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.

The United States recorded a trade deficit of 59.55 USD Billion in August of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

India recorded a trade deficit of 41.68 USD Billion in October 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.

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.

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)

View quarterly updates and historical trends for US Trade Balance on Goods with India. from United States. Source: Bureau of Economic Analysis. Track econ…

In the financial year 2024, drug formulations were India's largest export to the United States, accounting for approximately eight billion U.S. dollars. This was followed by pearl and precious stones exports, valued at over six billion U.S. dollars during the same period.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for India (XTNTVA01INQ667N) from Q1 1990 to Q3 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.

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.

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.

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.

View quarterly updates and historical trends for US Trade Balance on Services with India. from United States. Source: Bureau of Economic Analysis. Track e…

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.

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.

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.

India is exploring strategies to address US trade tensions, focusing on increasing imports and maintaining trade talks without immediate retaliation.

Time series data for the statistic Trade_Balance_United_States_with_India. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -5.61 Billion as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.9369 Billion compared to the value the year prior.The Serie's long term average value is -1.26 Billion. It's latest available value, on 5/31/2025, is -4.35 Billion lower, compared to it's long term average value.The Serie's change from it's minimum value, on 3/31/2025, to it's latest available value, on 5/31/2025, is +1.81 Billion.The Serie's change from it's maximum value, on 7/31/2007, to it's latest available value, on 5/31/2025, is -6.10 Billion.

United States US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: India data was reported at -5.328 USD bn in Mar 2018. This records an increase from the previous number of -5.630 USD bn for Dec 2017. United States US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: India data is updated quarterly, averaging -328.500 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 205.800 USD mn in Sep 1981 and a record low of -6.771 USD bn in Jun 2014. 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: Quarterly.