Page 106 - 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 12% from $ 6 billion during the period January-February 2013 to $ 6.72
billion during the period January-February 2014. US exports of merchandise to India fell by 10.7% from $ 3.30 billion
during the period January-February 2013 to $ 2.95 billion during the period January-February 2014. India - U.S. bilateral
merchandise trade stands at $ 9.67 billion during the period January - February 2014.
Trade during the year the month of February 2014
i) Major items of export from India to US
Select major items with their percentage shares, are given below.
a) Textiles (17.4%)
b) Precious stones & metals (18.8%)
c) Pharmaceutical products (12.1%)
d) Mineral Fuel, Oil (7.7%)
e) Organic chemicals (5.6%)
f) Machinery (4.9%)
g) Lac, Gum, Resins (3.3%)
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 (25.8%)
b) Machinery (10.3%)
c) Aircraft, spacecraft, Parts (8.3%)
d) Electrical machinery (7%)
e) Mineral Fuel, Oil etc (6.7%)
f)) Optical instruments & equipment (6.5%)
g) Misc. Chemical Products (4.3%)
h) Organic chemicals (3.8%)