2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

India : Merchandise Trade Balance  
Released On 1/13/2017 For Dec, 2016
PriorActual
Balance$-13.01 B$-10.37 B
Exports Y/Y2.3 %5.7 %
Imports Y/Y10.4 %0.5 %

Highlights
The trade deficit narrowed in December from November's $13.01 billion to $10.37 billion, the smallest shortfall since September. Compared with a year ago, the red ink was down just over $1 billion, its first improvement in three months.

The stronger headline reflected a pick-up in annual export growth from 2.3 percent to 5.7 percent, the fourth consecutive print in positive territory. Overseas sales of engineering products rose by about 20 per cent while petroleum was up 8.2 percent and pharmaceuticals 12.5 percent. At the same time, import growth slowed from 10.4 percent to just 0.5 percent, its worst performance since a 2.5 percent contraction in September. Indeed, non-oil imports were down 3 percent, potentially warning of some cooling in domestic economic activity.

Definition
The merchandise trade balance measures the difference between imports and exports of goods. The level of the international trade balance, as well as changes in exports and imports, indicate trends in foreign trade and can offer a guide to an economy's competitiveness. Alongside the merchandise data, exports and imports of services are also provided. The statistics, which are not seasonally adjusted, are reported in both local currency and U.S. dollars, the latter being the main market focus.  Why Investors Care
 

2017 Release Schedule
Released On: 1/132/153/154/135/156/157/148/149/1510/1311/1412/15
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


powered by  [Econoday]