India - Trade Balance 2024
$-90.9B
−$14.7B from 2023
India's trade balance was $-90.9B in 2024, decreased +$14.7B from $-76.2B in 2023. This was the 2nd highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | United States | $-909.6B | -14.1% |
| 2nd | India | $-90.9B | -19.3% |
| 3rd | Philippines | $-66.2B | -7.1% |
| 4th | Ukraine | $-36.1B | 4.7% |
| 5th | Japan | $-35.0B | 42.6% |
| 6th | United Kingdom | $-32.1B | 19.6% |
| 7th | Egypt, Arab Republic of | $-26.6B | -200.7% |
| 8th | Bangladesh | $-26.4B | -29.1% |
| 9th | Pakistan | $-25.3B | -0.3% |
| 10th | Iran, Islamic Republic of | $-23.6B | -232.3% |
| 11th | Romania | $-23.0B | -35.3% |
| 12th | Mexico | $-21.9B | 15.3% |
| 13th | Colombia | $-20.2B | -16.8% |
| 14th | Guatemala | $-17.6B | -11.9% |
| 15th | Uzbekistan | $-17.5B | 1.4% |
| 16th | Greece | $-14.2B | -22.2% |
| 17th | Morocco | $-13.2B | -8.8% |
| 18th | Nepal | $-10.9B | 4.1% |
| 19th | France | $-10.4B | 80.2% |
| 20th | Honduras | $-8.9B | -7.8% |
| 21st | Somalia, Fed. Rep. | $-8.1B | -25.2% |
| 22nd | Dominican Republic | $-7.8B | 10.4% |
| 23rd | Jordan | $-7.7B | -13.4% |
| 24th | Kenya | $-7.3B | 7.5% |
| 25th | Kyrgyz Republic | $-7.1B | 19.9% |
| 26th | El Salvador | $-6.8B | -5.7% |
| 27th | Senegal | $-6.2B | 20.4% |
| 28th | Canada | $-5.9B | -501.7% |
| 29th | West Bank and Gaza | $-5.4B | 31.6% |
| 30th | Uganda | $-4.9B | 0.4% |
| 31st | Moldova | $-4.7B | -18.4% |
| 32nd | Croatia | $-4.3B | -134.6% |
| 33rd | New Zealand | $-4.2B | 44.7% |
| 34th | Serbia | $-4.1B | -16.2% |
| 35th | Bosnia and Herzegovina | $-4.0B | -22.3% |
| 36th | Haiti | $-3.9B | 3.0% |
| 37th | Guinea | $-3.7B | -121.2% |
| 38th | Namibia | $-3.5B | -20.7% |
| 39th | Nicaragua | $-3.5B | -46.3% |
| 40th | Kosovo | $-3.4B | -5.6% |
| 41st | Tunisia | $-3.2B | -10.8% |
| 42nd | Botswana | $-3.2B | -279.0% |
| 43rd | Georgia | $-2.7B | -0.9% |
| 44th | Sri Lanka | $-2.6B | -43.8% |
| 45th | Belgium | $-2.6B | -10.3% |
| 46th | Mozambique | $-2.3B | 26.8% |
| 47th | Bolivia, Plurinational State of | $-2.3B | 10.3% |
| 48th | Zimbabwe | $-2.2B | -3.0% |
| 49th | North Macedonia | $-2.2B | -6.6% |
| 50th | Congo, Democratic Republic of | $-2.2B | -17.6% |
| 51st | Albania | $-1.9B | -43.7% |
| 52nd | Montenegro | $-1.9B | -32.4% |
| 53rd | French Polynesia | $-1.8B | -21.8% |
| 54th | Mauritius | $-1.7B | -28.7% |
| 55th | Cameroon | $-1.6B | 20.3% |
| 56th | Madagascar | $-1.5B | -30.2% |
| 57th | Tanzania | $-1.5B | 51.6% |
| 58th | New Caledonia | $-1.5B | 16.3% |
| 59th | Timor-Leste | $-1.4B | -53.4% |
| 60th | Belarus | $-1.4B | -500.2% |
| 61st | Mali | $-1.3B | 35.9% |
| 62nd | Rwanda | $-1.2B | 44.5% |
| 63rd | Mauritania | $-1.2B | 28.6% |
| 64th | Algeria | $-1.2B | -112.2% |
| 65th | Paraguay | $-1.1B | -245.3% |
| 66th | Burkina Faso | $-783.2M | 25.9% |
| 67th | Armenia | $-730.4M | -115.4% |
| 68th | Latvia | $-696.4M | 55.6% |
| 69th | Benin | $-635.8M | 30.6% |
| 70th | Gambia, The | $-593.4M | 3.7% |
| 71st | Bahamas, The | $-581.9M | -311.2% |
| 72nd | Solomon Islands | $-478.6M | -11.0% |
| 73rd | Central African Republic | $-451.7M | -21.1% |
| 74th | Sierra Leone | $-419.3M | 51.1% |
| 75th | Seychelles | $-390.8M | -27.5% |
| 76th | Comoros | $-353.8M | -6.8% |
| 77th | Iceland | $-353.6M | -225.9% |
| 78th | Slovak Republic | $-346.4M | -116.2% |
| 79th | Guinea-Bissau | $-335.2M | -12.1% |
| 80th | Cambodia | $-333.7M | -87.0% |
| 81st | Cabo Verde | $-313.6M | 24.0% |
| 82nd | Sudan | $-275.0M | -167.6% |
| 83rd | Mongolia | $-241.6M | -112.3% |
| 84th | Samoa | $-214.1M | 27.9% |
| 85th | Micronesia, Federated States of | $-210.0M | -11.7% |
| 86th | Marshall Islands | $-115.1M | -5.6% |
| 87th | Nauru | $-89.8M | -3.9% |
| 88th | Maldives | $-3.2M | 96.2% |
| 89th | Eswatini | $1.5M | 101.2% |
| 90th | Belize | $47.2M | -55.3% |
| 91st | Estonia | $129.9M | -67.2% |
| 92nd | Faroe Islands | $136.2M | 227.9% |
| 93rd | Aruba | $325.0M | 46.6% |
| 94th | Djibouti | $481.4M | -20.8% |
| 95th | Côte d'Ivoire | $689.3M | 121.6% |
| 96th | Niger | $928.6M | 492.8% |
| 97th | Ghana | $953.4M | 239.9% |
| 98th | Finland | $1.1B | 1,483.9% |
| 99th | Equatorial Guinea | $1.2B | -13.9% |
| 100th | Cyprus | $1.4B | 91.4% |
| 101st | Zambia | $1.9B | 97.5% |
| 102nd | Congo, Republic of | $1.9B | -27.8% |
| 103rd | Chad | $2.3B | 9.5% |
| 104th | Brunei Darussalam | $2.4B | -2.0% |
| 105th | Bermuda | $2.7B | 16.1% |
| 106th | Bulgaria | $2.8B | -32.2% |
| 107th | Turkmenistan | $3.3B | -21.6% |
| 108th | Uruguay | $4.1B | 55.8% |
| 109th | Ecuador | $4.2B | 2,473.9% |
| 110th | Panama | $4.4B | 78.9% |
| 111th | Lithuania | $4.4B | 41.1% |
| 112th | Slovenia | $4.5B | -3.1% |
| 113th | Malta | $4.7B | 15.0% |
| 114th | Costa Rica | $5.5B | 17.9% |
| 115th | Portugal | $5.8B | 68.4% |
| 116th | Brazil | $6.4B | -87.2% |
| 117th | Azerbaijan | $6.8B | -35.3% |
| 118th | Türkiye | $7.3B | 134.5% |
| 119th | Libya | $7.3B | 11.6% |
| 120th | Gabon | $7.8B | 11.2% |
| 121st | South Africa | $7.8B | 146.1% |
| 122nd | Bahrain | $8.3B | 3.6% |
| 123rd | Hungary | $9.5B | 9.4% |
| 124th | Puerto Rico (US) | $11.5B | 72.5% |
| 125th | Chile | $11.8B | 293.4% |
| 126th | Iraq | $12.0B | -54.3% |
| 127th | Angola | $12.2B | -1.7% |
| 128th | Israel | $13.1B | -9.9% |
| 129th | Austria | $13.5B | 43.9% |
| 130th | Peru | $16.2B | 74.0% |
| 131st | Argentina | $16.4B | 344.7% |
| 132nd | Sweden | $16.5B | 2.9% |
| 133rd | Hong Kong SAR, China | $16.6B | 642.0% |
| 134th | Kazakhstan | $17.5B | -3.9% |
| 135th | Thailand | $17.7B | 65.7% |
| 136th | Oman | $18.5B | 4.3% |
| 137th | Macao SAR, China | $20.9B | 17.7% |
| 138th | Czechia | $21.7B | 28.0% |
| 139th | Malaysia | $22.5B | 17.9% |
| 140th | Indonesia | $25.0B | -15.9% |
| 141st | Luxembourg | $29.7B | 3.8% |
| 142nd | Viet Nam | $30.7B | -12.8% |
| 143rd | Poland | $36.7B | -21.2% |
| 144th | Australia | $36.9B | -51.2% |
| 145th | Denmark | $43.5B | 19.3% |
| 146th | Saudi Arabia | $43.9B | -43.0% |
| 147th | Italy | $52.1B | 44.4% |
| 148th | Norway | $65.9B | -11.8% |
| 149th | Spain | $71.8B | 15.6% |
| 150th | Korea | $76.4B | 975.9% |
| 151st | Russian Federation | $94.0B | 9.3% |
| 152nd | Switzerland | $95.7B | -5.7% |
| 153rd | Netherlands | $134.0B | 18.7% |
| 154th | Germany | $177.0B | -2.3% |
| 155th | Singapore | $192.6B | 1.8% |
| 156th | Ireland | $254.6B | 34.4% |
| 157th | China | $533.7B | 39.1% |
FAQ
What was India's trade balance in 2024?▾
India's trade balance in 2024 was $-90.9B. This ranked 2nd globally.
How did India's trade balance change in 2024?▾
India's trade balance decreased by 19.3% in 2024 compared to 2023.
Which country had the highest trade balance in 2024?▾
China had the highest trade balance in 2024 at $533.7B.
What is the trade balance of India in 2024?▾
The trade balance of India in 2024 was $-90.9B. This ranked 2nd globally.
How does 2024 compare to 2023 for India's trade balance?▾
India's trade balance went from $-76.2B in 2023 to $-90.9B in 2024, a 19.3% decrease.
Related
2023
2025
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Full ranking 2024
Exports
Imports
Current Account Balance
FDI Inflows
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Peak: 1976
Lowest: 2012
Trade Balance 1990s
Trade Balance 2000s
Trade Balance 2010s
Trade Balance 2020s
Highest ever
Lowest ever
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vs Cambodia
vs Kyrgyz Republic
vs Bangladesh
vs Angola
G20 Trade Balance
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Global Ranking