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2023
Flag → Flag
Exports $41.4BRnk 11 / 220
2023
Flag → Flag
Top Product $5.5BCrude Petroleum
2023
Flag → Flag
Exports $85.5BRnk 1 / 220
2023
Flag → Flag
Top Product $10.4BPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
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GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

United States-India Trade: In 2023, United States exported $41.4B to India. The main products that United States exported to India were Crude Petroleum ($5.5B), Coal Briquettes ($4.61B), and Gas Turbines ($2.39B). Over the past 5 years the exports of United States to India have increased at an annualized rate of 5.91%, from $31.1B in 2018 to $41.4B in 2023.

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.

India-United States Trade: In 2023, India exported $85.5B to United States. The main products that India exported to United States were Packaged Medicaments ($10.4B), Diamonds ($7.61B), and Broadcasting Equipment ($6.18B). Over the past 5 years the exports of India to United States have increased at an annualized rate of 9.06%,  from $55.4B in 2018 to $85.5B in 2023.

In 2023, India did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Company data: In 2023, leading companies such as John Deere (6.8k), IKEA Group (6.65k), and Old Navy (4.68k) were at the forefront of exporting goods from India to the United States. Conversely, Other (18.8k), Unknown (3.41k), and Chromewell Engineering Ltd (2.55k) were notable for importing products to India from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $3.76B and imported $6.89B from India, resulting in a negative trade balance of $3.13B. Between November 2023 and November 2024 the exports of United States have increased by $710M (23.3%) from $3.05B to $3.76B, while imports increased by $214M (3.21%) from $6.68B to $6.89B.

Trade In November 2024, the top exports of United States to India were Diamonds ($318M), Aircraft parts (gliders, balloons, and powered... ($225M), Crude Petroleum ($188M), Coal Briquettes ($148M), and Petroleum Gas ($88.7M). In November 2024 the top imports of United States from India were Packaged Medicaments ($1.27B), Refined Petroleum ($652M), Diamonds ($621M), Telephones ($380M), and Jewellery ($191M).

Origins In November 2024 the exports of United States were mainly from Texas ($1.06B), New York ($457M), California ($329M), Nevada ($246M), and Louisiana ($134M), while imports destinations were mainly New York ($923M), New Jersey ($822M), Texas ($641M), California ($503M), and Georgia ($433M).

Growth In November 2024, the increase in United States's year-by-year exports to India was explained primarily by an increase in product exports in Aircraft parts (gliders, balloons, and powered... ($73.4M or 48.5%), Petroleum Coke ($65.6M or 1.38k%), and Scrap Iron ($45.8M or 171%). In November 2024, the increase in United States's year-by-year imports  from India was explained primarily by an increase in product imports  in Refined Petroleum ($496M or 318%), Packaged Medicaments ($345M or 37.4%), and Telephones ($286M or 305%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$710M(23.3%)
IMPORT GROWTH (November 2023 - November 2024)$214M(3.21%)
MAIN EXPORTER (November 2024)Texas$1.06B

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

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

For full datasets download visit Bulk Download page.

Explore India and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $41.4B to India. The main products exported from United States to India were Crude Petroleum ($5.5B), Coal Briquettes ($4.61B), and Gas Turbines ($2.39B). During the last 5 years the exports of United States to India have increased at an annualized rate of 5.91%, from $31.1B in 2018 to $41.4B in 2023.

In 2018, India exported $85.5B to United States. The main products exported from India to United States were Packaged Medicaments ($10.4B), Diamonds ($7.61B), and Broadcasting Equipment ($6.18B). During the last 5 years the exports of India to United States have increased at an annualized rate of 9.06%, from $55.4B in 2023 to $85.5B in 2018.

Exports from United States (Flag) to India (Flag) (2023)

Exports from India (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from United States than India included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from India than United States included Bangladesh ($11.3B), Nepal ($7.25B), and United Arab Emirates ($28.8B).

Difference in imports from India (Flag) and United States (Flag) (2023)

Comparative Advantage United States - India

Flow
Scale

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

During 2023, United States had a large net trade with India in the exports of Mineral Products ($13.7B), Machines ($7.05B), and Chemical Products ($4.38B).

During 2018, India had a large net trade with United States in the exports of Machines ($18.6B), Chemical Products ($16.4B), and Precious Metals ($12.2B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States India+$3.59BCrude Petroleum
Top Product Potential India United States+$3.85BRefined 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 United States and India. This means that a dot/product with the flag of United States indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and India (Flag) (2023)

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