India Balance of Trade

Last Release

Apr 30, 2025

Actual

-26.42

Units In

USD Million

-21.54

Frequency

Monthly

Next Release

Jun 13, 2025

Time to Release

27 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
0.79 Jun 2020	-37.84 Nov 2024	-3.92 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 recorded a trade deficit of $26.42 billion in April of 2025, widening from $19.1 billion from the corresponding period of the previous year to mark the sharpest gap since the record-high from November of 2024. Imports surged by 19.12% annually to $64.91 billion, despite the decline in oil prices, as businesses likely front-loaded foreign purchases before the start of potential trade wars. Gold imports totaled $3.1 billion in the period. In turn, exports grew at a softer 9.03% annually to $38.49 billion. Exports to the US, which is India's top export destination, soared by nearly 30% to $8.42 billion despite being hit by 27% tariffs by Washington, which were temporarily suspended one week after being announced on April 9th.