Page 70 - IACC Newsletter November 2012 Issue no. 7

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India – US Trade Analysis
Trade and commerce form a crucial component of the rapidly expanding and multi-faceted relations between India and
US. From a modest $ 5.6 billion in 1990, the bilateral trade in merchandise goods has increased to $ 57.8 billion in 2011
representing an impressive 932.14% growth in a span of 21 years.
India’s merchandise exports to the U.S. grew by 13.59% from $ 27.52 billion during the period January- September 2011
to $ 31.26 billion in January- September 2012. US exports of merchandise to India grew by 2.54% from $ 15.86 billion
during the period January – September 2011to $ 16.27 billion in January –September 2012. India – U.S. bilateral
merchandise trade stands at $ 47.53 billion during this period.
Trade during the period January – September 2012
i)
Major items of export from India to US
Select major items with their percentage shares, are given below
a) Textiles (15.2%)
b) Precious stones & metals (16.9%)
c) Pharmaceutical products (9.9%)
d) Mineral Fuel, Oil (8.2%)
e) Lac, Gums, Resins (10.1%)
f) Organic chemicals (5.4%)
g) Machinery (5.3%)
h) Electrical Machinery (3.7%)
ii)
Major items of export from US to India
Select major items with their percentage shares, are given below
a) Precious stones & metals (24.2%)
b) Machinery (12.5%)
c) Mineral fuel, Oil, etc. (8.4%)
d) Optical instruments & equipment (6.5%)
e) Electrical machinery (6.2%)
f) Aircraft and parts (5.1%)
g) Organic chemicals (4.1 %)
h) Plastic Products (3.4%)