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India Balance of Trade

India's trade deficit was $32.15 billion in September 2025. This is a 21.4% increase from August 2025's deficit of $26.49 billion. Imports grew by 16.6% due to higher purchases of gold, silver, fertiliser and electronics. Exports increased by 6.74% to $36.38 billion. The faster import growth widened the trade imbalance. India's record low balance of trade was -$37.84 billion in November 2024 and record high was $0.71 billion in June 2020.

Monthly Historical Data (1957-2025)

(in Billion USD)
Month Balance of Trade (Billion USD)
Sep 2025 -32.1
Aug 2025 -26.5
Jul 2025 -27.4
Jun 2025 -18.8
May 2025 -21.9
Apr 2025 -26.4
Mar 2025 -21.5
Feb 2025 -14.1
Jan 2025 -23
Dec 2024 -21.9
Nov 2024 -37.8
Oct 2024 -27.1
Sep 2024 -20.8
Aug 2024 -29.7
Jul 2024 -23.5
Jun 2024 -21
May 2024 -23.8
Apr 2024 -19.1
Mar 2024 -15.6
Feb 2024 -18.7
Jan 2024 -17.5
Dec 2023 -19.8
Nov 2023 -20.6
Oct 2023 -31.5
Sep 2023 -19.4
Aug 2023 -24
Jul 2023 -20.7
Jun 2023 -20.1
May 2023 -22
Apr 2023 -15.4
Mar 2023 -18.1
Feb 2023 -16.6
Jan 2023 -17
Dec 2022 -23.1
Nov 2022 -22.1
Oct 2022 -26.3
Sep 2022 -28
Aug 2022 -24.9
Jul 2022 -25.4
Jun 2022 -22.1
May 2022 -22.1
Apr 2022 -18.4
Mar 2022 -18.5
Feb 2022 -18.7
Jan 2022 -17.3
Dec 2021 -21.1
Nov 2021 -21.2
Oct 2021 -17.9
Sep 2021 -22.5
Aug 2021 -11.7
Jul 2021 -10.6
Jun 2021 -9.6
May 2021 -6.5
Apr 2021 -15.3
Mar 2021 -13.6
Feb 2021 -13.1
Jan 2021 -14.5
Dec 2020 -15.7
Nov 2020 -10.2
Oct 2020 -9.2
Sep 2020 -3
Aug 2020 -8.2
Jul 2020 -5.3
Jun 2020 0.7
May 2020 -3.6
Apr 2020 -6.9
Mar 2020 -10
Feb 2020 -10.2
Jan 2020 -15.3
Dec 2019 -12.5
Nov 2019 -12.8
Oct 2019 -11.8
Sep 2019 -11.7
Aug 2019 -13.9
Jul 2019 -14.2
Jun 2019 -16
May 2019 -16.8
Apr 2019 -16.4
Mar 2019 -11
Feb 2019 -9.7
Jan 2019 -15.1
Dec 2018 -14.5
Nov 2018 -17.6
Oct 2018 -18
Sep 2018 -14.9
Aug 2018 -17.9
Jul 2018 -18.6
Jun 2018 -17.6
May 2018 -15
Apr 2018 -14
Mar 2018 -13.5
Feb 2018 -12.3
Jan 2018 -15.7
Dec 2017 -14.2
Nov 2017 -15.1
Oct 2017 -14.6
Sep 2017 -9.4
Aug 2017 -12.7
Jul 2017 -11.9
Jun 2017 -14
May 2017 -14.3
Apr 2017 -14.3
Mar 2017 -10.7
Feb 2017 -9.5
Jan 2017 -9.9
Dec 2016 -10.6
Nov 2016 -13.4
Oct 2016 -11.1
Sep 2016 -9.1
Aug 2016 -7.7
Jul 2016 -7.6
Jun 2016 -8.3
May 2016 -5.9
Apr 2016 -4.8
Mar 2016 -4.4
Feb 2016 -6.6
Jan 2016 -7.7
Dec 2015 -11.5
Nov 2015 -9.8
Oct 2015 -9.7
Sep 2015 -10.2
Aug 2015 -12.5
Jul 2015 -12.8
Jun 2015 -10.8
May 2015 -10.4
Apr 2015 -11
Mar 2015 -11.4
Feb 2015 -6.7
Jan 2015 -7.9
Dec 2014 -9.2
Nov 2014 -16.2
Oct 2014 -13.6
Sep 2014 -14.5
Aug 2014 -10.7
Jul 2014 -14.3
Jun 2014 -11.8
May 2014 -11.2
Apr 2014 -10.1
Mar 2014 -10.9
Feb 2014 -8.3
Jan 2014 -9.4
Dec 2013 -10.2
Nov 2013 -9.6
Oct 2013 -10.6
Sep 2013 -6.1
Aug 2013 -10.7
Jul 2013 -12.5
Jun 2013 -11.3
May 2013 -19.4
Apr 2013 -17.7
Mar 2013 -10.4
Feb 2013 -14.1
Jan 2013 -19
Dec 2012 -17.6
Nov 2012 -17.2
Oct 2012 -20.2
Sep 2012 -17.1
Aug 2012 -14.2
Jul 2012 -17.5
Jun 2012 -11.2
May 2012 -17
Apr 2012 -14
Mar 2012 -13.5
Feb 2012 -14.9
Jan 2012 -17.6
Dec 2011 -14.7
Nov 2011 -15.8
Oct 2011 -17.5
Sep 2011 -13.2
Aug 2011 -15.2
Jul 2011 -14.7
Jun 2011 -14.4
May 2011 -18.5
Apr 2011 -12.8
Mar 2011 -3.9
Feb 2011 -9.4
Jan 2011 -10.3
Dec 2010 -8.1
Nov 2010 -7.3
Oct 2010 -14.5
Sep 2010 -11.3
Aug 2010 -10.2
Jul 2010 -10.5
Jun 2010 -5.9
May 2010 -10
Apr 2010 -11
Mar 2010 -9.4
Feb 2010 -10.4
Jan 2010 -9.7
Dec 2009 -11.8
Nov 2009 -10.1
Oct 2009 -11.1
Sep 2009 -6.9
Aug 2009 -8.9
Jul 2009 -7.4
Jun 2009 -9.4
May 2009 -7.8
Apr 2009 -6.7
Mar 2009 -3.7
Feb 2009 -3.1
Jan 2009 -5.4
Dec 2008 -6.1
Nov 2008 -12.3
Oct 2008 -11.7
Sep 2008 -15.3
Aug 2008 -15.8
Jul 2008 -12.2
Jun 2008 -9.1
May 2008 -11.1
Apr 2008 -8.8
Mar 2008 -6.3
Feb 2008 -6.7
Jan 2008 -7.8
Dec 2007 -5.8
Nov 2007 -7.6
Oct 2007 -6.5
Sep 2007 -4.6
Aug 2007 -7.2
Jul 2007 -5.9
Jun 2007 -7.6
May 2007 -7.1
Apr 2007 -6.8
Mar 2007 -4.3
Feb 2007 -3.6
Jan 2007 -2.9
Dec 2006 -4.4
Nov 2006 -5.5
Oct 2006 -6.9
Sep 2006 -6.1
Aug 2006 -4.1
Jul 2006 -4
Jun 2006 -3.6
May 2006 -4.3
Apr 2006 -3.9
Mar 2006 -2.8
Feb 2006 -2.5
Jan 2006 -3.4
Dec 2005 -2.7
Nov 2005 -4
Oct 2005 -2.9
Sep 2005 -4.4
Aug 2005 -3.8
Jul 2005 -4
Jun 2005 -3.9
May 2005 -5.3
Apr 2005 -3.9
Mar 2005 -2.2
Feb 2005 -2.1
Jan 2005 -3.3
Dec 2004 -3
Nov 2004 -2.2
Oct 2004 -2.3
Sep 2004 -2.2
Aug 2004 -2.2
Jul 2004 -1.7
Jun 2004 -2.6
May 2004 -2.1
Apr 2004 -1.3
Mar 2004 -0.2
Feb 2004 -0.5
Jan 2004 -1.8
Dec 2003 -1.4
Nov 2003 -1.5
Oct 2003 -1.4
Sep 2003 -0.8
Aug 2003 -1.3
Jul 2003 -1.1
Jun 2003 -1.3
May 2003 -1.5
Apr 2003 -1.4
Mar 2003 -0.7
Feb 2003 -0.5
Jan 2003 -0.9
Dec 2002 -1.1
Nov 2002 -1.1
Oct 2002 -0.9
Sep 2002 -0.6
Aug 2002 -0.3
Jul 2002 -0.3
Jun 2002 -0.3
May 2002 -1.1
Apr 2002 -0.2
Mar 2002 -0.3
Feb 2002 -0.2
Jan 2002 0
Dec 2001 -0.8
Nov 2001 -0.6
Oct 2001 -0.4
Sep 2001 -0.2
Aug 2001 -0.7
Jul 2001 -1.5
Jun 2001 -0.4
May 2001 -1
Apr 2001 -1
Mar 2001 -0.3
Feb 2001 0.2
Jan 2001 -0.3
Dec 2000 -0.3
Nov 2000 -1.1
Oct 2000 -0.6
Sep 2000 -0.4
Aug 2000 -0.3
Jul 2000 -1
Jun 2000 -0.6
May 2000 -0.8
Apr 2000 -1.1
Mar 2000 -1
Feb 2000 -0.9
Jan 2000 -1.1
Dec 1999 -1.6
Nov 1999 -1.2
Oct 1999 -1
Sep 1999 -1.5
Aug 1999 -1
Jul 1999 -1.1
Jun 1999 -0.9
May 1999 -1
Apr 1999 -0.6
Mar 1999 -0.4
Feb 1999 -0.4
Jan 1999 -0.7
Dec 1998 -0.8
Nov 1998 -0.7
Oct 1998 -0.8
Sep 1998 -1
Aug 1998 -0.4
Jul 1998 -1.1
Jun 1998 -0.7
May 1998 -1.2
Apr 1998 -0.9
Mar 1998 -0.5
Feb 1998 -0.8
Jan 1998 -0.6
Dec 1997 -0.8
Nov 1997 -0.7
Oct 1997 -0.6
Sep 1997 -0.2
Aug 1997 -0.2
Jul 1997 -0.6
Jun 1997 -0.5
May 1997 -0.5
Apr 1997 -0.6
Mar 1997 -0.1
Feb 1997 -0.8
Jan 1997 -0.9
Dec 1996 -0.5
Nov 1996 -0.9
Oct 1996 -0.6
Sep 1996 -0.3
Aug 1996 -0.3
Jul 1996 -0.2
Jun 1996 -0.2
May 1996 -0.6
Apr 1996 -0.1
Mar 1996 0
Feb 1996 -0.3
Jan 1996 -0.8
Dec 1995 -0.2
Nov 1995 -0.6
Oct 1995 -0.3
Sep 1995 -0.6
Aug 1995 -0.5
Jul 1995 -0.6
Jun 1995 -0.5
May 1995 -0.6
Apr 1995 0
Mar 1995 0
Feb 1995 -0.2
Jan 1995 0
Dec 1994 -0.3
Nov 1994 -0.3
Oct 1994 -0.4
Sep 1994 -0.3
Aug 1994 -0.1
Jul 1994 -0.3
Jun 1994 -0.2
May 1994 -0.1
Apr 1994 0
Mar 1994 -0.1
Feb 1994 0.2
Jan 1994 0.2
Dec 1993 -0.3
Nov 1993 -0.2
Oct 1993 0
Sep 1993 -0.2
Aug 1993 -0.1
Jul 1993 -0.1
Jun 1993 -0.3
May 1993 0
Apr 1993 0
Mar 1993 0.2
Feb 1993 -0.1
Jan 1993 0
Dec 1992 -0.4
Nov 1992 -0.3
Oct 1992 -0.1
Sep 1992 -0.4
Aug 1992 -0.1
Jul 1992 -0.6
Jun 1992 -0.6
May 1992 -0.5
Apr 1992 -0.4
Mar 1992 0
Feb 1992 -0.2
Jan 1992 0.1
Dec 1991 -0.3
Nov 1991 -0.1
Oct 1991 -0.3
Sep 1991 -0.1
Aug 1991 -0.1
Jul 1991 0
Jun 1991 -0.4
May 1991 -0.2
Apr 1991 0
Mar 1991 -0.1
Feb 1991 -0.4
Jan 1991 -0.6
Dec 1990 -0.7
Nov 1990 -1
Oct 1990 -0.7
Sep 1990 -0.7
Aug 1990 -0.4
Jul 1990 -0.3
Jun 1990 -0.3
May 1990 -0.3
Apr 1990 -0.4
Mar 1990 -0.1
Feb 1990 -0.4
Jan 1990 -0.3
Dec 1989 -0.5
Nov 1989 -0.5
Oct 1989 -0.4
Sep 1989 -0.4
Aug 1989 -0.4
Jul 1989 -0.3
Jun 1989 -0.5
May 1989 -0.5
Apr 1989 -0.2
Mar 1989 -0.2
Feb 1989 -0.3
Jan 1989 -0.3
Dec 1988 -0.7
Nov 1988 -0.4
Oct 1988 -0.5
Sep 1988 -0.5
Aug 1988 -0.6
Jul 1988 -0.4
Jun 1988 -0.5
May 1988 -0.5
Apr 1988 -0.6
Mar 1988 -0.3
Feb 1988 -0.5
Jan 1988 -0.4
Dec 1987 -0.6
Nov 1987 -0.6
Oct 1987 -0.4
Sep 1987 -0.4
Aug 1987 -0.2
Jul 1987 -0.5
Jun 1987 -0.4
May 1987 -0.4
Apr 1987 -0.3
Mar 1987 -0.6
Feb 1987 -0.4
Jan 1987 -0.6
Dec 1986 -0.6
Nov 1986 -0.5
Oct 1986 -0.4
Sep 1986 -0.6
Aug 1986 -0.5
Jul 1986 -0.4
Jun 1986 -0.5
May 1986 -0.5
Apr 1986 -0.5
Mar 1986 -0.4
Feb 1986 -0.5
Jan 1986 -0.7
Dec 1985 -0.7
Nov 1985 -0.7
Oct 1985 -0.6
Sep 1985 -0.7
Aug 1985 -0.6
Jul 1985 -0.7
Jun 1985 -0.4
May 1985 -0.6
Apr 1985 -0.6
Mar 1985 -0.4
Feb 1985 -0.4
Jan 1985 -0.4
Dec 1984 -0.3
Nov 1984 -0.4
Oct 1984 -0.3
Sep 1984 -0.3
Aug 1984 -0.3
Jul 1984 -0.4
Jun 1984 -0.3
May 1984 -0.5
Apr 1984 -0.4
Mar 1984 -0.4
Feb 1984 -0.9
Jan 1984 -0.9
Dec 1983 -0.5
Nov 1983 -0.4
Oct 1983 -0.3
Sep 1983 -0.5
Aug 1983 -0.4
Jul 1983 -0.3
Jun 1983 -0.2
May 1983 -0.4
Apr 1983 -0.4
Mar 1983 -0.3
Feb 1983 -0.4
Jan 1983 -0.7
Dec 1982 -0.3
Nov 1982 -0.5
Oct 1982 -0.7
Sep 1982 -0.5
Aug 1982 -0.3
Jul 1982 -0.3
Jun 1982 -0.4
May 1982 -0.6
Apr 1982 -0.5
Mar 1982 -0.4
Feb 1982 -0.6
Jan 1982 -0.5
Dec 1981 -0.8
Nov 1981 -0.7
Oct 1981 -0.3
Sep 1981 -0.6
Aug 1981 -0.7
Jul 1981 -0.6
Jun 1981 -0.6
May 1981 -0.4
Apr 1981 -0.4
Mar 1981 -0.9
Feb 1981 -0.6
Jan 1981 -0.7
Dec 1980 -0.5
Nov 1980 -0.3
Oct 1980 -0.4
Sep 1980 -0.7
Aug 1980 -0.8
Jul 1980 -0.9
Jun 1980 -0.6
May 1980 -0.5
Apr 1980 -0.4
Mar 1980 -0.4
Feb 1980 -0.4
Jan 1980 -0.4
Dec 1979 0
Nov 1979 -0.3
Oct 1979 -0.2
Sep 1979 -0.2
Aug 1979 -0.3
Jul 1979 -0.3
Jun 1979 -0.2
May 1979 -0.2
Apr 1979 0
Mar 1979 -0.1
Feb 1979 -0.1
Jan 1979 -0.1
Dec 1978 -0.2
Nov 1978 -0.2
Oct 1978 0
Sep 1978 0
Aug 1978 -0.1
Jul 1978 -0.1
Jun 1978 -0.1
May 1978 -0.1
Apr 1978 0
Mar 1978 -0.1
Feb 1978 0
Jan 1978 -0.2
Dec 1977 -0.1
Nov 1977 0
Oct 1977 -0.3
Sep 1977 -0.1
Aug 1977 -0.1
Jul 1977 0
Jun 1977 0.1
May 1977 0.1
Apr 1977 0.1
Mar 1977 0.3
Feb 1977 0
Jan 1977 0
Dec 1976 0
Nov 1976 -0.1
Oct 1976 0.1
Sep 1976 0
Aug 1976 0
Jul 1976 0
Jun 1976 0
May 1976 0
Apr 1976 0
Mar 1976 0.1
Feb 1976 0
Jan 1976 -0.1
Dec 1975 -0.1
Nov 1975 -0.2
Oct 1975 -0.3
Sep 1975 -0.2
Aug 1975 0
Jul 1975 -0.2
Jun 1975 -0.2
May 1975 -0.1
Apr 1975 -0.1
Mar 1975 -0.1
Feb 1975 -0.1
Jan 1975 -0.3
Dec 1974 -0.1
Nov 1974 -0.1
Oct 1974 -0.1
Sep 1974 -0.1
Aug 1974 0
Jul 1974 -0.1
Jun 1974 -0.1
May 1974 -0.1
Apr 1974 -0.2
Mar 1974 0
Feb 1974 -0.1
Jan 1974 -0.1
Dec 1973 -0.1
Nov 1973 -0.1
Oct 1973 0
Sep 1973 0
Aug 1973 0
Jul 1973 0
Jun 1973 0
May 1973 0
Apr 1973 0
Mar 1973 0
Feb 1973 -0.1
Jan 1973 0
Dec 1972 0
Nov 1972 0.1
Oct 1972 0
Sep 1972 0
Aug 1972 0
Jul 1972 0
Jun 1972 0
May 1972 0
Apr 1972 0
Mar 1972 0.1
Feb 1972 0
Jan 1972 0
Dec 1971 0
Nov 1971 0
Oct 1971 0
Sep 1971 0
Aug 1971 0
Jul 1971 0
Jun 1971 0
May 1971 0
Apr 1971 0
Mar 1971 0
Feb 1971 0
Jan 1971 0
Dec 1970 0
Nov 1970 0
Oct 1970 0
Sep 1970 0
Aug 1970 0
Jul 1970 0
Jun 1970 0
May 1970 0
Apr 1970 0
Mar 1970 0
Feb 1970 0
Jan 1970 0
Dec 1969 0
Nov 1969 0
Oct 1969 0
Sep 1969 0
Aug 1969 0
Jul 1969 0
Jun 1969 0
May 1969 0
Apr 1969 0
Mar 1969 -0.1
Feb 1969 0
Jan 1969 0
Dec 1968 0
Nov 1968 0
Oct 1968 0
Sep 1968 0
Aug 1968 0
Jul 1968 -0.1
Jun 1968 -0.1
May 1968 -0.1
Apr 1968 -0.1
Mar 1968 -0.2
Feb 1968 -0.1
Jan 1968 0
Dec 1967 0
Nov 1967 -0.1
Oct 1967 0
Sep 1967 -0.1
Aug 1967 -0.1
Jul 1967 -0.1
Jun 1967 -0.1
May 1967 -0.1
Apr 1967 -0.1
Mar 1967 -0.3
Feb 1967 -0.1
Jan 1967 -0.1
Dec 1966 -0.1
Nov 1966 -0.1
Oct 1966 -0.1
Sep 1966 -0.1
Aug 1966 -0.1
Jul 1966 -0.1
Jun 1966 -0.1
May 1966 -0.2
Apr 1966 -0.2
Mar 1966 -0.3
Feb 1966 -0.1
Jan 1966 -0.1
Dec 1965 -0.1
Nov 1965 -0.1
Oct 1965 -0.1
Sep 1965 -0.1
Aug 1965 -0.1
Jul 1965 -0.1
Jun 1965 -0.2
May 1965 -0.1
Apr 1965 -0.1
Mar 1965 -0.1
Feb 1965 -0.1
Jan 1965 -0.1
Dec 1964 -0.1
Nov 1964 -0.1
Oct 1964 -0.1
Sep 1964 -0.1
Aug 1964 -0.1
Jul 1964 -0.1
Jun 1964 -0.1
May 1964 -0.1
Apr 1964 -0.1
Mar 1964 -0.1
Feb 1964 -0.1
Jan 1964 -0.1
Dec 1963 0
Nov 1963 0
Oct 1963 0
Sep 1963 -0.1
Aug 1963 -0.1
Jul 1963 -0.1
Jun 1963 -0.1
May 1963 -0.1
Apr 1963 -0.1
Mar 1963 0
Feb 1963 -0.1
Jan 1963 -0.1
Dec 1962 -0.1
Nov 1962 -0.1
Oct 1962 0
Sep 1962 -0.1
Aug 1962 -0.1
Jul 1962 -0.1
Jun 1962 -0.1
May 1962 -0.1
Apr 1962 -0.1
Mar 1962 -0.1
Feb 1962 -0.1
Jan 1962 -0.1
Dec 1961 -0.1
Nov 1961 -0.1
Oct 1961 -0.1
Sep 1961 -0.1
Aug 1961 0
Jul 1961 -0.1
Jun 1961 -0.1
May 1961 -0.1
Apr 1961 -0.1
Mar 1961 -0.1
Feb 1961 -0.1
Jan 1961 -0.1
Dec 1960 -0.1
Nov 1960 0
Oct 1960 -0.1
Sep 1960 -0.1
Aug 1960 -0.1
Jul 1960 -0.1
Jun 1960 -0.1
May 1960 -0.1
Apr 1960 -0.1
Mar 1960 -0.1
Feb 1960 -0.1
Jan 1960 0
Dec 1959 0
Nov 1959 0
Oct 1959 0
Sep 1959 0
Aug 1959 0
Jul 1959 0
Jun 1959 -0.1
May 1959 -0.1
Apr 1959 -0.1
Mar 1959 -0.1
Feb 1959 -0.1
Jan 1959 -0.1
Dec 1958 -0.1
Nov 1958 0
Oct 1958 0
Sep 1958 0
Aug 1958 0
Jul 1958 0
Jun 1958 -0.1
May 1958 0
Apr 1958 0
Mar 1958 0
Feb 1958 0
Jan 1958 0
Dec 1957 0
Nov 1957 0
Oct 1957 0
Sep 1957 0
Aug 1957 0
Jul 1957 0
Jun 1957 -0.1
May 1957 -0.1
Apr 1957 -0.1
Mar 1957 0
Feb 1957 0
Jan 1957 0

Recent Events

datetime event actual previous consensus
2025-10-15 05:30 AM Balance of Trade (Sep) -$32.15B -$26.49B -
2025-09-15 05:30 AM Balance of Trade (Aug) -$26.49B -$27.35B -
2021-02-15 07:20 AM Balance of Trade Final (Jan) -$14.54B -$15.44B -$14.7B

Next Release Date :

India Balance of Trade : Definition
India's balance of trade shows the difference between the value of its exports and imports, measured in USD. A trade surplus occurs when exports exceed imports while a trade deficit arises when imports are greater.