India – US Trade

Trade and commerce form a crucial component in the rapidly expanding and multi-faceted relations between India and US. From a modest $ 5.6 billions in 1990, the bilateral trade in merchandise goods has increased to $ 41.62 billion in 2007 representing an impressive 743% growth in a span of 17 years. India’s merchandise exports to the U.S.A. grew at 10.05 % from US $ 21.83 billion in 2006 to US $ 24.02 billion in 2007. US exports of merchandise to India increased from US $ 10.06 billion in 2006 to US $ 17.59 billion in 2007, an increase of 74.94%.

During the period January - October 2008, merchandise exports from India to US increased by 10% to $ 22 billion and merchandise exports from US to India increased by 16 % to US $ 16.4 billion.

A tabular profile of the bilateral trade during recent years is given below.

Bilateral Merchandise Trade (2004 to 2008*)
                                                                      

                             (In US $ Millions)

*  Source: U.S. Department of Commerce

A profile of growth trends of some major items of bilateral trade in merchandise during the past two years, is given below:   

India’s exports to US 

The major items of export from India are:

Cut and polished diamonds and Jewelry is a major item of India’s exports to the US, accounting for 25.81%. Exports of this item grew from US $ 5.87 billion in 2006 to US $ 6.20 billion in 2007. 

Textiles exports to the US grew from US $ 5.38 billion in 2006 to US $ 5.45 billion in 2007. 

Engineering goods and machinery including electrical machinery grew 
sharply from US $ 2.20 billion in 2006 to US $ 2.36 billion in 2007. 

Mineral and fuel oils export grew from US $ 400 million in 2006 to US $ 967 million in 2007.

Export of organic chemicals to the US grew from US $ 880 million in 2006 to US $ 1209 million in 2007. 

Export of vehicles and parts (excluding railway) to the US grew from US$ 487 million in 2006 to US $ 623 million in 2007. 

US exports to India 

The major items of export from US to India are:  

Engineering goods and machinery including electrical machinery contribute to over 20% of the total US exports to India. US exports of these items grew from US$ 2.76 billion in 2006 and to US $ 3.51 billion in 2007. 

Export of precious stones and metals from US to India grew from US $ 924 million in 2006 to US $ 1891 million in 2007. 

Optical and medical instruments grew from US $ 688 million in 2006 to
US $ 867 million in 2007.

Export of aircraft, aviation machinery and parts grew from US $ 1623
million in 2006 to US $ 6058 million in 2007.

Export of fertilizers grew from US $ 587 million in 2006 to US $ 778 million in 2007.


Trade during the year 2008

i)  Major items of export from India to US 

During the period January - October 2008, merchandise exports from India to US increased by 10 % to $ 22 billion as compared to India’s exports during the corresponding period in  2007 ($ 20 billion)

Select major items with their percentage shares are given below.

a) Diamonds & precious stones (22.8%)

b) Textiles (21.2%) 

c) Pharmaceutical products (5.9%)

d) Electrical Machinery (5.1%)

e) Organic Chemicals (5.4%)

f) Machinery (5.5%) 

(ii) Major items of export from US to India:  

During the period January - October 2008, merchandise exports from US to India increased by 16 % to US $ 16.4 billion as compared to US exports during the corresponding period in  2007 ($ 14.1 billion)

Select major items with their percentage shares are given below 

a) Aviation & aircraft (15.2%)

b) Engineering goods & machinery (including electrical) (19.4%)

c) Precious stones & metals (13%)

d) Organic chemicals (3.3%)

e) Optical instruments & equipment (4.5%)   

Contact Details 

General Fax: 202-797-4693  

For trade related queries  

Mr. Harinder Mecheri 
Telephone: 202-939-9810
E-mail

For all other and general queries: 

Attaché (Commerce) : Mr. Y.P.Sood 
Tel: 202-939-9834

Minister (Commerce): Mrs. Banashri B.Harrison
Telephone : 202-939-9807 
Email


Counsellor (Commerce): Mr. Sibi George
Telephone : 202-939-9828
E-mail