India Balance of Trade

Last Release

Sep 30, 2025

Actual

-32.15

Units In

USD Million

-26.49

Frequency

Monthly

Next Release

Nov 14, 2025

Time to Release

23 Days 4 Hours

Highest	Lowest	Average	Date Range	Source
0.79 Jun 2020	-37.84 Nov 2024	-4.05 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 close to finalizing a long-stalled trade deal that would cut U.S. tariffs on Indian imports from 50% to 15–16%, India's Mint reported. The agreement, centered on energy and agriculture, may see India gradually lower Russian crude oil imports. U.S. President Donald Trump said he spoke with Indian Prime Minister Narendra Modi on Tuesday, focusing on trade, and noted that “energy was also part of our discussion,” with Modi assuring him India would limit Russian oil purchases. India may also increase imports of non-GMO U.S. corn and soymeal, and the deal could include a mechanism for periodic tariff and market access reviews. Finalization is expected at the ASEAN Summit this month, the local media said.