2017 Economic Calendar
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India : Merchandise Trade Balance  
Released On 3/15/2017 For Feb, 2017
PriorActual
Balance$-9.84 B$-8.90 B
Exports Y/Y4.3 %17.5 %
Imports Y/Y10.7 %21.8 %

Highlights
The trade deficit weighed in at $8.90 billion in February, down from $9.84 billion in January but up from $6.57 billion posted a year ago.

Exports had a much better month and annual growth jumped from 4.3 percent to fully 17.5 percent. Excluding petroleum, non-gem exports were 20.2 percent above their level a year ago. Imports similarly picked up sharply, growth here reaching 21.8 percent after a 10.7 percent rate at the start of the year. However, much of the acceleration here was attributable to oil where purchases were up some 60.0 percent. Non-oil import growth was more subdued at 13.7 percent.

Overall, the trend in the trade balance looks to be moving in the right direction with the cumulative red ink over the first eleven months of the fiscal year sliding 24.0 percent to $95.3 billion from the same period a year ago.

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
 


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