印度的贸易差额在9月扩大，因为节日需求和油价飙升推动了进口增长，这增加了中东长期冲突带来的风险。
India’s trade gap expanded in September as festive demand and surging oil prices pushed up imports, adding to risks from the drawn-out conflict in the Middle East.
商务和工业部周四发布的数据显示，9月份出口与进口之间的差额达到302.1亿美元，而8月为269亿美元。根据彭博社对经济学家的调查，这一数据与303亿美元赤字的中位数估计相符。
The gap between exports and imports stood at $30.21 billion in September, compared with $26.9 billion in August, data released by the Ministry of Commerce and Industry on Thursday showed. The data is in line with the median estimate of $30.3 billion deficit, according to a Bloomberg survey of economists.
数据显示，出口较去年同期增长23.1%，达到444亿美元；而进口增长8%，达到746.1亿美元。
Exports rose 23.1% to $44.4 billion from a year earlier, while imports rose 8% to $74.61 billion, the data showed.
IDFC First Bank Ltd.的经济学家高拉·森·古普塔表示，贸易赤字扩大是由于非石油、非黄金进口增加，以及在中东冲突背景下原油价格飙升导致石油进口账单激增。“好消息是，印度的非石油出口增长仍然保持强劲，”她说，并补充说，这表明出口结构更加多元化。
The wider trade deficit was driven by higher non-oil, non-gold imports as well as a jump in the oil import bill after crude prices surged amid the Middle East conflict, said Gaura Sen Gupta, an economist at IDFC First Bank Ltd. “The good news is that India’s non-oil export growth has remained strong,” she said, adding that this points to a more diversified export basket.
更大的贸易赤字给卢比带来压力，卢比今年已贬值超过5%，是亚洲表现最差的货币之一。印度储备银行在周末推出了自2013年紧缩恐慌以来最有力的措施来支撑卢比，此前卢比一度逼近每美元96.9650的历史低点。财政部长尼尔马拉·西塔拉曼周二在彭博新经济论坛上表示，印度储备银行将继续采取措施来抑制波动。
The larger trade deficit adds pressure on the rupee, which has lost over 5% this year and is among Asia’s worst performers. The Reserve Bank of India unveiled its strongest measures to support the rupee since the 2013 taper tantrum over the weekend after it approached a record low of 96.9650 per dollar. Finance Minister Nirmala Sitharaman said Tuesday at the Bloomberg New Economy Forum that the RBI will continue to take measures to curb volatility.
如果不是黄金进口大幅下降，贸易差距将会更大。数据显示，贵金属黄金的进口额从去年同期的96亿美元降至18亿美元，为2024年3月以来的最低水平。这是因为政府将黄金税提高了一倍以上以抑制采购。
The trade gap would have been wider if not for a sharp drop in gold imports. The import bill for the precious metal fell to $1.8 billion from $9.6 billion a year earlier, the lowest level since March 2024, after the government more than doubled the levy on gold to curb purchases.
华盛顿的关税政策以及中东冲突继续给印度的贸易前景带来压力。中东冲突已扰乱霍尔木兹海峡的航运。印度进口其近90%的原油需求，因此尤其面临更高能源成本的风险。布伦特原油价格已连续一个月在每桶100美元或以上交易，印度石油部数据显示，印度原油篮子价格在9月平均为每桶116美元。
Washington’s tariff policies and the conflict in the Middle East, which has disrupted shipping through the Strait of Hormuz, continue to weigh on India’s trade outlook. The country imports nearly 90% of its crude needs, leaving it particularly exposed to higher energy costs. Brent crude oil has traded at or above $100 a barrel for more than a month, while India’s crude oil basket averaged $116 a barrel in September, oil ministry data showed.
允许美国总统唐纳德·特朗普对从俄罗斯购买石油和天然气的国家征收最高100%关税的新美国立法，为美印谈判增添了另一层复杂性。尽管印度外交部长苏布拉马尼安·贾尚卡周二表示，谈判“正朝着落点前进”，表明尽管近期出现僵局迹象，但仍有进展。
New US legislation allowing President Donald Trump to impose tariff as much as 100% on countries buying oil and gas from Russia has added another complication for the US-India talks. Though External Affairs Minister Subrahmanyam Jaishankar said Tuesday that negotiations were “heading toward a landing point,” signaling progress despite recent signs of an impasse.