{
 "name": "India Merchandise Trade Balance (Exports, Imports, Trade Deficit)",
 "unit": "USD billion per year (approximate, rounded)",
 "exports_usd_bn_approx": 440,
 "imports_usd_bn_approx": 680,
 "trade_balance_usd_bn_approx": -240,
 "trend_usd_bn_approx": [
  {
   "fy": "FY 2021-22",
   "exports": 422,
   "imports": 613,
   "trade_balance": -191
  },
  {
   "fy": "FY 2022-23",
   "exports": 451,
   "imports": 716,
   "trade_balance": -265
  },
  {
   "fy": "FY 2023-24",
   "exports": 437,
   "imports": 678,
   "trade_balance": -241
  },
  {
   "fy": "FY 2024-25 (approx)",
   "exports": 440,
   "imports": 680,
   "trade_balance": -240
  }
 ],
 "dashboard": "https://bankpulse.ai/dashboards/trade-balance/",
 "source": "RBI / DBIE external-sector (merchandise trade), originally DGCI&S, rbi.org.in",
 "reviewed_by": "Vikram Jain",
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "updated": "2026-06-19T04:02:09+05:30",
 "dateModified": "2026-06-19T04:02:09+05:30",
 "note": "Approximate, illustrative recent annual magnitudes, rounded. Negative trade balance = goods trade deficit. See RBI / Ministry of Commerce for exact latest figures."
}