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India - Trade Balance 2004

External balance on goods and services · World Bank
$-12.7B −$8.4B from 2003 Global rank: 8th

India's trade balance was $-12.7B in 2004, decreased +$8.4B from $-4.2B in 2003. This was the 8th highest globally.

Global Ranking - 2004▾
Trade Balance by Country - 2004
RankCountryValueYoY
1st United States $-634.1B -21.5%
2nd United Kingdom $-56.4B -28.3%
3rd Spain $-39.6B -97.9%
4th Greece $-20.2B -1.2%
5th Australia $-16.5B -69.0%
6th Mexico $-15.0B -41.3%
7th Portugal $-14.9B -40.9%
8th India $-12.7B -199.1%
9th Poland $-7.3B -22.4%
10th Romania $-6.9B -52.9%
11th Serbia $-6.3B -87.2%
12th Viet Nam $-6.2B -41.8%
13th Türkiye $-5.3B -7,992.6%
14th Hungary $-4.7B -33.6%
15th Lebanon $-4.4B -6.6%
16th Bosnia and Herzegovina $-3.7B -11.5%
17th Guatemala $-3.6B -14.8%
18th Croatia $-3.6B 2.3%
19th Jordan $-3.5B -61.5%
20th Philippines $-3.3B -27.8%
21st Morocco $-3.2B -85.6%
22nd Bangladesh $-3.0B -3.0%
23rd Bulgaria $-2.9B -35.5%
24th Iraq $-2.8B -2,433.3%
25th Colombia $-2.7B 14.6%
26th Pakistan $-2.6B -619.6%
27th West Bank and Gaza $-2.5B -26.9%
28th El Salvador $-2.5B -13.6%
29th Latvia $-2.2B -50.0%
30th Azerbaijan $-2.1B -21.3%
31st Ghana $-1.9B -53.9%
32nd Sri Lanka $-1.8B -60.1%
33rd Honduras $-1.7B -42.7%
34th Albania $-1.6B -14.3%
35th Lithuania $-1.6B -46.9%
36th Senegal $-1.6B -23.5%
37th Mozambique $-1.5B 5.2%
38th Belarus $-1.5B -115.8%
39th Iran, Islamic Republic of $-1.5B 32.3%
40th Nicaragua $-1.2B -10.5%
41st North Macedonia $-1.1B -41.9%
42nd Egypt, Arab Republic of $-1.1B 48.4%
43rd Haiti $-1.0B -9.6%
44th Kenya $-1.0B -13.4%
45th Estonia $-949.8M -13.8%
46th Guam $-939.0M 8.2%
47th Nepal $-929.7M -14.3%
48th Slovak Republic $-877.4M -321.1%
49th New Caledonia $-860.3M 15.3%
50th Georgia $-860.2M -46.4%
51st Uganda $-799.2M 12.4%
52nd Israel $-793.2M 59.9%
53rd Tunisia $-788.7M 16.1%
54th Moldova $-787.6M -18.9%
55th Iceland $-775.9M -129.7%
56th Burkina Faso $-747.9M -32.3%
57th Mauritania $-677.6M -93.5%
58th Eritrea $-599.1M -12.6%
59th Armenia $-596.9M -11.4%
60th Cambodia $-571.5M 2.5%
61st Panama $-544.8M -300.4%
62nd Madagascar $-499.4M -18.0%
63rd Slovenia $-498.0M -429.4%
64th Sudan $-488.0M -18.1%
65th Mali $-414.5M -29.9%
66th Zimbabwe $-412.3M -27.1%
67th Timor-Leste $-407.2M 23.5%
68th Congo, Democratic Republic of $-399.3M 25.9%
69th Lao PDR $-384.7M -40.1%
70th Malta $-347.6M -75.2%
71st Cabo Verde $-347.4M -18.5%
72nd Togo $-342.2M -28.2%
73rd Montenegro $-333.1M -19.1%
74th South Africa $-328.8M -107.9%
75th Niger $-317.6M -36.9%
76th Rwanda $-301.2M -2.4%
77th Sierra Leone $-286.6M 26.8%
78th Tanzania $-253.2M -533.9%
79th Zambia $-232.2M 56.7%
80th Tajikistan $-225.2M -47.6%
81st Bhutan $-218.8M -39.1%
82nd Mongolia $-194.3M 21.9%
83rd Kyrgyz Republic $-192.5M -52.7%
84th Benin $-178.0M 23.1%
85th Greenland $-174.6M 4.3%
86th Costa Rica $-156.5M 54.3%
87th Micronesia, Federated States of $-151.0M -7.1%
88th Namibia $-149.8M 66.6%
89th Cameroon $-139.8M 36.1%
90th Mauritius $-119.9M -208.7%
91st Comoros $-112.6M -13.9%
92nd American Samoa $-110.0M -80.3%
93rd Faroe Islands $-103.7M 53.1%
94th Guinea-Bissau $-100.9M -28.6%
95th Gambia, The $-84.1M -158.9%
96th Tonga $-80.4M -15.4%
97th Kiribati $-80.2M -17.1%
98th Guyana $-75.6M -3.8%
99th Marshall Islands $-71.0M 4.3%
100th Aruba $-69.9M 53.4%
101st Central African Republic $-66.8M -2,527.8%
102nd Solomon Islands $-61.1M -22.3%
103rd Samoa $-58.7M -25.1%
104th Guinea $-43.3M -262.8%
105th Seychelles $-33.7M -172.3%
106th Vanuatu $-27.4M -73.7%
107th Belize $-25.4M 62.8%
108th Cyprus $-21.5M -109.7%
109th Turkmenistan $4.6M -96.1%
110th Chad $11.0M 101.2%
111th Bahamas, The $38.8M -21.5%
112th Yemen, Republic of $127.3M 171.9%
113th Dominican Republic $210.6M 785.7%
114th Cuba $279.7M 214.0%
115th Northern Mariana Islands $281.0M -18.3%
116th New Zealand $298.5M -80.8%
117th Uruguay $376.1M 0.5%
118th Bolivia, Plurinational State of $422.2M 781.7%
119th Côte d'Ivoire $508.8M -43.3%
120th Papua New Guinea $520.2M -4.4%
121st Virgin Islands (US) $685.0M 26.2%
122nd Syrian Arab Republic $698.2M 11.5%
123rd Botswana $737.2M -17.0%
124th Ecuador $747.8M 82.1%
125th Czechia $750.9M 149.4%
126th Uzbekistan $840.2M 37.8%
127th Paraguay $1.1B 7.2%
128th Congo, Republic of $1.4B 728.6%
129th Bahrain $2.2B 22.0%
130th Gabon $2.2B 43.4%
131st Peru $2.6B 992.2%
132nd Brunei Darussalam $2.6B 32.8%
133rd Oman $3.1B -15.6%
134th Angola $3.2B 249.2%
135th Kazakhstan $3.7B 123.9%
136th Macao SAR, China $4.3B 50.1%
137th Ukraine $5.0B 283.8%
138th Luxembourg $7.8B 26.9%
139th Thailand $7.8B -19.0%
140th Austria $8.9B 22.8%
141st Chile $9.4B 177.3%
142nd Libya $10.4B 64.7%
143rd Italy $10.6B 48.1%
144th Argentina $11.5B -19.4%
145th Indonesia $12.0B -30.4%
146th Qatar $12.0B 54.1%
147th Finland $12.4B 9.5%
148th Algeria $14.2B 42.2%
149th Denmark $14.2B -4.2%
150th Kuwait $14.6B 72.8%
151st Hong Kong SAR, China $14.7B 0.3%
152nd United Arab Emirates $15.5B 30.9%
153rd Puerto Rico (US) $16.2B -24.5%
154th Belgium $18.1B 6.0%
155th Brazil $22.8B 84.2%
156th Malaysia $25.4B 17.1%
157th Sweden $25.8B 44.4%
158th Korea $27.1B 154.0%
159th Ireland $27.9B 11.9%
160th France $28.0B -9.0%
161st Switzerland $28.6B 54.7%
162nd Singapore $30.3B 11.2%
163rd Norway $35.9B 20.3%
164th Canada $45.8B 31.5%
165th China $51.2B 42.9%
166th Netherlands $54.4B 30.3%
167th Saudi Arabia $69.6B 47.4%
168th Russian Federation $72.4B 48.0%
169th Japan $93.4B 28.7%
170th Germany $141.6B 54.3%
Source: World Bank (NE.RSB.GNFS.CD)

FAQ

What was India's trade balance in 2004?▾

India's trade balance in 2004 was $-12.7B. This ranked 8th globally.

How did India's trade balance change in 2004?▾

India's trade balance decreased by 199.1% in 2004 compared to 2003.

Which country had the highest trade balance in 2004?▾

Germany had the highest trade balance in 2004 at $141.6B.

What is the trade balance of India in 2004?▾

The trade balance of India in 2004 was $-12.7B. This ranked 8th globally.

How does 2004 compare to 2003 for India's trade balance?▾

India's trade balance went from $-4.2B in 2003 to $-12.7B in 2004, a 199.1% decrease.

HistorySaid - pattern alert

India matched the Export Boom Cycle pattern in 2004. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 8.1%. View full analysis →

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