India balance of trade

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India balance of trade: -27.1 (30.29%)
Last Update: October 31, 2024

India balance of trade closed down -27.1 as of October 31, 2024 from -20.8 from the previous month and -31.46 from last year.


India balance of trade Analytics & Data




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India balance of trade

Date Values
2024-10-31 -27.1
2024-09-30 -20.8
2024-08-31 -29.7
2024-07-31 -23.5
2024-06-30 -21
2024-05-31 -23.8
2024-04-30 -19.1
2024-03-31 -15.6
2024-02-29 -18.7
2024-01-31 -17.5
2023-12-31 -19.8
2023-11-30 -20.58
2023-10-31 -31.46
2023-09-30 -19.37
2023-08-31 -24.2
2023-07-31 -20.67
2023-06-30 -20.13
2023-05-31 -22.02
2023-04-30 -15.45
2023-03-31 -18.12
2023-02-28 -16.16
2023-01-31 -16.45
2022-12-31 -23.15
2022-11-30 -22.06

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India balance of trade Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade in.balanceoftrade -27.1 -20.8 30 -14 Down UP 45 2024-10-31

India balance of trade Quantitative Analysis, Charts & Factors

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India balance of trade Historical Data

The MacroVar database offers free access to historical data for the India balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of India balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the India balance of trade

India's balance of trade refers to the difference between the value of goods and services that a country exports and the value of goods and services that it imports. A positive balance of trade occurs when a country exports more than it imports, leading to a surplus in its trade accounts. In contrast, a negative balance of trade, or trade deficit, occurs when a country imports more than it exports, leading to a deficit in its trade accounts. India has typically had a negative balance of trade, importing more goods and services than it exports. This has implications for the country's economy, as it may lead to a depletion of foreign exchange reserves and put pressure on the domestic currency. Efforts to improve India's balance of trade include increasing exports, reducing imports, and promoting domestic industries.

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