India Trade Deficit

India's trade deficit with China may reach $106 billion in 2025: GTRI

India's trade deficit with China is expected to reach USD 106 billion in 2025 as imports are rising faster than the country's exports to the neighbouring country, think tank GTRI said on Friday. It said that the country's exports to China fell from USD 23 billion in 2021 to USD 15.2 billion in 2022, stayed low at USD 14.5 billion in 2023, and then edged up to USD 15.1 billion in 2024. In 2025, exports are estimated to improve to USD 17.5 billion, still well below earlier levels, the Global Trade Research Initiative (GTRI) said in its report. On the other hand, imports from the neighbouring country have climbed much faster - from USD 87.7 billion in 2021 to USD 102.6 billion in 2022, USD 91.8 billion in 2023 and USD 109.6 billion in 2024. This calendar year, the country's inbound shipments are estimated at USD 123.5 billion. "This has pushed India's trade deficit (difference between imports and exports) with China from USD 64.7 billion in 2021 to USD 94.5 billion in 2024, and an ..

Best of BS Opinion: Trade data should not distract from US trade deal

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Exports jump 23% at $38.13 billion in November, imports down 1.88%

Exports during April-November were up 2.62 per cent to $292.07 billion, while imports during the eight months rose by 5.59 per cent to $515.21 billion

Goyal urges stronger, more balanced India-Russia trade ahead of Putin visit

Ahead of President Vladimir Putin's India visit, Goyal said the country must boost exports to Russia, noting opportunities in consumer goods, food items, automobiles and more

India's trade crossroads: Navigating global headwinds, building resilience

The challenge is not reversal but recalibration: India must redesign its external strategy even as domestic engines stay strong

200% spike in gold import drives India's trade deficit to $41.68 billion

Exports in Oct saw sharpest decline in 14 months

India bullish on resolving all free trade agreement issues with Asean

Both sides exchange fresh proposals to iron out pending issues; review of 2010 trade pact likely to conclude by year-end as India seeks to narrow trade deficit

India's exports up 6.74% in September, trade deficit stood at $32.1 bn

India's exports grew by 6.74 per cent to USD 36.38 billion in September despite global headwinds. Imports jumped 16.6 per cent to USD 68.53 billion. The country's trade deficit stood at USD 32.1 billion during the month. Imports surged due to the increase in imports of gold, silver, fertiliser and electronics. In April-September this fiscal, exports increased by 3.02 per cent to USD 220.12 billion. Imports rose 4.53 per cent to USD 375.11 billion, the commerce ministry data showed.

India's trade deficit widens to eight-month high of $27.35 billion in July

India's trade deficit hit an eight-month high in July as imports grew faster than exports; government eyes FTAs and export promotion to boost competitiveness

India's exports flat at $35.14 bn in June; trade gap at $18.78 bn

For the April-June quarter of the financial year 2025-26, exports rose 1.92 per cent to $112.17 billion, while imports increased 4.24 per cent to $179.44 billion

India's trade gap widens in 'tariff tantrum' month; exports surge 9%

Data released by the commerce department showed in the first month of FY26, exports grew 9 per cent to $38.5 billion while imports shot up by 19.1 per cent to $64.91 billion

India's trade deficit with China hits record $99.2 bn on import surge

India's exports to China fell 14.5% to $1.5 billion in March from a year earlier, with total exports dropping to $14.3 billion in the 12-months period, data showed

India's trade gap widens in March as Trump roils markets with tariff war

The gap between exports and imports stood at $21.54 billion last month, the trade data showed Tuesday

India to drive 6% of world trade growth in 5 yrs, 3rd to US, China: Report

DHL Trade Atlas 2025 report reveals that global trade growth continues to show resilience despite geopolitical tensions and trade policy uncertainty

Taiwan can help India reduce trade deficit with China: Taiwanese dy NSA

Taiwan can help India reduce its import of electronic components from China and the best way to expand the economic engagement would be to firm up a free trade pact, Taiwanese deputy national security adviser Hsu Szu-Chien said on Thursday. In an exclusive interview to PTI, Hsu said a trade deal will pave the way for greater investment in India by Taiwanese companies in the semiconductor and other high-technology sectors as it will help to bring down the "high tariff" regime. The Taiwanese deputy national security adviser was in the national capital primarily to participate in the Raisina Dialogue, India's flagship conference on geopolitics. Hsu said there can be a match-making between technology of Taiwan and India's demographic dividends to produce high-end technology components in India that will help New Delhi cut its imports from China. It is learnt that he also held closed-door meetings with his Indian interlocutors on ways to expand the overall India-Taiwan relations. "I th

India's exports shrink 10.9% in February, the worst show in 20 months

Commerce secretary Sunil Barthwal said that although FY25 has been a difficult year, the country is moving towards achieving $800 billion in combined exports of goods and services in the current FY

India's merchandise trade deficit narrows to $14.05 billion in February

Merchandise trade deficit for March was $14.05 billion, compared with economists' forecast of $21.65 billion

In UPA decade, trade gap with China ballooned from $2 bn to $40 bn: Goyal

He noted that in the 1990s one of the biggest mistakes that countries worldwide, including India, committed was to accept China as a market economy and a member of the World Trade Organisation (WTO)

Exports contracts 2.38% in Jan, trade deficit widens to $23 billion

Merchandise exports in January stood at $36.43 billion compared with $38.01 billion in December, while imports for the month were $59.42 billion. In December, imports were at $59.95 billion

Commerce dept examining 'unusual' surge of 331% in gold imports in Nov

Trade data released on Monday showed that India's trade deficit reached a fresh high of $37.8 billion in November, driven by a surge in merchandise imports