International Merchandise Trade Statistics: Trade Balance: Commodities for India
XTNTVA01INA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-23,060,290,000,000.00
Year-over-Year Change
123.68%
Date Range
1/1/1990 - 1/1/2024
Summary
The Trade Balance: Commodities for India measures the difference between India's exports and imports of goods. It is a key indicator of India's international trade performance and economic health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Trade Balance: Commodities for India tracks the net flow of physical goods traded between India and its global trading partners. Economists and policymakers analyze this metric to assess India's trade competitiveness, currency valuation, and integration with the global economy.
Methodology
The data is collected by India's Ministry of Commerce and Industry through customs records of all goods entering and leaving the country.
Historical Context
The trade balance is closely watched by India's central bank, finance ministry, and international institutions like the IMF to inform monetary, fiscal, and trade policies.
Key Facts
- India has run a trade deficit since the 1980s.
- Manufacturing accounts for over 60% of India's merchandise exports.
- China is India's largest trading partner, with a substantial trade surplus.
FAQs
Q: What does this economic trend measure?
A: The Trade Balance: Commodities for India measures the difference between the value of physical goods India exports and imports. It is a key indicator of India's trade performance and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a vital metric for understanding India's integration with the global economy, currency valuation, and macroeconomic conditions. It informs policy decisions on trade, investment, and economic management.
Q: How is this data collected or calculated?
A: The data is collected by India's Ministry of Commerce and Industry based on customs records of all physical goods entering and leaving the country.
Q: How is this trend used in economic policy?
A: India's central bank, finance ministry, and international institutions like the IMF closely monitor the trade balance to inform monetary, fiscal, and trade policies aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The trade balance data is released on a monthly basis with a lag of several weeks. There may also be revisions to historical data as more complete information becomes available.
Related Trends
International Trade: Imports: Value (Goods): Total for India
XTIMVA01INA188S
Balance of Payments: Other Investment: Net (Assets Minus Liabilities) for India
INDB6FAOI01NCCUQ
National Accounts: Gross Domestic Product for India
INDNGDPDUSD
Geographical Outreach: Number of Credit Unions and Financial Cooperatives for India
INDFCIODUNUM
Use of Financial Services, Assets: Outstanding Loans at Other Financial Intermediaries for India
INDFCSMXDC
Use of Financial Services: Number of Loan Accounts at Commercial Banks for India
INDFCNODCNUM
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for India (XTNTVA01INA664N), retrieved from FRED.