India Balance of Trade - TRADING ECONOMICS
The merchandise trade deficit in India was at $37.8 billion in November of 2024, the highest on record, widening sharply from the $20.6 billion shortfall from the corresponding period of the previous year, and well ahead of expectations that centered around a $23 billion deficit.
India Trade Balance 1960-2024 - Macrotrends
India trade balance for 2022 was $-119.53B, a 43.78% increase from 2021. India trade balance for 2021 was $-83.13B , a 690.53% increase from 2020. India trade balance for 2020 was $-10.52B , a 85.61% decline from 2019.
India’s trade deficit swells to $27.1 bn in October, exports rise …
Nov 14, 2024 · India's trade deficit widened to $27.1 billion in October, as merchandise exports rose by 17.3% to $39.2 billion, up from $33.43 billion in October 2023, as per data released by the Ministry of Commerce and Industry.
India in trade deficit with nine of top 10 trading partners in 2023 …
May 26, 2024 · New Delhi: India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, according to official data.
India's Trade Deficit Narrows To $78 Billion, With A Record …
Apr 16, 2024 · According to latest data from the Ministry of Commerce and Industry, India’s trade deficit in FY 2023-24 is estimated to be $78.12 billion, an improvement of 35.77 percent compared to FY...
India's trade deficit widens to an all-time high of $37.8 bn in Nov
Dec 16, 2024 · India's merchandise trade deficit in November surged to a record $37.84 billion, up from $27.1 billion in October, according to government data. Exports grew by 2.17% year-on-year from April to November, but imports rose at a higher …
India’s Trade Deficit Hits $27.14 Billion in October, Surpassing ...
Nov 14, 2024 · India’s trade deficit reached $27.14 billion in October 2024, exceeding forecasts by economists, with exports rising 17.25% year-on-year. Data from the Ministry of Commerce & Industry highlights increased import costs.
India in Trade Deficit with Top Trading Partners
May 31, 2024 · Recent official data shows that India has a trade deficit with 9 out of its top 10 trading partners, including China, Russia, Singapore, and South Korea in 2023-24. A trade deficit occurs when the value of a country's imports exceeds the value of its exports, with imports and exports referring both to physical goods and services.
India in trade deficit with nine of top 10 trading partners in 2023 …
May 26, 2024 · India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, according...
Mint Primer: How India’s trade gap soared, and how it might hurt
Dec 20, 2024 · What led to the record trade deficit in November? India’s imports in November soared to $69.95 billion, sharply up from $54.48 billion in November 2023. Merchandise exports, on the other hand ...