Key data points
Last release
—
Observation period
Oct 2024
Next release
—
Forecast
—
Highest
710.00 M USD on Jun 30, 2020
Lowest
−31.46 B USD on Oct 31, 2023
About India Balance Of Trade
India has been recording sustained trade deficits since 1980 mainly due to the strong imports growth, particularly of mineral fuels, oils and waxes and bituminous substances and pearls, precious and semi-precious stones and jewelry. In recent years, the biggest trade deficits were recorded with China, Switzerland, Saudi Arabia, Iraq and Indonesia. India records trade surpluses with the US, United Arab Emirates, Hong Kong, United Kingdom and Vietnam.