India Trade Balance: Goods & Services
MonthlyNot seasonally adjustedCode IN.TRADEBAL.M.NSA
India Trade Balance: Goods & Services was −30,210 US$ million in September 2026, down 3,350.5 from August 2026 and up 2,786.5 from a year earlier.
Over the past ten years it has ranged from −42,616 US$ million (Oct 2025) to 709.6 US$ million (Jun 2020), averaging −17,927 US$ million.
Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.
Recent data
| Period | Value |
|---|---|
| September 2026 | −30,210 US$ million |
| August 2026 | −26,859 US$ million |
| July 2026 | −31,980 US$ million |
| June 2026 | −30,428 US$ million |
| May 2026 | −28,210 US$ million |
| April 2026 | −28,383 US$ million |
| March 2026 | −20,670 US$ million |
| February 2026 | −27,089 US$ million |
| January 2026 | −34,752 US$ million |
| December 2025 | −26,238 US$ million |
| November 2025 | −25,101 US$ million |
| October 2025 | −42,616 US$ million |
| September 2025 | −32,996 US$ million |
| August 2025 | −27,219 US$ million |
| July 2025 | −27,877 US$ million |
| June 2025 | −19,097 US$ million |
| May 2025 | −22,551 US$ million |
| April 2025 | −27,098 US$ million |
| March 2025 | −21,460 US$ million |
| February 2025 | −14,053 US$ million |
| January 2025 | −23,092 US$ million |
| December 2024 | −20,675 US$ million |
| November 2024 | −31,986 US$ million |
| October 2024 | −26,086 US$ million |
Last 24 observations. The full history (369 observations) is available through the API.
One guessable code, agency-direct, updated on release. Free tier available.
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
"https://makrognosis.robomacro.com/v1/series/IN.TRADEBAL.M.NSA"
# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/IN.TRADEBAL.M.NSA",
headers={"X-API-Key": KEY})
obs = r.json()["observations"]About this series
| Latest observation | September 2026 |
|---|---|
| First observation | January 1996 |
| Observations | 369 |
| Frequency | Monthly |
| Units | US$ million |
| Adjustment | Not seasonally adjusted |
| 10-year high | 709.6 US$ million (Jun 2020) |
| 10-year low | −42,616 US$ million (Oct 2025) |
| 10-year average | −17,927 US$ million |
| Source agency | Makrognosis (computed from agency-direct inputs) |
| Makrognosis code | IN.TRADEBAL.M.NSA |
This series is a labelled reference series (an official figure republished by an aggregator) rather than a first print from the agency itself.
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FAQ
- What is the current trade Balance: Goods & Services in India?
- The latest reading is −30,210 US$ million for September 2026, published by Makrognosis (computed from agency-direct inputs).
- Where does this data come from?
- It is collected directly from Makrognosis (computed from agency-direct inputs) and is available through the Makrognosis API under the code IN.TRADEBAL.M.NSA.
Last updated 2026-11-12. Source: Makrognosis (computed from agency-direct inputs). Original title: “IN merchandise trade balance (IN.EXPORTS.M.NSA − IN.IMPORTS.M.NSA, USD mn)”.