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.

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 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.

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, 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)

This layer shows Exports, Imports and Trade Balance in India in US $ (Millions) as per the Economic Survey Report 2024-2025. Data source: https://www.indiabudget.gov.in/economicsurvey/doc/stat/tab6.1b.pdfNote:P: ProvisionalFor the years 1956-57, 1957-58, 1958-59 and 1959-60, the data are as per the Fourteenth Report of the Estimates Committee (1971-72) of theerstwhile Ministry of Foreign Trade. This web layer is offered by Esri India, for ArcGIS Online subscribers. If you have any questions or comments, please let us know via content@esri.in

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.

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.

This layer shows Exports, Imports and Trade Balance in India in US $ (Millions) as per the Economic Survey Report 2024-2025. Data source: https://www.indiabudget.gov.in/economicsurvey/doc/stat/tab6.1b.pdfNote:P: ProvisionalFor the years 1956-57, 1957-58, 1958-59 and 1959-60, the data are as per the Fourteenth Report of the Estimates Committee (1971-72) of theerstwhile Ministry of Foreign Trade. This web layer is offered by Esri India, for ArcGIS Online subscribers. If you have any questions or comments, please let us know via content@esri.in

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

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.

United States Trade Balance: India data was reported at -2.445 USD bn in Oct 2018. This records a decrease from the previous number of -1.535 USD bn for Sep 2018. United States Trade Balance: India data is updated monthly, averaging -500.250 USD mn from Jan 1985 (Median) to Oct 2018, with 406 observations. The data reached an all-time high of 108.700 USD mn in Oct 1988 and a record low of -3.055 USD bn in Apr 2014. United States Trade Balance: India data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.JA010: Trade Statistics: Census Basis: by Country: Trade Balance.

This layer shows Exports, Imports and Trade Balance in India in Crores as per the Economic Survey Report 2024-2025Data source: https://www.indiabudget.gov.in/economicsurvey/doc/stat/tab6.1a.pdfNotes:For the years 1956-57, 1957-58, 1958-59 and 1959-60, the data are as per the Fourteenth Report of the Estimates Committee(1971-72) of the erstwhile Ministry of Foreign Trade.This web layer is offered by Esri India, for ArcGIS Online subscribers. If you have any questions or comments, please let us know via content@esri.in

US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: India data was reported at -2.452 USD bn in May 2018. This records a decrease from the previous number of -2.383 USD bn for Apr 2018. US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: India data is updated monthly, averaging -100.950 USD mn from Feb 1960 (Median) to May 2018, with 698 observations. The data reached an all-time high of 487.100 USD mn in Jul 2007 and a record low of -3.055 USD bn in Apr 2014. US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: India data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Monthly.

United States Trade Balance: sa: India data was reported at -13.167 USD bn in Dec 2024. This records a decrease from the previous number of -9.788 USD bn for Sep 2024. United States Trade Balance: sa: India data is updated quarterly, averaging -5.888 USD bn from Mar 1999 (Median) to Dec 2024, with 104 observations. The data reached an all-time high of -953.000 USD mn in Mar 1999 and a record low of -13.367 USD bn in Jun 2022. United States Trade Balance: sa: India data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.JA004: Trade Balance: BoP Basis: by Country.

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

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.

The average for 2023 based on 38 countries was 17.57 billion U.S. dollars. The highest value was in China: 386.06 billion U.S. dollars and the lowest value was in India: -86.33 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

United States US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: India data was reported at -22.931 USD bn in 2017. This records an increase from the previous number of -24.309 USD bn for 2016. United States US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: India data is updated yearly, averaging -318.850 USD mn from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 669.000 USD mn in 1975 and a record low of -24.309 USD bn in 2016. United States US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: India data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Annual.