Trade between India and US - India US Trade Statistics 2016

26 September 2017

USA is India’s largest trading partner with USD 62.38 billion in total goods trade during 2016. India exports to USA totalled USD 41.99 billion while goods imports totalled USD 20.39 billion. The India US trade surplus recorded USD 21.60 billion in 2016. The bilateral trade between India and USA has been expanded on a large scale in past years. Here, we take a comprehensive look at India US bilateral trade relations, India exports to USA, India imports from USA and sample of trade data.

India US Trade Relations

India US trade relations are also considered by inter dependence in terms of financial markets. United States investors are more and more investing in India and Indian multinational corporations are also establishing corporations in the United States. The US India agricultural cooperation agreed that they will concentrate on promoting teaching, research, service and commercial linkages. Areas like infrastructure, IT, Telecom sector, energy and other knowledge industries such as pharmaceuticals and biotechnology, are the favourite areas for economic cooperation between India and the United States.

India US trade relations is the significant phase of the global and strategic partnership existing between these two countries. They will have long lasting and positive effect on the international system, promoting stability, democracy and success across the world. Indo-US trade relations had further boosted with the conclusion of an open sky which is supposed to increase the air connectivity between these two countries, in that way improving the commercial and trade relations.

India US Trade: India Exports to USA

Precious stones, pharmaceuticals, worn textile articles and not knitted textiles are the most exported products from India to United States. As per the India US trade statistics, it has registered 16% share of USA in the total of India exports. However, India exports to USA has been increased by 2% between 2012 and 2016. Also, the export business of precious stones and pharmaceutical products have seen a growth of 9% and 14% respectively during the same period. During the year 2016, India exports to USA worth USD 2.2 billion from the product under HS code 63 which includes other made up textile articles, worn clothing and worn textiles. Go through the following table to check the top India exports to USA.

*Above stats are based on 2016 report

Sample of India Exports to USA

USA is the largest export partner of India. It is the major market for Indian exporters. If you are an exporter and want to sell your product in USA. You must know about the active importers in US and also know about who imports at what rate or at what quantity from India. Here, we are providing the sample of India exports to USA. It will help you to get a fair idea about the data fields that are covered in trade report of Export genius.

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The other details like Indian exporter name, exporter address, exporter city, foreign importer name and importer address will be available offline only. You have to subscribe with us to get complete details.

India US Trade: India Imports from USA

According to India US bilateral trade statistics, India’s top import categories (two digit HS code) from USA in 2016 were machinery, precious stones, electronics, optical and aircraft. India has reduced the imports of goods from United States of America which is decreased by 4% in total value between 2012 and 2016. Machinery is the most imported product in India from United States, recorded USD 3969 million during the year 2016. The import of this product in India has been increased by 6% from 2012-2016 while India imports of precious stones from USA has been reduced by 10% during the same period. Refer the below table to know the top 5 India imports from USA with its value recorded in 2016.

*Above stats are based on 2016 report

Sample of India Imports from USA

USA is second largest importer partner of India. Want to import products from USA? Get the list of US importers in our trade report. You can go through the following sample of India imports from USA as given below.

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