India Trade Balance

Country:
India
INR, Indian rupee
Sector:
Trade
Medium $-13.81 B $-5.74 B
$-10.97 B
Last release Importance Actual Forecast
Previous
$-10.53 B
$-13.81 B
Next release Actual Forecast
Previous
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India's Trade Balance measures the difference between exports and imports over the reporting period, expressed in Indian rupee. The indicator reflects the structure of the country's trade with its partners. Economists use the indicator to evaluate the structure and intensity of trade flows between countries. It is also considered an important indicator of economic development.

When exports exceed imports, a trade surplus is formed. It is an indication of high production level. It also shows that the nation produces more goods and services than it can consume.

India's largest trade partners are the US, EU and China. Since 1990s, India has a general trade deficit, with the deficit tending to increase.

The impact of Indian imports on rupee quotes is ambiguous and depends on the context of business cycles and other economic indicators, such as production dynamics. For example, in economy recession conditions, countries begin to export more in order to create jobs. In India, a decreasing deficit is considered as favorable, and thus the higher than expected index growth can be seen as positive for the INR quotes. Conversely, an increase in the deficit may push the national currency quotes down.

Last values:

actual data

forecast

The chart of the entire available history of the "India Trade Balance" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Aug 2021
$-13.81 B
$-5.74 B
$-10.97 B
Jul 2021
$-10.97 B
$-7.83 B
$-9.37 B
Jun 2021
$-9.37 B
$-10.67 B
$-6.28 B
May 2021
$-6.28 B
$-14.61 B
$-15.10 B
Apr 2021
$-15.10 B
$-13.34 B
$-13.93 B
Mar 2021
$-13.93 B
$-11.52 B
$-12.62 B
Feb 2021
$-12.62 B
$-17.93 B
$-14.54 B
Jan 2021
$-14.54 B
$-20.33 B
$-15.44 B
Dec 2020
$-15.44 B
$-6.70 B
$-9.87 B
Nov 2020
$-9.87 B
$-6.91 B
$-8.71 B
Oct 2020
$-8.71 B
$-3.33 B
$-2.72 B
Sep 2020
$-2.72 B
$-6.60 B
$-6.77 B
Aug 2020
$-6.77 B
$-4.12 B
$-4.83 B
Jul 2020
$-4.83 B
$0.16 B
$0.79 B
Jun 2020
$0.79 B
$-3.09 B
$-3.15 B
May 2020
$-3.15 B
$-6.02 B
$-6.76 B
Apr 2020
$-6.76 B
$-9.91 B
$-9.76 B
Mar 2020
$-9.76 B
$-10.53 B
$-9.85 B
Feb 2020
$-9.85 B
$-13.18 B
$-15.17 B
Jan 2020
$-15.17 B
$-11.21 B
$-11.25 B
Dec 2019
$-11.25 B
$-12.12 B
Nov 2019
$-12.12 B
$-11.01 B
Oct 2019
$-11.01 B
$-10.86 B
Sep 2019
$-10.86 B
$-13.45 B
Aug 2019
$-13.45 B
$-13.43 B
Jul 2019
$-13.43 B
$-15.28 B
Jun 2019
$-15.28 B
$-15.36 B
May 2019
$-15.36 B
$-15.33 B
Apr 2019
$-15.33 B
$-10.89 B
Mar 2019
$-10.89 B
$-9.60 B
Feb 2019
$-9.60 B
$-14.73 B
Jan 2019
$-14.73 B
$-13.08 B
Dec 2018
$-13.08 B
$-16.67 B
Nov 2018
$-16.67 B
$-17.13 B
Oct 2018
$-17.13 B
$-13.98 B
Sep 2018
$-13.98 B
$-17.39 B
Aug 2018
$-17.39 B
$-18.02 B
Jul 2018
$-18.02 B
$-16.60 B
Jun 2018
$-16.60 B
$-14.62 B
May 2018
$-14.62 B
$-13.72 B
Apr 2018
$-13.72 B
$-13.69 B
Mar 2018
$-13.69 B
$-11.98 B
Feb 2018
$-11.98 B
$-16.30 B
Jan 2018
$-16.30 B
$-14.88 B
Dec 2017
$-14.88 B
$-13.83 B
Nov 2017
$-13.83 B
$-14.02 B
Oct 2017
$-14.02 B
$-8.98 B
Sep 2017
$-8.98 B
$-11.64 B
Aug 2017
$-11.64 B
$-11.45 B
Jul 2017
$-11.45 B
$-12.96 B

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