India: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 India

Trade balance as percent of GDP

 Latest value -4.47
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average -1.92
 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 -1.92 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.
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* indicates monthly or quarterly data series


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

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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