Argentina: Merchandise exports rise at a softer rate in June
Merchandise exports jumped 21.7% year-on-year in June, following May’s 22.2% rise, largely thanks to a normalization of agricultural activity after...
Merchandise Trade Balance in India
The merchandise trade balance in India averaged USD -157 billion in the decade to 2022. The 2022 reading was USD -272 billion. For more trade information, visit our dedicated page.
India Trade Chart
Note: This chart displays Trade Balance (USD billion) for India from 2019 to 2018.
Source: Macrobond.
India Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | -161 | -103 | -191 | -265 | -238 |
Merchandise exports increase at a slower rate in June
Merchandise exports climbed 2.6% year on year in June (May: +9.1% yoy). Meanwhile, merchandise imports rose 5.0% on an annual basis in June (May: +7.7% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 21.0 billion shortfall in June (May 2024: USD 23.8 billion deficit; June 2023: USD 19.2 billion deficit). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 245.9 billion deficit in June, compared to the USD 244.1 billion deficit in May.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indian trade projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Indian trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indian trade projections.
Want to get access to the full dataset of Indian trade forecasts? Send an email to info@focus-economics.com.
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