India Balance of Trade

Last Release

Aug 31, 2025

Actual

-26.49

Units In

USD Million

-27.35

Frequency

Monthly

Next Release

Oct 15, 2025

Time to Release

27 Days 0 Hours

Highest	Lowest	Average	Date Range	Source
0.79 Jun 2020	-37.84 Nov 2024	-4.02 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 merchandise trade deficit of $26.49 billion in August of 2025, narrowing slightly from the $29.7 billion gap in the corresponding period of the previous year. Imports of goods fell by 10.1% from the previous year to $61.59 billion amid lower prices of crude oil and major energy commodities, which make up a large portion of Indian foreign purchases. In the meantime, merchandise exports were 6.7% higher to $35 billion in the period despite the introduction of 25% in the second week of August, which were doubled by the end of the month.