Page 62 - IACC Newsletter March-April 2014 Issue 03

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India – US Trade Analysis
India - US Trade
Trade and commerce form a crucial component of the rapidly expanding and multi -faceted relations between India and
U.S. From a modest $ 5.6 billion in 1990, the bilateral trade in merchandise goods has increased to $ 63.7 billion in 2013
representing an impressive 1037.5% growth in a span of 23 years.
India's merchandise exports to the U.S. grew by 4.2% from $ 28.96 billion during the period January -August 2013 to $
30.17 billion during the period January-August 2014. US exports of merchandise to India fell by 10.4% from $ 15.05 billion
during the period January-August 2013 to $ 13.49 billion during the period January-August 2014. India - U.S. bilateral
merchandise trade during the period January - August 2014, is $ 43.65 billion.
Trade during the year the period January – September 2014
i) Major items of export from India to US
Selectmajor items with their percentageshares, are given below.
a) Textiles (15.6%)
b) Precious stones &metals (20.5%)
c) Mineral Fuel, Oil (11.3%)
d) Pharmaceutical products (11%)
e) Organic chemicals (5%)
f) Machinery (4.9%)
g) Electrical Machinery (3%)
h) Lac, Gum, Resins (2.9%)
ii) Major items of export from US to India
Selectmajor items with their percentageshares, are given below
a) Precious stones &metals (23.5%)
b) Aircraft, spacecraft, Parts (12.4%)
c) Machinery (10%)
d) Electrical machinery (6.6%)
e) Mineral Fuel, Oil etc. (6.4%)
f) Optical instruments &equipment (6.1%)
h) Organic chemicals (3.4%)
g) PlasticProducts (3.3%)