India Balance of Trade

Last Release

Jul 31, 2025

Actual

-27.35

Units In

USD Million

-18.78

Frequency

Monthly

Next Release

Sep 15, 2025

Time to Release

28 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
0.79 Jun 2020	-37.84 Nov 2024	-3.99 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

Talks on a proposed U.S.-India trade deal have been delayed after a planned visit by American negotiators to New Delhi on August 25–29 was called off, Reuters reported. The move dashed hopes of easing fresh U.S. tariffs on Indian goods set to take effect August 27. The U.S. embassy reportedly said it had no further details, noting that talks are led by the U.S. Trade Representative (USTR). Earlier this month, President Trump imposed an extra 25% tariff on Indian goods over New Delhi’s continued imports of Russian oil, pushing some duties to as high as 50%—among the steepest on any U.S. partner. Negotiations had already stalled after five rounds over disputes on opening India’s farm and dairy markets and halting Russian oil purchases. India’s Foreign Ministry said it is being “unfairly singled out” while the U.S. and EU continue buying from Moscow.