In December, exports increased 36.4% over the same month the previous year to tally a total of USD 22.5 billion. The figure represented an acceleration compared to the 26.5% increase recorded in November and drove exports to a new historic high. Furthermore, the moving 3-month sum added USD 59.4 billion, exceeding the USD 56.9 pre-crisis peak reached in July 2008. Meanwhile, imports continued to moderate, dropping 11.1% over the same month the previous year to a total of USD 25.1 billion, which contrasted November's 11.2% increase. The annual decrease was mostly due to lower oil imports, which decreased 16.0% year-on-year, while non-oil imports contracted 9.0% yoy. As a result of stronger exports and weaker imports, the trade deficit fell markedly from USD 8.9 billion in November to USD 2.6 billion in December. In the last twelve months, exports totaled USD 211 billion, thus exceeding the government's target of USD 200 billion set for the current fiscal year, which will end in March 2011.
India Trade Balance
Exports soar in December to new historic high
February 1, 2011
Looking for forecasts related to Trade Balance in India? Download a sample report now.
India Economic News
October 17, 2016
Recently-released data related to India’s external sector showed that the trade deficit totaled USD 8.3 billion in September, which was a smaller shortfall than the USD 10.2 billion gap recorded in September 2015 (August 2016: USD 7.7 billion deficit).
October 15, 2016
In September, consumer prices fell 0.23% from the previous month, which followed August’s flat growth.
October 12, 2016
The fall in industrial production moderated in August, after recording the largest contraction since November 2015 in July.
October 5, 2016
Activity in India’s manufacturing sector lost steam in September.
October 4, 2016
The newly facelifted Reserve Bank of India (RBI) decided to ease monetary policy at a scheduled meeting on 4 October, cutting the repurchase rate from 6.50% to 6.25%—an over five-year low.