India & US Signs A New 'Fruitful' Bilateral Trade Agreement

22 January 2022
India US Trade Data

India and the US are sharing a trade agreement for the trade of commodities in fruits. The trade agreement between both countries involves the sharing of the resources both countries require from each other. These fruits include Indian mangoes and pomegranates exports to the US, while cherries and alfalfa hay, along with pork products from the US to India.

 

India and the US shared a close alliance with each other during the pandemic in 2020. India exported goods with a total worth of $42.3 billion imports to the US in the year 2020 as per our global trade database. On the other hand, the US exports to India accounted for a total worth of $25.09 billion imports in India for the year 2020.


India Mangoes Exports


Shown below are the quarterly exports of Indian mangoes to the world for the taken time range. The period ranging from January 2020 to December 2021 covers a time period of 2 years that shows a comparison between the mango’s exports in the year 2020 and 2021.

 

India accounted for the highest exports for mangoes in the second quarter of 2021 with an export value of $66.92 million, followed by second quarter of 2020 with an export value of $49.96 million and third quarter of 2021 with an export value of $49.29 million respectively.

 

India Mangoes Exports (2020-2022)

Quarter

Value USD Million

Q1-2020

26.06

Q2-2020

49.96

Q3-2020

42.49

Q4-2020

30.33

Q1-2021

35.98

Q2-2021

66.92

Q3-2021

49.29

Q4-2021

48.07

 

 

India Edible Fruits Exports


According to the National Investment Promotion & Facilitation Agency, India’s food processing industry accounts for 10.4% of India’s overall exports and has a share of 32% in India's food market. There is a 15% rise in India’s agricultural and processed food exports, representing in the duration of April 2021 to October 2021, perhaps.

 

Represented India export data 2021 represents the country’s approximate share value in exports of edible fruits and nuts (Chapter 08) globally for the year of 2021 (till November as per available data). The highest edible fruits exports India recorded in the month of March with an approximate value of 17.02% in overall India’s exports for 2021. There is a constant downfall in values after March till June 2021, from where we see an upward trend till November.


India Edible Fruits Exports Share (Jan-Nov'21)

Month

Approx. Value USD (%)

January

9.67%

February

14.10%

March

17.02%

April

12.61%

May

6.26%

June

5.39

July

6.72%

August

6.47%

September

7.76%

October

7.24%

November

6.75%

 

India’s top importing countries for edible fruits and nuts (Chapter 08) are represented in the below provided India export data 2021, with their corresponding export values from India. Top countries that India exports its edible fruits consist of the United Arab Emirates on the top with an export value of $297.57 million, followed by the Netherlands and Bangladesh with respective export values of $184.30 million and $133.10 million for the time period highlighted below, i.e., January to November (2021). The USA is the 7th largest importer of India’s fruits & nuts.


Top Importers For India Edible Fruits (Jan-Nov'21)

Country

Value USD Million

United Arab Emirates

297.57

Netherlands

184.30

Bangladesh

133.10

Saudi Arabia

95.38

United Kingdom

73.05

Japan

65.24

United States of America

54.84

Iran

54.51

Vietnam

50.02

Nepal

46.98

 

 

India Edible Fruits Imports


India’s agricultural industry still falls limited to cultivating certain crops, which are eventually imported from other countries. The recently signed India’s trade agreement is in accordance with these following authorities—India’s Department of Agriculture & Farmers Welfare and the US Department of Agriculture (USDA) for trade of commodities with each other.

 

The top exporting countries for edible fruits & nuts (Chapter 08) to India are shown below in the representation of India import data. The USA is pretty evidently the largest exporter of edible fruits & nuts to India as per the time period from January 2020 to November 2021. The USA stands at the top of the list with an import value of $1.85 billion, followed by Afghanistan and Iran with respective values of $0.65 billion and $0.51 billion for India.


 

Top Exporters For India Edible Fruits (Jan'20-Nov'21)

Country

Value USD Billion

United States of America

1.85

Afghanistan

0.65

Iran

0.51

Benin

0.42

Ghana

0.37

Tanzania

0.30

Côte D’Ivoire

0.24

Chile

0.24

Guinea-Bissau

0.19

Guinea

0.19

 

India imports from the US for edible fruits and nuts (Chapter 08) are shown below in the tabular format and graph, both. Evaluated from India import data, the following figures give us an overview of the flow of trend for the US’s edible fruits in India for the time period from January 2020 to November 2021, as per the availability of India trade data.

 

The highest US imports for edible fruits in India accounted for an import value of $329.57 million in the fourth quarter of 2020, while the lowest import value is $176.50 million for the third quarter of the year 2021. The values are rising by the end of the year 2021.


 

India Edible Fruits From US – Quarterly Imports

Quarter

Value USD Million

Q1-2020

289.83

Q2-2020

186.59

Q3-2020

179.81

Q4-2020

329.57

Q1-2021

255.18

Q2-2021

188.98

Q3-2021

176.50

Q4-2021 (Till Nov)

245.10

 

India has also allowed the entry of US’s pork market into India’s markets, marking a benchmark decision of, as stated by the United States Secretary of Agriculture, “removing a longstanding barrier to U.S. agricultural trade.” The official further adds that this is a crucial decision that allows both India and the US to grow US-India bilateral trade relationships.

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