Trade between India and US – India US Trade Statistics 2016

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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importer name, importer address and other shipment details. To access the
complete information, fill up a quick enquiry form on our website i.e. www.exportgenius.in or drop us a query at [email protected].