Zinc, sugar & steel are the fastest growing Indian exports to the U.S. while military products, artwork & antiques are leading imports into India from America.
India exported US$21.8 billion worth of merchandise to the United States in 2006, up 16.1% from 2005 and up 84.7% in just 4 years.
Indian imports from the U.S. rose 26.3% to $10.1 billion in 2006, up 146% since 2002.
In terms of the merchandise flow between the two countries, America’s trade deficit with India was $11.7 billion in 2006, up 52% from 2002. The U.S. trade deficit with India increased 8.5% in 2006 – down from the 14.3% deficit increase in 2005 from the year earlier.
Indian Exports to U.S.
Of the $21.8 billion in American imports from India in 2006, the following product categories had the highest values.
Cotton household furnishings & clothing …US$3.5 billion (16.1% of India to U.S. exports, up 13.5% from 2005)
Diamonds … $3.3 billion (14.9%, up 5.8%)
Jewellery (e.g. watches, rings) … $2.4 billion (11.1%, up 37.4%)
Medicinal, dental and pharmaceutical preparations … $799.2 million (3.7%, up 47.7%)
Semi-finished iron & steel products … $735.3 million (3.4%, up 101.1%)
Non-cotton household furnishings & clothing … $668.6 million (3.1%, down 14%)
Textile floor coverings (e.g. rugs) … $602.5 million (2.8%, up 11.9%)
Industrial machinery … $431.2 million (2.0%, up 25.6%)
Industrial organic chemicals … $398.5 million (1.8%, up 19.9%)
Generators, transformers & accessories ... $398 million (1.8%, up 144%)
Fastest-Growing Indian Exports to U.S.
Below are American imports from India in 2006 with the highest percentage sales increases from 2005.
Zinc … US$42.4 million (up a staggering 51,000% from 2005)
Sugar … $3.1 million (up 25,400%)
Steelmaking materials … $3.3 million (up 286%)
Precious metals … $12.4 million (up 226%)
Rubber … $11.3 million (up 192%)
Indian Imports from U.S.
Of the $10.1 billion in American exports to India in 2006, the following product categories had the highest values.
Civilian aircraft … US$1.4 billion (14.1% of India from U.S. imports, up 169.6% from 2005)
Diamonds … $621.2 million (6.2%, up 33%)
Chemical fertilizers … $608 million (6.0%, up 25.5%)
Telecommunications equipment … $486 million (4.8%, up 4.9%)
Organic chemicals … $410.4 million (4.1%, up 10.5%)
Other petroleum products … $336.8 million (3.3%, up 55.7%)
Computer accessories … $311 million (3.1%, up 19%)
Jewellery … $285.5 million (2.8%, up 31.5%)
Medicinal equipment … $259.4 million (2.6%, up 17.3%)
Industrial machines … $251.1 million (2.5%, up 21.5%)
Fastest-Growing Indian Imports from U.S.
Below are American exports to India in 2006 with the highest percentage sales increases from 2005.
Military vehicles … US$11.6 million (up 232,000% from 2005)
Military clothing & footwear … $30.1 million (up 68,000%)
Collectibles (e.g. artwork, antiques, stamps) … $43.2 million (up 513.5%)
Engines for military aircraft … $13.1 million (up 281.9%)
Civilian aircraft … $1.4 billion (up 169.6%)
Sources
This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.
The copyright of the article Top Indian Exports & Imports in Import/Export is owned by Daniel Workman. Permission to republish Top Indian Exports & Imports in print or online must be granted by the author in writing.