India - Handelsbalanse

India's trade deficit narrowed to USD 12.12 billion in November 2019 from USD 17.58 billion in the same month a year ago, as imports slumped 12.71 percent to USD 38.11 billion dragged by transport equipment (-48.53 percent), coal, coke & briquettes (-23.21 percent), organic & inorganic chemicals (-21.07 percent), petroleum, crude & products (-18.17 percent), electronic goods (-3.98 percent). Meanwhile, exports fell 0.34 percent to USD 25.98 billion, despite increases in sales of electronic goods (46.13 percent), drugs & pharmaceuticals (20.60 percent), marine products (9.03 percent), engineering goods (6.32 percent), and organic & inorganic chemicals (2.55 percent). In April-November, the trade deficit narrowed sharply to USD 106.84 billion from USD 133.74 billion to the same period in the previous fiscal year.

The trade gap in India narrowed to USD 11.01 billion in October of 2019 from an upwardly revised USD 18 billion gap a year earlier and below market forecasts of USD 12.05 billion. Imports slumped 16.3% year-on-year to USD 37.39 billion, mainly due to lower purchases of petroleum and crude products (-31.7%); electronic goods (-8.5%); machinery (-0.5%); and transport equipment (-14.7%). On the other hand, imports increased for gold (4.7%). Exports declined 1.1% year-on-year to USD 26.38 billion, mainly due to lower shipments of petroleum products (-14.6%); RMG of all textiles (-2.1%); cotton yarn and products (-6.1%); and plastic and linoleum (-11%). On the other hand, sales went up for engineering goods (1.2%); gems and jewellery (6%); chemicals (0.9%); drugs and pharmaceuticals (12.6%); and electronic goods (38.4%). Considering April-October 2019-20, the trade gap fell to USD 94.72 billion from USD 116.15 billion in the same period of the previous fiscal year.

India's trade deficit narrowed to USD 10.86 billion in September 2019 from USD 14.95 billion in the corresponding month of 2018 and below market consensus of USD 12.85 billion. Merchandise exports dropped 6.57 percent to USD 26.03 billion, mostly due to lower sales of gems & jewellery (-5.56%); engineering goods (-6.2%) and petroleum products(-18.6%). In contrast, major commodity groups posted positive growth: electronic goods (33.11%); spices (28.44%); mica, coal & other ores, minerals (16.67%); and ceramic products & glassware (11.1%). Meantime, imports fell 13.85 percent to USD 36.89 billion, as purchases went down for coal, coke & briquettes (-23.96%); petroleum, crude & products (-18.33%); pearls, precious & semi-precious stones (-17.34%) and organic & inorganic chemicals (-16.21%). Considering April-September 2019-20, the trade gap fell to USD 44.95 billion from USD 60.16 billion in the same period of the previous fiscal year.

India's trade deficit narrowed to USD 13.45 billion in August 2019 from USD 17.92 billion in the same month last year and below market expectations of USD 13.60 billion. Merchandise exports fell 6.05 percent to USD 26.13 billion, due mainly to a 12.29 percent slump in sales of gems and jewellery. Meanwhile, major commodity groups posted positive growth: iron ore (356.66 percent); electronic goods (45.89 percent); spices (35.35 percent); marine products (5.28 percent); and mica, coal & other ores, minerals (2.24 percent). Meanwhile, imports tumbled 13.45 percent to USD 39.58 billion as purchases fell for coal, coke & briquettes (-23.75 percent), organic & inorganic chemicals (-14.95 percent), petroleum, crude & products (-8.90 percent), machinery, electrical & non-electrical (-8.80 percent) and electronic goods (-4.12 percent). Considering April-August 2019-20, the trade deficit narrowed to USD 72.85 billion from USD 83.19 billion in the same period of the previous fiscal year.

India's trade deficit narrowed to USD 13.43 billion in July 2019 from USD 18.63 billion in the same month last year and below market expectations of USD 15.70 billion. Merchandise exports rose 2.25 percent to USD 26.33 billion, led by increases in sales of electronic goods (51.39 percent), drugs & pharmaceuticals (21.74 percent), organic & inorganic chemicals (13.45 percent), RMG of all textiles (7.06 percent), and marine products (3.30 percent). Meanwhile, imports were down 10.43 percent to USD 39.76 billion as purchases fell for pearls, precious & semi-precious stones (-31.02 percent), petroleum, crude & products (-22.15 percent), organic & inorganic chemicals (-7.01 percent), electronic goods (-1.70 percent), and coal, coke & briquettes (-0.54 percent). Considering April-July 2019-20, the trade deficit narrowed to USD 59.39 billion from USD 65.27 billion in the same period of the previous fiscal year.

India's trade deficit narrowed to USD 15.28 billion in June 2019 from USD 16.60 billion in the same month last year and below market expectations of USD 15.64 billion. Merchandise exports plunged 9.71 percent to USD 25.01 billion, led by decreases in sales of petroleum products (-32.85 percent), gems, jewellery (-10.67 percent), rice (-28.05 percent), and engineering goods (-2.65 percent). Meanwhile, imports were down 9.06 percent to USD 40.29 billion as purchases fell for pearls, precious & semi-precious stones (-23.64 percent), petroleum products (-13.33 percent), machinery, electrical & non-electrical (-9.03 percent), coal, coke & briquettes (-3.44 percent), and electronic goods (-1.66 percent). Considering April-June 2019-20, the trade deficit widened to USD 45.96 billion from USD 44.94 billion in the same period of the previous fiscal year.