Trade Balance in India
India - Trade Balance
Export growth slows in December
Merchandise export growth slowed to 0.3% in December, down from 0.8% in November. The slowdown was primarily due to a high base effect, while the expansion itself was underpinned by increased exports of electronic goods and petroleum products. Merchandise imports, meanwhile, decreased 2.4% in December, contrasting growth of 4.3% in November. This outturn was also explained by a high base effect and reflected fewer imports of gold and a substantially-moderated increase in oil imports.
The merchandise trade deficit was USD 13.1 billion in December, wider than the USD 14.1 billion shortfall in the same month a year earlier but narrower than the USD 16.7 billion deficit in the previous month. The 12-month trailing sum of the trade deficit narrowed to USD 183.2 billion in December from USD 184.3 billion in November, the first such narrowing since September 2017.
Our panelists forecast that exports will expand 12.2% in FY 2018 and imports will rise 15.5%, bringing the merchandise trade deficit to USD 193.0 billion. In FY 2019, we expect exports and imports will expand 6.1% and 5.1% respectively, which would result in a merchandise trade deficit of USD 200.0 billion.
India - Trade Balance Data
|Trade Balance (USD billion)||-136.6||-137.5||-117.2||-119.0||-157.0|
5 years of economic forecasts for more than 30 economic indicators.
India Trade Balance Chart
Source: Reserve Bank of India.
|Bond Yield||7.57||-0.04 %||Jan 21|
|Exchange Rate||71.19||-0.09 %||Jan 21|
|Stock Market||36,579||-0.08 %||Jan 21|
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January 16, 2019
Merchandise export growth slowed to 0.3% in December, down from 0.8% in November.
January 14, 2019
In December, consumer prices rose fell 0.43% in December from the previous month, contrasting the 0.07% rise logged in November.
January 11, 2019
Annual industrial production growth slowed to 0.5% in November, down from October’s revised 8.4% (previously reported: +8.1% year-on-year).
January 4, 2019
The composite Purchasing Managers’ Index (PMI) produced by Nikkei and IHS Market fell to 53.6 in December from 54.5 in November.
December 14, 2018
In November, consumer prices rose 0.07% in November from the previous month, contrasting the revised 0.36% rise in October (previously reported: +0.29% month-on-month).