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India Net Trade (Goods & Services, BoP)

India's net trade (goods & services, bop) rose to $-101.03 billion in 2024, up from $-86.33 billion in 2023, according to World Bank. This represents an increase of 17% ($14.71 billion) from the previous year. India has the 2nd lowest net trade (goods & services, bop). Other bottom countries are United States, Philippines, Japan and United Kingdom.

Yearly Historical Data (1975-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 -101.03
2023 -86.33
2022 -134.66
2021 -74.04
2020 -8.34
2019 -73.45
2018 -105.92
2017 -72.21
2016 -41.58
2015 -63.25
2014 -67.97
2013 -92.14
2012 -136.06
2011 -106.69
2010 -91.02
2009 -67.41
2008 -74.36
2007 -38.7
2006 -31.77
2005 -27.28
2004 -14.96
2003 -8.16
2002 -5.12
2001 -9.18
2000 -13.14
1999 -11.44
1998 -13.6
1997 -13.36
1996 -13.98
1995 -10.21
1994 -6.31
1993 -3.48
1992 -4.71
1991 -4.01
1990 -6.62
1989 -7.84
1988 -8.11
1987 -7.04
1986 -6.16
1985 -6.13
1984 -4.43
1983 -4.51
1982 -5.36
1981 -6.16
1980 -5.65
1979 -2.26
1978 -0.83
1977 0.96
1976 0.7
1975 -0.5
India Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in India, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $434.44B $431.41B 2024
Annual Imports $697.75B $672.14B 2024
Balance of Trade -$32.1B -$26.5B Sep'25
Exports $36.4B $35.1B Sep'25
Exports (% GDP) 21.18% 21.45% 2024
FDI Inflows (% GDP) 0.71% 0.77% 2024
Imports $68.5B $61.6B Sep'25
Imports (% GDP) 23.49% 23.54% 2024
Tariff Rate 10.06% 9.86% 2022
Trade (% GDP) 44.67% 44.99% 2024