India: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 India

Trade balance as percent of GDP

 Latest value -3.66
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average -1.90
 Min - Max -6.72 - 0.57
 Source The World Bank
For that indicator, we provide data for India from 1960 to 2022. The average value for India during that period was -1.9 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 -3.66 percent. For comparison, the world average in 2022 based on 149 countries is -4.42 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
India - Trade balance, percent of GDP - Recent values chart

Historical chart
India - Trade balance, percent of GDP - historical chart - 1960-2022




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).

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The Balance of Payments: the current and financial accounts



 Related indicators Latest value Reference Measure
 Terms of trade 90.74 2021 percent
 Trade openness 49.23 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 22.79 2022 percent
 Exports, billion dollars 778.55 2022 billion U.S. dollars
 Growth of exports 13.57 2022 percent
 Imports, percent of GDP 26.44 2022 percent
 Imports, billion dollars 903.46 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.46 2022 percent
 Foreign Direct Investment, billion dollars 49.94 2022 billion U.S. dollars
 Portfolio investment inflows, equities -16,572.09 2022 million dollars (current)
 Current account, percent of GDP -2.70 2022 percent
 Current account, in dollars -79.05 2022 billion U.S. dollars
 Trade balance, percent of GDP -3.66 2022 percent
 Trade balance, in dollars -134.66 2022 billion U.S. dollars
 Reserves 567.30 2022 billion U.S. dollars
 Remittances, percent of GDP 3.26 2022 percent
 Remittances 111,221.78 2022 million U.S. dollars
 Net errors and omissions -2,311.51 2022 million USD
 External debt 18.42 2022 percent
 Short-term external debt 20.94 2022 percent
 Short-term debt to reserves 22.77 2022 percent
 Foreign exchange reserves 48,983.36 9/2023 billion
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