International Merchandise Trade Statistics: Trade Balance: Commodities for India
XTNTVA01INQ664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5,753,418,000,000.00
Year-over-Year Change
19.06%
Date Range
1/1/1990 - 4/1/2025
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for India measures India's net exports of goods. This metric is a key indicator of the country'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 captures the difference between India's total exports and imports of physical goods. It provides insight into the nation's trading position and competitiveness in global markets. Economists and policymakers monitor this statistic to understand India's trade dynamics and broader economic trends.
Methodology
The data is collected and calculated by statistical agencies based on customs records and surveys of importers and exporters.
Historical Context
Trade balance figures are used to assess India's trade policies, exchange rate movements, and overall economic competitiveness.
Key Facts
- India's trade balance has fluctuated significantly in recent years.
- A positive trade balance indicates India is exporting more than importing.
- Trade data is closely watched for insights into India's economic policies.
FAQs
Q: What does this economic trend measure?
A: The International Merchandise Trade Statistics: Trade Balance: Commodities for India measures the difference between India's total exports and imports of physical goods.
Q: Why is this trend relevant for users or analysts?
A: This trade balance metric provides important insights into India's international trade performance and competitiveness, which are crucial for understanding the country's broader economic health and outlook.
Q: How is this data collected or calculated?
A: The data is collected and calculated by statistical agencies based on customs records and surveys of importers and exporters.
Q: How is this trend used in economic policy?
A: Trade balance figures are used by policymakers and economists to assess India's trade policies, exchange rate movements, and overall economic competitiveness.
Q: Are there update delays or limitations?
A: There may be some time lags in the availability of the latest trade data due to the complexities of data collection and compilation.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for India (XTNTVA01INQ664N), retrieved from FRED.