Trade Deficit

India's exports to Germany and China have gained ground, but America’s share has risen to nearly 22% of India’s outbound shipments.

India’s goods trade deficit widens to $27 billion in July

On a year-on-year basis too, the merchandise deficit recorded last month was larger compared to $23.5 billion in July 2024

Goods trade deficit narrows to a four-month low of $18.78 billion in June

Merchandise exports fell marginally on-year to $35.14 billion in June, while imports dropped to $53.92 billion

US trade deficit actually shrank with 8 of 21 tariff-hit nations

The US’ goods trade deficit with these countries had already started narrowing in 2024 over the year prior. Showing Trump’s tariffs are not all about deficits.

US merchandise-trade deficit unexpectedly widens on exports drop

The shortfall in goods trade grew 11.1% to $96.6 billion, Commerce Department data showed Thursday.

Trade deficit narrows to $21.88 billion in May, shows Commerce Ministry data

On a year-on-year basis, the trade gap in goods in the previous month shrunk versus $22.09 billion in May 2024.

India's CPI to CAD in safe zone till Iran-Israel conflict remains contained, say experts

While oil prices are rising in reaction to the escalating conflict between Israel and Iran, for India - a net importer of crude - the key to any macroeconomic fallout depends on how much the current skirmish expends across the middle east.

US trade deficit at $61.6 billion in April, drops 56% from March; down 18% with India

The trade deficit stood at $138.3 billion in the previous month

India's goods trade deficit widens to $26 billion in April, exports up 9%

On a year-on-year basis, the trade gap in goods in the previous month was wider as well compared to $19.2 billion in April 2024

India’s trade deficit widens to $21.54 billion in March

On a year-on-year basis, the trade gap in goods in the previous month was wider as well compared to $15.34 in March 2024.

Trump's tariffs could bring scale to India’s solar manufacturing, even as fear of dumping looms

Trump's 26 percent reciprocal tariff will immediately slow down Indian solar exports to the US, but it will make the sector more globally competitive while also affording the opportunity to explore other global markets. The government will need to address fears of dumping by the Chinese manufacturers.

US imagines a new Weapon of Mass Destruction: Trade Deficit

Over two decades after George W. Bush authorised the invasion of Iraq over the fear of WMDs, which unleashed forces that still threaten many, another American president has launched a new war. Donald Trump’s sweeping new tariff regime will ignite a trade war with consequences that cannot be foreseen. Even this war is based on misrepresentation, this time of economic data

India’s current account deficit remains unchanged at 1.1% of GDP in Q3FY25

India’s merchandise imports grew 6 percent in the third quarter to $186.7 billion, but a pick in demand helped exports rise to $109 billion and bring down goods trade deficit

Trade Winds Shift: India’s services strength masks export concerns

India posted an overall trade surplus in February 2025, driven by a robust surplus in services trade that offset a merchandise trade deficit. While this provides some relief amid global trade uncertainties, weak merchandise exports, looming US tariffs and rising imports from China highlight lingering concerns in India’s trade landscape

Trump tariffs: India engaging with stakeholders to identify areas of gains, challenges

On the proposed trade agreement between India and US, Commerce Secretary said that all measures to raise trade between India and US to $500 billion by 2030 will be discussed while the proposed Bilateral Trade Agreement (BTA) between the two is expected be multisectoral.

India’s goods trade deficit narrows to $14.05 bn in February, lowest since August 2021

On a year-on-year basis too, the trade gap in goods was narrower compared to $19.51 in February 2024.

India's January merchandise trade deficit widens to $23 billion

On a year-on-year basis, the trade deficit in goods was again wider in January versus the revised figure of $16.56 billion in the same month of the last fiscal year

Over 100 countries secure from reciprocal tariffs as they run trade deficit with US

While the US had a merchandise trade surplus with 125 out of 222 nations in 2012, the number declined to 116 when Trump entered office for the first term.

India's goods trade deficit narrows to 3-month low of $21.94 bn in December

However, the trade deficit in goods was wider on-year for December 2024 versus $18.76 billion during the same month last fiscal.

Double-counting of shipments inflated gold imports, says commerce ministry

On noticing unusual surge in imports of precious metals, the Centre conducted a reconciliation exercise wherein it was observed that due to migration of data pertaining to SEZs (special economic zones) to the ICEGATE (Indian Customs EDI Gateway) system, figures of precious metals needed revision, the commerce ministry said.

India's April-November gold import data revised downwards by $11.7 billion

The government has revised its gold import estimate to $37.38 billion from $49.06 billion, trade statistics department data showed.

Govt must explain huge revision in November gold import data, says GTRI

The government must proactively review trade data to ensure that this is an isolated case and not indicative of a broader data accuracy problem, GTRI's founder Srivastava said.

November's 'unusual' gold import that pushed up trade deficit revised lower by 34% to $9.84 billion

The surge in gold import that widened India’s trade deficit to a record in November and pushed Rupee to an all-time low was reportedly due to an error in calculation.

Current account deficit narrows marginally to 1.2% of GDP in Q2FY25

However, during the first half of the current fiscal (April-September), the current account deficit remained flat at 1.2 percent or $21.4 billion on a year-on-year basis.

Imports from China used to push up exports from India, says MoS Commerce Jitin Prasada

Prasada added that a fall in commodity prices of petroleum, coal, and others have also contributed to muted merchandise exports in value terms in the current fiscal so far.