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

India : Merchandise Trade Balance  
Released On 11/14/2017 For Oct, 2017
PriorActual
Balance$-8.98 B$-14.02 B
Exports Y/Y25.67 %-1.12 %
Imports Y/Y18.09 %7.6 %

Highlights
India's merchandise trade deficit widened from $8.98 billion in September to $14.02 billion in October, the largest monthly deficit since late 2014. This increase in the deficit was mainly driven by sharp drop in export growth, down 1.12 percent the year in October after an increase of 25.67 percent in September. Import growth also weakened but to a lesser extent, with year-on-year growth moderating from 18.09 percent in September to 7.60 percent in October.

Services trade data are released a month after the equivalent merchandise trade data. Services exports advanced 0.23 percent on the year in September after stronger increase of 3.97 percent in August, while year-on-year growth in services imports weakened from an increase of 18.05 percent to a decline of 2.40 percent. This resulted in a services trade surplus of $5.28 billion in September, up moderately from $5.04 billion in August.

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]