Trade Balance in India

India Trade Balance | Economic News & Forecasts

India - Trade Balance

Merchandise export growth slumps in April, deficit widens

Merchandise export growth in annual terms plummeted to 0.6% in April, down from 11.0% in March. The slowdown was primarily due to a decrease in shipments excluding petroleum, gems and jewelry. Merchandise imports increased 4.5% in April, up from 1.4% in March. Higher imports in April were largely caused by a 9.2% rise in oil purchases.

The merchandise trade deficit was USD 15.3 billion in April, which represented a widening compared to the USD 13.7 billion deficit in the same month a year earlier and USD 11.9 billion shortfall in March. Meanwhile, the 12-month trailing sum of the trade deficit widened for the first time in five months to USD 178.0 billion in April from USD 176.4 billion.

Our panelists forecast that exports will expand 7.5% in FY 2018 and imports will rise 7.5%, bringing the merchandise trade deficit to USD 189.0 billion. In FY 2019, we expect exports and imports will expand 8.5% and 7.3% respectively, which would result in a merchandise trade deficit of USD 199.0 billion.

India - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-136.6  -137.5  -117.2  -119.0  -157.0  

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India Trade Balance Chart

India Trade
Note: Trade balance in USD billion.
Source: Reserve Bank of India.

India Facts

Bond Yield7.39-0.04 %May 13
Exchange Rate70.57-0.09 %May 13
Stock Market37,091-0.08 %May 13

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