India Balance of Trade

Last Release

Oct 31, 2025

Actual

-41.68

Units In

USD Million

-32.15

Frequency

Monthly

Next Release

Dec 15, 2025

Time to Release

26 Days 20 Hours

Highest	Lowest	Average	Date Range	Source
0.79 Jun 2020	-41.68 Oct 2025	-4.1 USD Million	1957-2025	N/A

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.

Latest Updates

India and the U.S. are nearing an announcement on the first phase of a trade deal aimed at resolving tariff disputes, according to Commerce Secretary Rajesh Agrawal. The agreement would address the 25% reciprocal tariff and an additional 25% punitive tariff imposed by the Trump administration in response to India’s economic ties with Russia. President Trump recently commented that the U.S. is "pretty close" to securing a "fair trade deal" with India and suggested he would reduce tariffs on Indian goods "at some point."