Overview In May 2023, United States exported $3.3B and imported $7.37B from India, resulting in a negative trade balance of $4.07B. Between May 2022 and May 2023 the exports of United States have decreased by $-725M (-18%) from $4.02B to $3.3B, while imports decreased by $-1.09B (-12.9%) from $8.46B to $7.37B.
Trade In May 2023, the top exports of United States to India were Crude Petroleum ($1.24B), Diamonds ($422M), Aircraft Parts ($151M), Coal Briquettes ($149M), and Acyclic Hydrocarbons ($126M). In May 2023 the top imports of United States from India were Diamonds ($1B), Packaged Medicaments ($921M), Jewellery ($237M), Crustaceans ($227M), and House Linens ($170M).
Origins In May 2023 the exports of United States were mainly from Texas ($951M), California ($367M), New York ($337M), Virginia ($192M), and Pennsylvania ($150M), while imports destinations were mainly New York ($1.58B), New Jersey ($1.02B), California ($703M), Texas ($606M), and Illinois ($377M).
Growth In May 2023, the decrease in United States's year-by-year exports to India was explained primarily by an decrease in product exports in Petroleum Gas ($-131M or -72.7%), Alcohol > 80% ABV ($-29.2M or -39.8%), and Precious Metal Compounds ($-25.3M or -86.8%). In May 2023, the decrease in United States's year-by-year imports from India was explained primarily by an decrease in product imports in House Linens ($-43.9M or -20.6%), Refined Petroleum ($-29.7M or -16%), and Soybean Meal ($-19.6M or -91.7%).