Page 73 - 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 9.7% from $ 9.66 billion during the period January-March 2013 to $
10.60 billion during the period January-March 2014. US exports of merchandise to India fell by 9.7% from $ 5.17 billion
during the period January-March 2013 to $ 4.66 billion during the period January-March 2014. India - U.S. bilateral
merchandise trade stands at $ 15.26 billion during the period January – March 2014.
Trade during the period March 2014
i) Major items of export from India to US
Select major items with their percentage shares, are given below.
a) Textiles (17.1%)
b) Precious stones & metals (19.2%)
c) Pharmaceutical products (11.7%)
d) Mineral Fuel, Oil (9.4%)
e) Organic chemicals (5.2%)
f) Machinery (4.7%)
g) Lac, Gum, Resins (3%)
h) Electrical Machinery (2.9%)
ii) Major items of export from US to India
Select major items with their percentage shares, are given below
a) Precious stones & metals (24%)
b) Machinery (11.3%)
c) Aircraft, spacecraft, Parts (8.2%)
d) Mineral Fuel, Oil etc. (7.9%)
e) Optical instruments & equipment (6.8%)
f)) Electrical machinery (6.8%)
g) Misc. Chemical Products (4%)
h) Organic chemicals (3.8%)