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2022
Flag → Flag
Exports $46.8BRnk 1 / 217
2022
Flag → Flag
Top Product $9.75BDiamonds
2022
Flag → Flag
Exports $24.8BRnk 10 / 219
2022
Flag → Flag
Top Product $10.8BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

India-United States Trade: In 2022, India exported $46.8B to United States. The main products that India exported to United States were Diamonds ($9.75B), Packaged Medicaments ($7.54B), and Refined Petroleum ($4.87B). Over the past 5 years the exports of India to United States have increased at an annualized rate of 51.9%, from $5.79B in 2017 to $46.8B in 2022.

In 2022, India did not export any services to United States.

United States-India Trade: In 2022, United States exported $24.8B to India. The main products that United States exported to India were Crude Petroleum ($10.8B), Coal Briquettes ($6.08B), and Diamonds ($5.07B). Over the past 5 years the exports of United States to India have increased at an annualized rate of 47.4%,  from $3.56B in 2017 to $24.8B in 2022.

In 2017, United States exported services to India worth $22.7B, with Travel ($12.2B), Royalties and license fees ($2.29B), and Financial services ($2.09B) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Latest Trends

April, 2024

About

Overview In April 2024, India exported $6.61B and imported $3.21B from United States, resulting in a positive trade balance of $3.41B. Between April 2023 and April 2024 the exports of India have increased by $717M (12.2%) from $5.9B to $6.61B, while imports increased by $69M (2.2%) from $3.14B to $3.21B.

Trade In April 2024, the top exports of India to United States were Pearl, Precs, Semiprecs Stones ($594M), Petroleum Products ($522M), Drug Formulations, Biologicals ($488M), Telecom Instruments ($320M), and Rmg Cotton Incl Accessories ($247M). In April 2024 the top imports of India from United States were Petroleum: Crude ($1.2B), Pearl, Precs, Semiprecs Stones ($366M), Petroleum Products ($262M), Coal,Coke And Briquittes Etc ($243M), and Electric Machinery And Equipme ($152M).

Growth In April 2024, the increase in India's year-by-year exports to United States was explained primarily by an increase in product exports in Telecom Instruments ($253M or 375%), Petroleum Products ($161M or 44.6%), and Electronics Components ($158M or 292%). In April 2024, the increase in India's year-by-year imports  from United States was explained primarily by an increase in product imports  in Petroleum: Crude ($778M or 183%), Petroleum Products ($81.4M or 45.1%), and Iron And Steel ($73M or 139%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)$717M(12.2%)
IMPORT GROWTH (April 2023 - April 2024)$69M(2.2%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check United States and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $46.8B to United States. The main products exported from India to United States were Diamonds ($9.75B), Packaged Medicaments ($7.54B), and Refined Petroleum ($4.87B). During the last 5 years the exports of India to United States have increased at an annualized rate of 51.9%, from $5.79B in 2017 to $46.8B in 2022.

In 2017, United States exported $24.8B to India. The main products exported from United States to India were Crude Petroleum ($10.8B), Coal Briquettes ($6.08B), and Diamonds ($5.07B). During the last 22 years the exports of United States to India have increased at an annualized rate of 47.4%, from $3.56B in 1995 to $24.8B in 2017.

Exports from India (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
United States
Top DestinationCanada$308B

This map shows whether countries import more from India or United States. Each country is colored based on the difference in imports they receive from India and United States or the difference in the growth in imports.

In 2022, countries that imported more from India than United States included United Arab Emirates ($31.6B), Bangladesh ($13.8B), and Nepal ($8.66B).

In 2022, countries that imported more from United States than India included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and India (Flag) (2022)

Comparative Advantage India - United States

Flow
Scale

This chart compares trade between India and United States by product, considering products traded by both, India and United States.

During 2022, India had a large net trade with United States in the exports of Precious Metals ($14.7B), Chemical Products ($14.1B), and Machines ($12.3B).

During 2017, United States had a large net trade with India in the exports of Mineral Products ($20.2B), Precious Metals ($7.62B), and Machines ($4.79B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India United States+$3.85BRefined Petroleum
Top Product Potential United States India+$3.59BCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of India and United States. This means that a dot/product with the flag of India indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over India.

Product Space of India (Flag) and United States (Flag) (2022)

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