India Trade

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India: Exports' healthy pace of expansion continues in June

July 17, 2014

The trade deficit totaled USD 11.8 billion in June, which was smaller than the USD 12.2 shortfall recorded in the same month last year. In the 12 months up to June, the trade deficit totaled USD 121.5 billion, which marked an improvement over the USD 121.9 billion shortfall seen in the 12 months up to May and represented the smallest shortfall since April 2011.

Exports expanded at a healthy 11.3% in June, which was a tad below the 12.4% rise seen in May. Imports rebounded in June and expanded at a strong 6.1% (May: -11.4% year-on-year), which marked the strongest expansion since April 2013.

FocusEconomics Consensus Forecast panelists expect exports to increase 8.6% in FY 2014/2015, reaching USD 340 billion. In FY 2015/2016, the panel sees exports expanding 11.6% and reaching USD 379 billion.


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India Trade Chart


India Trade12m June 2014

Note: 12-month sum of trade balance in USD billion and annual variation of the 12-sum of exports and imports in %.
Source: Ministry of Commerce and Industry and FocusEconomics calculations.


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