根据初步估计,2025年9月,印度的商品贸易逆差从一年前的208亿美元激增至321.5亿美元。这一差距的扩大是自2024年11月创纪录的赤字以来最大的,其原因是进口额增长了23.8%,达到685.3亿美元,主要是由于黄金进口,尽管价格创下历史新高,但黄金进口额仍环比增长近一倍。出口小幅增长5.2%,至363.8亿美元,可能受到美印贸易协议延迟的影响,因为美国约占印度商品出口的20%。展望未来,由于黄金进口强劲、能源需求强劲以及对电子产品和资本货物进口的持续依赖,贸易逆差预计将保持高位。
India’s merchandise trade deficit surged to USD 32.15 billion in September 2025, up from USD 20.8 billion a year earlier, according to flash estimates. The widening gap—the largest since the record deficit in November 2024—was driven by a 23.8% jump in imports to USD 68.53 billion, primarily fueled by gold imports, which nearly doubled month-on-month despite record-high prices. Exports rose more modestly by 5.2% to USD 36.38 billion, likely weighed down by delays in the US-India trade deal as the US accounts for roughly 20% of India’s goods exports. Looking ahead, the trade deficit is expected to remain elevated due to strong gold imports, firm energy demand, and continued reliance on electronics and capital goods imports.