United States (USA) and India (IND) Trade | OEC - The Observatory of Economic Complexity

About

United States-India: In 2019, United States exported $33.7B to India. The main products that United States exported to India are Crude Petroleum ($5.36B), Diamonds ($4.4B), and Coal Briquettes ($1.9B). During the last 24 years the exports of United States to India have increased at an annualized rate of 10%, from $3.4B in 1995 to $33.7B in 2019.

In 2011, United States exported services to India worth $9.75B, with Travel ($6.41B), Transportation ($1.74B), and Royalties and license fees ($697M) being the largest in terms of value.

India-United States: In 2019, India exported $55.3B to United States . The main products that India exported to United States were Diamonds ($7.63B), Packaged Medicaments ($6.8B), and Refined Petroleum ($3.13B). During the last 24 years the exports of India to United States have increased at an annualized rate of 9.95%, from $5.67B in 1995 to $55.3B in 2019.

In 2019, India did not exported services to United States.

Comparison: In 2019, United States ranked 10 in the Economic Complexity Index (ECI 1.58), and 2 in total exports ($1.51T). That same year, India ranked 44 in the Economic Complexity Index (ECI 0.59), and 15 in total exports ($330B).

Latest Trends (May, 2021)

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About

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Overview: In May 2021 United States exported $3.14B and imported $6.04B from India, resulting in a negative trade balance of $2.9B. Between May 2020 and May 2021 the exports of United States have increased by $1.87B (147%) from $1.27B to $3.14B, while imports increased by $3.92B (185%) from $2.12B to $6.04B.

Trade: In May 2021, the top exports of United States to India were Crude Petroleum ($723M), Diamonds ($419M), Petroleum Gas ($167M), Coal Briquettes ($138M), and Packaged Medicaments ($79.4M). In May 2021 the top imports of United States from India were Diamonds ($898M), Packaged Medicaments ($619M), Refined Petroleum ($309M), House Linens ($242M), and Jewellery ($239M).

Origins: In May 2021 the exports of United States were mainly from Texas ($971M), California ($526M), New York ($229M), Louisiana ($161M), and Pennsylvania ($132M), while imports destinations were mainly New York ($1.38B), New Jersey ($886M), California ($471M), Texas ($402M), and Georgia ($354M).

Growth: In May 2021, the increase in United States's year-by-year exports to India was explained primarily by an increase in product exports in Crude Petroleum ($587M or 433%), Diamonds ($357M or 576%), and Coal Briquettes ($112M or 428%). In May 2021, the increase in United States's year-by-year imports from India was explained primarily by an increase in product imports in Diamonds ($812M or 941%), Jewellery ($218M or 1.08k%), and House Linens ($192M or 378%).

Latest Trade

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Time Scale

Flow

Depth

Value

EXPORT GROWTH (May 2020 - May 2021): $1.87B, (147%)

IMPORT GROWTH (May 2020 - May 2021): $3.92B, (185%)

MAIN EXPORTER (May 2021): Texas, $971M

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.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2019, United States exported $33.7B to India. The main products exported from United States to India were Crude Petroleum ($5.36B), Diamonds ($4.4B), and Coal Briquettes ($1.9B). During the last 24 years the exports of United States to India have increased at an annualized rate of 10%, from $3.4B in 1995 to $33.7B in 2019.

In 2019, India exported $55.3B to United States. The main products exported from India to United States were Diamonds ($7.63B), Packaged Medicaments ($6.8B), and Refined Petroleum ($3.13B). During the last 24 years the exports of India to United States have increased at an annualized rate of 9.95%, from $5.67B in 1995 to $55.3B in 2019.

Latest Data

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Date

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Date

Market Competitiveness

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Measure

SectionYear

United States
Top Destination: Canada, $252B

India
Top Destination: United States, $55.3B

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 2019, countries that imported more from United States than India were Canada ($252B), Mexico ($235B), and China ($103B).

In 2019, countries that imported more from India than United States were United Arab Emirates ($28.6B), Nepal ($7.11B), and Bangladesh ($8.24B).

Comparative Advantage United States - India

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Depth

Year

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

During 2019, United States had a large net trade with India in the exports of Mineral Products ($8.78B), Precious Metals ($6.45B), and Machines ($5.7B).

During 2019, India had a large net trade with United States in the exports of Chemical Products ($10.9B), Precious Metals ($10.1B), and Textiles ($7.5B).

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between United States and India (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter India were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2018, the products from India that paid the highest import tariffs to enter United States were Food preparations nes (150%) and Grape wines, sparkling (150%).

*The tariffs present between United States and India are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
388: United States Generalized System of Preference

Service Trade

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Bilateral Service Trade

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Usa Year

In 2011, United States exported services to India worth $9.75B, with Travel ($6.41B), Transportation ($1.74B), and Royalties and license fees ($697M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more United States has comparative advantage over India. Similarly, the more red a dot/product is, the more India has comparative advantage over United States.

About

Latest Trends (May, 2021)

About

Latest Trade

Historical Data

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage United States - India

Tariff Section

Tariffs

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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