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India Trade Balance 1960-2024

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
  • India trade balance for 2023 was $-73.51B, a 38.5% decline from 2022.
  • 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.
  
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Indonesia $29.86B
Angola $11.19B
Cambodia $10.41B
Republic of Congo $2.69B
Mongolia $1.75B
Zambia $0.47B
Sudan $0.13B
Djibouti $-0.18B
Micronesia $-0.18B
Kiribati $-0.24B
Cabo Verde $-0.37B
Ghana $-0.74B
Mauritania $-0.84B
Cameroon $-0.96B
Sri Lanka $-1.26B
Bolivia $-1.97B
Georgia $-2.30B
Nicaragua $-2.37B
Kosovo $-3.21B
Tunisia $-3.39B
Moldova $-3.98B
El Salvador $-6.35B
West Bank and Gaza $-8.22B
Honduras $-8.23B
Egypt $-8.86B
Kenya $-9.39B
Morocco $-11.72B
Uzbekistan $-17.27B
Bangladesh $-20.42B
Pakistan $-24.80B
Ukraine $-37.41B
Philippines $-61.59B
India $-73.51B
India Trade Balance - Historical Data
Year Billions of US $ % of GDP
2023 $-73.51B -2.07%
2022 $-119.53B -3.56%
2021 $-83.13B -2.62%
2020 $-10.52B -0.39%
2019 $-73.07B -2.58%
2018 $-101.67B -3.76%
2017 $-83.76B -3.16%
2016 $-40.53B -1.77%
2015 $-48.31B -2.30%
2014 $-60.89B -2.99%
2013 $-55.38B -2.98%
2012 $-122.91B -6.72%
2011 $-119.28B -6.54%
2010 $-74.62B -4.45%
2009 $-73.43B -5.47%
2008 $-62.02B -5.17%
2007 $-49.73B -4.09%
2006 $-29.98B -3.19%
2005 $-22.90B -2.79%
2004 $-12.66B -1.79%
2003 $-4.23B -0.70%
2002 $-5.05B -0.98%
2001 $-4.25B -0.88%
2000 $-4.25B -0.91%
1999 $-8.77B -1.91%
1998 $-7.01B -1.66%
1997 $-5.15B -1.24%
1996 $-4.55B -1.16%
1995 $-4.25B -1.18%
1994 $-0.99B -0.30%
1993 $0.05B 0.02%
1992 $-2.15B -0.75%
1991 $0.00B 0.00%
1990 $-4.49B -1.40%
1989 $-3.36B -1.14%
1988 $-4.21B -1.42%
1987 $-3.84B -1.38%
1986 $-4.55B -1.83%
1985 $-5.56B -2.39%
1984 $-3.06B -1.44%
1983 $-4.40B -2.02%
1982 $-4.33B -2.16%
1981 $-5.10B -2.64%
1980 $-5.79B -3.11%
1979 $-2.17B -1.42%
1978 $-0.38B -0.27%
1977 $0.14B 0.12%
1976 $0.59B 0.57%
1975 $-0.98B -1.00%
1974 $-1.18B -1.19%
1973 $-0.44B -0.51%
1972 $0.23B 0.32%
1971 $-0.23B -0.34%
1970 $-0.06B -0.10%
1969 $-0.19B -0.32%
1968 $-0.48B -0.90%
1967 $-0.96B -1.91%
1966 $-1.15B -2.53%
1965 $-1.13B -1.90%
1964 $-1.11B -1.96%
1963 $-0.79B -1.63%
1962 $-0.79B -1.86%
1961 $-0.65B -1.65%
1960 $-0.88B -2.37%