 USD bn in Mar 2018. This records an increase from the previous number of 352.250 USD mn for Dec 2017. IN: Trade Balance: Advanced Economies: China, People Republic: Hong Kong data is updated quarterly, averaging 70.476 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 2.299 USD bn in Sep 2014 and a record low of -243.191 USD mn in Mar 2009. IN: Trade Balance: Advanced Economies: China, People Republic: Hong Kong 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, the trade balance to gross domestic product ratio in India declined to *** percent. This was a decrease as compared to the previous fiscal year.

IN: Trade Balance: Advanced Economies: Australia data was reported at -2.912 USD bn in Mar 2018. This records a decrease from the previous number of -2.725 USD bn for Dec 2017. IN: Trade Balance: Advanced Economies: Australia data is updated quarterly, averaging -77.660 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 26.497 USD mn in Sep 1984 and a record low of -3.521 USD bn in Sep 2011. IN: Trade Balance: Advanced Economies: Australia 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.

Explore the top trading partners of India, trade performance, key export & import partners, top destinations, and major import sources.

High Frequency Indicator: The dataset contains year-, state- and commodity-wise compiled data from the year 2007 to till date value, both in indian rupees and in u.s. dollars, of imports and exports made to and from India and trade balance available on different commodities such as Coffee, tea, mate and spices, animals and their products, seeds and their products, Beverages, Food items and other things

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 Foreign Trade from Handbook of Statistics on Indian Economy.

IN: Trade Balance: Advanced Economies: Spain data was reported at 706.060 USD mn in Mar 2018. This records an increase from the previous number of 484.130 USD mn for Dec 2017. IN: Trade Balance: Advanced Economies: Spain data is updated quarterly, averaging 4.400 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 706.060 USD mn in Mar 2018 and a record low of -36.934 USD mn in Dec 1985. IN: Trade Balance: Advanced Economies: Spain 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.