Merchandise Trade — Balance
External Sector · Reserve Bank of India (RBI) — rbi.org.in · data as of 2025-03-31
Latest value
- Merchandise Trade — Balance: -$282.8 Bn
- As of: 2025-03-31
What it measures
India's annual merchandise trade balance — the value of goods exported minus goods imported (fiscal year, End-March) — where a negative figure is a trade deficit.
How it is calculated
RBI compiles the Total (Oil + Non-Oil) merchandise Exports and Imports from customs/balance-of-payments data for each fiscal year and publishes their difference as the Trade Balance.
Release and revisions
Published: Annual
Annual, fiscal-year figure published after fiscal year close
Revisions: Published annually for the fiscal year (April–March); provisional monthly trade data from DGCI&S is reconciled and finalized by RBI in its annual series.
Source: Reserve Bank of India (RBI); underlying customs data from DGCI&S, Ministry of Commerce & Industry