India has trade deficit with 10 Regional Comprehensive Economic Partnership (RCEP) members India had trade deficit with as many as 10 member countries, including China, South Korea and Australia, of the RCEP grouping of 16 nations. India's Trade Balance recorded a deficit of 9.8 USD bn in Feb 2020, compared with a deficit of 15.2 USD bn in the previous month. India's Trade Balance data is updated monthly, available from Jan 1957 to Feb 2020, with an averaged value of -372.3 USD mn. The data reached an all-time high of 258.9 USD mn in Mar 1977 and a record low of -20.2 USD bn in Oct 2012. India is said to have cut trade deficit with China by $10 billion The surge in exports was mainly due to greater demand for marine products, grapes, raw cotton and plastic raw materials Bloomberg | The trade deficit of India stood at 87.17 billion USD in FY-18. Some of the reasons for this high deficit are: a) Increase in demand of foreign goods have led to increase in oil imports by 25.5%, cooking oil by 11% and electronic items by 19%(in August, 2018). India trade deficit India's trade deficit narrows by 7.98% to $15.28 billion in June, exports falls by 9.71% India's imports in June 2019 too fell 9.06 percent to USD 40.29 billion in June 2019 as compared to USD 44.30 billion in June 2018, data further showed.
According to the Ministry of Commerce and Industry, the fifteen largest trading partners of India nearly 100% of total trade deficit (136 billion US$) of India in the financial year 2013-14. of the largest trading partners of China · List of the largest trading partners of Australia · List of the largest trading partners of Canada 19 May 2019 However, deficit with Australia, China, Indonesia, Korea, New Zealand and Thailand has narrowed in 2018-19 as compared to the preceding India was Australia's eighth-largest trading partner and fifth-largest export market in 2018-19, driven by coal and international education. Two-way goods and
4 Nov 2019 India, and concerns about the mounting trade deficit with China have that blame for delays in completing trade pacts with the EU, Australia, 1 Nov 2019 There are concerns within India that a trade agreement like RCEP could their large trading partners: China, Japan, South Korea, India, Australia, India has had a "large and chronic trade deficit" with China for many years, Trade continues to be central to the Australian economy and has grown as a proportion of national In 2014, Australia had a trade deficit of 1.4 per cent of GDP, much less than the US and Japan 5, India, 2 298, 11 265, 13 574, 4.3, – 9.3. 7 Oct 2019 It is within this climate that Asian countries including Australia are trying India's trade deficit is just the flip side of its capital imports, which are 15 Aug 2019 The U.S. goods and services trade deficit with India was $25.2 billion in 2018. India is currently our 9th largest goods trading partner with $87.9 28 Sep 2019 Japan (32%), China (21%) and India (17%) are the top importers of coal briquettes from Australia. Coal is mined in every state of Australia but the 20 Jun 2006 An excess of imports over exports results in a trade deficit. in their share of total Western Australian trade included India (from 0.5% to 6.6%),
The two main destinations of exported Indian merchandises is the EU market and the USA, when the two main markets of origin are China and the EU According to the Ministry of Commerce and Industry, the fifteen largest trading partners of India represent 59.37% of total trade by India in the financial year 2015-2016. 2018 : U.S. trade in goods with India. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Table reflects only those months for which there was trade. “Trade Deficit” occurs when a country’s import of goods exceeds the export of goods. This usually happens when the country is unable to produce required exports. In the short run, trade deficit gives an idea of a “diversified domestic economy”. It India's trade deficit narrowed down on a year-on-year basis to USD 11.25 billion in December as imports witnessed a broad-based contraction of 8.8% YoY for the seventh consecutive month. The trade deficit stood at USD 14.5 billion in December 2018. A sustained fall in imports continues to remain a big worry for the Indian economy. Furthermore, adding to India's trade worries, exports continued India’s trade deficit with ASEAN and five other countries in RCEP is over $100 billion. If dairy products from Australia and New Zealand also flood the market, the domestic dairy sector will India cut its trade deficit with China by the most in more than a decade, according to people familiar with the data, as it boosted exports amid a U.S.-China trade war. India has trade deficit with 27 countries for last 3 years: Nirmala Sitharaman. India has a trade deficit with as many as 27 major countries, including China, Australia, Iraq and Iran, during the last three years. May 09, 2016, 18:47 PM IST
India’s trade deficit with ASEAN and five other countries in RCEP is over $100 billion. If dairy products from Australia and New Zealand also flood the market, the domestic dairy sector will India cut its trade deficit with China by the most in more than a decade, according to people familiar with the data, as it boosted exports amid a U.S.-China trade war.