For that indicator, we provide data for India from 1960 to 2022. The average value for India during that period was -1.92 percent with a minimum of -6.72 percent in 2012 and a maximum of 0.57 percent in 1976.
The latest value from 2022 is -4.47 percent. For comparison, the world average in 2022 based on 133
countries is -4.84 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The trade balance for India and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).