India is currently our 9th largest goods trading partner with $67.7 billion in total (two way) goods trade during 2016. Goods exports totaled $21.7 billion; goods imports totaled $46.0 billion. Add in services and the number exceed $100 billion.
Exports
- India was the United States’ 18th largest goods export market in 2016.
- U.S. goods exports to India in 2016 were $21.7 billion, up 1.1% ($237 million) from 2015 and up 124.2% from 2006.
- The top export categories (2-digit HS) in 2016 were: precious metal and stone (diamonds) ($7.0 billion), machinery ($2.0 billion), optical and medical instruments ($1.3 billion), mineral fuels ($1.2 billion), and electrical machinery ($1.2 billion).
- U.S. total exports of agricultural products to India totaled $1.3 billion in 2016, our 21st largest agricultural export market. Leading domestic export categories include: tree nuts ($522 million), cotton ($250 million), pulses ($144 million), fresh fruit ($72 million), and planting seeds ($32 million).
India offers promising export growth prospects for U.S. agriculture with a large and rapidly expanding middle class, rising disposable incomes and shifting consumption patterns toward higher-value agricultural commodities. India’s imports of U.S. agriculture have been growing, particularly consumer-oriented agricultural goods, where products have made major headway.
